REGISTERED CHARITY NUMBER: 1164229
Report of the Trustees and
Unaudited Financial Statements
for the Year Ended 31 March 2025
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 2025
|
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 2025
Thetrusteespresenttheirreportwiththefinancialstatementsofthecharityfortheyear ended
31March2025.ThetrusteeshaveadoptedtheprovisionsofAccountingandReportingby Charities:
StatementofRecommendedPracticeapplicabletocharitiespreparingtheiraccountsin accordancewith the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 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
Reserves policy
Thecharityintendstoutilisesurplusfundstocontinue,inconjunctionwithICHIRF,theresearch activities
referredtoabove.ThecharityismindfulthatduetotheCOVIDpandemic,fundraisingandincome has
stalled.However,the policyremainsto retainadequatereservesto coverany expenditureover income, until
the times improve.
FUTURE PLANS
TheTrusteesof theConcussionFoundationarecommittedtosupportingtheresearchundertakenby ICHIRF,
regardless of what sport this involves.
Withongoingsupportfromthe RacingFoundation,the ConcussionFoundationwill be ableto support ICHIRF
throughout2025and2026.Duringthisperiod,ICHIRFwillbeundertakinganumberofresearchprojects to
review the data accumulated over the last 10 years (2015-2025). This will include:
1.AnupdatedanalysisofthestoredbloodsamplesbyProfessorHenrikZetterbergatUniversity College
London (UCL),
2.Areviewofthevolunteerswhohavebeenscreenedtwiceduringthe10-yearperiodbyDr Bonnie-Kate
Dewar and Dr James Murray (with a gap of approximated 6 years between screening sessions) and
3.TheappointmentofapostdoctoralresearcheratUCLtoreviewalltheaccumulatedneuro-imaging (MRI)
data.Thispostwillbefor12months,startinginSeptember2025,andwillbesupervisedbyProfessor Mike
Loosemore MBE at UCL.
InNotwithstandingtheaboveReservesPolicy,therehasbeenanegativeimpactonfundraisingdueto the
pandemic.RefundsfromtheplannedfundraisingplanshavenowbeenreceivedandtheBoard remains
diligent in sourcing new funding streams.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charityis controlledby its governingdocument,a constitution(which is based on the "Foundation" model
constitution) and constitutes a charitable incorporated organisation (CIO).
Page 1
THE CONCUSSION FOUNDATION
Report of the Trustees
for the Year Ended 31 March 2025
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 23 June 2025 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 2025
Unrestricted
Restricted
fund
fund
Notes
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
31,146
20,000
EXPENDITURE ON
Charitable activities
Grants
30,000
110,500
Other
769
1,217
Total
30,769
111,717
NET INCOME/(EXPENDITURE)
377
(91,717)
RECONCILIATION OF FUNDS
Total funds brought forward
202
111,319
TOTAL FUNDS CARRIED FORWARD
579
19,602 |
2025
Total
funds
£
51,146
140,500
1,986
142,486
(91,340)
111,521
20,181 |
2024
Total
funds
£
200,099 |
|
|
111,246
6,330 |
|
|
117,576 |
|
|
82,523
28,998 |
|
|
111,521 |
The notes form part of these financial statements
Page 3
THE CONCUSSION FOUNDATION
Balance Sheet
31 March 2025
Unrestricted
Restricted
fund
fund
Notes
£
£
CURRENT ASSETS
Cash at bank
1,498
20,093
CREDITORS
Amounts falling due within one year
4
(919)
(491)
NET CURRENT ASSETS
579
19,602
TOTAL ASSETS LESS CURRENT LIABILITIES
579
19,602
NET ASSETS
579
19,602
FUNDS
5
Unrestricted funds
Restricted funds
TOTAL FUNDS |
2025
Total
funds
£
21,591
(1,410)
20,181
20,181
20,181
579
19,602
20,181 |
2024
Total
funds
£
112,846
(1,325)
111,521
111,521
111,521
202
111,319
111,521 |
|
|
|
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissueon23June 2025
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 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
Thefinancialstatementsofthecharity,whichisapublicbenefitentityunderFRS102,have been
preparedinaccordancewiththeCharitiesSORP(FRS102)'AccountingandReportingby Charities:
StatementofRecommendedPracticeapplicabletocharitiespreparingtheiraccountsin accordance
withthe FinancialReportingStandardapplicablein the UK and Republicof Ireland(FRS102) (effective
1 January2019)',FinancialReportingStandard102'TheFinancialReportingStandardapplicablein the
UKandRepublicofIreland'andtheCharitiesAct2011.Thefinancialstatementshavebeen prepared
under the historical cost convention.
Income
All incomeis recognisedin the Statementof FinancialActivitiesonce the charityhas entitlementto the
funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructive obligation
committingthecharitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswill 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
Unrestrictedfundscanbeusedinaccordancewiththecharitableobjectivesatthediscretionof the
trustees.
Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthe charity.
Restrictionsarisewhenspecifiedbythedonororwhenfundsareraisedforparticular restricted
purposes.
Furtherexplanationofthenatureandpurposeofeachfundisincludedinthenotestothe financial
statements.
continued...
Page 5
THE CONCUSSION FOUNDATION
Notes to the Financial Statements - continued
for the Year Ended 31 March 2025
2. TRUSTEES' REMUNERATION AND BENEFITS
Therewere no trustees'remunerationor otherbenefitsfor the yearended 31 March2025nor for the
year ended 31 March 2024.
Trustees' expenses
There were no Trustee expenses paid in the year. No Trustee expenses were paid in 2024.
3.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
Restricted
fund
fund
£
£
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 |
Total
funds
£
200,099 |
|
111,246
6,330 |
|
117,576 |
|
82,523
28,998 |
|
111,521 |
continued...
Page 6
THE CONCUSSION FOUNDATION
Notes to the Financial Statements - continued
for the Year Ended 31 March 2025
4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
4. |
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
|
|
|
|
|
|
2025 |
2024 |
|
|
|
£ |
£ |
|
Other creditors |
|
1,410 |
1,325 |
5. |
MOVEMENT IN FUNDS |
|
|
|
|
|
|
Net |
|
|
|
|
movement |
|
|
|
At 1/4/24 |
in funds |
At 31/3/25 |
|
|
£ |
£ |
£ |
|
Unrestricted funds |
|
|
|
|
General fund |
202 |
377 |
579 |
|
Restricted funds |
|
|
|
|
Restricted |
111,319 |
(91,717) |
19,602 |
|
TOTAL FUNDS |
111,521 |
(91,340) |
20,181 |
|
Net movement in funds, included in the above are as follows: |
|
|
|
|
|
Incoming |
Resources |
Movement |
|
|
resources |
expended |
in funds |
|
|
£ |
£ |
£ |
|
Unrestricted funds |
|
|
|
|
General fund |
31,146 |
(30,769) |
377 |
|
Restricted funds |
|
|
|
|
Restricted |
20,000 |
(111,717) |
(91,717) |
|
TOTAL FUNDS |
51,146 |
(142,486) |
(91,340) |
continued...
Page 7
THE CONCUSSION FOUNDATION
Notes to the Financial Statements - continued
for the Year Ended 31 March 2025
5. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
|
|
Net |
|
|
|
movement |
|
|
At 1/4/23 |
in funds |
At 31/3/24 |
|
£ |
£ |
£ |
Unrestricted funds |
|
|
|
General fund |
4,573 |
(4,371) |
202 |
Restricted funds |
|
|
|
Restricted |
24,425 |
86,894 |
111,319 |
TOTAL FUNDS |
28,998 |
82,523 |
111,521 |
Comparative net movement in funds, included in the above are as follows:
r
Unrestricted funds
General fund
Restricted funds
Restricted
TOTAL FUNDS |
Incoming
Resources
Movement
esources
expended
in funds
£
£
£
20,099
(24,470)
(4,371)
180,000
(93,106)
86,894
200,099
(117,576)
82,523 |
|
|
continued...
Page 8
THE CONCUSSION FOUNDATION
Notes to the Financial Statements - continued
for the Year Ended 31 March 2025
5. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
|
|
Net |
|
|
|
movement |
|
|
At 1/4/23 |
in funds |
At 31/3/25 |
|
£ |
£ |
£ |
Unrestricted funds |
|
|
|
General fund |
4,573 |
(3,994) |
579 |
Restricted funds |
|
|
|
Restricted |
24,425 |
(4,823) |
19,602 |
TOTAL FUNDS |
28,998 |
(8,817) |
20,181 |
A currentyear12 monthsand prioryear12 monthscombinednet movementin funds,includedin the
above are as follows:
r
Unrestricted funds
General fund
Restricted funds
Restricted
TOTAL FUNDS |
Incoming
Resources
Movement
esources
expended
in funds
£
£
£
51,245
(55,239)
(3,994)
200,000
(204,823)
(4,823)
251,245
(260,062)
(8,817) |
|
|
continued...
Page 9
THE CONCUSSION FOUNDATION
Notes to the Financial Statements - continued
for the Year Ended 31 March 2025
6. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2025.
Page 10
THE CONCUSSION FOUNDATION
Detailed Statement of Financial Activities for the Year Ended 31 March 2025
INCOME AND ENDOWMENTS
Donations and legacies
Donations
Total incoming resources
EXPENDITURE
Charitable activities
Grants to institutions
Other
Honorarium fee
Computing
Support costs
Management
Sundries
Governance costs
Accountancy and legal fees
Total resources expended
Net (expenditure)/income |
2025
£
51,146
51,146
140,500
-
569
569
-
1,417
142,486
(91,340) |
2024
£
200,099 |
|
|
200,099
110,744
5,000
- |
|
|
5,000
502
1,330 |
|
|
117,576 |
|
|
82,523 |
This page does not form part of the statutory financial statements
Page 11