COMPAi¥IIES HOUSE NUMBER: CE1116765 REGISTERED CHARITY NUMBER: 1182387 llert ofthe trnstees and udI1ea Fin8lltial Statements for the Period Ended 31 March 202$ for St Paul's Boxlng Afidemy Charltable Ineoryor4ted Organis¥tion
St Paul's Boxing Academy Charitable lttcorporated Org#nisation Contents of the Financial Statements for the Period ended 31 March 2025 Page Report of tjie Trustees Independ¢ntExaminerfs Report Statement of Financial Activities ststemeiit of Assets and Liabilities Notes to the Financial Statements 8-10
st Paulls Boxing Ac&demy Charltgble In¢orporAted Oryanisation Report of the Tru5tee5 for th¢ Period exded 31 March 2025 The Tfttees present their report with the financial staterN¢nts of the Charity for the perÉod ended 31 March 2025..The Ttustees have adopt¢d tFL¢ provisions of Accounting and Reporting by Charities.. Stst¢ment of Recommend¢d Practice applicable to chaTiues preperingih¢ir accounts in accordance with the Financial Reporting Standard applicable ip th¢ UK and Republic of Ireland (FRS 102) (effective l January 2019). CONSTITUTION . The chttrity was created on 8 Merch 2019 ort which date its constitution was approved by the Charities CommissjLin. The Charity had 6 Founding Trustees. The previous community organisation called St Paul's Boxing Academy passed a sp¢cial resoluuon transferring all of its activities and as5¢ts at that date 10 the new organisalion. ORIECTIVES Af4D ACTTVITIES Our Charity's pukpose a5 sel out in the objects contained in the Charity'5 Constitution and include.. The l¥omotion of community participation in healthy recreation by th¢ provision of facilities for amateur E(Ixing' The promotion of 8ood health for the public benefit including working with local health professionals and local groups and in providing guidance on health r¢lated matters such as di¥l, exerrise and drug avoidan¢e" and To promote social incliision for the public b¢n¢fit by preventing people from becoming socialty excluded, relieving the needs of those p¢ople who aTe socially excluded and assisting thern to inteale into society by providing such physical or social acuvlties that the trUStee5 d¢¢m approwiat¢. STRUCTURE. GOVERNANCE AND MANAGEMEP4T Governing document The organisation is a Charitable IncorN)rated Organisation (CIO) in¢orpor8ted on 8 March 2019 and registered as a chariry on that dats. The Charity was established under the Gonstitution which establishes the obj¢¢ts and powers of the Charity- Recruitment and appointrnent of Trustees The Trustees are Chariry Trustees for th¢ puwose of Charity Law and givr theirtime volun(orily and rcreive no bsnefjts form the Charity. Induction and tralnlng of new tru5t¢e8 All nEwly appointed iru5tees ar¢ provided with induction training in 8¢wrdan¢e with induc¢ion guideline5.
St P?ul'3 Boxtng Academy ChAritable Incorpornted Organisitio Report uf the Trustees for the Period ended 31 March 2025 Organisational Stru£ture The TnLStees me¢t on a quarterly basis and tnanage the strdtegic direction and govemance of ihe Charity. IT)dividual trustees meet wilh the Head cOh and volunteers between tTtLstees' me¢lings n¢cessary to ensure the efficient Tunning and development of the Academy. Seope of activltl Th¢ Charity offers activities and facilities for all ag¢s, the youngest cuffent member is 4 years old and the oldest is 84 yews old. Training programmes are designed for those wishing to box compelitiv¢ly and those se¢kit]8 to improve pet50nal fitne55 and health including w¢ight weight management and physical and mental well-being. The Charity is open six days a week and has approximately 500 regular merntrKr5. The Charity touches lives of over 2.000 individuais over the course of a year through its gym b&ged and outreach community activities. Volunteers In puisuance of ils charitable objectives. the Ch&rity has a number of qualified and experienced coaches who volunteer to WQTk with the m¢Tnbers for no remuneration. The Trustees wish to acknowledge the massive effort and contribution to the Charity made by the ctsaches and by other volunteers who assist with the admini5tr&tion and caterin& Development PlaDS The gym was exknsively renovated and improved in 2021 with the help and support of many Ial businesses and indiYidu&ls alongsid¢ the Hull City Council. The Charhty a lease in place with Hull City Council at a peppercorn rent for a 25 y¢ar period which commenced upon eompletion of the renovation works. The charity makes the gym available for other l(Kal ehariiies and community organisations that align with the obje¢iive of St Paul's Boxing Academy. Of primary importance is a group of Parkin50n'5 Disease sufferers for whom St Paul's puts on iraining sesSiOll5 to aid their physical and metLtsI well-being. The Charity uses th¢ refu¥bish¢d and improv¢d facilitie5 to both secure and expand its current work as a boxing 8ym and to provide fitnt5s and inclusion programme5 for other secÉion5 of the comtnunity including daytime activities. In order to facilitate this. the refvrbishment work included Ihe provision of a lift and facilities to cater for those with disabilities and mobility ¢hallenges. The gym is cllrrEntly being used for 16 sessions each week designed to meet the needs of members and also for daytime sessions for a variety of organisaiion5 serving volnerable ¢hildren and young people and those suffering from mcnral and other health issues. Page 2
St Paul's Boxlng Aeidemy Charftsble Incorporated Organtmtknn Report of the Trnstees for the Period ended 31 March 2025 FINANCIAL REVIEW During the year the Charity received income of £103.635 and incurred exp¢nditure of £107.845. Total reserves at 31 March 2025 were £487,770. Thes¢ included £382,535 of restricted funlts for the redev¢lopment of the Charities prerni5¢s and £105.235 of unrestricted funds us¢d for the day to day running of the club. Investment policy The Charities sutplus cash rrVeS are held by its banker5. ReseTYe5 policy The Trnstees have examined the Charity'5 requirement for reserves in ligh¢ of the main risk of the organisation. Re5erve5 will be maintsin¢d at a level sufficient Éo cover the expected fijture levels Df committed eharitsble expenditur¢. Publi¢ Benefit Confirmatio The Tru51ees confirm that ihey have complied with the duty in section 17(5) of the Charities Act 2011 with regard to pllblic berlefit guidanee published by the Charity Commission. REFERENCE AND ADMINISTRATIVE DETASLS Registered Charity Dutnber 1182387 Principal Address North Church Side Hull East Yorkthire HUI IRP Trusteey S M Devereux D C Garness D Peacock R Ctwthorn T Cawthorn- Appointed 14101125 A N Horncastle J D Rutherford N Glav25 C Lwis- Appointed 1 $110124 Battkers HSBC 63 Market Place Beverley HU17 8AL BlayS Octsgon House Gadbrook Park NoTthwich Cheshire CW9 7RB Page 3
St Paul's Boxing Acgdemy Charitable IncorporHted Organisation RepoTt of the Trustee5 . for the P¢riod ended 31 Mairch 2025 STATEl¥fEf4T OF TRUSTEES RESPONSIBILITES The Trustccs are responsiblt for pr¢paring the R6POrt of the Trust¢es and the financial 5tttements in a¢¢ordancc with applicable law and the United Kingdom Accounlivg Standards (United Kingdom G¢Derally A¢c¢p(ed A¢counting PractLC¢). The lèw applicable to chariries in England and WalE5. the Charites A¢t 2011 (accounts and Reports) Regulations 2008 and ihe provi%ion of tht frust deed requir¢5 th¢ Trustees to preparc fjnancial statem¢Dts for each finèncial year which give a true and fair view of the stste of affairs of the charity and of the incoming resources and application of resourc& including the incom¢ and expenditure, of the charity for that periDd. In pi¥paring those financial statemcrtts, the trustees are rcquired to=
elect suitable accounting police5 and theTL apply them consistently.
ob5¢Tve the methDds aod principle5 in the Charity SORP-. make judg¢ments and estimates that are reasonable and prud¢nt' prepai¢ the financial stat¢men(s on the going concern basis unless it LS in&ppropriar¢ to presum¢ thal th¢ charity will continue in operation. The Trustees are respon5ibl¢ for keepin8 proper ac¢oun(inv rOrdS which disclose with reasonable accuracy at any titne the financial POSLtion of the Charity aod to enable them to Ensure that the fiDanci?I statements comply with the Charities Act2011. the Charity (Accounts and Reports) Regulations 2008 and the provisions of ihe trust de¢d. They are also responsible for Safeguarding the assets of th¢ Charity and hence taking r¢a50Dable steps for the prevention and detection of fraud and othEr irregularities. ApprovEd by the knard of trustees on.. and signed on Its behalf by. D Gamess Page 4
Independcnt ExamlneTS Report to the Trustees of St Paul's Boxing Aderny Charitable Incorporated Organi5Jtion for the Period ended 31 March 2025 Independent ¢xamlners report to the trn$ttts of St Paul's Boxing Ac8demy Charitable llleorporated Organisatlon F report to the trustees on my ¢xamination of th¢ accounts of St Paul's Boxing Acaderny Charitabl¢ IncoTrorated Organi5ation (th¢ chariry) for the period ended 31 March 2025. Responsibilities and basis ol report As the charity's Irustres of the Trust you ar¢ responsible f(K the preparation of the &ccounts ITJ accordance with the requirements of the Charlties Ad 2011 Cthe 2011 Acr) l report in respect of my examination of the TnLSte¢s' accounts carried out under section 145 of the 2011 Act and in ¢arrying out my examination J have followed all the applicable Directions given by the Chairty Commission under sectiOTJ 145{5)(b) of rhe 2011 Act. Independent examlner's statemen¢ I have completed my examination. I confirm that no material matters have tome to my attention in connection with the examination giving me cause to believ¢ that in any material respe¢t.. l. a¢counting records w¢re not kept in respect of the Charity as required by section 130 of the Act. or 2. the accounts do not accord wilh those records,. or 3. the accounts do not cornply with the applicable requirements coneemin8 the form and content of accounts sel Out in the Ch2ritie5 (Accounts and Report5) Regulation 2008 other than any requirement that th¢ COUnt5 give a'true and fair view which is not a matt¢r considered as part of an ind¢pendent examination. I have no concerns and have come acros5 no other matter5 in comi¢ction with the examirjation to whirh attention Should be drawn in this report in order to enable proper understanding of the ac¢ounts to be reached. Andrew Ewart- F.C.A. F.C.CA. Try Lurm & Co Chartered Accountants Roland House Princes Dock Street Hull HUI 2LD Ibic Date". Pag¢ 5
St Paulls BoxlD% Academy Charltsble Vntorporated Orggnisgtioh Statement of Fln*ntial Attlvltles forthe Period ended 31 MArdL 2025 202S Total fuDd5 2024 Tgtsl futtds Rtstricted fund5 (7nrutrAtted full5 114COMING RESOURCES Donaiion5 embcr5hips Fundrai5iThg Retttsl Income - 42,124 45,068 l6,1)43 400 42,124 45,068 16.043 4(10 71909 38,059 10.450 Totsl I03,635 103.635 121.418 EXPENDITURE ON Chirltable actlvitles 18.562 89.283 107,845 114,828 NET INCOME 118,562) 14J52 14.210) 6.590 RECONCILJATION OF FUNDS TotRI funds broughi forward 401.097 90.663 491.980 485.390 TOTAL FUNDS CARRIED FORWARD 382,535 IOS235 487,770 491,980 CONTINUING OPEIL4TIONS All incorne Nnd expcnditUTe has ari5cn Irom continuing activities. Page 6
StPAul's Bosing A¢&d*my ChAtritabl¢ IncDTporated OryanitIo Stotemtnt of A55et$ #Dd Llibllttl forthe Period etsded 31 Morch 2025 2025 Total 2024 Total nd$ Restrlcted fuDds UnTeStricttd funds Note5 FIXED ASSETS Tangible assets 381535 382.535 401,097 cirRREPfT ASSETS Cash at bank Debtors 105.546 4.172 105.546 4.172 ,883 109.718 109,718 90.883 CURRENT LJABILITIES Creditors 4,483 4.483 NET ASSETS 382,535 105.235 487,770 491.980 Unr¢5tri¢ied funds Restrict¢d funds 105.235 105235 382,535 90.883 401.097 382,535 TOTAL FUNDS 382,535 105.235 487.770 491980 2!-1-. 202 The tinancial statcments wcr¢ approved by the Board ot'Trusic¢5 Qll........ werc signed Dn ivs bchalf by= D Garnes$ Pa8e 7
St Paul's Brjxlng A¢gdemy Charitable TncorporateA OrJo nisation Notes to the financial slat¢ment5 for the Period ended 31 March 2025 l AccouNfiNG POLICIES Ba515 of preparing the fina¢1*1 ststements The financial statements of the charity. which 15 a public benefii entity Under FRS 102. have been prepared in accordance with the Charitie5 SORP IFRS 102)'A¢counting and RetK>rting by chariti= Statement of Recommended Practice applicable to charitie5 w¢paring their acoounts in accordance with the Financial Reporting StandaTd applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019),. Financial Reporting Standard 102 The Fin&n¢ial Reporting Standard applicable in the UK and Republic of Ireland, and th¢ Charities Act 2011. The Financial statements have been prepared under the historical cost convention. Income All income is recogni5ed in the statemeT]t of Financial Activitie5 once the charity ha5 entitlement to the fi]nds. it is probable that the income will be received and ih¢ 8mount con be tneasured reliably. Expendlture Liabilities are recognised a5 expenditure as soon as there is legal or constructive obligation committing th¢ charity to that expenditure, it is probable that a transfer of economic benefits will required in scttl¢ment and the amount of the obligation can be measured reliably. Expenditure i5 accounted for on an accruals basis and has been classified under headings that aggregate all c05t relate to that category. Where costs cannot be directly attributed t particular h¢adings that have been allocated to &iVitIeS on a b2555 consisterlt with the use of resources. Tangible fixed assets Depreciatiorl is provided at the following annual rate5 in order 10 writ¢ off each asset oveT its estimated us¢fv1 life.. Improvem¢nts to leasehold property- 40A on ¢05t Taxgtion The Charity is exernpt from tax on its charitable activities. Fund Accoukntlhg Unrestricted funds can be used in accordance with the charitable objectives at the discretiOD of the trustee5. Restricted funds can only be used for particular purposes within the objects of rhe charity. Restriction5 arise when specified by the donor or when the fvnds are raised for particular restricted purposes. Further explanation of the nature and purpose Df each fvnd is inc5uded in the notes to the flnancial statements. Pa8e 8
St Piul'$ Boxing Ac#d¢my CILaritablt Inrorpor8ted Org9ni5a¢io Notes to the finaMci¥l statements for tht Period ended 31 March 2025 I TRUSTEES REMUNERATION AND BENEFITS Ther¢ were no tTU5tct'5 remuneration, expensc5 OT Dttler benefits paid in theyear Ended 31 Mah 2025 nor for theyear end¢d 31 March 2024. 3 TANGIBLE FIXED. ASSETS Impiovemcnts l¢a8ehold io prop COST At l April 2024 Addititsns DispoSS At 31 Mar¢h 2025 464.056 464,056 DEPRECIATION At l April 2D24 Charge for theycar At 31 March 2025 62.959 18.562 81.521 NET BOOK VALUE At 31 March 2025 381535 At31 Marth 2024 401,097 4 DEBTOILS: AMOUNTS FALLING DUE WITHIN of4E YEAR 2025 2024 TTadr debtors Other debtor5 1700 1,472 4,172 5 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Trade ¢redIrS Other creditor5 3.856 627 4,483 Page 9
St Paul's Bosing Academy Charltable lllcorporated OrganisatloTh Notes to the financial Statements for the Perlod ended 31 Marcb 1025 6 MOVEMENf IN FUNDS Net moverneni At 1.4.24 in funds AÉ 31.3.25 UnTestrl¢ted ThTmds General fund 90.883 14.352 105.235 Restricted funds Dev¢lopment fijnd 401.097 (18.562) 38LS35 Total funds 491.980 4.210) 487,770 Net movement in funds, included in th¢ above are as follows Incotning Outgoing movernent resource5 resourees in funds Unrestrleted fund$ Gerleral fund 103,635 (89.283) 14.352 Restricted funds Development fvnd (18,562) (18.562) 103,635 (107,845) (4,210) The General fund is ud to meet the day to day rurming costs of the club. The development fund 15 Tnade up Df funds that have been received and 5rKcifi¢ally allocated for the redevelopment of the Charity's premise5. Page 10