Bexhill Amateur Boxing Club
Trustees' Report and Unaudited Accounts
31 March 2021
Bexhill Amateur Boxing Club Contents
| Pages | |
|---|---|
| Trustees'AnnualReport | 2 to 4 |
| IndependentExaminer'sReport | 5 |
| Statement of FinancialActivities | 6 |
| BalanceSheet | 7 |
| Statement ofCashflows | 13 |
| Notesto the Accounts | 8 to 12 |
Page 1
Bexhill Amateur Boxing Club Trustees Annual Report
The trustees present their report with the unaudited financial statements of the charity for the year ended 31 March 2021.
REFERENCE AND ADMINISTRATIVE DETAILS
Charity No. 1171049
Principal Office
Rear of Homewarr House De La Warr Parade
Bexhill on Sea
East Sussex
TN40 1RT
Trustees
The following trustees served during the year:
T. Freeman
T. Godwin
R. Witcomb
Bankers
Lloyds Bank
Independent Examiner Stephen Perry Knowle House 38 York Road York YO24 4LZ
OBJECTIVES AND ACTIVITIES
The promotion of community participation in healthy recreation in particular by the provision of facilities for amateur boxing.
Significant Activities
During the 2020– 2021 period Bexhill Amateur Boxing Club was significantly impacted by the COVID 19 pandemic, yet wherever the trustees and supporting committee aimed to continue providing our services to the local community.
The club, and coaches continued to be affiliated to England Boxing over this period to ensure the necessary standards, and safeguarding practices were in place, and continued to provide services wherever possible in alignment with the imposed government restrictions.
To ensure we continued to play an active role in the community we offered free sessions to encourage activity during the pandemic, these included:
- Twice weekly Zoom sessions when in full lockdown accessible to all. These coach led sessions enabled all to learn basic boxing technique, and participate in boxing / fitness activities from their own home.
Page 2
Bexhill Amateur Boxing Club Trustees Annual Report
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Outdoor training was provided when acceptable enabling both members and new attendees to join in distanced coach led boxing / fitness session.
-
Limited indoor training was provided in line with government restrictions and distancing rules allowing a lower volume of members to train using the clubs indoor facilities.
Session Variation & Accessibility
Bexhill Amateur Boxing Club continues to offer a variety of sessions accessible to those aged 10yrs and over. Sessions are split, by age and ability to accommodate varying age groups, and those who are committed to competition. This approach ensures we offer boxing sessions that are accessible to all.
To ensure that members of the local community remained active during the pandemic where exercise opportunities were limited Bexhill Amateur Boxing Club offered varying free services to encourage participation.
The trustees confirm that they have referred to the guidance obtained in the Charity Commission general guidance on public benefit when reviewing the Charity's aims and objectives.
Volunteers
We continue to operate as an organisation sustained by a group of committed volunteers who dedicate their free time to a community project that they are passionate about.
The team of volunteers enables Bexhill Amateur Boxing Club to operate affectively at minimal cost, and further enabling our ability to offer affordable and accessible boxing activities.
ACHIEVEMENTS AND PERFORMANCE
During the financial year, we were predominantly closed, or providing restricted services due to the COVID 19 pandemic.
Our achievement over this period was for us to focus on ensuring we continued to provide a level of service to the community as per the above.
FINANCIAL REVIEW
At the yearend date the charity held total funds of £13,567 none of which were for restricted purposes. Reserve policy - the charities committee informally agrees that we aim to hold approximately £5,000 in reserve. If we have funds over that level we look to invest these into new equipment, or maintenance needs as required.
- During 2019 2020 our income was affected by the pandemic and the expenses of running / maintaining our building / organisation were largely supported by the £10,000 COVID 19 grant applied for and received from Rother District Council.
The receipt of the grant and the clubs outstanding funds enabled us to monitor and ensure that we were adequately placed as an organisation to continue operating during the current and into the next financial year.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a constitution, and constitutes a charitable incorporated organisation.
Bexhill Amateur Boxing Club is affiliated to the sport's national governing body - England Boxing. We are therefore bound by the rules and regulations provided by the governing body.
Further information regarding England Boxing can be found at www.englandboxing.org
Page 3
Bexhill Amateur Boxing Club Trustees Annual Report
Recruitment and appointment of new trustees
Trustees are appointed by election of the committee.
Statement of trustees' responsibilities in relation to the financial statements
The charity trustees are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
Signed on behalf of the charity's trustees
R. Witcomb
Trustee
16 October 2022
Page 4
Bexhill Amateur Boxing Club
Independent Examiners Report
Independent Examiner's Report to the trustees of Bexhill Amateur Boxing Club
I report to the trustees on my examination of the financial statements of Bexhill Amateur Boxing Club for the year ended 31 March 2021 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and the related notes.
Responsibilities and basis of report
As the charity's trustees you are responsible for the preparation of the financial statements in accordance ' ' with the requirements of the Charities Act 2011( the Act ). The trustees consider that an audit is not required for this year under the Charities Act 2011, s.144(2) (the 2011 Act) and that an independent examination is needed.
I report in respect of my examination of the charity's financial statements 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 can 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:
-
the accounting records were not kept in respect of the charity as required by section 130 of the Act; or
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the financial statements do not accord with those records; or
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the financial statements do not comply with the applicable requirements concerning the form and content of the financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements give a 'true and fair' view which is not a matter
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I hcaonvesinoderedcon acerns pasrt oandf ahna ivendependent ecome acrossxanomotherinationm.atters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
~~~
Stephen Perry LLB (Hons) ACMA, CGMA, FCII
Stephen Perry & Co Knowle House 38 York Road
York YO24 4LZ
16 October 2022
Bexhill Amateur Boxing Club Statement of Financial Activities
for the year ended 31 March 2021
| for the year ended 31 March 2021 | ||||
|---|---|---|---|---|
| Notes Income and endowments from: Donationsandlegacies 3 Charitableactivities 4 Total Expenditure on: Charitableactivities 5 Other 6 Total Netgainsoninvestments Netincome Transfersbetweenfunds Netincome before other gains/(losses) Othergainsandlosses Net movementinfunds Reconciliation of funds: Totalfundsbroughtforward Totalfundscarriedforward |
Unrestricted funds |
Totalfunds | Totalfunds | |
| 2021 | 2021 | 2020 | ||
| £ | £ | £ | ||
| 101 | 101 | 146 | ||
| 11,038 | 11,038 | 21,343 | ||
| 11,139 | 11,139 | 21,489 | ||
| 1,666 | 1,666 | 4,754 | ||
| 6,490 | 6,490 | 14,126 | ||
| 8,156 | 8,156 | 18,880 | ||
| - | - | - | ||
| 2,983 | 2,983 | 2,609 | ||
| - | - | - | ||
| 2,983 | 2,983 | 2,609 | ||
| 2,983 | 2,983 | 2,609 | ||
| 10,584 | 10,584 | 7,975 | ||
| 13,567 | 13,567 | 10,584 | ||
Page 6
Bexhill Amateur Boxing Club Balance Sheet
at 31 March 2021
| at 31 March 2021 | ||
|---|---|---|
| Charity No.1171049 Current assets Cashat bankandin hand Creditors: Amountfallingdue within one year 8 Netcurrent assets Totalassets lesscurrentliabilities Net assetsexcludingpension asset orliability Totalnet assets Thefundsofthecharity Restrictedfunds 10 Unrestrictedfunds 10 Generalfunds Reserves 10 Totalfunds Approved by the trusteeson 16 October 2022 |
2021 £ 15,247 15,247 (1,680) 13,567 13,567 13,567 13,567 13,567 13,567 13,567 |
2020 £ 11,424 |
| 11,424 (840) |
||
| 10,584 10,584 |
||
| 10,584 | ||
| 10,584 | ||
| 10,584 | ||
| 10,584 | ||
| 10,584 | ||
And signed on their behalf by:
R. Witcomb Trustee 16 October 2022
Page 7
Bexhill Amateur Boxing Club Notes to the Accounts
-
for the year ended 31 March 2021
-
1 Accounting policies
Basis of preparation
The financial statements have been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic if Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
Change in basis of accounting or to previous accounts
There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.
Fund accounting
- Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.
Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values. Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.
Income
- Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.
Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income. Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material. Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year.
assets
Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets
Page 8
Bexhill Amateur Boxing Club Notes to the Accounts
Expenditure
Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT expenditure which cannot be fully recovered, and is reported as part of the expenditure to which it relates. Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs. Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid. Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
Other expenditure These are support costs not allocated to a particular activity.
Taxation
The charity is exempt from tax on its charitable activities.
Trade and other debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other - short term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.
Trade and other creditors
Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
Foreign currencies
Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period. Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.
All exchange differences are are taken into account in arriving at net income/expenditure.
Page 9
Bexhill Amateur Boxing Club
Notes to the Accounts
2 Statement of Financial Activities - prior year
| 2 Statement ofFinancialActivities-prior year |
|||
|---|---|---|---|
| Income and endowmentsfrom: Donationsandlegacies Charitableactivities Total Expenditure on: Charitableactivities Other Total Netincome Netincome before other gains/(losses) Othergainsandlosses: Net movementinfunds Reconciliation of funds: Totalfundsbroughtforward Totalfundscarriedforward 3 Incomefrom donationsandlegacies Donationsandlegacies 4 Incomefromcharitable activities Boxingclubactivities Grants |
Unrestricted £ 101 101 Unrestricted £ 1,038 10,000 11,038 |
Unrestricted funds 2020 £ 146 21,343 21,489 4,754 14,126 18,880 2,609 2,609 2,609 7,975 10,584 Total 2021 £ 101 101 Total 2021 £ 1,038 10,000 11,038 |
Totalfunds 2020 £ 146 21,343 |
| 21,489 4,754 14,126 |
|||
| 18,880 | |||
| 2,609 | |||
| 2,609 | |||
| 2,609 7,975 |
|||
| 10,584 | |||
| Total 2020 £ 146 |
|||
| 146 | |||
| Total 2020 £ 21,343 - |
|||
| 21,343 |
Page 10
Bexhill Amateur Boxing Club Notes to the Accounts
| BexhillAmateur Boxing Club Notesto the Accounts |
|||
|---|---|---|---|
| 5 Expenditure oncharitable activities Unrestricted Total 2021 £ £ Expenditureoncharitable activities Directcosts 826 826 Governancecosts IndependentExaminers' Remuneration 840 840 1,666 1,666 6 Other expenditure Unrestricted Total 2021 £ £ Motorand travelcosts 577 577 Premises costs 2,614 2,614 Generaladministrativecosts 3,142 3,142 Legaland professionalcosts 157 157 6,490 6,490 7 Staffcosts No employee received emolumentsin excessof£60,000. 8 Creditors: amountsfallingdue within one year 2021 £ Accruals 1,680 1,680 9 DeferredIncome Movement ofthe deferredincomeshowninCreditors:amountsfalling duewithin oneyear 2021 £ At 1 April - Released incurrent year - |
Unrestricted £ 826 840 1,666 Unrestricted £ 577 2,614 3,142 157 6,490 2021 £ |
Total 2021 £ 826 840 1,666 Total 2021 £ 577 2,614 3,142 157 6,490 |
Total 2020 £ 3,914 840 |
| 4,754 | |||
| Total 2020 £ 1,629 3,018 9,256 223 |
|||
| 14,126 | |||
| 2020 £ |
|||
| 1,680 | 840 | ||
| 840 | |||
| 2020 £ 1,766 (1,766) |
Page 11
Bexhill Amateur Boxing Club Notes to the Accounts
10 Movement in funds
| 10 Movementinfunds | ||||
|---|---|---|---|---|
| Restrictedfunds: Unrestrictedfunds: Generalfunds Totalfunds 11 Analysisofnet assetsbetweenfunds Netcurrentassets |
At 1 April 2020 10,584 10,584 |
Incoming resources (including other gains/losses) £ 11,139 11,139 |
Resources expended £ (8,156) (8,156) Unrestricted funds £ 13,567 13,567 |
At 31 March 2021 £ 13,567 |
| 13,567 | ||||
| Total £ 13,567 |
||||
| 13,567 |
Page 12
Bexhill Amateur Boxing Club Statement of Cash flows
for the year ended 31 March 2021
| Cashflowsfrom operatingactivities Netincome perStatement ofFinancialActivities Adjustmentsfor: Increase/(Decrease)in tradeand other payables Netcash provided by operatingactivities Netcashfrominvestingactivities Netcashfromfinancingactivities Netincreaseincash andcash equivalents Cash andcash equivalentsat the beginningofthe year Cash andcash equivalentsat the end ofthe year |
2021 £ 2,983 840 3,823 - - 3,823 11,424 15,247 |
2020 £ 2,609 (360) |
|---|---|---|
| 2,249 | ||
| - | ||
| - | ||
| 2,249 | ||
| 10,941 | ||
| 13,190 | ||
| Componentsofcash andcash equivalents | ||
| Cashand bankbalances | 15,247 | 11,424 |
| 15,247 | 11,424 |
Page 13