Report of the trustees for the periods 1[st] Oct 2021 to 30[th] September 2022
Section A Reference and administration details
The Trustees are pleased to present their report together with the financial statements of the Charity for the periods 1[st] Oct 2020 to 30[th] September 2022
Charity number 1191711
Phone number 07856 750283
Principal office Winchester Halls, Winchester Avenue, Stoke on Trent, ST2 0LL
Trustees who managed the charity during the period
Richard Maxwell (Chair)
Lee Jones
Catherine Marie Matthews (joined 16/11/2021)
Section B Structure, governance and management
10 Count Boxing Gym is a CIO Charity and governed by its governing document. New trustees are elected by existing trustees vote.
Section C Objectives and activities
(A) The promotion of community participation in healthy recreation for the benefit of the inhabitants of stoke‐on‐trent and the surrounding areas by the provision of facilities for amateur boxing.
B) to provide or assist in the provision of facilities in the interest of social welfare for recreation or other leisure time occupation of individuals residing in stoke‐on‐trent and the surrounding areas who have need of such facilities by reason of their youth, age, infirmity or disability, financial hardship or social circumstances with the object of improving their conditions of life..
Section D Achievements and performance
The charity has received £123,842 Grants including £50,000 from the City of Stoke on Trent Council. Most of the grants was spent on the roof as it was in a terrible condition. Also it helped us to run our round 1 program on Saturdays for young people. Bentilee is an underprivileged area and again these grants have helped us to keep our kids classes open to everyone including many families that cannot pay.
Section E Financial Review
The charity has 1 Bank account with Natwest and also the charity website is used to receive donations and payments to suppliers. Monies received via website are transferred to Bank account on timely basis. Charity is entirely financed by membership fee, donations and fundraising.
Section G Declaration
Approved by order of the board of trustees on 19‐10‐2022
Mr Richard Maxwell
Trustees who approved the report above.
Richard Maxwell (Chair) Lee Jones Catherine Marie Matthews
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Ten Count Boxing Gym CIO
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Charity Reg no 1191711
Web: TenCountBoxingGymCIO.com Tel: 07856 750283
10 Count Boxing Gym CIO
Annual unaudited Accounts
for the period 1st Oct 2021 to 30th Sep 2022
Page 1 of 6
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Ten Count Boxing Gym CIO
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Charity Reg no 1191711
Web: TenCountBoxingGymCIO.com Tel: 07856 750283
Approval Statement for the period 1st Oct 2021 to 30th Sep 2022
We approve the accounts which comprise of Receipts and Payments Account and related notes. We acknowledge our responsibility for the accounts, including the appropriateness of the applicable financial reporting framework as set out in note 1, and for providing KiQi Chartered Certified Accountants with all information and explanations necessary for their compilation.
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Richard Maxwell
Trustee
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Lee Jones
Trustee
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for and on behalf of the Management Committee, Ten Count Boxing Gym CIO
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| Notes Income Received 2 Total Donations Less: Expenditures Advertising/ Promotions & Online Services Bank,Credit Card & other Financial Charges Heat,Light &power Insurance Merchandise Rent and Rates Repairs,Renewals & Maintenance Remunerations Telephone & Internet Costs Travel & Subsistance Professional Fee Subscriptions & Trainings Fee 0 0 Total Payments Net Receipts/(-Payments) |
Notes Income Received 2 Total Donations Less: Expenditures Advertising/ Promotions & Online Services Bank,Credit Card & other Financial Charges Heat,Light &power Insurance Merchandise Rent and Rates Repairs,Renewals & Maintenance Remunerations Telephone & Internet Costs Travel & Subsistance Professional Fee Subscriptions & Trainings Fee 0 0 Total Payments Net Receipts/(-Payments) |
30/09/2022 30/09/2021 |
30/09/2022 30/09/2021 |
|---|---|---|---|
| £141,418 £29,366 £141,418 £29,366 30/09/2022 30/09/2021 |
£29,366 £29,366 |
||
Net Receipts/(-P |
|||
| £574 £1,051 |
|||
| Bank,Credit Card & other Financial Charges | £0 £91 |
||
| Heat,Light &power | £930 £315 |
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| Insurance | £847 £253 |
||
| Merchandise | £408 £519 |
||
| Rent and Rates | £16,500 £15,250 |
||
| Repairs,Renewals & Maintenance | £72,830 £1,262 |
||
| Remunerations | £10,130 £800 |
||
| Telephone & Internet Costs | £484 £648 |
||
| Travel & Subsistance | £7,626 £630 |
||
| Professional Fee | £4,340 £0 |
||
| Subscriptions & Trainings Fee | £489 £0 |
||
| 0 | £0 £0 |
||
| 0 | £0 £0 |
||
| Total Payments ayments) |
£119,098 £23,684 |
||
| £22,321 £5,682 |
Net Receipts/(-Payments)
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STATEMENT OF ASSETS AND LIABILITIES as at 30th Sep 2021
| Opening Cash Funds Natwest A/C Website-Adyen Cash in Hand Total Cash Funds at beginning of the accounting period Add Receipts Less Payments Expected Total Cash Funds at year end Closing Cash Funds Natwest A/C Website-Adyen Cash in Hand Actual Total Cash Funds at year end Liabilities Electrician |
Opening Cash Funds Natwest A/C Website-Adyen Cash in Hand Total Cash Funds at beginning of the accounting period Add Receipts Less Payments Expected Total Cash Funds at year end Closing Cash Funds Natwest A/C Website-Adyen Cash in Hand Actual Total Cash Funds at year end Liabilities Electrician |
01/10/2021 07/09/2020 |
|---|---|---|
| £4,736 £0 |
||
| Website-Adyen | £946 £0 |
|
| Cash in Hand | £0 £0 |
|
| £5,682 £0 £141,418 £29,366 |
||
| Payments | -£119,098 -£23,684 |
|
| £28,003 £5,682 |
||
| 30/09/2022 30/09/2022 |
||
| £26,115 £4,736 |
||
| Website-Adyen | £0 £946 |
|
| Cash in Hand | £1,888 £0 |
|
| £28,003 £5,682 |
||
| 0 | ||
| £1,000 |
Total £1,000 £0
Assets in Use
Page 4 of 6
Notes
1
These receipts and paymentsare prepared on cash basis
| 2 | Bank | Cash | Website | Grand Total | ||||
|---|---|---|---|---|---|---|---|---|
| Income | Adyen Membership Fee | 0 | 0 | 7,864 | £7,864 | |||
| Grants | 123,842 | 0 | 0 | £123,842 | ||||
| Gym/Space Hire | 1,250 | 1,590 | 0 | £2,840 | ||||
| Membership Fee | 3,647 | 1,600 | 0 | £5,247 | ||||
| Merchandise | 360 | 0 | 0 | £360 | ||||
| Donations | 150 | 0 | 0 | £150 | ||||
| Onsite Trainings Fee | 400 | 0 | 0 | £400 | ||||
| Sponserships - Fund Raisings | 715 | 0 | 0 | £715 | ||||
| Income Total | 130,364 | 3,190 | 6,883 | £141,418 |
Page 5 of 6
Independent examiner's report to the trustees of Ten Count Boxing Gym CIO
I report to the charity trustees on my examination of the accounts of theabove CIO for the period 1st Oct 2021 to 30th Sep 2022, which are set out on pages 3 to 4.
Respective responsibilities of trustees and examiner
As the charity trustees of the CIO you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
It is my responsibility to:
- examine the accounts under section 145 of the 2011 Act;
• to follow the procedures laid down in the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
- to state whether any particular matters have come to my attention.
Basis of independent examiner’s report
My examination was carried out in accordance with the general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.
Independent examiner's statement
The trustees have prepared receipts and payments accounts showing donations received in the period of £141418 All transaction were recorded on timely basis, digitally and proper book keeping were kept to support any payments made and received with narrations.
In connection with my examination, no material matter have come to my attention, other than that referred to in the above paragraph;
which gives me reasonable cause to believe that in, any material respect;
-
accounting records were not kept in accordance with section 130 of the Charities Act or
-
the accounts do not accord with the accounting records have not been met
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
Mr Rashid JALAL [(FCCA)] Fellow of Association of Chartered Certified Accountant (ACCA)
Date: 19-Oct-22
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