BOXIIYG IS LOVE (NO. 121)0384) TRUSTF.ES' REPORT AND UNAUDITED FINAIYCIAL s'fATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
E BOXING IS LUVE. Boxing Is Love Report And Fin4nei#l Statements For the YoAr Endlng 31 December 2025 Contents Reference and Athninisirdtive Details Trustees, Annual Report Independent Examiner's R¢port Statement of Financial Activities Balance Sheet Notcs to the Financial Slat¢m¢nts io
F BOXING IS LDVE. EFERE E AND ADMI FOR THE YEAR EED 31 DECF.MBFR 2025 Chalr Benjamin Amanna Trustees Pard¢¢p Baagga Eamon Sullivan Reglitered Office Ground and First Floor Olyices Herbcrt Art Gallery & Mus¢um Jordan Well Coventry CVI 5QP Re2lstered Charity Number 1200384 Independent Examiner Arrall Jones FCCA bk plus Limited 61 Charlotte Street St Paul's Square Birniingham B3 IPX
BOXING IS LOVE" RT FTHET FOR THE YEAR ENDED 31 DECEMBER 2025 The trustee5 prcsent their report together with the financial statements of the chariiy for the year ended 31 December 2025. The trustees hav¢ prepared thc financial statements in accordance with th¢ Accounting and R¢porting by Charities.. Statement of Recomm¢lld¢d Practice ISORP) appli¢ablc to ¢hariti¢s prepaTing accounts in accordance with the Financial Reporting Standard appli¢abl¢ in the UK and Republic of tTelaThd (FRS 1021. effectiv¢ l January 2019. OBJECTIVES AIYD ACTtvrrtES Objectives ind Aims The charity objectives are.. To advance in life, relieve the needs of and help young people aged b¢ttv¢¢n 5 and 25 living ID England and Wales and such other parts of the WQTld as the INstees may from time to titne delennine, through.. a. the provision of recreational leisure time activities. including but not limited io boxing. provided in the interest of social welfare, designed to improve their conditions of lif¢. b. providing support and actiN'ities which develop their ski118, capacitics and capabilities to enable th¢m to participate in society as mature and responsibl¢ individuals. The Truste¢s ¢onfmn that th¢y hav¢ paid due regard to ihe guidance contained in the Charity Conhmi&¥ion's general guidance on public benefit when reviewing the TNst's aims and objectives for the During the reporting period, the cbarity furthered its objectives through three core strands of activity.. its flagship prograrnm¢, campaigns, and rucarch initiativcs. a) The Flag$hip Programme: The charity dclivcred a series of innovative boxing-led social scienees programmes for yOUDg people aged 11-25 who have become disengagcd from traditional schooling by combining non-contaci boxing with interdctive academic workshops grounded in subjects such as hi$(ory, ¢¢onomi¢8, politics. sociology alld media sludies, helping parti¢ipants r¢¢onn¢¢t with luming by making it relevant, dynamic and personally m¢aningEul. b) Campalgns.. The charity d¢liv¢r¢d issue-l¢d Campaigns that used storytelling and liv experience to amplify boxing's positive social impact and raise awareness of StructUTal challenges youn& people face, for exatnple campaigns on mental health and nutrition that mobilised Communities 2nd spotlighted critical social issues. c) Research: The charity advanced understanding and accessibility of complex ideas by translaling academic research into tsngible insights through its Research Digest and relat¢d outpu¢S. By connccting sport to wider culiural) FrfTrlitical and social contexts. this work hclpcd to broadcn acc¢55 to knowlcdge and provided atl evidence base w inforni programmc design and public ¢ngag¢mcut.
BOXING IS LOVE. The tslee$ have had due regard to the Charity Commission's guidance on public benefit An carrying out the charity's activities. We exist io ¢du10n lo the places it rarety reache& using boxing to engage and connect with )rtr of the JJx)si disthantaged young pwle. Thnyugh ther passion for the sport, we help them IngI¢ what is possible for tkir fututrs in ¢thtIOn alld car¢¢r& Ivhile highiighiing boxing's Wer to drrve social chang¢. Tht figthip progr f(KuKq on th¢ s(Ki21 sciences end hUmaD1tR It is design¢d not oDly to SIIPFK¥rt young people in their schoDI subieth5. but also to equip them with the knowledge and tools to erstal aJMI evaluats the lety they live in. One in four young people in the lowe51-iDcome IM)useknhls feel they have little chancc ID Itfe (ONS. 2023). Non-contact boxing complemcnts this by encouraging physical aclivity, proTr'iding a trusted alternative to antisocial path& and improving moo y¢lf-¢¢an, Confidee, concentration. strength, coordinatio and metaboli¢ h¢alth (Bozdarov et al.. 2023). These elements WOTk tog¢th¢r io adthcss thc comJM)unded inequalitia in education, wellkin& i(kntity. and owortuniry Elt sknpe young pw)le's everythy lives. Our Tesearcb also aims to tise knowledge and use IM)xing as an enty Poltst to introduce complex subjects to the wider publi¢, inchIllg but not limited to the grassroots community. comrKigns provide a plaiforni for Boxing is Love to amplify thc voices of grassroots comrnunities. With 40 w ccnt of tKbximg cjubs and members located in the 20 tnost depTived aTe&8 of the VK. and with Cl9 hewly the invi1¢ labour of coaches attd the wid¢r conDDunity, these campaigDs higbb'gkn the spKwt's a1 couwiuirity Dnpxl. ACHIEVEMENT ALYD PERFORMANCE Within a four-month period, the core programme leam develop¢d a suite of over 20 curriculum[1gned lessons spallning Sociology, POtics, Economics, Business, Media Studies, and Geography. All materials were tailored to National Curriculum standanls and deslgnd to b¢ d¢liv¢r¢d through boxing-led educational contexts. Between Augusi and Decelnber, the programme delivered more than 60 sessions lo targeted groups of young people aged 11-16. Post-session self-reported feedback indiea*d that 0/0 of participants developed increased interest in at least one subject area cov¢r¢d, while 88 /0 rcported feeling more connected to th¢ir p¢us following participation. The charity also launched its in2ugural EquipTnent fund, which received 127 eligible applications from grassroots boxing communities. In parallel, the Fuel io Fighi project supported over 200 young people acro&q Ghana and Nigeria, while the ¢harity's public campaigns reached in excess of 500,000 views on Instagrgm. From August to Decemer the research t[ trauslated 15 academic and policy-focused artiLl¢s into a¢¢es$ible forn]at$ for the boxing community. Thesc publications generated over 40 hours of Cumulative reader cngagem¢nt within a three-month period, supporting the charity's aim of improvillg unders12nding and evidence-based discussion within the sport.
BOXING IS LtIVE' FINANCIAL REVIEW Finaneial position The Lharity remains in a strong and stsble financial position. We benefit from a sustainable and recurring income stream through our partnerqhip with BOXRAW, which dollales a proportion of it5 merchandise sales to support our charitsble activities. As BOXRAW'S salcs continue to 0w, this income has proi'ided the charity with a rcliable baseline that comfortably meets our miniinum opcrational requirements. This stability enablcs the trustees to plan with Confidence, maintain prudcnt reserv¢s, and focus on strategtc devclopmcnt r&ther than short-lerni fmancial pressures. As a rcsult. the charity is w¢ll positioned to pursue larger partn¢rships, explore new funding opportunities. and scale its programmes responsibly in line with d¢m8nd, while continuing to manag¢ sOurCeS carefully and in the best interests of our beneficiaries. Re$erves policy The trnstees have adopted a r¢scrYc5 policy to ensure that the charity ¢aD Incct lis financial commitments and manage $hort-lerm fluctuations in income or expenditure. In sctting this policy, Ihe trustecs have ¢onsid¢r¢d th¢ ¢harity'$ curreni scale of operations. annu expenditure of approximately £65,000. and Ihc relative predictability of its income. particularly through its partn¢Tship with BOXL4W. The trustees ¢Oll5ider that ullrestricted reserves equlvalent to up io three months of core operating cxpcnditure would be appropriate for the charity over the medium tcnll. At the reporting date, unrestricted reserves stood at approximately £8,(M)O. whieh is below this target level. This position reflects the tTUStees' decision to prioritise expenditure on ¢haritabl¢ activities (luring the year, while relying on predictable partner income to meet ongoing ¢osts. The tnjstees monitor cash flow closely and are satisfied that the charity remains able io meet its obligations as thcy fall duc. Th¢ rcscrv¢s position will be kept Ullder regular review. with the intention of gradually building reservcs as the charity's income base grows Going concern The trustees have reviewed the charity's financial position and forecasts and ar¢ satisfied that the charity has adequate resources to continue in operalioThal existence for th¢ foreseeable future. Accordingly. the accounts have been prepared on a going concern basis. FirruRE PLANS Looking ahead. the charity's focus will b¢ on broadening both the reach and impact of its pro8mMe$. Th¢ ttusiees plan to expand d¢liv¢ry to at l¢ast 20 locations across a minimum of fiv¢ ¢ountries, flKting Gl¢8r iDt¢rest from local govcrning bodics and cotnmunity clubs iniernation811y. Alongside this growth, the charity aims to widen ihe scope of its campaigns, addressing a broader range of social issues and further demonstraiitiE how boxing can serve &s an effective medium for discussion. and ¢ngag¢m¢nt around th¢sc topics.
BOXING IS LOVE. To SUPPOTt this expansion sustainably, the charity will priorilise the development of new corrate partnerships lo diversify income and strengthen ils funding base. In parnllel, the trnstees intend to increase the charity's media visibility and public profile, whilc also d¢¢pening its contribution lo policy discussion& building OD Its exitsting involvemellt in the All-Party Parliamcnthry Group on Boxing. STRUCTURE, GOVERNANCE AND MAINAGEMENT Governing document The Lharity is governed by its constitution and operates &s a ¢haritable incorporated OLEanisation {CIO} with the Charity Commission. The governing docum¢nl was adopted on 15 S¢ptember 2022. The trustees are appointed in accordance with the provisions of the governing document. The trustees meet regularly and are responsible for th¢ overall governance. strdtegic direction and financial oversight of the charity. The day-to4iay nwlagement of the charity is overseen by the trustees. who collectively ensure that the charity operates in furtherance of its charitable objectives and in compliance with Applicable charity law and regulation. Risk management The irustees have assessed Ihe major risks lo which the charity is exposed, in particular those Telating to the operations and finances of the Charity and are satisfied that systems and controls are in place to mitigate their exposure to the major risks. Approved by order of the Ix)ard of trustees on 16th February. 2026 and signed on its behalf by..
E BOXING IS LOVE. tNDEPENDE]YT KXAMINER'S REPORT TO THE TRUSTEES FOR THE YEAR F.NDED 31 DECEMBER 2025 Indcpcndent examlner's report to the tru$te¢$ of Boxlng is Love I report to th¢ ¢hArity tn]stees on my exatllination of the a¢¢ounts of Boxing is Love for the year ended 31 December 2025. Responsibilities And bydsls of report As the charity trustees of the Trust you are responsible for the preparation ofthe g4ccounls in accordance with ihe requircments of the Charities Aci 2011 ('the Act"). I report in respect of my examinatlon of th¢ Trust's accounts carried out under Section 145 of the Act and in canying out my examination I have followed all applicable DIrtionS given by the Charity Commission under Section 145(5}(b) of the Act. Independent examiner's statement I haye compl¢t¢d my examination. I confirn) that no material atterS have cotne io my attentiotj in coonection with the examioaiion giving me cause to believe that in any matcrial respect.. accounting records were not kept in respeet of the Trnst as required by Sectioll 130 of the Act,. or 2. the accounts do not accord with ihose reconls; or the a¢¢ounis do not comply with the applicable requirements concerning the form and content of accounts set out in th¢ Charities (Accounts and R¢ports) Regulations 2008 other than any requirement that thc ailounts give a true and fair view whiclL 1$ not a matter Considered as part of an independenl examination. I have no con¢¢rns and have come across no other matters in connection with the examination to whi¢h attention should be drawn in this report in ordeT to enable 8 proper understanding of the accounts to b¢ reached. knan Jones FCCA bk plus Limited 61 ChaTlotte Street St Paul's Squar¢ BiTmingha B3 IPX
BDXING IS LDVE. TATEMENT R TH F FINAN IA TIV EMBER 2 2024 65.053
F BOXING IS LOVE. E SHEET FOR THE YEAR ENDED 31 DECEMBER 2025 224 3J92 750 Febnmry. 2026 aThl were signed on its by:
BDXING IS LOVE" NOTE FINA CIAL STATEMEN FOR THE YEAR EIYDED 31 DECEMBER I. ACCOUNTING POLICIES Ba81s of preparing the financl&l Statements The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with th¢ Charitie5 SORP {FRS 102) 'Accounting and Reporting by Charities.. Statement of R¢¢ommended Practice applicable to ¢harities preparing their accounts in aLLordance with the Fillancial R¢porting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l JanuÉlly 2019),, Financial Reporting Standard 102 "The Financial Reporting Standard applicable in thc UK and Republic of Ireland, and ihc Clwities Act 2011. Thc finallcial statements have been prepared under the historical cost convention. Fund accounting Uurestricted funds are available for use at the discretloll of the trustees in furtherance of the general objcotlvcs of the charity. The charity th'd not hold any r¢stri¢ted or endowment funds during the ycar. Income recognltion Income is recognised when the charity is legally entitled to the income, receipt is probable and the amount ean be reliably m¢&sur¢d. Income from donations is recognised on receipt unless there is ¢vid¢DC¢ that cntitl¢mcul arises earlier. Expenditur¢ recognition Expenditure is recognised on an accruals basis as goods or services are received. Wh¢r¢ expenditure has been paid for in advan¢¢ or invoiced ufter thc ycar end, the appropriate adjustment would b¢ tnad¢ to r¢fle¢t th¢ ¢xp¢nditurc in th¢ correct accounting period. In-kind donations, volunteer and pro bono support Donated goods and professional s¢r¥ices are recognised at fair value wher¢ ibis can be Teliably musured and the charity would othenvise have purchased these ktms or s¢rvi¢es. The fair value of donated equipment is based on the supplier's norn)al retsil price. The fair value of donated professional services ig b&sed on written confiTmation of standard commercial rates provided by the service providers. Donated goods and services recognised in the Stat¢m¢nt of Financial Activities are included within income with a eorresponding amount included within expenditure. 10
BOXING IS LOVE. NOTES TO FINANCIAL STATEMENTS- contin FOR THE YEAR ENDED 31 DECEMBER 2025 The valu¢ of general volunteer tim¢ is not recognised in the financial statements in kceordance with the Charities SORP. Going eoneern The Irustees have ¢onsidered thc charity's financial position and are satisfied that the ¢h8riry has adequate resources to continue in opetxtional existence for the foreseeable future. The funCIal statements have therefore been prepared on a going coneern basis. 2. INCOME 31.1121)25 31.112W24 13.(IX) 3. EXPENDITURE 31.122025 31.122(Q4 6Uii
BOXING IS LtIVE' 4. DEBTORS 31.122025 31.12214 5. CREDITORS 31.112025 3[.12.224 750 750 6. MOVEMENT IN FUNDS At 1.12025 At31.112025 (65.053) 9)3 (65,053) 7. TRUSTEES, REMUNERATIOLY AND BENEFIT There were no trustees, rernuDeration or other benefits for the y¢ar ¢ndd 31 D¢¢ember 2025 nor foT the year ended 3 1 D¢¢¢mber 2024. Trustees. expenses
BDXING IS LOVE. There were no trustee$, expenses paid for the year ended 31 D¢¢emb¢r 2025 nor for the year etmled 31 December 2024. 8. RELATED PARTY TRANSACTIONS Mr B Amallna, who is a tThstee of the charity, is also a director of BoKRaw Ltd. DurAng the year, the charity received donations totalling £59,982 (2024 £Nil} from BoxRaw Ltd. 13