ARGO BOXING CLUB CHARITY NUMBER SC002252
ACCOUNTS FOR YEAR TO 31[st] MARCH 2025
ARGO Boxing Club Report of tbe Trustees for the year ended 31" March 2025 ARGO Boxing Club presents its annual report and the accounts for the year ended 315t March 2025. ARGO Boxing Club is a charitable oiganisatioll (SC002252) alld is registered at 20 lllllchapel Road, Glasgow, Gl 5 6QE. Officers The Executive Cotnmittee consists of six members. is Chair and responsible for providing supportive leaderslu"p, presidillg over meetgS. and guiding decisions takeD b tlie F.xeciitii'e Coll]mittee. Tlie adiiiiiiisti"atioD of the club is carried out by tbe Treasurer, lld Secret?n-. The cliib has two Child Protection Officers. Head Coach, and volunteer eiational lIe1S alld altend all executive meetings. are responsible for the club's social media and fi i" "e i.es onsiL)le t.oi ci 'aising eN"eiits. Review of activRties The fmancial statements for the year to 31° March 2025 show a surplus of £8,205, all of which is ullrestricted funds. Subscriptions have increased compared to last year, and exceed budgets, due to additional members alld a change in pricing strllctUTe. There weTe no grants alld dollatiolls received this year due to llo requitemellt to llke ally applicatiolls. Fundraising activities income is higher than last year due to the success of our annual show and ladies, lunch. Negotiations continue on the lease contract and, until resolved. the accouDts do not reflect any rental costs. Objectii'es 2nd actiiities of the club ARGO BoxiD8 Club was founded ID 1973 by and is a well-established, voluntarily ran, ajnateur boxing cliib. The principal Pillyose is the provision of quality boxing and exercise training to boys and girls and adults within the local coll]mullity. The club has beell an illtegral part of the Drumchapel Collllllunity foi over forty years and has all 'opell door, policy whereby new participants are welcome at any time. ARGO is an Affdiated Club of Boxing Scotland Ltd, which operates a quality development progTan]me desi8Ded to be adopted and impletnented by boxing clubs. The club has seven registered coaches, all of whom have Boxillg Scotland Level I coacbillg qualificatiolls, alld two have Boxing Scotlalld level 2 coaclllng qualificatiolls. Our programme provides a nationally recognised standard thal enables clubs to develop safe environments and to encourage lrfelong participation through sustainable boxing development pathways and clubs. ARGO is Proud to have reached Boxing Scotland 'Silver' level, due to having better facilities in out new gy.
ARGO play an active part in the community and in Drumchapel Sports Hub. We have played an integral part in the Drumwealth Games which supports local school pupils participating in a wide range of sports. Furthermore, we have community groups using our gym during the day, when the boxing club are not using the facility. Men Matter Scotland run boxing training sessions on a Friday afternoon, and we are in discussion with North West Recovery to deliver training sessions to people in recovery from substance misuse, and Enable Fortune Works for one of our volunteers to deliver boxing sessions to adults with learning disabilities.
ARGO Boxing Club is committed to making a positive impact to the lives of the people within our community. Our aim is to motivate young people and to engage them in an activity which will provide discipline and motivation whilst keeping them off the streets. We also strive for boxing excellence and continue to develop the skills and techniques of our boxers. We operate boxing sessions for 9-12 year olds and 13+ and offer keep fit sessions for adults. Our gym is open five nights a week and membership is growing in every category.
The work of ARGO provides demonstrable tangible benefits, and our aim is to continue to build on the positive influence our club has on the community. We consistently turn out fantastic young boxers with our transition season from temporary gym to our new gym producing one Novice Champion. Now that we are settled in our new gym we expect more boxing achievements in the coming seasons.
Respective Responsibilities
The club acknowledges its responsibility for the financial statements prepared for the year ended 31[st] March 2025 and has made available all books and records relating to its activities.
The club is responsible for keeping proper accounting records that disclose reasonable accuracy at any time the financial position of the club. The club is also responsible for safeguarding the assets and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approval of the financial statements
I approve the financial statements for the year ended 31[st] March 2025. I confirm that I have made available all relevant accounting records and information for their preparation.
On behalf of ARGO Boxing Club
…………………………… (Treasurer)
……………………….. Date
2
ARGO Boxing Club Income and Expenditure for the Year Ended 31st March 2025
| Incoming Resources Membership income Grants and charitable donations Fundraising activities Other income Resources Expended Rents Fundraising costs Club development Running costs Repairs & maintenance Equipment Net movement in funds Opening fund balances Closing fund balances |
2025 Unrestricted Funds £ 15,832 - 7,752 - 23,584 - 1,811 - 5,851 3,960 3,757 15,379 8,205 9,852 18,057 |
2024 Unrestricted Funds £ 12,882 17,575 6,739 - |
|---|---|---|
| 37,196 1,086 383 24,679 3,044 - 8,833 |
||
| 38,025 | ||
| (829) 10,681 |
||
| 9,852 |
All activities at 2025 are continuing.
3
ARGO Boxing Club Balance Sheet as at 31[st] March 2025
| Unrestricted | |
|---|---|
| Funds | |
| £ |
|
| Cash at bank / Net Assets | 18,057 |
| Represented by: | |
| Capital at 1.4.24 | 9,852 |
| Surplus | 8,205 |
| Capital at 31.3.25 | 18,057 |
The financial statements were approved and authorised for issue by ARGO Boxing Club and signed on their behalf by:
Date: 7[th] May 2025
These unaudited financial statements have been subjected to independent examination.
4
Independent Examiner’s Report to the Trustees of The Argo Boxing Club
I report on the accounts of the Argo Boxing Club for the year ended 31[st] March 2025.
Respective responsibilities of trustees and examiner
The trustees are responsible for the preparation of the accounts in accordance with the applicable law and the club's governing document.
I have carried out an independent examination of the accounts in accordance with section 44(1)(c) of the Charities and Trustee Investment (Scotland) Act 2005 and Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. An independent examination includes a review of the accounting records kept by the club 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 the trustees concerning such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out below.
Independent Examiner’s Statement
In the course of my examination, no matter has come to my attention:
-
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 Charities and Trustee Investment (Scotland) Act 2005, and
-
to prepare accounts which accord with the accounting records and comply with the accounting requirements of that legislation
have not been met;
or
- to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.