Laureus Sport for Good Foundation

FINANCIAL
REPORT
38
FINANCIAL REPORT 2007
The following two pages are an extract from the Laureus Sport for Good Foundation Report and Financial Statements for the
year ended 31 December 2007. These pages are provided for information purposes only. A full and complete version, including an
audit report, is available on request from our registered office at 15 Hill Street, London, W1J 5QT or on our website,
www.laureus.com or through the Charity Commission.
LAUREUS SPORT FOR GOOD FOUNDATION CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2007
Income and expenditure
Incoming resources from generated funds
Unrestricted Restricted
Funds Funds Total Total
2007 2007 2007 2006
Notes € € € €
Donations 2 2,319,981 490,913 2,810,894 2,223,815
Total incoming resources 2,319.981 490,913 2,810,894 2,223,815
Resources expended
Cost of generating funds
Fundraising Costs 3 119,157 23,940 143,097 121,930
Charitable Activities
Project Grants 4 1,441,293 466,973 1,908,266 1,785,044
Promotion & Awareness 5 211,607 - 211,607 248,528
Governance Costs 6 59,155 - 59,155 45,103
Total resources expended 1,831,212 490,913 2,322,125 2,200,605
-
Net income 488,769 - 488,769 23,210
Fund balances brought forward 23,210 - 23,210 -
Fund balances carried forward
as at 31 December 2007 12 511,979 - 511,979 23,210
The accounts are prepared in Euros as the Trustees consider this to be the functional currency of the Foundation.
All of the above results relate to continuing activities. All gains and losses recognised in the year are included above.
The notes on pages 10 to 15 form part of these financial statements.
L A U R E U S S P O R T F O R G O O D F O U N D A T I O N A N N U A L R E V I E W