DE HOOD BOXING CENTRE & COMMUNITY HUB CIO
The charity provides boxing, gym and recreational fitness facilities for the benefit of the public along with organised fitness and boxing classes for children, adults and families. The charity operates a peer support recovery group, a cafe with communal breakfasts and provides services such as drop-in, a benefits advice service, volunteering opportunities and is registered with England Boxing.
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves stood at £20,829, which the trustees consider to be within their stated policy target of three to six months' expenditure. The charity reported a net income surplus of £18,929 for the year, having increased its unrestricted funds from £1,900 to £20,829.
What the accounts disclose
“It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six months expenditure.” — page 4
Trustees
- James Green
- Nicola Jan Cole
- Sajid Iqval
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £56k | £37k |
| 31/12/2023 | £48k | £52k |
| 31/12/2022 | £31k | £56k |
| 31/12/2021 | £82k | £70k |
| 31/12/2020 | £53k | £37k |
Common questions
Is DE HOOD BOXING CENTRE & COMMUNITY HUB CIO financially healthy?
Per its FY2024 accounts: The accounts state that unrestricted reserves stood at £20,829, which the trustees consider to be within their stated policy target of three to six months' expenditure. The charity reported a net income surplus of £18,929 for the year, having increased its unrestricted funds from £1,900 to £20,829. Its FY2024 accounts were independently examined.