Holmes Chapel Boxing Foundation Report and Accounts 30 June 2021 Reglstered Charity Number: 1189313
Holmes Chapel Boxing Foundation Register•d charTrty number 1189313 Year Ending 30 Jun* 2021 Trustees. Report The Trustees of Holmes Chapel Boxing FoutKlation. reted M 4 May 2020 as • ao. present their annual report and accounting statements forthe period Ènding 30June 2021. Registernd Office: Unit 9A- 10 Station Yard Trading Estate Holmes Chapel Cheshi CW4 SAA Obledlves: The objectlves ofthe charity arethe promotlon ofcommunity participat kn heathy recreatkjn and the advancement of the amateur sport of boxing withln thè c¢)mmunlty of Holmes Chapel and Che5hlre East for the publlc benefft by the provision of facilitles for participation in the Sport of boxing. Trustees: Martin Cummlns Alistair Barton Susan Dando Paul Edwards (Chairl Tracey Goodwin (TreaSUrI Vlctorfa Howarth Stephen Rawllnson James Aice 07-Apr-20 07-Apr-20 27-Nov-20 07.Apr.20 07-Apr-20 07-Apr-20 20-Jan-21 07-Apr-20 07-Aw-20 24-Jun-21 Foundthg trLF5tee5 were appointed based on thelr skill set and errthuslasm farthe roje. New trustees are Interviewed by the Chair of tru5tee5 before appoirrtmenL The trustees are coathes. parents, members of the ¢lub and interested members of the community. Trustees are advised to read information available from the Charlty CommlsSon to understsnd the roles and responsibilities of being a tnjstee. They are responsible forthè safe management of the foundation finances ensuring problty, value for money and safeguaring of monies. The club, mn byvolunteer coathes, is the opÈr3ting ann of the Charity. Trustees are reposnsible for ra¢sing funds via fundraising attivities and grant applications. Independent &Yamlner. Mrs X Comb MRCVS 10 Blackberry Gardens Goostrey, Cheshire, CW4 8FU Bankers: HSBC Bank 19 Princess Street Knutsford. Cheshire. WA16 6BZ Page I
Revlew ofthe year. HCBF hod the aMbOn of opening a larger gym in a rn0 centrdl lttation. Late in 2020 a new site was located and a long lease was granted on a unf( in Holmes Chapel. Work tomrnennced in earjy 2021 to refrt the unitto create a spa¢ious. modem gym whith wll enable the foundation to achieve its obiectNe5. The Eym was completed by May 2021 and offers accomodation for the amateur boxing dub, ¢ommunity boxlng tlasses and bespoke classes for local organisations to help wrth mental health and wellbeing. It aL%o offers Spa forfuture developments in supporttng teaching ¢yJtside the dassroom. Reserves Pollcr. The foundatron does not have a reserves poliry. Any reseNes are forthe enhancement of the dub and rfs members and reserves spend is declded by the trustees afterdiscussion with the dub re8ardinB thelr priorities for the year. Responstbilltles of the Trustee&" The Charity's trustees are responsible fortheTrustees Annual Report and the financial ststements in accordance wrth applicable law and United Kln8dom Accounting Standards (United knn8dom Generally Accepted Accountin8 Pracdcel. The Law appllcable to charitles In Et)8land and Wales requires the tnjstees to prepare flnanclal statements for each flnancoal year whl¢h 8Ne a true and tsir eW of the ststement of affalrs of the ¢haTtty and of the Incoming resources and appllcatlon of charltyforthat perlod. In preparlng these financlal ststements, the truste are required to: - select suttsble accounting polldes and then appty them Corsten, - observe the methods and prinaples in the Charities SORP: - makeSud8ements and estimates that are asortables and pnjdent: - state whether appllcable accounting Slandards have been followed. subj'ect to any material departures dis¢losed and explained in the financial statements: - prepare the financial ststements on thegoin8 concem basis unless It Is InapproateS to presume that the charity will contlnue in operation. The tnjstees are responsible for keeping proper accounting records that disctose wtth reasonable accurdcy at any time the fiftaA¢ial position of the charity arKt enable them to ensure that the finanaal statements compty with the Charfties Act 2011. The trustees are also responslbilè for safeguardln8 the assets of the charlty and hetKe fortaklng reasona stepsforthe prevention and detectlon of fraud and irre8ularltles. The trustees are 5atlsfied that the Charity Is entitled to exemption from the requirement to obtarn an audjt under sectlon 144121 of the Charltles Art (the 2011 Artl and that an independent examinatlon ts needed. Approved bythe board of Trustees and 5U8ned on its behajf by: Mr Paul Edwards Chair of Trustees Page 2
Holmos Chapel Boxing Foundation R8g1St8r eharÈty number 1189313 Year Endlng Recelpts and Payments accounts 2021 Vnre5trfcted nd5 Recelpts Income from aub artivities Income from Foundatlon activrt Sale of Consumables Covld-19 Grant Donations Fundraisin8 aCtNitles Loan Capital 44.(#J2.15 148. 199.11) 19.370.43 26,932.49 1.627.C(I i0.c.cO Total receipts 102.279.07 Payments Rent. Rates, Electicity and Insurance Equipment Sundry Cleaning Consumables for rfrsale Webslte and rr Awards New Gym ¢osts England BOnE 17,966.451 {4.218.641 (5.646.$81 {457.441 1940.581 1227.611 11.330.891 161.SS6.031 1335.CQl Totsl payments 182.679.221 Net receiptsllpaymentsl foryear Surplus/ldeficEtI bfvd Surplu5lld•ftdtl cfvd 19,599AS I999.85 Page 3
Holmes Chapel Boxing Foundation Reglstsr•d charlty nUMr Iq89313 Year Endlng 30 June 2021 Statement of assets and liabilities 30June 2021 Cash fvnd5 Cash at bank Petty cash 19.599.85 19.599.85 Other monetary assets Amounts due to the charity Assets retalb)ed lorthe drity$ own us• Furniture, rtureS and ffttirbgs Motor vehlcles Computers and other equlpment Uabllltles Loan liablllries Other Ilabillt5es IOAW.(K) i0.c.cO Approved by the board of Trustees on and signed on its behalf ty. Mr Paul Edwards Chair of Trustees Page 4
Holmes Chapel Boxing Foundation Rryi5tered charity oumber 1189313 Year Endlng 30 2021 Notes to the accounts Note I Membership and subs Sundry irKome aub funds blfwd 20A1&06 23.584.09 44.115 Note 2 aub fvnds blfwd The purp05e of Holmes Chapel Boxing aub IHCBQ isto provide boxlng coaching in retum for membership al fees. HCBC Is the trading arm of Holmes Chapel Boxing Foundation IHC8FI whith creates funds to enable HCBF to meet its charitable objective& Club funds were transferèd to the Foundatlon atthe stsrt of the 202012021 finandal year following its incorporation as a CIO. Note 3 Loan Capltsl Balance blfwd Loans durfn8 the year Balance clfwd iO.(Kn.C io.{M)o. Note 4 Related PartyTransactlans Durln8 the year. the charty rece loans from the followln8 trustees: Name Kevin èrownbw Tracey Goodwin James Rice 2.5CQ.Crf) s,cw.00 2.$00.CX) io.rx#).cM) The loans are repayable at 0% Interest on or before 31 t1mber 2021 Pdge 5
CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the Irusteesl members Holmes Chapel Boxing Foundation On accounts lor the year ended Wednesday. June 30, 2021 Charity no (if aDyl 1189313 Set out on pages I report to the trustees on my examination of the accounts of the above charity ("the Trusfl for the year ended 30 June 2021. Responslbllltles and basls As the charity trustees of the Trust, you are responsible for the preparation of of report the accounts in accordanc£ with the requirements of the Charities Act 2011 {'thè Indepondent frxarnlnerfs I report in r85P8Ct of my examinats'on ofthe Trusfs accounts carried oul under Statement section 145 of the 2011 Act and in carying out my examination, I have followed the applicable DIrectn$ given by the Charity Commission under secbon 14515llbl of the Act. S have Compted my examination. I confirm that no material matters have come to my attention in connection wilh the examina'on which gives me cause to believe that in. any materia reSt.. . accounting reuKds were not kept in accordan Vth section 130 of the Act or . the acrounts do not accord with the accounting records I have no con¢ems and have come across no other matters in connection with the examination to vthich attention should be drawn in order to enable a proper understanding of the accounts to be reached. Signed: Date: 2110112G"22 Name: Relevant professional quallficatlon(sl or tmxly (i any): Address: Section B Disclosure
Only cX)Mpte rf the examiner needs to highlight matters of concem (see CC32, Independent examination of charity a(Unts.. directions and guidance for examiners . Glve here brief detalis of any items that the examiner wishes to disclose.