THE OLD ALBANIAN SPORTS ASSOCIATION LIMITED
The promotion of community participation in healthy recreation in particular the provision of facilities for members of the public to engage in team sports, athletics, fitness training and other forms of physical recreation. To advance the physical development of persons attending educational establishments in St. Albans and surrounding areas, with a view to improving their conditions of life.
Financial health, per its FY2025 accounts
The accounts state that the charity incurred a net expenditure of £217,686, resulting in total unrestricted funds of £4,223,886. The trustees acknowledge ongoing challenges regarding going concern due to the cost of living crisis impacting hospitality trading, but maintain that adequate resources exist to continue operations. The charity's reserves policy targets three to six months of expenditure, a level the trustees confirm has not been maintained.
What the accounts disclose
“This level of reserves has not been maintained throughout the period and this remains a longer term target”
“Nevertheless, the trustees recognise the existence of ongoing challenges regarding going concern, yet remain confident that the going concern basis remains appropriate”
“The wholly owned trading subsidiary Old Albanian Sports Club limited (OASC), which is incorporated in the United Kingdom, donates all of its taxable profits to the charity.” — page 21
Year-over-year changes
- Reserves position vs the charity's own policy moved from "above" (FY2024) to "below" (FY2025).
- Going concern: no going-concern doubt (FY2024) → going-concern doubt noted (FY2025).
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- ANDREW ROBERT PAGE MCCREE
- Anna Marie Philpott
- David Hughes
- David Robert Goodier
- MICHAEL EDWARD FISHER
- Matthew Peter Newby
- Paul Malcolm Richardson
- Paul Quinn
- Scott Bachmann
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £1.1m | £1.4m |
| 31/03/2024 | £1.0m | £1.3m |
| 31/03/2023 | £1.0m | £1.2m |
| 31/03/2022 | £845k | £1.0m |
| 31/03/2021 | £547k | £650k |
Common questions
Is THE OLD ALBANIAN SPORTS ASSOCIATION LIMITED financially healthy?
Per its FY2025 accounts: The accounts state that the charity incurred a net expenditure of £217,686, resulting in total unrestricted funds of £4,223,886. The trustees acknowledge ongoing challenges regarding going concern due to the cost of living crisis impacting hospitality trading, but maintain that adequate resources exist to continue operations. The charity's reserves policy targets three to six months of expenditure, a level the trustees confirm has not been maintained. Its FY2025 accounts were audited by Rayner Essex LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE ROGER DE HAAN CHARITABLE TRUST | 1 | £1.1m |
| THE JD FOUNDATION | 1 | £561k |
| BOLTON COMMUNITY AND VOLUNTARY SERVICES | 1 | £275k |
| BOLTON TOGETHER | 1 | £248k |
| JOHN SWIRE 1989 CHARITABLE TRUST | 1 | £30k |
| CRH CHARITABLE TRUST | 1 | £15k |
| THE HADFIELD CHARITABLE TRUST | 1 | £3k |
| THE TORY FAMILY FOUNDATION | 1 | £1k |
Charities like this
- HENDRED SPORTS CLUB
- CLUB DONCASTER COMMUNITY SPORTS & EDUCATION FOUNDATION
- MILTON KEYNES DONS FOOTBALL CLUB SPORTS & EDUCATION TRUST
- The Sports Trust
- BOLTON WANDERERS COMMUNITY TRUST
- KESWICK COMMUNITY RUGBY TRUST LIMITED
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE OLD ALBANIAN SPORTS ASSOCIATION LIMITED | £1.1m | — | 0 | below | — | noted |
| HENDRED SPORTS CLUB | £214k | — | 0 | below | — | no doubt |
| CLUB DONCASTER COMMUNITY SPORTS & EDUCATION FOUNDATION | £2.0m | — | — | unclear | — | no doubt |
| MILTON KEYNES DONS FOOTBALL CLUB SPORTS & EDUCATION TRUST | £3.9m | — | 0 | below | — | no doubt |
| The Sports Trust | £1.4m | £70,001 - £80,000 | — | below | — | no doubt |
| BOLTON WANDERERS COMMUNITY TRUST | £1.5m | — | 0 | below | 6.1% | no doubt |