LAUREUS SPORT FOR GOOD FOUNDATION
Registered charity 1111364 · accounts filings on the Charity Commission register
The charitable objects of the Foundation are the advancement through the medium of sport such charitable purposes as are capable of being so advanced; and such other charitable purposes associated with sport or physical recreation as the Trustees in their absolute discretion from time to time think fit.
Causes: General Charitable Purposes · Amateur Sport · Grant history (this charity is a funder) · website · Get email alerts
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net surplus of €536,733 for the year ended 31 December 2024, following a loss in the previous year. However, the trustees note that the unrestricted reserves of €731,494 are below the stated policy target of €1,200,000, prompting management to embed cost controls and seek new funding sources. The auditors confirmed that resources are adequate for at least twelve months from the date of signing, with no material uncertainties identified regarding the going concern basis.
Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.
What the accounts disclose
Reserves policy: €1,200,000 nominally to cover 3 months of fixed overheads and 25% of yearly programme costs at a minimum (held: £885k)
“maintain an accumulated reserves balance at the end of each financial year of €1,200,000 nominally to cover 3 months of fixed overheads and 25% of yearly programme costs at a minimum.”
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Laureus World Sports Awards Limited paid costs of €236,981 on Laureus Sport for Good’s behalf and recharged these costs.
“During the financial year ended 31 December 2024, Laureus World Sports Awards Limited paid costs of €236,981 (2023: €207,609) on Laureus Sport for Good’s behalf and recharged these costs to Laureus Sport for Good Foundation.” — page 35
“Donations from the founding patron Richemont, and it’s related entities, was €1,470,182 (2023: €914,999).” — page 35
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Richemont and related entities provided donations totaling €1,470,182.
“During the financial year ended 31 December 2024, Laureus World Sports Awards Limited paid costs of €236,981 (2023: €207,609) on Laureus Sport for Good’s behalf and recharged these costs to Laureus Sport for Good Foundation.” — page 35
“Donations from the founding patron Richemont, and it’s related entities, was €1,470,182 (2023: €914,999).” — page 35
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Richemont International Limited charged €98,981 for HR and IT services.
“During the financial year ended 31 December 2024, Laureus World Sports Awards Limited paid costs of €236,981 (2023: €207,609) on Laureus Sport for Good’s behalf and recharged these costs to Laureus Sport for Good Foundation.” — page 35
“Donations from the founding patron Richemont, and it’s related entities, was €1,470,182 (2023: €914,999).” — page 35
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Consultancy fees of €78,021 were paid to Luciana Porta, daughter of former trustee Hugo Porta.
“During the financial year ended 31 December 2024, Laureus World Sports Awards Limited paid costs of €236,981 (2023: €207,609) on Laureus Sport for Good’s behalf and recharged these costs to Laureus Sport for Good Foundation.” — page 35
“Donations from the founding patron Richemont, and it’s related entities, was €1,470,182 (2023: €914,999).” — page 35
Per its FY2024 accounts as filed with the Charity Commission.
Trading subsidiary: Laureus Sport for Good Trading Limited
“On 30 March 2006 Laureus Sport for Good Trading Limited (Company Number 05762994) was formed in the UK and is 100% owned by Laureus Sport for Good.” — page 4
Per its FY2024 accounts as filed with the Charity Commission.
Accounts audited by PricewaterhouseCoopers LLP. Discloses 4 of 6 completeness components.
In the news
Recent coverage mentioning this charity by name (automated match; headlines belong to their publishers).
Public fundraising profile: JustGiving — Laureus Sport for Good Foundation (matched by registered charity number).
Leadership, per the charity’s website
- Sean Fitzpatrick — Chairman of the Laureus World Sports Academy (source)
- Nawal El Moutawakel — Trustee (source)
- Guy Sanan — Trustee (source)
- Missy Franklin — Trustee (source)
- Ken Hitchner — Trustee (source)
Listed on the charity’s own website when we last crawled it; roles may have changed. Pay-band disclosures above are anonymous statutory disclosures and are not attributed to any named individual.
Funders the charity credits
Named as funders/supporters on the charity’s own website (the charity’s claim, distinct from accounts-verified grants).
- Richemont — “Richemont, the Swiss-based luxury goods company, is the founding patron of Laureus, having initially supported to get this unique organisati…” (source page)
- IWC Schaffhausen — “Since 2006, IWC has supported Laureus by launching a special Laureus timepiece on an annual basis. Each year, IWC organises a drawing compet…” (source page)
- Montblanc — “Montblanc has been a proud partner of Laureus, supporting various joint initiatives since the earliest of days.” (source page)
- Mercedes-Benz — “For the past 20 years, Mercedes-Benz has been working with Laureus Sport for Good to support underprivileged children and young people.” (source page)
- Nike — “Nike is powering the future of youth sport - with the vision of an active, inclusive world that inspires all youth to play and achieve their…” (source page)
- The SOL Foundation — “The SOL Foundation is using the power of sport to contribute towards and to enhance the prospects of underprivileged and vulnerable young pe…” (source page)
- Altrad Solidarity — “Altrad Solidarity, the Altrad Group's endowment fund, support projects that give wings to people left behind and mobilizes Altrad Group empl…” (source page)
- Foundation de France — “Created over 50 years ago, Fondation de France is the leading philanthropy network in France. As a completely independent foundation, offici…” (source page)
- Gumball 3000 Foundation — “The Gumball 3000 Foundation was launched in 2013 to harness the collective power of the Gumball 3000 rally's 6,000+ alumni members and its c…” (source page)
- H&M Move — “H&M Move is H&M's dedicated activewear brand. Through their "Move Together" community program, H&M Move empowers young people to embrace mov…” (source page)
Public profiles (found on the charity’s own website): facebook · instagram
Structured financials (annual return, FY ending 31/12/2024)
Cost of raising funds
£1.5m
Reported reserves equal ~11.0 months of spending — in the top quarter for charities its size (median 4.8 months; benchmarks).
Per its annual return, largest income source: Donations and legacies (100% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.
Per its annual return, cost of raising funds: 26.6% of total income — in the top quarter for charities its size (median 5.2%) (benchmarks).
- Dr GUY RESTOM SANAN
- Kenneth Walton Hitchener III
- Melissa Johnson
- Nawal El Moutawakel
- SEAN BRIAN THOMAS FITZPATRICK
Trustee list from the Charity Commission register (current, not historical).
Operates in: Afghanistan · Argentina · Australia · Brazil · Burma · Cambodia · Cheshire East · Colombia · Cyprus · Ethiopia · France · Germany
Income and spending
Common questions
Is LAUREUS SPORT FOR GOOD FOUNDATION financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a net surplus of €536,733 for the year ended 31 December 2024, following a loss in the previous year. However, the trustees note that the unrestricted reserves of €731,494 are below the stated policy target of €1,200,000, prompting management to embed cost controls and seek new funding sources. The auditors confirmed that resources are adequate for at least twelve months from the date of signing, with no material uncertainties identified regarding the going concern basis. Its FY2024 accounts were audited by PricewaterhouseCoopers LLP.
Who funds LAUREUS SPORT FOR GOOD FOUNDATION?
Funders whose own accounts filings name LAUREUS SPORT FOR GOOD FOUNDATION as a grant recipient include GUMBALL 3000 FOUNDATION LTD, TACKLE AFRICA, CBRE UK CHARITABLE TRUST.
Known funders
Grants to this charity found in funders’ own accounts filings.
Government & lottery funding
Grants to this charity published as open data by government and lottery funders (360Giving).
Funders of similar charities
Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.
Charities like this
Semantically similar by activities and financial character, from our analysed corpus. Compare with SPORTING FOUNDATION.
Side by side with its peers
Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.