## **The Bar Gym**
**Charity No. 1181706**
**Company No. CE016294**
**Trustees' Report and Unaudited Accounts**
**31 January 2021**
**The Bar Gym Contents**
||Pages||
|---|---|---|
|Trustees' Annual Report|2 to 3||
|Independent Examiner's Report||4|
|Statement of Financial Activities||5|
|Summary Income and Expenditure Account||6|
|Balance Sheet||7|
|Statement of Cash flows||8|
|Notes to the Accounts|9 to|14|
|Detailed Statement of Financial Activities|15 to|16|
Page 1
**The Bar Gym Trustees Annual Report**
The Trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 31 January 2021.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
**Company No. CE016294 Charity No. 1181706**
## **Registered Office**
Flat 407 Gilbourne Court Guildbourne Centre Worthing BN11 1LZ
## **Directors and Trustees**
The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year:
G.W. Burke
L. Duggin R. Simmons
## **Accountants**
Allan Gee FCCA 9 Waterworks Cottages Hill Barn Lane Worthing West Sussex BN14 9QQ
## **Bankers**
Santander UK Plc 37 Chapel Road WorthingBN11 1ET
## **OBJECTIVES AND ACTIVITIES**
The promotion of community participation in healthy recreation by the provision of facilities and the coaching of fitness techniques and martial arts for the people of West Sussex.
This objective has been partially achieved in the first year through an introduction of a fitness programme for youths and schoolchildren at no cost to the participants.
Stage one has been the introduction to general fitness through regular and planned exercise.
This has been supplemented by an explanation and coaching in thecorrectbuse of the fitness machines to help attain a better lifestyle.
Once a participanthas demonstrated that these two objectives have been fully undertood, and that they can be applied sensibly, there is an introduction to martial arts, its uses and activities with an emphasis on how itcan improve theirgeneral well-being and confidene.
In order to measure, and document the advancement of a student in undertanding andapplying the above aims, examinations areheld every year to assess and critique the student's progress.
Page 2
**The Bar Gym Trustees Annual Report**
The charity hasalso benefitted through the support oftwo experienced martial art trainers who have freely given their services.
The charity has also benefitted through the support of two experienced martial arts trainers who have freely given their services at no cost.
## **ACHIEVEMENTS AND PERFORMANCE**
The first year has seen a slow, but steady, introduction of its fitness programme.
It had been anticipated this progress would continue, especially since we were beginning to attract new members as more of the local community became aware of our programme.
This success can also be adjudicated by the fact that several had demonstrated a sufficient understanding of a programmed health programme that they were ready to commence their introduction to martial arts. The charity, at present, does not have sufficient assets to introduce an investment programme.
The charity does not charge a membership fee but requests that members, who can do so, make a monthly donation.
In conclusion, it was felt that our ambitions to introduce young adults to a controlled fitness programme through martial arts was beginning to achieve a certain degree of acceptance .. and then coronavirus placed a halt on our ambitions. We have not been deterred and will start again once the pandemic has passed.
## **FINANCIAL REVIEW**
The charity does not charge a membership fee but requests that members, who can afford to, make a monthly donation to the costs of the charity. This donation is entirely voluntary and no members are refused access to the facilities if they do not contribute. As a result, the charity is entirely dependent on the continued support of the public to provide its benefits. Another, and major, source of funding is the gift aid recoverable on these donations.
It would, at this stage, be remiss not to again include comments on the impact of the coronavirus at the end of March 2020 which severely impacted on our ability to continue.
However, the situation would have been much worse but for the generosity of members who have, in many cases, continued to make monthly donations even though they cannot make use of the facilities.
## **PLANS FOR FUTURE PERIODS**
The charity's plans for the future is to initially ensure that the charity can continue with its work after the coronavirus has been eliminated or adequately controlled that we can commence our activities.
Once the future of the charity has been stabilised, it is our aim to again reach out to the youth of Worthing and surrounding areas to introduce and show the advantages of an organised and regular health and fitness programme, emphasising onthe positive impact this will have on personal well-being and general health.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102).
Signed on behalf of the board
G.W. Burke Trustee 22 January 2021
Page 3
**The Bar Gym Independent Examiners Report**
## **Independent Examiner's Report to the trustees of The Bar Gym**
I report to the charity trustees on my examination of the accounts of The Bar Gym for the year ended 31 January 2021 which comprise the Statement of Financial Activities, the Summary Income and Expenditure Account, the Balance Sheet, the Statement of Cash Flows and the related notes.
## **Responsibilities and basis of report**
As the trustees of the charity (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 charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that:
- accounting records were not kept in accordance with 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 under 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 Charities SORP (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.
Allan Gee FCCA 9 Waterworks Cottages Hill Barn Lane Worthing West Sussex BN14 9QQ 22 January 2021
Page 4
**The Bar Gym Statement of Financial Activities**
## **for the year ended 31 January 2021**
|**Notes**
**Income and endowments**
**from:**
Donations and legacies
4
Investments
5
Other
6
**Total**
**Expenditure on:**
Charitable activities
7
Other
8
**Total**
Net gains on investments
**Net income**
9
Transfers between funds
**Net income before other**
**gains/(losses)**
**Other gains and losses**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|**Unrestricted**
**funds**
**2021**
**£**
46,493
-
17,811|**Total funds**
**2021**
**£**
46,493
-
17,811|**Total funds**
**2020**
**£**
49,080
6
-|
|---|---|---|---|
||64,304
-
24,551|64,304
-
24,551|49,086
1,429
40,085|
||24,551
-|24,551
-|41,514
-|
||39,753
-|39,753
-|7,572
-|
||39,753|39,753|7,572|
||39,753
7,572|39,753
7,572|7,572
-|
||47,325|47,325|7,572|
Page 5
**The Bar Gym Summary Income and Expenditure Account**
## **for the year ended 31 January 2021**
|Income
Interest and investment income
**Gross income for the year**
Expenditure
Depreciation and charges for
impairment of fixed assets
**Total expenditure for the year**
Net income before tax for the year
**Net income for the year**|**2021**
**£**
64,304
-
64,304
22,973
1,578
24,551
39,753
39,753|**2020**
**£**
49,080
6|
|---|---|---|
|||49,086|
|||40,585
929|
|||41,514|
|||7,572|
|||7,572|
Page 6
**The Bar Gym Balance Sheet**
## **at 31 January 2021**
|**Company No.**
**CE016294**
**Notes**
**2021**
**£**
**Fixed assets**
Tangible assets
11
22,492
22,492
**Current assets**
Debtors
12
14,569
Cash at bank and in hand
14,642
29,211
**Creditors:**Amount falling due within one year
13
(4,378)
**Net current assets**
24,833
**Total assets less current liabilities**
47,325
**Net assets excluding pension asset or liability**
47,325
**Total net assets**
47,325
**The funds of the charity**
**Restricted funds**
14
**Unrestricted funds**
14
General funds
47,325
47,325
**Reserves**
14
**Total funds**
47,325|**2020**
**£**
3,000|
|---|---|
||3,000
4,905
33|
||4,938
(366)|
||4,572
7,572|
||7,572|
||7,572|
||7,572|
||7,572|
||7,572|
These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
For the year ended 31 January 2021 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
Approved by the board on 22 January 2021
And signed on its behalf by:
G.W. Burke
Trustee
22 January 2021
Page 7
**The Bar Gym Statement of Cash flows for the year ended 31 January 2021**
|**Cash flows from operating activities**
**Net income per Statement of Financial Activities**
**Adjustments for:**
Depreciation of property, plant and equipment
Dividends, interest and rents from investments
Increase in trade and other receivables
Increase in trade and other payables
**Net cash provided by operating activities**
**Cash flows from investing activities**
Payments for property, plant and equipment
Dividends, interest and rents from investments
**Net cash used in investing activities**
**Net cash from financing activities**
**Net increase in cash and cash equivalents**
**Cash and cash equivalents at the beginning of the year**
**Cash and cash equivalents at the end of the year**
**Components of cash and cash equivalents**
Cash and bank balances|**2021**
**£**
39,753
1,578
(17,811)
(9,664)
4,012
17,868
(21,070)
17,811
(3,259)
-
14,609
33
14,642
14,642
14,642|**2020**
**£**
7,572
929
(6)
(4,905)
366|
|---|---|---|
|||3,956
(3,929)
6|
|||(3,923)|
|||-|
||||
|||33|
|||-|
|||33|
||||
|||33|
|||33|
Page 8
**The Bar Gym Notes to the Accounts**
## **for the year ended 31 January 2021**
- 1 **Accounting policies**
## **Basis of preparation**
The financial statements have been prepared in accordance with 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 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
## **Fund accounting**
- Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.
- Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values.
- Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.
## **Income**
- Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.
- Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income.
- Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material.
- Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets
Page 9
**The Bar Gym Notes to the Accounts**
## **Expenditure**
- Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.
- Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs.
- Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
- Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
- Other expenditure These are support costs not allocated to a particular activity.
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Tangible fixed assets and depreciation**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:
Equipment 25% straight line
The majority of the equipment used by the charity is owned by a company domiciled in West Sussex. The equipment is leased to the charity for a nominal charge of £1 per annum.
## **Trade and other debtors**
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **Cash and cash equivalents**
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.
## **Trade and other creditors**
Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
Page 10
**The Bar Gym Notes to the Accounts**
## 2 **Company status**
The company is a private company limited by guarantee and consequently does not have share capital.
## 3 **Statement of Financial Activities - prior year**
|3
**Statement of Financial Activities - prior year**||||
|---|---|---|---|
|**Income and endowments from:**
Donations and legacies
Investments
**Total**
**Expenditure on:**
Charitable activities
Other
**Total**
**Net income**
**Net income before other**
**gains/(losses)**
**Other gains and losses:**
**Net movement in funds**
**Reconciliation of funds:**
**Total funds carried forward**
4
**Income from donations and legacies**
5
**Income from investments**|**Unrestricted**
**£**
46,493
46,493|**Unrestricted**
**funds**
**2020**
**£**
49,080
6
49,086
1,429
40,085
41,514
7,572
7,572
7,572
7,572
**Total**
**2021**
**£**
46,493
46,493
**Total**
**2021**
**£**
-
-|**Total funds**
**2020**
**£**
49,080
6|
||||49,086
1,429
40,085|
||||41,514|
||||7,572|
||||7,572|
||||7,572|
||||7,572|
||||**Total**
**2020**
**£**
49,080|
||||49,080|
||||**Total**
**2020**
**£**
6|
||||6|
Page 11
**The Bar Gym Notes to the Accounts**
## 6 **Other income**
|7
**Expenditure on charitable activities**
_Expenditure on charitable_
_activities_
_Governance costs_
8
**Other expenditure**
Employee costs
Premises costs
Amortisation, depreciation,
impairment, profit/loss on
disposal of fixed assets
General administrative costs
9
**Net income before transfers**
This is stated after charging:
Depreciation of owned fixed assets
10 **Staff costs**
Salaries and wages|**Unrestricted**
**£**
17,811
17,811|**Total**
**2021**
**£**
17,811
17,811|**Total**
**2020**
**£**
-|
|---|---|---|---|
||||-|
|||||
||**Unrestricted**
**£**
1,589
18,310
1,578
3,074
24,551
**2021**
**£**
1,578
1,589
1,589|**Total**
**2021**
**£**
-
-
**Total**
**2021**
**£**
1,589
18,310
1,578
3,074
24,551|**Total**
**2020**
**£**
1,429|
||||1,429|
||||**Total**
**2020**
**£**
11,851
22,182
929
5,123|
||||40,085|
||||**2020**
**£**
929
11,851|
||||11,851|
No employee received emoluments in excess of £60,000.
Page 12
**The Bar Gym Notes to the Accounts**
## 11 **Tangible fixed assets**
|**Cost or revaluation**
At 1 February 2020
Additions
At 31 January 2021
**Depreciation and**
**impairment**
At 1 February 2020
Depreciation charge for the
year
At 31 January 2021
**Net book values**
At 31 January 2021
At 31 January 2020
12 **Debtors**
Trade debtors
Prepayments and accrued income
13 **Creditors:**
amounts falling due within one year
Trade creditors
Accruals and deferred income||**Equipment**
**£**
-
-
-
-
-
-
-
-
**2021**
**£**
69
14,500
14,569
**2021**
**£**
3,662
716
4,378|**£**
3,929
21,070
24,999
929
1,578
2,507
22,492
3,000|**Total**
**£**
3,929
21,070|
|---|---|---|---|---|
|||||24,999|
|||||929
1,578|
|||||2,507|
|||||22,492|
|||||3,000|
|||||**2020**
**£**
-
4,905|
|||||4,905|
|||||**2020**
**£**
-
366|
|||||366|
||||||
|14 **Movement in funds**
**Restricted funds:**
**Unrestricted funds:**
**General funds**
**Revaluation Reserves:**
**Total funds**|**At 1**
**February**
**2020**
7,572
7,572|**Incoming**
**resources**
**(including**
**other**
**gains/losses**
**)**
**£**
64,304
64,304|**Resources**
**expended**
**£**
(24,551)
(24,551)|**At 31**
**January**
**2021**
**£**
47,325|
|||||47,325|
Page 13
**The Bar Gym Notes to the Accounts**
## 15 **Analysis of net assets between funds**
|15 **Analysis of net assets between funds**||||
|---|---|---|---|
|Fixed assets
Net current assets
16 **Reconciliation of net debt**
Cash and cash equivalents
Net debt|**Unrestricted**
**funds**
**£**
22,492
28,495
50,987
**At 1**
**February**
**2020**
**£**|**Restricted**
**funds**
**£**
-
(3,662)
(3,662)
**Cash flows**
**£**|**Total**
**£**
22,492
24,833|
||||47,325|
||||**At 31**
**January**
**2021**
**£**|
||33|14,609|14,642|
||33
33|14,609
14,609|14,642|
||||14,642|
17 **Related party disclosures** _**Controlling party**_
The company is limited by guarantee and has no share capital; thus no single party controls the company.
Page 14
**The Bar Gym Detailed Statement of Financial Activities**
## **for the year ended 31 January 2021**
|**Income and endowments from:**
Donations and legacies
Investments
Other
**Total income and endowments**
**Expenditure on:**
Charitable activities
**Total of expenditure on charitable**
**activities**
Employee costs
Salaries/wages
Premises costs
Rent
Rates
Light, heat and power
Other premises costs
General administrative costs,
including depreciation and
amortisation
Depreciation of Equipment
Depreciation of
Bank charges
Equipment leasing and hire
charges
Equipment repairs and
maintenance
General insurances
Information and publications
Subscriptions|**Unrestricted**
**funds**
**2021**
**£**
46,493
46,493
-
-
17,811
17,811
64,304
-
-
-
1,589
1,589
14,750
-
3,182
378
18,310
-
1,578
-
1,782
798
185
-
300|**Total funds**
**2021**
**£**
46,493
46,493
-
-
17,811
17,811
64,304
-
-
-
1,589
1,589
14,750
-
3,182
378
18,310
-
1,578
-
1,782
798
185
-
300|**Total funds**
**2020**
**£**
49,080|
|---|---|---|---|
||||49,080|
||||6|
||||6|
||||-|
||||-|
||||49,086
1,429|
||||1,429|
||||1,429
11,851|
||||11,851|
||||18,000
1,271
2,153
758|
||||22,182|
||||-
929
543
4,184
-
106
214
-|
Page 15
**The Bar Gym Detailed Statement of Financial Activities**
|**The Bar Gym**
**Detailed Statement of Financial Activities**||||
|---|---|---|---|
|Sundry expenses
**Total of expenditure of other costs**
**Total expenditure**
Net gains on investments
**Net income**
**Net income before other**
**gains/(losses)**
Other Gains
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|9
4,652
24,551
24,551
-
39,753
39,753
-
39,753
7,572
47,325|9
4,652
24,551
24,551
-
39,753
39,753
-
39,753
7,572
47,325|76|
||||6,052|
||||40,085|
||||41,514
-|
||||7,572|
||||7,572
-|
||||7,572|
||||-|
||||7,572|
Page 16