REGISTERED CHARITY NUMBER: 1164229
Report of the Trustees and
Unaudited Financial Statements
for the Year Ended 31 March 2023
for
THE CONCUSSION FOUNDATION
Sandison Lang Limited
2 St Marys Road
Tonbridge
Kent
TN9 2LB
THE CONCUSSION FOUNDATION
Contents of the Financial Statements
for the Year Ended 31 March 2023
|
Page |
Report of the Trustees |
1 to 2 |
Statement of Financial Activities |
3 |
Balance Sheet |
4 |
Notes to the Financial Statements |
5 to 10 |
Detailed Statement of Financial Activities |
11 |
THE CONCUSSION FOUNDATION
Report of the Trustees
for the Year Ended 31 March 2023
Thetrusteespresenttheirreportwiththefinancialstatementsofthecharityfortheyear ended
31March2023.ThetrusteeshaveadoptedtheprovisionsofAccountingandReportingby Charities:
StatementofRecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordance with
the FinancialReportingStandardapplicablein the UK and Republicof Ireland(FRS 102)(effective1 January
2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
ThecharityworksinconjunctionwithitsdeliverypartnerTheInternationalConcussionandHead Injury
Research Foundation Limited ("ICHIRF") to pursue its charitable objectives.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
TheTrusteesoftheConcussionFoundationarecommittedtosupporttheresearchundertakenby ICHIRF,
regardless of what sport this involves, It is clear that more research is needed across the board on this topic
FINANCIAL REVIEW
Financial position
NotwithstandingtheReservesPolicy,therehascontinuedtobeanegativeimpactonfundraisingdue to
thepandemichowevertheBoardremainsdiligentinsourcingnewfundingstreams.Unrestricted funding
fortheyearhascomefromanindependentdonorandJustGivingdonations.Totheyearahead the
trusteesarehopefultosourcefundingfromSportingbodies.Somedonationsandfundsarerestricted to
support research in specific sports and this is monitored carefully by the Trustees.
Reserves policy
Thecharityintendstoutilisesurplusfundstocontinue,inconjunctionwithICHIRF,theresearch activities
referredtoabove.ThecharityismindfulthatduetotheCOVIDpandemic,fundraisingandincome has
stalled.However,thepolicyremainstoretainadequatereservestocoveranyexpenditureover income,
until the times improve.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
Thecharityiscontrolledbyitsgoverningdocument,aconstitution(whichisbasedonthe "Foundation"
model constitution) and constitutes a charitable incorporated organisation (CIO).
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
1164229
Principal address
ISEH
170 Tottenham Court Road
London
W1T 7HA
Page 1
THE CONCUSSION FOUNDATION
Report of the Trustees
for the Year Ended 31 March 2023
Trustees
A C D Lang
Dr A Mackinnon
Mrs K H O'Neill
M Hassan
D J Coupland
P A Bester
Dr P A McGoldrick
V A L Goodhew
Approved by order of the board of trustees on 17 October 2023 and signed on its behalf by:
P A Bester - Trustee
Page 2
THE CONCUSSION FOUNDATION
Statement of Financial Activities
for the Year Ended 31 March 2023
Unrestricted
Restricted
fund
fund
Notes
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
46,786
4,425
EXPENDITURE ON
Charitable activities
Grants
84,198
10,000
Other
1,743
-
Total
85,941
10,000
NET INCOME/(EXPENDITURE)
(39,155)
(5,575)
RECONCILIATION OF FUNDS
Total funds brought forward
43,728
30,000
TOTAL FUNDS CARRIED FORWARD
4,573
24,425 |
2023
Total
funds
£
51,211
94,198
1,743
95,941
(44,730)
73,728
28,998 |
2022
Total
funds
£
90,444 |
|
|
50,000
1,854 |
|
|
51,854 |
|
|
38,590
35,138 |
|
|
73,728 |
The notes form part of these financial statements
Page 3
THE CONCUSSION FOUNDATION
Balance Sheet
31 March 2023
Unrestricted
Restricted
fund
fund
Notes
£
£
CURRENT ASSETS
Cash at bank
5,823
24,425
CREDITORS
Amounts falling due within one year
4
(1,250)
-
NET CURRENT ASSETS
4,573
24,425
TOTAL ASSETS LESS CURRENT LIABILITIES
4,573
24,425
NET ASSETS
4,573
24,425
FUNDS
5
Unrestricted funds
Restricted funds
TOTAL FUNDS |
2023
Total
funds
£
30,248
(1,250)
28,998
28,998
28,998
4,573
24,425
28,998 |
2022
Total
funds
£
74,723
(995)
73,728
73,728
73,728
43,728
30,000
73,728 |
|
|
|
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissue on
17 October 2023 and were signed on its behalf by:
P A Bester - Trustee
The notes form part of these financial statements
Page 4
THE CONCUSSION FOUNDATION
Notes to the Financial Statements
for the Year Ended 31 March 2023
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
Thefinancialstatementsofthecharity,whichisapublicbenefitentityunderFRS102,have been
preparedinaccordancewiththeCharitiesSORP(FRS102)'AccountingandReportingby Charities:
StatementofRecommendedPracticeapplicabletocharitiespreparingtheiraccountsin accordance
withtheFinancialReportingStandardapplicableintheUKandRepublicofIreland(FRS 102)
(effective1January2019)',FinancialReportingStandard102'TheFinancialReporting Standard
applicableintheUKandRepublicofIreland'andtheCharitiesAct2011.Thefinancial statements
have been prepared under the historical cost convention.
Income
Allincomeis recognisedin theStatementofFinancialActivitiesoncethecharityhasentitlement to
the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructive obligation
committingthe charityto that expenditure,it is probablethat a transferof economicbenefitswill be
requiredinsettlementandtheamountoftheobligationcanbemeasuredreliably.Expenditure is
accountedforonanaccrualsbasisandhasbeenclassifiedunderheadingsthataggregateall cost
relatedtothecategory.Wherecostscannotbedirectlyattributedtoparticularheadingsthey have
been allocated to activities on a basis consistent with the use of resources.
Grantsofferedsubjecttoconditionswhichhavenotbeenmetattheyearenddatearenotedas a
commitment but not accrued as expenditure.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestrictedfundscanbe usedin accordancewiththecharitableobjectivesat thediscretionof the
trustees.
Restrictedfunds can only be used for particularrestrictedpurposeswithin the objectsof the charity.
Restrictionsarisewhenspecifiedbythedonororwhenfundsareraisedforparticular restricted
purposes.
Furtherexplanationofthenatureandpurposeofeachfundis includedin thenotestothe financial
statements.
continued...
Page 5
THE CONCUSSION FOUNDATION
Notes to the Financial Statements - continued
for the Year Ended 31 March 2023
2. TRUSTEES' REMUNERATION AND BENEFITS
Therewerenotrustees'remunerationorotherbenefitsfortheyearended31March2023nor for
the year ended 31 March 2022.
Trustees' expenses
Trusteeexpensesof £306werepaid to KateO'Neillin the yearfor travelto attenda meeting. There
were no Trustee expenses paid in 2022.
3.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
Restricted
fund
fund
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
60,444
30,000
EXPENDITURE ON
Charitable activities
Grants
50,000
-
Other
1,854
-
Total
51,854
-
NET INCOME
8,590
30,000
RECONCILIATION OF FUNDS
Total funds brought forward
35,138
-
TOTAL FUNDS CARRIED FORWARD
43,728
30,000 |
Total
funds
£
90,444 |
|
50,000
1,854 |
|
51,854 |
|
38,590
35,138 |
|
73,728 |
continued...
Page 6
THE CONCUSSION FOUNDATION
Notes to the Financial Statements - continued
for the Year Ended 31 March 2023
4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
4. |
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
|
|
|
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
Other creditors |
|
1,250 |
995 |
5. |
MOVEMENT IN FUNDS |
|
|
|
|
|
|
Net |
|
|
|
|
movement |
At |
|
|
At 1/4/22 |
in funds |
31/3/23 |
|
|
£ |
£ |
£ |
|
Unrestricted funds |
|
|
|
|
General fund |
43,728 |
(39,155) |
4,573 |
|
Restricted funds |
|
|
|
|
Restricted |
30,000 |
(5,575) |
24,425 |
|
TOTAL FUNDS |
73,728 |
(44,730) |
28,998 |
|
Net movement in funds, included in the above are as follows: |
|
|
|
|
|
Incoming |
Resources |
Movement |
|
|
resources |
expended |
in funds |
|
|
£ |
£ |
£ |
|
Unrestricted funds |
|
|
|
|
General fund |
46,786 |
(85,941) |
(39,155) |
|
Restricted funds |
|
|
|
|
Restricted |
4,425 |
(10,000) |
(5,575) |
|
TOTAL FUNDS |
51,211 |
(95,941) |
(44,730) |
continued...
Page 7
THE CONCUSSION FOUNDATION
Notes to the Financial Statements - continued
for the Year Ended 31 March 2023
5. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
|
|
Net |
|
|
|
movement |
At |
|
At 1/4/21 |
in funds |
31/3/22 |
|
£ |
£ |
£ |
Unrestricted funds |
|
|
|
General fund |
35,138 |
8,590 |
43,728 |
Restricted funds |
|
|
|
Restricted |
- |
30,000 |
30,000 |
TOTAL FUNDS |
35,138 |
38,590 |
73,728 |
Comparative net movement in funds, included in the above are as follows: |
|
|
|
|
Incoming |
Resources |
Movement |
|
resources |
expended |
in funds |
|
£ |
£ |
£ |
Unrestricted funds |
|
|
|
General fund |
60,444 |
(51,854) |
8,590 |
Restricted funds |
|
|
|
Restricted |
30,000 |
- |
30,000 |
TOTAL FUNDS |
90,444 |
(51,854) |
38,590 |
continued...
Page 8
THE CONCUSSION FOUNDATION
Notes to the Financial Statements - continued
for the Year Ended 31 March 2023
5. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
|
|
|
|
Net |
|
|
|
|
|
movement |
At |
|
At 1/4/21 |
|
|
in funds |
31/3/23 |
|
|
£ |
|
£ |
£ |
Unrestricted funds |
|
|
|
|
|
General fund |
35,138 |
|
|
(30,565) |
4,573 |
Restricted funds |
|
|
|
|
|
Restricted |
|
|
- |
24,425 |
24,425 |
TOTAL FUNDS |
35,138 |
|
|
(6,140) |
28,998 |
Acurrentyear12monthsandprioryear12monthscombinednetmovementinfunds,included in
the above are as follows:
|
Incoming |
Resources |
Movement |
|
resources |
expended |
in funds |
|
£ |
£ |
£ |
Unrestricted funds |
|
|
|
General fund |
107,230 |
(137,795) |
(30,565) |
Restricted funds |
|
|
|
Restricted |
34,425 |
(10,000) |
24,425 |
TOTAL FUNDS |
141,655 |
(147,795) |
(6,140) |
continued...
Page 9
THE CONCUSSION FOUNDATION
Notes to the Financial Statements - continued
for the Year Ended 31 March 2023
6. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2023.
Page 10
THE CONCUSSION FOUNDATION
Detailed Statement of Financial Activities for the Year Ended 31 March 2023
INCOME AND ENDOWMENTS
Donations and legacies
Donations
Total incoming resources
EXPENDITURE
Charitable activities
Grants to institutions
Other
Trustees' expenses
Computing
Support costs
Governance costs
Accountancy and legal fees
Total resources expended
Net (expenditure)/income |
2023
£
51,211
51,211
94,198
306
-
306
1,437
95,941
(44,730) |
2022
£
90,444 |
|
|
90,444
50,000
-
695 |
|
|
695
1,159 |
|
|
51,854 |
|
|
38,590 |
This page does not form part of the statutory financial statements
Page 11