THE FIGHTING CHANCE IN LONDON CIC

Company Registration Number:
09679735 (England and Wales)

Unaudited statutory accounts for the year ended 30 June 2024

Period of accounts

Start date: 1 July 2023

End date: 30 June 2024

THE FIGHTING CHANCE IN LONDON CIC

Contents of the Financial Statements

for the Period Ended 30 June 2024

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

THE FIGHTING CHANCE IN LONDON CIC

Balance sheet

As at 30 June 2024

Notes 2024 2023


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 719 64
Investments:   0 0
Total fixed assets: 719 64
Current assets
Stocks:   0 0
Debtors:   0 0
Cash at bank and in hand: 28,991 28,375
Investments:   0 0
Total current assets: 28,991 28,375
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 4 ( 87,385 ) ( 51,679 )
Net current assets (liabilities): (58,394) (23,304)
Total assets less current liabilities: (57,675) ( 23,240)
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: ( 137 ) ( 12 )
Accruals and deferred income: 0 0
Total net assets (liabilities): (57,812) (23,252)
Capital and reserves
Called up share capital: 100 100
Share premium account: 0 0
Other reserves: 0 0
Profit and loss account: (57,912 ) (23,352 )
Total Shareholders' funds: ( 57,812 ) (23,252)

The notes form part of these financial statements

THE FIGHTING CHANCE IN LONDON CIC

Balance sheet statements

For the year ending 30 June 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 24 March 2025
and signed on behalf of the board by:

Name: Imran Khalil
Status: Director

The notes form part of these financial statements

THE FIGHTING CHANCE IN LONDON CIC

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Grant income is recognised at fair value only when the grant conditions have been met. Grants for specific projects are recognised as income when associated project expenditure has been incurred. When projects are in progress at the end of the financial year, or where they have not yet started, grants are carried forward as deferred income to the extent required to fund anticipated costs on the projects. The C.I.C. receives donations which can only be expended on community benefit projects. The donations are recognised as income only when they are expended. Any unspent amounts at the end of the financial year are deferred and carried forward to the following financial year.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life as follows: Plant and equipment etc 20% straight line

THE FIGHTING CHANCE IN LONDON CIC

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 2 2

THE FIGHTING CHANCE IN LONDON CIC

Notes to the Financial Statements

for the Period Ended 30 June 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 July 2023 1,280 1,280
Additions 858 858
Disposals
Revaluations
Transfers
At 30 June 2024 2,138 2,138
Depreciation
At 1 July 2023 1,216 1,216
Charge for year 203 203
On disposals
Other adjustments
At 30 June 2024 1,419 1,419
Net book value
At 30 June 2024 719 719
At 30 June 2023 64 64

THE FIGHTING CHANCE IN LONDON CIC

Notes to the Financial Statements

for the Period Ended 30 June 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 0 0
Taxation and social security 2,227 1,624
Accruals and deferred income 84,647 50,049
Other creditors 511 6
Total 87,385 51,679

COMMUNITY INTEREST ANNUAL REPORT

THE FIGHTING CHANCE IN LONDON CIC

Company Number: 09679735 (England and Wales)

Year Ending: 30 June 2024

Company activities and impact

The Fighting Chance is a Community Interest Company that works with people who have complex needs and require additional support: people facing barriers to finding employment; people who experience poor mental health which affects their ability to find work; people experiencing severe mental health issues including Armed Forces Veterans. During the financial year the company has delivered programmes supporting Armed Forces Veterans working closely with Op Courage, NHS mental health partners and a new partnership with Royal Hospital Chelsea. The Fighting Chance was also part of Better Together the London regional Veterans' Places, Pathways and People programme. This was a 2-year partnership running until the end of 2023. Other activities include a 3-year programme in partnership with charity Blesma supporting Armed Forces Veterans who have experienced loss of limbs, including loss of sight, hearing and use of limbs. The Fighting Chance is also working in partnership with CDARS a charity which supports people in recovery from substance misuse. We also ran a Women Only programme as a pilot supporting women Veterans. Our programmes are designed to bring about positive improvements through engagement with non-contact boxing training programme; additional support is provided with finding work, getting training or activities designed to support improvements in mental wellbeing, and allowing individuals lead fulfilling lives and contributing to their community and society in general. The company operates across London delivering programmes from boxing gyms in, Wandsworth, Lambeth, Barnet; in addition to working closely with Veteran agencies throughout London and operating from our office in Central London. The company’s programmes have supported individuals with demonstrable improvements in health and wellbeing. The organisation has additionally helped participants get back into work, training and given support with self-employment. A key feature of the company’s work are programmes for Armed Forces Veterans, particularly those with severe and complex mental health problems. The programme has received visits from the Armed Forces Ministers and commendations for its work in supporting Veterans. The company was invited to 10 Downing Street supporting the visit of Dr Jill Biden, First Lady of the United States, to the coronation of King Charles. The company has several volunteers who support the delivery of our programmes. In the last financial year our programmes engaged with 100+ participants.

Consultation with stakeholders

The Fighting Chance’s key stakeholders are the people we serve through our programmes: those suffering poor mental or physical health, people with barriers to finding employment and Armed Forces Veterans experiencing severe mental health issues and social isolation. Other stakeholders include our funders and key partners: our work with the Armed Forces community means we work closely with several key Veteran agencies to improve our work and its impact. Our position in the Armed Forces community has improved over the last financial year. Our partnership working has received commendation from our statutory and charity partners. A key part of our work is involving service users in devising delivery, and this is critical to our ongoing work with Armed Forces Veterans. It is also a key part of our funding strategy: demonstrating the input of service users and working towards joint outcomes. In the year ending 30 June 2024, we completed consultations and storytelling sessions with women Veterans to help understand their needs and design a programme of support; we also worked closely with other partner agencies as part of the Better Together programme consulting with Veterans to understand their needs across London (this was administered in part by the London Armed Forces Network).

Directors' remuneration

The company has 2 employed Directors in the year under review. The aggregate amount of emoluments paid to or receivable by the Directors in respect of qualifying services was £76000. There were no transactions or arrangements in connection with the renumeration of the directors or compensation for the director’s loss of office which require to be disclosed.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
24 March 2025

And signed on behalf of the board by:
Name: Imran Khalil
Status: Director