The Ring Amateur Boxing Club
Annual Report & Financial Statement Year ending 01 April 2023
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 2023. 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
Boxing competitions:-
-
3 home shows – April/Oct/Dec 2022
-
Introduced Women’s sparring
-
Manny Safari selected for England Talent Pathway
-
Manny Safari representing England in EB’s Tri nations & winning
-
Manny Safari selected for EUBC Junior European championships in Italy, winning Bronze
-
Manchester box cup – 4 boxers attended
-
New steels installed for more bags to accommodate more members
-
National Championships Home Counties finalist
-
Home Counties (Didcot show May) June York Hall/ Berinsford show Sept Oxford Nov/ Croydon March 23
● EB Home Counties finalists in Jan 23 -
-
EBs national Junior championships 2023 semi finalists –
-
Manny Safari winning National Junior championships 2023 in his weight category – 4[th] one won
-
Manny Safari England vs Wales winner
-
Feb Home Counties finalists -
-
5 boxers EB National devt Quarter finals , 4 through to semis, 3 through to finals – 2 golds/1 silver/1 bronze
-
Liam Alloway was successful in becoming England Boxing EB Dev coach
-
Added a 3[rd] ring to accommodate the growing club members
-
More inter club sparring
-
EBs senior elite amateur championships – quarter finalists
Sponsors & Donations
Lottery - £1K / BFC £1K
The club continues to look for funding opportunities and sponsors to bring income into the club.
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 | |
| Darren Taylor | 17-Feb-2018 | |
| George Jones | 19-Oct-2018 | |
| Jane Corriette | 11-Oct-2021 |
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 2023 was £12,040 in unrestricted funds.
Our main source of funds were member session fees. Donations from awarded from local charities - Involve & Bracknell Forest Council. The Home Shows broke even overall.
The Ring ABC makes no profit whatsoever and as set out in the Articles of Association does not ever intend to.
The team continues 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
Miscellaneous
Total receipts
Payments
Payments relating to Club Activities
Payments to BFC - rent | insurance
Equipment
Materials
Kit
Gym Management
Marketing
Sundries
Total Payments
Net receipts (payments for year
Surplus/(defict) b/fwd
Surplus/(defict) c/fwd|2023
Unrestricted
Funds
£
24551.77
0
0
2148.5
2007
182.82
744.96
29,635.05
9121.26
16,787.33
0
1293.9
704.97
453.2
2193.96
30,554.62
-919.57
12959.73
12,040.16|2022
Unrestricted
Funds
£
13309.56
12000
4516.77
295
-
186.45|
|---|---|---|
|||30307.78|
|||8439.54
24829.09
2095.63
2950.5
194
4052.43
1727.17
756.51|
|||45044.87|
|||-14737.09
27696.62|
|||12959.53|
Statement of assets & liabilities
| as at 1 April 2023 |
as at 1 April 2022 |
||
| £ | |||
| Cash funds | |||
| Cash at bank | 12,040.16 | 12959.53 | |
| Pettycash | - | - | |
| 12,040.16 | 12959.53 | ||
| Other monetary assets | - | - | |
| - | - | ||
| Assets | |||
| Equipment | 5000 | 5000 | |
| Computers & other equipment |
300 | 300 | |
| 5300 | 5300 | ||
| Liabilities | - | - | |
| - | - |
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 2023
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 2023. 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
Boxing competitions:-
-
3 home shows – April/Oct/Dec 2022
-
Introduced Women’s sparring
-
Manny Safari selected for England Talent Pathway
-
Manny Safari representing England in EB’s Tri nations & winning
-
Manny Safari selected for EUBC Junior European championships in Italy, winning Bronze
-
Manchester box cup – 4 boxers attended
-
New steels installed for more bags to accommodate more members
-
National Championships Home Counties finalist
-
Home Counties (Didcot show May) June York Hall/ Berinsford show Sept Oxford Nov/ Croydon March 23
● EB Home Counties finalists in Jan 23 -
-
EBs national Junior championships 2023 semi finalists –
-
Manny Safari winning National Junior championships 2023 in his weight category – 4[th] one won
-
Manny Safari England vs Wales winner
-
Feb Home Counties finalists -
-
5 boxers EB National devt Quarter finals , 4 through to semis, 3 through to finals – 2 golds/1 silver/1 bronze
-
Liam Alloway was successful in becoming England Boxing EB Dev coach
-
Added a 3[rd] ring to accommodate the growing club members
-
More inter club sparring
-
EBs senior elite amateur championships – quarter finalists
Sponsors & Donations
Lottery - £1K / BFC £1K
The club continues to look for funding opportunities and sponsors to bring income into the club.
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 | |
| Darren Taylor | 17-Feb-2018 | |
| George Jones | 19-Oct-2018 | |
| Jane Corriette | 11-Oct-2021 |
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 2023 was £12,040 in unrestricted funds.
Our main source of funds were member session fees. Donations from awarded from local charities - Involve & Bracknell Forest Council. The Home Shows broke even overall.
The Ring ABC makes no profit whatsoever and as set out in the Articles of Association does not ever intend to.
The team continues 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
Miscellaneous
Total receipts
Payments
Payments relating to Club Activities
Payments to BFC - rent | insurance
Equipment
Materials
Kit
Gym Management
Marketing
Sundries
Total Payments
Net receipts (payments for year
Surplus/(defict) b/fwd
Surplus/(defict) c/fwd|2023
Unrestricted
Funds
£
24551.77
0
0
2148.5
2007
182.82
744.96
29,635.05
9121.26
16,787.33
0
1293.9
704.97
453.2
2193.96
30,554.62
-919.57
12959.73
12,040.16|2022
Unrestricted
Funds
£
13309.56
12000
4516.77
295
-
186.45|
|---|---|---|
|||30307.78|
|||8439.54
24829.09
2095.63
2950.5
194
4052.43
1727.17
756.51|
|||45044.87|
|||-14737.09
27696.62|
|||12959.53|
Statement of assets & liabilities
| as at 1 April 2023 |
as at 1 April 2022 |
||
| £ | |||
| Cash funds | |||
| Cash at bank | 12,040.16 | 12959.53 | |
| Pettycash | - | - | |
| 12,040.16 | 12959.53 | ||
| Other monetary assets | - | - | |
| - | - | ||
| Assets | |||
| Equipment | 5000 | 5000 | |
| Computers & other equipment |
300 | 300 | |
| 5300 | 5300 | ||
| Liabilities | - | - | |
| - | - |
Approved by the board of trustees on 31 March 2023 and signed on its behalf by Mrs Jane Corriette - Trustee
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