```
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
```
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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
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## **`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
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```
THE CONCUSSION FOUNDATION
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```
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.
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```
Furtherexplanationofthenatureandpurposeofeachfundis includedin thenotestothe financial
statements.
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```
continued...
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Page 5
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THE CONCUSSION FOUNDATION
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```
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...
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```
Page 6
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```
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...
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```
Page 7
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```
THE CONCUSSION FOUNDATION
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```
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...
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```
Page 8
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```
THE CONCUSSION FOUNDATION
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```
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...
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```
Page 9
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```
THE CONCUSSION FOUNDATION
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```
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
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## **`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
```