COMPANIES HOUSE NUMBER.. CE016765 REGISTERED CHARITY NUMBER: 1182387 Report of the tru5tCC5 and Unaudited Finaneial Statem¢nts for tht Perioil Endcd 31 March 2024 for Si Paul's Boxing A¢#demy Charitable Ineorporated Organisation
St Paul's Boiing Aeademy Charitable Incorporated Organi5ation CoDtent5 of the FinAncial St&tcmcnts for the Period ended 31 March 2024 Page Report of the Trustces Indepcndent Examinevs Report Statement of Financial Activities Statement of Assets and Liabilities Notes to ihe Financial Staleinents 8-10 Detailed StateTnent of Financial Activities
St Paul's Boxing Academy Charitable Ineorporat¢d Organisation Report of the Trll5tees for the Period ended 31 March 2024 The Trustees present their reporl With the financial stateinents of the Chariiy for the peiiod ended 31 March 2024. Tlie Trustees liave adopted tlie provisions of Accounting and Reporting by Charities.. Statemei)i of Re¢ommended Piactice applicable to charities prcparing their accounts in accordance witli the Financial Reporting Standard applicable in the UK and Republi¢ of Ireland (FRS 102) (effective l January 2019). CONSTITUTION The charity was created on 8 March 2019 on which dale it5 Constiiuiion was approved by the Charities Coiiiinission. The Chariiy had 6 foundino Trusiee5. The prEViOUS colmmunity organisptiotj called Si Paul's Boxing Acadeniy passed a special re501ution transferring all of ils activities and asset5 8t that date to the new or8ani5ation. OBJECTIVES AND ACTIVITIES OUT Charity's purp05c a5 S¢t out in the objects contained in the Charity's Con5tituiion and incliid¢'. The Proinoiion of coiiimunity participation in healthy recreation by the provision of facilities for amaieur boxing; The proinotioii Of good hcalih for tlie public benefit including working witli local liealth protessionals and local gTOIIP5 and in providing guidance on health relat¢d matters such as diet, exercise and drug avoidance., and To promote social iiiclusion foi rlie public benefit by preventing people from becoiiiing socially excluded, relieving the need5 of tliose people who are socially excluded and assisting them to int¢grate into society by providing such physical or social activiiies ihat the truste¢s deem appropriate. STRUCTURE, COVERNANCE AND MANAGEMENT Governing document TIIE organisation 15 a Charitabl¢ Incorporated Orgaiiisaiion (CIO) iiicorporatEd on 8 MaT¢h 2019 8nd registered as a charity on tliat date. Tlie Chariiy was esiablislied under tlie constitution which establishes the objects and powers of the Charity. Recruitment and appointment of Trustees The Trustees are Charity Trust¢e5 lor the purpose of Charity Law and give their time voluntarily and receiv¢ no benefils forLlI tlie Cliarity. Induction and training of Deiv trustees All newly appointed iriL5tees are provided with induciion (raining in accordance with ii)du¢titsn guidelines. Page I
St Paul's Boxing Academy Charitable Incorporated Organi5gÉion Report of the Trustees for the Period ended 31 March 2024 Organisational Structurc Th¢ Trustees meet on a quarterly basis and iiianage tlie strategic dii'ection and governance of the Charity. Individual truslees meet with the l-lead Coach and voliinteers between trustees, Tneetings as necessary to ensure tlie efficient Tunniiig and development of the Academy. Seope of activities The Charity offers activities and facilities for pcople of all ages ovei. 5 years old. Training piogi'ammes are d¢sigiied for those ivi5hiiig to box comp¢titively and those seeking io improve personal fitness and health iiicluding weighi managenient and physical and mental well-being. The Charity is open seven days a week aiid has approximately 400 regiilar niembers. The Charity touches lives of over 2,000 iiidividuals over the Course of a year Ilirough its gym based and outreach coininunily activili¢s. Volunte¢rs In pUuanee of its charitable objectives, tlie Cliai'ity has a number of qualified and experienced coaclies who volunteer to work willi tl)e Ineiiiber5 for no reiiiunei'atitsn. Th¢ Trustees wish to acknowlcdge the massive efloi't and coiitribution to the Charity made by the coaches and by other volunteers who a55iSt wilh tlie adminislratioii aiid catering. Development Plan5 The Charity has, iogether with its18ndlords Hull City Council, renovated and iinproved the Charity's gym during 2021. Th¢ scope of the woi'ks Carried out by both Hull City Council and ihe Charity was foi'nially agreed and the parties have entered into a lease at a pcppercoTn rental for a 25 year period which commenced upon completion olthe reiiovation work in latc 2020. The Charity uses these rrfurbished and improved facilities io both se¢ure and expand ils current work as a boxing gym and to provide fitness and inclusion programYn¢s for other sections of the coininunily iiicluding daytiiiie a¢tivili¢s. Iii oi'd¢i' to facilitate this, tlie I'efui'bishmenl woi'k iiicluded the provision of a lift and facilities to ¢atei. for tliose wilh disabilities and mobility challenges. The gym is currently being used for 16 se55ions e8ch week designed to ineet the the needs of members and also for daytime se55ion5 for a variety of organisations serving vulnerable cliildren and young people and those suffering froiii tnental and other health issues. Page 2
St Paul's Boxing Academy Charitable Incorporated Organisatlon Report of the Trustees for the Period ended 31 March 2024 FINANCIAL REVIEW During the y¢ar th¢ Charity r¢ceived incoiiie of £121,418 and incurred expenditure of £114,827. Total reservcs at 31 March 2024 were £491,980. These included £401,097 of Testricted funds for the redevelopment of the Charitie5 preini5¢s and £90,883 of unrestTi¢led funds used for the day to day running of the club. Investment policy The Charities Slirplus cash reserves are held by its bankei's. Reserves policy The Trustees have exainined the Charity's requirement for resei'ves in light of the main risk of the orLyanisation. Reservcs will be maintained at a level sufficient to cover the expected future levels of committed haritable expenditure. Publle Benetll Confirmation The Trustees confii'm that tlicy liave complied with tlie duty in sectioii 17(5) of the Charities Act 2011 with regai'd to publi¢ benefit guidance published by the Charity Commission. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1182387 Principal Address North Chur¢h Side Hull East York51iire HUI IRP Trustees S M Devereux D C Gan)esS D Pea¢ock R Cawtliorn- Appointed 17110123 A N Horncastle J D Rutlierford N Glaves- Appointed 17110123 Banker5 HSBC 63 Mark¢t Place Beverley HU17 8AL Barclays Octagon Hous¢ Gadbrook Park Nortliwich Cliesl)ire CW9 7RB Page 3
St Paul'$ Boxing Acaderny Choritable Incorpor81ed OrEani$ation Report of the Trustees for the Period ended 31 Mareh 2024 STATEMENT OF TRUSTEES RESPONSIBILITES The Trustee5 are responsible for prepaiing the Report of ihe Trustees and the financial statements in a¢¢ordan¢c wilh applicable law and the United Kingdoin Accounting Standards (Unit¢d Kingdoni Generally Accepted Accoiinting Practice). The law applicable to charities in Eiigland and Wales. the Charites Act 2011 {accounts and Reports) Regiilations 2008 and tlie PTovision of the triisi deed reqiiires the Trustc¢s to prepare financial stateinents for each financial ycar which give a true and fair view of ihe state of affair5 of the charity and of the incoming resources and application of Tesourc¢s includiii8 the incoine and expendstiire, of tlie charity for that period In preparing il)ose financial statement5, tlie irustees are reqiiired to-. select suitable accountii)g polices and ilien apply tlien) consist¢ntly' observe tlie Inethods and principl¢s in the Charity SORP (FRS 1021. make judgenients and estimates that ar¢ reasonable and prudent: state wliether applicablc accountiiig staiidards l)ave been followed, siibjeci to any Inaterial depariures disclosed and explained in the financial slalements; and prepare the financial 5tateinent5 on the going concern basis unless it is inappropriate 10 pre5un)e ihat the cliaTlty will continue in operation. The Trustees ar¢ responsible for keeping proper accounting recoi.ds whi¢h disclose wilh reasonable accuracy at Ai)y time the financi31 position of tlie Cliarity and to ei)able tl)ein to ensure thai the financial statements Colmply with the Cl)ariti¢s Aci 2011, tlie Charity {Ac¢ounts and Report5) Regulations 2008 and tlie pi'ovisions of the trllst deed. They ar¢ also responsible for safeguarding the assels of tlie Charity and lience taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by the board of irustee5 on. * I 20 l*..and signed on its behalf by.. uth Page 4
Independent Examiners Report lo thc Trustees of St Paul's Boxing Academy Cliaritablc Incorporated Organisation for the Period cndcd 31 March 2024 Independent cxamlners report to the trustccs of St Paul's Boxing A¢adomy Charitable Incorporated Organisalion l Teport to thc trustees on niy exaniination of the accounts of St Paul's Boxing A¢2deiny Charitable Incorporated Organisation (the charity) for the period ended 31 March 2024. Responsibilities and basis of report As the chai'ity's ti'ustees of the Trust yoii al'e responsible for th¢ preparation of the accounts in in accordance with the requirement5 of the Cliarities Act 2011 ('the 2011 Act,). I report in respect of my examination of the Trustees. accounts carried out undcr section 145 of the 2011 Act aiid in cai'iying out my exaniiiiaiion I have followed all thc opplicable Dii'ections giveii by the Charity Coinmission under section 145(5)(b) of the 201 l Act. Independent examiner's statCTE]ent I have cotnpleted my examination. I confirm that no Tnaterial matters have come io my attention in connection with the examination giving nie cause to believe that in any material Tespect.. l. accounting records wei'e not kept in re5P¢Ct of the Charity as required by sectioii 130 of the Act ' or 2. the ac¢ouiits do not accord with those records; or 3. Éhe accounts do not comply with the applicable i'equirenienls concerniiig the foi'in and content of accounts set out in the Chariti¢s (Ac¢ount5 and Reports} Regulation 2008 other than any reqiiirement that the a¢¢ounts give a"tTue and fair view" which is not a mattel. considered as part an independent examination. I have iio concern5 and have conie acros5 110 other nialters iii coiineciion with the exainiiiation lo which attention sliould be drawn in this rcport in order to enable PToper ulidetallding of the accounis to be reached. Andrew Eiwart- F.C.A. F.C.C.A. Try Lunn & Co Chartered Accountanls Roland House Princes Dock Street Hull HUI 2LD Date.. Page 5
Si Paul's Boxing Academy Chxritable IncorTated Organisation Statement of FiiianciRI A¢tivitie5 for tho Period CDded 31 March 2024 1024 Total funds 2023 Total funds Restric¢¢d runds Unrtstricted funds INCOMING RESOURCES Donations M¢mbersliips Fundraising 72,909 38,059 10.450 72.9Q9 38,059 10.450 58,039 40.458 11,577 TotAI 121.418 121,418 110.074 EXPENDITURE ON Charitable a¢tivitie$ 18.562 96.264 114,827 91.876 NET INCOME {18,562) 25.154 6.591 18,198 RECONCILIATION OF FUNDS Total funds brought forwaTd 419,659 65.729 485,388 467.190 TOTAL FUNDS CARRIED FORWARD 401,097 90,883 491,980 485 J88 CONTINUING OPERATIONS All income and expenditure ha5 arisen froi)) contii)uiiig activili¢S. Page 6
St Paul'5 Boxing Academy ChAritable Incorporated Org#nlsatioii Statement of Assets #nd LiabÉlill¢$ for the Period ended 31 March 2024 2024 Total funds 2023 Total funds Restri¢ttd funils Unr¢stricted runds Notos FIXED ASSETS Tangible assets 4Q1,097 401,Q97 419.659 CURRENT ASSETS Cash at bank Debtors 90,883 90,883 65,729 90.883 90,883 65,729 CURRENT LIABILITIES Creditors NET ASSETS 401,097 90,883 491,980 485 J87 FUNDS Unrcstricted funds R¢5tricted fund5 90,883 90.883 65.729 401,097 419,6S9 401.097 TOTAL FUNDS 401,097 90,883 491,980 485,387 Tl)e finaiicial staiemeiils were appi'oved by the Board of Trustees on..... were signed on it's belialf by.. and Rut Page 7
St Paul's Boxing Academy Charitable In¢orporatcd Organisation Notes to the financial stat¢ments for the Period ended 31 M4r¢h 2024 I ACCOUNTING POLICIES Basis of prcparing the financial $tatemcDt5 The financial siatements of tlie cliarsty, wliicli is a public benefit entiiy under FRS 102, have been pi"epared in accordance ivith tlie Cliarities SORP (FRS 102) 'Accounting and Reporting by Charities.. Statei))ent of Reconimended Practice applicable to charit1¢5 preparing tlieir accounts in accordance with the Financial Repoi'tin&? Standai.d applicable in the UK and Republic of Irelaiid (FRS 102) (effective l Januai'y 2019)., finaiicial Reporiiiig Standard 102 The Financial Reporting Staiidai"d applicable in tlie UK and Republic of Ireland, aiid the Charities Act 2011. Tlie Financial statements have been prepared under the historical Cost convention. Income All income is recognised in the statement of Financial Activitie5 once the charity has entitlement to the funds, it is probable that the income ivill be received and the amount can be measured reliably. Expenditurt Liabilities are recogni5ed as expenditure as soon a5 there is legal or constructive obligation committing the Charity to that expenditure, it is probable tliai a transfer of econoinic benefits will be required in seltleni¢nt and the ainount of the oblioatioii Can be iiieasured reliably. Expenditure is ac¢ounted for on an accruals basis and has been classified under headings that aggregate all cost i'elate to that catcgory. Where cost5 cannot be directly aiiribuled to particular lieadings that hav¢ been allocated lo activities on a bi( sis consistent with the use of resouree5. Tangible fixed assets Depi'eciatioii is provided at the following annual I'ates in ordei. to write off each asset over its estiinated useful life.. Improvements to leasehold property - 40/0 on ¢osl Taxation The Charity is ¢xempt from tax on its charitable activities. Fund Accounting Unrestricted funds can be used in accordance with the cliaritable objectives al the discretion of the trustees. R¢stTlCted funds can only be used for particular purposes within the objects of the charity. Resirictions arise when specified by the donor or when the fiinds are raised for particular restricted piirposes. Furtlier explanation of the nature and purpose of cach fund is included in the noles to the financial statements. Page 8
St Paul's Boxing Academy Charit#ble Incorporat¢d Organis#tion Trlotes lo the financial statements for thc Period ended 31 Mareb 2024 2 TRUSTEES REMUNERATION AND BENEFtTS There wcre no Iriistcc's reiniineration. expenses or oiher benefits paid in the year ended 31 March 2024 1101 for the year elided 31 Marcl) 2023. 3 TANGIBLE FIXED ASSETS Improvement leasehold lo property COST At l April 2023 Additions Disposals At 31 March 2024 464.056 464,056 DEPRECIATION At l April ?023 Charge for tlie year At 31 Mai'ch 2024 44,397 18.562 62,959 NET BOOK VALUE At 31 Marcli 2024 401,097 At 31 March 2023 419,659 4 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Other debtors 5 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Oih¢r creditors Page 9
St Paul's Boxing Academy Charitablc Incorporated Organisation Notes to the finon¢lo1 statemenls for the Period ended 31 March 2024 6 MOVEMEIYT IN FUNDS Net movement in funds Al 1.4.23 Al 31.3.24 Unrestricted funds General fund 65.729 25.154 90.883 Restricted funds Development fund 419,659 (18.562) 401,097 Total funds 485,388 6,591 491.980 Net movement in funds. included in the above aTe as follows Nel Incoming Outgoing movement resources resources in funds Unre5tri¢ted funds General fuiid 121,418 (96,264) 25.154 R¢stricted funds Development fund {18,562) (18.562) 121,418 (114.827) 6,591 The General fund is used to meet the day to day Tunning costs of tlie club. The development fund is made up of funds that have been received and specifically allocated for tlie redevelopinent ot tlie Charity's premises. Page 10
St Pgul'5 Boxing AeAdemy ChAritAble IncorporAted Orgaiiisatlon Period endinÉ 31 March 2024 D¢tailed Statcment of Fingn¢iAI Activities 31 March 31 MArch 2024 2023 Incoming resourcc5 Doiiation5. 8rants & sponsorship- oilier Meinbersliip fees Boxino dinner Competitioiis, shows & fkindraisin8 69,361 38,059 10,450 3.549 46.873 40.458 11,577 11,166 121,418 110,074 Outgoing re$tsurce5 Salaries Membership admtnistration costs Yorkshire ABA medicals. licence5 & pernJit5 Teleplioiie Rates and water Sulidry exptiises Repairs and renewals Purchase of equipment Heat & light Training CleanLng Travelling expenses Minibus costs Insuiaiice A¢¢ountancy fees Bank cliarge$ Depreciation- iinpTovenients tts property 37,515 8.204 527 1,826 132 1,501 2,811 31.609 10,090 350 1.680 1,089 2.126 324 7.641 3,840 7,986 813 13,708 2.259 .512 ,333 13.594 2,207 1,092 1.043 18.562 114,827 2.336 360 1.219 18,562 91,876 Net incomingl(outgoiNgJ r¢$ource5 6.591 18,198 Page I I