Company registration number: 10236715 Charity registration number: 1172490
PROFESSIONAL SQUASH ASSOCIATION FOUNDATION TRUSTEES' REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
Professional Squash Association Foundation Contents
| Page | |
|---|---|
| Trustees' Report | 1—3 |
| Independent Examiner's Report | 4 |
| Statement of Financial Activities (including Income and Expenditure Account) | 5 |
| Comparative Statement of Financial Activities (including Income and Expenditure Account) | 6 |
| Balance Sheet | 7 |
| Notes to the Financial Statements | 8—12 |
Professional Squash Association Foundation Company No. 10236715 Trustees' Report For The Year Ended 31 December 2024
The trustees present their report and the financial statements for the year ended 31 December 2024.
Objectives and Activities
Aims and Objectives
The PSA Foundation exists to positively impact the squash community by:
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Increasing participation and access to the sport.
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Supporting Squash for Development Organisations (SDOs) working in underserved communities.
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Championing equality, inclusion, and wellbeing within squash.
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Enhancing opportunities for players, coaches, and communities worldwide.
Our activities during the year were aligned with these charitable purposes and aimed at delivering sustainable social impact through squash.
Significant Activities
Women in Coaching Fund
The Women in Coaching Fund continued to drive progress for gender equality in squash by supporting female leadership development.
Key outcomes in 2024 included:
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14 Arab-speaking women obtained coaching qualifications during a fund-supported course at the Black Ball Open in Egypt.
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Egyptian squash legend Omneya Abdelgawy became the first Arab-speaking female tutor and provided mentorship and inspiration.
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Since launching in 2023, the programme has now certified 43 female coaches and 3 female tutors.
Inaugural Squash Summit 2024
In partnership with the World Squash Federation, the Foundation delivered the first-ever Squash Summit during the British Open.
The event convened representatives from federations, clubs, and SDOs worldwide to discuss strategies to increase global visibility and participation in squash and opportunities linked to squash’s inclusion in the LA28 Olympic Games.
Community Activations at PSA Events
To broaden access to squash, the Foundation delivered community engagement activations at PSA tournaments across England.
Over 1,000 children participated in introductory squash sessions, delivered by qualified coaches and targeting inner-city schools and underserved communities.
Women’s Squash Week 2024
Women’s Squash Week focused on the theme “Championing Women’s Voices.”
The campaign generated strong engagement, with over 279,000 video views and 150,000 social media impressions.
Supporting Development Through Grants
With support from the Britford Bridge Trust, the Foundation provided targeted assistance to several SDOs including Squash Dreamers, Khelshala, and Egoli Squash.
Advocacy and Awareness Campaigns
The Foundation continued to champion inclusion, wellbeing, and representation through campaigns during International Women’s Day, Pride Month, and Time to Talk Day.
Mental Health Support for Players
The Foundation delivered 75 fully funded counselling sessions for current and former PSA Tour players.
Rebound Equipment Redistribution Programme
The Rebound programme redistributed 1,738 items in 2024. Since launch, more than 6,000 items have been distributed globally.
Page 1
Professional Squash Association Foundation Trustees' Report (continued) For The Year Ended 31 December 2024
Structure, Governance and Management
Governing Document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
Reference and Administrative Details
Trustees
Mr Simon Goldberg Mr Nick Matthew Mr Ye-Ming Lee Mrs Alicia McConnell Mr Alex Gough Mr Michael Hill Miss Sarah-Jane Perry Mr Brian MacDougall
Company Secretary
Mr Simon Goldberg
Charity Number
1172490
Company Number
10236715
Registered Office
46 The Calls Leeds LS2 7EY
Independent Examiner
Jackie Anderson LLB, ICAEW, CIOT LHA Consulting Limited
Charitable Status
The company obtained charitable status on the 7th April 2017.
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Professional Squash Association Foundation Trustees' Report (continued) For The Year Ended 31 December 2024
Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
The trustees' report was approved by the board of trustees and signed on its behalf by:
Mrs Alicia McConnell
Trustee 12/12/2025
Page 3
Professional Squash Association Foundation Independent Examiner's Report to the Trustees of Professional Squash Association Foundation For The Year Ended 31 December 2024
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2024.
Responsibilities and Basis of Report
As the charity trustees of the Company (and also its directors for the purposes of company law), you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (“the 2006 Act”).
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent Examiner's Statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Jackie Anderson LLB, ICAEW, CIOT 12/12/2025
Page 4
Professional Squash Association Foundation Statement of Financial Activities (including Income and Expenditure Account) For The Year Ended 31 December 2024
| Notes INCOME AND ENDOWMENTS FROM: Donations and legacies 3 Investments 4 EXPENDITURE ON: Raising funds 6 NET INCOME NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS: Total funds brought forward TOTAL FUNDS CARRIED FORWARD 13 |
Unrestricted funds £ 211,824 1 |
Restricted funds £ 10,000 - |
2024 Total funds £ 221,824 1 |
2023 Total funds £ 163,585 2 |
|---|---|---|---|---|
| 211,825 | 10,000 | 221,825 | 163,587 | |
| (201,545) | (9,536) | (211,081) | (161,480) | |
| 10,280 | 464 | 10,744 | 2,107 | |
| 10,280 60,503 |
464 - |
10,744 60,503 |
2,107 58,396 |
|
| 70,783 | 464 | 71,247 | 60,503 |
The notes on pages 8 to 12 form part of these financial statements.
Page 5
Professional Squash Association Foundation Comparative Statement of Financial Activities (including Income and Expenditure Account) For The Year Ended 31 December 2024
| Notes INCOME AND ENDOWMENTS FROM: Donations and legacies 3 Investments 4 EXPENDITURE ON: Raising funds 6 NET INCOME NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS: Total funds brought forward TOTAL FUNDS CARRIED FORWARD 13 |
Unrestricted funds £ 159,790 2 |
Restricted funds £ 3,795 - |
2023 Total funds £ 163,585 2 |
|---|---|---|---|
| 159,792 | 3,795 | 163,587 | |
| (157,685) | (3,795) | (161,480) | |
| 2,107 | - | 2,107 | |
| 2,107 58,396 |
- - |
2,107 58,396 |
|
| 60,503 | - | 60,503 |
The notes on pages 8 to 12 form part of these financial statements.
Page 6
Professional Squash Association Foundation Balance Sheet As At 31 December 2024
| 2024 | 2023 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| funds | funds | funds | funds | ||
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 10 | 1,350 | - | 1,350 | - |
| 1,350 | - | 1,350 | - | ||
| CURRENT ASSETS | |||||
| Debtors | 11 | 61,998 | - | 61,998 | 48,508 |
| Cash at bank and in hand | 8,200 | 464 | 8,664 | 12,595 | |
| 70,198 | 464 | 70,662 | 61,103 | ||
| Creditors: Amounts Falling Due Within One Year | 12 | (765) | - | (765) | (600) |
| NET CURRENT ASSETS (LIABILITIES) | 69,433 | 464 | 69,897 | 60,503 | |
| TOTAL ASSETS LESS CURRENT LIABILITIES | 70,783 | 464 | 71,247 | 60,503 | |
| NET ASSETS | 70,783 | 464 | 71,247 | 60,503 | |
| FUNDS OF THE CHARITY | |||||
| Restricted Funds | 464 | - | |||
| Unrestricted Funds | 70,783 | 60,503 | |||
| TOTAL FUNDS | 13 | 71,247 | 60,503 |
For the year ending 31 December 2024 the charitable company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the charitable company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
On behalf of the board
Mrs Alicia McConnell
Trustee 12/12/2025
The notes on pages 8 to 12 form part of these financial statements.
Page 7
Professional Squash Association Foundation Notes to the Financial Statements For The Year Ended 31 December 2024
1. General Information
Professional Squash Association Foundation is a company limited by guarantee, incorporated in England & Wales, registered number 10236715 and registered charity number 1172490. The registered office is 46 The Calls, Leeds, LS2 7EY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements 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 Companies Act 2006.
The charitable company is a Public Benefit Entity as defined by FRS 102.
2.2. Fund Accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Designated funds comprise unrestricted funds that have been set aside by the trustees for a specific purpose.
Restricted funds are to be used for specific purposes as laid down by the donor.
2.3. Incoming Resources
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.
2.4. Resources Expended
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.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment
20% on a reducing balance basis
2.6. Taxation
The charity is exempt from tax as all its income is charitable and applied for charitable purposes.
2.7. Pensions
The charitable company operates a defined pension contribution scheme. Contributions are charged to the Statement of Financial Activities as they become payable in accordance with the rules of the scheme.
3. Income from Donations and Legacies
| Donations and gifts Member subscriptions and sponsorships Grants Other |
Unrestricted funds £ 37,999 158,692 10,000 5,133 |
Restricted funds £ 10,000 - - - |
2024 Total funds £ 47,999 158,692 10,000 5,133 |
|---|---|---|---|
| 211,824 | 10,000 | 221,824 |
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Professional Squash Association Foundation Notes to the Financial Statements (continued) For The Year Ended 31 December 2024
| Donations and gifts Member subscriptions and sponsorships Grants Other 4. Investment Income Bank interest receivable 5. Net Income/(Expenditure) The net income is stated after charging/(crediting): Depreciation of tangible fixed assets - owned 6. Analysis of Expenditure Raising funds Raising funds |
Activities undertaken directly £ 50,797 |
Unrestricted funds £ 143,840 5,052 8,677 2,221 |
Restricted funds £ 3,795 - - - |
2023 Total funds £ 147,635 5,052 8,677 2,221 |
|---|---|---|---|---|
| 159,790 | 3,795 | 163,585 | ||
| Grant funding of activities £ 11,149 |
2024 Unrestricted funds £ 1 |
2023 Unrestricted funds £ 2 |
||
| 2024 £ 338 |
2023 £ - |
|||
| Support costs (see note 7) £ 149,135 |
2024 Total £ 211,081 |
|||
| Activities undertaken directly £ 23,604 |
Support costs (see note 7) £ 137,876 |
2023 Total £ 161,480 |
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Professional Squash Association Foundation Notes to the Financial Statements (continued) For The Year Ended 31 December 2024
7. Support Costs
| Employee costs General administration Depreciation Employee costs General administration 8. Staff Costs Staff costs were as follows: Wages and salaries Other pension costs |
2024 £ 125,441 4,294 129,735 |
2024 Raising funds £ 129,735 19,062 338 |
|---|---|---|
| 149,135 | ||
| 2023 Raising funds £ 125,252 12,624 |
||
| 137,876 | ||
| 2023 £ 120,952 4,300 |
||
| 125,252 |
No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000.
9. Average Number of Employees
Average number of employees during the year was: 3 (2023: 3)
10. Tangible Assets
| Cost As at 1 January 2024 Additions As at 31 December 2024 Depreciation As at 1 January 2024 Provided during the period As at 31 December 2024 Net Book Value As at 31 December 2024 As at 1 January 2024 |
Computer Equipment £ - 1,688 |
|---|---|
| 1,688 | |
| - 338 |
|
| 338 | |
| 1,350 | |
| - |
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Professional Squash Association Foundation Notes to the Financial Statements (continued) For The Year Ended 31 December 2024
11. Debtors
| Due within one year Other debtors 2. Creditors: Amounts Falling Due Within One Year Accruals and deferred income 3. Movement in Funds Unrestricted funds General: General unrestricted fund Restricted funds Restricted fund Total funds Unrestricted funds General: General unrestricted fund Restricted funds Restricted fund Total funds |
As at 1 January 2024 £ 60,503 - |
Income £ 211,825 10,000 |
2024 £ 61,998 2024 £ 765 Expenditure £ (201,545) (9,536) |
2023 £ 48,508 |
|
|---|---|---|---|---|---|
| 2023 £ 600 |
|||||
| As at 31 December 2024 £ 70,783 464 |
|||||
| 60,503 | 221,825 | (211,081) | 71,247 | ||
| As at 1 January 2023 £ 58,396 - |
Income £ 159,792 3,795 |
Expenditure £ (157,685) (3,795) |
As at 31 December 2023 £ 60,503 - |
||
| 58,396 | 163,587 | (161,480) | 60,503 |
- Creditors: Amounts Falling Due Within One Year
13. Movement in Funds
14. Transactions with Trustees
None of the trustees received any remuneration or any other benefits from an employment with the charity or a related entity during the current or previous year.
No trustee expenses have been incurred.
15. Related Party Disclosures
The Professional Squash Association is related by virtue of its control over the company.
At the year end, the Professional Squash Association owed the company £61,998 (2023: £48,368).
In addition, the Professional Squash Association incurred costs of £150,000 (2023: £150,000) for expenses in relation to the aligned objectives of the company.
Page 11
Professional Squash Association Foundation Notes to the Financial Statements (continued) For The Year Ended 31 December 2024
16. Controlling Parties
The charitable company's ultimate controlling party is the Professional Squash Association.
17. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
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