Company registration numb8r.' 08752389
Charity registration nurnber.. 1158690
EMPIRE
FIGHTING
CHANCE
EMPIRE FIGHTING CHANCE
STRATEGIC REPORT, TRUSTEES, REPORT AND
FINANGIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2025
•&1• slogoetts
Chartered Certified Accountants & Regislered Auditors
Castle Cary Road
West Lydford
Somer$81
TA116DS

Empire Fighting Chance
Contents
Pag•
Truslee5' Report
Independent Auditorfs Report
11
Statement of Flnanu81 Aotivilies (including Income and Expenditure Accountl
12
Comp8r81iv8 Ststernent of Financi81 Activiti88 lincludin9 Incoma and Expenditurè Aecountl
13
Balance Sheet
14
S18tement of Cash Flows
15
Note5 to the Slalement of Cash Flows
16
Notes to thè Flnanclal Statements
The followng pages do not form part of the Statutory account8..
Delailed Statement of Financial Aclivilies lincluding Incorne and Expenditure Accounti
24-25

Empire Flghtlng Chance
Company No. 08752389
Trustees. Report For The Year Ended 31 October 2025
The trustees piesent th6ir r8POrt 8nd th8 fin8nci81 staternenls for the year ended 31 Oclober 2025.
Oble¢tlve8 and ActlvStleg
Alms and Obl•ctlV•8
THE CHARITYS OBJECTS I OBJECTS") ARE SPECIFICALLY RESTRICTED TO THE FOLLOWNG.. 1.5.1 TOADVANCE IN LIFEAND
HELP YOUNG PEOPLE THROUGH.'111 THE PROVISION OF RECREATIONALAND LEISURE TIME ACTIVITIES PROVIDED IN THE
INTEREST OF SOCIAL WELFARE DESIGNED TO IMPROVE THEIR CONDITIONS OF LIFE',1111 PROVIDING SUPPORT AND ACTIMTIES
WHICH DEVELOP THEIR SKILLS, CAPACITIES AND CAPABILITIES TO ENABLE THEM TO PARTICIPATE IN SOCIETh AS MATURE AND
RESPONSIBLE INDIVIDUALS., 1.5.2 TO HELP YOUNG PEOPLE. ESPECIALLY BUT NOT EXCLUSIVELYTHROUGH LEISURE TIME
ACTIVITIES IN THE FORM OF AMATEUR BOXING, SO AS TO DEVELOP THEIR CAPABILITIES THAT THEY MAY GROW TO FULL
MATURITY AS INDIVIDUALSAND MEMBERS OF SOCIETY., 1.5.3 TOACT ASARESOURCE FOR YOUNG PEOPLE UP TO THE AGE OF
21 BY PROVIDING ADVICE AND ASSISTANCE AND ORGANISING PHYSICAL AND EDUCATIONAL PROGRAMMES AND OTHER
ACTIVITIES AS A MEANS OF'.111 ADVANCING IN LIFE AND HELPING YOUNG PEOPLE BY DEVELOPING THEIR SKILLS. CAPACITIES
AND CAPABILITIES TO ENABLE THEM TO PARTICIPATE IN SOCIETh AS INDEPENDENT, MATUREAND RESPONSIBLE INDIVIDUALS.,
1111 ADVANCING EDUCATION',11111 PROMOTING PHYSICAL AND MENTAL HEALTH.. IIV) RELIEVING UNEMPLOYMENT.. IV) PROVIDING
RECREATIONAL AND LEISURE TIME ACTIVITf IN THE INTERESTS OF SOCIAL v￿ELFARE FOR PEOPLE WIO HAVE NEED BY
REASON OF THEIR YOUTH, AGE, INFIRMI￿ OR DISABILITY. POVERThOR SOCIALAND ECONOMIC CIRCUMSTANCES, WITH A
VIEWTO IMPROVING THE CONDITIONS OF LIFE OF SUCH PERSONS,. AND 1.5.4 TO PROMOTE AND PROTECT THE PHYSICALAND
MENTAL HEALTH OF PERSONS SUFFERING FROM ILLNESS OR MEDICAL CONDITIONS OFANY DESCRIPTION OR IN NEED OF
REHABILITATION THROUGH THE PROVISION OF PHYSICAL AND EDUCATIONAL PROGRAMMES AND OTHER ACTIWTIES AND BY
PROVIDING OR ASSISTING IN THE PROVISION OF EQUIPMENT, FACILITIES, FINANCIAL ASSISTANCE, PPACTICAL ADVICE AND
OTHER SUPPORTSERVICES. 1.6 NOTHING IN THEARTICLES SHALLAUTHORISEAN APPLICATION OF THE PROPERTY OF THE
CHARIIY FOR PURPOSES WAICH ARE NOT CHARITABLE IN ACCORDANCE WTH SECTION 7 OF THE CHARITIES AND TRUSTEE
INVESTMENT ISCOTLANDI ACT 2005 ANDIOR SECTION 2 OF THE CHARITIES ACT (NORTHERN IRELAND) 2008.
Slgnlficant Activltles
The charity as a part of a wider ne¢work.
The ch8ri1y participa188 in national, inlernabonal and wider aly networks trying to influence policy deuslons, craata co118bor81ive working
cultur85 and impact th8 lives of young people.
The maln actlvlfles undertèktrn In rèlafion to the charitable objectives during Ihe perlod
We have created our own unique approach to help young peop18 make 8 subslanlial and lasting change.
This has been don8 by embedding cutting edge psychology, therapy and intensive personal developm8nt into non-con18¢1 boxing sessions
within slruclured prograrnmes featuring non-contacl boxing, psychological education and rnentoring.
Young people learn how to box and in between physlcal actlmtles we embed powerful, evid8nce-b8sed psychological principles lo create
healthier thinkin9.
We b&lieve that SPDrt c18ars the mind, the physiological changes allowng psychological ones to occur thus C￿&t￿ng 8 positive le81ning 5t8te.
Among rn8ny things, young p80ple learn how lo reduce anxiety through a¢￿pl1ng neyative emotions are translent, bouncing back 8fler
f8ilur88 8nd controlling their 8nger.
Through mentoring young people build the foundations for good physical 8nd ment81 he811h. including a sense of purpose, regular physical
aclivily, a healthy lifestyle and positive relationship5.
Young people with tnore 8CUte is5ue5 P8rtIClP81e in Europe's firsl Box Therapy programme. Based in our gym, a qualified Iheiapist weaves In
therapy while coaching boxing. They focus on supporiing young people to sell-regulate, manage their emotions and change negative way5 of
behavlng. Thls allows individuals to cathartically express themselves lo prO￿s$ difficult experiences. They engage far quicker than trÈ)dillonal
talkino therapy.
We transition young people lo weekly open a¢￿$$ boxing 5es51ons and other services, including 8 W88kly boxino Iraining and therapeutic
space lor young people experiencing mental health issues. Thls is an irnportant step in building r8silience and mainlaining their improved well-
being.
We hav& 81so developed 8 nalional nebvork of organisalions that that we train and support to deliver Boxchampions 8nd 8oxTherapy
progratntn8S.
Th&'Pow8red by Ernpir8' nefvmrk has 58 8rn8leur boxing clubs, 70 youth, sport and therapeutic dellvery organisations that include-
Youth Justic8 Semces
Aclive P8rtnerships
Prtsfe5slonal football foundatioTrs
NHS- Children and adolescent tnent81 he8llh services ICAMHSI
Since June 2022 these partners have raised in excess of £5 mllllon from sales. grants 8nd fundraising, and worked with over 21.000 young
people.
We ara m8king these organis8tions suslain8bl8, wlhin their own communities therefore ensuring lasting, Iransforrnational change.
The eharity's strategies forachieving its aims and objeclfves
..CONTINUED
Page 1

Empire Fightlng Chance
Trustees, Report {continued)
For The Year Ended 31 October 2025
Signiflcant Actlvltl8$- eontlnued
We have sel five goals that wll guide ourwork over the nexl thre8 ye8rs. For 8ach goal we havtr developed a series of tactics lo achievg it.
#I ESTA8LISH A GLOBA
Everythino we do will slort wilh our work in Easton. From our boxing gym in the heart of gur comrnunity, we'll Continue to Innovate, learn by
dolng. dèvelop e￿dence of what works, and share all of this with others who are fighling the sarn8 fight. W8 aim to develop approaches that
are recognised around the wodd for Ihelr power to make significant and lasling improvem8nls lo young people's lives.
Wewll..
. Make eontlnuous improvements, rooted in the Empire Way.. We'll work relentlessly lo m8ke big and small ch8ng65 to ourwork to In¢￿aSe
our Impact on young people. We'll do that whilst constantly slaying Irue who we are and what w8 know works.
Beeotne tnoie data drlven.. We'll push boundaries to strengthen the intelligence we gather from lh8 str8818. young people, our delivery,
8xpertS 8nd 8cadernics. W6 wlll use that to learn, drive improvement, and prove that what we do works.
T8k8 all our current programrnes lo their full potential.. We'll work towards getting all four ol our programrnes operaling al the right scale.
maxlmutn impact, snd to 8 standard Whe￿ we're confident to share them wilh other organisalions.
Reach optimal capaclty.. We'll Increase the number of young people we suppori in Bristol, to a18vel that we b81i8ve 18 optimum for our
ullure. quality of work, plaee In thè eommunlty, and financial suslainabilily.
Transform our boxing gym.. We'll develop our gym to provlde young people and the Empire team wilh the environment they need to do great
work and to en8ble us to propeTty showcasè #nd share our work with partners from around the worfd.
#2 STEP UP FOR OUR CO
UNITY
We will lake on greater responsibility in our local community and olherworking class comrnunili88 8C105s Bristol. We'll Trnvest In, eollaboraie
and Sha￿ with these communities lo colle¢lively move forward. By doing so, we'll help to create places where their young people have a
better chanee ol realising their full potential.
Wts will..
. Become more connected.. We will contribute more lo local straleoies and partnerships, and we'll cr8al8 8 rnore comprèhenslve range of
refeiral relationships to help young people &c¢ess broader. more joined-up support.
. Share our knowledge with others in young people's lives.. W8,11 d8V81op a rang8 of ways to share our èxpertise wth parents and carers,
schools and others who are important in young people lives, lo make us all mor8 8ff8Ctive.
. Share our space wlh olhers who can help.. We'll ￿ate space within our new building for other locsl organisations who c4n provide
addltlonal support to the young people we work with and their larnili8S.
. Sh8rpen our focus on those who need us most.. We'll increase the work we lo do lo eng8g8 and 8UPPOrt young people who a￿ outside
maln5tream Servi￿$ and without advocates in Iheir corner, especially those affected by crime 8nd Molence.
Increase opportunities for talent in our communities.. We'll continu& to priori1188 jobs at Empire for people from 8ri5toS's working-class
eommunltles and expand our netr40rk of employers who can offeryoung p&op18 Opportunities. We wll 81so promote our bellef in Ihe
Importanee of Inereaslng working-class leadership in our sector to our partners across th8 city.
RE
IONALLY AND INTERNATIONALLY
We will step up our efforts lo impact mor8 young people. We'll do that by growing 8 movement of organisations using our work in their
communities, rather than growing Empir8 ilself. We'll 8xp8nd our network of trained partners who are delivering our approach in England and
Wales and consider working in Northern Ire18nd and Scotland. w8.11 use the growing intèrest in our work from across the world to explore
how best lo share our work with p8rlners in other countries.
We will..
Develop our ne￿Ork of trained boxing clubs.. We'll continue to glow the number of box1ng Clubs we have trained, strengthen our package of
support. differentiate our offer lo clubs of different shapes and sizes, and deepen rtrlalionships with those clubs that we think we can make lh8
most impact with.
Strengthen our approach in South Wales.. We'll in¢re888 our presence, range of prograrntnes and impact1n the region. We will collaborate
more extensively. induding with compani8s who can offer young people opportun51ies. We'll make ourwork in South Wales self-suslaining and
explore whelher our improved mod81 could be used in other places.
Explore new ways lo reach young people.. We'll 8xplor8 th8 Potential 10 scale our work through different m￿e1$ and non-boxing club
partners. We will conlinue lo pilol our model in North Wa185, which includes us woiking alongside Wrexham Youlh Justice lo deliver lo young
people as an allernalive to a custodial senten￿.
Share more Empire programmes.. lthen Box Juniors, Box Theiapy and Box Careers a￿ running to their full polenlial, we will document and
share them wilh our ne￿Ork ol trained dubs and other organisations who can usè them to support young people in their communities.
Pilot working inlernalionally.. We'll conlinue lo work wlh global supporters lo explore how best we can Sha￿ our model overseas. We will
develop an approach that works lor partners overse8S 83 well as for our work In the UK. And we'll pilol Ihat approach in a small number of
Countries.
#4 STAND UP FOR WHATWE BELIEVE
We ￿11 find our voice and become a more outspoken organisalion. W8 will se8k out opportunities to stand up for our Be11efs. and aim lo
influence audiences In Bristol, the UK and internationally on issues that 8ff8cl young people and Qui ability to support them.
Wewll..
Grow our inlluen¢e.' We'll significanlly increase our profile at a national 8nd glob81 level and strengthen our credibility by becoming a leading
voice on youlh Violen￿ and other issues experi8nc8d by young people trotn working cla58 communities. We'll use our increased influence to
achleve changes Ihal benefit young people and our community 8nd to Scale our model and promote our partners.
Stand up lor young people.. We'll be in young peopl8's corner to fighl lh8 Injusti￿ that they fa￿. We ￿11 consistently portray young people
as i ndividuals with strength and po18nlial. And we'll provid8 platfottn8 foi thetn to share Ihelr stories and Ideas to influence Ihe world around
them.
Stand up for our ¢ommunily.' W8,11 r81S8 awareness of the issues that impact young people in working class communities in Bristol and
beyond, and we will c311 lor th8 changes that w8 think aro needed to Improve their lives.
Stand up for our model.. We'll advocate lor our approach to be used across more locations In the UK and globally. We will promote why it's
relevant for young people frorn working class comrnunili85, 8nd we'll c411 out the issues that limit ourwork and that of others.
..CONTINUED
Page 2

Empire Fighting Chance
Trustees. Report Icontinuedl
For The Year Ended 31 October 2025
Slgnlflcant Aetlvltles contlnued
Stand with our partners.. W8,11 promote the organlsations who are delivering ourwork, and we'll advocate for the polenli81 of bo￿n9 dubs
and other grassrools org8ni$81ions led by working class eommunily leaders to deliver S￿la1 change.
#5 GET FIT FOR THE FIGHT
We will strengthen our organisalion on s8ver81 fronts so th8t we're equipped to do the bestlob we ean for young people in realising this
strategy. Because the change we wanl won't happen ov8rnighl, we will build an organi8ation forthe long haul. We'll make these changes with
a constant commitment lo retaining what makes us Empire Fighting Chanee.
We wll".
Increase young people's power.. We'll provide mor8 OPPOrtunib8s for young people to shèpè and lead our work. We will develop a richer
plcture of young peoples experience al Empire and use this lo tnake itnprovements to ourwork. And we'll employ more of our young alumni
and create a youth leadership programme lor young people lo take our knowl8d98 into their streets, schools and homes
. Grow Incom6 sustalnably". We'll grow our income in a way Ihal we tran maintsin in the longer terrn. We will diversify our Income by securing
grants from multiple sources, increasing the in¢ome that w8 88rn frorn schools. gfowng our Income trom individuals, companies and events
and exploring new income generating ventures.
Invest in the Empire Team.. We'll increase training lor our peopl8 Oll ISSU8s th81 specificAlly affect th& young people we work with. We will
back hlgh perfomers and invest in areas that are vital for our futur8, including advocacy, data analysis, collaboiatlon and working
Internatlonally. We'll ensure that we continue lo have a young, diverse delivery le8m wth lived experien￿ of the issues young people face.
we'll contlnue to take care of our team by ensuring that Empire is a ￿8c8 where P80pI8 can d8V8lop and feel supported and recognised.
Sharlng leadership.. We'll develop leadership roles and responsibililies across Empire, support people to thrive in those roles, and share
strategie and operational leadership wth a stronger Senior Management T88m.
Voluntegrs
brknng with young p8op18 requires the charity to have a slrong safeguarding ethic.
Consequently, il us85 few volunteers to enable it to meet Ils objectives.
Achlevements and Performance
Maln Aehlèvèments
How the actlvltte$ undertaken during the year contributed to tho achlavtrmènt of the alms and oble¢tlves.
Ourwork seeks to improve how young p80ple think and behave. Wè work towards young people achieving five long term outcomes $0 that
Ihey can realise their unique pol&nlial. These are.. good mental health". redueed risky, eriminal and anti-social behaviours.. engagement with
education, healthy relationships and sustsined 8mploym8nl.
We have developed a multi-layered, personalised programm8 sinc8 our target group ha5 multlpltr. complex needs. Each element creates
positive changes that combine to achieve our outcomes and impacl..
. 8oxlng enables young people lo., make physiological ¢h8nges to boost mental wollb8ing, manage angèr. and improve selfesteem and
confidence as filness and boxing skills increase
Menloring and psychological eduCal￿n enables young people to,. develop 8 S8n58 of purpose and higher a5pirations,' manage mental ill.
health symptoms,. build psychological resilien￿.. lake $l&ps to r8duc& involvetnenl in iisky and antl-50eial aclivilles le.o. leaving a gangl,.
Improve social networks, and strengthen relationships with par8nlsleArers
Box Therapy enables young people lo improve how Ihey'self-regul818' lo better rnanage emotions and ehunge negative ways of behaving
Box Ca￿er$ sessions give young people greater purpose, making school r8lev8nt 8nd s18ying out of trouble rnore Important
Our Theory ol Change is built upon an ongoing proc885 of testing, evldenee gatherlng and leorning. It also reflects resear¢h that has found
correlations beNve8n issue$ experi8nced by young people le.g. youth offendlngl and the abseTh￿ ol outcomes our project seeks lo achieve.
Unlike other youth services, our work offers an opportunity to participale In sport and galn support in ways that feel natural. By having an
enjoyable, non-stigmalising 8xp8ri8nc&, young people turn up. trusl u5 and are motivated to make changes in Iheir lives. Boxing offers several
other benefils, indudino irnproved physiology, incre88ed 5elf-efficacy through mastery and opportunities to make friends.
The main achievem8nts and performancè of thè ¢harlty durlng the year.
W8 8UPPOrted 3170 young people with dlrect dellvery.
The partners h8ve worked with 7265 young people across the UK.
Soxchampions..
93% feel rn0￿ confident
90YI) felt more resilient
94Y• Stopped getting into trouble
99% 8njoy8d box therapy
85Yts felt happler
99% felt hèard and respeelad
Th? ¢J$greè to whlch the achlèvements and perfoTm8nce durlng the year have benefited widgr Society
..CONTINUED
Page 3

Emplre Fighting Chance
Trustees, Report {continued)
For The Year Ended 31 October 2025
MalrE Achlevements- contlnued
We have done a significant amount of work to tackle increasing vlolenee ￿th1Th our communllie$.
We have bèen an inaugural member of the Secrètary of State for DCMS'S Youth Strategy being represented by a young person employed by
Emplre Fighting Chance. We are fighting for change at both a comrnunity and 5ySternic level.
Emplrè Fighting Chance is also pu8hing for a different, region818pproach lo violenc8 pr8vention lo be ro118d out. W8 h8v8 se8n rnodels
elsewhere th8twotk and have been proven to prevent vi018nce, Bristol has to b8 b8tter.
Completed a million-pound Iransfotmation of our b888 at The Mill by building 8 slate of the art 8nnexe. cre8ting share sp8¢8 for organi581ions
to provide further support for those who need IL
Launchlng partneT8hip with a new bo￿ng gyrn in Southrnead, North Bristol, cr8alinu collaboration and inlegraled support.
Quote of our su¢ces¥
'Th8 young people we support are al risk of causing or suffering from very serious youth wolence. Recognising the impact they can have wilh
th8s8 individuals, Empir8 Fighting Chanoa has allowed us lo last track them into il's programmes. Empire is exiremely welcoming and flexible,
esp8cially important when dealing with children who have very complicated needs and may not always be able lo fulfil a rigid limelable of
support. The team also offer a unique environment where young people can be safe, be surrounded by a positive peer group and use sport lo
develop their emotions.
Earty Interyenlion Team, Avon and Somersel Police.
Howthe achievements during the year measure up to the objectives Set
We h8V8 rn818ll lh8 objectives w8 intended lo through the company year.
Flnanclal Revlew
RèsèTVèS Polley
The Board ol Trustees has reviewed the charity's requirement for reserves in light of the main finanaal risks faeing the organisation. A
significant proportion of the charity's income is ￿ceIVed through mulli-year grant agreements, which provides a degree ol short~ to Medium-
term income security and ￿u¢e$ immediate financial risk. However, the trustees recognlse the Importanee of maintalnlng an approprfale
level of reserves lo manage uncertainty, respond to changes In fundlng, and ensure contlnully of Ser￿CeS.
During Ihe year, the tharily ¢ornpleled 8 significant C8Pital investment in ils property, including the development ol Ihg new annexe al The Mill.
Thè total ¢ost 01£1,529kw88 fundèd from 8 wmbln8tion of restri¢ted grants rd13ed spec4ficalty lorlhe developmentand unrestrktsd funds. Thi3
ha$ rèsuned in a ¥lgnifj¢3nt Increaso In both restricted fvnds-where the reslrlcled elemeni ol the buildlng Is held as a fixed asset. and In vnrestricied
deslgnated lunds, wheie the trustees have deslgn*ed £724k to iellect the unrestricted element of the Investment. As a result, a
substantiaj portion of the chailtys total funds are now held in fixed assets rather than Ilquld resources.
To piovide gr8ater clarily OV8T the use of unreslricl8d funds, the Iruslees have designated the following amounts..
£724k 88 a fixed as881 fund. representing the 818rnent of unreslricled resour￿5 invested in the Charity's property.
£400k to support ftjture eapllal Investment In the charity's fÈdlitles.
£120k as an International Programme Fund lo support the development and delivery ol Ihe charity's intemational activities.
£250k as a Community facilities fund ieserved for Ihe potential strateglc investment In facilltles to enhance the charfty's long.tèrm finand
suslalnablllty.
Ai Ihe year end, free reserves were approximately £472k, calwlaled a8 unre8lrfcted funds free of deslgnallon less fvnds Invested In flxed
assets. This represents approxirnalely 4 months of operating expenditure based on current levels ol spend.
P8ge 4

Empire Flghting Chance
Trustees. Report (continued)
For The Year Ended 31 October 2025
Prlnelpal Rl$k and Uncertalntles
We also believe Ihal we h8ve 8d8quale unrestricted 8nd ie5tricted reserves split to servFee what is needed for the future.
We, like most organisalions, are consuous of incre8sing costs and tho difficulties in 8tlracting donations and grant money. have created
different approaches to mitigate Ihese and are confident that they allow us both fre8dotn and 8bilily to movè forward.
There are no material p18n5 expec18d to affect performance next year.
Fundralslng review for the year
All fundraising is carried out in house.
The fundr8ising policy is set out by the CEO.
The CEO has not informed tho trustees of any breaches of the fundr8ising policy.
We run evenis, including an annual quiz, corporate training days and we are supported by peop18 fitsndraising by holdlng èvents such as goll
days or by partiapalion in 10k runs.
he
erfom)anGe
isin
8cIi
8s durin
Ihe
88rè
dinst the fund￿1$￿n
ives set
Income arising trom grant spplieatlons exceeded expectations and events, corporate and public fundraising Mel budg81.
Resetves
Al th8 year end, the charity had
Restricted funds of £804,60012024-£82,9361.
Unresldcled funds of £1,994.13712024.£1.642,9741 ofwhich, £1,494,38012024- £nill w8r8 designated to future èxpendlture
programmes.
At the year end, the leasehold land and property18 Stated 81 cost of £1.528,98812024-£Nill.
The Incrèase in the reslricied fund is predominanlly 118d up in the leasehold 18nd and property.
Futuro Developments
In addition to the plans for the development of the useable space al Ihe ch8rity s core oper8lions C8ntr8 det8iled above, Empire wlll look at
diffeTent ways of measuring our impact and working in more depth with Ihose Ihal need ¢)ur support the rnost, especially through ereatlng
partnershlps across Bristol.
We are looking to incre858 our 8dvocAcy. è5peaslly around how boxing is a powerful tool lor social change. Part ol Ihis will be through oui
scale work wlh partn8rs 8cross th8 UK &4tnpalgnlng for mole Inv65tment in grassrools boxing with social developrnenl programmes.
The growing boxing club network. standing p8rli8menlary coll88gu88 including the All-P8rty Padiamentary Group for Boxing will continue to
push for recognition that our mcmlel provides a low cost, legllimate and authentic altemalive to traditional institution31 Servi￿$.
Through ourcontlnued partnershlp wilh Matehroom Boxing and the Malchroom Foundalion we intend lo work with 8nolh8r 40 boxing clubs.
helping with 8UStainabllily and increased social Impact.
This is an exciting time for Empire-, we sland apart and always have b8f2US8 we think and act diffeienlly. Wrth the contlnued Integrily, energy
8nd commitment ol our staff and support and challenge ol partners will continue lo ch811enge and ensure our voice Is heard.
W8 wll continuè to push for an implernentalion of an Office ol Violence Prevention 8¢ross the region, we 8hould and must do better around
urban Molence.
Referènco and Admlnlstratlve Detalls
Truslees
Dr Simon Newill- Chair
Mr Dave Phillips- Finan￿ Iresigned 17102120261
M5 Kalharine Wlkinson- FInaTh￿ lappoinled 1710Y20261
Mr Nathan Pea￿Y (appointed 17102120261
Mr Mlchael Leaman lappoinled 17102120261
Ms Amy Woodrow18ppointed 17102120261
Page 5

Empire Fighting Chance
Trustees, Report (continued)
For The Year Ended 31 October 2025
MrAbdbfilah Awale lappoinled 29105120251
MrAlexander Campbell
Mrs Charlotte Leslie MP Iresigned 171021202ei
Mr Crispin Busk (resigned 29105120251
other Personnel
Mr Martin Blsp- CEO
Mr Jamie Sanlgar- COO
Charlty Number
1158690
Company Number
08752389
Re9lstered Offl¢e
The Mill,
Lower Ashley Road, Easton
Bristol,
BS5 OYJ
Accountants
Sloggells
Chartered Certified Accountants & Registered Auditors
Hillcrest
Castle Cary Road
West Lydlord
Somerset
TA1160S
AuditOTS
Hlllcrest
Castle Cary Road
West Lydford
Somerton
Somerset
TA116DS
Page 6

Emplre Fighting Chance
Trustees. Report (continued)
For The Year Ended 3q October 2025
Other Information
Trustees appre¢latlon to slgnlflcant donors
The manag8menl and trustees wish to express their appreciation lo the following donors wthout whom the changes Ihal the charity can
deliver lo the Ibves of Ihe charity users would not be possib18
Adey ICAFI
Bemard Sunley
Charles Hayward Foundation
Chiklren in Need
Chimo Trust
Clolhworkers
Comic Relief
Commissioners Crime Prevention Fund
Dame Violet Wlls Trusl
Garfield Weston
G￿gg$ Foun¢Jation
Hargreaves Lansdown
Henry Smith Charity (Box Champions)
The Hodge Foundatlon
Impelus
Innox Foundation
John James Foundation
Julla Rausing FoUnda￿On
Masonic Chaiitablè FoundatiDn
Malchroom Foundation
Hidden Healing Fund1$100kl
National Lottèry Fund
Newby Trust
Nisbet Tiust
Origln Foundation
Paul Hamlyn Foundatlon
PCC Gwent
Pea￿ In our Cltios
R8lse Your Hands
Societe Generale
st Jarnes's Place Foundatlon
PFudence Trust
The October Club
stone Famlly Foundation
Swie Family Foundation
Tuixell Foundation
Underwood TtU5t
ststement of Trusteès. Re8pon8ibilities
Thtr trustees (who are also the directors of Empirè Fighting Chance for the purposes of company lawl are re5ponslble for preparing the
Truste65' Report 8nd the finandal statements In aecoidance with applicabl6 law and United Kingdom Accounting Sland81ds (United lfjngdorn
Generally Accepted Accountlng Piacticel.
Company law requires the Iruslees lo prepare financial statements lor each finaneAal year. Under company law the Iruslees must not approve
the financial statement unless they a￿ satisfied that they give a true and fair view of the state of affairs of the charitable company and of the
Incorning resources and application ol reSoUr￿s, Including the income and expenditure, ol the charit&ble company for that pedod. In preparing
thè financial statements Ihe Iruslees a￿ reqUI￿d to..
select suitable accounting policles and then apply them con515tently'.
observe the melhods and principles In the Charity SORP.,
make Judgments and accounting estimates that are reasonable and piudent,. 8nd
prepa￿ the financial statements on the going COn￿M bas￿$ unless it is inappropriate lo presume that the company will continue in
business.
The Iruste88 are responsible for keeping adequ818 accounting records which disc1088 Wlth reasonabl8 awura¢y al anylima the financial position
ol Ihe charit8b18 comp8ny and 10 8Trabl& them lo ensur8 Ihal the 8c¢ouDls comply with the Companies Act 2006. They are also responsible lor
safeguaidin9 Ihe 8S881s of th8 cornpany 8nd hence for tsknng re8sonable steps for the prevention and detection of fr8ud 8nd olher irre9ularilies.
The trustees are ￿ponSIble for the maintenance and Inleorily of the corporate and financial information Included on the charittsble comp8ny's
webslle. Legislation in the United Kingdom governing the preparation and dlsseminatlon tsf finandal statetnenls may differ from legislation in
olherjurisdiclions.
Page 7

Empire Flghting Chance
Trustees, Report (continued)
For The Year Ended 31 October 2025
Statement of Dlsclosure of Inlormatlon to Audltors
Each of th8 persons who ar8 trusle8s at th8 lime when this trusl888' report is approv8d h88 confirmed th8t..
so far as the trustee is aware, there is no relevant audit inlorm81ion ofwhi¢h Ihe charitable company's 8udilors 8r8 unaware", 8nd
they have taken all the steps that they ought lo have taken as trustees in order lo make themselves aware of 8ny r818vanl audit
information and lo establish Ihal Ihe charitable company's auditors are aware of that information.
Small Company Rul•s
This report has been prepared in accordance with the sperAal provisions relating to companies subject lo the small cornpanies regirne within
Part 15 of the Companies Acl 2006.
The Iru$18es' reportW85 8pprov8d by the board ortrusl8e8 and srgned gn ils beh81f by..
Katharine Wlklnson
Truste8
12 March 2026
Pagè 8

Independent Audltor's Report
to the Members of
Empire Fighting Chance
Oplnlon
We have audited the financial statements Df Empire Fighting Ch8nc8 Ilhe'charity I for the year anded 31 October 2025 which comprise the
Stslemenl of Financial A¢livilie$ lincluding In¢om8 and Expenditure Account}, B81anc8 Sheet, Cash Flow Statement and the ￿lated noles,
including a summary of significant accounting policie8. The financlal reporting frarnework thal has been applied in their preparalion is applicable
law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accouriting Practi￿}. ineluding FRS 102"The Finanaal
Reporting Standard applicable in the UK and Republi¢ of Ire18nd"
In our opinion the financial statements..
give a true and fair view of the slat6 of thè charitable company's affalrs as at 31 October 2025 and of its incomin9 resources and
application of resources, forthe ye8r then ended.,
hav8 been prop8rty pr8par8d in 8ccordance with United Kingdotn Generally At￿pted Aecountlng Practiee,. and
have been prepared in 8ccordanc8 Wth the requir8m8nls of th8 Companies Act 2006.
Basls for Oplnlon
We conducted our audit in a¢oordanc8 Wlth Inlernalional Slandaids on Auditing IUK) IISAs IUK)18nd 8ppllcable law. Our responsibilities under
those standards are fvrther described in the Audilor's responsibili1188 for the 8udil of the financial 51atetnenls section of our report. We a
independent ol the charitable cornpany in accordance wth the ethical requirements that are relevant to our audit of the financial stalemenls in
the UK, indudino the FRC'S Ethical Standard, 8nd the prowsions available for small enlilies, in thè eircumstanees set out In note 25 to the
financial stalemenls, and we have fulfilled our other elhiGg1 r8sponsibilit188 in accordance wth these requlrement5. ￿ bèlievè that the audit
evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Concluslons Relating to Golng Cone•rn
In auditing the fin8neial siatements, we havtr eoncluded that the trustees, use of the going concern basis ol accounting in the preparalron of the
fin8ncial st8tetnents Is 8ppiopriatè.
Based on the work we have performed, we have not identified any material uncertainties re18ting to &V8nt5 or conditlOll5 that, individually or
eollectively, may cast significant doubl on the charitsble cornpany's abilily lo continue as a going concem for 8 period of at18ast 12 tnonth8 from
when the finaneial statements are aulhorised for issue.
Our responsibilities and the responsibilitl8s of th8 Irusl885 Wlth iespect to goin9 concem are described In the ￿levant sectlons of this report.
Other Informatlon
The other Information comprises the inlormalion included in the annual report, other than the financial stalem8nls and our 8uditoVs r8POrt
Ihereon. The trustees are responsible for the other information contained within Ihe annual report. Our opinion on lh8 financial stalem8nts d08S
not cover the other Infoimatlon and, except lo the extent otherwise explicitly staled in our r8POrt, we do nol expres8 any forrn of assurance
conduslon thereon. In connection with our audit of the financial statements, our responsibilily is to read the olh8r information and, in doing 80.
considerwhether the other information is mater￿llY inconsislenl wilh the financial slalemenls or our know18dg8 Qblained in th8 audit or
othetw15e appears to be materially misstated. If we identify such material inconsistencies or apparent material rni88latem8nls, w8 8re Tequired to
delettnine whether this glves rise to a material misstatement in the financial slalemenls themselves. If. based on the work w8 h8ve performed,
we conclude that there is a materfal misstatement ol this olher informalion, we a￿ required to report that tsct.
We have nothing lo report in this regard.
Opinions on Other Mattèrs Proscrlbed by the Companles Act 2006
In our opinion, based on the work undertaken in the couis8 of the audit..
the infomialion given in the Trustees, Report. which includes the Slralegic Report and Dir8clorfs Report pr8p8red for the purposes of
company law, for the financial year lor which the financial statements are prepared 1$ ¢onsislenl with th8 financial statements,. and
the Strategic Report and Direclorfs Report included within the Trust888' Report h8V8 been prepared in accordance wth applirablè legal
requirements.
P8ge 9

Independent Auditor's Report (continued)
to the Members of
Empire Fighting Chance
Matters on Whleh Wè Arè Requlr8d to Rèport by Exceptlon
Irtr the light ol the knowledge and understanding ol the charitable cornpany and ils environment obtained in the course ol the audit, w8 have not
identified material misslalemenls in the Slrategio Report orthe Director's Report included within the Tnjstees, Report.
We have nothing to ￿port in respect of the lollowng matters In ￿latIOn to whlch the Comp8nles Act 2006 ￿qUIreS us to ￿port to you if, in our
opinion..
adequate accounting records have not been kept or relums adequate lorour audit have not been received from bran¢he5 not wsiled by
us.. or
th8 financial statements are not in agreement with the ac¢ounling records or returns.. or
certain dis¢losures of trustees. remuneration specified by law are not made.. or
we have not received all the infomialion and explanations we require lor our audil.. or
the Iruslees were not enlilled to prepare the financial statements in 8cCOrdan￿ with the small companies regime and lake advantage of
the small companies, exemptions in preparing the Tfuslees, Report and from the requi￿rnent to prepare a Strategic Report.
R•sponslbllltl•s of Tru¥tegs
As explained more fully in the Trustees. Responsibilities Statement sel out on page 1-8, the Iruslees (who are also directors of the charitable
cornpany for the purposes of company lawl are responsible lor the preparation of the f nancial slalemenls and for being satisfied that they giv8 a
true and lair view, and lor such internal control as the Irustees determine is necessary lo enable the preparation ol financial slalemenls that are
free frorn material misslalemenl, whether due to fraud or error.
In preparing Ihe financial statements, the Iruslees are ￿spOnsible for assessing the charitable company's ability to continue as a going concern,
disclosing, as applicable, matters related lo going concern and uslng the going cOn￿M basls of accounting unless the trustees either intend to
liquidate the charity or to ￿ase operations. or havts nts realistlc altematlve bul to do so.
Page 10

Independent Auditor's Report (continued)
to the Members of
Empire Flghting Chance
Audltor's Re8pon8ibilltles for the Audit of the Financlal Statlmènts
Our objectives are to obtaln reasonable &ssurance about whether the financial stalern8ntS 8S 8 whole are tree from material misslatemenl,
whether du@ to fraud or eiror, and to issue an audltor's report that includes our opinion. Reasonable a85uranc8 15 a high level of assuran￿, but
is not a guarantee that an audit conducted in accordance with ISAS IUK) will a￿ayS detect a material misstatement when it exists.
Mlsstatements can arise trom traud or error and are considered material if. individually or in Iho aggregate, they could reasonably be expeded
to Intluonce thè treonornlc dec15ions of ustsrs taken on the basis of these financial slatem8nls.
Th8 8xl8nt lo whlth our procédures arè capable of detecting Ir￿g￿larItIes, including fraud is delai18d b810w'.
Irreoul8rilles. including fraud, are instances of non-complian￿ with laws and regulations. We Identlfied and assessed the risks of rnaterial
misstatement of the financial statements from irregularities, wheth8r due to fraud or error, and discussed these beiween our audit team. We then
deslgned and performed audit prO￿dUreS responsive to Ihose ri3k$. including obtaining 8udil evidence suffident and appropriate to promde
basi5 for our opinion.
oblained an understanding ol Ihe18g818nd regulatory framework5 Wlthin vthlch the charily and group operates, focusing on thos8 laws and
regulations that have a di￿¢1 effect on the delemiinalion of rTr8terial amounts and dIsclosu￿$ in the financial statements. The laws 8nd
regulations we considered in this context were the Charities Acl 2011 togetherwth the Charities SORP IFRS 1021. We assessed the required
Compliance wlh these laws and regulations as P8rt of our 8udlt procedures on the related finanaal statement items.
In addition, we considered provisions ol other laws and regu181ions th81 do not hav8 a diiect effect on the finaneial statements bul compliance
ryth which mlght be fundamental to the charity's and the group's ability to OP8r818 or lo avoid a rnaterial penally. We also considered the
opportunities and in￿ntiVeS that may exist within the charily and th8 group for fraud. The18W5 and regulations we considered in this conl8xt for
th6 UK operations were the laws and regulations we considered in this context for the UK operatlons were General Data Protection Regulation
and health ènd safety legislation.
Auditing standards limit Ihe required audit proc8dur88 to identty non-cornpllance wllh theselgws and regulations lo enquiry of th8 Trustees and
other management and inspection ol regulatory and18g&l correspondence, if any.
W8 id8ntified the greatest risk of tnaterial Impact on the financial statements frorn irregularities, including fraud, to be wilhln the timing ol
r8cognilion of incorne, piomsions and the override of eonlrols by management. Our audit procedur85 lo r&5pond to these iisks Included
8nquiri88 of managernent, internal audlt, and the AudSl Committee about their own idenlificalion and a$888srnent of the ri8k8 of Irregularities,
analytical procedures and sample testing of income. sample lesling on the posting of journals, reviewng accounting estlmates for biases in
particular the judgements and 8ssumptlons in respecl ol claims provisions. sample testing of movements within prO￿S1onS and inquiry of legal
advisor8. r&￿ewing regulatory Corresponden￿ with the Charity Commission and other regulaloTS. and reading tninules of meetings of those
ch8rged wth gov8Tll8nce.
Owing to the inh&renl limTrtations of an audit. there is an unavoldable risk that we may not have deleoled som8 m81erial tnisstatements In the
nancial sta18m8nls, even though we have propedy planned and performed our audit in accordance with auditing st8nd8rds. For example, the
further removed non-compli8nce wth law5 and regulatlons Ilrregulariliesl is from the events and transactions r811ecled in the financial
slatemenls. Ihe less likely th8 Inhe[8n￿Y lirniled pmeedures requlred by auditing standards would identify it. In addition, as wth any audlt, thero
remain8d a higher risk of non-detecllon of Iiiegularitles, as these may involve collusion, forgery. inlenlional omissions, misrepresenlatlons, or the
ov8rrid8 of intemal controls. We are not responsible fr>r p￿VentIng non-complian￿ and cannot be 8xpe¢led lo detect non-compllanee ￿th all
laws and regulations.
A further descriptlon of our responsibilities lor Ihe audit ol the financial st818m8ntS 15 located on the Flnanclal Reporting Council's website
www.frc.org.ukl2udiiors￿sponslbllitles. This description forms part ol our audilorfs report.
Use 01 OurReport
Thi5 report Is made 501ely to t
2008. Our aud.
ork has b
state to the
n audilo¢
anyone ot
anthec
opinions
vè form
harilable company's members, as a body. in accordance with Chapter 3 of Part 16 of the Companies Act
dertaken so that we mtght slate lo the ch8ri18b18 COrnP8ny's tn8mbeis those matters that we a￿ required to
and for no other purpose. To th8 fu118St 8Xt&nl permilled by law. we do not 8￿p1 or assume responsibility lo
company and the charitable company's members as a body. forouT audit work, forthis report, or for the
repo
DavKI Ronald Sloggell FCCA (Senior Slatulory Auditorl
for and on behalf ol SIogg8tt$ Limited, S181ulory Auditor
12 Maich 2026
Sloggells Limited
Castle Cary Ro8d
Wesl Lydlord
Somerton
Somer$8t
TA116DS
P8gè 11

Empire Fighting Chance
Statement of Financial Activities {including Income and Expenditure Account)
For The Year Ended 31 October 2025
2025
2024
Unrestrlcted Re$trl¢ted Total fund5 Total funds
funds
fund$
Notes
INCOME AND ENDOWMENTS FROM:
Donations and lega¢ies
Charitable activities
802.449
185.430
9.033
1.699.972 2.502,421
185.430
g.033
2,105,220
196.341
Inve51mentS
996,912 1,699,972 2,696,884 2,301.561
EXPENDITURE ON=
Charitable activities
1511,3191 1978,3081 11,624.0571 11,438,228)
1134,4301
Fundraising 8clivilies
NET INCOME
351.163
721,664
1,072,827
863,333
NET MOVEMENT IN FUNDS
351.163
721,664
1,072,827
863.333
RECONCILIATION OF FUNDS..
Total funds brought foFW8rd
1,642,974
82,936
1.725,910
862,577
21
TOTAL FUNt)S CARRIED FORWARD
1.994,137
804,600 2.798.737
1,725.910
Th8 nole5 on page5 16 10 23 lomi part ol these finanrial slalam8nts.
Page 12

Empire Fighting Chance
Comparative Statement of Financial Activities {includlng Income and Expenditure Account)
For The Year Ended 31 October 2025
2024
Unrestricted Restrletèd Total funds
funds
funds
Notes
INCOME AND ENDOWMENTS FROM:
Donalions and legaues
Charitable aclivilies
1,273,984
196,341
831,236 2,105,220
198,341
1,470,325
831.236 2,301,561
EXPENDITURE ON..
Charitable 8Ctivllie$
1578,4481 1859,7801 11,438,228)
NET INCOME
8g1.875
128,5421
B63,333
NET MOVEMENTIN FUNDS
RECONCILIATION OF FUNDS:
891.875
128,5421
863,333
Total funds brought fotwaid
751,099
111,478
862.577
TOTAL FUNDS CARRIED FORWARD
21
1,642,974
82.936
1,725,910
The notes on pag88 16 to 23 lomi part of these financial $18lem8nts.
Pagè13

Empire Fighting Chance
Balance Sheet
As At 31 October 2025
2025
2024
Unrestrl¢led Restrl¢ted Totsl funds Totsl funds
funds
lunds
Notes
FIXED ASSETS
Tangible Assets
13
751,747
804,600
1,556,347
17.720
751.747
804,600
1,556,347
17,720
CURRENT ASSETS
Dabtors
14
50.175
600,000
853.502
50.175
600,000
1,207,818
335.298
Inveslrnenls
Cash al bank and in hand
15
354,118
2,118,058
1.503.677
354,116
1.857,793 2.453.356
Credltors: Amounts Falllng Due Within One Year
16
1261.2871 1354,1161 1615.4031 1745,1661
NET CURRENT ASSETS ILIABILITIESI
1.242.390
1.242.390 1.708,190
TOTAL ASSETS LESS CURRENT LIABILITIES
1.994,137
804,600 2.798.737 1.725,910
NET ASSETS
1,994,137
804,600
2.798,737
1.725,910
FUNDS OF THE CHARITY
Reslrided Funds
Unrestricted Funds
804,600
1,994,127
82,936
1,642,974
TOTAL FUNDS
21
2,798,737
1,725,910
Tne3e accounts h8ve been pr8p8red in 8ccoid8nc8 Wth th8 provisions 8ppIiGgbl8 to cornpani85 subject to the small companies regirne.
On behalf of the boar(J
Kalharine Wlkinson
Trustee
12 March 2026
The notes on p8ges 16 10 23 form part of these financi815t8tem8nl8.
Page 14

Empire Fighting Chance
statement of Cash Flows
For The Year Ended 31 October 2025
2025
2024
Notes
Cash Itows from operating actlviti85
Nel cash gen8rated from operalions
Interest paid
1,224,447
12831
547.731
12381
Net cash generated from operatlng actlwties
1.224,164
547.495
Cash flows from Investlng actlvltles
Purchase of tangible assets
Inte￿$t ￿ceiVed
11.543,6371
9,033
17801
Nel cash used in investing activities
11,534,604)
17801
IDecreaselAncrease in cash and cash 8quiv8lents
C8sh and cash equivalents al beginning ol year
1310,4401
2.118,058
546,715
1,571,343
Cash 8nd cash equivalents at end of year
1,807,618
2,118,058
Page 15

Empire Fighting Chance
Notes to the Statement of Cash Flo￿
For The Year Ended 31 October 2025
Reconciliation of in¢ome lo cash generated from operations
2015
2024
N8t incorne
1.072.827
863,333
Adjuslrn8nl8 for..
Interest expense
Interest income
Depreciation ol langible assets
Movements in wort(ing capilal..
DeereaselllncreasBI in Iiade and othEr debtors
D6cr6a8e in tiade and other credito
283
236
19,0331
5.010
5,842
285.123
1129.7631
197,6011
1224,0791
Net cash generated from operalions
1.224,447
547,731
2. Cash and cash equivalent8
Cash and e£sh equivalents. as stated in the Statement of Cash Flows, relates to the followlng Sttsm5 In the 88lanc6 Sheet..
2025
2024
Cash al bank and in hand
Short tem deposlts Includlng current asset Investments (less than 3 monthsl
1,207,618
600,000
2,118,058
Cash and cash equivalents as stsled in Ihe Slalemenl ol Cash Flows
1,807.618
2,118,058
3. Analy818 of changes In net lunds
Asat1
November
Cash flow
Asat31
October 2025
2024
Cash al bank and in hand
2,118,058
1910.4401
600,000
1,207,618
600.000
Short terrn deposits including current asset investments (less than 3 months)
Cash and cash equivalents
2,118,058
1310,4401
1,807.618
P898 16

Empire Fighting Chance
Notes to the Financial Statements
For The Year Ended 31 October 2025
1. Gtrngral Inloimatlon
Empire Fighting Chance is a company limited by guarantee, incorporated in England & Wales. r8gisler8d nurnber 08752389 and registered
charity Trurnber 1156690. The registered Offi￿ is The Mill,, Lower Ashley Road, Easlon, Brislol,. BS5 OYJ.
2. Accountlng Pollcles
2.1. Basis of Preparation of Flnancial Ststements
The finan￿al slatemenls have b88n prepared in aeeordance with the Charitles SORP IFRS 1021 Accounling and Reporting by
Charities.. Statement of R8commended Practice applicable to charities preparing thelr accounts in accordance wth the Financial
Reporiing Standard appliGgb18 in th8 UK and R8public of Ireland IFRS 1021 leffeetive 1 January 20191" Financial Reporting Stand8rd
102"The Financial Reporting Standard applir2ble in the UK and Republic of Ireland. and the Companies Act 2006.
Th8 chari18bl8 Cotnpany is a Public Benefit Entlty as defined by FRS 102.
2.2. Incomlng Resources
Income. whèther from exchange or non tsxchange Iransaclions. is recognised in the $18tem8nl of financial actiwties ISOFAI on a
receivable basi5, when a transaolion or other event results in an increas8 in Ihe charity's a$88ts or 8 reduction in its liabllitles and only
wh8n the charity has legal enlitlemenl, the income is probable and can be measured reliably.
Income subject to terms and conditions which musl b8 rn81 b8for8 the charity is enlilled to the rtr50uretrs is not recognised until th8
conditions have been met.
All incorn8 is 8ccoun18d for gross, before deducting any related fees or costs.
Where lerrns and Conditions r81ating lo incorn8 have not been met or uneertainty exlsts as to whether the charity can me81 any lemis or
conditions olherwise wilhin ils ¢onlrol, incom8 IS not recognised but is deferred as a liabl1￿Y until it is Probable that the lerrns or
conditions imposed can bg mel.
Any grant thal is Subject to perfomance-￿laled conditFons received in advance ol delivering the goods and services required by that
condition, or is subject to unmet conditions wholly outslde the control of the recipient charity. is accounted for 88 8 liability 8nd shown on
th@ balan￿ sheet as deferred income. Deferred income is released lo income in Ihe reporting period in which the perfomance-rtslated
or oth8r conditions that Ilmll recognltion are met.
W)en income from a grant or donation has not been rewnised due to th8 conditlOn5 applying to the gift not beino wholly within the
Control ol the re¢ipienl charity, il is disclosed as a ¢onting8nt 8ssel if Tec8lPt of the giant or donatlon Is probable On￿ those conditions
met.
ei6 lime related conrjitions are imposed or implied by a fvnder, then th8 income is apportioned to the tlme periods COn￿Med,and.
where 8ppllcable, Is sceounled for as a liability and shown on the balance sheet as deferred income. Mhen grants are received In
8dvance of the expendllure on the aclivily funded by them. bul there are no sperific tim8 r81818d conditions, thon the income Is not
def8rred.
Any condition Ihal allows for the recovery by th8 donor of any unexpended part of a granl does not prevent recognition ol the income
concerned, but a liability lo any repayrngnt is recognised when rep8ytnent becornes probable.
Income received which relates to a muhi year obligatTron Is tlme apportroned using the besl method applicable 8nd d8ferr8d wh8re
applicable.
Income received which 13 given for 8 specific puip05e 15 treated as restricted ineome when allocating lo funds and matched to the
expense lor which il was given or tr88t8d 8s deferred if not 5penL
2.3. Tanglble Flxed Assets and Depreclatlon
Tangib18 frxed assets are tneasured at cost lèss aeeumulated depreciation and any a¢cumulal8d impairment losses. D8pr8C181ion is
provided at r8188 calculated lo write off the cost of the Iixed assets, less their estimated residual value. ov8r their expecled useful lives
on th8 following b8ses'.
Legsehold
Plant & Machinery
Motor Vehicle5
Slraight line over the e51irnated term of the lease
20% slralght line basls
200% slraighl line basis
2.4. Cash and Ca8h Equhvaleni8
Cash and cash equivalents are basic finan¢ial 8ssels 8nd includ8 cash in hand 8nd deposlls held at call with banks, olher short-temi
hlghly Ilquld1nvestmenls that mature in no more than three rnonlhs frotn the d8te of acquisition 8nd are readily convertible to a known
amount of cash with insignificanl risk of change in valu8, and bank overdrafts.
3. Income from Donations and Legaclès
P8ge 17

Empire Fighting Chance
Notes to the Financial Statements {¢ontinuedl
For The Year Ended 31 October 2025
2025
Unre8trict8d
Rèstrlct•d
Total
fund¥
fund9
funds
Donations 8nd gitts
Grants
183,358
619,091
1,037,970
e62,002
1,221,328
1,281.093
802,449
1,899,972
2,502,421
2024
UnreBtricted
Restricted
Total
fund8
fund8
funds
Don8tions 8nd gifts
Grants
816,928
457.056
293,861
537,375
1,110,789
94,431
1,273.964
831.236
2,105.220
4. Income from Chaiitablè Activltlas
2025
2024
Unrastrlcted
funds
Unrestrlcted
funds
Main 8Ctivily
185,430
196,341
5. Investmènt It)come
202S
2024
Unrestricted
Unrestr4Cted
funds
fkEnds
Bank interest receivable
9,033
6. Government Grants
Gov8rnm8nl gr8nts recogni5ed in the accounts were as follows..
2025
2024
Central govemm8nl grants 8nd contributions
3,250
7. Net In¢omellExpenditurel
The net income is staled after chargingllcreditingl..
2025
2024
Bad debts
Depreda11on of tangible fixed assets. owned
360
5.010
5.842
Page 18

Empire Fighting Chance
Notes to the Financial Statements {continued}
For The Year Ended 31 October 2025
8. Analy51s of Exp•ndltura
2025
Actlvltles
undertaken
dlrectly
Supportcosts
(see note 91
Total
Main activity
1,540,988
83,069
1.624.057
2024
Activlties
undertaken
dlre¢tly
Support costs
Isee not8 9)
Total
Main activity
1,350,352
87,876
1,438,228
g. Support Costs
2025
Maln actlvlty
Employee ¢osl$
General admini$lr8lion
46.305
21.770
14,9g4
Governance cosis
83,069
2024
Maln aetlvlty
Employee costs
General administration
46,174
34,902
6.800
G0Veman￿ costs
87.876
10. Auditor's Remuneratlon
Remuneralion received by th8 ch8ritable company's audltors and their associates during the year was 8s follows..
2025
2024
Audit Services
Audit of the company's financi81 s18tements
6,800
6,800
Other Servlce
Other non-audit servi￿8
1.500
1,500
Page19

Empire Fighting Chance
Notes to the Flnanclal Statements {continuedl
For The Year Ended 31 October 2025
11. Staff Costs
Staff tosls were as follows..
2025
2024
Wages and salaries
Social securily Costs
Other penslon costs
961,383
87,421
15,998
932,027
68,142
16,058
1,064,802
1,014,227
The number of employees whosa efflployee benefits, excluding employer penslon costs, ex¢eeded £60.000
during Ihe year was..
£80,000-£90,000.. 2
12. Averagè Number of Employees
Average number ol employees during the year was.. 4112024-. 421
13. Tangible Assets
Land &
Property
Leasehold
Plant &
Machinery
Motor Vehl¢les
Total
Cost
As at 1 Nov8mber 2024
41.245
14.669
32.012
73,257
1,543,637
Acldilions
1,528,968
As at 31 October 2025
1.528,è68
55,914
32,012
1,616,894
Depre¢latlon
AS 31 l November 2024
Provided during the period
29,041
3,631
26,496
1,379
55.537
5.010
AS 8131 October 2025
32,672
27,875
60,547
Net Book Value
As 8131 October 2025
1,528,968
23,242
4,137
1.556.347
As at 1 November 2024
12,204
5,516
17,720
No depr8cialion has been provided on tlie Leasehold pioperty durino Ihe year as the prole¢l complalion dale and handover was 31 October
202S, and Ihe new annexe wasnt occupied unlil after the year end.
14. Debtors
2025
2024
Due withln one year
Trade deblors
16.590
33.585
25,245
310.053
Other debtors
50,175
335,298
15. Current Asset Inveslments
2025
2024
Short term d8posi1s
600,000
Page 20

Empire Flghting Chance
Notes to the Financial Statements (continued)
For The Year Ended 31 October 2025
16. CTedltors'. Amounts Falllng Due Wilhln One Year
202S
2024
Trade credltors
87,293
20,270
507,840
57,238
12,375
675,553
Taxallon and social security
Aeciuals and defeired ineome
615,403
745,168
17. Deferred Income
Deferred income movements in the yearwere as follows..
2025
2024
Balance al the start of Ihe perioEI
Income deferred in the current period
Amounts released in income Irorn previous periods
659.645
488,458
1659,6451
898,956
659,645
18g8,9561
Balance al th8 end of th8 P8ri0d
488,458
659,645
18. Contlngent Llabllltles
The English Sports Council holds a legal charge over the charitys leasehold property which was giv8n in exchange for an award of £360.000.
Th8 chaige would be èxecuted If the leasehold properly fails lo be used for the purposg ol the ¢h8ri18b18 objectives in particular, Ihe sportlng
8nd wellbeing 81ernents.
11 Ihe ch8rity w88 lo clos8, there would be redundancy payments. holiday pay and pension contributions to pay.
As il is not forse8n the charily n8eds to do$tr. thèse have not been provided for.
19. Other Commltments
The lolal ol fiJlur8 minimum lease paymenls under non-cAnc8118ble operatlng leases are as followng..
202S
2024
Later than one year and not later Ihan five years
12.380
18,996
12,380
18,996
The eharity ￿ntS leasehold premises trom Bristol City Council.
One part of the property Is on a 34 year lease granted in 2024 at the rent ol one pepp8rcom per year.
The second part of the pioperty is on 8 999 year lease granted in 2024 al Ihe rent of one peppercom peryear.
20. Penslon ¢ommltments
The eharilable company operates a defined conlribulion pension scheme. The assets of the scheme are held separately from those ol the
charitable ￿MpanY In an independenlly administered fund.
During the ye8r the charge lo Ih8 s18ternent of financial aelivitles in ￿SpeCt of defined conlribulion schemes w8s £1 S,99812024: £18,058).
At the b8larn￿ sheet dale conlributions of £NIL were due lo the fund 8nd are induded in cieditOTS.
P8ge21

Emplre Fighting Chance
Notes to the Financlal Statements (continued)
For The Year Ended 31 October 2025
21. Movement In Fund8
Asatl
November
2024
A38t31
October 2025
Income
Expendlture
Transfers
Unrestrlcted funds
General..
General unrestrlcted fund
1,642,974
996,912
1645,7491
11,494.3601
499.777
D85ignated-.
Designated fund - Built buildings In use
Designated fund - Buildlng development fund
Designated fijnd - International programme fund
Designated fvjnd - Comrnunily facilitie5 fvnd
724,360
400.000
120,000
250,000
724,360
400,000
120,000
250,000
1.494,360
1,494,360
Total unrestrlcted fund3
1.642,974
996,912
1845,7491
1,994,137
Rostrlcted funds
Restrided funds
82,936
1.699,972
1978.3081
804,600
Total funds
1,725,910
2.696.884
11,624,057)
2.798,737
Asat1
November
Asat31
October 2024
2023
Incomè
Expendlture
Unrestrlcted funds
Gener81'.
General Un￿striCted fund
Restricted funds
Restricted fijnds
751,099
1,470,325
{578.4501
1.642,974
111.478
831,238
1859.7781
82,936
Total fund$
862.577
2,301,561
11,438,228)
1.725,910
22. Tran5actlons wlth Trustees
None ol Ihe trusle8s received any remuneration or any other benefils from an ernployrnentwth the charity or a ￿lated enlily dunno the current
or previous year.
No Iwslee expenses have been incurred.
23. Related Party Dls¢losures
Bristol Boxing. a company in which the COO, Mr Jamie SarTrigar has an interest rented part ol the building. The Fent charged amounted to
£12,000 and was on an arms18nglh ba81S.
24. Company Ilmlted by guarantee
The cornp8ny Is lirniled by guarantee and has no share capital.
Every member of the company undertakes lo conlribul8 to Ihe 8ssets of the wmpany, in the event ol a winding up. such 8n amount as msy be
requi￿￿ not exceeding £10.
Page 22

Empire Fighting Chance
Notes to the Financial Statements IcontTnued)
For The Year Ended 31 October 2025
25. FRC'3 Ethical Standard- Provlslon Avallabl& for Small Entltles
In common wilh other businesses of our size and natu￿ we use OUT auditors lo prepare and submit retums to the lax authorities and assist wilh
the preparation ol the financial slalemenls.
Page 23

Empire Flghtlng Chance
Detalled Statement of Flnancial Activities {including Income and Expenditure Account)
For The Year Ended 31 October 2025
2025
2024
Total
funds
Totsl
funds
INCOME AND ENDOWMENTS FROM:
Donatlons and legacles
Corporate donation5
Donations frorn individu81s
Donations from oryani8atrons
Grants
Government Grants
92,841
136,316
992,171
1,277,843
3,250
47,035
760.643
303,111
994,431
2.502,421
2,105.220
Charltable Actlvltles:
Main actlvlty
Income from charitable activities
Letting of rooms
173,430
12,000
185.141
11,200
185,430
196.341
Investments
Bank Intere8t receiv8b18
9,033
9,033
2,698,884
2,301,561
EXPENDITURE ON..
Gharitable Activlties-
Maln aetlvlty
Kil and ¢lolhing purchased and hI￿d
Wages and salaries
Employers Nl
Employers pensions- defined conlribution schemes
Travel and subsistence expenses
Hire and leaslng of motor vehlcle5
Con5ullancy fees
Vehlde iunning costs
Vehicle fuel costs
19,471}
1915,078)
187,421)
115,998}
173,299)
16,2451
1242,180}
14,8551
13,6621
155,0061
122,5521
15,4801
119,7481
12,8781
14,2251
1885,8531
188,1421
118,0581
136.9911
16,1581
1172,0011
15,IS11
13,3231
154,4031
116,0481
19,7901
111,8431
11,1351
13601
154,7931
15,8421
12361
146,1741
..CONTINUED
Premises costs
Compuler sofware. IT consumables and maintenance
Repairs, renewals and maintenance
Insurance
Printing. postage and stationery
Bad debts written off
Olher direct eosls
Dep￿claI10n
Bank eharges
dges and salaries
172,0221
15,0101
12831
146,3051
P8g8 24

Empire Fighting Chance
Detsiled Ststement of Financial Activities {including Income and Expenditure Account) {continuedl
For The Year Ended 31 October 2025
Advertlslng and marketing costs
Accountancy feè5
Audit fe88
114,9701
16,8001
114.9941
120,0541
114,8481
16,8001
11.624,0571
11,438,228)
11.624.057)
11,438,228)
NET INCOME
1,072,827
863,333
Paae 25