Redhill Amateur Boxing Club 1197111 ## Redhill Amateur Boxing Club TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[st] December 2023 ## Structure, governance and management Trustees Rev Karen Acres Christopher Bottle Paul Acres Tony Cesay Steven Willis Ross Minter Alexander Moore Charity registered number 1197111 1[st] Floor Warwick Quadrant 7 Station Road Redhill Surrey RH1 1NT Bankers Metro Bank Constitution The Redhill Amateur Boxing Club constitution was approved by the initial Trustees on the 13[th] December 2021. ## Objectives and activities The promotion of community participation in healthy recreation in particular by the provision of facilities and opportunities to participate in the sport of amateur boxing. Offering boxing training to the community and to encourage the young to get off the streets and into the gym. Also offering a space for those with disabilities to come and train. P a g e | 1 Redhill Amateur Boxing Club 1197111 ## Achievements and performance The club has stayed with around 100 members in this period. We have started getting juniors, youth and seniors out to bouts during the last year to year and a half, with a lot of success, although none have won any competitions to date. We have increased our membership base substantially over the last couple of years. All our coaches are volunteers and they give their time to train and coach the children attending in basic boxing knowledge and with increasing their overall fitness. We have also funded a coach to attend a local school and teach boxing as a club there. We have also been running a few new projects including a class for displaced people which is proving successful. Our aim next year is to try and gain more members and continue to provide the support within the local communities. ## Financial review Grants have been received through this year to the value of just under 9k which is lower than the previous year. Revenue has stayed around the same. Additional funds have been spent on boxing equipment this year and rent is showing an increase as two years have come out in this one financial year. ## Reference and administrative details All coaching staff are volunteers we do pay expenses for Omnibus Boxing for travel as the main coach travels from East London each week and also coaches in a local school that we fund. ## Exemptions from disclosure None Funds held as custodian trustees on behalf of others. P a g e | 2 ## Executive Summary ## Redhill Amateur Boxing Club For the year ended 31 December 2023 **----- Start of picture text -----**
Key indicator 2023
Cash
Cash received 22,341.10
Cash spent 29,324.05
Cash surplus (deficit) (6,982.95)
Closing bank balance 5,198.01
Profitability
Income 22,335.10
Direct costs 0.00
Gross profit (loss) 22,335.10
Other income 0.00
Expenses 28,705.45
Profit (loss) (6,370.35)
Balance Sheet
Debtors 0.00
Creditors (612.60)
Net assets 5,810.61
Sales
Number of invoices issued 0.00
Average value of invoices 0.00
Performance
Gross profit margin (%) 100.00
Net profit margin (%) (28.52)
Return on investment (p.a.) (%) (109.63)
Position
Average debtor days 0.00
Average creditor days 0.00
Short term cash forecast 612.60
Current assets to liabilities (8.49)
Term assets to liabilities 0.00
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## Receipts and Payments ## Redhill Amateur Boxing Club For the year ended 31 December 2023 **----- Start of picture text -----**
Account 2023
Turnover
Grants 8,921.44
Income 13,413.66
Total Receipts 22,335.10
Gross Receipts 22,335.10
Administrative Costs
Advertising & Marketing 221.34
Audit & Accountancy fees 100.00
Boxing Equipment 1,474.27
Boxing Services 7,136.95
Cleaning 2,446.80
Insurance 867.41
Legal Expenses 764.00
Light, Power, Heating 1,847.43
Postage, Freight & Courier 9.20
Printing & Stationery 301.79
Rates 312.00
Rent 10,657.29
Repairs & Maintenance 819.56
Staff Training 297.00
Subscriptions 364.27
Supplies for competitions and trav 443.50
Telephone & Internet 642.64
Total Administrative Costs 28,705.45
Net After Taxation (6,370.35)
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