MCCULLAGHS ABC BOXING CLUB
REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1
MCCULLAGHS ABC BOXING CLUB
| FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 |
|---|
| Contents Pg |
| Committee members report 3 |
| Statement of audit 7 |
| Statement of Financial activities 8 |
| Statement of Assets and Liabilities 9 |
2
MCCULLAGHS ABC BOXING CLUB FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
MANAGEMENT COMMITTEE REPORT
The management committee presented their report and financial statements for the year ended 31 March 2025.
ADMINISTRATIVE DETAILS
Address 17f Station View Dunmurry Belfast BT17 0AE Telephone 02890627200 HMRC charity ref 108782
Management committee
The management committee set out below have held office from 1st April 2024 to 31st March 2025
Paul McCullagh Chairman / Head coach Karen O’Donnell Treasurer Frances McCullagh Safeguarding officer John Paul Turley Club secretary
Volunteers
Patricia Mccullagh Chloe O’Donnell Francis McCullagh Seamus O’Donnell Beth Murray Aisling Leavey
OBJECTIVES OF THE CLUB
McCullaghs ABC was set up to provide good quality boxing training for children, teenagers, young adults and the people of the community. The primary focus for mcCullaghs is to provide a safe space for these people so they can come together to learn a new sport in boxing and to educate them in exercise and that participating in sport will give them a positive outlook on their mental health and mind. This in turn enables young people to get off the streets so that they would not be tempted to engage in anti-social behaviour. Whilst searching for premises to open our club it was decided it would be fundamentally important to ensure it was situated in a neutral location so that people from all communities could avail of the club regardless of their religion, background, race or culture. McCullagh's is an inclusive club to all and aims to reconcile our communities together through boxing. In providing this outlet for kids and young adults, it will help to bring communities together after years of sectarianism and hope that children from different backgrounds and cultures can become friends and grow up with a different outlook in life which is especially important in Belfast. We aim to educate our group through sport and highlight what comes hand in hand with reconciling different communities in that it will stop anti-social behaviour and get children into the club and develop a positive mind set as they grow older. It should also be affordable for every child.
4
MCCULLAGHS ABC BOXING CLUB FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
ORGANISATIONAL AND DECISION MAKING STRUCTURE
Karen O’Donnell, Paul McCullagh, Patricia McCullagh and Frances McCullagh manage the running of the club and office in a voluntary capacity and report back to the committee on daily activities and developments.
FINANCIAL REVIEW
The statement of financial activities is listed on page 8
RISK MANAGEMENT
The management committee has assessed the major risks to which the boxing club is exposed. In particular the risks related to the operations and finance of the club which has been the current cost of living crisis and continuing rising of energy prices.
RESPONSIBILITIES OF THE MANAGEMENT COMMITTEE
The management committee are required to prepare financial statements for each financial year which give a true and fair view of the situation of the boxing club and of their income and expenditure for that year.
In preparing those financial statements, the committee members are required to:
-
Select suitable accounting policies and apply them;
-
Make judgements and estimates that are reasonable;
-
State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
-
Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
5
The committee members are responsible for keeping proper accounting records, which disclose with reasonable accuracy at any time the financial position of the club. They are also responsible for safeguarding the assets of the club hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Signed on behalf of the management committee 27/06/25
…………………………………….. Karen O’Donnell (Treasurer)
6
ACCOUNTANTS REPORT TO THE MANAGEMENT COMMITTEE OF MCCULLAGHS ABC BOXING CLUB
I have prepared, without carrying out an audit, the following financial statement in respect of the year ended 31 March 2025 from the information and explanations supplied to me and am satisfied that they are in accordance therewith.
…………………………………………….
DeirdreMcCann FCCA Lindenhill Belfast BT28 3SH
7
MCCULLAGHS ABC
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
31 March 31 March 2025 2025 £ £ INCOMING RESOURCES Grants 12,999 Fundraising 1,870 Membership fees 8,183 23,052 OUTGOING RESOURCES Rent 9,660 Heat and light 2,292 Telephone/Internet Charges 757 Subscriptions 2,430 Affiliation 604 Coaching Costs 3,125 Charitable Activities 416 Bank charges 82 Training 86 19,452 _ Net incoming/ (outgoing) resources 3,600 ====== MOVEMENT OF FUNDS Designated General Restricted Total Funds Funds Funds Balance as at 1 April 2024 - 3,602 - 3,602 Net movement to 31/03/2025 - 3,600 - 3,600 As at 31 March 2025 - 7,202 - 7,202
8
MCCULLAGHS ABC STATEMENT OF ASSETS AND LIABILITIES
McCullaghs ABC boxing club has a bank account and equipment.
9