The Bar Gym
Charity No. 1181706
Company No. CE016294
Trustees' Report and Unaudited Accounts
31 January 2024
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 | 13 |
| Detailed Statement of Financial Activities | 14 to | 15 |
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 2024.
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 J. Randall R. Simmons
Accountants
Allan Gee FCCA 15 Willow View
Catterick Village Richmond DL10 7PD
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.
Stage one is the introduction to general fitness through regular and planned exercise.
This is then supplemented by an explanation and coaching in the correct use of the fitness machines to help attain a better lifestyle.
Page 2
The Bar Gym Trustees Annual Report
Once a participant has demonstrated that these two objectives are 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
This year has seen a slight increase in participants of the fitness programme as the effects of the covid epidemic are being relaxed. In addition, the programme continues to stimulate the student's interest and understanding of martial arts which assist in maintaining the interest of students in the programme.
The positive effects are beginning to bear fruit in that we have attracted new members, especially under the age of 16, as the community becomes more aware of the benefits from 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 to, contribute. Fund-raising has also been significantly improved by the fact that the majority of the members who do contribute have signed for the gift aid relief.
Finally, the trustees thank the public for their continuing support.
PLANS FOR FUTURE PERIODS
The Trustees remain 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 01 July 2024
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 2024.
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 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:
-
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 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 financial statements to be reached.
Allan Gee FCCA 15 Willow View Catterick Village Richmond DL10 7PD
01 July 2024
Page 4
The Bar Gym Statement of Financial Activities
for the year ended 31 January 2024
| Notes Income and endowments from: Donations and legacies 4 Other trading activities 5 Other 6 Total Expenditure on: Other 7 Total Net gains on investments Net expenditure 8 Transfers between funds Net expenditure 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 2024 £ 100,160 - 2,200 |
Total funds 2024 £ 100,160 - 2,200 |
Total funds 2023 £ 86,230 2,250 - |
|---|---|---|---|
| 102,360 107,768 |
102,360 107,768 |
88,480 96,177 |
|
| 107,768 - |
107,768 - |
96,177 - |
|
| (5,408) - |
(5,408) - |
(7,697) - |
|
| (5,408) | (5,408) | (7,697) | |
| (5,408) 21,192 |
(5,408) 21,192 |
(7,697) 28,889 |
|
| 15,784 | 15,784 | 21,192 |
Page 5
The Bar Gym Summary Income and Expenditure Account
for the year ended 31 January 2024
| Income Gross income for the year Expenditure Depreciation and charges for impairment of fixed assets Total expenditure for the year Net expenditure before tax for the year Net expenditure for the year |
2024 £ 102,360 102,360 101,146 6,622 107,768 (5,408) (5,408) |
2023 £ 88,480 |
|---|---|---|
| 88,480 | ||
| 89,555 6,622 |
||
| 96,177 | ||
| (7,697) | ||
| (7,697) |
Page 6
The Bar Gym Balance Sheet
at 31 January 2024
| Company No. CE016294 Notes 2024 £ Fixed assets Tangible assets 10 10,822 10,822 Current assets Debtors 11 4,216 Cash at bank and in hand 746 4,962 Net current assets 4,962 Total assets less current liabilities 15,784 Net assets excluding pension asset or liability 15,784 Total net assets 15,784 The funds of the charity Restricted funds 12 Unrestricted funds 12 General funds 15,784 15,784 Reserves 12 Total funds 15,784 |
2023 £ 17,444 |
|---|---|
| 17,444 2,000 1,748 |
|
| 3,748 | |
| 3,748 21,192 |
|
| 21,192 | |
| 21,192 | |
| 21,192 | |
| 21,192 | |
| 21,192 |
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 2024 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 01 July 2024
And signed on its behalf by:
G.W. Burke Trustee 01 July 2024
Page 7
The Bar Gym Statement of Cash flows for the year ended 31 January 2024
| Cash flows from operating activities Net expenditure per Statement of Financial Activities Adjustments for: Depreciation of property, plant and equipment Dividends, interest and rents from investments (Increase)/Decrease in trade and other receivables Decrease in trade and other payables Net cash (used in)/provided by operating activities Cash flows from investing activities Dividends, interest and rents from investments Net cash from 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 |
2024 £ (5,408) 6,622 (2,200) (2,216) - (3,202) 2,200 2,200 - (1,002) 1,748 746 746 746 |
2023 £ (7,697) 6,622 - 2,148 (419) |
|---|---|---|
| 654 - |
||
| - | ||
| - | ||
| 654 | ||
| 1,095 | ||
| 1,749 | ||
| 1,748 | ||
| 1,748 |
Page 8
The Bar Gym Notes to the Accounts
for the year ended 31 January 2024
- 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.
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.
2 Company status
The company is a private company limited by guarantee and consequently does not have share capital.
Page 10
The Bar Gym Notes to the Accounts
3 Statement of Financial Activities - prior year
| 3 Statement of Financial Activities - prior year |
|||
|---|---|---|---|
| Income and endowments from: Donations and legacies Other trading activities 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 Covid grants 6 Other income Rent |
Unrestricted £ 100,160 100,160 Unrestricted £ 2,200 2,200 |
Unrestricted funds 2023 £ 86,230 2,250 88,480 96,177 96,177 (7,697) (7,697) (7,697) 28,889 21,192 Total 2024 £ 100,160 100,160 Total 2024 £ - - Total 2024 £ 2,200 2,200 |
Total funds 2023 £ 86,230 2,250 |
| 88,480 96,177 |
|||
| 96,177 | |||
| (7,697) | |||
| (7,697) | |||
| (7,697) 28,889 |
|||
| 21,192 | |||
| Total 2023 £ 86,230 |
|||
| 86,230 | |||
| Total 2023 £ 2,250 |
|||
| 2,250 | |||
| Total 2023 £ - |
|||
| - |
Page 11
The Bar Gym Notes to the Accounts
- 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 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. 10 Tangible fixed assets Cost or revaluation At 1 February 2023 At 31 January 2024 Depreciation and impairment At 1 February 2023 Depreciation charge for the year At 31 January 2024 Net book values At 31 January 2024 At 31 January 2023 11 Debtors Other debtors Prepayments and accrued income |
Unrestricted £ 57,475 40,366 6,622 3,305 - 107,768 2024 £ 6,622 2024 57,475 57,475 Equipment £ - - - - - - - 2024 £ 2,216 2,000 4,216 |
Total 2024 £ 57,475 40,366 6,622 3,305 - 107,768 £ 32,673 32,673 15,229 6,622 21,851 10,822 17,444 |
Total 2023 £ 44,116 36,264 6,622 8,825 350 |
|---|---|---|---|
| 96,177 | |||
| 2023 £ 6,622 2023 44,116 |
|||
| 44,116 | |||
| Total £ 32,673 |
|||
| 32,673 | |||
| 15,229 6,622 |
|||
| 21,851 | |||
| 10,822 | |||
| 17,444 | |||
| 2023 £ - 2,000 |
|||
| 2,000 |
Page 12
The Bar Gym Notes to the Accounts
12 Movement in funds
| Restricted funds: Unrestricted funds: General funds Total funds 13 Analysis of net assets between funds Fixed assets Net current assets 14 Reconciliation of net debt Cash and cash equivalents Net debt |
At 1 February 2023 21,192 21,192 |
Incoming resources (including other gains/losses ) £ 102,360 102,360 At 1 February 2023 £ |
Resources expended £ (107,768) (107,768) Unrestricted funds £ 10,822 4,962 15,784 Cash flows £ |
At 31 January 2024 £ 15,784 |
|---|---|---|---|---|
| 15,784 | ||||
| Total £ 10,822 4,962 |
||||
| 15,784 | ||||
| At 31 January 2024 £ |
||||
| 1,748 | (1,002) | 746 | ||
| 1,748 1,748 |
(1,002) (1,002) |
746 | ||
| 746 |
15 Related party disclosures
Controlling party
The company is limited by guarantee and has no share capital; thus no single party controls the company.
Page 13
The Bar Gym Detailed Statement of Financial Activities
for the year ended 31 January 2024
| Income and endowments from: Donations and legacies Other trading activities Covid grants Other Total income and endowments Expenditure on: Employee costs Salaries/wages Premises costs Rent Rates Light, heat and power Premises repairs and maintenance General administrative costs, including depreciation and amortisation Depreciation of Equipment Depreciation of Equipment leasing and hire charges Equipment repairs and maintenance General insurances Software, IT support and related costs Sundry expenses Legal and professional costs Accountancy and bookkeeping Total of expenditure of other costs |
Unrestricted funds 2024 £ 100,160 100,160 - - 2,200 2,200 102,360 57,475 57,475 28,350 2,162 8,129 1,725 40,366 - 6,622 1,219 - 2,086 - - 9,927 - - 107,768 |
Total funds 2024 £ 100,160 100,160 - - 2,200 2,200 102,360 57,475 57,475 28,350 2,162 8,129 1,725 40,366 - 6,622 1,219 - 2,086 - - 9,927 - - 107,768 |
Total funds 2023 £ 86,230 |
|---|---|---|---|
| 86,230 | |||
| 2,250 | |||
| 2,250 | |||
| - | |||
| - | |||
| 88,480 44,116 |
|||
| 44,116 | |||
| 24,000 - 9,014 3,250 |
|||
| 36,264 | |||
| - 6,622 2,822 2,750 1,997 911 345 |
|||
| 15,447 | |||
| 350 | |||
| 350 | |||
| 96,177 |
Page 14
The Bar Gym Detailed Statement of Financial Activities
| The Bar Gym Detailed Statement of Financial Activities |
|||
|---|---|---|---|
| Total expenditure Net gains on investments Net expenditure Net expenditure before other gains/(losses) Other Gains Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
107,768 - (5,408) (5,408) - (5,408) 21,192 15,784 |
107,768 - (5,408) (5,408) - (5,408) 21,192 15,784 |
96,177 - |
| (7,697) | |||
| (7,697) - |
|||
| (7,697) | |||
| 28,889 | |||
| 21,192 |
Page 15