BRITISH OLYMPIC FOUNDATION
Latest income
£1.2m
Latest spending
£1.6m
Registered
2007
Accounts read
FY2025
Financial health, per its FY2025 accounts
The accounts state that the charity held unrestricted reserves of £206,682, which the Trustees consider to represent 12 months of day-to-day expenditure, meeting their stated policy target. However, the charity reported a net expenditure of £448,857 for the year, resulting in a decrease in total net assets from £702,576 to £253,719. The Trustees note that the increase in deficit relates to the timing of spend versus income and one-off investments related to a change in delivery partner, forecasting a surplus for 2026.
What the accounts disclose
Going concern: noted by the trustees or auditor
“The principal uncertainties for the Foundation are those surrounding the unpredictable nature of funding and revenue. Without sufficient funding, its projects would have to be cut back or put on hold.” — page 6
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: The Foundation received a donation of £84,640 (2024: £81,875) from the British Olympic Association in respect of staff who are employees of the BOA but who provide some of their services to the Foundation. The Foundation also received £225,000 (2024: £135,000) nonrestricted cash from the BOA, £25,000 restricted cash from the BOA (2024: nil) and £21,216 (2024: £27,011) contribution to BOF overheads in relation to various Get Set projects related to BOA Sponsors. A further £50,000 restricted cash donation was also received from the BOA which is included within deferred income at 31 December 2025 for 2026 and 2027 Get Set Core contributions.
“The Foundation received a donation of £84,640 (2024: £81,875) from the British Olympic Association in respect of staff who are employees of the BOA but who provide some of their services to the Foundation. The Foundation also received £225,000 (2024: £135,000) nonrestricted cash from the BOA, £25,000 restricted cash from the BOA (2024: nil) and £21,216 (2024: £27,011) contribution to BOF overheads in relation to various Get Set projects related to BOA Sponsors. A further £50,000 restricted cash donation was also received from the BOA which is included within deferred income at 31 December 2025 for 2026 and 2027 Get Set Core contributions.” — page 32
“The Foundation received £45,000 in 2025 from the British Paralympic Association (2024: 25,000), split between a £25,000 restricted donation towards Get Set Core and a £20,000 unrestricted donation. The Chair is a Director of the British Paralympic Association.” — page 32
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: The Foundation received £45,000 in 2025 from the British Paralympic Association (2024: 25,000), split between a £25,000 restricted donation towards Get Set Core and a £20,000 unrestricted donation. The Chair is a Director of the British Paralympic Association.
“The Foundation received a donation of £84,640 (2024: £81,875) from the British Olympic Association in respect of staff who are employees of the BOA but who provide some of their services to the Foundation. The Foundation also received £225,000 (2024: £135,000) nonrestricted cash from the BOA, £25,000 restricted cash from the BOA (2024: nil) and £21,216 (2024: £27,011) contribution to BOF overheads in relation to various Get Set projects related to BOA Sponsors. A further £50,000 restricted cash donation was also received from the BOA which is included within deferred income at 31 December 2025 for 2026 and 2027 Get Set Core contributions.” — page 32
“The Foundation received £45,000 in 2025 from the British Paralympic Association (2024: 25,000), split between a £25,000 restricted donation towards Get Set Core and a £20,000 unrestricted donation. The Chair is a Director of the British Paralympic Association.” — page 32
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: In 2025 the Foundation made a grant to Our Parks Ltd of nil (2024: £5,000) to deliver a Path to Paris event as part of the Sport England project. Born Barikor is the sole director and a Foundation trustee.
“The Foundation received a donation of £84,640 (2024: £81,875) from the British Olympic Association in respect of staff who are employees of the BOA but who provide some of their services to the Foundation. The Foundation also received £225,000 (2024: £135,000) nonrestricted cash from the BOA, £25,000 restricted cash from the BOA (2024: nil) and £21,216 (2024: £27,011) contribution to BOF overheads in relation to various Get Set projects related to BOA Sponsors. A further £50,000 restricted cash donation was also received from the BOA which is included within deferred income at 31 December 2025 for 2026 and 2027 Get Set Core contributions.” — page 32
“The Foundation received £45,000 in 2025 from the British Paralympic Association (2024: 25,000), split between a £25,000 restricted donation towards Get Set Core and a £20,000 unrestricted donation. The Chair is a Director of the British Paralympic Association.” — page 32
Per its FY2025 accounts as filed with the Charity Commission.
Year-over-year changes
- Going concern: no going-concern doubt (FY2024) → going-concern doubt noted (FY2025).
Structured financials (annual return, FY ending 31/12/2025)
Total income
£1.2m
Total spending
£1.6m
Reserves (reported)
£254k
Employees
0
Trustees
- ALISTAIR BROWNLEE
- Bornmene Barikor
- Catherine Ferry
- David Ross
- Lauren Steadman
- Samuel Shave
- Shahab Uddin
- Victoria Karen Griffiths
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £1.2m | £1.6m |
| 31/12/2024 | £1.5m | £1.6m |
| 31/12/2023 | £1.9m | £1.9m |
| 31/12/2022 | £972k | £928k |
| 31/12/2021 | £1.5m | £1.4m |
Common questions
Is BRITISH OLYMPIC FOUNDATION financially healthy?
The accounts state that the charity held unrestricted reserves of £206,682, which the Trustees consider to represent 12 months of day-to-day expenditure, meeting their stated policy target. However, the charity reported a net expenditure of £448,857 for the year, resulting in a decrease in total net assets from £702,576 to £253,719. The Trustees note that the increase in deficit relates to the timing of spend versus income and one-off investments related to a change in delivery partner, forecasting a surplus for 2026. Its FY2025 accounts were audited by BDO LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| CBRE UK CHARITABLE TRUST | 2 | £750 |
| CEO SLEEPOUT | 1 | £5k |
| THE ASTOR FOUNDATION | 1 | £2k |