LAUREUS SPORT FOR GOOD FOUNDATION
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.
What the accounts disclose
“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.”
“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
“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
“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
“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
“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
Leadership, per the charity’s website
- Sean Fitzpatrick — Chairman of the Laureus World Sports Academy
- Nawal El Moutawakel — Trustee
- Guy Sanan — Trustee
- Missy Franklin — Trustee
- Ken Hitchner — Trustee
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Dr GUY RESTOM SANAN
- Kenneth Walton Hitchener III
- Melissa Johnson
- Nawal El Moutawakel
- SEAN BRIAN THOMAS FITZPATRICK
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £5.5m | £5.0m |
| 31/12/2023 | £3.6m | £5.4m |
| 31/12/2022 | £6.0m | £5.7m |
| 31/12/2021 | £5.6m | £4.9m |
| 31/12/2020 | £6.0m | £5.8m |
Common questions
Is LAUREUS SPORT FOR GOOD FOUNDATION financially healthy?
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 CBRE UK CHARITABLE TRUST.
Known funders
| Funder | Year | Amount |
|---|---|---|
| CBRE UK CHARITABLE TRUST | FY2025 | £500 |