GRAINGER PARK
Financial Statements
For The Year Ended 31 March 2024
Registered Charity No. 1166705
Grainger Park Members of the Management Committee
For the year ended 31 March 2024
The Management Committee have pleasure in presenting their report and the Financial Statements for the year ended 31 March 2024
Reference and Administrative Details
| Charity No | 1166705 | |
|---|---|---|
| Principal Office | Scotswood Sports Centre | |
| Denton Road | ||
| Newcastle upon Tyne | ||
| NE15 7HB | ||
| Accountant | Mark Thompson MAAT | |
| 42 Lesbury Road | ||
| Heaton | ||
| Newcastle upon Tyne | ||
| NE6 5LB | ||
| Management Committee | M Greenwell | |
| M Johnson | ||
| P Reid | ||
| D McRoberts | Until Oct 2023 | |
| C Trotter | ||
| P Taylor | ||
| M Laing | ||
| I Ward | From Oct 2023 |
Grainger Park Annual Report 2023-24 Charity number 1166705
TO update
Objects
In accordance with the objects of the constitution Grainger Park continues to support and assist young people to develop their capabilities so that they may grow to become active citizens within the community. Our aim is to promote participation and association through the resources, facilities and funding to offer a broad range of activities, programmes and services that improve the condition of life. Trustees will continue to secure and retain the centre and facilities for the local community in order to further the objectives.
Summary
These past 12 months Grainger Park has continued to build on our Development Pathway for both coaches, volunteers and young people. The three bands of boxing, Juniors, Intermediate and carded boxers are well embedded in our training programme. Carded boxers, our young people registered with England Boxing, continue to represent and compete for Grainger Park in a competitive arena.
When a young person attends Grainger Park they begin their journey to improve fitness, develop respect and develop the disciplines of boxing.The Boxing Stance and Guard are quickly instilled as they begin to develop their skills, techniques and drills.
Once movement is perfected boxers are then coached with the many Techniques and each of these has its own characteristic and purpose and every boxer must illustrate to their coach they understand this and can execute the sequence.
Defence techniques, the Block, Parry and Rolling your opponent, Slipping and Countering an Attack, have to be mastered and understood, before they can move on.
Going hand in Glove with these stages are an improved fitness, but more importantly is the Attitude and Behavior of our Boxers and Young People. Compassion, Consideration, Respect and Humility are all instilled in our young people and these attributes are as important as the skills and techniques they have learnt. Respect yourself, your fellow boxers, our coaches and volunteers and above all Respect our building, equipment, resources, materials AND ABOVE ALL OUR COMMUNITY.
Grainger Park continues to receive positive comments and Testimonials from Parents and Guardians who have seen and experienced improvement in behavior and attitude, of their siblings or guardians, at home, in School and the Community.
Once the young person is competent they are encouraged to move through the pathway. A number are happy to continue to attend and keep fit and healthy. And that is fine. We will continue to encourage members to progress as they get older and their skills improve.
Our Coaches and Volunteers must be cleared and vetted to work with young people and once done so access various elements of training, approved by England Boxing. All attain First Aid, safeguarding and Level On in Coaching. We continue to develop our staff team to ensure we meet all requirements and regulatory standards.
Grainger Park has strengthened the relationship with England Boxing that has seen Northern Regional meetings and events held at our centre. We have hosted Skills events that over 50 local clubs have been represented promoting new boxers and giving them the opportunity to step into the ring and highlight their development.
England Boxing have also used the Grainger Park Centre to host Regional meetings for the many clubs throughout the North East to pass on new legislation, regulatory information, Health and Safety and training opportunities. Over 100 delegates attend such meetings.
Trustees are also committed to ensure our building complies with H&S matters and all Fire fighting equipment is maintained yearly. We have clear ideas on what to improve to make the environment better for all who attend the building. To help us achieve these Grainger Park is working hard with Partners to agree a lease to help us secure our future.
Grainger Park will continue to support our young people and build on the strong foundation that has made us one of the leading Amateur Boxing Charities in the North East.
Signed: ……………………….. on behalf of the Trustees, date: ……………..
INDEPENDENT EXAMINER'S REPORT
Report to the trustees of Grainger Park
| On accounts for the year ended |
31 March 2024 Charity no 1166705 |
|---|---|
| Respective | The trustees of the organisation are responsible for the preparation of |
| responsibilities of | accounts; they consider that an audit is not required for this year under |
| trustees and | section 144(2) of the Charities Act 2011 and that an Independent |
| examiner | Examination is needed. |
| It is my responsibility to | |
| • examine the accounts (under section 145 of the 2011 Act), | |
| • follow the procedures laid down in the General Directions given by the | |
| Charity Commission (under section 145(5)(b) of the Act), and | |
| • state whether particular matters have come to my attention. | |
| Basis of | My examination was carried out in accordance with General Directions |
| independent | given by the Charity Commissioners. An examination includes a review of |
| examiner’s | the accounting records kept by the charity and a comparison of the |
| statement | accounts presented with those records. It also includes consideration of |
| any unusual items or disclosures in the accounts, and seeking | |
| explanations from the trustees concerning any such matters. The | |
| procedures undertaken do not provide all the evidence that would be | |
| required in an audit, and consequently I do not express an audit opinion | |
| on the accounts. | |
| Independent | In the course of my examination, no matter has come to my attention: |
| examiner's | 1. which gives me reasonable cause to believe that in, any material |
| statement | respect, the trustees have not met the requirements to ensure that: |
| • proper accounting records are kept (in accordance with section 130 of | |
| the Act); and | |
| • accounts are prepared which agree with the accounting records and | |
| comply with the accounting requirements of the Act; or | |
| 2. to which, in my opinion, attention should be drawn in order to enable a | |
| proper understanding of the accounts to be reached. |
Signed: Date: 10 July 2024 Name: Mark Thompson MAAT Address: 42 Lesbury Road Newcastle NE6 5LB
Grainger Park Statement Of Financial Activities For the year ended 31 March 2024
| Incoming Resources Notes Grant Income Donated Income Venue Hire & Rent Events Sponsorship Boxing Subs Bank Interest Total Incoming Resources Resources Expended Direct Charitable Expenditure Heat & Light Repairs and Renewals Rates & Water Rates Insurances Premises Licence Cleaning, Maintenance & Office Costs Telephone & Internet Event Expenses Accountancy Fees Training & Coaching Courses Fuel & Transport Costs Boxing Registration Fees Boxing Equipment & Trophies Consultancy Volunteer & Sundry Expenses Total Resources Expended Net income (expenditure) for the year Net Movement Between Funds Total Funds as at 1 April 2023 . Total Funds as at 31 March 2024 |
Unrestricted Funds 0 480 14277 3819 1200 4825 572 25173 5700 2643 648 1637 707 878 1421 575 324 275 745 403 40 15996 9177 0 62655 71832 |
Restricted Funds 2500 2500 445 2055 2500 0 0 0 0 |
Total Funds 2024 2500 480 14277 3819 1200 4825 572 27673 5700 2643 648 1637 0 707 878 1866 575 324 275 745 2055 403 40 18496 9177 0 62655 71832 |
Total Funds 2023 25146 5333 5242 205 |
|---|---|---|---|---|
| 35926 | ||||
| 3405 1579 2720 1529 180 989 658 1215 550 1014 386 310 933 0 246 |
||||
| 15714 | ||||
| 20212 0 42443 |
||||
| 62655 |
Grainger Park
| Balance Sheet as at 31 March 2024 | |||||
|---|---|---|---|---|---|
| 2024 | 2023 | ||||
| Notes | £ | £ | £ | £ | |
| Currents Assets | |||||
| Cash at Bank | 71832 | 62655 | |||
| 71832 | 62655 | ||||
| Current Liabilities | 0 | 0 | |||
| Net Current Assets | 71832 | 62655 | |||
| Net Assets | 71832 | 62655 | |||
| Funds | 4 | ||||
| Restricted Funds | 0 | 0 | |||
| General Funds | 71832 | 62655 | |||
| 71832 | 62655 |
Approved by the Committee on ……………………………..
and signed on their behalf:
………………………………………………………
………………………………………………………
Grainger Park
Notes to the financial statements for the year ended 31 March 2023
-
1 Accounting Policies
-
1.1 Basis of preparation of accounts
The financial statements have been prepared in accordance with 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 2015) – Charities SORP (FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006
Grainger Park meets the definition of a public benefit entity under FRS 102. Assets
and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
1.2 Grant receivable and local authority fees
- Grants received are accounted for on a receivable basis and credited to income. Any grants restricted to future accounting periods are deferred and recognised in those accounting periods.
1.3 Funds
Restricted funds comprise funds subject to specific restrictions imposed by donors and funders. Designated funds are set aside by the Management Committee as described below (see note 4) Unrestricted funds comprise funds which can be used in accordance with the charitable objectives at the discretion of the Management Committee.
1.4 Expenditure
All is included on the accruals basis and is recognised when there is a legal or constructive obligation to pay for expenditure. All costs have been directly attributed to one if the functional categories of resources expended in the SOFA. The charity is not registered for VAT and accordingly expenditure is shown gross of irrecoverable VAT.
2 Grants Received
Newcastle City Council 2500 (Equipment & Activities)
3 Employees
During the financial year, no staff were directly employed by the Charity
4 Analysis of Funds
There were no Restricted Funds within the financial year.