2023-06-18-accounts - Houghton Boxing Club

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.jIIA'JI Houghton boxing club ANNUAL REPORT 2022-23

Houghton Boxing Squad

INTRODUCTION

Houghton Boxing Club has witnessed remarkable achievements and significant progress. We are delighted to share our annual report, highlighting the exceptional talent and dedication of our members and the positive impact we've had on the community.

Situated to the Southwest of the City of Sunderland, Houghton le Spring grapples with limited offerings for its youth. The absence of substantial opportunities has hindered the town's access to vital financial support for its young residents. Houghton Boxing Club emerges as a beacon of change in response.

Once a thriving mining community until the 1980s, the area's prosperity waned with the closure of the pit, leading to declining employment. Subsequently, the town faced challenges of deprivation, unemployment, restricted prospects, youth unrest, and health issues. Recognising the imperative for local engagement, concerned citizens rallied to provide essential outlets, redirecting both young individuals and adults from negative behaviours toward constructive pursuits.

At the heart of this effort lies the empowerment of our youth, fostering camaraderie, healthy habits, self-esteem, and under the guidance of dedicated volunteer coaches, instilling optimistic perspectives and wise lifestyle choices. Houghton Boxing Club have had a dream to one day have our own premises where we can offer a safe,

friendly and welcoming environment to the community of Houghton Le Spring and the surrounding area. After renting numerous locations and constantly trying to raise funds we have secured, bought and moved into our new home, situated in the heart of the Town Centre in a building that was formally an old cinema and more recently a snooker Club. The hard work continues to develop the facilities and make it one of the best facilities in the area, we are excited and determined. We would like to thank everyone who has contributed since our inception to helping us find our home.

Mission and vision

Building on the success of the past year, Houghton Boxing Club remains steadfast in our commitment to growth and excellence. Since our foundation in 2009, our vision has been to become one of the premier boxing clubs in the region.

As we move forward, we remain dedicated to fostering a positive and inclusive environment, where every member feels encouraged and motivated to reach their full potential. Our aim is to create a club that not only excels in boxing but also makes a meaningful impact on the lives of our boxers and the wider community.

With the continuous support of our coaches, volunteers, parents, and the community, we are confident in our ability to realise these goals and make a lasting difference. Together, we will strive to achieve new heights and set a shining example for the sport of boxing in our region.

Achievements

This past year we have held two very successful home shows at the Rainton Meadow Arena, where our boxers were able to showcase their skills to their friends and family.

During the year, we proudly celebrated the outstanding success of Kevin Richardson, who became the national male junior champion. Kevin's exceptional talent and hard work led him to represent England in the recent European Championships held in Romania, further showcasing the excellence of Houghton Boxing Club. In addition to Kevin's achievement, we had the privilege of having two female finalists in prominent competitions.

Congratulations to all our dedicated boxers who have represented Houghton Boxing Club with incredible enthusiasm and determination. Throughout the year, they have travelled far and wide, showcasing their talent and passion for the sport.

We are especially proud to extend our warmest congratulations to Olivia Richardson for her outstanding achievement at the Hull Box Cup and Joe Foster for winning a gold medal at The Angel of the North Box Cup. Their victories are testament to their hard work and the support they receive from our club.

We remain committed to nurturing and supporting our boxers, providing them with the best opportunities to excel in their boxing journey.

Kevin Richardson after his recent European bout and proudly displaying his National Junior Belt

Olivia Richardson winner at the Hull Box Cup

Joe Foster and Logan Vernon with their medals at the Angel Box Cup

Finances

Our accounts are available to view on the Charity Commission website

Acknowledgments

We extend our heartfelt gratitude to all the coaches, volunteers, parents, and the entire community for their unwavering support towards Houghton Boxing Club. Your dedication and involvement have been instrumental in shaping the success and positive impact of our club.

Our coaches, with their expertise and passion, have played a crucial role in nurturing the talent and potential of our boxers, guiding them to achieve their best. Your selfless commitment to our athletes is truly commendable.

To our volunteers, we are immensely grateful for your time, effort, and willingness to contribute to our various initiatives and events. Your invaluable assistance helps us create a vibrant and supportive boxing community.

The support of parents has been a driving force behind the growth of our young athletes. Your encouragement, love, and belief in their abilities motivate them to

excel both inside and outside the ring.

Lastly, we want to thank the wider community for embracing and supporting Houghton Boxing Club. Your backing and involvement strengthen our mission to promote boxing as a sport that fosters discipline, camaraderie, and personal growth.

Together, we have achieved great milestones, and we look forward to continuing this journey, making a positive difference in the lives of our boxers and the community as a whole. Thank you all for being an integral part of the Houghton Boxing Club family. Your support is truly cherished and appreciated.

Conclusion

Houghton Boxing Club continue to improve and after a difficult few years due to Covid 19 we are all focussed on improving the facilities to increase membership and community involvement. Hopefully we will have significant funding secured to carry out the necessary repairs and have the work completed ready for the start of the 2023 season.

Houghton Amateur Boxing Club Charity Number: 1177929 Financial Accounts for the Year ending 30th June 2023 Statement of Financial Activity Balance Sheet - Notes to the Accounts 1. Income frDm Donations and Legacies 2. Income fmm Charitable Activities 3. Expenditure frDm Char7table Activities 4. Other Expenditure 5. Tangible Fixed Assets 6. Crpditor5 ." due within one year 7. Long Tenn abIlItieS 8. Funds of the Char7ty

Houghton Amateur Boxing Club Charity Number 1177929 Statement of Financial Activity Year Ending 30th June 2023 Current Current Current Prlor year year Unrestrlcted Restrlcted Total fundg funds funds Total funds Income & Expenditurn from: Donations & Legacles Charitable Activities 15.296 15.296 7,793 28,600 2,000 26,654 Total Income 43,896 45,896 34,453 Charitable Activtties 7,507 7.507 19.532 39,135 39.135 15,723 Total Expenditure 46,642 46,642 35,255 Net Income (2,746) 2.000 (746) Transfer between fwKIs Net Income befo other gains and losses (2,746) 2,000 (746) (8cr2) Other gains and losses 50,000 50,000 Net movement in funds (2.746) 52,000 49254 (8(r2) Reconciliation of funds Total funds brought forward 11.361 48,201 59.562 60,364 Total funds carried forward 8.615 100,201 108.816 59,562 •AIII IA Financial po&tion verified ty. - Signed: Print Name: KEVIN ENRIGFrr Date: 28th July 2023

Houghton Amateur Boxing Club Charity Number. 1177929 Balance Sheet as at 30th June 2023 2023 2022 Flxed Assets Buildings 129,513 81,220 Equipment 1,521 2.029 Motor Vehicles 10,767 141.801 83249 Cash at Bank in hand 23,029 37,460 23,029 37,460 Current Liabifrties Credttors: amounts falling due within one year Net Current Assets (5.133) (5,133) 17,896 32.327 Long Terni Liabilities (50,881) (56,014) Total Net Assets 108,816 59.562 Total funds of the charlty Restiicted funds 100.201 48201 Unresthcted funds General funds 8,615 11,361 Total Funds 108.816 59,562 IiE. in Flnancial position by. . Signed: Print Na. EVIN ENRIGFrr Date: 28th July 2023

Houghton Amateur Boxing Club Charity Number. 1177929 Notes to the Accounts for year ending 30th June 2023 1. Incom• from DcKtl and Legacies Current year Current year Current year Total Previous year Total Grants/Donatlons 15296 2,000 17.296 7.799 15296 17296 7.799 I Income from Charitsble Actlvlties Current year Current year Current yew Previous year Total Total Suwshow 28,600 28.600 26.fJ54 Current year RestrScted Totsl Boxlng Club Activities 7.507 7.507 19.532 7.507 707 1932 Current y&7r CwTpnt year Current yew PrevIS year Total Totsl Motor and Trdvel Costs 10.036 10,036 426 13.762 13,762 General Admln C(ts 7,722 7,722 6,533 and Professional Costs 7.615 7,615 3.079 39,135 39.135 15,723

Houghton Amateur Boxing Club Charity Number 1177929 Notes to the Accounts for year ending 30th June 2023 5. Tangible Fed Assets Bulldings Equipment Vehicles Cost or Valuation At Cost At Cost At Cost At 1 st July 2022 7.327 8.509 102486 Additions 50.000 13.600 Disposals At 30th June 2023 136.6S) 7,327 211C 166.086 At 1st July 2022 5.430 19338 Charge for the y&ar 1,707 507 5.047 Disposals At 30th June 2023 7.137 11a42 24285 Net Book Value At 30th June 2022 81,220 2.028 83248 At 30th June 2023 129.513 1.521 10.767 141.801 6. Creditorg . due within one y&ar Currerrt year Previous yo Totsl 5.133 5.133 5,133 5,133 7. L(g Term Uabilitles Current year Previ(3 ypar Total Totsl 50.881 56.014 .881 58.014

Houghton Amateur Boxing Club Charity Number. 11 T7929 Notes to the Accounts for year ending 30th June 2023 8. Funds of the Charity Unrestricted Fun(ts Total Funds Funds Funds at 30th June 2022 11,361 48,201 59,562 Net Change from Income/ Expenditure (2,746) (2,746) Restricted Funds (rK)t yet utilised) Restricted Funds (utilised in year) 2,000 2,000 50.000 50,000 At 30th June 2023 8,615 1 CA),201 lo816