**REGISTERED CHARITY NUMBER: 1183028** # **REPORT OF THE TRUSTEES AND FINANCIAL STATEMENT FOR THE YEAR ENDED 31 MARCH 2024** ## **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** 1 ## **Trustees as at 31[st ] March 2024.** 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: - Robert Lea Mountford (Appointed April 2019 with commencement of Charity Registration) - Simon Walker (Appointed April 2019 with commencement of Charity Registration) - Nathan Robson (Appointed April 2019 with commencement of Charity Registration) Other key positions: - Ewan Eyre: Treasurer - Rachel Mountford: Safeguarding Officer - Victoria Farrar: Secretary - Peter Mellor: Technology Support - Richard Stretch: Instructor - Amy Mountford: Instructor - Ewan Eyre: Instructor ## **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. 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** 2 In the last 12 months membership has steadily increased back to pre pandemic levels which can be evidenced by the increase in the subscription contributions being received. External funding has been achieved from Ladbrokes Coral Trust as part of their Women in Sports funds and Leek Building Society Charitable Foundation. The additional funding received from those grants has been invested into additional and replacement equipment within the facility enhancing the members experience with NSK. Subscription prices were reduced post the pandemic and have remained lower than previously to encourage new members, membership was free to all in December 2023. The club has continued to compete in competitions at both regional and national level and envisage greater involvement in these as newer members become competition ready. ## **The Future of NSK** - Continuing to raise money through donations, grants and events. - Improve financial resilience. - Evaluate bigger premises to accommodate ever increasing membership. - Strengthen Community Links. - Refresh all Instructors and senior belted members in Sports Injury First Aid. ## **Changes to Key Persons/Roles within NSK: Effective June 2024** The Trustees held their AGM on 7[th] June 2024, with key stakeholder’s present. During this meeting the Annual Accounts as presented in this report and key positions and Trustees positions voted upon. The following changes have come into effect from the date of the AGM; ## Standing Down - Chair of the Trustee’s Robert Lea Mountford, has stood down from the position of Trustee and will remain as an Instructor for NSK. - Victoria Farrar has stood down from the Secretary position for NSK. - Amy Mountford has stood down from the position of Instructor. - Rachel Mountford has stood down from the position of Safeguarding Officer. - Technology Support position was agreed as no longer required. ## Replacement Arrangements - Peter Mellor will take on the vacant Trustee position and also that of Secretary as approved by the Trustees. - Aimee Walker will take on the vacant Safeguarding Officer position. Note that these changes do not affect the constitutional arrangements of NSK. ## **3. ACCOUNTS FOR THE PERIOD ENDING 31[st] MARCH 2024** 3 North Stattordshlre Klckboxlng Char Nurnber.. 1183028 Table I: Statement of Flnanclal Artlvltles Forthe perlod IstAprS12023 to 31st March 2024 Unrestricted Endowment Total Funds Funds 2023124 Restricted Funds Intome and EfidowmÈnts Ftom- Income from Subscriptions Iricome from Donations Income from Grants Total Recelpts 12,785.76 12.785.76 3,DD4.65 15,790.41 3,004.65 15,790.41 Expendure on- Renr & Rates Insurances Software Equipment GradinglBelt5 Clothin8 Total Expendrture (6,6LXJ.￿l 11,547.161 170.001 13,230.571 1154.701 12.865.931 114,468.361 16,6LK).001 11.547.161 170.CMII 13.230.571 IIS4.701 12,865.931 14.468.36 SurplusllDeficltl 1,322.D5 1,322.05 Reconcllllatlon ol Funds.. Tot81 Funds Brought Forward Totsi Funds Carried Forward 2,747.89 4,069.94 1.322.05 2.747.89 4,069.94 1,322.05 Ref Total Funds Prior Year Funds Fixed As5et5 Tangible Assets Current Assets Cash at and in hand 4,069.94 2.747.89 Llabllltles Cred5tors '. Amounts falling due wlthln one year Net Current Assets or Liabilities 4,069.94 2,747.89 Ref Total Funds Prior Year Funds Table 3 . Statement of cashflow Net cash provided by (used in) operating artlvitles Cash at the beginning of the reporting period Cash at the end of the reporting period Table 4 1,322.05 2.747.89 4.069.94 1774.301 3,522.19 2,747.89 Table 4: Reconcilliation of net income float from o eratl actlvlties ex nditure to net cash Current Year Prioi Year Net income I lexpenditurel for the reporting period Net Cash provided by (used inl operatln8 art4Vities 1,322.05 1,322.05 1774.301 {774.301 ## **Income** During the year, income of £12,785.76 received, this was obtained through Member Subscriptions During the year, a grant was issued of £548.67. This was obtained from Ladbrokes Coral Trust as part of their Women in Sports funds and was used to purchase equipment for use within the gym. During the year, a grant was issued of £2455.98. This was obtained from Leek Building Society Charitable Foundation and was used to purchase equipment for use within the gym. ## **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 risks 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 and Annual Report as presented on 7[th] June 2024. ## **Signed by the Chair of the Trustees** ## **Mr Robert Lea Mountford Dated: 7[th] June 2024** 5