COVENTRY SPORTS FOUNDATION
Financial health, per its FY2023 accounts
The accounts state that the charity reported a net income of £114,869 for the year ended 31 March 2023, driven by a surplus on activities of £271,225 offset by a loss on the revaluation of investments. The charity holds unrestricted reserves of £2,355,223, which the trustees note is below their target of approximately £3.0 million (9 months' payroll), but considers sufficient to meet objectives and continue as a going concern.
What the accounts disclose
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- Alan Michael Shawchair
- Ayaz Maqsood
- David Robert Moorcroft
- Horrabin Jenifer
- Robert Steven Wildman
- Zowie-Jade Gahir
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £12.2m | £11.2m |
| 31/03/2024 | £11.3m | £10.7m |
| 31/03/2023 | £10.1m | £9.8m |
| 31/03/2022 | £8.5m | £7.9m |
| 31/03/2021 | £5.1m | £5.2m |
Common questions
Is COVENTRY SPORTS FOUNDATION financially healthy?
The accounts state that the charity reported a net income of £114,869 for the year ended 31 March 2023, driven by a surplus on activities of £271,225 offset by a loss on the revaluation of investments. The charity holds unrestricted reserves of £2,355,223, which the trustees note is below their target of approximately £3.0 million (9 months' payroll), but considers sufficient to meet objectives and continue as a going concern. Its FY2023 accounts were audited by Dafferns LLP.