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2024-06-30-accounts

Classification:UNCLASSIFIED

Holmes Chapel Boxing Foundation

Report and Accounts

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Registered Charity Number: 1189313

UNCLASSIFIED

Classification:UNCLASSIFIED

Holmes Chapel Boxing Foundation

Registered charity number 1189313 Year to ################

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 2024. 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:

Trustees' Report (continued)

Page 1

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Review of the year:

Through the summer of 2023 the club remained active for competition boxers preparing for the new season with Max Harrison, Erin Tynan and Amalia Morris in the Development Championships and Szymon Kisiel entered into the Gripen Box Cup in Sweden during September and October. The full team of competition boxers returned to training in September with class numbers significantly higher than previous years. This was a testament to the work of the volunteers on raising to profile of the club in the community and the positive profile of boxing being higher than usual due to famous boxers and fights being made. This additional demand did dilute the overall coaching. To ensure all members of the club get the best experience, additional classes were introduced for Recreational Boxing. Non contact, skills based training for new boxers, those that don't want to compete or where Boxing isnt their main sport.

Over the course of the year the Recreation Boxing classes have proved to be successful bringing new people into the club, as a pathway to competition boxing boxing and a valuable source of additional revenue whilst enabling coaches to give more time to those preparing for competition

Through the remainder of the competition year the club help two home shows, entered boxers into the junior championships and entered four box cups with the final bout of the season celebrating Jerry Smith as the Manchester Box Cup champion

The Recreational and Community Boxing continued to grow, both in participation and as part of the Holmes Chapel Boxing Club family. Ladies that Punch, Fighting Fit and Over 55s Boxing remain popular with the format for Saturday Open gym being revisited to make the class sustainable and ensure it is the ‘community contributor’ we intend it to me. Of significant note is Fighting Fit, ran once a week for those suffering the effects of Parkinsons Disease. Fighting Fit is now a vibrant community of PD sufferers supporting each other and engaging in the mental and physycal training of boxing technique. With over 35 active members, this group continues to inspire all those in the club and anyone else connected through the community.

In addition to Competition, Recreational and Community Boxing, the club has also had the honour to host the England Boxing Junior team for a training weekend, be an approved venue for England Boxing to run Level One and Two coaching courses and be a base for some professional boxers who are part of the wider Holmes Chapel Boxing Club family, notably April Hunter, Savannah Marshall and Tommy Fury

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

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Trustees' Report (continued)

Trustees: Appointed Resigned
Paul Edwards (Treasurer) 07-Apr-20
Stephen Rawlinson 07-Apr-20
James Rice (Chair) 07-Apr-20
Kevin Brownlow 11-Jun-24

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 Commission 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 safeguarding of monies. The club, run by volunteer coaches, is the operating arm of the charity. Trustees are responsible for raising funds via fundraising activities and grant applications.

Independent examiner:

Mrs T Goodwin The Lodge, Birch Tree Lane Goostrey, Cheshire, CW4 8NS

Bankers:

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

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

Mr James Rice Chair of Trustees

Page 3

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Classification:UNCLASSIFIED

Holmes Chapel Boxing Foundation

Registered charity number 1189313 Year to Sunday, 30 June 2024

Receipts and Payments accounts

Note
Receipts
Income from Club activities
1
Income from Foundation activities
2
Donations
Fundraising activities
Total receipts
Payments
Payments relating to club activities
3
Payments relating to Foundation activities
4
Coach support
Minibus running costs
Equipment
Gym management
Sundry
Cleaning
External donations
5
Building and facility costs
6
Total payments
Net receipts/(payments) for year
Surplus/(deficit) b/fwd
Surplus/(deficit) c/fwd		 2024
Unrestricted
£
43,764.98
3,241.31
12,173.97
-
59,180.26
(5,849.33)
(18,875.33)
(7,173.00)
(1,605.28)
(4,433.24)
(6,236.58)
(604.95)
(1,540.00)
(279.83)
(17,033.56)
(63,631.10)
4,450.84
-
17,736.49
13,285.65		 2023
Unrestricted
£
31,566.36
8,370.75
484.18
96.00
40,517.29
(7,948.55)
(19,776.60)
(6,588.80)
(1,483.99)
(3,468.93)
(5,416.40)
(375.61)
(1,883.30)
(326.00)
(47,268.18)
6,750.89
-
24,487.38
17,736.49

Page 4

CC16b Receipts and Payments Accounts Introductory Notes (publishing.service.gov.uk)

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Charity Name

No (if any)

~~Receipts and payments accounts~~ Period start date Period For the period from To 01/07/2020 30/0

Section A Receipts and payments

A1 Receipts
Sub
A2 Asset and
Sub total
Total
A3 Payments
Sub total
A4 Asset and
Sub total
tal payments
s/(payments)
A5 Transfers
A6 Cash fund
this year end		 A1 Receipts Unrestricted funds
to the nearest £
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-

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b -
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to the nearest
£
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to the nearest £
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Sub -
A2 Asset and
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Sub total -
Total
A3 Payments
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**Sub total ** -
A4 Asset and
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**Sub total ** -
- - -
b - - -
- - -
- - -

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Section B Statement of assets and liabilities at the end of the per
 Section B Statement of assets and liabilities at the end of the per
 Section B Statement of assets and liabilities at the end of the per

Categories
Signed by one
B1 Cash
funds
B2 Other
monetary
assets
B3
Investment
assets
B4 Assets
retained for
the
charity’s
own use
B5
Liabilities
Total cash funds
(agree balances with receipts and payments account(s))
Details
Details
Details
Details
Details
Signature
Unrestricted
to nearest £
-
-
-
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OK
Unrestricted
to nearest £
-
-
-
-
-
-
Fund to which
~~asset belongs~~
Fund to which
~~asset belongs~~
Fund to which
Print Name

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Classificalion'.UNCLASSIFIED UNCLASSIFIED

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end date
06/2021		 CC16a
Total funds
to the nearest
£
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-
-
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-
-
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Last year
to the nearest
£
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-

riod

Restricted
to nearest £
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OK
Restricted
to nearest £
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-
-
-
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Endowment
to nearest £
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-
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OK
Endowment
to nearest £
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Cost(optional)
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-		 Current value
~~(optional)~~
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Cost(optional) Current value
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~~(optional)~~
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- -
- -
- -
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Cost (optional)

Current value
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~~(optional)~~
- -
- -
- -
- -
- -
- -
- -
- -
-

Amount due - - - - -

When due

Date of

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Classification:UNCLASSIFIED

Holmes Chapel Boxing Foundation

Registered charity number 1189313 Year to #################

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
Heating system
Liabilities
Loan liabilities
Other liabilities		 as at
#############
£
13,285.65
-
13,285.65
-
1,835.49
7,492.95
12,379.50
21,707.94
-
-
-		 as at
#############
£
17,736.49
-
17,736.49
-
2,294.36
9,366.19
-
11,660.55
-
-
-

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

Mr James Rice Chair of Trustees

Page 5

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CC16b Receipts and Payments Accounts Introductory Notes (publishing.service.gov.uk)

UNCLASSIFIED

Classification:UNCLASSIFIED

Holmes Chapel Boxing Foundation

Registered charity number 1189313 Year to ###########

Notes to the accounts

2024 2023
£ £
Note 1 Income from Club activities
Membership and subs 39,749.06 28,230.35
Equipment and merchandise sales 801.82 191.87
Club shows 2,906.10 2,644.14
Sponsorship 308.00 500.00
43,764.98 31,566.36
Note 2 Income from Foundation activities
Subs - 7,320.75
Foundation Equip & Merch sales 1,200.00 -
Sundry 251.31 -
Gym hire 1,790.00 1,050.00
3,241.31 8,370.75
Following implementation of a new computer system from this financial year subs income is not
split between the club and foundation so all subs income is shown within the club line (see note
1)
Note 3 Payments relating to club activities
England boxing (807.33) (1,574.80)
Awards (1,000.00) (1,848.95)
Competitions and shows (1,267.05) (2,331.17)
Club show expenses (1,899.95) (1,400.71)
HCBC merchandise (875.00) (792.92)
(5,849.33) (7,948.55)
Note 4 Payments relating to foundation activities
Rent, Rates, Electricity and Insurance (17,013.97) (17,108.52)
Stock items
Website and IT (1,861.36) (2,225.58)
Key Holder/Gym Management 0.00 (442.50)
(18,875.33) (19,776.60)
Note 5 The donation value is the net of the income and expenditure related to an individual fund
raising event

Maintenance and investment in the building and facility are now recorded spearately. In the Note 6 December 2023 there was a significant investment in a new heating system totalling £13,754.79

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----- Start of picture text -----
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
Sunday, 30 June 2024 1189313
ended (if any)
Set out on pages 1 to 7
----- End of picture text -----

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 basis As the charity trustees of the Trust, you are responsible for the preparation of the of report 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 under statement 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:

· the accounts do not accord with the accounting records

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.

Signed: Date: Name: Mrs Tracey Goodwin Relevant professional qualification(s) or body (if any): Address: The Lodge, Birch Tree Lane Goostrey, Cheshire CW4 8NS Section B Disclosure Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners). Give here brief details of any items that the examiner wishes to disclose .

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Registration history:

04 May 2020 : registered

Organisation type: CIO

Other names: Holmes Chapel Boxing Foundation (Working name)

Gift aid: Recognised by HMRC for gift aid

Charitable objects

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.

Receipts and payments

This is the simpler of the two methods of preparation and may be adopted where a non-company charity has a gross income of £250,000 or less during the year . It consists of an account summarising all money received and paid out by the charity in the financial year, and a statement giving details of its assets and liabilities at the end of the year. Charitable companies are not allowed by company law to adopt this method.

Audit or independent examination?

Except for NHS charities, only those charities with gross income of more than £25,000 in their financial year are required to have their accounts independently examined or audited - below that threshold, an external scrutiny of accounts is only needed if it is required by the charity’s governing document.

Precisely what type of scrutiny is needed depends on the income and assets of the charity. Broadly speaking, an independent examination is needed if gross income is between £25,000 and £500,000 and an audit is needed where the gross income exceeds £500,000. An audit will also be needed if total assets (before liabilities) exceed £3.26m, and the charity’s gross income is more than £250,000.

What are the requirements for all charities?

The short answer (legal requirement)

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All charities must keep accounting records, and prepare annual accounts which must be made available to the public on request.

In more detail

All charities must:

keep accounting records - these records (eg cash books, invoices, receipts, Gift Aid records etc) must be retained for at least 6 years (or at least 3 years in the case of charitable companies); where Gift Aid payments are received records will need to be maintained for 6 years with details of any substantial donors and to identify ‘tainted charity donations’ in accordance with HMRC guidance

make the accounts available to the public on request; this is important for public accountability, and must be complied with in all cases - it is open to trustees to make a reasonable charge to cover the costs of complying with the request (eg photocopying and postage)

make the trustees’ annual report available to the public on request where one is required to be prepared

All charities unless exempt or excepted from registration must:

prepare a trustees’ annual report and make it available to the public on request.

All registered charities will be contacted by the commission, shortly after the end of their financial year, and required, depending on their income, to complete an annual return. All CIOs and all other registered charities with a gross income exceeding £10,000 are under a legal duty to complete and return the online annual return form to the commission

What specific requirements apply to CIOs?

Basis of preparation: CIOs may opt to prepare their accounts on a receipts and payments basis if their gross income is less than £250,000. Otherwise the accounts are prepared on an accruals basis, in accordance with the 2008 Regulations and the SORP. The commission provides packs for receipts and payments or accrual accounting by non-company charities which are available through the External scrutiny: CIOs must have an audit if either of the following conditions are met in the financial year:

gross income exceeds £500,000

gross assets exceed £3.26 million and gross income exceeds £250,000

Where an audit is not required under the Charities Act or by its governing document an independent examination is required if the CIO’s gross income is more than £25,000 in the financial year. If an independent examination is chosen and gross income exceeds £250,000 then the independent examiner appointed must be a member of a body specified under the Charities Act. In exceptional circumstances, the commission has the power to require an audit.

CIOs which have either charitable or non-charitable subsidiaries must prepare group accounts under the Charities Act where the aggregate income of the group, after the elimination of all group transactions from income for the year exceeds £500,000 and those group accounts will be subject to audit under charity law.

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Type of annual return: all CIOs must complete an annual return.

Information to be sent to the commission: all CIOs must file their trustees’ annual report and accounts and an annual return. The named charity contact on the commission’s records will receive an annual return. Submission of the annual return is online.

The annual return, trustees’ annual report and accounts must be filed with the commission within 10 months of the end of the CIO’s financial year.

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CHARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts Section A IridÈp&ndenl ExaThiiier s R¢port H0kn￿s char￿ B￿ThJ FtyJndatw)n On accountsfortr 30 Jw 2(r24 Charity lrfany 1189313 dwrity fft Tntsfi year 8FthJ 30 ju￿ 2022. ststwort uthr s8LlwJn 145 Of￿ 2011 Acl and ￿ carryw my examination. I have foUtrJ the aFp1Kab￿ Off￿bD￿S gNen by ts Ch¥dy cc￿￿$10n under s￿tion 14515Xbl ¢AtheP I have tompkt8J ry e￿In￿. i ojnfirm that no maiErHI rnattws have o]me to my allEnkn ￿ cJ)nTh￿t￿jn examination whk gp•PS me ¢xse to tel￿e Ihat in. any rnatenal respect th tr exarninakn to attention shwkj be drawn in ordw tts enabk a proper urthrst•Jry of ihe accounts lo be reatt*d. s￿ned. Mrs Tra Reknfarrt &A FCA lrfany)= The Lc . Birch Toe Lane . Cheshue CW4 8NS Section B Disclosure ity u1mp￿te rfthe exarniner ne&ts to hvJhlvJht tndtters ofwn(tm Isee CC32, Independent exarnination of c¥lanty acts)unts. direthon5 and gu￿an for exarniners . any items that t gxamlner Mshes