REGISTERED CHARITY NUMBER: 1181405
Report of the Trustees and
Financial Statements
for the Year Ended 31 December 2020
for
Moss Side Fire Station Boxing Club
Boardman Conway 23A High Street Weaverham Northwich Cheshire CW8 3HA
Moss Side Fire Station Boxing Club
Contents of the Financial Statements for the Year Ended 31 December 2020
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | ||
| Notes to the Financial Statements | 6 | to | 9 |
| Detailed Statement of Financial Activities | 10 | to | 11 |
Moss Side Fire Station Boxing Club
Report of the Trustees for the Year Ended 31 December 2020
The trustees present their report with the financial statements of the charity for the year ended 31 December 2020. 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
The objectives of the charity are primarily focused for the benefit of the inhabitants of Moss Side, Hulme, Greater Manchester and the surrounding areas. The objectives of the charity are:
a) the promotion of community participation in healthy recreation by providing facilities and opportunities for amateur boxing and other activities capable of improving physical health.
b) to advance the education, including developing their mental, physical and moral capabilities through leisure time activities.
c) to act as a resource for people living in the area by providing advice and assistance, and organising programmes of physical, educational and other activities. The aim of this is to advance in life and help young people by developing their skills, capacities and capabilities to enable them to participate in society as independent, mature and responsible individuals. There are additional aims to advance education, relieve unemployment and reduce crime and anti-social behaviour.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
The charity has provided boxing training for adults and children, as well as the provision of travel to competitions using usually the club minibus. This is not just for those taking part in the competition but also to encourage support for those taking part.
The charity has also the use of the facilities for fitness training for groups from local schools, as well as for children and young people who are not in education or training.
The charity has provided support for individuals with the provision of equipment, clothing and financial support to aid in their education or training.
In the year the charity has been engaged in delivering food to vulnerable families in the area, due to the impacts of COVID-19.
FINANCIAL REVIEW
Reserves policy
The trustees have reviewed the reserves of the charity and have concluded that to allow the charity to be managed efficiently and to continue its current activities, unrestricted fund reserves should be not less than 6 months anticipated expenditure. On this basis the current requirement is £16,000 at 31 December 2020. The trustees have ringfenced £25,000 of unrestricted fund reserves towards the planned building of an extension to the club's existing premises. Actual free reserves at 31 December 2020 amounted to £57,294, which the trustees consider is a satisfactory level.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Organisational structure
The charity is governed by the trustees who meet regularly throughout the year. The trustees have been selected for their experience and knowledge with regards the boxing club and within the surrounding community. All decisions are made by the trustees at their meetings. In planning the activities for the year the trustees have kept in mind the Charity Commissions guidelines on public benefit and the objectives of the Charity.
Page 1
Moss Side Fire Station Boxing Club
Report of the Trustees for the Year Ended 31 December 2020
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1181405
Principal address
Moss Side Fire Station 9 Denhill Road Manchester M15 5NR
Trustees
J McGee Ms L Mitchell Ms N G Brayne (resigned 5.10.20) T Judge Ms K C Allely P A Etches E Gall Ms J M Thompson (appointed 5.10.20)
Independent Examiner
Steven Conway Boardman Conway 23A High Street Weaverham Northwich Cheshire CW8 3HA
Approved by order of the board of trustees on 8 June 2021 and signed on its behalf by:
J McGee - Trustee
Page 2
Independent Examiner's Report to the Trustees of Moss Side Fire Station Boxing Club
Independent examiner's report to the trustees of Moss Side Fire Station Boxing Club
I report to the charity trustees on my examination of the accounts of Moss Side Fire Station Boxing Club (the Trust) for the year ended 31 December 2020.
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:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
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.
Steven Conway Boardman Conway 23A High Street Weaverham Northwich Cheshire CW8 3HA
10 June 2021
Page 3
Moss Side Fire Station Boxing Club
Statement of Financial Activities for the Year Ended 31 December 2020
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 42,050 Other income 40 Total 42,090 EXPENDITURE ON Raising funds 3,947 Charitable activities Community engagement 2,100 Member support 881 Equipment and clothing - Projects 3,474 Other 14,708 Total 25,110 NET INCOME/(EXPENDITURE) 16,980 RECONCILIATION OF FUNDS Total funds brought forward 65,314 TOTAL FUNDS CARRIED FORWARD 82,294 |
Period 3.1.19 Year Ended to 31.12.20 31.12.19 Restricted Total Total funds funds funds £ £ £ 3,795 45,845 139,683 - 40 73 3,795 45,885 139,756 - 3,947 15,873 - 2,100 5,723 - 881 7,903 9,155 9,155 11,695 1,295 4,769 7,782 - 14,708 16,757 10,450 35,560 65,733 (6,655) 10,325 74,023 8,709 74,023 - 2,054 84,348 74,023 |
|---|---|
The notes form part of these financial statements
Page 4
Moss Side Fire Station Boxing Club
Balance Sheet 31 December 2020
| 31.12.20 | 31.12.19 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| fund | funds | funds | funds | |||
| Notes | £ | £ | £ | £ | ||
| FIXED ASSETS | ||||||
| Tangible assets | 4 | 2,437 | - | 2,437 | 3,250 | |
| CURRENT ASSETS | ||||||
| Debtors | 5 | 1,598 | - | 1,598 | 2,494 | |
| Cash at bank and in hand | 79,739 | 2,054 | 81,793 | 70,003 | ||
| CREDITORS | 81,337 | 2,054 | 83,391 | 72,497 | ||
| Amounts falling due within one year | 6 | (1,480) | - | (1,480) | (1,724) | |
| NET CURRENT ASSETS | 79,857 | 2,054 | 81,911 | 70,773 | ||
| TOTAL ASSETS LESS CURRENT | ||||||
| LIABILITIES | 82,294 | 2,054 | 84,348 | 74,023 | ||
| NET ASSETS | 82,294 | 2,054 | 84,348 | 74,023 | ||
| FUNDS | 7 | |||||
| Unrestricted funds | 82,294 | 65,314 | ||||
| Restricted funds | 2,054 | 8,709 | ||||
| TOTAL FUNDS | 84,348 | 74,023 | ||||
The financial statements were approved by the Board of Trustees and authorised for issue on 8 June 2021 and were signed on its behalf by:
J McGee - Trustee
The notes form part of these financial statements
Page 5
Moss Side Fire Station Boxing Club
Notes to the Financial Statements for the Year Ended 31 December 2020
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.
Motor vehicles - 25% 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.
2. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2020 nor for the period ended 31 December 2019.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2020 nor for the period ended 31 December 2019.
continued...
Page 6
Moss Side Fire Station Boxing Club
Notes to the Financial Statements - continued for the Year Ended 31 December 2020
3. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 114,279 Other income 73 Total 114,352 EXPENDITURE ON Raising funds 15,873 Charitable activities Community engagement 5,723 Member support 2,903 Equipment and clothing - Projects 7,782 Other 16,757 Total 49,038 NET INCOME 65,314 TOTAL FUNDS CARRIED FORWARD 65,314 4. TANGIBLE FIXED ASSETS COST At 1 January 2020 and 31 December 2020 DEPRECIATION At 1 January 2020 Charge for year At 31 December 2020 NET BOOK VALUE At 31 December 2020 At 31 December 2019 |
Restricted Total funds funds £ £ 25,404 139,683 - 73 25,404 139,756 - 15,873 - 5,723 5,000 7,903 11,695 11,695 - 7,782 - 16,757 16,695 65,733 8,709 74,023 8,709 74,023 Motor vehicles £ 4,000 750 813 1,563 2,437 3,250 |
|---|---|
continued...
Page 7
Moss Side Fire Station Boxing Club
Notes to the Financial Statements - continued for the Year Ended 31 December 2020
5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 31.12.20 | 31.12.19 | |||
|---|---|---|---|---|
| £ | £ | |||
| Other debtors | 1,598 | 2,494 | ||
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE | YEAR | ||
| Other creditors | 31.12.20 £ 1,480 |
31.12.19 £ 1,724 |
||
| 7. | MOVEMENT IN FUNDS | |||
| Unrestricted funds | At | Net movement 1.1.20 in funds £ £ |
At 31.12.20 £ |
|
| General fund | 65,314 16,980 |
82,294 | ||
| Restricted funds | ||||
| ESC Lottery | 8,709 (8,709) |
- | ||
| Small funds | - 2,054 |
2,054 | ||
| 8,709 (6,655) |
2,054 | |||
| TOTAL FUNDS | 74,023 10,325 |
84,348 | ||
| Net movement in funds, included in the above are as follows: | ||||
| Unrestricted funds | Incoming Resources resources expended £ £ |
Movement in funds £ |
||
| General fund | 42,090 (25,110) |
16,980 | ||
| Restricted funds | ||||
| ESC Lottery | - (8,709) |
(8,709) | ||
| Small funds | 3,795 (1,741) |
2,054 | ||
| 3,795 (10,450) |
(6,655) | |||
| TOTAL FUNDS | 45,885 (35,560) |
10,325 |
continued...
Page 8
Moss Side Fire Station Boxing Club
Notes to the Financial Statements - continued for the Year Ended 31 December 2020
7. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Unrestricted funds General fund Restricted funds ESC Lottery TOTAL FUNDS Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 114,352 Restricted funds Jo Laurie 5,000 ESC Lottery 15,504 Tommy Coyle Foundation 4,900 25,404 TOTAL FUNDS 139,756 |
Net movement At in funds 31.12.19 £ £ 65,314 65,314 8,709 8,709 74,023 74,023 Resources Movement expended in funds £ £ (49,038) 65,314 (5,000) - (6,795) 8,709 (4,900) - (16,695) 8,709 (65,733) 74,023 |
|---|---|
8. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2020.
Page 9
Moss Side Fire Station Boxing Club
Detailed Statement of Financial Activities for the Year Ended 31 December 2020
| Detailed Statement of Financial Activities for the Year Ended 31 December 2020 |
||
|---|---|---|
| Period | ||
| 3.1.19 | ||
| Year Ended | to | |
| 31.12.20 | 31.12.19 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 9,770 | 16,640 |
| Grants | 19,795 | 20,504 |
| Subscriptions | 5,980 | 13,670 |
| Donated services and facilities | 10,000 | 14,000 |
| Fundraising events | 300 | 24,475 |
| Funds transferred | - | 50,394 |
| Other income | 45,845 | 139,683 |
| Bank interest receivable | 40 | 73 |
| Total incoming resources | 45,885 | 139,756 |
| EXPENDITURE | ||
| Raising donations and legacies | ||
| Fundraising event costs | 2,647 | 15,873 |
| Other fundraising costs | 1,300 | - |
| Charitable activities | 3,947 | 15,873 |
| Fit & Feed camps | 4,309 | 2,695 |
| Community engagement | 2,000 | 5,663 |
| Trips | 460 | 5,087 |
| Club fees | 22 | 561 |
| Equipment | 6,732 | 5,748 |
| Clothing and kit | 2,423 | 5,947 |
| Club member support | 859 | 7,342 |
| Donations | 100 | 60 |
| 16,905 | 33,103 | |
| Support costs | ||
| Other | ||
| Insurance | 465 | 900 |
| Postage and stationery | 89 | 144 |
| Sundries | 422 | 748 |
| Minibus and travel | 4,041 | 4,940 |
| Accountancy | 972 | 960 |
| Carried forward | 5,989 | 7,692 |
This page does not form part of the statutory financial statements
Page 10
Moss Side Fire Station Boxing Club
Detailed Statement of Financial Activities for the Year Ended 31 December 2020
| Detailed Statement of Financial Activities for the Year Ended 31 December 2020 |
||
|---|---|---|
| Period | ||
| 3.1.19 | ||
| Year Ended | to | |
| 31.12.20 | 31.12.19 | |
| £ | £ | |
| Other | ||
| Brought forward | 5,989 | 7,692 |
| Maintenance and cleaning | 3,991 | 3,500 |
| Utilities | 3,915 | 3,915 |
| Depreciation of motor vehicles | 813 | 750 |
| Governance costs | 14,708 | 15,857 |
| Legal fees | - | 900 |
| Total resources expended | 35,560 | 65,733 |
| Net income | 10,325 | 74,023 |
This page does not form part of the statutory financial statements
Page 11