**Charity No: 1178732** ## **SOLIHULL COMMUNITY BOXING CLUB** ## **REPORT AND FINANCIAL STATEMENTS** ## **For the year ended** **31[st] March 2024** 1 **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**| 2 **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 3 **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. 4 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 Cc*npany 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 reL*ir*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. 6 **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**
| |---|---|---|---| ||||| ||||| 7