TWO KINGS BOXING CLUB C.I.C.

Company limited by guarantee

Company Registration Number:
13976273 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 1 April 2023

End date: 31 March 2024

TWO KINGS BOXING CLUB C.I.C.

Contents of the Financial Statements

for the Period Ended 31 March 2024

Directors report
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

TWO KINGS BOXING CLUB C.I.C.

Directors' report period ended 31 March 2024

The directors present their report with the financial statements of the company for the period ended 31 March 2024

Directors

The director shown below has held office during the whole of the period from
1 April 2023 to 31 March 2024

Ben Thomas Young


The director shown below has held office during the period of
1 April 2023 to 22 February 2024

Barbara Mary Gorrie


The directors shown below have held office during the period of
22 February 2024 to 31 March 2024

Nicholas John Pegler
Mambaana Luzolo


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
30 November 2024

And signed on behalf of the board by:
Name: Nicholas John Pegler
Status: Director

TWO KINGS BOXING CLUB C.I.C.

Balance sheet

As at 31 March 2024

Notes 2024 13 months to 31 March 2023


£

£
Fixed assets
Tangible assets: 3 261,277 214,875
Total fixed assets: 261,277 214,875
Current assets
Cash at bank and in hand: 3,278 243
Total current assets: 3,278 243
Creditors: amounts falling due within one year: 4 ( 992 ) ( 804 )
Net current assets (liabilities): 2,286 (561)
Total assets less current liabilities: 263,563 214,314
Total net assets (liabilities): 263,563 214,314
Members' funds
Profit and loss account: 263,563 214,314
Total members' funds: 263,563 214,314

The notes form part of these financial statements

TWO KINGS BOXING CLUB C.I.C.

Balance sheet statements

For the year ending 31 March 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 30 November 2024
and signed on behalf of the board by:

Name: Nicholas John Pegler
Status: Director

The notes form part of these financial statements

TWO KINGS BOXING CLUB C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

TWO KINGS BOXING CLUB C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees

    2024 13 months to 31 March 2023
    Average number of employees during the period 3 3

TWO KINGS BOXING CLUB C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2023 214,875 0 214,875
Additions 40,370 8,043 48,413
Disposals
Revaluations
Transfers
At 31 March 2024 255,245 8,043 263,288
Depreciation
At 1 April 2023 0 0
Charge for year 2,011 2,011
On disposals
Other adjustments
At 31 March 2024 2,011 2,011
Net book value
At 31 March 2024 255,245 6,032 261,277
At 31 March 2023 214,875 0 214,875

TWO KINGS BOXING CLUB C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Creditors: amounts falling due within one year note

2024 13 months to 31 March 2023
£ £
Taxation and social security 667
Other creditors 325 804
Total 992 804

COMMUNITY INTEREST ANNUAL REPORT

TWO KINGS BOXING CLUB C.I.C.

Company Number: 13976273 (England and Wales)

Year Ending: 31 March 2024

Company activities and impact

The company continues to serve two main purposes, the first is for the children and teenagers in the local community and the second is to counteract the anti-social behaviour which has been prevalent in recent years. The club also continues to give support and training to adults who are experiencing mental health problems. All club fees for training are set so local children and adults are able to afford them. The club was formed from two derelict changing rooms within the Recreation Ground. The Ground itself continues to be under the care of the Friends of the Recreation Ground. This resulted in restored tennis courts, new children’s play area, a running track and an outdoor gym for the adults. The benefits from these have been seen by the number of children and adults undertaking the training at the Club and to the number of local residents using the other facilities. Local residents have continued to confirm that the Recreation Ground is now being used far more often and the fact that the Boxing Gym is in constant use and well maintained (having previously been two derelict buildings which were targeted by local children and anti-social behaviour including drug taking) it is a much safer environment. The club has continued to develop and In August 2024 the club passed its inspection and became a fully affiliated member of England Boxing having put in place all the relevant legal requirements.

Consultation with stakeholders

The stakeholders are local people, adults and children. Apart from the daily activities on the site a variety of events have been held, these include open fun days which have been attended by the Mayor of Kingston-upon-Thames, a family park run, boxing/fitness demonstrations by the Boxing Club also open training sessions for the local residents. We continue to listen to the voice of the local community and value their continued support. We hope to add more fitness programmes in the future, these would include gentle exercise for the elderly as it is known that exercise is of great benefit, not only from the physical side but also the mental side.

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
30 November 2024

And signed on behalf of the board by:
Name: Nicholas Pegler
Status: Director