```
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`**
|||**`Page`**||
|---|---|---|---|
|**`Report of the Trustees`**||`1`||
|**`Independent Examiner's Report`**||`2`||
|**`Statement of Financial Activities`**||`3`||
|**`Balance Sheet`**||`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
```