TRUSTEE ANNUAL REPORT AND ACCOUNTS
FOR THE YEAR ENDING 31 OCTOBER 2024
Administra�ve Details
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Charity Name: The Paul Canoville Founda�on Charity Registra�on Number: 1164120 Company Registra�on Number: 09583108 Registered Office Address: C/O 96 Bridge Street, Peterborough, England, PE1 1EH Trustees: Ma� Uberoi (Chair), June Canoville (Vice Chair), Alexia Russell, Monica Shafaq, Tracey Brown
Objects & Governing Statements
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The charitable company was incorporated on 9 May 2015. It is governed by its Memorandum and Ar�cles of Associa�on. Our work draws on the experiences of our founder, Paul Canoville, the first black footballer to play for Chelsea Football Club, in overcoming racism and adversity. Our objects are to support children and young people develop resilience through sport and other educa�onal programmes. Our vision is to become an authority for promo�ng diversity, inclusion and belonging in schools and organisa�ons across the UK.
Ac�vity Summary
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and delivery as a result of raising a record high annual income of £109,473 during the period (2023: £23,487).
Highlights include launching our na�onal Educa�on Partnership programme, star�ng with secondary school across the Midlands. Paul Canoville was joined by athletes and crea�ve partners as he delivered talks on the importance of allyship, belonging, and community. This ini�a�ve was expanded across the country, in addi�on to our groundbreaking partnership with Westminster City Council and Kensington & Chelsea Council who engaged us to inspire children from local schools about resilience and overcoming adversity. We were delighted to be one of the lead delivery partners in the 2024 ‘Hope Hack’ held at Stamford Bridge, working alongside Hope Collec�ve, Rio Ferdinand Founda�on, and Music Against Racism to dismantle racism and promote unity through sport with young people from across London. The end of year was marked by celebra�on as we hosted our fi�h annual ‘Black & Blue Legends’ event - commemora�ng Chelsea Football Club’s rich diversity since Paul Canoville’s debut in 1982, his charity, and marking Black History Month.
The 12-month period was characterised by partnerships, not least with the Chelsea Founda�on who deliver one of sport’s most comprehensive community programmes on behalf of Chelsea Football Club. We were delighted that the Chelsea Founda�on announced a three-year funding partnership with the Paul Canoville Founda�on during the year. Delivery will commence in the 2024/2025 period, and will focus on educa�onal support, skill development and include empowerment to ensure young people receive equitable access to quality educa�on and diverse perspec�ves. We thank Chelsea Founda�on for this vital core funding.
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Structure & Management ____
The administra�on and strategic leadership of the charity are the responsibility of the Board of Trustees, who delegate day-to-day opera�onal management of the charity to the CEO, Raphael Frascogna, in accordance with our Ar�cles of Associa�on. The Board of Trustees meets regularly, or as directed by the Chair, supplemented by regular mee�ngs and 1:1s with the CEO and/or Chair, and wider volunteer base. An Annual General Mee�ng was held on Thursday 18 July 2024.
We are grateful to have a commi�ed and skilled Board of Trustees, represen�ng the diverse communi�es we serve, and we aim to con�nue to expand our Board of Trustees strategically as we grow. The charity operates a properly considered process of succession planning for Trustees: all are inducted in accordance with guidance in the Charity Commission publica�on 'The Essen�al Trustee' and are aware of responsibili�es and expecta�ons, as outlined in our Governance Policy (which was updated in March 2024).
The charity founder, Paul Canoville, remains fully commi�ed and provides services on a freelance basis. This has proved an effec�ve way to manage the charity as it has scaled and grown, providing a flexible resource. While the current arrangements work well, we review them on a regular basis.
Public Beneft
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requirements for ‘smaller chari�es’ as defined under Statement of Recommended Prac�ce in accordance with Financial Repor�ng Standards (SoRP FRS102). The Board of Trustees have met this requirement by including a summary in this annual report se�ng out the main ac�vi�es undertaken by the charity in carrying out its charitable purposes for public benefit; and confirm they have complied with their duty to have due regard to the commission’s public benefit guidance when exercising powers/du�es to which the guidance is relevant.
Risk Assessment
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The Board of Trustees has adopted a con�nuous process of risk assessment and management of the charity, which it believes is at the correct level for a small and developing organisa�on. A risk register is maintained and, where appropriate, robust systems or procedures, including financial, have been established to manage the risk the charity faces at any one �me. The Board of Trustees is sa�sfied that, given we are a small charity with limited resources, our systems, policies, and procedures are sufficiently robust. Risk evalua�on is always considered for any financial transac�on/policy/procedure. We con�nue to review ma�ers of governance, strategy, employment, and risk and will seek guidance from professionals should the need arise.
Financial Review
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The charity received an annual income of £109,142 (2023: £23,487). Our expenditure was £80,229 (2023: £43,691). The Board of Trustees therefore reports a surplus of £28,913 which is carried forward. We are sa�sfied with financial performance and are level of current reserves. The charity has no debt, and no funds are held as a custodian trustee. Further details can be found in the a�ached Full Accounts for the period.
Ma� Uberoi Chair of Trustees The Paul Canoville Founda�on
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Registered Number: 09583108
THE PAUL CANOVILLE FOUNDATION
Report of the Directors and Unaudited Financial Statements
Period of accounts
Start date: 31 October 2023
End date: 30 October 2024
THE PAUL CANOVILLE FOUNDATION Contents Page For the year ended 30 October 2024
| Company information | 3 |
|---|---|
| Directors' report | 4 |
| Accountants' report | 6 |
| Income statement | 7 |
| Statement of financial position | 8 |
| Notes to the financial statements | 10 |
| Detailed Income Statement | 12 |
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THE PAUL CANOVILLE FOUNDATION Company Information For the year ended 30 October 2024
Directors June Andrea Patricia CANOVILLE Alexia Christian RUSSELL Monica SHAFAQ Matthew Francis UBEROI Registered Number 09583108 Registered Office C/O 96 BRIDGE STREET PETERBOROUGH ENGLAND Accountants Vijay Odedra II Auborn Gardens Peterborough PE3 9QG
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THE PAUL CANOVILLE FOUNDATION Directors' Report For the year ended 30 October 2024
Director's report and financial statements
The directors present his/her/their annual report and the financial statements for the year ended 30 October 2024.
Directors
The directors who served the company throughout the year were as follows: June Andrea Patricia CANOVILLE
Alexia Christian RUSSELL
Monica SHAFAQ
Matthew Francis UBEROI
Statement of directors' responsibilities
The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the directors are required to :
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select suitable accounting policies and then apply them consistently
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make judgements and accounting estimates that are reasonable and prudent
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state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions
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THE PAUL CANOVILLE FOUNDATION Directors' Report For the year ended 30 October 2024
This report was approved by the board and signed on its behalf by:
Matthew Francis UBEROI Director
Date approved: 01 September 2025
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THE PAUL CANOVILLE FOUNDATION Accountants' Report For the year ended 30 October 2024
Report to the directors on the preparation of the unaudited statutory accounts of THE PAUL CANOVILLE FOUNDATION for the year ended 30 October 2024.
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of THE PAUL CANOVILLE FOUNDATION for the year ended 30 October 2024 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com/.
This report is made solely to the Board of Directors of THE PAUL CANOVILLE FOUNDATION, as a body, in accordance with the terms of our engagement letter dated 01 September 2025. Our work has been undertaken solely to prepare for your approval the accounts of THE PAUL CANOVILLE FOUNDATION and state those matters that we have agreed to state to the Board of Directors of THE PAUL CANOVILLE FOUNDATION, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than THE PAUL CANOVILLE FOUNDATION and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that THE PAUL CANOVILLE FOUNDATION has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of THE PAUL CANOVILLE FOUNDATION. You consider that THE PAUL CANOVILLE FOUNDATION is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the accounts of THE PAUL CANOVILLE FOUNDATION. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts 30 October 2024.
Vijay Odedra II Auborn Gardens Peterborough PE3 9QG 01 September 2025
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THE PAUL CANOVILLE FOUNDATION Income Statement For the year ended 30 October 2024
| Notes Turnover Cost of sales Gross profit Administrative expenses Operating profit Profit/(Loss) on ordinary activities before taxation Tax on profit on ordinary activities Profit/(Loss) for the financial year |
2024 £ 109,143 (36,046) |
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| 73,097 (44,183) |
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| 28,914 | |
| 28,914 0 |
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| 28,914 |
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THE PAUL CANOVILLE FOUNDATION Statement of Financial Position As at 30 October 2024
| Notes Current assets Debtors 3 Cash at bank and in hand Creditors: amount falling due within one year 4 Net current assets Total assets less current liabilities Net assets Capital and reserves Profit and loss account 5 Shareholders' funds |
2024 £ 3,773 26,613 |
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| 30,386 1 |
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| 30,387 | |
| 30,387 | |
| 30,387 | |
| 30,387 | |
| 30,387 |
For the year ended 30 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
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The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 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 financial statements were approved by the board of directors on 01 September 2025 and were signed on its behalf by:
Matthew Francis UBEROI Director
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THE PAUL CANOVILLE FOUNDATION Statement of Financial Position As at 30 October 2024
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THE PAUL CANOVILLE FOUNDATION Notes to the Financial Statements For the year ended 30 October 2024
General Information
THE PAUL CANOVILLE FOUNDATION is a private company, limited by shares, registered in , registration number 09583108, registration address C/O, 96 BRIDGE STREET PETERBOROUGH, ENGLAND.
The presentation currency is £ sterling.
1. Accounting policies
Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
2. Staff Costs
| Wages and salaries Average number of employees during the year Distribution |
2024 £ 14,522 |
|---|---|
| 14,522 | |
| Number 1 |
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| 1 |
3. Debtors: amounts falling due within one year
| VAT | 2024 £ 3,773 |
|---|---|
| 3,773 |
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THE PAUL CANOVILLE FOUNDATION Notes to the Financial Statements For the year ended 30 October 2024
4. Creditors: amount falling due within one year
| 4. Creditors: amount falling due within one year | |
|---|---|
| Trade Creditors 5. Profit and loss account Balance at 31 October 2023 Profit for the year Balance at 30 October 2024 |
2024 £ (1) |
| (1) | |
| 2024 £ 1,473 28,914 |
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| 30,387 |
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THE PAUL CANOVILLE FOUNDATION Detailed Income Statement For the year ended 30 October 2024
| Turnover Income Cost of sales Resources Expended Gross profit Administrative expenses Wages & Salaries Legal and Professional Fees (Allowable) Management & Consultancy fees Petrol and Oil Motor Repairs and Servicing General Travel Expenses Bank Charges Advertising Entertainment General Insurance Computer Expenses Sundry Expenses Donations Operating profit Profit/(Loss) on ordinary activities before taxation Profit/(Loss) for the financial year |
36,046 | 2024 £ 109,143 |
|---|---|---|
| 109,143 (36,046) |
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| 14,522 3,067 7,500 188 176 4,486 126 10,816 200 332 1,171 (1) 1,600 |
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| 73,097 (44,183) |
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| 28,914 | ||
| 28,914 | ||
| 28,914 |
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Independent examiner's report on the accounts
Section A Independent Examiner’s Report
| Report to the trustees On accounts for the year ended Set out on pages Responsibilities and basis of report |
The Paul Canoville Foundation | The Paul Canoville Foundation | The Paul Canoville Foundation |
|---|---|---|---|
| 31stOct 2024 Charity no (if any) 1164120 |
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| (remember to include the page numbers of additional sheets) | |||
| I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year endedDD / MM / YYYY. As the charity's trustees, 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 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
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Independent [The charity’s gross income exceeded £250,000 and I am qualified to
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examiner's statement undertake the examination by being a qualified member of [insert name of applicable listed body]]. Delete [ ] if not applicable.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination (other than that disclosed below *) which gives me cause to believe that in, any material respect:
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the accounting records were not kept in accordance with section 130 of the Charities Act; or
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the accounts did not accord with the accounting records; or
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the accounts did 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.
- Please delete the words in the brackets if they do not apply.
| Signed: Name: Relevant professional qualification(s) or body (if any): |
V Odedra Date: |
1stt Sep 2025 |
|---|---|---|
| Vijay Odedra | ||
| ACCA (09870902) |
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Oct 2018
IER
Address: 11 Auborn Gardens Peterborough PE3 9QG
Section B Disclosure
Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).
Give here brief details of N/A any items that the examiner wishes to disclose .
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Oct 2018
IER