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 c11￿uT￿st8nCes, 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 obta￿ned 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 disclo￿d 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 tiansact￿On$ 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 I￿Ste¢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 misStat￿nent 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 i10th￿ng 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 bi￿U￿t 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 e5tilli￿1eS 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 A￿OUntIng 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 att￿ched 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