2024-07-31-accounts - Chester Boxers Limited

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Chester Boxing Club Trustees Report 2024

Trustee Report

1. Purpose

As detailed under the legal requirements for the Trustees’ Annual report as set out in the Charities Regulation 2008, this report looks to provide the relative information as required under the Statement of Recommended Practice (SORP)

2. Administrative detail of the Charity, its Trustees and advisors

a. The Name of the Charity is: Chester Boxers Hereinafter referred to as ‘the charity’.
b. The Charity Registration number is: 1095693
c. The registered address of the Charity is: Unit 3, Lightfoot Business Centre, Lightfoot Street, Chester, CH2 3AD
d. The charity has currently appointed 5 Trustees named below:
Peter Brocklehurst
Christopher Kappler (appointed 2013) *
Kevin Sweeney (chairman of trustee board)
Simon Kirkham (appointed 2020)
e. The Charity has also appointed two directors who are named below:
Stephen Goodwin
Christopher Kappler (appointed 2015) *
f. Due to the limited size of the charity, trustees and directors adopt other roles to the extent that officer roles are filled by the following personnel:
- Secretary – Christopher Kappler*

Treasurer – Peter Brocklehurst

(* it was agreed that the appointment to the roles did not constitute a conflict of interest)

2.1Structure, governance and management

The Charity adopted its constitution on 18[th] July 2005 and the constitution acts as the principal governance document.

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 management to deal with the changing needs of the charity.

While 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 of the charity.

The management committee comprises of trustees, directors, officers and members who are elected in accordance with the constitution.

3. Financial Review

2024 has carried on from the challenging trend from previous years. High energy bills and the cost of living is still having an impact, as well as the increasing wars currently taking place across the globe. The charity has always heavily relied on outsourced funding from municipal charities and organisations. Traffic numbers has remained at a similar number to the previous year, although comparisons to pre covid years has seen a 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 income generated from our shop has fallen almost to the point that it is no longer sufficient to keep the charity afloat and cover running costs and overhead. As always outsourced funding was always and is essential if we were to improve our facilities and equipment and we continue to try and raise grants to continually update and refurbish our equipment which we feel is imperative to keep up our reputation and to keep customers coming through the door. We are currently in the process of applying for funding to install new women’s changing rooms to increase the number of youngsters participating in sports as this would be seen as meeting a major objective of the charity. We have also applied and received funding to help tackle the cost of high energy bills.

There is currently no reserves policy in place, but this has not been problematic to the financial position in the past. Like previous years we are happy that we hold zero debt and 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 new equipment. We have seen a fall in the average amount of cash in our account over the last year. The Charity realises that 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 figure has been continually reviewed. Reserves do not no appear as a specific sum in the accounts and have become incorporated into cash held at the bank; this will be reviewed over the year. The Charity has decided that funds exceeding this 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.

Continuing on from the error made from of our bank in the previous year, which resulted in them closing our bank account, we have now managed to gain normality.

4. Funds held as custodian trustee on behalf of others.

The Charity does not hold any funds or other assets on behalf of any organisation.

5. Public benefit Statement

The trustees have complied with the duty in section 4 of the Charities Act 2006 to have due regards to the public benefit guidance published by the Charity Commission in December 2008.

It is the charities objectives that members of the public will benefit from the developments of the services offered by the charity and that this benefit should apply to all members of the public without discrimination of any kind. Towards this aim the trustees have guided the programme of services available to actively encourage the public to adopt healthier lifestyles. To Engage in the promotion of drug awareness and to promote the access to the gym and its facilities through the local council, registered housing providers and a diverse range of community organisations. Therefore, due to the energy and cost of living crisis we have held back in increasing membership price as to allow as many people as possible going through financial hardship to continue to use our facilities.

6. Risk Management

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 area of activity. As a result of risk analysis, the charity has ensured that all their members of staff are trained in first aid to minimise risk to the members using the facility. 2024 has shown similar risks to the previous year and as such except for COVID, which the charity had 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.

7. Objectives and Activities

The Objectives of the charity continue to be ‘the promotion of community participation in healthy recreation 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. All classes continue to have a consistent number of members which tells us that our customers are enjoying our classes. the charity continues to utilize the gym facilities to engage with the local community to deliver support 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 including more children’s classes to try and promote a healthy lifestyle with young children.

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 aim going into next year is to refurbish all of our equipment as well as the normal maintenance that is essential to keep the equipment safe.

The Charity will 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 out 2023 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 help distil discipline through selfdefence. 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 stated in our previous reports, our charity was working on finding new premises to help reduce our cost and overheads. This has now been permanently put on hold as we believe our current situation will be more financially sound.

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.

8. Achievements and Performance

Membership numbers this year have once again been hard to evaluate. The number of members is still at a similar level to the previous years, but we are hopeful that as energy prices and the cost of living ease, these numbers will return to levels we have experienced in previous years. Maintaining our level of members is indicative that the charity is continuing to have success in engaging with the community where any failure to achieve this would have seen a severe drop off in the number of members. We still do not want to increase prices, and this will be unbeneficial to us in meeting our objectives. A lot of families will encounter financial hardship this year with many still feeling the effects of COVID as well as rising energy bills which could continue into 2025. This we believe will

have a negative effect on people’s mental health and hope having an affordable club will encourage people to exercise more which will undoubtedly help with mental wellbeing brought on by the hardships from the past few years.

the number of teen and young adults is still at a similar level to the previous year. We hope that by summer 2025 we will see a big increase in the number of children attending classes mainly due to the easing of reliance on energy throughout the summer.

The trend in rise of people using our personal trainers has slightly increase again. This has increased throughout the year and hope to see a continuation in this trend.

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. All our fighters are ready for competitive matches. We hope that this will help increase the profile of our charity.

We still have 5 qualified coaches volunteering and continue to offer high standards of training.

OVERVIEW

After overcoming all difficulties that have been presented to us of the last 5 years, it is of our opinion that the charity/ gym has managed to maintain its high level of standards. Financial we aren’t as stable as previous years, but all our staff, directors and volunteers are still 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 customer traffic level off to slightly higher than previous years averages and our children’s classes become established.

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 and can only benefit the wider community as a whole.

Charity registratlon number 1095693 Company rnglstration number 05511166 {England and Wale$> CHESTER BOXERS LIMITED LIMITED BY GUARANTEE ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

CHESTER BOXERS LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mr. S J Goodwin Mr. P Brocklehurst Mr. K P Sweeney Mr. S J Kirkham Mr C Kappler Mr T Caroll Secretary Mr C Kappler Charity number 1095693 Company number 05511166 Reglstered office Meadow House Bramley Lane Higher Kinnerton Chester Cheshire CH4 9AX Independent examiner JG Consulting Limited Groes Hall Groes Denbigh Conwy United Kingdom LL16 5RS

CHESTER BOXERS LIMITED CONTENTS Page Trustees, report Statement of trustees, responslbilities Independent examinerfs report Statement of financial adivities Balance sheet Notes to the financial statements 9-16

CHESTER BOXERS LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 JUL Y 2024 The trustees present their annual report and financial statements for the year ended 31 July 2024. The financial statements have been prepared in accordance with the accounting polioies set out in note 1 to the financial slatements and comply with the charws goveming document. the Companies Act 2006 and "Accounting and Reporting by Charities.. Statement of Recommended Pradice applicable to charities preparing their accounts in accordan with the Finanaal Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) (effective 1 January 2019)" Objectives and activities The Objective5 Qf 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 charty looks to provide professional instruction in the following aclivities, boxing. MMA. weight training. cage boxing, krav maga, Muay Thai. All classes continue to have a consistenl number of members which tells us that our cuslomers are enjoying our classes. the Gharity continues to utilize the gym facilities to engage with the local community to deliver support programmes on central and local govemment healthy living initiatives. Overall, the level of customers using our lasses is similar to pre-COVID levels and we hope that these numbers will continue to increase although we understand the hardship many fa al the moment. We have added more classes to try and improve our numbers including more children's classes to try and promote a healthy lifestyle with yOLtng children. The charity continues to maintain its existing 8quipment to a high standard. We are looking lo minimise the purchase of new equipment until both the cosl-of-living ¢ri$is eases along with the rising cost of energy. We will only purchase to equipment for the foreseeable future if we manage to aquire funding as we believe any cash reserves held in our bank account musl be used to cover overheads and lo keep the gym open. W8 will however continue to maintain our current equipment to a high standard. The aim going forward into next year is to refurbish all of our equipmentas well as the normal maintenance that is essential to keep the equipment safe. The Charity will still continue to have a strong relationship with Cheshire West and Chester council, and Cheshire Police Whe we still offer our full support lowards the young offender's scheme and the rehabilitation of adutts 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 2023 report remaln available through the charity and focus on developing confidence. self-esleem 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 help 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 seiCeS the charity is representèd at k)cal 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 fftness programmes for weight loss and advice on how to eat healihier 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 dasses and may add a third if the participants continue to grow.

CHESTER BOXERS LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 JUL Y 2024 The charity is still offering work experience positions to schools and colleges to enable young peopl8 to gain transferable skills to assist them when looking for fvture employmenL The Charity maintains it association with 'Club mark. (a national body which looks to improve the attraction to young people lo take up sport by benchmarking seTvices) and continues to maintain the required standard in delivering an exlIent servi. As stated in our previous reports, our charity was working on finding new premises to help redu¢e our costs and overheads. This has now been permanently pul on hold as we believe our current Situation will be more financially sound. The Charty 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. Achievements and porfornianee Membership numbers this year hav8 once again been hard to evaluate. The number of members is slill at a similar level to the previous years, but we are hopeful that as energy prices and the cost of living ease, these numbers will retum to levels we have experienced in previous yèars. Maintaining our level of members is indicative that the ¢harity is continuing to have suc¢ess in engaging with the MMUnitY where any failure to achieve this would have seen a severe drop off in the number of members. We still do not want to increase prices, and this will be unbeneficial to us in m8eting our objectives. A lot of families will encounter financial hardship this year wilh many still feeling the effects of COVID as well as rising energy bills whith could conlinue into 2025. This we believe will have a negalive effect on people's mental health and hope having an affordable club will encourage people to exercise more which will undoubtedly help with mental wellbeing brought on by the hardships from the past few years. The number of tean and young adulls is still at a similar level to the previous year. We hope that by summer 2025 we will see a big increase in the number of children attending classes mainly due to the easing of reliance on energy throughout the summer. The trend in rise of people using our personal trainers has slightly increase again. This has increased throughout the year and hope to see a continu8tion in this trènd. We now have ten medical ¢ards for the gym which we are very happy with. We believe this shows our objectives are having a positive effect on the community. All our fighters are ready for competitive matches. We hope that this will help increase the profile of our charity. We now have five qualified coaches volunteering and continue to offer high standards of training. Overview After overcoming all diffi¢ullies that hav8 been presented to us of the last five years, il is of our opinion that the charityl gym has managed to maintain its high level of standards. Flnancially we are not as stable as previous years, but all our staff, directors and vclunteers are still working tirelessly to continue our good work and help take the charity on an upwards trajectory. We hope by the lime of our next statement we will see ¢u$tom8r traffic level off to slightly higher than previous years averages and our children's dasses become established. We will continue to apply for fvnding to help improve facilities and hope to have more members taking part in competitions and represenling our gym on an intemational stage. This we hope will raise our profile and help improve facilities and classes for all our members and can only benefft the wider community as a whole.

CHESTER BOXERS LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 JULY2024 Financial review 2024 has carried on from the challenging trend from previous years. High energy bills and the cost of Imng is still having an impact. as well as the increasing war5 currently taking place across the globe. The chanty ha5 always heavily relied on outsourced funding from municipal charities and organi5ations. TraffiG numbers has remained at a similar number to the previous year, although comparisons to pre covid years has seen a 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 ilself as well as income generated from our shop has fallen almost to the point that it is no longer sufficient to keep Ihe charity afloat and cover running costs and overhead. As always outsourced funding was always and is essential if we were to improve our facilities and equipment and we continue to try and raise grants to Continually update and refurbish our equipment which we feel is imperative to keep up our reputation and to keep customers Coming through the door. We are currently in the process Df applying for funding to install new women's changing rooms to increase Ihe number of youngsters partiGipating in sports as this would be seen as meeting a major objective of the charity. We have also applied and reiVed funding to help tackle the cost of high energy bills. There is currently no reserves policy in place. but this has not been problemati¢ to the financial position in the past. Like previous years we are happy that we hold zero debt and believe this to be essential as not only does it show that the charity to be self-suslainable it also presents us with the freedom to reinvest our funds in new equipment. We have seen a fall in the average amount of cash in our account over the last year. The Charity realises that to fulfil its objectives the is a need to hold reserves to cover running expenses and small capital expenditure. Over the last 12 months this figure has been ¢ontinualty reviewed. The Charity has decided that funds exceeding this sum or deemed to b8 more than the charities immediate needs will be dispersed to organisalions that in the management committee's opinion reflect or mirror the objectives of the charity. Continuing on from the error made from of our bank in the previous year, which resulted in them dosing our bank a¢count, we have now managed to gain normalty. There is currently no reserves policy in place but this has not been problematic to the finan¢i81 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 reseNes to cover running expenses and small ¢apital expenditure. Over the last 12 months this figure has been conlinually reviewed. Reserves do not now appear as a specifi¢ sum in the accounts and have become incorporated into cash held at the bank.. this will be reviewed over the year. The ¢harity has decided that funds exceeding this sum or deemed to be in excess of the Charity's immediate needs will be dispersed to organisalions that in the management committee's opinion reflecl or mirror the objectives of the charity. Structure* governance and rnanagement The chatity is controlled by its governing document. a deed of trust, and ¢onsitutes a limited Company, limited by guarantee, as defined by the Companies Ad 2006. 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. P Brocklehurst Mr. K P Sweeney Mr. S J Kirkham Mr C Kappler Mr T Caroll None of the trustees has any beneficial interest in the company. All of the trustee5 a membèrs of the company and guarantee to contribute £1 in the event of a winding up.

CHESTER BOXERS LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 JULY2024 The charity adopted its constitution on the 18th of July 2005 and the constitution acts as the principle governance document. 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 Df management to deal with the changing needs of the charity. INhile the directors and trustees undertake the final decision making, this level of governance is informed by the management committee who undertake the day lo day running of the charity. This structure provides adequate checks and balances in the management of the charity. The management committee comprises of trustees, directors. officers and members who are elected in accordance with the constitution. Statement of Public Benefit The Twstees have complied with the duty in section 4 of the Chariiies Act 2006 to have due regard to the public benefft guidance published by the Charity Commission in December 2008. It is the chaiity's objectives that members of th8 public will benefit from the development of the seTvices offered by the charity and that this benefit should apply to all members of the public without discrimination of any kind. Towards this aim the trustees have guided the pmgramme of seNices available to encourage the public to adopt healthier lifestyles. To engage in thè promotion of drug awareness in schools and to promote the a¢¢ess to the gym and its facilities through the local council, registered housing providers and community organisations. Rlsk Management All major insurable risks are subject to the nonnal empk)yerfs insurance. An annual r8view 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 a trained in first aid lo minimise risk to the members using the facility. 2024 has so far shown similar risks to the previous year and as such except for COVID, vthi¢h the charity has been very proactive in continually deep deansing and sanitisation of all equipment. COVID has left an improvement in cleanliness and hygiene across the gym and its facilities. We continue to deep deanse our equipment and have kept in place the policies and continualty deaning 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 Trustso 29 April 2025

CHESTER BOXERS LIMITED STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 JULY2024 The trustees. who are also the direclors of Chester Boxers Limited for the purpose of company law, are responsible for preparing the Trustees. Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generalty Accepted Accounling Practi¢e}. Company Law requires the Irustees to prepa financial statements for each financial year which giv8 a true and fair view of Ihe state of affairs of the charity and of the incoming resources and application of resources. including the income and expenditure, of the charitabl8 company for that year. In preparing these financial statements, the trustees are required to- select suitable accounting policies and then apply them consistently: - observe the methods and principles in the Charities SORP" make judgements and estimates that are Teasonable and prudent., and prepare the finan81 statements on the going concem basis unless tt is inappropriate to presume that the charity will continue in operation. The Irustees 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 ¢omply with the Companies Act 2006. They are also responsible for safeguarding the assets of th8 Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

CHESTER BOXERS LIMITED INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CHESTER BOXERS LIMITED I report to the trustees on my examination of the financial statements of Chester Boxers Limited (th8 charity) for the year ended 31 July 2024. Responsibiliti¢$ and baslg of report As the trustees of the charity land al$0 its diredors for the purposes of company law) you are responsible for the preparation of the financial statements in attordance with the requirements of the Companies Act 2006 (the 2006 Act). Having satisfied myself that the financial statements of the charity a not required to be audited under Part 16 of the 2006 Ad and are eligible for independent examination, I report in respect of my examination of the charity's financial statements ¢arri8d out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examinallon I have followed all the applicable Directions given by the Charity Commission under section 145{5){b) of the 2011 A¢1. Independent oxaminerf$ ststsmont I have completed my examinalion. I confim that no matters have come to my attention in connection with the examination giving me cause to believe that in any material resped: accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act,. or the financial statements do not accord with those records. or the financial stslements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination., or the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Pracli¢e for accounting and reporting by charities applicable to charities preparing their accounts In accordanc8 With the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I have no concems 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. L7/ John Gardner FCA JG Consuliing Limited Chartered Accountants Groes Hall Groes Denbigh Conwy LL16 5RS United Kingdom Dated: 30 April 2025

CHESTER BOXERS LIMITED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 JULY 2024 Unrestricted Unrestrfcted funds funds 2024 2023 Notes Ineome from: Donations Grant income Other trading activities 1,500 499 49.328 35.080 5.750 47,668 Total income 51,327 88.498 nditure on. Trading activities 8,872 9,232 Charitable activities 63,692 72,270 Total expenditure 72,564 81,502 Net (expenditure)fineome for the yearl Net movement in funds (21,237) 6.996 Fund balances at 1 August 2023 45,345 38,349 Fund balances at 31 July 2024 24,108 45,345 The statement of financial activities in¢lud8s 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 CompaniesAct 2006.

CHESTER BOXERS LIMITED BALANCE SHEET ASAT31 JULY2024 2024 2023 Notes Fixed a88ets Tangible assets 13 60.788 81,177 Current assets Stocks Deblors Cash at bank and in hand 16 14 1,500 254 1,622 1,430 254 2.138 3,376 3,822 Credltors: amounts falllng due within one year 17 (40,056) {39.654) Net current liabilities {36.680) (35.832) Total assets less current Ilabilities 24,108 45,345 Income funds Unrestricted funds 24,108 45.345 24,108 45,345 The company is entitled to the exemption from the audit requirement contained in section 477 of the Companie5 Act 2006, for the year ended 31 July 2024. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with resped lo a¢¢ounting records and the pparation of financial statements. The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476. These financial statements have beèn prepared in accordance with the provisions applic8ble to companies subject to the small companies regime. The financial statements were approved by the Trustees on 29 April 2025 Mr. S J Goodwin Trustee Charity numbor 1095693 Company registration number 05511166

CHESTER BOXERS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY2024 Accounting poli¢le$ Charlty Inforniation Chester Boxers Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is Meadow House, Bramley Lane, Higher Kinnerton, Chester, Cheshire, CH4 9AX. 1.1 Ac¢ounting convention The financial statements have been prepared in accordance with the charity's goveming document, the Companies Act 2006, FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" ('FRS 102.) and the Charities SORP "Accounting and Reporting by Charities.. Ststement 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 1021" (effective 1 January 2019). The charity is a Public Benefit Entty as defined by FRS 102. The charity has taken advantsge of the provisions in the SORP for charities not to prepare a Statement of Cash Flows. The finanaal statements a prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared und8r the historical cost convention. The principal accounting policies adopted ar8 set out below. 1.2 Going concern At the time of approving the financial slatements. the trustees have a reasonable expedation that the charity has adequate resources to continue in operational exi$ten¢e for the foreseeable futur8. Thus the truslees continue to adopt the going concern basis of accounting in preparing the financial statements. 1.3 Charltable funds Unrestticted funds are available for use at the discrelion of the trustee8 in fiJrtheran of their charitable objectives. 1.4 Income and expenditure Income is recognised when the charity is legally entitled to it after any p8rfomiance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless p8rforrnance conditions require deferral of the amount. Income lax recoverable in relation to donations received under Gift Aid or deads of covenant is recognised at the time of the donation. Expenditure is re¢ogni88d once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of 8conomic beneffts will b8 required in settlem8nt, and the amount of Ihe obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of th8 tolal of direct costs and shared costs, including support costs involved in undertaking each a¢tivity. Direct costs attribulable to a singlè adivity are allocated directly lo Ihat activity. Shad ¢osls whith contribute to more than one activity and support costs which ar8 not attributable to a single activity are apportioned been those a¢tivities on a basis Consistent with the use of resour¢es. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of th8 asset's use.

CHESTER BOXERS LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY2024 Accountlng pollcies (Continued) 1.5 Tanglble flxod assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of deprecialion and any impaimient losses. Depreciation is recognised so as to write off the Cost or valuation of assets less their residual values over their usefvl lives on the following bases: Improvements lo propety Plant and machinery Fixtures and fittings Motor vehicles 200/0 on cost 250h dUcIng balance 200/0 on cost 150/0 reducing balance The gain or loss arising on the disposal of an asset is detemiined as the difference betW8en the sale proceeds and the carrying value of the asset, and is recognised in the slalement of financial aclivities. 1.6 Impaimient of fixed assets At each reporting end date, the charity reviews the carying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impainnenl loss. If any su¢h indication exists, the recoverable amount of Ihe asset is estimated in order to determine th8 extent of the impainnent loss {rf any). 1.7 Stocks stocks are stated at the lower of cost and 8slimated selling pri¢e less costs to complete and sell. Cost comprises direct malerials and, where applicable, dired labour costs and those overheads that have been incurred in bringing the stocks lo their present location and condition. Items held for distribution al no or nominal consideration are measured the lower of replament cost and cost. Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution. 1.8 Cash and cash equlvalents Cash and cash equivalents include cash in hand, deposlts held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in currenl liabilities. 1.9 Financial instruments The charity has 818Cted to apply the provisions of Section 11 '8asi¢ Finanaal Instruments. and Section 12 'Other Financial Instruments Issues. of FRS 102 to all of its financial instruments. Financial in$tNments are recognised in the chariVs balance sheet when the charity becomes party to the conlraciual provisions of the instrument. Financial assets and liabilities are offs8t, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there 1$ an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic r Inancial assets Basic financial assets, which incSude debtors and cash and bank balances, are initially measured at transaction price including Iransactbon costs. As all financial assets are classified within one year, they are not amortised but carried at face value. 10-

CHESTER BOXERS LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY2024 Accounting policie8 (Continued) Baslc financial liabilities Basic financial liabilities. including creditors and bank loans are initially recogni5ed at transaction pr[. Financial liabilities clasified as payable within one year are carried at face value. Trade creditor5 are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due wilhin one 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. Derecognition of financial liabilities Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or canlled. 1.10 Employee benefits The costs of short-term employee benefit5 are re¢ognis8d as a liability and an expense. The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the charity is d8monslrably committed to terminate the employment of an employee or to provid8 termination benefits. 1.11 Retirement beneflts Payments to defined contribution ratirement benefft schemès are charged as an expense as Ihey fall due. Critical accounting estlmates and judgements In the application of the Charit$ accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assels and liabilities that are not readily apparent from other SoUs. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revi5i0ns to accourrting estimates are recognised in the period in which the estimate is revised where Ihe revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. There are no accounting estimates in the current year. Grnnt Income Unrostri¢ted funds 2023 2024 Grants from Cheshire West and Chester Council 499 5.750 11

CHESTER BOXERS LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2024 Other trading activities 2024 2023 Gym fees, classes and other income Shop income Other income and compensation 34,651 14,577 100 34,494 13,174 Other trading activities 49,328 47,668 DOnaOn$ Unrestrlcted Unrestricted funds funds 2024 2023 Donations 1,500 35,080 Trading activities 2024 2023 Tradin costs Opening stock Goods for resale Closing stock 1,430 8.942 (1,500) 1,360 9,302 {1.430) 8,872 9,232 12-

CHESTER BOXERS LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2024 Charitable activltles Exponditure Expendlture 2024 2023 Staff costs Depreciation and impairment Rent and rates Light and h8at Telephone Repairs and renewals 18.016 20.389 14,075 1.278 494 87 18.743 23,297 14,342 1,754 1,084 493 F 11 Subscriplions Travel and subsistence Gym overheads Gym equipment Insurance Advertising 959 57 1,237 272 2.153 298 2,829 1,054 60,283 64.918 Grant funding of activities (see note 8} 4,000 Share of support costs (see note 9} Share of gov8mance costs (see note 9} 18 3,393 95 3,257 83,692 72,270 Grants payable Expenditure 2023 Grants to institutions= Inspiring Futures- programme funding 4,000 13-

CHESTER BOXERS LIMITED NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 JULY 2024 Support ¢o$ts Support Governance costs costs 2024 Support Governance costs ¢osts 2023 Bank charges Interest on taxation 95 95 16 16 Accountancy Professional fees 1,722 1,671 1,722 1.671 1,644 1,613 1,613 16 3,393 3,409 95 3,257 3.352 Analysed between Charitsble activities 16 3.393 3.409 95 3,257 3,352 10 Trustees Trustees. remunerdtion and beneflts During the year one of Ihe trustees received remuneration from Chester Boxers Lirnited. Amounts paid for salary tolalled £17,658 (2023.. £18,447) and pension contributions of £337 (2023.. £296}. Trustses, expenses The were no trustees expenses paid paid for the year ended 31 Juty 2024 nor for the y8ar ended 31 July 2023. 11 Employees Number of employees The average monlhty number of employees during the year was: 2024 Number 2023 Number Employment costs 2024 2023 Wages Pensions 17,679 337 18,447 296 18,016 18,743 12 Taxatlon The charity is exempt from tax on income and gains falling wllhin section 505 of the Taxes Act 1988 or section 252 of the Taxationof Chargeable Gains Act 199210 the extent that these are applied to its charitable obje¢ts. 14-

CHESTER BOXERS LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY2024 13 Tangible fixod assets Improvements Io PTOPgrty Plant and Flxtures and M¢)tor vohl¢l•s ma¢hln•ry flttlng¥ Totsl Cost At 1 August 2023 12,210 276,448 11,457 3,840 303,955 At 31 July 2024 12,210 276,448 11.457 3,840 303.955 Depreclation and Impalmient At 1 Augusl 2023 Depreciation charged in the year 12,210 196.234 20.054 11,038 253 3,296 82 222,778 20,389 At 31 July 2024 12,210 216,288 11,291 3,378 243,167 Carrylng amount At 31 Juty 2024 60.160 166 462 60,788 At 31 Juty 2023 80,214 419 544 81,177 14 DebtorJ 2024 2023 Amounts falllng due within one year: Prepaymènts and accrued inGome 254 254 15 Stocks 2024 2023 Stocks 1,51)0 1.430 16 Loans and overdrafts 2024 2023 Olher loans 30,800 31,000 Payable within one year 30.800 31,000 At 31 st July 2024 £30,800 {2023'. £31,000) 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 JULY2024 17 Credltors: amounts falllng due within one year 2024 2023 Loan Olh8r taxation and soal security Other creditors Accruals and deferred income 30,800 3,198 339 5.719 31,000 4,018 311 4.325 40,056 39,654 18 Analysis of net a$sets between funds Unre$trfctod Unrestrlcted funds funds 2024 2023 Fund balances at 31 July 2024 are presented by.. Tangible assets Current assetsl(liabilitiesl 60,788 (36,680) 81,177 (35,832) 24,108 45,345 19 Related party trangactions There were no disc105able related party transactions during the year (2023- none). 16-