Trustees’ Annual Report for the period
From March 2022 Period start date To march 2023 Period end date
Charity name: Whitby Boxing club
Charity registration number:1189484
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | Whitby Boxing club provides a safe environment for people of all ages for the purpose of health and well being |
| Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. |
Para 1.17 and 1.19 |
Boxing training |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | Yes as a trustee I’m well aware of the guidence |
Additional information (optional)
You may choose to include further statements where relevant about:
SORP reference Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related investment Para 1.38 Contribution made by volunteers Other
Achievements and Performance
| SORP reference | ||
|---|---|---|
| Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. |
Para 1.20 | our main purpose is to help young people to train and compete in England boxing our main source of income is from the two home shows we provide the community every year |
| Additional information (optional) You may choose to include further statements where relevant about: |
Additional information (optional) You may choose to include further statements where relevant about: |
Additional information (optional) You may choose to include further statements where relevant about: |
|---|---|---|
| Achievements against objectives set |
Para 1.41 | |
| Performance of fundraising activities against objectives set |
Para 1.41 | |
| Investment performance against objectives |
Para 1.41 | |
| Other |
Financial Review
| Financial Review | ||
|---|---|---|
| Review of the charity’s financial position at the end of the period |
Para 1.21 | We have had a successful year which helps us keep the club running |
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | Our reserves are for the bills and running of the club for the next year |
| Amount of reserves held | Para 1.22 | 32,371 |
| Reasons for holding zero reserves |
Para 1.22 | na |
| Details of fund materially in deficit |
Para 1.24 | na |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 |
Additional information (optional)
You may choose to include further statements where relevant about:
The charity’s principal sources of funds (including any fundraising) |
Para 1.47 |
|
|---|---|---|
| Investment policy and objectives including any social investment policy adopted |
Para 1.46 | |
| A description of the principal risks facing the charity |
Para 1.46 | |
| Other |
Structure, Governance and Management
| Description of charity’s trusts: |
||
|---|---|---|
| Type of governing document (trust deed, royal charter) |
Para 1.25 | trust |
| How is the charity constituted? (e.g unincorporated association, CIO) |
Para 1.25 | unincorporated |
| Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees |
Para 1.25 | volunteers |
Additional information (optional)
You may choose to include further statements where relevant about:
Policies and procedures adopted for the induction and training of trustees |
Para 1.51 |
|
|---|---|---|
| The charity’s organisational structure and any wider network with which the charity works |
Para 1.51 | |
| Relationship with any related parties |
Para 1.51 | |
| Other |
Reference and Administrative details
| Charity name | Whitby Boxing Club |
|---|---|
| Other name the charity uses | |
| Registered charity number | 1189484 |
| Charity’s principal address | Eastside community centre Abbotts road Whitby |
Names of the charity trustees who manage the charity
| 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 |
Trustee name | Office (if any) | Dates acted if not for whole year |
Name of person (or body) entitled to appoint trustee (ifany) |
|---|---|---|---|---|
| Arron Curnow | 2020 to 2024 | |||
| BillySmith | 2020 to 2024 | |||
– Corporate trustees names of the directors at the date the report was approved Director name
Name of trustees holding title to property belonging to the charity
Trustee name Dates acted if not for whole year
Funds held as custodian trustees on behalf of others
Description of the assets N/A held in this capacity
Name and objects of the N/A charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for N/A safe custody and segregation of such assets from the charity’s own assets
Additional information (optional)
Names and addresses of advisers (Optional information)
Type of Name Address adviser
Name of chief executive or names of senior staff members (Optional information)
Exemptions from disclosure
Reason for non-disclosure of key personnel details
Other optional information
Declarations
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
Signature(s) Arron Curnow Full name(s) Arron Curnow
Position (eg Secretary, Chairman Chair, etc)
Date
30/12/24
REGISTERED COMPANY NUMBER: CE021846 (England and Wales) REGISTERED CHARrrY NUMBER: 1189484 he Tru and ed Fin for th nd Whilb Boxin Club Philip Burley & Co Chartered Accountsnts 28 Bagdale Whitby Y0211QL
ci Contents of the Financial Statements they Page Report of th8 Trustees Independent Examinerfs Report Statement of Financial Activilie8 Balance Sheet 4 to 5 Notes lo the Finanual Statements 6 to 11 Detalled Stal8ment of Finandal Activities 12
Wh5 Boxin Club rt of the Trustees for the Year Ended 31 March 2023 The tsustees who are also dlrectors of the charity for the purposes of the Comp8nig8 Act 2006, preserrt their report with the financial statements of the charity for the year ended 31 March 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities". Statement of Recommended Practlce applicable lo tharflres preparing their 8ccounls in a¢xordance wilh the Financlal Repothng Standard 8ppl¢cablg in th9 UK and RepUbC of Ireland (FRS 1021 (effecliv8 1 January 2019). STRUCTURE. GOVERNANCE AND MANAGEMENT Gov•ming dorumont The charty is controlled by its governing doujmenl, a deed of trust. and constitsjles a limlted company. miled by guarantee, as defined by the Companies Act 2006. REFERENCE AND ADMINISTRATIVE DEfAILS RegIStsr Company number CE021846 (England and Wales} Registered Charty number 1189484 Rgglstered offic Clo Mr G L Morrison 80 Eskdal8 Road Whllby North YoTkshlre Y022 4JJ Trustees G L Morrison C Harris W Smith S Blackwell Company Secretary Indopend$nt Examlner Mr Stewart Davies ACA FCCA Phllip Burley & Co Chartered Accountants 28 Bagdale Whilby Y0211QL Approved by order of tho board of trustees on 20 De¢ember 2024 and signed on Its behalf by.. G L Morrison - Trustee Page 1
Inde ndent Ex8mlnerfs Re ort to the Trustees of Whilb Boxin Club Independent examlnevs r9POrt to the trnstws of Whltby Boxlng Club {Ihe Company,) I report to the charfty tnleeS on my examination of the accounts of the C(xnp8ny for Ihe year ended 31 March 2023. R•sponslblllttes and basis of report As the ch8ritys trustees of the Company land also ils dSrectors for the purposes of company law) you are responsible for the preparation of the aCts in acwrdance wlth the requirements of the Companies Act 2006 Ilhe 2006 AcV}. Having satisfied myself that the accounts of the Company are not required lo be audited under Part 16 of thè 2006 Act and are eliglble for independent examination. I report in respect ol my examination of your charlvs accounts as carried out under Section 145 of the Charities Act 2011 (Yhe 2011 ACVI. In carrylng out my examinaJon I have followed the Directions given by the Charlty Commission under Sectlon 14515) Ibl of the 2Q11 Act. Independent examlnerf$ statement I have completed my examination. I confirm that no matters have oyne to my attention in ¢yJnnection wtth tho examination giving me cause to believe.. accounting records were not kept In respect of th8 Company as required by Sectv)n 386 of the 2C(fj the accounts do not accord those records,. or the accounts do not c)Jmpty wlth the artounting rgquSrements of Section 396 of the 2006 Act other than any requirement that the accounts glve a true and fair view whith is not a matter considered as part of an Indgpendent examination.. or the accounts have not been prepared In accordance th8 methods and principles of th8 Stslement of Reoxsmmonded Pracuce for accounting and reporting by charities lapplicable to tharib'es preparing Ihelr accounts accor(ian¢* with the Flnanckql Reporting Standard applicable in the UK and Republic of Ireland IFRS 10211. I have no eoncems arKI have come acros8 no other matters in conn8etlon vAth the examlnation to whi¢h attention shoukl be drawn in this report In order lo enable a proper understandlng of the accounts to bg reached. Mr Stewart Davies ACA FCCA Philip Burley & Co Chartered Actountants 28 Bagdal8 Whitby Y021 1QL 20 December 2024 Page 2
Whiib Boxin Club Stale nl of Finanoal Activilles 02 31,3.23 Totsl funds Unrestricted fund 31.3.22 Total funds as restated Restricted fund Notes INCOME AND ENDOWMENTS FROM Donations and legaci8S 29.891 29,891 23.474 Othar income 187.711 187.712 346,115 Total 29.892 187,711 217,603 369.589 EXPENDrruRE ON Raising fvnds 26,691 11.904 38.595 50.749 NEf INCOME 3,201 175.807 179.008 318.840 RECONCILIATION OF FUNDS TO funds brght loard 29,170 327.135 356,305 37,465 TOTAL FUNDS CARRIED FORWARD 32,371 502,942 535.313 356,305 The notes form part ofthese financial statements Page 3
Whltb Boxln Club lan li 31.3.23 31.3.22 Total funds as restated Unrestricted fuThJ Rethcted fund fvnds Notes FIXED ASSETS Tangible assets 489,871 489.871 359,056 CURRENT ASSETS Debtors Cash al bank 327.135 30.270 35,203 13,071 48,274 35,203 13.071 48,274 357.405 CREDITORS Amounts falh'ng due within one year 12,8321 12.8321 1360,156} NET CURRENT ASSErs 32,371 13,071 45,442 (2,751 } TOTAL ASSEfs LESS CURRENT UABILmes 32,371 502,942 535.313 356,305 NET ASSETS 32.371 502.942 535,313 356,305 FUNDS Unreslrfcted fund8 Restricted funds 11 32,371 502.942 29,170 327.13S TOTAL FUNDS 535,313 356,305 The charitable company entitled to exempuon from audit under Sectton 477 of th8 CoMpanS Act 2006 for the year ended 31 March 2023. The members have not required the company to obtain an audtt of its financlal stslements for the year ende<l 31 March 2023 in accordanc@ with Section 476 of the Companl8s Act 2006. The trustees acknowledge their responsibiliues for (al ensuring that the charttable company keeps accountlng records that wmpty with SecthJn$ 386 and 387 ofthe Companies Act 2006 and Ib) preparing financial statements which glve a true 8nd falr view of th8 Stats of affairs of the charitable company as at the end of each financial year and of its surplus or defiot for each financial year in accordan with the requirements of Sections 394 arKI 395 and which otherwse comply wth the requSrements of the Companies Act 2006 relating lo flnancial statsments. so far as applicabl8 to the charttable company. The notes fomi part 01th financial statements Page 4 ontinL*d...
Whi Boxin Club Balance She l- u)ntinued 31 March 2023 These financial statements have been prepad in accordance th the provisions applicable lo charitable L)Jmpanies subject to the small companies regime. The flnancial ststements were approved by the Board of Tte&S and aulhorlsed for Issue t 20 December 2024 and re signed on its behalf by.. G L Morrison - Trustee The notes fotm part ofthese finandal statements Page 5
Ilb Boxin Club Notes to the Finanoal Statements for the Year Ended 31 March 2023 ACCOUNTING POLICIES Basi$ of preparfng thg flnancl41 statoments The financial statements of the charitable company, whlth ts a public benefit enlily under FRS 102, have been prepared in accordance with the Charities SORP {FRS 1021 'Accounlng and Reporb'ng by Charilles.- Statement of Recommended Practice applicable to charities preparing Ihelr accounts in accordance with the Financial RepOfty Stsndard applicab in the UK and Republic of Ireland IFRS 102) (effective 1 January 2019),. Financial Reporting Standard 102 The Financial Reporting Standard applicable In th8 UK and Republic of Ireland, and the Companies Acl 2006. The finala1 statements have been prepared under the historfeal cost conventlon. Income Al income is recognised In the Statement of Financial ActivSlles on¢* the charity has entiuement to the fijnds, it is probable that the income wll be recewed and the amount ¢xn be measured reliabty. Expendlturo Liablltties are recognlsed as expendIlu as SLM)n as there is a legal or cnstructive obligatlon committing the charity to that expenditure, it is probable that a transfer of economlc bengfits will be quired in settlement and the 8mount ol the obligation can be measured reliably. Expenditure ig accounted for on an accruals basis and has been classffied under headlngs that aggwate all c1 related lo the category. Wherg costs nn0t be directty attributed lo partlcular headings they have been allocated to actSvlties on a basis consistent with the use of Tesour¢es. Tanglble fixed assets Depreciation Is provided al the following annual rates In order lo write off ea¢h asset over Its estimated useful lile. Freehold propety Boxing equipment 10YG on reduang balance Taxauon The charity is exempt from rporatiOn tax on its charitable activities. Fund accountlng Unrestricted fvnds can be used in accordance wth the tharitable objectives al the dsetion of the Restricted funds can only be used for particular reslrfcted purpx)s88 wthin thè otygcts of th8 charity. Restrictions arise when specrfied by the donor or when funds are raised for particular resthcted purpose5. Further explanallon of the nalure and purpose of each fund Is Induded In the notes to the financial statements. NET INCOMEI{EXPENDThURE) Net incomellexpenditure) is stated after Chargin(Creditingl. 31.323 31.3.22 a8 reststed Depreaation- owned assets 1,999 Page 6 continued...
Whitb Boxin Club N¢)tes lo the Financial Statements- continued for the Year Ended 31 March 2023 TRUSTEES. REMUNERATION AND BENEFrrs There were no trustees, r8muneration or other berrtS for the year ended 31 March 2023 nor for th8 year ended 31 March 2022. Trustegs. expense$ There were no trustees. expenses paid for the year ended 31 March 2023 nor fcf the year ended 31 March 2022. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted nd Rethcted fund Tot fijnds as rgstated INCOME AND ENDOWMENTS FROM Donations and legaryes 23,474 23,474 Other income 18,980 327.135 346,115 Total 42,454 327.135 369,589 EXPENDITURE ON Raising funds 50,749 50,749 NET INCOMEIIEXPENDrrvREI 18,295) 327.135 318,840 RECONCILIATION OF FUNDS Total fvnds brought fornard 37,465 37,465 TOTAL FUNDS CARRIED FORWARD 29,170 327,135 356,305 PRIOR YEAR ADJUSTMENT The charity has recelved sufficient income In the period lo require the preparauon of amals-based accounts for both the 2023 and 2022 comparative figures. The 2022 comparative figures have been restated as follows: DR CR Trade Debtors FundSng £327,135 £327,135 This amount is a provision for the expected funding from Sport England. the Woodmill Site and S¢xrborough Borough Council. Freehold Propety Cost Trade Credllors £359.056 £359,056 This was the anM)unl expected to be paKI to Foden Spence Builders at lh8 end of the tsThJer process as well as the liabillty to Abacus forthe gym project. Accountsncy £780 Page 7 continued...
Notes to the Financial Statem for Ih Year Ended 31 M rch 2 nts - continued PRIOR YEAR ADJUSTMENT- contlnued Awuals £780 An accru81 for the accthntancy fees relating to ihe 2020 and 2021 accounts. Trdvel expenses £320 Accwals £320 An accrual fortravel )sts due to be p81d to head coach Mr S Lorrains. NOTES REGARDING THE RESTRICTED FUND The Restricted Fund per the accounts relates to the New Build BOng Gym pmJect that commenced in 2022. The proie¢X was completed in October 2022 with all Boxing Club liabifities settled by the 3151 March 2023. £54,00 was transferred from the Clubs & Socleties bank ac¢ounl lo the Current bank acmint In ordor to pay builders fees of £41.737. Thls leaves £12,263 of the Rgstrlcted Fund In the Cuttent account at the year*nd that wll need to be transferred back lo the Clubs & SocSeties bank account. The followlng expenses not SP8cthed as part of the project were paid from Ihe Restricted Fund In th Clubs & Socleties bank accounl: £529 pald to Eastsrde Communrty Centre to ¢xNer light and heal costs. £122 was paid to cover the travel expenses of Mr S Lorrains. TANGIBLE FIXED ASSETS Freehold property Boxiry equipment Total8 COST Al 1 Aprfl 2022 Addilions 359.056 112,814 359,056 132.814 At 31 March 2023 471,870 20.000 491.870 DEPRECIATION Charge for year 1,999 NEf BOOK VALUE At 31 March 2023 471,870 18,001 489,871 At 31 March 2022 359,056 359,056 Page 8 ¢ontinu8d...
Whilb B Clu les lo the Financial ear d31 lemenls- 202 ntinued DEBTORS: AMOUNTS FALLING DUE wfTHIN ONE YEAR 31.3.23 31.322 as reslated Trade debtors 327.135 CREDrroRS." AMOUNTS FALUNG DUE WITHIN ONE YEAR 31.323 31.3.22 restatsd Bank bans and overdrafts (see note 10) Trade creditors Acmed expenses 651 3S9.056 1,100 2.181 2.832 360.156 10. LOANS An analysis of the maturity of loans is given below-. 31.3.23 31.3.22 as restated Amounts falllng due wilhln one year on demand: Bank overdrafts 651 11. MOVEMENT IN FUNDS Net movement in fijnds At 1.422 31.3.23 Unrestrlctgd funds General fund 29.170 3,201 32,371 Rgstrlcted funds Restricted fund 327.135 175.807 502,942 TOTAL FUNDS 3S6,305 179,¢)08 535,313 Page 9 continued...
Whitrj Boxin Club Notes lo the Financial Statements- continued for the Year Ended 31 Ma h 2023 11. MOVEMENT IN FUNDS - continued Net movement in funds, Includgj in the above are as folhjws: Incoming Resources Movement expended in fund$ Unr•strlcted funds General fLtnd 29,892 126,691) 3,201 Rostrlcted funds Restricted fijnd 187,711 111.904) 175,807 TOTAL FUNDS 217,603 138,5951 179,008 Comparatives for movoment In funds Net movement in funds At 1.4.21 31.3.22 Unrestrlct•d funds General fund 37,465 18,295) 29,170 Restrlcted fund$ Restricted fund 327,135 327,135 TOTAL FUNDS 37,465 318.840 356,305 Comparative net movement In fvnds, incfuded in the above are as follows: Incoming resources Resources Movement expended in fvnds Unrg$trlcted funds General fund 42.454 {50,7491 18,295) Restrlctsd fvnds Reslricled fund 327,135 327,135 TOTAL FUNDS 369.589 150,749) 318,840 Page 10 continued...
Whilb Boxin Club Notes lo the Financial Statements- eontin eye rEnd 31 March 2 11. MOVEMENT IN FUNDS . contlnued A current year 12 months and prior year 12 mnths combined position is as lolk)ws: Net movernent In fvnds At 31.3.23 At 1.4.21 Unrestrlct9d funds General fund 37,465 (5.094) 32,371 Restrlcted funds Reslricted fund 502.942 502.942 TOTAL FUNDS 37,465 497.848 535,313 A current year 12 months arKI prior year 12 months combined net movement In funds, inthjded in abov8 are as follows.. Incomir resources Resources expended Movement in funds Unre$trl¢ted funds General fund 72.346 {77.4401 15.0941 Restrfcted funds Reslrided fund 514,846 (l1.Sl 502.942 TOTAL FUNDS 587,192 189.344) 497.848 12. RELATED PARTY DISCLOSURES There were no related paty transactlons for the year ended 31 Marth 2023. Page11
Whltb Bon Club ailed S alem nt of Financi81 ctivili 31.3.23 31.3.22 as r8StalgJ INCOME AND ENDOWMENTS Donatlons and1oga¢les Donations Subscriptions Fundraising events 974 3,704 25.213 5.692 6.739 11,043 29.891 23,474 Other Incom• Lottery Coun(yl grants Woodsmith Foundallon Towns Fund 10.000 160.CQO 136.115 50.OCQ 177,710 187,712 346.115 Total Incomlng roUrCeS 217.3 369,589 EXPENDrruRE Other tradlng actlvhles Fundraising event costs Prize money 8oxing gear and equipmenl 11,420 2,749 3,793 3,121 15,325 13,885 Support costs Management Rent. Tates and waler Insurance Light and heal Postage and stationery Advertising Sundries Travel expenses Administrative expenses Telephon8 Oepn of boxlng equlpment 1.592 1,260 1,199 236 821 692 210 16 838 351 546 5,1V2 16 1,999 12,332 6.107 Governance costs Accountancy fees Legal & wofes5ional fees 10,038 29.977 10,938 30,757 T¢)tal re$ourco8 expended 38.595 50,749 Net Income 179,008 318,840 This page do8s not fomi part ofthe Ststylory financial ststements Page 12
REGISTERED COMPANY NUMBER: CE021846 (England and Wales) REGISTERED CHARrrY NUMBER: 1189484 he Tru and ed Fin for th nd Whilb Boxin Club Philip Burley & Co Chartered Accountsnts 28 Bagdale Whitby Y0211QL
ci Contents of the Financial Statements they Page Report of th8 Trustees Independent Examinerfs Report Statement of Financial Activilie8 Balance Sheet 4 to 5 Notes lo the Finanual Statements 6 to 11 Detalled Stal8ment of Finandal Activities 12
Wh5 Boxin Club rt of the Trustees for the Year Ended 31 March 2023 The tsustees who are also dlrectors of the charity for the purposes of the Comp8nig8 Act 2006, preserrt their report with the financial statements of the charity for the year ended 31 March 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities". Statement of Recommended Practlce applicable lo tharflres preparing their 8ccounls in a¢xordance wilh the Financlal Repothng Standard 8ppl¢cablg in th9 UK and RepUbC of Ireland (FRS 1021 (effecliv8 1 January 2019). STRUCTURE. GOVERNANCE AND MANAGEMENT Gov•ming dorumont The charty is controlled by its governing doujmenl, a deed of trust. and constitsjles a limlted company. miled by guarantee, as defined by the Companies Act 2006. REFERENCE AND ADMINISTRATIVE DEfAILS RegIStsr Company number CE021846 (England and Wales} Registered Charty number 1189484 Rgglstered offic Clo Mr G L Morrison 80 Eskdal8 Road Whllby North YoTkshlre Y022 4JJ Trustees G L Morrison C Harris W Smith S Blackwell Company Secretary Indopend$nt Examlner Mr Stewart Davies ACA FCCA Phllip Burley & Co Chartered Accountants 28 Bagdale Whilby Y0211QL Approved by order of tho board of trustees on 20 De¢ember 2024 and signed on Its behalf by.. G L Morrison - Trustee Page 1
Inde ndent Ex8mlnerfs Re ort to the Trustees of Whilb Boxin Club Independent examlnevs r9POrt to the trnstws of Whltby Boxlng Club {Ihe Company,) I report to the charfty tnleeS on my examination of the accounts of the C(xnp8ny for Ihe year ended 31 March 2023. R•sponslblllttes and basis of report As the ch8ritys trustees of the Company land also ils dSrectors for the purposes of company law) you are responsible for the preparation of the aCts in acwrdance wlth the requirements of the Companies Act 2006 Ilhe 2006 AcV}. Having satisfied myself that the accounts of the Company are not required lo be audited under Part 16 of thè 2006 Act and are eliglble for independent examination. I report in respect ol my examination of your charlvs accounts as carried out under Section 145 of the Charities Act 2011 (Yhe 2011 ACVI. In carrylng out my examinaJon I have followed the Directions given by the Charlty Commission under Sectlon 14515) Ibl of the 2Q11 Act. Independent examlnerf$ statement I have completed my examination. I confirm that no matters have oyne to my attention in ¢yJnnection wtth tho examination giving me cause to believe.. accounting records were not kept In respect of th8 Company as required by Sectv)n 386 of the 2C(fj the accounts do not accord those records,. or the accounts do not c)Jmpty wlth the artounting rgquSrements of Section 396 of the 2006 Act other than any requirement that the accounts glve a true and fair view whith is not a matter considered as part of an Indgpendent examination.. or the accounts have not been prepared In accordance th8 methods and principles of th8 Stslement of Reoxsmmonded Pracuce for accounting and reporting by charities lapplicable to tharib'es preparing Ihelr accounts accor(ian¢* with the Flnanckql Reporting Standard applicable in the UK and Republic of Ireland IFRS 10211. I have no eoncems arKI have come acros8 no other matters in conn8etlon vAth the examlnation to whi¢h attention shoukl be drawn in this report In order lo enable a proper understandlng of the accounts to bg reached. Mr Stewart Davies ACA FCCA Philip Burley & Co Chartered Actountants 28 Bagdal8 Whitby Y021 1QL 20 December 2024 Page 2
Whiib Boxin Club Stale nl of Finanoal Activilles 02 31,3.23 Totsl funds Unrestricted fund 31.3.22 Total funds as restated Restricted fund Notes INCOME AND ENDOWMENTS FROM Donations and legaci8S 29.891 29,891 23.474 Othar income 187.711 187.712 346,115 Total 29.892 187,711 217,603 369.589 EXPENDrruRE ON Raising fvnds 26,691 11.904 38.595 50.749 NEf INCOME 3,201 175.807 179.008 318.840 RECONCILIATION OF FUNDS TO funds brght loard 29,170 327.135 356,305 37,465 TOTAL FUNDS CARRIED FORWARD 32,371 502,942 535.313 356,305 The notes form part ofthese financial statements Page 3
Whltb Boxln Club lan li 31.3.23 31.3.22 Total funds as restated Unrestricted fuThJ Rethcted fund fvnds Notes FIXED ASSETS Tangible assets 489,871 489.871 359,056 CURRENT ASSETS Debtors Cash al bank 327.135 30.270 35,203 13,071 48,274 35,203 13.071 48,274 357.405 CREDITORS Amounts falh'ng due within one year 12,8321 12.8321 1360,156} NET CURRENT ASSErs 32,371 13,071 45,442 (2,751 } TOTAL ASSEfs LESS CURRENT UABILmes 32,371 502,942 535.313 356,305 NET ASSETS 32.371 502.942 535,313 356,305 FUNDS Unreslrfcted fund8 Restricted funds 11 32,371 502.942 29,170 327.13S TOTAL FUNDS 535,313 356,305 The charitable company entitled to exempuon from audit under Sectton 477 of th8 CoMpanS Act 2006 for the year ended 31 March 2023. The members have not required the company to obtain an audtt of its financlal stslements for the year ende<l 31 March 2023 in accordanc@ with Section 476 of the Companl8s Act 2006. The trustees acknowledge their responsibiliues for (al ensuring that the charttable company keeps accountlng records that wmpty with SecthJn$ 386 and 387 ofthe Companies Act 2006 and Ib) preparing financial statements which glve a true 8nd falr view of th8 Stats of affairs of the charitable company as at the end of each financial year and of its surplus or defiot for each financial year in accordan with the requirements of Sections 394 arKI 395 and which otherwse comply wth the requSrements of the Companies Act 2006 relating lo flnancial statsments. so far as applicabl8 to the charttable company. The notes fomi part 01th financial statements Page 4 ontinL*d...
Whi Boxin Club Balance She l- u)ntinued 31 March 2023 These financial statements have been prepad in accordance th the provisions applicable lo charitable L)Jmpanies subject to the small companies regime. The flnancial ststements were approved by the Board of Tte&S and aulhorlsed for Issue t 20 December 2024 and re signed on its behalf by.. G L Morrison - Trustee The notes fotm part ofthese finandal statements Page 5
Ilb Boxin Club Notes to the Finanoal Statements for the Year Ended 31 March 2023 ACCOUNTING POLICIES Basi$ of preparfng thg flnancl41 statoments The financial statements of the charitable company, whlth ts a public benefit enlily under FRS 102, have been prepared in accordance with the Charities SORP {FRS 1021 'Accounlng and Reporb'ng by Charilles.- Statement of Recommended Practice applicable to charities preparing Ihelr accounts in accordance with the Financial RepOfty Stsndard applicab in the UK and Republic of Ireland IFRS 102) (effective 1 January 2019),. Financial Reporting Standard 102 The Financial Reporting Standard applicable In th8 UK and Republic of Ireland, and the Companies Acl 2006. The finala1 statements have been prepared under the historfeal cost conventlon. Income Al income is recognised In the Statement of Financial ActivSlles on¢* the charity has entiuement to the fijnds, it is probable that the income wll be recewed and the amount ¢xn be measured reliabty. Expendlturo Liablltties are recognlsed as expendIlu as SLM)n as there is a legal or cnstructive obligatlon committing the charity to that expenditure, it is probable that a transfer of economlc bengfits will be quired in settlement and the 8mount ol the obligation can be measured reliably. Expenditure ig accounted for on an accruals basis and has been classffied under headlngs that aggwate all c1 related lo the category. Wherg costs nn0t be directty attributed lo partlcular headings they have been allocated to actSvlties on a basis consistent with the use of Tesour¢es. Tanglble fixed assets Depreciation Is provided al the following annual rates In order lo write off ea¢h asset over Its estimated useful lile. Freehold propety Boxing equipment 10YG on reduang balance Taxauon The charity is exempt from rporatiOn tax on its charitable activities. Fund accountlng Unrestricted fvnds can be used in accordance wth the tharitable objectives al the dsetion of the Restricted funds can only be used for particular reslrfcted purpx)s88 wthin thè otygcts of th8 charity. Restrictions arise when specrfied by the donor or when funds are raised for particular resthcted purpose5. Further explanallon of the nalure and purpose of each fund Is Induded In the notes to the financial statements. NET INCOMEI{EXPENDThURE) Net incomellexpenditure) is stated after Chargin(Creditingl. 31.323 31.3.22 a8 reststed Depreaation- owned assets 1,999 Page 6 continued...
Whitb Boxin Club N¢)tes lo the Financial Statements- continued for the Year Ended 31 March 2023 TRUSTEES. REMUNERATION AND BENEFrrs There were no trustees, r8muneration or other berrtS for the year ended 31 March 2023 nor for th8 year ended 31 March 2022. Trustegs. expense$ There were no trustees. expenses paid for the year ended 31 March 2023 nor fcf the year ended 31 March 2022. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted nd Rethcted fund Tot fijnds as rgstated INCOME AND ENDOWMENTS FROM Donations and legaryes 23,474 23,474 Other income 18,980 327.135 346,115 Total 42,454 327.135 369,589 EXPENDITURE ON Raising funds 50,749 50,749 NET INCOMEIIEXPENDrrvREI 18,295) 327.135 318,840 RECONCILIATION OF FUNDS Total fvnds brought fornard 37,465 37,465 TOTAL FUNDS CARRIED FORWARD 29,170 327,135 356,305 PRIOR YEAR ADJUSTMENT The charity has recelved sufficient income In the period lo require the preparauon of amals-based accounts for both the 2023 and 2022 comparative figures. The 2022 comparative figures have been restated as follows: DR CR Trade Debtors FundSng £327,135 £327,135 This amount is a provision for the expected funding from Sport England. the Woodmill Site and S¢xrborough Borough Council. Freehold Propety Cost Trade Credllors £359.056 £359,056 This was the anM)unl expected to be paKI to Foden Spence Builders at lh8 end of the tsThJer process as well as the liabillty to Abacus forthe gym project. Accountsncy £780 Page 7 continued...
Notes to the Financial Statem for Ih Year Ended 31 M rch 2 nts - continued PRIOR YEAR ADJUSTMENT- contlnued Awuals £780 An accru81 for the accthntancy fees relating to ihe 2020 and 2021 accounts. Trdvel expenses £320 Accwals £320 An accrual fortravel )sts due to be p81d to head coach Mr S Lorrains. NOTES REGARDING THE RESTRICTED FUND The Restricted Fund per the accounts relates to the New Build BOng Gym pmJect that commenced in 2022. The proie¢X was completed in October 2022 with all Boxing Club liabifities settled by the 3151 March 2023. £54,00 was transferred from the Clubs & Socleties bank ac¢ounl lo the Current bank acmint In ordor to pay builders fees of £41.737. Thls leaves £12,263 of the Rgstrlcted Fund In the Cuttent account at the year*nd that wll need to be transferred back lo the Clubs & SocSeties bank account. The followlng expenses not SP8cthed as part of the project were paid from Ihe Restricted Fund In th Clubs & Socleties bank accounl: £529 pald to Eastsrde Communrty Centre to ¢xNer light and heal costs. £122 was paid to cover the travel expenses of Mr S Lorrains. TANGIBLE FIXED ASSETS Freehold property Boxiry equipment Total8 COST Al 1 Aprfl 2022 Addilions 359.056 112,814 359,056 132.814 At 31 March 2023 471,870 20.000 491.870 DEPRECIATION Charge for year 1,999 NEf BOOK VALUE At 31 March 2023 471,870 18,001 489,871 At 31 March 2022 359,056 359,056 Page 8 ¢ontinu8d...
Whilb B Clu les lo the Financial ear d31 lemenls- 202 ntinued DEBTORS: AMOUNTS FALLING DUE wfTHIN ONE YEAR 31.3.23 31.322 as reslated Trade debtors 327.135 CREDrroRS." AMOUNTS FALUNG DUE WITHIN ONE YEAR 31.323 31.3.22 restatsd Bank bans and overdrafts (see note 10) Trade creditors Acmed expenses 651 3S9.056 1,100 2.181 2.832 360.156 10. LOANS An analysis of the maturity of loans is given below-. 31.3.23 31.3.22 as restated Amounts falllng due wilhln one year on demand: Bank overdrafts 651 11. MOVEMENT IN FUNDS Net movement in fijnds At 1.422 31.3.23 Unrestrlctgd funds General fund 29.170 3,201 32,371 Rgstrlcted funds Restricted fund 327.135 175.807 502,942 TOTAL FUNDS 3S6,305 179,¢)08 535,313 Page 9 continued...
Whitrj Boxin Club Notes lo the Financial Statements- continued for the Year Ended 31 Ma h 2023 11. MOVEMENT IN FUNDS - continued Net movement in funds, Includgj in the above are as folhjws: Incoming Resources Movement expended in fund$ Unr•strlcted funds General fLtnd 29,892 126,691) 3,201 Rostrlcted funds Restricted fijnd 187,711 111.904) 175,807 TOTAL FUNDS 217,603 138,5951 179,008 Comparatives for movoment In funds Net movement in funds At 1.4.21 31.3.22 Unrestrlct•d funds General fund 37,465 18,295) 29,170 Restrlcted fund$ Restricted fund 327,135 327,135 TOTAL FUNDS 37,465 318.840 356,305 Comparative net movement In fvnds, incfuded in the above are as follows: Incoming resources Resources Movement expended in fvnds Unrg$trlcted funds General fund 42.454 {50,7491 18,295) Restrlctsd fvnds Reslricled fund 327,135 327,135 TOTAL FUNDS 369.589 150,749) 318,840 Page 10 continued...
Whilb Boxin Club Notes lo the Financial Statements- eontin eye rEnd 31 March 2 11. MOVEMENT IN FUNDS . contlnued A current year 12 months and prior year 12 mnths combined position is as lolk)ws: Net movernent In fvnds At 31.3.23 At 1.4.21 Unrestrlct9d funds General fund 37,465 (5.094) 32,371 Restrlcted funds Reslricted fund 502.942 502.942 TOTAL FUNDS 37,465 497.848 535,313 A current year 12 months arKI prior year 12 months combined net movement In funds, inthjded in abov8 are as follows.. Incomir resources Resources expended Movement in funds Unre$trl¢ted funds General fund 72.346 {77.4401 15.0941 Restrfcted funds Reslrided fund 514,846 (l1.Sl 502.942 TOTAL FUNDS 587,192 189.344) 497.848 12. RELATED PARTY DISCLOSURES There were no related paty transactlons for the year ended 31 Marth 2023. Page11
Whltb Bon Club ailed S alem nt of Financi81 ctivili 31.3.23 31.3.22 as r8StalgJ INCOME AND ENDOWMENTS Donatlons and1oga¢les Donations Subscriptions Fundraising events 974 3,704 25.213 5.692 6.739 11,043 29.891 23,474 Other Incom• Lottery Coun(yl grants Woodsmith Foundallon Towns Fund 10.000 160.CQO 136.115 50.OCQ 177,710 187,712 346.115 Total Incomlng roUrCeS 217.3 369,589 EXPENDrruRE Other tradlng actlvhles Fundraising event costs Prize money 8oxing gear and equipmenl 11,420 2,749 3,793 3,121 15,325 13,885 Support costs Management Rent. Tates and waler Insurance Light and heal Postage and stationery Advertising Sundries Travel expenses Administrative expenses Telephon8 Oepn of boxlng equlpment 1.592 1,260 1,199 236 821 692 210 16 838 351 546 5,1V2 16 1,999 12,332 6.107 Governance costs Accountancy fees Legal & wofes5ional fees 10,038 29.977 10,938 30,757 T¢)tal re$ourco8 expended 38.595 50,749 Net Income 179,008 318,840 This page do8s not fomi part ofthe Ststylory financial ststements Page 12