CHARITY REGISTRATION NUMBER: 1202067 Goole Amateur Boxing Club Unaudited Financial Statements Year ended 31 March 2025
Goole Amateur Boxing Club Financial Statements Year ended 31 March 2025 Pages Trustees, annual report 1toS Independent examinerfs report to the trustees statement of financial activib'es statement of financial position Notes to the financial statements 9t014 The following pages do not form part of the financlal statsments Detailed statement of financial activities 16
Goole Amateur Boxing Club Trustees. Annual Report Year ended 31 March 2025 The Iruslees present their report and the unaudited financial statements of the eharily for the year ended 31 March 2025. Reference and administrative details Registered charity name Goole Amateur Boxing Club Charity registration number 1202067 Prlnclpal offlce 25 Boolhferry Road Goole East Yorkshire DN14 5DE The trustees Mr A Horncastle MBE DL Mr G Cross Mr R Longthorp OBE Mr J Scarrow Mrs R R Edwards Mr J T Sweeting {Retired 1 November 20241 Independent examinor Mr B J Barker F.C.A. of Townends Accountants LLP Carlisle Street Goole East Riding of Yorkshire DN14 5DX Structure, govemancg and management Goole Amateur Boxing Club is a Charitable Inwrporaled Organisalion (CIO) registered with the Charity Commission in England and Wales under the charity number 1202067. 11 was regsslered as a Foundation CIO on 23 February 2023. The charity is managed by a Committee of Trustees including the Chairperson_ There is also a treasurer who oversees the clubs finances elc. Objectlves and actlvities The promotion of community participation in healthy recreation for the benefit of the inhabitants of Goole and the surrounding area by the provision of f8cAlities for amateur boxing.
Goole Amateur Boxing Club Trustees, Annual Report (conlinued) Year ended 31 March 2025 Achievements and perforrnance Development Goole Amateur Boxing Club opened 1st JU 2021 in response to research carried out on behaK of the local community into lack of youth provision in Goole. The projecl was led by Mr Andrew Horn¢aslle MBE, then High Sheriff of the Easl Riding of Yorkshire and Mrs Jacky Crawford MBE. then Chigf Executive of the Moodands Community Charity based in Old Goole Imoorlandsl. The project was supported by then Police and Crime Commissioner Mr Keith Hunter, the Humberside Police (Goole Slalionl, Sl Paul's Boxing Academy CIO in nearby Hull, the Rotary Club of Howden, The Smile Foundation, the Windfarm Fund and several other local eharitles businesses and individuaL8. It was envisaged that the presence of a boxing club would help reduce levels of anti-social behaviour in the town and provide young people with the opportunity lo develop themselves for life ahead. Boxing has proven lo be a sport that promotes personal health and wellbeing, builds character and confidence in young people. inslils a respect for others and leaches individuals the benefits that are brought about by hard work and perseverance. We do, however, fully acknowledge that some people have a different view of boxing to us. We respect those views bul woukl eneourage those people to have an open mind to the huge proven benefits that boxing can bring. Premises We identified and a lease was entered with the owners of the former Barclays Bank on the pedestrian precinct on Boothferry Road in the centre of the town. Head Coach at Sl Paul's, Mr Mike Biomby MBE introduced hllrs Renetta Edwards (England Boxing Level Two) who we were very fortunate and delighted lo appoint as Head Coach al Goole. A small team of volunteers and coaching staff were then brought logelhor. Works were undertaken lo transform the old banking premises into a small but well-appoinled boxing gym facing out onto the pedestrianised town centre. The Moorlands Community Charity provided the umbrella within which demand could be proven. Then armed with that proof, in February 2023. with direction from Iruslees the boxing club became an independent charity, the Goole Amateur Boxing Club Charitable Incorporated Organisalion {GABC CIOI Borrowing from Sl Paul's Boxing Academy CIO, the aims of the Iru5tees of GABC CIO are lo "Create some champions in the ring, but many more champions in life The Club is a Community Boxing Club, not a commerci31 gym. Those allending pay 8 subscription bul those who cannot pay do not pay. Nobody is denied entry due lo their inability lo pay although most allending do pay their subs. eurrenlly £3.00 per session. An inclusive community club, whele everyone is welcome, Head Coach Renetta says'%ve are not men and women, boys and girls. we are all boxers who love the sport of boxing. Weekday nlghls are avaYS busy wf(h great commitment from the boxers and volunteer coaching team led. At the time of writing this report membership is as below.. Ages8to13-75 Ages 14 1017= 49 Ages Adult = 66 Achievements 111 The club currently has 22 members licenc8d for recreational and compolilwe boxing. 12) The clubs. boxeis have represented the GABC CIO in competitions throughout Yorkshire and beyond. Be that in lournamenls for Yorkshire belts or in matched competitions or box cups.
Goole Amateur Boxing Club Trustees, Annual Report (continued) Year ended 31 March 2025 131 The local police continue to report low levels of youth anti-social behaviour since the boxing club opened and recognise that the boxing club should lake some credited for this. {41 In January 2023 working with the local cornmunily the club presented its first show night in the former Market Hall lo a sellout crowd with people literally queueing down the streets. Goole town's population really turned out. and the evening was a huge success. 15) As well as young people keen to become fil and learn the boxing skills, the Iruslees have reached out lo help specialist groups lo deliver boxing sessions and host Goole Youth Adions with their 'ln your corner" programme which supports excluded young people. Also, the club runs weekly sessions for ils 'Parkinson's Punchers" which is a group of people with Parkinson's disease who have found boxing drills very beneficial in managing the symptoms and slowing the progress of the disease. 161 Trustees are also in earfy discussions with the Rotary Club run "Memory Cafe" in Howden with view lo starting a similar operation in Goole. We are constsntly seeking opportunities to gel full use out of the gym and widen the scope of operation. {71 In 2024 GABC CIO was voted charity of the year al the Goole and HOWdenshi Business Awards whilst Iruslee Richard Longthorp OBE received the 2025 Lifetime Achievement Award for his services lo farming and the commLJnily. 181 In 2025 head a¢h Renetta Edwards was shortlisted for a BBC award for her work in boxing and achievements in the opEning of GABC CIO.
Goole Amateur Boxing Club Trustees, Annual Report (contlnue(l) Year ended 31 March 2025 Financial review Financial Review The results are shown in the accounts pages that follow. The nel assets al 31 M8rch 2025 were £59.838.00 Though not in the balance sheet GABC has an unequivocal commitment from the Rotsry Club of Howden for a grant of £10,000. This is likely lo be drawn down in the next 12 months and will further bolster the club's financial position and resilience. The Iruslees have an objective lo build reserves to a ievel of eighteen caFendar months ahead at any given lime. The trustees ar$ pleased with the progress being made toward reaching this objective. Over the forthcoming months the trustees intend lo build a further development fund lo match the public grants which are being largeled lo fund the extension of the premises. The future Since opening the doors demand has been oveJwhelming, helping to shape the lives of hundred5 of young people from Goole and the surrounding villages. Importantly we believe approximately 40% of our members come from the deprived areas of Goole South with the remaining 60D/o Other areas. Membership is around 190 plus bul there is always a list of others wanting lo attend. The current building has a limiting capacity. Over the last two years the trustees have been looking al options regarding the gym premises. The neighbouring propety a former EE phone shop has recent c105ed. and the Trustees have reached agreement lo lake a lease on the propety. This will allow the club's existing gym lo be expanded converting both properties into one. It will also provide extra space for non-boxing aclwilies such as the Memory Café mentioned above. The Trustees have appointed a professional project manager lo oversee the project. Plans have been drawn. and these include installing a new shop frDnl and upgrading the area lo the rear that forms the car park. Internally the plans include the creation of a larger gym floor, formation of male and female changing facilities, a fi(ness studio and administration and messing facility for volunteers and paronls. A planning application has been submitted lo ERYC. The objective is to complete the project by by the end of October 2026. Renella and the coaching team are planning another show night in early 2026. Members of the board of Iruslees are seeking to widen the number of financial supporters the club has in the are8, to reach out further and open up the facility and the offer of the club lo the community. The Iruslees intend lo continue lo promote GABC CIO so there Is a greater awareness of the club and ils work. In summing up, the Iruslees would like lo thank all the coaching team, the volunteers and all the friends and supporters of th¢ club for all they do in helping the members achieve both inside and outside the ring. Well done all of you.
Goole Amateur Boxing Club Trustees, Annual Report f¢onlhJued) Year ended 31 March 2025 "7+K.d.pY..2o.zf and The trustees. annual report was approved on trustees by.. signed on behalf of the board of Mr R Longlhorp OBE Trustee Mrs R R Edwards Trustee
Goole Amateur Boxing Club Independent Examinerfs Report to the Trustees of Goole Amateur Boxing Club Year ended 31 March 2025 I report to the trustees on my examination of the financial statements of G¢x)le Amateur Boxing Club I'lhe charity'l for the year ended 31 March 2025. Responsibilities and ba$ls of report As the trustees of the charity you are responsible for the preparation ol the financial slalements in aordance with the requirnents of the Charities Act 20111'lhe Acl'l. I report in SpeCt of my examination of the charity's financial slalements 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 145151{bl of the Act. Independent examinels statement I have completed my examination. I conftrm that no material mallers have come lo my attention in connection with the examination giving me cause to believe that in any material respect-. accounting records were not kept in respect of the charity as required by section 130 of the Act". or the fin8nci815tatemenls do not accord with those records,. or the financial statements do not comply with the applicable requirements concerning the form and conlenl of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts gtve a 'lrue and fairf view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other mallers 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. Mr B J Barker F.C.A. of Townends Aceountanls LLP Independent Examiner Carlisle Street Goole East Riding of Yorkshire DN14 5DX
Goole Amateur Boxing Club statement of Flnancial Activities Year ended 31 March 2025 2025 Unrestri¢led funds Total funds 2024 Total lunds Income and endowments Donations and legacies Other trading activities Investment income 15,801 29,928 847 15,801 29.928 847 27,515 27.852 272 Totsl income 46,576 46,576 55,639 Expenditure Expenditure on charitable activities Total expendlture 22,327 22,327 20,050 22,327 22.327 20,050 Net income and net movement in funds 24.249 24,249 35.589 Reconciliation of funds Total funds brought forward Total funds carried forward 35,589 35,S89 59.838 59,838 35,589 The statement of financial activities includes a15 gains and losses recognised in the year. All income and expenditure derive from Continuing activities. Th8 notes on pages 9 to 14 fomi part of th8$8 financial statements.
Goole Amateur Boxing Club Statement of Financlal Position 31 March 2025 2025 2024 Note Fixed assets Tangible fixed assets 12 3,325 Current assets Debtors Cash al bank and in hand 13 900 55.973 35.919 56.873 35,919 Creditors: amounts falling due within one year Net current assets 14 360 330 56,513 35.589 Total assets less current liabilities 59,838 35,589 Net assets 59,838 35,589 Funds of thé charity Unrestricted funds 59,838 59.838 35,589 35,589 Total eharity funds 15 These financial slalemenls were approved by the board of trustees and authorised for issue on 74k Aty4..2ol9nd are siqned on behaff of the board by.. Mr R Longlhorp OBE Trustee Mrs R R Edwards Trustee Th8 notes on pages 9 to 14 form part of the8e flnanclal statements.
Goole Amateur Boxing Club Notes to the Flnancial Statements Year ended 31 March 2025 General information The charity is a public benefit enlily and a registered charty in England and Wales and is unincorporated. The address of the principal office is 25 Boolhferry Road, Goole, East Yorkshire. DN14 5DE. Statement of compliance These financial slalements have been prep8red in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Slalemenl 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 1021 (Charities SORP IFRS 10211 and the Charities Act 2011. Accounting poli¢ies Basis of preparation The financial slalemenls have b&n prepared on the hislorieal cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured al fair value through income or expenditure. The financial statements are prepared in sterling, which is the functional currency of the enlty. Going concern There are no material uncertainties about the charty's ability lo continue. Fund accounting Unreslricled funds are available for use al the discretion of the trustees lo further any of the charity's purposes. Designated funds are unrestricted funds eamarked by the Iruslees for particular future project or commitment. Resliicled funds are subjected to restrictions on their expendrf(ure declared by the donor or through the terms of an appeal. and fall into one of two sub-classes.. reslricled income funds or endowment funds.
Goole Amateur Boxing Club Notes to the Financial Statements (COnLlnued) Year ended 31 March 2025 Accounting policies (contlnuedj Incomlng resourceg All incoming iesourees are included in the statement of financial activities when enlillemenl has passed lo the charity., il is probable that the economic benefits associated with the transaction will flow lo the charity and the amount can be reliably measured. The following speciftc pdicies are applied to particular categories of income.. income from donations or grants is reeognised when there is evidence of enlillemenl lo the grft, ceipt is probable and ils amount can be measured reliably. lega income is recognised when reIpt is probable and entillemenl is established. income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably. in which case the value is derived from the cost lo the donor or the oslimated resale value. Donated facilities and services are recognised in the accounts whell received if the value be reliably measured. No amounts are included for the contribution of general volunteers. income from contracts for the supply of services is recognised w((h the delivery of the contracted service. Thi% is classified as unrestricted funds unless there is a conlraclual requirement for it lo be spent on a particular purpose and returned if unspent, in which case il may be regarded as restricted. Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expend(ture includes any VAT which cannot be fully recovered, and Is classified under headings of the statement of financial aclivtiies lo which il relates.. expenditure on raising funds includes the costs of all fundraising actwitie3, events, non-charilable trading activities, and the sale of donated goods. expenditure on charitable activities includes all costs incurred by a ¢harity in undertaking activities that further ils charitable aims for the benefit of ils beneficiartes. including those support costs and costs relating lo the governan of the charty apportioned lo charitable aclivilyas. other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of ils expendfiure on eharrtable aclThiilies. All Costs are allocated to expenditure calegorigs reflecting the use of the resource. Direct costs attributable lo a single actThiily are allocated directly lo that aclivily. Shared costs are apportioned between the activities they contribute lo on a reasonable, justifiable and consistent basis. Tangible assets Tangible assets are ini(ially recorded al cost, and Subsequent slated at cost less any accumu18ted depreciation and impairment losses. Any t8ngible assets carried at revalued amounts are recorded at the fair value al the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. 10-
Goole Amateur Boxing Club Notes to the Financial Statements (contlnu Year ended 31 March 2025 Accounting policies (contthtsed) Tangible assets (¢ontinu¢d) An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless il reverses a charge for impairment that has previously been re¢ognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset a5 a re5uII of revaluation, is cOgnised in other recognised gains and losses, except lo which il offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the slalemenl of financial aclivilies. Depreciation Depreciation is calculated so as lo write off the cost or valuation of an asset. less f(s residual value, over the useful economic life of that asset as follows.. 20% reducing balance Impairment of fixed assets A review for indicators of impaimienl is carried out at each reporting dale, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingw. Prior impairments are also reviewed for possible reversal al each reporting date. For the purposes of impairment lesling. when il is not possible to estimate the recoverable amount of an individual asset, an estimale is made of the recoverable amount of the cash-generaling unil lo which the asset belongs. The cash-generaling unil is the smallest identifiable group of assets that includes the asset and generates cash inflDWS Ihal largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill. the goodwill acquired in a business combination is, from the acquisition dale, aliocated lo each of the cash-generaling units that are expected to benefit from the synergies of the combination, irrespective of whether other asse15 or liabilities of the charity are assigned to those units. Donations and legacies Unreslricled Total Funds Unrestrtcled Total Funds Funds 202S Funds 2024 Donations Donations Services 78 698 78 698 7,962 7.962 Sponsorshlp Show Night- ticket sales 4.096 4,096 Subscriptions Subscription8 - members fees 15.025 15,025 15,457 15,457 15.801 15,801 27,515 27,515 11
Goole Amateur Boxing Club Notes to the Financlal Ststements (continuedl Year ended 31 March 2025 Other trading activitie5 un$t[Icted Total Funds Unreslricled Total Funds Funds 2025 Funds 2024 Fundraising Room hire 24,201 5,727 24,201 5,727 17,520 10,332 17,520 10.332 29.928 29,928 27,852 27,852 Investment incomo Unrestricted Total Funds Unreslricled Total Funds Funds 2025 Funds 2024 Bank interest receNable 847 272 272 Expgnditure on charitable actlvltles by fund type Unrestricted Totsl Funds Unrestricted Total Funds Funds 2025 Funds 2024 Support eosts 22,327 22,327 20,050 20,050 Net income Nel income is slated after chargingllcredilingl.. 2025 2024 Depreciation of tangible fixed assets 831 Indgpendent examlnatlon feeg 2025 2024 Fees payable lo the independent examiner for Independent examination of the financial statements 360 330 10. Stsff costs The average head count of employees during the year was Nil12024'. Nill. No employee received employee benefrts of more than £60.000 during the year12024.' Nill. 11. Trustee remuneration and expenses No remuneration or other benefits from employment with the charity were received by the Iruslees. 12-
Goole Amateur Boxing Club Notes to the Financial Statements (continuedj Year ended 31 March 2025 12. TangSble flxed assets Plant and machinery Total Cost At 1 April 2024 Additions 4,156 4,156 At 31 March 2025 4,156 4,156 Dgprgciatlon At 1 April 2024 Charge for the year At 31 March 2025 831 831 831 831 Carrying amount At 31 March 2025 3,325 3,325 Al 31 March 2024 13. Dgbtors 2025 2024 Trade debtors 900 14. Creditors.. amounts falling due within ono year 2025 2024 Accruajs and deferred income 360 330 15. Anatysis of charltsble funds Unrestricted funds At 31 March 202 At 1 April 2024 Income Expenditure General funds 35,589 46,576 (22,3271 59.838 Al 31 March 202 At 1 April 2023 Income Expenditure General funds 55,639 120.0501 35.589 13-
Goole Amateur Boxing Club Notes to the Flnancial Statements fconllnuwlj Year ended 31 March 2025 16. Analysis of net assets betweon funds Unrestricted Total Funds Funds 2025 Current assets 59.838 59,838 Unreslricled Tot81 Funds Funds 2024 Current 8ssets 35,589 35.589 14-
Goole Amateur Boxing Club Management Information Year ended 31 March 2025 The following pageg do nottorm part ofthe financial statsments. 15-
Goole Amateur Boxing Club Detailed Statement of Financial Activities Year ended 31 March 2025 2025 2024 Income and endowmants Donations and legacies Donations Services Show Night- ticket sales Subscriptions- members fees 78 698 7.962 4.096 15,457 15.025 15.801 27,515 other trading activities FLJndraising Room hlre 24,201 5,727 29,928 17,520 10,332 27.852 Investment income Bank interest receivable 847 272 Total Income 46,576 55,639 Expenditure Expenditure on charitable activitie5 Rent Rates and water Light and heal Repairs and maintenanee Insurance Affiliation fees Promotion EqLTipment Legal and professional fees Sundry expenses Depreciation Other interest payable and similar charges 13,200 2.863 1,089 534 1,806 574 156 7,600 1,765 2,479 1,293 1.437 832 939 1,829 555 1,168 545 571 831 158 153 22,327 20.050 Total expenditure 22,327 20,050 Net Income 24,249 35,589 16-