## **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