``` 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 ```