Fltzroy Lodge ABC Financial Statements Year ended 30th April 2024 Doc ID.. 75b36001ce39017fc82479fd9249f9e13f384fde
Fitzroy Lodge ABC (A Company Litnited by Guarantee) Contents Page Reference and Administrative Details of the Charity and its Trustees Trustees, Report Independent Examiner's Report Statement of Financiiil Activities Balance Sheet Notes to The Financial Statement5 Ioto 14 Doc ID.. 75b36001ce39017fc82479fd9249f9e13f384fde
Fitzrov Lodge ABC (A Company Limited by Guarantee) Reference and Administrative Details of the Charity and its Trustees Year ended 30th April 2024 Trustees G Davis K Herschell S Jolicoeur AD Ncw M Nkuni S Oxley M Parginou M Reigale SF Skelt G Turner G Williamson Company registered number: 10959522 (England and Wales} Charity registered number: 1194283 Registered Office: The Arches 180 Lambeth Road LONDON SEI 7JY Doc ID.. 7sb3600139Ol7fc8247gfd9249f9e13yJ84fde
Fitzroy Lodge ABC (A Company Litnited by Guarantee) Trustees, Report Year ended 30th April 2024 The Trustees (who are also directors of the Charity for the purposes of the Companies Act) present their annual report, which serves the purpose of both a Truqtees, report and Directorq, report, together with the financial slalements of Filzroy Lodge ABC (the Charity) for the year ended 30th April 2024. The Trustces confinn thdt the Annual Rcport and financial stdtcmcnt5 of the Charity comply with the current statutory requirements, the requirements of the Charity's governing doeument and the provisions of the Charities Statement Recoinmended Practice {FRS102.) Since the Ch<irity qualifieq as qmall under section 383, the qtrategic report required of medium and large companies under The Companies Act 2006 (Strategic Report Dircctors, Report) Re¥ulations 2013 is not required. TRUSTEES The Trustees who served the Charity during the year were as follows.. G Davis K Herschell S Jolicoeur AD Newman M Nkuni S Oxley M Parginou M Reigate SF Skelt G Turner G Williamson OBJECTIVES AND ACTIVITIES The Charity's pury)oses as set out in the Articles of Association are the promotion of Community participation in healthy recreation for the public benefit in London in particular by the provision of facilities (building,. equipment- acce5S to coaching and oiganising sporting activities) to participate in boxing, togcther with associatcd fitncsslgym activities. ACHIEVEMENTS AND PERFORMANCE A continued improvement in the Charity's financial po.qition enabled the funds to inci'ease by £20,037 Doc ID.. 75b36001ce39017fc82479fd9249f9e13f384fde
Fitzroy Lodge ABC (A Company Litnited by Guarantee) Trustees, Report (continued) Year ended 30th April 2024 Boxing Development and Community Eng#gement The club is proud to provide training opportuiiities for young people referred by Carney's Community, a charity dedicated to supporting disadvantaged and excluded youth. Over the past year, five participants from Carney's Community rcprcscnted Fitzroy Lodgc in competitive boxing bout5. Thi5 milcstonc hIllts. the strong and ongoing collaboration between Fitzroy Lodge and Camey's Coinmunity, whieh fosters the holistic development of young people in a vibrant and supportive environmeni that prioritizes their health, safety, and well-being. Additionally, several young participants have successfully completed their Level 3 coaching qU<11ifications. This achieveinent empower8 theii) to lead their own classes, further enhancing their skills and confidence while contributing to the club's comtnunity outreach. Membership Growth and Outreach The club continues to grow its membership through proactive engagement with local schools and colleges. Our active website serves as a hub for promoting club facilities, events, and achievemenLs, ensuring a strong connection with the wider coinmunity. Partnerships and Professional Development Through our partnership with Diversity Media Sales and Manning Gottlieb OMD, we have strcngthencd thc 'Champions Initiativc,, an intcrnship programme designed to provide young adults with learning and development opportunities. Participants gain industry accreditations, hands-on work experience, and the chance to build professional networkq within the Media industry. A key success of this initiative is Ricco Robb, who now works full-time as a Trainee Business Executive with Diversity Media Sales. Community Events and Showcases The club has recently hosted three successful boxing shows, including two at Carney's Community ]d one particularly pioininent event al the Old Bailey in the City of London. F1Tr4ALYCIAL REVIEW As at 30th April 2024 the charity held unrestricted reserves of £127,757 (2023 - £107,720.) Doc ID.. 75b36001ce39017fc82479fd9249f9e13f384fde
Fitzroy Lodge ABC (A Company Litnited by Guarantee) Trustees, Report (continued) Year ended 30th April 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Th¢ Cl)arity is a company limited by guarantee. It op¢rates under the rules of its Articles of Association dated 26th April 2021. The Charity registered at the Charity Conunission on 26th April 2021. It hd5 no shdre cdpital und Ihc liability of cach mcmbcr in thc cvcnt of winding up is limitcd to £1. The Trustees are appointed in accordanec with the Articles of Association. New Trustees joining the Board are given appropriate briefing of their obligations under company and charity law and on the contents of the Articles of Association. They are also referred to guidance issued by the Charity Cominissioii oli ihe role of thc Charity Trustee. The main risk to the Charity is a failure to generate sufficient income from subscriptions to finance its operations. The Trustees are satisfied that the major risks have been miti¥ated as far as possible but thc Board rccognises that it must keep these risks under constant review if the Charity is lo continue to operate. In this coiinection, the Controls in place include regular updates lo Trustees on our fin£incial position, the preparation of fornial agendaq for Board Ineetings which highlight areas of conLcni ]d formal approval proccduics for fiiiancial ]d strategic decisions. PLANS FOR FUTURE PERIODS Community Engagement and Inclusive Opportunities The club offers additional classes designed for noii-compelitive members, promoting inclusivity and encouraging widcr participation within thc community. In addition, the club provides free boxing sessions tailored for SEN (Special Educational Needs) young people attending a local training organization for vulnerable youth. By collaborating with local schoolteachers, the club continues to promote the physieal and mental benefits of engaging in a structured boxing club environment. Future Events and Fundraising Initiatii'es Looking ahead, the cliib plans to liosl up to foiir open shows during the boxing season. These events ]1] provide opportunities to showcase our boxers and furtlier engage the community. The club plans to host at least one dinner boxing show to highlight the talent of our amateur boxers while raising funds to support the club's ongoing initiatives. Doc ID.. 75b36001ce39017fc82479fd9249f9e13f384fde
Fitzroy Lodge ABC (A Company Litnited by Guarantee) Trustees, Report (continued) Year ended 30th April 2024 Success of the Carney's Cup and Future Plans The club co-hosted the highly successful Carney's Cup competition in partnership with Mosq Side Fire at the prestigiouq Old Bailey. This event garnered significant allenlion and raised subslanlial funds for the club. Senior officials from the British Boxin¥ Board of Control were among Ilie attendees. reflecting the high profile of the event. To build on this success, the club intends to alternate the venue for future shows between London and Manchester. Arrangements are already in progress for a repeat show al the Old Bailey, ensuring the continuation of this celebrated event. International Exposure and Transformative Experiences Thc club is planning an upcoming trip to America is coordinating with a boxin¥ cliib in New York to arrange matches for our senior boxers. This initiative is designed to broaden their horizons, provide international exposure, and support their growth both in and out of the ring. Similar trips in the past have offered invaluable experiences. especially for disadvantaged youth who had never travelled abroad before, offering them a tranqformative arid enriching experience. Professional Development and Internship Opportunities Fitzroy Lodge remains dedicated to its intcrnship programme, providing young people with opportunities to gain valuable skills, industy experience, and professional networks. This initiative is a cornerstone of thc club's commitment. Lease The club has recently finalized tem)s to renew its lease, ensuring the long-tenn security of its future. The ARCH Company, which holds the lease, acknowledges the significant community impaLt of Fitzroy Lodge, including its valuable partnerships and its essential focus on supporting young people. Doc ID.. 75b36001ce39017fc82479fd9249f9e13f384fde
Fitzroy Lodge ABC (A Company Litnited by Guarantee) Trustees, Report (continued) Year ended 30th April 2024 In preparing this report, the Trustees have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006. Approved by order of the members of the board of Trustees and signed on their behalf by.. G Turner Trustee 15th January 2025 Doc ID.. 75b36001ce39017fc82479fd9249f9e13f384fde
Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trustees FITZROY LODGE ABC On accounts for the year ended 30" April 2024 Charity no {if any) 10959522 Set out on pages 8-14 I report to the trustees on my examination of the accounts of the above charity {'the Trust") for the year ended 30 104 12024. Responsibilities and basis of report As the charity's trustees. you are responsible for the preparation of the accounls in accordan with the requirements of the Charities Act 2011 {"the Act"). I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 14515llb} of the Act. Independent I have completed my examination. I confimi that no material matters have examiner's statement come to my attention in connection with the examination (other than that disclosed below "I which gives me cause to believe that in, any material respect.. the accounting records were not kept in accordance with section 130 of the Charities Act- or the accounts did nol accord with the accounling records., or the accounts did not comply with the applicable requirements concerning Ihe form and contenl of accounts set out in the Charities (Accounts and Reports} Regulations 2008 other than any requirement thal the accounts give a 'true and fair, view which is not a matter considered as part of an independenl 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 lo enable a proper understanding of the accounts to be reached. Signed: Date: 1510112025 Name: DOUGLAS COSBERT Relevant professional qualification(s) or body (if any): FCCA, FFA Address: CANALITIX ACCOUNTANTS l Bell Yard, London, WC2A 2JR IER Oct 2018 Doc ID.. 7sb3600139Ol7fc8247gfd9249f9e13yJ84fde
Section B Disclosure Only complete if the examiner needs to highlight material matters of concern {see CC32. Independent examination of charity accounts= directions and guidance for examiners). Give here brief details of any items that the examiner wishes to disclose. IER Oct 2018 Doc ID.. 7sb3600139ol7fc8247gfd9249f9e13f384fde
Fitzroy Lodge ABC (A Company Limited by Guarantee)
Statement of Financial Activities incorporating Income and Expenditure Account Year ended 30th April 2024
| Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|
| funds | funds | funds | funds | ||
| 2024 | 2024 | 2024 | 2023 | ||
| Notes | £ | £ | £ | £ | |
| INCOME FROM: | |||||
| Donations | 2 | 36763 | 0 | 36763 | 19536 |
| Charitable activities | 3 | 39006 | 0 | 39006 | 34970 |
| Other trading activities | 4 | 0 | 0 | 0 | 3615 |
| TOTAL INCOME | 75769 | 0 | 75769 | 58121 | |
| EXPENDITURE ON: | |||||
| Raising funds | 5 | 2045 | 0 | 2045 | 1000 |
| Charitable Activities | 6 | 53687 | 0 | 53687 | 31706 |
| TOTAL EXPENDITURE | 55732 | 0 | 55732 | 32706 | |
| NET MOVEMENT IN FUNDS | 20037 | 0 | 20037 | 25415 | |
| RECONCILIATION OF FUNDS: | |||||
| Total funds brought forward | 107720 | 0 | 107720 | 82305 | |
| Net movement in funds | 20037 | 0 | 20037 | 25415 | |
| TOTAL FUNDS CARRIED | |||||
| FORWARD | 127757 | 0 | 127757 | 107720 |
Unless specified in the notes, all income and expenditure relates to unrestricted funds
The notes form part of these financial statements
8
Fitzroy Lodge ABC (A Company Litnited by Guarantee) Balance Sheet As at 30th April 2024 2024 2023 Notes Tangible fixed assets: 1223 2512 Current assets Bank balance Creditors - amounts falling due within one year.. Net eurrent assets: 127586 106209 1052 1001 126534 105208 Net assets 127757 107720 Charity funds Unrestricted funds 127757 107720 The Charity was entitled to exemption from audit under section 477 of the Companies A¢t 2006. The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006. The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to the accounting records and preparation of financial statements. The financial statements have been prepaTed in accordance with the provisions applicable to entities subject to the small companies regime. The finaiicial statements were approved and authorised for issue by the Trustees and signed on their behalf by G Turner Trustee 15th January 2025 The notes forn) part of these financial .qtatements Doc ID.. 75b36001ce39017fc82479fd9249f9e13f384fde
Fitzroy Lodge ABC (A Company Limited by Guarantee) Notes to The Financial Statements Year ended 30th April 2024 I. ACCOUNTING POLICIES 1.1 Basis of preparation of financial statements The financial statements have been prepared in accordance with Accounting and Reporting by Charities Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l Jaiiuary 2019) - (Charities SORP (FRS 102,)) the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 103) and the Companies Act 2006. Fitzroy Lodge ABC meets the definition of a public benefits entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless othenvise stated in the relevant accounting policy. 1.2 Company status The Charity is a company limited by guarantee. The members of the charity are the Trustees named on page l. In the event of the Charity being would up, the liability in respect of the guarantee is limited to £1 per member of the Charity. 1.3 Fund aecounting General fvndq are unrestri¢ted funds which are available lo use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been desigmated for other PUTposes. 1.4 Income All income is recOlISed once the Charity is entitled lo the income, it is probable that the income will be received and the amount of the in¢ome Can be measured reliably. Grants are included in the Statement of Finaneial Activities on a ieceivable basis. Donated serviccs or facilities are recogniscd whcn the Charity has control ovcr the item, and conditions associated with the donated item have been met, the receipt of economic benefit from the use of the Charity of the item is probable and that economic benefit can be measured reliably. In ac¢ordan¢e with the Chariiies SORP (FRS 102,} the general volunteer time is not recognised. io Doc ID.. 75b36001ce39017fc82479fd9249f9e13f384fde
Fitzroy Lodge ABC (A Company Limited b). Guar#ntee) Notes to The Financial Statements Year ended 30th April 2024 I. ACCOUNTING POLICIES (continued) Membership subscriptions received in the nature of a gift are recognised in donations. Trading income represents ineome received from classes and facilities hire. 1.5 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefit will be required in settl¢mcnt the amount of the obligation can be mcasured reliably. The Charity is not VAT registered and its expenses are therefore inclusive of VAT which cannot be recovered. 1.6 Tangible fixed assets and depreciation Tangible fixed assets are initially recogllised at cost. After recognition under the cost rnodel, tangible fixed assets are measured at cost less accumulated depreciation and any accumulatcd impairment105ses. Depreciation is charged so as to allocate the cost of tangible fixed assets over their estimated useful lives on a straight line basiq at the following annual rates.. 25 /0 VehiLle 200/0 Equipment 1.7 Corporation tax Due to the charitable nature of the a¢tivitieq undertaken the Charity's surpluqes are not subject to corporation tax. Doc ID.. 75b36001ce39017fc82479fd9249f9e13f384fde
Fitzroy Lodge ABC {A Comp#ny Limited by Gu#rantee) Notes to The Financial Statements Year ended 30th April 2024 2. INCOME FROM DONATIONS Unrestricted funds 2024 Total funds 2024 Total funds 2023 Donations & grants received 36763 36763 19536 Total 2023 l9536 19536 3. INCOME FROM CHARITABLE ACTIVITIES Unrestricted Total funds 2023 funds 2024 funds 2024 Subscriptions 39006 39006 34970 Total 2023 34970 34970 4. INCOME FROM OTHER TIL4DING ACTIVITIES Unrestricted funds 2024 Total funds 2024 Total funds 2023 Classes Facilities hire 1410 2205 3615 12 Doc ID.. 75b36001ce39017fc82479fd9249f9e13f384fde
Fitzroy Lodge ABC {A Comp#ny Limited by Gu#rantee) Notes to The Financial Statements Year ended 30th April 2024 5. EXPENDITURE ON RAISING FUNDS Fundraising trading expenses Unrestricted funds 2024 Total funds 2024 Total funds 2023 Legal & professional Information technology 2045 2045 1000 2045 2045 iooo Totsl 2023 1000 1000 6. EXPENDITURE ON CHARITABLE ACTIVITIES Unrestricted Total Total funds 2023 funds funds 2024 2024 Boxing Club trading expenses DireLt trading expenditure Establishment Other trading expenditure Depreciation of tangible fixed assets 32638 16955 2805 1289 32638 16955 2805 1289 16415 10969 2500 1822 31706 Total 2023 31706 31706 13 Doc ID.. 75b36001ce39017fc82479fd9249f9e13f384fde
Fitzroy Lodge ABC (A Company Limited by Guar#ntee) Notes to The Financial Statements Year ended 30th April 2024 7. TANGIBLE FIXED ASSETS Cost Al I sl May 2023 Additions At 30th April 2024 Depreciation At I st May 2023 Charge At 30ih April 2024 Net book value: Vehicle Equipment Total 1000 7434 8434 1000 7434 8434 999 4923 1289 6212 5922 1289 7211 999 At 30th April 2024 At 30th April 2023 1222 1223 2511 2512 . CREDITORS -AMOUNTS FALLING DUE WITHIN ONE YEAR Accruals 2024 2023 1052 iooi 9. STATEMENT OF FUNDS Unrestricted funds General funds At 1st May 2023 Income Expenditure At 30th April 2024 107720 75769 -55732 127757 82305 58121 -32706 107720 10. ANALYSIS OF DIET ASSETS BETWEEN FUTr4DS Unrestricted funds Tangible fixed Asqets Nel Current Assets 1223 126534 127757 2512 105208 107720 14 Doc ID.. 75b36001ce39017fc82479fd9249f9e13f384fde
Fitzroy Lodge ABC Thc following pagc docs tTrot form part of the Statutory Accounts Doc ID.. 75b36001ce39017fc82479fd9249f9e13f384fde
Fitzrov Lodge ABC Detdiled Operating Statement for the Year ended 30th April 2024 2024 2023 Subscriptions Donations & grants FacilitiC5 hire & classes Turnover 39006 36763 34970 19536 3615 58121 75769 Equipment hire Purchases Cost of sales 4739 1319 1506 6058 1506 Gross profit 69711 56615 970/0 Subcontractors Establishment costs Repairq Motor & travel Fundraising Subscriptions & donations Computer running costs Depreciation Accountallcy Insurance Communications Sundry expenses Print, post & stationery Bank interest & charges Overheads 16043 10669 6286 5556 10700 10710 259 3018 3200 2058 2045 1224 1000 1289 iioo 1072 709 545 loo -998 1822 1000 400 649 475 142 -199 49674 31200 Net profit 2a037 25415 Doc ID.. 75b36001ce39017fc82479fd9249f9e13f384fde