Company registration number: N1058199
Monkstown Boxing Club
Company limited by guarantee
Unaudited flnancial statements
28 February 2023
Registered with Charity Commisslon for Northern Ireland No. 108300

Monkstown Boxing Club
Company limited by guarantee
Contents
Page
Trustees and other information
Trustees report
Independent examiners report
Statement of financial activity
Statement of financial position
Notes to the financial statements
9-12

Monkstown Boxing Club
Company Ilmlted by guarantee
Trustees and other informatlon
Trustees
Mr Billy Snoddy MBE
Mr Mark Langhammer
Mr Ronnie Crawley
Mr Paul Johnston MBE
Ms Sue Ellen Gourley
Secretary
Paul Johnston MBE
Company number
N1058199
Reglstered office
Cashel Drive
Monkstown
N￿￿ownabbeY
BT37 OEY
Accountants
Allen Fleming CA Limited
Old Bank House
161-183 Upper Lisburn Road
Belfast
BT10 OLJ
Page 1

Trustees Report
The Trustees, who are Directors for the purpose of company law, present their annual report including the
strategic report together with the unaudited financial statements of the charity for the year ending 28 February
2023. The Trustees have adopted the provisions of the Statement of Recommended Practice (SORP)
Accounting and Reporting by Charities (FRS 102) in preparing the annual report and financial statements of the
charity.
Directors
The following Directors have held office since 1 March 2022 (unless stated)-.
Billy Snoddy MBE (Chair)
Mark Langhammer Iv1￿ Chair)
Robert Crawley
Sue-Ellen Gourley
Paul Johnston MBE (Company Secretary)
Directors, Interests
None of the directors of the company held a beneficial interest in the assets of the company. There were no
emoluments paid to directors during the current year. Directors did not claim any expenses during the current
year in their capacity as Directors.
Chief Executive Officer
Since August 2012 the Chief Executive Officer. known as the Project Director and Company Secretary, has
been Paul Johnston MBE.
Structure, Governance and Management
Monkstown Boxing Club is a yOLrth work charity that has been working with the most vulnerable young people
in Northem Ireland for nearly four decades. We were established in January 1983, when a small group of local
people wanted to offer a positive outlet for youth through the establishment of an amateur boxing club. Fast
forward 40 years and the club is recognized a pioneering youth and community hub, open 6 days a week
including school holidays, offering young people a safe place to go, something to do and someone to talk too.
Monkstown Boxing Club's purpose is to help young people grow to be happy, healthy, and successful adults.
Ourboxing, fitness and youth space's provide young people with a range of activities, giving them the opportunity
to try new things, meet newfriends and gain 5UPPOrt from passionate and positive youth workers and volunteers.
Since 2012 through investment from a range of partners, the club has been delivering an award winning
education support programme for young people disengaged from mainstream education as well a5 providing
young men's and young women's groups, a breakfast and after school's club, youth leadership and employability
programmes. Called 'ln Yourcorner, the project works with over250 young people on a weekly basis accessing
services and support.
As a result of Covid-19, the club now provides a wide range of family and children's services to the local
community including a food-bank service to families affected by poverty and a full-time Counsellor. It is this
demand for place-based services that has driven our vision for a new flagship Community Wellbeing Hub in
Monkstown that will contribute to economic regeneration in the area and provide children, young people, and
adults with somewhere to go, inspiring things to do and supportive people to talk to.
Monkstown Boxing Club is a company limited by guarantee, incorporated on 21 February 2006 and registered
with the Charity Commission Northern Ireland on 15 October 2021. It is governed under Ihe company's
Memorandum and Articles of Association.
Page 2

All of Monkstown Boxing Club's governance is exercised by the Trustees, who are individuals whose extensive
experience at senior executive and management levels in commerce, industry, civil service, academic and
community service is made available to Monkstown Boxing Club on a voluntary and strongly committed basis.
New Directors are appointed following an interview and assessment process. Following appointment, new
Directors receive induction briefing5 on the strategic plan and financial activities of the company.
Day-to-day management of the project is headed by the Project Director, assisted by the Lead Youth worker
and educationl youth team. Issuing from this central leadership team, there 15 a line management structure that
links and evaluates personnel and work progress in various projects and activities. The Project Director reports
directly to the Chair and Trustees.
Administration and accounting oversight operate through monthly reports on income and expenditure with the
Finance Manager and Project Leacl's. These include not only the immediale and cumulative past figures, but
budgetary forecasts. This information is approved by the Project Director and Youth Programmes Lead.
Risk Management
The Trustees have examined the major strategic, business, and operational risks which the charity faces and
confirm that systems have been established to enable regular reports to be produced so that necessary steps
can be taken to minimize those risks. During this financial year our Financial Protocols and Safeguarding Policy
has been updated. A risk register is now included as a standing agenda at Board meetings.
Public Benefit Statement
The charity's beneficiaries are socially disadvantaged young people and the wider community. The public
benefits of the charity include increased knowledge, skills and qualifications and improved employability for
socially disadvantaged young people, increased knowledge, skills and work-related experience and improved
employabilty and increased self-esteem and confidence for the workplace and increased access to further
education, training and employment
These direct benefits are demonslrated through..
The number of young people who face social disadvantage, having access to safe spaces, fun and
development activities.
The number of young people who face social disadvantage having opportunities to lead healthier,
happier lives.
The numberof young people who face social disadvantage being able to raise their aspirations and fulfil
their potential.
The number of young people who face social disadvantage and progress into education, training and
employment using personal development plan5.
Objectives and Activities
During this financial year Monkstown Boxing Club updated ourobjects whilst applying to the Chartty Commission
for Northern Ireland. This has now been approved by the CCNI and Companies House. The Charity's Objects
are specifically restflcted to the following:
Give Young People a safe exciting place to go to have fun. Our services will provide young people
with opportunities to get involved in a wide range of activities, building confidence, self-esteem, social
and communication skills. Access to new experiences and challenges help young people to grow
resilience and motivation, a5 well as problem-solving skills in a safe and accessible space.
Page 3

Help Young People lead healthier, happier lives. 'The Box, Community Hub will benefit young
people's physical and emotional wellbeing, Research into how our programmes impact young
people's physical and emotional wellbeing found significant benefils on their emotional intelligence
and resilience. Over 89 % of young people stated they are more confident since joining the club, and
90Q/o say they get on better with people.
Support Young People to raise their aspirations & fulfil their potential. The club's education and
employability programmes have proven to prepare young people for the future. 95 % ofyoung people
say the club helps betterprepare them for the future, and 820/0 report better marks in school. Through
our employability programme, 84/0 of participants found work, or move into training or education.
During this financial yearourDirectors, staff and young people updated ourstrategy. Our newvision and mission
are:
Vision: For every young person we serve lo be happy, healthy and able to thrive.
Mission: To empower young people to lead posltive, fulfilling lives by providing access to
incredible programmes and 8xceptional youth work, delivered by outstanding people, where they
are needed the most.
Values: Our values underpin everything we do and how we do it. They are..
Young People first
Ambition
Excellence
a collabo￿tIOn
Respect
Financial Review
Monkstown Boxing Club returned net income for the year of £11,308 (2021.. £37,453) which comprised a net
unrestricted surplus of £218,688.
Plans for Future Periods.
The plan for the next financial year has been agreed with main funding coming from Department of Education,
National Lottery Community Fund, Antrim & Newtownabbey BC and Children in Need. We also have minor
partners through Department of Justice and Education Authority-
The Project Director has continued to investigate the potential for new funding from Peace Plus and Levelling in
the delivery of our vision for a new flagship youth space and community hub.
Political and Charitable Donatlons
During the year the company made no political or charitable contributions.
Reference and Admlnistrative Details
The organizations, details are as disclosed on the administrative details page.
Page 4

Independent examinevs report to the charity Monkstown Boxing Club
I report on the accounts of the Charity fr)r the year ended 28th February 2023.
Respective responsibilities of charity trustees and examiner
As the charity's trustees you are responsible for the preparation of the accounts in accordance with the
Charrties Act (Northern Ireland) 2008.
It is my responsibility to..
examine the accounts under section 65 of the Charities Act
follow the procedures laid down in the general Directions given by the Commission under section
65(9)(b) of the Charities Act
state whether particular matters have come to my attention.
Basis of independent examinerfs report
I have examined your charity accounts as required under section 65 of the Charities Act and my examination
was carried out in acGordance with the general Directions given by the Charity Commission for Northern
Ireland under section 65{9)(b} of the Charities Act. My examination included a review of the accounting
records kept by the charity and a comparison of the accounts presented with those records. It also included
consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as
charity trustees ¢onceming any such matters.
My rol8 IS to state whether any material matters have come to my attention giving me cause to believe..
1. That accounting records were nol kept in accordance with section 63 of the Charities Act
2. That the accounts do not accord with those accounting records
3. That the accounls do not comply with the accounting requirements of the Charities Act
That there is further information needed for a proper understanding of the accounts to be reached.
Independent examinerfs statement
I have Gompleted my examination and have no concerns in respect of the matters (1) to {4} listed above and,
in connection with following the Directions of the Charity Commission for Northem Ireland, I have found no
matters that require drawing to your attention.
Name.. Lois Kenny FCCA
Allen Fleming C A Limited
Chartered Accountants and Registered Auditors
Old Bank House
161-163 Upper Lisbum Road
Belfast
BT10 OLJ
Date: 18th September 2023
Page 5

Monkstown Boxing Club
Company limited by guarantee
Statement of financlal activity
Year ended 28th February 2023
Note
Unrestricted Restricted
2023
2022
Turnover
250,453
69,689 320,142 340,530
Administrative expenses
(239,145)
(69,689) (308,834) (303,077)
Operating profitl(loss)
11,308
11,308
37,453
other inter8St receivable and similar income
ProfiV(loss) on ordinary activltles before
taxation
Tax on profiU{loss} on ordinary activities
11,308
11,308
37,453
Profitl(loss) for the financial year and total
comprehensive income
11,308
11,308
37,453
Reserves at the start of the year
207,380
207,380 169,927
Reserves at end of the year
218,688
218,688 207,380
All the activities of the company are from continuing operations.
The notes on pages 7 to 11 form part of these finan¢lal statements.
Page 6

Monkstown Boxing Club
Company Ilmited by guarantee
Statement of financlal position
28th February 2023
2023
2022
Note
Current assets
Debtors
69,689
Cash at bank and in hand
159,186
218,148
228,875
218,148
Creditors: amounts falling due
within one year
{10,187)
(10,768)
Net current assets
218,688
207,380
Total assets less current liabilities
218,688
207,380
Net assets
218,688
207,380
Capital and reserves
Profrt and loss account
218,688
207,380
Unrestricted funds
218,688
207,380
For the year encling 28th February 2023 the company was entitled to exemption from audii under section 477
of the Companies Act 2006 relating to small companies.
The notes on pages 9 to 12 fonn part of these financial statements.
Page 7

Monkstown Boxing Club
Company limited by guarantee
Statement of financial posltlon
28th February 2023
Trtjstees responsibilities..
The members have not required the company to obtain an audit of its financial statements for the year in
question in accordance with section 476;
The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect
to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies
subjectto the small companies, regime and in accordance with Section 1A of FRS 102'The Financial Reporting
standard applicable in the UK and Republic of Ireland,.
These financial statements were approved by the board of trustees and authorised for issue on 18th September
2023, and are signed on behalf of the board by..
Mr Paul Johnston MBE
Mr Billy Snoddy MBE
Trustee
Trustee
Company registration number.. N1058199
The notes on pages 9 to 12 form part of these financial statements.
Page 8

Monkstown Boxing Club
Company limited by guarantee
Notes to the financial statements
Year ended 28th February 2023
General information
The company is a private company limited by guarantee, regislered in Northern Ireland. The address of
the registered office is Cashel Drive, Monkstown, Newtownabbey, BT37 OEY.
Statsment of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section
1A, 'The Financial Reporting Standard applicabl8 in the UK and Republic of Ireland,.
Accounting policies
Basis of preparatlon
The financial statements have been prepared on the historical cost basis, as modified by the revaluation
of certain financial assets and liabilities and investment properties measured at fair value through profit
or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Tumover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied
and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have
transferred to the buyer (usually on despatch of the goods),. the amount of revenue can be measured
reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred
or to be incurred in respect of the transactions can be measured reliably.
Taxatlon
The taxation expense represents the aggregate amount of current and deferred tax recogni5ed in the
reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that
it relates to items recognised in other comprehensive income or directly in Capital and reserves. In this
case, tax is recognised in other comprehensive income or directly in Capital and feserves, respectively.
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at
the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or
substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax
losses and other deferred tax assets are recognised to the extent that it is probable that they will be
recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is
measured using the tax rates and laws that have been enacted or Substantively enacted by the
reporting date that are expected to apply to the reversal of the timing difference.
Page 9

Monkstown Boxing Club
Company limlted by guarantee
Notes to the financial statements
Year ended 28th February 2023
Operating leases
Lease payments are recognised as an expense over the lease term on a slraight-line basis. The
aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term. on a
straight-line basis.
Financial instruments
A financial asset or a financial liabilty is recognised only when the company becomes a party to the
contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction pri￿, unless the arrangement
constitutes a financing transaction, where it is recogni5ed at the present value of the future payments
discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
Where investments in non-convertible preference shares and non-puttable ordinary shares or
preference share5 are publicly traded or their fair value can otherwise be measured reliably, the
investment is subsequently measured at fair value with changes in fair value recognised in profit or loss.
All other such investments are subsequently measured at cost less impaiment.
other financial instruments, including derivatives, are initially recognised at fair value, unless payment
for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a
market rate, in which case the asset is measured at the present value of the future payments
discounted at a market rate of interest for a similar debt instrument.
other financial instruments are subsequently measured at fair value, with any changes recognised in
profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of
impairrnent at the end of each reporting date. If the￿ is objective evidence of impairment, an
impairment loss is recognised in profit or loss immediately.
For all equty instruments regardless of significance, and other financial assets that are individually
significant, these are assessed individually for impairment. other financial assets or either assessed
individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal
does not result in a carrying amoLtnt of the financial asset that exceeds what the carrying amount would
have been had the impairment not previously been recognised.
Page 10

Monkstown Boxing Club
Company limited by guarantee
Notes to the flnancial statements {¢ontinued)
Year ended 28th February 2023
Limited by guarantee
Company Limited by guarantee
Employee numbers
The average number of persons employed by the company during the year amounted to 8 (2022: 7).
Debtors
2023
2022
Other debtors
69,689
Page 11

Monkstown Boxing Club
Company limited by guarantee
Notes to the financial statements (continued)
Year ended 28th February 2023
Creditors: amounts falling due withln one year
2023
2022
Bank loans and overdrafts
1,937
3,061
Other creditors
8,250
7,707
10,187
10,768
The following pages do not form part of the statutory accounts.
Page 12

Monkstown Boxing Club
Company limited by guarantee
Detailed Income statement
Year ended 28th February 2023
2023
2022
Turnover
Membership fees
Other Income
1,482
2,673
320
13,338
Children in Need
4,770
22,691
Department of Communities
4,117
Antrim & Newtownabbey Borough Council
Sport Nl
35,725
41,916
12,500
12,500
Community Foundation
Probation Board N.1
7,070
6,500
National Lottery Community Fund
UK Youth
63,258
104,525
15,000
Halifax
1,000
Springboard
NIHE
21,175
450
Department of Education
Nl Youth Forum
69,689
1,720
1,500
Action Renewables
2,557
2,026
Education Authority
Other Fund Raising
Versus Arthriti5
54,189
71,328
13,099
4,000
PHA Grant
1,000
Crowdfunder
16,986
9,847
Ct>Opefation Ireland
AYE
8,000
4,182
2,821
SPE Contracts Ltd
1,000
Youth Justice
4,925
Fundraisingl South Africa
Impact Ne￿Ork
12,598
5,195
3,000
320,142
340,530
Page 13

Monkstown Boxing Club
Company limited by guarantee
Detailed income statement
Year ended 28th February 2023
2023
2022
Gross profit
320,142
340,530
Gross profit percentage
100.
100.0%
Overheads
Administrative expenses
{308,834)
{303,077)
(308,834)
(303,077)
Operating profit
11,308
37,453
Operating profit percentage
3.50
11.0/0
Other interest receivable and similar income
Profit before taxation
11,308
37.453
Page 14

Monkstown Boxing Club
Company limited by guarantee
Detai18d income statement (contlnued)
Year ended 28th February 2023
2023
2022
Overheads
Administrative expenses
Wages and salaries
Youth mentoring
Water rates
(187,062)
{28,351)
(168)
{5,152)
(4,375)
(6,156)
(152,8321
(29,883)
(109)
{1,335)
(19,780)
(1,476)
Insurance
Equipment
Lighting
Heating
Repairs and maintenance
(3,340)
(2,262)
(1,837)
(3,576)
(2,167)
(927)
(3,905)
Printing, postage and stationery
ITIComms
(3.492)
(15,499)
(1,046)
Travel and subsistence
Accountancy
Bank charges
Misc Expenses
(1,149)
(178)
(2,233)
(150)
(202)
(5,204)
(1,350)
(46,706)
(17,164)
Consultancy
EvenUYouthlCompetition expenses
Capital project
Covid Response
{54,052)
(8,793)
{308,834)
(303,077)
Page 15