Compaiiy registration niimbei.: 08752389 Charity L-egpisiratioii number.. 1156090 Empire Fighting Chance IA Company limited by guarat]tee) Annual Repoit and l-"inancial Statements for the Year Ended 31 October 2022 Mi'David Sloggett FCCA FCCA Mills l.lendy TIA Rise Audit 2 Bcvci'ley Court 26 Elmlree Road TeddiiiLYtoii TWSI 8ST
Empire Fighting Chance Contents Reference and Administrative Details Trustees, Report 2to4 Statement of Trusiees. Responsibilities Independent Aiiditors. Rew)rt 6t08 Statemejit of Financial Activities Balance Sheet 10 Stdiement of Cash l.'lows Notes to the Financial Staiernents 12to 17
I mpire Fighting Chance Referellce and Admiiii8ti'ative Details ChAiriiian Di. S Newitt Ti'iistees Ms L Leslie Mr Crispin Busk Mi- David Pliillips MrAlex Campbell VI'iiLcipAI Owice I'he Mill l.ower A.%hley Road Easton Brisiol BS5 OYJ CompHny Regi5ti'Hlion Number 08752389 Charity Regi5trstion Number 1156690 Audktoj. Mr David Sloggett F('.CA FCCA Mills Heiidy TIA Rise Audit 2 Beverley Cuurl 26 Eln)tl"Ee iload Teddingloii TWII 8SI- Page I
I mpire Fighting Chanee Tj'ustees, Report The tl'U5tees. who are directOT5 for the purposes of company law, present the annual report together with the rjnancial stalemeiits of (he charitable conipany for the yeai. ended 31 October 2022. Empire Fighting Chance have had anothei. excellent year, under iijcreasingly tough external cojiditions. We Irceived a Ircord niimber of IEfeTra15, which are also more complex than previous yeais. We have a150 seen changes in the Teferral reasons to us, knife crime and violen¢tr based ones have in¢reased. We a150 received backiiig fTOin funders. ¢orpoi2le and the local community. We are thankful for Ih¢ir faith and comiiiiltneiit to what we do. Aims Objeetiv¢s Fmpire Fighting Chan¢e is a registered charity and a company limited by guarantee. The legal frarnework is set out in the Men1017ndum & Articles of Association in¢orporated on 28th October 2013. The charitoble objectives established in the Articles of Association are follows.. To advance in life and help young people through the provision of re¢r¢Ational and l¢isur¢ time a¢tiviiies provided in the iiiteirst of social welfare. d¢sigTned lu improve iheir conditions of life and provi(lin¥ 5upporl #nd activities which develop their skills, capacities aiid capabilities lo ejiable tjieni to paiticipale iii society as mature and resw)nsible individuals. To help young people, especially but not exclusively through leisure time activities iii the fortn of amateur boxin& develop their capabilities that they may grow to full maturity as individuals and members of society- To act as a resource for young people up lo the age of 25 by providing advice ajid as5jslallce and organising physical and educational piDgrammes and other activilies as a means of.. advdn¢ing in life and helping young people by developing Ilieir skills, capacities and capabilities to enable thejn to paTticipate in 50cEety as indepeiidenl, malure and responsible individuals. advancing education., proffloting physical and metjtal health,. relieving unernployment., providing iecrcational and lei5urc tiine activity in the interests of Social welfare for people who have need by reason of their youth, 8g4 infirmity or disability, poverty or Social and ecollomic c11uTst8nCes, with a view to irnproving the condiiions of life of su¢h persons. To proTnote and protect the physical and mentsl health of persons suffei'ing froin illness or medical conditions of any de5criplioii oi. in need of rehabilitation ihrough the provision of physical and educational progi?mmes and other activities ajid by providing oi. a5sisling iii the PTovi¥ion of ¢quipin¢nL fatyililies, fiiiaiicial as5istr4nce. practical advicc ajid otlitt 5UPPOrt services. R¢¥¢$ Poliey aiid Going Coneei. The Board of Tivstees has examined the Charity's requiremejil for reserves in the light of the main risks to the oi'ganisalion. A large peirelltagie of Etnpire FiglitinB ClidnLe's in¢oine ¢oJn¢s from iiiulii-year. grants. As such. i'isks around fjiiance in Ilie sliorl lo Jnediuin lerjn air Ininimal. Page 2
Fmpii'e Fi%hting Chi)nee Trustees, Report Empl Fightiiig Chaiice'5 liabilities aTe also Inoderate, iaking into account those in respect of redund8n¢ies and pensions. These re5eiwe5 aT¢ appi-opriat¢ to Ixeet Einpire's working PildI reqiiii'cmenls, incliidittg any fiiliire at-risk costs for tlie next accoiinting period iii coiincctioii with our new ba.4ketb311 coiirt piDjeGI. Th¢ Exccutiv¢ ale ¢onfidcnt that, at this Icvcl. thcy woiild be able to continue the ciirrent A¢tivilTes of the Charity, taking it)io ac¢outii the risk of a significaiil drop in fuiiding. The Iru5tees are of Ihe view ihai Empire Fightitig ChdnLe is a goinu conLern. Plans foi. future pei'iods Icey strategic goals foi. the cojiiing pei'iod iiiclude growiiig our ability to trade and genei7t¢ unie511'icted income fi-om doiialion%, income attd evcnts, so divcrsifying income so Iheie is less i)f a reliance on grants theiefore strcngthcning our ind¢pend¢nce. We have in¢reased school sales and received mOlE public donatioti5. Operationally, Empire is close lo an optirnuin Size iii l¢m5 of people and ¢ultui'¢, and so our plans in this dire¢tion relate lo continuing to explore othei. ways to Scale our iinpaLt beyijnd eniploying ever-lnore fyont-liii¢ professioiials. Tlie developmenl of Iixiniiig, consiiliaiicy and caiiipaigning form parl of this, as do goals arouiid growing out iynpact for inclusivityldivei%ity aiid quality. Our partnership with England Boxing ha5 been very successful. So far. we have trained and supported 16 ¢lubs who have worked with over 2000 young people. They ale also Ljenerating their own incotne so we have created pIN)granime ihat will allow sustainable. transfoi'malioji delivejy for coJi)muJii1ses acros5 Ilie UK. We have pailicipat¢d in programmes aTound a global response to youth violence with organisations gcross the woi'ld thanks to thc 17 rooiiis initiativc. 'lThis ha5 Tesulted in multiple knowledge exchanges and a planned vtsit to one potential partner. Tlie r¢dev¢lopmeni of the outdoor bdsketbdll court cojilinues to progress well. followin¥ local consul(ations, we obtaned planjiing perinission in August 2022 for an iTEdooT sports liall aiid 38 affordable huusiiig units. That priiiiissioii also gyaiiled approval foi. u5 lo expaiid our existing preniises for miicli needed CktTa physical space. Wc are Currently n¢gotiattng a deal with a leading housiiig association who iiitend to purchase tlic sltc and graiit thr chaTlty a long-term lease on the indooi. sports hall and develop thc 38 affordablc hoincs foi. tlic local commuiiity. The proce¢d5 fruEn this sale will reimburse the costs incurred in obtait)ing the plannitig and sale of the development. {Tlie attributt(l incurred cost to Ihe new baskeiball ¢ouTi are £155,747 Jtid al shown in other debiorsl. 11 is recognised by tlie board Ilial Iliese cos15 iiiay i)ot be recoverable until the sale is satisfactorily coiiipleted. 'fhe bentfil 10 Ihc cliarity will bc an iiicirased capacity 51)ace foi. delivery of oiii. work witli a new itidooi. 5POTl% hall on a 999-year lease, increased capacity of our exi%ting biiildin8 for delivery of work aiid staff officc space and an extended leas¢ of the current buildtng In 35 years. We tontiniie to IEmaiii extremely gt'8teful 10 811 our siiyportcrs. iiicluding noi l¥dS¢ Brisiul City Council, ai)d all of our siakeholders, sponsors and donors. Page 3
I mpire Fighting Chance Tru5tees' Report Diselosui'e of infui'tnxtion to hud5tor Eacli triistee has ial(en steps that thcy oiighi to have taken as a trustee in order to make theniselves aware of any rclevaiit aiidit information aiid to establisli Iliat Ihc chai'ity's au(litor is #Wa of thal iiiforinalioii. Tlie Irust¢e5 coiifirin that IheTe 15 no relevant informatioji that Iliey know of and of wliicli they kilow the auditor 15 Iinaware. The an epon was approved by the trustees of ihe ¢hai'ity on 19 July 2023 and Signed on its behalf by.. vid Phillips Trvstee Page 4
Empire Fighting Chanee Statemeiit of Trustees, Re5pon5ibilitie5 The trustees (who air also the diie¢tOTS of Empire Fighting Chance for the purposes of cotnpany lawl are responsible for prcpai'ing the tiustees, repoi-t and the finan¢ial 8tateinents in accordance witli tlie United Kingdom Aecollnling Staiidards (United Kingdoni Gellerally ALiepied Aecountiiig Piaclicel and applicable law and iegulations. Coinpaiiy law requiiES the tivslees to piepare financial stateinents foi. each financial year. Under ¢ompany law the trustees miist not approvc the finaiicial SlateTnenis unless they are salisfjed that Iliey give a Iiue and fair view of ihe stale of affairs of the charitable coinpany aiid of its inconiiiig7 resouices and appliLdtioii of resources, required to.. select suitable accounting policies and apply them consi5tently' observe the method5 aiid pi'inciples in the Charities SORP. Inake judgements and estimates that are reasonable and prudent.. slate wheilier applicable UK Accounting Slandai'ds have been followed, subject to any material departures disclod and explatiied in the financlal stateinents., and prepare the finat]cial statements on the going ¢on¢erN basis unless it is in8ppropriate to presutne that the charitable company will contiiiue in busines5. The triistees are responsible fvr ke¢ping adequate accounting records that air sufficient to show and explain the charitable cornpany's tiansactOn$ and dis¢los¢ with ieasonable accuracy at any time the finanLial position of the chai'itable company and enable Ihein to ensui'e Ihat Ihe financi21 stateinellts cojnply with the Coiiipanies Act 2006. They aiE 8lso respojisible for safeguardiiig the as5et5 of the thai'itable company and hellce for takin8 reasonable steps for the prevention and detection of fraud and other irregulai'ities. mv y the trustees of the charity on 19 July 2023 and signed on it5 behalf by.. Trustee Page 5
Empire Fighting Chance Indepeiident AuditOi-'?i Report to the Menibers of Li mpii'e fi ightiiig Chance Opinioti We have aiidited the financial statement8 1)f Empire Fighting Chalice (the 'cliarity'l for the year ejided 31 O¢tobei' 2Q22. whicli compri5C the Stal¢ment of Finaiicial Aclivities. BalaiiLe Sht¢¢. StaiemeTII of Casli l.-lows, and Noles to the Fiiiaiicial Sialeinen15. including a sumniaiy of sigllificanl accountiiig pnlicies. -l-hc fiiiancial repoi1ing liamework Iliai has been applied in Ili¢ii' piepaialion is United Kingdom Accountiiig Stai)dards, cojiiprisiiig C.liaritie5 8ORP - FRS 102 'fhe Financial Ilepoi'liiig %tandai'd ai)plicable in the UIC aiid Repiiblic of Irclaiid, atid applicable law {Ilnit¢d Kirtgd(Im CJenci'ally Acccptcd Accountihg Pra¢licel. This repoi1 15 made solely to the charitable Lompany's trusiees, as a body, iii accordaiice with Chapter 3 of Part 16 of lh¢ Compani¢5 A¢t 2006. Our aEidit woi'k ha5 been undertaken so that we iiiiglit state to the cliarity's Iriistees Iliose iiiatteis w¢ ale reqiiired lo slate to Ilieni in an aiiditor's repoit and foi. no othei. piii'pose. To tlic fiillest exlenl perinitted by law. wc do not autpt or a88ume responsibility to anyone oth¢r than the charitable compaiiy aiid its ti'ustee8 a% a body, foi. oui. audit work. for this report, or for the opinions we have foTined. In our opinion the fiiiancial Stsl¢iiients'. give a triie and fair vi¢w of the state of the ch&rity'S affairs as at 31 O¢tober 2022 and of ils re5uIt5 fvr the year then cnded. lidve been piY)pei'ly prepared in accordance with Urtited Kingdom Generally Accepted Accounting Pi?¢tice' and have been prepared 511 accordanc¢ with the requirements of the Companies Aci 2006, BRsis for opinion WE cnnducted our Audit in accordance with International Standards oii Auditing (UK) {ISAs IUKII and applicable law. Oui. re%ponsibilitlCs uiider those standards are further described in tlie Auditor's responsibilities for Ihc audEt of the finan¢i81 statements section of OUT reporl. We are indepeiident of the cliarity in accoFdance with the eihical rtNuiremenis that are relevant lo our audit of the fin3nfjial stdteineiils in ilje UK, includiiig the FRC'S Etliical Siaiidard, and we liave fulfilled OUT Other etliical TeEponsibIlities in accordancc witli tlicse requireiiients. We believe that the audit evidencc we have obtaincd is sufficient and appropriate to providc basis foi. OUT OPTnion. coiiclusio115 relxtiiig lo going eoiicei'n We have iioiliitig lo report in respect of IhE follDwing Inalters in relation to whicli the ISA5 IIJK} Irquire us lo repoit lo you where.. Ihe Iru%tees iisc of the going ¢oncern basis of accounting in tlie prepardlion of the financial stJteinents is not appropriate., or the Irustecs have not di%clo8ed in the financial statements any identified material uncertainties that may cast 51gnificanl doubt about thc chai'ity's ability IO C()ntinuc to adopt tlic going Co¢¢1M basis of 8c¢outiiing for period of at least twelve nionihs from ihe date whet] the finaiici&l statements ait aulhorised for isslle. Other iiifoi'inatiTr The ISte¢S are responsiblc for the Dth¢i" iiiforination. Thc otlier iiiformation ¢ornprise9 Ihe inf()rmation included in tlic annual Icpoil, other than thc financial statemeiiiq and oui. aiidiioi s i'eport tlicjron. Oiii. opit)ion on Ilie rinancial statemenis doe8 noi covcr thc other inlonmation and, except to the exteiil oiherwise explicitly stated in our report. we do not express any forin of assurance conclusion Iliereon. Page 6
F.mpire Fighting Chance Independent Auditor's Report to the Members of E( mpire Fighting Chante In ¢onntction with oui" audit of the financial siatements, our responsibility is to read the other infoi'maÉion and. iii doing so. coiisidei. whether the other infoiThation is materially in¢onsislent witli tlie financial stateinents or oiir knowledge obiaiiied in the aiidit oi. oilieiwise appear5 to be Inalei'ially rnis5tat¢d. If w¢ id¢Dlify sucli material inconsisleiicies or appareiit inaterial Inisstateineiits. we are I'eqiiired to detei'iniiie whetlier there is a rnatei'ial mi%%tat¢ment in the financial stalcmenls oi. a matcrial misStatnent of th¢ other infoi'mation. If, based on the woi'k we have p¢rforiMed. we conclude that there is a materi81 misstatemeiit of Iliis oilier information. we are required lo rcport that fact. We liave i10thng to r¢poTt in tlii5 Irgard. Opinion on othei. matters pi'escribed by the Cornpanies Act 2006 In oui. opinion. based on the work undertaken in tlie course of Ilie alldit.. the infoi'malion given in the Trustees, Repoit foi. the financial year foi. which the finatL¢ial statements are PTepared is Coiisistent with the financial slatementg., and the Trustees, Repoit ha5 been prepared in accordance with appli¢able legal QUIreMents. Matters on Ivhi¢h w¢ al'e I'equii'ed to repoi't by ex¢eptioll In the light of our knowledgc and understanding of Ihc coinpany and its environment obtained in ihe wurse of the audit, we have not identified material Inisstateinenls in the Trustee5' Report. We have iioihiiig lo report in respect of the following matters wheir the Componies Att 2006 IEquires us to repoit to you if, in oiir opinion.. adequate a¢collnting recoixls have not beell kept, oi. returjis adequate foi. our audit have not been received froTh branch¢5 not visited by us. or the financial statements al not in agreemcnt witli the accounting records and returns., or certaiii disclosuir5 of ti'ustees remuiieraiion specified by law aiE not made., or we have no¢ Teceived all th¢ information and explanations wc rcquirc forour audit. RespoiJsibilitÉes of trLlStees As explained more fully in the Statement of Trustees, Responsibilitics Iset out on page 51. the trustees are responsible loi, the preparation of the fJnan¢ial statemenis and for being satisfied that they give a true and fair view. and foi. such iiiteTnal control a5 the truste¢5 determine is necessary to enable the preparalioji of fitiancial statemejils Ilial are free froin matej'ial mÈ55tateJneJil, whe¢li¢T due lo fraud or ¢i'ror. In PTepai'ing the finan¢ial statement%, the tru%tecs are IEsponsible for assessing the cliarity's ability lo contiiiue as going concern, disclosiiig. as applicable. niatiers related to going concern and using the going concern basis of awounling unless the trustees either intend to liquidaie the Gharity OF to Cease operaiions, or have no i'ealiglic alternative but to do so. Auditor'5 re5POrtsibilities for the audlt oftho fin#Dcig1 statements Our obje¢tiv¢s are io obtain IEasonable assurance about wliether the financial statements a5 a whole are free froin rnateTi#I misstatement, whether due to fraud or error, ajid lo issue ali auditor's i'eport tliat includes our opinion. Reasonable dsburaiiL¢ is a liigli level of assurance bill is iiol a guaraiilee ihat an audit condLlCted iii accordance with ISAS (UK) will always detecl a IDalei-i31 iiiissiatemenl when il exists. Misslalemenls can arise from fi'aud or error aiid ale considered material if, individiially oi. in the aggrcgatc, they could rcasonably bc expected to infliicnce the ecoiiornic decision5 of useis taken on the basis of these finan¢ial statements. As pait of an audit iii accoixlance with ISAS IUKI, we exercise professional jud8einet]l aiid inaintain pix>fessioJial sceptlC15m IliiDughoul the aiidit. We also.. Page 7
David Sloggett (Jul 25, 2023, 10:09am)
25 Jul 2023
Empii'e fi ighting Chance Statemeiit of Fi inAiicial ALtivities foi. the Yeai. li nded 31 October 2022 (Includiiig li)comL ajid Ei xpeniliture Account and StateIiient of Tutal Reeo&yIiised Gains and Losses) Unrestricted fuijds Resti'ieted flind5 TotAI 2022 Total 2021 Note Income Aijd Elldoivment5 fi'oin: Donaiions and legacies Other Irading aciivilies Other income 456.992 169,975 12,948 530.030 987,022 169,975 18,451 1,259,685 144,829 5,503 Total Income 639.915 535,533 1,175,448 1,404.514 Expenditiii'e on: Raising lunds Charitable activitie5 Other ¢xpenditur¢ 122,2261 1478.0921 1132.0171 122,2261 1983,652} 1143,385) 1505,5601 (11,3681 1882.9841 (361.9931 14 Total Expenditurc Othej. i'¢eogntsed gAins Aijd losses Net movement in funds 1632,3351 (516.9281 11,149.2631 11,260,058] 7,580 18.605 26,185 144,456 ReconcilLHtion of futhd$ Total fujids biUt foiward 604,432 72.300 676,732 539,184 Total funds carried forward 612,012 90.905 702,917 683,640 All of the ¢harity's activities derive from continuing operations during the above two periods. Page 9
I mpire Fighting Chance (Ilegistj-ation number: 087S2389) BalaJ)c¢ S1)eet a5 at 31 OLtubei' 2022 2022 2021 Iyote Fixed as5et5 'I'angible assets Debtors due within one yeai. Cash at bank and in hand 28,383 26,399 305.102 1,249.874 9,945 912,925 1,554.976 922,870 Creditors: Amount5 falling due wtthin one yeAr 10 (880.4421 1265.6291 Net Cui'rent Assets 674,534 657,241 Net assets Vund5 of the charity.. R¢$tricted funds IX>,905 72,300 Uni'estricted illcome flind$ Unie5tri¢t¢d funds 612.012 611,340 Total funds The financial statements on pages 9 to 17 were approved by the (rustees, and authorised for issue on 19 July 202 an ed oii theii. behalf by.. rDa ips Page 10
I mpire Figliting Chance Statement ofcash Flow5 for the Year Ended 31 Octobei. 2022 2022 2021 Note Cash flow5 Irom opeiAtiiJg activities Net cash income 26.185 144,456 Adjustinerits to cash flows fi'om iion-ca5h items Depreciation 14 9,156 8.799 35,341 153,255 Woi'kirtg tapitAI A(ljustmeiJ15 Increase in debtors In¢reaselldecrease} in Greditors 1295,1571 607,5 12,75 51 (117,4891 10 Net cash flows from opcrating activities 348,089 33,015 Casli flows fi'om investiiig Activities Purchase of tangible fixcd asset5 117,7651 Net increase in casli and Gash equivalents Cash and cash equivalents at l Novembei. Cash and cash equivaletjts al 31 October 336.949 15,250 912,925 897,675 1,249,874 912,925 All of the cash flows are derived from continuing operations during the above two periods. Page 11
riJmpire Fighting Chance Notes to the Finaiicial Statement5 for the Year Ended 31 October 2022 l Accoiirjting polietes SiimmAI'y of 5igiiificanl actoujiting polieies aiJ(I key Accoiiiiting e5tilli1eS Tlie prinbipal a¢ciiuntinu policies applied iii the prepai3iion of iliese fjnaiicial stateiiients are 5¢t out below. Tliese policies have been eoi)sistenily applied to all tlie years pre5¢11ted, unless oiherwise stated. Statement Of complianee 'I'hc financTal statement% have been prepared iii accordance with AOUntIng and Repoiting by Charities: Statcnicnt of Recotnmended Practice applicable lo chai'ities preparing their a¢tounls in accordance with the Financial Reporting Staiidard applicable in the UK and Kepublic of Ireland (FR% 102) leffeclive l January 20151- ICh&i'itits SOIIP IFRS 102}I, tlie I".inancial Repoiling Standard applicable in the IJK and R¢publt¢ of Ireland IFRS I02} 2nd the Companies Act 2006. Bgsis of pi'eparfifio Empsre FigThtin¥ Chan¢e meets the definition of a public benefit en¢lty iijidei. FRS 102. Assets aiid liabTITties are initially recognised at hisiori¢al cost or Iransaclioji value unless otheThvise Etated ift Ihc Irlevant accounting policy notes. Going LonLern The tiuslees consider that IherE are no material uncer(ainlies about the charity's ability to ¢ontinue as a going con¢ern nor ajiy significant area5 of uiicertainty that affect the carrying value of as5el5 held by the ¢harily. Income and endoivments All iiicome is recognised once the chaTity has entitlement to the incojne, it 15 pi'obable that ihe in¢ome will be received and the amount of the income Irceivable ¢an be measuird reliably. l)oirulioF15 uiidlegu¢ies Donations are re¢ognised whell the charity has enliilement to the funds, any performaiice coiidilion5 attached lo the donation has been me¢, il is probable that the incoin¢ will be ieLeived aiid the amouiil can be measuird sutTJcienily Irliably. li) the evenl thdt a donation is siibject lo coiidition5 tliat Irquire a level of performance by the chariiy before (lie charity 15 entitled lo the fundg. the incoine 15 dcfcri'cd and not recognised until eitlier those conditions are fiilly mct, or the fulfilment of those conditions is wholly within the Control of the charity and it is probable that these conditions will be fulfilled in the rewning period. Gropi15 receivoble GTant5 arc re¢obniised when thc charity has an entitlem¥nl io Ihe funds aiid any conditions linkeLI to the giBnts havc bcen met. Where pei'formaiice conditions are attched io the gi?iil aIid are yel to be met, the incoine 15 IEcogJiised as a liability Jrtd ineluded oji ilie balance slieel as dtfei-r¢d iiicon)e lo be released. xpendttiiie All expenditur¢ is r¢co8nised ojice there 15 a legal or ¢oiistru¢tiv¢ obligation lo thal exptjidilure. it is probable s¢ttleineiit is rcqRJii'ed lh¢ amount cati be iiieasured I'eliably. ASI COSIS ale dlloL4led lo Ihe applicable expendiiui'e lieading that aggTTegTaie sjinilar cogls to ihal calegory. Wliei'e c05t5 ¢aniioi h¢ diTeclly alli'ibiiled to parliculdr headiiigs Iliey have beeii alloc<tted on a basis cotisislent with tlic iise of r¢%oiiire%, with central staff cost5 allocated on Ilie basis of timc Spent, depir¢ia¢ion charges allocated on the portion of the assei's use. Othcr siipi)QTI costs are allocated bascd on thc spread of staff ¢osis. Page 12
I mpire Fighting Chance Note5 to tlle fi inancial Statements for the Year Ended 31 Octobei- 2022 RAislii¥fiiiids These are costs in¢iii'red irt attra¢ting volunlaiy incoine, the management of inveslments and those inciiii-ed in trading activitie5 that raise Iiind5. Support cost5 Suppvit C051S 111¢1ude ¢eniial fun¢iions an(1 have been allo¢aled to activity Cost cate¥ories on a basis Consistent with the use of resouires, for exainple, allocatiiig property cost5 by floor areas, or per capita, staff costs by the limc spent and other costs by their usage. GoverThance costs Tliese include Ilie costs attributable to the chai'ity's coinpliance with eonstitulional and statutoiy requirenients, in¢ludinx audit, strategic maiiagen1eiit and trustees's Iheeiing5 and rein)bursed expeiises. Government grAnt5 Govei'nrnent gTants are recognised based on the ae¢rual model and are measuTed at the fail. valiie of the asset received or receivable. Grants are classified as relating either lo irveniie or to assets. Grants relating to revenue are recognised iii incoine over the period in whicli the related costs are J'ecognised. Grants relating to assets are recognised over Ilie expected useful life of ilie asset. Whcre part of a grant relatiiig lo an asset is defei'j'ed, it is recognised as deferred income. Taxation The ¢harily is ¢onsidered io pass the iests set out in Paragraph I Schedule 6 of the Finan¢e Act 201Q and the1rfo it rn¢els the definition of a cliaritable company foi. UK corporation tax purp05¢s. Accordingly. the chaTity is potentially exernpl fiY)Jn laxatitsn In respect of in¢oine or ¢apilal gaiiJs Teceived within categories coveiEd by Cliapter 3 Parl I l of the Corporation 'l'ax Act 2010 01. Section 256 of the 'faxation of Chargeable Gains Act 1992, to the extent that such incomc or gains arc applicd exclusivcly lo charitable purposes. Taiigible fixed H55tt5 Indtvidual fixed assets cogling £0.00 or Inore are itiitially recorded at Cost, less any subsequent accumiilated d¢pre¢iation and 8ubsequent accumulated impaii"nient IcJ8ses. Dei)reciation aiid xnioi'lis%tioii Depreciation is prvvided on tangible fixed assets so as to write off the ¢ost or valuation, less any estimated Irsidual value. over their expected useful econoinic life a5 follows: Asset clAss Motoi. Vehicles Fixtures and Fitting5 Depiyciation method And rAte 25 1D Ileducing Balance 25 /0 Reducing Balance Page 13
Empii'e Fighting Chance Notes to the Financial Statements foi. tlie Year Ei nded 31 October 2022 Ti'ade debtoi's Trade debtors are amounts due from customeis foT Inerchandise sold oi. seiwi¢es performed in the ordinary course ofbusiiie9S. Trade debtors are ircogni5ed initially at (he Iraiisa¢tion pri¢e. They are subsequently Inea5ured at amortised cost using the effective inlcrest meiliod, less pi1)Vi5ion foT inipairment. A provision for the impairmcnt of tradc debtOTS IS established when Ihei'e is objcctivc cvidcncc that thc cliarity will not be able to ¢olle¢t all amounts due accoiling lo the original terms of the receivables. £155,747 lias been classified a5 Oihei. DebioiB and is asso¢ialed with the Basketball Court Project. Cash cash ¢quiv#l¢thts Cash 8nd ¢ash eouivalents comprise cash on hand and call deposits. and other short-term highly liquid investtnents thai aT¢ readily convertible to a known ainount of cash and are subject to an insignifi¢anl risk of change iii value. TrAde creditors '[ iade credi1015 are obligations to pay for goods or scivices that havc been acquiiEd in the OTdinary course of busincss froln supplsers. A¢¢ounis payable are Classified as current liabilities if the charity does not have an unconditional right. at the end of the reporting period, to defei. settletnent of the credilor foi. at least twelve months afier the IEPOrtitl8 dale. If tliere i5 an uncollditioiial I'iglht to defer settlement for at least twelve months aftei. tli¢ reporting date, they aiE presented as non-ciirrejit liabilitie5. Trade creditors are Ircogni5ed inilially at the iransaction pi'i¢e and subscquently mea5UTed at ainortised Cost using the effeclivc intcrcst method. Fund ti'uctLEre Unieslricled income funds are geiieral funds that are available for use al the trustees's discretion in furtherance of the obje¢lives of the charity. Restricted income funds are those donated for use in a particular arvd or for specific purposes, tlie use of which is i'eslricied to Iliat aiEa or purpose. 2 Income fi'om doTLAtLOIJ5 and leg#ei¢s Unt$tJieted fund5 Re5tJ'ict¢d funds TotAI 2021 General 2022 Donations and legacie5- Donations from individuals Regular giviiig and capital doiialions Grants. including capital giBnts' Governnieni grants Grants froin otliei. charitie5 162.220 116,4691 162,220 116,469) 98,200 9,185 ,152.300 530,030 841,271 Pa8e 14
Empire Fighting Chance Notes to the Finaiicial Statements for the Year li nded 31 October 2022 3 Income from othei. ti'Adillg Activitie5 Unirsti'icted funds TotAI 2022 Total 2021 Genei'al Tiwding income. Sales of goods and sei'vices 169,975 169,975 144,829 4 Othei. incoine Unre5ti'icted fuijds Total 2022 GeneJ'AI Reiital incotne 5 AnAlysis of governance atld 5UPPVrt costs Govei'nance c051s Unresti'icted funds Restricted luijds Total 2021 Geiieral 2022 StafY¢osts Wages and salarie5 Social security costs Other staff costs Professional Fees Depreciatioii, amort15ation and other similar costs OtheT governance Costs 222,472 52,713 8,638 163,309 505,560 728,032 52,713 8,638 163,309 665,910 53,398 6,546 137,644 5.887 10.Q36 5,887 10,036 4,441 5,535 6 Gi'aiJt-makitLg Analysis of ¥r#nls Thc support costs a5s0¢iated with grant-making are £Nil (31 October 2021- £Nil). Page 15
Empire fi ightiiig Chance Notes to the Financial Statements for the Yeai. Ended 31 October 2022 7 Staff costs Tli¢ iiioiiihly average iiumbei. of persons lineluding senioi. maiiageinent team) employed by the charity durin8 the year expressed as fiill liine equivlllenls was as follows.. 2022 2021 Employees The iiuniber of etnployee5 whose emoluments fell within the following bands was: 2022 2021 £60.001- £70,000 £70.001- £80.000 8 Tangible fixed a55ets Fui'rbiture and equipnjent Motoi. vehicle5 Tot81 Cost At l November 2021 Additions 27,765 32.012 59,777 At 31 O¢tober 2022 38,905 32,012 70,917 D¢pretjAtion At l November 2021 Charge foT the year 10.000 5,887 18.937 3,269 28.937 9,156 At 31 October 2022 15.887 22.206 38,093 Net book valile At 31 October 2022 23,018 9,806 32,824 At 31 October 2021 17.765 13,075 30.840 9 Debtors 2022 2021 Trade debtors Prepayment% Otlierd¢btors 145.755 3,6QO 155,747 9,945 Page 16
Empii'e Fighting Chance Notes to the Finaiicial Statements foi- the Year Ended 31 Octobei. 2022 10 Creditors: amoiints fHlling dut iyithirb on¢ y¢ai' 2022 2021 Tizd¢ Creditors Otlier credstors Awruals 14.089 84GJ12 20.041 256,089 9,540 I I ChArity 5tatlLS The cliarity is limited by 8uarantee. IllCOTporated in England. and consequently does not have share ¢apilal. Each of the Irkislees is liable lo contribute an ainoiint not exceedin8 £Nil towards the a55ets of the chaTity in the event of liquidation. 12 Related party trans#ctlons Durijig the year the charity made the following related party kn7nsactions'. Bristol Boxiijg Limited (Jatnie Satll8ai' Seiiior Ejnployee of Empire Fighting Challce) Providing a Sessional Staff MernbEr ai aims length valiie. At Ihe balance sheet dale the amoiint due tolfrom Bristol Boxing Limited was £Nil Bristol Roveys Communtty Ti'ust (Marlin Bisp- Seiiior Einployee of Einpire Figh(ing Chance) PJY)viding Boxiiig and Menloi'iiigj 5UPPOIt a5 part ora B TEC L¢v¢l 3 diploma in Ihe 2020121 academic year for 3 pupils at ainis length value.. Ai tlie balaiice sheet date (lie ainount due tolfrom Bii5tol RoveT5 Community Trust was £Nil . CS Boxing Litnited {Jainie SaiiigTar- S¢nioi' Employee of Empire Fighting Chancel Pi'oviding equipment and coach hire diirillg the year at arin5 length value. At the balance 5he¢t date the arnount duc tolfrom CS Boxing Limited was £Nil . 13 Taxatlo The Gharity is a registered charity and is therefore exempt fiY)m taxation. 14 Other expenditui. Re5ti'icted funils Total 2022 Total 2021 Note Depircialioii. amoilisaiivli and other similar ¢osls Other resources expended 3.269 3,269 4,358 2,418 Page 17
Issuer Bradbury Stell Document generated Fri, 21st Jul 2023 13:41:19 BST Document fingerprint 6149c891cdce04f3321746a1fae83bf0
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