Number 1160834 CE003675
Wirral Community Police Boxing Club
Accounts
31 March 2024
Wirral Community Police Boxing Club Report and accounts Contents
| Page | |
|---|---|
| Members' report | 1 |
| Independent Examiner's report | 2 |
| Profit and loss account | 3 |
| Balance sheet | 4 |
| Notes to the accounts | 5-6 |
Wirral Community Police Boxing Club Registered number: Members' Report
CE003675
The members present their report and accounts for the year ended 31 March 2024.
The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the Charity's governing document, the Charities Act 2011 and the Statement of Recommended Practice, "Accounting and Reporting by Charities", issued in March 2005.
Structure, governance and management
The Club was founded in 2015 , the Club is governed by its Constitution.
The overall responsibility of the Club's affairs is vested in the trustees and final decisions are made by the Trustees. Retiring Members of Council are eligible by written nomination for re-election.
The club trustees may delegate any of their powers or functions to a committee or committees, and, if they do, they shall determine the terms and conditions on which the delegation is made. The charity trustees may at any time alter those terms and conditions, or revoke the delegation
Trustees are familiar with the work of the Club having participated over a number of years. New trustees are familiarised with the work of the Club by the existing and continuing members.
The financial and general business affairs of the Club are vested in the trustees.
With the wide ranging interests of the trustees, it would be reasonable to expect an interaction with the individuals and organisations they represent. Transactions are carried out at arm's length and disclose any such transactions.
The club is engaged in a continuous review process of all risks associated with the Club's activities. The primary risks are recognised as the health and safety of the public. The trustees consider that the systems they have in place to manage such risks as have already been ascertained appear to be adequate in normal circumstances.
Objectives
The objects of the CIO are to promote community participation in healthy recreation, primarily for the benefit of the inhabitants of the Wirral, Cheshire and surrounding areas, by providing facilities and opportunities for amateur boxing and other activities capable of improving physical health; and
To advance the education of the inhabitants of the Wirral, Cheshire and surrounding areas by developing their mental, physical and moral capabilities through leisure time activities.
The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Club's objectives.
Financial review
Details of the results for the year are set out in the annexed accounts.
Reserves
The policy of the Club is to retain sufficient resources to cover the annual cost of running the club and thereby meet any potential liabilities.
This report was approved by the board on 27 January 2025 and signed on its behalf.
Member P Phelan
1
Wirral Community Police Boxing Club
Independent Examiners' report to the board of trustees of Wirral Community Police Boxing Club for the year ended 31 March 2021
I report on the accounts of the for the period ended 31 March 2023 , which are set out on pages 1-5
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
(i) examine the accounts under section 145 of the 2011 Act;
(ii) to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
(iii) to state whether particular matters have come to my attention.
Basis of independent examiner's report
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
(a) which gives me reasonable cause to believe that in any material respect the requirements: (i) to keep accounting records in accordance with section 130 of the 2011 Act; and (ii) to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act;
have not been met; or (b) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Gardiner Russell Accounting Limited
238A Telegraph Road Heswall Wirral CH60 0AL
27 January 2025
2
Wirral Community Police Boxing Club Statement of financial activities for the year ended 31 March 2024
| Notes Activities for generating funds Incoming resources for charitable activities Resources expended Cost of generating funds Administrative expenses Net incoming resources available 2 Exceptional items: Unreported prior year donations Income from investments Interest receivable Profit on ordinary activities before taxation Tax on profit on ordinary activities Net incoming resoures available |
2024 £ 82,593 82,593 (2,872) (16,423) 63,298 98,557 161,855 9,000 3,574 174,429 - 174,429 |
2023 £ 44,999 44,999 (7,777) (26,905) 10,317 - 10,317 - - 10,317 - 10,317 |
|---|---|---|
3
Wirral Community Police Boxing Club Balance Sheet as at 31 March 2024
| Notes Fixed assets Tangible assets 3 Current assets Debtors Cash at bank and in hand Creditors: amounts falling due within one year 4 Net current assets Net assets Capital and reserves Profit and loss account 5 Members' funds |
2024 £ 35,435 - 296,565 296,565 (1,321) 295,244 330,679 330,679 330,679 |
2023 £ 71,874 (2,872) 84,977 82,105 (601) 81,504 153,378 156,250 156,250 |
|---|---|---|
The members are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
Member P Phelan
Approved by the board on 27 January 2025
4
Wirral Community Police Boxing Club Notes to the Accounts for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared in accordance with applicable accounting standards, the Statement of Recommended Practice, "Accounting and Reporting by Charities", issued in March 2005 and the Charities Act 2011.
Incoming resources
All incoming resources represents the value, net of value added tax when the charity is entitled to the income and the amount can be qualified with reasonable accuracy.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Fixtures, fittings and equipment
15% reducing balance
Resources expended
Expenditure is recognised on an accrual basis as a liability is incurred.
Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.
Foreign currencies
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.
Leasing and hire purchase commitments
Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.
The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.
| R t l id d ti |
l | h | d t | i | t | i ht li | b | i | th | l | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating profit | 2024 | 2023 | ||||||||||
| £ | £ | |||||||||||
| This is stated after charging: | ||||||||||||
| Depreciation of owned fixed | assets | 3,281 | 3,860 |
2
5
Wirral Community Police Boxing Club Notes to the Accounts for the year ended 31 March 2024
| 3 Tangible fixed assets Cost At 1 April 2023 Additions Disposals At 31 March 2024 Depreciation At 1 April 2023 Charge for the year At 31 March 2024 Net book value At 31 March 2024 At 31 March 2023 4 Creditors: amounts falling due within one year Other creditors 5 Incoming resources from charitable activities At 1 April 2023 Incoming resources from charitable activities At 31 March 2024 |
Land and buildings £ 50,000 16,842 (50,000) 16,842 - - - 16,842 50,000 |
Plant and machinery etc Total £ £ 37,844 87,844 - 16,842 - (50,000) 37,844 54,686 15,970 15,970 3,281 3,281 19,251 19,251 18,593 35,435 21,874 71,874 2024 2023 £ £ 1,321 601 2024 £ 156,250 174,429 330,679 |
|---|---|---|
6 Exceptional items
During the year it was discovered that a previously dormant bank account in the name of the charity had been in receipt of various donations. This income had not been reported in previous years and has now been included in the current year as an exceptional item.
6
Wirral Community Police Boxing Club Income and Expenditure Account for the year ended 31 March 2024
| Activities for generating funds Incoming resources for charitable activities Resources expended Cost of generating funds Administrative expenses Operating profit Exceptional items Income from investments Interest receivable incoming |
2024 £ 82,593 82,593 (2,872) (16,423) 63,298 98,557 9,000 3,574 63,298 |
2023 £ 44,999 44,999 (7,777) (26,905) 10,317 - - - 10,317 |
|---|---|---|
7
Wirral Community Police Boxing Club Income and Expenditure Account for the year ended 31 March 2024
| Activities for generating funds Activities for generating funds Cost of generating funds Purchases Other direct costs Administrative expenses Employee costs: Staff training and welfare Travel and subsistence Premises costs: Rates Light and heat Cleaning General administrative expenses: Telephone and fax Stationery and printing Subscriptions Bank charges Insurance Equipment expensed Equipment hire Software Repairs and maintenance Depreciation Sundry expenses Legal and professional costs: Accountancy fees Other legal and professional |
2024 £ 82,593 2,572 300 2,872 576 520 1,096 454 1,881 - 2,335 1,649 120 646 304 918 3,254 - - 166 3,281 - 10,338 720 1,934 2,654 16,423 |
2023 £ 44,999 777 7,000 7,777 - 250 250 427 1,727 40 2,194 1,879 115 1,020 191 902 8,604 1,040 265 5,685 3,860 300 23,861 600 - 600 26,905 |
|---|---|---|
8