## **Trustees’ Annual Report for the period** **From 01/08/2022 Period start date To 31/07/2023 Period end date** **Charity name: Bury Defence Academy (CIO)** **Charity registration number: 1196825** ## **Objectives and Activities** ||SORP reference|| |---|---|---| |Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|(1)
The promotion of community
participation in healthy recreation for
the benefit of the inhabitants of bury
and the surrounding area by the
provision of facilities for boxing and
mixed martial arts.
(2)
To promote for the benefit of the
inhabitants of Bury and the surrounding
area the provision of facilities for
recreation or other leisure time
occupation of individuals who have
need of such facilities by reason of their
youth, age, infirmity or disablement,
financial hardship or social and
economic circumstances or for the
public at large in the interests of social
welfare and with the object of improving
the condition of life of the said
inhabitants.| |Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or
services identified in the
accounts.|Para 1.17 and
1.19|**Delivery of various combat sports**
**classes (Boxing and Various martial**
**arts) has taken place all year round for**
**men, women and children. The**
**provision has been made available**
**either at a discounted rate or free of**
**charge.**| |Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para 1.18|**Trustees are conscious of charity**
**commission guidance on public benefit**
**and continue to provide subsidised**
**provision for the benefit of the local area**
**and community with the goal of making**
**sport accessible for all communities**
**whilst improving health and well being.**| ## **Achievements and Performance** ||SORP reference|| |---|---|---| |Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.|Para 1.20|**We have made sport accessible for**
**diverse, hard to target and low income**
**communities. We have approximately**
**400 – 500 weekly service users, the**
**majority of whom are young people,**
**from ethnic minority groups and low**
**income households.**
**Our work aligns with other external**
**partner agencies and helps reduce anti**
**social behaviour and crime in the local**
**area by channelling the energy of young**
**people into Sport.**| ## **Financial Review** |**Financial Review**||| |---|---|---| |Review of the charity’s
financial position at the end
of the period|Para 1.21|**The CIO continues to maintain a healthy**
**financial position with diverse sources**
**of income.**| |Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|**The reserves policy is to hold reserves**
**that are equivalent of 6 months of core**
**costs. This is held in order to protect the**
**financial well being of the organisation**
**in case of emergencies / prevent**
**bankruptcy etc.**| |Amount of reserves held|Para 1.22|**£20,000**| |Reasons for holding zero
reserves|Para 1.22|**-**| |Details of fund materially in
deficit|Para 1.24|**-**| |Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23|**-**| ## **Structure, Governance and Management** |Description of charity’s
trusts:||**Charitable Incorporated Organisation**
**(Foundation CIO)**| |---|---|---| |Type of governing document
(trust deed, royal charter)|Para 1.25|**CIO constitution**| |How is the charity
constituted?
(e.g unincorporated
association, CIO)|Para 1.25|**CIO**| |Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees|Para 1.25|**Selected by existing trustees**| ## **Reference and Administrative details** |Charity name|Bury Defence Academy| |---|---| |Other name the charity uses|| |Registered charity number|1196825| |Charity’s principal address|Khizra House
Lord Street
Bury
BL9 0RE| ||| ## **Names of the charity trustees who manage the charity** |1
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3
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20|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year**|**Name of person (or body) entitled**
**to appoint trustee (ifany)**| |---|---|---|---|---| ||Iftikhar Ahmed|chair||| ||Mohammed Rabbi|treasurer||| ||Ahmed Bilal|secretary||| ||Shizada Javid|||| ||Akram Baig|||| ||Mohammed Junaid
Arif|||| ||Abid hasan
Mahmood||26/2/23|| ||Intisar riaz||26/2/23|| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| ## – Corporate trustees names of the directors at the date the report was approved **Director name -** Name of trustees holding title to property belonging to the charity |**Trustee name**|**Dates acted if not for whole year**|| |---|---|---| |**-**||| |||| |||| |||| |||| |||| ## **Funds held as custodian trustees on behalf of others** - Description of the assets held in this capacity - Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects - Details of arrangements for safe custody and segregation of such assets from the charity’s own assets ## **Exemptions from disclosure** Reason for non-disclosure of key personnel details **n/a** ## **Other optional information** ## **Declarations** **The trustees declare that they have approved the trustees’ report above.** **Signed on behalf of the charity’s trustees** **Signature(s)** **Full name(s)** Iftikhar Ahmed **Position (eg Secretary,** Chairman **Chair, etc)** **Date** 26/11/23 Registered number 1196825 Bury Defence Academy Report and Accounts 31 July 2023 Bury Defence Academy Registered number: Directors. Report 1196825 The directors present their report and accounts for the year ended 31 July 2023. Prlnclpal actlvltles The company's principal activity during the year continued lo be Directors The folbwing persons served as directors during the year.. Small company provisions This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject lo the small companies regime. This report was approved by the board on 10 November 2023 and signed on ils behalf. Mr. lftikhar Ahmed Director Bury Defence Academy Profit and Loss Account for the year ended 31 July 2023 2023 2022 Tumover 112,301 1 61,423 Cost of sales 130,6701 114,0101 Gross profit 81,631 47,413 Adminislralive expenses 159,787) 136,8801 Operating profit 21,844 10,533 Profit before taxation 21,844 10,533 Tax on profil Profit for the financial year 21,844 10,533 Bury Defence Academy Registered number: Balance Sheet as at 31 July 2023 1196825 Notes 2023 2022 Flxed assets Tangible assets 5,177 4,636 Current assets Cash al bank and in hand 28,040 6,437 Creditors.. amounts falling due within one year 1840) 1540) Net current assets 27,200 5,897 Net assets 32,377 10,533 Capital and reserves Profit and loss account 32.377 10,533 Shareholders, funds 32,377 10,533 The directors are satisfied that the company is enlilled lo exemption from the requirement lo obtain an audit under section 477 of the Companies Act 2006. The members have not required the company to obtain an audit in accordance with section 476 of the Act. The directors acknowledge their responsibilities for wmplying with the reqijirements of the Companies Act 2006 with respect lo accounling records and the preparation of accounts. The accounts have been prepared and delivered in accordan￿ with the special provisions applicable to companies subject lo the small companies regime. The profil and loss account has not been delivered to the Registrar of Companies. Mr. Iflikhar Ahmed D1￿ctO¥ Approved by the board on 10 November 2023 Bury Defence Academy Statement of Changes in Equity for the year ended 31 July 2023 Share Share capital premilsm valuation reserve Proflt and loss account Total At 1 August 2021 Profil for the financial year 10,533 10,533 At 31 July 2022 10,533 10,533 At 1 August 2022 10,533 10,533 Profil for the linancial year 21,844 21,844 At 31 July 2023 32,377 32,377 Bury Defence Academy Notes to the Accounts for the year ended 31 July 2023 1 Accounting policies Basls of preparatlon The accounts have been prepared under the historical c05t convention and in accortlance with FRS 1D2, The Financial Reporting Standard applicable in the UK and Republic of Ireland las applied lo small entities by seclion 1A of the standard). Turnover Turnover is measured al the fair value of the Consideration received or receivable, nel of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is Tecognised when the significant risks and rewards of ownership of the goods have transferred to the bLJyer. Turnover from the rendering ol services is recognised by reference to the stage of completion of the contract. The stage ol completion of a Contract is measured by comparing the costs incurred for work performed to dale lo the lolal estimated ¢onlracl costs. Intangible fixed assets Intangible fixed assets are measured al cost less accumulative amort15alion and any accumulative impairment losses. Tangible fixed assets Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, al rates calculated to write off the cost, less eslimaled residual value, of each asset evenly over ils expected Ljsefkjl life. as follows.. Freehold buildings Leasehold land and buiklings Plant and machinery Fixtures, fittings, tools and equipment over 50 years over the lease lem) over 5 years over 5 years Investments Investments in subsidiarEs, associates and joint ventures are measured al cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured al Cost less any accumulated impairment losses. Changes in lair value are included in the profil and loss account. Stocks Slocks are measured at the lower of cost and eslimaled selling price le5S C051s lo complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. Debtors Short term debtors are measured at transaction price (which is usually the invoice pricel, less any impairment losses for bad and doubtful debts. Loans and other financial assets are Initial recognised at transaction price including any transaction costs and subsequently measured al amortised cosl determined using the effective interest method, less any impairment k)sses for bad and doubtful debts. Bury Defence Academy Notes to the A¢¢ounts for the year ended 31 July 2023 Creditors Short term creditors are measured at transaction pri￿ (which is usually the invoice pricel. Loans and other financial liabilities are initially recognised at IransactK)n price nel of any transaction costs and subsequently measured al amortised cost determined using the effective interest method. Taxation A current tax liability is recognised for the tsx payable on the taxable profil of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover lax paid in a previous period. Deferred lax is recognised in respect ol all liming differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred lax assets are recognised only lo the exlenl that il is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the lax rates and laws that have been enacted or substantively enacted by the reporting dale and that are expected to apply lo the reversal of the liming difference, except for revalued land and investment property where the lax rale that applies lo the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. Provisions Provisions (ie liabilities of uncertain liming or amount) are recognised when there is an obligation al the reporting date as a result of a past event, il is probable that economic benefit will be transferred lo settle the obligation and the amount of the obligation can be eslimaled reliably. Foreign currency translation Transactions in foreign currencies are initially recognised al the rale of exchange ruling al the date of the Iransaclion. At the end of each reporting period foreign currency monetary items are translated al the closing rate of exchange. Non-monelary items that are measured at historical cost are translated al the rate ruling al the dale of the transactron. All differences are charged to profil or loss. Leased assets A lease is classified as a finance lease if il transfers subslanlially all the risks and rewards incidental lo ownership. All other leases are classified as operating leases. The rights of use and oblkJations under finance leases are initially recognised as assets and liabilities at amounts equal lo the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the OLJlslanding liability using the effective interest rale method. The finance charge is allocated lo each period during the lease so as lo produce a constsnt periodic rale Df interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the companys policy for tangible fixed as58ts. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease temi and its useful life. Operating lease payments are recognised as an expense on a slraighl line basis over the lease term. Pensions Contributions lo defined contribution plans are expensed in the period to which they relate. 2 Employees 2023 Number 2022 Number Bury Defence Academy Notes to the Accounts for the year ended 31 July 2023 Average number of persons employed by the company 3 Tangible fixed assets Plant and machinery etc Cost At 1 August 2022 Al 31 July 2023 7,495 7,495 Depreciation Al 1 August 2022 Charge for the year Al 31 July 2023 1,159 1,159 2,318 Net book value Al 31 July 2023 5,177 Al 31 July 2022 6,336 4 Creditors- amounts falling due within one year 2023 2022 Trade creditors Amounts owed lo group undertakings and undertakings in which the company has a participating interest 540 540 300 540 5 Other infomiation Bury Defence Academy is a private company limited by shares and incorporated in England. Ils registered office is.. First Floor, Khizra House Lord Street Bury BL9 ORE Bury Defence Academy Detailed profit and loss account for the year ended 31 July 2023 This schedule does not form part ofthe statutory accounts 2023 2022 Sales 112,301 61.423 Cosl of sales 130,670} {14,0101 Gross profit 81,631 47,413 Administrative expenses 159,7871 (36,8801 Operatlng profit 21,844 10,533 Proflt before tax 21,844 10,533 Bury Defence Academy Detailed profit and loss account for the year ended 31 July 2023 This schedule does not form p8rt ofthe s181utory accounts 2023 2022 Sales Awards for all Private Bookings Donations Other Income 72,879 4,995 1 20 4,230 15,473 41,700 61,423 34,427 112,301 Cost of sales Purchases Subconlraclor costs Commissions payable Other direct costs 2,988 24,990 2.794 11.072 144 2,692 30,670 14.010 Administrative expen$es Employee costs.. Directors, salaries Mainlence Cost Travel and subsistence 5,000 1,208 284 6,492 1,227 1,227 Premises costs.. Rent Light and heal 12.300 1 5,786 28,086 8,000 8,857 16,857 General adminislralive expenses.. Postage Subscriptions Insurance Equipment expensed Donations Repairs and maintenance Depreciation Supplies Gifts Sundryexpenses 427 468 3,672 392 299 3.707 215 4,669 1,159 6,002 30 311 16,786 4,152 1,159 6,441 1,347 17,679 Legal and professional costs.. Accountancy fees Advertising and PR Other legal and Pfofessional 540 181 1,289 2,010 1,878 5,652 7,530 59,787 36.880 (HARITY COMMISSION FOR ENGLANO ANO WALES Independent examinerfs report on the accounts Section A Independent Examiner's Report R•port to the trustees / i) i 3/-07- J On accounts for the year endod Charlty no Ilf any) J/?¥R2f Sot out on page$ I report to the trustees on my examination of the accounts of the above charity lllh6 Trust.) for the year ended Responslbllitles and basis ot report As the charity's truslees, you are responsible for the preparation of the accounts in accordance wrth the reqLbirements of Ihe Chanties Act 2011 ("the Act.). I report in respect of my examination of the Trust's accounts carned OLrt under section 145 of the 2011 Act and in ¢arying out my examination, I have followed all the apF'iftible Directions given by the Chanty Commission under secb'on 145(5)Ibl of the Act. Independent rrhe charity'8 grosg income exceeded £250.000 and l am qualified to examinerfg Statsm•nt undertake the examination by b￿"ng a qualified member of linsert name of applicable listed body]l Delete I l if nol 8ppIic8ble. I have completed my examination. I confirm that no material matters have come to my attents'on in connection with the examination (other than that (Jisclosed below ") whith gives me cause to believe that in. any material respect. the accounling records were not kept in accordance with seclion 130 of the ChaTities Ad,. or the accounts did nui dccord with the accounting rernrds", or the aGcounts did not Gomply with thè applicable requirements conceming the fomi and content of accounts set out in the Charilies {Accounts and Rept)rts} Regulations 2008 other than any requirement thal the accourrts give a 'true and fairf view which is not a matter considered as part of an independent 8xamination. I have no concems and have come across no other matters In connection with the examination to which attention should be drawn in this report in order to enabl8 a proper understanding of the accounts to be reached. Please delet8 the words in the brackets if they do not 8ppIy. Slgned: Date: -1/-23 Name: M(9 14 rtr) tf ? r92 Relevant professlonal quallll¢atlonl8) or body GQ IER Oct 2018 {if any): GO IB08 Addrem: GC Section B Disclosure Only complete If the &￿&nine[ needs to highlight material matters ol concern (see CC32, Independent exaM￿atIOn of charity accounts.. diredions and guidance for examiners). Glve hore brief detallo of any items that th8 examlner wl•heJ to disclose. IER Oct 2018