2023-03-31-accounts - Supreme Boxing Club

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Contents
	Page
Company Information	1
Director's Report	2
Accountant's Report	3
Income and Expenditure Account	4
Balance Sheet	5
Notes to the Financial Statements	6—7
The following pages do not form part of the statutory accounts:
Detailed Income and Expenditure Account	8

Director	Mr Farshid Ostowar
Company Number	12513002
Registered Office	Unit 6-8 Leaside Industrial Estate
	78 Stockingswater Lane
	Enfield
	EN3 7RL
Business	Unit 6-8 Leaside Industrial Estate
	78 Stockingswater Lane
	Enfield
	EN3 7RL
Accountants	DGMYAccountancy Limited
	554 Hertford Road
	Enfield
	EN3 5ST

		2023	2022
	Notes
TURNOVER		134,529	89,289
Cost of sales		(5,269)	(16,442)
GROSS SURPLUS		129,260	72,847
Administrative expenses		(94,707)	(83,266)
Other operating income			14,000
OPERATING SURPLUS		34,553	3,581
Interest payable and similar charges			(663)
SURPLUS FOR THE FINANCIAL YEAR		34,553	2,918

			2023		2022
		Notes
FIXED ASSETS
Tangible Assets		4		23,542		9,860
				23,542		9,860
CURRENT ASSETS
Stocks		5			8,727
Cash at bank and in hand			26,181		20,968
			26,181		29,695
Creditors: Amounts One Year	Falling Due Within	6	(14,099)		(23,484)
NET CURRENTASSETS (LIABILITIES)				12,082		6,211
TOTAL ASSETS LESS LIABILITIES	CURRENT			35,624		16,071
Creditors: Amounts More Than One Year	Falling Due After	7				(15,000)
NET ASSETS				35,624		1,071
Income and Expenditure Account				35,624		1,071
MEMBERS'FUNDS				35,624		1,071

5. Stocks
	2023	2022
Stock		8,727
		8,727
6. Creditors: Amounts Falling Due Within One Year
	2023	2022
Trade creditors	1,879
Bank loans and overdrafts	12,220
Accruals and deferred income		15,484
Director's loan account		8,000
	14,099	23,484
7. Creditors: Amounts Falling Due After More Than One Year
	2023	2022
Bank loans		15,000
		15,000

		2023		2022
TURNOVER
Sales			134,529		89,289
COST OF SALES
Purchases		5,269		16,442
			(5,269)		(16,442)
GROSS SURPLUS			129,260		72,847
Administrative Expenses
Wages and salaries				14,500
Travel and subsistence expenses		18,587		5,794
Rent		37,384		40,746
Light and heat		2,933		4,380
Repairs and maintenance				10,436
Cleaning				1,290
Computer software, consumables and	maintenance	84
Repairs, renewals and maintenance		2,109
Insurance		857
Printing, postage and stationery		246
Advertising and marketing costs				297
Telecommunications and data costs		652
Professional fees		2,364
Professional subscriptions				5,058
payroll fees		28,257
Political donations		50
Other office costs		1,042
Depreciation				765
Sundry expenses		I
			(94,707)		(83,266)
Other Operating Income
Grants and subsidies received				14,000
					14,000
OPERATING SURPLUS			34,553		3,581
Interest payable and similar charges
Bank interest payable				663
					(663)
SURPLUS FOR THE FINANCIAL YEAR			34,553		2,918

Objectives and Activit	ies
	SORP reference
Of the purposes Of	Para I. 17	The promotion ofcommunity participation in
the charity as set out in its		healthy recreation in particular by, the provision
governing document		of facilities for boxing
Summary of the main activities in relation to those	Para 1.17 and 1.19	Full contact sports, classes available from 3 upwards. Boxing, Kickboxing, Brazilian. Ju jitsu,
purposes for the public		WrestlingMMA, Self-defence, Socialising
benefit, in particular, the		Memberships, stock/fightwear, overheads,
activities, projects or services identified in the accounts.		grants for sustainability of the club after lockdown. Member visit and participation to full
		contact competitions.
Statement confirming	Para 1.18	Enabling members to keep training in a safe
whether the trustees have		environment during post COVID, whilst slowly
had regard to the guidance issued by the Charity		getting back to and building upthe pre-COVID customer base, and club routine.
Commission on public
benefit

Achievements and Pe	rformance
	SORP reference
		Workingon and encourage good relations,
		between local fitness centres and police, to
		promote an environment and sense of
Summary of the main achievements of the charity,	Para 1.20	community that's safe and cohesive. Teaches effective confidence, control, and discipline, in
identifying the difference the		adverse situations people encounter throughout
charity's work has made to the circumstances of its beneficiariesand any wider benefits to society as a whole.		life. Also, encouraging women to partake, in a male dominated sport, providing ladies only classes, and a sense ofcommunity in the adult classes via, friendly and safe progression at your
		own pace.

Achievements against	Para 1.41
objectives set
Performance of fundraising activities against objectives	Para 1.41
set
Investment performance	Para 1.41
against objectives
Other

Financial Review
Review of the charity's	Para 1.21	SurplusE34.5k at the end of the financial
financial position at the end ofthe eriod		year.
Statement explaining the	Para 1.22	Reserves within the accounts are for the use of
policy for holding reserves		the clubonly. Consistsofthe assets and net
stating why they are held		profit.
Amount of reserves held	Para 1.22
Reasons for holding zero	Para 1.22	Loans E12,219.84. Repayments as agreed
reserves		terms
Details offund materially in	Para 1.24
deficit
Explanation of any	Para 1.23	No uncertainties at the time.
uncertainties about the
charity continuing as a going
concern

Description of charity's
trusts:
Type of governingdocument	Para 1.25	Articles ofAssociation
(trust deed. ro al charter)
How is the charity	Para 1.25	Comnnunity Interest Company Limited
constituted?
(e.g unincorporated
association. CIO)
Trustee selection methods	Para 1.25	Officers will be elected annually atthe Annual
including details of any		General Meeting. All officers will retire each year
constitutional provisions e.g.		but will be eligible for re-appointment. The club
election to post or name of		will be managed through the Management
any person or body entitled		Committee consisting of; CHAIR AND TRUSTEES.
to appoint one or more		Only these postswill have the right to vote at
trustees		meetings of the Management Committee

Charit name		Supreme Boxing Club
Other name the chari uses
Re istered charit	number	1177481
Charity's principal	address	Unit 8, Leaside industrial Estate Stockingswater Lane Enfield El\3
		7RL

Funds held as custodian trustees on behalf of others	Funds held as custodian trustees on behalf of others
Description of the assets	N/A
held in this capacity
Name and objects of the	N/A
charity on whose behalf the
assets are held and how this
falls within the custodian
charity's objects
Details of arrangements for	N/A
safe custody and
segregation of such assets
from the charity's own assets