2024-03-31-accounts

Charity No: 1178732

SOLIHULL COMMUNITY BOXING CLUB

REPORT AND FINANCIAL STATEMENTS

For the year ended

31[st] March 2024

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SOLIHULL COMMUNITY BOXING CLUB

	CONTENTS
Legal and administrative information		3
Statement of financial activities		4
Balance sheet		5
Notes to the financial statements		6 - 7

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SOLIHULL COMMUNITY BOXING CLUB

LEGAL AND ADMINISTRATIVE INFORMATION

Registered Charity Name SOLIHULL COMMUNITY BOXING CLUB Charity number 1178732 Trustees and directors Adam Palmer Kenneth Myatt Paul Archer Lynne Coombes James Curtis Helen Meeson Registered Office 134 Marcot Road Solihull B92 7PS

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SOLIHULL COMMUNITY BOXING CLUB

STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31[st] March 2024

Unrestricted Restricted Funds Funds 2024 2024 Notes £ £ Incoming resources Incoming resources from generated funds Charitable activities 2 12,214 - __ _ Total incoming resources 12,214 - Expenditure on Charitable activities 3 13,901 - Total resources expended 13,901 - Net incoming / (outgoing) resources before transfers for the year (1,687) - Gross transfers between funds - - Net movement in funds (1,687) - Reconciliation of funds Total funds brought forward 3,356 - ___ Total funds carried forward 1,669 -	Total Funds 2024 £ 12,214 __ 12,214 _ 13,901 13,901 (1,687) - (1,687) 3,356 ___ _ 1,669	Total Funds 2023 £ 13,286 __ 13,286 _ 14,731 14,731 (1,445) - (1,445) 4,801 ___ 3,356

The statement of financial activities includes all gains and losses in the year.

All incoming resources and resources expended derive from continuing activities.

The notes on page 6 to 7 form part of these financial statements.

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SOLIHULL COMMUN￿￿ BOXING CLUB BALANCE 8HEEr AS AT 31# March 2024 2024 2023 Current assets Cash at bank and in hand 3,856 1.9 Creditor5: ￿OUnts falling ue within one year 13001 13Crf)) Not Gurrent assets 1,669 Nèt assets 1.669 3,3S6 Repres8nted by: Unrestricted funds Re8lriGta funds 3,356 Total funds 1,669 3.356 The Charitabk Ccnpany ts entitled lo 8xempts.on from audit under Section 477 of the Companies Act 2006 for year ended 3151 March 2024. The members have not required the CoMp￿Y to obtain an audrt of its financial Statements for the ended 319l March 2024 in acc(d8nce with Sociion 476 of the Companies Aot 2￿6. The trustees acknowledge th￿r resp￿SibIlit￿ for. (a) Ensuring that the charitable company keeps &couthJ records that Cunp￿ with SeGtions 386 and 387 ofthe Companies Act 2CQ6 and (bl preparing financi?1 statements whkh gNe a tnje a￿1 frdir ¥iew of the state of affairs of the charitable as atthe end of each finanaal yearand of its su￿lUS or defictt for each financial year in accordance with the requirements of Seth'ons 394 aThl 395 aNI which otherwise compty with the requirements of the Compan￿8 Act 2(J]6 reLir*J lo financHI statements. So far as applicable to the charitsble company. These financial slal8m8nts have been prepared in accordance with the special prI￿ls1on8 of Part 15 of the Companies Act 2006 relating to Charitab￿ small cOmpan￿s. The finantial states were approv&1 the Board of Trn8tee8 on ............... and were on ils beha by.. Chaimian Date

SOLIHULL COMMUNITY BOXING CLUB

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31[st] March 2024

1. Summary of significant accounting policies

(a) General information

The promotion of community participation in health recreation for the benefit of the inhabitants of Solihull and surrounding districts by the provision of facilities for participation in the sports of amateur boxing.

(b) Funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

(c) Income recognition

All incoming resources are included in the Statement of Financial Activities (SOFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received:

(d) Expenditure recognition

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably.

(e) Support costs allocation

Support costs are those that assist the work of the charity but do not directly represent charitable activities and include office costs, governance costs, and administrative payroll costs. They are incurred directly in support of expenditure on the objects of the charity. Where support costs cannot be directly attributed to particular headings they have been allocated to cost of raising funds and expenditure on charitable activities on a basis consistent with use of the resources.

(f) Going concern

The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.

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SOLIHULL COMMUNITY BOXING CLUB

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31[st] March 2024

2. Analysis of Income 2024 Unrestricted Restricted £ £ Income Charitable activities 12,214 - Total 12,214 - 3. Analysis of Expenses 2024 Unrestricted Restricted £ £ Wages, salaries and other staff costs - - Car, van and travel expenses 336 - Phone, fax, stationery and other office costs 9,893 - Accountancy, legal and other professional fees 300 - Other expenses 3,372 - Total 13,901 -	2024 Total £ 12,214 12,214 2024 Total £ - 336 9,893 300 3,372 13,901		2023 Total £ 13,286 13,286 2023 Total £ - 1,639 10,314 300 2,478 14,731

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