REGISTERED CHATy NUMBER: 1145055 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMEIYTS FOR THE YEAR ENDED 30 JUNE 2024 FOR REPTON BOXING CLUB Ashford Louis Chartcrcd Ccrtiflcd Accountants 187 Higb Road Leyton London E15 2BY
REPTON BOXING CLUB COIYTENTS OF THE FINAIYCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 Page Reference and Administrative Details Report of the Trustees Independent Examiner's Report Statement of Fillanciul Activitles Statement of FiDancial Posltlon Notes to the Financial Statements 7 to 11 Detailed Statement of Financial Aetlvldes 12
REPTON BOXING CLUB REFERENCE AND ADMINISTRATIVE DET FOR E YEAR ENDED 30 JUNE 2024 TRUSTEES David J RobiD8on Ryan Pickard Darren Barker Gary Cook Maurice Hope David Hill Wendel Henry Ergin Omer Jolm Rider Adebayo Olawale Edun Chris Medina Jolm Murphy Tracey Jago PRINCIPAL ADDRESS 2-10 Ezra Street London E2 7RH REGISTERED CHAIUTY IYUIVIBER 1145055 INDEPENDENT EXAMINER Ashford Louis Ch&rtcred Certificd Accountants 187 High Road Leyton London E15 2BY REGISTERED OFFICE Cheshire Street Baths London E2 6EG BANKERS HSBC PLC 465 Bethnal Green London E2 9QW Page I
REPTON BOXING CLUB REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2024 The trnstees present their report with the financial statements of the charity for the year ended 30 June 2024. The trnstc¢s bave adopted the provision5 of Accounting and Reporting by Cbarities: Statem¢ut. of RecOMended Practice applicable to charities preparing their accounts ill accordance with the Financial Reporting Standard applicable in the UK and Republic of IreIand (FRS 102) (effective l January 2019). OBJEcfivES AND AcrivrrIES Objectives And aims The main objectives of tbe Charity are, the promotion of cott]mUDity participation in healthy recreation for the benefit of the inhabitants of the London borough of Tower Hamlets and the public generally. by the provision of facilities and opportunities for boxing. The Trustees confirn] that they have paid due regard to the guidance contain in tbe Charity Conllnission's general guidance on public benefit when reviewing the T'S aims aud objectives for the year. ACHIEVEMENT AND PERFORMANCE Thi5 season we are very proud of the efforts of all our boxers and volunteer coaches who have all worked very hard. We osted a tournament which was heid at York HalL on 27th November 2023 which we made a small profit to help fijnd the club. We also bosted our annual dinner show whith was h¢ld at the Brewery in Chiswell Street, City of London on 3 1st May 2024 which we mad¢ a small profit which will help fund the club. We achieved the following for our senior boxers, GB Tri nations senior elite u75kg gold medal, London senior development champion u54k& National senior development finalist u54kg 2 x London NAGBC Senxor class D Champion u60kg Portamao box cup senior elite u60kg champion, Haringey box cup u75kg gold medal BUCS U75kg Senior development ¢hampion, BUCS U54kg Senior development champion, BUCS U60k8 S¢nior Blite champion Women's winter box ¢up class B senior u60kg, capital box cup senior development u67kg champion, Capital box cup under 20's senior development u67kg champion and Capital box cup senior development u80kg champion We have achieved the following for our jUDior boxers, Schoolboy champion ¢lass B under 57kg Billy Dean Smith - now 3 times schoolboy champion winning ¢very year be has entered which is a great achievement. Junior champion under 50kg Humza Malik - now 4 times national champion and European champion. Humza will be representing England again this year at the Europeans. We have also 4 winners of the Ed Bilbey box cup. FINANCIAL REVIEW FIDallclal posltlon The charity has no material investtnents. This year although voluntary income increased slightly by 2.850/0, over all the club made a deficit of £l1.958.. Reserves policy The policy on reserves is that the same amount equal to three months expenditure are held in liguid fimds and this level of reserve has been maintsined during most of the period in qutiOn. Coing eoncern No material uThcertainties related to events or conditions that may casts 5ignific3nt doubt on the ability of the Trust to continue as a going concern have bccn identified by the Trustees. FUTURE PLANS Next season we aim to achieve more success by entering as many compctitions as possible. We are going to hold a tournament at York Hall on 2nd Noven]ber 2025 alld will be holding our annual dinner show at the Brewery City of IA)ndon on 30th May 2025 Repton versus Belfast Dockers BC. We aim for our boxers to achieve great results in this s up¢ouiing championships. STRUCTURE, COVERNANCE AND MANAGEIVIEP4T Governing document The charity is controlled by its goveming documenl a d¢¢d of trust and constitutes an unincorporated charity. Pagc 2
REYfoN BOXING CLUB REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2024 The Goveming Trust Deed was adopted on 01 September 2010 as amended on 05 Decernb¢i 2011. The Club registered as a charity on 14 December 2011. The tru5t¢¢s were appointed by agreement of a quorum of the current trustees. The trustees met at least once a month during the year. The day to day operation of the charity is controlled and managed by the trustees. The charity is affiliated to the ABA of England, London ABA, and The Federation of London Youth Clubs. Risk managemeDt The tnteeS have assessed the major risks to which the charity is exposed, in particular those relating to the operations and fmances of the Charity and are satisfied that systems and controls are in place to mitigate their exposure to the major risks. Approved by order of the board of trustees on .....Xw o4-.: IS . and signed on its behalf by: Davxd J Robinson- Trustee Page 3
INDEPENDENT EXAMINER'S RE RT TO THE TRUSTEES OF REPTON BOXtNG CLUB Independent examlner's report to the trustees of Repton Boxing Club I report to the charity trustees on my examination of tbe accounts of Repton Boxing Club (the Ttust) for the year ended 30 Julle 2024. RespoDsibilities and basis of report As the charity tntee8 of the Trust you are responsible for the pryaration of the accounts in acwrdance with the requirements of the Charities Act 201 I Cthe Act,). I report in respect of my examination of the Trust's accounts cattied out under Section 145 of the Act and in carrying out my Cxamination I have followed all applicable Directions given by the Charity Con]mission under Section 145(5)(b) of the AGt. Independent examiner's statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the exatnination giving me cause to believe that in any material respect: accounting records We not k¢pt in respect of the Trust as required by Section 130 of the Act. or the accounts do not accord with those records. or the accounts do not comply with the appIicable requirements concerning the form and content of accounts set out in the ChleS (Accounts and Reports) Regulations 2008 other than any requirernent that the accounts giv¢ a tNe and fair view which is not a matter considered as part of an Independent exarnination. 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. Hayford Doh (FCCA) Ashford Louis Chartered Certified Accountants 187 High Road Leyton London EL5 2BY Date: ... fltyl Page 4
REPTON BOXING CLUB STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2024 30.6.24 Unrestricted nd 30.6.23 Total funds Notes INCOME AND ELYDOWMENTS FROM Donations and legacies EXPENDITURE ON Raising funds 71,038 76,662 Charltsble actlvltles Cost of charitable activi¢s Governance costs 33,493 1,764 35,852 3J72 Total 106.295 115,886 NET JF4COMEI(EXPENDITURE) (11,958) (24,158) RECONCILIATION OF FUNDS Total fvnds brought forward l 12,429 136,587 TOTAL FUNDS CARRIED FORWAR 100.471 112.429 The notes forn] part of these financiaI statements Page 5
REPTON BOXtN CLUB STATEMENT OF FINANCIAL POSITIOFI 30 JUNE 2024 30.6.24 Utw¢strActed fund 30.6.23 Total funds Nptes FIXED ASSETS Tangible assets 985 1,022 CURRENT ASSETS Debtors Cash at bank 16,368 96.539 103 740 103,740 112,907 CREDoRs Amounts falling due within one year (4254) (1,500) NET CURRENf ASSETS 99,486 TOTAL ASSETS LESS CURRENT LIABILITIES 100,471 112,429 NET ASSETS 100 471 112429 Unrestricted funds 100,471 112429 TOTAL FUNDS 100,471 112,429 The financial statements were approved by the Board of Trust¢¢s and authorised for issue on . and were signed on its behalf by: David J Robinson- Chair Tracey Jago - Treasurer The notes forni part of these financial statements Page 6
REPTON BOXING CLUB NOTES TO THE FINANCIAL STATEMENTS FOR YKAR ENDED 30 E 2024 ACCOUNTING POLICIES Basis of preparing the fmancial statements The financial statements of the charity, 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 thariti¢s preparing their accounts in accordallGe with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019),, Financial Reporting Staudgwd 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The finallci statements have been prepared under the historical cost convention. Income resDuree8 All inciuniThg Tesources are included in the statement of fmancial activities when the charity is entitled to the income and the atnount can be quantified with reasonable accuiacy. The following specific poliGies are applied to particular categories of iDcoino: Voluntary income is received by way of tournament,subscriptions, donations and fiIming and is included in full in the statement of financial activities when re¢¢ivable. Grants Whe entitlement is not Conditional on the delivery of a specific perfotn]ance by th¢ charity, are recognised when the Gharity becomes unconditionally entitled to the granL Donated services and facilities are included at the value to the charity where this can be quantified. The value of 5ervice5 provided by volunteers has not been included. Gifts donated for resale are included as incotning r¢sOurS within activities for generating fund5 when they are 801d. Grants, including grants for the purchase of f¢d a&sets, are recogllised in full in the statement of financial activities in the year in which tbey are receivable. Resource expanded Expenditrjre is recognised orA aD accrtml basis as a liability is incutre(L Bxpcnditure includes any VAT which cannot be fijlly recovered, and is reported as part of the expenditure to which it relates. Costs of generating fjjnds cornprise the Costs associated with attracting voluntary income and the costs of trading for fimdraising purposes including the charity's shop. Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its bclleficiarics. It includes both costs that can be aIlocated directly to such activities and those costs of an indirect natytt necessary to support them. Fundraising costs are those incUed in seeking voluntary contributions and do not include the costs of dissemillating infomiation in support of the charitable activities. Support cost5 are those costs incuffed ditectly in support of expenditure on the objects of the chaTAty and include project management. Tangible red assets Depreciation is provided at the following annual rates in order to write off each asset over its cstimated usefiil lifc. Long leasehold Fixtures and fittings in accordance with the property 250/0 on reducing balance A 999 years lease has been negotiated with th¢ lalldlor(L The lease stipulates pepewom rental charges and consequently no rent has been accrued in either ¢utr¢nt or previou5 y¢ars. Taxatlon The charity is ¢K¢snpt from tax on its charitable activitie5. Pag¢ 7 continued...
REPTON BOXING CLUB NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 30 J NE 2024 ACCOUNTING POLICIES - Continued Fund accountlng Unr¢stri¢t¢d funds can be used in accordance with the charitable objectives at the discretion of the ttees. Restricted funds can only be used for particular restricted purposes within the obje¢ts of the Gharity. Restrictions arise when specified by the donor or when fjjnds are raised for particular restri¢t¢d putPOS¢S. Further ¢xplanation of the nature and pUoSe of each fimd is included in the notes to the financial statements. Hfire purchase and leaslng commltments Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease. TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, r¢muneratiorA or oth¢r b¢n¢fits for the year ended 30 June 2024 nor for the year cllded 30 June 2023. Trustees, eiptnses Ther¢ werc no trustees, expenscs paid for the year ended 30 June 2024 nor for the year ended 30 June 2023. COMPARATIVES FOR THE STATEMEIYT OF FINANCIAL ACTIVITIES Unst[l¢led fund INCOME AND ENDOWMENTS FROM Donations and legacies EXPENDITUiiE ON Raisxng funds 76,662 Ch8rltible actlvltles Cost of charitable activies Governance costs 35,852 Total 115886 NET INCOME/(EXPEIYDITURE) (24,158) RECONCILIATION OF FUNDS Tothl fLmds brought forward 136.587 TOTAL FUNDS CARRIED FORWARD 112429 Page 8 ontinued...
RKPTON BOXING CLUB O THE FINAIYCIAL STATEMENTS- continued FOR THE YEAR ENDED 30 J 24 TANGIBLE FIXED ASSETS Fixtures Long leasehold fittings Totsls COST At l July 2023 and 30 June 2024 938 2.(106 2.944 DEPRECIATION At l July 2023 Charge for year 24 1,898 36 1.922 37 At 30 June 2024 25 1.934 l.959 NET BOOK VALUE At 30 June 2024 913 72 985 At 30 June 2023 914 108 DEBTORS: AMOUNTS FALLING DUE THIN OIYE YEAR 30.6.24 30.6.23 Prepayments cREDORS. Amouwfs FALLtNG DUK THIN ONE YEAR 30.624 30.623 Other creditors MOVEMENT IN FUls Net movement in funds At 30.624 At 1.7.23 Unrestrlcted fllnds General fund 112.429 (11,958) 100,471 TOTAL FUNDS 112429 11.958) 100.471 Net movement in fimds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fjjnd 94337 (106,295) (11.958) 94.337 106295 11,958 Page 9 continued...
REPTON BOXtN CLUB NOTES TO THE FINANCIAL STATEMENTS - eontillued FOR THE YEAR ENDED 30 JUNE 2024 MOVEMENT IN FUNDS - continued Comparatlves for movement In funds Net movement in funds At 30.6.23 At 1.7.22 Unrestrlcted funds General fund 136,587 (24,158) 112,429 136.587 24,158 112.429 Comparative net movement in llds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General futtd 91,728 (115,886) (24.158) TOTAL FUNDS 91,728 115,886 24.158) A Current year 12 months and prior year 12 months combined position is as follows: Net movement in fijnds At 30.6.24 At 1.7.22 Unrestricted funds General fund 136,587 (36,116) 100,471 TOTAL FUNDS 136 587 36.116 100.471 A cUt year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: Incorning resources Resources expended Movement in fidS Unrestricted funds G¢neral fund 186,065 (222,181) (36,116) TOTAL FUNDS 186.065 222.181 36.116) Page 10 continue(L..
REPTON BOXING CLUB NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED O JUTAE 2024 RELATED PARTY DISCLOSURLS There were no related party transactions for the year ended 30 Jun¢ 2024. Pagell
REPTON BOXING CLUB DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2024 30.6.24 30.6.23 INCOME AND ENDOWMENTS Donatlons and legacie5 Tournament income Donations Filming income Subscriptxons Sponsorship 43,721 7,000 20,060 1,500 38,122 1,790 45,970 846 94,337 91,728 Total ineoming resources 94,337 91,728 EXPENDTfuRE Other trading activities Tournament expenses Filming costs 31,255 39,783 38,584 38,078 71,038 76,662 CharAtable activities Cleaning costs Rates and water Insurance Telepbone Postage and stationery Advertising and website costs Hotel, lodging and travel exp A. B A Registrations Trainerfs fees Repairs and renewals Long leasehold Fixtures and fittin88 291 761 2,603 2,475 358 935 18.546 5,466 1,950 70 805 182 2,987 2,371 856 1,778 17,760 5,159 2.200 1.715 37 38 33,493 35,852 Support Costs Governance costs Accountancy and legal fees Professional and legal fees Independent examinerfs fee Bank charges 700 900 1,793 600 79 950 114 Total r¢sourtts expended 106,295 115.886 Net expeDditure 11,958) 24 158) This page does not forni part of the statutory fmancial statetnents Page 12