Charity No: 1178732 SOLIHULL COMMUNITY BOXING CLUB REPORT AND FINANCIAL STATEMENTS For the year ended 3181 March 2025
SOLIHULL COMMUNITY BOXING CLUB oi¥rENTS Legal and admlnistratlve infomiation statement of flnanclal actlvlties Balance sheet Notss to tho flnanclal ststements
SOLIHULL COMMUNrrY BOXING CLUB LEGAL AND ADPIJNISTRAnVE INFORMATION Reglstered Charlty Nam• SOUHULL COMMuMifi BOXING CLUB Charfty number 1178732 Trnste8s and dlrector8 Adam Palmèr Kertneth Myatt Paul Archer Lynne CcM)mL*s Jrn Curtk8 Reglsterod 01¢& 134 Marcot Ro&J Solihull B92 7PS
SOLIHULL COMMUNrtY BOXING CLUB STATEMENT OF FINANCIAL ACTMTIES for the year ended 31$1 March 2025 Unrestrfctèd Funds 2025 Restricted Funds 2025 TotMI Fun(ts 2025 Totsl Funds 2024 Incomlng r•source8 Incom1 resoureos from gonèratad lunds Ch8ritable actiw'ts 27.4(M) 27,41XI 12.214 Total IoMIng resourcos 27 27.4CKI 12.214 EXpendIrn on Ch¥ritthe acve8 24.4&9 13,S01 Total rD8ource8 oxpended 13.901 Net InCOnn9 I loiityokngl resour beforo transfors for the year 2.917 2,917 11.8871 Gross trdnsfsrs ben fui Net movom•nt lth fund• 1917 1917 {1,687) Reeonclliatlon of fvnds Total funds brought fward 1.e69 3.358 T¢tsl funth cathod forwanl 1.669 1.669 Tr8 siatement of financial indudès dl wns and k)sses in the year. All incc¥ning rvtsourcos and expended d8rive fr( continuing tTr11. The leS on page 6 to 7 fom FQrt ofthese financial statements.
SOLIHULL cOMIAUNy BOXING CLUB BAL4NCE SHEEr AS AT 31" March 2025 2025 2024 Current assets Cash al bank in hand 5,186 1,9 5,186 1,969 Cfyditors. amounts falling due wrfihin one year (6(Q) 13CO) Net current a88ets 1.669 Not ass8ts 4,S88 1,669 R•prnent•d by: Unrestricted fijnds ReStrtl funds 4,586 1,669 Total funds 4,586 The Charitable Ccryany is entitbj to exemption from aJIt under Section 477 of th8 Companies Act 20L% for year 8nd8d 31st March 2025. The memkr5 have not required th8 company to obtain an audri of ils finala1 8tatennts for the ended 311t March 2025 in acCdance with lon 476 ofth8 anieS Act 2Crf)6. The Iruslees acknimledge thr respw5ibilities for. (al Ensuring that the Charitab mrrpany keeps accounting reccffds that ¢x4rolywilh Wions 386 and 387 ofthe Companies Act 20C6 and Ib) preparing financial ststemewrts which give a aThJ fair Vie•V oflhe slate ofaifairs of charitab as al the end of each financial year and of rts surplus or deficit finawal year in accordantÈ with the requirem8nls of sln5 394 and 395 and which otherwise compty wilh the requiremènts of Companies Act 2006 relating to financial statements. So far as applicable to the chaiitab comwy. These financial statements he been prepared in &CdanCe with the speLial provi8ions of Part 15 of th8 Companies Act 20C6 relating to ¢horitable smau cx)mp8nies. The financial stat8menls were approved by the BcA3rd of Trustees on behaw by.. 21) ,)2kn and were signed on it8 Dat•
SOLIHULL COMMUNtrY BOXING CLUB NOTES TO ThE FINANCIAL STATEMEt4TS for the year 8nded 31 March 2025 Surnmary ofslgnificant accountlng polklgs (al Ganeral Information The promolv)n of convnunity particpatM)n in h8ath recreath)n for the benefrt ofthe inhabitants of Solihull and surrounding distrth by the provision of facilrties for participalion in th8 sports of amaleur boTrg. (b) Funds Unrest1 funds are avaiL8ble for use at the d¢scretion of tho trustees in fUrth8[an of the general Obl've$ of the charity and which have not been dosignated for crth8r purpos8s. Restricted fvnds are fuThJs which are to be used in arda1)ce wf(h specific restrictions imposed by dorK)rs or whh have been raised by the charty for particular purposes. The cost of raising and administering such fvnds are charged against the splf fund. The aim and use of e&h restn'cteA fvnd set cyjt in the notes to the financial statements. (cl Incomo recogrilllon All incoming reSoUrS are Includ in Statement of Financial ActNitie8 ISOFAI when the charty i8 legJly enlided to the income aft8r any perfomwnce conditions have been m8t, the amiyjrnl can be measured rdiabty antj (( is probable thal the income will be received.. IdlExpenditure re¢ognltlon All expenditure is accounted for on an basB and has been claSsrfd under headings that aggregate all costs relat to the category. Expenditure is recognised where there 18 a gal or WIstnbv8 oblvJatKsn to nwke payments lo third parti&%. it is prd)able that the settlement will be required aThJ the arncMJnt d the Oblwjat can be rneasured reliabw. (e} Support costs allocallon Suptrt)rt costs are those that assist ts w¢yk of the charty but do not directly represent Charitab &tNities and include offKe costs, governance costs, and lmInIstrativa payroll costs. They are incJJrred directy in SUp)rt of expendilure on the ob]lS of the charity. Vere support costs cannot be diredy thbUJ lo particular headings have been allctated to cost of raising fvnds arKI expenditure on charile actNities on a basis con5iStenl wth use of resources. Ifl Going concarn The financial statements have been prepgJ on a going CA)n m basis &8thetrustees believe that no material uncertainties exist. The trust*s have considered the level ol funds hekl and the eXpted level of income and expenditure 12 months from aulhorising these financial Statements. The buQgeleA incOff and expènditure is sufficient wrth the level of reserves for the charity to t able lo CtinUe as a u72ing concem.
SOLIHULL COMMUNrrY BOXING CLUB NOTES TO THE FINANCIAL STATEMENTS for the yèar ended 31•t March 2025 Anatysis of Income 2025 2025 Total 2024 Total Unre5trlcted R05tr1clad Incomo Charitable acIMt8 27.400 27,400 12,214 T4)ts1 27.400 12.214 Analysis of Expenses 2025 2025 Total 2024 Total W&Jes, salaries and oU*rstsff ¢a8ts Car, and b3vel expenses Phone, fax. stal'orery aThJ othOffi cYts AcwuntanGy, legal and Oth profe5sK)n81 f Otr expenses 1.556 8.355 300 14,272 8,355 9,893 14.272 3.372 Total 13,901