LEICESTER RIDERS FOUNDATION
The Foundation delivers programmes around both basketball and a wider social agenda in Leicester and Leicestershire. These programmes are delivered in partnership with private, public and third sector. The programmes cover a wide scope of activity, including including basketball participation, player pathway , working with disability, education related, healthy living and social inclusion
Objects
1. TO PROMOTE COMMUNITY PARTICIPATION IN SPORT AND RECREATION BY THE PROVISION OF SERVICES AND FACILITIES TO IMPROVE PEOPLE’S HEALTH2. TO FURTHER OR BENEFIT PEOPLE WITHOUT DISTINCTION OF SEX, SEXUAL ORIENTATION, RACE OR OF POLITICAL, RELIGIOUS OR OTHER OPINIONS BY ASSOCIATING TOGETHER THE PEOPLE AND ORGANISATIONS IN A COMMON EFFORT TO ADVANCE EDUCATION AND TO PROVIDE FACILITIES IN THE INTERESTS OF SOCIAL WELFARE FOR RECREATION AND LEISURE TIME OCCUPATION WITH THE OBJECTIVE OF IMPROVING THE CONDITIONS OF LIFE OF THOSE PEOPLE.3. FOR THE PUBLIC BENEFIT TO PROMOTE EDUCATION (INCLUDING SOCIAL AND PHYSICAL TRAINING) OF PEOPLE IN SUCH WAYS AS THE CHARITY SEES FIT4. TO PROMOTE SOCIAL INCLUSION FOR THE PUBLIC BENEFIT BY PREVENTING PEOPLE FROM BECOMING SOCIALLY EXCLUDED, RELIEVING THE NEEDS OF THOSE PEOPLE WHO ARE SOCIALLY EXCLUDED AND ASSISTING THEM TO INTEGRATE INTO SOCIETY. FOR THE PURPOSE OF THIS CLAUSE ‘SOCIALLY EXCLUDED’ MEANS BEING EXCLUDED FROM SOCIETY, OR PART OF SOCIETY, AS A RESULT OF BEING A MEMBER OF A SOCIALLY AND ECONOMICALLY DEPRIVED COMMUNITY5. TO PROMOTE EQUALITY AND DIVERSITY FOR THE PUBLIC BENEFIT BY PROMOTING ACTIVITIES TO FOSTER UNDERSTANDING BETWEEN PEOPLES OF DIVERSE BACKGROUNDS
Financial health, per its FY2024 accounts
The accounts state that the charity incurred a net deficit of £48,377 for the year ended 30 November 2024 and held net current liabilities of £957,989. The auditors identified a material uncertainty regarding the group's ability to continue as a going concern, although the trustees maintain they have adequate resources for the foreseeable future. Total unrestricted reserves stood at £3,416,430 against a policy target of three months' fixed operating costs.
What the accounts disclose
“The Foundation's policy on reserves is that sufficient reserves should be maintained to cover at least three months fixed operating costs” — page 6
“We draw attention to Note 2 in the financial statements, which indicates that the group incurred a net deficit of £48,377 during the year ended 30 November 2024 and, as of that date, the group had net current liabilities of £957,989. As stated in Note 2, these events or Conditions, along with other matters as set forth in Note 2, indicate that a material uncertainty exists that may cast significant doubt on the group's ability to continue as a going concern.” — page 10
“During the period, the charity made a loan of £12,524 to Leicester Basketball Limited, a company controlled by two of the trustees. The total balance outstanding is £178,765 (2023: £166,241). This loan is interest free and repayable on demand.” — page 42
“Included within other creditors due in more than 4 year is a loan of £1,175,481 (2023: £1,175,481 ). The loan is interest free and repayable with a minimum of 53 weeks’ notice.” — page 42
“During the period, the charity made a loan of £12,524 to Leicester Basketball Limited, a company controlled by two of the trustees. The total balance outstanding is £178,765 (2023: £166,241). This loan is interest free and repayable on demand.” — page 42
“Included within other creditors due in more than 4 year is a loan of £1,175,481 (2023: £1,175,481 ). The loan is interest free and repayable with a minimum of 53 weeks’ notice.” — page 42
“The Foundation's subsidiary undertaking, Leicester Community Sports Arena Limited, has constructed and manages the operation of a purpose-built sports arena in Leicester.” — page 4
Policies the charity declares
- Bullying and harassment policy and procedures
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Paying staff
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
- Trustee conflicts of interest policy and procedures
- Volunteer management
From the charity’s annual return (Part A, self-declared)
Self-declared on the annual return for the financial year ending 30/11/2024
- Volunteers: 40
- Government income: £50,000 — grants £50,000 (4); 2% of the £2,200,550 total gross income on the same return
- Has a trading subsidiary
Self-declared on the annual return for the financial year ending 30/11/2023
- Volunteers: 35
- Government income: £35,391 — contracts £19,745 (2), grants £15,646 (6); 2% of the £2,244,943 total gross income on the same return
- Has a trading subsidiary
Self-declared on the annual return for the financial year ending 30/11/2022
- Volunteers: 30
- Government income: £106,000 — grants £106,000 (8); 3% of the £3,426,022 total gross income on the same return
- Has a trading subsidiary
Annual return filing dates (Charity Commission record)
Of its last 4 annual returns with a recorded received date, 3 were received after the due date: year ending 30/11/2024 (received 13/12/2025, 74 days after the 30/09/2025 due date); year ending 30/11/2023 (received 01/08/2025, 305 days after the 30/09/2024 due date); year ending 30/11/2022 (received 01/01/2024, 93 days after the 30/09/2023 due date).
1 further annual return is past its due date with no recorded received date (Charity Commission register).
Public-sector contracts awarded
| Buyer | Contract | Awarded | Value |
|---|---|---|---|
| Leicestershire County Council | HAF Easter 2026 - Holiday Club Provision | 04/02/2026 | £200k |
| Leicestershire County Council | HAF Summer 2025 - Holiday Club Provision | 13/05/2025 | £800k |
Structured financials (annual return, FY ending 30/11/2024)
Trustees
- Leanne Hathaway
- MARK ELLIS
- MR KEVIN TIMOTHY ROUTLEDGE
- SIMON WINFIELD
- STEVEN MUGGLESTONE BA FCA
- Vipal Karavadra
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/11/2025 | — | — |
| 30/11/2024 | £2.2m | £2.2m |
| 30/11/2023 | £2.2m | £2.4m |
| 30/11/2022 | £3.4m | £3.0m |
| 31/05/2021 | £431k | £395k |
Common questions
Is LEICESTER RIDERS FOUNDATION financially healthy?
Per its FY2024 accounts: The accounts state that the charity incurred a net deficit of £48,377 for the year ended 30 November 2024 and held net current liabilities of £957,989. The auditors identified a material uncertainty regarding the group's ability to continue as a going concern, although the trustees maintain they have adequate resources for the foreseeable future. Total unrestricted reserves stood at £3,416,430 against a policy target of three months' fixed operating costs. Its FY2024 accounts were audited by Duncan & Toplis Audit Limited.
Who funds LEICESTER RIDERS FOUNDATION?
Funders whose own accounts filings name LEICESTER RIDERS FOUNDATION as a grant recipient include THE IAN AND CLARE MATTIOLI CHARITABLE TRUST.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| THE IAN AND CLARE MATTIOLI CHARITABLE TRUST | FY2025 | £42k | Charitable activities |
| THE IAN AND CLARE MATTIOLI CHARITABLE TRUST | FY2024 | £37k | |
| THE IAN AND CLARE MATTIOLI CHARITABLE TRUST | FY2023 | £14k |
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| Sport England | 01/06/2020 | £10k | COVID-19 CEF |
| The National Lottery Community Fund | 04/02/2020 | £1k | Everybody Active |
| The National Lottery Community Fund | 03/02/2020 | £10k | Active Ageing |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| The Keith Howard Foundation | 1 | £130k |
| GRAHAM ROWLANDSON FOUNDATION | 1 | £105k |
| THE RISMAN FOUNDATION | 1 | £60k |
| THE LONDON MARATHON CHARITABLE TRUST LIMITED | 1 | £59k |
| BEYOND SPORT FOUNDATION | 1 | £36k |
| THE BERYL EVETTS AND ROBERT LUFF ANIMAL WELFARE TRUST LIMITED | 1 | £14k |
| WESTMINSTER AMALGAMATED CHARITY | 1 | £10k |
| ST GILES-IN-THE-FIELDS AND WILLIAM SHELTON EDUCATIONAL CHARITY | 1 | £10k |
Charities like this
- LEICESTER TIGERS FOUNDATION
- LONDON BASKETBALL ASSOCIATION
- CHESHIRE GHOST RIDERS
- DERBY TRAILBLAZERS BASKETBALL CLUB
- LEICESTER TIGERS WHEELCHAIR RUGBY CLUB
- FRIENDS OF LEICESTER CITY FARM LIMITED
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| LEICESTER RIDERS FOUNDATION | £2.2m | — | — | unclear | — | material uncertainty |
| LEICESTER TIGERS FOUNDATION | £432k | — | 0 | unclear | — | no doubt |
| LONDON BASKETBALL ASSOCIATION | £429k | — | 0 | unclear | — | no doubt |
| CHESHIRE GHOST RIDERS | £35k | — | 0 | unclear | — | no doubt |
| DERBY TRAILBLAZERS BASKETBALL CLUB | £296k | — | 0 | unclear | — | no doubt |
| LEICESTER TIGERS WHEELCHAIR RUGBY CLUB | £148k | — | — | unclear | — | no doubt |