The Ring Amateur Boxing Club
Annual Report & Financial Statement
Year ending 01 April 2024
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 2024. 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:-
-
European Youth Bronze
-
GB Youth Gold
-
England Youth Gold
-
England Youth Bronze
-
England Schools Bronze
-
England Schools Silver
-
England Senior Development Silver
-
England Senior Development Bronze
-
Sweden King of the Ring Gold x 5
-
Riviera Box Cup Gold x 2
-
Riviera Box Cup Silver x 2
The gym was also used for training for a major movie with hollywood star, Orlando Bloom.
Sponsors & Donations
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 2024 and signed on its behalf by Mrs Jane Corriette - Trustee
Financial Overview
Cash in bank at April 2024 was £12,979 in unrestricted funds.
Our main source of funds were member session fees.
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
| 2024 | 2023 | |
| Unrestricted Funds |
Unrestricted Funds |
|
| Receipts | £ | £ |
| Income from Club Activities | 34850.44 | 24551.77 |
| Income from Local Authority grants | 0 | 0 |
| Income from Local Authorityrates relief | 0 | 0 |
| Donations | 21 | 2148.5 |
| Fund RaisingActivities | 0 | 2007 |
| Merchandise | 477.42 | 182.82 |
| Miscellaneous | 27 | 744.96 |
| Total receipts | 35,375.86 | 29,635.05 |
| Payments | ||
| Payments relatingto Club Activities | 11326.58 | 9121.26 |
| Payments to BFC - rent | insurance | 20,943.11 |
| Equipment | 457.5 | 0 |
| Materials | 336.26 | 1293.9 |
| Kit | 0 | 704.97 |
| Gym Management | 141.99 | 453.2 |
| Marketing | 151.88 | |
| Sundries | 552.95 | 2193.96 |
| Fees | 526 | |
| Total Payments | 34,436.27 | 30,554.62 |
| Net receipts(payments foryear | 939.59 | -919.57 |
| Surplus/(defict)b/fwd | 12040.16 | 12959.73 |
| Surplus/(defict) c/fwd | 12,979.75 | 12,040.16 |
Approved by the board of trustees on 31 March 2024 and signed on its behalf by Mrs Jane Corriette - Trustee