REGISTERED CHARITY NUMBER: 1202462 LOVE OF THE GAME UNAUDrrED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
LOVE OF THE GAME COP4TENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Page Report of the Trustees I to 5 Independent Examiner's Report statement of Financial Activitles Statement of Flnancial Posttion Notes to the Flnancial Statements 9 to 12 Detalléd Statement of Financial Activities 13
LOVE OF THE GAME REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 The trustees present thelr report wlth the flnanclal statements of the charity for the year ended 31 March 2025. The trustees have adopted the proVs1onS of Accountlng and Reportlng by Charities.. Statement of Recommended Practlce applicable to charitie5 preparlng their accounts in accordance with the Flnancial Reportlng Standard applScable in the UK and Republic of Ireland IFRS 102} leffective I January 20191. OBJECTIVES AND ACTIVITIES Objertives and aims Love of the Game ILOTG) started as a campaign In 2021 and on 23 March 2023 became a Charltable Incorporated OrganSsatSon, regSstered wlth the Charlty Commlsslon (No 1202462, CIO No CE03L7921. Our misslon statement is.. To protect players of all ages from the potentlally devastatlng Impact of head Snjurfes, whlle also protecting the integrity of the 5POrts we know and love. Love of the Game ILOTG) was founded by former England and Brltlsh and Irlsh Llons rugby unlon Internatlonal Simon Shaw MBE, bLJ5inessman, dementia care pioneer, and former England Under-18 player Lauren Geller CBE, and Sally Pettipher, Chief of Staff to forrner International rugby captaln and owner of Cornish Pirates, Sir Richard Evans land now CEO of Cornish Pirates). Lauren Geller was subsequently appointed the UK Government's Ninisterlal Advi50r on Concussion in Sport and chald the Government's Innov3tlon and Technology Forum for Con¢u5sion In Sport. The aims of the founders of LOTG were to reduce concussion-related i5sue5 arising from contact and non-contact sports and by doing so preserve those sports by reducing the risk of eady onset dementla and other neurological consequences to players, lengthenlng sporting careers and reducing the fear of takSng part. LOTG Is an Impassloned communlty of athletes, players, fans, innovators and experts, unlted by our love of sport and the desire to lfIl our rnission statement. The objects of LOTG as establlshed wlth the Chadty Commlsslon are fourfold.. For the publlc benefit the protectlon and presetvatlon of good health, In partlcular, but not exclusively, by.. A. Funding and providing support for research into the efficacy of approaches used to prevent, mltigate and manage concussion-related injuries including but not limited to perslstent concusslon syndrome and early onset dementia in England and Wales and research Into new medical technologles and treatments of concusslon-related Injurles provided that the useful re5uIt5 of such research are dissemlnated to the publlc at large. B. Educatln9 medlcal practitioners and other professlonals In the best methods for the diagnosls, care and treatment of persons with concusslon-related Injuries. C. Educating about and prornoting accessibillty to treatment wlthln centres providing care and treatment to persons with concusslon-related Injurie5. D. Raising awareness among the general public of all areas of concusslon~related injurtes. Page I
LOVE OF THE GAME REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 ACHIEVEMENTS AND PERFORMANCE Charitable activities It was clear to LOTG In 2021 that what was lacking was a clear UK national integrated approach to concusslon In sport. LOTG worked closely with the UK Government to define such an approach, and made slgnificant contributlons to the Government's response to the DCMS Select Committee report on Concussion in sport as we11 as the first natlonal Guidellnes for Concussion Management in Grassroots Sport ("If In doubt, sit them out I which were published In Aprll 2023. We were also key in setting up DCMS'5 Innovation and Technology Gmup and it5 Research Group. It was also clear that, although the was a significant body of expertSse In concussion throughout medical and academic Institutltsns in the UK, there wa5 insufficient coordlnatlon and sharlng of expertise. In 2022 LOTG began to draw together a network of leadlng neur05urgeons, neurologists, neuro-psychologlsts and radiographers from aroun(J 20 leading hospltals and centre5. It was originally called the RegSonal Sport5 Concussion Centres Network but was renamed the UK Concussion Network IUKCNI. It Is co-chaired by Professor Peter Hutchinson from Cambrldge and Professor Mlchael Parker from LOTG. The network ha5 been invaluable in, inter alia, provldlng advice to LOTG and to government which helped them to craft the national guidelines for concusslon management across all grassroot sports as mentloned above. An Important part of our WO has been eXplong new technologles of Inte5t. LOTG ha5 been Involved n showcaslng new technologies slnce Its creatlon, starting with a 'Hackathon' in March 2021 which saw teams of students, researchers, designers and medics from the top universltles In the UK formed to deslgn new technologies to prevent, dlagnose or treat concusslon in sport. Medla interest led to an ongoing LOTG focus on providing platforms for new technologies In the forrn of annual 'Demo Days,. Some of these have shown partScular promlse. We ctsntinue to work with WAVI, an early Demo Day partlclpant, whose portable brain scanner has recently receSved FDA approval In the USA and the research paper Is being reviewed for publication In 'Braln Research,. LOTG support for WAVI has Involved fundlng three machlnes which have been deployed in testing at three rugby clubs In England, Another Demo Day product, Polarcap, a portable cooling system Intended to reduce exerclse-lnduced elevated braln temperature to prevent or limit long term cognltlve Impalrment after brain trauma, Is now being Used by professional teams in ice hockeyi football, rugby unlon and rugby league in multiple countrles, including testing by the natlonal rugby league team of Australla. In Ottober 2024 we held another demo day showcasing 'BrainEye', 'Concussion Toolkit, and 'Abbot'. Thls was our second fundralslng event at Holland and Holland and it was again generously supported by Unlspace. It was targeted at a selected audlence to help fund support for the tech companies who exhiblted. From an eady stage it was clear too that insufficient attention had been glven to prevention of concusslon, as opposed to recognition, treatment and management. LOTG had organised and provlded fundlng for a first Concussion Prevention Conference in 2022 and repeated that for a second conference in April 2024 in London, In partnershlp wlth the Unlvetsity of 8ath and Calgary Unlverslty. These onferences saw the creation of a new UK Concussion Prevention Network. A Steering Group and an Advisory Group have been set up to dellver the alms of the network and provlde governance and cornmunicatlon with key stakeholder organlsations. The Ctsnclusions of thls second conference wtsuld influence the way in whlch LOTG has moved forward In the perlod from mld 2024 to the present, as explalned below. LOTG takes a solutlons-based approach to the problem by worklng wlth athletes, technologlsts, academlcs and the business and financial communities to develop new technologles that wlll prevent, diagnose and treat head injuries in sport. Llke most sports, success Is the product of a whole team. Solving this crisis Is no different, We have brought together a unlque network of over 600 supporters representing the UK'S rnajor sports, government, academla, technology, SCIen and buslness. We have forged new and producLlve relat10n5hip5 wlth major and grassroots sportlng clubs, research Institutes, charitable organSsation5 and major governlng sports bodies. Rather than focusing on the challenges of the past, LOTG'S aim Is to protect the players of the future and ensure that future athletes are protected from long term health risks that yesterday's and today's players have had to accept. Ln order to achieve thls and fulfil the objects OF the CIO, LOTG promotes a solutlons-based approach across three plllars education, science and technology whlch are of course not mutually excluslve. Educatlon Improvlng recognltlon of the symptoms of concusslon Positioning the long-term protettion of the head and braln as part of a player's tralning regimen and routlne Science Promotln9 more coherent Shang of Informatlon to ald In the Identlficatlon of dlagnosls tools Page 2
LOVE OF THE GAME REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 Developing a more soph15ticated method of identifylng the symptom5 and slgns of concusslon at the point of impact and for the use of proven bio-markers over the course of a player's Caer Creating impact assessment wearables and big data analysls to grade rSsk and severfty of con¢u551on and the proper course of actlon needed Technology Promotlng multi-disciplinary collaboration (brfnglng together Investors, Inventors, researchers, cllnldans and sport5 experts) to accelerate product development, experirllentation and implementatlon. FINANCIAL REVIEW Principal fundin9 $ourceg The Accounts for the financial years 2024-2025 are attached to thls report. Key figure5 are Income of £32,866 and expenditure of £46,131. We ceiVed a generous donation of £25,000 In August 2024 from the Rubln Foundation Charitable Trust, which helped fund our actlvlties Includlng the Concu55ion Prevention Conference. As noted in last year's accounts we received in May 2023 an Intere5t-fe flve- year loan from Lauren Geller. The remalnlng ncome derives from fund-raising actlvitles at Demo Days and other events, through Indlvidual donations or proceed5 of charity auctlons, Thls Income is then directed towards fundlng indlvldual technology projects as mentloned or the runnlng costs of LOTG. Reserves pollcy During the accountlng period LOTG had no reserves. However, the current TNstees of LOTG agreed In early 2025 to set up a reseNe fiJnd for the following financial year comprising IO% of all future donations or contrlbutlons from fund-raising events. to ensure the organisation Is able to cover the cost OF any future oblSgatlons, Including the paYment of any exlsting or future loans. FUTURE PLANS As noted, the first phase of LOTG was focused on helplng establlsh the baslc framewo5 and to influence and guide Government and sporting bodles. pollcy on concusslon In sport, especSally grassroots sport. The second Concussion ?ventIon Conference in April 2024 however highlighted areas where LOTG, and others, should increasingly focus their work. The Network set an ambitious target to reduce concussions in UK youth and communlty sports by 30% by 2030. Thls goal wlll be pursued and through Implementlng new policies and trainlng Inltlatlves, through equlpment Interventlons. The ctsnference concluded that education was key, both of players and teachers/organlsers. LOTG had recognlsed the Importance of educatlon early on and had enga9ed wlth leadlng organlsatSons such as Complete Concusslon and PodSum to determine the best way of gettSng the key messages across vla Apps etc. But the 2024 conference and its ambitious objectives have provlded the Smpetus for more actlon on our part In this area, We are in discussions with Complete Concussion on the provSslon of free onlSne tralnlng and have entered into a contractual relationshlp with Concusslon Toolklt, an organlsatSon whlch provSdes dlgltal tools and concusslon workshops, particularly for unlversities and schools, for them to be our delivery partner. Desplte thls Increaslng emphasis on educatlon, we have not stepped back from some of our earller activities, notably showcasing new technologles and processes, or work wlth the UK Concusslon Networf(. Both BralnEye and Abbot (biomarkers measuring tool), participants in the 2024 Derno Day, are now pursulng clear business opportunities eg Braineye with Stade Francais and Abbott with the Phllipplnes. And Concussion Toolkit's participation in that event led eventually to the arrangement wlth LOTG. We continue to search for emerging technologles of interest and are plannlng another Demo Day for the first part of 2026. In partnershlp wlth Concussion Toolkit, LOTG are helping to fund an education and awareness programme, InStlally throughout all universitie5 and public 5choo15 Wlthin the UK. Thi5 programme will then be extended to all natSonal schools and grassroots communlty sports clubs. Our goal Ss to provlde consistent awareness tralning to identify potentlal head injurles as they occur, gUIdan on how to initiate appmpriate 'return to play. protocols and, if necessary, how to seek appropriate medical treatment and recovery. We also remaSn commltted to the UK Concussion Network whlch wlll be hostlng Its flrst face-to-face meeting in London in December 2025 and LOTG wlll be a key particlpant. Page 3
LOVE OF THE GAME REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charlty Is controlled by Its govemlng document and 15 registered as a Charitable Incorporated Organlsatlon ICIOI Changes In strurture In mid 2024 there were a number of changes to the Board of LOTG. Laurence Geller, our Chalrman, stepped down after three and a half years at the hem. We owe hlm land other former trustees) an enormous debt of gratitude for his Service. He was replaced by Stuart Bagshaw MBE. REFERENCE AND ADMINISTRATIVE DETAILS Re9lstered Charity number 1202462 Principal address 54 Heywood Road Dlss Norfolk IP22 4SY Trustee$ The current trustees of LOTG are.. stuart Bag5hèw MBE (Chair Of Trustees) - appointed 24.3,23 After starting hi5 career in the Royal Air Force where he worked on RADAR, communlcatSons and computer systems, Stuart went on to hold C-suite positions at multiple internatlonal companles, IncludSng Apple, Sequent, Xerox, Gemplus SA and ILOG. Thereafter he founded Business LEAP and has spent the last 14 years sharlng hls knowledge champ5oning British and other foreign businesses expandlng Into the US market. He was the past Presldent and ChaSrman of the British American Bu5ines5 Council In Northern California and most recently the past Presldent and Chairman of the British Amerlcan 8uslness Network. Additlonally, Stuart served on the board of several charltable organi5ations including the Brftish American Benevolent Society, Play Rugby USA, the Atlas Foundatlon Americas and currently Love of the Game. Stuart was awarded the M8E Sn the 2025 Blrthday Honours In recognltion of hls contributions to UK/US trade, bu5ines5 and charity. Julian Evans (sectary) - appolnted 24.3.23 Julian served for 40 years in the Foreign and Commonwealth Offlce. HIS posts included Moscow, Zurlch, New York, 151amabad, Ottawa, San Franclsco, New Delhi and, finally, as Dirertor of Pmttscol and Her Majesty The Queen's Vlce Marshal of the Diplomatic Corps. On retirement In 2017 he joined the Commonwealth War Graves Commlsslon as International and Publlc Engagement Dlrector. He retired frorn the Commi5s1on In 2020, but Is a Trustee of the Comm1551on's ¢harlty, the Commonwealth War Graves Foundatlon. Profe550r Michael Parker BSC, MS, FRCS, FRCS (Ed), FCASE, (Medical Advisor) - appolnted 24.3.23 Mike spent nearly fifty year5 In the NHS, latterty as a ctsnsultant laparoscoplc surgeon followed by four years voluntarfly trainlng Danlsh and Swedlsh surgeons how to perforrn keyhole bowel cancer surgery safely. He was President of four Internatlonal surglcal socleties, Vice President of the Royal College of Surge(>ns of England, and holds Honorary Fellowshlps from nlne other countrle5. He is currently the Chairman of the Trustees of the European Soclety of Coloproctology. Mike served on the London Commlttee of the Wooden Spoon Society for elghteen years, ralslng money for handl¢apped or InJUd chlldren. He Is now a Founding Trustee of the Falcon Foundatlon, a chaty ralsing money to help traln young pllots. Sally Pettipher - appointed 23.3.23 Sally 1s Chlef of Staff to Slr Richard Evan5 and CEO of the Cornlsh Plrates Rugby Club. Previously, she was Chlef Executlve of the Atlas Foundation, a global charity of rugby champlons overseeing chlld welfare and edLJCation projects. She wa5 a foundlng Trustee of Bt[Sh Rowlng's charitable foundatlon and runs a disabSllty rowlng programme at her home club In Ross-on-wye. Sally Is one of the orlglnal ft)unders of Love of the Game. Page 4
LOVE OF THE GAME REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 Simon Shaw MBE - appolnted 10.12.24 Simon is a former England and Britlsh and Irish Lions rugby player. He played In the domestic game for Brlstol and then Wasps, startlng In 1990. He flnlshed hls rugby career wlth two years at Toulon. Slmon won 71 caps wSth England between 1996 and 2011, and 2 for the Britlsh and Irlsh Lions wlth whom he toured three time5. Simon is one of the founders of Love of the Garne, drlven by hi5 own experiences of head injuries durlng hls playing career. Michelle Wells Imlchelle Elkins) MBE - appointed 10. 12.24 Michelle is a commun1catlons expert who has led and supported the communications portfolS0 across many sectors, IncludSng the malnstream medla, law enforcement, counter-terrorism, local and Central Government (both in the UK and abroad), the charity sector, securlty Industry and in the private sector. Michelle joined LOTG as its Cornmunications Advisor and became a trustee In December 2024. She was awarded an MBE In the 2025 New Year's Honours List. Former tnjstees who served durlng the perlod of the port Mr Laurence Geller CBE, Chalrman, 24 March 2023 to 23 July 2024 Mr James Cameron, 23 March 2023 to 23 July 2D24 Mr Chrls Wallace, 23 March 2023 to 23 July 2024 Clinical Advis(>r Donna Sander50n-Hull serves as clinlcal advlsor to the Board, She was formerly a trustee. Concusslon Toolkit Mlllle Puddephatt (Dlrector) and Plppl Heath (Dlrectorl afft non-votlng members of the Board. Independent Examlner Morris Owen Chartered Accountant5 43-45 Devizes Road SWINDON Wiltshlre SNI 4BG Approved by order of the board of trustees on 4 November 2025 and slgned on Its behalf by: Mr J A Evans - Trustee Page 5
XNDEpeNDENT EXAMINER'S REPORT TO THE TRUSTEES OF LOVE OF THE GAME Indepèndent examinèr'$ rÈport to tho trustées of Love Of The Game I report to the charity trustees on my examination of the accounts of Love Of The Game (the Trust) for the year ended 31 March 2025, Responslbllltles and basls of report As the charity trustees of the Trust you are responsible for the preparation tsf the a¢counts In aCCoance with the requirement5 of the Charities Act 20111'the Art'l. I report In respect of my examination of the Trust's accounts carried out under Section 145 of the Act and In carrylng out my examlnatlon I have followed all appllcable Dirertions given by the Charity Commlsslon under SectSon 14515llb) of the Act. Independent examiner's statement I have completed my examination. I confirrll that no material matters have come to my attentlon in connection wlth the examination glvlng me cause to believe that in any m#teri#l Spect.. accountlng records were not kept In respert of the Trust as requlred by Sectlon 130 of the Act; or the accounts do not accord with those records,. or the accounts do not comply wlth the applicable requirements concerning the form and content of accounts set out In the CharSties (Accounts and Reports) Regulatlons 2008 other than any requSrement that the accounts glve a true and falr vtew whlch Is not a matter consSdered as part of an independent examination. I have no concern5 and have come across no other matters In connettlon wlth the examination to whlch attention should be drawn in this report in order to enable a proper Ljndetstandlng of the accounts to be reached. Ian Sumbler FCCA Morrls Owen Chartered Accountants 43-45 Devizes Road SWINDON Wi1t5hire SNI 4BG Date.. i¥. ii. k>iS Page 6
LOVE OF THE GAME STATEMENT OF FINAPICIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 Period 23.3.23 to 31.3.24 Total funds Year Ended 31.3.25 Total fund$ Unrestrlcted fund Piestrlcted fund Notes INCOME AND ENDOWMENTS FROM Donatlons and legacles 25,230 25,230 31,840 other trading actlvitles 7,636 7,636 27,168 Total 32,866 32,866 59,008 ExpeNDThURE ON Project c(>sts 17,089 17,089 Charitable activities Other resources expended Management and admlnlstratlon costs 6,500 22,403 6,500 22,403 58,362 Total 45,992 45,992 58,362 NET INCOME/(EXPENDITURE) (13,126) (13,126) 646 REC014CILIATION OF FUNDS Total funds brought forward 646 646 TOTAL FUNDS CARRIED FORWARD (12.480) (12,480) The notes form part of these flnanclal statements Page 7
LOVE OF THE GAME STATEMENT OF FINANCIAL POSITION 31 MARCH 2025 2025 Total funds 2024 Total funds Unrestrlcted fund Restricted fund Notes CURRENT ASSETS Debtors Cash at bank 199 13,581 199 13,581 15,214 11,632 13,780 13,780 26,846 CREDITORS Amount5 falling due wlthln one year (1,260) (1,260) 126,20DI NET CURRENT ASSETS 12,520 12,520 646 TOTAL ASSETS LESS CURRENT LIABILITIES 12,520 12,520 646 CREDITORS Arnounts falling due after more than one year (25,000) (25,000) NET ASSETS/(LIABILITIES) (12,480) (12,480) 646 FUNDS Unrestrirted funds li {12,480) 646 TOTAL FUNDS (12,480) 646 The financial Statements were approved by the Board Of Trustees and authOsed for Issue on 4 November 2025 and were slgned On its behalf by.. Mr J A Evans - Trustee Mr S T Bagshaw - Trustee The notes form part of these flnancial statement5 Page 8
LOVE OF THE GAME NOTES TO THE FXNANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 CHARITY INFORMATION The charlty is a CIO reglstered number 1202462 wlth the Charfty Commi5s1on for England & Wale5. The maln addsS Is 54 Heywood Road, Dlss, Norfolk, IP22 4SY. These flnanclal statements are psented In Brltlsh Pound5 IGBPI, whlch is the charity'5 fvnctional and pSentatIonal currency. ACCOUNTING POLICIES Basls of preparin9 the financial statements The flnancial statements of the charlty, which Is a publlc benefit entity under FRS 102, have been prepared Sn accordance wlth the Charities SORP IFRS 1021 'Accounting and Reporting by Charities.. Statement of Recommended Prartlce appllcable to charitles preparing their accounts accordan wlth the Financial Reporting Standard appllcable In the UK and Republic of Ireland IFRS 1021 (effective l January 20191,, FlnancSal Reportlng Standard 102 The Flnanclal Reportlng Standard applicable in the UK and Republlc of Iland, and the Charlties Act 2011. The finènclal statements have been prepared under the hlstorical cost convention. Going concern The Trustees have assessed the forthcomlng perSod and feels the golng concern prlnclple remains approprlate. Income All Sncome is COgnised In the Statement of Financlal Actlvities once the charlty has entitlement to the funds, It Is probable that the incorne will be received and the am¢unt Can be measured rellably. Expenditure Liabilities are recognised as expendlture as soon as there Is a legal or construrtive obligatlon committlng the charlty to that expendlture, It is probable that a transfer of economlc beneflts will be reqUId in settlement and the amount of the obligation can be rneasud reliably. Expenditure is accounted for on an accruals basis and has been classifled under headlngs that aggregate all cost related to the category. Where costs cannot be dlrectly attrfbuted to partlcular headSngs they have been allocated to actlvitle5 on a basks consistent with the vse of resourtes. Taxation The charfty Is exempt from tax on Its charltable actlvltles. Fund accounting Unrestricted funds can be used in accordance wlth the charltable objectlves at the dlscretlon of the trustees. Restritted funds can only be used for partlcular restrlcted purposes wlthln the objects of the Chaty. ReStctIonS arlse when speclfled by the donor or when funds a ralsed for partlcular restricted purpose5. Further explanatlon of the nature and purpose of each fund is Induded In the note5 to the financlal statements. Page 9 contlnued...
LOVE OF THE GAME NOTES TO THE FINANCIAL STATEMENTS- cantlnued FOR THE YEAR ENDED 31 MARCH 2025 OTHER TRADING ACTxvrrIES Perlod 23.3.23 to 31.3.24 Ye?r Ended 31.3.25 Fundralslng events 7,636 27,168 TRUSTEES. REMUNERATION AND BENEFITS There were no trustees. rernuneratlon or other benefits for the year ended 31 March 2025 nor for the perlod ended 31 March 2024. Trustees. expenses There were no trustees. expense5 pald for the year ended 31 March 2Q25 nor for the perlod ended 31 March 2024. COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcfiviTIES Unre5trlcted fund Restricted fund Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 28,240 3,600 31,840 Other tradlng activitles 27,168 27,168 Total 55,408 3,600 59,008 EXPENDITURE ON Charitable activities Management and adminlstration costs 54,762 3,600 58,362 NET INCOME 646 646 TOTAL FUNDS CARRIED FORWARD 646 646 INDEPENDENT EXAMINER FEE 2025 2024 Statutory accounts produttion & extemal scrutlny 1,260 1,200 1,260 1,200 Page 10 contlnued...
LOVE OF THE GAME NOTES TO THE FINANCIAL STATEMENTS - contlnuéd FOR THE YEAR ENDED 31 MARCH 2025 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 1025 2024 Prepayments and accrued Income 199 15,214 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Other loans (see note 101 Accruals and deferred Income 25,000 1,200 1,260 1,260 26,200 CREDITORS: AMOUNTS FALUNG DUE AFTER MORE THAN ONE YEAR 2025 2024 Other loans (see note 101 25,000 In May 2023, a generous Inte$t free loan was provlded by a supporter of the charity. During the year, the loan has been updated with new terrns agreed which state the loan Is Interest free for 5 Yea up untll May 2028. In accordance wlth provislons of FRS 102 the charity ha5 Opted to account for the loan reiVed In accordance wlth paragraphs PBE34.90 to 34.97, namely to recognise the loan at the amount received rather than to apply the requirements of Settion 11 Baslc Flnanclal InstNments whlch requlres measurement at fair value 10. LOANS An analysis of the maturity of loan5 is given below.. 2025 2024 Amounts falling due wlthln one year on demand.. Other loans 25,000 Amounts falling due between two and five years,. Other loans - 2-5 year5 25,000 ii. MOVEMENT IN FUNDS Net movement n funds At 31.3.25 At 1.4.24 Unrestricted funds General fund 646 (13,126) (12,480) TOTAL FUNDS 646 (13,126) {12,480) Page 11 contSnued...
LOVE OF THE GAME NOTES TO THE FINAPICIAL STATEMENTS - continuèd FOR THE YEAR ENDED 31 MARCH 2025 ii. MOVEMENT IN FIINDS- continued Net movement In funds, Included in the above are as follows: Incoming resource5 Resource5 expended Movement in funds UnrestrScted funds Gener31 fund 32,866 {45,992) (13,126) TOTAL FUNDS 32,866 (45,992) (13,126) Comparatlves for movement In fund$ Net movement in funds At 31.3.24 Unrestricted funds General fund 646 646 TOTAL FUNDS 646 646 Comparative net movement In funds, Included In the above are as follows.. Incomlng resource5 Resources expended Movement In fLJnds Unr¢stri¢ted fund$ General fund 55,408 154,762) 646 Restricted funds Wallace 3,600 (3,600) TOTAL FUNDS 59,008 158,362) 646 12. RELATED PARTY DISCLOSURES There were no related party tran5artlons for the year ended 31 March 2025. Page 12
LOVE OF THE GAME DETAILED STATEMENT OF FINANCIAL ACTIvrrIES FOR THE YEAR ENDED 31 MARCH 202S Period 23.3.23 to 31.3.24 Year Ended 31.3.25 INCOME AND ENDOWMENTS Donatlon$ and legacies Donations 25,230 31,840 Other trading actlvltles FundraSslng events 7,636 27,168 Total Incomlng résources 32,866 59,008 EXPENDITURE Raislng donatlons and legacles Project costs 17,089 Charitable artivltles Donatlons 6,500 Support Costs Management Computer costs Insurance Consultancy fees Accountancy 674 398 20,000 1,260 5,000 52,000 1,200 22,332 58,200 Flnantè Bank charge5 71 162 Total resources expended 45,992 58,362 Net (expendlture}Ilncome (13,126) 646 Thls page does not form part of the statutory financial statements Page 13