Registered number: 12050883 | ||||||||
Charity number: 0000000 | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 30/06/2023 | ||||||||
Prepared By: | ||||||||
Kojo & Co | ||||||||
Certified Accountants | ||||||||
118-120 | ||||||||
London Road | ||||||||
Mitcham | ||||||||
Surrey | ||||||||
CR4 3LB |
Sobers Boxing Clinic Limited | ||||||||
FINANCIAL STATEMENTS | ||||||||
FOR THE YEAR ENDED 30/06/2023 | ||||||||
TRUSTEES | ||||||||
REGISTERED OFFICE | ||||||||
COMPANY NUMBER | ||||||||
CHARITY NUMBER | ||||||||
0000000 | ||||||||
ACCOUNTANTS | ||||||||
Kojo & Co | ||||||||
Certified Accountants | ||||||||
118-120 | ||||||||
London Road | ||||||||
Mitcham | ||||||||
Surrey | ||||||||
CR4 3LB |
Sobers Boxing Clinic Limited | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 30/06/2023 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Report of the Trustees | 3 | |||||||
Statement of Financial Activities | 4 | |||||||
Balance Sheet | 5 | |||||||
Notes to the Accounts | 6 to 11 | |||||||
Detailed Statement of Financial Activities | 10 | |||||||
Sobers Boxing Clinic Limited | ||||||||
TRUSTEES' REPORT | ||||||||
FOR THE YEAR ENDED 30/06/2023 | ||||||||
The trustees present their report and accounts for the year ended | ||||||||
PRINCIPAL ACTIVITIES | ||||||||
The principal activity of the charity in the year under review was | ||||||||
STRUCTURE GOVERNANCE AND MANAGEMENT | ||||||||
structure and governance text goes here | ||||||||
The report was prepared in accordance with the special provisions within Part 15 of the Companies Act 2006. | ||||||||
This report was approved by the Board of Trustees on | ||||||||
Shane Umatali Sobers | ||||||||
Trustee |
Sobers Boxing Clinic Limited | ||||||||
Statement of Financial Activities | ||||||||||
for the year ended30/06/2023 | ||||||||||
2023 | 2022 | |||||||||
Unrestricted funds | Restricted funds | Total | Total | |||||||
£ | £ | £ | £ | |||||||
Income | ||||||||||
Income from generated funds | ||||||||||
Income from Investments | - | - | - | 1,000 | ||||||
Income from charitable activities | 101,140 | - | 101,140 | 96,811 | ||||||
Total Income and endowments | 101,140 | - | 101,140 | 97,811 | ||||||
Expenses | ||||||||||
Costs of generating funds | ||||||||||
Expenditure on Raised funds | 9,270 | - | 9,270 | 900 | ||||||
Expenditure on Charitable activities | 105,645 | - | 105,645 | 90,315 | ||||||
Total Expenses | 114,915 | - | 114,915 | 91,215 | ||||||
Net gains on investments | ||||||||||
Net Income | (13,775) | - | (13,775) | 6,596 | ||||||
Gains/(losses) on revaluation of fixed assests | ||||||||||
Net movement in funds: | ||||||||||
Net income for the year | (13,775) | - | (13,775) | 6,596 | ||||||
Total funds brought forward | (13,689) | - | (13,689) | (20,285) | ||||||
Net funds carried forward | (27,464) | - | (27,464) | (13,689) | ||||||
This statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities |
Sobers Boxing Clinic Limited | ||||||||
BALANCE SHEET AT 30/06/2023 | ||||||||||
2023 | 2022 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 4 | - | 1,650 | |||||||
CURRENT ASSETS | ||||||||||
Debtors (amounts falling due within one year) | 5 | 12,321 | 23,495 | |||||||
Cash at bank and in hand | 24 | 3 | ||||||||
12,345 | 23,498 | |||||||||
CREDITORS: Amounts falling due within one year | 6 | 11,957 | 9,825 | |||||||
NET CURRENT ASSETS | 388 | 13,673 | ||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | 388 | 15,323 | ||||||||
CREDITORS: Amounts falling due after more than one year | 7 | 27,852 | 29,012 | |||||||
NET LIABILITIES | (27,464) | (13,689) | ||||||||
CAPITAL AND RESERVES | ||||||||||
Unrestricted funds | 9 | |||||||||
General fund | (27,464) | (13,689) | ||||||||
(27,464) | (13,689) | |||||||||
Approved by the board of trustees on | ||||||||||
............................. | ||||||||||
Trustee | ||||||||||
Sobers Boxing Clinic Limited | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 30/06/2023 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities. |
1b. Incoming Resources | ||||||||
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. |
1c. Resources Expended | ||||||||
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. |
1d. Allocation And Apportionment Of Costs | ||||||||
All costs relate to the single activity of the charitable company and are recognised accordingly. |
1e. 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 particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. | ||||||||
Designated funds are funds set aside by the trustees out of unrestricted general funds for the specific future purposes or projects. |
1f. Depreciation | ||||||||
Equipment | straight line 25% |
Sobers Boxing Clinic Limited | ||||||||
1g. Turnover | ||||||||
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts. |
2. DIRECTORS AND EMPLOYEES | ||||||
Particulars of employees (including directors) are shown below: | ||||||
Employee costs during the year amounted to: | 2023 | 2022 | ||||
£ | £ | |||||
Wages and salaries | ||||||
42,720 | 57,720 | |||||
The average weekly numbers of employees during the year were as follows: | ||||||
2023 | 2022 | |||||
No. | No. | |||||
Management and administration | 5 | 5 | ||||
5 | 5 | |||||
3. EMPLOYEES | ||||||
2023 | 2022 | |||||
No. | No. | |||||
Average number of employees | 5 | |||||
4. TANGIBLE FIXED ASSETS | ||||
Equipment | Total | |||
£ | £ | |||
Cost | ||||
At 01/07/2022 | 6,600 | 6,600 | ||
At 30/06/2023 | 6,600 | 6,600 | ||
Depreciation | ||||
At 01/07/2022 | 4,950 | 4,950 | ||
For the year | 1,650 | 1,650 | ||
At 30/06/2023 | 6,600 | 6,600 | ||
Net Book Amounts | ||||
At 30/06/2023 | - | |||
At 30/06/2022 | 1,650 | |||
Sobers Boxing Clinic Limited | ||||||||
5. DEBTORS | 2023 | 2022 | ||||||
£ | £ | |||||||
Amounts falling due within one year: | ||||||||
Other debtors | 12,321 | 23,495 | ||||||
12,321 | 23,495 | |||||||
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
Bank loans and overdrafts | ||||||||
Taxation and social security | 6,508 | 3,986 | ||||||
Other creditors | 5,449 | 5,830 | ||||||
11,957 | 9,825 | |||||||
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
Bank loans and overdrafts | 27,852 | 29,012 | ||||||
27,852 | 29,012 | |||||||
8. LIMITED BY GUARANTEE | ||||||||
The company is limited by guarantee and does not have a share capital. Each member gives a guarantee to contribute a sum not exceeding £1, to the company should it be wound up. At 30/06/2023 there were 3 members. | ||||||||
Sobers Boxing Clinic Limited | ||||||||
9. UNRESTRICTED FUNDS | ||||||||||
Brought forward | Incoming resources | Outgoing resources | Transfers | Carried forward | ||||||
£ | £ | £ | £ | £ | ||||||
General fund | (13,689) | 101,141 | (114,916) | - | (27,464) | |||||
(13,689) | 101,141 | (114,916) | - | (27,464) | ||||||
10. RESTRICTED FUNDS | ||||||||||
Brought forward | Incoming resources | Outgoing resources | Transfers | Carried forward | ||||||
£ | £ | £ | £ | £ | ||||||
Sobers Boxing Clinic Limited | ||||||||
Incoming Resources | ||||||||||
for the year ended30/06/2023 | ||||||||||
2023 | 2022 | |||||||||
£ | £ | |||||||||
Incoming resources | ||||||||||
Incoming resources from generated funds | ||||||||||
Bank interest receivable | ||||||||||
Grants receivable | - | 1,000 | ||||||||
- | 1,000 | |||||||||
- | 1,000 | |||||||||
Invcome from users | ||||||||||
Other trading income | 101,140 | 96,811 | ||||||||
101,140 | 96,811 | |||||||||
101,140 | 96,811 | |||||||||
101,140 | 97,811 | |||||||||
Sobers Boxing Clinic Limited | ||||||||
Expenses | ||||||||
for the year ended30/06/2023 | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
Expenses | ||||||||
Costs of generating funds | ||||||||
Costs Of Generating Voluntary Income | ||||||||
Purchases | 9,270 | 900 | ||||||
9,270 | 900 | |||||||
9,270 | 900 | |||||||
Charitable Activities | ||||||||
Advertising and sales promotion | 5,065 | 1,727 | ||||||
Heat and light | 272 | 243 | ||||||
Rent | 27,517 | 19,836 | ||||||
Repairs and renewals | 15,020 | 1,884 | ||||||
General wages | 42,720 | 57,720 | ||||||
Training | 1,260 | 1,200 | ||||||
Travelling expenses | 3,391 | 2,694 | ||||||
Professional fees | 1,150 | 700 | ||||||
Insurance | 990 | 747 | ||||||
Stationery & office supplies | 155 | 60 | ||||||
Telephone | 1,800 | 50 | ||||||
Licences | 550 | 275 | ||||||
Bank charges | 580 | 979 | ||||||
Bank interest | 523 | 550 | ||||||
Depreciation of equipment | 1,650 | 1,650 | ||||||
102,643 | 90,315 | |||||||
Governance Costs | ||||||||
Coaching fees | 3,002 | - | ||||||
3,002 | - | |||||||
114,915 | 91,215 | |||||||