crtty regkntion numb•r 12073921England and Wl••) Cofflp4ny r•gl•traUon numb•r 16064799 BOXWISE FOUNDATION ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2024
BOXWISE FOUNDATION
LEGAL AND ADMINISTRATIVE INFORMATION
Th18tee•
A L Rh(th5. Char
(AFwinted 11 Augusl 2023)
( 28 N0mbar
2023)
BOXWISE FOUNDATION CONTENTS TnJ8lees' rep¢ Indwdenl exarninerf$ report Statement of ffftandal 8alan¢• sheet Notes to th• fwban¢ial i14tements 7-13
BOXWISE FOUNDATION TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORn FOR THE PERIOD ENDED 31 DECEMBER 2024 The Iru8lees pre8ent thw annual report and flnwoal stthnents for the rfod end 31 tl•camb•r 2024. The finoncial ststements have betn bxepared dan wilh the acc4Junting policie8 8el out Th)le I to t finan stalem9nls and compty with the tharitl$ w%ming documenl. th8 Compan8 Ad 2006. FRS 102 Tr FInarK1 Rèporting Standard appluble in the UK and Republ¢ of Ifeland" and the Charitses SORP 'Accountlng and Rèportbng by Charitig$". Stglement of Recommended PractKe applkable to ¢harili$$ preparing their account¥ in accordance with Ihtr Financial R8porbng Standard applKable in ihe UK and Republ of Ireland IFRS 1021.. ObJ•thlvM and •ctlvltl•• Boxwso Foundatlon works whh lh• most disadvantaged èThJ ¥vlnerabSe young pec¥4• across the UK, striwng lo r8duc rates of gang 018n¢$ and ¥18 me thrwth swl. con¥nunty arrtj opportunty. In pathgrshlp wiéh the Na1ional governing body, Engnd Bon9. b¢01 gyms. yOLbth organisatlons, schools, and o)mmunity ¢•nters, poli( serviS w• ensure eath partiupant had access lo o ul•, indu¥8. and SUFporb"4p environment. Our coac$ and menl(¥g, mgny liv8d experienc• ol the cal•nps our partklpants tsce, c£ffttinuod to pL8y a VW rol? in buildlng INSI and lostn9 p8r8onal growtlk Pulkn bgn4fft The Iru816es have paKrf du? r•yrd lo 9fice su•d by the Chwlty comm11th In ¢Jgdthng what athrfle$ th• tharity Should und•rtake. A¢hl•v•ffl•nt• and p•rfoTm•nc• Comnwnlty Eng•g•m•nt and Outrmth Our oulrèath 8tr810gy focused on engaging wrfh haTder-104eèth youth. Ind1ft9 th089 81 rfsk of gxduslon, Invc4vernenl in i•, or •xprlendnq m•ntsl hoalth dIffi'e8. rkIa dos•ty with bcal authorit$, schooLs. and ial workor8. we Idonlffied indwidual$ wlwj coukl b•nefft mosl from BoxWsè's holkntk aF¢)roa¢h. Hlghllght• Includ•: LaU1h of a C•ntr•potnl Ilom•lM• hub In London brirvJ5 our 10t Centrepolnl IatIOnS to 5, tho89 gXPeTienang homeless gpiiThJ thom a safo spac• to exgrc450 and tslk aboul issues imp¥¢tirwJ Ih•m. 17 •umm•r Llt• opn aee•M cournm dunrwj th• 8chool holldays gmng yo(HN PgOF4a • and fun Fxovision lo •xerd80 and h8ve a m891. . Communty boxlng evénts wlth aueensberry pmmotwm altr8(aing over 100 att•ndM•, pron hcluskn end lebrating youth •ch¥emenL Oth•r 4¢PM•vem•nts.' . Expantsd to 8 v•nu6•. . 398 Class89 ddi¥ored. - 59 Gr&auation& . 3644 8tud•nl Class attenda1. . 1546 Meals Provlded.
BOXWISE FOUNDATION TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE PERIOD ENDED 31 DECEAIBER 2024 FnCilI r•¥l•w - Told incomo.. £3Cffj.575 - Told expenditwe.. £144,155 - Rer•S at y•arry•nd: £162,420 . PrKnary sources of funding inthded grants. ind7(al donalons. ¢t WlSOT8hlps. Thè Ilnanual posltkn rèmalns gfft. vAth mem• at the y1 •nd of£162k. Th1¥ rgpresents •trnost 4 months ol oporatlcwl o)sts bg8ed on the 21r25 budpt8d rA>sls of £43k. Mwr rtsk$ Key risks Idontmlgd Indude.. - Fundlng voblllty - Safowardrt and rx)mpllanc - Operauonal ddfvory In now reglon8 Th• ¢hartty ha• pc4c4•• In plw lo • th8$• ii8ks and Looklng Ah•4d A¥ we look to the future. Boxlmse remains Lmmlited to daepthw tyjr lryacl and reathlNJ more Yc9 peoplo kn need. Our prionties for the nexi year Ind.. . Conlknued into Highly po8t¢od•8 Id8nllfiad by ONS data. . Str•ngth•nry our dala coledion and tluati OwNiwMng Ixlf delivery value$ in lino wth Offlwgiry needl Nia Ihe voKe of the yourv4 peopkn wo 8er¥o to ensure they are fit for Pu$& and effeclW. Oth•r plan8 i)clude' . D8¥glop a dlgttd ?110 for r8mot• mènthrsh¥> - Sècure thr•••y•ar $lr•t•olc fvndkw partnor8hi Stru¢tUW•p gov•rnan¢• and manag•m•nl The charity Is a ojmpany Ilmited by guarantee. ¢)n 11 Awust 2023 arKI ro9I8tered as a chwty on 11 March 2024. The charfly 1$ govomed by a board of trustees wfio moet quar1e. DaY4daY operation5 arè managed by the Ch1 oxeojtive officer and cliel operating officer. Twste8s are appointod through a formal proc095, onsuring a range of s119 and fjyrf•n. The trustee5, who are a150 the direLoTS the wrpos• of c¢mpany law. and W* s•Md during the period And up to the dale of signature of the financial statements wore." A L Rh¢de$. Chalr {&opJinted 11 August 2023) A Cook INJpolnled 28 November 2023) N P Collingwood Maughan IAppoint•d 11 August 20231 R Ogden IAwJinted 11 August 2D23 and retired 3 D8carrtsr 2024) H E RanTr (AppMJnW 11 August 2023 and retired 28 May 2024)
BOXWISE FOUNDATION TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE PERIOD ENDED 31 DEGEMBER 2024 Thè trust••$' rèport by the Board of Truste8s. A Cook Try8te• Dale.. 9th May2025
BOXWISE FOUNDATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BOXWISE FOUNDATION I report to thè trustoas on my ÈXann&lIti of the an(la1 8t8tements ol BoxwOBe FInd#t)n (thè carityl for the pgriryj endod 31 Decambor 24. Ro•porAlbllltl•• and ol r•port As the trustees of the charity (and akn its dKeclors for the purposes of company lawl. you are reSpOr1b for tho preparation of tho firrandal StatfjMts in ac>xrdanco wilh the requirgmwls of thg Companl¥sAct 2006. Havkng 8a18¢ myself that thè flnandal 8tsttments ol thè drtty Are not fequlred to t aud6tsd undér Part 16 of the Companies Ad 2CQ6 and are elwJible for independent examination, I reporl in reBpeca of my examination of th8 harfty's finandal stal8ments carrfed out under $8con 145 ofthe Chadtles 2011. In carylng out my •xamin'on I have folknyed th• Dwfjction$ given by tho Charlty CLNnmission urM18r s•etion 14515)(b) ofth• Char6 Act 2011. Ind•p•nd•nt •x•mlMe ¥tst•m•nt Sln¢g the ch¥rtys gross incc4ng ex¢e¢ded £250,(QJ. the Ind•p8nd•nl wmlner musl be a m&mb8r of a boty118t•d Sn {On 14S of th• Ch8rrti•s A¢t 2011.1 ¢onfimi that l #m qLwlrfd lo uThJ•rtak• •x¥mIn81 b4uso l am member of the ASSodatT of Ch8rtored Certffiod A¢¢ountants, whthlg of th6 lglod t¥)dle8. I hav8 complet•d my minatIOn. I confffm that no m8tt8rs h8 COTh to my altonknn in (xjnn8¢tion wlth th• •xaminolion givlng rn? C4us¢ lo b8ligve Ihat in gny m81eriAI respe¢tr. aeCOUnllng roc¢)nl# w•rè not k•pt kn ré8Frtt of th& thhy 88 wutr•d by 386 of thè Companie$ Acl 2006. e IInaral slatements do not accord with those r•(rds,' or th& finandal 8lalement8 do not Ca)MY wlth the axountiNJ roqulrements of Sedon 396 of tha Companlès Act 2006 other than alry rulMnI that th• financaal slatemonts giv• a In* and fair ¥WAf. whic41 1$ not a matter considered a¥ part of an indeptrndent examination., or th• fin¥nu¥l stslemenls hm nol be•n K£¢rdatK• vAh tr• m•thod8 and prin(YFIo8 of the Statement of Recommended Pracllce for acrnunting arHI reportlrvj by charit3 applicable to chavltl88 preparing thr financial Btaternents in accordan wth th• Fin•n(yal St•TrJard appluble in tha UK and Republic of Iroland IFRS 102). I hgve no conc¥ h•w• Come 8(¥088 no othff m•tt•rn kn ry)nne¢kn Wbth 9mIn00n lo whkh attonti should h drawn In thi8 repofi b) 001 to enab a proper urKl•rstanding ol th• fiMn¢lg18latem•nts lo b8 reached. M•lvln Balhy FCCA DChA Rog&rs SnCr Me180d Houso Peiharn Road Nottlnoham NG5 1AP
BOXWISE FOUNDATION STATEMENT OF FINANCIAL ACTMTIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE PERIOD ENDED 31 DECEMBER 2024 UnrnJtrlct•d lund# 2024 kncome and •ndoryn• from: DonalKJns and Olhor in¢ome 6.575 Totsl Incom• .575 Exp•ndlturn on: Raising fvnds Charftable aGtyNIo8 15.055 129.11 Total •xP•ThdY 144,155 N•t Incom• •nd mov•mDnt In fund• 162.420 R•conclll*tlon of lund•: Fund bdanc4$ 4111 Augu812023 Fund l•nG •t J1 D•wnbv 2024 162.420 The slalemenl of ana81 actwities indud•s al gaiTr& arKI knss•s r•L¥nid in th8 porbd. AJI 1ThnI and axpendrture derlve from conb'nuing actiw1.
BOXWISE FOUNDATION BALANCE SHEET AS AT 31 DECEAIBER 2024 2024 Hx•d •••ts Tangiblo assets 11 6.161 Curv•nt •M•ts Debtor8 Cash at bonk gnd In hofKI 12 181.090 185.130 (28,871) Cr•dftorn: mèunts f•lllng Twlthln on• ymr 13 Il•t ¢urr•nt •M•ts 158,259 Totsl ••••t• l•M ¢urrnrt Il•bUItI•• 162.420 Th• fund• of th• chttrlty Unr88lrkted fundi 162,420 162,420 Th& ¢>)mpany is onli11od to the oxemption from thè di1 rnquiremont contained in soraion 47T of th8 Compani88 Act 20C6, for the perlod ond•d 31 D•e•mbèr 2024. Th9 dIreCt$ a¢knOallgfj their mponsibllrtb&8 for ccffiptying Wrth the requirements of the Ccffipanie8 Act 20C wlh resped to ac¢ounting r•¢orf$ and tho wtpwallon Offfinanci $t•t•m•nts. The members have not requlr•d th• wpany to oblaii alt of tts ¥tat•m•nt8 for p•rkMI In questlon In accordanc• wrfh $8ction 478. flnand818tslements ha been proparnd kn accanc¥ wkn th• apF4icabk to comi108 8u4èra to lh& $mall ¢omp4nies regiry. Tho ffinanual stslem•nts wern approv•d by th• tnMtg•s C..2.1AA¥I......... A Cook Trts• Ccrfrpany r•gi$tralion numbgr 15064799 IEnglaThJ arKI
BOXWISE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2024 Ac¢ounting polGi Chaiity Infom)allon Boxwis8 FOundan is a pllvate r£fflparTry limited by guarnntet fjred In England and W81e8 on 11 Awu8t 2023. The registered offic is 10th Aoor, Blackfviars Road. London. SE18NW. 1.1 R•portlng p•rl¢)d Thi$ 1$ th• first aecounling wiod of the dlty. These finaTrial statements eov8r th• 0d from 11 Augu8t 2023 to 31 Dember 2024. 12 Accounting conv•nllon The finana81 statements haN b••n prw•red in 8eeordance wilh thè tharitys goV1ng d0Ment, the Companies Ata 2006, FRS 102 Fln8nd81 Reporting Stsndard gppIK0b In the UK and Republi¢ of Ireland" and the Charit$ SORP "Acc¢untirwJ and R•portiNJ by Charitw." Stat•m¢nt of Rgcommondgd Practu applkabl8 to tharitk88 wepartng thr Xclnts in accrdance wth the FinancAel R&porting Standard app&¢abl• kn th• UK and Reput41c ol Ireland IFRS 102}-. Th& d• 18 a Publk B8n•fil Enlty 88 deflnod by FRS 102. Th• charlty ha8 t4k•n advantag• of th• in ts SORP for ch81iii05 rK>t to propare a statement of (8h flows. ffinancial statements are pwwod In st•iW, 18 the fiJrrtxnaI uJrr•rq of th• charty. Monetary 8moLml• In Ihue finandg18tgtemonts are nxN¥J8d to the £. TM flnanclal 8tatement8 have bn prepwed hiitorical 11 lIntk. T prtncfjpal UntIng poIKAes adoplad ar• 80t kn¥. 1J Golng eone•rn Al Ihe Ime of apwoylry the finand•l $t8tem•nts, th& Irust••$ haN• a reasonable exp&d8tion Ihal th8 charity has adequalo res[C8S lo continu• in operar1 ex1sterfr for the for88eeable fulure. Thus the trustee$ conllnu• to gdopl th• gobnq b# of acccrtmllng in w•poring th• fm¥nwl 8t•t•menl$. IA Chadtabl• fund• Unrestricted funds ar• awl4¢ al dismffjon of th• trustaes in furthernn(x of their tharitabk oty'ectives. 1.6 Incom• In¢om• 1$ rewnls•d Vwi th• dwnty i$1gg41ty on11119d to A after porlornwnce ColItionS ha¥e be mot, the #nb)unts can h m•4sw•d rn118bty. and it is prats18 that income wll bè rèc41¥&1. Cash donalN)ns are rgco9niwd on rocelpl. l)th9r (krnth)ns we rwni5•d onLX th• dwrity has b•en nOtid ol the don8b"on. urkn performon¢• g)ndthis require defeal of arnount. Incom8 tsx recoverabla in lalKJn to donations feceN&d under GrfIAid or deeds of cownant is recy)gnisgd at the time ofthe donation. 1.6 Exp•ndltur• Expgndthrg b rwisfjd i)nce t is a 18gal or cm8trudi¥ ot4gation lo trwsler ecmomic benfrfft 10 8 third party, it is probable thal a Iransfer of economK bo roquirtd in $8lU8m8nL and tho amunl of the oblg8Uon can be measured rgliably. ExFendilure rs das5Tfied by 8cwty. The ts)st$ of ••th athity are made up of the totsl of dired costs and shared costs. including 5UPPOrt ¢J)sts 1nvcd In undertaklng each a1¥1. Dlre¢t Costs attributstrAe lo a Single activity are lOCated diredly lo that aGwty. Shared whrtl CMtn'bLrtt to mor• than one acbvity and support costs whbch are not attributsble to a single are apportioned between thoso actiwties on a basls ¢onsi$18nt with the use of resources. Central staff costs are a1¢xa on the ba&$ of lima spent, and d¥pr•ciation tharg•s ar• allocated on tho porth)n of the assefs use.
BOXWISE FOUNDATION NOTES TO THE FINANCIAL STATEMEKfs (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2024 A¢¢ounllng polkl IContlnu•dl 1.7 Tanglbl• ftx•d ••••ts T8ngible fixed assets Initlty megwred c4)8t and 8ubwuonty mo38urod at C08t u ¥aal)n. not of d•precOn and any Impalnnent loss. D&pre¢ialion 1$ rec4ni8ed $0 as to WTit¢ off th8 CXt or valUalk of 8s80ts1è88 the re8klual valjos 0r the lJ6eful lives on foNth¥lng ba. IT Equlpment 33.33% str8wht I Tho galn or k789 4rf8lng on the dl8pwI of 08S8t is deteIned as the drfltren¢ betwmen the 88le proco•ds And ¢•rrySNJ vabJ• olthe 888et, ¥nd rwyl8•d In ts statern•nt of finandal Ktlbitles. 1.8 Impllmwnt offix•d a•••ts At each raporting end dale. Ihe charity révi•ws thè carrykng amounts of tts tsr¥Jlbbg $ts to det¢miSne whether Ihefe 19 any kndkallon Ihol Ihose assets suffered an IMlmOnt loss. If #ny Such Indicallon •xisls. the r•c¢ver•bb •mcrtml of th• assat is 881knth kn ordèr to d0t•mnts thtr •xtw)t of th• inp•imi•nl loss {N any). 1.0 Ca¥h •nd ca•h •qulvhnts Cash and cash gqufvalgnts InGkNJe •h in hand. deit$ hokj •1 c•ll with banks, other $hort-l•rm Ikwkl inveslNnls with origingl m8turities of thr fflt)nthg or 3#. and bank 04wthaft8. Bank overdrafts are shown In borrowlws In cwrent Ilabi111o8. 1.10 Flnancl•l Inlrum•nt• The charlty has tred to ¥PF4y tr S•dlon 11 'BA#lc Fln%lal InBtrumènt#' 4Th1 Sèdon 12 'Olh8r Flnandal Inslrumonts16sues' of FRS 102 to •N of ils fwwiual in&tsuments. Flnandal In8trwn8nts are recogniBed kn the ¢h8riV$ balanc• 8h••l whw Iha chty b8corno& party lo thè ¢ontractual provisions of the instrument Flnand¥l 4$sets and liabilitias are olYs8L wllh th8 net ants preserrtod in th¢ fm•nci•l st8¢•ments. there w a legaty enftyce¥ble right lo t off Ihe recognised amounts and tlwe 1$ an inlenb.on 10 8etde on a net basis or lo reallse the ass aTrJ solu8 Ilabllmy 8lmthneouyPy. B•Bk trYn•ncl•l •ss•ts Basic financi assets. whith ndude debtm And 3h and bank balances, are rtialY rneasured al transaction price inrjuding transactlon sts and are 5ubs•quontty carried ai amortised cost using th6 effeoaive Interest rnethod unle55 the arranggmnt conslJtLrtes a financing transaction, where the transaction is measurèd al the preyem value ol the fuluce Ilpts dlso)unlod al 8 rna&t rato of bntarest. Finanal aB88ts dassiffied as recewable within one year •re not amtirtbd. 80$l¢ Ilnan¢l•l Ilabllll Basic finarla1 fiabilrties, Iruding (¥ed6torn and bank loans are Initoly rgry4nis•d 01 transaction price unless the grrangem8nt constitutes a financiThJ Iransadion. vthwe the debt instrurrbgnl Is mea$urgd at the presonl valu• of th• future paynnts digcounted at a market wate of intwest. Flnanwl li8knlthe$ d8s$ifth 88 payable wbthln one year are rnl amortiS8d. Debt hstruments arn $ubwuenYy caled at nttIl ¢y)s( u81np the eff8(ai¥* ittern8t rate method. Trade tteditors aw oblyb.ons to pay tr goods or that have been acquired in the ordinary course ol operalions frryn suppfiers. Amwnts payth a dassifd as rrent liabilities rf paymnl is thje within one year or less. If 1, they are presented as nOTr¢unI lialmlities. Trade ueditors are recognised inib8lly at tr8nsa(aion pri #nd 8ub8equenUy me88ur¢d 81 amorfised $1 uslng thg elteckn Intefest methcrfj.
BOXWISE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2024 Accounllng polkl•• Icontlnu•dl D•rneognlllon of fin•n¢tslll•bllld Finarrial liabilit are derncogrused when D)ntra¢Jal oblWM8 expire or #re di&(arged or ¢ancdlgd. 1.11 Employ•• b•th•l The cost of any unused hc41day •nbU•nnt18 rectyn6Md In the perfod in whith Ihe eM0Y0e'• seM(xs 8re re1ve. Terminati beneffts are recognised imrn8diat8ty a8 an WAs9 knn the thartty Is demonstrably c•mntttd lo lermlnale the empkIent of an emFloyee or to provide terniinat b&n¢ffls. 1.12 R•tlr•m•nt b•n•fft• Payments lo defined contrition r•11r•ml acM•S v• as an •yn8a a8 they fall due. crfu1 a¢¢ountlng Mtknit•• •nd Judu•m•nts In the app&cation ol the ch8rity's gccounling polKi08, thg truslee$ ore requlrgd lo mak& iudgemonts. esllmales and assumplions about the caThying amount of assets and liats'lib'&s Ihal •r• not re#d1 apparent from othor sources. The estimates and a$sory8ted Assumptty)n$ are ba$8d w hist1¢81 eyrl8nce and other factors that aro ¢xnsldgred to bo 1gl•vanL Actual may dffl•r from estimat•s. 08tlmat98 and undertylw as8umptkn)s are revotrwed on an ongoing ba81#. Rev581ons to accountlng •$timates are recogni5ed in the period in whth the estimale li rovisod whorg thg revl8lon affocts onty that pedod, or In the peik)d of tho r$b)n and fulLTh pèrKNts whèrn tho re¥lsknn aff•th both rrent •nd futu periods. In¢•)m• from don•llon• ind l•g•¢1•• Unr••trl¢t•d lund• 2024 Donaon$ Oth•f Incom• Unr•atrl¢tsd fvnds 2024 Otr income Qlk• èqulpm•nl from Bo>Avlso CIC 8,575
BOXWISE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2024 Exp•ndltrr• on rnknlng tr)Jnd• Llnrn¥trf¢t•d fvnd 2024 Marketing, social r8 & P1¢ Relat# Stall Costs 12.918 2.137 15.055 Exp•ndltuv• an chrStsbl• acllvlu 2024 staff costs Depredallon C10$8 de&wy Cgteri Equipment & mef¢4ndi Staff & penSeS Stsff & $tud•nl Mting8 exwsos IT & compul8r conwJmabl85 Postage & (zrriage Office Slationery Tglephon• Log81 & wofesstond fee8 Accounlary fee8 Sub$¢rlplbns Bank Gharge$ 23,7eKJ 1.681 38,883 6.994 18,0 10,595 88 17 1,185 13,922 4,534 1,087 120,970 Shar• of•wiportand gov•rnIn ¢o•ts l•w not• 7) GovemarKe 8.130 129,100 An4ly¥l• by fvnd UnrestrKled fvnds 129.100 Support M¥ts •Mocted to a¢tivlll•• 2024 Governar c4)$1s 8.130 10-
BOXWISE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2024 Support ¢ts •llo¢al•d to actlvld IContlnu•dl 2024 Qo¥emnc• t¢)mpriM: Staff costs lTraepèndenl aMInatiOn faes 6,030 2,100 8,130 Tru•t• Ne of the trustees {or any pernons ¢onnecled th•ml r•¢th14ny r•mun•r8llon or bonèfits th thadty durfng the perf(>d. Employ• Th& average monthty number of empw during thè perKxl w8$: 2024 Mumb•r Employm•nt ¢o•t• 2024 Wdg•s and salarios Othar ponslon costs 31,2 831 31.927 There were no empk)yees tthe anNal rnThMeratic was more than £60.1m. Rwnun•ratlon of k•y mang•m•nt p•r•onn•l The remunerat?n of key management personnel was 48 fohM.' 2024 Aggregate comporli0n 21.386 10 Taxatlon Th8 tharity 18 exempt from taxation on bts a(the3 bwajse all its inLaTh is appld for chaiitabbe PUFpo8es. 11
BOXWISE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 DECEAIBER 2024 11 Tanglbl• fix•d aM•ts Ct Addmons Transfer from 8oxv4ise London CIC 1,299 6.543 At 31 DKgrrtr 2024 7.842 Lv•cl•tlon Depre•1 thargod In tho period 1,661 Al 31 D8cembgr 2024 1,681 Carrylng amount At 31 D•¢ember 2024 8,181 12 D•blor• 2024 Amount• falllng du• tAthln OM y•r. Prwyrnenls and A(tWod I0 13 Cr•dltov•: amounts f•lllnq du• wlthln OM y 2024 Oihgr tax4b.on and soaAI 19rY Trade ¢dor9 other crodilors Ao>uah and deferred InconK• 873 18,199 7.399 4,400 28,871 14 Retlrwn•nt b•n•fft xh•m 2024 D•fin•d contrlbullon •¢hemès Charge to pfofft or loss in T•sped ofdgfined ntAl orlne5 631 The charlty operales a defined contributvjn pensw s¢heme for qualffyirg employees. Tho ass•is of th• scheme ar• held separat•ty from thos8 of1he tharity n an iThSepeTh*nty 8dnNntslered fund. 12-
BOXWISE FOUNDATION NOTES TO THE FINANCIAL STATEMEKfs (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2024 16 Unrntrlct•d funds Thg unr•stricled fvnd$ of the charrty ctsmprfse th eXpended bal8n¢e$ of donations and grnnts whlch arg not subject lo specifK condth.S by and grantors a$ to how may used. These indudts d08Ignal fvnds which ha b••n s81 aside out of unr•strKted fvnds by the twsiees for spe¢ific purpo898. At 11 Augurt *Komlng R••wvceA At31 2023 ourt•• •xp•nd•d D•c•mhr 2024 Genw•l fldI 306.575 1144.1551 162.420 18 R•l•tsd party tr•n•adlon• A tVV8toe, R Ooygn, rd also a director ol Boxwse Londtsn cic. fring the year, assets with a nèt book value of £6,543 w•re transferred to the th•nty for £nil ojn8hlor8tn. Receipts from BoAse LOn CIC lotalled £8.721 and payments made on behaN of BoThn6e London CIC tolallgd £1,577. l••¥kng •n amount chvèd to Boxwi80 London CIC at the porK)d end of £7,144. A Iru$l•e. A L Rhodes, 18 also a partheT of Misfthxn dg Reya. Durww the #r £12,422 was PaKI to Ml$Pwn dè Reya In relgtion to l•g•l f••s. As at the period end £7,622 was lo Mlsho)n d• Reya. 13-