## **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