**Charity registration number 1146661**
## **ST. MARY'S ABC**
## **ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 31 JULY 2025**
Star House Star Hill Rochester Kent ME1 1UX
## **ST. MARY'S ABC**
## **CONTENTS**
||**Page**|
|---|---|
|Trustees' report|1 - 5|
|Independent examiner's report|6|
|Statement of financial activities|7|
|Statement of financial position|8|
|Notes to the financial statements|9 - 16|
## **ST. MARY'S ABC**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
|**Trustees**|Mr C Simmons|
|---|---|
||Mr R Cane|
||Mr A Devell|
||Mrs R Simmonds|
|**Chair**|Mr J Xavier|
|**Charity number**|1146661|
|**Principal address**|1 Street End Road|
||Chatham|
||Kent|
||ME5 0BS|
|**Registered office**|1 Street End Road|
||Chatham|
||Kent|
||ME5 0BS|
|**Independent examiner**|TC Group|
||Star House|
||Star Hill|
||Rochester|
||Kent|
||ME1 1UX|
## **ST. MARY'S ABC**
## **TRUSTEES' REPORT**
## _**FOR THE YEAR ENDED 31 JULY 2025**_
The trustees present their annual report and financial statements for the year ended 31 July 2025.
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 Charities Act 2011 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 1 January 2019).
## **Objectives and activities**
The charity’s annual principal objective continues to be to promote community participation in healthy recreation by the provision of facilities for amateur boxing. The charity continues to have the general aim of contributing to external partners by providing access to the use of the facilities.
The objective of St Mary’s Amateur Boxing Club is to promote community participation in healthy recreation through the provision of facilities for amateur boxing.
Our committee treasurer and funding officer Gillian Bowen retired during this period but the Charity has retained her services as an AAT qualified Bookkeeper to ensure independent collation and oversight of the Charity’s finances.
Trustee and Vice Chair Craig Simmons has taken on the role of treasurer.
One of our boxing coaches Phil Butters has resigned from the club due to a change of personal address which means he is no longer able to travel to the club. Phil has joined a further England Boxing affiliated club; we wish him all the best and look forward to seeing him at future competitions.
The club still maintains nine Boxing coaches which is more than sufficient to meet the demands of the club. In addition to the above for the year 2025/2026 we have a volunteer who is undergoing initial training to become an England Boxing affiliated boxing coach and a further person who has volunteered to attend the relevant courses to become our new safeguarding and child officer.
All policies and procedures have been reviewed and remain current.
A new Financial Reserves Policy was introduced, which is detailed below.
## **Achievements and performance**
St Marys Amateur Boxing Club works with children, young adults and seniors to provide a safe and friendly environment for them to participate in physical activity and learn core values to develop into kind and considerate members of the local community.
We cater for keep fitters, recreational boxers and those that wish to progress into competitive boxing. We continue to host community sessions for those who suffer from Parkinson’s and offer free curriculum vitae and interview preparation for our boxers and their guardians.
Our commitment is to eliminate discrimination by reason of gender, sexual orientation, race, nationality, ethnic origin, religion or belief, ability or disability and to encourage equal opportunities.
- 1 -
## **ST. MARY'S ABC**
## **TRUSTEES' REPORT (CONTINUED)**
## _**FOR THE YEAR ENDED 31 JULY 2025**_
It’s been a productive year with the club securing a new five-year lease for the use of the premises and maintaining England Boxing affiliation accreditation.
Significant work with the installation of a new heating /air conditioning unit and associated loft insulating has contributed to a more comfortable training environment for our boxers.
No further significant repairs were carried out, and it is not anticipated that further work will need to be completed during the year 2025/2026.
The surprise opening of a new boxing club within our catchment area was a concern, however, Income from subs and 1-2-1 contributions has remained consistent.
Progress during this period has been made with the aspiration of building a new club premises within Shipswright Avenue, Chatham.
An architect has been commissioned to update plans for a steel structure building which will be more affordable and realistic to finance. The architect will also assist in planning permission. Once we are aware of the cost implications, we will be in a stronger position to apply for funding.
To ensure there are sufficient trained staff to manage the club, all coaches are individually qualified to deliver England Boxing Affiliated activities and continue to complete mandatory development training including Boxing Courses, First Aid and DBS checks. All the coaches at St Marys Amateur Boxing Club are appropriately qualified.
On Friday 16th August 2024 we held our Annual Awards night which was well attended by boxers and their guardians. This provided an opportunity to reward all members of the club in a social environment with a disco. All the children were presented with a medal, and individual awards were awarded by the coaches for both children and senior boxers for the following:
Most Dedicated Best Prospect Best newcomer Loyalty award
The awards ceremony also provided an opportunity for the boxers to vote for their ‘Boxers Boxer’ recipient, and a further boxer received the prestigious ‘Fred Ludlow Shield’ which is awarded to the Boxer who has achieved the best results across the boxing season.
A new award introduced this year titled ‘The Social Growth Award’ in recognition of outstanding personal development in social skills, confidence and positive interaction with others was well received and will remain as a category moving forward.
On Friday 15th November 2024 and Saturday 15th February 2025 St Marys Amateur Boxing Club hosted its home shows at Lordswood Leisure Centre which saw boxers from clubs across the Country compete in England Boxing Affiliated competition. Both shows were well attended and afforded both our newer and seasoned boxers the opportunity to partake in a ring walk complete with their chosen ring entrance song and showcase their development under the lights in front of friends and family.
- 2 -
## **ST. MARY'S ABC**
## **TRUSTEES' REPORT (CONTINUED)**
## _**FOR THE YEAR ENDED 31 JULY 2025**_
During this period, we established a good relationship with the Royal Engineers Army Barracks at Chatham, Kent which has provided both our and the Army boxers with further training opportunities including sparring at our club and the Army facilities. The St Mary’s Amateur Boxing Club home shows included bouts involving Army boxers which provided them with valuable experience in competition as they seek to develop their skills to represent their individual Regiments within military boxing competitions.
At a national level our boxers achieved the following:
Final- Home Counties boxing competition Semifinal- National School boys boxing competition Final -Juniors boxing competition
## **Financial review**
Total income for the year decreased to £29,802 compared to £30,938 in 2024, this is due to decreases in memberships and private hire.
Total expenditure has remained consistent this year, £28,450 compared to £26,582 in 2024.
Overall, this has resulted in a surplus for the year of £1,352 with funds increasing from £95,971 to £97,323 at the year end.
## **Reserves policy**
It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to six months expenditure equating to £13,000. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.
## **Structure, governance and management**
The governing document of the Charity is dated 1st September 2011. The Charity is incorporated as a charitable incorporated organisation.
The trustees who served during the year and up to the date of signature of the financial statements were: Mr C Simmons Mr R Cane Mr A Devell Mrs R Simmonds
- 3 -
## **ST. MARY'S ABC**
## **TRUSTEES' REPORT (CONTINUED)**
## _**FOR THE YEAR ENDED 31 JULY 2025**_
The trustees are elected to position.
The Committee consists of the following:
Chair – Jerome Xavier Vice Chair & Treasurer – Craig Simmons Club Secretary – Richard Cane Competition Secretary – Aaron Devell Safeguarding and child officer – Jerome Xavier
The trustees previously held 4 ordinary meetings a year to discuss all strategic and significant tactical decisions are taken and ratified. These meeting resulted in new processes/procedures and roles and responsibilities and policies being formed in the year end July 2024. These new operating procedures have proven to work well and as such ordinary meetings have been reduced to twice a year. In addition, the trustees hold a meeting prior to any home show.
## **Plans for the future**
For the year 2025/2026 it is the intention of the Charity to continue with our core annual principal objective to work with children, young adults and seniors to provide a safe and friendly environment for them to participate in physical activity and learn core values to develop into kind and considerate members of the local community.
Progression of aspiration for new premises.
- 4 -
## **ST. MARY'S ABC**
## **TRUSTEES' REPORT (CONTINUED)**
## _**FOR THE YEAR ENDED 31 JULY 2025**_
## **Statement of trustees' responsibilities**
The trustees are 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).
The law applicable to charities in England and Wales requires the trustees to prepare financial statements 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 of the charity 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 reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping sufficient 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 Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees' report was approved by the Board of Trustees.
..............................
Mr R Cane
## **Trustee**
Date: .............................................
- 5 -
## **ST. MARY'S ABC**
## **INDEPENDENT EXAMINER'S REPORT**
## **TO THE TRUSTEES OF ST. MARY'S ABC**
I report to the trustees on my examination of the financial statements of St. Mary's ABC (the charity) for the year ended 31 July 2025.
## **Responsibilities and basis of report**
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).
I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
- 1 accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or
- 2 the financial statements do not accord with those records; or
- 3 the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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 financial statements to be reached.
## **Sally Meah, FCCA On behalf of TC Group**
## **Star House**
Star Hill Rochester Kent ME1 1UX
Dated: .........................
- 6 -
## **ST. MARY'S ABC**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT**
## _**FOR THE YEAR ENDED 31 JULY 2025**_
|**Unrestricted**
**Unrestricted**
**Restricted**
**funds**
**funds**
**funds**
**2025**
**2024**
**2024**
**£**
**£**
**£**
**Income from:**
Donations and legacies
**2**
2,763
1,572
100
Charitable activities
**3**
27,039
29,266
-
**Total income**
29,802
30,838
100
**Expenditure on:**
Charitable activities
**4**
28,450
26,482
100
**Total expenditure**
28,450
26,482
100
**Net income**
1,352
4,356
-
**Other recognised gains and losses:**
Revaluation of tangible fixed assets
-
15,843
-
**Net movement in funds**
**6**
1,352
20,199
-
**Reconciliation of funds:**
Fund balances at 1 August 2024
95,971
75,772
-
**Fund balances at 31 July 2025**
97,323
95,971
-|**Total**
**2024**
**£**
1,672
29,266|
|---|---|
||30,938
26,582|
||26,582|
||4,356
15,843|
||20,199
75,772|
||95,971|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
- 7 -
## **ST. MARY'S ABC**
## **STATEMENT OF FINANCIAL POSITION**
## _**AS AT 31 JULY 2025**_
|**Notes**
**Fixed assets**
Tangible assets
**10**
**Current assets**
Debtors
**11**
Cash at bank and in hand
**Creditors: amounts falling due within one**
**year**
**12**
**Net current assets**
**Total assets less current liabilities**
**Net assets excluding pension liability**
**The funds of the charity**
Unrestricted funds|**2025**
**£**
1,762
43,426
45,188
(2,330)|**£**
54,465
42,858
97,323
97,323
97,323
97,323|**2024**
**£**
950
42,034
42,984
(1,756)|**£**
54,743
41,228|
|---|---|---|---|---|
|||||95,971|
|||||95,971|
|||||95,971|
|||||95,971|
The financial statements were approved by the trustees on .........................
.............................. Mr R Cane
## **Trustee**
- 8 -
_**FOR THE YEAR ENDED 31 JULY 2025**_
## **ST. MARY'S ABC**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **1 Accounting policies**
## **Charity information**
St. Mary's ABC is a charitable incorporated organisation, incorporated in England and Wales. The registered office is 1 Street End Road, Chatham, Kent, ME5 0BS.
## **1.1 Accounting convention**
The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011, 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: 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 Statement of Cash Flows.
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 £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties at fair value. The principal accounting policies adopted are set out below.
## **1.2 Going concern**
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 Charitable funds**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
## **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.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
- 9 -
## **ST. MARY'S ABC**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 JULY 2025**_
## **1 Accounting policies**
**(Continued)**
## **1.5 Expenditure**
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 of the asset’s use.
## **1.6 Tangible fixed assets**
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Freehold land and buildings Nil% Plant and equipment 25% reducing balance Motor vehicles 25% reducing balance
Freehold land and assets in the course of construction are not depreciated.
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.
## **1.7 Financial instruments**
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial 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.
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 or to 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 and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
- 10 -
## **ST. MARY'S ABC**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 JULY 2025**_
## **1 Accounting policies**
## **(Continued)**
## _**Basic financial liabilities**_
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors 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 within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
## _**Derecognition of financial liabilities**_
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
## **2 Income from donations and legacies**
||**Unrestricted**|**Restricted**|**Total**|**Unrestricted**|**Restricted**|**Total**|
|---|---|---|---|---|---|---|
||**funds**|**funds**||**funds**|**funds**||
||**2025**|**2025**|**2025**|**2024**|**2024**|**2024**|
||**£**|**£**|**£**|**£**|**£**|**£**|
|Donations and gifts|2,763|-|2,763|1,572|100|1,672|
## **3 Income from charitable activities**
||**Unrestricted**|**Unrestricted**|
|---|---|---|
||**funds**|**funds**|
||**2025**|**2024**|
||**£**|**£**|
|Subs & training|20,089|21,198|
|Homeshows & competitions held|5,640|7,168|
|Rental income|1,310|900|
||27,039|29,266|
- 11 -
## **ST. MARY'S ABC**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 JULY 2025**_
## **4 Expenditure on charitable activities**
|**Direct costs**
Meeting and competition costs
Show costs
**Share of support and governance costs (see note 5)**
Support
Governance
**Analysis by fund**
Unrestricted funds
Restricted funds|**2025**
**£**
7,683
4,837
12,520
13,757
2,173
28,450
28,450
-
28,450|**2024**
**£**
7,328
1,973|
|---|---|---|
|||9,301
15,643
1,638|
|||26,582|
|||26,482
100|
|||26,582|
- 12 -
## **ST. MARY'S ABC**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 JULY 2025**_
|**5**
**Support costs**
**Support**
**costs**
**Governance**
**costs**
**£**
**£**
Depreciation
1,328
-
Training and publications
451
-
Rent and rates
4,892
-
Light and heat
1,505
-
Insurance
1,304
-
Sundries
964
-
Advertising
119
-
Computer and website
costs
154
-
Repairs and maintenance
342
-
Travelling
180
-
Vehicle expenses
2,400
-
Postage and stationery
5
-
Bank charges
113
**-**
Independent
examination fees
-
2,173
13,757
2,173
Analysed between
Charitable activities
13,757
2,173|**2025**
**Support**
**costs**
**Governance**
**costs**
**£**
**£**
**£**
1,328
1,191
-
451
274
-
4,892
3,688
-
1,505
1,323
-
1,304
971
-
964
1,108
-
119
168
-
154
120
-
342
1,063
-
180
1,691
-
2,400
3,788
-
5
258
-
113
-
-
2,173
-
1,638
15,930
15,643
1,638
15,930
15,643
1,638|**2024**
**£**
1,191
274
3,688
1,323
971
1,108
168
120
1,063
1,691
3,788
258
-
1,638|
|---|---|---|
|||17,281|
|||17,281|
Governance costs includes invoices in relation to independent examination of £610 (2024- £578).
|**6**|**Net movement in funds**|**2025**|**2024**|
|---|---|---|---|
|||**£**|**£**|
||The net movement in funds is stated after charging/(crediting):|||
||Fees payable for the independent examination of the charity's financial|||
||statements|2,173|1,638|
||Depreciation of owned tangible fixed assets|1,328|1,191|
## **7 Trustees**
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
- 13 -
## **ST. MARY'S ABC**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 JULY 2025**_
## **8 Employees**
The average monthly number of employees during the year was:
||**2025**|**2024**|
|---|---|---|
||**Number**|**Number**|
|Total|-|-|
## **9 Taxation**
The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.
## **10 Tangible fixed assets**
|**Freehold land**
**and buildings**
**Plant and**
**equipment**
**Motor vehicles**
**£**
**£**
**£**
**Cost**
At 1 August 2024
52,454
14,195
5,745
Additions
-
1,050
-
At 31 July 2025
52,454
15,245
5,745
**Depreciation and impairment**
At 1 August 2024
-
11,906
5,745
Depreciation charged in the year
-
1,328
-
At 31 July 2025
-
13,234
5,745
**Carrying amount**
At 31 July 2025
52,454
2,011
-
At 31 July 2024
52,454
2,289
-
**11**
**Debtors**
**2025**
**Amounts falling due within one year:**
**£**
Prepayments
1,762|**Total**
**£**
72,394
1,050|
|---|---|
||73,444|
||17,651
1,328|
||18,979|
||54,465|
||54,743|
||**2024**
**£**
950|
- 14 -
## **ST. MARY'S ABC**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 JULY 2025**_
|**12**
**Creditors: amounts falling due within one year**
Deferred income
**13**
Trade creditors
Accruals
**13**
**Deferred income**
Other deferred income
Deferred income is included in the financial statements as follows:
Deferred income is included within:
Current liabilities
Movements in the year:
Deferred income at 1 August 2024
Released from previous periods
Resources deferred in the year
Deferred income at 31 July 2025|**2025**
**£**
120
60
2,150
2,330
**2025**
**£**
120
**2025**
**£**
120
60
(60)
120
120|**2024**
**£**
60
-
1,696|
|---|---|---|
|||1,756|
|||**2024**
**£**
60|
|||**2024**
**£**
60|
|||-
-
60|
|||60|
- 15 -
## **ST. MARY'S ABC**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 JULY 2025**_
## **14 Unrestricted funds**
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
|**At 1**
Revaluation reserve
General funds
**Previous year:**
**At 1**
Revaluation reserve
General funds|**August**
**2024**
**Incoming**
**resources**
**Resources**
**expended**
**Gains and**
**losses**
**At 31 July 2025**
**£**
**£**
**£**
**£**
**£**
15,843
-
-
-
15,843
80,128
29,802
(28,450)
-
81,480
95,971
29,802
(28,450)
-
97,323
**August**
**2023**
**Incoming**
**resources**
**Resources**
**expended**
**Gains and**
**losses**
**At 31 July 2024**
**£**
**£**
**£**
**£**
**£**
-
-
-
15,843
15,843
75,772
30,838
(26,482)
-
80,128
75,772
30,838
(26,482)
15,843
95,971|**August**
**2024**
**Incoming**
**resources**
**Resources**
**expended**
**Gains and**
**losses**
**At 31 July 2025**
**£**
**£**
**£**
**£**
**£**
15,843
-
-
-
15,843
80,128
29,802
(28,450)
-
81,480
95,971
29,802
(28,450)
-
97,323
**August**
**2023**
**Incoming**
**resources**
**Resources**
**expended**
**Gains and**
**losses**
**At 31 July 2024**
**£**
**£**
**£**
**£**
**£**
-
-
-
15,843
15,843
75,772
30,838
(26,482)
-
80,128
75,772
30,838
(26,482)
15,843
95,971|
|---|---|---|
|||95,971|
**15** Operating lease commitments
## **Lessee**
At the reporting end date the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:
|Within one year
Between two and five years|**2025**
**£**
4,680
13,650
18,330|**2024**
**£**
-
-|
|---|---|---|
|||-|
## **16 Related party transactions**
There were no disclosable related party transactions during the year (2024 - none).
- 16 -