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