**----- Start of picture text -----**
,
REGISTERED CHARITY NUMBER: 1119091
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2025
FOR
MIDDLESEX SPORTS FOUNDATION
Sproull & Co.
Chartered Accountants
First Floor, Jebsen House
53-61 High Street
Ruislip
Middlesex
HA4 7BD
**----- End of picture text -----**
**----- Start of picture text -----**
"MIDDLESEX SPORTS FOUNDATION
. CONTENTS OF THE FINANCIAL STATEMENTS
~ FOR THE YEAR ENDED 30TH JUNE 2025
Page
Report of the Trustees 1 to 2
Independent Examiner's Report 3
Statement of Financial Activities 4
Balance Sheet 5
Notes to the Financial Statements 6 to Il
Detailed Statement of Financial Activities 12
**----- End of picture text -----**
**----- Start of picture text -----**
MIDDLESEX SPORTS FOUNDATION
. REPORT OF THE TRUSTEES
~ FOR THE YEAR ENDED 30TH JUNE 2025
The trustees present their report with the financial statements of the charity for the year ended 30th June 2025. The
trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice
applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the
UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The objects and activities of the Foundation are:
(i) to advance the education of children and young persons, in particular through the promotion of sport (including rugby
union football and other games and sports) and recreation;
(ii) to relieve and promote the relief of disabled and injured sportsmen and sportswomen;
(iii) to promote or provide or assist in the provision of facilities in the interest of social welfare for recreation or other
leisure time occupations (including the playing of rugby union football and other games and sports) of individuals who
have need of such facilities by reason of their youth, age, ill health, disability, financial hardship or social or other
disadvantage with the object of improving their conditions of life;
(iv) the promotion of community participation in healthy recreation, in particular by the provision of facilities for the
playing of rugby union football.
Through the giving of grants, our work assists other Charities in the performance of their objectives.
The trustees confirm that they have complied with the duty in Section 4 of the Charities Act 2006 to have due regard to
the Charity Commission's general guidance on public benefit.
Grantmaking
The Foundation examines requests for funding on an individual basis, and grants are allocated according to funds
available. Recipients of grants are notified that a request for further funding can only be made after a period of 2 years.
|
FINANCIAL REVIEW
Financial position
The financial position of the Foundation at the date of the balance sheet remains strong. The income of the Foundation is
| derived from donations, investment income, bank and building society deposits making a total income for the year of
£65,604 (2024 - £57,496).
Donations to charitable organisations and individuals during the year totalled £52,900 (2024 - £49,500).
Investment policy and objectives
The investment policy of the Foundation is to obtain sufficient income to meet the requirements of the Foundation using
a medium risk strategy and wherever possible avoid investments in the tobacco and arms industry.
Risk management
The trustees have examined the major strategic, business and operational risks to which the Foundation is exposed, and
concluded that the main risk facing the Foundation is the ability of the investment portfolio to produce sufficient income.
The trustees regularly review the performance of the portfolio to ensure it is satisfactory, and confirm that systems have
been established to mitigate those risks that may arise.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The Foundation is controlled by its governing document, a deed of trust, that constitutes an unincorporated charity.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
1119091
Page 1
**----- End of picture text -----**
MIDDLESEX SPORTS FOUNDATION ~ FOR THE YEAR ENDED 30TH JUNE 2025 . REPORT OF THE TRUSTEES ## Principal address 127 Lisbon Avenue Twickenham Middlesex TW2 5HL ## Trustees P Astbury (retired 10.11.24) K Hornby J Summers K Vleck S Grainger CS Portsmouth G Rees P Handford (resigned 19.9.24) MsK Neale (appointed 23.1.25) Ms L Latter (appointed 23.1.25) S Rac (appointed 23.1.25) Independent Examiner Sproull & Co. Chartered Accountants First Floor, Jebsen House 53-61 High Street Ruislip Middlesex HA4 7BD ## Bankers Cater Allen 9 Nelson Street Bradford BD1 SAN Approved by order of the board of trustees on 2 ecieSek Ror and signed on its behalf by: Page 2 **----- Start of picture text -----**
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
MIDDLESEX SPORTS FOUNDATION
Independent examiner's report to the trustees of Middlesex Sports Foundation
I report to the charity trustees on my examination of the accounts of Middlesex Sports Foundation (the Trust) for the
year ended 30th June 2025.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the
requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out
my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of
the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the
examination giving me cause to believe that in any material respect:
Ve accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
Za the accounts do not accord with those records; or
35 the accounts do not comply with the applicable requirements concerning the form and content of accounts set out
in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a
true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should
be drawn in this report in order to enable a proper understanding of the accounts to be reached.
|
| Michelle Wickwar A.C.A., F.C.C.A.
| Sproull & Co.
Chartered Accountants
First Floor, Jebsen House
53-61 High Street
| Ruislip
Middlesex
HA4 7BD
Date: Biic\2025.0.
Page 3
**----- End of picture text -----**
. MIDDLESEX SPORTS FOUNDATION ## . STATEMENT OF FINANCIAL ACTIVITIES ~ FOR THE YEAR ENDED 30TH JUNE 2025 eee **----- Start of picture text -----**
|||||| |---|---|---|---|---| |2025|2024| |Unrestricted| |Notes|fund|_|Total funds| |INCOME AND|ENDOWMENTS|FROM|£|£| |Investment|income|3|65,604|57,496| |EXPENDITURE|ON| |Raising funds|4|6,973|5,516| |Charitable|activities| |Grants made to organisations|52,900|49,500| |Governance costs|8,765|8,061| |Total|68,638|63,077| |Net gains on|investments|23,641|120,267| |NET INCOME|20,607|114,686| |RECONCILIATION|OF|FUNDS| |Total|funds|brought forward|1,919,008|1,804,322| |TOTAL FUNDS CARRIED FORWARD|1,939,615|1,919,008| **----- End of picture text -----**
The notes form part of these financial statements eee Page 4 **----- Start of picture text -----**
MIDDLESEX SPORTS FOUNDATION
**----- End of picture text -----**
**----- Start of picture text -----**
. BALANCE SHEET
* 30TH JUNE 2025
2025 2024
Unrestricted
fund Total funds
Notes £ £
FIXED ASSETS
Investments 8 1,855,334 1,790,705
CURRENT ASSETS
Debtors 9 3,965 58,338
Cash at bank 84,574 74,097
88,539 132,435
CREDITORS
Amounts falling due within one year 10 (4,258) (4,132)
NET CURRENT ASSETS 84,281 128,303
TOTAL ASSETS LESS CURRENT
LIABILITIES 1,939,615 1,919,008
NET ASSETS 1,939,615 1,919,008
FUNDS 11
Unrestricted funds 1,939,615 1,919,008
TOTAL FUNDS 1,939,615 1,919,008
| —=-—— —
TietinAOGEEfinancial ese422 andwere were signedapproved on itsby behalfthe by:Board of Trustees and authorised for issue on
—
G Rees - Trustee
The notes form part of these financial statements
Page 5
**----- End of picture text -----**
**----- Start of picture text -----**
MIDDLESEX SPORTS FOUNDATION
. NOTES TO THE FINANCIAL STATEMENTS
~ FOR THE YEAR ENDED 30TH JUNE 2025
1. STATUTORY INFORMATION
Middlesex Sports Foundation is a charity registered in England and Wales. The charity's registered number and
principal address can be found on the Report of the Trustees page.
2. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in
accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)’,
Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of
Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost
convention, with the exception of investments which are included at market value, as modified by the revaluation
of certain assets.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it
is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the
charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and
the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has
been classified under headings that aggregate all cost related to the category. Where costs cannot be directly
attributed to particular headings they have been allocated to activities on a basis consistent with the use of
resources.
| ‘ .
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but
not accrued as expenditure.
| Taxation
The Foundation is exempt from tax on its charitable activities.
Fund accounting
| Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the Trustees.
Restricted funds can be used only for particular restricted purposes within the objects of the Foundation.
Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Investments
Investments are stated in the financial statements at fair value.
Tangible fixed assets
Computer equipment is written off in full in the year of acquisition.
Page 6
**----- End of picture text -----**
MIDDLESEX SPORTS FOUNDATION ## . NOTES TO THE FINANCIAL STATEMENTS- continued * FOR THE YEAR ENDED 30TH JUNE 2025 ## 3. INVESTMENT INCOME ## Investment income Deposit account interest ## 4. RAISING FUNDS Investment management costs Portfolio management **----- Start of picture text -----**
||| |---|---| |2025|2024| |£|£| |61,394|$5,374| |4,210|2,122| |65,604|57,496| |2025|2024| |£|£| |6,973|5,516| **----- End of picture text -----**
~¥ GRANTS PAYABLE Grants made to organisations **----- Start of picture text -----**
||| |---|---| |2025|2024| |£|£| |52,900|49,500| **----- End of picture text -----**
Page 7 ## MIDDLESEX SPORTS FOUNDATION ## - ' NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 30TH JUNE 2025 aeeeeSSSSSSSSSSSSSSSSSSSeeeeeeeeeSeSeSeeEeee 5. GRANTS PAYABLE- continued |GRANTS PAYABLE-- continued||| |---|---|---| |The total grantspaidto institutionsduringtheyearwasas follows:||| ||2025|2024| |Access
Sport
AHOY
centre
Belvoir
CricketandCountrysideTrust
Boccia
England
Braille
ChessAssociation
British
AmbulantDisabledSports & Arts
British DisabledAnglingAssociation
ChildrenTodayCharitable Trust
ClaptonBoysClub
Disabled Sailors Association
Dolphin SpecialNeedsSwimmingClub
DownSyndromeCheshire
Essex Boys&GirlsClub
Fishing4 Schools
GB WheelchairRugby
London WheelchairRugbyClub
Metro Sport & Social Club forVision Impaired People
MiddlesexCountyRFU
Ospreys WheelchairRugby
Purple Warriors
Sandwell Asian DevelopmentAssociation
Solent Sharks WheelchairRugbyClub
StreetLeague
Stubbers AdventureCentre
Supportability
Tall ShipsYouth Trust
The HunsletClub
TheMarine Society& SeaCadets
The Uphill SkiClubofGreatBritian
TreloarTrust
WheelyboatTrust|£
7,500
1,000
-
-
-
1,300
-
-
1,000
1,000
-
-
1,000
-
15,000
1,500
-
5,000
1,500
-
1,000
1,000
7,500
-
-
1,000
1,000
1,500
2,100
2,000
-|£
-
-
1,000
1,500
1,000
-
1,500
1,000
-
-
1,000
1,000
-
1,500
15,000
-
1,000
5,000
-
1,000
-
-
15,000
1,000
1,000
-
-
-
-
-
1,000| ||52,900|49,500| 6. TRUSTEES' REMUNERATION AND BENEFITS There were no trustees' remuneration or other benefits for the year ended 30th June 2025 nor for the year ended 30th June 2024. **----- Start of picture text -----**
Eee
**----- End of picture text -----**
Page 8 **----- Start of picture text -----**
MIDDLESEX SPORTS FOUNDATION
. NOTES TO THE FINANCIAL STATEMENTS- continued
~ FOR THE YEAR ENDED 30TH JUNE 2025
6. TRUSTEES' REMUNERATION AND BENEFITS- continued
Trustees' expenses
There were no trustees’ expenses paid for the year ended 30th June 2025.
Ts STAFF COSTS
The total staff costs and employee benefits for the year was £nil.
The charity does not employ any staff but the average number of trustees during the year was 9 (2024 - 7).
8. FIXED ASSET INVESTMENTS
Listed
investments
£
MARKET VALUE
At Ist July 2024 1,790,705
Additions 218,814
Disposals (177,826)
Revaluations 23,641
At 30th June 2025 1,855,334
NET BOOK VALUE
At 30th June 2025 1,855,334
At 30th June 2024 1,790,705
There were no investment assets outside the UK.
| Cost or valuation at 30th June 2025 is represented by:
Listed
investments
£
Valuation in 2025 602,848
Cost 1,252,486
1,855,334
Page 9
**----- End of picture text -----**
**----- Start of picture text -----**
MIDDLESEX SPORTS FOUNDATION
._ NOTES TO THE FINANCIAL STATEMENTS- continued
* FOR THE YEAR ENDED 30TH JUNE 2025
9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£ £
Other debtors 1,000 653
Stockbroker account 2,965 57,685
3,965 58,338
10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£ 3
Accrued expenses 4,258 4,132
it. MOVEMENT IN FUNDS
Net
movement
At 1.7.24 in funds At 30.6.25
£ £ £
Unrestricted funds
General fund 1,919,008 20,607 1,939,615
TOTAL FUNDS 1,919,008 20,607 1,939,615
Net movement in funds, included in the above are as follows:
| Incoming Resources Gains and Movement
resources expended losses in funds
£ £ £ £
Unrestricted funds
| General fund 65,604 (68,638) 23,641 20,607
TOTAL FUNDS 65,604 (68,638) 23,641 20,607
Comparatives for movement in funds
Net
movement
At 1.7.23 in funds At 30.6.24
£ £ £
Unrestricted funds
General fund 1,804,322 114,686 1,919,008
TOTAL FUNDS 1,804,322 114,686 1,919,008
Page 10
**----- End of picture text -----**
**----- Start of picture text -----**
_ MIDDLESEX SPORTS FOUNDATION
. NOTES TO THE FINANCIAL STATEMENTS- continued
~ FOR THE YEAR ENDED 30TH JUNE 2025
11. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
Incoming Resources Gains and Movement
resources expended losses in funds
£ £ £ £
Unrestricted funds
General fund 57,496 (63,077) 120,267 114,686
TOTAL FUNDS 57,496 (63,077) 120,267 114,686
A current year 12 months and prior year 12 months combined position is as follows:
Net
movement
At 1.7.23 in funds At 30.6.25
£ £ £
Unrestricted funds
General fund 1,804,322 135,293 1,939,615
TOTAL FUNDS 1,804,322 135,293 1,939,615
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are
as follows:
Incoming Resources Gains and Movement
resources expended losses in funds
£ £ £ £
| Unrestricted funds
General fund 123,100 (131,715) 143,908 135,293
| TOTAL FUNDS 123,100 (131,715) 143,908 135,293
12. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30th June 2025.
Page 11
**----- End of picture text -----**
**----- Start of picture text -----**
MIDDLESEX SPORTS FOUNDATION
**----- End of picture text -----**
| | **----- Start of picture text -----**
. DETAILED STATEMENT OF FINANCIAL ACTIVITIES
~ FOR THE YEAR ENDED 30TH JUNE 2025
2025 2024
£ £
INCOME AND ENDOWMENTS
Investment income
Investment income 61,394 55,374
Deposit account interest 4,210 2,122
65,604 57,496
Total incoming resources 65,604 57,496
EXPENDITURE
Investment management costs
Portfolio management 6,973 5,516
Charitable activities
Grants to institutions and individuals 52,900 49,500
Support costs
Governance costs
Volunteer expenses 6,107 5,529
Accountancy and legal fees 2,658 2,532
8,765 8,061
Total resources expended 68,638 63,077
Net expenditure before gains and losses (3,034) (5,581)
Realised recognised gains and losses
Realised gains/(losses) on fixed assets
investments (738) 22,600
Net (expenditure)/income (3,772) 17,019
This page does not form part of the statutory financial statements
**----- End of picture text -----**
**----- Start of picture text -----**
Page 12
**----- End of picture text -----**