REGISTERED CHARITY NUMBER: 1178198
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2021
FOR
CRICKLEWOOD BOXING CLUB
KBSP Partners LLP
Chartered Accountants
Harben House
Harben Parade
Finchley Road
LONDON
NW3 6LH
CRICKLEWOOD BOXING CLUB
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2021
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Page |
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Report of the Trustees |
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1 |
|
Independent Examiner's Report |
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2 |
|
Statement of Financial Activities |
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3 |
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Balance Sheet |
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4 |
|
Notes to the Financial Statements |
5 |
to |
9 |
Detailed Statement of Financial Activities |
10 |
to |
11 |
CRICKLEWOOD BOXING CLUB
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MAY 2021
Thetrusteespresenttheirreportwiththefinancialstatementsofthecharityfortheyearended31May2021. The
trusteeshaveadoptedtheprovisionsofAccountingandReportingbyCharities:StatementofRecommended Practice
applicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancialReportingStandardapplicableinthe UK
and Republic of Ireland (FRS 102) (effective 1 January 2019).
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
1178198
Principal address
The Basement
327 Edgware Road
The Railway Club
NW2 6JP
Trustees
N D Salmon (resigned 30.9.2021)
J Fay
R Buick
T Smith (appointed 1.1.2022)
Independent Examiner
KBSP Partners LLP
Chartered Accountants
Harben House
Harben Parade
Finchley Road
LONDON
NW3 6LH
Approved by order of the board of trustees on 5 April 2022 and signed on its behalf by:
A Paul - Trustee
Page 1
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
CRICKLEWOOD BOXING CLUB
Independent examiner's report to the trustees of Cricklewood Boxing Club
IreporttothecharitytrusteesonmyexaminationoftheaccountsofCricklewoodBoxingClub(theTrust)forthe year
ended 31 May 2021.
Responsibilities and basis of report
AsthecharitytrusteesoftheTrustyouareresponsibleforthepreparationoftheaccountsinaccordancewith the
requirements of the Charities Act 2011 ('the Act').
IreportinrespectofmyexaminationoftheTrust'saccountscarriedoutundersection145oftheActandincarrying out
myexaminationIhavefollowedallapplicableDirectionsgivenbytheCharityCommissionundersection145(5)(b)of the
Act.
Independent examiner's statement
Ihavecompletedmyexamination.Iconfirmthatnomaterialmattershavecometomyattentioninconnectionwith 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.
Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationtowhichattention should
be drawn in this report in order to enable a proper understanding of the accounts to be reached.
David Myerson FCA
KBSP Partners LLP
Chartered Accountants
Harben House
Harben Parade
Finchley Road
LONDON
NW3 6LH
Date: .............................................
Page 2
CRICKLEWOOD BOXING CLUB
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MAY 2021
Unrestricted
Restricted
fund
fund
Notes
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
76,978
-
Other trading activities
2
-
-
Total
76,978
-
EXPENDITURE ON
Raising funds
9,327
-
Other
27,708
-
Total
37,035
-
NET INCOME/(EXPENDITURE)
39,943
-
RECONCILIATION OF FUNDS
Total funds brought forward
4,147
38,129
TOTAL FUNDS CARRIED FORWARD
44,090
38,129 |
2021
Total
funds
£
76,978
-
76,978
9,327
27,708
37,035
39,943
42,276
82,219 |
2020
Total
funds
£
40,056
105
40,161
6,400
48,739
55,139
(14,978)
57,254
42,276 |
|
|
|
The notes form part of these financial statements
Page 3
CRICKLEWOOD BOXING CLUB
BALANCE SHEET 31 MAY 2021
Unrestricted
fund
Notes
£
FIXED ASSETS
Tangible assets
5
26,321
CURRENT ASSETS
Stocks
6
-
Debtors
7
9,340
Cash at bank and in hand
10,830
20,170
CREDITORS
Amounts falling due within one year
8
(2,401)
NET CURRENT ASSETS
17,769
TOTAL ASSETS LESS CURRENT LIABILITIES
44,090
NET ASSETS
44,090
FUNDS
9
Unrestricted funds
Restricted funds
TOTAL FUNDS |
Restricted
fund
£
31,777
-
-
6,351
6,351
1
6,352
38,129
38,129 |
2021
Total
funds
£
58,098
-
9,340
17,181
26,521
(2,400)
24,121
82,219
82,219
44,090
38,129
82,219 |
2020
Total
funds
£
35,626
1,095
-
7,353
8,448
(1,798)
6,650
42,276
42,276
4,147
38,129
42,276 |
|
|
|
|
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissueon5April2022and were
signed on its behalf by:
A Paul - Trustee
The notes form part of these financial statements
Page 4
CRICKLEWOOD BOXING CLUB
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2021
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
Thefinancialstatementsofthecharity,whichisapublicbenefitentityunderFRS102,havebeenprepared in
accordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities:Statement of
RecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancial Reporting
StandardapplicableintheUKandRepublicofIreland(FRS102)(effective1January2019)',Financial Reporting
Standard102'TheFinancialReportingStandardapplicableintheUKandRepublicofIreland'andtheCharities Act
2011. The financial statements have been prepared under the historical cost convention.
Income
AllincomeisrecognisedintheStatementofFinancialActivitiesoncethecharityhasentitlementtothefunds,it is
probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommitting the
charitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswillberequiredinsettlement and
theamountoftheobligationcanbemeasuredreliably.Expenditureisaccountedforonanaccrualsbasisand has
beenclassifiedunderheadingsthataggregateallcostrelatedtothecategory.Wherecostscannotbe directly
attributedtoparticularheadingstheyhavebeenallocatedtoactivitiesonabasisconsistentwiththeuse of
resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Stocks
Stocksarevaluedatthelowerofcostandnetrealisablevalue,aftermakingdueallowanceforobsoleteand slow
moving items.
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.
Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthecharity. Restrictions
arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Hire purchase and leasing commitments
RentalspaidunderoperatingleasesarechargedtotheStatementofFinancialActivitiesonastraightline basis
over the period of the lease.
2. OTHER TRADING ACTIVITIES
OTHER TRADING ACTIVITIES |
|
|
|
|
2021 |
|
2020 |
|
£ |
|
£ |
Sponsorships |
|
- |
105 |
continued...
Page 5
CRICKLEWOOD BOXING CLUB
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MAY 2021
3. TRUSTEES' REMUNERATION AND BENEFITS
Therewerenotrustees'remunerationorotherbenefitsfortheyearended31May2021norfortheyear ended
31 May 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 May 2021 nor for the year ended 31 May 2020.
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
Restricted
fund
fund
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
40,057
(1)
Other trading activities
105
-
Total
40,162
(1)
EXPENDITURE ON
Raising funds
3,564
2,836
Other
34,940
13,799
Total
38,504
16,635
NET INCOME/(EXPENDITURE)
1,658
(16,636)
RECONCILIATION OF FUNDS
Total funds brought forward
2,489
54,765
TOTAL FUNDS CARRIED FORWARD
4,147
38,129 |
Total
funds
£
40,056
105
40,161
6,400
48,739
55,139
(14,978)
57,254
42,276 |
|
|
continued...
Page 6
CRICKLEWOOD BOXING CLUB
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MAY 2021
5.
TANGIBLE FIXED ASSETS
Improvements
to
property
£
COST
At 1 June 2020
12,432
Additions
-
At 31 May 2021
12,432
DEPRECIATION
At 1 June 2020
2,883
Charge for year
1,910
At 31 May 2021
4,793
NET BOOK VALUE
At 31 May 2021
7,639
At 31 May 2020
9,549
6.
STOCKS
Stocks
7.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other debtors
8.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other creditors
9.
MOVEMENT IN FUNDS
Unrestricted funds
General fund
Restricted funds
Council Gym Funding
TOTAL FUNDS |
Fixtures
and
fittings
£
35,774
30,264
66,038
10,711
6,265
16,976
49,062
25,063
At 1.6.20
£
4,147
38,129
42,276 |
Computer
equipment
£
1,268
675
1,943
254
292
546
1,397
1,014
2021
£
-
2021
£
9,340
2021
£
2,400
Net
movement
in funds
£
39,943
-
39,943 |
Totals
£
49,474
30,939
80,413
13,848
8,467
22,315
58,098
35,626
2020
£
1,095
2020
£
-
2020
£
1,798
At
31.5.21
£
44,090
38,129 |
|
|
|
82,219 |
continued...
Page 7
CRICKLEWOOD BOXING CLUB
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MAY 2021
9. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
TOTAL FUNDS |
Incoming
resources
£
76,978
76,978 |
Resources
Movement
expended
in funds
£
£
(37,035)
39,943
(37,035)
39,943 |
Resources
Movement
expended
in funds
£
£
(37,035)
39,943
(37,035)
39,943 |
|
|
|
39,943 |
Comparatives for movement in funds
|
Net |
|
|
movement |
At |
At 1.6.19 |
in funds |
31.5.20 |
£ |
£ |
£ |
Unrestricted funds |
|
|
General fund
2,489 |
1,658 |
4,147 |
Restricted funds |
|
|
Council Gym Funding
54,765 |
(16,636) |
38,129 |
TOTAL FUNDS
57,254 |
(14,978) |
42,276 |
Comparative net movement in funds, included in the above are as follows: |
|
|
Incoming |
Resources |
Movement |
resources |
expended |
in funds |
£ |
£ |
£ |
Unrestricted funds |
|
|
General fund
40,162 |
(38,504) |
1,658 |
Restricted funds |
|
|
Council Gym Funding
(1) |
(16,635) |
(16,636) |
TOTAL FUNDS
40,161 |
(55,139) |
(14,978) |
A current year 12 months and prior year 12 months combined position is as follows:
|
|
Net |
|
|
|
movement |
At |
|
At 1.6.19 |
in funds |
31.5.21 |
|
£ |
£ |
£ |
Unrestricted funds |
|
|
|
General fund |
2,489 |
41,601 |
44,090 |
Restricted funds |
|
|
|
Council Gym Funding |
54,765 |
(16,636) |
38,129 |
TOTAL FUNDS |
57,254 |
24,965 |
82,219 |
continued...
Page 8
CRICKLEWOOD BOXING CLUB
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MAY 2021
9. MOVEMENT IN FUNDS - continued
Acurrentyear12monthsandprioryear12monthscombinednetmovementinfunds,includedintheabove are
as follows:
|
Incoming |
Resources |
Movement |
|
resources |
expended |
in funds |
|
£ |
£ |
£ |
Unrestricted funds |
|
|
|
General fund |
117,140 |
(75,539) |
41,601 |
Restricted funds |
|
|
|
Council Gym Funding |
(1) |
(16,635) |
(16,636) |
TOTAL FUNDS |
117,139 |
(92,174) |
24,965 |
10. RELATED PARTY DISCLOSURES
Attheyearend£9,340wasoutstandingfromtheTrusteeRobinBuick.Thisamountwasrepaidafterthe year
end.
Page 9
CRICKLEWOOD BOXING CLUB
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MAY 2021
|
2021 |
2020 |
|
£ |
£ |
INCOME AND ENDOWMENTS |
|
|
Donations and legacies |
|
|
Donations |
38,405 |
2,536 |
Grants |
21,826 |
1,500 |
Subscriptions |
- |
1,325 |
Admissions |
16,747 |
34,695 |
|
76,978 |
40,056 |
Other trading activities |
|
|
Sponsorships |
- |
105 |
Total incoming resources |
76,978 |
40,161 |
EXPENDITURE |
|
|
Other trading activities |
|
|
Opening stock |
1,095 |
1,095 |
Purchases |
8,232 |
5,305 |
|
9,327 |
6,400 |
Support costs |
|
|
Management |
|
|
Wages |
350 |
1,300 |
Other operating leases |
7,500 |
14,700 |
Postage and stationery |
193 |
174 |
Advertising |
190 |
3,784 |
Refreshments |
526 |
2,779 |
Travel |
1,814 |
774 |
Motor expenses |
523 |
1,677 |
|
11,096 |
25,188 |
Finance |
|
|
Telephone |
883 |
924 |
Bank charges |
320 |
347 |
|
1,203 |
1,271 |
Information technology |
|
|
Repairs and renewals |
2,427 |
9,515 |
Entertainment |
38 |
- |
|
2,465 |
9,515 |
Other |
|
|
Improvements to property |
1,910 |
2,149 |
Fixtures and fittings |
6,265 |
5,693 |
Computer equipment |
293 |
194 |
|
8,468 |
8,036 |
This page does not form part of the statutory financial statements
Page 10
CRICKLEWOOD BOXING CLUB
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MAY 2021
|
2021 |
2020 |
|
£ |
£ |
Other |
|
|
Governance costs |
|
|
Sundries |
585 |
1,243 |
Accountancy and legal fees |
1,200 |
1,200 |
No description |
2,691 |
2,286 |
|
4,476 |
4,729 |
Total resources expended |
37,035 |
55,139 |
Net income/(expenditure) |
39,943 |
(14,978) |
This page does not form part of the statutory financial statements
Page 11