Registered number CE020067
Two Brothers Gym
Unaudited Accounts
31 December 2022
## **Two Brothers Gym Report and accounts Contents**
||**Page**|
|---|---|
|Trustees report|1|
|Independent Examiners' report|2|
|Profit and loss account|3|
|Balance sheet|4|
|Notes|5|
## **Two Brothers Gym Trustees report for the year ended 31 December 2022**
The trustees present their report and accounts for the period ended 31 December 2022.
The accounts have been prepared in accordance with the accounting policies set out in the notes to the accounts and comply with the charity's governing document, the Charities Act 2011 and the Statement of Recommended Practice, "Accounting and Reporting by Charities", issued in March 2005.
## **Structure, governance and management**
The charity was established by Constitution as a Charitable Incorporated Organisation on 18 December 2019 and was registered as a charity on 18 December 2019, charity number 1187037.
The trustees who served during the year were: K Ryan W Sword M Cossick C McKinney
The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
## **Objectives and activities**
The object of the CIO is to promote sport & healthy living through martial arts jujitsu, boxing, yoga, self-defence & Thai boxing
In setting out our objectives and planning our activities, the Trustees have complied with the duty under the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission.
## **Achievements and performance**
The charity is committed to offering to men and women across Merseyside opportunities to improve a healthy lifestyle through sport.
## **Financial review**
As a result of its activities, fundraising and donations, the charity held a surplus of £20,035 for the period.
## **Reserves policy**
It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to no less than twelve month’s expenditure. The trustees considers that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.
On behalf of the board of trustees
K Ryan Trustee Dated: 9 October 2023
## **Two Brothers Gym**
## **Independent Examiners' report to the board of trustees of Two Brothers Gym for the year ended 31 December 2022**
I report on the accounts of the for the period ended 31 December 2022 , which are set out on pages 1-5
## **Respective responsibilities of trustees and examiner**
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
## It is my responsibility to:
- (i) examine the accounts under section 145 of the 2011 Act;
- (ii) to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
- (iii) to state whether particular matters have come to my attention.
## **Basis of independent examiner's report**
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.
## **Independent examiner's statement**
In connection with my examination, no matter has come to my attention:
- (a) which gives me reasonable cause to believe that in any material respect the requirements:
- (i) to keep accounting records in accordance with section 130 of the 2011 Act; and
- (ii) to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act;
have not been met; or
- (b) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Gardiner Russell Accounting Limited Chartered Accountants 1st Floor, 2 Castle Buildings 147 - 149 Telegraph Road Heswall Wirral CH60 7SE
9 October 2023
2
## **Two Brothers Gym Profit and Loss Account for the year ended 31 December 2022**
|**Turnover**
Other income
Cost of raw materials and consumables
**Gross profit**
Staff costs
Depreciation and other amounts written off assets
Other charges
**Profit before taxation**
**Profit**|**2022**
**2021**
**£**
**£**
29,954
28,426
53,378
37,380
(3,189)
(4,971)
80,143
60,835
(6,162)
(3,357)
(6,308)
-
(64,762)
(37,443)
2,911
20,035
2,911
20,035|
|---|---|
3
## **Two Brothers Gym Registered number: CE020067 Balance Sheet as at 31 December 2022**
|Fixed assets
Current assets
Net current assets
Total assets less current liabilities
**Net assets**
**Capital and reserves**|13,785|**2022**
**£**
25,232
9,612
13,785
39,017
39,017
39,017|**2021**
**£**
26,494
9,612|
|---|---|---|---|
|||||
||||36,106|
||||36,106|
||||36,106|
The company is a private company limited by shares and incorporated in England. Its registered office is Unit 2, 20 Lord Street, Birkenhead, Merseyside, CH41 1BJ.
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared in accordance with the micro entity provisions of the Companies Act 2006 and FRS 105, The Financial Reporting Standard applicable to the Micro-entities Regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr K Ryan Director Approved by the board on 9 October 2023
4
## **Two Brothers Gym Notes to the accounts for the year ended 31 December 2022**
## **Accounting policies**
## **Basis of preparation**
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with applicable accounting standards, the Statement of Recommended Practice, "Accounting and Reporting by Charities", issued in March 2005 and the Charities Act 2011.
## **Incoming resourses from charitable activities**
||**2022**|
|---|---|
||**£**|
|Membership and training|28,426|
|**Other incoming resources**||
||**2022**|
||**£**|
|Government grants|37,380|
|**Total resources expended**||
||**2022**|
||**£**|
|Costs of charitable activities|45,771|
## **Trustees**
None of the trustees (or any persons connected with them) received any remuneration during the period, and no expenses were reimbursed.
## **Employees**
There were no employees during the year