REGISTERED CHARITY NUMBER: 1175662
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 October 2021
for
Timperley Amateur Boxing Club
Boardman Conway 23A High Street Weaverham Northwich Cheshire CW8 3HA
Timperley Amateur Boxing Club
Contents of the Financial Statements for the Year Ended 31 October 2021
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | ||
| Notes to the Financial Statements | 6 | to | 9 |
| Detailed Statement of Financial Activities | 10 |
Timperley Amateur Boxing Club
Report of the Trustees for the Year Ended 31 October 2021
The trustees present their report with the financial statements of the charity for the year ended 31 October 2021. The trustees have adopted the provisions of 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 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The objectives of the charity are the promotion of community participation in healthy recreation for the benefit of the inhabitants of Timperley and the surrounding area of Trafford.
The charity also aims to promote for the benefit of the inhabitants of Timperley and the surrounding area of Trafford, the provision of facilities for recreation or other leisure time occupation of individuals who have need of such facilities by reason of their youth, age, infirmity or disablement, financial hardship or social and economic circumstances or for the public at large in the interests of social welfare and with the object of improving the condition of life of said inhabitants.
This is achieved by the provision of facilities for amateur boxing in particular but not exclusively using boxing and its training and techniques as a mean of improving health and fitness and encouraging people to make healthy life choices.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
The charity has provided boxing training for adults and children, as well as the provision of travel to competitions using usually the club minibus. This is not just for those taking part in the competition but also to encourage support for those taking part.
The charity has also the use of the facilities for fitness training for groups from local schools, as well as for children and young people who are not in education or training.
FINANCIAL REVIEW
Reserves policy
The trustees have reviewed the reserves of the charity and have concluded that to allow the charity to be managed efficiently and to continue its current activities, unrestricted fund reserves should be not less than 6 months anticipated expenditure. On this basis the current requirement is £8,000 at 31 October 2021. The trustees have ringfenced £50,700 of donations and sponsorship towards the new building cost. Actual free reserves at 31 October 2021 amounted to £22,596, which the trustees consider is a satisfactory level.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Organisational structure
The charity is governed by the trustees who meet regularly throughout the year. The trustees have been selected for their experience and knowledge with regards the boxing club and within the surrounding community. All decisions are made by the trustees at their meetings. In planning the activities for the year the trustees have kept in mind the Charity Commissions guidelines on public benefit and the objectives of the Charity.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
1175662
Principal address
Mainwood Road Timperley Altrincham WA15 7JU
Page 1
Timperley Amateur Boxing Club
Report of the Trustees
for the Year Ended 31 October 2021
Trustees
Mrs C J Gilley B Flynn A McHale
Independent Examiner
Paul Barrett Boardman Conway 23A High Street Weaverham Northwich Cheshire CW8 3HA Approved by order of the board of trustees on 8 June 2022 and signed on its behalf by:
Mrs C J Gilley - Trustee
Page 2
Independent Examiner's Report to the Trustees of Timperley Amateur Boxing Club
Independent examiner's report to the trustees of Timperley Amateur Boxing Club
I report to the charity trustees on my examination of the accounts of Timperley Amateur Boxing Club (the Trust) for the year ended 31 October 2021.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all 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 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:
-
accounting records were not kept in respect of the Trust 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 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 examination.
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.
Paul Barrett Boardman Conway 23A High Street Weaverham Northwich Cheshire CW8 3HA
17 June 2022
Page 3
Timperley Amateur Boxing Club
Statement of Financial Activities for the Year Ended 31 October 2021
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 19,091 EXPENDITURE ON Other 10,453 NET INCOME 8,638 RECONCILIATION OF FUNDS Total funds brought forward 64,658 TOTAL FUNDS CARRIED FORWARD 73,296 |
Restricted fund £ - - - 100,000 100,000 |
31.10.21 31.10.20 Total Total funds funds £ £ 19,091 37,173 10,453 14,237 8,638 22,936 164,658 141,722 173,296 164,658 |
|---|---|---|
The notes form part of these financial statements
Page 4
Timperley Amateur Boxing Club
Balance Sheet 31 October 2021
| Unrestricted fund Notes £ CURRENT ASSETS Debtors 4 43,071 Cash at bank 58,924 101,995 CREDITORS Amounts falling due within one year 5 (28,699) NET CURRENT ASSETS 73,296 TOTAL ASSETS LESS CURRENT LIABILITIES 73,296 NET ASSETS 73,296 FUNDS 6 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted fund £ - 100,000 100,000 - 100,000 100,000 100,000 |
31.10.21 Total funds £ 43,071 158,924 201,995 (28,699) 173,296 173,296 173,296 73,296 100,000 173,296 |
31.10.20 Total funds £ 42,719 150,099 192,818 (28,160) 164,658 164,658 164,658 64,658 100,000 164,658 |
|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 8 June 2022 and were signed on its behalf by:
C J Gilley - Trustee
B Flynn - Trustee
The notes form part of these financial statements
Page 5
Timperley Amateur Boxing Club
Notes to the Financial Statements for the Year Ended 31 October 2021
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
2. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 October 2021 nor for the year ended 31 October 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 October 2021 nor for the year ended 31 October 2020.
3. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 37,173 EXPENDITURE ON Other 14,237 NET INCOME 22,936 |
Restricted fund £ - - - |
Total funds £ 37,173 14,237 |
|---|---|---|
| 22,936 |
continued...
Page 6
Timperley Amateur Boxing Club
Notes to the Financial Statements - continued for the Year Ended 31 October 2021
| 3. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - Unrestricted fund £ RECONCILIATION OF FUNDS Total funds brought forward 41,722 TOTAL FUNDS CARRIED FORWARD 64,658 4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other debtors Prepayments 5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Other loans 6. MOVEMENT IN FUNDS At 1.11.20 £ Unrestricted funds General fund 64,658 Restricted funds Grant for building 100,000 TOTAL FUNDS 164,658 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 19,091 TOTAL FUNDS 19,091 |
continued Restricted Total fund funds £ £ 100,000 141,722 100,000 164,658 31.10.21 31.10.20 £ £ 935 1,510 42,136 41,209 43,071 42,719 31.10.21 31.10.20 £ £ 1,581 1,042 27,118 27,118 28,699 28,160 Net movement At in funds 31.10.21 £ £ 8,638 73,296 - 100,000 8,638 173,296 Resources Movement expended in funds £ £ (10,453) 8,638 (10,453) 8,638 |
|---|---|
continued...
Page 7
Timperley Amateur Boxing Club
Notes to the Financial Statements - continued for the Year Ended 31 October 2021
6. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| At 1.11.19 £ Unrestricted funds General fund 41,722 Restricted funds Grant for building 100,000 TOTAL FUNDS 141,722 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 37,173 TOTAL FUNDS 37,173 A current year 12 months and prior year 12 months combined position is as follows: At 1.11.19 £ Unrestricted funds General fund 41,722 Restricted funds Grant for building 100,000 TOTAL FUNDS 141,722 |
Net movement At in funds 31.10.20 £ £ 22,936 64,658 - 100,000 22,936 164,658 Resources Movement expended in funds £ £ (14,237) 22,936 (14,237) 22,936 Net movement At in funds 31.10.21 £ £ 31,574 73,296 - 100,000 31,574 173,296 |
|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds | Incoming Resources resources expended £ £ |
Movement in funds £ |
|---|---|---|
| General fund | 56,264 (24,690) |
31,574 |
| TOTAL FUNDS | 56,264 (24,690) |
31,574 |
continued...
Page 8
Timperley Amateur Boxing Club
Notes to the Financial Statements - continued for the Year Ended 31 October 2021
7. RELATED PARTY DISCLOSURES
Mrs C J Gilley, a trustee of the charity, was owed £27,118 at the year end (2020 - £27,118). This is an interest free loan to the charity with no fixed repayment date.
Page 9
Timperley Amateur Boxing Club
Detailed Statement of Financial Activities for the Year Ended 31 October 2021
| Detailed Statement of Financial Activities for the Year Ended 31 October 2021 |
||
|---|---|---|
| 31.10.21 | 31.10.20 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Club donations | 12,191 | 28,643 |
| Subscriptions | 2,180 | 4,450 |
| THT Holiday hunger project | 4,720 | 4,000 |
| Sponsorship | - | 80 |
| 19,091 | 37,173 | |
| Total incoming resources | 19,091 | 37,173 |
| EXPENDITURE | ||
| Support costs | ||
| Other | ||
| Event costs | - | 173 |
| Insurance | 431 | 379 |
| Telephone | 339 | 280 |
| Advertising | - | 30 |
| Computer expenses | - | 92 |
| Training | 368 | 346 |
| Repairs | - | 342 |
| Equipment | 2,115 | 607 |
| Minibus expenses | 1,637 | 745 |
| THT Holiday hunger project | 2,217 | 4,810 |
| Rent | 480 | 480 |
| Website | 306 | 233 |
| Fit & Fed costs | 2,560 | 5,120 |
| Support fees | - | 600 |
| 10,453 | 14,237 | |
| Total resources expended | 10,453 | 14,237 |
| Net income | 8,638 | 22,936 |
This page does not form part of the statutory financial statements
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