CHARITY COMMISSION FOR ENGLAND AND WALES Trustees, Annual Report for the period From 0110112023 Period start dats To 31101212023 Period end dats Charity name: Track Fitness Boxing Charfty registration number: 1193279 Objectives and Activities SORP refèrence Summary ofthe purposes of the charty as Set out in its governing document Par• 1.17 Track Fitness and Boxing aims to run sustainable communrty gym in Beverley and surrounding areas, benefiting people aged 5 and up by promoting physical fitness, mental health, and well-being. The club provides structured fitness and boxing activities, coaching, and competitive opportunities in a safe, fun, and accessible environment, encouraging participation in amateur boxin for all a es. To offer coaching and competitive opportunities in boxing through England Boxing To offer altemative fitness and heafth programs to engage the widor community To promote the club within the local ommunity, including schools and education provider5, and local specialist services who will refer people to us To ensure a duty of care to all members of th8 club by ensuring a safe and enjoyable environment is maintained To provide an opportunity for disengaged children, young people and adults to undertake positive activities and assist in the reduction of anti-social behaviour. The trustees confimi that, in exercising their powers and duties. they have had due regard to the guidance issued by the Charity Commission on public benefit. In particular, they have considered how the charity's activities contribule lo the physical fitness, mental health, and well-being of the community, and ensure that the services provided are accessible and available to people of all ages from 5 years upwards. Summary of the main activilies in relation to those purposes for the public benefit. in particular, the activrties, projects or serVi￿S identified in the accounts. Para 1.17 and 1.15 ststement confinning whether the trustees have had regard to the guidan issued by the Charity Commission on public benefit Para 1.1B Additional information (optional) You may choose to include further statements where relevant about.. SORP refer*n¢g Para 1.38 Policy on grant making NIA Policy on social inveslment including program related investment Pgr8 1.38 NIA Contribution made by volunteers Para 1.38 The trustees acknowledge and appreciate the vital contribution of our volunteers. whose time and skills are essential to the running of the ¢lub. Volunteets support coaching, mentoring, event organisation. travelling to and attending compelitions and external shows and administrative tasks. enabling the club to provide a safe, inclusive, and enjoyable environment for all members. Their Commitment not only furthers the charity's objectives of promoting physical fitness, mental well- being, and community engagement, but also represents significant economic value. Based on average volunteer hours and national volunteering rates, their contribution is estimated to be worth approximately £25,090 annually, reflecting the substantial impact the charity's volunteers have on sustaining the club's activities. NIA Other Achievements and Performance SORP reference Summary of the main achievements of the charity, identifying Ihe difference the harity's work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. Para 1.20 During the year, the charity's community boxing gym has delivered a wide range of activities that have transformed the lives of ils members and created measurable benefits for the wider community. Empowering Young People and Building Life Skills - The gym provides structure, routine, and positive role models, particularly for young people who may be struggling at school or work. Through boxing training and competitions, members develop essential life skills such as discipline, communication, problem-solving, resilience, and a growth mindset. Youth Engagement and Crime Prevention - By offering a safe. disciplined environment, the kee￿S￿9.￿￿Ie off the streets oun eo and away from negative influences such as gangs, drugs, or crime. It creates a sense of purpose and connection. fostering respect, accountability, and positive relationships across age, race, and background. Improving Physical and Mental Health - Regular training supports physical fitness and emotional well-being, helping members manage stress, anxiety, and depression. The program boosts Self-confiden￿ and self-worth through continuous personal grovl(h and skill development. Promoting Equalty, Diversity and Inclusion - The gym welcomes people from all backgrounds, actively promoting equality regardless of race, gender, religion, sexual orientation, disability, or income. Female- only sessions, women coaches, beginner- friendly programs, and adaptations for neurodiverse or disabled members ensure access for everyone. Wider Benefrts to Society - The charity's work extends beyond boxing. By reducing antisocial behaviour, improving health outcomes, fostering inclusion. and Strengthening community ties, the gym makes a positive contribution to social cohesion and public well-being. Its inclusive approach helps break down barriers and inspi￿$ long-temi community develo ment. Addltlonal infomiation loptional) You may choose to include further statements where relevant about.. Achievements against objectives sel PAra 1.41 During the year, the charity made strong progress against the objectives set by the trustees. Key targets for youth engagemenl, communty inclusion, and health promotion were met through the delivery of structured boxing programmes, subsidised memberships, and outreach activities. The gym successfully provided safe and supportive environment for young people, improved access for low-income families, and expanded female participation through dedicated sessions and coaching opportunities. Environmental and social sustainability initiatives, such as promoting reusable bottles and refurbishing equipment, were also implemented, demonstrating the charity's commitment to long-tem community benefrt despite rising or2tional cost#. Performance of fundraising activities against objectives set Para 1.41 During the yeaf, fundraising activilies were carried OLrt in line with the objectives set by the trustees to support the gym's operational costs and community programmes. Despite rising utility and rental expenses. the charity successfully delivered key fundraising events and secured lo¢al sponsorships, which helped offset increased costs and maintain subsidised memberships for those in need. While income from club shows and communrty events provided essential support, financial pressures meant that not all targets were fully achieved. Continued efforts, including seeking grant funding and expanding sponsorship opportunrties, remain a priority to sustain services and achieve future fundraisin oals. NIA Investm8nt perfomance against objectives P8ra 1.41 Other NIA Financial Review Review of the charity's financial position at the end of the period P8ra 1.21 At the end of the year, the charily is in a stable financial position. Key points are: The charity h8$ sufficient funds to continue its activities and meet its obligations. Unreslricted reserves have decreased this year due to a significanl reduction in income from the absen￿ of government grants and increased costs. Despite this, the trustees have carefully considered ways to increase income and have taken positive steps to secure additional funding streams. Restricted funds have been used for their intended purposes, wilh any remaining balances carried for4vard to support ongoing projects. Th8 trustees have reviewed potèntial risks and are confident that the charity can continue to o rate as a oin concern. The charity aims to maintain a prudent level of reserves to ensure the stability and continuity of our work. These reserves help us to cover essential operating costs in case of unexpeded shortfalls in incom& or delays in funding, manage unexpected expenses and èm6rgenci8s and allow us to take advantage of opportunities to improve or expand our servi￿$ stalem8nt explaining the policy for holding reserves Stating why they are held Para 1.22 The tru5te8s review the lev81 of reserves annually to ensure they remain appropriate in lighl of the charity's current activities, future plans. and potential risks. Any use of resetves is carefully considered to maintain the charity's long-lemi financial health while its mission. £1,872.50 NIA Amount of reserves held Reasons for holding zero reserves Details of fund materially in deficit Explanation of any uncertainties about the charity continuing as a going concem Para 1.22 Paia 1.22 Para 1.24 NIA Para 1.23 The trustees have assessed the charity's financial position, reserves, and future funding prospects. While the charity's reserves have reduced compared with previous periods due to lower income. increased expenditure. and the absence of govemment funding, the trustees have explored alternative funding streams and additional sponsorship opportunilies lo help restore and increase reserves going forward. At present, they are satisfied that there are no signrficant uncertainties that would cast doubt on the charity's ability to continue operating for the foreseeable future. Additional inforniation (optional) You may choose to include further statements where relevant about.. The charity's principal sources of funds (including any fundraising) Para 1.47 Membership Fees- Regular income from gym users. including low-cost or subsidised memberships to maintain accessibility. Fundraising Events - Income generated from fundraising activity's such as 'bus stops,, sponsored runs and hosting club shows which also serve as key fundraisers. Local Sponsorships- Support from local businesses that contribute sponsorships to help cover event and programme costs. Grant Funding l Donations - Occasional or targeted grants and communty funding to help sustain programmes and offset rising operational Costs {e.g., utilities, equipment lacement . NIA Investment policy and objectives including any social inveslment olic ado A description of the principal risks facing the charity Paro 1.46 Para 1.46 The principal risks facing the charity are primarily associated with maintaining accessible services. The charity's relian on fundraising events, local sponsorships, and govemment funding exposes it to fluctuations in income. The main risk is the possibility of receiving no government funding, which could significantly impact the charity's ability to deliver its services consistentl NIA Other Structure, Governance and Management Description of charity, trusts.. Type of goveming document Par• 1.25 Association Model Constitution How is the charity constituted? P*ra 1.25 Charitable Incorporated Organisation Trustee selection methods including details of any constitlrtional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees Para 1.25 In accordance with the governing document, there must be at least three charity trustees. The maximum number of chanty trustees is 12. At each annual general meeting. around one-third of the charity trustees must retire by rotation. Trustees who have s6rved tha longest since their last appointment step down first.. rf terms are equal, the retiring trustees are chosen by lot. Vacancies created may be filled by members at the meeting or laler by either the members or the trustees, provided the maximum number of trustees is not exceeded. Trustees appointed by members follow the normal rotatlon rules, while those appointed by trustees themselves seNe only until the next annual eneral meetin Additional Inforniation (optional You may choose to include further statements where relevant about.. Policies and procedures adopted for Ihe induction and training of truslees The charity's organisational structure and any wider network with which the harit works Relationship with any related arties Other Para 1 51 NIA Para 1 51 NIA Para 1.51 NIA NIA Reference and Administrative details Charil name Other name the charity uses istered charit nLJmt*r Track Frtness and Boxin 1193279 Charity's principal address Units7&8 Kilnbeck Business Park Annie Reed Road Beverley HU17 OLF Name$ of the charity trustees who manage the charlty Nam• of pèr•on lor l>odyl wrtitl8d to appoint trutyts• if an Trustse name Office Irf any) Dates actsd If not forwhole year Jonathan Thorne Chair Treasurer Jordan Thorne Laura Stewart Secretary Rob Atkinson Glen Irvine Adam Wallis Child Welfare OffI￿r Cor orate trustees- names of the directors at Ihe dale the re Dlrector name ortwasa roved Name of trustees holding title to property belonging to the charity Tnmtee name Dates acted If not for whole ear Funds held as custodian trustees on behalf of others Description of the assets held in this Ga acit Name and objeds of the charity on whose behalf the assets are held and how this falls within the custodian chari 's ob'ects Details of arrangements for safe custody and segregation of such assets from the charity's own assets NIA NIA NIA Additional Information loptional) Names and addresses of advisers (Optional inforniation) Type of Name Address adviser Name of chief exe¢utive or names of senior staff members (Optional inforniation) Exemptions from dlsclosure Reason for non41i8clo8ure of ke rsonnel detsils Other o tlonal Inforniatlon Declarations The tru*tee* doclaro that they have approved the tru•to88' rnport above. sIgn￿ on lJ•half of the charity's truste•s Slgnature(s) Full name(•) Po•ltlon {•g S•cr•lary, Chalr, etc) Jonathan Thome Chair ## **Financial Statement** ## **Track Fitness and Boxing For the year ended 31 December 2023** |**Financial Statement**
**Track Fitness and Boxing**
**For the year ended 31 December 2023**|| |---|---| ||**2023**| |**Turnover**|| |Boxers Subs|9,111.27| |Donations|12,075.00| |Event Income|11,292.92| |Grants|11,985.00| |**Total Turnover**|**44,464.19**| |**Gross Profit**|**44,464.19**| |**Administrative Costs**|| |Boxer Costs During Travel|3,916.76| |Championship and Box Cup Entries|145.00| |Coaches Wage|320.00| |Electricity|437.31| |Equipment Costs|6,589.19| |Event Costs|9,335.95| |Fuel|2,885.27| |General Expenses|220.33| |Gym Insurance|794.54| |Gym Rent|6,982.71| |Hotels|525.88| |Insurance|(54.24)| |Legal Expenses|420.00| |Rates|1,215.35| |Repairs and Maintenance|294.28| |Vehicle Insurance|33.64| |**Total Administrative Costs**|**34,061.97**| |**Operating Profit**|**10,402.22**| |**Profit on Ordinary Activities Before Taxation**|**10,402.22**| |**Profit after Taxation**|**10,402.22**| Profit and Loss Track Fitness and Boxing 23 Sept 2025 Page 1 of 1 ## **Independent examiner's report to the trustees of Track Fitness and Boxing** I report to the trustees on my examina1on of the accounts of Track Fitness and Boxing (the Trust) for the year ended 31[st] December, 2023. ## **Responsibili