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2023-07-31-accounts

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CHESTER BOXERS LIMITED

Trustees

Mr. S J Goodwin _ Mr. P Brocklehurst Mr. K P Sweeney Mr. S J Kirkham

Charity number?) 28, Prt PMS eh 09b6Sa PW! Chek THO as GO AS

Registered office

Registered office Unit 3 ae ChesterLightfoot Street _ an Cheshire ‘ ceo United Kingdom oe “* . CH2 3AD Independent examiner ; , ;[JG][ Consulting][Limited] . my Groes “ {Denbigh a ee Conwy 7 Rat Sede e United Kingdom

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TRUSTEES’ REPORT (INCLUDING DIRECTORS’ REPORT) FOR THE YEARENDED 31 JULY 2023,

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The trustees present their annual, report and financial statements for the year ended 31 July 2023.

The financial statements have: been prepared in accordance with the accounting policies. set out:in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006 and "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 4 January 2019)".

Objectives and activities us ie Bee The Objectives of the charity continue to be ‘the promotion of community participation in healthy recreation in particular by the provision of facilities for boxing and martial arts. To this end the charity looks to provide professional instruction in the following activities, boxing, MMA, weight training, cage boxing, krav maga, Muay Thai. classes. the charity continues to utilize the gym facilities to engage with the local: community to-deliver support | All classes continue to have a consistent number of members which tells us that our customers are enjoying our programmes on central and local government healthy living initiatives. Overall, the level of customers using our | classes is similar to pre-COVID levels and we hope that these numbers will continue to increase although we understand the hardship many face at the moment. We have added more classes to try and improve our numbers. . The charity continues to maintain its existing equipment to a high standard. We are looking to minimise the

The charity continues to maintain its existing equipment to a high standard. We are looking to minimise the purchase of new equipment until both the cost-of-living crisis eases along With the rising cost of energy. We will only purchase to equipment for the foreseeable future if we many to acquire funding as we believe any cash reserves held in our bank account must be used to cover overheads and to keep the gym open. We will however continue to maintain our current equipment to a high standard.

The Charity will still continue to have a strong relationship with Cheshire West and Chester council, and Cheshire Police where we still offer our full support towards the young offender's scheme and the rehabilitation of adults sentenced to community service and are continually exploring more opportunities of joint ventures with existing bodies to further enhance the gyms work on the local community.

The many activities reported‘in our 2022 report remain available through.the charity and focus On developing confidence, self-esteem and a disciplined lifestyle for people from a range of different backgrounds and of all age groups which is also having a great benefit on combating social isolation. Our staff continue to work one on one with our members to heip distil discipline through self-defence. Working one on one give our staff the chance to identify behavioural problems and address them. To help advertise these services the charity is represented at local community meetings and events to highlight the services we offer.

The Charity is still highly active in working with children and adults who are classified as obese, providing fitness programmes for weight loss and advice on how to eat healthier and live a healthier lifestyle, which currently is a local and national problem have great strain on our national health service. The Charity has recognised that these activities can have a profound impact on an individual health and confidence. Various activities for children are attracting ever increasing attendances. We now have three dedicated nights for children’s classes and may add a third if the participants continue to grow.

The charity is still offering work experience positions to schools and colleges to enable young people to gain transferable skills to assist them when looking for future employment.

The Charity maintains it association with ‘Club mark’ (a national body which looks to improve the attraction to young people to take up sport by benchmarking services) and continues to maintain the required standard in delivering an excellent service.

As set in the 2021 and 2022 reports, the trustees were active in trying to locate new premises to try and reduce our overheads. This still remains on hold. We have renewed our lease in the meantime and a fixed rate with our current landlord.

The Charity is also working closely with volunteers to help increase and promote the profile of our club across social media platforms. We hope that this will help increase the number of members as well as promote the good causes our charity is engaged with.

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|: , | . | TRUSTEES’ REPORT}(INCLUDING. DIRECTORS"REPORT) (CONTINUED); #2!:.. “i:5!:

Achievements and performance ee TS Membership numbers this year-have once again been hard to.evaluate. The number of members is..similar and slowly returning to pre-COVID years, whilst also taking into account the current energy and cost. of living crisis; we remain confident our numbers. could return to those of previous years; Maintaining: our:level.of members.is indicative thatthe. charityis:continuing to have success in. engaging with the community where .any:failure to:achieve this would:have seen a.drop off.in the number of members. We.do however anticipate a reduction in numbers as ‘people struggle with the increasing cost of-energy. We hope:numbers grow:throughout 2024 as the cost of energy crisis stillnow-showing.unbeneficialfeeling thetosigneffects:ofus.in.of .returning;to.some.sort.ofmeeting COVIDour.as objectives. well as risingA lotsofnormality.energyfamiliesbillsWewill:encounterstill.dowhich: could:continue:not wantfinancialto.increase.prices,into.hardship2024: thisThis yearand.this .we: withbelievewillmany.will be exercisehave.-a :negative.more whicheffect, ‘will,on.undoubtedly:people's imentalhelp health.with mental..healthand hope -havingproblemsan: affordable:-brought-.on club.by.thewill,.encourage-people:hardships from. theto current cost of living crisis. eA Be lon ge We, have increased our. number of teen and young..adults by increasingthe number. of classes. We -hope. that by summer 2024 we will see:-a-big increase in. the number, of children attending. classes mainiy..due to the easing. of relianceon energy throughout the summer. 26! ety te a Dob den Be hSE Scan, We-have.and hope.toalso.see seen:a;rising:numbera continuation in.:thistrendsof people. usingour.personal.trainers.or ee ur PG eeThis has:increased throughout.the:ae TPyear We now have ten medical cards for the. gym-which we are very. happy: with. We believe this.shows-our objectives are having a positive effect on the community. Ail our fighters are ready for competitive matches. We hope that this will:help increasethe profile of our charity.::-3.. °°4 |: Se py tht ra, We now. have five qualified coaches volunteering and.continue-to offerhigh standards of training...) 6 cpr as Overview , After overcoming all difficuities.that have been presented to-us ofthe: last 36 months, it is of.our, opinion that the charity/ gym has.:managed' to.maintain its high level of. standards:. Financially we -are stable, and-all our staff. and directors are working tirelessly to continue.our.good work.and help take:the charity:on an upwards trajectory. We hope by the time,of our.next statement we-will see customenr traffic: level-off to slightly higher than.previous: years averages and:our. children's classes become established. =: 0 foc to ounac Sap le Mh op tg he bree We will continue to apply for funding*to help improve facilities and; hope to have;,;more.members taking ‘part:in competitions and representing our gym on an international stage. This we hope will raise our profile and help improve facilities and classes for all our members. spe Ve Lonny Gata on agp tte he

TRUSTEES’ REPORT:(INCLUDING: DIRECTORS' REPRORT).(CONTINUED)* '{2.502 F502 FOR THE YEAR ENDED 31 JULY 2023 Ge VURAL TE SOW) SUATTY Aba G44

Financial review nemgey tg has Gietavonty . 2023current has ‘carriedon from the challenging trend from previous years.‘ Though the global pandemicis now’no longer problem the cost-of-living crisis and high-energy bills are still.in strong afféct: As well-as the incréasing: wars currently taking ‘place across the ‘globe:. The charity-has always-heavily-relied on outsourced -funding ‘from municipal charities and organisations.:Continuing to*be able to remain. open continuously has meant’an increase on[‘traffic] — numbers compared to previous:years: Although comparisons to pre covid years has'seena reduction in the number of :members .and' general foot traffic. The’ contributing factor for‘this is. the: current cost of living crisis: Income from the gym:itself as well as incomegeneratedfrom:our shop is’ stilltenough to keep the charity afloat and cover running costs and overheads:although the margins’ arebecoming -tighter:'due to rising: fuel Costs. :As ‘always outsourced funding.was:always éssential'if.we.were.to:improve our facilities and. equipment and: we. continue-to try.and faisé grants:to:continually:update and:refurbish our equipment: We are:currently in'the process ‘of-applying-for funding to installchildren’s ‘facilities: to increase ‘the-number of.youngsters participating:in ‘sportsas this- would be seen:'as meeting a major objective of the charity. - a TN ee There is.currently no reserves policy in place,-but this hasindt'been ‘problematic to thé'financial position in thé past: Like: previous years we are‘happy that we' hold zero debt andi believe’ this to. be essential as not only does it Show that the charity to be self-sustainable it also presents us with the freedom’to reinvest our funds in'néw equipment: We have seen a fall in the average amount of cash in our account over the last year. The Charity realises that to thefulfillastits:‘objectives12 monthstherethis figureis a needhastobeenhold.continually reserves toreviewed. cover runningThe Charity:hasexperises and ‘décided small thatcapitalfunds expenditure:exceedirig Overthis sum or deemed to be more than the charities immediate needs will be dispersed to organisations that in the management committee's opinion reflect-or mirror the‘objectives of the Charity.2 ©.. és deci tere be We faced challenging times from October 2023 to December 2023 which affected: our-cashflowas well -as the foot traffic through the gym. Due to an error from our bank, our.account was closed for a total of four weeks. This led to no payments being able to be'taken electronically or:could we bank what little we' took in:cash> The chafity:is still recovering from this to date. There is currently no reserves policy in place but-this-has not been problematic to:the financial position. The Charity Will. still: work towards putting this in. place. The-charity realises that in order to fulfil its objectives there iS.a need to hold reserves to.cover running‘expenses and ‘small capital expenditure.‘ Over:the last 12 months: this:‘figurehas been: continually. reviewed. Reserves do. not! now ‘appéar‘as' a specific’sum. inthe accounts ‘and havé becomé incorporated into cash held at the bank; this will be reviewed over.the year.: The charity"has ‘decidéd that. funds exceeding this sum or deemed to be in excess of the charity's immediate needs will be dispersed to organisations thatin the management committee's opinion reflect or-mirror the objectives of the.charity. » 0: 7 ae Structure, governance and management I Ba eee EE

The charity is controlled by its governing document, a deed of trust, and consitutes a limited company, limited by guarantee, as defined by the Companies Act 2008. The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were: Mr. S J Goodwin Mr. T Carroll (Resigned 24 March 2023) Mr. P Brocklehurst Mr. K P Sweeney Mr. S J Kirkham

None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.

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TRUSTEES’ REPORT (INCLUDING DIRECTORS: :REPORT). (CONTINUED): #8030425 2

The charity adopted its. constitution onthe 18th. ofJuly 2005 and the constitutionacts asthe principle governance document... fusca ee a as latte AR Trustees are retired and can be re-elected at each Annual General Meeting. Trustees can be appointed to enable the skills sets of this-tier of managementto deal with:the changing needs,ofthe charity. =... cee rate While the directors and trustees undertake the final. decision.making, : this, level of governance is informed:by the management committee who undertake the day to day running of the charity. This structure provides adequate checks and balances in the management ofthe charify...2:1 0. 050 th ove fa fine 2 REE gta tae The management committee comprises of trustees, directors, officers.and members who.are elected: in-accordance with the constitution. Statement of Public Benefit The Trustees have complied with the duty in section 4 of the Charities ‘Act 2006 to"have due regardato the’ public benefit guidance published by the CharityCommission in December 2008. . Mes ate It is the charity's objectives that members of the public will benefitfrom the development’ of[the][sérvices] offered‘by the charity and that this benefit should apply to all members of the public without discrimination of any kind. Towards this:lifestyles.air’ the:To[trustees:] engage inhavéthe‘guidedpromotion ‘thé ofprogramnie'of drug awarenessservicein s choolsavailable'toand to encpr o moteuragethetheaccess public to'theto ‘adopt gym health and i erts facilitiespo throughHR SP aMthe gutelocalFacouncil, deregistereda EehousingGP providersaus andBRcommunitycn hte organisations.bE Fk * a All major insurable risks are subject to the normal employer's, insurance.,An. annual, _ review of. areas. of, risk undertaken by trustees in conjunction with the staff responsible for that particular area of activity. As a result of risk analysis, the charity has ensured that all of their members of staff are trained in first aid to minimise risk to the members using the facility. 2023 has so far shown similar risks to the previous year and as such except for COVID, which the charity has been very proactive in continually deep cleansing and sanitisation of all equipment. COVID has left an improvement in cleanliness and hygiene across the gym and its facilities. We continue to deep cleanse our equipment and have kept in place the policies and continually cleaning equipment.

We have once again renewed our insurance and are covered through all possible outcomes, including liability cover for directors should a claim be brought against any of our committee members.

The trustees’ report was approved by the Board of Trustees. .

Mr. S J Goodwin

Trustee

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29 July 2024 .

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STATEMENT OF TRUSTEES: RESPONSIBILITIES

The trustees, whovare also‘the directors‘of Chester Boxérs Limited for the purpose of compafly law;’aré responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). ras Danes aE SO ee > Core a ee a Ry te ber ate, . ete toad aoe oe Company Law requires the trustees ‘to prepare financial ‘statemerits for each financial year which give’a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income:and expenditure: of the:charitable company forthat year’ «. ele SE in preparing these financial statements, the trustees are required:to: - "'7) she Te _ - select suitablé accounting policies:and.then.apply them‘conisistently; «et ee ae Be - observe the methods and principles in the Charities SORP; ~ make judgementsand estimates thatare-reasonableand prudent... i) 0 at apt ou oe a - state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosean d explained in the financial statements; and | © ye ee pt pat. - prepare the financial staternents on the. going, concern basis: unless it.is. inappropriate.to- presume. that.the charity will. continue in operation. oe GR ORE Le Cee eben Bee

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‘The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy: at any time the financial position of the charity and enable them to ensure that the financial statements comply with. the Companiesréasonable Act 2006. They are also responsible for safeguarding the assetsof the charity and hence for taking steps for the prevention and-detection of fraud’ and other irregularities’ hh

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CHESTER BOXERS LIMITED

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CHESTER BOXERS LIMITED

1 report to the trustees on my examination of the financial statements of Chester Boxers Limited (the charity) for the year ended 31 July 2023.

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).

Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, { report in respect of my examination of the charity's financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination | have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

{ have completed my examination. | confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

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1 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 financial statements to be reached.

John Gardner FCA JG Consulting Limited Chartered Accountants

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Dated: 29 July 2024

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STATEMENT OF FINANCIAL ACTIVITIES a So 7 INCLUDING INCOME AND EXPENDITUREACCOUNT..._.. —. a

CHESTER BOXERS LIMITED

‘FOR THE YEAR ENDED 31 JULY 2023

; Unrestricted Unrestricted Unrestricted Unrestricted
funds . funds
i . 2023 2022
Notes £ ; £
Income from: ,
Donations 5 35,080 -
Grant income 3 ‘ 5,750 -
Other trading activities os 4 47,668 54,909
Totalincome oS 88,498 54,909
Expenditure on: ;
Trading activities a 6 9,232 11,635
Charitable activities 7 ~——«*72,270 65,223
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Totalexpenditure 81,502 76,858
Net income/(expenditure) forthe year/ .
Netmovement in funds : ’ 6,996 (21,949)
Fund balances at-1 August2022 38,349 60,298
Fund balances at 31 July 2023 , 45,345 ; 38,349
The statement offinancial activities includes all gains and losses recognised in the year.
,

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

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BALANCE SHEET

Notes
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(39,654)
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. (49,164):
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Net current liabilities
(35,832)
(44,641)
Total assets less current liabilities
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Income funds
went
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Unrestricted funds
45,345
38,349
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The company is entitled tothe exemption fromthe audit requirement contained in section477
of theCompaniesAct
2006, forthe yearended 31 July2023.
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ats
The directors acknowledge their responsibilities for complying with the requirements ofthe Companies Act 2006
with respect to accounting records and the preparation offinancial statements.
;
Thé members have notrequiredthecompany to’obtainan‘audit‘ofitsfinancialStatements fortheyearinquestion in
accordance with section 476. °-°
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Thésé financial statements have ‘béen prepared in aécordancé'with'the provisionsappiicable to companies subject
to'the smallcompanies regimes”
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The’finanéial statements wereapprovedby theTrustées on'29 Juiy'2024°
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Charity number1095693.
Companyregistrationnumber055111665°
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Charity number 1095693.

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NOTES TO THE FINANCIAL STATEMENTS VAR che ie bs FOR THE YEAR ENDED 31 JULY 2023 Oe UA 1 Accounting policies Lk Charity information Chester Boxers Limited is a private company limited by guarantee incorporated in England and: Wales.The: — .%, segistered office is Unit 3, Lightfoot Street, Chester, Cheshire,CH2 3AD, United Kingdom. i ee 1.4 Accounting convention Rie The financial statements have been prepared in accordance with the charity's governing document;:'the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic: of. lreland” ("FRS. 102”) and the Charities.SORP "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). The charity is a Public Benefit Entity as defined by'FRS 102. ; ; The charity has:-taken advantage of the provisions in the SORP for charities not to prepare a Statenient' of' Cash Flows.-7 . - The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary .-. .amounts in these financial.statements are rounded to the nearest £. Sn The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. eter yt 1.2 "Going concern _ / : _ 7. At the time of approving the financial statements, the trustees have a reasonable expectation that the charity . .. has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements. 1.3 Chartablefunds 9 ne . - an , Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable Mls objectives. so Se es . a oe cone thee, "at Petpet My ter rit ~ “ a] aah an oe a an 1.4 Income _ ,- Income is recognised when the charity is legally entitled to it after any performance conditions have been met; the amounts can be measured reliably, and it is probable that income will be received. Coneeh on < :-,.Cash.donations are recognised on receipt. Other donations are recognised once the charity hasbeen notified "ofrelationthe donation,to donationsunlessreceivedperformanceunder Giftconditions Aid or deedsrequireof covenantdeferral isofrecognisedthe amount..at theIncometime .taxof the recoverable.donation. in. Expenditure is recognised once there is .a legal or constructive obligation. to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct ‘costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single: activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis ..of time spent, and, depreciation charges are allocated on the portion ofthe asset's use. 2

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NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) i toeato ta Par 1: Accounting policies teva (Continued) 1.5 Tangible fixed assets we WMS we te _. Tangible; fixed assets are initially measured at cost.and subsequently measured at.cost or valuation, .net of depreciation and any impairment losses... os st Pe “y me Tt "useful'Depreciation is recognisédso as toWrite off the cost or valuation‘ofassets ‘less their résidual values over their livés ori'the following bases: ~~ he pee cr Improvements to property 20% on cost , Plant and machinery 25% reducing balance ose amaaaeth t _ ,Fituresandfittings = 20% ONcost 'Motorvehices ~~" © °° “'“" ° °° 415% feducing balance © ee The gain or loss arising on the disposal of an asset is determined as the difference ,between the sale proceeds and the carrying value of the asset, and is recognised in the. statement of financial activities. 1.6, Impairmentof fixed.assets;. = os; ua ome ga at At each reporting end date, the charity reviews the carrying amounts of its tangible assets‘to. determine whether there is any indication that those assets have suffered an impairment loss. If any such indication “+ exists,loss (if any).the recoverable amountcroakof,thePhS asset isPen estimatedSo,in orderSORto.determineGT theae extent:of a theara impairment ' 1.7 Stocks rie nod dae woe te be F Stocks are: stated.at ‘the: lower. of cost and. estimated ‘selling. price. less costs: to:'complete and sell. Cost , comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. .items, held. for distribution ,at.no or nominal consideration are measured the lower of replacement cost and cost. _ , Net realisable value is, the estimated. selling price, less all. estimated costs..of.completionand .costs to be - ... incurred in marketing, selling and distribution.) | ei a ee L 1.8 Cash and cash equivalents w-tCash and cash equivalents include cash. in-hand;-deposits' held at call with banks, ‘other short-term liquid ‘: Vv‘ investments with original-maturities of three months’or less; and bank overdrafts. Bank overdrafts are shown . ‘within. borrowings in. current liabilities) s. 0 6 ffi. AR. cn : 4

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The charity has elected to apply the provisions of:Section'11 “Basic Financial-nstruments’ ard ‘Section 12 ‘Other Financia! Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

oe Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when - there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis orto[realise][the][asset][and][settle][the][liability][simultaneously.] _ . -- Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs. As all financial assets are classified within one year, they are not amortised but carried at face value.

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NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) .)-2) Sof) BHU OF GA Pone FOR THE YEAR ENDED 31 JULY 2023 OROA NUE DEAD IM Us AR TY es

1:< 1 Accounting policies : , - on mare (Continued) Basic financial liabilities ME OR a ‘+. Basic ‘financial liabilities,” including creditors and: bank loans. are ‘initially. recognised at transaction price. Financial liabilities clasified as payable within one year are carried atfacevalue:.. 5.60} tt ,_-Trade‘operationscreditorsfromare.obligations.tosuppliers. Amountspaypayable for goodsareorclassifiedservices thatas currenthave beenliabilitiesacquiredif paymentin the ordinaryis. due within courseoneof year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and continue to be measured at face value. Sean yb eie coe y en Derecognition of financial liabilities "s . 4 ae Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled. * css ; ae 1.10 Employee benefits’: The costs of Short-term employee benefits are recognised as a liability and anexpense. = ~~ The cost of any unused holiday entitlement is recognised in the period in which:the employéé’s services are “7, feceived=:.. af ToS ths bE Se GE Sa oe Rare

1.11 Retirement benefits . Da at '.:, Payments to.defined.contribution retirement:benefit' schemes are charged as an:expense.as theyfall due. °8Cfitical accounting estimatespitaand judgementstepitaand judgementsteand judgementste judgementsteBodte "°°hooeyte "°°hooey "°°hooey St Bodte "°°hooeyte "°°hooey "°°hooey TF ae ete mRSe arn

2° °8Cfitical accounting estimatespitaand judgementstepitaand judgementsteand judgementste judgementsteBodte "°°hooeyte "°°hooey "°°hooey

In the application of the charity's accounting policies, the trustees are required to make judgements, estimates - 4ahd assumptions ‘about the cartying’ amount ‘of assets and liabilities that ‘are not readily apparent from other sources. The estimates and associated assumptions are based on historical’éxperience and other factors that are considered to be relevant. Actual results may differ from these estimates.

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-- +There are no,accounting, estimates in the current year, © iy ced
Grant income
4 ce tee ay a re , - - 2023 _,, ,2022
Grants from Cheshire West and Chester Council 5,750 -
meth ts woe Te, Tt ye a eT ed Ce @ a Ay ore Agere
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3 Grant income

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NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) Jei0 ces oy OP SoMa FOR THE YEAR ENDED 31 JULY 2023 URS WORM OY EAS RT OOS

4 Other trading activities Gd ahaa
‘		 Gd ahaa
‘		 Gd ahaa
‘		 Gd ahaa
‘
Gym fees, classes and otherincome 34,494 40,076
"Shop income 13,174
».
*		 Othertrading.activities 47,668 ..;
5: Donations Ho at ved
mo
Z		 Unrestricted:
:funds.
soy ty 2023"...
52) Donations 35,080 -
=—

:		 6
nae		 Trading activities
:
w		 veo
Cit		 OY ho 452023.
Slatcui
d		 d

‘.
-.-:		 Trading costs°
Opening stock		 1,360
Goods forresale 9,302
Closing stock £(45430) © 7 4.(1,360)
WAlE Supibneexd 9,232

>
x

| |

| | : | || | |

|

-12-

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) 23 /::420084 GrtT GP el POR

7 Charitable activities curbeigs, tanec
ht		 7 7 :
)
ar pay , Expenditure Expenditure
» 2023 2022
£ £
“+. Staffcosts
-
.		 18,743: » > ° 15,053
--. - Depreciation
and impairment		 23,297 23,908
c Rent and rates adie 44,3425 °° 513,786
- Light and heat 1,754 2,251
Telephone 1,084 1,087
Repairs and renewals 493". -« i 847
Subscriptions 959 775
., " Travel and subsistence 286 -
Gym overheads 1,237 706
Gym equipment 272 1,585
oS Insurance: *: 2,153 1,875
: Advertising 298 336
“oe 64,918
' »'		 62,209
Grant funding ofactivities (see note 8) 4,000 -
335% Share of'support costs (see note 9) 95 -
% Share ofgovernance costs (see note 9) 3,257 3,014
72,270, 2.71:1165,223
. . a———— ———— >
8:: : Grants payable ett R,
ae
me		 Expenditure 2022
ane 2023
£ £
Grants to institutions:
InspiringFutures-programmefunding 4,000 +

.

-13-

|| | | | | |

|

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) 2h: oeisbir) rdf OY Sato

woe woe vhoupe cide vhoupe cide . « Support « Support « Support Governance. .:.' Governance. .:.' Governance. .:.' .2023Support costs .2023Support costs .2023Support costs .2023Support costs .2023Support costs Governance 2022
v. costs " ‘costs costs
é * “ 9 :£ £ £ £ £
.¢ Bankcharges
.		 mT 95°: vee 95 - rs
~ Accountancy
=~		 an =~ 1,644 ">> 1,644 - 1,494 1,494
= “Professional
fees		 ws ‘5 4,643 1,613 - 4,520 ©
>" 4,520
95 3,257 3,352 fo atccsent eS 3OTee953 e953 014
"” “Analysed between oo rls - Fe
- Charitable activities os 95 - 3,257 °° =3,352 - 3,014 3,014
10 Trustees pete Pee
oe
ce, ne wit we OS OL oy
>. +” Trustees’remuneration and‘benefits—..~ wo ee
During the year one of the trustees received remuneration from Chester Boxers Limited.
Amounts paid for
salary totalled £18,447 (2022: £14,761) and pension contributions of£296 (2022: £292).
__.. Trustees’expenses eeet
"There were no trustees expenses paid paid for the yearended 31July2023‘rior 2023‘rior forthe’year ended’31 July
. 2022. , : a7 -
ei		 ae
boa tt		 oe
aa
a Ua
11- Employees: -
Numberofemployees . wAoa
Jr
oof
~sicc The average monthly numberofemployees employees during the year was: year was: ,
2 : 2023 2022
Number Number
“"".. Employment costs , 2023 2022
. 3 £ £
- Wages
.		 18,447
=.		 ". 14,761
. Pensions
-
~*		 296 292
12. Taxation’.
Ueee		 Eta ue?

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxationof Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

-14-

OP Sori

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) .. S320" Sh

13 13 Tangible fixed assets assets oR nae nae E
m4, py
te		 oo, if os Ctimprovementss’
-:Plant’and. ‘Fixtures andMotorvehicles
toproperty
«.-,machinery,
fittings
. 2 . rz 3 £ £ £ £
Cost ,
. At 1 August2022 an 12,210 254,964 11,457 3,840... 282,471
Additions - 21,484 - - 21,484
.- ,At 31 July. 2023 r, 12,210; 276,448 11,457 3,840. 303,955
Depreciationand impairment Mele ro
- » - At 1 August:2022 toe hock 12,210 -- 173,367---.-- 10,725 3,179 499,481
Depreciation charged in the year - 22,867 313 “V17% i. 23,297
-~ 2. At 31 July 2023 . socecs: =12,210-.=-s 12,210-.=-s 196,234.- . 11,038 3,296 222,778
Carrying amount Beka
7
At 31 July 2023 - 80,214 419 544 81,177
At 31 July 2022 - 81,597 732 661 82,990
14 Debtors Soep nape
~
"2023
«= «2022
, . Amounts.falling due withinoneyear: 3.7.00 62) 0 ee foetal ow et
£
Prepayments and accrued income 254 -
15 Stocks ogg nyt Tete
Stocks 1,430 4360
16 Loans and overdrafts
: 3 £ £
-. *QOtherloans
=.		 : 31,000 vn -
‘Payablewithin oneyear 31,000 -

At 31st July 2023 £31,000 (2022: Enil) had been advanced to the charity from Baranswift Limited:.:This loan was interest free and repayable on demand.

-15-

.

|

.

CHESTER BOXERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2023

17 Creditors: amounts falling due within one year

----- Start of picture text -----
|||||||| |---|---|---|---|---|---|---| |2023|2022| |£|£| |Loan|31,000|-| |Other|taxation|and|social|security|4,018|185| |Trade|creditors|-|45,066| |Other|creditors|;|.|311|219| |Accruals|and|deferred|income|4,325|3,691| |39,654|49,161|

----- End of picture text -----

18 Analysis of net assets between funds

----- Start of picture text -----
||||||||| |---|---|---|---|---|---|---|---| |Unrestricted|Unrestricted| |funds|funds| |2023|2022| |£|£| |Fund|balances|at|31|July 2023|are|represented|by:| |Tangible|assets|81,177|82,990.| |Current|assets/(liabilities)|(35,832)|(44,641)| |45,345|38,349|

----- End of picture text -----

19 Related party transactions

There were no disclosable related party transactions during the year (2022 - none).

Li

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