Company Registration Number- 08752389 The Charity Registration Number is 1156690 Empire Fighting Chance Report and Accounts For The Year Ending 31 October 2024 EMPIRE FIGHTING CHANCE
Emplre Fighting Chance Report and accounls for the year ended 31 October 2024 Contents Page Trustees, Annual Report Statement of director and trustees. responslbllltles Indep9ndent Audltors. Report 11 Funds Slatem6nts.'. statement of Financial Activities 15 Statement of Financial Activities - Prior Year statement 16 Resources applied in the year towards fixed assets for Charity use Movements In funds 17 18 Income and Expenditure account 19 Balance sheet 20 Cash flow statement 22 Notes to the accounts 24
EMPIRE FIGHTING CHANCE mpire Fighting Chance Trustees Annual Report Year Ended 31 October 2024 The Trustees present their Report and Accounts for the year ended 31 October 2024, which also comprises the Dire¢tors' Report required by the Companies Act 2006. A. Reference and Administrative Details The charity name is Empire Fighting Chance. It uses no other name. It is an incorporated charity. The charity rcgistration number is 1156690. The cotnpany registration number is 08752389. Th¢ principle office address (and the registered office) is.. The Mill LowerA&hley Road Bristol BS5 OYJ The charity directors who served between 01 November 2023 to date are . Mp. Alexander Campbell Dr Simon Ngwiti MrDavidPhillips The charity trustees who served between 01 November 2023 to date ar¢ '. MrAlarander Campbell Dr Sipp70n Newilt Mr DavidPhillips Ats Chai'lolle Leslie Mr crPin Busk The senior members ofstaff fteypersonnel) ofihe charity are .' Mr Marlin Bisp (ChiefExeculive Officei) Mr Jamie Sanigai. (Chief Opeialions Officer) The bankers are Lloyds Bank PLC. The property consultants and surveyors are 3Sixty Real Estate The accountallts are Sm8rties Bookeeping Bristol Limited. The auditors 8re Sloggetts. Hillcresl, West Lydford. Somertoll. TAI16DS. B. Structure, Governance and MaD8gement The company is registered in England and Wales. The company is & private limited company by guarantee without share capital and has thc use of 'Limited' exemption. The company mernbers have each guaranteed ten pounds on a Willding up of the charity. The member8 are '. Mr Martin Bisp Mrjamie Sanigar The incorporation document (memorandum and articles of association) is publioly available at Cornpanies House under filing history, 29 October 2013 hiips.'//find_and_update.company-inj017nalion.service.gov.uk/company/08752389/filing-hisloiy.page=2 The charity governing document is available from the charity. An extract of it object5 is available at ihe charity conunission .' hrips.'/lregisler-of-charities.charEtycommi3sion.gov.uk/en/charity-search/-/charity- delails/5045354/goveYning-documenl When the charity needs lo recruit new twstees, the existing trustees will find suitable candidates from their contacts or, advertise the role if necessary. New trustees will be offered whatever training they require to fully equip them for the role. The charity's trustees nieet periodically to asscss the po8ltion of the charity, challenges faced and to set a strategic direction. The charity's CEO is responsible for delivering the trustees vision in ils day-to-day operations. The trustees are responsible for setting the remuncration packages of the key personnel identified above. The CEO sets the pay of the senior team with approval from the board. The senior team rccommcnd pay rises for their teams based ot] performance with executive approve and forward to board for final approval.
EMPIRE FIGHTING CHANCE C. Objectives and Activities The charitable objects are "1.5 THE CHARITVS OBJECTS('ORTECTS') ARESPECIFICALL YRESTRICTED TO YFJEFOLLOIVG.. 1.5.1 foADYANCE INLIFEAND HELP YOUNG PEOPLE THROUGH.. (I) THE PROVISION OFRECREA TIONALANDLEISURE fiME ACTJTrYTIESPROP7DED N THEINTERESTOFSOCJAL IYELFAREDESIGNED TO IMPROVE THEJR CONDITIOAIS OFufE,. (11) PROP7DNG SUPPOR TANDACTIP7TJES NYHICHDEVELOP fHEIR SKILLQ CAPACJTIESAND CAPAJIILITJES TOENABLE THEMTOPARTICIPA TEIN SOCJ£TYAShufuREAND RESPONSIBLENDJVJDUALS,. 1.5.2 TOHELP YOUNGPEOPLE, ESPECL4LL YBUTNofEXCLUSIVEL Y THROUGHLEISURE TlhlEACTIVITJES IN THE FORMOfAhUTIUR BOXING, SOAS TODEJfLOP THEIR CAPABILITIES THA TTHEYh£lY GROW foFULL h(4TURJTY ASJNDIVIDUALSAND A4EhlBERSOFSOCJETY,. 1.5.3 TOACTASA RESOURCEFOR YOUNGPEOPLE UP TO THEAGE OF2J BYPROTrTDJNGADVICEANDAssisfANCEAND ORGANISJNG PHYSICALAND EDUCA TIONAL PROGRAMMESAND OTHERACTIVITIESASA MFANS OF.. (J) ADVANCINGJNLifEANDHELPJNG YOUNG PEOPLE B YDEVELOPING THEIR SKILLS. CAPACITJESAND CAPABILITJES TO ENABLE THEMTOPAR TJCIPA TEINSOCIETY ASINDEPENDENT. h£lTURSAND RESPONSIBLE JNDIFIDUALS.. (JJJ ADVANCINGEDUCAfJoN.. (IJI) PRoMofJNG PHYSICALAND MENTAL HEALTH,. (Jlg RELIEP7NG tINEhlPLOYMENF, (Ig PROVIDJNG RECREA TJONALANDLEISURE TIMEACTIVITYJN THEJNTERESZS OFSOCL4L IYELFAREFOR PEOPLE JVHOHA VE NEED B YRC.ASONOF THEIR YoirrH, AGE, INFJRMITYOR DJSABILJTY, POVERTYOR SOCIAl.D ECONOMIC CIRCUMSTANCES, IYTTH A VJEIVTOJMPROVING THE CONDITIONS UFLIFE OFSUCHPERSONS,. AND 1.5.4 TOPROMOTEANDPROTECTTHEPFJYSJCALAND MENTALHEALTH OFPERSONSSUFFERING FROMILLNESS OR h4EDICAL CONDJTIONSOFANYDESCIUPTJON OR INNEED OF REHABILJTA TION THROUGH THEPROVISIONOFPHYSJCALAND EDUCATIONAL PROGLIMMESAND OTHERAcTIrI£sAVD B Y PROV7DNG ORASSISTINGIN THE PRUVJSJONOFEQUIPMENT FACILITIES, FJNANCIALASSISTAVCE, pCTICALADY1cEAND OTHER SUPPORTSEA VICES. 1.6NofHINGJN THEAR TJCLESSHALLALTHOJUSEANAPPLJCA TION OF THEPROPERTYOF THE CHAIUYYFOR PURPOSES IVHICHARENOTCHAturABLEINACCORDANCE JYJTHSECTION 7 OF TH8 CHARifJ8sAND TRUSTEEINVESThffMT (SCOTLAND)ACT2005AND/OR 5ECTION2 OF fHE CHARITIESACTrWOR THERAtJREL4NDJ 2008." The chari asa arlo a wider network The charity parLicipates in national. international and wider city networks trying to influence policy decisions, create collaborative working cultures and impact the lives of young people. All of its operations occur in the UK. The main aclivilies undertaken in relalion lo ihoNe ob ectIV durin Ihe i'iod We have created our own unique approach to belp young people make a substantial and lasting cbaDge. This has been done by embedding cutting edge psychology, therapy and intensive personal development into non-contact boxing sessions within structured programmes featuring non-contact boxing, psychological education and mentoring. Young people learn how to box and in between physical activities we embed powerful. evidence-based psychological principles to create healthier thinking. We believe that sport clears the mind. thc physiological cbanges allowing psychological ones to occur thus CatIng a positive learning state. Among many thing8, young people learn how to reduce anxiety through accepting negative emotions are transient, bouncing back after failures and controlling their anger. Through mentoring young people build the foundations for good physical and melltal health, including a sense of purpose, regular physical activity, a healthy lifestyle and positive relationships. Young people with more acute issues participate in Europe's first Box Therapy programme. Based in our gym. a qualified therapist weaves in therapy while coaching boxing. Thcy focus on supporting young people to self- regulate, manage their emotions and change negative ways of behaving. This allows individuals to cathartically cxpress themselves to process difficult experiences. They engage far quicker than traditional talking therapy. We trallsition young people lo weekly open access boxing sessions and other services, including a weekly boxing training and therapeutic space for young peoplc cxperiencing mental health issues. This is an important step in building resilience and maintaining their improved well_being. We have also developed a national nettvork of organisations that that we train and support to deliver Boxchampions and BoxTherapy programmes.
EMPIRE FIGHTING CHANCE The 'Powered by Empire, network has 45 amateur boxing clubs, 32 youth. sport and therapeutic delivery organisations that include- Youth Justice Services Active Partnerships Professional football foundations NHS- Children and adolescent mental health services (CAMHS) Since June 2022 these partners have raised in excess of £2.5 million from sales, grants and fundraising, and worked with over 15,000 young people. We are making these orgAnisation8 sustainable, within their own communities therefore ensuring lasting change. The Nhorl and lon ei. lerm aims andob eclives Our objective for now and over the next three years centre on us being better. ensuritig we can help young lives flourisb. Our five priorities are: Establish a global centre of excellence. Step up for our community Share our work nationally and internationally Stand up for what we believe Get fit for the fight The chari sfrale zes or achievin its aims and ob eelives We have set five goals that will guide our work over the next the years. For each goal we have developed a series of tactics to achieve it.
I ESTABLISH A GLOBAL CENTRE OF EXCELLENCE IN BRISTOL
Everything we do will start with our work in EBSton. From our boxing gym in the heart of our community, we'll continue to innovate, learn by doing, develop evidence of what works, and share all of this with others who are fighting the same fight. We aim to develop approaches that are recogllised around the world for tbeir power to make significant and lasting improvements to young people's lives. We will.. Make continuous improvements, rooted in the Empire Way: We'll work relentlessly to make big d stnall changes to our work lo incrcase our impact on young people. We'll do that whilst constantly staying true who we are and what we know works. Become more data driven: We'll push boundaries to strengthen the intelligence wtt gather from the streets, young peopl¢. our delivery) cxperts and academics. We will use that lo Icarn. drive improvement, and prove that what wc do works. Take all our current programmes to their full potential: Wc'll work towards getting all four of our programmes operating at thc right scale, maximum impact. and to a standard where we're confident to Share them with other organisalions. Reach optimal capacity.. We'll increase the number of young people wc support in Bristol, lo a level that we believe is optimum for our culture, quality of work, place it] the community, and financial sustainability. Tronsform our boxillg gym: We'll develop our gym lo provide young people and the Empire team with the environment they need to do great work and to enable us to properly showcase and share our work witb partners from around the world.
EMPIRE FIGHTifiG CHANCE
2 STEP UP FOR OUR COhtMUNITY
We will take on greater responsibility in our local community and other working class communiti¢s a¢ross Bristol. We'll invest in, collaborate and share with these communities to collectively move fonvard. By doing so. we'll help to create places where their young people hav¢ a better chace of realisillg their full potential. We will: Become more connected: We will contribute more to local strategies and partnerships. and we'll create a more comprehensive range of referral relationships to help young people access broader, more joined-up support. Shgre our knoivledge wlth others fin young people's ]ive5: We'll develop a range of ways to sbare our expertise with parents and carers, schools and others wbo are important in young people lives, to make us all more effective. Share our spaee with others who can help: We'll create space within our new building for other local organisations who can provide additional support to Ihe young people we work with and their famili¢s. Sharpen our focus on those who need us most: We'll increase the work we to do to eDgage and support young people who are outside mainstream services and without advocates in their corner. especially those affected by crime and violence. Increase opportunities for talent in our communities: We'll continue to prioritise jobs at Empir¢ for people from Bristol's working-class communities and expand our network of employers who can offer young pcople opportunities. We will also promote our belief in the importance of increasing working- ¢lass leadership in our sector to our partners across the city.
3 SHARE OUR WORK NAT10Tr4ALLY AND INTERNATIONALLY
We will step up our efforts to impact more young people. We'll do that by 0wIng a movement of organisations Using our work in their communities, rather than growing Empire itself. We'll expand our network of trained partners who are delivering our approach in England and Wales and consider working in Northern Ireland and Scotland. And we'll use the growing interest in our work from across the world to explore how best to sharc our work with partners in other countries. We will: Develop our nehvork of trained boxlllg clubs: We'll continue to grow the number of boxing clubs we have trained, strengthen our package of support. differentiate our offer to clubs of different shapes and sizes. and deepen relationships with those clubs that we think we can make the most impact with. Strengthen our approAeh Rn South Wales: We'll increase our presence, range of programmes and impact in the region. We will collaborate more extensively, including with companies who can offer young people opportunities. We'll make our work in South Wales self-sustaining and explore whether our improved model could be used in other places. Explore neiv Jvays to rexch young people: We'll explore the potential to scale our work through different models and non-boxing club partners. We will continue to pilot our model in North Wales, which includes us working alongside Wrexham Youth Justice lo deliver lo young people as an alternative to a custodial sentence. Share more Empire programmes: When Box Junior5. Box Therapy and Box Careers are running to their fijll potential, we will document and share them with our network of traincd clubs and other organisations who can use them to support young people in their communities. Pilot iyorking internationally: We'll continue to work with global supporters to explore how best we can shale our model overseas. We will develop an approach that works for partners overseas as well as for our work In the UK. And we'll pilot that approach in a small number of countries.
4 STAND UP FOR WHAT WE BELIEVE
EMPIRE FIGHTING CHANCE We will find our voice and be¢ome a more outspoken organisation. We will seek out opportunities to stsnd up for our Beliefs, and aim to influence audiences in Bristol, the UK and internationally on issues that affect young people and our ability to support them. We will.. Grow our influence: We'll significantly increase our profile at a national and global level and strengthen our credibility by becoming a leading voice on youth violence and other issues experienced by young people from working class commulllties. We'll use our increased influence to achieve changes that benefit young people and our community &nd to scale our model and promote our partners. Stand up for young people: We'll be in young people's corner to fight the injustice that they face. We will consistently portray young people as individuals with strength and potential. And we'll provide platfortns for them lo share their stories and ideas to influence the world around them. Stand up for our eommullity: We'll raise awareness of the issues that impact young people in working class communities in Bristol and beyond, and we will call for the changes that we think are needed to improve their lives. Stand up for our model: We'll advocate for our approach to be used across more locations in the UK and globally. We will promote why it's relevant for young people from working class communities, and we'll call out the issues that limit our work and that of others. Stand with our partners: Wc'll promote the organisations who are delivering our work, and we'll advocate for the potential of boxing clubs and ottlcr grassroots organisations lcd by working class ¢ommunity leaders to deliver social change.
5 GET FIT FOR THE FIGHT
We will strengthen our organisation on several fronts so that we're equipped to do the best job we can for young people in realising this strategy. Because the change we want won't happen overnight, we will build an organisation for the long haul. We'll make these changes with a constant commitment to retaining what makes us Empire Fighting Chance. We will: Increase young people's power: We'll provide more opportwiities for young people to shape and lead our work. We will develop a richer picture of young people's experience at Empire and use this to make improvements lo our work. And we'll employ more of our young alumni and creale a youth leadership programme for young people to take our knowledge into their streets, schools and homcs Grow illcome sustainably: We'll grow our income in a way tbat we can maintain in the longer term. We will diversify our income by securing grants from multiple sources. increasing the income that we eam from schools, growing our income from individuals, companies and events and exploring new income generating ventures. Invest in the Empire Team: We'll increase training for our people on issues that specifscally affect the young people we work with. We will back high perfonners and invest in areas that are vital for our future, including advocacyj data analysis, collaboration and working inlernalionally. We'll ensure that we continue lo have a young, diverse delivery team with lived experience of tbe issues young people face. And we'll continue to take care of our team by ensuring that Empire is a place where people can develop and feel supported and recognised. Sharing leadership: We'll develop leadership roles and re5pon8ibilities across Empire. support people to thrive in those roles, and sh&re strategic and operational leadership with a stronger Senior Management Team. How the activitie5 undertaken during the year contributed to the achievement of the aims and objectives. Our work seeks to improve how young people think and behave. We work towards young people achieving five long term outcomes so that they can realise their unique potential. These are= good mental health. reduced risky.
EMPIRE FIGHTING CHANCE criminal and anti-so¢ial behaviours- engagement with education, healthy relationships and sustained employment. We have developed a multi-layered, person&lised programme since our target group has multiple, complex ueeds. Each eletnent creates positive changes that ¢ombine to achieve our outcon]es and impact.. Boxing enables young people lo- make physiological changes to boost mental wellbeing. manage anger, and improve self_esteem and confidence as fitne85 and boxing skills increase Mentoring and psychological education enables young people to. develop a sense of purpose and higher a5piration8' manage mental ill-health symptoms. build psychological resilience. take steps to reduce involvement in risky and anti-social activities (e.g. leaving a gang). impmve social networks, and strengthen relationships with parenlslcarers Box Therapy enables young people to improve how they 'self-regulate' to better manage emotions and change negative ways of behaving Box Careers sessions give young people greater purpose, making school relevant and stsying out of trouble more in]portant Our Theory of Change is built upon an ongoing process of testing, evidence gathering and learning. It also reflects rescarcb that has found correlations between issues experienced by young people (e.g. youth offending) and the absence of outcomes our project seeks to achieve. Unlike other youth services, our work offers an opportunity to participate in sport and gain support in ways that feel natural. By having an enjoyable, non-stigmatising experience, young people turn up, trust us and are motivated to make challges in tbeir lives. Boxing offers several other benefits. including itnproved physiology, increased self-efficacy through rnastery and opportunities to make friends. Resoui'ca¥ used in the aclivilies underlaken duri the ear We have a team of 38 people working towards our strategic ambitions. The conli'ibulion o volunteers durin Ihe ear We use a small number of dedicated volunteers who make a huge difference to the young people we work with. These help in activities as wide ranging as sessional delivery through to marketing and fundraising. A number of young people who we have supported come back to volunteer and support what we are doing, especially around advocacy. D. Achievements & Performance The pp7ain achievemenls and orniance o Ihe ehori We supported 3170 young peopl¢ with direct delivery. durin Ihe ear. The partners have worked with 7265 young people across the UK. Boxchampions.. 840/0 feel more confident 81 % felt more resilient BoxTherapy 99 /0 enjoyed box therapy 83 /0 felt more resilient 830/0 improved their mentsl wellbeing The de Ee to which rhe achievemep71s ap7d er oiThance dui'in Ihe ar have bene Iled wider socie We have done a SilfIcant amount of work to tackle iticreasing violence within our ¢ommunities.
EMPIRE FIGHTING CHANCE We have been an inaugural member of the Prime Minister's Knife Crime Coalition and the Secretary of State for DCMS'S Youth Strategy being represented by a yowig persoll employed by Empire Fighting Chance. We are fighting for change. Empire Fighting Chance is also pushing for a different, regional approach to violence prevention to be rolled out. We have scen models elsewhere that work and have been proven to prevent violence. Bristol has to be better. How the achieveTnenls durin Ihe ar measuie to ihe ob ectIV set. We have met all the objectives we intended to through the company year. E. Finan¢ial Review Inaneial olicies The cbarity aims to keep enough cash to maintain its current level of operations for six months plus, any cash reserved for capital projects. Review o ormonce The Board of Trustees has examined the charity's requirement for reserves in the light of the tnain risks to the organis&tion. A large percentage of Empire Fighting Chance's income comes from mul¢i-y¢ar. grunts. As such, risks around finance in the short t() medium terni are minimal. We currently have a much larg¢r casb reserve than our poli¢y but this has been largely fuelled by the sale ofthe basketball court lo Sover¢ign housing and grants received during the previous Couple of years that are being used to develop the side aDnex¢. This ba8kelball ¢ourt scheme will cwte an indoor sports facility on the ground floor and 35 social housing flats. The trnstees chose Sovereign housing to ensure that the development would work alongside our charitable objective5 and allow families to slay within their own community. Bmpire Fighting Chance will not be responsible for or have any fiuther incom¢ from tbis developmenL The one-off donation from Sovereign will be used to help develop the annexe and repair the roof of existing building whi¢h is estimated to b¢ approximately £150k. Th¢ annexe is an important step in allowing us to meet the wider needs of families using our services. It includes a 'Therapy' gym, espIallY positioned so thos¢ who fmd it difficult to a¢eess one of the current spaces during busy times will b¢ able to benefit from our s¢rvice8. Additionally, the ground floor space will be Communal, allowing us to offer, free of charge. rooms for thos¢ that can help us provide wrap around services to young people and their families. Empire Figbtlllg Ch&nGe's liabftliÈies are also moderate, taking into a¢count those in respect of redundancies and pensions. These reserves are appropriate to meet Empire's working capital requiremeJ)ts, including any future at-risk costs for the next accounting period. The Executive are confident that, at this level, they would be able lo continue the current activities of the Charity, even if there was a significant drop in funding. The trustees are of the view that Empire Fighting Chance is a going concern. We also believe that we have adequate unrestricted and restricted reserves split to service what is needed for the ture. We. like most organisations, are conscious of increasing costs and the difficulties in attracting donations and grant rnoney. We have created different approaches to mitigate these and are confident that they allow us both freedom and ability to move fonvard. There are no material plans expected lo affect perforn)ance next year.
EMPIRE FSGHTING CHANCE F. Fundraising Fundraisi aclivitieN duri Ihe ar All fundraising is carried out in house. The fundraising policy is set out by the CEO. The CEO has not informed the trustees of aDy breaches of the fundraising policy. We run events, including an annual quiz, corporate training days and we are supported by people fundraising by holding events such as golf days or by participation ill Iok nll. The er ormance o malei'ial ndraisin aclivzlies durin the eara ainsi ihe ndraisin ob eclivay sel Grants exceeded expectations and events, corporate and public fundraising met budget. G. Plons for future periods In addition lo the plans for the development of the useable space at the charity's core operations centre detailed above, Empire will look at different ways of measuring our impact and working in more depth with those that need our support the most, especially through creating partnerships across Bristol. We are looking to increase our advocacy, especially around how boxing is a powerful tool for social Change. Part of this will be through our scale work with partners across the UK campaigning against urban violence and the increasing catrying of knives. This will be done alone. with the boxing club nettvork, standing alongside colleagues such as Don't Stop your Future and continuing to be an active part of the Prime Minister's Knife Crime Coalition. Through a Ibree-year partnership with Matchroom Boxing and the Malchroorn Foundation we intend to work with another 60 boxing clubs, helping with sustainability and increased social impact. This is an exciting time for Empire, we stand apart and always have because we think and act differently. With the continued integrity, energy and commitment of our staff and support and challenge of partners will continue to challenge and ensure our voice is heard. We will continue to push for an implementation of an Office of Violence Prevention across the region, we should and musl do better around urban violence. H. Staternent of Responsibilitles of the Trustees The charity's trustees (some of whom are also directors of tbe charity for the puryoses of company law) are responsible for preparing the trustees, report and the financial statements in accordance with the lern]s of th¢ Companies Act 2006, The Charities Act 2011 and the Charities (Accounts and Reports) regulations 2008. Notwithstanding the explicit requirement in the extant statutory regulations, the Charities (Accounts and Reports) regulations 2008 10 prepare the financial statements in accordance with the SORP 2005, in view of the fact that the SORP 2005 has been withdrawn, the trustees determined to interpret this responsibility as requiring them to follow current best practice and prepare the accounts according to the FRS 102 SORP (Statement of Recornmended Practice for Accounting and Reporting by Charities) 2019, applicable to all accounting periods beginning on or aftcr 01 January 2019. (The SORP) In particular, The Companics Act 2006 and charity law requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charity and of the income and cxpcnditure of the charity for that period. In preparing those financial slalements Ihe trustccs are required to.. To prepare accounts in accordance with United Kingdom Generally Accepted Accounting Practice (united Kingdom Accounting Standards and Applicable Law),. and Select suitable accounting policies and then apply them consistently. and Make judgements and accounting estimates that are reasonable and prudent. and
EMPIRE FIGHTING CHANCE Prepare the financial statements on the going nCern basis unless it is inappropriate to presume that the charity will continue in operation- and State whether applicable accounting standards and statements of re¢ommended practice hv4ve been followed. subject to any rnaterial departures disclosed and explained in the financial statements. The law requires that the ttW8tees must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of tbe charity and of its surplus or deficit of the charity for the year. The ttustees are responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which enable them lo ensure that the financial statements comply with the Companies Act 2006 and comply with regulations made under the Charities Act. The trustees are also responsible for safeguarding the assets of the charity and hcnce for taking reasonable steps for the prevention and delection of fraud and other irregularities. The trnstees are responsible for the contents of the Trustees Report and the statutory responsibility of the auditor An relatioll to the trustees Report is limited to examining the report and ensuring tbat the report 18 consistent with the figures disclosed in the financial statements. In so far as the trustees are aware.. There is no relevant audit infomiation of which the charitable company's auditors are unaware. and Th¢ trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit infomiation and lo establish that the auditors are aware of that inforniation. The trustces are responsible for the maintenance and integrity of the corporate and financial itrformation included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. Members of the charity guarantee to CODtribute an amount not exceeding £10 to the assets of thc charity in the event of winding up. The total tLumber of such guarantees at the signing of this report was 2 (2023- 2). The trustees that are members of the charity are entitled only to voting rights. The trustees have no beneficial interest in the charity. I. Method of preparation of the aceounts Me¢hod o ai'alion o aecounls - SINall Coin an The financial statements are set out on pages15 to 43. The financial statements have been prepared implementing the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2019, applicable to all accounting periods beginning on or after 01 January 2019 (The SORP), and in accordancc with thc Financial Reportillg Slarldard I02 (effective 01 January 2016). These fanCIal ststements have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006, applicable to companies subject to the small companies regime. rovisions J. Auditors David Sloggett FCCA is the senior statutory auditor acting on behalf of Sloggetts Limited (Trading as Sloggctts). Thc fm wa5 appointed as the charitable company's auditors on I l May 2024, and have expressed their willingness lo act in that capacity. K. Statement as to disclosure of Information to auditors Thc trustees state that so far as eacb of the trustees at the time this report was approved are aware '. There is no relevant audit infonnation (as defined by section 418(3) of the Comllpanies Act 2006) of which the auditors are unaware, and The trustees have taken all the steps that they ought to have taken lo make themselves aware of any relevant audit infom]ation and establish that the auditors are aware of that information.
EMPIRE FIGHTING CHANCE L. Approval Approved by the truste¢s on (Signed) (date) 10
Empire Fighting Chance Emplre Flghtlng Chance Independent Auditors, Report to the Trustees of the charltable company on the accounts for the year ended 31 October 2024 Introductlon We have audlled the financial statements of Emplre Flghllng Chance for the year ended 31 OclobeT 2024. as set out on pages 15 10 43, which comprlse th8 Slalement of Financial Aclivilies. the Income and Expendllure Account, the Balance Sheet and the related notes lo the financial slalemenls, Includlng a summary of signili¢anl accounting policies. In our opinion, the accofflpanying Ilnanclal slalements of the ¢harilable company are prepared. In all material respects. In accordance with the Companies Act 2006 and with charity law appllcable wllhin thè jurisdiction of England & Wales and, in particular. the accounts have been prepared In accordance with FRS 102 SORP (Statement of Recommended Pracllc8 for Accounting and Reporting by Charities) 2019, appllcable to all accounting perlods beglnnlng on or after 1 sl January 20191. (The SORP), publSshed by th8 Charity Commission in England & Wales ICCEW) under the historical cosl convention, and in accordance with the accounting policies sel out on page 24. whlch framework conslilules the applicable United Kingdom Generally Accepted Accounting Practi. Llmllatlon of Ilablllty Thls report Is made solely lo the Trustees of the charitable company, as a body, In accordance with the requirements of Section 154 of the Charllies Act 2011 (The Acll. Our work has been undertaken so that we might stale to the Trustees those matters we are required lo slate to them In an Audltor's Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume liability or responsibility lo anyon8 other than the Trustees as a body, for our work, for this report or for the opinions we have formed. Basls for our oplnlon We have been appointed as auditors under section 14412) of The Charities Act 2011 and report in accordance wllh regulations made under section 154 of that Act. We conducted our audit in a¢Gordance wllh International Standards on Auditing {ISAs-UKI, Issued by the Flnan¢lal Reporting Coun¢ll, and applicable law. Our responsibilities under those standards are further described in the Auditors, Responsibilities for the Audit of the Flnancial Slalemenls section of our report. We are indep&ndenl of the charitable company Sn accordance with the ethical re9uiremenls that are relevant lo our audit of the financial statements in England & Wales, and we have fulfllled our other ethical responsibilities in accordance wth these requirements. We belleve that the audit evidence we have obtained is sufficient and approprlate lo provide a basis for our opinion. Responslbllitles of Management and Thosg Charged wlth Governance for the Flnan¢laS Slat•m&nts As dos¢ribed on page 8. you. the charilable company's Trusloes, who are also the Directors of the Company for the purposes of Company law, are responsible for the preparation of the financial slalements in accordance with the Companies Act 2006, the ChaTilies Act 2011 and all other applicable law and with United Kingdom Generally Accepted Accounting Pra¢llce, appllcable lo smaller entities. and for being satisfied that the financial statements giv8 a Iruo and fair view. The Truslees,who are charged with governance, are rosponslble for overseeing the charitable company's Ilnanclal reporting pro¢e88. Management is responsible for the preparallon ol the flnan¢ial slalements in accordance with charity law of the jurisdiction of England & Wales and for such internal control as management determines Is necessary lo enable the preparation ol financial slalemenls that are free from malerSal misstatement. whether due lo fraud or èrior. In preparing the flnanclal slalemenls, management is responsible for assesslng the charitable ¢ompanls ability lo conlSnue as a going concern, disclosing, as appli¢8ble, matters rolaled lo going conrn and using the going concern basis of accounting unless management either intends lo liquidate the charitable company or lo cease operations, or has no realistic alternative bul lo do so.
Empire Fighting Chance Our oblecllves arg to ohlaln reasonable assurance about whether the financial statements as a whole are free from material misslalemenl. whether due to fraud or error, and to Issu8 an audllor's r8POrt that includes our opinion. Reasonable assurance Is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS-UK will always detect a material misslatemenl when it exlsts. Mlsslalemenls can arSse from fraud or error and are considered malerlal If, IndSvSdually or in th8 aggregat8, they could reasonably be expected lo Influen the economlc decisions of users taken on the basis of these financial statements. Our responsibility is lo audit and express an opinion on the financial slalemenls in accordance with relevant legal and regulatory requirements and ISAS-UK. Those standards require us lo comply with the Ethical Standards for Audllors publlshed by the Financial Reporting Council and lo=_ Idenllfy and assess the risks ol material rnisslalemenl of the financial slalements. whether due to fraud or error, lo design and perform audit procedures Tesponsive to those rlsks and lo oblaln audit evldonce that is sufficient and approprlale to provlde a basis for our opinion., To obtain an understanding of internal control relevant lo the audll In order lo deslgn audll procedures that are appropriate for the clrcumslances, bul not for the purpose of expressing an opinion of the elfecliveness ol the charivs internal control- To evaluate the appropriateness of accounting policies used and the reasonableness of accounting eslimales and relaled disclosures made by Ihe charity. To conclude on the appropriateness of the charlty's use of the golng con¢8rn basis of accoLJnting and, based on the aud51 evldence obtained, whether a material uncertainty exists related lo events or conditions that may cast significant doubl on the chariW8 ability to conllnue as a golng concern; To evaluate IhB overall presentation, structure and content of the financlal slalemenls, Includlng the dlsclosures, and whether the financi81 slalemenls represent the undorlying transactions and events in a manner that achleves a falr presentation. We are requlred lo r8POrt lo the Trustees our opinion as lo whether the financial statements give a true and fair view and have been properly prepared in accordance with Unlled Klngdom Generally Accepted Accounllng Practice and the Charities (Accounts and Reports) Regulations 2008. We are also required lo report to you if. In our oplnlon, the Trustees, Annual Report Is malerlally In¢onslslenl with the financial slalemenls, if the charitable company has not kept adequate accounting records, if the charitable company's financial slalemenls are not in agreement with the accounting records and returns, or il we have not received all the information and explanations we require for our audit, or il information specified by law regarding Trustees, remuneration and transactions with the charitable company is not disclosed. In addition, we read all the financial and non-financial information in the Trustees, Annual Report to idenllfy malerial inconsistencies with the audited financial slalemenls and lo identify any information that is apparently materially Incorrect based on, or materially inconsistent with, the knowledge acquired by us In the course of perforffllng the audit. If we become aware of any apparent rnalerlal mlsstalemenls or1n¢onsislencies we consider the implications for our report. W8 conducted our audit in accordance wth ISAs.UK and In acrdanCe wlth th8 Pracllce Note, Th8 Aud51 of Charities in the Unlled Klngdom, revlsed In March 2012. W8 are required lo plan and perform our audit so as to meet the above requlremenls and lo oblaln all the information and explanations whlch we consldtsr nocessary in order lo provide us with sufficient evidence lo give reasonable assuranco that the financial slalemenls are free from material misslalernenl. whether caused by fraud or other irregularity or error. 12
Empire Flghtlng Chance In the course of our audit, we communlcate with those charged with govemanc8 regardlng, among other matters. the planned scope and liming of the audit and signllicanl audll flndlngs, including any significant deficiencles In internal control that we identSfy durlng th8 audit. Asslstance wlth accountancy and tax matters In accordan with the exemption provided by APB Elhi¢al Standard- Provisions Available for Smaller Entities, we have assisted wllh the preparation of the slalulory accounts. Ellgibilty of auditor and status of audlt We conflrm that we are ellgible under section 144121 of the Ch8rllles Act 2011 to conduct this audit, and that Ihls report Is a report in respect of an audlt carrled out under the Act and in accordance with the related regulations. We conflrm that the charitable company is exempl from audlt under Part 16 of the Companies Act 2006, Allenlion is drawn lo the accounting policy slating that, nolwllhslandlng th8 explicit requirement in the extant slalulory regulations. the Charities {Accounls and Reports) Regulations 2008. to prepare the flnancl81 statements in accordance with the SORP 2005, In view of the fact that the SORP 2005 has bean withdrawn, and in order lo accord wllh current best practice. the Trustees have delermlned to prepare the financial statements In accordanco with the FRS 102 SORP (Slalement of Recommended Practi for Accounllng 8nd Reportlng by Chariliesl 2019. applicable to 811 accounllng periods beginning on or after 1 sl January 2019}, (The SORP}. We concur wlh Ihls approach, and any references In our report lo the regulations should be read subject lo this comment. Oplnlon on the Financial Statements In our opinion, the accornpanylng charitable companys financial slalements.. Give a true and fair view of the $18le of affairs of the charitable company as al 31 October 2024 and of its IncoTne and Expondilure for the financial year then ended and, in particular, the financial slateTnents have been properly prepared. in all maleiial respects, in a¢¢ordance with United Kingdom Generally A¢¢epted Accounting Practice appllcable to entities of its size and have been properly prepared in accordance with the requliemenls of tho Charities Act 2011-. and have begn prepared in accordance with the requiroments of Section 396 of the Comp8nles Act 2006; and and have been prepared in accordanc8 wllh the methods and principles requlred by th8 FRS102 Slalemenl of Recommended Pracllce for Accounting and Reporting Issued by the Charity Commission in England & Wales {CCEWI , effective January 2015 (The SORPI, and those methods and principles have been followgd. Matters upon whlch we arè requlred to report by exceptlon In th8 Ilghl of the knowledge and understandlng ol the charitable company and ils envlroment obtslned In the course of our audit. we have not IdenlSlled material missialements In the Dlre¢lors' R8POrt included within the Trustees Reporl. We have nothing lo report In respecl of the following matters where the Companies Act 2006 requires us lo report lo you il, in our oplnlon.. the charilabla company has not kept adequate accounting records., or the linancial statements are not in agreement with the accounting records and returns; or If Information specified by law regarding Trustees, remuneration and Iransacllons wlth the charity is not disclosed.; or we have not received all the Information and explanations we requlre for our audit. 13
Empire Ighting ce Davld Ronald Sloggg11 FCCA- Senior Slalutory Auditor For and on behalf of Sloggetts Limlted Chartered Certified Accountants •ii• sloogetts Hlllcrest West Lydford Sornerton Somerset TA116DS This report was signed on 2Dzf 14
Empire Flghting Chance - Statement of Financial Activities for the year ended 31 October 2024 Statement of Flnancial Activities (including the Income and Expenditure Account for the year ended 31 October 2024, as requlred by the Companies Act 2006) SORP Ref ¢urr8nt year LlThreslrtct¢d Funds Current year Re&trfGlgd Funds Current year Tol81 Funds Prlor Year Total Funds 2024 2024 2024 2023 Income & Endowments from: Donallons & Legacles Charitable activities A1 1.273.984 196,341 831,235 2,105,219 196,341 1,404,370 232.852 Total Income 1,470,325 831,23S 2.301.560 1,637,222 Expendlture on: Raising funds Charitable aclivilles B1 B2 46,174 532.276 7.886 851,891 54.060 1,384,167 12.733 1,464.828 Total expendlture 578,450 859,777 1,438,227 1,477,561 Net Income for the year 891,875 128,542) 863,333 159,661 Net income after tran$f¢rs Net movèmènt in funds A-B-C 891.875 891.875 128.542) 128,5421 863,333 863.333 159.661 159.661 R&conclllatlon of funds:. Total funds brought forward 751.099 111,478 862,577 Y02,917 Total funds carried forward 1,642,974 82,936 1,725,910 862,578 The'SORP Ref in(5icaled above is the cl8ssili¢alion of income sel out in the forfflal SORP documenls. As required by paragFaph 4.60 of the SORP, the brought forward and carri8d forward funds above have been agreed to the Balance Sheet. A separate sl8lem6nt of Total Recognised Gains and Losses is not required as this slalement includes all recognised gains and losses. All activities derive from continuing operations 15
Empire Fighting Chance - Statement of Financial Actlvlties for the year ended 31 October 2024 Empire Fighting Chance . Analysis of prior year total funds, as requlred by paragraph 4.2 of the SORP Prloryear Prlor Year Prlor Year Tolal Funds SORP Rgf Llnreslrfclod Funds Ro¥trfcled Fund$ 2023 2023 2023 Income & Endowmants from: Donallons & Legacies Charitable activities Other trading acllvllles Investments Other A1 532,158 232,852 872,212 1.404,370 232,852 A3 A4 A5 Total Income 765,010 872.212 1,637,222 Expenditure on: Raising funds Charitable activities Other taxatlon B1 B2 6,433 619,487 6,300 666,596 12,733 1,464,828 83 Total oxpgndlturo 625,920 672,896 1,477,561 Nel gains on Inv8slmenls B4 Not Income for the year 139,090 199.316 159.661 Transfers betwotrn funds Net Income after transfers 139,090 199.316 159.661 Net movement In funds 139,090 199,316 159.661 Reconclllatlon of funds... Totsl funds brought forw8rd 612,012 90.905 702,917 Total funds ¢arrlad fOard 751,102 290,221 862.578 All activitles derlve from continulng operations A separate Slalemenl of Total Recognised Gains and Losses is not required as this slalemenl includes all recognised gains and losses., The notes attached on pages 24 to 43 form an integral part of these accounts. 16
Empire Fighting Chance - Statement of Financial Activities for the year ended 31 October 2024 Empire Flghting Chance . ContentslA19Resources applled in the year ended 31 October 2024 towards fixed assets for Charlty use:. 2024 2023 Funds generated In th8 year as delailod In the SOFA Resources applied on functional fixed assets Other applications of funds {780} 11,560} Net resources available to fund charitablo activitiès {7801 11,5601 The resources applled on fSxed assets for charity use represents the ¢osl of addi1Sons less proceeds of any disposals. The notes attached on pages 24 to 43 form an integral part of these accounts. 17
Empire Fighting Chance - Statement of Financlal Activities for the year ended 31 October 2024 Movements in revenue and capital funds for the year ended 31 October 2024 Revenue accumulated funds Unrestrlcted Funds 2024 R85trlcted Endowment Fund$ Funds 2024 Total Funds 2024 Last year Total Fund$ 2023 2024 Accumulated funds brought forward 751,099 111.478 862,577 702,917 Recognistrd galns and losses before transfers 891,875 128,5421 863,333 159,661 1,642,974 82,936 1,725,910 802,578 Closlng revenuè funds 1,642.974 82.936 1,725.910 862,578 Summary of funds Unrestrlcted and De8lgnat8d funds 2024 Re$trlcted Endowment Fund8 Funds Totsl Last Year Total Funds Funds 2024 2024 2024 2023 Revenue accumulated funds 1,642,974 82,936 1.725,910 862,578 The notes attached on pages 24 to 43 fom an Integral part of these accounts. 18
Empire Fightlng Chance - Statement of Financial Activities for the year ended 31 October 2024 Empire Fighting Chance Income and Expenditure Account for the year ended 31 October 2024 as required by the Companies Act 2006 2024 2023 Income Income from operations 2,301,560 1,637.222 Investment income Gros5 Incomo In Iha year before exceptlon81 Itgms 2,301,560 1.637,222 Gross Incoma In the year Includlng axc8ptional items 2,301.560 1,637,222 Expenditure Charlt8blfj expenditure. excludlng deprgclalion and amortlsallon Depreciation and amortisallon Fundraising costs Governance costs Realls8d losses on disposals of socl81 Investments which are programm8 related 1,356,676 5.842 54.060 21,648 1.437.091 7,161 12,733 20.576 Total expenditure in the year 1.438,226 1,477,561 Net incomè beforg tsx in the financlal year 863,334 159,661 Tax on surplus on ordlnary activities Net Income after tax in the flnanclal year 863.334 159,661 Retained surplus for the financial year 863,334 159.661 All aclivities derive from continuing operations In accordance with th8 provisions of the Companies Act 2006, the headings and subheadings used in the Income and Expenditur8 account have been adapted to reflect the special naturo of the Charity's activities. The notes attached on pages 24 to 43 form an integral part of these accounts. 19
Empire Fighting Chance - Balance Sheet as at 31 October 2024 Notes SORPR•r 2024 2023 Flxed assets Tangible assets 11 A2 17,721 22,781 Current assets Debtors Cash al bank and in hand 12 B2 335,298 2.118,058 237,697 1,571,343 B4 Total current assets 2,453,356 1.809.040 Credltors: amounts falllng due wlthln one year 13 C1 {745,1671 {969,243) Net current assets 1.708,189 839.797 The total net assets of the charity 1,725,910 862,578 The total net assets of the charlty are funded by the funds of the charlty, as follows:. Restrlcted funds Reslricled Revenue Funds 19 D2 82,936 111,479 82,936 111,479 Unrg$tri¢ted Funds Unreslricled Revenue Funds 19 D3 1,642.974 751.100 1.642.974 751,100 Deslgnated Funds Total charlty funds 1,725,910 862,578 20
Empire Fighting Chance - Balance Sheet as at 31 October 2024 The 'SORP Ref indicated above is the classlficalion of Balance Sheet Items as set out in the formal SORP documents. As required by paragraph 4.60 of the SORP. the brought fOard and carried forward funds above hav8 been agreed to the SOFA.. The directors are satisfied that the company is enlltled to exemption from the requlremenl lo obtain an audit under section 477 of the Companles Act 2006. Thg members have not requir8d the company to obtain an audit in accordance with section 476 of the Act. The directors acknowledge their resporssibililies for complying with the requirements of the Companies Act 2006 wllh respect lo accounting records and the preparation of accounts. The charity is subject to audit under charity legislation, and the report of the Charities Act auditor Is on page 14. The financial statements have been prepared in accordance wllh the provisions in Part 15 of the Companies Acl 2006. appllcable to companies subject lo the sm811 companies regime. {Signed} Trustee Approvod by the board of trustees on The notes attached on pages 24 to 43 form an Integral part ofthese accounts. 21
Empire Flghtlng Chance Cash Flow Statement for the year ended 31 October 2024 2024 2023 Cash flows from operatlng actlvltles Net cash provided by operating activities as shown below 547,498 166,822 Cash flows fmm Investing activities Purchase of property, plant and equipment (780) 11,5601 Cash flows fmm financing activities Net cash provlded by flnanclng actlvitles Overall cash provided by all activities A+B+C 546.718 165,262 Cash movements Change in cash and cash equivalents from activities in the year ended 31 October 2024 546.718 165,262 Cash and cash equivalents al 1 November 2023 1,571,343 Cash at bank and In hand less overdrafts at 31 October 2,118,061 165,262 22
Empire Fighting Chance Cash Flow Statement for the year ended 31 October 2024 Empire Fighting Chance Cash Flow Statement for the year ended 31 October 2024 - Continued Reconciliation of net Income to net cash flow from operating activities Nel income as shown in the Statement of Financ181 Activities 863,333 159.661 Adjustments for:. Depreciation charges Write downs of investments Nel unrealised losses on investment assets Decrease in debtors Increase in creditors, excluding loans 5.842 7,161 197.6011 (224,076) Net cash provided by operatlng activities 547,498 166,822 Analysis of cash and cash equivalents 2024 2023 Cash In hand at for the year ended 31 October 2024 Notice deposits- (less than 3 months) 1,818,058 300.000 1,571,343 Total cash and cash equivalents 2.118,058 1.571,343 23
Empire Fighting Chance Notes to the AGcounts for the year ended 31 October 2024 1 Accounting policles Pollcles relating to the pmdu¢tlon of the accounts. Bas15 of pr8paratlon and accountlng ¢onvontlon The accounts have been prepared on the accruals basS8, undgr the historical cost conv8nllon, and in accordan with th8 Flnanci81 Reporting Standard 102,16ffeclive 1st January 20161 and 'FRS 102 SORP Islalemenl of Recommended Pracllce foT Accounting and Reporting by CharllSesl 2019. applicable lo all accounllng periods beginning on or after 1st January 2019}. (The SORPI, published by the Charity Commission in England & Wales ICCEWI , and in accordance with 118pplicable law in the charity's lurlsdiction of regislralion. except th81 the charity has prepared the flnan¢lal statements in accordance with the FRS 102 SORP ISt81gm6nt of Recommended Practlce for Accounting and Reporting by CharS1iesl 2019, applicable lo all ao¢ounling periods beginning on or after 1st January 20191, (The SORP), Sn preference lo the prevSous SORP. the SORP 2005, which has been withdrawn, noiwilhslanding the fact that the extant slalulory regulallons, th8 Charities (Accounts and Reports) Regulations 2008 refer expllcllly to the SORP 2005. Thls has been done lo accord with cuirent best practice. Rlsks and futurè assumptlons The charlty Is a public benefit entity. Policies relatlng to categories of income and Income recognition. Nature of incomè Gross Inwme represents the value, net of value added tax and discounts, of goods provided lo customers and work carried out In resp8cI of services provided lo customer8. Categorles of Inm9 Income is calegorised as In¢ome from exchange Iransacllons Iconlracl Income) and Income from non-exchange Iransacllons (gifts), investment Income and other income. Income from exchange tran5actions18 re¢eSvgd by the charity for goods or services supplied under contract or where enllllemgnt is subject lo fulfilling performance related conditions. The Incomo the charity receives Is approxlmately equal in value lo the goods or services supplied by Ihts charity to the purchaser. Income from a non-gx¢hange transaction is where Ihe charSty receives value frotvi the donor wSlhoul providing equal value in exchange, and includes donations of money, goDds and services freely glven wilhoul giving equal value In 8x¢h8nge. Income recognltlon Income, whelher from exchange or non exchange Iransacllons, is recognised in th8 slalemenl of finan¢iBI activities (SOFA} on a receivable basis, when 8 transaction or other event results in an increase in the charlly's assets or reduction In Ils liabilities and only when the charlty has legal entillemenl, the Income is probable and can be measured reliably. Income subject lo terms and conditions which musl be mel before the charily is enlilled to the resources is not recognised unlll the conditions have been mel. All income is accounted for gross, before deducting any related fees or costs. 24
Empire Fighting Chance Notes to the A¢¢ounts for the year ended 31 October 2024 Accounting for d&f8rred Income and income Teceiv¥d In advance Where terms and condillons relating lo income have not been mel or uncertainty exists as lo whether (he ¢harily can meet any terms or conditions olharwise within ils conliol. income is not recognis¢d bul is deleTred as a liability until it is probable that the terms or conditions imposed can b6 mel. Any grant that Is sublecl lo performanc&relaled condillons recelved in advance of delivering the goo¢Js and seNlces required by that condition. or is subject to unmel conditions wholly outside the control of the recipient charity. Is accounted for as a liability and shown on the balance sheet as deferred income. Deferred Incom& Ss released lo incom8 in the reporting perlod in which the performance-relaled or other conditions Ihal limit recognition are m$1. When incDme from a grant or donallon has not beèn recognised due lo the condltlons applying lo the girt not being wholly withln the control of the recipient charity, il is dlsclosed as a conlingenl asset if receipt of the grant or donation is probable once those condllSons ara mel. Where 1Sme related conditions are imposed or Implled by a funder, then Ihe income Is 8PPOrtioned lo Ihe lime periods concerned,and, where applicable, is accounted for as a liabllily and shown on the balance sheet as deferred Income. When grants are received in advance of th8 èxpenditure on the activity funded by them, bul Ihere are no specific lime related condllSons, then Ihe income is not deferred. Any condition that allows for the recovery by the donor ol any unexpended part of a grant does not prevent recognillon of the income con¢erned, bul a liability lo any repayment Is re¢ognised when repayment becomes probable. Income received whlch relates lo a mulli year obllgallon Is lime apportioned using the best method appllcable and deferred where applicabl8 Recognltlon of Ilabllltles and oxp&ndlturo A liability, and the related expenditure. is recognised when a legal or conslruclive obligallon exists as a result of a past event, and when il is more likely than not that a transfer of economlc beneflls wlll be required in settlement, ar when the amount ol tho obligation can be measured or reliably estimaled.. LlabllillBs arising from future funding commllmenls and conslructNe obligallons, Including p9rfOrman related grants, where the Ilmlng or Ihe amount of the future exp8ndlture required to settle the obligation are uncertain, give rise lo provision in the accounts, whl¢h Is reviewed at the accounllng year end. The provision is increased to reflect any Increases in liabilities, and is decreased by th6 ulilisation of any provision withln tho period. and reversed if any provislon is no longer requlred. These movements are charged or credited lo the respective funds and a¢llvllies lo which Ihe provision relates. Allocating costs to actlvltlès Direct costs that are specifically related lo an activity are allocated lo that aclivily. Shared dlrecl costs and SUPPDrt costs are apportioned between aclivllles. The basis for apportlonment, which is consislenlly 8pplled, and proportionate to lh8 circumslan¢8s, Ss Stafflng on the basis of lime spent in connection with any particular aelivity. staffing on o per capita basis, based on the number of ol people employed wilhln any partlular activity. Prèmlses related costs- on the proportlon DI floor area occupied by a partlcular activity. Non speclflc support costs - on th6 basis of the usage of resourcos. terms ol lime taken. capacity used. request made or other measures Estlmatlon techniques used in apportioning costs- give details Policies relating to assets, Ilabilities and proviTslons and other matters. Tanglblo flxed assets 25
Empire Fighting Chance Notes to the Accounts for the year ended 31 October 2024 Tangible fixed assets are measured al their orlgln81 cost value, or subsequent revaluallon, or if donated, as described above. Cost value Includes all costs expended in bringlng th8 asset Into ils intended working condlllon. Depreciation has been provided al the following iales in order lo write off the assets lo their anticipated resldual value over their eslimaled useful lives. L88sehold premises Plant and machlnory Motor vehicles Over the 18rm of Ihe188se 20 Vo slraighl line 20 Vo slraighl lin8 Accountlng for capltsl grants and flxed asset fund5. Gifts of tangible fixed assets or grants of a capital nature. given for the purposes of acquiring specific assets lo btr fully ulilised in the furtherance of the objects of the charity, are credited lo fixed asset funds after the donated asset has been recgived or sums have been properly expended on the reslricled purpose. Where the terms of tho gift require the charity lo hold th8 asset on an ongoing basis for a specific purpose. then the fixed asset fund so created is categorlsed as a reslricled fixed asset fund, and the relevant reslriclions are noted in the fixed asset note 11. Where the terms of the glft are mel once the asset is acqulred, so 811Dwing the charity to use th$ asset on an unrestricted basS8, Including the right to recelve the proceeds of any future sale of the assal on an unreslricled basls, then the fixed asset fLtnd so creatod is calegorised as a deslgn81ed fixed asset fund. When assets are acquired lor the furtherance of the ¢harily's objects. ulilising the charlty's own unrestricted funds. a transfer is made from unr&slrl¢led fLJnds lo a designated fixed asset fund. Whether 8¢quired with unreslricled or reslrScted funds, the asset acqulred18 In111811y shown in the balance sheet al th8 full cost of acquI5115on or subsequent revaluallon. As the related assets are depreclaled, In accordance with the depreclallon pollcy,in order lo reflect the dlmunlllon Sn the asset.a tiansfer is made from Ihe relevant flxed asset funds lo either unreslriclBd or restricted revenue funds. a8 appropriate lo the terms of the original gift. if any. The effect of Ihl$ policy is Ihal the aggregate of all fixed asset funds shall equal8 to the nel book value of fixed assets. In the first year that this policy was adopted, a transfer lo fixed as$61 funds was made equlvalenl lo the nel book value of the assets. Any resldLJal liability to th8 donor arlslng from. foT example, the asset's future sale. is disclosed as a conllngenl Ilabilily unless the event that would trigger repayment ol the grant becomes probab18 In whS¢h case a liability for repayment Is recognised. Insofar as this pollcy rglales lo Government grants and to the èxtent that il may be a departure from the FRS 102 SORP Islalemenl of Recommended Pracllc8 for Accounting and Reporting by Charities) 2019, applicable lo all a¢counling periods beginning on or after 1st January 2019), (The SORPI. such departure is justified on the basis Ihal it is in order to comply with the SORP. Debtors Debtors are measured al their recoveiable amounts at the balance sheet dale. Creditors and provlslons Creditors are measud 81 the amount payable at tho balan sheet dale Cash and bank bJlanc8S Bank and cash balances are measured al the amount held al the balance sheet date 26
Empire Fighting Chance Notes to the Accounts for the year ended 31 October 2024 Lgaslng and hire purchase contracts and commitments Assets held under finance leases and hire purchase conlracls. which are those where subslanlially all the risks and rewards of ownership of the asset have passed lo the eharily, are capilalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest el8monl of the rental obligations is chaiged lo the profil and loss account over th8 period of the lease and represents a constant proportion of Ihe balance of capital repayments oulstsnding. Rentals paid under OPeTatSng leases are charged lo Income on a straight line basls over Ih816ase term. Panslons - deflned contrlbullon schemes The charlty operates a defined conlrlbulSon penslon scheme. Conlribullons are charged lo the profil and loss account as they become payable In accordance with the rules of the scheme. Fund Accountlng UnroslrScled funds are avallable for use at the discretion of the trustees In furtherance of the general oble¢tlves of tho charity. Deslgnaled funds are unrestrlcled funds earmarked by the Trustees for partlcular purposes. Reslricled funds ara subjected to reslriclions on thelr expènditure imposed by the donor or through the terms of an appeal or as implied by law. There are no endowment funds. 2 Liability to taxation The Trustees consider that the charlly satisfies the tests sel out In Paragraph 1 Schedule 6 of the Finance Act 2010 for UK corporallon tax purposes. Accordingly. the Charity is polenlially exempl from 18xallon in respect ol income or capll81 gains received within categories covered by chapter 3 part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeabl8 Gains Act 1992, to IhB extent that such income or gains are applied exclusively on tho specific charitable oble¢ls of the charity and for no olhgr purpose. Value Added Tax 18 not recoverable by the charity. and Is therefore included In the relevant costs in the Slalem9nl ol Fln8ncial Aclivilies. 3 Winding up or dlssolutlon of the charity If upon windSng up or dissolution of the Charfty there remain any assets, after the sallsfaclion of all debts and liabilillès, the assets represented by the accumulated fund shall be Iransferred lo some other charllable body or bodies having simSlar objects lo the charily. 4 Significance of flnanclal instruments to the Charlty's position The charity has no exposure to financial inslrumenls. 27
Empire Fighting Chance Notes to the Accounts for the year ended 31 October 2024 5 Net surplus before tax in thg finan¢lal year 2024 2023 The nel surplus before tax in the financial year Is slated after charging:_ Doprecialion of owned fixed assels Pension costs Audllors, remuneration 5,842 16.058 6.800 7,161 16,611 6,800 6 The contribution of volunteers the conlrlbulSon of volunteers is welcom9d but not consldered material lo the funcllonlng of the charity. 28
Empire Fightlng Chance Notes to the Accounts for the year ended 31 October 2024 7 Staff costs and emoluments Salary costs 2024 2023 Gross Salaries excludlng Irusletrs and key management personnel Employerfs NalSonal Insurance for all staff Employerfs conlrlbullon to dolined benefit pension schemes 711.660 70.817 16.058 673.459 73,113 16.611 Total salaries. wages and related costs 798,535 763,183 Thè averagtr number of part Ilme slaff employed in the year was The average number of full lime staff employed in the year was The eslimaled fvll lime equival&nl numbèr ol 811 staff employed in the year was 12 30 33 10 30 33 The estlmated equlvalent number of full tlme staff deployed in different activities in the year was... Engaged on charitable activities Engaged on publicity aclivifles Engaged on fundraising aclivilies Engaged on management and admlnlslralion 26 26 The estimated full tlmè equlvalènt numbgr ofall srtaff employod as above 33 33 Neither the Iruslees nor any persons conne¢led with thom have received any remuneration from the charity or any related entity, either in the current or prior year. The number of employees whose emoluments Including taxable benefits bul ex¢ludln employer's pension conlribulions fall into the following bands were 2024 2023 £60,00110 £70,000 £70,001 10 £80.000 The penslon detalls of such higherpaid staff were :. Conlribulions for (he provision of money purchase penslon 2,642 2,642 No Numbers ofsu¢h staff to whom beneflts are accruing :" Under money purchase penslon s¢hemgS 8 Deflned contribution pension schemes The charity operates a deflned conlribullon penslon scheme, the costs of which are shown above. Any liabililes and assets associated with the schem$ are shown under deblors and credilois. 29
Empire Fighting Chance Notes to the Accounts for the year ended 31 October 2024 9 Remunoratlon and payments to Trustees and persons ¢onnected wlth them No trustees or persons connected wllh them received any remunerallon from the ch8rfty, or any related entity- 10 Deferred income - Unre$trlcted and Designated funds Current Year Openlng Dpferra15 Relea58d Recelved Deferred from prlor less rel8ased al year end year5 In year Deferred income movemenl not analysed lo protect donor 896,956 1896.9561 659.645 659,645 Total 896,956 {896,956) 659,645 659,645 2024 2023 These deferra15 are Included In crgdltors 659,645 896,956 Prlor Year Openlng Deferrals Released ReGelved less released Deferr8d fiom prlor years at year end In year Deferred income a131.10.2024 (not alanlysed lo protect doni 846,312 {846,3121 896.956 896,956 Total 846,312 1846.3121 896,956 896,956 2023 2022 Th•s& dèferrals are Included In credltor5 896,956 846,312 30
Empire Fighting Chance Notes to the Accounts for the year ended 31 October 2024 11 Tanglble flxed assets Current Y8ar Land and Buildings Plant & Maehlnary Motor Vehlclos Total Cost At 1 November 2023 Additions 40,465 780 32,012 72,477 780 At 31 October 2024 41.245 32.012 73,257 Dapr8clatlon At 1 November 2023 Charg8 for Ihg year 25,037 4,003 24,658 1,838 49.695 5,841 At 31 Octobèr 2024 29,040 26,496 55.536 Net book value At 31 Octobèr 2024 12,205 5,516 17,721 At 31 October 2023 15,428 7,354 22,782 Prlor Ygar Land and Bulldlngs Plant & Machlnery Motor Vehlcles Total Cost Total al 31 October 2023 40,465 32,012 72,477 Depreclatlon Total at 31 October 2023 25,037 24,658 49,695 Not book valuo 15,428 7,354 22,782 12 Debtors 2024 2023 Trade debtors Prepayments and accrued Income Other debtors 25,245 1.277 308,776 335.29B 24,923 1,277 211,497 237.697 13 Creditor5: amounts falllng due wlthln one year 2024 2023 Trade creditors Accruals Deferred Income- Unrestricted & designated funds PAYE, NIC VAT and other taxes Other credllors 57.236 15.921 659,645 12,363 16,118 19.545 896,956 23,521 13,103 969,243 745,167 31
Emplre Fighting Chance Notes to the Accounts for the year ended 31 October 2024 14 Flnanclal commitments under oporatlng leases 2024 2023 At the year end tho Charlty had annual commltments und8r non-cancellable operatlng leases as set out below: Operating leases whlch explre.. wlthln one year within iwo to flve years in over five years 21,039 33 27,195 21.072 27,229 15 Contractual capital commltments 2024 2023 Al the financial year end, th8 charity had entered into conlraclual commitments lo provide leasehold properly improvements for the amounts shown. The amounts have not been provided in the ac¢ounls. 954,978 954.978 16 Income and Expendlture account summary 2024 2023 At 1 November 2023 Surplus after tsx for the year 862,578 863,334 702.917 159,661 At 31 October 2024 1,725,912 B62.578 17 Relatgd party transactions Durlng the year. the charity transacted wllh the followSng reale(S parties on an arms length basls Bristol Boxin Limited There is a famlllal and direct tie to Jamie Sanlgar, the charlty's COO. Conlribulions of £12,150 wero made by the company for use of the gym. At the year end nothing was owed to the charS1y. 32
Empire Fighting Chance Notes to the Accounts for the year ended 31 October 2024 18 Parti¢ulars of how particular funds are represented by assets and liabilities At 31 October 2024 Unr88trlctsd Deslgnated fund5 ReBtrlct8d Tolal funds funds Fund5 Tangible Fixed Assets Current Assets Cuirenl LlabililiBs 17.721 2,370,419 {745,167} 17,721 2,453,356 1745,1671 82,937 1,642,973 82.937 1,725,910 At 1 Novombgr 2023 Unr88trlcted Deslgnated fund5 Restrlcted fund$ Total Fund5 funds Tangible Fixed Assets Current Assets Currgnl Liabilities 22.782 1,697.562 1969,243) 22,782 1.809,040 1969,243) 111,478 751,101 111.478 862,579 19 Change In total funds over the year as shown In Note 18 , analysed by indivldual funds Fund$ brought Movement In forward from fund5 In 2024 Transfers be4&en funds In 2024 Fund$ carrled forward to 2025 2023 See Noto 30 Unrestricted and deslgnated funds... Unreslricled Revenue Funds 751,099 891,875 1,642,974 Total unroStrl¢t8d and deslgnated funds 751,099 891.875 1.642,974 Restricted funds.'_ Reslficled revenue funds 111,478 128,542) 82,936 Total restrlcted funds 111,478 128,5421 82,936 Total charity funds 862.577 863,333 1,725,910 33
Empire Fightlng Chance Notes to the Accounts for the year ended 31 October 2024 20 The purposes for which the funds Unrestricted and deslgnated funds... Unrestricted Revenue Funds These funds are held for the meellng the oble¢lSves of the charity, and to provlde rgs8Nos for future aclivilies, and subject lo charfty leglslallon, are free from all r8slrictlons on Ihelr use. Restricted funds... Restricted Fixed Asset Funds The purpose of these funds is described under the accounllng policy 'Accounllng for capital grants and fixed asset funds,. Reslricled revenue funds ar8 those rgc8ived for a parlicular purpose and potentially for a specific period eg. Conlribullon to CEO salary for 12 rllonths Reslrfcled ravenue funds 21 Ultlmate controlling party The charity is under the control ol ils legal members. Every member The charitabl8 company Is limited by guarantee. Every meTllber of the ch8rlty Ss obllged to contribute such amount as may be required not exceeding £10 lo the assets of the company in the event of its being wound up whlle he or sh818 a member, or wSlhln one year after he or she ceases lo be a mgmbgr. 34
Emplre Flghtlng Chance Detailed analysis of income and expendlturo for the year ended 31 October 2024 as requlred by the SORP 2015 Thls analysls Is classsified by conventional nominal descriptions and not by activity. 22 Donatlons, Granls and Legacles Current year Unrestrlcted Funds Current year Restricted Funds Currenl year Total FundB Prloryear Total Funds 2024 2024 2024 2023 Donations and glfts from Indlvlduals Donors not disclosed In the intere81 of privacy 55,552 293.861 349,413 300.528 Total donatlons and glfts from Indlvlduals 55,552 293.861 349,413 300,528 All the donations and gifts In the prfor year were unreslricled. Donatlons and gSfts from Indlvlduals {Include HMRC refunds on gift aided donations) - Prior Year analysls Prlor Year Unrestrictèd Funds Prlor Year R¢strlct•d Fund$ Prlor Year Total Funds 2023 2023 2023 Prlor yoar 28,650 271.878 300,528 Current year Unrestilcted Funds Current year Restrlcted Funds Current year Total Funds Prlor Year Total Funds 2024 2024 2024 2023 Revenue grants from governmant and publ1¢ bodles DonoTS not disclosed in the interest of privacy 63,390 63.390 8,750 Total public sector revenue grants 63,390 63,390 6,750 All the grants Sn Ihe prior year were unreslricled. 35
Empire Fighting Chance Dotalled analysls of Income and expendSture for Ihe year ended 31 October 2024 as required by the SORP 2015 Revenue grants from government and publlc bodles - Prlor Year analysis Pr40r Year Unrestrlcted Funds Prlor Year Re$trlct8d Fund5 Prior Year Total Fund$ 2023 2023 2023 Prlor Year 3,100 3,650 6,750 Current y8ar Unrestrlcted Fund5 Currènt year R8Strlcted Funds Cufrent y8ar To¢al Funds Prlor Year Total Funds 2024 2024 2024 2023 Revenue grants and donatlons from non publlc bodl8s Donors not disclosed in the Interest of privacy 1,155,042 537.374 1,692,416 1,082,404 Total private sector revenue grants 1,155,042 537.374 1,692,416 1,082,404 All the grants in the prior year were unreslrioted. Revenue grants and donatlons from non publlc bodles Ilncludo Gift donations from subsldlaries) Prior Year analysls Prlor Year Prior Yèar Prlor Year Unrestrlcted Funds RestrlGted Funds Total Funds 2023 2023 2023 Prior Year 485,720 596,684 1,082,404 cUent year Urhrestrlcted Funds Current year Re$¢rlcted Fund5 Curr8nt year Total Funds Prlor Year Total Funds 2024 2024 2024 2023 Spon50rshlp Donors not dlsclosed in the interest of prlvacy 14,688 Total sponsorship incomè Total Donatlons, Grants and Legacies Total Donations, Grants and Legacles 14,688 A1 1,273,984 831.235 2,105,219 1 A04.370 36
Empire Fighting Chance Detailed analysls of Income and expenditure for the year ended 31 October 2024 as required by the SORP 2015 Unr8Strlct8d Funds 2023 Re5trlcted Funds 2023 PrlorYe8r Total Fund5 2023 Prior year Total Donatlons. Grants and Legacies A1 532.158 872,212 1,404,370 23 Income from charltable actlvltles - Trading Activitie5 Current year Current year Unre$trl¢ted Fund5 Current year Restrlcted Funds Current year Total Funds Prlor Year Total funds 2024 2024 2024 2023 Prlmary purposo and anclllary tradlng Sale of goods and services In accordance with the charSty's objects Letting of propety for charitable purposes 185.141 185,141 211.801 fj1.200 11.200 21,051 Total Prlmary purpose and anclllary tradlng 196,341 196,341 232,852 24 Total Income from charltablo activitles Currènt year Unre5trlct8d Funds Currenl year Rostrlcted Funds Current year Total Funds Prlor Year Current year Total Funds 2024 2024 2024 2023 Total income from charitable trading 196,341 196.341 232,852 Total from charStablg actlvitles 196.341 196,341 232,852 37
Empire Fighting Chance Detailed analysls of Income and expenditure for thè year onded 31 Octob8r 2024 as required by the SORP 2015 25 Expendlture on charitable actlvlties - Direct spendlng Currènt year Unrestrlcted Funds Current yoar Rè5trl¢tod Funds Current year Total Funds Prlor Year Total Funils Current Year 2024 2024 2024 2023 Gross wages and salaries - charitable 8clivilies Employers, Nl Charitable activities Defined benefit pension costs charitable activities Other staff costs Bought In professional support 363.138 564,213 927.351 881,427 24,636 46,181 70.817 73,113 6,235 9,824 16,058 16,611 9,314 48,485 7,641 80,749 16.955 129,234 10,701 124.370 Total direct spendlng B2a 472,906 722.174 1,195,079 1,183,589 All the expenditure In the prior year was unreslrlcted. Prlor Year Unre5trlcted Funds Prior Y&ar Reslrlcted Funds Prlor Year Total Funds Prlor Year 2023 2023 2023 Gross wages and salaries - charitable activities Employers, Nl Charitable activities Defined benefit pension costs charitable activities other staff costs Bought in professional support 358.055 523,372 881.427 29,864 43,249 73,113 6.747 9,864 16,611 3,758 41,202 6,943 83,168 10,701 124,370 Total direct spending B2a 516,993 666,596 1.183,589 26 Support costs for charitable actlvltles Current year Unrestrl¢ted Funds Current y8ar R85triGtgd Funds Current year Total Funds Prlor Y8ar Total FLtnds Current Year 2024 2024 2024 2023 Premises Expenses r%vi li yayauie ui LLI¥I VV¥I il111 ly 11,728 6,S56 1,223 18,469 12,753 18,284 1,223 20,834 13,042 13,867 Rates and water charges Light heat and power Cleaning and waste rnanagement Premises repairs, renewals and maintenance 2,365 289 22.244 13,410 2,404 8,405 10,809 17,715 38
Empire Flghting Chance Detailed analy51s of Income and expenditure for the year ended 31 October 2024 as roqulred by the SORP 2015 Administratlve overheads Telephone, fax and internet Software Ilcences and support Postage Stationery and printing Travel and subsistence Hire of vehicles Vehicle 8XP8nses Membership subscriptions Equipment expenses Liabilty and contents insurance Bad debts Other costs and adjustments 168 3,564 36 199 168 16,048 66 26,159 431 2,273 12,484 1.382 1,581 6,158 2,484 907 2,750 11,555 6,158 8,474 5,505 4,225 11,843 360 14,785) 2.566 10.021 4.705 6.057 13,219 480 5,990 4.598 1,475 288 360 15,714} 929 77,657 Professional fees paid to advisors other than the auditor or examiner Consultancy fees 8,100 39.448 47,548 42,321 Flnanclal costs Bank charges Depreciation & Amortisallon In lotal 236 5,842 236 5,842 311 7,161 Support costs before reallocatlon 41,928 125,511 167,439 260,663 Total support costs - Current Year 41,928 125,511 167,439 260.663 The basls of allocation of costs between acllvllies is described under accounting polioies All the expendllure In the prior year was unrestrlcted. Administrative overheads The basis of allocation of costs beeen activities is described under accounting policies 27 Other Expendlture - Governance costs Current year Unre8trlcted Funds Current yoar R8Strlcted Funds Current year Total Funds Prlor Year Total Funds Current Year 2024 2024 2024 2023 Auditor's fees Accountancy 6,800 10,642 6,800 14,848 6.800 13.776 4,206 Totsl Govarnance costs 17.442 4,206 21.648 20,576 All the expendllure In the prior year was unreslricled. 39
Empire Fighting Chance Detailed analysls of Income and expendlture for the year ended 31 October 2024 as requlred by the SORP 2015 28 Total Charitable exponditure Current year Unrestrlcted Funds Current year Restrlcted Funds Current year Total Funds Prfor Year Total Funds Current Year 2024 2024 2024 2023 Total direct spending Total charitable trading costs B2b Total granlmaking costs B2c Total support costs Total Governance costs B2a 472,906 722.174 1,195,079 1,183,589 B2d 41,928 125,511 167,439 21.648 260.663 20,576 B2e 17,442 4.206 Total charltable expondlture B2 532.276 851,891 1.384,166 1,464,828 Prlor Year Unrestrl¢ted Funds PrlorY8ar R85trict•d Fund$ Prlor Year Total Fund Prior Year 2023 2023 2023 Total direct spending Total support costs Total Governance costs B2a B2d B2e 516.993 260,663 20,576 666,596 1.183.589 260.663 20.576 Total charitable expendlture B2 798,232 666.596 1,464,828 29 Expenditure on raislng funds and costs of Investment management Current year Unr85tricted Fund$ Current year Re$trl¢t8d Funds Current year Total Fund5 Prlor Year Total Funds Current Year 2024 2024 2024 2023 Cost of fundraising activities 46,174 7.886 54,060 12,733 Total fundraising costs B1 46,174 7.B86 54,060 12,733 Prlor Year Unrestrlcted Funds Prlor Year Reslrlcted Funds Prlor Yèar Total Funds Prior Year 2023 2023 2023 Cost of fundr8ising activilies 6,433 6,300 12,733 Total fundralslng costs B1 6,433 6,300 12,733 40
Empire Fighting Chance Actlvlty analysls of Income and expondlture for the for the year ended 31 Octob•r 2024 This analysis is ¢lassslfled by activity and not by conventlonal nomlnal descriptions. 30 Analysis of income by activity SOFA raf 2024 2023 Actlvlty Income from charltablo actlvltlos lo educate young people and lo assist them turn their lives around 196.341 232,852 Summary of Total Income, including the Items above Charitable activities Donations & Legacles 196,341 2.105,219 232,852 1.404,369 A1 Total Incom• as shown In tho SOFA 2.301.560 1.637,221 Categorles oflncomo Income from exchange transactions 2,301,560 1.637.221 31 Analysis of charitable 8xpenditure by activity Activity Dlrect costs Support osts Grant fundlng of activities 2024 Total Total 2024 2024 2024 2023 to eduGate young peopl8 and to assist them turn their Ilves around Direct costs 1.160,416 Premises expenses Admlnistrallv8 overheads Professlon81 fees 1,160.416 64.193 84.284 47.54B 6,078 64,193 84,284 47,548 6.078 Flnanclal costs Total to educat¥ young p&ople and to asslst them turn thelr Ilves around 1,160,416 202.103 1,362,519 41
Emplre Flghting Chance Actlvlty analysls of Income and expendlturo for the for the year endod 31 October 2024 Summary of charitable costs by activity Dlre¢t costs Support costs Grant funding of actlvltles 2024 Total Total 2024 2024 2024 2023 Total lo educate young peopl8 and to as£ Total Governan costs as detailed In Note 27 1,160,416 202,103 21.648 1,362.519 21,648 1,368.153 20,576 Total charltable expendlture 1.160,416 223,751 1,384,167 1,464.B28 The basls of allocation of costs between activities is descrlbed under accounllng pollcles The breakdown of this expendllure by type of spendlng Ile nomlnal classification) is detailed in note 28 Analy$ls af support and governance costs by charitable activities Governance Finance Human Other Resources Overheads 196,025 Total Actlvlty lo educate young peopl8 and lo asslsl thi 21,648 6,078 223.751 Grand Total 21.648 6,078 196,025 223,751 42
Emplre Flghtlng Chance Actlvlty analysis of Income and expendituro for the for the yeaT ended 31 October 2024 32 Analysis of non ¢haritable expendlture by actlvity Activity Fundralsing aGtivltles Fundralslny Fundralslng 2024 2023 Dlrect fundraising Costs 54.060 12.733 Governance costs Governance costs 2024 Governance costs 2023 Other Expenditure- Governance costs a8 detsSled Sn Note 27 21.648 20.576 Total non charitable expendlture 2024 2023 Total costs of Fundralsing 8¢tlwlles 54,060 12,733 Total non charltable expendlture 54,060 12,733 The breakdown of thls expendllure by typ8 of spendlng Ile by nomlnal classlflcatlon and by fund) Is detailed In note 30 43