for the Period Ended 30 June 2024
Balance sheet | |
Additional notes | |
Balance sheet notes | |
Community Interest Report |
As at
Notes | 2024 | 2023 | |
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£ |
£ |
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Called up share capital not paid: |
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Fixed assets | |||
Intangible assets: |
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Tangible assets: | 3 |
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Investments: |
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Total fixed assets: |
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Current assets | |||
Stocks: |
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Debtors: |
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Cash at bank and in hand: |
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Investments: |
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Total current assets: |
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Prepayments and accrued income: |
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Creditors: amounts falling due within one year: | 4 |
(
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(
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Net current assets (liabilities): |
( |
( |
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Total assets less current liabilities: |
( |
( |
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Creditors: amounts falling due after more than one year: |
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Provision for liabilities: |
(
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(
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Accruals and deferred income: |
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Total net assets (liabilities): |
( |
( |
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Capital and reserves | |||
Called up share capital: |
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Share premium account: |
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Other reserves: |
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Profit and loss account: |
( |
( |
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Total Shareholders' funds: |
( |
( |
The notes form part of these financial statements
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
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 30 June 2024
Basis of measurement and preparation
Turnover policy
Tangible fixed assets depreciation policy
for the Period Ended 30 June 2024
2024 | 2023 | |
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Average number of employees during the period |
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for the Period Ended 30 June 2024
Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total | |
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Cost | £ | £ | £ | £ | £ | £ |
At 1 July 2023 |
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Additions |
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Disposals | ||||||
Revaluations | ||||||
Transfers | ||||||
At 30 June 2024 |
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Depreciation | ||||||
At 1 July 2023 |
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Charge for year |
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On disposals | ||||||
Other adjustments | ||||||
At 30 June 2024 |
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Net book value | ||||||
At 30 June 2024 |
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At 30 June 2023 |
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for the Period Ended 30 June 2024
2024 | 2023 | |
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£ | £ | |
Bank loans and overdrafts |
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Amounts due under finance leases and hire purchase contracts |
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Trade creditors |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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Total |
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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.
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).
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.
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