LEICESTER RIDERS FOUNDATION
Registered charity 1161638 · accounts filings on the Charity Commission register
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
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
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 (held: £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.
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.
Structured financials (annual return, FY ending 30/11/2024)
Cost of raising funds
£1.8m
Reported reserves equal ~18.2 months of spending — in the top quarter for charities its size (median 4.8 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 5.2%) (benchmarks).
- Leanne Hathaway
- MARK ELLIS
- MR KEVIN TIMOTHY ROUTLEDGE
- SIMON WINFIELD · trustee of 2 other charities
- STEVEN MUGGLESTONE BA FCA
- Vipal Karavadra
Trustee list from the Charity Commission register (current, not historical).
Operates in: Leicester City · Leicestershire
Income and spending
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.
Government & lottery funding
Grants to this charity published as open data by government and lottery funders (360Giving).
Funders of similar charities
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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
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