The Ring Amateur Boxing Club
Annual Report & Financial Statement Year ending 01 April 2021
Charity Number 1174640 Company Number 10870651
Trustee Report
The trustees of The Ring Amateur Boxing Club, registered as a charity on 14 September 2017, present their annual report and accounting statement for the period ending 1 April 2021. The accounts have been prepared on a receipts and payments basis.
Registered office
75 Jubilee Court Hazel Hill Bracknell Berkshire RG12 9QR
Our Purpose
The Ring Amateur Boxing Club (ABC), based in Bracknell, Berkshire aims to serve the local community by helping people from all walks of life, age and ability to reap benefits of physical and mental wellbeing through the provision of facilities and training for boxing.
Established in 2013 by ex-amateur boxer, Darren Taylor, the boxing club remains the only club of its type in Bracknell, and is affiliated with England Boxing.
Boxing builds confidence and enhances social skills with the camaraderie that comes from team work, making new friends with likeminded people who love the sport, and learning new skills. We see self-discipline grow as members learn & adhere to club rules, boxing technique and etiquette - all underpinned by building a community spirit, keeping the kids off the streets and providing a safe environment for everyone who wants to learn to box. Everyone is welcome.
Our objective
Under 18s boxing training and competitive boxing will always be at the heart of the club and our objective is to continue to build on our community of 600+ registered members, and offer a safe and controlled environment to learn/grow in the healthy recreation and advancement of the amateur sport of boxing in Bracknell and the surrounding areas, with a team of experienced coaches and volunteers who mentor and train those who attend.
The benefits of boxing have long been advocated and The Ring ABC offers a safe environment to learn & train.
All club activities are run by volunteers.
Year Review
The gym closed in March 2020, in accordance with lockdown rules, and reopened on 25[th] August 2020 along with additional sporadic closures until April 2021 as the world of Boxing navigated COVID 19.
-
Where Covid rules allowed, the coaches ran outside fitness classes and adhered to social distancing rules. It was important to continue providing coaching for the amateur boxers and fitness classes to the keep fit members.
-
The club took the opportunity to acquire neighbouring space and set about refurbishments while the gym was closed for the majority of the year, which included extensive building works to integrate two units into one and provide a bigger and better equipped facility.
-
The refurbishment works was carried out by volunteers.
Reserves Policy
The club does not operate a reserves policy. Any reserves are for the enhancement of the club facilities and equipment as and when required and as agreed by the trustees.
Trustees
| Trustees | ||
|---|---|---|
| Name | Appointed | Resigned |
| Glenn Grundy | 18-July-2017 | |
| Beverley Grundy | 18 July-2017 | |
| Sian Lindsey |
17-Aug-2017 | |
| Darren Taylor | 17-Feb-2018 | |
| George Jones | 19-Oct-2018 |
Trustees are responsible for the safe management of the club finances, member’s welfare and raising funds via fundraising activities and grant applications.
Independent Examiner
David Lindsey
Lindsey Cottage, Forest Road, Wokingham, RG40 5SA
Bank
Barclays Bank
1 High Street
Bracknell, Berkshire
RG12 1DR
Approved by the board of trustees on 31 March 2023 and signed on its behalf by Mrs Jane Corriette - Trustee
Financial Overview
Cash in bank at April 2021 was £27,696 in unrestricted funds.
Our main source of funds were local authority grants, rent rebates and donations from local charities.
The team continue to look for funding opportunities and sponsors to bring income into the club.
Financial Breakdown
Receipts & Payments accounts
|Receipts
Income from Club Activities
Income from Local Authority grants
Income from Local Authority rates relief
Donations
Fund Raising Activities
Merchandise
Total receipts
Payments
Payments relating to Club Activities
Payments to BFC - rent | insurance
Equipment
Materials
Cleaning
Gym Management
Marketing
Sundries
Total Payments
Net receipts (payments for year
Surplus/(defict) b/fwd
Surplus/(defict) c/fwd|2021
Unrestricted
Funds
£
1184.25
25000
15157
12116.61
-
53457.86
-
10991.25
8425.8
6655.71
311.32
-
-
-
26384.08
27073.78
622.82
27696.6|2020
Unrestricted
Funds
11596.64
-
-
301.08
-
-|
|---|---|---|
|||11,897.72|
|||-
11423.44
-
-
-
-
-
0.38|
|||11423.82|
|||473.90
148.92|
|||622.82|
Statement of assets & liabilities
| Cash funds Cash at bank Petty cash Other monetary assets Assets Equipment Computers & other equipment Liabilities |
As at 1 April 2021 £ 27696.62 - 27696.62 - - 10000 500 10500 - - |
As at 1 April 2020 £ 622.82 - |
|---|---|---|
| 622.82 | ||
| - | ||
| - | ||
| 3000 0 |
||
| 3000 | ||
| - | ||
| - |
Approved by the board of trustees on 31 March 2023 and signed on its behalf by Mrs Jane Corriette - Trustee
The Ring Amateur Boxing Club
Annual Report & Financial Statement Year ending 01 April 2021
Charity Number 1174640 Company Number 10870651
Trustee Report
The trustees of The Ring Amateur Boxing Club, registered as a charity on 14 September 2017, present their annual report and accounting statement for the period ending 1 April 2021. The accounts have been prepared on a receipts and payments basis.
Registered office
75 Jubilee Court Hazel Hill Bracknell Berkshire RG12 9QR
Our Purpose
The Ring Amateur Boxing Club (ABC), based in Bracknell, Berkshire aims to serve the local community by helping people from all walks of life, age and ability to reap benefits of physical and mental wellbeing through the provision of facilities and training for boxing.
Established in 2013 by ex-amateur boxer, Darren Taylor, the boxing club remains the only club of its type in Bracknell, and is affiliated with England Boxing.
Boxing builds confidence and enhances social skills with the camaraderie that comes from team work, making new friends with likeminded people who love the sport, and learning new skills. We see self-discipline grow as members learn & adhere to club rules, boxing technique and etiquette - all underpinned by building a community spirit, keeping the kids off the streets and providing a safe environment for everyone who wants to learn to box. Everyone is welcome.
Our objective
Under 18s boxing training and competitive boxing will always be at the heart of the club and our objective is to continue to build on our community of 600+ registered members, and offer a safe and controlled environment to learn/grow in the healthy recreation and advancement of the amateur sport of boxing in Bracknell and the surrounding areas, with a team of experienced coaches and volunteers who mentor and train those who attend.
The benefits of boxing have long been advocated and The Ring ABC offers a safe environment to learn & train.
All club activities are run by volunteers.
Year Review
The gym closed in March 2020, in accordance with lockdown rules, and reopened on 25[th] August 2020 along with additional sporadic closures until April 2021 as the world of Boxing navigated COVID 19.
-
Where Covid rules allowed, the coaches ran outside fitness classes and adhered to social distancing rules. It was important to continue providing coaching for the amateur boxers and fitness classes to the keep fit members.
-
The club took the opportunity to acquire neighbouring space and set about refurbishments while the gym was closed for the majority of the year, which included extensive building works to integrate two units into one and provide a bigger and better equipped facility.
-
The refurbishment works was carried out by volunteers.
Reserves Policy
The club does not operate a reserves policy. Any reserves are for the enhancement of the club facilities and equipment as and when required and as agreed by the trustees.
Trustees
| Trustees | ||
|---|---|---|
| Name | Appointed | Resigned |
| Glenn Grundy | 18-July-2017 | |
| Beverley Grundy | 18 July-2017 | |
| Sian Lindsey |
17-Aug-2017 | |
| Darren Taylor | 17-Feb-2018 | |
| George Jones | 19-Oct-2018 |
Trustees are responsible for the safe management of the club finances, member’s welfare and raising funds via fundraising activities and grant applications.
Independent Examiner
David Lindsey
Lindsey Cottage, Forest Road, Wokingham, RG40 5SA
Bank
Barclays Bank
1 High Street
Bracknell, Berkshire
RG12 1DR
Approved by the board of trustees on 31 March 2023 and signed on its behalf by Mrs Jane Corriette - Trustee
Financial Overview
Cash in bank at April 2021 was £27,696 in unrestricted funds.
Our main source of funds were local authority grants, rent rebates and donations from local charities.
The team continue to look for funding opportunities and sponsors to bring income into the club.
Financial Breakdown
Receipts & Payments accounts
|Receipts
Income from Club Activities
Income from Local Authority grants
Income from Local Authority rates relief
Donations
Fund Raising Activities
Merchandise
Total receipts
Payments
Payments relating to Club Activities
Payments to BFC - rent | insurance
Equipment
Materials
Cleaning
Gym Management
Marketing
Sundries
Total Payments
Net receipts (payments for year
Surplus/(defict) b/fwd
Surplus/(defict) c/fwd|2021
Unrestricted
Funds
£
1184.25
25000
15157
12116.61
-
53457.86
-
10991.25
8425.8
6655.71
311.32
-
-
-
26384.08
27073.78
622.82
27696.6|2020
Unrestricted
Funds
11596.64
-
-
301.08
-
-|
|---|---|---|
|||11,897.72|
|||-
11423.44
-
-
-
-
-
0.38|
|||11423.82|
|||473.90
148.92|
|||622.82|
Statement of assets & liabilities
| Cash funds Cash at bank Petty cash Other monetary assets Assets Equipment Computers & other equipment Liabilities |
As at 1 April 2021 £ 27696.62 - 27696.62 - - 10000 500 10500 - - |
As at 1 April 2020 £ 622.82 - |
|---|---|---|
| 622.82 | ||
| - | ||
| - | ||
| 3000 0 |
||
| 3000 | ||
| - | ||
| - |
Approved by the board of trustees on 31 March 2023 and signed on its behalf by Mrs Jane Corriette - Trustee
CHARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts Section A Independent Examiner's Report Report to the trusteesl rnembers of The Ring ABC On accounts for the year ended 110412021 Cha no 1174640 Set out on pages I report to the trust8e8 on my examination of the accounts of the above charity rth6 Trust.) for the year ended 0110412021 Responslbllitles and As the charity trust88s. you are responsible for the preparation of the ba81s of report account8 in accordance with the Charitles Act 2011 rthe Act"). I report In respect of my examination of the Trust'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 statsment I have comfftd my examination. I confirm that no mat8rial matters have come to my attention in conn6Ction with the examination which gives me cause to believe that in. any material respect,: the accounting records were not kept in accordan with sectlon 130 of the Act,. or the accounts did not accord with the aUntIng records. or the accounts did not comply with the applicable 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 exarnination. 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 enale a proper understanding of the accounts to be reached 03104 amo: Relevant profosslonal quallflcatlon(sl or body (If any): IER October 2018
Address: CJLtL' £&- 0 S Si1 Section B Disclosure Onty complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of chartty accounts: directions and guidance for examiners). Glve here detalls of any items that the examlner wishe8 to dl$clo$e. IER O¢tobèr 2018