RF.C:ISTERF-D COIIPANI, SLI%IBER: 03317414 (England #nd Il'alesl REGISTERED CHARITI. I%LI.NIBF.R: 10611$85 Report of the Truslees and Ln¥udittd Financial S¢xlemenls (or ihe Year Ended 31 December 2024 for BBB()fC" Capshire IUKI LLP Chart¢red Accounlanls 8(y-90 Paul Street London ECtiA 4NE
BBBOfC Contents nf the Financial Statements fi)r the l'ear Tr'nded .1 l December 2024 Page Report of the Trustee5 Indvpendenl F.xaminer's Report latemenl nf Tr-inancial Actii'itic'& B4l#nce 6>heel les lo ihe F inaneial Si#lvmc'nl
B B B Of C (Registered number: 03317414) Repnrt of ihe Trustees for the Year F.Dded.11 Decemher 2024 Thc trustees ii'ho arc also diri'clors of th¢ charity for the purpn8cs of the Companies Act 2on6. prcscnt their report Trth th¢ financial staten)Lllts of ilic cliarity f()r il)L )'car endcd 31 DecenibLr 2024_ The irustccs haic adopti'd the proi'isiaiis of Accounting and Reporting b). Charities.. Sialcmeni of Recommend¢d Praclice applicable to charities prlparingi ilicir accounis iii accordai)cc '1[h the Ftnancial Reporting Standard applicablc in ihc UK and Republic of Ireland l FRS 102 I (cftcctivc I January 20191. OBJECTIN'F.S Af*D ACTII'ITIE Objectii'e5 and airns TIIL principl¥ objcits of the charit), arc to.. il providi rclicf 10 distrLssed pcrsons aciivcly engagLd or who havc bccn aiiively ¢ngagcd in th¢ sport of Profcssional Boxing and their defendants- li I promote rLSLarcl) inio Ihc incidence. preiweiition. cauqcs Jnd trcatmcnt ()f brain and.'or ph}'.qical damage to persons actiK'cly cngagcd or .110 hclVL bcLn aciii'ily Lnb?agLd ii) tlic %port of Prafeqqianal Boxing b), the pr<)vision ol- CT I1nd,or MRI brain scans or oiherw'ise. Tnjstecs confirm tliilt they arc awar¥ of the Charity Cominis8ion's public bLncfii guidance and havc gren due regard to thcse when cxcrcising pow'¥rq or diities to ivhicli thi giiidancL is relLvanl. ThL n)4iin aciii'iiics und¥rl4lken it) rclation io ihL principle objecls of thc chli rily are lo proi'idc financial assistance to eligibl. ii)dividuals And thLir fainiliLS and lo r¢¢civc iiiLoine froni ongoiiig doi)alions ai)d falls .]lI]in thty r¢mit of providing a public bcncfil. TIIL ditTLfL'ncc Ihc charity makes ihL bcneliciaries iq ol'erall is ihal it assess the financial circumstances of boxers who have lallLn on hard iimLS. Achievement and Performance InLuniL" duriiig ¢hL year gLnLratLd from BuxLrs' finL's aiid voluntary donations. Roxers who had LXPLrienLcd finanLial hardsl)ip or SLVLrL injiiry bincfilL'd frum findnLial assistanc¢ during the ycar. Financi21 Reviem. F.XPLiiditurL duriiig yLar was £21.452 whLrLas incomL was £29,595 resulting in a net incomi of £8.143. ThL" IruslLLs policy 15 lu mainiain res1'rv¥s at a l¢vel to proviiJL surriLiint in¢oinc lo mcct tIiL fLliLI- paymLnls lo buxLrs. The Irusle¢s consid¥r thc l¥vcl of rL5LrvLs at IhL yLar Lnd £114.157 adL'qUiile fur this poliLy. STRUCTURE, COI'ERNAJCE .4ND TrIAI%AGEMEJT CttOI'ern1n document Thl ionip'iiiy is limi(Ld by guaraniLL and govLrnL.d b). IhL LonlLnts of the MLmtsrandum and ArtlLles of AssoLidtiun thL'reol. ThL Charits. is adniiiiiy(LrLd by thL IruslLLS wlio must bu nv Iiss than ihrec in numbir. unliss otliLrwisL dLILmiinLd by ordii)ary rLsolulion. TrustLL5 arL appointid by thL IllLnibLrs. Day lo day adminis¢f(Ition ib ¢arriod out ihrou¥h iht. offiLes of ihL British Boxii)g Board of Control Limiied under the adniini5tration ol R M, Smith ihL' seLfLtary of both IliL cumpaniLS. RF.FF.RF.NCF. AND 2lDIqINISTR.ATIVF. DF.TAII.S Registered Companv number 0.3317414 {F.nbFlaiid and Walcsl Registered Chxril)" number 1068585 Pagc I
RECEIVED 19 SEP 2L.':
B 1111 nf {.' {ReEi¥tered number". 03317414)
K¢port of the 'l'ru5tee
for the Year &'Dd¢d 31 Ikrember 2024
Regi¥t¢red otrice
I l Si. Ai)dr¢H L rLKLnl
Lardill-
L l.'11131)11
ru%tet%
MrL J (iilL
Mr J .1 I IuttdL.laar
Mr11 I'iivcli
Mr J W. W'illidms1)11 IMIII..
Mr (T W'illidm4iin
C Iimp#ny %eere¢4rn'
Indi'pendent Tr'xaminer
L'ap%l)irL (I IKI I.I.I>
L'liiifiLfLd ALL()Illltdiil
I,:L?A 4NI.'
I'A'I'&: MTr:N'I- C)Tr- 'I'RI'..%'I'fr:fr'Sp' Rb:pP()N%lHII.I'I'ITr-¢•
I'hL Iru%lLx'4 Iwh(l
Independent Examiner's Rep(brt to the Trustees of BBBOfC Independent ei8miner's report lo the trustees of B B B nf C ('Ihe C()mpani ) I repon lo (he charity Irustees on my cxaminalion of (lic aceouiit% of tlie Company for the ycar ei)dcd .3 l Dccembcr 2n24. Responsibilitie5 and basis of report As Il)L Lliarity'.% trustees (Il. tlic Coinpany land also lis director.s tor the purposes of company lam,) you arc respon.qible for the preparation of Ihc accoun1.8 in aeci)rdance w'ith tl)e requir¢niciils ol-the C'onipanicq Acl ?00() I'ihc 2006 Acl'l. Having sati.qfied mysL'lf that th¢ accouiits ()t Ilic Company are not rcquircd i() be auditcd undcr Pari 16 of the ?006 Act and arL eli&Jiblc for indcpLndeni e.Yamination. I rcport ii) rcspect (Il. my examination of your cl)arity s accounl.q aq carried i)ut ui)dcr SL'cti()11 14£ of thc CliariliLq ALI 20111'il)c 201 l Act'l. Ii) carryiiik> ()ui my cxaniinalion I have follc)wcd th¢ Dir¢ction8 bljl'Ln b). tlic C'hariiy C"aininission undLr SLClioi) 145151 Ibl ol. Ilic 201 I ALI. IndL'PL'ndi'nt eyaininer's 51atenii'nt I hai'e coinplL(Ld Iny Lxamination. I ci)nfirin Ihal no niatllrs have comL' to niy aiicniion in conncction with Ihc Lxainii)ati(In ji'ing ML LausL' tn belicvc.. aLLI)unlingJ records wcre n()1 k'epi in rL4PL'cI ()I' Ilic ( oinpany as requirL'd by Scclioi) 3116 of the 21)0() ALI: ()r Ilie accounts dn Iinl accord with ilioqc rLcord%: Dr Illi acci)Linlq di) i)()t coinply will) tIIc (?CLI)Iiiiiiiib) fLqiiifLinLnl% ol. Slclion 196 01. thL' 2noc? Act oilicr Ih¢ln any rLqLiiremLllt ih<ii Il)¢ accaiii)Is b?ive a IrLIL iql)d Ill ir ¥'iLW wliicli is not lliilttLr eoiisidcrcd as pari ol. an indLpLndLnt cx.Iini11411ii)n: or ?IL()Iini4 hi£VL' not bLLli prL'piircd ii) ¢lCCL)rdil1)C¥ willi ihe InLihnds and principlLg ol. IliL' StlLtcniLnt or RLL()n)mL'ndcd Praclicc lor alcoiiiiliiib) 1111d rLPI)riiiis bv chL2 ritiL's lappliL1i blL to cl)ariliLs pripariiig Ilicir acc()uiiis iii a¥iL)rd11 IILC with Ihc Fii)IinLial Rcp(Trr(in&p Siaiidiird <ippIiLablc iii Ilie UK lind RepiihliL (Il. IrLl¢ll)d l FR$ 10211. Ii<iVL Lnl)CLn)4 aiid hilVL come 4lLros.¥ 11(} (Itlicr n12L (Il in Loni)LCllI)n with ihL ¢'Xciininl¢ lion lo w'hicl) tiention sh(Truld hL dr£iWlI in Il)is rLporl in ordLr lo iiiabli a pr(IpLr uiidifslclll(liiigF u1- IliL ilLiuiiiils lo bL fLaLIILd. NciL)r CIIoLidliclry TIIL 11isliluti ol'C"I)41rtLrLd ALLounlanis in F.i)gTl£ind dnd WalLS C;IpSliirL IUKI LLP C'liiirtLfLd Aciounl¢inls 86 (10 Paiil SirLLI Luiidun EC?A4NF. Pagc 3
BBBnfC Stytemenl of fr"inanci91 Aclii'ities fi)r the Year F.n(leil .1 I I)eLember 2024 2024 Ullrestriclod fund 202.1 I'otal tui)d.s Nutes INC."ONIF. AD ENDI)WMENTS FRO1 Doiiatiolls <ind lebFaiie% 9.850 Other tradiiig acii&ilies Ini'e%lnieni incon]¢ 18,409 1,.1.16 75.-lQ7 545 Total 29.595 75.X52 Tr:XI)Tr:NDITLTR Tr. ON Oihcr 14,534 Nb:'I' INC()MF= 8.143 01,318 RF.CC)NC"II.I,ITION' ()F" b UN'DS "l ulal luiid% broughi lorw'drd 106,014 44,696 T()TAI. Tr"UNDS CARRIF.D b"ORII'ARD 14.1.$7 IUf).U14 ThL notcs form part of tl)cse financial slaicniei)ts
B B B Ofc (Registered number: 0_1_117414) Bdldnce (iheet -1 l DeLvml)er 2024 2024 Unrestricted fund Total (:LRRF.NT A.SSF.TS l)ebic)r% C'a%h ai bank 1.088 1.278 10().236 115,657 107.514 C.RF.DIT()RS Amount.% falling due 'ithin one year 11.500> 11.5001 I%F.T C.L,RRF.NT ASSF.TS 106.014 T()I',11. A.SSF.TS I.F.SS CURRTr:NT I.IABII.I'I'IES 114,1$7 106.014 NTr.I" A%STr:TS 114.1$7 106.014 FLlf*DS IlnristriLILd fund% 114.157 106,014 I'()I'AI. FUN'DS 114.1$7 106,014 l-hL Lharitabli company is Lntiilld lo LxLmplii)n frc)m audit undcr SLLliun 477 of thc Companics ALI 2006 fur the yciir cndLd 311)LLLmb¥r 2024. ThL mLinbLrs havL not r¥quir¥d IhL ioinpany to ubtain dll ¢iudil of its finaniidl stalLmLnlb for IhL yLar cndLd 31 DLccinbLr 2024 in ac¢vrdancL with SILtiL)n 476 01. Ihc CompaniLS ALI 2006. ThL Iru%lcL.% aLknuwlLdgL thLir r¥%ponsibilitiLs lor lal L'nsuringT that ihl chJrilablL Lompany kL¥PS accountingi rLcvrd% that Lviiiply 'Ith ScLliun% 3116 and 387 of thc C'ompJniLS ALI ?OU() and prlpariny finanLial %tatLmcnt4 'hICh gil'o a trui and tair i'iiH' of the slatc of affairs of thL charilJblL LompJny a% at thc Lnd ut. each tinancial yLar and of lis surplu% c)r d¥liLiI lor Lach linancial yLar in acLordJnLI W'ith Il)c rLquircincnt vf Slclions 31)4 and 395 dnd which oiherwi%c comply with the r¢quirLmLnls of the Lumpanic% Act 2U06 r¥lating to financial slalcmcnts. so far as applicablc to th¢ ¢haritabl¥ company. Ibl Thc notcs forni part of thc5e financial stalcnicnls Pag7c 5 continucd...
RFfFIVFD 19 SEP 202£ 11 ()f I: (Regi%tered number: 113317414) Il#l#nee Sheet- c¢)ntinued 31 1)ecember 21124 'I'hLSL linanLiul st4tLmcni% hdvL IK'cn prcparLd iii ¢lLL(IrddnLL willi IhL pri)vi%i()n% uppliLablL' II) LharitdblL LI)MpIL %uhjLLI li) Ihc %liiiill L(IiiipuniL's rLgimL. 'I'hL lincillLi?I l NliilLmLnl% WLTL iippr()vLd hy IhL 11(Trurd i)l-'I ru%lcL% and auihi7ri%Ld l()r i5SUL ()n aiid WLrL %igTriiid (Trn il% bLhcil I. hy.. Mr L. J liilLN I ru4lLL I'hL nc)IL4 liirni pdrt i)l-thLSL linanLial %ldl¢mLnl
BBBOfC 'oles to the FinunciJl Statements fnr the Year Ended .11 December 2024 ACCOUNTINC. P()I.ICJES Basis ()f preparin2 ihe financidl slalements -I'lie Iinai)cial .qiatLmci)t.% ot thL charitablc Lnn)paii)'. H'hicli is a public beiiclit ci)tity und¥r FRS 102. hav¢ bcen prLpari'd ii) aLcordaiici 'Ith IliL C'haritiL'% S()RP I FRS I n21 'Ac¢ouiiiiiig aiid Rcponing by Charitics.. Siaiimcni of RL'coinincnded Practice applieable to charilic.q prLpariiig? tlicir accounls in accordanLc '1th Illi FinanLial RLPOrtii)g' Standard applicabl¢ in IliL IJK ai)d RLpublic of Ircland l FRS 111? I leftcctivc l January 2n191'. F iiiancial RLPI)rting' Siaiidard l O? 'Tlii FiiianLial RL'p(?rtiii&F Siandard appliLablc lil tlIL UK aiid R¢publii of Ircland, and thc C'ompanies Act ?006. TIIL fiiiancial qlalLn)Liiis hai'L bLLii prLparcd undLr thc historical cost c(Triii'ciitiaii. Incuminki resourLes All ii)Ll)niingy rLsiiufcLS arc iiicluded in the stateni¥iil of finaiiLial acrii'iiics M'hcii eiititl¢mLni has pa%scd tn thc charity: it is probablL tlial thL LLon()niiL beiiLlils associated with th¢ trangacti()11 will tloii. 10 il)L Ll)aritv aiid the amount can bc reliably n)ea.%ured. Tlic following7 spccifiL pnli¢ic.s arc applied to particular catcgTories of incoinL'. i l inLC)n)L from dniiaiion.q or bTraiils is rLeobFniscd whcn tlicrc is eN'idci)¢e of cnliilen)ciit ta the gift, rcceipt is probablc and ils an)ouni cai) bL nicasurLd reliably. li I Ic&Facy inconic is rcLngnisLd when rcccipl is probablc aiid eniitlcmcnl iq cqlabli%l)cd. iiil ii)coniL from don¢ltid gFnod4 iq mcaqiirL'd at thL 12L ir V¢iliic of il)L bJoods uiilcss Ihiq 18 iniprLlCtical In niclqurc r¥li47hly. in ,]lIch Cli qL II)L valiiL 14 dLriv¥d Iroin tlie coql lo iliL dc)i)or nr Ilic csliniiilL'd rL81L Ic .1¢ IiiL, t)0111llLd IclLi liliL 211d s¢fvi¢Lq arL fL'L()gTiii%L.d iii il)L 1L LcnLllIts wl)Lii rLCLlI'Ld il. tl)L I'411iic can be rLli£ibly miasurcd.No anioiints incliidcd lor (he ci)ntribLltion ol. ginir(21 'IlIn[ers. il'l iiicomc Ironi coniracts lor tli¢ supply of qcrvicLS 18 fL'cngniscd with il)L' dLlivLry of tlic conlraclL'd servi¢L, This is clil4%1 IILd Linrcslriclld luiids iinlL4.q Il)LrL' 14 a L(Inlr¢iclii¢il rLqiiireinL'iiI for it to bL spent on a parliciil(Ir purpoqL and ri(uriiLd il. uii.%PLI)l. it) wliiLII LdS¥ Il niay bi rLgtrardLd ¢15 fLslri¥lid. Tr"xpL'nditur¢ ..¥PLlidilurL is fLLl>gkl)I%Ld ()11 Illl clLLfiiiil.s b<l.%1S ¢1 lilihilils 1% ii)LLirr¥d. F.XPinditurL IIILILidi.% aiiy V A T whiLh Lann(It bl lully rcii)VLfLd. and li Lla%111Ld uiidir IiLddiiiby% {)l- Il)L slalLniii)l ()l- lii)aiiLial aLLi¥'ilii% l(1 whiLh il rLlatLS.' i l LxpLiidilurL' uii raisiiig lundb iIILludLS thi ¢o¥t.s ol. dll lui)dr4liSlllgF aLlji'jljLs. L'V¥iits. non-LliarilablL Irciding a¢tivitiLs. and ihL ol- doiiatLd goods. li l L'xpcnditurl on LharitablL aLliviliLS in¥liidLb all Los15 illLurrLd by a iharily iii uiid¥r(aking aLiiviliLs tlial furtl)Lr its Ili:Iriiibli 41ims lur tl)L bLii¥fit ()I' ils biii¥liLl¢iriLs. inLliidingF ihosl SUPPOrt ¥USts and Losls rLliilin¥ to ihi ¥OVLnianLL ol- IhL Lhiirily dPPOrtiviiLd to ili¢iril%iblL aLliviliLS. iii l othLr LXPLndiiurL inLludLs all LXPLI)ditiirL' that is nLiilIL'r r¥latLd Iv raisin¥ fund.¥ for tIiL Lharily nor parl of its LxpLiidilurL on Lhiifiiiibli activitiLS. AII 10515 arL alloLl£ IL'd tu cxpL'ndilurL LalLg?ofiLS fLflLL(iiig thu U5L of IhL rL'souriL. nirLLI Lusts Ilttribut&iblL lo a sinbylL 41Llivily arL' dlloLatLd dirLitly lo Ih¢il aLlivi(y. Sharid ii)StS dfL dpporlivnLd bLIwLLn (hL a¢tiviliib IIILY LontribLIIL' (o oil d r¢asonablL'. jus1ifi£iblL' Lull%istLnl basis. I'Ax#tion ThL iharily is LXLlllPt from iorporiilion t¢lX un ils Lharitabli JLtiviiiLs. Tr-und accounting Unr15triilid funds Ldn bi USLd in aLLordanLL Wlth IhL ¢liaritdblL objLLtiv¢s at thi disLfL'iion of th¢ IruslLCS. RLslriLlcd tiiiids ian only bL I15Ld for Piirti¢ular rLslriLILd purpos¥s .1¢h]n IIIL ubjL¢ts of IhL Lharily. RLslriLtions dfisL whLn spc¢ifiLd by IhL dunur ur wli¢n tund5 drL raisLd for p'irliLulcir rLStrictLd piirpi)sLs. PagL 7 Continued..
BBBnfC )otes to the FinanLial StatemLbnls - continued f(Ir thi, l'ear F.nded .1 l DeLemher 2024 ACCOUI%TING POI.ICIF..S- continued Fvnd #ccounliiik, Furthcr cxplanaiion of Ihc nature and purposL' of cach tund is includcd in ihe nolcs to tl)e financial statcmci)ls. l.imited bi. gugranlee B B B ot. C is a compan). liniitLd by &Fuarai)IcL and accordiiigly docs not hav¢ a sl)arc capital. F.very' niLmber of Ihc company undL'rtakes lo coniribuiL such amouni as may bc rLquired noi cxcecding L l (I to the assLiS of tlic charilablL con)paiiy in IIIL cvcnl of il bcingi wound up ivhilc he or shc is a mLmbcr. or H'iihin onL ycar atlLr hc or she cca%c4 to be a mL'inb¢r. Ol'llb"R TRADINI: ACI'11'1'1'1Tr'. 2024 Finc Icvied Award dinner 1.1.014 7n.-190 4.917 111,409 INVTr.STNIF.NT INC'O,NIF. 2024 202.3 Dlposii account inlere%l 1,.1.16 545 TRIIS'I'Tr:F:l>' RTr"MIIN'F".RA'I'I()N AND B Tr.NF.Tr ITS Thcrc were no InJ%rees' remuneration or oihLr bei)efits for the year elided 31 December 2024 nor for the year ended 31 t)LLL'inbLr 202.1. Tru5tCC5' cxpenses Ther¢ were no .1 l December ?023. trus(ee%' expL'll%L% paid for ihe year ei)dLd 31 Delember 2024 nor for the year ended COMPARA'I'IN'F.S FOR I'IITr: STAI'LMF.NT OTr TrINANCIAL ACTII'I'I'ILS Unreslricied fund IN(.'OI¥IE AS'D LIN 'DOWIIF:NTS FROM Other IradingT actii'ities Ii)N'L'.%tment inconie 75,307 545 75,Ig52 EXPENDITURF. ON 14.534 Pagc 8 conlinuLd...
BBBllfC oles to the Financial Sigtemenls - continued for ihe )'ear F.nded .11 December 2024 COIIP,IRATII'ES FOR THE STATENIENT OF FII'ANCIAI. ACTIN'ITIES- conlinued Unr¢strict¢d fuiid i%Tr"T IYCONIF. 61.-11% RE('.ONC"ILIATION OF FI..D.$ Total funds brougjlil foThi'ard 44.696 TnTAI. FLINDS CARRITr.D FC)RII:ARt) 10(),014 DF.BT()RF*: AMOLNTS FALI.INC: DUE II'ITHIN C)NF_ I'LAR 2024 202.1 OihL'r dcbtors 1,088 1.278 C".RF.DIT()RS: AlOlT$ FAI.I.INI- DUF" II'II'HIN ONF. I'F"AR 2024 ?023 Accrued expLnses 1.500 IC)N'F.NqTr-I%T IN FU)DS Net moN'¢nieiil in fund Ai Jl.12.24 At 1.1.24 L nrestricted funds Cyeneral liind 106,014 8,14.1 114.157 TUTAI. FbNDS 106.014 8.143 14.1.$7 Net moi'ement in fund%. included in Ihe above are as follous: Incoming resource.s Re4ources expeiided Mol'emenl iii fund I,'nrc5tricted funds CiLiiLrdl luiid 29,595 121,452) ¥,143 TOTAL FU,NDS (21.442 8.143 Pagc 9 continued...
BBBnfC otes to the FinanciAI .%tatemenls - continued fnr Ihe l'ear F.nili'd .1 l Di'Lemhi'r 2024 MOI'EMEN'T FUNDS- continued Coniparatii'es f(br mavement in funds Nci movemeni iii funds Ai 1.1.23 31.12.?3 Unreslricte(I funds Cjciicral luiid 44.696 61,3111 106,Q14 TO'I'AI. b LNDS 44.1)9() 61.318 InC).Q14 Cnniparalive ncl movcmLnl in fuiids, includld it) Ihc abovc are as follnws.. Incomiiib, rcsourccs Rcsourccs CXPLndcd Moven)Lnl iii funds L nrestriited fund5 Ciciicral fund 114.S.141 TOI'AI. b'UNI)S 75.852 {14.5341 61,-1111 A currL'ni year 12 Inonths ai)d prinr ycar l ? Inniitlis ¢oinbiiicd pnsiiion is as fnllow8'. Ncl m()VLlliLI)I Al 31.1?.24 Ai 1.1.23 Llnri'5triLtI'd funds tienL'ral luiid 44.696 69,41)] 114.157 TOTAI. FUNDS 44.C)96 69,461 114,157 A LLirrLIII year 12 iiiontl).s aiid prior ycar 12 moi)Ihs conihincd nci mnN'eniei)i iii fiinds, includLd in Ihc ab()I'c arc as lollows.. Incoming rL5uufLLS Resource. Lxp¥iidLd Mov¢ni¢nt iii fundb Unrestricted funds GLnLral fuiid 105.447 (15,9S6 69,4C71 TOTAL FUINDS 105.447 (35,986 69.461 Pagc 10 continued.
BBBOfC )otes to the Financial f¥talements - continued fnr the Year F.n(led .1 I l)ecember 2024 RF.I.AI'LD PARTY DISCI.OSURLS Tlier¢ wcre no rilatcd party transactinns rcquiring disclosure fi)r thc year ended 31 Dcc¢mber 20?412023 .. NnnLI. Pagc 11