LEICESTER RIDERS FOUNDATION

Registered charity 1161638 · accounts filings on the Charity Commission register · filing overdue (register status)

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

The charity’s charitable objects and area of benefit, quoted from its governing document as held on the Charity Commission register.

Causes: General Charitable Purposes · The Advancement Of Health Or Saving Of Lives · Disability · The Prevention Or Relief Of Poverty · Amateur Sport · website · Get email alerts

Registered contact address: Leicester, East Midlands, England (from the postcode on the register)

Latest income
£2.2m
Latest spending
£2.2m
Registered
2015
Accounts read
FY2024

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.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Reserves policy: three months fixed operating costs (reserves figure: £3.4m)
“The Foundation's policy on reserves is that sufficient reserves should be maintained to cover at least three months fixed operating costs” — page 6
Per its FY2024 accounts as filed with the Charity Commission.
Going concern: material uncertainty disclosed
“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
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Loan to Leicester Basketball Limited
“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
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Loan from trustee/connected party
“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
Per its FY2024 accounts as filed with the Charity Commission.
Trading subsidiary: Leicester Community Sports Arena Limited
“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
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Duncan & Toplis Audit Limited. Discloses 4 of 6 completeness components.

Policies the charity declares

In its annual return the charity told the Commission that it has the policies listed below. This is self-declared: it is not verified by the Commission or by this site, and it is not evidence of how a policy works in practice.

From the charity’s annual return (Part A, self-declared)

Answers and figures the charity gave in Part A of its annual return to the Charity Commission. They are self-declared: not verified by the Commission or by this site. Only positive answers and figures are listed; items not listed are simply not shown.

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

Source: this charity’s annual returns on the Charity Commission register.

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).

Due and received dates as recorded in the Commission’s annual-return data; the data does not say whether an extension was agreed. Source: this charity’s annual returns on the Charity Commission register.

Public fundraising profile: JustGiving — Leicester Riders Foundation (matched by registered charity number).

Public-sector contracts awarded

From the official Contracts Finder and Find a Tender notices (supplier matched by exact registered name). Contract income is distinct from grants.

BuyerContractAwardedValue
Leicestershire County CouncilHAF Easter 2026 - Holiday Club Provision04/02/2026£200k
Leicestershire County CouncilHAF Summer 2025 - Holiday Club Provision13/05/2025£800k

Structured financials (annual return, FY ending 30/11/2024)

Total income
£2.2m
Total spending
£2.2m
Cost of raising funds
£1.8m
Reserves (reported)
£3.4m
Employees
33

Reported reserves equal ~18.2 months of spending — in the top quarter for charities its size (median 4.7 months; benchmarks).

Per its annual return, largest income source: Other trading activities (79% 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: 80.1% of total income — above the 90th percentile for charities its size (median 5.3%) (benchmarks).

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Leicester City · Leicestershire

Income and spending

Financial year endIncomeSpending
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

Grants to this charity found in funders’ own accounts filings.

FunderYearAmountPurpose (as stated by the funder)
THE IAN AND CLARE MATTIOLI CHARITABLE TRUSTFY2025£42kCharitable activities
THE IAN AND CLARE MATTIOLI CHARITABLE TRUSTFY2024£37k
THE IAN AND CLARE MATTIOLI CHARITABLE TRUSTFY2023£14k

Government & lottery funding

Grants to this charity published as open data by government and lottery funders (360Giving).

FunderDateAmountPurpose
Sport England01/06/2020£10kCOVID-19 CEF
The National Lottery Community Fund04/02/2020£1kEverybody Active
The National Lottery Community Fund03/02/2020£10kActive Ageing

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 LEICESTER TIGERS FOUNDATION.

Side by side with its peers

CharityIncomeTop pay bandStaff >£60kReserves vs policyFundraising costGoing concern
LEICESTER RIDERS FOUNDATION£2.2m——unclear—material uncertainty
LEICESTER TIGERS FOUNDATION FY2025£432k—0unclear—no doubt
LONDON BASKETBALL ASSOCIATION FY2025£429k—0unclear—no doubt
CHESHIRE GHOST RIDERS FY2024£35k—0unclear—no doubt
DERBY TRAILBLAZERS BASKETBALL CLUB FY2025£296k—0unclear—no doubt
LEICESTER TIGERS WHEELCHAIR RUGBY CLUB FY2026£148k——unclear—no doubt

Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.