Fitmoms & Kids known as Fitmoms Trustees, Report The iyuslees present the annual report togeiher with the financial statements of the charity for the year end¢d 31 March 2023. Objectives and activities Objecl.s and alnts Provision of fitness Classes, Gym facalities, recreational activities, children's safe playroom, support groups and other means as considered appropriate to the needs of service users; provision of prograinmes and activities designed to proinole their self-esteem. The aiin of the charity is to proinote the physical and emotional wellbeing of M'omen and in particular, but not exclusively . mothers and carers ot. children of autism or other relayed cominunicalion and behavioural disorders and women who feel socially isolated in the NeOwnbbeY area of Belfast and ihe SUOUnd]ftg district('the area of benefit,) through the provision of fitness classes. gym facilities, recrealional activities, children's safe playrooiii, support groups and by any other means as tlle Trustees shall consider appropriate. to proinote the physical and emotional heali of children and young people aiid in particular, but not exclusively Ihose with autisin and other related communication aiid behavioural disorders or obesity through the provision of programmes and activilies designed to promote self-esteem. Pmbllc benejll The orgyanisation is attempting 10 bring groups of socially isolated woinentogether, redUcInreMoving social isolaiion, improvin&1 self-esieem aiid feelings of self worth, reducing incidence of loneliness, iniprovingy menlal health. it is supportinbi fainilies with children with special needs such as autism and other comples needs. Fit Inoms & Kids has existed since 2014, inilially as a voluntary group, becoining a business in 2015; the organisaiion has growli exponentially since, and has to date helped hundreds of socially disadvantaged women and families. many of these have writlen lestiinonials, encouraged others to join in and participate, further increasinbl ihe reach of Ihe organisation. Tlie organisation continues to grow. and is now looking for largyer premises, developing a Inanageineiit teani, i115tigiating new projects ai)d partnerships with ihird party agencie5, as well as increasing Inembership and volui)teer opportunities. None has been idenlified; the organisalion exists to alliviate risk of harn] both physically and mentally. Any member of the public , who may approach the organisation. Basis of need is assessed by inforinal personal interview to detemiine health Status, actual need, and that personal issues genuinely exist raiher than seeking a cheap gym option. There is no private benefit to any member trustee or other individual. The trusiees confirni that they have complied with the requiremenls of section 17 of the Charitie5 Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales. Slruclure* governanee and n)anagemenl alure oJgovernlng document Con511tution Page 2
Fitmoms & Kids known as Fitmoms Trustees, Report (continued) Financial instruments Objecllves andpollc.les 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 derivatives is governed by the charity's policies approved by the board of trustees, which provide written principles on Ihe use of financial derivatives to manage these risks. The charity does not use derivative financial instruinents for speculative purposes. Cash flow rl,sk The charity's activities expose it primarily to the financial risks of changes in foreign cuencY exchange rates and interest rates. The charity uses foreign exchange forward contr¢lCts and inierest rate swap conlracts to hedge these exposures. Interest bearing assets and liabilities are held at fixed rate lo ensure certainty of cash flows. Credll rlsk The cliarity's principal financial assets are bank balances and cash, trade and otlier receivables, and inveslments. The charity's credit risk is primarily attributable to its trade rec¢ivables. The aniounts presented in the balance sheet are net of allowances for doubiful receivables. An allowanLe for inipdirment is made wliere there is an identified 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 inslruii)enls is liinit¢d because the counterparties are banks with high credit-rating5 assigyned by international credit-raling) agencies. The charity has no 5igniticant concenlration of credit risk, with exposure spread over a large number of counterparties and customers. Llquidity rtsk In order to maintain liquidity to ensure that sutficient funds are available for ongoing operations and future developments, Ihe charity uses a Inixture of long-tenn and short-lerm debt finance. Further details regarding liquidity risk can be found in the Statement of accounting policies in the financial statemenls. The annual report wa5 approved by the trustees of the charity on 14 December 2023 and sigyned on its behalf by.. Miss Lesley Dow¢ Trustee Mis5 Leanne Evans Chairman and trustee Page 3
Fitmoms & Kids known as Fitmoms Trustees, Report (continued) Mrs Zena Reid Trustee Miss Julie Preston Trustee Page 4
Fitmoms & Kids known as Fitmoms Statement of Trustees, Responsibilities The trustees are responsible for preparing the trustees, report and the financial statements in accordaiice with Ihe United Kingdoin Accounting Standards (United Kingdoin Generally Accepted Accounting Practice) and applicable law and regulations. The law applicable to charities requires the truslees to prepare financial stateinents for each tinancial year which give a trne and fair view of the state of aflairs of Ilie charity and of the incoming resources and application of resources of the charity for that period. In preparing these fmancial statements. the trustees are required to.. select Suitable accounting policies and then apply them consistently: observe the Ineihods and principles in the Charities SORP., make judgements and eslimates that are reasonable and prudent; state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will contii)ue in business. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at aiiy time tlie financial position of the charity and enable them to eiisure that the finaiicial sialements comply with the Charities Act 2011, the Charities (Accounis and Reports) Reululaiions 2008, aiid the provisions of the constitution. The trustees are also responsible for safe&iuardingJ the assets of tlie charity and hence for iakiiig reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the mainlenance and integyrity of the corporate and financial infomation included on the charitable company's website. Legislation governing the preparation and disseminalion of financial statements may difter from legislation in other jurisdictions. Approved by the trustees of the charity on 14 December 2023 and signed on ils behalf by.. Miss Lesley D Trustee Miss Leanne Evan5 Chainnan and trustee Mrs Zena Reid Trustee Miss Julie Preston Trustee Page 5