The Right Stuff Project Financial Ststements For the Year ended 31st March 2025 The Right Stuff Project Committee memberfs annual report For the year ended 31" March 2025 Main address Mr K Conway 8 The Downs WiSdwood Stsfford ST17 4NP Trustees Icommittee members Kevin Conway Stuart Ellis Chairpetson & Secretary (frustee) Vice Chairperson (Tiustee) (rrustee) Andrea Carson (Project Manager) Andy Whitehall MBE Bankorn Unty Trust Bank plc Nine Brindley Place Birmingham B12HB Govemance and Management The project is managed by a management committee who are drawn from the membership, Candidates are elected by paper ballot at the AGM and will serve office for a 12- month period until re-elected at the next AGM on accordance with the Projects constitution dated 22nd February 2025. The Trustees determine the general policy of the project. The day to day running of the project is delegated to the Project Manager, supported by the Trustees. The Project Manager undertakes the key leadership role overs￿1ng Volunteer recruitment, training and administrative functions in consultstion with the Trustees. The day-to-day adrninistration of the project is undertaken within the policies and prO￿d￿reS approved by the Trustees, which provide for only significant expenditure decisions and major capital projects to be referred to the Trustses for prior approval. The Tfustees met physically on three occasions over the financial year . As well as phone calls held amongst the management committ￿. Voluntsers We would like to thank all OUK volunteers both adults and young leaders for their commitment in the last 12 months. Which has enabled LOS to reach more at risk, vulnerable young people and provide them better outcomes. Other Relationships The Project Manager, of the Trustees and all coaches at the proiect are registered members of England Boxing. The National Governing body for Amateur Boxing in England this registration is renewed annually. As is the Right Stuff s affiliation to England Boxing, this enables individuals to access training in Boxing Coaching, Fi￿t Aid and Safeguarding. It is a*0 further regulation and oversight of how the activities of the project are run settng high stsndards in participant safety Risk Management The Trustees are responsible for the overseeing of the risks faced by the project. Detailed considerations of risk are delegated to the PrOj￿t Manager. Risks are identified, assessed and controls established throughout the year. A formal review of the charoty's risk manag￿neTrt processes is undertaken on an annual basis. Risk is managed under the headings of financial sustainability, venue safety, participant welfare, employment, boxing trips and event8 and community access. The main risks that the Trustees have identified and the plans to manage th08e risks are reputation. The Projects Suc￿sS is built on its reputation for the development and well-being of our participants. We manage this risk through safeguarding policies, staff recruitment poh'cies, and active identification and resolution of health and safety related issues. Risk capacity of the Project manager to carry out all the necessary day-to4ay duties of the project and being oveff reliant on one individual having all the knowledge to keep the project operating successfully. Buglding greater resilience .. Through the risk management pro￿sseS established for the project, the Trustees are satisfied that the major risks identified have been adequato)y mitigated where necessary. It is recognised that systems can only provide reasonable but not absolute assuran￿ that rn￿or risks have been adequately managed. Aims and Objectives To dNert young people and adults away from Crim￿al￿, anti-social behaviour and substance abuse including alcohol, by raising self-esteem , discipline and positive activities through the sport of Boxing and other positive activities and involving other professional agencies to assist where particular specialist issues have been identified . Summary of the main achievements during the period July- August 2024- We delivered a 5-week summer holiday scheme for the Office of the Staffordshire Fire and Police Commissionews Office. At the Right Stuff Gym in Stafford, Septernber 2024 - The School Intervention Project continued wrth the start of the new school year 202412025. Wrth the Right Stuff continuing to work Monday to Friday in schools as well as working with referred young people at the Right Stuff gym during the evenings and weekends. In total 83 new yOLgng people were referred in for the start of the new school year fow the project to work with. The project started to work in Alleyne's Academy, Stone one day a week for the first time . Converting an old disused art room October 2024 - Covid Inequality project cornmen￿d in Schools with the running of a Boxing Tutor course and GB Padwork and Boxing Drills Course .23 Adults and Young people were qualified to work on the proipct and 12 went on to attend self hami awareness days run by the NHS mentsl Health Midlands Trust January 2025 - We held a Boxing tutor Course at Alleyne's Academy, Stone and qualified 14 young people and adults as Boxing Tutors. Enabling them to volunteer on the R(ght Stuff, Prc4ects February 2025-- Right Stuff Boxer Amy Nolan attended category at the Golden Girl Box Cup female championship in Boras, Sweden in the first weekend of February. She then won her first senior 63 Kg match before losing in the Semi Finals Medals . Signed on behalf of the Committee.. o/ Signed -_ Kevin Conway Chairp Date on Independent Examiners Report on the Accounts Report to the members of The R(ght Stuff Project On the Accounts for the year ended 31st March 2025 Set out on pages Res ctive res 5&6 onsibilities of Committée members and examiner The committee members are responsible for the preparation of the accounts. The committee members consider that an audit for this year and that an independent examination is needed. Basis of the Inde endent examiner's statsment My examination was carried out in accordance with General directions given by the Charity Commission it includes a review of the accounting records, receipts and payments kept by tbE club and a comparisoTh of the accounts presented with those records. It also includes consideration of any unusual terms or disclosures in the accounts and seeking explanations from committee concerning any such matters. The PrO￿dureS undertaken do not provide all the evidence that would be required in an aud8t, and consequently, I do not express an audrt opinion on the accounts. Inde ndent Examinerfs statement In connection with my examination , no matter has come to my atterotion which gives me reasonable cause to believe that in any material respect the requirements to (a) to keep accountiryJ records . (b) to prepare accounts which accord with the accounting records and comply wrth any such accounting have not been met . or (c) to which. In my opinion, attention shoukl be drawn in order to enable a proper understandi couTrts reached. Name XJ Date f?/01/ 2 Relevant professional qualification Or capacity The Right Stuff Project Receipts &payments account for year ended 31•t March 2025 Receipts Grants £80100 Subscriptions £958 Boxing Tutor Course Pla￿S Total Receipts Payments Boxing Award Courses £720 £81778.00 £10265.00 Volunteer Expenses £28165.00 Rent £12705.94 Equipment Boxing Costs Insuran £19107.00 £4636.00 £109.21 Bank Charges Total Payments £66.00 £ 75637.00 Net receiptsl (payments) 2024125 £6141 The Right Stuff Project Statsment of a880ts and liabiliti68 At 311t March 2025 Cash Assets CurTent Account Total Cash Assets O Liabilities These Financial Statements are accepted on behalf of the Right Stuff project by Signed Dated AQ o/ Chair The Right Stuff Project Notss to the accounts For the year ended 310t March 2025 1. Receipts & payment accounts Receipts and payments accounts are statements that summarise the movement of cash into and out of the organisation during the financial year. In this context, "cash" wicludes cash equivalents, for example, bank accounts where the cash can be readity withdrawn to pay debts as they become due. 2. Grants & Donations Grants and donations SPACE Scheme 8100.00 Covid Inequality Fund Stafford BC School Intervention 50000.00 22000.00 Donations Total grants and donations 3. Commlttee member3. remuneration 80100 .00 During this period. a total of £0 (zero) was reimbursed to any committee member for expenses incurred.