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2021-06-30-accounts

Company Registration No. 06624729 (England and Wales)

Registered Charity No. 1133635 (England and Wales)

WOLVERHAMPTON AMATEUR

BOXING CLUB

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021

WOLVERHAMPTON AMATEUR BOXING CLUB

COMPANY INFORMATION

Trustees G Bate N R Griffiths J Buckle S Bedi R G Carter Directors G Bate N R Griffiths R G Carter Company Secretary G Bate Independent examiner Teepee Accountancy Services Limited 123 Tipton Road Woodsetton Dudley DY3 1BZ Registered office 9 Willenhall Road Wolverhampton West Midlands WV1 2HL

WOLVERHAMPTON AMATEUR BOXING CLUB

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 30 JUNE 2020

The trustees who are also directors of the charity for the purposes of the Companies Act 2006 present their report with the financial statements of the charity for the year ended 30th of June 2020. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1st of January 2015).

Objectives and activities

Objectives and aims

The purpose of the charities is to provide opportunities for young people aged 8 upwards to take part in the sport of amateur boxing supported by qualified coaches.

We work with schools the probation service and NACRO providing health advice through keep fit and healthy exercise. The club is open to all members of the community and is working with others to support disadvantaged people and communities in Wolverhampton.

Public benefit

The Trustees have paid due regard to the guidance issued by the Charity commission on the subject of public benefit and consider activities, aims and strategies are for the public benefit.

Achievement and performance

Wolverhampton Amateur Boxing Club has continue to grow in numbers over the past 12 months. Due to Covid 19 restrictions however for three months the club had to remain closed due to government guidelines.

Structure governance and management

Governing document

The charity is controlled by the governing document a deed of trust and constitute a limited company limited by guarantee as defined by the Companies Act 2006.

The Boxing Club is a registered charity number (1133635) established by the incorporation of the company limited by guarantee on the 19th of June 2008

Organisational structure

The clubs is exclusively run by volunteers. All coaches and volunteers are DBS checked and are first aid training. The the club pay the cost of all ABA coaching qualifications for the volunteers.

Risk management

The principal risks faced by the club lie in it’s ability to attract donations from local businesses to ensure that the club can continue to offer amateur boxing to the local community.

Approved by order of the board of trustees on the 28th of March 2022 and signed on it’s behalf by:

…………………………… G Bate - Trustee

WOLVERHAMPTON AMATEUR BOXING CLUB

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF WOLVERHAMPTON AMATEUR BOXING CLUB

I report to the charity trustees on my examination of the accounts of the company for the year ended 30th of June 2021

Responsibilities and basis of report

As a charity’s trustees of the company (and also its directors for the purpose of company law) you are responsible for the preparation of accounts in accordance with the requirements of Companies Act 2006.

Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination, I report in respect of my examination of your charity’s account as carried out on the section 145 of the Charities Act 2011. In carrying out my examination I have followed the directions given by the Charity Commission under section 145 (5) (b) of the Charities Act 2011.

Independent examiner’s statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination given me cause to believe:

I 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 accounts to be reached.

…………………………………………….

Jason Cresswell FCCA

Teepee Accountancy Services Limited 123 Tipton Road Woodsetton Dudley DY3 1BZ

29[th] March 2022

WOLVERHAMPTON AMATEUR BOXING CLUB

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 30 JUNE 2021

Notes
INCOME AND ENDOWMENTS
Donations and legacies
Other trading activities
Other operating income
Total
EXPENDITURE
Raising funds
Charitable activities
Total
NET INCOME
RECONCILIATION OF FUNDS
Total Funds brought forward
TOTAL FUNDS CARRIED
FORWARD		 Unrestricted
fund
£
25,801
-
11,374
37,175
-
36,849
36,849
326
51,099
51,425		 Restricted
fund
£
-
-
-
-
-
-
-
-
-
-		 30.06.21
Total
funds
£
25,801
-
11,374
37,175
-
36,849
36,849
326
51,099
51,425		 30.06.20
Total
funds
£
22,132
1,200
11,024
34,356
-
21.347
21.347
13,009
38,090
51,099

WOLVERHAMPTON AMATEUR BOXING CLUB

BALANCE SHEET

AS AT 30 JUNE 2021

Notes
Fixed assets
Investments
6
Tangible assets
7
Current assets
Cash at bank and in hand
Creditors: amounts falling due within
one year
8
Net current assets
Total assets less current liabilities
Capital and reserves
Unrestricted Funds
10		 2021
Unrestricted
Funds
£
£
8,204
14,885
23,089
30,826
(2,490)
28,336
51,425
51,425		 2020
Unrestricted
Funds
£
£
8,204
3,078
11,282
43,517
(3,700)
39,817
51,099
51,099		 2020
Unrestricted
Funds
£
£
8,204
3,078
11,282
43,517
(3,700)
39,817
51,099
51,099
11,282
39,817
51,099
51,099

For the financial year ended 30 June 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The trustees acknowledge their responsibilities for:

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 29[th] March 2022 and are signed on its behalf by:

………………………………………………. G Bate - Director

Company Registration No. 1133635

WOLVERHAMPTON AMATEUR BOXING CLUB

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2021

1 ACCOUNTING POLICIES

Basis of preparing financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland (FRS 102) (effective January 2015) “, Finance Reporting Standard 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland“ and the Companies Act 2006. The financial statements have been prepared under the historical cost convention with the exception of investments which are included a market value.

There were no material departures from the standard.

The presentation currency is £ sterling.

Finance reporting standard 102-reduced disclosure exemptions

The charity has taking advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland”:

Critical accounting judgements and key sources of estimation uncertainty

The preparation of the financial statements requires the trustees to make judgements, estimates and assumptions that affect the amount reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Company status

The charity is a company limited by guarantee. The members of the company are the Trustees named on the information page. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity.

Income

All income is recognised in the statement of Financial Activities once the charity is entitlement to the funds it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to the expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount to the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following rates in order to write off each asset over its estimated useful life:

Fixtures and fittings - 25% per annum on a straight- line basis Commercial Vehicles - 25% per annum on a straight- line basis

Taxation

The charity is exempt from corporation tax on his charitable activities.

Fund accounting

Unrestricted funds can be used in accordance to the charitable objectives at the discretion of the Trustees. Restricted funds can only be used for particular restrictive purposes within the object to the charity.

WOLVERHAMPTON AMATEUR BOXING CLUB

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2021

2
Other trading activities
Room hire
3
Other Operating Income
Small business rates grant
Coronavirus job retention scheme		 2021
£
-
-
2021
£
9,669
1,705
11,374		 2020
£
1,200
4,200
2020
£
10,000
1,024
11,024

4 Trustees Remuneration and benefits

There were no Trustees Remuneration nor benefits paid during the year.

5 Staff Costs

The average monthly number of staff during the year was 1 (2020 = 1)

6 Fixed asset investments

Fixed asset investments
John B Thomas
Memorial Collection
£
Cost
At 1 July 2020 and 30 June 2021 8,204
Amortisation and impairment
At 1 July 2020 and 30 June 2021 -
Carrying amount
At 30 June 2021 8,204
At 30 June 2020 8,204

The above represents an investment in neither listed nor unlisted investment.

WOLVERHAMPTON AMATEUR BOXING CLUB

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2021

7
Tangible fixed assets
Cost
At 1 July 2020 and 30 June 2021
Additions in the year
Depreciation and impairment
At 1 July 2020
Depreciation charged in the year
At 30 June 2021
Carrying amount
At 30 June 2021
At 30 June 2020
8
Creditors: amounts falling due within one year
`
Other creditors
9
Related party transactions
There were no related party transactions during the year.
10 Movement in funds
Unrestricted funds
General fund
Total Funds
Net Movement in funds, included in the
above are as follows:
Unrestricted funds
General fund
Total Funds
At 1.7.20
51,099
51,099
Incoming
resources
37,175
37,175		 Tangible fixed assets
£
32,822

20,239
53,061
29,743
8,433
38,177
14,884
3,078
2021
2020
£
£
2,490
3,700
2,490
3,700
Net
Movement
At
30.06.21
In funds
326
51,425
326
51,425
Resources
expended
Movement
in funds
36,849
326
36,849
326		 assets
£
32,822
20,239
53,061
29,743
8,433
38,177
14,884
3,078
2020
£
3,700
3,700