CITY OF BELFAST BOXING ACADEMY ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Proactive Chartered Accountants Limited Hands-on Financial Reporting
Terry Mccorram Trading As City of Belfast Boxing Academy Contents of the Unaudited Accounts For The Year Ended 31 March 2024 Contents Page Business Details Approval Accountants, Report Profit and Loss Account Balance Sheet Notes to the Accounts
Terry Mccorram Trading As City of Belfast Boxing Academy Business Details For The Year Ended 31 March 2024 Charity No: 104330 Trustee board: Miss Fiona Nelson Mr Jonathan Calder Mr Terry Mccorran Mrs Madeline Garret Accountants: Proactive Accounting Services Ltd Chartered Accountants Opus House 137 York Road Belfast BT15 3GZ
Terry Mccorram Trading As City of Belfast Boxing Academy Accounts Approval Statement For The Year Ended 31 March 2024 I approve these unaudited accounts which comprise a Profit and Loss Account, Balance Sheet and related notes. I acknowledge my responsibility for the accounts including the provision of all the inforniation and explanations necessary for the completion. Signed Mr Terry Mccorram 2010212025
Terry Mccorram Trading As City of Belfast Boxing Academy Accountants, Report For The Year Ended 31 Marcb 2024 In accordance with the engagement letter dated I I, January 2018, we have prepared the accounts, which comprise the Profit and Loss account, the Balance Sheet and the related notes, from the accounting records, infonnation and explanations provided to us. This report is made to you in accordance with the ternis of our engagement. Our work has been undertaken to enable us to prepare the accounts on your behalf and for no other purpose. To the fullest extent perniitted by law, we do not accept or assume responsibility to anyone other than to you, the client, for our work or for this report. You have approved and acknowledged your responsibility for these accounts. We have not been instructed to complete an audit of the accounts. For this reason, we have not verified the accuracy or completeness of the accounting records, information or explanations you have provided. Therefore we do not express any opinion on the accounts. Signed Jon M Dickinson FCCA Proactive Accounling Services Ltd Opus House 137 York Road Belfast BT15 3GZ 2010212025
Terry Mccorram Trading As City of Belfast Boxing Academy Profit and Loss Account For The Year Ended 31 March 2024 2024 Turnover Donations 17,546 17,546 Expenditure Cleaning Boxing equipments and consumables Vehicle running costs Computer and IT Consumables Repairs, renewals and maintenance First Aid Training Printing, postage and stationery Posts and advertisements Accountsncy fees Coaching fees Bank charges Charitable donations Entertaining 73 5,743 190 183 1,845 210 793 900 534 87 325 159 550 1,078 43 105 483 600 170 77 10,414 7,132 1,967* Depreciation Depreciation 4J50 3,766 4J50 3,766 NET PROFIT/(LOSS) 2,782 (1,799)
Terry Mccorram Trading As City of Belfast Boxing Academy Balance Sheet As At 31 March 2024 2024 2023 Notes FIXED ASSETS Tangible Assets 19,624 21,070 CURRENT ASSETS Cash at bank and in hand 4,492 264 NET CURRENT ASSETS 4,492 TOTAL ASSETS LESS CURRENT LIABILITIES 24,116 21,334 NET ASSETS 24,116 21,334 CAPITAL ACCOUNT Balance at l April 2023 ProfLt/(Loss) for the period/year 21J34 2,782 (1,799) Balance Carried Fonvard 24,116
Terry Mccorram Trading As City of Belfast Boxing Academy Notes to the Accounts For The Year Ended 31 March 2024 l. Accounting Policy These unaudited accounts have been completed in accordance with UK Generally Accepted Accounting Practice guidelines and provides sutTicient and relevant infom]ation to enable completion of a tax return. 2. Tangible Assets Land & Property Freehold Plant & Computer Machinery Equipment Total Cost As at l April 2023 Additions 24,990 5,769 2,904 572 31,331 2,904 As at 31 March 2024 24,990 8,673 572 31,331 Depreciation As at l April 2023 Provided during the period 7,497 2,499 2,308 1,753 456 10,261 4,350 116 As at 31 March 2024 9,996 4,043 572 14,611 Net Book Value As at 31 March 2024 14,994 4,630 19,624 As at l April 2023 17,493 3,461 116 21,070