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 pU￿uanee 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 ulide￿tallding 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 Incor￿Tated 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