REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
REPORT OF THE TRUSTEES AND |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 JUNE 2022 |
FOR |
OBESITY UK LTD |
(A COMPANY LIMITED BY GUARANTEE) |
REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
REPORT OF THE TRUSTEES AND |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 JUNE 2022 |
FOR |
OBESITY UK LTD |
(A COMPANY LIMITED BY GUARANTEE) |
OBESITY UK LTD |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 JUNE 2022 |
Page |
Report of the Trustees | 1 | to | 2 |
Statement of Financial Activities | 3 |
Balance Sheet | 4 |
Notes to the Financial Statements | 5 | to | 8 |
OBESITY UK LTD (REGISTERED NUMBER: 08099201) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 30 JUNE 2022 |
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 June 2022. The trustees have adopted the provisions of 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). |
OBJECTIVES AND ACTIVITIES |
Objectives and aims |
The charitable company's objectives are to promote health through the provision of information, advice and support in relation to diet, nutrition, lifestyle, fitness and physical exercise. |
ACHIEVEMENT AND PERFORMANCE |
Charitable activities, achievements and future plans |
The charity continues to face financial and operational challenges due to confused policy action by national and local government. The agreement and then withdrawal of £100m to local government by national government was very unhelpful. |
We, as a charity, are also going through a transitional phase with our leadership reviewing our board and operational leadership. We have continued to grow our partnership with Leeds Beckett University and other stakeholders and are hopeful this will support our charity to establish a more secure future. |
FINANCIAL REVIEW |
Reserves policy |
The charitable company aims to hold sufficient reserves to continue its activities. At 30 June 2022 readily available income reserves amounted to £4,488 (2021 - £8,619) of which £4,433 (2021 - £5,943) was restricted. |
STRUCTURE, GOVERNANCE AND MANAGEMENT |
Governing document |
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. |
REFERENCE AND ADMINISTRATIVE DETAILS |
Registered Company number |
Registered Charity number |
Registered office |
Trustees |
PUBLIC BENEFIT |
The trustees have had due regard to the guidance published by the Charity Commission on public benefit. |
OBESITY UK LTD (REGISTERED NUMBER: 08099201) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 30 JUNE 2022 |
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. |
Approved by order of the board of trustees on |
OBESITY UK LTD |
STATEMENT OF FINANCIAL ACTIVITIES |
(INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) |
FOR THE YEAR ENDED 30 JUNE 2022 |
2022 | 2021 |
Unrestricted | Restricted | Total | Total |
funds | funds | funds | funds |
Notes | £ | £ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies |
Charitable activities |
Health promotion and activities for generating funds | 1,763 |
- |
1,763 |
- |
Total |
EXPENDITURE ON |
Charitable activities |
Health promotion and activities for generating funds | 5,815 |
4,021 |
9,836 |
19,345 |
NET INCOME/(EXPENDITURE) | ( |
) | ( |
) | ( |
) |
Transfers between funds | 9 | 1,699 | (1,699 | ) | - | - |
Net movement in funds | ( |
) | ( |
) | ( |
) | ( |
) |
RECONCILIATION OF FUNDS |
Total funds brought forward |
TOTAL FUNDS CARRIED FORWARD | 8,986 |
OBESITY UK LTD (REGISTERED NUMBER: 08099201) |
BALANCE SHEET |
30 JUNE 2022 |
2022 | 2021 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 6 |
CURRENT ASSETS |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
NET ASSETS |
FUNDS | 9 |
Unrestricted funds | 3,043 |
Restricted funds | 5,943 |
TOTAL FUNDS | 8,986 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2022. |
The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2022 in accordance with Section 476 of the Companies Act 2006. |
The trustees acknowledge their responsibilities for |
(a) | ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. |
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. |
The financial statements were approved by the Board of Trustees and authorised for issue on |
OBESITY UK LTD |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 JUNE 2022 |
1. | STATUTORY INFORMATION |
Obesity UK Ltd is a private charitable company registered in England and Wales. The company's registered office address can be found in the Report of The Trustees. |
The charitable company is a company limited by guarantee. In the event of the charitable company being wound up any property remaining would be given to another charity with similar objects and if no property remained, the liability of the members would be limited to £10. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statements of the charitable company, 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 Companies Act 2006. The financial statements have been prepared under the historical cost convention. |
The trustees consider that there are no material uncertainties about the charitable company's ability to continue as a going concern. |
Income |
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. |
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. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost 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. |
Tangible fixed assets |
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
Computer equipment | - |
Taxation |
The charity is exempt from corporation tax on its charitable activities. |
Fund accounting |
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Designated funds are unrestricted funds that the trustees have set aside for a particular purpose. |
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. |
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. |
Donated services |
Volunteers time is not valued or included in the financial statements. |
OBESITY UK LTD |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 JUNE 2022 |
3. | NET INCOME/(EXPENDITURE) |
Net income/(expenditure) is stated after charging/(crediting): |
2022 | 2021 |
£ | £ |
Depreciation - owned assets |
Independent examiners fees | - | 1,560 |
4. | TRUSTEES' REMUNERATION AND BENEFITS |
There were no trustees' remuneration or other benefits for the year ended 30 June 2022 nor for the year ended 30 June 2021. |
Trustees' expenses |
During the year expenses totalling £NIL were paid to the trustees (2021 - £785 to one trustee). |
5. | STAFF COSTS |
The average monthly number of employees during the year was as follows: |
2022 | 2021 |
. |
6. | TANGIBLE FIXED ASSETS |
Computer |
equipment |
£ |
COST |
At 1 July 2021 |
Additions |
At 30 June 2022 |
DEPRECIATION |
At 1 July 2021 |
Charge for year |
At 30 June 2022 |
NET BOOK VALUE |
At 30 June 2022 |
At 30 June 2021 |
OBESITY UK LTD |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 JUNE 2022 |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Trade creditors |
Social security and other taxes |
Accrued expenses |
8. | ANALYSIS OF NET ASSETS BETWEEN FUNDS |
2022 | 2021 |
Unrestricted | Restricted | Total | Total |
funds | funds | funds | funds |
£ | £ | £ | £ |
Fixed assets | 1,654 | - | 1,654 | 367 |
Current assets |
Current liabilities | ( |
) | ( |
) | ( |
) |
1,709 | 4,433 | 6,142 | 8,986 |
9. | MOVEMENT IN FUNDS |
Net | Transfers |
movement | between | At |
At 1.7.21 | in funds | funds | 30.6.22 |
£ | £ | £ | £ |
Unrestricted funds |
General fund | 3,043 | (3,033 | ) | 1,699 | 1,709 |
Restricted funds |
Torbay Fund | 5,123 | (1,350 | ) | - | 3,773 |
Bognor Fund | 820 | (820 | ) | - | - |
Equipment and video recording fund | - | 2,359 | (1,699 | ) | 660 |
189 | ( |
) |
TOTAL FUNDS | (2,844 | ) | 6,142 |
Net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 2,782 | (5,815 | ) | (3,033 | ) |
Restricted funds |
Torbay Fund | - | (1,350 | ) | (1,350 | ) |
Bognor Fund | - | (820 | ) | (820 | ) |
Equipment and video recording fund | 4,210 | (1,851 | ) | 2,359 |
( |
) | 189 |
TOTAL FUNDS | ( |
) | (2,844 | ) |
OBESITY UK LTD |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 JUNE 2022 |
9. | MOVEMENT IN FUNDS - continued |
Comparatives for movement in funds |
Net |
movement | At |
At 1.7.20 | in funds | 30.6.21 |
£ | £ | £ |
Unrestricted funds |
General fund | 10,357 | (7,314 | ) | 3,043 |
Restricted funds |
Torbay Fund | 5,123 | - | 5,123 |
Bognor Fund | 820 | - | 820 |
5,943 | - | 5,943 |
TOTAL FUNDS | 16,300 | (7,314 | ) | 8,986 |
Comparative net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 12,031 | (19,345 | ) | (7,314 | ) |
TOTAL FUNDS | 12,031 | (19,345 | ) | (7,314 | ) |
The Torbay Fund represents donations received to fund the charitable company's activities in and around Torbay. |
The Bognor Fund represents a donation received to fund swim sessions for members of the Bognor Group. |
The Equipment and video recording fund represents two grants received for the purchase of equipment and the recording of videos. The transfer to general funds represents the equipment purchased during the year. |
10. | RELATED PARTY DISCLOSURES |