Charity registration number.. 107347 Fitmoms & Kids known as Fitmoms Annual Report and Financial Stalemenls for the Year Ended 31 March 2023 Fitmoms & Kids known as Fitmoms Contents (continued) Reference and Administralive Details Trustees, Report 2to4 Statement of Trustees, Responsibilities Independent Exaininer'5 Report Statement of Financial Activities Balance Sheet Notes lo the Financial Slalements 9t0 18 Fitmoms & Kids known as Fitmoms Reference and AdminAStrative Details Chairman Miss Leanne Evans Trustees Miss Lesley Dowey Miss Leanne Evans Mrs Zena Reid Miss Julie Preston Ch¥rity Registratlon Number 107347 Prineipal OffJ¢e 3 Portland Avenue Glengyonnley Newtownabbey Co Anirim BT36 SEY Independent Examiner Tony Mc Clemenls Independenl Exaininer J A Mc Clenients & Co Uiii125b Ballymeiia Business Centre 62 Fenaghy Road Galgorm Ballymena Co Antrim BT42 1 FL Page I Fitmoms & Kids known as FAtMoms Trustees, Report The trustees present the annual report together with ihe financial statements of the charity for the year ended 31 March 2023. Objeeltves and activities Objects and alms Provision of fitness Classes, Gyin facalities. recreational activities, children's safe playroom, support groups and other tneans as considered appropriate to ihe needs of service users. provision of prograrnmes and activities designed to proinote their self-esteein. The aim of the charity is Io Promote the physical and emotional wellbeing of women and in particular, but not exclusively mothers and carers of children of autism or other relayed communication and behavioural disorders and women who feel socially isolated in the NeW(ownabbey area of Belfast and the surrounding districl('Ihe area of benefit,) ihrough the provision or ritness classes, Lym facilities, recrealional activities. children's sale playroom, support groups and by any other means as the Trustees shall consider appropriate; to promote the physical and emotional healt of Children and young people and in particular, bul not exclusively those with avlism and other related communication and behavioural disorders or obesity through the provision of proyammes and activities designed to proinoie self-esteeii). Publlc benefll The orbianisation is atteinpting 10 bring groups of socially isolated womenlogether. redUcin￿reMoving social isolation, improvingy self-esteeiii and fcelings of self wortl), reducing iiicidence of loneliness, improving mental healih. it is supporting families wilh children with special needs such as aulisin and other comples needs. Fit moms & Kids has existed since 2014, initially a5 a voluntary group, becoming a business in 2015. the organisation has grown exponentially since. and has to date helped hundreds of socially disadvantaged women and fainilie5,' many of these have written leslimonials, encouraged others to join in and participate, further increasing the reach of the organisation. The organisation coiitiiiues lo grow, and is now looking for larger premises, developing a management team, insligating new projects and partnerships with third party agencies, as well as increasing ineinbership and volunteer opportunities. None has been identified: the organisation exists to alliviate risk of hann both physically and mentally. Any meinber of Ihe public , who Inay approach the organisalion. Basis of need is assessed by infornial personal interview to deterniine health stalus, actual need, and that personal issues genuinely exist rather than seeking a cheap gyin option. There is no private benefit to any member , trustee or other individual. The trustees confinn that they have complied with the requireinenis of section 17 of the Charilies Act 2011 10 have du¢ regard lo the public benetil guidance published by the Charity Commission for England and Wales. Structure? governance and management alure ofgoveriilngy documenl Constitution Page 2 Fitmoms & Kids known as Fitmoms Trustees, Report (continued) Financial instruments Objectives andpolicles The charity's activities expose it to a number of financial risks including credit risk, cash flow risk and liquidity risk. The use of financial dcrivatives is governed by the charity's policies approved by the board of trustees. wl)ich provide wrtiten principle5 on the use of financial derivatives to manage Ihese risks. The charity does not use derivative financial instruments for speculative purposes. Cashflow rlsk Thc charity's activities expose it priniarily to the fiiiancial risks of changes in foreign currency exchange rates and interest rates. The charity uses foreign exchanb7e fonvard contracls and interest rate swap contracts to hedge these exposures. nteresl bearing asseis and liabililies are held at fixed rate 10 ensure certainty of cash flows. Credll rlsk The charity's principal finanLial assets are bonk balances and cash, trade and other receivables, and investments. The charity's credit risk 1.% primarily altributable lo its trade receivables. The amounts presented it) the balance sheet are net of allowances for doubtful receivables. An allowance for iinpairn)ent is Inade where there is an idenlificd loss event which, based on previous experience, is evidence of a reduction in the recoverability of the cash flows. The credit risk on liquid funds and derivative financial instrnments is limited because the counterparties are banks with high credil-ralings assigyned by international credit-raling agencies. The charity has no 5ib?nificai)t concentration of credil risk, wilh exposure spread over a large number of ounterparties and cu5toiners. Llquldlty ri.sk n ord¢r to maintain liquidity lo ensure that sutyicient funds ar¢ available for ongoing operations and future developments, the cl)arity uses a mixture of long-lerin and short-lerm debi finance. Further delails regarding liquidity risk can be found in the Stalement of accounting policies in the financial statements. The annual report was approved by the trustees of the charity on 14 December 2023 and signed on ils behalf by: Miss Lesley Dowe Trustee Miss Leanne Evans Chainnan and trustee Page 3 Fitmoms & Kids known as Fitmoms Trustees, Report (continued) Mrs Zena Reid Trustee Miss Julie Presion Truslee Page 4 Fitmoms & Kids known as Fitmoms Independent Examiner's Report to the trustees of Fitmoms & Kids I report lo the tNstees on my examination of the accounts of Fitmoms & Kids for the year ended 31 March 2023. Responsibilities and basis of report As the charity trustees of Fitmoms & Kids you are responsible tor the preparation of the accounls in accordanc¢ with the requirements of the Charities Act 2011 ('Ihe Act,). I report in respect of my examination of the Fitmoms & Ktds's accounts carried out under section 145 of the 201 l Act and in carrying out Illy exaininalion I have followed all the applicable Direclions given by the Charity Commission under section 145(5){b) of Ihe Act. Independent examiner's statement I have compleled my examination. I confirm that no material maners have coine to my attention in connection wilh the examination giving me cause lo believe that in any material respect- l. accounting records were not kept in respect of Fitmoms & Kids as required by section 130 of the Aci,. or 2. the accounts do not accord wilh those records; or 3. the accounts do i)01 coinply with the accounting requireinents conceminb the form and conient of accounts set out in the Charities (Accounts and Reports) Regulalioi)s 2008 ollier than any requireii)ent Ihal the accounts giive a 'true and fair view, wl)ich is not a matter considered as part of an independent examination. have no concerns and have come aLr05s 110 other Inalters in connection with the examination to which attention should be drawn in iliis report in order to enable a proper understanding of the accounts to be reached. J A Mc Clements & Co Independent Exaininer FCPA J A Mc Clements & Co Unit25b Ballymena Business Centre 62 Fenaghy Road Galgorn) Ballymena Co Antrim BT42 IFL 14 December 2023 Page 6 Fitmoms & Kids known as Fitmoms Statement of Financial Activities for the Year Ended 31 March 2023 Unrestricted funds Tolal 2023 Note Ineome and Endowments from: Donations and legacies Other trading activities Total income 34,537 10.085 34,537 10,085 44,622 44,622 Expenditure on; Raising funds Charitable activities {51,213) (14,571) (51,213) 14,571) Total expenditure (65,784) (65,784) Nel expenditure (21,162) (21,162) Net moveinent in funds (21.162) (21,162) Recon¢ili#tion of funds Total funds broughi forward 42,921 42,921 Tolal funds catTied forward 21,759 Unrestricted funds 21,759 Total 2022 Nole Income and Endowmenls from: Donations and legacies Other trading activities 45,367 14,010 45,367 14,010 Total income 59,377 59,377 Expenditure on: Raising funds Charitable activities Other expenditure (38,730) (1,437) (200) (38,730) {1,437) 200) Total expenditure (40,367) (40,367 Nel income 19,010 19,010 Net movement in funds 19,010 19,010 Reconciliation of fund5 Tolal funds brought forward 23,911 23,911 Total funds carried forward 15 42,921 42,921 All of the charity's activities derive from continuing operation5 during the above two periods. The funds breakdown for 2022 is shown in note 15. The notes on pages 9 to 18 forni an integral part of these financial statements. Page 7 Fitmoms & Kids known as Fitmoms (Registration number: 107347) Balance Sheet as at 31 March 2023 2023 2022 Note Fixed assets Tangible assets 21.365 17,255 Current assets Debtors Cash ai bank and in hand 12 13 61 26,005 1,321 1,321 26.066 Creditors: Amounts falling due wilhin one year Net current assets 14 {927) (400) 394 25,666 Net assets 21.759 Funds of the churity: Unrestricted income funds Unrestricted funds 21,759 42,92 Total funds 15 21,759 42,921 The financial stalemenis on pages 7 to 18 were approved by the trustees, and authorised for issue on 14 December 2023 and signed oli their behalf by.. Miss Lesley Dowey Truslee Miss Leanne Evans Chairman and trustee The notes on pages 9 to 18 fonn an integral part of these financial statements. Page 8 Fitmoms & Kids known as Fitmoms Notes to the Finaneial Statements for the Year Ended 31 March 2023 l Accounting policies Stalement of compllanee The financial stalemenis have been prepared in accordance with Accounting and Reporting by Charities.. Stateinent of Recoinmended Praclice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) {eflective l January 2015) - (Charities SORP (FRS 102)). the finaiicial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and ihe Charities Act 2011. Basis of preparation Filmoms & Kids meets the definition of a public benefit entity uiid¢r FRS 102. The accounts (financial stateinents) Iiave been prepared under the historical cost convention wilh items recogiiised al cost or transaction value unless otherwise sialed in the relevant note{s) lo these accounts. Going concern The trustees consider that Ihere are no material uncertainlies about the charity's ability lo continue as a going concern. Income and endowments Voluntary incorne ii)cluding doiiations, gift5, le&iacies and grants that provide core funding or are of a general nature is recogni5ed when Ihe charity has entitlement lo the income. it is probable that Ihe income will be received and the ainounl can be Ineasured with sufficieni reliability. Granls recelvable Grants are recognised when Ihe charity has an entiilemenl lo the funds and any coiiditions linked to the grants have been met. Wliere perfonnance conditions are attached to the grant and are yel to be met, th¢ incoine is recognised as a liability and included on ihe balance sheet as deferred income to b¢ rel¢as¢d. Expenditure All exp¢nditure is recognised once there is a legal or constructive obligation io that expenditure, it is probable settlemenl is required and Ihe amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate 5iinilar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis con51Stent with the use of resources, with central staff costs allocated on the basis of time spent. and depreciation charges allocated on the portion of the asset's use. Other support costs are allocated based on the spread of staff cost5. Ralsingfund These are costs incurred in attraciing voluntary income, Ihe management of iiivestments and those incurred in trading activities that raise funds. Charitable acliviiles Charitable expendi￿re comprises ihose costs incurred by the charity in the delivery of its activities and services for its beneficiaries. li includes boih cosls that can be allocated directly to such activities and those costs of an indirect nature necessary to support ihem. Page 9 Fitmoms & Kids known as Fitmoms Notes to the Financial Statements for the Year Ended 31 March 2023 (continued) Graiil provlslons Provisions for grants are Inade when the intention to make a grant has been commiinicated to the recipient bul there is uncertainly about either ihe timing ot Ihe grant or the ainount of grant payable. Support costs Support costs include central funciions and have been allocaled to activity cost categories on a basis consistent wilh the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage. Taxation The charity is considered to pass the tests set out in Paragraph I Schedule 6 of the FiT]ance Act 2010 and therefore il Ineels the definition of a chariiable coinpany for UK corporation tax purposes. Accordingly, the charity is potentially exeinpt from taxation in respect of incoine or Capital gains received within categories covered by Chapier 3 Part I l of the Corporalioij Tax Act 201 O or Section 256 of the Taxalion of Chargeable Gains Aci 1992, to the extent thal such income or gains are applied ¢x¢lusiv¢ly lo charilable purposes. Tangible fixed assets Individual fixed assets costing £0.00 or Inore are initially recorded at cost. Depreciation and amortisation Depreciation is provided on tangible fixed assets so as to write off ihe cost or valualion. less any eslimated residual value, over their expected useful economic life as follows: Asset class Equipment Depreciation method and rate 20 % Straig,ht Lne Tr#de debtors Trade debtors are amounts due from customers for merchandise sold or service5 perfornied in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest Inetl)od, less provision for impairmenl. A provision for the irnpairment of trade debiors is eslablished when there is objective evidence thal the charity will not be able to collect all amount5 du¢ according to the original lenns of the receivables. Cash and cash equivalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-tenn highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. Page 10 FAtMoms & Kids knoivn as Fitmoms Notes to the Financial Statements for the Year Ended 31 March 2023 (eontinued) Borrowings Inl¢resl-bearing borrowings ar¢ inilially recorded at fair value, net of transaction costs. Inleresi-bearing borrowings are subsequently carried at al￿OrtiSed cost, with tlie difference between the proceeds, net of transaction costs, and the amouni due on redeiiipiion being recogtiised as a charge lo the Slaieinent of Financial Aclivities over the period of the relevant borrowing. Inleresl expense is recognised on the basis of the effective interest method and is ii)cluded in inlerest payable and similar charges. Borrowings are classified as current liabililies unless ihe charity has an unconditional right to defer selllement of the liability for al least Iwelve months after the reporting date. Fund structure Unrestricted iiicoine fvnds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity. Financigl instruments Cla.s,slflcallun Finaiicial assels and fin