REGISTERED CHARITY NUMBER: 1213390
Report of the Trustees and Unaudited Financial Statements for the Period 20 January 2025 to 31 March 2026 for The Christian Hobbs Charity.
(Charitable Incorporated Organisation)
The Christian Hobbs Charity.
Contents of the Financial Statements for the Period 20 January 2025 to 31 March 2026
| Page | |
|---|---|
| Report of the Trustees | 1 to 2 |
| Independent Examiner's Report | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 |
| Cash Flow Statement | 6 |
| Notes to the Cash Flow Statement | 7 |
| Notes to the Financial Statements | 8 to 9 |
The Christian Hobbs Charity.
Report of the Trustees for the Period 20 January 2025 to 31 March 2026
The trustees present their report with the financial statements of the charity for the period 20 January 2025 to 31 March 2026. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in March 2005.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1213390
Principal address Holdgate House Holdgate Much Wenlock Shropshire TF13 6LW
Trustees
C J Hobbs - appointed 20.1.25 L Hobbs - appointed 20.1.25 I Hobbs - appointed 20.1.25 C Butler - appointed 20.1.25 D F Campbell - appointed 19.6.25 J B Codrington - appointed 16.9.25 H Nickerson - appointed 13.3.26
Independent examiner
R L H Crawford BA CA CTA Institute of Chartered Accountants of Scotland Jeffrey Crawford & Co Chartered Accountants 25 Castle Terrace Edinburgh EH1 2ER
Bankers
CAF Bank Ltd. 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ
CHARITY STATUS
The Charitable Incorporated Organisation (CIO) was constituted on 20 January 2025. It was registered with the Charities Commission for England and Wales under reference 1213390 on the 22nd May 2025. The charitable activities began in August 2025.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The Christian Hobbs Charity is a Charitable Incorporated Organisation (CIO) and is controlled and governed by its constitution dated 20 January 2025.
Recruitment and appointment of new trustees
New Trustees are appointed by the existing Trustees in accordance with the terms of the Constitution. Appropriate training is provided, and all the current Trustees are familiar with the practical work of the charity and their responsibilities as Trustees.
Organisational structure
The overall strategy, policy and general control of the charity is the responsibility of the Trustees but the day-to-day co-ordination of management of the charity is devolved to individual Trustees.
Page 1
The Christian Hobbs Charity.
Report of the Trustees
for the Period 20 January 2025 to 31 March 2026
STRUCTURE, GOVERNANCE AND MANAGEMENT
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
The charity is undertaking a feasibility study to build a community sporting facility for amateur boxing and other activities. After receipt of initial monetary gifts and offer of land, the charity is working to raise the necessary capital through, gifts, donations and external funding to ensure adequate resources are available before committing to the project.
OBJECTIVES AND ACTIVITIES
Objectives and aims
The objects of the CIO are for such charitable purposes for the public benefit as the Trustees see fit from time to time, including the promotion of community participation in healthy recreation in particular but not exclusively by the provision of or assistance in the provision of facilities to foster participation in the sport of amateur boxing in England and Wales
ACHIEVEMENT AND PERFORMANCE
The first project the charity intends to deliver is the construction and subsequent running and maintenance of a boxing centre in Hinckley, Leicestershire. This will be a facility which can be used by local, regional and national participants in the regulated sport of amateur boxing. It is a sport which suffers from underfunding and a lack of adequate facilities for its participants. The project is an ambitious one. The charity's entire focus in its early years is on delivery of this project.
In the period under review the charity has received a significant donation of funds amounting to £700,000 which is provided on the understanding that the funds are used towards the construction of an amateur boxing gym in Hinckley. A suitable site for the construction of the facility, which has planning permission attached to it, has been identified and this land is to be gifted to the charity for that purpose. The intention is that the land and the building will be held by the charity for its charitable purposes going forward.
FINANCIAL REVIEW
Principal funding sources
Initial funding sources have been via gifts from the Heart of England Community Boxing Club for the purposes of building the sporting facility, primarily for boxing purposes. The funds are restricted for this purpose. In future, fundraising efforts will be focused on raising the additional funds required to complete the build project as well as fundraising for the ongoing running and maintenance of the building.
The Trustees express deep gratitude to their major donor, Heart of England Community Boxing Club. Their fund donated by the Club to the Charity was lovingly raised by the friends and family of Christian Hobbs and by the Club following Christian's death with the express purpose of delivering a boxing gym in Hinckley in his memory. The Club has now entrusted this project to the Charity.
Approved by order of the board of trustees on 25[th] May 2026 and signed on its behalf by:
............................................. C J A Hobbs - Chairman
Page 2
Independent Examiner's Report to the Trustees of The Christian Hobbs Charity.
I report on the accounts for the period 20 January 2025 to 31 March 2026, which are set out on pages four to nine.
Responsibilities and basis of report
As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I have examined your charity's accounts as required under section 145 of the Charities Act 2011 ('the 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.
My role is to state whether any material matters have come to my attention giving me cause to believe:
-
that accounting records were not kept as required by section 130 of the Act; or
-
that the accounts do not accord with those records; or
-
that the accounts do not comply with the accounting requirements of the Act; or 4. that there is further information needed for a proper understanding of the accounts.
Independent examiner's statement
I have completed my examination and have no concerns in respect of the matters (1) to (4) listed above and, in connection with following the Directions of the Charity Commission I have found no matters that require drawing to your attention.
R L H Crawford BA CA CTA Institute of Chartered Accountants of Scotland Jeffrey Crawford & Co Chartered Accountants 25 Castle Terrace Edinburgh EH1 2ER
Date: 25 May 2026
Page 3
The Christian Hobbs Charity.
Statement of Financial Activities
for the Period 20 January 2025 to 31 March 2026
| Unrestricted | Restricted | Total funds | ||
|---|---|---|---|---|
| fund | fund | |||
| Notes | £ | £ | £ | |
| INCOMING RESOURCES | ||||
| Incoming resources from generated funds | ||||
| Voluntary income | 699 | 700,000 | 700,699 | |
| RESOURCES EXPENDED | ||||
| Other resources expended | 2,373 | 8,837 | 11,210 | |
| NET INCOMING/(OUTGOING) | ||||
| RESOURCES | (1,674) | 691,163 | 689,489 | |
| TOTAL FUNDS CARRIED FORWARD | (1,674) | 691,163 | 689,489 |
CONTINUING OPERATIONS
All incoming resources and resources expended arise from continuing activities.
The notes form part of these financial statements
Page 4
The Christian Hobbs Charity.
Balance Sheet At 31 March 2026
| Unrestricted | Restricted | Total funds | ||
|---|---|---|---|---|
| fund | fund | |||
| Notes | £ | £ | £ | |
| CURRENT ASSETS | ||||
| Cash at bank and in hand | 546 | 692,363 | 692,909 | |
| CREDITORS | ||||
| Amounts falling due within one year | 3 | (2,220) | (1,200) | (3,420) |
| NET CURRENT ASSETS/(LIABILITIES) | (1,674) | 691,163 | 689,489 | |
| TOTAL ASSETS LESS CURRENT | ||||
| LIABILITIES | (1,674) | 691,163 | 689,489 | |
| NET ASSETS/(LIABILITIES) | (1,674) | 691,163 | 689,489 | |
| FUNDS | 4 | |||
| Unrestricted funds | (1,674) | |||
| Restricted funds | 691,163 | |||
| TOTAL FUNDS | 689,489 |
The financial statements were approved by the Board of Trustees on 25 May 2026 and were signed on its behalf by:
............................................. C J A Hobbs - Chairman
............................................. L Hobbs -Trustee
The notes form part of these financial statements
Page 5
The Christian Hobbs Charity.
| Cash Flow Statement for the Period 20 January 2025 to 31 March 2026 Notes Net cash inflow from operating activities 1 Increase in cash in the period |
£ 692,909 692,909 |
|---|---|
| Reconciliation of net cash flow to movement in net debt 2 Increase in cash in the period Change in net debt resulting from cash flows Movement in net debt in the period Net debt at 20 January Net debt at 31 March |
692,909 692,909 692,909 - 692,909 |
The notes form part of these financial statements
Page 6
The Christian Hobbs Charity.
Notes to the Cash Flow Statement for the Period 20 January 2025 to 31 March 2026
1. RECONCILIATION OF NET INCOMING RESOURCES TO NET CASH INFLOW FROM OPERATING ACTIVITIES
| £ | ||||
|---|---|---|---|---|
| Net incoming resources | 689,489 | |||
| Increase in creditors | 3,420 | |||
| Net cash inflow from operating activities | 692,909 | |||
| 2. | ANALYSIS OF CHANGES IN NET FUNDS | |||
| At 20.1.25 | Cash flow | At 31.3.26 | ||
| £ | £ | £ | ||
| Net cash | ||||
| Cash at bank and in hand | - | 692,909 | 692,909 | |
| Total | - | 692,909 | 692,909 |
Page 7
The Christian Hobbs Charity.
Notes to the Financial Statements for the Period 20 January 2025 to 31 March 2026
1. ACCOUNTING POLICIES
Accounting convention
The financial statements have been prepared under the historical cost convention, and in accordance with applicable accounting standards the Charities Act 2011 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.
Incoming resources
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
Resources expended
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the period ended 31 March 2026.
Trustees' expenses
There were no trustees' expenses paid for the period ended 31 March 2026.
3. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Other creditors | £ 3,420 |
|---|---|
4. MOVEMENT IN FUNDS
| Net movement | ||
|---|---|---|
| in funds | At 31.3.26 | |
| £ | £ | |
| Unrestricted funds | ||
| General fund | (1,674) | (1,674) |
| Restricted funds | ||
| Boxing Gym | 691,163 | 691,163 |
| TOTAL FUNDS | 689,489 | 689,489 |
Page 8
The Christian Hobbs Charity.
Notes to the Financial Statements - continued for the Period 20 January 2025 to 31 March 2026
4. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement in | |
|---|---|---|---|
| resources | expended | funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 699 | (2,373) | (1,674) |
| Restricted funds | |||
| Boxing Gym | 700,000 | (8,837) | 691,163 |
| TOTAL FUNDS | 700,699 | (11,210) | 689,489 |
Page 9