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2022-06-30-accounts

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Holmes Chapel Boxing Foundation
Report and Accounts
30 June 2022
Registered Charity Number: 1189313
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Holmes Chapel Boxing Foundation

Registered charity number 1189313

Year Ending 30 June 2022

Trustees' Report

The Trustees of Holmes Chapel Boxing Foundation, registered on 4 May 2020 as a CIO, present their annual report and accounting statements for the period ending 30 June 2022. The accounts have been prepared on a receipts and payments basis.

Registered Office:

Unit 9A - 10 Station Yard Trading Estate Holmes Chapel Cheshire CW4 8AA

Objectives:

Holmes Chapel Boxing Club is part of Holmes Chapel Boxing Foundation. The Foundation was established as a Registered Charity to fulfil our wider community objectives whilst enabling the club to focus on youth development and competitive boxing.

The objectives of the charity are the promotion of community participation in healthy recreation and the advancement of the amateur sport of boxing within the community of Holmes Chapel and Cheshire East for the public benefit by the provision of facilities for participation in the sport of boxing.

All Club activity is run and delivered by volunteers. Wider community services are delivered by the Foundation, as part of an approved budget and governed by volunteer trustees. We aspire to build on the daytime community services and offer employment opportunities locally.

The club delivers boxing training for:

As part of the wider foundation, recreational boxing training is for:

In addition to the published schedule of classes, we also provide:

Page 1

Trustees' Report (continued)

Review of the year:

It has been a long season. We started last year, with an invite for 3 boxers to compete on the 8th August Carlisle Villa skills show. The first show since lockdown. Since then we have competed 62 times with a 65% win rate in competitive bouts. Twenty different boxers have worn the club vest over the course of the season in shows across the UK and at our home club shows from October and April.

In addition, we have held regional medical clinics at the gym and hosted the North West Regional Squad with top boxers from across the region travelling to train in Holmes Chapel. Two boxers have represented the club on the regional squad with a further two joining towards the end of the season.

This also resulted in our first champion who competed as part of a North West team in the Sala Sparbanks Boxcup in Sweden, winning the Gold medal.

Since opening the club in January 2019 we have made huge strides with our female boxers. In September 2019 we opened a girls only session focusing on boxing fundamentals and self confidence; this has helped drive a more diverse Amateur class.

On our October 2021 show, we entered the first female to represent the club in a skills bout with an allfemale coach corner team.

This season we also saw our first ever female club captain represent the club as part of the North West Region Squad and win her first bout by 3rd round stoppage. We also took our Regional Female Squad to compete in Sweden earlier this year and want to build on this with our own boxers. There are more than a dozen talented female boxers across all sessions who we have recognised as potential competitors should they wish to do so.

Under 18 boxing training and competitive boxing will always be at the heart of the club but we are aware of the wider opportunities to make the best use of our facilities and share our passion for boxing with others. Through the foundation we run recreational boxing classes; Fighting Fit, Ladies that Punch, Over 55s Boxing and Saturday Open Gym. Whilst all led by qualified boxing coaches, these are run by the foundation rather than volunteers from the Club. We also run daytime programmes for specific community groups such as our partnerships with local schools, businesses and other charitable organisations. Examples include some recent funding from Anwyl Homes to deliver daytime sessions in partnership with a High School, our work with Mentell to organise sessions specifically to promote positive male mental health and partnership with BoxingTots who use the gym to deliver boxing based sessions for 3-7 year olds. This has helped to further develop the club in the community. We have started on our journey as a local employer; albeit a few hours a week for a contractor and a small contribution for our boxers who help coach. Hopefully over the next twelve months we build on this, make even more use of our home in Station Yard and provide employment opportunities and even apprenticeships for our boxers who want to make a career in fitness and/or leisure management.

Reserves Policy:

The foundation does not have a reserves policy. Any reserves are for the enhancement of the club and it's members and reserves spend is decided by the trustees after discussion with the club regarding their priorities for the year.

Page 2

Trustees' Report (continued)

Trustees: Appoinited Resigned
Martin Cummins 07-Apr-20
Susan Dando 07-Apr-20
Paul Edwards (Chair) 07-Apr-20
Tracey Goodwin (Treasurer) 07-Apr-20 28-Jun-22
Stephen Rawlinson 07-Apr-20
James Rice 07-Apr-20

Founding trustees were appointed based on their skill set and enthusiasm for the role. New trustees are interviewed by the Chair of trustees before appointment. The trustees are coaches, parents, members of the club and interested members of the community. Trustees are advised to read information available from the Charity Commision to understand the roles and responsibilities of being a trustee. They are responsible for the safe management of the foundation finances ensuring probity, value for money and safeguaring of monies. The club, run by volunteer coaches, is the operating arm of the charity. Trustees are reposnsible for raising funds via fundraising activities and grant applications.

Independent examiner:

Mrs K Comb MRCVS 10 Blackberry Gardens Goostrey, Cheshire, CW4 8FU

Bankers:

HSBC Bank 19 Princess Street Knutsford, Cheshire, WA16 6BZ

Approved by the board of Trustees on and signed on its behalf by:

Mr Paul Edwards Chair of Trustees

Page 3

Holmes Chapel Boxing Foundation

Registered charity number 1189313

Year Ending 30 June 2022

Receipts and Payments accounts

Receipts and Payments accounts
Note
Receipts
Income from Club activities
1
Income from Foundation activities
3
Covid-19 Grant
Donations
Fundraising activities
Loan capital
4
Total receipts
Payments
Payments relating to club activities
5
Payments relating to Foundation activities
6
Loan capital
4
Minibus
Equipment
Gym management
Sundry
Cleaning
New Gym costs
Total payments
Net receipts/(payments) for year
Surplus/(deficit) b/fwd
Surplus/(deficit) c/fwd		 2022
Unrestricted
funds
£
40,693.96
16,554.29
-
13,177.58
565.96
-
70,991.79
(9,813.01)
(20,831.14)
(10,000.00)
(11,707.74)
(2,867.95)
(4,312.50)
(314.99)
(1,563.78)
(4,693.15)
(66,104.26)
4,887.53
19,599.85
24,487.38		 2021
Unrestricted
funds
£
44,201.15
148.00
19,370.43
26,932.49
1,627.00
10,000.00
102,279.07
(2,606.47)
(8,194.06)
-
-
(4,218.64)
-
(5,646.58)
(457.44)
(61,556.03)
(82,679.22)
19,599.85
-
19,599.85

Page 4

Holmes Chapel Boxing Foundation

Registered charity number 1189313

Year Ending 30 June 2022

Statement of assets and liabilities

Note
Cash funds
Cash at bank
Petty cash
Other monetary assets
Amounts due to the charity
Assets retained for the charity's own use
Furniture, fixtures and fittings
Motor vehicles
Computers and other equipment
Liabilities
Loan liabilities
4
Other liabilities		 as at
30 June 2022
£
24,487.38
-
24,487.38
-
2,867.95
11,707.74
-
14,575.69
-
-
-		 as at
30 June 2021
£
19,599.85
-
19,599.85
-
4,218.64
-
-
4,218.64
10,000.00
-
10,000.00

Approved by the board of Trustees on and signed on its behalf by:

Mr Paul Edwards Chair of Trustees

Page 5

Holmes Chapel Boxing Foundation

Registered charity number 1189313

Year Ending 30 June 2022

Notes to the accounts

Note
Note 1
Income from Club activities
Membership and subs
Equipment and merchandise sales
Club shows
Sponsorship
Club funds b/fwd
2
Note 2
Club funds b/fwd		 2022
£
31,719.27
2,792.25
6,182.44
-
-
40,693.96		 2021
£
20,418.06
199.00
-
-
23,584.09
44,201.15

The purpose of Holmes Chapel Boxing Club (HCBC) is to provide boxing coaching in return for membership and fees. HCBC is the trading arm of Holmes Chapel Boxing Foundation (HCBF) which creates funds to enable HCBF to meet its charitable objectives. Club funds were transfered to the Foundation at the start of the 2020/2021 financial year following its incorporation as a CIO.

Note 3
Income from Foundation activities
Subs
Foundation programmes
Sundry
Gym hire
Note 4
Loan capital
Balance b/fwd
Loans/(repayments) during the year
7
Balance c/fwd
Note 5
Payments relating to club activities
England boxing
Awards
Coach expenses
Competitions and shows
HCBC merchandise		 13,718.61
2,125.00
120.68
590.00
16,554.29
10,000.00
(10,000.00)
-
(771.57)
(1,714.62)
(1,706.97)
(4,620.46)
(999.39)
(9,813.01)		 148.00
-
-
-
148.00
-
10,000.00
10,000.00
(335.00)
(1,330.89)
-
-
(940.58)
(2,606.47)

Page 6

Notes to the accounts (continued)

Notes to the accounts (continued)
Note
Note 6
Payments relating to foundation activities
Rent, Rates, Electicity and Insurance
Stock items
Website and IT
Key Holder
Delivery
Note 7
Related Party Transactions		 2022
2021
£
£
(14,041.34)
(7,966.45)
(211.16)
-
(1,291.14)
(227.61)
(70.00)
-
(5,217.50)
-
(20,831.14)
(8,194.06)

During the year, the charity received/(repaid) loans from the following trustees:

Name
Kevin Brownlow
Tracey Goodwin
James Rice		 (2,500.00)
(5,000.00)
(2,500.00)
(10,000.00)		 2,500.00
5,000.00
2,500.00
10,000.00

The loans were repaid at 0% interest on 23 November 2021.

Page 7

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Independent
examiner's report on
the accounts
Section A Independent Examiner’s Report
Report to the trustees/
Holmes Chapel Boxing Foundation
members of
On accounts for the year Charity no
30 June 2022 1189313
ended (if any)
Set out on pages 1 to 7
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I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 30 June 2022.

Responsibilities and As the charity trustees of the Trust, you are responsible for the preparation of basis of report the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).

Independent examiner's I report in respect of my examination of the Trust’s accounts carried out statement under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Address:
Relevant professional
qualification(s) or body (if
any):
Name:
Signed:
Mrs KerryComb

10 BlackberryGardens
Goostrey,Cheshire
CW4 8FU
Section B Disclosure
Give here brief details of
any items that the
examiner wishes to
disclose.		 Only complete if the examiner needs to highlight matters of concern (see
CC32, Independent examination of charity accounts: directions and guidance
for examiners).