BEYOND SPORT FOUNDATION
Financial health, per its FY2023 accounts
The accounts state that the charity ended the year with net liabilities of £83,888, resulting in a deficit on unrestricted funds. The trustees rely on financial support from Benchmark Sport Holdings Limited to meet liabilities as they fall due, noting that this reliance creates a material uncertainty regarding going concern. Despite the deficit, the trustees believe the charity has adequate resources to continue in operational existence for the foreseeable future based on this support and financial projections.
What the accounts disclose
“There is a deficit on unrestricted funds of £83,888 (2022 - a deficit of £250,214).”
“We draw attention to note 1.2 in the financial statements which indicates that while the trustees have a reasonable expectations that the charity will continue in operational existence for the foreseeable future, there is a reliance on external funding from the Benchmark Group. The fact that this funding is not legally binding gives rise to a material uncertainty relating to going concern.” — page 11
“The charity received £147,936 service charge income from a non for profit organisation under same management and incurred £35,436 service charge expenses from Company C under the control of N Keller.” — page 27
“Benchmark Sport Holdings Limited, a company with directors that are also trustees of Beyond Sport Foundation, has agreed to provide financial support to the charity so that it can meet its liabilities as they fall due, for at least twelve months from the date of approval of the financial statements.”
“The charity received £147,936 service charge income from a non for profit organisation under same management and incurred £35,436 service charge expenses from Company C under the control of N Keller.” — page 27
“Benchmark Sport Holdings Limited, a company with directors that are also trustees of Beyond Sport Foundation, has agreed to provide financial support to the charity so that it can meet its liabilities as they fall due, for at least twelve months from the date of approval of the financial statements.”
“The charity received £147,936 service charge income from a non for profit organisation under same management and incurred £35,436 service charge expenses from Company C under the control of N Keller.” — page 27
“Benchmark Sport Holdings Limited, a company with directors that are also trustees of Beyond Sport Foundation, has agreed to provide financial support to the charity so that it can meet its liabilities as they fall due, for at least twelve months from the date of approval of the financial statements.”
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Alexandra Chalat
- Ambassador A- Shabazz
- Cameron Rogers
- Caryl Stern
- John Gleasure
- Lisa Nelson
- NICHOLAS FRANK KELLER
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £1.9m | £1.9m |
| 31/12/2023 | £2.6m | £2.5m |
| 31/12/2022 | £1.2m | £1.4m |
| 31/12/2021 | £2.0m | £2.2m |
| 30/06/2020 | £310k | £322k |
Common questions
Is BEYOND SPORT FOUNDATION financially healthy?
The accounts state that the charity ended the year with net liabilities of £83,888, resulting in a deficit on unrestricted funds. The trustees rely on financial support from Benchmark Sport Holdings Limited to meet liabilities as they fall due, noting that this reliance creates a material uncertainty regarding going concern. Despite the deficit, the trustees believe the charity has adequate resources to continue in operational existence for the foreseeable future based on this support and financial projections. Its FY2023 accounts were audited by Gilberts Chartered Accountants.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| GARFIELD WESTON FOUNDATION | 1 | £200k |
| THE WESTMINSTER FOUNDATION | 1 | £134k |
| CENTRE FOR AGEING BETTER LIMITED | 1 | £60k |
| RACHEL CHARITABLE TRUST | 1 | £50k |
| Point North Community Foundation | 1 | £28k |
| CBRE UK CHARITABLE TRUST | 1 | £500 |