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2025-03-31-accounts

Blackbird Leys Amateur Boxing Club

Charity registration number: 1193638 Company registration number: CE024989

Financial Statements for the year ended 31st March 2025

Wenn Townsend

Chartered Accountants

Oxford

Blackbird Leys Amateur Boxing Club

Contents

Page
Charity Reference and Administrative Details 1
Trustees’ Annual Report (including Directors’ Report) 2 – 5
Independent Examiner’s Report 6
Statement of Financial Activities 7
Balance Sheet 8
Notes to the Financial Statements 9 – 16

Blackbird Leys Amateur Boxing Club

Charity Reference and Administrative Details for the year ended 31st March 2025

Charity registration number: 1193638 Company registration number: CE024989 Trustees: R Hart (Chair and Treasurer) L Buck (resigned 31 December 2024) H Walsh K Perisi Registered office: 4 Mallard Close Oxford OX4 6EN Independent Examiner: Wenn Townsend 30 St Giles Oxford OX1 3LE

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Blackbird Leys Amateur Boxing Club

Trustees’ Annual Report (including Directors Report) for the year ended 31st March 2025

The Trustees present their report and the audited financial statements of the charity for the year ended 31st March 2025. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” in preparing the annual report and financial statements of the charity.

The financial statements have been prepared in accordance with the accounting policies set out in the notes to the accounts and comply with the charity’s governing document, the Charities Act 2022 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published in October 2019.

Trustees of the charity

The directors of the charitable company are its trustees for the purposes of charity law. The trustees who have served during the year and since the year end were as follows:

R Hart H Walsh K Perisi L Buck

Objectives and activities

The objectives and activities of the charity are set out in its governing document and relate to the promotion of community participation in healthy recreation for the benefit of people living in Oxford and the surrounding areas in particular by the provision of facilities for participation in amateur boxing.

The main activities in relation to those purposes for the public benefit, in particular, are to advance in life and relieve the needs of young people through:

Public benefit statement

The trustees understand the guidance on public benefit as issued by the Charity Commission.

Achievements and performance

Our achievements for 2025 include:

We have resumed coaching for women’s boxing. We have appointed two new coaches. Our head coach and Trustee Keith has stepped up to become overall club manager.

On the competition front we have had two junior NABGC finalists.

One national NABGC title youth.

One national England ABA title junior and two boxers continue on England talent pathways

One junior boxer has represented England on three separate occasions.

Our juniors hosted a visiting team from Bologna, and will pay a return visit to Bologna in December 2025.

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Blackbird Leys Amateur Boxing Club

Trustees’ Annual Report (including Directors Report) (continued) for the year ended 31st March 2025

Financial review

The club achieved a net loss of £438 in the financial year to 31st March 2025 (2024: Income of £9.5k).

The balance sheet carries a total of charity funds of £108.8k (2024: £109.2k) with £96.2k in the current account as at 31st March 2025.

The policy for reserves is to hold at least £20k for the purposes of maintaining the provision of services for at least 2 years.

Having secured a new home for the club and the balance sheet being 4x the reserves value, the trustees are confident in the continued going concern status of the club

Principal sources of funding

The principal funding source is membership fees paid per session as and when in attendance (Pay as you Go).

Additional funding sources include:

Principal risks

The principal risk for the charity currently is its continued reliance on volunteers to provide coaching. The trustees are in discussion with the management board on possible ways to incentivise or remunerate coaches in future to enable the club to grow and offer more sessions.

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Blackbird Leys Amateur Boxing Club

Trustees’ Annual Report (including Directors Report) (continued) for the year ended 31st March 2025

Structure, governance and management

The Charity is constituted as a Charitable Incorporated Organisation (CIO) and is governed by the CIO Foundation Constitution.

Eligibility for trusteeship

Every charity trustee must be a natural person.

No individual may be appointed as a charity trustee of the CIO:

Number of charity trustees

There must be at least three charity trustees. If the number falls below this minimum, the remaining trustee or trustees may act only to call a meeting of the charity trustees, or appoint a new charity trustee.

The maximum number of charity trustees is ten (10). The charity trustees may not appoint any charity trustee if as a result the number of charity trustees would exceed the maximum.

First charity trustees

The first charity trustees are as follows:

Keith Perisi Richard Hart Hazel Walsh

APPOINTMENT OF CHARITY TRUSTEES

Apart from the first charity trustees, every trustee must be appointed for a term of three years by a resolution passed at a properly convened meeting of the charity trustees.

In selecting individuals for appointment as charity trustees, the charity trustees must have regard to the skills, knowledge and experience needed for the effective administration of the CIO.

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Blackbird Leys Amateur Boxing Club

Trustees’ Annual Report (including Directors Report) (continued)

for the year ended 31st March 2025

Trustees’ responsibilities

The trustees are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period.

In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

On behalf of the board

………………………… R Hart Chair

………………………. 2025

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Independent Examiner’s Report to the Trustees of Blackbird Leys Amateur Boxing Club for the year ended 31st March 2025

I report to the charity trustees on my examination of the accounts of the charity for the year ended 31st March 2024 which are set out on pages 7 to 16.

Responsibilities and basis of report

As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2022 (“the Act”).

I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or 2. the accounts do not accord with those records; or

  2. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Ajay Bahl BA BFP FCA

Wenn Townsend Chartered Accountants 30 St Giles Oxford OX1 3LE

……………………. 2025

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Blackbird Leys Amateur Boxing Club

Statement of Financial Activities for the year ended 31st March 2025

Unrestricted Restricted Total Total
Funds Funds 2025 2024
Note £ £ £ £
Income and endowments from:
Donations and legacies 2 3,499 - 3,499 10,618
Charitable activities 3 26,780 - 26,780 22,576
Other trading activities 4 109 - 109 282
Investment income 5 173 - 173 -
───── ───── ───── ─────
Total income and endowments 30,561 - 30,561 33,476
Expenditure on:
Raising funds 112 - 112 606
Charitable activities 6 27,542 3,345 30,887 23,347
───── ───── ───── ─────
Total expenditure 27,654 3,345 30,999 23,980
───── ───── ───── ─────
Net income/(expenditure) 2,907 (3,345) (438) 9,496
Other recognised gains
Transfer in from previous entity - - - -
───── ───── ───── ─────
Net movement in funds 2,907 (3,345) (438) 9,496
Reconciliation of funds:
Total funds brought forward 102,584 6,654 109,238 99,742
───── ───── ───── ─────
Total funds carried forward 105,491 3,309 108,800 109,238
═════ ═════ ═════ ═════

All income and expenditure derive from continuing activities.

The statement of financial activities includes all gains and losses recognised during the year.

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Blackbird Leys Amateur Boxing Club

Balance Sheet

As at 31st March 2025

2025 2024
Note £ £
Fixed assets
Tangible assets 11 13,801 14,880
Current assets
Cash at bank and in hand 96,259 95,558
───── ─────
Creditors:amounts falling due
within one year 12 (1,260) (1,200)
───── ─────
Net current assets 94,999 94,358
───── ─────
Total assets less current liabilities 108,000 109,238
───── ─────
Net assets 108,000 109,238
═════ ═════
Charity Funds
Restricted funds 13 3,309 6,654
Unrestricted funds 13 105,491 102,584
───── ─────
Total charity funds 108,800 109,238
═════ ═════

The financial statements were approved and authorised for issue by the Board on …………………… 2025.

Signed on behalf of the board of trustees

…………………………….. R Hart Chair

Company registration number: CE024989

The notes on pages 9 to 16 form part of these financial statements

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Blackbird Leys Amateur Boxing Club

Notes to the Financial Statements for the year ended 31st March 2025

1. Summary of significant accounting policies

(a) General information and basis of preparation

Blackbird Leys Amateur Boxing Club is a Charitable Incorporated Organisation in England. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The address of the registered office is given in the charity information on page 1 of these financial statements. The nature of the charity’s operations and principal activities relate to the promotion of community participation in healthy recreation for the benefit of people living in Oxford and the surrounding areas in particular by the provision of facilities for participation in amateur boxing.

The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Accounting Practice.

The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £1.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

(b) Funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

(c) Income recognition

All incoming resources are included in the Statement of Financial Activities (SoFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received.

For donations to be recognised the charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained the income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the charity and it is probable that they will be fulfilled.

No amount is included in the financial statements for volunteer time in line with the SORP. Further detail is given in the Trustees’ Annual Report.

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Blackbird Leys Amateur Boxing Club

Notes to the Financial Statements (continued) for the year ended 31st March 2025

(c) Income recognition (continued)

For legacies, entitlement is the earlier of the charity being notified of an impending distribution or the legacy being received. At this point income is recognised. On occasion legacies will be notified to the charity, however it is not possible to measure the amount expected to be distributed. On these occasions, the legacy is treated as a contingent asset and disclosed.

Income from trading activities includes income earned from fundraising events and trading activities to raise funds for the charity. Income is received in exchange for supplying goods and services in order to raise funds and is recognised when entitlement has occurred.

(d) Expenditure recognition

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably. It is categorised under the following headings:

(e) Support costs allocation

Support costs are those that assist the work of the charity but do not directly represent charitable activities and include office costs, governance costs, administrative payroll costs. They are incurred directly in support of expenditure on the objects of the charity and include project management carried out at Headquarters. Where support costs cannot be directly attributed to particular headings they have been allocated to cost of raising funds and expenditure on charitable activities on a basis consistent with use of the resources.

The analysis of these costs is included in note 7.

(f) Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Costs includes costs directly attributable to making the asset capable of operating as intended.

Deprecation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Fixtures, fittings and equipment

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Blackbird Leys Amateur Boxing Club

Notes to the Financial Statements (continued)

for the year ended 31st March 2025

(g) Leases

Assets acquired under finance leases are capitalised and depreciated over the shorter of the lease term and the expected useful life of the asset. Minimum lease payments are apportioned between the finance charge and the reduction of the outstanding lease liability using the effective interest method.

Rentals payable and receivable under operating leases are charged to the SoFA on a straight line basis over the period of the lease.

(h) Tax

The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes.

(i) Going concern

The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.

(j) Judgements and key sources of estimation uncertainty

The following judgements (apart from those involving estimates) have been made in the process of applying the above accounting policies that have had the most significant effect on amounts recognised in the financial statements:

Useful life of assets

2. Income from donations and legacies
2025 2024
£ £
Donations 2,324 30
Grants 1,175 10,588
───── ─────
3,499 2,934
═════ ═════

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Blackbird Leys Amateur Boxing Club

Notes to the Financial Statements (continued) for the year ended 31st March 2025

3. Income from charitable activities

3. Income from charitable activities
2025 2024
£ £
Show income 4,047 5,812
Sponsorships 920 1,400
Subscriptions 21,677 15,125
Lottery income 136 239
───── ─────
26,780 22,576
═════ ═════
4. Income from other trading activities
2025 2024
£ £
Sales of products 109 282
───── ─────
109 282
═════ ═════
5. Income from investing activities
2025 2024
£ £
Bank interest received 173 -
───── ─────
173 -
═════ ═════
6. Analysis of expenditure on charitable activities
Charitable activities
2025 2024
£ £
Unrestricted
Show costs 4,384 4,541
Training 1,022 1,104
Premises 1,397 600
Support costs (note 7) 20,739 14,195
───── ─────
27,542 20,440
═════ ═════
Restricted
Show costs 2,921 2,934
Support costs (note 7) 424 -
───── ─────
3,345 2,934
═════ ═════
Total 30,887 23,374
═════ ═════

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Blackbird Leys Amateur Boxing Club

Notes to the Financial Statements (continued) for the year ended 31st March 2025

7. Allocation of support costs

Charitable Total Total
Activities 2025 2024
£ £ £
Unrestricted
Staff costs - - -
Administration 205 205 162
Legal and professional 3,543 3,543 2,087
Travel costs 10,446 10,446 7,691
Depreciation 5,285 5,285 3,055
Governance costs (note 8) 1,260 1,260 1,200
───── ───── ─────
20,739 20,739 14,195
═════ ═════ ═════
Restricted
Depreciation 424 424 -
═════ ═════ ═════
───── ───── ─────
Total 21,163 21,163 14,195
═════ ═════ ═════
8. Governance costs
2025 2024
£ £
Independent examiner’s remuneration 1,260 1,200
───── ─────
1,260 1,200
═════ ═════

9. Independent examiner’s remuneration

The independent examiner’s remuneration amounts to £1,260 (2024: £1,200).

10. Trustees’ and key management personnel remuneration and expenses

The trustees neither received nor waived any remuneration during the year.

The total amount of employee benefits received by key management personnel is £nil (2024: £nil).

The trustees were not reimbursed for any expenses relating to their roles as trustees, but were refunded £5,200 (2024: £2,060) for operational travel expenses and their Membership to England Boxing was covered by the CIO.

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Blackbird Leys Amateur Boxing Club

Notes to the Financial Statements (continued)

for the year ended 31st March 2025

11. Tangible fixed assets
Fixtures, fittings Total
and equipment 2025
£ £
Cost or valuation:
At 1st April 2024 18,535 18,535
Transfers in - -
Additions 4,630 4,630
───── ─────
At 31st March 2025 23,165 23,165
───── ─────
Depreciation:
At 1st April 2024 3,655 3,655
Charge for the year 5,709 5,709
───── ─────
At 31st March 2025 9,364 9,364
───── ─────
Net book value:
At 31st March 2025 13,801 13,801
═════ ═════
At 31st March 2024 14,880 14,880
═════ ═════
12. Creditors: amounts falling due within one year
2025 2025
£ £
Accruals and deferred income 1,260 1,200
═════ ═════

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Blackbird Leys Amateur Boxing Club

Notes to the Financial Statements (continued) for the year ended 31st March 2025

13. Fund reconciliation

Unrestricted funds

Balance at Balance at
01/04/24 Income Expenditure Transfer 31/03/25
£ £ £ £ £
Unrestricted 102,584 30,561 (27,654) - 105,491
───── ───── ───── ───── ─────
102,584 30,561 (27,654) - 105,491
═════ ═════ ═════ ═════ ═════
Balance at Balance at
01/04/23 Income Expenditure Transfer 31/03/24
£ £ £ £ £
Unrestricted 98,742 24,888 (21,046) - 102,584
───── ───── ───── ───── ─────
98,742 24,888 (21,046) - 102,584
═════ ═════ ═════ ═════ ═════
Restricted funds
Balance at Balance at
01/04/24 Income Expenditure Transfer 31/03/25
£ £ £ £ £
Restricted 6,654 - (3,345) - 3,309
───── ───── ───── ───── ─────
6,654 - (3,345) - 3,309
═════ ═════ ═════ ═════ ═════
Balance at Balance at
01/04/23 Income Expenditure Transfer 31/03/24
£ £ £ £ £
Restricted 1,000 8,588 (2,934) - 6,654
───── ───── ───── ───── ─────
1,000 8,588 (2,934) - 6,654
═════ ═════ ═════ ═════ ═════

The charity was incorporated on 23rd February 2021. At this date opening equity of £67,008 was transferred to the charity from the previous unregistered entity.

The restricted funds of £3,309 on 31st March 2025 comprised fixed assets of £861 which will depreciate over the life of the assets, and £2,448 unspent relating to the restricted “Learning to Lead” grant from Sport England.

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Blackbird Leys Amateur Boxing Club

Notes to the Financial Statements (continued) for the year ended 31st March 2025

14. Analysis of net assets between funds

Unrestricted Restricted Total
Funds Funds 2025
£ £ £
Fixed assets 12,940 861 13,801
Current assets 93,811 2,448 96,259
Current liabilities (1,260) - (1,260)
───── ───── ─────
105,491 3,309 108,800
═════ ═════ ═════
Unrestricted Restricted Total
Funds Funds 2024
£ £ £
Fixed assets 13,595 1,285 14,880
Current assets 90,189 5,369 95,558
Current liabilities 1,200 - (1,200)
───── ───── ─────
102,584 6,654 109,238
═════ ═════ ═════

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Signature 1

Signed by Richard Hart using authentication code MEMmeXdiVmQ+RnlG at IP address 81.159.86.35, on 2026/01/21 14:17:43 Z.

Richard Hart's e-mail address is: accounts@blackbirdleysboxingclub.co.uk.