| Pages | Pages | |
|---|---|---|
| Trustees' annual report (incorporating the director's report) | 1 to 4 | |
| Independent examiner's report to the trustees | 5 | |
| Statement of financial activities (including income and | ||
| expenditure account) | 6 | |
| Statement of financial position | 7 | |
| Notes to the financial statements | 8 | to 14 |
| The following pages do not form part of the financial statements | ||
| Detailed statement of financial activities | **16 ** | to 17 |
| 2021 | 2021 | 2020 | ||
|---|---|---|---|---|
| Unrestricted | ||||
| funds | Total funds | Total funds | ||
| Note | ||||
| Income and endowments | ||||
| Donations and legacies | 5 | 78,967 | 78,967 | 31,202 |
| Charitable activities | 6 | 126,499 | 126,499 | 213,938 |
| Other trading activities | 7 | 17,029 | 17,029 | 93,261 |
| Investment income | 8 | 16 | 16 | 41 |
| Total income | 222,511 | 222,511 | 338,442 | |
| Expenditure | ||||
| Expenditure on raising funds: | ||||
| Costs of other trading activities | 9 | 1,276 | 1,276 | 55,504 |
| Expenditure on charitable activities | 10,11 | 206,455 | 206,455 | 296,190 |
| Total expenditure | 207,731 | 207,731 | 351,694 | |
| Net income/(expenditure) and net movement in funds | 14,780 | 14,780 | (13,252) | |
| Reconciliation of funds | ||||
| Total funds brought forward | 110,581 | 110,581 | 123,833 | |
| Total funds carried forward | 125,361 | 125,361 | 110,581 |
| 2021 | 2020 | |||
|---|---|---|---|---|
| Note | ||||
| Fixed assets | ||||
| Tangible fixed assets | 17 | 74,805 | 81,861 | |
| Current assets | ||||
| Cash at bank and in hand | 104,096 | 32,260 | ||
| Creditors: amounts falling due within one year | 18 | 53,540 | 3,540 | |
| Net current assets | 50,556 | 28,720 | ||
| Total assets less current liabilities | 125,361 | 110,581 | ||
| Net assets | 125,361 | 110,581 | ||
| Funds of the charity | ||||
| Unrestricted funds | 125,361 | 110,581 | ||
| Total charity funds | 19 | 125,361 | 110,581 |
| Unrestricted Total Funds | Unrestricted Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2021 | Funds | 2020 | |
| Donations | ||||
| General donations | 36,316 | 36,316 | 26,202 | 26,202 |
| Grants | ||||
| Grants −London Borough of Islington Grants −Sport England |
32,651 10,000 |
32,651 10,000 |
5,000 | 5,000 |
| 78,967 | 78,967 | 31,202 | 31,202 |
| Unrestricted | Total Funds | Unrestricted | Total | Funds | ||
|---|---|---|---|---|---|---|
| Funds | 2021 | Funds | 2020 | |||
| Sale of goods as part of direct | ||||||
| charitable activities | 31,403 | 31,403 | 43,885 | 43,885 | ||
| Boxing classes and fees | 90,926 | 90,926. | 161,435 | 161,435 | ||
| Outreach sessions | 4,170 | 4,170 | 8,618 . | 8,618 | ||
| 126,499 | 126,499 | 213,938 | 213,938 | |||
| 7. | Other trading activities | |||||
| Unrestricted | Total Funds | Unrestricted | Total | Funds | ||
| Funds | 2021 | Funds | 2020 | |||
| £ | £ | £ | £ | |||
| Sponsorships | 5,800 | 5,800 | 5,000 | 5,000 | ||
| Fundraising events | − | − | 74,690 | 74,690 | ||
| Hire of facilities | 6,844 | 6,844 | 6,445 | 6,445 | ||
| Other activities | 4,385 | 4,385 | 7,126 | 7,126 | ||
| 17,029 | 17,029 | 93,261 | 93,261 | |||
| 8. | Investment income | |||||
| Unrestricted | **Total Funds ** | .Unrestricted | Total Funds | |||
| Funds | 2021 | Funds | 2020 | |||
| £ | £ | £ | £ | |||
| Bank interest receivable | 16 | 16 | 41 | 41 | ||
| 9. | Costs of other trading activities | |||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||
| Funds | 2021 | Funds | 2020 | |||
| £ | £ | £ | £ | |||
| Fundraising costs | 1,276 | 1,276 | 55,504 | . | 55,504 |
| 10. | Expenditure on charitable activi | ties by fund type | |||
|---|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2021 | Funds | 2020 | ||
| Direct charitable activities | 72,964 | 72,964 | 133,087 | 133,087 | |
| Support costs | 133,491 | 133,491 | 163,103 | 163,103 | |
| 206,455 | 206,455 | 296,190 | 296,190 | ||
| 11. | Expenditure on charitable activities by activity type | ||||
| Activities | |||||
| undertaken | − | . . Total funds |
−Total fund | ||
| directly Support costs | 2021 | 2020 | |||
| £ | £ | £ | £ | ||
| Direct charitable activities | 72,964 | 129,369 | 202,333 | 292,068 | |
| Governance costs | − | 4,122 | 4,122 | 4,122 | |
| 72,964 | 133,491 | 206,455 | 296,190 | ||
| 12. | Analysis of support costs |
| Total 2021 | Total 2020 | ||
|---|---|---|---|
| £ | £ | ||
| Premises | 37,206 | ||
| Communications and IT | 3,727 | ||
| General office | 7,434 | ||
| Governance costs | 4,122 | ||
| Depreciation | 6,662 | ||
| Awards | 3,300 | ||
| Professional fees | 48,010 | ||
| Minibus and travel costs | 29,982 | ||
| Sundry costs | 22,660 | ||
| 163,103 | |||
| All support costs are 100% allocated to the only charitable activity. | |||
| 13. | Net income/(expenditure) | ||
| Net income/(expenditure) is stated after charging/(crediting): | |||
| 2021 | 2020 | ||
| Depreciation of tangible fixed assets | 5,666 | 6,662 |
| 2021 | 2020 | |
|---|---|---|
| Fees payable to the independent examiner for: | ||
| Independent examination of the financial statements | 4,022 | 4,122 |
| Mr | R Hagland | 13,200 |
|---|---|---|
| Mr | L Hagland | 21,400 |
| Land and | Motor | |||
|---|---|---|---|---|
| buildings | vehicles | Equipment | Total | |
| Cost | £ | £ | £ | £ • |
| At 1 April 2020 | 61,554 | 45,521 | 28,992 | 136,067 |
| Additions | − | 3,333 | 3,333 | |
| Disposals | − | (22,521) | − | (22,521) |
| At 31 March 2021 | 61,554 | 23,000 | 32,325 | 116,879 |
| Depreciation | ||||
| At 1 April 2020 | − | 33,261 | 20,945 | 54,206 |
| Charge for the year | − | 1,507 | 4,159 | 5,666 |
| Disposals | − | (17,798) | − | (17,798) |
| At 31 March 2021 | 16,970 | 25,104 | 42,074 | |
| Carrying amount | ||||
| At 31 March 2021 | 61,554 | 6,030 | 7,221 | 74,805 |
| At 31 March 2020 | 61,554 | 12,260 | 8,047 | 81,861 |
| Creditors: amounts falling due within one year | ||
|---|---|---|
| 2021 | 2020 | |
| Bank loans and overdrafts | 50,000 | — |
| Accruals and deferred income | 3,540 | 3,540 |
| −, | 53,540 | 3,540 |
| Unrestricted funds | |||||
|---|---|---|---|---|---|
| At | |||||
| At | 31 March 202 | ||||
| 1 April 2020 | Income | Expenditure | 1 | ||
| Accumulated Fund | 110,581 | 222,511 | (207,731) | 125,361 | |
| At | |||||
| At | 31 March 202 | ||||
| 1 April 2019 | Income | Expenditure | 0 | ||
| Accumulated Fund | 123,833 | 338,442 | (351,694) | 110,581 | |
| 20. | Analysis of net assets between funds | ||||
| Unrestricted | Total Funds | ||||
| Funds | 2021 | ||||
| Tangible fixed assets | |||||
| Current assets | |||||
| Creditors less than 1 year | |||||
| Net assets | |||||
| CEIMIN= | |||||
| Unrestricted | Total Funds | ||||
| Funds | 2020 | ||||
| Tangible fixed assets | 81,861 | 81,861 | |||
| Current assets | 32,260 | 32,260 | |||
| Creditors less than 1 year | (3,540) | (3,540) | |||
| Net assets | 110,581 | 110,581 |
| 2021 | 2020 | |
|---|---|---|
| Income and endowments | ||
| Donations and legacies | ||
| General donations | 36,316 | 26,202 |
| Grants −London Borough of Islington Grants −Sport England |
32,651 10,000 |
5,000 |
| 78,967 | 31,202 | |
| Charitable activities | ||
| Sale of goods as part of direct charitable activities | 31,403 | 43,885 |
| Boxing classes and fees | 90,926 | 161,435 |
| Outreach sessions | 4,170 | 8,618 |
| 126,499 | 213,938 | |
| Other trading activities | ||
| Sponsorships | 5,800 | 5,000 |
| Fundraising events | 74,690 | |
| Hire of facilities | 6,844 | 6,445 |
| Other activities | 4,385 | 7,126 |
| 17,029 | 93,261 | |
| Investment income | ||
| Bank interest receivable | 16 | 41 |
| Total income | 222,511 | 338,442 |
| 2021 | 2020 | ||
|---|---|---|---|
| •Expenditure Costs of other trading activities |
|||
| Fundraising events | 1,276 | 55,504 | |
| Expenditure on charitable activities | |||
| Purchases | 20,775 | 28,553 | |
| Repairs and maintenance | 14,630 | 16,691 | |
| Insurance • Other establishment |
1,961 11,619 |
. 7,794 12,721 |
|
| Other motor/travel costs | 9,504 | 29,982 | |
| Legal and professional fees Telephone |
. | 55,422 3,489 |
. 52,132 3,727 |
| Other office costs | 18,397 | 7,434 | |
| Depreciation | 5,423 | 6,662 | |
| Affiliation and competition fees and Appreciation awards | 6,291 | 10,539 | |
| Coaching fees and courses | 49,898 | 97,295 | |
| Sundry expenses | 9,046 | 22,660 | |
| 206,455 | 296,190 | ||
| Total expenditure | 207,731 | 351,694 | |
| Net income/(expenditure) | 14,780 | 13,252 |