REGISTERED CHARITY NUMBER: 1164229
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 March 2024
for
THE CONCUSSION FOUNDATION
Sandison Lang Limited 2 St Marys Road Tonbridge Kent TN9 2LB
THE CONCUSSION FOUNDATION
Report of the Trustees for the Year Ended 31 March 2024
The trustees present their report with the financial statements of the charity for the year ended 31 March 2024. 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 charity works in conjunction with its delivery partner The International Concussion and Head Injury Research Foundation Limited ("ICHIRF") to pursue its charitable objectives.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
The Trustees of the Concussion Foundation are committed to support the research undertaken by 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
Notwithstanding the Reserves Policy, there has continued to be a negative impact on fundraising due to the pandemic however the Board remains diligent in sourcing new funding streams. Unrestricted funding for the year has come from an independent donor and JustGiving donations. To the year ahead the trustees are hopeful to source funding from Sporting bodies. Some donations and funds are restricted to support research in specific sports and this is monitored carefully by the Trustees.
Reserves policy
The charity intends to utilise surplus funds to continue, in conjunction with ICHIRF, the research activities referred to above. The charity is mindful that due to the COVID pandemic, fundraising and income has stalled. However, the policy remains to retain adequate reserves to cover any expenditure over income, until the times improve.
FUTURE PLANS
The Trustees of the Concussion Foundation are committed to supporting the research undertaken by ICHIRF, regardless of what sport this involves.
Following grants from the Racing Foundation and The Players Foundation, repeat screening of the initial cohort of 166 volunteers - at least 5 years after the initial screening has now recommenced. Together with initial screening of new volunteers to bring the cohort up to the projected 250 total. The initial cohort study (lasting 5 years) is now a longitudinal cohort study that will enable ICHIRF to screen volunteers every 5 years for the foreseeable future.
.
It is clear from the DCMS Parliamentary review of concussion and safety in sport https://committees.parliament.uk/committee/378/digital-culture-media-and-sport-committee/news/146543 /dcms-committee-to-consider-links-between-sport-and-longterm-brain-injury/ that more and ongoing research is required across the board on this topic.
The Board remains diligent in sourcing new funding streams.
Page 1
THE CONCUSSION FOUNDATION
Report of the Trustees
for the Year Ended 31 March 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a constitution (which is based on the "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
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 ....19th November 2024. 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 2024
| Unrestricted Restricted fund fund Notes £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 20,099 180,000 EXPENDITURE ON Charitable activities Grants 25,000 86,246 Other (530) 6,860 Total 24,470 93,106 NET INCOME/(EXPENDITURE) (4,371) 86,894 RECONCILIATION OF FUNDS Total funds brought forward 4,573 24,425 TOTAL FUNDS CARRIED FORWARD 202 111,319 |
2024 Total funds £ 200,099 111,246 6,330 117,576 82,523 28,998 111,521 |
2023 Total funds £ 51,211 94,198 1,743 95,941 (44,730) 73,728 28,998 |
|---|---|---|
The notes form part of these financial statements
Page 3
THE CONCUSSION FOUNDATION
Balance Sheet
31 March 2024
| Unrestricted Restricted fund fund Notes £ £ CURRENT ASSETS Cash at bank 997 111,849 CREDITORS Amounts falling due within one year 4 (795) (530) NET CURRENT ASSETS 202 111,319 TOTAL ASSETS LESS CURRENT LIABILITIES 202 111,319 NET ASSETS 202 111,319 FUNDS 5 Unrestricted funds Restricted funds TOTAL FUNDS |
2024 Total funds £ 112,846 (1,325) 111,521 111,521 111,521 202 111,319 111,521 |
2023 Total funds £ 30,248 (1,250) 28,998 28,998 28,998 4,573 24,425 28,998 |
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ..19 November 2024.. and were signed on its behalf by:
----- Start of picture text -----
.............................................
P A Bester - Trustee
----- End of picture text -----
The notes form part of these financial statements
Page 4
THE CONCUSSION FOUNDATION
Notes to the Financial Statements for the Year Ended 31 March 2024
1. 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.
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 charity 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 only be used for particular restricted purposes within the objects of the charity. 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.
continued...
Page 5
THE CONCUSSION FOUNDATION
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
2. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.
Trustees' expenses
There were no Trustee expenses paid in the year. Trustee expenses of £306 were paid in 2023.
3. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted Restricted fund fund £ £ 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 |
Total funds £ 51,211 94,198 1,743 95,941 (44,730) 73,728 28,998 |
|---|---|
continued...
Page 6
THE CONCUSSION FOUNDATION
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
|||
|---|---|---|---|
| Other creditors | 2024 £ 1,325 |
2023 £ 1,250 |
|
| 5. MOVEMENT IN FUNDS At 1/4/23 £ Unrestricted funds General fund 4,573 Restricted funds Restricted 24,425 |
Net movement in funds £ (4,371) 86,894 |
At 31/3/24 £ 202 111,319 |
|
| TOTAL FUNDS 28,998 |
82,523 | 111,521 | |
| Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 20,099 Restricted funds Restricted 180,000 |
Resources expended £ (24,470) (93,106) |
Movement in funds £ (4,371) 86,894 |
|
| TOTAL FUNDS 200,099 |
(117,576) | 82,523 |
continued...
Page 7
THE CONCUSSION FOUNDATION
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
5. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net movement At 1/4/22 in funds £ £ Unrestricted funds General fund 43,728 (39,155) Restricted funds Restricted 30,000 (5,575) |
At 31/3/23 £ 4,573 24,425 |
|---|---|
| TOTAL FUNDS 73,728 (44,730) |
28,998 |
| Comparative net movement in funds, included in the above are as follows: Incoming Resources resources expended £ £ Unrestricted funds General fund 46,786 (85,941) Restricted funds Restricted 4,425 (10,000) |
Movement in funds £ (39,155) (5,575) |
| TOTAL FUNDS 51,211 (95,941) |
(44,730) |
continued...
Page 8
THE CONCUSSION FOUNDATION
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
5. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| At 1/4/22 £ Unrestricted funds General fund 43,728 Restricted funds Restricted 30,000 |
Net movement in funds £ (43,526) 81,319 |
At 31/3/24 £ 202 111,319 |
|---|---|---|
| TOTAL FUNDS 73,728 |
37,793 | 111,521 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Restricted |
Incoming Resources resources expended £ £ 66,885 (110,411) 184,425 (103,106) |
Movement in funds £ (43,526) 81,319 |
|---|---|---|
| TOTAL FUNDS | 251,310 (213,517) |
37,793 |
continued...
Page 9
THE CONCUSSION FOUNDATION
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
6. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2024.
Page 10
THE CONCUSSION FOUNDATION
Detailed Statement of Financial Activities for the Year Ended 31 March 2024
| INCOME AND ENDOWMENTS Donations and legacies Donations Total incoming resources EXPENDITURE Charitable activities Grants to institutions Other Trustees' expenses Honorarium fee Support costs Management Sundries Governance costs Accountancy and legal fees Total resources expended Net income/(expenditure) |
2024 £ 200,099 200,099 110,744 - 5,000 5,000 502 1,330 117,576 82,523 |
2023 £ 51,211 51,211 94,198 306 - 306 - 1,437 95,941 (44,730) |
|---|---|---|
This page does not form part of the statutory financial statements
Page 11
THE CONCUSSION FOUNDATION
Contents of the Financial Statements for the Year Ended 31 March 2024
----- Start of picture text -----
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
----- End of picture text -----