Company registration number: CE010004 Charity registration number: 1173059
Double Jab ABC
Annual Report and Financial Statements for the Year Ended 31 December 2021
Double Jab ABC
| Contents | ||
|---|---|---|
| Reference and Administrative Details | 1 | |
| Trustee's Report | 2 to 3 | |
| Statement of Trustee's Responsibilities | 4 | |
| Independent Examiner's Report | 5 | |
| Statement of Financial Activities | 6 | |
| Balance Sheet | 7 | |
| Notes to the Financial Statements | 8 to 13 | |
| Detailed Statement of Financial Activities | 14 to 15 |
Double Jab ABC
Reference and Administrative Details
Trustees Mr M Ibrahim Ms I Harrison Mr S Anderson Mr E Harrison Ms L Ramsay (appointed 1 December 2021) Principal Office The Moonshot Centre Angus Street London SE14 6LU The charity is incorporated in England and Wales. Company Registration Number CE010004 Charity Registration Number 1173059 Independent Examiner Waite Financial Ltd 167-169 Great Portland Street London W1W 5PF
Page 1
Double Jab ABC
Trustee's Report
The trustees present the annual report together with the financial statements of the charitable incorporated organisation for the year ended 31 December 2021.
Objectives and activities
Objects and aims
The promotion of community participation in healthy recreation in particular by the provision of amateur boxing.
Objectives, strategies and activities
The Trustees kept in mind the Charity Commission’s guidance on public benefit when planning our activities for the year. As a matter of course, reference was made to our agreed objectives to aid decision-making. The main activities undertaken for the public benefit were as follows:
Maintain a safe environment: Build a sanctuary which welcomes everyone and treats all members equally.
In 2021, member and staff safety remained at the forefront of our decision-making. We followed government guidance throughout, continued to update our Risk Assessment and only slowly increased the capacity of the classes.
On reopening in May 2021, we invested in our facilities including replacing the flooring in the Club.
Inspire our members: Our coaching goes beyond boxing. Through lessons in discipline, respect and commitment, we inspire and empower our members.
We want to not only support our members in developing their boxing skills but also to help build the life skills of those most at risk of falling into crime and gang culture.
In 2021, our priority was to rebuild the Club following the pandemic. As a result of Covid-19, the number of coaches dramatically reduced and so in 2021 we focused on increasing our coaching capacity. The Head Coach also started his Level 3 England Boxing qualification.
Develop Champions: Put in the hard work and get rewarded for it.
At Double Jab ABC, we enable our members to compete at the highest level. We run classes for amateur boxers from novice to elite and provide opportunities to compete at the highest levels.
Whilst Covid-19 continued to prevent competition in the first half of the year, in September the Club had its first competitive fight since pre-pandemic.
Public benefit
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
Page 2
Double Jab ABC
Trustees' Report
Achievements and performance
In the context of the continued Covid-19 pandemic, our main achievements were:
-
Going above and beyond government guidelines to ensure the safety of our members and staff
-
Rebuilding our class attendance and coaching staff following reopening in May 2021
-
The Head Coach starting Level 3 England Boxing Training.
-
The first fight taking place since the pandemic.
-
Remaining financially solvent throughout the period
Structure, governance and management
Policy on reserves
A reserves policy was adopted in May 2017, to maintain not less than 3 months’ operating costs allowing DJ ABC to have a clear financial picture when considering the on going operational expenditure and repairs and maintenance of the club to ensure it remains at a consistent and safe standard.
This allows us to plan further fundraising activities, marketing and promotional club related events for its members whilst ensuring that operating costs would continue to be met.
Funds in deficit
No funds were materially in deficit.
Principal sources of funding
Source of funds:
-
Membership fees from those who regularly attend the boxing club
-
Class fees from those who attend novice and recreational classes
-
The sale of ancillary items such boxing gloves, hand wraps and club hooded jumpers and t shirts
-
Ticket sales from the organisation and staging of boxing events for DJ ABC and other London clubs.
-
Donations from the community, local business owners, government and council initiatives.
The annual report was approved by the trustees of the charity on 31 October 2022 and signed on its behalf by:
Mr M Ibrahim
Trustee
Page 3
Double Jab ABC
Statement of Trustee's Responsibilities
The trustees are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
The law applicable to charities requires the trustees to prepare financial statements for each financial year. Under such law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the trustees are required to:
-
select suitable accounting policies and apply them consistently;
-
observe the methods and principles in the Charities SORP;
-
make judgements and estimates that are reasonable and prudent;
-
state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity’s transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the trustees of the charity on 31 October 2022 and signed on its behalf by:
Mr M Ibrahim Trustee
Page 4
Double Jab ABC
Independent Examiner's Report to the trustee of Double Jab ABC
I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 December 2021 which are set out on pages 6 to 15.
Respective responsibilities of trustees and examiner
As the charity’s trustees of Double Jab ABC you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the 2011 Act’).
Having satisfied myself that the accounts of Double Jab ABC are not required to be audited under Part 8 of the 2011 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the 2011 Act. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner’s statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of Double Jab ABC as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view' which is not a matter considered as part of an independent examination; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities.
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.
Luke Waite BA(Hons) ACA Waite Financial Ltd 167-169 Great Portland Street London W1W 5PF
- 27 October 2022
\
Page 5
Double Jab ABC
Statement of Financial Activities for the Year Ended 31 December 2021 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)
| Note | Unrestricted Total |
|---|---|
| funds 2021 |
|
| £ £ |
|
| Income and Endowments from: | |
| Donations and legacies 3 |
33,517 33,517 |
| Charitable activities 3 |
- - |
| Total income | 33,517 33,517 |
| Expenditure on: | |
| Raising funds 4 |
(502) (502) |
| Charitable activities 5 |
(52,046) (52,046) |
| Total expenditure | (52,548) (52,548) |
| Net movement in funds | (19,031) (19,031) |
| Reconciliation of funds | |
| Total funds brought forward | 36,651 36,651 |
| Total funds carried forward 10 |
17,620 17,620 |
| Note | Unrestricted Total |
| funds 2020 |
|
| £ £ |
|
| Income and Endowments from: | |
| Donations and legacies 3 |
45,602 45,602 |
| Charitable activities 3 |
11,730 11,730 |
| Total income | 57,332 57,332 |
| Expenditure on: | |
| Raising funds 4 |
(3,082) (3,082) |
| Charitable activities 5 |
(44,830) (44,830) |
| Total expenditure | (47,912) (47,912) |
| Net income | 9,420 9,420 |
| Net movement in funds | 9,420 9,420 |
| Reconciliation of funds | |
| Total funds brought forward | 27,231 27,231 |
| Total funds carried forward 11 |
36,651 36,651 |
All of the charity's activities derive from continuing operations during the above two periods.
Page 6
Double Jab ABC
(Charity registration number: 1173059) Balance Sheet as at 31 December 2021
| Note | 2021 2020 |
|---|---|
| £ £ |
|
| Fixed assets | |
| Tangible assets 9 |
8,558 9,191 |
| Current assets | |
| Cash at bank and in hand | 10,187 27,460 |
| 36,651 | |
| Creditors:Amounts fallingdue within oneyear 10 |
(1,125) - |
| Net current assets | 9,062 36,651 |
| Total assets less current liabilities | 17,620 36,651 |
| Net assets | 17,620 36,651 |
| Funds of the charity: | |
| Unrestricted income funds | |
| Unrestricted funds | 17,620 36,651 |
| Total funds 11 |
17,620 36,651 |
The financial statements on pages 6 to 15 were approved by the trustees, and authorised for issue on 31 October 2022 and signed on behalf by:
Mr M Ibrahim
Trustee
Page 7
Double Jab ABC
Notes to the Financial Statements for the Year Ended 31 December 2021
1 Charity status
The charitable incorporated organisation is registered in England and Wales.
The address of its registered office is: The Moonshot Centre Angus Street London SE14 6LU
2 Accounting policies
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
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). They also comply with the Companies Act 2006 and Charities Act 2011.
Basis of preparation
Double Jab ABC 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 notes.
Going concern
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity.
Exemption from preparing a cash flow statement
The charity opted to early adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements.
Income and endowments
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably.
Page 8
Double Jab ABC
Notes to the Financial Statements for the Year Ended 31 December 2021
2 Accounting policies (continued)
Donations and legacies
Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period.
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
Raising funds
These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.
Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Governance costs
These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustee’s meetings and reimbursed expenses.
Taxation
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Tangible fixed assets
Fixed assets are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Page 9
Notes to the Financial Statements for the Year Ended 31 December 2021
Double Jab ABC
2 Accounting policies (continued)
Depreciation and amortisation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Equipment – 20% straight line
Fixtures and fittings – 12.5% straight line
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Fund structure
Unrestricted income funds are general funds that are available for use at the trustee's discretion in furtherance of the objectives of the charity.
3 Income and Endowments
| Unrestricted | ||||
|---|---|---|---|---|
| funds | ||||
| Total | Total | |||
| General | 2021 | 2020 | ||
| £ | £ | £ | ||
| Donations and legacies | ||||
| Government grants | 2,000 | 2,000 | 10,000 | |
| Regulargivingand capital donations | 31,517 | - | 35,602 | |
| 33,517 | 33,517 | 45,602 | ||
| Charitable activities | ||||
| Charitable activities | - | - | 11,730 |
4 Expenditure on raising funds
a) Costs of generating donations and legacies
| Unrestricted funds |
|
|---|---|
| General Total 2021 Total 2020 |
|
| £ £ £ |
|
| Purchases | (502) (502) (1,740) |
| Marketingandpublicity | - - (1,342) |
| (502) (502) (3,082) |
Page 10
Double Jab ABC
Notes to the Financial Statements for the Year Ended 31 December 2021
5 Expenditure on charitable activities
| 5 Expenditure on charitable activities |
|
|---|---|
| Unrestricted funds Total Total |
|
| General 2021 2020 |
|
| £ £ £ |
|
| Staff costs | (16,851) (16,851) (17,502) |
| Freelancer costs | (11,020) (11,020) (8,751) |
| Rent | (4,165) (4,165) (6,664) |
| Cleaning costs | (4,761) (4,761) (2,663) |
| Accountancy costs | (534) (534) - |
| Office costs | (8,870) (8,870) (4,686) |
| Depreciation, amortisation and other similar costs | (2,488) (2,488) (2,389) |
| Othergovernance costs | (3,357) (3,357) (2,175) |
| (52,046) (52,046) (44,830) |
£Nil (2018 - £Nil) of the above expenditure was attributable to restricted funds.
6 Net incoming/outgoing resources
Net incoming resources for the year include:
| 6 Net incoming/outgoing resources Net incoming resources for the year include: |
|
|---|---|
| 2021 2020 |
|
| £ £ |
|
| Depreciation of fixed assets | (2,488) (2,389) |
| 7 Trustee remuneration and expenses |
|
| a) Staff costs |
|
| The aggregate payroll costs were as follows: | |
| 2021 2020 |
|
| £ £ |
|
| Staff costs during the year were: | |
| Wages and salaries | (16,851) (17,502) |
| Staff training | - - |
| (16,851) (17,502) |
No employee received emoluments of more than £60,000 during the year.
Page 11
Double Jab ABC
Notes to the Financial Statements for the Year Ended 31 December 2021
8 Taxation
The charity is a registered charity and is therefore exempt from taxation.
9 Tangible fixed assets
| Furniture and equipment Total |
Furniture and equipment Total |
||||
|---|---|---|---|---|---|
| £ £ |
|||||
| Cost | |||||
| At 1 January 2021 | 12,344 12,344 |
||||
| Additions | 1,855 1,855 |
||||
| At 31 December 2021 | 14,199 14,199 |
||||
| Depreciation | |||||
| At 1 January 2021 | 3,153 3,153 |
||||
| Charge for theyear | 2,488 2,488 |
||||
| At 31 December 2021 | 5,641 5,641 |
||||
| Net book value | |||||
| At 31 December 2021 | 8,558 8,558 |
||||
| At 31 December 2020 | 9,191 9,191 |
||||
| 10 Creditors: Amounts falling due within one year |
£ | ||||
| Taxation and social security | 1,125 | ||||
| 11 Funds |
|||||
| Balance at 1 Incoming Resources Balance at 31 |
|||||
| January 2021 resources expended December 2021 |
|||||
£ £ £ £ |
|||||
| Unrestricted funds | |||||
| General | 36,651 33,517 (52,548) 17,620 |
||||
| Balance at 1 Incoming Resources Balance at 31 |
|||||
| January 2020 resources expended December 2020 |
|||||
£ £ £ £ |
|||||
| Unrestricted funds | |||||
| General | 27,231 57,332 (47,912) 36,651 |
| 11 Funds |
||||||
|---|---|---|---|---|---|---|
| Balance at 1 | Incoming | Resources | Balance at 31 | |||
| January | 2021 | resources | expended | December 2021 | ||
| £ | £ | £ | £ | |||
| Unrestricted | funds | |||||
| General | 36,651 | 33,517 | (52,548) | 17,620 | ||
| Balance at 1 | Incoming | Resources | Balance at 31 | |||
| January | 2020 | resources | expended | December 2020 | ||
| £ | £ | £ | £ | |||
| Unrestricted | funds | |||||
| General | 27,231 | 57,332 | (47,912) | 36,651 |
Page 12
Double Jab ABC
Notes to the Financial Statements for the Year Ended 31 December 2021
| 12 Analysis of net assets between funds |
|
|---|---|
| Unrestricted funds |
|
| General 2021 £ Total funds 2020 £ |
|
| Tangible fixed assets | 8,558 9,191 |
| Current assets | 10,187 27,460 |
| Current liabilities | (1,125) - |
| Total net assets | 17,620 36,651 |
| 13 Analysis of net funds |
|
| At 1 January 2021 Cash flow At 31 December 2021 |
|
| £ £ £ |
|
| Cash at bank and in hand | 27,460 (17,273) 10,187 |
| Net debt | 27,460 (17,273) 10,187 |
Page 13
Double Jab ABC
Detailed Statement of Financial Activities for the Year Ended 31 December 2021
| 2021 2021 |
|
|---|---|
| Unrestricted funds |
|
| General Total Total 2020 |
|
| £ £ £ |
|
| Income and Endowments from: | |
| Donations and legacies (analysed below) | 33,517 33,517 45,602 |
| Charitable activities(analysed below) | - - 11,730 |
| Total income | 33,517 33,517 57,332 |
| Expenditure on: | |
| Raising funds (analysed below) | (502) (502) (3,082) |
| Charitable activities(analysed below) | (52,046) (52,046) (44,830) |
| Total expenditure | (52,548) (52,548) (47,912) |
| Net movement in funds | (19,031) (19,031) 9,420 |
| Reconciliation of funds | |
| Total funds brought forward | 36,651 36,651 27,231 |
| Total funds carried forward | 17,620 17,620 36,651 |
Page 14
Double Jab ABC
Detailed Statement of Financial Activities for the Year Ended 31 December 2021
| 2021 2021 |
2020 | |
|---|---|---|
| Unrestricted funds Total |
Total | |
| £ £ |
£ | |
| Donations and legacies | ||
| Committed giving | 31,517 |
- 35,602 |
| Appeals and donations | - |
- - |
| Government grants | 2,000 2,000 10,000 |
|
| Charitable activities | ||
| Charitable activities | - - 11,730 |
|
| 33,517 33,517 57,332 |
||
| 2021 2021 |
2020 | |
| Unrestricted funds Total |
Total | |
| £ £ |
£ | |
| Raising funds | ||
| Purchases | (502) (502) (1,740) |
|
| Promotional expenses | - - (1,342) |
|
| (502) (502) (3,082) |
||
| 2021 2021 |
2020 | |
| Unrestricted funds Total |
Total | |
| £ £ |
£ | |
| Charitable activities | ||
| Wages, salaries & contractor costs | (27,871) (27,871) (26,253) |
|
| Accountancy costs | (534) (534) - |
|
| Rent | (4,165) (4,165) (6,664) |
|
| Repairs and maintenance | (600) (600) (35) |
|
| Telephone and fax | (525) (525) (466) |
|
| Computer software and maintenance costs | (1,392) (1,392) (1,505) |
|
| Trade subscriptions | (840) (840) (169) |
|
| Office costs | (8,870) (8,870) (4,686) |
|
| Cleaning costs | (4,761) (4,761) (2,663) |
|
| Depreciation ofplant and machinery | (2,488) (2,488) (2,389) |
|
| (52,046) (52,046) (44,830) |
Page 15
Trustees' Annual Report for the period
Period start date Period end date 01 01 2021 31 12 2021
From
To
Section A Reference and administration details
Charity name Double Jab ABC
Other names charity is known by Registered charity number (if any) 1173059
Charity's principal address Moonshot Centre, Angus St, New Cross, London Postcode SE14 6LU
Names of the charity trustees who manage the charity
----- Start of picture text -----
Dates acted if not for whole Name of person (or body) entitled
Trustee name Office (if any)
year to appoint trustee (if any)
1 Edward Harrison Chair
2 Imogen Harrison
Louise Ramsay Appointed: 01 December
3
2021
4 Murtaza Ibrahim
5 Simon Anderson
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
----- End of picture text -----
Names of the trustees for the charity, if any, (for example, any custodian trustees)
----- Start of picture text -----
Name Dates acted if not for whole year
N/A N/A
----- End of picture text -----
March 2012
TAR
1
Names and addresses of advisers (Optional information)
----- Start of picture text -----
Type of adviser Name Address
N/A N/A N/A
----- End of picture text -----
Name of chief executive or names of senior staff members (Optional information)
Managing Director – Michael Harris
Section B Structure, governance and management
Description of the charity’s trusts
Type of governing document
Constitution
- (eg. trust deed, constitution)
How the charity is constituted
Charitable Incorporated Organisation (CIO)
- (eg. trust, association, company)
Trustee selection methods
- (eg. appointed by, elected by)
(1) Apart from the first charity trustees, every trustee must be appointed for a term of three years by a resolution passed at a properly convened meeting of the charity trustees.
(2) In selecting individuals for appointment as charity trustees, the charity trustees must have regard to the skills, knowledge and experience needed for the effective administration of the CIO.
Additional governance issues (Optional information)
You may choose to include additional information, where relevant, about:
-
policies and procedures adopted for the induction and training of trustees;
-
the charity’s organisational structure and any wider network with which the charity works;
-
relationship with any related parties;
As a result of the continued impact of the Covid-19 pandemic, a number of the risk management measures taken in 2020 were required to continue into 2021. These include:
-
Member & Staff Safety:
- The Club was shut between 1 January until 17 May 2021.-
On reopening, Lewisham Council received an updated risk assessment.
-
-
Financial Stability:
-
The rent agreement with Lewisham Council was reviewed and updated.
-
The Managing Director was furloughed.
-
-
trustees’ consideration of major risks and the system and procedures to manage them.
March 2012
TAR
2
Section C Objectives and activities
Summary of the objects of the charity set out in its governing document
The promotion of community participation in healthy recreation in particular by the provision of amateur boxing.
The Trustees kept in mind the Charity Commission’s guidance on public benefit when planning our activities for the year. As a matter of course, reference was made to our agreed objectives to aid decision-making. The main activities undertaken for the public benefit were as follows:
- Maintain a safe environment: Build a sanctuary which welcomes everyone and treats all members equally.
In 2021, member and staff safety remained at the forefront of our decision-making. We followed government guidance throughout, continued to update our Risk Assessment and only slowly increased the capacity of the classes.
On reopening in May 2021, we invested in our facilities including replacing the flooring in the Club.
Summary of the main activities undertaken for the public benefit in relation to these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit)
- Inspire our members: Our coaching goes beyond boxing. Through lessons in discipline, respect and commitment, we inspire and empower our members.
We want to not only support our members in developing their boxing skills but also to help build the life skills of those most at risk of falling into crime and gang culture.
In 2021, our priority was to rebuild the Club following the pandemic. As a result of Covid-19, the number of coaches dramatically reduced and so in 2021 we focused on increasing our coaching capacity. The Head Coach also started his Level 3 England Boxing qualification.
- Develop Champions: Put in the hard work and get rewarded for it.
At Double Jab ABC, we enable our members to compete at the highest level. We run classes for amateur boxers from novice to elite and provide opportunities to compete at the highest levels.
Whilst Covid-19 continued to prevent competition in the first half of the year, in September the Club had its first competitive fight since pre-pandemic.
March 2012
TAR
3
Additional details of objectives and activities (Optional information)
You may choose to include further statements, where relevant, about:
-
policy on grantmaking;
-
policy programme related investment;
-
contribution made by volunteers.
Section D Achievements and performance
Summary of the main achievements of the charity during the year
In the context of the continued Covid-19 pandemic, our main achievements were:
-
Going above and beyond government guidelines to ensure the safety of our members and staff.
-
Rebuilding our class attendance and coaching staff following reopening in May 2021.
-
The Head Coach starting Level 3 England Boxing Training.
-
The first fight taking place since the pandemic.
-
Remaining financially solvent throughout the period.
Section E Financial review
Brief statement of the charity’s policy on reserves
A reserves policy was adopted in May 2017, to maintain not less than 3 months’ operating costs allowing DJ ABC to have a clear financial picture when considering the on going operational expenditure and repairs and maintenance of the club to ensure it remains at a consistent and safe standard.
This allows us to plan further fundraising activities, marketing and promotional club related events for it’s members whilst ensuring that operating costs would continue to be met.
Details of any funds materially in deficit
No funds were materially in deficit.
Further financial review details (Optional information)
March 2012
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4
You may choose to include additional information, where relevant about:
-
the charity’s principal sources of funds (including any fundraising);
-
how expenditure has supported the key objectives of the charity;
Source of funds:
-
Membership fees from those who regularly attend the boxing club
-
Class fees from those who attend novice and recreational classes
-
The sale of ancillary items such boxing gloves, hand wraps and club hooded jumpers and t shirts
-
Ticket sales from the organisation and staging of boxing events for DJ ABC and other London clubs.
-
Donations from the community, local business owners, government and council initiatives.
-
investment policy and objectives including any ethical investment policy adopted.
Section F Other optional information
Section G Declaration
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
Signature(s)
Full name(s) Murtaza Ibrahim
Position (eg Secretary, Chair, Trustee etc)
Date 31 October 2022
March 2012
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