Report of the Trustees and naudited Financial Statements for the Year Ended 31 March 2024 for Taslf Khan Commpntty Boxlng A¢ademy Abraham Accountsnts Sher House 46 Houghion Place Bradford We8t Yorkshire BDI 3RG
ConteMt of the Finncial StstemeDt$ for the Year Ended 31 March 2024 Page Report of the Trustees Independent Examiner's Report Statement of Flnanelftl ACtitieS Balance Sheet Notes to the Financial Statements 5 to 7 Detailed Statement of Flnanckal Activldes
,' forlhd FJdÈdSSfrIAtttsQ024 The trugtee5 presetit tbeir report with the fjnancial staianents of the charity for the year ended 31 Mar¢h 2024. The twslees hav¢ adopted the proiusions of Ac¢ounting and Rep)rting by Charities.. Ststsment of Recommended Practice applicable to Chariti preparing their accounts in accordance with the Fin8meial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102} (effective l January 2019). STRIICTURE, GOVERNANCE AND MANAGEMEh Governing document The charity is controlled by its governing document, a d¢¢d of thL8t and constitytes an unincorporated ¢harity. REFERENCE AND ADMllYtSTIL4TIVE DETAtLS Registered Charity number 12(K1338 Princlpal address 108 Sunbridge Road Bradford BDI 2NE Trustees Mr Mohammed Mustafa Khalid Dr Sohail Ahmed Mr Joseph tbbotson Independent Examiner Abraham Ac¢ountants 46 Houghion Place Bradford Wesi Yorksljire BDI 3RG Approved by order of the board of trustees on I l February 2025 and signed on its behalf by: IU,Lll Mr MOhaTnM Mustafa Kba]id . TnLStee Page I
I lttthe.trustL of Ta$iF.Klnfi Boxillg.4ri41rmy I report to the C17ty tTUSte¢s on my exam1On ofthe accolts ofTasifKhan Comnullity Boxing Academy (the Trust) for the yeaT"euthd 31 March 2024. Respon5ibilltie5 and bll$ of report As the charity trustees of the TnL8t you a responsible for the prep8Trtion of the acwunts in aOrdanCe with the requirements of the Charities Act 201 L ('the Act,). I report in Tespecl of my exatllination of the Truses 8c¢ounts carried under Section 145 of the Act and in carrying out my examination I have folloTh'ed all applicable Directions given by the Charity Commission under Section 145{5)(b) of the Act. Independent examlner's 8tatsment I hai'e completed my examination. I confirni that no material matters have come to my attention in connection with the examittation giving me callse to believe that in any materia] reswt.. accounting recoid8 were not kept in respect of the Trust as quired by S¢¢tion 130 of the Ac¢ or the accounts do not Cord with ihose recor(L8,' or the a¢counts do not comply with the applicable requiretn¢nts concerning the forni and wntent of accounts set out in th¢ Charities (ArUnts and Reports) Regulations 2008 other than any requirement that the accouDts give a true attd fair view wbich is not a matter ¢onsidereAJ as part of an independent examination. I h8v¢ 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. Mushtaq Ahmed FCCA Abraham Accountants Sher House 46 Hougbton Place Brndford West Yorkshire BDI 3RG I l Febrnary 2025 Page 2
I,.knnththY*Ar EadÈd Bblllthtt.2D24 Unr¢5tricted Restricted fid tund -Totsl nds Not&% IliCOME AND ENDOWMENTS FROM Donations and legacies 38,989 83,027 122,016 EXPENDITURE ON Raising funds 1,151 I,Isi Charitsble a¢tivitie5 General 73,642 72,415 146,057 Total 74,793 72,415 147208 NET IJ'COMEI(EXPE.NDITUAiE) {35,804) 10,612 (25,192) RECOI%CILIATION OF FbThl)S Totsl funds brought fi)rtvard 41,773 41.773 TOTAL FUNDS CARRtED FORWARD 5,969 10,612 16,581 The notes forni part of these financial statements Page 3
335lltsx¢U11124 Unrestricted Restricted fulld fvnd Total ftLnds Notes CURRENT ASSETS C&8h at baDk and in hand 0,469 10,612 17,1)81 CREDrroRS Amounts falling due within one year (500) (500) NET CURREI)ry ASSETS 5,969 10,612 16,581 TOTAL ASSETS LESS CURRENT LIABILITIES 5,969 10,612 16,581 NET ASSETS 5,969 10,612 16,581 Unr¢stricted fimds Restricted funds 5,969 10,612 TOTAL FU)$ 16,581 The financial statements were approved by the Board of TnL51e¢s and authorised for issue on I l February 2025 and were signed on its behalf by: Mr Mohammed Mustafa Kha Id- Trustee The notes forn] part of these financial statem¢nts Page 4
liaortha l&ir hwteJ lj 1kn1a*r 21124 .ACCOUP477NGPOLlCtES Basis of preparing the fanCIal statements The financial staternents of the charity, which is a public benefit entity und¢T FELS 102. have been prepared in accordanee with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Reeonjmended Practi¢¢ applicable to charities prepatin8 their accounts in aOrd9nCe with the Financial Reporting Standard applicablc in the UK and Republic of Ireland (FRS 102) {effeclive l January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the ChilleS Act 2011. Th¢ financial statements have been prepared under the htstorical cost onvenlion. Income All income is recognised in the Ststement of Financial Activities once the charity has entitlement tt) the funds, il is probablc that the income will be received and the Amount can be measured reliabty. Expenditure Liabilities aTC rccognised as expenditure as soott as there is a legal or constTUCtiv¢ obligation committing the chan.ty lo that eKp¢nditure, il is probable thal a transfer ol economic bcllefits will be required in settlem¢nl and thc arnount of the obligation can be measurcd reliably. Expendittwe is accounted for otL an accruals basis and has been classified under h¢adings that aggtegate aIl Cst relat¢d to thc category. Wh¢re $1S cannot be directly attributd to particular headings they have been allo¢at¢d to activities on a basis Consistent with the use of r&sOurc. Taxatlon The charity is exempt from tax on its charitable activities. Fund accounting Unrestricted fijnds can be used in accordance with thc charitable objectives at the disudion of the trustees. Restricted funds can only be used for particul8s wtri¢ted purposes within the objeds of the hty. Restrictions arise when specified by the donor or when funds ar¢ raised for particular restricted puryoses. Further explanation of th¢ natt¢ and pu05¢ of each fund is included in th¢ notes to the financial statements. Page 5
iSThGFUWDS Raising donalions legaeies Support costs 1,151 TRUSTEES, REMUNTRATIOI AND BENTFrrs There were no thL¥tees' remunerdtion or other benefits for the year ended 31 March 2024. Trnstses, expenses There were no tsustees, expenses paid for the year ended 31 March 2024. cREDORS. AMOUNTS FALLING DUE WITHIAY OIIE YEAR Trade credito 500 MOVEME L¥ FU.NDS Net movement in fimds At 3113124 At 114123 Unr¢s¢ri¢ted funds Generdl fund 41,773 (35,804) 5,969 Restri¢ted funds Restricted Fund 10,612 10,612 TOTAL FUNDS 4A,773 (25,192) I681 Page 6 continued...
l.th)rthè &4ur.thJMled 3blW2ryD 2D24 Net movement ill fwids, included ill the above aTe as follows.. Jncoming R¢50urces Movement resources expended in rtds Unrestricted funds General fid 3989 (71793) (35004) Regtrieted funds Restricted Fund 83,027 (72,415) 10,612 TOTAL FUNI)S 122,016 (147,208} (25,192) RELATED PARTY DISCLOSURES There were no related paty transactions for the year ended 31 Mar¢h 2024. Page 7
INCOME AND EIYDOWMENTS Donations and legaeies Donations Glts 116,016 122,016 Totsl Ineoming resources 122,016 EXPENDrrtiR Charltsble activld&8 Wages Service Delivery 32,847 92,781 10,380 1,894 366 650 2,375 4,764 Light and h¢at Telephone Postage and ststionery Advertising Sundrics 146,057 Support costs Governance costs Accountancy and legal fees 1,151 Total resources exp¢ndcd 147,208 Net espenditure (25,192) This page does not forni part of the statutory financial statements Page 8