C'ompany re8i8lTRli(>n nllmky.. VX7523¥9Tr Chalily r¢¥i%lrdli¢)JJ olinir. 115fi69 Empire Fighting Chance IA coz5Jpany liiniied by AnThual Rq)ort wjd Financial sternen for the Ye&r Ended 31 Oclubei 2021 Mr David Sloggeii CLA Mills Hendy TIA Rise Audil 2 Bevtrley L'ourt 26 Flmi¥ce Road T¢ddinO TWI1 8ST
Empire Fighting Chanee C'ontents Rclerence Qnd Administrative DtiLiI$ Tn]SlLCS' Rewrt Si#itm¢ni TntsiL*%' RLSPthLsibiliiio¥ lttd¢p¢ndcnl Audito. Rcport s 1() 7 Slatsni¢JJl of Fina])ci&l Acliviiies R•lan¢e Shetl L4l¢rnciJl of C'.&$h Flow 10 Nott5 to the Fin8lltiÉl SitsitmeThts
Emplre liikihtlng Chance Reference and Adminislr#tive Detll$ C.halrrMn t)r S Newiii 'rrustee5 My C. Ltslie Mr ('risrin Biisk Mr Ddvid Phillip Mr Al¢x Campboll PrlnclpRI C)ffite Th¢ Mtll Low¢T Asliley Rood r.asl()n Ilristol BS5 OYJ C.omp4ny ReglJtr8tlnn Number 0%752389 ChErlty Regl8lr#tloR Numhrr 1156fr9¢1 Audltor Mr Davtd SltsBgelt CCA Mtlls klendy TIA Ri%c Audit 2 RevcTl¢y Cou 26 F.lTht]rc Road Ttddington TWII 8ST PA¥¢ I
Empire Flghtlllg Chance I'rustees, Report 'Fh¢ ITu%lcL'I, w> Rr¢ (IiTcrliiTS For Illl puTpo%c.% uf Loittpany law. pie¥cnl IhL alin11 r¥ix)rl io¥cihtr with ilic rinantsdl slthlcm¢nis dttdiori' ru'p¢)rt of Ihc ¥haril&blc compgny for the ycar cnd£d 311)¢iob¢r 2021. r.mp5 'ighting ChTrntt hdve Iwl artuiJkY cxccllLYil ye#r, t.8ciallY ¢un%idcriB¥ lh¢ ¥ilUllion wilh C.ov¥d 19 wjd Ilic pondLmic. The faLI Ihiit thc Ic&m knyc conlinutd workittg throuKhoul tho pcriod, supportin¥ Ih¢ kllosl vulnerdble nLvLr Iiunin¥ aDyonL away is somcthinki WL aT¢ in¥i¢dibly prvisd of. 1115 cvcri Mor¢ faky11¢ to ihink th1 ihis Support srted on Ihi Ycry fjrsi day of lockdi)WD ?nd ptw wilh nccd. W¢ reccivcd bking from fuTrLkn3, ri)rpi)raic Jnd the local co[nmnIty. Wo Htc thankful for their fAith cort)miimcnt to whrtt we do. Alm8 and Ubl¢¢ttves Ejllpl fiblili¢iB LhancL' is a TCg)isIcTcd chArily and n company linulcd by wtstr#nt¢e. ThL' l¢¥al ftamtWOTk is 4el oul in thc McMondm & Articl¢s of Asyociatioll inco4)ordied 011 28th ()clobet 2013. Th¢ chllritsble objeLIivcs eskblt6h¢d in ihc Articl¢s of Associaliot) &s follDWS-. To advAncc in life llnd hclp y•ung wle ihrouBh the PTovasion of rwreational and l¢i%¥Te lirnc a¢iiyjil¢S providcd in the inieTest nl's(>c>al welfare, dL4k8ned lo impmvc Ihcir CDnditsons ofiif¢ And PA)viding swrrf)rt Bnd aciivilics which dtvcl(Ip ih¢ir bkilisb C4)Jtitse9 atsd capabilittL lo tn8ble them lo puTii¢ipait in socsciy mthlurc d reBponsiblb in41ividuals. To help young 0p1, cspciially bul nol ¢x¢lu8ively thrthjgh l¢isurc time lIVI11t$ in tht fo¥E>) of amaieui hoxin¥. dcyelop Ih¢ircapabililÉc5 thai they may grow kn full molvrily &5 individiwll ond njtmbers of 5(Ki¢ty. To a¢1 a rtsuurE¢ for youJJ% rKopl¢ tsp lo Ihc OF 25 by Providing a(fvice aDd assislw)¢t organ¢sinB physical Slnd cdu¢aiional pwgrnmmes and oth¢r HLlivitics as a ni¢ans of.. dvartL'ing in lifo lielpsng youiJ8 PLWIL by d¢v¢lopin¥ Ili¢ir %kslls, UPgCllie8 ond capobilities i* ¢nabl¢ them 10 participdlo iji society &% indcpc#d¢nL tllHlure llnd rcspon5ibl¢ individuals,. advancing edutiOn. pri>mling physical and m¢nbLi hetslih. rcli¢vin8 unemployThcnl' providinB nLT¢oliukal Ici8UTQ limc 4ciivity iD the inieresfs of social wrlfsrc for pw1¢ wkn have need by rea¥on of th¢ir youth. a8¢, infimiiiy ijr di.wbilily. poverty or ctonomic cir¢um51Rnce3, with a view lo Improvin the conditions of life of sucll [SOft$. To pronwl¢ proTrct th¢ phy5ital and incntsl hcalth uf ¥SOn5 8uffering from illnckg or mcdicttl conditiOll8 of ny dcscriplitsD QT in lleLTrd tsf rehabilitsiion Ihrtsugh the provi5jOrt uf phie aith educational progrthnim¢s and oth¢r a¢livitics by providing or &wislin8 in th¢ pJvvi$ion of rquÈpiiicnt. fH¢ilili¢4 fitthncitsl 8)SIOn¢ prll¢iithl aviCe oihcr sui)port qcrvi£e$. Re¥trvoJ P1¢Y GoIg Concer The Board ofTTuyiec5 his examined the Charitys rLyuirEtnenl for ro%ervcs in thc li8hi of the risks kn thc organi5alion. A lotge poreentsgc of FTtyitc Fibhung ChJDcc's incortk ¢omcs froin mulii"year, wdnis. Ay ¥ULh. risks Othid finance ID Ihv short io mcdtum tcrni w¢ minimol. PJ8¢ 2
Fmpire Fightlng Chance Trvstees, Report r.iThpire fighting (.'hunec's liabiliti also JJiud¢rnie, tsthing ittio alu¥l thosc in t¢¥&1 utr reduiidancics aiid pensions. Ab such, Board uf Trus1 h$ ¢siablishcd a ttsttves policy sijch thtst ullrcstrietcd fund8 not i¥Jinnii1lcd to pr invcyied in thngtblc hxed asscts li¢liJ hy ihe c1¥11Y. should he equal 10 %ix fiionih's expLndilur ug a y71mWll. I'he tothl exinalIre for 2020121 w&% £1,260,058 th¢r¢foTe the lur8¢t is £ 630,02Y in ie5¢NLS. At ihc cid of2020121. r¢¥cT¥¢S siood oi £681,64U ol'which £01 IJ40 dre unrestyi¢t¢d. This is clos¢ kn Ili¢ l¢vel iii which we wish to opcraic. ThLSC reSCTYts ar¢ appprIlC io mcet F.tnpiy¢'s workit)8 Lapibhi reqUirl7cThts. llje P.xeouii%'¢ Are runfidenl ihai. tsi this Icvel. th¢y would bL able 10 ¢onlinu¢ thc ¢utrnmi aciiViti&% of thL Chatiiy tsking into accovnl thi risk of igaifiLHtti drop in fvAdin8.'fh¢ truste¢s ar¢ of ihe vicw thai Fighting Chon¢¢ is a concem. Iii recognilion i)f the imporlBnG¢ ofmaiAthining o b¢lthy Icvel of T[Ve$ the Board of TnL%1¢tt4 havL incSud¢d r¢strve baJ8llLYS on the OTganiutiOn5 risk rL¥i$lcr wliich 1% vI¢We hy thc 51oar(l on a qu¥rt¢rly I).15 Ihe Ir¢&%yrcT oz a monthly onc. Pl8ns for filture peTIDd Key sgrai¢gic B5 for Ihc wmii)8 p¢{0d intltsde gTowiTrg our ability irad¢ ¥erternie u1)rlrI¢lCd intomL from donatiOD4 incoroc and eveni8, so diyersifyin¥ iDioin¢ so Ili¢rc 18 l¢s% of a rLlianLc on grants ther¢forc %tyength¢iiin¥ indend£Li'. This h&8 bccii over th¢ pcriod duc to Covid irtiernjpiions. )p¢]yiyonallyJ I51P1 Its Plohgbly tti oplimum 5ixe in lems of pcople a[ tillits. and our plHn5 in this diTe¢¢ioJJ r¢lal¥ ID ¢xploriDkJ ¢Trihcf ways 10 5¢al¢ ¢)ur impact bcyortd ¢mployin8 ev¢rmor¢ front-linc prolcssiiKals. Th¢ dcvelopmcni of nSultncY and ¢ompaigtung fotth pthrt ofthis, do 8osI8 around groiving otsl impact for in¢lusiviiyldiv¢rsity attd qtlity. A¥ ¥u¢h. we wc slarti[ work wsth Ensland BoxiJ)8 tsb ideniify IKJxing clubs acFO&g th¢ UK thAI w¢ ¢ould lan Ul 01]T metho(10108y Support them in il's dclivcry fora de5jgDul poriod. W¢ arc 0Y luoking for R smttll nuTh)bRT of high quality ¢lubs, Whe togeihcr we ¢4n tittpact the lives of tell5 or IhL)L85Trnds of youll people. Dlscloiure of lttform4tlon to udltOT FaLh Irnsite hts 18ken.%tq)s ihat they ought to hH¥¢ wken Hs # ¢n¢ee trt onler lu iiiake the1¥¢5 aware ofuny rel¢v¢ audit ijJtormaÈion snd cstablish thai (Jse c1wit$ oudilor tswar¢ of that infornkation. Th¢ tsusiees LoTrfinn th¥t thotv is ttlcv&nt infornialion thal th¢y kTtow of uf which know thc tsudilor is ort was appruved by the InL8tees oiikn di]IY DtL 24 Aug1 2022 ¥kd sÉgncd oft its belLBlf by.. TDa ee PJg¢ J
Empire Flghilng ChAnce Stgtement ul Trusteesl Responsibilitles Thc Iru8iee8 Iwlio alsu It dirnYloTh of Lynipirc Fibhiin¥ C.'hanLL fi>r ihc purptisL% i)r CoinnY lawl thrc fL'SPIMlbiblc for PparIng Ihc In]5t¢C5' ¥CPDrt and Ihc fLli8nL'ial ¥b)tsmcnis in wcorthD4L' with thc Uniild Kingdom Ac¢ovniing Sttsndard% (Unitd Killgdonj Gen¢rally Acceptcd ALcounling Pra¢ii¢e} and oppljcablc law Lo1[4¢1Y law quireS thc ¢0 pPtyre finart¢ial Slatcmcnts for cach financial ycgr. UndLY ¢ompaThy law Ili¢ ITh1¢¢5 li1¢ noi upprov¢ th¢ finunLiol SlenIJ)ts wil¢ss Ibcy &&lisficO Ihal Ih¢y gtvc & tsiJ¢ and f#ir vi¢w of thc .%¢Dlc of the chAriitsbl¢ ¢ompaoy azmi nf 5ts inconiin¥ rsstwrc&% ond ApplitNiian nf rcsoureL%, includiiig iL$ ¥ncom¢ expendl1u. for ihdl period. In prq)&wing thL8¢ fin#ll¢iql slal¢ments, the Inksices aTC requbred I.. elect sui¢#ble acwtsniing policies and apply Ihcm cowisi¢nily' bserye thc TNihods and principle5 kTL th¢ Lhatiiies SORP. tnrtkc judgcmrnts and estunalcs thjl DY¢ Tr8soMablc and prud¢DI' stutb. whdh¢r opplirabl¢ IIK A¢¢owiiing Stsndaids huvB been fvllowe(L subj1 lo ony %wl¢rial thpartU dib¢losed und explatned lh¢ finallcial 51llttmcrtLs,' ojid pr¢par¢ the fJnwJct816Wlenitnts on the gi0iDg bhsis unless il is inappropriatc to preswtt¢ th&1 t ¢hdritsble compllny vrill continue in bu5inw. The tyuqlv¢s aTV ren$1b1¢ for keeping &dcqualc ath)iJntiiiB records that 4r¢ $uffitie*t lo show and cxplttim the chllTitabl¢ LL)mp¥n5 trans110 and dixLlo&e with reabonabla aubY al any lim¢ lh¢ financi&5 poyiiion ofihr Lhdrifabl¢ ¢ompdrty and ¢ngblc thcm to ¢nSUT¢ th¥1 the fin¢$t slai¢m¢nls comply wilh th¢ ComJwnie5 Act 21106. They e also respo%]ble for safcguaTding the 05scis' of Ihc GlIDritHblc £omrAny and hcnrc for tskin re4spnable slLps foT Ihr pjrvcntion wid thicclion of frnud oud othpr itr¢8ui&rities. App the trllsttC8 orth¢ ¢hariiy Ott 24 August 2(122 and Signed on 118 hIE by.. l)a¥
Empire Fighting ChHneo Independent AuditOT'5 Reporl to the Mcmber8 of F.mpire Fightlng Ch#ce ()plnlDn We hav¢ 4Ludiicd ilJ¢ finall¢ial sllll¢m¢KÉs of fnwire Fi8hiiiiB Lhdnce {IlK £hurly'l for the yeaT endcd 31 Oclohcr 2021, wliich coPrIs. lh¥ SiolL'niciil vf FinttnLitsl Aclivili¢s. Bttllliiie Shcit, StalLlllCJIt ol'Ci%h I,-low.%, ftDd Nutcy lo tbc Fintsnrial Sknii'menig, includthg ts ol etsUn1J1)¥ poSi¢ics. Tiib fiiisnciil reporting fTamcw4)rk Ihthi IK'cft applid in their prepamlion is lJtiil¢41 Kingdom Accountin¥ %14ndDr&s, Lotttprising ChOTili¢S SORP- FRS 102 Thc Fitwicial Reporting Statthd Jppliokble Irt the UK Republic or Irblllnd. aiid &ppliiablc law (tJnii¢d KiJJ8th)ni CJ¢n¢r#lly AcL¢ptrd Acrouiitiii¥ PraLlice). This repotl is made holely Iv lh¢ chartsble tompany's In1¢¢$ as u knlyi in aC¢i>TdJric¢ with Chapl¢T.3 01. Part 16 of thc (4)mpattic% Act 20Q6. Our uudil work bccn undcjtsken 50 ihAi wc iniLpht suite Ir) the chaTity's 1suyILes shosc liiail¢TS WC fcquifcd kn slate 10 Iheiii in art audilur'% worl and for no ()Ihcr puryNJse. To Ihe full¥sl ¢xt¢iJt perniiiied by luw. wc do ttot acccpi or 958um¢ Ic8pontsibility li) Jrtyone othknr than thc charil4blt ompany and lis tru5lc¢5 05 8 bodyi for uw avdil WDrk. for thi& trwrt, OT for ih¢ opinions we have formed. ID our optnion ihc fin&ntitsl tstlEmexib= giv¢ ll tw¢ and fail view uf Ihc SC of cbatiiy's atT8irs os ai JI O¢lobcr 2021 of iLs re%ll5 fu¥ th¢ year Ih¢n ¢ndtd. l)aY¥ bcc pruperly ptLVdrcd in aLCI)rdan¢¢ with Uiiiicd Kinwffmll Cjenerally A¢¢¢pted Accourtting Ptacli¢¢", hav¢ ptw>artd in a¢corth¢e wilh the quIreMcnts of tho Cth2)p4nic5 2006. 351s for oplnlon Wc collduLlcd our audii in aLcoTd&rtct with Inlernalional on Audi11¥ (UK) (ISA& (UK)) pplicttblt Jaw. OJr rtsponsibiliti&s undcr thox stynddrtL4' ore fttrthL'I desLribtd in Ihe Audiior'¥ responsibilities for Ihc audii of fiii#nL'i41 ¥18t¢in¢nts sc¢lion ofour rep>rl. Wc are indcpBndeni of Ihc Chariiy in ac¢vrth¢¢ wilh lh¢ ¢tliical rcquiTcmcnts Ihnl 1CVRI 10 our suttii af ihc fimncial sialcmcnts in Ihc UK, inoludiDg Ihc FRC.'¥ Fthical Stallda wc haLVC fulfLllcd our other eihical Tcbpon$ibilili¢s in ac(0Tdall wih Ih¢sC re4uir¢mcnLs. W¢ bclitve tbai the ftudit cvid¢ncL' we h8¥L obthincd is %uffJci¢nt Hnd gppmpriRlc l(J Provide ll Iiosis furuurvpiniott. Conclu¥loD¥ Itlgtlng to toncern We hayc nothing to Ieptrrt ID respe¢i of the following mallcr5 T¢11 to whi¢h th¢ ISA$ IUK} require io TepoTi lo you where.. tbL' tee& us¢ of the ¥oin8 concern of accounliFk¥ in lh¢ ptL7Jarntion ufih¢ fiJan¢ial slat¢nw)15 1$ 1101 PPTopriate: or Ibc anle¢S h&v¢ npi diwlo5¢d tho finan¢iul stttietttcnts id¢Jiiifie41 material utKeftainltets thAI may co51 858nifs¢Wlt dtiubi about ¢hariiy's abiltly Iv Ltmitnue io &dopi thc goin8 Concern bas'i% ofucu)uniinb for a PETiod of ut Icasl twtlvL' months th¢ daic whcn th¢ fi&7¢11 51atCm¢nLS Sk1¢ ahOrid for 15512¢. ()ther Inforlliitlo The busle¢s ttre ¥espott%ibl¢ for IhL' l)ihcr infom)Alion. Thc olber tnfoM>Alion comprists the infuMiaiiTrn *nLlu(kd in the annwLI report, oilier thsrk Ihc faL¢la1 sl&len)¢nts oudittbT'S TCPOrt Ih¢rcon. Our opinion on IhL' rinats¢tAI sialLiiicnls doLS nol iyivcr th¢ oth¢r inf<TrrniJlion and, ¢x¢epl kn thc cxicnt I1)erWIS¢ ¢xpliciily Nlated i¢1 our rcport, w¢ do npt CXPTe$5 forni of 4swrtsncc runc110 thrr¢on. Pabye 5
Emplre Trightlng Ch4Deo Independent Auditor's Report to the Members of Emplre Illghting Chanee lrt cokneciion with thkr ad]I of Ihc hnan£iAI siaie3n¢iilX, Dur r¢spoJJsibility Is Io T¢ad lh¢ othLr inlomiution and, in doiiig so, caDssder whelhcr the oiher ixfomialion 1% mxl¢rially incon¥islffl11 wilh th¢ linanoi81 %lRlcmcnls or oikr knowlcdge obioincd Ihc uudil or odierwise appear% io bc maitriully mi&sthied. Ifwc ItifY %ucli molcrial Inwn%iFl¢I)¢io% or appar¢ni Eiidlerial iiii&%l#i¥fiiLSIL4, w¢ Jr¢ r¢qiiLr¢d its thiemiin¥ wlikJii¥ Uivr¢ i¥ a iiiakniriul tnisstsknmcni itt the finlrig] gtalements or Sk 111 missknlcTllCnl of thc oth¢r inf0rn18tit>n. If. b&scd ihc Wrk w¢ hav¢ p¢rf177¢d. w¢ conclydc tht Ih¢re is a m4t¢rial misstsi¢mcni of ihi& i)thL'T inf(Jmialithn. w¢ thre r¢qusrrd io TfPQrt thDt fucl. Ive havc nothin¥ lo repDn sn Ihis Tegafd. ()plnlon ou othr nJall¢r5 prestrlhed hy Ihé Comp4nlets A¢t 2006 In Oilr opinion. bas(xl th¢ work und¢rtakc in ihe COUTSC i)f th¢ avdii.. Ihc iJJfotmRlÉon ¥iveTi ¢Jb Ilic TnL¥leLS' RL'txirt for Ihe financial ytaT for which the fjnancial slalemLnts arc prepared is consisleai with the fjnwicial stAtcmthiL%'. and the Trusie¢s' Rcport IKYn PEepaTed in &ccordaLce with applicable legil [eqll¢m¢nts'. M4tters on wblcb ve #rt reqlllr¢d to report hy exreplD In lh¢ IiBhi of our knDwlcd¥c wTrd undeTstsndin8 of th¢ wmpany ard its ¢nviFonmcnl oh¢8ified in th¢ ¢owsc or th¢ audit, we havc not identified maieiial mi&%ismEnL8 in the TnJsic&s' Report. Wc havc nothing io rcpf>ri in Spe¥l of ih¢ folloMp¥ E¥NLUcr5 whcrc th¢ CoTryi8nics A¢t 21KIfi rrquiTC5 us I report to you if, OUT upinion.. ade4uaie Coun118 records bav¢ not b2en kep4 or r¢lurns #dequjle for l)ur wdii have not be¢n received fTOry) bwchcs nol vjsii¢d by ua. or Ihe fin¥Lnci81 SL¢mcnts UTC Ot bii agr¢cThcnl wiib thc 4crpunting T¢¢prd8 gnd lI)nL%- QT certoin dis¢losvELS of Irusietr3 remuNcritstt 8P¢tified by lttw are Mot mad4. OT we httve reccived all Ihc infomiatiott akd explanalions wc requtre for OUT audii. Rcsponslbllltle4 of iru51e A5 explaiiiui more f¥lly in Ihe Si&lenienl of ThLSttrs' Rc%ponsibilitic5 Iscl out on pa¥t 41, thc iruslee5 ar¢ r¢8Ninsibl¢ fvr th¢ prcpllrntigll of the finllncsul 3l&lcmcnL8 ond foT bcing 11¥fIed thal they give & Inie fsir vicw. for siich iniernal CODtrol ik¢ t41¢¢% d¢iLmikn¢ i$ n¢c¢ss4ry tv ¢nabk th¢ prcparaliots of fijjancial ¥tsiomtnts thul OT¢ frcc from mulerial mi&%lfjlcm¢nl, wh¢thcr du¢ lo fraud of ¢mir. Ili PTcparin¥ the finan¢ial stam¢Dts. th¢ •TV TKIllSbC fot &$SLing lh¢ chwity'5 abilily Io CLiniinuc #s a going cimcern. discl()sing as plIcable, TJwltcr¥ Ttlaled to g05ng concorn and SIng the going concern basis of a¢¢ounling Ihc th]siets ¢iihtr initt 10 li4uidats iht charity or lo rca8c operulioD5, or havc no rcalt$ti Audllor's ¥espon51bllitle4 for the fyydit ofile finan81Stt0Ment5 nur tsbjeLIivcs 8r¢ lo ¥¢nb]r asswoncc about whethcr th¢ financial stutcmcnts xg 3 whole sr¢ fr rrom Inai¢ri81 MI1¢)71Cni. wh¢thcf dut 10 frnttd or em)r, and IiTr ISSVL Rll a#diloi'5 trport Ib includcs our pinion. R¢ason&ble assurancc 15 a high lovcl of lls8urancu, bui is ILOI ts Buftrwjiee ththi oudil ¢ondii¢l¢d 5ll aCCUTddrtLC with ISAS (UK) will always dciect a Ma[1&1 miss¢at¢m¢nl when il exists. Mi%¥thicmenls arise rrom frnud fjr ¢rror and aro c4>llsidorcd maler*al if. i#dividttAlly or in tlie Dggrpgolc, thcy ri)ulil rSOnablY bc expeLied io influencc 11)ts economic dccisions of u&¢rs IAkeJJ ort Ihe bEIS ofthesc fiJJonci&l.4t&l¢m¢nts. As Pdrt of ao adi1 in a¢tordanLC with ISA% (UKX w¢ ¢Y¢rcise profo4sionaJ judgemctti and maintAtn pmft&8ionol sCCPtiCism throughout the audii. Wc al¥o'. PAKe 6
Fmplre FIEhtlng Chmllce Independent Audllorls Report to the M¢mber5 of Empire Fighting Chanc Identify and Jssess the rssks of ma[1&1 niisstal¢miYil of the financial slalcmL'ni8, wh¢thcT duc to fraud or error. d¢si8rt and pcrfonji audil pfoLcdures PDlivC to thusc risk% and obiain uudil ev]dLn, that i8 suffi¥icnl and JppropriHlc lo pmvidc a basi.s for i)ur tspinÉTriL I"hL risk of not del¢Llin8 d mtsicrinl missl3l£nicT¥I resuliing fFoni frdud i¥ bi8li¢r IIWL foT uni rtsvltsng frosn crror. as fraud ittvolvc collusion, forycry. inicnlional omi.10$. mi8r¢pte%tiiiAlions, OT th¢ oveIde ofijitcrnal coiitrtsl. ob7 Jn undcYslnding of inlLmal conlrol Tcl¢vani to thc audii in order lo dc&ibTll audii prOCll5 Ihllt irc w)propri8ie in thc circum5kwe4 but Jjol for Ihe pu4Jose of expTe$sin¥ #n opinion vn Ihc vffectivcntss of the chllriiy'b inlcrnBI control. Eval1¢ lh¢ appropriai¢ll&¥s ofarLouniing policics used 8t tlic rwvTthleness of accountin¥ Lylinios 4nd loted di105¥ mttde by lh¢ trusie¢J. Conclud¢ oi lh¢ appropyiai¢ncss ofthc In1£ w of Ihc goin¥ nC¢rn b&si5 of ttccounling and, b$ on the 4udii tvid¢nLe obiain¢d, wheih¢r a Jnalcrial un¢¢rtui¥Jty cxisls rLl&lcd cvcnts or ¢onditioDS thai may La%1 signifi¢ani doubt on the cliarily'$ abslity io continue CODcem. If we con¢lud¢ a mat¢riaJ unccrtainly ¢x¢&S. we Rr¢ ttquireil 10 %Jraw alleniion itt our iiudiloT'B rrptjrt lo tht Telllied d¢xloyure$ in lh¢ riiian¢ial slalemenls •T. if su¢h disclo3wts ole in&dcquale, kn modify our vpinioti. Ovr conrlu%ions are based on the audii evid*i¢e obwfied up tsi ihc dale of our auditor's PTrrt. Howcvtr, future ¢v¢nts or wNiiiions nThy causc the clwrity to corytsBue ll& a goiog¢oncertt. F.valvale th¢ ovcsall prfscnlwioll. strLiur¢ ajal ¢onieDI ofthe finwkt&l st8lLYD¢nts, ittcluding tlr diwlosur¢s,
nd whCth Ihe finaR¥i1 sialements r¢>r¢sent the uw]¢Tlyirt¥ ¢msactions #nd evcllts in & mAnk¢r thDI
ochitves Idll p¥¢tall. ob1 sufficienl appropriate audit evidenc¢ Tcghrdsng thc rtDoncial inf0mt$0 uf thL ettiilies or h1r$S ttclkvilics wiihin Lhe charity 10 expSS WL upirt1 on th¢ finarteilll sialcmcnL%. Wc are rc5n51bIc the direction, 5uper¥i&ion #t rfOlance ot. Ihc ¢hAriiy audit. W¢ rtsn&i0 501cty rt8]x)ns11)le for our avdii ¢Jpinion. W¢ ¢(>m tiniin8 we id¢ 05e ¢haTgcd govcmaB¢¢ reBardiJJg, arnOn other the plnDEd s¢i>pe iw)tficanl gutbi findin including any ssgnificanl defJcion¢i¢s trt ill*¥1 control thal the audit y dwin8 0111 Mr D4vid Sloggcli jsenitsr Slalulory Audiior) FOr}d on beh811of Sloggcll. Staiutory Auibior Mtlls Hewjy TIA Ris¢ Auttit 2 Brveil¢y Court 26 1.:1mt Road Tedditigton TWI 18ST 7£ 1021 Pa¢ 7
Emplre Fighting Ch4nee Slitement of bThnonelal A¢tivities for the Year L'nded 31 Octobcr 2021 (Ineluding Income And Expvttdlture Account 4nd SIAtLiment ol'I'oto1 ReLDgNi3ed Glns and L055e5) Unreytrlcted rumds Re5trlctcd fuMds Tot 2021 Tolal 2020 Ngtt Intome #Dd Lndowments from: Dollatio and It¥aLies Oihcr irtithng activiiie% Illhcr incoznc 311.876 144.829 945.¥49 1,25Y.685 lJ14,¥29 %29.015 14,955 458.665 945,849 1,404.514 924.525 Expendlturo ort: Rdssing fut14 (.'horilubl¢ lVitieS Oih¢f CXP¢rtdiitsTC {15,081) (50,4391 (310,691 (15.081) 18112,984) 1161,993 l(A).189} 1780.116RI {64,654 {R32,5451 51,302 14 loial r..Xpd1l Oth@T reco15d #Alna 8Dd Josses N£1 movcmcnl irt 376.211 883,847 1.200,05 904.91 I 2.454 62.(1 144.456 19.014 ReeDnell1#tlo of fu(ts Totaj fi* broushi fofward 528.886 10.298 539,458 Totsl fvndB ¢aryied forward 611,340 Tl,31JO 083,041) 559,072 All of th¢ ch9rity's aciivyiies d¢rive from >tinlg opc]¥iion9 d¥ring ihc Ive Iwo ri(th. Pagc 8
mplre Fightlng Chance (RegistratioN number: 08752389) Balance èiheet U5 Ilt 31 Oetober 2021 2021 2020 Nol¢ Flxtd *$5tls 26,399 17,433 Cknrrent X55el$ l)cbioTS C".asl) al bonk and sn hllnd Y.945 912.925 7.194 ¥97,675 922,¥70 9n4,1169 ¢redllor8: Amount8 rlIng dut wltlLln one yeir Not curronl a4J¢ts 10 265,&29 363.230 657,241 541.039 Not wet$ 683.640 559,U72 FndS of Ilxe tbArlly: Restrlclt41 [¥dI 72,31M) 10.298 ureStrtEd funds uÈCled fvEtd 611.340 548.774 Tvt81 fund5 559,072 The fiMncial 51atcincnts vn pygts 8 10 16 wett ¥pttsved by Ihe trusiceB. and authorised for issue on 24 Augu$1 ds d ON their I&tr by.. TSe Pag¢ 9
Emplre Flghtlng Chanfe Statemeiit of Cash Fl(bWS for the Year Knded 31 Oclober 2021 2021 21120 Note Cngh from Dperallng 4ctlvllle Nel cA5h 144.456 19.614 Adjujtments to ¢¥sh nrpv8 from Ittn l)epreciaiion 14 8,799 153.255 25.425 Ivorklng £ApltaJ adJu$iw¢Dt5 (Incrcaseydecrcatsg in d¢biDrs IDecreaseyincr¢&c tntxtdilors Nci flows from up¢Thiing activitic CAsh llows f¥ori IBVCStlng #ttlvlile& PurLhllse of iangiblr fixLd a5%C18 Nol in¢r¢ase IM Lash and cgsh quivalents ('.?sh Cash equiv&lcttts ai l Novcml C)sh llnd ¢&%h fquivalents 8131 Uctober 12.751) (117.489 7.176 350.566 33,015 383,167 17,7651 15.25Q 371,196 897,075 526.479 912,925 897.675 All of thB ¢a8h flow$ are der*vcd from operaiion5 dyrin8 the abuve rwo p¢riod& Pag¢ 10
Kmplre l)ghting Ch8nee Notos to the FinAnclg1 Stgtcments for thL Ye8r Ended 31 October 2021 l A¢¢oumtltt% poUcleB Summxry •fslKnlfltant accountlng pollcles and key ¥crouNtlfjg ¢5tlmJtos 'I'hc principttl tsccounitmg policiey applid in ili¢ prcpdralion lif finllnGial %thlcm¢n15 sel 01 bclow. These policicb liv¢ Lonbisl¢iiily appliLMI lo all ihe y&Lts Pttstnicd. urtlLSY othenwsc %latcd. StHtement thf £omplSanee Thc fitwILial Sl¢ments bav¢ bre pwpRTcd ill #Lcordancc with AecoiLfjliTrg find Reportinb by Charities. Sill¢t11 of Pra11l aiipliLllbl¢ ID ch4irilTt% Pr)1118 Ihcir ¢ul)ts in ocL(IrdLlrtcc Iwih Ih rinfyHci81 Rcporting Sthndard &pplicablc iii thc UK Hnd R¢public of Ircl#nd (FRS 102) {eITtive l J&J)uary 20151- (Chariiies SORP IFRS 10211. Ihe fin4Ln¢i11 l Reporting St&ndBrd applicable in Ihc UK And R¢publi¢ ()f ITcland ITrRS 102}8nd tho CompaD¥l% Acl 2W6. Bas15 of prep¥r¥tloM F.mpirr biglilin8 aianrc Intcts ihe dcfirtiliu# of¥ publi¢ bcn¥fi1 ¥nlily wLd¢r frR% 102. Asscts littbilti&% initially Tccogniscd ai ljisiorie41 co8t OT Ir4r15actiaTh ¥alu¢ thjless otheNise staled in tlie r¢leYanl aicouniing puli¢y not¢s. The It1 cunsider Itjai IlicT¢ drc unienainues abtTrul the chdriiy'¥ #bility 10 u)iiiii)u¢ as a 8oÉllg concern Doidrty significant arcas of uEthin1Y th01 affect the ¢winJs value of asL4 held by ClniY. Income and All illcomc is rLxuviis th¢ chatkly h&4 Lylliilcnienl lu Ihc income. il 15 pfDb8blc thai Ihc in¢omc 11 bc rtecivcd and thc aTr30unl of thc incumt tcccivsblc L&n bt mcasurcd r¢li8bly. •Mdle%ot Dtrntttions aye recognisd whrn th¢ rhwliy h&% be¢D notifi itt wriiing of l)oih Ih¢ aniovrti ajjd &¢iileIiient dale. In Lhc eveni Ihal a donalion 15 ¥ubjecl 10 Lndillon¥ thal requirc # l¢i'¢l of pertormancr by Ihc th8riiy bcfore Ihe clwity is cnlillcd lo thc lun(L¥, the ifjcome 1$ dclclred not reColSCd ulllil ¢iiher those L4)ndiiivns Qfe f]lY IncL OT the fuifiljyL ufthose ¢ortditiotts is wlii>15y within thc conwol of chatiiy and Tl is pyobable thai thtse conditions will bc fiilfillcd IA the reporting pcriod. GrnnL$ are rccngois¢d the chttriiy httg ejjliilwnenl io th¢ funds and uny condili011s linkd kn thc g¥onts hav¢ b¢cn met. Where ptrftsnnante L()ndiiions arc atialhed io thc gralll 4nd arr yd lo b¢ rn¢l, income i¥ rec4)¥lli%LxI as ll li&biliiy and in¢ludL'd on the balancc shc¢l dcftrycd inc0C to bt Teld. FJ3pcudltre All expcndiltsr¢ is TogniSed oJ)c¢ Ilw¢ is a legal w ¢unstru¢live Obli110 trj ihal ¢xwdiiure. li is probablc .tIC¢L is T¢9uired tsnij thc llmourti ciln b£ Me%red rcliabSy. All c08ts 8rc allocuied lo th¢ upplicable txpLmdiiur¢ heading Ihii agu)r¢gHle yiinilthr cthg18 lo Ih91 cal¢gory. Where c0515 nn01 bc dire¢ily Rllribiilcd lo . prt%Lular hcadings ihcy have bcen Bllocalcd on u b&qi% wnsisieiil with the use of wsour¢e8. with trItal 8thff . cosL¥ #IIDc¥ied thL' t1% oft¥n)c spEnL and dcprecialion ¢lwgcs allocated oji portioN ofihc &55tl'$ UK. Othcr wpp)rt cnsL lire 811[ted I¢d on th¢ 5PTead of x18ff tOBts. Pogc li
Empire Fighting Chance Notes lo the Flo#nclal Statements for the Year Lnded 31 O¢tttber 2021 11)L%e Dre c05Ls in¢urred in altTacliJJg volunlary imomc, t Ynnna8emeni of inv&blmttllts atLd Ih05c incumrf i trBdin8 llciivils&4 Ih&i rn11$ funts. Governxntt coyt¥ Thlsc includc thr attributsble lo ih¢ ¢hllrily'% ¢on7pli4ncc wi7 co%11(Ull0llal s&iuiory wuirthjcnls, 12JLl&dirtg wJdi(8trat¢gic t#antsgemeni and tW¥l¢es's ffjcclinus JDd ffiTnburscd exrKM5es. GovernmeDt grants fyQVCrntnLnt grllnts aTt tec81$ btscd th¢ 8ral modcl r¢ured at Ihc fair valuc of the 8SSel ri'LcjvLd or recc>vablc. GrJnts are ¢141r1e4] &$ M.lalin&i ciiher 10 Tev¢nuc or io L8sels'. Gtxois 111& i(1 Tfvenue or¢ rccognised in incot55c ovcr thc period whi¢h thc Eclfjl¢d cost9 Bre 08n1$¢d. Granls r¢l#iing lo &wls ort rcLy)gTrnisLyJ uv¢r Ihb ¢x$¢Al Us¢1 lif¢ of the wcl. Where pdrt of 4 Brani Telaiing to a1 ig d¢re[MI, it 14 re(obl¥¢d L8drfery¢d t1110mC. TAxAflo Thb chdriiy its c4pn8idcrLYt 10 P&8S Lh¢ %el oul in Parasrdph I Schedule 6 of Ihk. Financc Acl 2010 8nd Ihercforc il mcets Ihc dcfinit1o of a charitable company for UK c4)rponiion putyoses. A,rdI]I81Yj Ihc charity l8 Potentially exempl fro iaxatioii itl respccl ol illeoIne ar Capilal ¥ain¥ re¢¢ivc41 within iatcguriL% eov¢Tcd by Lhapier 3 Pkrt I l of th¢ C.orpDration Tax Act 2010 or S¢¢lioA 256 ofthc Tax11n Lhargeablc Gairts Aci 1992. the exteni tha¢ such income urgaills applied exLIs1VelY io ¢baFiiable purFMFÈ¢S. T8nglble flxtd 41sets Individuaj fi¥e41 WSiin¥ £O.IX) or morc initially rcconlcd 8t COsL Ic&8 any subscqueni 8c¢umllknled d¢p5wiHlio]J Ind %ubsLlleni IL¢1)]8[ed ipairnIeI 10&4¢5. Depreclatlon and 8nwrt158Uon l)eprcciolioA is providcd on th&ble fixed assets so to off the cost or valuatson. les wjy esiimfyi¢d ¥esidl Vu¢. over Iheircxpcacd L%cful C0TlL life follows= Ais¢t clwy Mibi(>rVchi¢les rixiures 8nd fittings mrthod r•te 25Q/o R¢ducing Elul¥¢¢ 25/• Reducing lknlunr£ Tr#dt debtors . TTadc dEblOTS OTC dmotsnis due from ru5knD)er5 for m¢rrhaDdi¥E sold or TviCCs pcrfornied in Ihc OTdinary ¢OlltgO DFbLL8ill8. rde thb¢oySHT¢ TttQXiii5¢d initially al thc tran¢110 prrcr. Thcy arc sub8equenily meL%urt41 Jl #mortis1 cost $in8 ihe cff¢ciivc inlcrcsl inelhvd. less provision for impaimienl. A provi5ioD rt>r lh¢ Irr1lDtn¢ of In6JL debiojrs IA esthbli5hcd wliell th¢rc ts obj¢Llivc cvidette¢ thki thL chslily will noi bc 4ble lo coll1 oll amouttts dLc thc iTrtiwitsl ierms vf Iht Teceivabl. C¥¥h cJ5h ÈqtslvAt¢hl¥ Cayh And cosh equiv8loRL4' Compri ¢&gh on ljand Call dcposits, and othcr 8hort-¢¢rm hyghly li4Ut invL4lmcnts ihDI are dIlY ¢ollv¢rtiblt to a known 8mount of L&sh and are subje¢l 10 ttlj itL418nifinI ri%k or chan8¢ in valve. PaBe 12
Empire Flghtlllg Chance Note5 to the Flnancial StAtemen*s for the Year Ended JI October 2021 'l-rad¢ ¢redltor& Lr¢dilorb w¢ obligaliony lo for gwtfs or Servil Ihli httv¢ b¢L'rt ¢qui iii IhE VTdiD8ry CQUTSC or usiiicqs frpm 8uppli¢r5. Accounts PRyablL arc 151r1ed as Lurrctti liabiliiics tl Ihe clixriiy thjcs nol IiELVC an iin¢oiidiiiDh81 Tl8hi. Gt the elld of thc reporting PQTirf io d¢f¢r %iilem¢Mi of th£ ¢r¢diior thi Itu81 tw¢lv¢ monlhs aflcT Ihc TCPOrtinx dale. If the is All nCOndItIonal tight lo def¢r seiilwnent for 91 Iwt Iw¢lve DnthS atlcr th¢ rcportingdale. Ih¢y alc prcsonlLd as non-curycni liabiliiics. TTrtdc ¢rcditoJ¥ are ree4)gnised inilittlly 81 Ihc b>nEtsrlion wiL¢ tsnd subseq1tlY al Jmortiscd ¢osÈ I11 ihl ¢ff¢¢live int¢rcst Tnctjl. Fund $tru¢loTe Un1T1¢I¢d iTrrome funds 8¢[1 fvnth thoi ar¢ av¥ilwblc for 9¢ ai th¢ th]slge5'% discrcliott furthenmce f Ilic objeclivL5 of thL ¢htriiy. RaFlricl¢d inwmc ore Ihosc for u.4c in a p8rti¢ulHr area or for s]riC purposes. the y5¢ of whicl) 14 ftstricied io thai or pthrpose. 2 Inrom¢ do#4110o$ #nd legaelei Unreslrlde rtJDdi Rvlrlettd Tot 2021 General 2020 DoiJatii¥ns ond legles- Donalions fTOTh individuNIs (iTants, inbluding cwitsl gronis: Govertimenl grants from othcF thatiti¢y 98,200 98,200 89,819 9.185 206.451 9,185 1.132,300 739,196 313 830 945.849 l J59 685 829,015 J from othtt Ir&dlng Acllwltley Unrt8lrltttd Tolal 2021 C¢tt¢r81 2020 TTHdinB incorno: ales ofgooLL¥ ¥¢Thiti¥ 144 829 144,829 144.829 144.B29 4 OtbEr IM¢ott Totttl 2021 Total 2020 ReTri&l Itt¢ 14,955 Pa8e 13
Emplre Trlghtlng ChAnee Notes to the Financial Statements for the YeRT Ended JI October 2021 5 An#lytslx ofg4bv¢rn4src 5UPPOrt costs Govtrn&n£e ¢oita Unr¢slrld¢ fullds Reatrlcted ndx Tot1 2021 Tolal 2020 Cxener81 Staff i¢S Wale% and $al¢S %ecurily costs Othor8Mff wsts Profc55ip4lll Ikpr¢LiauoJi. nOlS10 Lnd othcr .%im>loT ¢o%ts oihcr govcrnaiK% cos18 665.910 53.398 6,546 106.691 005.910 53.3911 6.546 137,644 S(M,687 80.797 46,577 146.577 30,953 4,441 5.535 4.441 5.535 50,439 S32,54.5 ¥82,984 7¥0,06¥ fj eJT4nt-m8klng Amxlysl# of Krkxts The siippurl costs a)calCd wih grnnl-maktng £Nil {31 (kiober 2020. £Nill.
bmplre FiEhtiDg Chane Note5 to tlse Finaneial Statements for the Year Ended 11 October 2021 7 Stgff c0515 The mottthly &Yera%L nwntK'r of pcrsons (incl¥ding senior matw¢e¢ ieuml empluyLXt by iht uhtstiiy durirt Ihe yr ¢iprcs5cd as full iinic ¢quivalonts w&8 R5 follDWS.' zoii 2020 20 Tho numk¥ of ¢mploy¢¢% whosc cnio1iiio(S f¥ll witliiTr lh¢ followsng iuiids WUS.. 2020 £70,001- £80.(XIO 8 THDglblt 113td FurnltD¥e *nd equlpmtnt Molor v¢hl¢leg Total c.osl Al l Nov¢mb¢T 2020 Addiiion8 10.000 17,765 32,012 42,012 17,765 Ai 31 Octob¢i 2021 27.765 32,012 59.777 Deprffl•tlon Ai l Novcmbcr 2020 Ch4r8e foi Iht ycthr At 31 Oelober 2021 10,000 4,441 14,579 24.579 8.799 14.441 18,937 33,378 Net boDk v4lue Ai 310¢(oiw 2021 13.324 13,1)75 26,399 Al 31 Octs)brr 202 17.433 17.433 9 Debtor8 1021 2020 Trlldt debi()rs 9.945 PaKc 15
Empire bi%hting Chnce Notes to the Fin¥nclal.Statement5 for the Year b nded 31 October 2021 10 Creilltorl: a¥nounl8 fglltng dve Thlthln ono yur 2021 2020 Trade credslor¥5 uiher crediiors 256,089 9,540 351.68Y 1.-18U 265,629 363,230 I I Charlt>' sl¥lu5 Thc ch4rity is litt)it¢d by gu•i¢e, incoryJoTrt¢d in Engld , aTJd conscquLY)Ily does not hav¢ share I11&1. FAch Ihc InL%lcts is liable IfTr conthbuie 4Ln amtsuni not exteeding £Nil itswHriL% Ihc assets i?f th¢ charity in ihc ¢vonl of liqyidulion. 12 Rel#led pxrly trin98ttloni th¢ ywthe ¢horiiy Enadc Ihc fpllowiD¥ wJat¢d pthy lrnn%aclions.' Br19tol Boxlng tJDdt¢d (Jami¢ Swii8at. Scnior EJnploye¢ ofEtnpir¢ bi8hiiD¥ C.Iwicc) Providing u 8ck¥ionuJ Staff Miynbet xi amjs l¢rtb¥th Vjhlue. Al tho baJ)B¢¢ %hc¢t dAi¢ the ymount due tolfrom Brisitsl BoAing l.im¢i¢d was £Nil Ilrl$tol Rovert TYu$l IMArt%rt Bi%p- Senior Employee of Fthpe Fighiin& Chance) Providing 14oxill¥ and Merylorin¥ support li$ pari of J IJTEL Lcvcl 3 diploiTia in Ihc 2021V21 RcademiL year lor 3 pupil% al a¥ms Icngth Val.. At thc bal¥n¢¢ 8hcel till umwnt due tolfrum Bllsl CommtstLity Tfusi £Ntl . CS Boxlng l.ImJted (Jamlc 84ni8aF- Swiior Fmployce of EmpiTC bi8hiin8 C'.honcc) Pnividi]Jg equipmejkl 2rt(E coach hire dttrinb th¢ ytrar si dm)5 lettBth ye. Ai the balanG¢ $h¢d dJi¢ ih¢ pJJJow]I thjc iolfrorn CS Boxing Lkmi¢d W4L5 £Nil . 13 Taxitlo Th¢ charity is tt r¢gisttd charity and is thefr extmpi fTDm tyuiion. 14 Other exptndlture Rejlricied fund5 Tot•1 2021 Tothl 2020 Note Deprcciulinn. umoTlisation and oilicr 8irniIDr cosL% Oth¢r r¢sourLG5 cxrtndLd 4.35B 2,41ts 4,358 2,418 6.776 0.776 5.811 Ptt8r 16
| Grant received | Restricted? | Amount £ |
|---|---|---|
| Youth Endowment Fund |
Yes | 354793 |
| Dulverton | Yes | 27949 |
| Newby | Yes | 10000 |
| Children in Need | Yes | 66294 |
| Quartet | Yes | 2600 |
| Comic Relief | No | 117196 |
| Tudor Trust | Yes | 2000 |
| HenrySmith | Yes | 50000 |
| Stone FamilyTrust | No | 100000 |
| Leathersellers | No | 10000 |
| Societe Generale | Yes | 10000 |
| Paul Hamlyn | Yes | 75000 |
| Esmee Fairbairn | Yes | 49460 |
| Wesport | yes | 3936 |
| Sovereign | Yes | 3350 |
| Tuixen Foundation | No | 30000 |
| J thaw Foundation | No | 2000 |
| Postcode lottery | Yes | 18536 |
| Stjamesplace | Yes | 9344 |
| Nisbet | Yes | 10000 |
| Lloyds | Yes | 33066 |
| Bristol CityCouncil | Yes | 9185 |