THE SPORTS COUNCIL FOR WALES TRUST
Financial health, per its FY2025 accounts
The accounts state that the Trust is a non-operating entity with no cash transactions, relying entirely on notional grants from its parent, the Sports Council for Wales. Per the trustees' report, unrestricted general funds stood at £18,103,000, supported by a revaluation reserve of £720,000, resulting in total unrestricted funds of £18,823,000. The auditor confirmed that the going concern basis of accounting is appropriate with no material uncertainties identified.
What the accounts disclose
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- THE SPORTS COUNCIL FOR WALES
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £1.2m | £452k |
| 31/03/2024 | £615k | £458k |
| 31/03/2023 | £1.7m | £464k |
| 31/03/2022 | £1.9m | £412k |
| 31/03/2021 | £432k | £425k |
Common questions
Is THE SPORTS COUNCIL FOR WALES TRUST financially healthy?
The accounts state that the Trust is a non-operating entity with no cash transactions, relying entirely on notional grants from its parent, the Sports Council for Wales. Per the trustees' report, unrestricted general funds stood at £18,103,000, supported by a revaluation reserve of £720,000, resulting in total unrestricted funds of £18,823,000. The auditor confirmed that the going concern basis of accounting is appropriate with no material uncertainties identified. Its FY2025 accounts were audited by Auditor General for Wales.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE ROGER DE HAAN CHARITABLE TRUST | 1 | £534k |
| THE THOMPSON FAMILY CHARITABLE TRUST | 1 | £155k |