BALLY'S FOUNDATION

Charity Number: 1188099
Removed charity

Charity overview

Activities - how the charity spends its money

The purposes of the Foundation are to preserve and protect the health of persons suffering, or at risk of suffering, from mental health issues. The Foundation furthers its charitable purposes for the public benefit through its grant-making policy.

Income and expenditure

Data for financial year ending 31 December 2022

Total income:
£777,468

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Donations and legacies £777.47k
Charitable activities £0
Other trading activities £0
Investments £0
Other £0

Total expenditure:
£856,539

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Raising funds £0
Charitable activities £856.54k
Other £0

£0 investments gains (losses)

Charitable expenditure

Charitable expenditure

Some charities generate all, or a substantial part, of their income from investments which may have been donated to the charity as endowment or set aside by the charity from its own resources in the past. Such investments usually take the form of stocks and shares but may include other assets, such as property, that are capable of generating income and/or capital growth.

In managing their spending and investments charities need to strike a balance between the needs of future and current beneficiaries. They also need to take account of spending commitments that may stretch over a number of future years. To do this, charities will normally adopt an investment strategy designed to generate both income and capital growth. To maximise returns trustees may commit to investment strategies for several years.

Investments can experience large swings in value so trustees may, in a particular year, decide to realise and spend part of their charity’s capital or to invest part of its income.

By clicking the investment gains checkbox the charitable spending bar is adjusted to take account of capital growth as well as income. This shows the balance the charity is striking, between spending on current beneficiaries and retaining resources for future beneficiaries.

Text alternative for this canvas graphic is in the data table below.
Raising funds and other expenditure £0
Charitable expenditure £856.54k

Fundraising

This charity does not raise funds from the public

Trading

This charity does not have any trading subsidiaries.

Trustee payments

No trustees receive any remuneration, payments or benefits from the charity.

What, who, how, where

Main way of carrying out purposes is grant making
What the charity does:
  • Education/training
  • The Advancement Of Health Or Saving Of Lives
  • Disability
  • The Prevention Or Relief Of Poverty
Who the charity helps:
  • Elderly/old People
  • People With Disabilities
  • Other Defined Groups
  • The General Public/mankind
How the charity helps:
  • Makes Grants To Individuals
  • Makes Grants To Organisations
  • Provides Services
  • Provides Advocacy/advice/information
  • Acts As An Umbrella Or Resource Body
Where the charity operates:
  • Throughout England And Wales
  • Canada
  • Ceuta
  • Estonia
  • Gibraltar
  • Hong Kong
  • Isle Of Man
  • Malta
  • Philippines
  • Spain
  • Sweden
  • United States
  • Uruguay

Governance

Registration history:
  • 20 February 2020: CIO registration
  • 13 January 2025: Removed (Removed by application)
  • 13 January 2025: Funds transferred to
Organisation type:
CIO
Other names:
  • GAMESYS FOUNDATION (Previous name)
Gift aid:
Not recognised by HMRC for gift aid
Other regulators:
No information available
Policies:
  • Conflicting interests
  • Risk management
Land and property:
This charity does not own and/or lease land or property

Financial history

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Financial period end date

Income / Expenditure 31/12/2020 31/12/2021 31/12/2022
Total gross income £2.29m £1.82m £777.47k
Total expenditure £1.49m £2.10m £856.54k
Income from government contracts N/A N/A N/A
Income from government grants N/A N/A N/A
Income - Donations and legacies £2.29m £1.82m £777.47k
Income - Other trading activities £0 £0 £0
Income - Charitable activities £0 £0 £0
Income - Endowments £0 £0 £0
Income - Investment £0 £0 £0
Income - Other £0 £0 £0
Income - Legacies £0 £0 £0
Expenditure - Charitable activities £1.49m £2.10m £856.54k
Expenditure - Raising funds £0 £0 £0
Expenditure - Governance £0 £8.82k £5.10k
Expenditure - Grants institution £1.49m £2.07m £832.59k
Expenditure - Investment management £0 £0 £0
Expenditure - Other £0 £0 £0

Assets and liabilities

Definitions for assets and liabilities
Own use assets

These are assets, other than investments, which are held for more than 12 months and used to run and administer the charity such as buildings, offices, exhibits and fixtures and fittings.

Long term Investments

Investments are assets held by the charity with the sole aim of generating income which will be used for their charitable purposes such as deposit accounts, shares, rental property and unit trusts.
Investment assets are re-valued every year and included in the balance sheet at their current market value.
Long term investments are held for more than 12 months.

Other assets

These are assets held generally for less than 12 months such as cash and bank balances, debtors, investments to be sold within the coming year and trading stock.

Defined benefit pension scheme asset or liability

This is a surplus or deficit in any defined benefit pension scheme operated and represents a potential long-term asset or liability.

Total liabilities

These are all the amounts owed by the charity at the balance sheet date to third parties such as bills due but not yet paid, bank overdrafts and loans and mortgages.

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Asset / Liability 31/12/2020 31/12/2021 31/12/2022
Own use assets £0 £0 £0
Long-term investments £0 £0 £0
Other assets £1.25m £2.03m £1.67m
Defined benefit pension scheme asset or liability £0 £0 £0
Total liabilities £448.52k £1.50m £1.23m

Accounts and annual returns

This table shows the charity's record of submitting annual returns, accounts and trustees' annual report (TAR) for the last five financial periods.
Title Reporting year Date received Received Download
Annual return 31 December 2023 Overdue Charity reporting is overdue by 201 days
Accounts and TAR 31 December 2023 Overdue Charity reporting is overdue by 201 days
Annual return 31 December 2022 31 October 2023 On Time
Accounts and TAR 31 December 2022 31 October 2023 On Time
Annual return 31 December 2021 05 August 2022 On Time
Accounts and TAR 31 December 2021 05 August 2022 On Time
Annual return 31 December 2020 15 October 2021 On Time
Accounts and TAR 31 December 2020 15 October 2021 On Time
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Governing document

Details of the type of governing document the charity has and when it was established.
It is not the full text of the charity's governing document.

CIO - ASSOCIATION Registered 20 Feb 2020 as amended on 16 Feb 2022

Charitable objects

TO ADVANCE SUCH CHARITABLE PURPOSES (ACCORDING TO THE LAW OF ENGLAND AND WALES) AS THE TRUSTEES SEE FIT FROM TIME TO TIME IN PARTICULAR BUT NOT LIMITED TO PRESERVING AND PROTECTING THE HEALTH OF PERSONS SUFFERING, OR AT RISK OF SUFFERING, FROM MENTAL HEALTH ISSUES BY MAKING GRANTS TO RELIEVE THEIR NEEDS AND MAKING GRANTS TO SUPPORT RESEARCH RELATING TO MENTAL HEALTH. FOR THE PURPOSES OF THE ABOVE, "MENTAL HEALTH ISSUES" MEANS MENTAL ILL-HEALTH OF ALL KINDS, INCLUDING BUT NOT LIMITED TO ADDICTION, OR CONDITIONS OF EMOTIONAL OR MENTAL DISTRESS REQUIRING ADVICE OR TREATMENT