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2025-04-30-accounts

Charity Registration in England and Wales No. 1207778

NAM YANG BRIGHTON

FINANCIAL STATEMENTS, TRUSTEES' REPORT

& INDEPENDENT EXAMINER'S REPORT

YEAR ENDED 30 APRIL 2025

NAM YANG BRIGHTON

CONTENTS

Page
Legal and Administrative Information 2
Trustees' Report 3
Independent Examiner's report 7
Statement of Financial Activities 8
Balance Sheet 9
Notes to the Accounts 10
Detailed Income & Expenditure Report 13

Page 1

NAM YANG BRIGHTON

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees
Principal address
Independent Examiner
Mr M M Begg – Chairman
Ms Z Adler
Mr M Evans
Mr K Hayes
Dr E A Howard-Macey
Professor D Ockwell
Dr F Trayek
37 Reading Road
Brighton
BN2 5NE
www.namyangbrighton.co.uk
C J R Chapman FCCA
McPhersons Walpole Harding
Chartered Certified Accountants
Citibase Brighton
95 Ditchling Road
Brighton
BN1 4ST

Page 2

NAM YANG BRIGHTON

TRUSTEES REPORT FOR THE YEAR ENDED 30 APRIL 2025

The Trustees present herewith their annual report together with the financial statements of Nam Yang Brighton for the year ended 30 April 2025.

Registration as a charity

Nam Yang Brighton registered as a Charitable Incorporated Organisation (CIO) at the Charity Commission on 9 April 2024. The charity’s registered number is 1207778.

Summary of the Purposes of the Charity as Set Out in Its Governing Document

The purposes of Nam Yang Brighton as outlined in our governing document are:

Our work is rooted in the belief that martial arts and mindfulness are powerful tools for fostering personal growth, social connection, and lasting positive change.

Summary of the Main Activities in Relation to the Charity’s Purposes for the Public Benefit

Through martial arts and mindfulness practice, Nam Yang Brighton works to improve physical and mental wellbeing, build resilience, and foster inclusion—particularly for those facing disadvantage or marginalisation. We provide a safe, supportive space for individuals of all ages, backgrounds, and abilities, including refugees, asylum seekers, low-income families, and adults and children with special educational needs.

Our regular classes and outreach programmes are designed to remove barriers to participation, offering high-quality instruction and a strong sense of community. We prioritise reaching those who are often excluded from traditional wellbeing services, helping them access movement, connection, and support in a welcoming environment.

This year, we’ve expanded our reach through partnerships with schools, local charities, and the NHS, while streamlining our funding processes and securing new support to sustain our work. Everything we do is rooted in the belief that everyone deserves access to movement, connection, and purpose. By supporting individuals—especially those who are marginalised—to grow in confidence and feel a sense of belonging, we help strengthen not just our members but the wider communities they’re part of.

In shaping our objectives and planning our activities for the year, the Trustees have given consideration to the duties set out in Section 17(5) of the Charities Act 2011, to have regard to public benefit. In particular, the Trustees have considered how the project's planned activities contribute to the overall aims and objects they have set.

Summary of the Main Achievements of the Charity, the Difference Made to Beneficiaries, and Wider Societal Impact

Becoming a Charity & Securing a new Brighton venue

After six years as a company limited by guarantee, transitioning to charity status in April 2024 was a major step in securing the long-term future of our club and deepening our impact on the community. In April 2024, we also relocated to a new venue in Brighton. Securing a five-year lease, which has given us stability.

Page 3

NAM YANG BRIGHTON

TRUSTEES REPORT FOR THE YEAR ENDED 30 APRIL 2025

Building Strong Foundations

With support from Sported, our Operations and Development Manager, Katina Byford-Winter, has led a comprehensive year of strategic development. In our first year as a charity, we have focused on building the internal structures that will ensure long-term sustainability and accountability.

We have streamlined our grant and funding processes and have been able to apply for grants previously unavailable to us. We have also linked with Infinity Foods as a funding partner.

One of our members ran the Brighton Half Marathon and raised funds for the club — a wonderful example of community support.Regular quarterly trustee meetings have played a vital role in ensuring the club remains aligned with our charitable objectives and have deepened trustee engagement in shaping our future.

Competitive & Event Success

Our inclusion officer and senior instructor, Sam Byford-Winter, has continued to grow our competition team, creating pathways for progression and achievement, particularly for those from marginalised backgrounds.

We hosted two inclusive interclubs with other local clubs, offering a chance for members to build experience, which some of our SEN adults and children participated in. A volunteer coach with Down syndrome also competed and helped coach kids. We also attended four interclubs run by other clubs.

Volunteering Opportunities

We now have 15 adult and teen member volunteers supporting sessions including:

Supporting SEN Children and Families

We have seen an increase in SEN children participating in our sessions — many of whom have previously struggled to access clubs elsewhere due to lack of support. Parents and carers increasingly share their appreciation for a space that offers both physical activity and belonging for children who would struggle to go elsewhere. This also helps other members learn how to support and understand SEN peers, reflecting a more realistic picture of our world.

Community Outreach

Community impact remains central to our mission, and over the past year, we’ve expanded our outreach to support a wide range of individuals through accessible and inclusive programming. Our partnerships and initiatives include:

Page 4

NAM YANG BRIGHTON

TRUSTEES REPORT FOR THE YEAR ENDED 30 APRIL 2025

Community Outreach - continued

We’ve continued our strong commitment to inclusivity by offering free training and equipment to refugees and asylum seekers, as well as subsidised or fully funded memberships for low-income families. No one is ever turned away due to financial hardship — a principle we are proud to uphold, particularly while we face a cost-of-living crisis.

Challenges and Obstacles in Our First Year as a Charity

Our first year as a registered charity has been both rewarding and demanding. One of the primary challenges has been securing funding in an increasingly competitive landscape. With the cost-of-living crisis affecting communities nationwide, many funders have shifted their priorities to urgent relief efforts, making it more difficult to access support for longer-term wellbeing and inclusion projects like ours.

This year has also been heavily process-driven, as we focused on establishing the systems, governance, and administrative foundations needed for a sustainable future. While essential, this has been a time-intensive process.

It is also the first year for our trustees in their roles, and they are still in the process of finding their feet and defining their contributions within the club. In addition, we’ve been actively reviewing areas of operational risk, including a shortage of instructors and the need for wage increases for instructors and admin staff.

Financial Overview

The CIO had an excess of Income over Expenditure of £21,212 in the year ended 30 April 2025, as shown in the Statement of Financial Activities on page 5. This incudes a donation of £11,521 from Nam Yang Brighton Community Association Limited, as disclosed in note 8 on page 12.

Our first year as a registered charity has come with both growth and important lessons — particularly in relation to funding. Despite several applications, we have not yet been successful in securing external grant funding since our transition to charitable status. As a result, we have had to draw from our financial reserves to sustain our programmes and services.

This experience has highlighted the need to reassess our approach to income generation. Over the next year, we will be reviewing our membership fee structure to ensure it remains sustainable while continuing to honour our commitment to accessibility. At the same time, we will be exploring alternative funding streams, including building partnerships with local businesses and expanding member-led fundraising initiatives.

The current economic climate presents real challenges, but it has also reinforced the importance of adaptability and creativity in how we fund our work. We are confident that, with a renewed focus on diversifying our income, we can strengthen our financial resilience and continue to grow our impact in the community.

– Looking Ahead Our hopes for the next year

Looking ahead, our primary focus will be on securing the club’s financial future. We aim to diversify our income by strengthening partnerships with local businesses, expanding fundraising opportunities within our community, and refining our membership structure to support long-term sustainability — all while remaining true to our inclusive values.

Page 5

NAM YANG BRIGHTON

TRUSTEES REPORT FOR THE YEAR ENDED 30 APRIL 2025

Looking Ahead – Our hopes for the next year - continued

We are also committed to spreading the word about the work we do, ensuring more organisations, service providers, and community leaders know who we are and who we support. By deepening our connections with those working with refugees, asylum seekers, people with SEN, and low-income families, we hope to reach more individuals who would benefit from our programmes.

Finally, we will continue developing and refining our strategic plan. This includes building on the strong foundations laid over the past year to create lasting impact through accessible martial arts, mindfulness, and movement. With our growing network of supporters and volunteers, we’re excited to take the next steps in shaping a more inclusive and resilient community.

Approved by order of the board of Trustees on 2 June 2025 and signed on its behalf by:

Mr M M Begg – Chairman

Page 6

NAM YANG BRIGHTON

INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF NAM YANG BRIGHTON FOR THE YEAR ENDED 30 APRIL 2025

I report to the charity's Trustees on my examination of the accounts of Nam Yang Brighton for the year ended 30 April 2025.

Respective responsibilities of trustees and examiner

The charity's Trustees are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act'). The Trustees consider that an audit is not required for this period under section 144(2) of the Act and that an independent inspection is needed.

It is my responsibility to:

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 the seeking of 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

I have completed my examination. I confirm that no material matters have come to my attention giving me cause to believe that in any material respect the charity has not:

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 accounts to be reached.

Chris Chapman

Mr C J R Chapman, FCCA McPhersons Walpole Harding Chartered Certified Accountants Citibase Brighton 95 Ditchling Road Brighton BN1 4ST

Date: 2 June 2025

Page 7

NAM YANG BRIGHTON

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 APRIL 2025

Notes
Income
Grants & donations,
including membership fees
5
Other incoming resources
5
Total
Expenditure
Charitable activities
5
Management & administration
5
Other expenditure
5
Total
Net (expenditure)/income
Reconciliation of funds:
Total funds brought forward
5
Net income/(expenditure)
5
Transfer between funds
5
Total funds carried forward
Unrestricted
Funds
£
113,482
14,920
128,402
101,266
5,924
-
107,190
21,212
-
21,212
-
21,212
Restricted
Funds
£
7,250
-
7,250
7,250
-
-
7,250
-
-
-
-
-
2025
Total
Funds
£
120,732
14,920
135,652
108,516
5,924
-
114,440
21,212
-
21,212
-
21,212
2024
Total
Funds
£
-
-
-
-
-
-
-
-
-
-
-
-

Page 8

NAM YANG BRIGHTON

BALANCE SHEET AS AT 30 APRIL 2025

Notes
Fixed Assets
Land & buildings
2
Equipment, fixtures & fittings
2
Current Assets
Debtors & prepayments
3
Cash at bank and in hand
Creditors
Amounts falling due within one year
4
Net Current Assets
Net Assets
Funds
Unrestricted funds
5
Restricted funds
5
Total funds
2025
Total
Funds
£
-
3,230
3,230
13,435
6,918
20,353
(2,371)
17,982
21,212
21,212
-
21,212
2024
Total
Funds
£
-
-
-
-
-
-
-
-
-
-
-
-

These Financial Statements were approved and authorised for issue by the Board of Trustees on 2 June 2025 and signed on their behalf by:

Mr M M Begg – Chairman

Page 9

NAM YANG BRIGHTON

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 APRIL 2025

1 ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.

The charity has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':

• the requirements of Section 7 Statement of Cash Flows;

Critical accounting judgements and key sources of estimation uncertainty

In preparing financial statements it is necessary to make certain judgements, estimates and assumptions that affect the amounts recognised in the financial statements. In the view of the Trustees in applying the accounting policies adopted, no judgements were required that have a significant effect on the amounts recognised in the financial statements nor do any estimates or assumptions made carry a significant risk of material adjustment in the next financial year.

Income

Income is recognised when the charity has entitlement to the funds, any performance indicators attached to the item(s) of income have been met, it is probable that the income will be received, and the amount can be measured reliably. Donations are recognised in full in the Statement of Financial Activities when entitled, receipt is probable and when the amount can be quantified with reasonable accuracy. Gift aid receivable is included when claimable.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Indirect costs, including governance costs, which cannot be directly attributed to activities are allocated directly to charitable activities, as any fundraising costs are immaterial. A breakdown of these expenses is outlined in note 3 of the financial statements.

Irrecoverable VAT is charged against the category of expenditure for which it was incurred.

Taxation

The charity is exempt from tax on its charitable activities.

Fund Accounting

General funds are unrestricted funds which can be used in accordance with the charitable objectives at the discretion of the Trustees, and which have not been designated for other purposes.

Restricted funds can only be used for particular purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. The costs of raising and administering such funds are charged against the specific fund.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Page 10

NAM YANG BRIGHTON

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 APRIL 2025

1 ACCOUNTING POLICIES (CONTINUED)

Tangible fixed assets

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual values, over their expected useful lives on the following basis:

Equipment, fixtures & fittings: 25% per year on a reducing balance basis

Debtors and prepayments

Trade and other debtors are recognised at the settlement amount after any trade discount is applied. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash at bank and in hand

Cash at bank and in hand includes cash in hand, deposits with banks and funds that are readily convertible into cash at, or close to, their carrying values, but are not held for investment purposes.

Creditors and accruals

Creditors 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.

2
TANGIBLE FIXED ASSETS
COST
At 1 May 2024
Additions
Disposals
At 30 April 2025
DEPRECIATION
At 1 May 2024
Charge for year
Eliminated on disposals
At 30 April 2025
NET BOOK VALUE
At 30 April 2025
At 30 April 2024
3
DEBTORS (ALL DUE WITHIN ONE YEAR)
Membership fees, subscriptions & donations outstanding
Other debtors
Total
Equipment,
fixtures
& fittings
£
-
4,307
-
4,307
-
1,077
-
1,077
3,230
-
2025
£
9,352
4,083
13,435
2024
£
-
-
-

Page 11

NAM YANG BRIGHTON

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 APRIL 2025

4
CREDITORS (ALL DUE WITHIN ONE YEAR)
Amounts owed to suppliers
Social security & other taxes
Other creditors
Accrued expenses
Total
5
ANALYSIS OF CHARITY FUNDS
At 1/5/2024
£
Unrestricted Funds
-
Restricted Funds
-
Total
-
6
ANALYSIS OF NET ASSETS BETWEEN FUNDS
Fixed Assets
Current Assets:
Debtors & prepayments
Cash at bank and in hand
Creditors
2025
£
1,119
-
352
900
2,371
Income
Expenditure
Transfers
£
£
£
128,402
(107,190)
-
7,250
(7,250)
-
135,652
(114,440)
-
Unrestricted
Restricted
Total
Funds
Funds
Funds
£
£
£
3,230
-
3,230
13,435
-
13,435
6,918
-
6,918
(2,371)
-
(2,371)
21,212
-
21,212
2025
2024
£
-
-
-
-
-
At 30/4/2025
£
21,212
-
21,212
2024
Total
Funds
£
-
-
-
-
-

7 TRUSTEES' REMUNERATION AND BENEFITS

None of the Trustees received any remuneration or other benefits in the year ended 30 April 2025.

8 RELATED PARTY TRANSACTIONS

Until 30 April 2024, the organisation operated through a private company limited by guarantee, Nam Yang Brighton Community Association Limited (company no. 11943582). On 30 April 2024 the company ceased trading and donated all its assets and liabilities to the charity to charity. A total of £11,521 is included in 'Donations' in these accounts, in respect of this transaction.

There were no other related party transactions in the year ended 30 April 2025.

9 GUARANTEES AND SECURED CHARGES

At 30 April 2025, the charity did not have any outstanding guarantees to third parties nor any debts secured against assets of the charity.

Page 12

NAM YANG BRIGHTON

DETAILED INCOME & EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 APRIL 2025

Income
Membership fees
Personal training income
Gym hire
Private group session
Apparel
Other income
Donations
Grants received
Interest Income
Expenditure on charitable activities
Freelance practitioners
Other freelance costs
Training equipment
Interclubs, tournaments & events
External membership fees
Rent
Repairs and maintenance
Other premises costs
Insurance
Travel and subsistence costs
Advertising and marketing
Credit card charges
Depreciation of fixtures, fittings and equipment
Management & administration
IT software and consumables
Printing postage and stationery
Telephone and internet
Subscriptions
Independent Examination fee
Charitable donations
Bank fees
EXCESS OF INCOME OVER EXPENDITURE
£
£
95,464
5,783
4,420
7,196
619
113,482
14,867
7,250
53
22,170
135,652
69,689
342
2,986
571
113
23,252
2,415
2,303
1,058
2,419
20
2,271
1,077
108,516
462
180
997
3,458
900
33
(106)
5,924
21,212
2025
£
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
2024
£
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
2024
-
-
-
-

Page 13

Issuer

McPhersons Walpole Harding

Document generated Sat, 14th Jun 2025 12:01:41 BST Document fingerprint d701445439e643cb3140f946a5b07978

Parties involved with this document

Document processed

Party + Fingerprint

Sun, 15th Jun 2025 16:21:50 BST Mon, 16th Jun 2025 11:38:27 BST

Mr Murray Begg - Signer (b7a4b9d34fc20b6b45b1a79151b5aea5) Chris Chapman - Signer (d99091b714bc214a64a9988a8817f0f7)

Audit history log

Date

Action

Sat, 14th Jun 2025 12:01:41 BST Sat, 14th Jun 2025 12:01:41 BST Sat, 14th Jun 2025 12:01:41 BST Sat, 14th Jun 2025 12:01:41 BST Sat, 14th Jun 2025 12:01:41 BST Sat, 14th Jun 2025 12:01:41 BST

Sat, 14th Jun 2025 12:01:53 BST Sat, 14th Jun 2025 12:01:53 BST Sat, 14th Jun 2025 12:01:54 BST Sun, 15th Jun 2025 16:17:45 BST Sun, 15th Jun 2025 16:21:14 BST Sun, 15th Jun 2025 16:21:50 BST Sun, 15th Jun 2025 16:21:50 BST Sun, 15th Jun 2025 16:21:51 BST Mon, 16th Jun 2025 11:37:59 BST Mon, 16th Jun 2025 11:38:27 BST Mon, 16th Jun 2025 11:38:27 BST

Envelope generated with fingerprint be90731e9cf1d074a156f93ff70a3e29 (18.133.63.166) Document generated with fingerprint f7d1322aaca8898a6d2f7b7b5ec97aea. (18.133.63.166) Document generated with fingerprint d701445439e643cb3140f946a5b07978. (18.133.63.166) Mr Murray Begg has been assigned to this envelope. (18.133.63.166) Chris Chapman has been assigned to this envelope. (18.133.63.166) Envelope has been set to automatically remind the active signer every 3 day(s). (18.133.63.166) Envelope generated Sent the envelope to Mr Murray Begg for signing Document emailed to party email Mr Murray Begg viewed the envelope (81.97.77.137) Mr Murray Begg viewed the envelope (81.97.77.137) Mr Murray Begg signed the envelope (81.97.77.137) Sent the envelope to Chris Chapman for signing (81.97.77.137) Document emailed to party email Chris Chapman viewed the envelope (77.95.178.67) Chris Chapman signed the envelope (77.95.178.67) This envelope has been signed by all parties (77.95.178.67)