Commonwealth Sport Foundation
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves improved to £268,119 from a negative position in the prior year, supported by a £500,000 donation from the Commonwealth Games Federation. The trustees report that reserves are adequate to cover grant commitments and operations, aided by a loan guarantee from the CGF. The charity had no employees during the year and incurred no governance costs related to trustee remuneration.
What the accounts disclose
“The CSF has a reserves policy which states that the reserves are set at a level covering grant commitments, other obligations and 12 months of operations including salaries of staff directly employed by CSF and any staff seconded from any other organisation.” — page 8
“As at 31 March 2024, the CSF owed £312,430 (2023 £368,231) to CGF due to intercompany transactions carried out in the year. These transactions relate to CSF expenses paid by CGF.” — page 20
Year-over-year changes
- Reserves position vs the charity's own policy moved from "below" (FY2023) to "above" (FY2024).
Corporate structure
- Registered company of the charity Companies House 10363544
Structured financials (annual return, FY ending 31/03/2024)
Trustees
- Adrian Lismorechair
- Claire Rhiannon Dias
- Dr Jeya Wilson
- Dr Susan Anna Mitchell
- Gurpreet Bhatia DL
- KYLIE BATES
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £135k | £223k |
| 31/03/2024 | £559k | £418k |
| 31/03/2023 | £333k | £1.8m |
| 31/03/2022 | £1.9m | £1.4m |
| 31/03/2021 | £1.3m | £362k |
Common questions
Is Commonwealth Sport Foundation financially healthy?
The accounts state that unrestricted reserves improved to £268,119 from a negative position in the prior year, supported by a £500,000 donation from the Commonwealth Games Federation. The trustees report that reserves are adequate to cover grant commitments and operations, aided by a loan guarantee from the CGF. The charity had no employees during the year and incurred no governance costs related to trustee remuneration. Its FY2024 accounts were audited by Haysmacintyre LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| ALDRIDGE FOUNDATION CIO | 1 | £131k |
| ALLAN AND NESTA FERGUSON CHARITABLE SETTLEMENT | 1 | £25k |
| THE BLOOM FOUNDATION | 1 | £20k |
| Richmond Foundation | 1 | £10k |
| THE COSARAF CHARITABLE FOUNDATION | 1 | £6k |
| CBRE UK CHARITABLE TRUST | 1 | £500 |