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 cr￿Pin 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.

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C. Objectives and Activities
The charitable objects are "1.5 THE CHARITVS OBJECTS('ORTECTS') ARESPECIFICALL YRESTRICTED TO YFJEFOLLOIV￿G..
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 OTHERAcTI￿rI£sAVD B Y
PROV7DNG ORASSISTINGIN THE PRUVJSJONOFEQUIPMENT FACILITIES, FJNANCIALASSISTAVCE, p￿CTICALADY1cEAND 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
C￿atIng 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.

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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 th￿e 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
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#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 cha￿ce 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
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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 Si￿lfIcant amount of work to tackle iticreasing violence within our ¢ommunities.

EMPIRE
FIGHTING
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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, esp￿IallY 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.

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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
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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 f￿anCIal 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 con￿rn 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 ac￿rdanCe 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 fO￿ard
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 fO￿ard 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 In￿m9
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 measu￿d 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
be￿4&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
cU￿ent 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 be￿een 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