## TRUSTEES REPORT.
## **[ For the year ended 31 October 2025 ]**
## **WHAT WE ARE HERE TO DO.**
## **GROWING UP.**
## **THE PEOPLE WHO HAVE JOINED OUR TEAM.**
## **THREE PILLARS.**
**Make a difference.** Getting grassroots clubs real access to rugby-specific mental health
**Make it sustainable.** Building predictable, long-term income so we can invest in the mission
**Make us match fit.** Strengthening what's underneath all of it - tech and data, impact
## **ONEBRIGHT, OUR CLINICAL SUPPORT SERVICE PILOT.**
## **CAMPAIGNS THAT ACTUALLY MOVED PEOPLE.**
## **LOOSEHEADZ, EVERYWHERE.**
## **OH, AND WE BROKE A WORLD RECORD.**
## **THE PROOF IT'S WORKING.**
## **The money, briefly.**
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-
-
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**REGISTERED COMPANY NUMBER: CE024560 (England and Wales) REGISTERED CHARITY NUMBER: 1193051**
## **Report of the Trustees and**
**Unaudited Financial Statements for the Year Ended 31 October 2025**
**for**
## **Looseheadz Foundation**
Higsons Limited Accountants 109 Market Street Farnworth Bolton Greater Manchester BL4 8EX
**Looseheadz Foundation**
## **Contents of the Financial Statements for the Year Ended 31 October 2025**
|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|2|
|**Independent Examiner's Report**||3||
|**Statement of Financial Activities**||4||
|**Balance Sheet**||5||
|**Notes to the Financial Statements**|6|to|10|
|**Detailed Statement of Financial Activities**|11|to|12|
**Looseheadz Foundation**
## **Report of the Trustees for the Year Ended 31 October 2025**
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 October 2025. 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 objectives and aims of LooseHeadz Foundation are to promote and preserve the good mental and physical health of those suffering from or who are at risk of developing any form of mental ill-health but not exclusively by:
(1) The provision of help, support and advice through school and work-based mental health and wellbeing training courses.
(2) Promoting participation in healthy recreation by organising or assisting in the organisation of the playing of rugby to improve the mental and physical health of those suffering from or who are at risk of developing any form of mental ill-health.
(3) Making grants to other charities which provide help, support, and advice to those suffering from or who are at risk of developing any form of mental ill-health.
## **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.
## **Related parties**
Looseheadz Limited
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Registered Company number**
CE024560 (England and Wales)
## **Registered Charity number**
1193051
## **Registered office**
6 Stockton Road Wilmslow Cheshire SK9 6EU
## **Trustees**
M R C Shotton Chair N Day M W McCall M Price Ms A Lemouzy (appointed 13.3.25) C North (appointed 13.3.25) C Doyle (appointed 17.3.25) M J Foster (appointed 17.3.25)
## **Independent Examiner**
Higsons Limited Accountants 109 Market Street Farnworth Bolton Greater Manchester BL4 8EX
Page 1
**Looseheadz Foundation**
## **Report of the Trustees for the Year Ended 31 October 2025**
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
........................................................................ M R C Shotton - Trustee
Page 2
**Independent Examiner's Report to the Trustees of Looseheadz Foundation**
## **Independent examiner's report to the trustees of Looseheadz Foundation ('the Company')**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 October 2025.
## **Responsibilities and basis of report**
As the charity's 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**
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.
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:
1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or
3. 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
4. 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.
Wilfred Rhodes MAAT ACCA
Higsons Limited Accountants 109 Market Street Farnworth Bolton Greater Manchester BL4 8EX
Date: .............................................
Page 3
**Looseheadz Foundation**
## **Statement of Financial Activities for the Year Ended 31 October 2025**
|||31.10.25|31.10.24|
|---|---|---|---|
|||Unrestricted|Total|
|||fund|funds|
||Notes|£|£|
|**INCOME AND ENDOWMENTS FROM**||||
|Donations and legacies||342,889|175,830|
|**EXPENDITURE ON**||||
|Raising funds|2|326,410|82,269|
|Other||1,125|61,736|
|**Total**||327,535|144,005|
|**NET INCOME**||15,354|31,825|
|**RECONCILIATION OF FUNDS**||||
|Total funds brought forward||73,574|41,749|
|**TOTAL FUNDS CARRIED FORWARD**||88,928|73,574|
The notes form part of these financial statements
Page 4
**Looseheadz Foundation**
## **Balance Sheet**
## **31 October 2025**
|||31.10.25|31.10.24|
|---|---|---|---|
|||Unrestricted|Total|
|||fund|funds|
||Notes|£|£|
|**FIXED ASSETS**||||
|Tangible assets|6|1,111|-|
|**CURRENT ASSETS**||||
|Debtors|7|43,258|8,621|
|Cash at bank||47,608|76,592|
|||90,866|85,213|
|**CREDITORS**||||
|Amounts falling due within one year|8|(3,049)|(11,639)|
|**NET CURRENT ASSETS**||87,817|73,574|
|**TOTAL ASSETS LESS CURRENT**||||
|**LIABILITIES**||88,928|73,574|
|**NET ASSETS**||88,928|73,574|
|**FUNDS**|9|||
|Unrestricted funds||88,928|73,574|
|**TOTAL FUNDS**||88,928|73,574|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. M R C Shotton - Trustee
The notes form part of these financial statements
Page 5
**Looseheadz Foundation**
## **Notes to the Financial Statements**
## **for the Year Ended 31 October 2025**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charitable company, 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 Companies Act 2006. 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.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
## **Taxation**
The charity is exempt from corporation 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.
## **Pension costs and other post-retirement benefits**
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Page 6
continued...
**Looseheadz Foundation**
## **Notes to the Financial Statements - continued for the Year Ended 31 October 2025**
## **2. RAISING FUNDS**
## **Raising donations and legacies**
## **3.**
|Ambassador costs
Fundraising costs
Support costs
**NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets|31.10.25
£
1,059
23,685
132,453
157,197
31.10.25
£
107|31.10.24
£
-
-
43,482|
|---|---|---|
|||43,482|
|||31.10.24
£
-|
## **4. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 October 2025 nor for the year ended 31 October 2024.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 October 2025 nor for the year ended 31 October 2024.
## **5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
||Unrestricted|
|---|---|
||fund|
||£|
|**INCOME AND ENDOWMENTS FROM**||
|Donations and legacies|175,830|
|**EXPENDITURE ON**||
|Raising funds|82,269|
|Other|61,736|
|**Total**|144,005|
|**NET INCOME**|31,825|
|**RECONCILIATION OF FUNDS**||
|Total funds brought forward|41,749|
|**TOTAL FUNDS CARRIED FORWARD**|73,574|
continued...
Page 7
**Looseheadz Foundation**
## **Notes to the Financial Statements - continued**
## **for the Year Ended 31 October 2025**
## **6. TANGIBLE FIXED ASSETS**
|**6.**|**TANGIBLE FIXED ASSETS**||||
|---|---|---|---|---|
|||Fixtures|||
|||and|Computer||
|||fittings|equipment|Totals|
|||£|£|£|
||**COST**||||
||Additions|385|833|1,218|
||**DEPRECIATION**||||
||Charge for year|16|91|107|
||**NET BOOK VALUE**||||
||At 31 October 2025|369|742|1,111|
||At 31 October 2024|-|-|-|
|**7.**|**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**||||
||||31.10.25|31.10.24|
||||£|£|
||Trade debtors||24,745|-|
||Other debtors||10|-|
||Looseheadz Limited||18,503|8,621|
||||43,258|8,621|
|**8.**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**||||
||||31.10.25|31.10.24|
||||£|£|
||Trade creditors||1,612|-|
||Social security and other taxes||(15,667)|6,207|
||Pension control||914|511|
||VAT||1,189|4,921|
||Other creditors||14,371|-|
||Accrued expenses||630|-|
||||3,049|11,639|
|**9.**|**MOVEMENT IN FUNDS**||||
||||Net||
|||At|movement|At|
|||1.11.24|in funds|31.10.25|
|||£|£|£|
||**Unrestricted funds**||||
||General fund|73,574|15,354|88,928|
||**TOTAL FUNDS**|73,574|15,354|88,928|
continued...
Page 8
**Looseheadz Foundation**
## **Notes to the Financial Statements - continued for the Year Ended 31 October 2025**
## **9. MOVEMENT IN FUNDS - continued**
Net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|Incoming
resources
£
342,889
342,889|Resources
Movement
expended
in funds
£
£
(327,535)
15,354
(327,535)
15,354|Resources
Movement
expended
in funds
£
£
(327,535)
15,354
(327,535)
15,354|
|---|---|---|---|
||||15,354|
## **Comparatives for movement in funds**
|At
1.11.23
£
**Unrestricted funds**
General fund
41,749
**TOTAL FUNDS**
41,749
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
175,830
**TOTAL FUNDS**
175,830|Net
movement
At
in funds
31.10.24
£
£
31,825
73,574
31,825
73,574
Resources
Movement
expended
in funds
£
£
(144,005)
31,825
(144,005)
31,825|Net
movement
At
in funds
31.10.24
£
£
31,825
73,574
31,825
73,574
Resources
Movement
expended
in funds
£
£
(144,005)
31,825
(144,005)
31,825|
|---|---|---|
|||31,825|
A current year 12 months and prior year 12 months combined position is as follows:
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|Net
At
movement
At
1.11.23
in funds
31.10.25
£
£
£
41,749
47,179
88,928
41,749
47,179
88,928|Net
At
movement
At
1.11.23
in funds
31.10.25
£
£
£
41,749
47,179
88,928
41,749
47,179
88,928|
|---|---|---|
|||88,928|
continued...
Page 9
**Looseheadz Foundation**
## **Notes to the Financial Statements - continued for the Year Ended 31 October 2025**
## **9. MOVEMENT IN FUNDS - continued**
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
**TOTAL FUNDS**|Incoming
resources
£
518,719
518,719|Resources
Movement
expended
in funds
£
£
(471,540)
47,179
(471,540)
47,179|
|---|---|---|
## **10. RELATED PARTY DISCLOSURES**
The Looseheadz Foundation has a close operational relationship with LooseHeadz Limited, a related party by virtue of connection to trustees and strategic alignment of charitable activities. LooseHeadz Limited supports the Foundation through the provision of marketing, and operational services.
During the year, the Foundation paid £nil (2024: £61,287) to LooseHeadz Limited in respect of management charges. These charges relate to staffing, marketing, logistics, and administrative support necessary to deliver the Foundation's charitable programmes.
All transactions were conducted at arm’s length and were subject to appropriate oversight by the non-conflicted trustees, in line with the Foundation's conflict of interest policy.
At the balance sheet date, £18,503 was owed to the Foundation by LooseHeadz Limited (2024: £8,621).
Page 10
**Looseheadz Foundation**
|**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations
**Total incoming resources**
**EXPENDITURE**
**Raising donations and legacies**
Ambassador costs
Fundraising costs
**Other trading activities**
Wages
Social security
Pensions
Storage costs
**Other**
Staff training
Management charges
Interest on taxation paid late
**Support costs**
**Finance**
Insurance
Bank charges
**Information technology**
Postage and stationery
Computer & IT costs
**Miscellaneous and travel**
Telephone
Sundries
Travel|**Detailed Statement of Financial Activities**
**for the Year Ended 31 October 2025**
31.10.25
31.10.24
£
£
342,889
175,830
342,889
175,830
1,059
-
23,685
-
24,744
-
159,625
34,718
4,548
3,850
3,545
219
1,495
-
169,213
38,787
660
400
-
61,287
358
49
1,018
61,736
900
-
55
-
955
-
676
3
1,533
225
2,209
228
585
-
1,012
695
53,304
7,239
54,901
7,934|**Detailed Statement of Financial Activities**
**for the Year Ended 31 October 2025**
31.10.25
31.10.24
£
£
342,889
175,830
342,889
175,830
1,059
-
23,685
-
24,744
-
159,625
34,718
4,548
3,850
3,545
219
1,495
-
169,213
38,787
660
400
-
61,287
358
49
1,018
61,736
900
-
55
-
955
-
676
3
1,533
225
2,209
228
585
-
1,012
695
53,304
7,239
54,901
7,934|
|---|---|---|
||||
|||175,830
-
-|
|||-
34,718
3,850
219
-|
|||38,787
400
61,287
49|
|||61,736
-
-|
|||-
3
225|
|||228
-
695
7,239|
|||7,934|
This page does not form part of the statutory financial statements
Page 11
**Looseheadz Foundation**
|**Miscellaneous and travel**
**Administration and other costs**
Advertising and marketing
Qbooks subscription
Shout Text Line subscription
**Governance costs**
Accountancy and legal fees
Computer equipment
Total resources expended
**Net income**|**Detailed Statement of Financial Activities**
**for the Year Ended 31 October 2025**
31.10.25
31.10.24
£
£
61,186
33,877
137
262
1,260
-
62,583
34,139
11,805
1,181
107
-
11,912
1,181
327,535
144,005
15,354
31,825|**Detailed Statement of Financial Activities**
**for the Year Ended 31 October 2025**
31.10.25
31.10.24
£
£
61,186
33,877
137
262
1,260
-
62,583
34,139
11,805
1,181
107
-
11,912
1,181
327,535
144,005
15,354
31,825|
|---|---|---|
||||
|||34,139
1,181
-|
|||1,181|
|||144,005|
|||31,825|
This page does not form part of the statutory financial statements
Page 12