**REGISTERED COMPANY NUMBER: 06995775 (England and Wales) REGISTERED CHARITY NUMBER: 1160988**
## **REPORT OF THE TRUSTEES AND**
## **FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 31ST AUGUST 2023**
## **FOR**
## **THE GOOD GYM**
**THE GOOD GYM**
## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2023**
|||**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 2023**
The Trustees are pleased to present GoodGym's annual report and accounts for the year ended 31st August 2023.
In this period GoodGymers (GoodGym volunteers) carried out 8,444 group sessions and completed 3,407 tasks and visits for 811 older people. We completed 34,485 good deeds in total.
During this year we started operating in Southampton and Nottingham and continued operation in all the other existing areas.
At the start of the period GoodGym had 20,265 members and 122,923 signups. This grew to 21,691 members by 31 August 2023, with over 135,740 signups. A member is someone making a commitment to regular participation and a signup is someone who signs up to the website with a minimum of their name and email.
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 (FRS 102).
## **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 bank donations or shifting woodchip in community gardens.
2. Social visits: 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.
3. Missions: GoodGymers carry out one-off practical tasks such as changing smoke alarm batteries, moving furniture or clearing a garden, for isolated older people
## **FINANCIAL REVIEW**
## **Financial position**
Our income in the year was £817,875 and expenditure was £1,048,750. At the end of the year we carried over £744,410 to the next financial year, including £128,604 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.
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.
Page 1
**THE GOOD GYM**
## **REPORT OF THE TRUSTEES**
## **FOR THE YEAR ENDED 31ST AUGUST 2023**
## **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 eighth report made by the Trustees, covering the period from 1st September 2022 to 31st August 2023.
## **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 13 PAYE staff and approximately 58 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 (resigned 13.3.24) P J Miller (resigned 3.11.23) P Hay Ms T Greene Ms R Forbes Ms R Docherty Ms A Osunsade K C Bounds (appointed 13.3.24) Ms J R Ashcroft (appointed 3.11.23) Mx R J McAlees (appointed 13.3.24)
## **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 24th May 2024 and signed on its behalf by:
Page 2
**THE GOOD GYM**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST AUGUST 2023**
Ms J R Ashcroft - 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 2023.
## **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:
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.
Natalie Floyd, ACA
The Institute of Chartered Accountants in England and Wales
24th May 2024
Page 4
**THE GOOD GYM**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST AUGUST 2023**
|Notes
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
**EXPENDITURE ON**
**Charitable activities**
3
Charitable activities
Other
**Total**
**NET INCOME/(EXPENDITURE)**
**Transfers between funds**
11
**Net movement in funds**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**|Unrestricted
fund
£
**647,952**
**961,033**
**18,187**
**979,220**
**(331,268)**
**(14,543)**
**(345,811)**
**964,049**
**618,238**|Restricted
funds
£
**174,035**
**71,210**
**-**
**71,210**
**102,825**
**14,543**
**117,368**
**11,236**
**128,604**|**2023**
**Total**
**funds**
**£**
**821,987**
**1,032,243**
**18,187**
**1,050,430**
**(228,443)**
**-**
**(228,443)**
**975,285**
**746,842**|2022
Total
funds
£
887,930
1,118,263
-
1,118,263
(230,333)
-
(230,333)
1,205,618
975,285|
|---|---|---|---|---|
The notes form part of these financial statements
Page 5
**THE GOOD GYM**
## **BALANCE SHEET 31ST AUGUST 2023**
|Notes
**FIXED ASSETS**
Tangible assets
8
**CURRENT ASSETS**
Debtors
9
Cash at bank
**CREDITORS**
Amounts falling due within one year
10
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**NET ASSETS**
**FUNDS**
11
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|Unrestricted
fund
£
**963**
**116,907**
**599,839**
**716,746**
**(99,471)**
**617,275**
**618,238**
**618,238**|Restricted
funds
£
**-**
**-**
**128,604**
**128,604**
**-**
**128,604**
**128,604**
**128,604**|**2023**
**Total**
**funds**
**£**
**963**
**116,907**
**728,443**
**845,350**
**(99,471)**
**745,879**
**746,842**
**746,842**
**618,238**
**128,604**
**746,842**|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|
|---|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2023.
The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 2023 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 24th May 2024 and were signed on its behalf by:
J R Ashcroft - Trustee
The notes form part of these financial statements
Page 6
**THE GOOD GYM**
## **CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST AUGUST 2023**
|Notes
**Cash flows from operating activities**
Cash generated from operations
1
Net cash used in 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**|**2023**
**£**
**(278,043)**
**(278,043)**
**(1,008)**
**(1,008)**
**(279,051)**
**1,007,494**
**728,443**|2022
£
(27,615)
(27,615)
(849)
(849)
(28,464)
1,035,958
1,007,494|
|---|---|---|
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 2023**
|**1.**|**RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM**|**OPERATING ACTIVITIES**|**OPERATING ACTIVITIES**|
|---|---|---|---|
|||**2023**|2022|
|||**£**|£|
||**Net expenditure for the reporting period (as per the Statement of Financial**|||
||**Activities)**|**(228,443)**|(230,333)|
||**Adjustments for:**|||
||Depreciation charges|**1,020**|1,282|
||(Increase)/decrease in debtors|**(62,234)**|181,666|
||Increase in creditors|**11,614**|19,770|
||**Net cash used in operations**|**(278,043)**|(27,615)|
## **2.**
## **ANALYSIS OF CHANGES IN NET FUNDS**
|**Net cash**
Cash at bank
**Total**|At 1.9.22
£
**1,007,494**
**1,007,494**
**1,007,494**|Cash flow
£
**(279,051)**
**(279,051)**
**(279,051)**|**At 31.8.23**
**£**
**728,443**|
|---|---|---|---|
||||**728,443**|
||||**728,443**|
The notes form part of these financial statements
Page 8
**THE GOOD GYM**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2023**
## **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
Member donations
Grants received, included in the above, are as follows:
Other grants|**2023**
**£**
**354,975**
**161,294**
**61,499**
**244,219**
**821,987**
**2023**
**£**
**354,975**|2022
£
350,328
215,541
47,500
274,561|
|---|---|---|
|||887,930|
|||2022
£
350,328|
continued...
Page 9
**THE GOOD GYM**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST AUGUST 2023**
## **3. CHARITABLE ACTIVITIES COSTS**
|Charitable activities
**4.**
**SUPPORT COSTS**
Management
Finance
£
£
Other resources expended
**187**
**-**
Charitable activities
**3,089**
**765**
**3,276**
**765**
**5.**
**NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets|Direct
Costs
£
**1,010,274**
Depreciation
£
**-**
**1,020**
**1,020**|Support
costs (see
note 4)
£
**21,969**
Governance
costs
£
**18,000**
**17,095**
**35,095**
**2023**
**£**
**1,020**|Totals
£
**1,032,243**|Totals
£
**1,032,243**|
|---|---|---|---|---|
|||||Totals
£
**18,187**
**21,969**|
|||||**40,156**|
|||||2022
£
1,282|
## **6. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31st August 2023 nor for the year ended 31st August 2022.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31st August 2023 nor for the year ended 31st August 2022.
## **7. STAFF COSTS**
|**STAFF COSTS**|||
|---|---|---|
|Wages and salaries
Other pension costs
The average monthly number of employees during the year was as follows:
Full time staff|**2023**
**£**
**507,272**
**10,257**
**517,529**
**2023**
**15**|2022
£
508,959
8,849|
|||517,808|
|||2022
15|
No employees received emoluments in excess of £60,000.
continued...
Page 10
**THE GOOD GYM**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST AUGUST 2023**
|**8.**
**TANGIBLE FIXED ASSETS**
**COST**
At 1st September 2022
Additions
At 31st August 2023
**DEPRECIATION**
At 1st September 2022
Charge for year
At 31st August 2023
**NET BOOK VALUE**
At 31st August 2023
At 31st August 2022
**9.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other debtors
**10.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Social security and other taxes
VAT
Other creditors|**2023**
**£**
**116,907**
**2023**
**£**
**7,707**
**67,189**
**24,575**
**99,471**|Computer
equipment
£
**10,412**
**1,008**
**11,420**
**9,437**
**1,020**
**10,457**
**963**
975
2022
£
54,673
2022
£
11,626
53,639
22,592
87,857|
|---|---|---|
||||
continued...
Page 11
**THE GOOD GYM**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST AUGUST 2023**
## **11. MOVEMENT IN FUNDS**
|**MOVEMENT IN FUNDS**||||
|---|---|---|---|
|At 1.9.22
£
**Unrestricted funds**
General fund
**964,049**
**Restricted funds**
Lottery Community Fund - Digital Fund
**10,236**
Sport England - Core Market
**-**
Rayne Foundation
**-**
London marathon Charitable Trust
**-**
London Borough of Kingston
**1,000**
Masonic Charitable Trust
**-**
Big Lottery Climate Fund Earth Watch
**-**
**11,236**
**TOTAL FUNDS**
**975,285**
Net movement in funds, included in the above are as follows:
**Unrestricted funds**
General fund
**Restricted funds**
Lottery Community Fund - Digital Fund
Sport England - Core Market
Rayne Foundation
London marathon Charitable Trust
London Borough of Kingston
Masonic Charitable Trust
Big Green Micro Grant
Big Lottery Climate Fund Earth Watch
**TOTAL FUNDS**||Net
movement
in funds
£
**(331,268)**
**(24,779)**
**91,113**
**41**
**10,000**
**(32)**
**11,324**
**15,158**
**102,825**
**(228,443)**
Incoming
resources
£
**647,952**
**-**
**91,113**
**30,000**
**10,000**
**-**
**20,000**
**250**
**22,672**
**174,035**
**821,987**||
|||||
|||||
continued...
Page 12
**THE GOOD GYM**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST AUGUST 2023**
## **11. MOVEMENT IN FUNDS - continued**
## **Comparatives for movement in funds**
|Net
movement
At 1.9.21
in funds
£
£
**Unrestricted funds**
General fund
637,777
(105,090)
**Restricted funds**
Lottery Community Fund - Digital Fund
37,570
(21,939)
Lottery Community Fund - Building
Connections
29,827
10,495
Sport England - Core Market
32,753
(96,033)
Big Lottery Fund
443,256
11,000
Norfolk CF
10,000
-
Rayne Foundation
-
424
Neighbourly Grant
229
-
London marathon Charitable Trust
14,206
(30,190)
London Borough of Kingston
-
1,000
567,841
(125,243)
**TOTAL FUNDS**
1,205,618
(230,333)
Comparative net movement in funds, included in the above are as follows:|Transfers
between
funds
£
431,362
(5,395)
(40,322)
63,280
(454,256)
(10,000)
(424)
(229)
15,984
-
(431,362)
-|At
31.8.22
£
964,049
10,236
-
-
-
-
-
-
-
1,000|
|---|---|---|
|||11,236|
|||975,285|
||||
|**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)|
continued...
Page 13
**THE GOOD GYM**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST AUGUST 2023**
## **12. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31st August 2023.
Page 14
**THE GOOD GYM**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST AUGUST 2023**
|**INCOME AND ENDOWMENTS**
**Donations and legacies**
Grants
Corporate partners
Branch contracts
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
**Governance costs**
Accountancy
Carried forward|2023
£
**354,975**
**161,294**
**61,499**
**244,219**
**821,987**
**821,987**
**507,272**
**10,257**
**370,201**
**2,485**
**16,513**
**28,952**
**57,747**
**4,419**
**4,695**
**7,733**
**-**
**1,010,274**
**187**
**136**
**327**
**2,626**
**-**
**3,276**
**765**
**-**
**765**
**1,020**
**5,900**
**5,900**|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
3,900
3,900|
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 2023**
|**Governance costs**
Brought forward
Legal and professional fees
Total resources expended
**Net expenditure**|2023
£
**5,900**
**29,195**
**35,095**
**1,050,430**
**(228,443)**|2022
£
3,900
64,160
68,060
1,118,263
(230,333)|
|---|---|---|
This page does not form part of the statutory financial statements
Page 16