**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:
1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. 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
Page 10