The Bar Gym
Charity No. 1181706
Company No. CE016294
Trustees' Report and Unaudited Accounts
31 January 2022
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 2022.
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 (Resigned 1 February 2021) J. Randall 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 is being achieved through the continuation of a fitness programme for youths and schoolchildren at no cost to the participants.
Page 2
The Bar Gym Trustees Annual Report
Stage one is the introduction to general fitness through regular and planned exercise which has recommenced after the lifting of covid restrictions.
This is then supplemented by an explanation and coaching in the correct use of the fitness machines to help attain a better lifestyle.
Once a participant has demonstrated that these two objectives have been fully understood, and that they can be applied sensibly, there is an introduction to martial arts, its uses and activities with an emphasis on how it can improve their general well-being and confidence.
In order to measure, and document the advancement of a student in understanding and applying the above aims, examinations are held to assess and critique the student's progress.
The charity also benefits through the support of two experienced martial art trainers who have freely given their services.
ACHIEVEMENTS AND PERFORMANCE
With the gradual easing of the covid restrictions, the third year has seen a slow, but steady, re-introduction of the fitness programme. This was assisted by a martial arts exhibition, which achieved a dual purpose: a. raising funds which enabled the purchase of equipment specially designed for use in the school-aged student programme; and
b.an exhibition of martial arts with emphasis on how it contributes to general fitness and well-being.
This is now beginning to bear fruit in that we were beginning to attract new members as more of the local community became aware of our programme.
FINANCIAL REVIEW
The charity does not charge a membership fee but requests that members, who can afford do so, to make a monthly donation to the running costs of the charity. This donation is entirely voluntary and no-one is refused access to the facilities if they do not, or are unable, contribute. In addition, the majority of the members who do contribute have signed for the gift aid relief, thus enabling the charity to receive additional funds.
The trustees must thank the public for their continuing support.
PLANS FOR FUTURE PERIODS
The Trustees are confident that we can continue to reach out to the youth of Worthing, and surrounding areas, and introduce and show the advantages of our regular health and fitness programme; with the resultant positive impact this will achieve in personal health and well-being.
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
21 November 2022
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 financial statements of The Bar Gym for the year ended 31 January 2022 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 financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act.
Having satisfied myself that the financial statements 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 financial statements 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 financial statements do not accord with those records; or
-
the financial statements do not comply with the accounting requirements under section 396 of the 2006 Act other than any requirement that the financial statements give a 'true and fair' view which is not a matter considered as part of an independent examination; or
-
the financial statements 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 financial statements to be reached.
Allan Gee
Chartered Certified Accountant
9 Waterworks Cottages Hill Barn Lane Worthing West Sussex BN14 9QQ 21 November 2022
Page 4
The Bar Gym Statement of Financial Activities
for the year ended 31 January 2022
| Notes Income and endowments from: Donations and legacies 4 Other trading activities 5 Covid grants 6 Total Expenditure on: Charitable activities 7 Total Net gains on investments Net (expenditure)/income 8 Transfers between funds Net (expenditure)/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 2022 £ 51,006 4,920 14,096 |
Total funds 2022 £ 51,006 4,920 14,096 |
Total funds 2021 £ 46,493 - 17,811 |
|---|---|---|---|
| 70,022 88,458 |
70,022 88,458 |
64,304 24,551 |
|
| 88,458 - |
88,458 - |
24,551 - |
|
| (18,436) - |
(18,436) - |
39,753 - |
|
| (18,436) | (18,436) | 39,753 | |
| (18,436) 47,325 |
(18,436) 47,325 |
39,753 7,572 |
|
| 28,889 | 28,889 | 47,325 |
Page 5
The Bar Gym Summary Income and Expenditure Account
for the year ended 31 January 2022
| Income Gross income for the year Expenditure Depreciation and charges for impairment of fixed assets Total expenditure for the year Net (expenditure)/income before tax for the year Net (expenditure )/income for the year |
2022 £ 70,022 70,022 82,358 6,100 88,458 (18,436) (18,436) |
2021 £ 64,304 |
|---|---|---|
| 64,304 | ||
| 22,973 1,578 |
||
| 24,551 | ||
| 39,753 | ||
| 39,753 |
Page 6
The Bar Gym Balance Sheet
at 31 January 2022
| Company No. CE016294 Notes 2022 £ Fixed assets Tangible assets 10 24,066 24,066 Current assets Debtors 11 4,148 Cash at bank and in hand 1,095 5,243 Creditors:Amount falling due within one year 12 (420) Net current assets 4,823 Total assets less current liabilities 28,889 Net assets excluding pension asset or liability 28,889 Total net assets 28,889 The funds of the charity Restricted funds 13 Unrestricted funds 13 General funds 28,889 28,889 Reserves 13 Total funds 28,889 |
2021 £ 22,492 |
|---|---|
| 22,492 14,569 14,642 |
|
| 29,211 (4,378) |
|
| 24,833 47,325 |
|
| 47,325 | |
| 47,325 | |
| 47,325 | |
| 47,325 | |
| 47,325 |
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 2022 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 21 November 2022
And signed on its behalf by:
G.W. Burke
Trustee
21 November 2022
Page 7
The Bar Gym Statement of Cash flows for the year ended 31 January 2022
| Cash flows from operating activities Net (expenditure)/income per Statement of Financial Activities Adjustments for: Depreciation of property, plant and equipment Dividends, interest and rents from investments Decrease/(Increase) in trade and other receivables (Decrease)/Increase in trade and other payables Net cash (used in)/provided by operating activities Cash flows from investing activities Payments for property, plant and equipment Dividends, interest and rents from investments Net cash from/(used in) investing activities Net cash from financing activities Net (decrease)/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 |
2022 £ (18,436) 6,100 (14,096) 10,421 (3,243) (19,254) (7,674) 14,096 6,422 - (12,832) 14,642 1,810 1,095 1,095 |
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 |
Page 8
The Bar Gym Notes to the Accounts
for the year ended 31 January 2022
- 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.
Change in basis of accounting or to previous accounts
There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.
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
Receipt of donated goods, facilities and services
All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.
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
| Income and endowments from: Donations and legacies Other Total Expenditure on: Other Total Net income 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 4 Income from donations and legacies 5 Income from other trading activities Fundraising |
Unrestricted £ 51,006 51,006 Unrestricted £ 4,920 4,920 |
Unrestricted funds 2021 £ 46,493 17,811 64,304 24,551 24,551 39,753 39,753 39,753 7,572 47,325 Total 2022 £ 51,006 51,006 Total 2022 £ 4,920 4,920 |
Total funds 2021 £ 46,493 17,811 |
|---|---|---|---|
| 64,304 24,551 |
|||
| 24,551 | |||
| 39,753 | |||
| 39,753 | |||
| 39,753 7,572 |
|||
| 47,325 | |||
| Total 2021 £ 46,493 |
|||
| 46,493 | |||
| Total 2021 £ - |
|||
| - |
Page 11
The Bar Gym Notes to the Accounts
6 Other income
| Covid grants 7 Other expenditure Employee costs Premises costs Amortisation, depreciation, impairment, profit/loss on disposal of fixed assets General administrative costs Legal and professional costs 8 Net (expenditure)/income before transfers This is stated after charging: Depreciation of owned fixed assets 9 Staff costs Salaries and wages No employee received emoluments in excess of £60,000. |
Unrestricted £ 14,096 14,096 |
Total 2022 £ 14,096 14,096 |
Total 2021 £ 17,811 |
|---|---|---|---|
| 17,811 | |||
| Unrestricted £ 37,202 37,799 6,100 7,007 350 88,458 2022 £ 6,100 2022 37,202 37,202 |
Total 2022 £ 37,202 37,799 6,100 7,007 350 88,458 |
Total 2021 £ 1,589 18,310 1,578 3,074 - |
|
| 24,551 | |||
| 2021 £ 1,578 2021 1,589 |
|||
| 1,589 | |||
Page 12
The Bar Gym Notes to the Accounts
10 Tangible fixed assets
| Cost or revaluation At 1 February 2021 Additions At 31 January 2022 Depreciation and impairment At 1 February 2021 Depreciation charge for the year At 31 January 2022 Net book values At 31 January 2022 At 31 January 2021 11 Debtors Trade debtors Prepayments and accrued income 12 Creditors: amounts falling due within one year Trade creditors Accruals 13 Movement in funds Restricted funds: Unrestricted funds: General funds Total funds |
At 1 February 2021 47,325 47,325 |
Equipment £ - - - - - - - - 2022 £ 148 4,000 4,148 2022 £ 419 1 420 Incoming resources (including other gains/losses ) £ 70,022 70,022 |
£ 24,999 7,674 32,673 2,507 6,100 8,607 24,066 22,492 Resources expended £ (88,458) (88,458) |
Total £ 24,999 7,674 |
|---|---|---|---|---|
| 32,673 | ||||
| 2,507 6,100 |
||||
| 8,607 | ||||
| 24,066 | ||||
| 22,492 | ||||
| 2021 £ 69 14,500 |
||||
| 14,569 | ||||
| 2021 £ 3,662 716 |
||||
| 4,378 | ||||
| At 31 January 2022 £ 28,889 |
||||
| 28,889 |
Page 13
The Bar Gym Notes to the Accounts
14 Analysis of net assets between funds
| 14 Analysis of net assets between funds | |||
|---|---|---|---|
| Fixed assets Net current assets 15 Reconciliation of net debt Cash and cash equivalents Net debt |
Unrestricted funds £ 24,066 5,241 29,307 At 1 February 2021 £ |
Restricted funds £ - (418) (418) Cash flows £ |
Total £ 24,066 4,823 |
| 28,889 | |||
| At 31 January 2022 £ |
|||
| 14,642 | (13,547) | 1,095 | |
| 14,642 14,642 |
(13,547) (13,547) |
1,095 | |
| 1,095 |
16 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 2022
| Income and endowments from: Donations and legacies Other trading activities Fundraising Other Covid grants Total income and endowments Expenditure on: Employee costs Salaries/wages Premises costs Rent Light, heat and power Premises repairs and maintenance Other premises costs General administrative costs, including depreciation and amortisation Depreciation of Equipment Depreciation of Equipment leasing and hire charges Equipment repairs and maintenance General insurances Subscriptions Sundry expenses Legal and professional costs Accountancy and bookkeeping Total of expenditure of other costs Total expenditure Net gains on investments |
Unrestricted funds 2022 £ 51,006 51,006 4,920 4,920 14,096 14,096 70,022 37,202 37,202 22,000 7,672 8,127 - 37,799 - 6,100 2,505 2,171 1,680 300 351 13,107 350 350 88,458 88,458 - |
Total funds 2022 £ 51,006 51,006 4,920 4,920 14,096 14,096 70,022 37,202 37,202 22,000 7,672 8,127 - 37,799 - 6,100 2,505 2,171 1,680 300 351 13,107 350 350 88,458 88,458 - |
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 9 |
|||
| 4,652 | |||
| - | |||
| - | |||
| 24,551 | |||
| 24,551 - |
Page 15
The Bar Gym Detailed Statement of Financial Activities
| Net (expenditure)/income Net (expenditure)/income before other gains/(losses) Other Gains Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
(18,436) (18,436) - (18,436) 47,325 28,889 |
(18,436) (18,436) - (18,436) 47,325 28,889 |
39,753 |
|---|---|---|---|
| 39,753 - |
|||
| 39,753 | |||
| 7,572 | |||
| 47,325 |
Page 16