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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|
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|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|
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|||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|
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||||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|
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|.
Ta|ngible Assets||
|---|---|---|
|||Plant &|
|||Machinery|
|Cost|||
|As at|1 April 2022|9,860|
|Additions||13,682|
|As at|31 March 2023|23,542|
|Net Book Value|||
|As at|31 March 2023|23,542|
|As at|1 April 2022|9,860|
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|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|
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|||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|
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|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|||
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|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.|
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|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||
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|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|||
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|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|
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|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||
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