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2023-04-01-accounts

REGISTERED CHARITY NUMBER: 1183028

REPORT OF THE TRUSTEES AND FINANCIAL STATEMENT FOR THE YEAR ENDED 31 MARCH 2023

For

NORTH STAFFORDSHIRE KICKBOXING

CONTENTS

1. LEGAL AND ADMINISTRATIVE INFORMATION 2
2. TRUSTEES’ REPORT 2-3
3. ACCOUNTS FOR THE YEAR ENDING 31 MARCH 2023 4-5

1. LEGAL AND ADMINISTRATIVE INFORMATION

Trustees as at 31[st ] March 2023.

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Robert Lea Mountford Simon Walker Nathan Robson

Registered Office

Unit 22 First Floor (Old Court 5) Fenton Old Town Hall 1 Gimson Street Stoke-on-Trent ST4 3BX

Bankers

Lloyds Bank PO Box 1000 Andover BX1 1LT

2. TRUSTEES REPORT

The Trustees serving during the year were:

Other key positions:

Objectives and activities for the public benefit

North Staffordshire Kickboxing (‘the charity’) exists to fund Kickboxing tuition in North Staffordshire. The Charity was registered with the Charities Commission in April 2019.

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The charity’s objects are:

‘To promote community participation in healthy recreation for the public benefit of the inhabitants of North Staffordshire, without distinction of age, sex, sexual orientation, race or of political, religious or other opinions by the provision of facilities for kickboxing.’

Achievements

Since being established membership stays at a consistent level, although subscriptions were not taken when NSK was closed due to the pandemic. However external funding as achieved from Sports England, in the absence of member subscriptions has ensured that NSK remained open once the pandemic had ended.

Subscription prices were reduced post the pandemic and have remained lower than previously to encourage new members membership was free to all members in December 2022. The club has started to compete again in competitions at both regional and national level and envisage greater involvement in these in FY 2023/24 as

The Future of NSK

3. Accounts for the period ending 31 March 2023

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i#W1022to 51stm￿h1O21 Total 2022123 9JIS.71 9.11&71 P4nt&P V444 r&74 1 1366.9 11144.451 11)44 4$1 x).0 Tot F¢rt5 &T+J4MFrrn 2747 89 2747 89 774. T(knl FLmd5 PrK)rYear knd5 2.. B&ka Fr￿ed A￿ti5 T￿ltIe Assets CLftemA55ets ha1 bank in 1747S9 3.522.19 LNIbl￿t5 Cre(knors." AJNrtJnTsfèilli dut y￿h1n one Net Cur[entA95￿sOr Li&tiiliiie5 1747.89 3.52119 Trt•l Jssetsie55 cwreni li&blrDes 174749 8.52119 Tl futvjsof the iknresrtKted Ir￿orne Furw 2.747_89 3.522.19 2,74749 6J5455

Income

Investment Policy

The current policy is to hold cash in the Lloyds account where it is easily accessible, recognising it only attracts a low rate of return. In the current investment environment of low interest rates it is unlikely that a much better rate can be found from other savings accounts. However, as the charity accumulates cash reserves it will investigate the opportunities to invest in other, more long term investment vehicles, to get better returns so long as this leaves sufficient usable cash for charitable grant purposes.

This policy will be reviewed annually.

Risk Review

The Board of Trustee recognises the importance of conducting a risk review to ensure mitigation against a number of key risk including, funding provision and reputation.

Statement of Trustees’ responsibilities

Through the Governing document, Trustees recognise their responsibilities in support of the Charity.

Trustee interest

No serving Trustee has any interest in the Charity’s contracts. It is proposed that the Trustees approve these accounts 6[th] January 2024.

Signed by the Chair of the Trustees

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Mr Robert Lea Mountford Dated: 12[th] January 2024

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