c￿rtty regkn*tion numb•r 12073921England and W*l••)
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 N0￿mbar
2023)
<Appoint•d 11 August 2023>
N P C&*rwod MaU￿ban
S•nlor man•gMn•nt
Chief Ex￿tiVe Offic*r
Chlel Operalng Officer
Charlty nwnlMr {EngI￿d and W•l••
120n92
Comp•Dy numb•r
15W799
Prfn¢lp•l addr•
10th Floor
240 Blackfrblfs Road
London
SEI 8NW
Ind•p•nd•nt •xamln•r
Royrs Spgncor
Nowslead Hou
Pdham Road
Nottlryham
NG5 IAP
Bank•rn
HarTy￿￿ & Co
9 Charlotte Squ•r•
Edinbur9h
EH2 4CIR

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 Compan￿8 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, Eng￿nd Bo￿n9. b¢01 gyms. yOLbth organisatlons, schools, and o)mmunity ¢•nters, poli(*
servi￿S 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 c*al•nps our partklpants tsce, c£ffttinuod to pL8y a VW rol? in buildlng
INSI and lost￿n9 p8r8onal growtlk
Pulkn bgn4fft
The Iru816es have paKrf du? r•yrd lo 9￿fice *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. In￿d1ft9 th089 81 rfsk of gxduslon,
Invc4vernenl in i￿￿•, or •xprlendnq m•ntsl hoalth dIffi￿￿'e8. ￿￿rkI￿a 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•:
LaU1￿h of a C•ntr•potnl Ilom•lM• hub In London brirvJ5 our 10t￿ Centrepolnl I￿atIOnS 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￿￿
hclusk*n 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
F￿￿nCilI r•¥l•w
- Told incomo.. £3Cffj.575
- Told expenditwe.. £144,155
- Re￿r￿•S at y•arry•nd: £162,420
. PrKnary sources of funding inthded grants. ind￿7(￿al donalons. ¢￿t WlSOT8hlps.
Thè Ilnanual posltkn rèmalns gfft. vAth mem• at the y￿1 •nd of£162k.
Th1¥ rgpresents •trnost 4 months ol oporatlcw￿l 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$• ii8ks and
Looklng Ah•4d
A¥ we look to the future. Boxlmse remains L*mmlited to daepthw tyjr lryacl and reathlNJ more Yc￿9 peoplo kn
need. Our prionties for the nexi year Ind￿..
. Conlknued into Highly po8t¢od•8 Id8nllfiad by ONS data.
. Str•ngth•nry our dala coledion and t￿luati￿
OwNiwMng Ixlf delivery value$ 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￿. DaY4￿daY operation5 arè managed by the Ch￿1
oxeojtive officer and cliel operating officer. Twste8s are appointod through a formal proc095, onsuring a range of
s￿119 and fjyrf•n￿.
The trustee5, who are a150 the direL*oTS 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 Ran￿Tr
(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 ÈXan￿n&lIti￿ of the ￿an(la1 8t8tements ol BoxwOBe FI￿nd#t￿)n (thè c*arityl for the
pgriryj endod 31 Decambor 2￿4.
Ro•porAlbllltl•• and ol r•port
As the trustees of the charity (and akn its dKeclors for the purposes of company lawl. you are reSpOr￿1b￿ for tho
preparation of tho firrandal StatfjM￿ts in ac>xrdanco wilh the requirgmwls of thg Companl¥sAct 2006.
Havkng 8a1￿8￿¢￿ myself that thè flnandal 8tsttments ol thè d*rtty 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 $8c*on 145 ofthe Chadtles 2011. In carylng out my •xamin*'on
I have folknyed th• Dwfjction$ given by tho Charlty CLNnmission urM18r s•etion 14515)(b) ofth• Char￿￿6 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 qLwlrf*d lo uThJ•rtak• •x¥mIn81￿ b*4uso 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& th*hy 88 wutr•d by 386 of thè Companie$ Acl
2006.
e IInar￿al slatements do not accord with those r•(*rds,' or
th& finandal 8lalement8 do not Ca)M￿Y wlth the axountiNJ roqulrements of Sedon 396 of tha Companlès Act
2006 other than alry r￿ul￿M￿nI 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 charit￿3 applicable to chavltl88
preparing th￿r 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 9￿mIn0￿0n lo whkh attonti
should h drawn In thi8 repofi b) 0￿01 to enab￿ a proper urKl•rstanding ol th• fiMn¢lg18latem•nts lo b8 reached.
M•lvln Balhy FCCA DChA
Rog&rs S￿nC￿r
Me￿180d 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 •ndo*ryn•￿ from:
DonalKJns and
Olhor in¢ome
6.575
Totsl Incom•
.575
Exp•ndlturn on:
Raising fvnds
Charftable aGtyNIo8
15.055
129.11
Total •xP•Thd￿Y*
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¥ni￿d in th8 porbd. AJI 1Th￿nI 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¢knO￿allgfj 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 ￿ a￿lt of tts ¥tat•m•nt8 for p•rkMI In questlon
In accordanc• wrfh $8ction 478.
flnand818tslements ha￿ been proparnd kn acc￿￿anc¥ wkn th• apF4icabk to comi￿108 8u4èra
to lh& $mall ¢omp4nies regiry*.
Tho ffinanual stslem•nts wern approv•d by th• tnMtg•s C￿..*2.1A￿A¥I.........
A Cook
Tr￿ts•
Ccrfrpany r•gi$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 FOunda￿n is a pllvate r£fflparTry limited by guarnntet fjr￿ed 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 d￿lty. These finaTrial statements eov8r th• ￿￿0d from 11 Augu8t
2023 to 31 D￿ember 2024.
12 Accounting conv•nllon
The finana81 statements haN* b••n prw•red in 8eeordance wilh thè tharitys goV￿1ng d0￿Ment, 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 th￿r Xcl￿nts in acc*rdance 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 fiJrrtx￿naI uJrr•rq of th• charty. Monetary
8moLml• In Ihue finandg18tgtemonts are nxN¥J8d to the £.
TM flnanclal 8tatement8 have b￿n prepwed hiitorical ￿11 ￿lI￿ntk￿. 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 opera￿r￿1 ex1ster￿fr 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 V**wi th• dwnty i$1gg41ty on11119d to A after porlornwnce Co￿lItionS ha¥e be￿ mot,
the #nb)unts can h m•4sw•d rn118bty. and it is pr￿ats18 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 nOti￿d
ol the don8b"on. urkn performon¢• g)ndthis require defe￿al 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 $8lU8m8nL and tho amunl of
the oblg8Uon can be measured rgliably.
ExFendilure rs das5Tfied by 8c*wty. The ts)st$ of ••th athity are made up of the totsl of dired costs and
shared costs. including 5UPPOrt ¢J)sts 1nvc￿d In undertaklng each a￿1¥1￿. Dlre¢t Costs attributstrAe lo a Single
activity are ￿lOCated diredly lo that aG*wty. 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 Init￿lty megwred ￿ c4)8t and 8ubwuonty mo38urod at C08t u ¥a￿al￿)n. not of
d•prec￿On and any Impalnnent loss￿.
D&pre¢ialion 1$ rec4ni8ed $0 as to WTit¢ off th8 CX￿t or valUalk￿ of 8s80ts1è88 the* re8klual valjos 0￿r the*
lJ6eful lives on foNth¥lng ba￿.
IT Equlpment
33.33% str8wht I
Tho galn or k789 4rf8lng on the dl8pwI of ￿ 08S8t is dete￿Ined as the drfltren¢* betwmen the 88le proco•ds
And ¢•rrySNJ vabJ• olthe 888et, ¥nd ￿ rwyl8•d In ts statern•nt of finandal Ktlbitles.
1.8 Impllmwnt offix•d a•••ts
At each raporting end dale. Ihe charity révi•ws thè carrykng amounts of tts tsr¥Jlbbg ￿$￿ts to det¢miSne
whether Ihefe 19 any kndkallon Ihol Ihose assets suffered an IM￿lmOnt loss. If #ny Such Indicallon
•xisls. the r•c¢ver•bb •mcrtml of th• assat is 881knth kn ordèr to d0t•m￿nts thtr •xtw)t of th• inp•imi•nl
loss {N any).
1.0 Ca¥h •nd ca•h •qulv*hnts
Cash and cash gqufvalgnts InGkNJe ￿•h in hand. de￿it$ hokj •1 c•ll with banks, other $hort-l•rm Ikwkl
inveslN*nls with origingl m8turities of thr￿ fflt)nthg or ￿3#. and bank 04wthaft8. Bank overdrafts are shown
In borrowlws In cwrent Ilabi111o8.
1.10 Flnancl•l In*lrum•nt•
The charlty has t￿r￿ed to ¥PF4y tr* S•dlon 11 'BA#lc Fln*%lal InBtrumènt#' 4Th1 Sèdon 12
'Olh8r Flnandal Inslrumonts16sues' of FRS 102 to •N of ils fwwiual in&tsuments.
Flnandal In8trwn8nts are recogniBed kn the ¢h8riV$ balanc• 8h••l whw Iha ch￿ty b8corno& party lo thè
¢ontractual provisions of the instrument
Flnand¥l 4$sets and liabilitias are olYs8L wllh th8 net a￿￿nts preserrtod in th¢ fm•nci•l st8¢•ments.
there w a legaty enftyce¥ble right lo ￿t off Ihe recognised amounts and tlwe 1$ 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 I￿lpts dlso)unlod al 8 rna￿&t rato of bntarest. Finan￿al aB88ts
dassiffied as recewable within one year •re not amtirtb￿d.
80$l¢ Ilnan¢l•l Ilabllll
Basic finar￿la1 fiabilrties, Ir￿uding (¥ed6torn and bank loans are Initoly rgry4nis•d 01 transaction price unless
the grrangem8nt constitutes a financiThJ Iransadion. vthwe the debt instrurrbgnl Is mea$urgd at the presonl
valu• of th• future payn*nts digcounted at a market wate of intwest. Flnanwl li8knlthe$ d8s$ifth 88 payable
wbthln one year are rnl amortiS8d.
Debt hstruments arn $ubwuenYy ca￿led at ￿nt￿tI*l ¢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￿ dassif￿d as ￿rrent liabilities rf paymnl is thje within one
year or less. If ￿1, they are presented as nOTr¢u￿￿nI 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•n*nt18 rectyn6Md In the perfod in whith Ihe eM￿0Y0e'• seM(xs 8re
re￿1ve￿.
Terminati￿ beneffts are recognised imrn8diat8ty a8 an WA￿s9 *knn the thartty Is demonstrably c•mn￿tttd
lo lermlnale the empkI￿ent of an emFloyee or to provide terniinat￿ b&n¢ffls.
1.12 R•tlr•m•nt b•n•fft•
Payments lo defined contri￿tion r•11r•m￿l ac￿M•S v• as an •yn8a a8 they fall due.
crfu￿1 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$8d w hist￿1¢81 eyrl8nce and other factors that
aro ¢xnsldgred to bo 1gl•vanL Actual may dffl•r from estimat•s.
08tlmat98 and undertylw as8umptkn)s are revotrwed on an ongoing ba81#. Rev581ons to accountlng
•$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￿$b)n and fulLTh pèrKNts whèrn tho re¥lsknn aff•th both ￿rrent •nd futu
periods.
In¢•)m• from don•llon• ind l•g•¢1••
Unr••trl¢t•d
lund•
2024
Dona￿on$
Oth•f Incom•
Unr•atrl¢tsd
fvnds
2024
Ot￿r 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 r￿8 & P￿1¢ 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 & $tud•nl M￿ting8 exwsos
IT & compul8r conwJmabl85
Postage & (zrriage
Office Slationery
Tglephon•
Log81 & wofesstond fee8
Accounlary fee8
Sub$¢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 •Moc*ted 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¥em*nc• t¢)mpriM:
Staff costs
lTraepèndenl ￿aMInatiOn faes
6,030
2,100
8,130
Tru•t•
N￿e of the trustees {or any pernons ¢onnecled th•ml r•¢th*14ny 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 man*g•m•nt p•r•onn•l
The remunerat*?n of key management personnel was 48 fohM.'
2024
Aggregate compor￿li0n
21.386
10 Taxatlon
Th8 tharity 18 exempt from taxation on bts a(*the3 bwajse all its inLaTh is appl￿d 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
C￿t
Addmons
Transfer from 8oxv4ise London CIC
1,299
6.543
At 31 DKgrrt￿r 2024
7.842
L*v•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• t*Athln OM y•*r.
Prwyrnenls and A(tWod I￿0
13 Cr•dltov•: amounts f•lllnq du• wlthln OM y
2024
Oihgr tax4b.on and soaAI 19￿r￿Y
Trade ¢￿d￿or9
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 ￿nt￿Al￿ orl￿ne5
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 Unrn*trlct•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 fl￿dI
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. f￿ring the year, assets with a nèt book value of
£6,543 w•re transferred to the th•nty for £nil ojn8hlor8t￿n. Receipts from Bo￿Ase L￿￿On 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-