-Ii*i'J
Houghton Boxing Club
ANNUAL REPORT 2023-24

## 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 all our boxers who have represented Houghton Boxing Club. Special mention goes to the following boxers for their achievements throughout the Year; 

Kevin Richardson became the TTW regional champion and represented England where he won on his international debut against the Republic of Ireland. 



Zoe McDonald won the gold medal at the Winter Bos Cup and went on to win the TTW development belt which she won on the home show. 




Daniel Dodds was also a TTW development belt winner and Jackson Laverick was a beaten finalist in the Youth Development finals 



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. 

Their victories are testament to their hard work and the support they receive from our club and their coaches, families and supporters. We remain committed to nurturing and supporting our boxers, providing them with the best opportunities to excel in their boxing journey. 

## 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.  The Gym is on its way to being  the venue the  Town deserve,  soon  to  be  complemented  by  adding  the  facilities  to  support  local businesses. 



Charity registialion number 1177929
HOUGHTON BOXING CLUB
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 18 JUNE 2024

HOUGHTON BOXING CLUB
LEGAL AND ADMINISTRATIVE INFORMATION
Twstees
J Lynn
K Allen
J Emmerson
Charity number
1177929
Principal address
Houghton Boxing Club
5 Mount Pleasant
Houghlon le Spring
DH5 8AQ
Independent examiner
Clover Accounting
4 The Pastures
Coulby Newham
TS8 OUJ

HOUGHTON BOXING CLUB
CONTENTS
Page
Independent examlner's reporl
Statement of financial activities
Balance sheet
Notes lo the financial slalernents
5-10

HOUGHTON BOXING CLUB
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF HOUGHTON BOXING CLUB
I report to the trustees on my examination of the financial s12tement5 of Houghton Boxing Club Ilhe charilyl for the
year ended 18 June 2024.
Responsibilities and basis of report
As the truslees of the charity you are responsible for the pleparation ol the financial statements in accordance with
the requirements of the Charities Act 2011 (the 2011 Act).
I repDrt in respect ol my examination of the Gharity's linan¢i81 statements carried out under section 145 01 the 2011 Act.
In carrying out my examination I have followed all Ihe applicable Directions given by the Charity Gommission under
section 14515llbl ol the 2011 Act.
Independent ex8rniller'8 statemenl
Your attention is drawn to the fact that the charity has prepared financial staternents in a￿OrdanCe with Accounting
and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in
the UK Republic of Ireland IFRS 1021 in preference lo the AccoLJnting and Reporting by Charities". Slatemeni ol
ReGotnmended Practice issued on l April 2005 which Is referred to in the extsnt regulations but has now been
withdrawn.
l understand that this has been done in order for Iin8ncial statements to provide 8 true and fair view in accordance
with Generally Accepted Accounting Practice effedive lor reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no matleis have come to my attention in connedion with the
examination giving me cause to believe that In any material respect..
accounting records were not kept In respect ol the Gharily as required by section 130 of the 2011 Act., or
the financial statements do not accord with those records., or
the financial statements do not comply with the applicable ieqLJiremenls ¢oncerning the form and content ol
ccounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requiremerit that the
accounts give a true and fair view which is not a matter considered as part of an Independent exatnination.
I have no con¢erns and have come across no other matters in connection with the exarnination to which attefFts"on
should be drawn in this report In order to enable g proper understanding of the financial stat8mènts to be reached.
Kathryn Haffield FCCA
Clover AccoLSnling
4 The Pastures
Coulby Newham
TS8 OUJ

HOUGHTON BOXING CLUB
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 18 JUNE 2024
Current financial year
Unrestricted Restricted
fvnds
funds
2024
2024
Total
Total
2024
2023
Notes
In
me and endowrnenl from..
Donations and ￿g3cleS
Charitable activities
Other income
24,391
17,409
90.800
115,191
17.409
57,296
28.600
Total income
41,800
90,800
132,600
95.896
enditure on..
Charitabk activities
46,724
1,870
48,594
46,642
Net movement in funds
14.9241
88.930
81,356
49,254
Fund baLgnces at 19 Jun8 2023
8,615
100,201
108.816
59.562
Fund bapances at 18 June 2024
3,691
189,131
192,822
108.816
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.

HOUGHTON BOXING CLUB
STATEMENT OF FINANCIAL ACTIVITIES ICONTINUEDI
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 18 JUNE 2024
Prior financial year
Unrestiicted Restricted
funds
funds
2023
2023
Totrl
2023
Notes
Inc
and endowment Ir
DO￿allOnS and legaGie5
Charilable 8Llivities
Other income
17,296
26,600
50,000
2.000
57.296
28.600
Total
43,896
52,000
95.896
enditure on..
cha￿table activities
46,642
46,642
Net movement In fijnds
12.7461
52,000
49.254
Fund balances at 19 Jun8 2022
11,361
48,201
59,562
Fund balances at 18 June 2023
8.615
100,201
108,816

HOUGHTON BOXING CLUB
BALANCE SHEET
AS AT 18 JUNE 2024
2024
2023
Notes
Fixèd assets
Tangible èssets
220,024
141,801
220.024
f41.801
Current ass81s
Stocks
Debtois
Cash al bank and in hand
10
3,750
18,799
23,029
22,$49
23.029
Credilo¥s.' amounts falling due within
one year
16,2331
15.1331
Net current assels
16.316
17,896
Creditors.. amounts falling due more than
one year
12
143,5181
150,8811
Total assets less current liabilities
192,822
108,816
Income funds
Restricted funds
Unrestricted funds
Designated funds
General unrestricted funds
13
189,131
100,201
eneral
3,691
11,361
3,691
11,361
192,822
108,816
The fin8ncJo1 statemenis were approved by the Truslees on
/G /,./££r
J Em￿erS
Chèlr

HOUGHTON BOXING CLUB
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 18 JUNE 2024
Accounting policies
Charity inform3tK)n
Houghton Boxing Club is an unincorporated charity, registered charity number 1177929.
1.1 Accounting convention
The financial ststements have beefj prepared in accordance with the charity's governing document. t he
Charities AGI 2011, FRS 102 "The Financial Reporting Stalldard applicable in the UK and Republic ol Ireland"
I'FRS 102,1 and the Charities SORP 'Accounling and Reporting by Charities.. Statement of Recommended
Praclice applicable lo charilies preparing their accoun15 in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 1021" leffeclive 1 January 20191. The charity is a Public
Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities not to p￿pare a Statement of
Cash Fkiws.
The financial slatements are prepared in slerfing. which is the functional currency of the charity. Monetary
mounts in these financial slaternenls are rounded lo the nearest £.
The financial statements have been prepared under the histoncal cost convention. modilied to include the
revaluztion of freehold properties an¢J to include investment properties and certain financial instruments at lair
value. The principal 8ccounling PDlicie5 adopled are Set out below.
1.2 Going concem
At the time of approving the financial slalemenls, the Irustees have a reasonable expectation that the charity
has adequate resources to wntinue in tsperational Èxislen¢e for the foreseeable future. Thus. the Iruslees
continue lo adopt the going conTrTn basis of accounting in preparing the financial stslements.
1.3 Charitable lunds
Unreslricted funds are aVaila￿e l(Trr use at the discretion ol the trustees in ltsrtherance ol their charitable
bjectives.
Reslricled funds are subject to specific conditions by donor5 as to how they may be used. The purposes and
uses of the restricted fund5 a￿ set out in the notes lo the financial staternents.
1.4 Income
Income is recognised when the charity Is legally entitled to it after any performance ujndilii)ns have been met,
the amounts can be measured reliably, 8nd it is probable thal income will be received.
Cash donations are recognised on receipt. Other donations are rewgnised On￿ the charity has been notified of
the donation. unless performance wnditions require deferral ol the amount. Income lax rtcoverable in
relation to donations re￿iVed under GiftAid or deeds c>f covenaDI Is recognised 81 the lime ol the donab'on.

HOUGHTON BOXING CLUB
NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI
FOR THE YEAR ENDED 18 JUNE 2024
Accounting policies
(Continued)
1.5 Expenditure
Expendilure 15 recognised once there Is a legal or constructive obligalion to transfer economic benefit to a
third paty, il is probable th81 a transfer of economic benefits will be reqLJired in settlement, and the amount of
th8 obligation can be measured reliably.
Expenditure Is classified by activity. The costs ol each aclivity are made up of the lolal of direct costs and
shared costs, including support costs involved in undertaking each activity. Direct costs attributable lo a single
activity are allocated directly lo that activity. Shared costs which contribute lo more than one activity and
support costs which are not attributable lo a single activity are apportioned between those activities on a basis
consistant with the use of resources. Central staff costs are allocated on the basis ol time spent. and
depreciation oharges are allocated on the portion of the asset's use.
1.6 Tangible fixed assets
Tangible fixed assets are initially fneasured al c05t and subsequently rneBsured at cost or valuation, nét ol
depreciation and any irnpairmenl losses.
Depreclalion is recognised so 8S to write off the Gost or valuation of assets less their residual values over their
useful lives on the following bases..
Freehokj kand and buildings
EqLJipment
Motor vehicles
5.10 Straight line
25% reduGing balance
25% reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference be￿een the sak prO￿edS
and the carrying value of the asset, and is recognised in the stalemenl ol financial artivities.
1.7 Impaiment of fixed assets
At each reporting end date, the charity reviews the tarrying amounts 01 its tangible assets to determine
whether there is any indication that those assets have suffered an impairment I￿s. If any such indication
exi51S, the recoverable amOLsnl of the asset 15 eslimaled in order to determine the extent ol the irnpairment
loss lil any).
1.8 Stocks
stocks are staled at tho lower of cost and estimated selltng price less costs to complete and sell. Cost
comprises direct maleiials and, where applicable, direct labour costs and those overheads that have been
ncurred in bnnging the stocks to their piesent location and condition. Items held lor distribution at no or
nominal consideration are measured the lower ol replacernent cost and cost.
1.9 Cash and cash eqLJivalenls
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid
investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown
within borrowings in current liabilities.

HOUGHTON BOXING CLUB
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 18 JUNE 2024
Donations and legacies
Unreslricled Restr￿cted
funds
funds
general
2024
Total Unrestricted
funds
general
2023
Restricted
funds
Total
2024
2024
2023
2023
Don3tion5 and gifts
Grants
14,391
10,000
14.391
100.800
15,296
15,296
52,000
90.800
52.000
24,391
90,800
115,191
15,296
52.000
57.296
Charilable ath"vilies
Other
trading
Other
trading
activities
2023
2024
Subscription5
Shows
8.034
9.375
13,198
15,402
17,409
28,600
Anatysis by fund
Unrestricted funds- general
Restricted funds
17,409
28,600
17,409
28,600

HOUGHTON BOXING CLUB
NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI
FOR THE YEAR ENDED 18 JUNE 2024
Charitable activities
2024
2023
Boxing Club activities
3,416
7,507
3.416
7.507
Share of support costs Isee nol8 51
Share of governance costs Isee note 51
44,178
1.000
38,435
700
48,594
46,642
Analysis by fund
Unrestricted funds- general
Restricted fun(Ss
46,724
1,870
46,642
48.594
46.642
Support costs
Support Governan
costs
costs
2024 Support
sts
Govemance
costs
2023
Premises costs
Rates
Light & heat
hholor & travel
General admin costs
Insurance
Bank charges
Depreciation
Professional lees
8.403
3.595
4.517
4,564
3,321
994
391
14,543
3,850
8,403
3,595
4,517
4,564
3,321
994
391
14,543
4,850
13,762
13.762
10,036
2,675
10,036
2,675
5,047
6,915
5,047
7,615
1.000
700
44,178
1,000
45,178
38,435
700
39,135
Analysed behveen
Charitable activities
44,178
1.000
45.178
38.4
7Th)
39,135
Govemance costs Includes payments for the Independent examinabon of £1,00012023.. £7001.

HOUGHTON BOXING CLUB
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 18 JUNE 2024
Trustee5
None ol the trustees lor any person5 connected with them) received any remuneration or benefits from the
charity during the year.
Taxation
The charity is exempt from tax on income and 9ains falling within section 505 of the Taxes Act 1988 or sèction
252 01 the Taxation of Chargeable Gains Act 1992 to the extent that these are applied lo its charitable objects.
Tangible fixed assets
Leasehol
Dd and
buiklings
Equiprnenl
Motor
vehicle
Total
Cost
At 19 June 2023
Additions
136.650
92.766
7,327
22,109
1fj6.086
92,766
At 18 June 2024
229.416
7,327
22.109
258,852
Depreciation snd impairment
At 19 June 2023
Depreciation charged in the year
7.137
11.471
5.806
380
11.342
2.692
24.285
14,543
At 18 June 2024
18.608
6,186
14,034
38,828
Carrying amount
At 18 June 2024
210,808
1,141
8,075
220,024
At 18 Jun8 2023
12g,513
1.521
10.767
141,801
Stocks
2024
2023
sto¢k
10 Debt¢rs
2024
2023
Arrounts falling due within one year..
Other debtors
Prepayments and accrLJed income
3,750
3,750

HOUGHTON BOXING CLUB
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 18 JUNE 2024
11 Creditors.. amounts falling due wlhin one year
2024
2023
Loan
AccnJals
5.133
1,100
5,133
6,233
5,133
12 Creditors.. amount5 falling due t[￿￿ Ihan one year
2024
2023
Loan
Accruals
43,518
50.881
43,518
50.881
13 Restricted funds
The income funds of the chanty include restricted funds Gomprising the following unexpended balances of
Dnations and grants held on trust lor specific purposes..
Movement in funds
Incorrnng
Resources
ie50urreS
exppnded
Brought
loNard
Tran$fers I
gain5
Catried
fO￿ard
Community fund
Property funds
8,800
82,000
11,8701
6,930
182,201
100,201
100,201
90.800
11,8701
189,131
14
Analysis ol nel asseis between funds
Unrestricted Restricted
funds
funds
Total Unrestricted Restricted
funds
funds
Total
2024
2024
2024
2023
2023
2023
Fund balances are
p￿sented by..
TarKJible assets
Current assetsllliabilitiesl
Long term Iiabililies
9.216
15.5251
210.808
220.024
21.841
16.316
143,5181 143.5181
12.288
13,6731
129,513
21,569
150,8811
141.801
17,896
150,8811
3,691
189,131
192.822
8,615
1CK).201
108,816
15 R81ated party transactions
There were no disclosable related party transactions during the year12023 - none).
10-

Charity registration nufflber 1177929
HOUGHTON BOXING CLUB
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 18 JUNE 2024

HOUGHTON BOXING CLUB
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
J Lynn
K Allen
J Ernm8rson
Charity nutnber
1177929
Principal address
Houghlon Boxing Club
S Mount Pleasant
Houghton le Spring
DH5 8AQ
Independent examiner
Clover Accounting
4 The Pastures
Coulby Newham
TS8 OUJ

HOUGHTON BOXING CLUB
CONTENTS
Page
Independent examiner's report
Statement ol Iinancial activities
Balance sheet
Notes to the linanck81 statements
5-10

HOUGHTON BOXING CLUB
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF HOUGHTON BOXING CLUB
I report to the trustees tsn my examination of the financial statements of Houghton 8oxing Club Ilhe charity) lor th8
year ended 18 June 2024.
Responsibilities and basis of report
As the trustees of the charity you are responsible for Ihe preparation of the financial Statements in accordance with
the requirements ol the Charits"es Act 2011 (the 2011 Acti.
I report in respect of my examination ol the charity's financial statements carried out under section 145 of the 2011 Act.
In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under
sèction 14515llbl ol the 2011 Act.
Independent examiners statement
Your attenlion is drawn to the fact that the charity has prepared financial staterllents in accordance with A￿oUntIng
and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in
the UK and Republic of Ireland IFRS 1021 in preference to the Accounting and Reporting by Charilie5." Slatemenl of
Recommended Practice issued on 1 April 2005 which is ieferred to in the extant regulations but has now been
withdrawn.
l understand that this has been done in order for financial stslemer)ts to provide a true and fair view in accordance
with Generally Accepted Accounting Practice effectwe lor reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no matters h8ve come to my atlenb.on in conneC1￿n with the
examination giving me cause to believe that in any material ￿SpeCt..
accounting records were not kept in respect of the charity as required by section 130 01 the 2011 Act,. or
the financial statements do not accord with those re¢ords', or
the financial statements do not comply with the applicable requirements conceming the form anct 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 a5 Part of an independent examination.
I have no concems and have Gome across no other matters in connection with the examination lo which attention
should be drawn in this report in order to enable a proper understanding of the financial statements to be re8ched.
Kathryn Haffield FCCA
Clover Accounting
4 The PaslLJres
Coulby Newharn
TS8 OUJ
Dated..

HOUGHTON BOXING CLUB
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 18 JUNE 2024
Current financial year
Unrestricted Restricted
funds
funds
2024
2024
Total
Total
2024
2023
Notes
Income and endowments from..
Donations and legacies
charILab￿ activilies
Other income
24,391
17,409
90.800
115,191
17,409
57.296
28,600
Total income
41,800
90,800
132,600
95,896
Ex
enditure on..
Charitable activib-es
46,724
1,870
48,594
46,642
Net movement In funds
14,9241
88.930
81.356
49,254
Fund balances al 19 June 2023
8.615
100.201
108,816
59,562
Fund balances at 18 June 2024
3,691
189,131
192.822
108,816
Thè slatement ol financial activities inclixles all gains and losses recogni5od in the year.
All incDme and expenditure derive from continuing activities.

HOUGHTON BOXING CLUB
STATEMENT OF FINANCIAL ACTIVITIES ICONTINUEDI
INCLUDING INCOME AND EXPENDITUREACCOUNT
FOR THE YEAR ENDED 18 JUNE 2024
Prior financi81 year
Unrestricted Reslrict8d
funds
funds
2023
2023
Total
2023
Notes
Income and endowment from..
Donations and legaoies
Charitable activities
Other income
17,2
26,600
50,000
2.000
57,296
28.600
Total incotlle
43.896
52,000
95.896
Ex
enditure on..
Charitable activities
46,642
46,642
Nel movement in funds
(2,7461
52,000
49.254
Fund balances at 19 June 2022
11,361
48,201
59.562
Fund balances at 18 June 2023
8,615
100,201
108,816

HOUGHTON BOXING CLUB
BALANCE SHEET
AS AT 18 JUNE 2024
2024
2023
Notes
Fixed assets
Tangible assets
220,024
141,801
220,024
141.801
Cuirenl assets
Stocks
Deblors
Cash at bank and in hand
10
3,750
18,799
23,029
22,549
23,029
Creditors.. amounts falling due within
one year
16,2331
15.1331
Net current assets
16,316
17,896
Creditors.. amounts falling due more than
one year
12
143.518
150.8811
Total assets less ¢urrent liabilities
192,822
108,816
Income funds
Restricted funds
Unrestricted funds
De51gnaled funds
General unrestricted funds
13
189,131
100,201
ener81
3,691
11,361
3,691
11,361
192.822
108,816
The finanaal statements were approved by the Trustees on
IG /,./£(r
J Emrner50n
Ckoir

HOUGHTON BOXING CLUB
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 18 JUNE 2024
Accounting policies
Charity information
Houghion Boxing Club is an unin¢x>rporated charity, registered charity number 1177929.
1.1 Accounting convenb.on
The financial statements have been prepared In accordan￿ with the charity's governing document. I h e
Charities Act 2011. FRS 102"The Financial Reporting Standard applicable in the UK and Republic of lTrlènd"
I'FRS 102,1 and the Charities SORP "Accounting and Reporting by Charities." Statement ol Recomrnended
Practice applicable to charities preparing their accounts in accordance with the Finanoal Reporting Standard
applicable in the UK and Republic of Ireland IFRS 1021. leffeclive 1 January 20191. The chanly is a Public
Benefit Entity as defined by FRS 102.
The charity has tsken advantage of the provisions sn the SORP lor chariti8s not lo prepare a Slaterwnt of
Cash Flows.
The financial statements are prepared in sterling. which is the functional currency of the charity. Monetary
amounts in these financial statements aré rc>unded to the nearest £.
The financial statements have been prepared undei the historical cost convenlion. modih'ed to include the
revaluation of freehold properties and to include investment properiies and certain financial instruments at lair
valLJe. The principal accounting polic￿5 adopted are set out below.
1.2 Going concem
At the lime of approving the financial slalements, the trustees have a reasonable expectation that the charity
has adequate resources to continue operational existence for the foreseeable future. Thus, the trustees
continue lo adopt the going concern basis of accounting In preparing the financial statements.
1.3 Gharitable funds
Unrestricted funds are available for use at the discretion ol the trustees in furtherance of their charitable
objectives.
Restricted funds ale subject to specific conditions by donors as lo how they may be used. The purposes and
Uses tsf the restricted funds are set out in the notes to the financial slatemenls.
1.4 Income
Income is r8cognised when the charity is legèlly entitled to it after any performance conditions have been met,
the amount5 can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donatK)ns are re¢ognised onc@ the charity has been notified of
Ihe donation, unless perfomance conditions requirè deferral of the amount. Income tax recoverable in
reL4tion to donations received under Gift Aid Of deeds ol ¢ovenanl is recognised at ihe time ol the donation.

HOUGHTON BOXING CLUB
NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI
FOR THE YEAR ENDED 18 JUNE 2024
Accounting policies
Iconlinuedl
1.5 ExpeTrditur8
Expendituie Is recognised On￿ there is a legal or constructive obligalion to transfer economic benefit to a
third party, il is probable that a transfer ol economic benelits will be required in settlement, arKI Ihe amount of
the obligation can be tneasured reli8bly.
Expenditure is classified by activity. The costs of each activity are mède up of the tot81 of direct costs and
shared costs, including support GOSt5 involved in undertaking each activity. Direct Costs attributable to a single
activity are allocated directly to that activity. Shared costs which contribute to more than one activity and
support costs whiGh are not attributable to a single activity are apportioned between those activities on a basi5
eonsistenl with the use ol resources. Central staff costs are allocated on the basis of time spent, and
depreciation charges are allocated on the portion ol Ihe asset's use.
1.6 Tangible fixed assets
Tangible fixed assets are initially measured al cost and subsequenlly measured at cost or valuation, net of
depreciation and any impaimient losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their
Useful lives on the following bases..
F￿ehOld land and bLJildings
Equipment
Motor vehicles
5 /0 straight line
25¢/0 reducing balance
25Vo reducing balance
The gain or loss arising on the disposal of an asset is delerrnined as the difference be￿een the sale proceeds
and the carrying value of the asset. and is recognised in the statement of financial activities.
1.7 Impaimienl of fixed assets
At gach reporting end date, the charity reviews the carrying amounts of its tangible assets lo det8rmine
whether there Is any indication that those assets have SLJffered ar) impairment loss. If any such indication
exists, Ihe recoverable amount ol the asset is estimated in order lo determine the extent of the Impairment
loss lif any).
1.8 Stocks
stocks are stated at the lower of cost 8rid estimated selling price less costs to complete and sell. Cost
comprises direct materials and. where applicable. dire¢t labour costs and those overhezds that have been
incurred in bnnging the stocks lo their present location and condition. Items held for distribulion al no or
nominal consideialion are measured the lower of replacement cost and oost.
1.9 Cash 3nd cash equivalents
Cash and cash eqLJivalents include cash in haThJ, deposits held at call with banks, other SI￿rt-terrn liquid
investment5 With original maturities of three mDnlh5 or le&s, and bank overdrafts. Bank overdrafts are shown
within borrc)wings in current liabilities.

HOUGHTON BOXING CLUB
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 18 JUNE 2024
Donations and legacies
Unrestncled Reslricled
funds
funds
general
2024
Total Unrestricted
funds
general
2023
Restricted
runds
Total
2024
2024
2023
2023
Donations and gifts
Gran15
14,391
10,000
14.391
100,800
15.296
15,296
52,000
90,800
52,000
24,391
90,800
115.191
15.296
52,000
57.296
Charilable aclivilies
Other
trading
other
Irading
activities
2024
2023
Subscriptions
Shows
8.034
9,375
13,198
15,402
17.409
28.600
Analysis by lund
Unrestricted funds- general
Restricted funds
17,409
28,600
17,409
28,600

HOUGHTON BOXING CLUB
NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI
FOR THE YEAR ENDED 18 JUNE 2024
Charitable adivilies
2024
2023
Boxing Club activities
3,416
7,507
3.416
7,507
Share ol support costs Isee note 51
Share of governance costs Isee note 51
44,178
1,￿0
38,435
700
48,594
46,642
Analysis by fund
Unrestricted funds- general
Restricted funds
46.724
1.870
46,642
48,594
46,642
Support costs
Support Governance
costs
costs
2024
Support
costs
Governance
costs
2023
Premises costs
Rates
Light & heal
Mcilor & trav81
General admin costs
Insurance
Bank charges
Depreciation
Professional lees
8,403
3,595
4,517
4,564
3.321
994
391
14,543
3,850
8.403
3,595
4,517
4,564
3,321
13,7e2
13,762
10,036
2,675
10,036
2,675
391
14,543
4.850
5,047
6.915
5,047
7,615
1,000
700
44,178
1,000
45,178
38.435
700
39,135
Analysed between
Charitable activities
44,178
1,000
45.178
38,435
700
39,135
Govemance wsts includes payments for the independent examination of £1,00012023.' £7001.

HOUGHTON BOXING CLUB
NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI
FOR THE YEAR ENDED 18 JUNE 2024
Trustees
None ol the trustees lor any persons connected with them) received any remuneration or benefits from the
charity durtng the ygar.
Taxation
The charity is exempl from tax on income and g8ins falling within section 505 01 the Taxes Act 1988 or section
252 of the Taxation of Chargeable Gains Act 1992 to the exlenl that these are applied lo ils charitable objects.
Tangible ffixed assets
Leasehold
iqnd and
bJiUings
EquipTnenl
Mott
vehicle
Total
Cost
At 19 JLJne 2023
Additions
136,650
92,766
7.327
22,109
166,086
92,766
Al 18 June 2024
229,416
7,327
22.109
258,852
Depreciation and impairment
At 19 June 2023
Depreciation charged in the year
7,137
11,471
5.806
380
11.342
2,692
24.285
14,543
At 18 June 2024
18,608
6,186
14,034
38,828
Carrying amount
At 18 June 2024
210,808
1,141
8,075
220,024
At 18 JLJne 2023
129.513
1.521
10,767
141.801
Stocks
2024
2023
StoGk
10 Debtors
2024
2023
Amounts falling due within one year..
Other debtors
Prepaytnenls and accrued income
3.750
3.750

HOUGHTON BOXING CLUB
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 18 JUNE 2024
11 Creditors.. amounts falling due within one year
2024
2023
Loan
Accruals
5,133
1,100
5,133
6,233
5,133
12 Creditors.. amounts falling ttue more than one year
2024
2023
Loan
Accruals
43,518
50,881
43.518
50,881
13 Reslricled funds
The income funds of the charity Include reslricted funds cotllprising the following unexpended balances of
donations and grants held Dn trust lor speafi'c PUlPDses'.
Movement in funds
Irthming
ResOu￿e$
resources
expended
8roughl
fDrward
TT3nslersl
ga￿$
CarrEed
Community fund
Property fvnds
8,800
82,000
11,8701
6,930
182,201
100,201
100,201
90,800
11,8701
189.131
14
Analysis cil net assets belween funds
Unreslricled Restricted
funds
funds
Total Unrestricted
funds
Restricted
funds
Totsl
2024
2024
2024
2023
2023
2023
Fund balances are
represented by..
Tangibl£ assets
Current assetsllliabililiesl
Long term liabilities
9.216
15.5251
210.808
220,024
21,841
16,316
143.5181 143,5181
12,288
13,6731
129,513
21,569
150,8811
141,801
17,896
150,8811
3,691
189,131
192,822
8,615
100,201
108,816
15 Related paty transactions
There were no disclosable related party transactions during the year12023 none).
10