The Sacred Heart Boxing Club Annual Report and Unaudited Financial Statements for the financial year ended 31 August 2023 John Macmahon & Co Chartered Accountants and Registered Auditors 112 Camlough Road Newry Co Down BT35 7EE Northern Ireland Charity Number- 105828 The Sacred Heart Boxing Club CONTENTS Page Reference and Administrative Informalion Trustees, Report Independent Examiner's Report Financial Statements The Sacred Heart Boxing Club REFERENCE AND ADMINISTRATIVE INFORMATION Trustees John Patrick Mccormick Andrew Mackin Phelim Jennings Charity Number In Northern Ireland 105828 Principal Address 61 Park View Newry Down BT35 8LX Northern Ireland Independent Examlner John Macmahon & Co Chartered Accountants and Registered Auditors 112 Camlough Road Newry Co Down BT35 7EE Northern Ireland Principal Bankers Ulster Bank Limited 86 Hill Street Newry Co. Down BT34 1 BT Northern I￿land The Sacred Heart Boxing Club TRUSTEES, REPORT for the financial year ended 31 August 2023 The trustees present their Trustees, Report and the unaudited financial statements for the financial year ended 31 August 2023. In this report the trustees of The Sacred Heart Boxing Club present a summary of its pU￿oSe, govemance, 8Ctivities, achievements and finances for the financial year 31 August 2023. Mission, Objectives and Strategy Mission Statèmènt To provide a quality communitylamaleur boxing club based in the ArmaghlDown area that caters for the needs of all its participants so that they can achieve their potential. Compliance with Public Benefit The Charity Trustees have had r8gard to the Charity Commission for Northern Ireland's statutory public benefit guidance to ensure that activilies entered into during the year have helped to achi8V8 the charity's aims and objectives as well as providing public benefit. Objectives The aims and objectives of the charity are.. To provide a safe, friendly, positive, social and community boxing environment for all participants,. To offer coaching and competitive opportunities in boxing., To promote the club within the local community and boxing., To manage the premises of Sacred Heart boxing club., To ensure a duty of care to all members of the club-, To provide all its services in a way that is fair to everyone., Encourage the development of our coaches and volunteer staff through the provision of courses and relevant training., Develop and maintain links with other clubs and competitions throughoul the region-, To remain in touch with the needs of its members and potential members, and place these needs at th8 forefront of any developments within the club., To increase the club's membership through PR, marketing and innovative open sessions., To hold a central database of all members, coaches and off cials within the club.. To continually seek applicable funding and finance so that the aims and objectives of the Sacred Heart Boxing Club can be fulfilled. structure. Governance and Management Structure The board oftnjstees oftho charity at 31 August 2023 were John Patrick Mccormick And￿W Mackin Phelim Jennings Governance The principal document regarding governance of the charity is th8 Gonstitution. The charity is an unincorporatgd organisation. Revlew of Actlvlti&s, Achievements and Performance The club runs weekly classes to teach and coach boxing to children and young people. The club competes in various competitions. During the year the club was very successful with six Amiagh Down Champions, four Louth champions, an Ulster Senior champion and two Junior Ulster champions. The trustees were impressed with the achievements of the club during the financial year. Financial Review The results for the financial year are set out on page 7. and reflect the activities undertaken by the charity in 2023. The charity had incom6 of £10,583 and expenditure of £9,785 r8sulting in a surplus of £798. The charity had unrestrict8d reseNes of £2,634 at 31 August 2023. At the end of the financial year the charity has assets of £2,63412022 £1,836) and liabilities of £0.00 (2022 £0.00). The net assets of the charity have increased by £798. The Sacred Heart Boxing Club TRUSTEES, REPORT for the financial year 8nd@d 31 August 2023 Approved by the Board of Trustees on 09 May 2024 and signed on its behalf by.. Joh Trus atrick Mccormick The Sacred Heart Boxing Club INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF TRUSTEES OF THE SACRED HEART BOXING CLUB We have examined the financial statements of the charity for the financial year ended 31 August 2023, which comprise the Financial Statements. This report is made solely lo the charity's members, as a body, in accordance with Ihe Charities Act (Northern Ireland) 2008. Ourwork has been undertaken so that w8 might compile the financial statements that we have been engaged to compile, report to the Board of Trustees that we have done so, and state those matters thatwe have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility lo anyone other than the charity and the charity's members, as a body, for our work, or for this report. Respective responsibilitiès of truste8s and examiner The charity's trustees are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act {Northem Ireland) 2008. The charity's trustees consider that an audit is nol required for this financial year under the Charities Act (Northern Ireland) 2008 and that an independent examination is required. It is our responsibility to: examine the financial slatoments under section 65 of the Charities Act., follow th8 procedures laid down by the general Directions given by the Charity Commission for Northern Ireland under section 6519llb) of the Charities Act., and state whether particular matters have come to our attention. Basis of independent examlner's report We have examined your charity financial statements as required under section 65 of the Charities Act and our examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 6519llbl of the Charities Act. An examination includes a review of the accounting records kept by the charity and a comparison of the financial stat8ments presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements and seeking explanations from the trustees conceming any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fairf view and the report is limited to those matters set out in the ststement below. In connection with our examination, no matter has come to our attention which gives us cause to believe that in. any material respect.. accounting ￿CordS were not kept in accordance with section 63 of the Charities Act the financial statements do not acccird with those accounting records the accounts do not comply with the accounting requirements of the Charities Act there is further infomiation needed for a proper understanding of the accounts to be reached. Independent examlner's statement We have no concerns and have come across no other matters in connectiori with the examination to which attention should be drawn in this report in order to enable a prDper understanding of the financial statements to be reached. JOHN MACMAHON & CO Chartered Accountants and Ragistered Auditors 112 Camlough Road Newry Co Down BT35 7EE Northern Ireland Date: 09 May 2024 The Sacred Heart Boxing Club FINANCIAL STATEMENTS for th8 financial year ended 31 August 2023 Unrestricted Funds 2023 Total Total 2023 2022 Notes Receipts and Payments Account Receipts Voluntary Income Donations and legacies 4,896 4,896 452 Charltable actlvltles.. Membership 5,687 5.687 4,250 Total recelpts 10,583 10.583 4,702 Payments Charltablo activities: Expenditure on charitable activites 9,785 9,785 7,461 Total payments 9,7B5 9,785 7,461 Net recelptsl{payments) for the flnanclal year Balances brought forward at 1 September 2022 798 1.836 798 1,836 12,759) 4,595 Balances carried forward at 31 August 2023 2,634 2.634 1,836 Statement of Assets and Liabilities Cash funds Bank and cash 2,634 2,634 1,836 Approved by the Boar of Trustees and authorised for issue on 09 May 2024 and signed on Its behalf by Jo n Patrlck Mc stee ormlck