BMCY
Charity Accounts St Monica’s Boxing Club For the year ended 2 May 2025
Prepared by BMC Accountants Ltd
BMC ACCOUNTANTS LTD
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3 Company Information
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4 Trustees' Report
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5 Independent Examiner's Report to the trustees of St Monica's Boxing Club
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6 Statement of financial activities (including income and expenditure account)
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ts Balance Sheet
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8 Notes to the Financial Statements
Charity Accounts St Monica’s Boxing Club
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BMCY ACCOUNTANTS LTD
St Monica’s Boxing Club For the year ended 2 May 2025
Trustees
Sandra Gray Tanya Murphy Alan McGreevy All Trustees were Appointed at AGM on 22nd October 2025
Registered Office
T Daisy Hill Newry Co Down BT35 8PN
Charities Commission for Northern Ireland Number 107952
Independent Examiner
BMC Accountants Ltd Commercial House 15 Merchants Quay Newry Co Down BT35 6AH
Charity Accounts St Monica’s Boxing Club
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BMCY ACCOUNTANTS LTD
Trustees’ 1 Report St Monica’s Boxing Club For the year ended 2 May 2025
The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements of the charitable company for the year ended 2 May 2025.
Principal Activities
The main benefits that flow from the purposes of St Monica's Boxing Club is to help to broaden, as far as possible, access to Suchboxing facilities in Newry and surrounding area in orderto enhance participation and develop physical and mental boxing skills. participation enhances the physical benefits to participants by way of healthy active participation in boxing. Participation also encourages sportsmanship, discipline and personal development at all levels. It also provides enjoyment to those spectating.
The benefits are demonstrated through feedback from individual members. There is no harm arising from any ofthe[purposes.] The beneficiaries are people with an interest in boxing, sport and physical development and indeed anyone in the community who wishes to participate. There is no harm flowing from the purposes and any private benefit is 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 environment for people from all communities to come together both to train, learn and break down barriers. We aim to build people to help them gain confidence to reach their full potential in life and raise the level of achievement ofthe local area with particular emphasis on providing a sporting outlet and sporting opportunities for the local community. During the year, we continued to use our community Boxing Club facilities which had been bought in the previous year. This was a great benefit for the club and showed the progress we had made from the previous year. Going Concern Management have considered a period of at least 12 months from the date of approval of these financial statements as part of their assessment of the appropriateness of the going concern assumption, and have concluded that the going concern basis is appropriate.
Structure, governance and management
Organisational structure
St. Monica's Boxing Club is a registered charity with The Charity Commission for Northern Ireland under charity number 107952.
Recruitment and trustees
The following Trustees were appointed at the AGM on 22nd October 2025:
. Sandra Gray . Tanya Murphy . Alan McGreevy
Organisation Structure
The Board consists of three Trustees 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, within terms of delegated approval, for operational matters including staff supervision, delivery of activities and budgetary management. Staff also undertake regular training.
This report was approved by the trustees ofthe charity on 3rd November 2025 and signed on its behalf by. Sandra Gray at |
Trustee
Charity Accounts St Monica’s Boxing Club
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BMCY ACCOUNTANTS LTD
Independent Examiner'se y Report to the trustees of St Monica'so | Boxinge Club St Monica’s Boxing Club For the year ended 2 May 2025
| report to the charity trustees on my examination of the accounts of the charity for the year ended 2 May 2024.
Respective responsibilities of trustees and examiner
As the charity's trustees of ST MONICA'S BOXING CLUB you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of ST MONICA'S BOXING CLUB are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, it is my responsibility to:
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examine the accounts under section 65 of the Charities Act (Northern Ireland) 2008;
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to follow the procedures laid down in the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) ofthe Charities Act; and
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to state whether particular matters have come to my attention.
| have examined your charity's accounts as required under section 65 of the Charities Act and my examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act. The examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as charity trustees concerning any such matters.
Independent examiner's statement
| have completed my examination.| confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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accounting records were not kept in respect of ST MONICA'S BOXING CLUB as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination; or
4, the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
| have no concerns and have come across no other matters in connection with the examination to which attention should be Signature......drawn in this report t ; \iniorder-AA to enable a proper understanding of the accounts to be reached.
BMC Accountants Ltd
Commercial House
15 Merchants Quay Newry Co Down BT35 6AH
3rd November 2025
Charity Accounts St Monica’s Boxing Club
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BMCY ACCOUNTANTS LTD
Stat nt of financial activities (including i and expenditure account) St Monica’s‘ ) Boxing‘ Club For the year ended 2 May 2025
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|RESTRICTED|UNRESTRICTED|
|unspuns|
|Statement|of financial activities|(including|income|and|expenditure|account)|
|Incoming Resources|
|Boxers|Dues|-|10,615|10,615|
|Club|Merchandise|-|925|925|
|Interest|Income|-|13|13|
|Lotto|Payments|2,492|-|2,492|
|Sponsorship|-|3,202|3,202|
|Subsidies and Grant|42,995|-|42,995|
|Donations|/|Fundraising|5,000|1,560|6,560|
|Total|Incoming|Resources|50,487|16,315|66,802|
|NLCharitable|Costs|
|Rates|-|(177)|(177)|
|Repairs & Maintenance|(5,000)|(250)|(5,250)|
|Telephone & Internet|-|(197)|(197)|
|Light,|Power,|Heating|-|(412)|(412)|
|Motor Vehicle Expenses|(7,090)|-|(7,090)|
|IT Software And Consumables|-|(24)|(24)|
|Printing & Stationery|-|(149)|(149)|
|Charitable And|Political|Donations|-|(340)|(340)|
|Entry Fees|-|(3,686)|(3,686)|
|Lotto Winnings|(2,400)|2|(2,400)|
|Direct Expenses|-|(1,380)|(1,380)|
|Travel|-|National|(7,104)|-|(7,104)|
|Total|Charitable|Costs|(21,594)|(6,615)|(28,209)|
|Governance|Costs|
|peiee|
|Governance|Costs|
|i|
|Accountancy Fees|-|(1,190)|(1,190)|
|Bank|Fees|-|(89)|(89)|
|Insurance|(2,256)|-|(2,256)|
|Legal and|Professional Expenses|(12,691)|-|(12,691)|
|Total Governance|Costs|(14,947)|(1,279)|(16,225)|
|Depreciation|and|other amounts written|off assets|
|Depreciation|Expense|(1,617)|-|(1,617)|
|Total Depreciation and|other amounts written off assets|(1,617)|-|(1,617)|
|Total Statement of financial|activities|(including income and expenditure account)|12,330|8,421|20,751|
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Charity Accounts St Monica’s Boxing Club
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BMCY ACCOUNTANTS LTD
St Monica’s) Boxing. Club As at 2 May 2025
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|NOTES|2|MAY 2025|2|MAY 2024|
|igESE|SE|
|Fixed|Assets|
|Seena|
|Tangible|assets|
|Land|and|buildings|
|Land|and|buildings|cost|
|Buildings|80,841|80,841|
|Land|and|buildings accumulated|depreciation|
|Less Accumulated|Depreciation|On|Buildings|(1,617)|-|
|Total Land|and|buildings accumulated|depreciation|(1,617)|-|
|Total Land and buildings|79,224|80,841|
|Total|Fixed Assets|79,224|80,841|
|Current|assets|
|reee|
|aLCash|at|bank|andlLin|handLn|
|Cash Account|2,235|2,135|
|St Monicas|Boxing Club Newry|64,741|17,554|
|St Monica's|Boxing|Club Newry|- Savings|1,241|1,228|
|Total Cash|at bank and|in hand|68,217|20,917|
|Total Current assets|68,217|20,917|
|Creditors:|amounts falling due within one year|
|Other creditors|24,883|-|
|Total|Creditors: amounts falling due within one year|24,883|=|
|ena eer|
|Net current assets|(liabilities)|43,334|20,917|
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|Total|assets|less current|liabilities|122,559|101,758|
|Accruals|and|deferred|income|
|ea|aa|a|
|Accruals|650|600|
|Total Accruals and|deferred|income|650|600|
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|Net Assets|121,909|101,158|
|Capital|and|reserves|
|Bact|elite|cc|a|eee|ee|
|Profit and|loss account|121,909|101,158|
|Total Capital and|reserves|121,909|101,158|
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Charity Accounts St Monica’s Boxing Club
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BMCY ACCOUNTANTS LTD
Notes to the Financial Statements St Monica’s Boxing Club For the year ended 2 May 2025
1. Accounting Policies
Basis of preparing the financial statements
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership ofthe[ goods][have][transferred][to][ the][buyer.][ Turnover][ from][the] renderingis measured of servicesby comparingis recognised the costsbyincurred referencefor to work the stageperformed of completionto date toof the thetotal contract.estimatedThe stagecontract of completion costs. ofa contract
Stocks and work in progress
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow-moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
Fund Structure
Unrestricted income funds are general funds that are available for use at the trustee's discretion in furtherance of the objectives of the charity.
Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
Investments
Fixed asset investments are stated at cost less any provision for diminution in value.
2025 2024 er:ee 2 2. Tangible Assets Land and buildings Cost a Opening Balance Ee 80,841eee eeBuildings - 80,841 Total Cost 80,841 80,841 Depreciation cheee
Charity Accounts St Monica’s Boxing Club
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Notes to the Financial Statements
BMCW ACCOUNTANTS LTD
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|2025|2024|
|Less Accumulated|Depreciation|On|Buildings|1,617|-|
|Total|Depreciation|1,617|-|
|Total|Land|and|buildings|79,224|80,841|
|Total|Tangible Assets|79,224|80,841|
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Charity Accounts St Monica’s Boxing Club
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