AC£OUItrAN15LTD Charity Accounts St Monica's Boxing Club For the year ended 2 May 2024 Prepared by BMCAccountants Ltd ACCWNIMT5LTO Company Informatlon Trustees, Report Independent Examinor's Report to the tNstees OF St Monica's BoxinE Club ststement of financial actlvitles (including income and expenditure account) Balance Sheet Notes to the Financial Ststements Ch4rltyAccounts st Ntyonica's Boxlng Club Ptgé2019 ACCOUNTANTSLTD St Monica's Boxing Club Fortheyear ended 2 May 2024 Trustees Mrowen Murphy MrAlan M¢Greevy MrAnthony Jennin85 Registered Office 7 DaisyHill Newry Co Down BT35 8PN Charities Commi55ion for Northern Ireland Number 107952 Independent Examiner BMCAccountants Ltd Commercial House 15 Merchants Quay Newry Co Down BT35 6AH CharftyAccDunts St Monlci's Boxlngciub P*gè3 OF9 Ae¢oiJtrtrAHU5LriJ St Monica's Boxing Club Forthe year ended 2 May 2024 The trustees, who are directors forthe purpose5 of company law, present the annual report togetherwlth the flnanclal statements olthe charitable company forthe year ended 2 May 2024. Principal Activities The maln beneflts that flow from the purposes of St Monlca's Boxing Club 15 to help to broaden, as far as posslble, access to boxing facillties in Newry and surroundlng area in order to enhance particlpatlon and develop physical and mental boxingskllls. Such participation enhances the physical benefitsto partlcipants by way of healthy actlve partlclpatlon in boxing, Participation etso encourages sportsmanshlp, dlscipllne and personal development at all levels. It also provides enjoyment to those spettating. The benefits are demonstrated through feedback from individual members. There is no harm ari5ingfrom any of the purposes. The beneficiaries are people with an interest in boxings spartand physlcal development and indeed anyone in the communlty who wishes to participate. Therè Is no harm flowlng from the purposes and any prlvate benefit 15 incidental. They provide fully qualified boxing coaches to teach local members of the community to box, This can be for general fitness or In competition such as local club events or national events, We also provide a safe and neutral envlronm@nt For peoplefrom all communities to come together both to train, learn and break down barriers. We aim to build people to help them gain conFldence tD reach thÉlrfull potential in life and raise the level of achlevernent of the local area with particular emphasi5 Qn providlng a sportlng outlet and sporting opportunitie5 forthe local community. Durlngthe year, there were donations received from the community which was used to purchase a new bulldlng which will be used a5 Qur boxing club going forward to host events and tralnlngfor club members. Going Concern Management have considered a period of at least 12 month5 from the date of approval ofthese financial statements as part of thelr assessment of the appropriateness of the going concem a55umption, and have concluded that the golng concem basls Is appropriate. Structure) governance and management Organlsatlonal structure St. Monica's Boxing Club Is a registered charitywith The Charity Comm155lon for Northern Ireland undercharity number 107952. Re¢ruitment and irustees There were no changes to the charity trustees during the flnanclal year. Organl8atlon Structuré The Board conslsts of three Trustee5 who administerthe club and meet monthly. The Board has appointed a club Leaderto manage the day-to-day operations of the club, The leader has delegated authority, withln ten￿5 o*delegated approval, for operational Matte￿ including staff superwision, delivery of activities and budgetary management. Staff also undertake regular trainlng Thls report was approv￿ by the tru soft arity on 20th March 2025 and Signed on its behalf by. Owen MLtrphy Alan McGreewy Trustee Trustee CharftyAccounts | si Monlca's BoxlnE Cl￿b PaBe4of9 AccovNrA1115LTO xin St Monica's Boxing Club Forthe yearended 2 May2024 I report to the charity trustees on my examination of the accounts of the charityfor the year ended 2 May 2024. Respe¢tlv¢ responsibilities of trustees and Qxamlner As the charlty's trustees of ST MONICA'S BOXING CLUB you are rEsponsible forthe preparation of the account5 in accordance wlth the requirements of the Companles Act 20061'the 2006Att'I, Havlng sat15fied myself that the accounts of ST MONICA'S BOXING CLUB are not required to be audited under Part 16 of tho 2006 Act and ire ellgible for independentexamination, it is my responsibility to: examine the accounts under sectlon 65 of the Charities Act (Northern Irelandl 2008. - to follow the procedures lald down In thè general Directlons glven by the Charity Commission for Northern Ireland under sectlon 6519llbl ofthe Charities Act. and - to state whetherparticular matters have come to my attention. I have examined your charity's accounts as required under sectlon 65 of the Charities Act and my examination was carried out in accordance with the general Dlrectlons given by the Charity Commission for Northern Ireland under5ection 6519llbl ofthe Charltlès Act. The examination Included a revlew of the accounting records kept bythe charity and a comparison of the aecountg presented wlth those records. It also includes consideration of any unusual items or disclosure5 In the accounts, and seeklng explanations from you as charity trustees concerning 3ny such matters. Independent examiner's statement I have completed my @xaminatlon.I confirm that no matters have come to my attention in connection with the examination giving me cause to belleve., l. accounting records were not kept in respect of ST MONICA'S BOXING CLUB gs required by sectlon 386 ofthe 2006 Act. or 2. the iccounts do not accord with those records,. or 3. the accounts do not comply with the accountlng requirement5 of section 396 of the 2006 Act otherthan any requirementthat the accounts give a'true and fairview, which is nol a matter considered as part of an independet)t examlnatlon,. or 4, the accounts have not been prepared in accordance with the methods and principles oFthe Statement of Recomrnended Practice for accounting and reporting by charities lapplicable to charitles preparing theiraccounts in accordance with the Financial Reportlng Standard applicable in the UK and Republlc of Ireland IFRS 10211. I have no concerns and have come acr055 no other matters in connection with the examination to whlch attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Signature. BMCAccountants Ltd Commercial House 15 Merchants Quay Newry Co Down BT35 6AH 120th March 20251 CharityAciounts st Monlca's Boxingtlub Page5Gfg AecouNTANISLTD ivi nt) St Monica's Boxing Club Forthe year ended 2 May 2024 RESTRICTED FUNDS UNRESTRICTED FUNDS TOTAL Statement of financial activities (includin Incomln ResouKÈs Boxers Dues income and ex enditure account 20208 1,92C* 608 20,208 Boxers Travel Payments Club Merthandlse 1,920 Donatlonsfor Néw Club 75,569 75,568 237 Interest Income 237 Lotto Payments Sponsorship Subsidles and Grant Total Incomlne RÈsourtès 2,627 2,627 540 19,900 19,900 121,608 Charttablecosts Staff Tralning Rates 1401 11591 14,2501 1401 11591 14,2501 11441 11521 17521 15,3421 1201 11351 11,8431 12,6001 I3.￿7] 13,9511 122,7461 Rént Repairs & Maintenance Telephone & Internet Light, Power, Heating otorvehlcle Expenses Cleaning Printing& Ststlonery Entry Fees Lotto Willnlng5 Direct Expenses Travel. Natlonal TotalCharitsbi&Cost$ 11521 17521 15,3421 11351 11,8431 12,6001 13,3571 13,9511 120.1461 2,6001 Governance Costs Governance Costs Accountancy Fees Bank Feos 16001 1421 11,0371 11,6791 16001 1421 12,037) 12,6791 Insurance Total Governancecosts II,QDoI ji,DooI Total StstèmÈThtof financial activities lincluding income and expendlture account) 94,496 1,687 96,183 CharftyAccounts | St Monica's Boxlngclub Page7019 hC¢OUN"rnNn LTQ St Monica's Boxing Club As at2 May2024 NOTES 2 MAY2024 2 MAY2013 Flxed Assets Tan Ible assets Land and bulldln Land and buildin Buildlngs Total Land and bulldin8S cost 80,841 Totsl fixed Assets 80,841 Current assets Cash at bank and in hand Cash Account 2,135 17,554 1,228 20,917 3,385 st Moni£a'5 Boxing Club Newry St Monlca's Boxlng Club Newry- Savlngs Total Cash ai bank and In hand 1,590 Total Current a$sel$ 20,917 4,9T5 Net current assets Iliabilltles) 20,917 4,9T5 Total assets less current Ilabllltles IDI,758 4,975 Accruals and defe￿ed income Actruais 600 Total Accruaisand deferred Income 600 NetAssets 101,158 4,975 ital and reserves Profitand loss account 101,158 4,975 Ttstsl Capital and reserves 101,158 4,975 harltyAccounts | stFlonlca's BoKlng Club P8ge8of9 AC¢OUNTlJ4rsiY St Monica's Boxing Club Forthe year ended 2 May 2024 l. Accountlng Policles Basis of pr*paring the flnanclalstatements The accounts have been prepared underthe historical cost conventlon and in accordance with FRS 102. The Flnanclal Reporting Standard applicable in the UK and Republlc of Ireland las applied to small entities by section IA of the standard). Turnover Turnover Is measured at the farr value of thÈ considèratlon received or receivable, net of discounts and value added taxes. Tltrnover includes revenue earned from the sale of goods and from the rendéring of s@rvices. Turnover from the sale of goods is recognised when the Significant ri5k5 and rewards of ownership ofthe goods have transferred to the buyer. Tumoverfrom the renderlng of servlces Is recognlsed by reference to the stage of completion of the contract. The Stage of completlon of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract CQ5ts. Stocks and work In progress Stoc1￿ and work-in-progress are valued at the lower of c05t and net reallsable value, after making due allowance for obsolete 2nd slow-moving Stems. Cost includes all direct expenditure and an appropriate proportion of fixed ond varlable overheads. Work-In-progres5 is reflÉcted In the accounts on a contract by contratt basi5 by recordingturnover and related costs a5 contract activity progresses. Fund Structure Unrestricted income funds are general funds that are available for use at the trustee's dlscretlon in furtherance of the obl@ctivès of the charity. Restricted Income funds are those donated for use in a partlculararea or for specific purposes, the use of which is restricted to that area or purpose. Investments Flxed asset Investments are stated at cost less any provision for diminutiDn in value. ZQ24 2023 2. Tan ible Assets Land and buildin Co$t Building5 Total Cost 80,841 Totsl Land and building5 Totsl TangiblÈAssets 80,841 CharityAicounts st Monica's Boxingclub Page9Df9