Bletchley Boxing Community Hub
Charity No. 1207987
Company No. CE035968
Trustees' Report and Unaudited Accounts
28 February 2025
Bletchley Boxing Community Hub Contents
| Pages | ||
|---|---|---|
| Trustees' Annual Report | 2 | |
| Independent Examiner's Report | 5 | |
| Statement of Financial Activities | 6 | |
| Summary Income and Expenditure Account | 7 | |
| Balance Sheet | 8 | |
| Notes to the Accounts | 9 to | 15 |
| Detailed Statement of Financial Activities | 16 to | 17 |
Page 1
Bletchley Boxing Community Hub Trustees Annual Report
The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the period ended 28 February 2025.
REFERENCE AND ADMINISTRATIVE DETAILS
Company No. CE035968
Charity No. 1207987
Principal Office
10 Burners Lane Kiln Farm Milton Keynes Buckinghamshire MK11 3HB
Registered Office
Bletchley A B C 10 Burners Lane Kiln Farm Milton Keynes MK11 3HB
Directors and Trustees
The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year:
-
R. Anderson
-
E. Izzo
-
P. Layton
-
P. Timothy
Key Management Personnel
Manager
Claire Byrne
Accountants
MW Accounting Services Ltd South House 4 Bond Avenue Mount Farm Milton Keynes MK1 1SW
OBJECTIVES AND ACTIVITIES
The charitable purpose of Bletchley Boxing Community Hub is to advance amateur and recreational boxing for the public benefit and to promote health, wellbeing, and social inclusion through sport.
Page 2
Bletchley Boxing Community Hub Trustees Annual Report
During the year, the charity delivered a wide range of activities to further these aims, including:
-
Regular boxing and fitness sessions for young people and adults
-
Targeted programmes for young people with special educational needs and disabilities
-
Box Champions Programme – a psychologically informed intervention initiative for young people struggling with mental health, social exclusion, and related challenges
-
Community boxing events and shows
-
Volunteer and coaching development opportunities
ACHIEVEMENTS AND PERFORMANCE
In its first full year of operation, the charity has made significant progress, including:
-
Engaging over 400 participants through weekly classes and programmes
-
Launching the Box Champions Programme – a psychologically informed intervention initiative engaging 80 young people
-
Crowned our first ever England Boxing National Schools Champion, a milestone achievement for the club.
-Took a team of 19 boxers to compete in the King of the Ring Box Cup in Sweden, one of Europe’s largest tournaments with over 700 competitors — returned home with 6 Gold, 4 Silver, and 7 Bronze medals.
-
Increasing volunteer base with 3 England Boxing-qualified coaches
-
Positive feedback from participants showing improvements in health, wellbeing, and confidence
FINANCIAL REVIEW
All funds received during the year have been applied to further the charity’s objectives and activities.
PLANS FOR FUTURE PERIODS
Looking ahead, the trustees intend to:
-
Strengthen governance and safeguarding arrangements
-
Expand the Box Champions Programme
-
Build stronger partnerships
-
Diversify income streams through fundraising and grants
-
Improve facilities and invest in new equipment
STRUCTURE, GOVERNANCE AND MANAGEMENT
Bletchley Boxing Community Hub is a Charitable Incorporated Organisation (CIO) registered with the Charity Commission. The charity is governed by its constitution and overseen by a Board of Trustees, who are responsible for strategic direction, compliance, and ensuring that the charity meets its objectives.
Trustees are appointed by nomination and approval of the Board. New trustees receive an induction covering their responsibilities, safeguarding, and governance policies.
Day-to-day management of the charity is delegated to the Chief Executive Officer, supported by staff, volunteers, and qualified coaches.
Page 3
Bletchley Boxing Community Hub Trustees Annual Report
The charity has developed a suite of policies and procedures to guide safe and effective practice, including: - Safeguarding Policy for Children and Vulnerable Adults
-
Behaviour Management Policy
-
Complaints Policy and Procedure
-
Data Protection Policy
-
Equality, Diversity and Inclusion (EDI) Policy
-
Health and Safety at Work Policy
-
Whistleblowing Policy
-
Social Media Policy
Each policy sets out clear responsibilities, processes, and review dates. Together, they provide assurance that the charity operates safely, transparently, and in line with good practice.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102).
Signed on behalf of the board
P. Timothy Trustee 15 September 2025
Page 4
Bletchley Boxing Community Hub Independent Examiners Report
Independent Examiner's Report to the trustees of Bletchley Boxing Community Hub
I report to the charity trustees on my examination of the financial statements of Bletchley Boxing Community Hub for the period ended 28 February 2025.
Responsibilities and basis of report
As the charity's trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act.
Having satisfied myself that the financial statements of the Charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's financial statements as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in accordance with section 386 of the 2006 Act ; or
-
the financial statements do not accord with those records; or
-
the financial statements do not comply with the accounting requirements under section 396 of the 2006 Act other than any requirement that the financial statements give a 'true and fair' view which is not a matter considered as part of an independent examination; or
-
the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
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 to enable a proper understanding of the financial statements to be reached.
Adam Sibley ACCA MW Accounting Services Ltd South House 4 Bond Avenue Mount Farm Milton Keynes MK1 1SW 15 September 2025
Page 5
Bletchley Boxing Community Hub Statement of Financial Activities
for the period ended 28 February 2025
| Notes Income and endowments from: Donations and legacies 3 Charitable activities 4 Total Expenditure on: Charitable activities 5 Other 6 Total Net gains on investments Net expenditure 7 Transfers between funds Net expenditure before other gains/(losses) Other gains and losses Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
Unrestricted funds 2025 £ 113,133 21,374 |
Total funds 2025 £ 113,133 21,374 |
|---|---|---|
| 134,507 12,640 125,129 |
134,507 12,640 125,129 |
|
| 137,769 - |
137,769 - |
|
| (3,262) - |
(3,262) - |
|
| (3,262) | (3,262) | |
| (3,262) 12,346 |
(3,262) 12,346 |
|
| 9,084 | 9,084 |
Page 6
Bletchley Boxing Community Hub Balance Sheet
at 28 February 2025
| Company No. CE035968 Notes 2025 £ Fixed assets Intangible assets 9 2,440 Tangible assets 10 6,966 9,406 Current assets Debtors 11 170 Cash at bank and in hand 16,934 17,104 Creditors:Amount falling due within one year 12 (17,426) Net current (liabilities)/assets (322) Total assets less current liabilities 9,084 Net assets excluding pension asset or liability 9,084 Total net assets 9,084 The funds of the charity Restricted funds 13 Unrestricted funds 13 General funds 9,084 9,084 Reserves 13 Total funds 9,084 |
2024 £ 3,355 6,158 |
|---|---|
| 9,513 905 100,484 |
|
| 101,389 (98,556) |
|
| 2,833 12,346 |
|
| 12,346 | |
| 12,346 | |
| 12,346 | |
| 12,346 | |
| 12,346 |
These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
For the period ended 28 February 2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
Approved by the board on 15 September 2025
And signed on its behalf by:
P. Timothy Trustee 15 September 2025
Page 7
Bletchley Boxing Community Hub Notes to the Accounts
for the period ended 28 February 2025
- 1 Accounting policies
Basis of preparation
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Change in basis of accounting or to previous accounts
There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.
Fund accounting
-
Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.
-
Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values.
-
Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.
Income
-
Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.
-
Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income.
-
Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material.
Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets
Page 8
Bletchley Boxing Community Hub Notes to the Accounts
Expenditure
-
Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.
-
Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs.
-
Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
-
Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
-
Other expenditure These are support costs not allocated to a particular activity.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Stocks
Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.
Trade and other debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.
Trade and other creditors
Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
Page 9
Bletchley Boxing Community Hub Notes to the Accounts
Leased assets
Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.
Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.
Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs.
Assets held under finance leases are depreciated in the same way as owned assets.
Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.
Pension costs
The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
Receipt of donated goods, facilities and services
All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.
2 Company status
The company is a private company limited by guarantee and consequently does not have share capital.
3 Income from donations and legacies
| 3 Income from donations and legacies |
||
|---|---|---|
| Grants 4 Income from charitable activities Subscriptions |
Unrestricted £ 113,133 113,133 Unrestricted £ 21,374 21,374 |
Total 2025 £ 113,133 |
| 113,133 | ||
| Total 2025 £ 21,374 |
||
| 21,374 |
Page 10
Bletchley Boxing Community Hub Notes to the Accounts
5 Expenditure on charitable activities
| Expenditure on charitable activities Governance costs 6 Other expenditure Employee costs Motor and travel costs Premises costs Amortisation, depreciation, impairment, profit/loss on disposal of fixed assets General administrative costs Legal and professional costs 7 Net expenditure before transfers This is stated after charging: Depreciation of owned fixed assets Amortisation of intangible fixed assets 8 Staff costs Salaries and wages Pension costs No employee received emoluments in excess of £60,000. |
Unrestricted £ 12,640 12,640 Unrestricted £ 94,597 5,395 8,733 3,234 11,001 2,169 125,129 2025 £ 2,319 915 2025 93,907 374 94,281 |
Total 2025 £ 12,640 |
|---|---|---|
| 12,640 | ||
| Total 2025 £ 94,597 5,395 8,733 3,234 11,001 2,169 |
||
| 125,129 | ||
Page 11
Bletchley Boxing Community Hub Notes to the Accounts
9 Intangible fixed assets
| Cost At 24 April 2024 At 28 February 2025 Amortisation and impairment At 24 April 2024 Amortisation charge for the year At 28 February 2025 Net book values At 28 February 2025 At 23 April 2024 10 Tangible fixed assets Cost or revaluation At 24 April 2024 Additions At 28 February 2025 Depreciation and impairment At 24 April 2024 Depreciation charge for the year At 28 February 2025 Net book values At 28 February 2025 At 23 April 2024 11 Debtors Other debtors |
2025 £ 170 170 |
Other £ 3,660 3,660 305 915 1,220 2,440 3,355 £ 6,821 3,127 9,948 663 2,319 2,982 6,966 6,158 |
Total £ 3,660 |
|---|---|---|---|
| 3,660 | |||
| 305 915 |
|||
| 1,220 | |||
| 2,440 | |||
| 3,355 | |||
| £ 6,821 3,127 |
|||
| 9,948 | |||
| 663 2,319 |
|||
| 2,982 | |||
| 6,966 | |||
| 6,158 | |||
Page 12
Bletchley Boxing Community Hub Notes to the Accounts
12 Creditors:
amounts falling due within one year
| Creditors: amounts falling due within one year |
|
|---|---|
| Other taxes and social security Other creditors Accruals Deferred income |
2025 £ 6,272 55 899 10,200 |
| 17,426 |
13 Movement in funds
| 13 Movement in funds | ||||
|---|---|---|---|---|
| Restricted funds: Unrestricted funds: General funds Total funds 14 Analysis of net assets between funds Fixed assets Net current assets 15 Reconciliation of net debt Cash and cash equivalents Net debt |
At 24 April 2024 12,346 12,346 |
Incoming resources (including other gains/losses ) £ 134,507 134,507 Unrestricted funds £ 6,966 (322) 6,644 At 24 April 2024 £ |
Resources expended £ (137,769) (137,769) Restricted funds £ 2,440 - 2,440 Cash flows £ |
At 28 February 2025 £ 9,084 |
| 9,084 | ||||
| Total £ 9,406 (322) |
||||
| 9,084 | ||||
| At 28 February 2025 £ |
||||
| 100,484 | (83,550) | 16,934 | ||
| 100,484 100,484 |
(83,550) (83,550) |
16,934 | ||
| 16,934 |
Page 13
Bletchley Boxing Community Hub Notes to the Accounts
16 Commitments
Operating lease commitments
Annual commitments under non-cancellable operating leases are as follows:
| 2025 | 2025 | |
|---|---|---|
| Land and buildings |
Other | |
| £ | £ | |
| Operating leases with expiry date: | ||
| Pension commitments | ||
| 2025 | ||
| £ | ||
| The pension cost charge to the company | ||
| amounted to: | 374 |
17 Related party disclosures
Controlling party
The company is limited by guarantee and has no share capital; thus no single party controls the company.
Page 14
Bletchley Boxing Community Hub Detailed Statement of Financial Activities
for the period ended 28 February 2025
| Income and endowments from: Donations and legacies Grants Charitable activities Subscriptions Total income and endowments Expenditure on: Charitable activities Total of expenditure on charitable activities Employee costs Salaries/wages Pension costs Staff training Motor and travel costs Travel and subsistence Premises costs Rent Light, heat and power Premises repairs and maintenance Other premises costs General administrative costs, including depreciation and amortisation Amortisation Depreciation of Bank charges Equipment leasing and hire charges General insurances Software, IT support and related costs |
Unrestricted funds 2025 £ 113,133 113,133 21,374 21,374 134,507 12,640 12,640 12,640 93,907 374 316 94,597 5,395 5,395 3,547 2,744 1,304 1,138 8,733 915 2,319 144 3,024 2,837 946 |
Total funds 2025 £ 113,133 |
|---|---|---|
| 113,133 | ||
| 21,374 | ||
| 21,374 | ||
| 134,507 12,640 |
||
| 12,640 | ||
| 12,640 93,907 374 316 |
||
| 94,597 | ||
| 5,395 | ||
| 5,395 | ||
| 3,547 2,744 1,304 1,138 |
||
| 8,733 | ||
| 915 2,319 144 3,024 2,837 946 |
Page 15
Bletchley Boxing Community Hub Detailed Statement of Financial Activities
| Stationery and printing Subscriptions Sundry expenses Telephone, fax and broadband Legal and professional costs Accountancy and bookkeeping Other legal and professional costs Total of expenditure of other costs Total expenditure Net gains on investments Net expenditure Net expenditure before other gains/(losses) Other Gains Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
286 1,498 883 1,383 14,235 1,612 557 2,169 125,129 137,769 - (3,262) (3,262) - (3,262) 12,346 9,084 |
286 1,498 883 1,383 |
|---|---|---|
| 14,235 | ||
| 1,612 557 |
||
| 2,169 | ||
| 125,129 | ||
| 137,769 - |
||
| (3,262) | ||
| (3,262) - |
||
| (3,262) | ||
| 12,346 | ||
| 9,084 |
Page 16