Charity rogi5tration number 1158631
THE MARCELLUS BAZ FOUNDATION (FORMALLY NO￿INGHAm
SCHOOL OF BOXING)
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

THE MARCELLUS BAZ FOUNDATION (FORMALLY NOTTINGHAM
SCHOOL OF BOXING)
LEGAL AND ADMINISTRATIVE INFORMATION
Trusteès
MBaz
J Smalley. Chair
M McGralh
R Pender
F Uddin
{Appointed 25 November
2023)
(Appointed 1 April 2023)
S Haque
Charity nufflber
1158631
Principal addre55
163 Woodborou9h Road
Nottingham
NG3 1AX
Independont examiner
PKF Smith Cooper Limhted
2 Lace Market Square
Nottingham
NG1 1PB

THE MARCELLUS BAZ FOUNDATION (FORMALLY NorriNGHAM
SCHOOL OF BOXING)
CONTENTS
Page
Trustees. report
Independent examiners report
Slalement of finanaal aclivfties
8alance sheet
Notes to the financial slalements
7-13

THE MARCELLUS BAZ FOUNDATION (FORMALLY NOThINGHAM
SCHOOL OF BOXING)
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 MARCH 2024
The truslees present Iheir annual report and financial slalements for the year ended 31 March 2024.
The accounts have been prepared in accordance with the accounting polKies set out in note 1 to the accounts
and comply with the charity's Constitution. the charit￿ Act 2011 and "Accounting and Rewrting by Charities..
Sialemenl of Recommended Practice applicable lo charities pieparing theif accounts in accofdance with the
Financial Reporting Standard applicable in the UK and Republic ol Ireland {FRS 102)" {as amended f
accounting periods cornrnencing from 1 January 20161
Since Ihe charity qualifies as small under section 382 of the Companies Act 2006. Ihe Strategic report required of
medium and large companies under the Compan￿5 Act 201K (Stralegic Report and Directorfs Reporti
Regulalions 2013 has been omitted.
Objectlves and actlvltles
The charity and ils property are managed and administered by a committee comprising Ihe officers and other
members elected in accordan￿ with the ConslitulioTr. The officers and other members of the committee are the
Iruslees of the charity and in the Conslilulion are logether called 'the trustees.. The charity has a chairperson.
secretary and a treasurer.
In setting objectives and planning for activities. the Trustees have given due consideralion lo general guidance
published by the chafily commission relating lo public benefit at)d in particular lo its supplementary public benefit
guidance on Education and learning.
The objec15 01 the charity (objects) are. without weference to race. sex. disability. creed or so(ial background, for
the benef￿ of children, young people and adults in Nottinghamshire and other counties in the East Midlands..
1. The advancement ol amaleur 5POrt for children. young people at￿ aduNs lo participate in boxing and other
leisure-lime activities so that they might 9row lo maturity as individuals and tIU5tees of society and so that
their conditions of life may be improved
2. To act as a resource for children. young people and aduhs ty providing advi￿ and assistance and
organising programme5 of physical. educational and other adivilies as a means of..
advancing in life and helping young people by developing their skills. capacilies and capabilities to enable
Ihem lo participate in society as independenl. mature and responsible individuals:
b. advancing edu¢￿tIon in such ways as the trustees think fit..
c. the relief of unemployment for Ihe benefrt of the public in suth ways as may be thought fit, induding
assislan¢e lo find employment.,
3. To Fxomote so(ial inclusion for the public benefrt by preventing people from becoming socially excluded,
rel￿vIng the needs of those people who are 50cialty exduded and assisting them ta inlegiate into society.
(For the purpose of Ihis dause 'socolly exduded. means being exduded from soaely, OT part of society, as
resull of being a member of a soC￿lIY and eccmmically deprived community).
The prc*nolion of equality and diversity for the puNic benefrt and the elimination of discrimination on the grounds
of race, religion. gender. sexual orienlalion or disability- A(Jvanung eilucation and raising awareness in equalrty
and diversity and promoting activitie5 to foster underslandin9 behveen people from dNerse backgrounds.
The Iruslees have paid due regard to guidance issued by tl* Charity Commi￿On in dwiding what activities the
tharity should undertake.

## THE MARCELLUS BAZ FOUNDATION (FORMALLY NOTTINGHAM SCHOOL OF BOXING) 

## TRUSTEES' REPORT  (CONTINUED) 

## FOR THE YEAR ENDED 31 MARCH 2024 

## Achievements and performance 

During this reporting period the socio-economic environment continues to affect our communities. We do not underestimate the pressures felt by them, whether this be due to cost of living or cuts to statuary services, we know the negative impact is significant. That said, MBF remains as a beacon in the community for support in whatever guise. 

However, the building in Nottingham continues to cause concern. The list of repairs continues to grow against a backdrop of increased rent proposals. Repairs are not minor. They include whole new flooring, continuous decontamination due to mould however, we remain resolute that we retain a safe and secure environment for the community of Nottingham. At a strategic level MBF (together with Switch Up CIC) continue to be engaged in a well-developed program of work to locate, purchase and build a new location. The trustees are keen to ensure this plan is supported. 

We are proud of the support we offer at MBF. We have had great success in boxing with several athletes achieving awards across the United Kingdom. We have many examples supporting those in crisis and making a positive impact in building a positive future. 

Regarding funding, we continue to apply for and secure additional grants, but this work needs to continue. 

## Financial review 

The Marcellus Baz Foundation entered the year with a healthy balance on its account £377,623 and continue to operate efficiently ending the year on £509,588 of which all was unrestricted. The organisation received a donation of £145,635 (2023: £54,671) from Switch Up CIC, which was a continuation of the close and supportive relationship between two organisations. Switch Up continues to fund the lease of the gym and act as an employer for MBF’s coaches and other staff. Income increased to £266,489 (2023: £146,342) along with expenditure to £134,524 (2023: £111,455). This saw an increase in operating surplus to £131,965 (2023: decrease of £34,887) 

## Reserves policy 

The board review the reserves of the charity periodically. 

The boards aim is to maintain unrestricted general reserves of approximately 6 months expenditure in order to mitigate the risk of any such periods of reduced or non-income or unforeseen expenditure. Furthermore, the board transferred £450,000 from the unrestricted fund to restricted. This restricted fund will be used for the development of a community facility for the organisation. 

## Going concern 

After making appropriate enquiries, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements, Further details regarding the adoptation of the going concern basis can be found in the accounting policies. 

## Risks and uncertainties 

The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks. 

## Structure, governance and management 

The organisation is a charity set up under a Constitution dated 22 September 2014. The registered charity number is 1158631. The principal object of the charity is the promotion of community participation in healthy recreation in particular by the provision of facilities for boxing, for the benefit of the inhabitants of Nottingham and surrounding areas. 

- 2 - 



THE MARCELLUS BAZ FOUNDATION (FORMALLY NorriNGHAM
SCHOOL OF BOXING)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
The trustees who served during the year and up to the date ofsgnalure of the finanaal slalemenls were..
MBaz
J Smalley, Chair
McGralh
R Pender
F Uddin
S Haque
(Appointed 25 November 2023)
(Appointed 1 Awl 20231
The management of the ¢h8rity is Ihe responsibility ol Ihe Trustees who are elerAed and co-opted under
the lerrns of the Conslilulion. The Conslrtulion slales_'
The charity in general meeling musl elecl Ihe officers and Ihe other tmstees.
The Iruslees may ap￿in1 any person who is willing lo act as a trustee. They may a150 appoint
Iruslees lo act as officers bul musl not appoint a perwn lo be an oificer if a person has already
been elected or appointed lo Ihal of[￿e and has not ¥acated the office.
Each of the Ifuslees must retire wilh effect from the condusion of the annual general meeting next
after hi5 or her appointment but are eligible for r&eleclion at that annual general meeting.
No-one may be elected a Iruslee or an Off￿er at any general meeling unless prior to the meeting
the charity is given a notice that:
is signed by a member enlilled to vole at the rneeting.,
stales the membefs intention to wopose at the appointment of a person as a trustee or as an
officer,"
is signed by the person who is to be proposed to show his or her willingness to be appointed.
The appoÈnlment of a Iruslee. whether by the charity in genefal meeting or by the other trustees,
musl not cause the number of Iruslees lo exceed any number fixed in accordance with the
Constitution as the maximum number of tmslees.
None of the trustees has any beneficial interest in the charity. All of the trustees are members of the charity and
guarantee lo contribute £1 in the event of a winding up.
The trustees, re
ort was approved by the Board of Tmstees.
J Smalley, Chair
Trustee
Dated.. 10 January 2025

THE MARCELLUS BAZ FOUNDATION (FORMALLY NOThINGHAM
SCHOOL OF BOXING)
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE MARCELLUS BAZ FOUNDATION (FORMALLY
NOThINGHAM SCHOOL OF BOXING)
I report to the trustees on my examination of the financial stalemenls of The mar￿lIuS Baz Foundation
(Fomially Noltingham School of Boxing) Ilhe charity) for Ihe year ended 31 March 2024.
R•$poDsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of Ihe financial slalements in accordance
with the requirements of the Charities Act 2011 (Ihe 2011 Act).
I report in respect of my examination of Ihe charity's finan(ial slalemenls carried out under section 145 of the
2011 Act. Ill carrying out my examination I have followed all the applicable Directtons given by the Charity
Commission under section 145{51(bl of the 2011 Act.
Independent examlner's statement
Since the charity's gross incorne exceeded £250.000 your examiner must be a member of a body listed in
section 145 of the 2011 Act. I confirm that l am qualrfied lo undertake the examination because l am a member
of Ihe Association ol Chartered Certified Accounlanls. which is one of the listed bodies.
I have completed my examination. I confirm that no mallers have come to my attention in connection wilh the
examination giving me cause lo believe that in any material respect-
aixounlin9 records were not kept in respecl of the charity as required by section 130 of the 2011 Ad.. or
the financial slalements do not accord with those records.. or
the financial statements do not comply with the applicable requ1￿MentS conceming the fomi and conlenl
Df accoLJn1s sel out in the Charilies (Accounts and RepcKtsI Regulations 2(M)8 other than any requiremenl
Ihal the acc£bunts give a true and fair View which is not a matter considered as part of an independent
examination.
I have no concerns and have come across no other matters in conneclion with the examination lo which
attention should be drawn in this report in OTder lo enable a proper understanding of ihe financial slatements to
be reached.
This report 15 made soldy to the charity's trustee5. as a body. in accordance with Part 4 of Ihe Charities
(Accounts and Reportsl Regul81ion$ 2008. My work has been undertaken so that I might stale lo Ihe charty's
Iruslees those matters l am required lo stale lo Ihem in an Independent examinerfs report and for no other
purpose. To the fullest extent permitted by law, I do not ac￿p1 or assume responsit#lrfy to anyone other than
the
arity and the charity's trustees as a body. for my work or for Ihls report.
Sarah FlearACA
for and on behalf of
PKF Smith Cooper Limited
2 Lace Markel Square
Nollingham
NG1 1PB
Dated.. 10 January 202S

THE MARCELLUS BAZ FOUNDATION (FORMALLY NorriNGHAM
SCHOOL OF BOXING)
STATEMENT OF FINANCIALACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
Unrestricted R•strlcted
funds
funds
Total Unrestricted
funds
2023
2024
2024
2024
Notss
Incom• from..
Donations and legacies
Charitable aclwilies
235,669
30,820
235.669
30,820
117.516
28,826
Total Income
266,489
266.489
146,342
Charitable activities
134.524
134.524
111,455
Net Incomln9 resources before transfers
131.965
131,
34,887
Gross transfers betsveen fvnds
(450,CKK))
450,000
Net {expenditure)fincome for the yearl
Net movement in fvnds
{318.035)
450,000
131,
34,887
Fund balances al 1 April 2023
377.623
377,623
342,736
Fund balances at 31 Mar¢h 2024
59.588 450.C￿ 509,588
377.623
The stalemenl of financial activities incI￿leS all gains and losses reccsnised in the year.
The stalemenl of financial aclivilies includes all gains and losses recognised in the year. All ino)me and expenditure
derive from continuing aclivilies.

THE MARCELLUS BAZ FOUNDATION {FORMALLY NOTTINGHAM
SCHOOL OF BOXING)
BALANCE SHEET
AS AT 31 MARCH 2024
2024
2023
Notes
Flxed assets
Tangible asset5
7.413
6,891
Current assets
Debtors
Cash at bank and in harKI
195.635
314,866
54.671
320.999
510,501
375.670
Credltors: amounts falllng du& whhln
one year
11
(8.326)
(4.938)
Net current assets
502.175
370,732
Total as$et$ 19$5 current Ilabllltlo5
377,623
Net as50t$ excluding pension liabllity
509,588
377,623
The funds of tho Gharity
Reslricled income funds
Unreslricled funds
12
13
450.OCN)
59.588
377,623
509.588
377,623
The finanaal statements were approved by the Iruslees on 10 January 2025
J Smalley,
Trustee

THE MARCELLUS BAZ FOUNDATION (FORMALLY NorriNGHAM
SCHOOL OF BOXING)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
A¢¢oUnt1r￿ policios
Charlty Informatlon
The mar￿lIuS Baz Foundation (Formally Noltingharn Schwl of Boxing) is a charity set up under a
Conslilulion dated 22 September 2014. The registered number is 1158631_ The registered oftice is 163
Woodborou9h Road, Nottingham. NG3 1AX.
1.1 Ac¢ountlng ¢onvonlion
The accounts have been prepared in accordance with the chan￿$ governing document. the Charities Act
2011 and "Accounting and Rep￿ing by Charit￿s.. Statement of RecoTnmended Pra¢Aice applicable to
charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland IFRS 1021" (as amended for accounting periods commencing from 1 January 2016).
The charity is a Public Benefrt Entity as defined by FRS 102.
The charily has taken advantsge of the provisions in the SORP for tharits.es apptying FRS 102 Update
Bulletin 1 not lo prepare a Slalemenl of Cash Flows.
The financial statements are prepared in sterling. which is the functional ujirency of the charity. Monetary
arnounts in Ihese finan￿al slalements are rounded to Ihe nearest £_
The financial slalements have been prepared under the historical cost cL)nvenlion. The prinapal ac£ounling
policies adopted are sel out below.
The Iruslees note that events SUTrounding Covid-19 have introduced additional risks for many enlilies. The
twslees remain confident Ihal Ihe chafily is well placed to mitigate any additional risks arising. The trustees
believe Strong cash reserves held and additional funding available lo the chafity ale sufficient to provide
addrtional levels of risk mrtigalion such that the trustees a￿ conf￿ent that c￿ld-19 will not adversely affect
the on-90ing viability of the charily.
1.2 Golng concern
Al the lime of approving the finanual statements, the Iruslees have a reasonable expectation that the chanly
has adequale resources lo continue in operational existence lor the foreseeable future. Thus the Iruslees
eA)nlinue lo adopt the going concern basis of accounting in preparing Ihe financial 51atement5.
1.3 Charitabl• funds
Unrestricted funds are available for use at the disLTetion of the tIUStees in hJrtheran¢e of their charitable
objectives Un￿$S the funds have been destgnaled lor other purpx)ses.
Restricted funds are subjecl lo specific corKlilions by donors or grantors as to how they may be used. The
purposes and Ljses of the restricted funds are set out in the notes lo Ihe financial statements.
1.4 Incomlng resources
Inwme is recognised when Ihe charity is legally ents"Iled lo il after any Performan￿ conditions have been mel.
the amounts can be measured reliably, and it is probable Ihal income wiu be re￿1ve￿.
Donated services or facilities. which comprise donated seN•ces. are included in income al a valualion which
1$ an estimate of Ihe financial cost bome by the donor where such a cost is quantifiable and measureable. No
income is recognised where there is no financial costs bome by a third party.
Income tax Tecoverable in relat￿n to donations received under Gift Ad or deeds of co¥enanl is recognised al
the lime of donation.
Other income is measured at the fair value of the wnsideration r￿e5Ved or receivable and ￿p￿Sents
amounls receivable for goods and services provided in the normal Course of business.

THE MARCELLUS BAZ FOUNDATION (FORMALLY NOThINGHAM
SCHOOL OF BOXING)
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accountlng pollclès
Iconllnuedl
Expenditure is recognised once there 15 a legal or constructive obligation to transfer economic benefit lo a
third party, il is probable Ihal a transfer of economic benefits will be required in settlement. and the amount of
the obligation can be rneasured reliab￿.
Expenditure is classified by activity. The cosls of eath aclivty we made up of the total of direct costs and
shared costs. including support costs invofved in undertaking each aclwity. Direct ￿)SIS attributable to a single
activity are allocated directly lo that activity- Shared costs which conltibute to n￿re than one activity and
support costs which are nol allribulable lo a single activty are apportioned between those activities on a basis
consistent wlh the use of resources. Central staff costs are allocaled on the basis of time spent, and
deprecialbon charges ace allocated on the portion of the asset's use.
Expenditure Is accounled for on an accruals basis and has been induded under expense categories that
aggregate all costs for allocation lo aclwilies. Where costs cannot be directly attributed lo particular activities
they have been allocated on a basis consistent wrth the use of the resources.
Support costs are Ihose costs incurred directly in support of expendilure on the objects of the charity and
include projed management carried oul al Headquarters.
1.5 Tanglble flx•d assèts
Tangible fixed assets are initially mea5uied at cost. nel of 4jepreciat￿n and any impaimient losses.
Depreciation is recognised so as lo write off the cost or valuation of assets less their residual values over their
useful lives on the following ba5es'.
Sporis equiprnenl
Computers
15Vty on cost
33% on cost
The gain or loss arising on the disposal of an assel is determined as the difference between the sale
proceeds and Ihe carrying value of Ihe assel. and is recognised in the statemenl of financial activities.
1.6 Impalrmènt of flxod a$$*ts
Al each reporting end dale, Ihe charity reviews Ihe caTrylllg arnounls of ils tsngible assets lo determine
whether there is any indication that those assets have suffered an impaimient loss. If any such indication
exists, the recoverable amount of the asset is eslimaled in order lo detemiine the exlenl of the impaittnenl
10ss lif any).
1.7 Cash and cash equivalonts
C85h and cash equivalenls include cash in hand. dewsits held at call with banks. other short-lerm liquid
inveslmenls with original malurilies of three monihs or less. and bank overdrafts. Bank overdrafts are shown
within borrowings in current liabilities.

THE MARCELLUS BAZ FOUNDATION (FORMALLY NOTTINGHAM
SCHOOL OF BOXING)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies
(Continued)
1.8 Financial instruments
8a5iG financial assets
Basic financial assets, which include debtors and cash arKI bank balances. are initially measured at
Iransacli<)n price including transaction cosls and are subsequently carried al amortised cost using the
effective interest method unless the arrangemenl consknlules a finanung Iransaction. where the Iransaclion is
measured al the present value of the fulure receipts discounted at a market rale of interest. Financial asse15
classif*d as receivable within one year are not amortised.
Baslc Ilnanclal Ilabllitles
Basic financial liabilities. induding ueditors and bank loans are initially recognised at transaction price unless
the arrangement conslilules a finanung transaction, where the debt inslrumenl is measured al Ihe present
value of the future payments discounted at a maTket rate of interest. Financial liatmlities classified as payable
within one year are not amortised.
DereGognition of financial liabilitie5
Financi81 liabilities are derecognised when the charitys rA)ntraciual oLligatK)ns expire or are discharged or
cancelled.
Donatlons and l•gaci85
2024
2023
Donations and gifts
Grant income
211.871
23.798
73,564
43,952
235.669
117.516
Income from charitable actlvltles
Unre¥trlcted Unrostrlcted
funds
funds
2024
2023
Fee incxjme
30.820
28.826

THE MARCELLUS BAZ FOUNDATION (FORMALLY NOTTINGHAM
SCHOOL OF BOXING)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Charltablè a¢tlvltlo$
Dlrect
¢ost$
2024
Support
costs
2024
Total
2024
Total
2023
Recharged staff costs
Depreciation and impairment
Fees
Boxing and sports kil
Events
Oonations
Legal and professional fees
Rent
Sundries
Travel and accommodation
Equipment
Coaching and mentoring
Boxing educalion and tiaining
Office and general admirbislrative cosls
Independenl examination fee
Repairs and maintenance
76.430
1.833
5.872
164
76.430
1.833
5.872
164
72.305
1.337
6,052
91
1,(K]O
991
14.115
1.892
703
645
1.025
8.526
12,￿]
8.526
12.000
2.311
2.311
865
13.948
260
1.511
2,262
8.540
13.948
260
1.511
2.262
8.540
1,795
9,501
104.825
29,699
134,524
111,455
104.825
29,699
134.524
111,455
Net movement in funds
2024
2023
The nel movemenl in funds is stsled after charging1{c￿dI¢in9)-
Depreciation of owned tangible r￿ed assets
1.833
1,337
Trustees
None of the InJ$tees (or any persons connected with them) received any rernuneration or benefits from the
charity duTin9 the year.
None of the trustees re¢eived any reimbursements of expenses during the year.
10-

THE MARCELLUS BAZ FOUNDATION (FORMALLY NorriNGHAM
SCHOOL OF BOXING)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Employees
There were no employees during the year.
R•charged employment costs
2024
2023
Recharged salaries
76,430
72,305
Taxatlon
The charity is exempl from taxation on its aclivrties because all its irKome is applied for charitable purposes.
Tangiblo fixod assets
Sports
•qulpmpnt
Computers
Total
Cost
Al 1 April 2023
Additions
11.295
2,355
5.494
16,789
2,355
Al 31 March 2024
13.650
5.494
19,144
D¢prè¢latlon and Impalrment
Al 1 April 2023
Oeprecialion charged in Ihe year
5,6
1.267
4.202
9,898
1,833
Al 31 March 2024
6.￿3
4.768
11,731
Carrylng amount
At 31 March 2024
6,687
726
7,413
At 31 March 2023
5,599
1.292
6,891
10 Debtors
2024
2023
Amounts falling due within one year:
Other debtors
195.635
54,671
11 Creditors: amounts falling due within one year
2024
2023
Accruals
8.326
4,938
11

THE MARCELLUS BAZ FOUNDATION (FORMALLY NO￿INGHAm
SCHOOL OF BOXING)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
12 Restrlcted funds
The restricted fund5 of the charity comprise the unexpended balances of donation5 and grants held on Irusl
subject to specific conditions by donors as to how they may be used.
At 1 Aprll
2023
Transfer5 At 31 March
2024
The Marcellu5 Baz Foundat￿￿ Cornrnunity Hub
450.000
450,000
The charity is looking lo raise £550.COJ in public donalions. business funding and grants to assist with the
construction of the Marcellus Baz Foundation Community Hub.
Once achieved ftjrther granl funding and itrkind provisions from the construclion induslry will become
available for this new facJlily.
13 UnreStrIct￿ funds
Mov•m•nt in funds
In¢omlng
R•sourc8$
expended
Balanu at
1 Aprll 2023
Tran51•r
Balance at
31 March 2024
General funds
377.623
266.489
(134.5241 {450,0￿)
59,588
377.623
266.489
(134.5241 {450,COJ)
59.588
14 Analysis of net assets belwoen funds
Unreslricted
funds
2024
Restrlcted
funds
2024
Total
2024
At 31 March 2024:
Tangible assets
Current asselsl(liabililies>
7.413
52,175
7,413
502.175
450.000
450.000
509,588
Unrèstrlctod
funds
2023
Restricted
funql$
2023
Total
2023
At 31 March 2023=
Tangible assels
CU￿ent a55elsl(liabililies)
6.891
370.732
6.891
370.732
377.623
377,623
12-

THE MARCELLUS BAZ FOUNDATION (FORMALLY NOTTINGHAM
SCHOOL OF BOXING)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED
FOR THE YEAR ENDED 31 MARCH 2024
15 Related party transactions
Remunorotlon af kèy manag•mont p•rsonn•l
The remuneration of key management personnel was as follow5"
2024
2023
Aggregate compensation
Other related party transactions
Included within unrestricted donations are aTr￿unts from Switch Up C.l.C totalling £145.63512023'. £54.6711.
13-