**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: 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. 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