FUNKY FITNESS AND FUN CIC

Company limited by guarantee

Company Registration Number:
08332080 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 1 January 2023

End date: 31 December 2023

FUNKY FITNESS AND FUN CIC

Contents of the Financial Statements

for the Period Ended 31 December 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

FUNKY FITNESS AND FUN CIC

Directors' report period ended 31 December 2023

The directors present their report with the financial statements of the company for the period ended 31 December 2023

Principal activities of the company

The principal activity of the company in the year under review was that of supporting adults with additional needs.



Directors

The directors shown below have held office during the whole of the period from
1 January 2023 to 31 December 2023

Carita Gaynor Smith
Robert Burns
Catherine Daly-Greenham


The director shown below has held office during the period of
1 January 2023 to 1 June 2023

Pamela Jean Harris


The director shown below has held office during the period of
1 January 2023 to 29 January 2023

Susan Power


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
26 September 2024

And signed on behalf of the board by:
Name: Carita Gaynor Smith
Status: Director

FUNKY FITNESS AND FUN CIC

Profit And Loss Account

for the Period Ended 31 December 2023

2023 2022


£

£
Turnover: 201,837 190,992
Cost of sales: ( 116,187 ) ( 130,812 )
Gross profit(or loss): 85,650 60,180
Distribution costs: ( 9,429 ) ( 10,421 )
Administrative expenses: ( 61,687 ) ( 65,592 )
Other operating income: 10,920
Operating profit(or loss): 14,534 (4,913)
Interest receivable and similar income: 61 8
Interest payable and similar charges: ( 1,028 ) ( 795 )
Profit(or loss) before tax: 13,567 (5,700)
Tax: 1,641 843
Profit(or loss) for the financial year: 15,208 (4,857)

FUNKY FITNESS AND FUN CIC

Balance sheet

As at 31 December 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 13,950 18,750
Total fixed assets: 13,950 18,750
Current assets
Cash at bank and in hand: 22,387 7,510
Total current assets: 22,387 7,510
Creditors: amounts falling due within one year: 4 ( 7,032 ) ( 8,644 )
Net current assets (liabilities): 15,355 (1,134)
Total assets less current liabilities: 29,305 17,616
Creditors: amounts falling due after more than one year: 5 ( 5,051 ) ( 8,241 )
Provision for liabilities: ( 2,157 ) ( 2,487 )
Total net assets (liabilities): 22,097 6,888
Members' funds
Profit and loss account: 22,097 6,888
Total members' funds: 22,097 6,888

The notes form part of these financial statements

FUNKY FITNESS AND FUN CIC

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 26 September 2024
and signed on behalf of the board by:

Name: Carita Gaynor Smith
Status: Director

The notes form part of these financial statements

FUNKY FITNESS AND FUN CIC

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

    Tangible fixed assets depreciation policy

    Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

    Other accounting policies

    Statutory information The company is a private company limited by guarantee and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page. Statement of compliance The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard. Basis of preparation These financial statements have been prepared in accordance with the provisions of section 1 A (Small Entities) of Financial Reporting Standard 102. Revenue from sale of goods Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Employee benefits The company operates a defined contribution pension scheme. Contributions payable to the company & pension scheme are charged to profit or loss in the period to which they relate. Foreign currency translation Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss. Deferred tax Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

FUNKY FITNESS AND FUN CIC

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 6 6

FUNKY FITNESS AND FUN CIC

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2023 308 25,950 26,258
Additions
Disposals
Revaluations
Transfers
At 31 December 2023 308 25,950 26,258
Depreciation
At 1 January 2023 308 7,200 7,508
Charge for year 0 4,800 4,800
On disposals
Other adjustments
At 31 December 2023 308 12,000 12,308
Net book value
At 31 December 2023 0 13,950 13,950
At 31 December 2022 0 18,750 18,750

FUNKY FITNESS AND FUN CIC

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 656 957
Taxation and social security 3,186 4,497
Other creditors 3,190 3,190
Total 7,032 8,644

FUNKY FITNESS AND FUN CIC

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Creditors: amounts falling due after more than one year note

2023 2022
£ £
Other creditors 5,051 8,241
Total 5,051 8,241

COMMUNITY INTEREST ANNUAL REPORT

FUNKY FITNESS AND FUN CIC

Company Number: 08332080 (England and Wales)

Year Ending: 31 December 2023

Company activities and impact

Funky Fitness and Fun CIC has existed since 2008. Operating 4 days per week, with c32 members whose attendance ranges from 1 day per week to 4 (totalling c70 sessions). Working with adults with additional needs our aim is to promote independence, health and well-being, mindfulness and awareness of others. We work in collaboration with social services, health-care professionals and other care providers. Acting as advocates for our clients and their families, we spend considerable amounts of time in meetings with social workers and health-care professionals to ensure our families are receiving the most appropriate levels of support. We do not raise a fee for our advocacy work. We regularly sit in on appointments with reviewing officers regarding level of support council are offering to individuals; we regularly interact with social workers on behalf of our families. We work closely with social services. We have a holistic way of working with our members and families; where there are any practical/safeguarding/mental health issues affecting the families we work with other agencies to seek appropriate support. This is taking an increasing amount of time. Numbers of members attending is currently stable; though lower than pre-pandemic. We work with both freelance and payroll staff and are easily able to adjust staffing ratios according to need. We are based largely indoors at the Satellite Centre, Greenfield. We offer a range of activities including drama, fitness, dance, music. A continued focus is on health and nutrition, our staff have lots of experience in this area and a willingness to share. We take care to ensure that all staff/freelance workers keep up to date with essential training and also ensure that DBS certification is checked periodically. Our therapy dogs are spending increasing amounts of time with our members, who find the contact highly beneficial. We are regularly seen walking the dogs; a great way for our members to keep fit.

Consultation with stakeholders

Funky Fitness and Fun stakeholders are: Client members/families; staff; member of the wider community; local social services professionals. At Funky Fitness we like to engage with and support the whole family, where there is need. We have been able to return to our Parent/Carer IMPACT group meetings. These are now arranged by our client members and are proving to be very enjoyable and supportive. During 2023 we enjoyed several small group social events; a great opportunity for families to share their concerns and also share positive outcomes. We continue to involve our client members in regular discussions/planning meetings to decide next projects.

Directors' remuneration

The total amount receivable by directors in respect of qualifying services was £27,780. There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for director’s loss of office, which require to be disclosed.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
26 September 2024

And signed on behalf of the board by:
Name: Carita Smith
Status: Director