## **Box Cleva** ## **Trustees’ Report and** ## **Receipts and Payments Accounts For the year ended** **31 March 2024** **Registered Charity no: 1161216** **Box Cleva Trustees’ Report For the year ended 31 March 2024** The trustees present their report and receipts and payments accounts for the year ended 31 March 2024. ## **Objectives and Activities** The objects of the charity, as set out in the constitution, are to advance in life and help young people through: - a) Recreational and leisure time activities provided in the interest of social welfare, designed to improve their conditions in life; - b) The provision of sports coaching and activities, in particular in relation to boxing; - c) The provision of support and activities which develop their skills, capacities and capabilities to enable them to participate in society as mature and responsible individuals; and - d) The encouragement of positive behaviour and steering young people away from anti-social behaviour or substance abuse. The charity meets these objects as a sporting and educational youth initiative centred on the sport of amateur boxing for children between 7 and 15, using the same training protocols that an amateur boxer would take whilst training, with the exception of sparring as this is a no contact initiative. Weekly sessions are now carried out at 7 locations (reduced from 10 last year) in Hertfordshire. Sessions are led by some of the best coaches in the country; all coaches are fully qualified by the Amateur Boxing Association of England, are DBS checked and hold first aid certificates. Sessions last an hour and instil discipline, respect, perseverance, fair play and fitness in a safe, controlled environment. A formal education programme covering healthy eating, healthy lifestyles and good citizenship are delivered over a fifteen-minute duration each week at most locations. ## **Achievements in the year** This Annual Report will once again clearly demonstrate yet another very successful year for Box Cleva. We have worked with an average of 100 children per week right across Hertfordshire, tackling anti- social behaviour, truancy, substance abuse, poor eating habits and low self-esteem. As always, we continue to see significant improvements across all sessions with the majority of the children. 1 **|** P a g e **Box Cleva Trustees’ Report For the year ended 31 March 2024** ## **Public Benefit** The trustees give due regard to the public benefit requirement of the Charities Act. Subscriptions are charged to participate in club sessions, but these are kept to affordable levels of between £1 and £3, with concessions made if required, as activities are subsidised by grants and other voluntary income. The charity provides a service to children who may be having truancy and/or general behaviour issues and displaying anti-social behaviours. Our services deliver a high level of reductions in these behaviour patterns. This benefits the whole community. ## **Financial Review** During the year the charity received a total of £33,245 (2023: £54,908) and expended £31,810 (2023: £60,464) as set out on page 5. At 31 March 2024 the charity had cash balances of £79,963 (2023: £77,935) of which £500 related to restricted funds (2023: £3,517) and £79,463 (2023: £75,012) related to unrestricted funds. The trustees aim is to maintain sufficient cash to continue existing programmes in the event of delays or shortfalls in receiving grants and other income. This level is now set at £25,000 being approximately 12 months running costs. ## **Structure, Governance and Management** The charity is unincorporated and governed by its constitution adopted 22 May 2015 as amended on 18 March 2018. The charity was registered with the Charity Commission on 9 April 2018. The charity took over the activities, assets and liabilities of the predecessor organisation of the same name. Membership of the charity is open to individuals over 18 or organisations who are approved by the trustees. Members appoint the management committee, who are the charity trustees, at the AGM. The management committee may co-opt additional committee members to serve until the next AGM when their appointment is confirmed, or otherwise, by the members. The minimum number of trustees is 3. The operational management of the charity is undertaken by the honorary officers who oversee the work of two Area Managers who are self-employed. 2 **|** P a g e **Box Cleva Trustees’ Report For the year ended 31 March 2024** ## **Reference and Administrative Details of the Charity, its Trustees and Advisors** Box Cleva is a registered charity (no: 1161216). The principal address of the charity is 126 North Western Avenue, Watford, Hertfordshire, WD25 0AN. The management committee, who are the charity’s trustees, who served in the year and up to the date of this report were: R Williams Chair A Newman Secretary and Treasurer A Shew M Bennett V Kane D Allen D Frost The principal advisors to the charity were: _**Bankers: Independent Examiner**_ Metro Bank Jason Foxwell FCCA FCIE One Southampton Row 39 Enfield Road London Poole WC1B 5HA Dorset, BH15 3LJ This report was approved by the trustees on 17 July 2024 and signed on their behalf by: ## **R Williams** Chair 3 **|** P a g e **Report of the Independent Examiner to the Trustees of Box Cleva For the year ended 31 March 2024** I report to the trustees on my examination of the accounts of Box Cleva (the Charity) for the year ended 31 March 2024. ## **Responsibilities and basis of report** As the trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’). I report in respect of my examination of the Charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. ## **Independent examiner’s statement** I have completed my examination. I confirm that no material 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 Trust as required by section 130 of the Act; or 2. the accounts do not accord with those records. 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. ## **Mr J P Foxwell FCCA FCIE** independent-examiner.net 39 Enfield Road, Poole, BH15 3LJ Date: 4 **|** P a g e ## **Box Cleva Receipts and Payments For the year ended 31 March 2024** |||**2024**|||**2023**|| |---|---|---|---|---|---|---| ||**Restricte**|**Unrestricte**|**Total**|**Restrict**|**Unrestrict**|**Total**| ||**d**|**d**||**ed**|**ed**|| ||**£**|**£**|**£**|**£**|**£**|**£**| |**Receipts**||||||| |Grants|500|26,644|27,144|11,500|39,850|51,350| |Reimbursements (equipment)|-|3,600|3,600|-|-|-| |Subscriptions|-|1,001|1,001|-|3,258|3,258| |Donations|-|1,500|1,500|-|300|300| |**Total receipts**|**500**|**32,745**|**33,245**|**11,500**|**43,408**|**54,908**| |**Payments**||||||| |Venue hire, Trainers’ fees and awards|(500)|(24,175)|(24,675)|(12,988)|(43,495)|(55,528)| |Purchase of equipment|-|(2,464)|(2,464)|||| |Management and Administration costs|-|(3,821)|(3,821)|-|(4,234)|(4,234)| |Independent Examination|-|(850)|(850)|-|(700)|(700)| |**Total payments**|**(500)**|**(31,310)**|**(31,810**|**(12,033)**|**(48,429)**|**(60,462**| ||||**)**|||**)**| |**Net Receipts/ (Payments)in Year**|**-**|**1,435**|**1,435**|**(533)**|**(5,021)**|**(5,554)**| |Transfer of funds|-|-|-|||| |Balance at 1 April 2023|3,517|75,012|78,529|4,050|80,033|84,083| |**Balance at 31 March 2024**|**600**|**79,363**|**79,963**|**3,517**|**75,012**|**78,529**| 5 **|** P a g e ## **Box Cleva Statement of Assets and Liabilities As at 31 March 2024** |||**2024**|||**2023**|| |---|---|---|---|---|---|---| ||**Restricte**|**Unrestricte**|**Total**|**Restrict**|**Unrestrict**|**Total**| ||**d**|**d**||**ed**|**ed**|| ||**£**|**£**|**£**|**£**|**£**|**£**| |**Cash at Bank**|600|79,363|79,963|3,517|75,012|78,529| |**Non monetary assets**||||||| |Grants due|-|26,644|26,644|-|8,900|8,900| |Other debtors|-|3,600|3,600|-|-|-| ||||||**8,900**|**8,900**| |**Non monetary liabilities**||||||| |Trainer & venue fees|-|(6,825)|(6,825)|(3,517)|(6,121)|(9,638)| |Independent Examination fee|-|(700)|(700)|-|(850)|(850)| |**Stocks**||||||| |Clothing|-||-|2,900||2,900| |**Equipment**||||||| |Estimated net book value|-|-|-|-|-|-| These accounts were approved by the trustees on 17 July 2024 and signed on their behalf by: ## **R Williams** Chair ## **A Newman** Secretary and Treasurer 6 **|** P a g e **Box Cleva Statement of Assets and Liabilities As at 31 March 2024** 7 **|** P a g e **Box Cleva Notes to the Accounts For the year ended 31 March 2024** ## **1. Trustee remuneration and expenses** The trustees are considered to be the key management of the charity. During the year one trustee received remuneration of £3,053 (2023: £1,275). Clearance for these payments has been received from the Charity Commission. During the year 1 trustees received £52 (2023: received £485) in reimbursed expenses for travel and administrative costs incurred in the year. 8 **|** P a g e