LONDON THUNDER BASKETBALL CLUB
Provide activities which benefit the community and in particular to provide diversionary activities for disadvantaged young people living in the inner city of London. The company aims to reach those young people who do not normally have access to high quality coaching programmes. Young people will benefit from positive role models and the opportunity
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net deficit of £71,932 for the year, resulting in a decrease in unrestricted reserves from £174,937 to £103,005. The trustees maintain a reserves policy of six months of unrestricted expenditure, which is currently above the actual held reserves. The trustees confirm the charity is a going concern with sufficient resources to meet liabilities as they fall due.
What the accounts disclose
“The Trustees aim to maintain free reserves in unrestricted funds of six months of unrestricted expenditure.” — page 8
“Two trustees also received a total of £30,292 (2024: £31,684) for coaching services through their company, which was also considered to be reasonable and in the best interests of the charity.”
“Two trustees also received a total of £30,292 (2024: £31,684) for coaching services through their company, which was also considered to be reasonable and in the best interests of the charity.”
Trustees
- ADELAINE NIETZOLD
- Angela Loum
- Dejan Paunovic
- NIKKI SEALY B.ED, M.A.
- Neil Clark
- PETER LANG
- PETER MARK BISHAI BSC MSB
- Steven Bucknall
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/07/2025 | £177k | £249k |
| 31/07/2024 | £230k | £224k |
| 31/07/2023 | £253k | £183k |
| 31/07/2022 | £201k | £179k |
| 31/07/2021 | £338k | £288k |
Common questions
Is LONDON THUNDER BASKETBALL CLUB financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a net deficit of £71,932 for the year, resulting in a decrease in unrestricted reserves from £174,937 to £103,005. The trustees maintain a reserves policy of six months of unrestricted expenditure, which is currently above the actual held reserves. The trustees confirm the charity is a going concern with sufficient resources to meet liabilities as they fall due. Its FY2025 accounts were independently examined.
Who funds LONDON THUNDER BASKETBALL CLUB?
Funders whose own accounts filings name LONDON THUNDER BASKETBALL CLUB as a grant recipient include WELLINGTON MANAGEMENT UK FOUNDATION.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| WELLINGTON MANAGEMENT UK FOUNDATION | FY2022 | £50k | |
| WELLINGTON MANAGEMENT UK FOUNDATION | FY2024 | £40k | |
| WELLINGTON MANAGEMENT UK FOUNDATION | FY2021 | £20k | |
| WELLINGTON MANAGEMENT UK FOUNDATION | FY2023 | £7k |
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| Sport England | 18/10/2023 | £41k | Places and Spaces; court 2 replacement |
| Sport England | 18/04/2023 | £0 | Places and Spaces (Crowdfunding) |
| Sport England | 23/08/2021 | £15k | Venue modernisation |
| The National Lottery Community Fund | 12/03/2021 | £10k | Return to Play |
| Sport England | 30/09/2020 | £4k | Toyota Parasport Fund - Multi Sport Project |
| Sport England | 02/06/2020 | £10k | COVID-19 CEF |
| Sport England | 11/03/2020 | £158k | Venue modernisation |
| Greater London Authority | 03/02/2015 | £2k | Grant to London Thunder Basketball |