2024-12-31-accounts

CHARITY COMMISSION FOR ENGLAND AND WALES Trustees, Annual Report for the period From 0110112024 Period start date To 31101212024 Period end dats Charity name: Track Fitness 8oxing Charity registration number: 1193279 Objectives and Activities SORP reference Para 1.17 Summary of the purposes of the charity as set out in its goveming document Track Fitness and Boxing aims lo run a sustainable community gym in Beverley and surrounding areas, benefiting people aged 5 and up by promoting physical frtness, 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 frtness and health prograrns to engage the wider community To promote the club within the local community, including schools and education providers, and local specialist services who will refer people to us To 8nsure a duty of care to all members of the club by ensuring a safe and enjoyable environment is maintsined To provide an opportunity for disengaged children, young people and adults to undertake positive activilies and assist in the reduction of anti-social behaviour. The trustees confirm that, in exercising their pow￿rS and duties. they have had due regard to the guidance issued by the Charity Commission on public tenefil. In particular. they have considered how the charity's activities contribute to the physical fitness, mental health. and well-being of the community, and ensure that the services provided are ac￿Ssible and available to people of all ages from 5 years upwards. Surnmary ofthe main activities in relation to those purposes for the public benefit, in particular, the activities, projects or sernices identified in the a¢counts. Para 1.17 and f.19 statement confirming whether the trustees have had regard to the guidance issued by the Charily Cornmission on public benefrt Par81.18

Additional infomiation (optionall You may choose to include further statements where relevant about.. SORP ￿ferenCe Par8 1.38 Policy on grant making NIA Policy on social investment including program related investment Para 1.38 NIA Contribution made by volunleers Para 1.38 The trustees acknowledge and appreciate the vrtal contribution of our volunteers. whose lime and skills are essential to the running of the club. Volunteers support coaching, mentoring, event organisation, travelling to and attending competitions and extemal shows and administrative tasks, enabling the club to provide a safe. inclusive, and enjoyable environment for all members. Their commitment not only furthers the charily's objectives of promoting physical fitness, mental well- being, and community engagement. but also represents signrficanl economic value. Based on average volunteer hours and national volunteering rates, their contribution is estimated to be worth approximately £31,266 annually, reflecting the substantial impact the charity's volunteerg havÈ on #ustaining the elub, activities. NIA Other Achievements and Performance SORP reference Summary of the main achievements of the charity, identifying the drfference the charity's work has mado to the circumslances of its beneficiaries and any wider benefits to society as a whole. Pafa 1.20 During the year, the charity's community boxing gym has delivered a wide range of activities Ihat have transfomied the lives of its mombers 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 lrfe skills such as discipline, communication, problem-solving, resilience, and a growth mindset. Youth Engagement and Crime Prevention- By offering a safe, disciplined environment, the gym keeps young people off the streets and away from negative influences such as gangs, drugs, or crime. It creates a sense of ur ose and connection, fosterin

respect, accountability, and positive relationships across age. race, and background. Improving Physical and Menlal Health - Regular training supports physical fitness and emotional well-being. helping members manage stress, anxiety, and depression. The program boosts self-confidence and self-worth through continuous personal growth and skill development. Promoting Equalty, Diversity and Inclusion The gym welcomes people from all backgrounds, aclively promoting equality regardless of race, gender. religion, s8xual orientation, disability, or income. Female- only sessions, women coaches, beginner- friendly programs, and adaptations for neurodiverse or disabled members ensure access for everyone. Environmental and Social Sustainability Members are encouraged to use reusable water bottles, cycle or walk lo the gym, and the gym reuses and refurbishes most equipment, promoting both environmental responsibility and Social sustainability. Low- cost memberships and subsidised training keep services accessible to low-income individuals. Wider Benefits to Society - The ¢harity's work extends beyond boxing. By reducing antisocial behaviour, improving health outcomes, fostering inclusion, and strengthening community ties, the gym makes a posilive contribution to social cohesion and public well-being. Its inclusive approach helps break down barriers and inspires long-term community develo ment. Additional inforniation loptional) You may choose to include further statements where relevant about.. Achievements against objectives set Para 1.41 During the year, the charity made strong progress against the objectives set by the trustees. Key targets for youth engagement, community inclusion, and health promotion were met through the delivery of structured boxing programmes, subsidised memberships, and outreach activities. The gym successfully provided a safe and supportive environment for young Feople, improved access for low-income families, and expanded female participation through dedicated sessions and coaching opportunities. Environmental and social sustainabilit initiatives, such as romotin

reusable bottles and refurbishing equipment. were also implemented, demonstrating the charity's commitment to long-tem Community benefit despite rising erational costs. During the year, fundraising activities were carried out 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 local sponsotships, which helped offset increased costs and mainlain subsidised memberships for those in need. While income from club shows and community events provided essential support, continued efforts, including seeking grant funding and expanding sponsorship opportunities, remain a priority to sustain seNices and achieve future fundraisin oals. NIA Perfornian￿ of fundraising adivities against objectives sel Para 1.41 Investment performance against objectives Para 1.41 Other NIA Financial Review Review of the charity's financial position at the end of the period Para 1.21 At the end of the year, the charity is in a stable financial position. Key points are.. The charity has enough funds to continue its activities and meet ils obligations. Unrestricted reserves are maintained to cover unexpected costs and ensure ontinuity. Restricted funds have been used for their intended purposes, with any remaining balances Carr￿ forward for ongoing projects. The trustees have reviewed potential risks and are confident the charity can continue eratin as a oin concem. The charity continues 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 unexpecled shortfalls in income or delays in funding, manage unexpected expenses and emergencies and allow us to take advantage of opportunities to improve or expand our ServI￿S Stalemenl explaining the policy for holding reserves stating why they are held Para 1.22 The trustees review the level of reserves annually to ensure they remain appropriate in light of the charlty's current a￿1v￿leS, future lans, and otential risks. An use of

rese￿eS is ca￿fUllY considered to maintain the charity s long-term financial health while fulfillin its mission. £12.940 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 P2ra 1.22 Para 1.22 P•r8 1.24 NIA Pora 1.23 The trustees have assessed the charity's financial position, reserves, and future funding prospects. At present, there are no Signifi￿nt uncertainties that cast doubl on the charity's ability to continue operating for the foreseeable future. Additional infomiation loptionall You may choose to include further slatements 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 m8mberships to maintain acc8ssibility. 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 targeled grants and community funding to help sustain programmes and offset rising operational costs le.g., utilrties, equipment lacement . NIA Investment policy and objectives including any social investment olic ado A description of the principal risks facing the charity Para 1.46 Par8 1.46 The principal risks facing the charty relate primarily to the ability to maintain accessible services in the face of rising costs. Significant increases in utilily and rental charges threaten the gym's capacity to offer free or subsidised memberships to disadvantaged members, while reliance on fundraising events and local sponsorships exposes the charity to fluctuations in 8V8nt income and donor SU ort. NIA Other Structure, Governance and Management Description of charity's trusts.. Type of governing document PAr• 1 25 Association Model Constitution

How is the charity nstituted? Para 1 25 Charrtable Incorporat8d Organisation Trustee selection methods including details of any onstitulional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees Para t.25 In accordance with the goveming document, there must be at least three harity trustees. The maximum numbèr of charity trustees is 12. At each annual general meeting, around one-third of the harity trustees must retire by rotation. Trustees who have served the longest since their last appointment step down first, if terms are equal, the retiring tfUStee$ a chosen by lot. Vacancies created may be filled by members al the meeting or later by either the members or the trustees, provided the maximum number of trustees is not exceeded. Trustees appointed by members follow the normal rotation rules, while those appointed by trustees themselves serve only until the next annual eneral meetin Addltional infomiation {optionall You may choose to include further statements where relevant aboui.. Policies and procedures adopted for the induction and training of trustees The charity's organisational structure and any wider network with which the charit works Relationship wrth any related arti8S Other Para 1.51 NIA Paia 1.51 NIA Para 1.51 NIA NIA Reference and Administrative detsils Chari name Other name the charit U8e8 Re istered charit number Charity's principal addres5 Track Fitness and Boxin NIA 1193279 Units7&8 Kilnbeck Business Park Annie Reed Road Beverley HU17 OLF Names of the ¢harity trusts8$ who manage the charlty N8m• of pgrson lor body) entitled to appo5nt tfU8tee rfan Tru8tse nam• Offic• Irf any) Dat8# *ct•d if not for whole year Jonathan Thorne Chair Jordan Thome Laura stewart Rob Atkinson Treasurer SeGretary

Glen Irvine Adam Wallis Child Welfare Officer Cor orate trustees- names of the diredors at the date the re Dlr•ctor nam• ortwasa roved Name of trustees holding title to property belonging to the charity Trustee name Oats• aet•d If not for wholè •ar Funds held as custodian trustees on behalf of others Description of the assets held in this capacity NIA Name and objects of the charity on whose behalfthe assets are held and how this falls within the custodian chartty's objects NIA Details of arrangements for safe custody and segregation of such assets from the charity's own assets NIA Additional Infomiatlon loptionall Names and addressos of advlsers Ioptlonal Infomiation Type of Name Address adviser Name of chief èxecutive or names of senior staff membors (Optional information) Exemptions from disclosure Reason for non4isclosure of ke ersonnel details Other o tional information

Daclarations Th• trust￿ d•clar• that th•y hav• approved th• trust••8' r•port abov•. Slgn•d on b•hall of th• ¢harlty'• tru$tse$ Slgnatur•($) Full namo(8 POSI￿On (eg Secr•tsry. Chalr, etcl Jonathan Thome Chair Dats 3-4

Financial Statement

Track Fitness and Boxing For the year ended 31 December 2024

Financial Statement Track Fitness and Boxing For the year ended 31 December 2024
	2024
Turnover
Boxers Subs	8,227.38
Donations	2,850.00
Event Income	5,521.38
Fundraising	1,408.50
Total Turnover	18,007.26
Gross Profit	18,007.26
Administrative Costs
Boxer Costs During Travel	2,533.86
Championship and Box Cup Entries	1,388.00
Cleaning	660.00
Coaches Training	459.00
Coaches Wage	(120.00)
Electricity	811.40
Equipment Costs	761.15
Event Costs	4,635.65
Fuel	1,882.27
General Expenses	1,561.44
Gym Insurance	873.66
Gym Rent	15,153.72
Hotels	1,608.30
Love Admin Fees	64.81
Repairs and Maintenance	418.84
Sports Clothing	50.00
Vehicle Insurance	77.96
Total Administrative Costs	32,820.06
Operating Profit	(14,812.80)
Profit on Ordinary Activities Before Taxation	(14,812.80)
Profit after Taxation	(14,812.80)

Profit and Loss Track Fitness and Boxing

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