**REGISTERED CHARITY NUMBER: SC047850** **Report of the Trustees and Unaudited Financial Statements For The Year Ended 30th June 2024** **for Hamilton Boxing Club** **Hamilton Boxing Club** ## **Contents of the Financial Statements For The Year Ended 30th June 2024** ||**Page**| |---|---| |**Report of the Trustees**|1 to 2| |**Independent Examiner's Report**|3| |**Statement of Financial Activities**|4| |**Balance Sheet**|5 to 6| |**Notes to the Financial Statements**|7 to 12| |**Detailed Statement of Financial Activities**|13 to 14| **Hamilton Boxing Club** ## **Report of the Trustees** ## **For The Year Ended 30th June 2024** The trustees present their report with the financial statements of the charity for the year ended 30th June 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). ## **OBJECTIVES AND ACTIVITIES** ## **Objectives and aims** The club hope to accommodate the growing member base by expanding or relocation as well as increasing our equipment range in order to allow us to appeal to the wider community through general fitness programs. We would hope for this to be funded via a mixture of grant applications, fundraising events and sponsorships. ## **Significant activities** The club operates a successful boxing and fitness program which is open to all members of the public regardless of age and ability. The club currently have fifty-two members with classes running three times per week, implemented via accredited coaches supplied by the club, working on a volunteer basis. ## **Public benefit** The activities offered by the club at a low cost, benefits the community by means of healthier living as well as having a social impact by bringing much needed sporting activities and facilities to deprived areas within a variety of communities and social classes. ## **ACHIEVEMENT AND PERFORMANCE Charitable activities** The purpose of the club is to encourage the community to become more active, introducing both children and adults to an environment where they can become healthier by taking part in our fitness programs whether it be in our base in Hamilton or within the School environment as part of the curriculum. ## **Fundraising activities** The club negotiated the use of a local social club venue for it's annual fundraiser boxing event in order to raise both the local profile of the club while simultaneously raising awareness of the facilities on offer to the local community which is locally run and is now very well established. The annual fundraising boxing event was a resounding success for both club and venue as it was received with, invested in, and enjoyed by the local community with another sell-out crowd. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity. ## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number** SC047850 ## **Principal address** 67 Clydesdale Street Hamilton Lanarkshire ML3 0DD ## **Trustees** Page 1 **Hamilton Boxing Club** ## **Report of the Trustees For The Year Ended 30th June 2024** ## **REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner** J S Mackie & Co Ltd 8 Douglas Street Hamilton Lanarkshire ML3 0BP Approved by order of the board of trustees on 28th March 2025 and signed on its behalf by: Page 2 ## **Independent Examiner's Report to the Trustees of Hamilton Boxing Club** I report on the accounts for the year ended 30th June 2024 set out on pages four to twelve. ## **Respective responsibilities of trustees and examiner** The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity's trustees consider that the audit requirement of Regulation 10(1)(a) to (c) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under Section 44(1)(c) of the Act and to state whether particular matters have come to my attention. ## **Basis of the independent examiner's report** My examination was carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. An examination includes 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 trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts. ## **Independent examiner's statement** In connection with my examination, no matter has come to my attention: - (1) which gives me reasonable cause to believe that, in any material respect, the requirements - to keep accounting records in accordance with Section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; and - to prepare accounts which accord with the accounting records and to comply with Regulation 8 of the 2006 Accounts Regulations - have not been met; or - (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. J S Mackie & Co Ltd 8 Douglas Street Hamilton Lanarkshire ML3 0BP 28th March 2025 Page 3 ## **Hamilton Boxing Club** ## **Statement of Financial Activities For The Year Ended 30th June 2024** |**2024**
**Unrestricted**
**fund**
Notes
**£**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
**24,206**
Other trading activities
3
**6,143**
**Total**
**30,349**
**EXPENDITURE ON**
Raising funds
4
**26,924**
**Charitable activities**
5
Charitable activities
**4,485**
**Total**
**30,273**
**NET INCOME**
**76**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**46,652**
**TOTAL FUNDS CARRIED FORWARD**
**46,728**|2023
Total
funds
£
25,321
7,475
32,796
26,624
4,485
31,409
1,387
45,265
46,652| |---|---| The notes form part of these financial statements Page 4 ## **Hamilton Boxing Club** ## **Balance Sheet 30th June 2024** |**2024**
**Unrestricted**
**fund**
Notes
**£**
**FIXED ASSETS**
Tangible assets
9
**4,807**
**CURRENT ASSETS**
Debtors
10
**414**
Cash at bank
**41,662 **
**42,076**
**CREDITORS**
Amounts falling due within one year
11
**(155)**
**NET CURRENT ASSETS**
**41,921**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**46,728**
**NET ASSETS**
**46,728**|2023
Total
funds
£
2,126
763
43,893
44,656
(130)
44,526
46,652
46,652| |---|---| The notes form part of these financial statements continued... Page 5 Hamlltoll Boxin Club BalaDce Sheet- rolltlDued 30th Juue 2024 12 Unrestricted fimds 46.728 46.652 TOTAL FUNDS 46,728 46.652 The fina￿cial statanents were approved by the Board of Truslees alld authotised foi issue oll 31st M￿(11 2025 and ￿ere The notes fomh part ofthese kncial 5tstements Page 6 **Hamilton Boxing Club** ## **Notes to the Financial Statements For The Year Ended 30th June 2024** ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charity, which is a public benefit entity under **FRS 102** , have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities and Trustee Investment (Scotland) Act 2005. The financial statements have been prepared under the historical cost convention. ## **Income** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received, and the amount can be measured reliably. ## **Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with the use of resources. ## **Tangible fixed assets** Depreciation is provided at the following annual rates in a view to writing off each asset over its estimated useful life. Equipment - 25% reducing balance Fixtures & Fittings - 25% reducing balance ## **Taxation** The charity is exempt from tax on its charitable activities. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for specifically targeted projects or purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ## **2. DONATIONS AND LEGACIES** |Gifts
Donations
Gift aid
Admission fees|**2024**
**£**
**2,997**
**5,340**
**114**
**15,755**
**24,206**|2023
£
4,866
4,575
348
14,532
25,321| |---|---|---| continued... Page 7 **Hamilton Boxing Club** ## **Notes to the Financial Statements - continued For The Year Ended 30th June 2024** ## **2. OTHER TRADING ACTIVITIES** |Event ticket sales
Other misc income
Sponsorships
**4.**
**RAISING FUNDS**
**Raising donations and legacies**
Sportswear & apparel
Equipment renewal
**Other trading activities**
Purchases
Governing body licence fees
Venue hire
Event tickets & programs
Ring hire
Professional fees
**Investment management costs**
Travel costs
Leased premises costs
Property repairs
Aggregate amounts|**2024**
**£**
**3,775**
**18**
**2,350**
**6,143**
**2024**
**£**
**8,243**
**1,144**
**9,387**
**2024**
**£**
**2,817**
**2,455**
**1,140**
**914**
**1,500**
**725**
**9,551 **
**2024**
**£**
**1,723**
**1,875**
**2,107**
**5,705**
**24,643**|



|2023
£
3,565
35
3,875
7,475
2023
£
6,211
5,475
11,686
2023
£
2,476
2,985
990
687
650
706
8,494
2023
£
1,148
1,625
3,971
6,744
26,924| |---|---|---|---| Page 8 **Hamilton Boxing Club** ## **Notes to the Financial Statements - continued For The Year Ended 30th June 2024** ## **5. CHARITABLE ACTIVITIES COSTS** |**5.**|**CHARITABLE ACTIVITIES COSTS**|||| |---|---|---|---|---| ||||Support|| |||Direct|costs (see|| |||Costs|note 6)|Totals| |||£|£|£| ||Charitable activities|**2,611**|**3,019**|**5,630**| |**6.**|**SUPPORT COSTS**|||| |||||Finance| |||||£| ||Charitable activities|||**3,019**| ## **7. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 30th June 2024 nor for the year ended 30th June 2023. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 30th June 2024 nor for the year ended 30th June 2023. ## **8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES** ||Unrestricted| |---|---| ||fund| ||£| |**INCOME AND ENDOWMENTS FROM**|| |Donations and legacies|25,321| |Other trading activities|7,475| |**Total**|32,796| |**EXPENDITURE ON**|| |Raising funds|11,686| |**Charitable activities**|| |Charitable activities|19,723| |**Total**|31,409| |**NET INCOME**|1,387| |**RECONCILIATION OF FUNDS**|| |**Total funds brought forward**|45,265| |**TOTAL FUNDS CARRIED FORWARD**|46,652| Page 9 **Hamilton Boxing Club** ## **Notes to the Financial Statements - continued For The Year Ended 30th June 2024** ## **9. TANGIBLE FIXED ASSETS** |**9.**|**TANGIBLE FIXED ASSETS**||||| |---|---|---|---|---|---| |||||Fixtures|| |||||and|| |||Equipment||fittings|Totals| ||||£|£|£| ||**COST**||||| ||At 1st July 2023|**5,080**||**2,900**|**7,980**| ||Additions|**4,773**||**927**|**5,700**| ||At 30th June 2024|**9,853**||**3,827**|**13,680**| ||**DEPRECIATION**||||| ||At 1st July 2023|**4,177**||**1,677**|**5,854**| ||Charge for year|**2,463**||**556**|**3,019**| ||At 30th June 2024|**6,640**||**2,233**|**8,873**| ||**NET BOOK VALUE**||||| ||At 30th June 2024|**3,213**||**1,594 **|**4,807**| ||At 30th June 2023||903|1,223|2,126| ||||||y| |**10.**|**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**||||| |||||**2024**|2023| |||||**£**|£| ||Leasehold deposit|||**300**|300| ||Gift aid recovery|||**114**|463| |||||**414**|763| |**11.**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE**|**YEAR**|||| |||||**2024**|2023| |||||**£**|£| ||Other creditors|||**155**|130| |**12.**|**MOVEMENT IN FUNDS**||||| |||||Net|| |||||movement|At| |||At|1/7/23|in funds|30/6/24| ||||£|£|£| ||**Unrestricted funds**||||| ||General fund|**46,652**||**76**|**46,728**| ||**TOTAL FUNDS**|**46,652 **||**76**|**46,728**| ||Net movement in funds, included in the above are as follows:||||| |||Incoming||Resources|Movement| |||resources||expended|in funds| ||||£|£|£| ||**Unrestricted funds**||||| ||General fund|**30,349**||**(30,273)**|**76**| ||**TOTAL FUNDS**|**30,349**||**(30,273) **|**76**| continued... Page 10 **Hamilton Boxing Club** ## **Notes to the Financial Statements - continued For The Year Ended 30th June 2024** Net movement in funds, included in the above are as follows: ## **Comparatives for movement in funds** |**Comparatives for movement in funds**||| |---|---|---| ||Net|| ||movement|At| |At 1/7/22|in funds|30/6/23| |£|£|£| |**Unrestricted funds**||| |General fund
45,265|1,463|46,728| |**TOTAL FUNDS**
45,265|1,463|46,728| |Comparative net movement in funds, included in the above are as follows:||| |Incoming|Resources|Movement| |resources|expended|in funds| |£|£|£| |**Unrestricted funds**||| |General fund
32,796|(31,409)|1,387| |**TOTAL FUNDS**
32,796|(31,409)|1,387| A current year 12 months and prior year 12 months combined position is as follows: |||Net|| |---|---|---|---| |||movement|At| ||At 1/7/22|in funds|30/6/23| ||£|£|£| |**Unrestricted funds**|||| |General fund|45,265|1,463|46,728| |**TOTAL FUNDS**|45,265|1,463|46,728| A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: |as follows:|||| |---|---|---|---| ||Incoming|Resources|Movement| ||resources|expended|in funds| ||£|£|£| |**Unrestricted funds**|||| |General fund|63,145|(61,682)|1,463| |**TOTAL FUNDS**|63,145|(61,682)|1,463| ## **13. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 30th June 2024. continued... Page 11 **Hamilton Boxing Club** **Detailed Statement of Financial Activities For The Year Ended 30th June 2024** ||**2024**|**2023**| |---|---|---| ||**£**|£| |**INCOME AND ENDOWMENTS**||| |**Donations and legacies**||| |Gifts|**2,997**|4,866| |Donations|**5,340**|4,575| |Gift aid|**114**|348| |Admission fees|**15,755**|14,532| ||**24,206**|25,321| |**Other trading activities**||| |Event ticket sales|**3,775**|3,565| |Other misc income|**18**|35| |Sponsorships|**2,350**|3,875| ||**6,143**|7,475| |**Total incoming resources**|**30,349**|32,796| |**EXPENDITURE**||| |**Raising donations and legacies**||| |Sportswear & apparel|**8,243**|6,211| |Equipment renewal|**1,144**|5,475| ||**9,387**|11,686| |**Other trading activities**||| |Appearance fees & trophies|**2,817**|2,476| |Governing body licence fees|**2,455**|2,985| |Venue hire|**1,140**|990| |Event tickets & programs|**914**|687| |Ring hire|**1,500**|650| |Professional fees|**725**|706| ||**9,551**|8,494| |**Investment management costs**||| |Travel costs|**1,723**|1,148| |Leased premises costs|**1,875**|1,625| |Property repairs|**2,107**|3,971| ||**5,705**|6,744| |**Charitable activities**||| |Insurance|**156**|144| |Carried forward|**156**|144| This page does not form part of the statutory financial statements Page 13 **Hamilton Boxing Club** ## **Detailed Statement of Financial Activities** |**Charitable activities**
Brought forward
Light and heat
Telephone
Postage and stationery
Advertising
Sundries
Cleaning costs
**Support costs**
**Finance**
Depn of equipment
Fixtures and fittings
Total resources expended
**Net income**|**For The Year Ended 30th June 2024**
**2024**
**2023**
**£**
**£**
**156**
144
**1,127**
1,441
**214**
228
**143**
231
**556**
977
**28**
277
**387**
453
**2,611**
3,751
**2,463**
301
**556**
433
**3,019**
734
**30,273**
31,409
**76**
1,387| |---|---| This page does not form part of the statutory financial statements Page 14