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2023-11-30-accounts

The FA￿ Gym CIO- Re8Sstered Chlrlty Number 1202542 Trugtees, Annual Report Reportimg ptrlod: 2913r23 - 3011 In3 l. Objectives and Ae¢fvlties Thc primary objectiiie of Th¢ FAST G)'m CIO is to upgradc and refurbish dilapidoied faciliiies lo nillk"¢ Ihem suitsble for conducting ph}'sical educalion and ¢vaLhin¥ Llussc& with a focus on 5¢rving the l(Kal community. During ihe rcp)rting periixl. we aimed w raip 5uITicicnt funds io achieve these improv¢m¢nts and succe&sfully carried out key relurbi5hmeni actii'ities. We have alw SOUBht to provide free coachin8 S¢Ssions for yvuth5 Irom disadvantaged backgrounds in the arca. Nthich is d¢pendent on securing athlilion41 lundin¥. 2. Aehlev¢m¢nts Ind Performance l)urin¥ thc year, we made substaniial progrus towards our objcctivcs: Renied oul S￿rC iyithin Ihc facilit). lo b)enerale incom¢, w'hilh ￿cn cntirely rcinirested into renlal cosw building d￿rnI10n. and upgrading essential parts of the Applied for assistance from a bid-wrilin8 com￿nY to help with securing larger tundinby Op￿)mIni11¢s. Allenclcd various rneetinBS with Salford CVS lo explore furthcr opwrtunities for funding. Submiiied multiple funding applications alm￿ at enablin8 us lo ¢omm¢n¢e ncw projects. Much of Ihc planned ￿'Ork On the building has noN' been complcted. w'ith the notsble LXLepiivn vl. Ihc roof, w'hich remains oUts￿ndIng challen¥e lor w'hich V•'C still fundraising. We arc also aivaitiiig fundinbi opproval i() iniliul¢ our frcc LoMchin8 projcct5 larged al }ouths from disad￿.&￿18¥cd buck¥round5, which will offeT Oplxlrtunilies for ￿rsonal d¢velvpm¢nl and ph)'sical filne&s, 3. FiDnei#l Revlew. All tunds raised have been speni direcily on Ihe refurbishment and maint¢nance of the facility. Our rthilal incvmc ha5 bccn lujly allocated to.. R¢ni pa>'menis lor the facilitv spacc. Decorniion and building upgra(ks. We coniinuc to pursue further fLmding to con)plele the roof repairs and ￿ suprK)rt our yO￿h coachin¥ programs.

  1. Publ1¢ Benefit The w'ork carried out b), The FAST G)rm CIO proi'ides clear public bencfils. including offering l(*al resid¢nls ¢0 a w¢ll-m#iniuincd sVOrt5 laLilil>' and Lfc41ting opwrtunitics for Irec ph)'sical coaching for disadvantsged vouth in lh¢ wmmunity. B). improi'ing the facility and enhancing th¢ services we offer. we oim to make a la￿Ing JKJSltive impact on ihe h¢AIth and wcll-bcing ot" local ro8idenL8.
  2. Structure. CoverDxttce, Ind Mn4g¢m¢nl 'Ibere have been no Chan￿5 in the strLKlure. 8oveman¢¢. or managemcnt of the charity during the ￿p(￿ing tKriod. Th¢ Ch￿IlY continue5 to be overseen b}, Ihe following Irustccs: Ihrttn Sherlock. Chair Illehnl Ilimlin. SeL'retary JonA¢han Dyke. Tre￿8￿reT Additionally, thre¢ wolunl¢er Loachcs have bccn recruit¢d and l)11%4he¢ked Ihrough Salford CVS. Ihesc Louches w'ill assi8t in the wnr)iiig of classes onc¢ our frcc )'outh coachinb. projects commence.
  3. Rbk Mn8ement The trLlStee8 regularl>. review th¢ main risks facoj by the charity, particularly finan¢iAI risks ass(K,14t￿l V•'ith securing adequale funding. Sieps have ken lak¢n lo miligat¢ thcsc risk5 by applving for i'arious grnnLq and ¢n¥a8ing prt)f¢s5ional 5UPIKIrt in thc fomi of a bId-￿rIting seri'ice. l)ur relianc¢ on Tcnlal income also presents a risk. 4nd w¢ wnlinu¢ lo sc¢k divcryc funding 8tr¢anL8 lo secure Ihe charii) s fulur¢,
  4. lor ibe Fulure L4)okin8 forward. The FAST Gym CIO has several key obje¢liv¢s: 8ecurinu ik nKe55ary funding io complete the roof repairs. LaunLhing our frce coachin& programs t'or locul youth& whi¢h will bc dcpcndcnt the oulci)Ine nl"¢urr¢nl luncling MppliLations. Conlinuin¥ lu s¢ck ¥rants and 5UPPOrt from i'arious sour¢es lo enhance our abilily Io deliver services lo the ¢ommwiily. We rcmain committed to our mission of pr()%'iLling aLCCYiiblc phvsical actiiiry, and S￿rtS oa¥hing ￿ thL￿¢ in nccd. partiiularl), targeting diSadvan￿￿ed youth in th¢ lo¢al a ¢¥lgned ora behalf of the trujtees Ov (TIL45Jufti)

Section B Statement of assets and liabilities at the end of the period Unrg•tri<tad lund R¢4lrl¢lwl lundi C•ttyorfe D•tsl fiin 81 C••h lund• Tot•1 c•h lund 704 lthre•irlct•d fund• 10 t R••trlcl•d Endp¥rtn•nt DÈtal 82 Oth•r mon•lary 4•••1• CtsH• ID¥Ah ¢o•l B3 Invwlm•nt M•l• Cwmrt ¥th• 4 A•••ts r•l•ln•d lor th• ¢harlty'• o¥m u to Neh 85 U•blllll•• by 10 biJ*•i f SvJnutur• Prrf N•m• Oste roval O Shet CCXX ISSI 1710m4

CHARIIY COMM15510N FO ÉtrI&LAND AND WALES Th• f#¢ Gym CIO Itoz ments accounts Recei tsand CC16a 29 032023 30113Q3 Section A Receipts and payments Vnre8trl¢lod lunds Re&tsi¢(cd luThd• E[￿￿¥111¥1 lund• L•￿ y•w AR) 21,000 fl¥•¥ Ir￿￿ 4J1 431 V17 i&iJi 1J.131 174 I&New Tf•wI 242 Sub totsl 22,J41 A4 A￿ •nd In￿¢m• Sub tstal 22.141 22,641 N•¢ oer•cdptsl{p•ym•nts) A5 Tran8fer• b•iw••n fLmdB A6 C••h lund8 l••t y••r •nd sh funds thls y•r •nd Qfj9 ££££ CCYX Rl act￿nIs18s1 17mV2024