**REGISTERED CHARITY NUMBER: 1178198** ## **REPORT OF THE TRUSTEES AND** ## **UNAUDITED FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 31 MAY 2025** ## **FOR** ## **CRICKLEWOOD BOXING CLUB** Xeinadin Swiss Cottage Limited Harben House Harben Parade Finchley Road LONDON NW3 6LH **CRICKLEWOOD BOXING CLUB CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025** |||**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|10| |**Detailed Statement of Financial Activities**|11|to|12| **CRICKLEWOOD BOXING CLUB REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MAY 2025** The trustees present their report with the financial statements of the charity for the year ended 31 May 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). ## **OBJECTIVES AND ACTIVITIES** ## **Objectives and aims** Cricklewood boxing club is focused in providing fitness camps for children in the local area from underprivileged homes. ## **ACHIEVEMENTS AND PERFORMANCE** During the year our total funds raised was £112,668 (2024: £141,408 ). The net deficit/(surplus) movement in total funds during the year was £14,752 (2024: £18,251). ## **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** Units 1 & 2 Gladstone Park Edgware Road NW2 6JT ## **Trustees** N D Salmon R Buick Ms S Abbasi ## **Independent Examiner** Xeinadin Swiss Cottage Limited Harben House Harben Parade Finchley Road LONDON NW3 6LH Approved by order of the board of trustees on 6 May 2026 and signed on its behalf by: R Buick - 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** I report to the charity trustees on my examination of the accounts of Cricklewood Boxing Club (the Trust) for the year ended 31 May 2025. ## **Responsibilities and basis of report** As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act'). I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act. ## **Independent examiner's statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with 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. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. David Myerson FCA Xeinadin Swiss Cottage Limited Harben House Harben Parade Finchley Road LONDON NW3 6LH 6 May 2026 Page 2 **CRICKLEWOOD BOXING CLUB** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MAY 2025** **----- Start of picture text -----**
2025 2024
Unrestricted Restricted Total Total
fund fund funds funds
Notes £ £ £ £
INCOME AND ENDOWMENTS FROM
-
Donations and legacies 34,382 34,382 112,004
Other trading activities 2 48,066 - 48,066 29,404
Other income 30,220 - 30,220 -
Total 112,668 - 112,668 141,408
EXPENDITURE ON
-
Raising funds 14,736 14,736 10,715
Other 112,684 - 112,684 112,442
Total 127,420 - 127,420 123,157
-
NET INCOME/(EXPENDITURE) (14,752) (14,752) 18,251
RECONCILIATION OF FUNDS
Total funds brought forward 69,851 9,319 79,170 60,919
TOTAL FUNDS CARRIED FORWARD 55,099 9,319 64,418 79,170
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The notes form part of these financial statements Page 3 ## **CRICKLEWOOD BOXING CLUB** ## **BALANCE SHEET 31 MAY 2025** **----- Start of picture text -----**
2025 2024
Unrestricted Restricted Total Total
fund fund funds funds
Notes £ £ £ £
FIXED ASSETS
Tangible assets 5 53,307 9,319 62,626 95,096
CURRENT ASSETS
Debtors 6 8,395 - 8,395 -
Cash at bank and in hand 13,490 - 13,490 8,589
-
21,885 21,885 8,589
CREDITORS
Amounts falling due within one year 7 (9,767) - (9,767) (11,181)
NET CURRENT ASSETS 12,118 - 12,118 (2,592)
TOTAL ASSETS LESS CURRENT LIABILITIES 65,425 9,319 74,744 92,504
CREDITORS
Amounts falling due after more than one year 8 (10,326) - (10,326) (13,334)
NET ASSETS 55,099 9,319 64,418 79,170
FUNDS 11
Unrestricted funds 55,099 69,851
Restricted funds 9,319 9,319
TOTAL FUNDS 64,418 79,170
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The financial statements were approved by the Board of Trustees and authorised for issue on 6 May 2026 and were signed on its behalf by: R Buick - 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 2025** ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. ## **Income** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. ## **Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use 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. Improvements to property - 20% on reducing balance Fixtures and fittings - 20% on reducing balance Motor vehicles - Straight line over 4 years Computer equipment - 20% on reducing balance ## **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. Restricted funds can only be used for particular restricted purposes within the objects of the charity. 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** The interest element of these obligations is charged to the Statement of Financial Activities over the relevant period. The capital element of the future payments is treated as a liability. Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease. ## **Prior year adjustment** The prior year financial statements have been restated to reflect £27,000 which was previously treated as income as being a bounceback loan taken by the Charity. continued... Page 5 **CRICKLEWOOD BOXING CLUB NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MAY 2025** ## **2. OTHER TRADING ACTIVITIES** Admissions **----- Start of picture text -----**
||| |---|---| |2025|2024| |£|£| |48,066|29,404| **----- End of picture text -----**
## **3. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 May 2025 nor for the year ended 31 May 2024. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 May 2025 nor for the year ended 31 May 2024. ## **4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES** **----- Start of picture text -----**
||||| |---|---|---|---| |Unrestricted|Restricted|Total| |fund|fund|funds| |£|£|£| |INCOME AND ENDOWMENTS FROM| |-| |Donations and legacies|112,004|112,004| |-| |Other trading activities|29,404|29,404| |Total|141,408|-|141,408| |EXPENDITURE ON| |-| |Raising funds|10,715|10,715| |Other|105,123|7,319|112,442| |Total|115,838|7,319|123,157| |NET INCOME/(EXPENDITURE)|25,570|(7,319)|18,251| |Transfers between funds|16,839|(16,839)|-| |Net movement in funds|42,409|(24,158)|18,251| |RECONCILIATION OF FUNDS| |Total funds brought forward|27,442|33,477|60,919| |TOTAL FUNDS CARRIED FORWARD|69,851|9,319|79,170| **----- End of picture text -----**
continued... Page 6 **CRICKLEWOOD BOXING CLUB** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MAY 2025** ## **5. TANGIBLE FIXED ASSETS** |Improvements
Fixtures
to
and
property
fittings
£
£
**COST**
At 1 June 2024
**22,101**
**127,013**
Additions
**-**
**53,009**
Disposals
**-**
**(70,461)**
At 31 May 2025
**22,101**
**109,561**
**DEPRECIATION**
At 1 June 2024
**3,415**
**56,552**
Charge for year
**3,738**
**10,601**
At 31 May 2025
**7,153**
**67,153**
**NET BOOK VALUE**
At 31 May 2025
**14,948**
**42,408**
At 31 May 2024
18,686
70,461
**6.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other debtors
Prepayments and accrued income
**7.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Bank loans and overdrafts (see note 9)
Hire purchase (see note 10)
Other creditors|Motor
vehicles
£
**5,700**
**-**
**-**
**5,700**
**2,138**
**1,425**
**3,563**
**2,137**
3,562|Computer
equipment
Totals
£
£
**4,098**
**158,912**
**1,530**
**54,539**
**-**
**(70,461)**
**5,628**
**142,990**
**1,711**
**63,816**
**784**
**16,548**
**2,495**
**80,364**
**3,133**
**62,626**
2,387
95,096
**2025**
2024
**£**
£
**7,925**
-
**470**
-
**8,395**
-
**2025**
2024
**£**
£
**5,418**
5,400
**-**
1,532
**4,349**
4,249
**9,767**
11,181| |---|---|---| continued... Page 7 **CRICKLEWOOD BOXING CLUB** **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MAY 2025** **----- Start of picture text -----**
8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£ £
Bank loans (see note 9) 10,326 13,334
9. LOANS
An analysis of the maturity of loans is given below:
2025 2024
£ £
Amounts falling due within one year on demand:
Bank loans 5,418 5,400
Amounts falling due between two and five years:
Bank loans - 2-5 years 10,326 13,334
10. LEASING AGREEMENTS
Minimum lease payments under hire purchase fall due as follows:
2025 2024
£ £
Gross obligations repayable:
-
Within one year 1,618
Finance charges repayable:
Within one year - 86
Net obligations repayable:
-
Within one year 1,532
11. MOVEMENT IN FUNDS
Net
movement At
At 1.6.24 in funds 31.5.25
£ £ £
Unrestricted funds
General fund 69,851 (14,752) 55,099
Restricted funds
-
Council Gym Funding 9,319 9,319
TOTAL FUNDS 79,170 (14,752) 64,418
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continued... Page 8 **CRICKLEWOOD BOXING CLUB** **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MAY 2025** ## **11. MOVEMENT IN FUNDS - continued** Net movement in funds, included in the above are as follows: |**Unrestricted funds**
General fund
**TOTAL FUNDS**|Incoming
resources
£
**112,668**
**112,668**|Resources
expended
£
**(127,420)**
**(127,420)**|Movement
in funds
£
**(14,752)**
**(14,752)**| |---|---|---|---| ## **Comparatives for movement in funds** |Net
movement
At 1.6.23
in funds
£
£
**Unrestricted funds**
General fund
27,442
25,570
**Restricted funds**
Council Gym Funding
33,477
(7,319)
**TOTAL FUNDS**
60,919
18,251
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
141,408
**Restricted funds**
Council Gym Funding
-
**TOTAL FUNDS**
141,408|Transfers
between
At
funds
31.5.24
£
£
16,839
69,851
(16,839)
9,319
-
79,170
Resources
Movement
expended
in funds
£
£
(115,838)
25,570
(7,319)
(7,319)
(123,157)
18,251| |---|---| A current year 12 months and prior year 12 months combined position is as follows: |At 1.6.23
£
**Unrestricted funds**
General fund
27,442
**Restricted funds**
Council Gym Funding
33,477|Net
Transfers
movement
between
At
in funds
funds
31.5.25
£
£
£
10,818
16,839
55,099
(7,319)
(16,839)
9,319| |---|---| |**TOTAL FUNDS**
60,919|3,499
-
64,418| continued... Page 9 **CRICKLEWOOD BOXING CLUB** **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MAY 2025** ## **11. MOVEMENT IN FUNDS - continued** A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: |**Unrestricted funds**
General fund
**Restricted funds**
Council Gym Funding
**TOTAL FUNDS**|Incoming
resources
£
254,076
-
254,076|Resources
Movement
expended
in funds
£
£
(243,258)
10,818
(7,319)
(7,319)
(250,577)
3,499| |---|---|---| ## **12. RELATED PARTY DISCLOSURES** Purchases of £47,870 were made from Greenfield Sports Limited, a company controlled by Trustee R Buick. Page 10 **CRICKLEWOOD BOXING CLUB** ## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MAY 2025** **----- Start of picture text -----**
2025 2024
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Donations 6,208 42,604
Grants 28,174 69,400
34,382 112,004
Other trading activities
Admissions 48,066 29,404
Other income
-
Gain on sale of tangible fixed assets (70,461)
-
Sundry receipts 100,681
-
30,220
Total incoming resources 112,668 141,408
EXPENDITURE
Other trading activities
Purchases 14,736 10,715
Support costs
Management
Wages 420 100
Other operating leases 35,126 27,534
Insurance 602 -
Light and heat 4,613 3,010
Postage and stationery 72 148
Advertising 709 2,793
Refreshments 3,240 4,131
Travel 2,674 5,376
47,456 43,092
Finance
Telephone 1,939 2,369
Bank charges 781 266
Bank loan interest 434 509
Hire purchase 86 462
3,240 3,606
Information technology
Repairs and renewals 36,214 23,083
Travel and Entertainment 1,713 5,078
37,927 28,161
Other
Computer expenses 1,108 816
Carried forward 1,108 816
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This page does not form part of the statutory financial statements Page 11 **CRICKLEWOOD BOXING CLUB** ## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MAY 2025** **----- Start of picture text -----**
2025 2024
£ £
Other
Brought forward 1,108 816
Improvements to property 3,737 3,415
Fixtures and fittings 10,602 14,446
Motor vehicles 1,425 1,425
Computer equipment 783 463
17,655 20,565
Governance costs
Sundries 3,802 2,717
Accountancy and legal fees 1,500 1,800
Legal and professional 1,104 12,501
6,406 17,018
Total resources expended 127,420 123,157
Net (expenditure)/income (14,752) 18,251
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This page does not form part of the statutory financial statements Page 12