GRAINGER PARK
Financial Statements
For The Year Ended 31 March 2025
Registered Charity No. 1166705
Grainger Park Members of the Management Committee
For the year ended 31 March 2025
The Management Committee have pleasure in presenting their report and the Financial Statements for the year ended 31 March 2025
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 Taylor | ||
| M Laing | ||
| I Ward | ||
| P Reid | (Resigned March 2025) | |
| C Trotter | (Resigned March 2025) |
Grainger Park Annual Report 2024-25 Charity number 1166705
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.
We continue to build on improving fitness, develop respect and develop the disciplines of boxing.
The Attitude and Behaviour of our Boxers and Young People is a crucial part of their journey. 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, volunteers, our building, equipment and above all respect our community
Grainger Park continues to receive positive comments and Testimonials from Parents and Guardians who have seen and experienced improvement in behaviour and attitude of their siblings or guardians, at home, in School and the Community.
A partnership has developed with Excelsior Academy and Bridges School that enables Mainstream pupils and positive engagement team to participate in structured sessions to help build resilience and learn about all round health and exercise.
All our Coaches and Volunteers are cleared and vetted to work with young people and access mandatory training required by England Boxing. All attain First Aid, safeguarding and Level One in Coaching. We have welcomed 4 new coaches and thankful to Owen, Dylan, Ollie and Jamie.
This year England Boxing continued to host Regional Meetings and Grainger Park was asked to host the quarter and Semi-Final rounds of the North ern Regional Championships. Work continues to improve our building. A Fire Safety Audit Action Plan requires work to strengthen our compliance with H&S. Trustees are guided by Mark Laing to ensure our building remains compliant with H&S regulations. A full Electrical re-wire has been carried out and will be completed in July 2025.
Trustees are developing a Honour Wall, within the balcony, to recognise the difference made by past members who represented Grainger Park as a boxer. Members may go on to become a coach, volunteer or Trustee and their contribution is captured by background information, a photo and statistics of the fight history.
Grainger Park will continue to support local clubs in the area and have hosted Show Nights for Westerhope Boxing Club and a local Kickboxing club who have showcased their members in our First Class Environment.
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 2025 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: 1st July 2025 |
| Name: | Mark Thompson MAAT |
| Address: | 42 Lesbury Road |
| Newcastle | |
| NE6 5LB |
Grainger Park Statement Of Financial Activities For the year ended 31 March 2025
| Incoming Resources Notes Grant Income 2 Donated Income 3 Venue Hire & Rent Events Sponsorship 4 Boxing Subs Bank Interest Total Incoming Resources Resources Expended Direct Charitable Expenditure Heat & Light Repairs and Renewals Rates & Water Rates Insurances Cleaning, Maintenance & Office Costs Telephone & Internet Event Expenses Accountancy Fees Training & Coaching Courses Fuel & Transport Costs Boxing Registration Fees Boxing Equipment & Trophies Volunteer & Sundry Expenses Consultancy Total Resources Expended Net income (expenditure) for the year Net Movement Between Funds Total Funds as at 1 April 2024 . Total Funds as at 31 March 2025 |
Unrestricted Funds 1000 8880 12134 3130 1000 5071 468 31683 4055 7216 3607 2037 1255 921 1961 590 965 158 1106 1533 150 0 25553 6130 0 71832 77962 |
Restricted Funds 0 0 0 0 0 0 |
Total Funds 2025 1000 8880 12134 3130 1000 5071 468 31683 4055 7216 3607 2037 1255 921 1961 590 965 158 1106 1533 150 0 25553 6130 0 71832 77962 |
Total Funds 2024 2500 480 14277 3819 1200 4825 572 27673 5700 2643 648 1637 707 878 1866 575 324 275 745 2055 40 403 18496 9177 0 62655 71832 |
|---|---|---|---|---|
Grainger Park
| Balance Sheet as at 31 March 2025 | |||||
|---|---|---|---|---|---|
| 2025 | 2024 | ||||
| Notes | £ | £ | £ | £ | |
| Currents Assets | |||||
| Cash at Bank | 77962 | 71832 | |||
| 77962 | 71832 | ||||
| Current Liabilities | 0 | 0 | |||
| Net Current Assets | 77962 | 71832 | |||
| Net Assets | 77962 | 71832 | |||
| Funds | 6 | ||||
| Restricted Funds | 0 | 0 | |||
| General Funds | 77962 | 71832 | |||
| 77962 | 71832 |
Approved by the Committee on ……………………………..
and signed on their behalf:
………………………………………………………
………………………………………………………
Grainger Park
Notes to the financial statements for the year ended 31 March 2025
-
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 £1,000 (Towards lease costs) 3 Donations Franklin Coutts £8,000 Other Donations £880 £8,880
4 Sponsorship Cosy Homes Ltd £1,000
5 Employees
During the financial year, no staff were directly employed by the Charity
5 Analysis of Funds
There were no Restricted Funds within the financial year.