The trustees who are also directors of the charity for the purposes of the Companies Act 2006 present their report and financial statements for the year ended 31 October 2025.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006 and "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)".
The aims of the charity are to help and educate young people resident in Hackney to benefit through their leisure time activities so to develop their physical, mental and spiritual capacities that they may grow to full maturity as individuals and members of society and that their conditions of life may be improved.
The trustees have paid due regard to guidance issued by the Charity Commission on public benefit in deciding what activities the charity should undertake.
A successful year insofar as we were able to increase the evenings we are opened to 3 evenings a week from 2 with the total membership of around the 90 mark. The Lion Boxing Academy boxers were successful with some members reaching a high standard in both London and England Championships, one young lady winning the England Box Championship at her weight.
The boxing classes continue to be split into “Infants” up to 10 years (non-contact), Junior classes and senior classes. The coaches take the boxers to other clubs on evenings we don’t open for sparring with the other club’s boxers and continue to take those to London, National and International championships as required. New equipment has been purchased.
We continue to retain the name of the “Lion Club for Young People” and have entered a partnership with KO Boxing Academy whose support is welcomed. We have also formed an association with Empire Fighting Chance, Bristol and we are planning to adopt their physiological proven systems of embracing more people with problems by involving schools and other clubs, initially in non-contact boxing exercises, with some lessons being available free and either at the school or our club. We have taken on 2 new coaches to deal with this and to be a mentor to the boxers. It is hoped this will encourage more young people to stay off the streets and away from drugs and knife crime. It will be open to all young people including those with disabilities and other problems.
The website is updated regularly and continues to attract interest.
We had a profitable dinner boxing show in November 24 in a hotel and two further shows in our gym and hope to have another dinner boxing show in a central London venue in the next year..
Due to mechanical breakdowns our repairs have been costly and following a leak in one of the flats above we lost a considerable sum in income which we are in the process of trying to recover. Like most clubs, grants are difficult to get but we continue to apply, although Hackney no longer give grants as they used to. We have obtained sponsors for the shows and equipment and always looking for more.
At the end of the year the charity had net unrestricted funds of £451,181 (2024: £473,986). Bank balances were £4,796 (2024: £16,650).
The trustees maintain such reserves as they consider adequate for the immediate requirements of the charity. The free reserves of the charity amounted to £1,796 (2024: £13,710) which the trustees consider sufficient to fund the continued operation of the charity for the immediate future.
The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
The charity is a company limited by guarantee and is governed by its Memorandum and Articles of Association date 10 October 2014.
New trustees are nominated by existing board members and are elected on the basis that they have the necessary skills to contribute to the further development of the charity.
The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:
None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
The trustees' report was approved by the Board of Trustees.
The trustees, who are also the directors of The Lion Club for Young People (Two) for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company Law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.
In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Donations and membership fees
Youth Support
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The Lion Club for Young People (Two) is a private company limited by guarantee incorporated in England & Wales. The registered office is 82 St John Street London EC1M 4JN.
The accounts have been prepared in accordance with the charity's memorandum and articles of association, the Companies Act 2006 and “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). The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
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 costs 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 are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:
Under an agreement concluded by the previous unincorporated trust, the company is entitled to income from developers of the long leasehold property disposed of by the prior trust. Such income is recognised on receipt.
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
Cash and cash equivalents include cash in hand and deposits held at call with bank.
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets, which include cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities, including creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
Donations and membership fees
Youth Support
Youth Support
Members activities
Travel expenses
Insurance
Website costs
Bank charges
Maintenance
Boxing expenses
Telephone
Light and heat
Rates and water
Service charges
Cleaning expenses
To help and educate young people resident in Hackney to benefit through their leisure time activities so to develop their physical, mental and spiritual capacities that they may grow to full maturity as individuals and members of society and that their conditions of life may be improved.
Accountancy costs
Based on proportion of time spent on each charitable activity.
The Charity did not pay remuneration to any Trustee or key management personnel or reimburse expenses during the year £Nil (2024: £Nil).
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
There were no disclosable related party transactions during the two years ended 31 October 2025.