RaglÉtwed numbor. 02713410 Charty numb•r. 1011552 INTERNATIONAL WHEELCHAIR AND AMPUTEE SPORTS FEDERATION (IWAS) company Ilmlted by guarantse) UNAUDrrED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
(A company lirnlted by guarnntee) Balancé shaét 10-21
IA c(mpany limit•d by guarnnio01 REFERENGE AND ALWINISTRAllVE DETAIL8 OF THE COMPANY, ITS TRUSTEE3 AND ADVISERS FOR ThE YEAR ENtED 31 DECEMBER 20x1 T S AlMaul1, Wice Presidert P Rozhkov. 2nd PresKlent K V Nlel8en Ms D Sotiriadi P L Szekeres P DePace, Presxlenl Emert Company reghtsred nwnlxr 13410 Charfty reg19tared number 1011552 BuGkinghamshlre Colege Group. Ayksbury Campu& Cixlord Rt)ad. Athry. Bucinghwnshirg, HP219PD C Hotyer Accountants Hrfkr HW(ins LLP. Rlius I*. 51 Clarth Ro•1 Watford, Herts. WD17 1HP Pa9e I
(A Company lknlled by guarante8) TRUSTEES. REPORT FOR ThE YEAR ENDED 31 DECEMBER 2020 Janw 2020 to 31 Decenw 2020. The Tnth confimi that the Annual Rewrt )d finanual statements of tho Gompany with ts wrent 8t&utory requlremts. the requlrfftnts of the companys goveming document and the proVisiS of thg Slatwnenl Of Recommended PractKe (SORP), applkable to charittas of Ireland (FRS 102) (effectv 1 January 2015) as awKled by Upde Buljetin 1 (tsffedive 1 Jartuary 2015). Sift the clynpany qu 0$ $rn sectKffl 383, requtEpd ol medlurn arKI large requtrn In settiTh3 Cèit1Ves and plnITra kn ad1vi. the Trustees have geTh due consldethn to ts general guidance published by the Chardy Comrri r•kting to public benofiL The wincipal actmtres of IWAS as an hwoyated chwity. 8re the deVd0pm and promoth)n of sporting ppp(xtunities for pwson5 with a phsrycal impairnKnt through the IWAS Workl Game8 programme and the b. ACTMTIES FOR ACHIEVING OWECTIVES Since our fomth in 1951 IWAS has been the Wer of initsabv85 to de 6Wt for persons with physical Impalmt3 to improve their qt• of ffe. We have r h)51 ght of rwr winopI85 or who w9 aTg. and Is flrnily en¢apsuLed In ourV8]uèg". Sport8m8n*, Unity. Resped aThYFrwthhp Am+Jngst OUT WB kt Foundrng ofthe Interna Paralymi¥c Ccfftmfttee (IPC) MAIN ACTMTIES UNDERTAI(EN TO FURThER THE CHARrrY3 PURPOSES FOR PUBUC BENEFrr COVID.19 brought many UneXted ¢Pthnges to 2020. ryth the po8tponement or CanlI8110n of all IWAS glol>aRy. In Nownber we successW held the IWAS Wheelthir FettvJ Sp)rts Congress and elections The Federatlon Is trthe fiftethth wa8 tWA8. 41n 2020, the a l(la ¥Kome of £129.491 (2019: £372212) and ian a net delldt of£96'026, of which £42.769 w&q cn restrwxed reSerS and £53257 cm unre reSeThs (2019 surpkts L86,299). P8ge 2
(A ¢ompany Iwnlted by gwanteo) TRUSTEES, REPORT (contin FOR TrIE YEAR ENDED 31 DECEPABER 2020 Each 8POrt now has a welkestablistied bank &c¢unL This has r¢suRod in ThNJnies18ft in"restrlded funds. havlng Cornbined with th4 a ¢hange trj tho IWAS swt grant mean8 WPel¢hak Feneing and Ptjwerdwir Hockey now keep the trknl amount of IWAS grnnL sp(xts h1 to rBtum unused IWAS grant rw bythe end cf >wto IWA The outco of thes8 ch8ng8s has resufted in an amourt of monw kept in reserrfa havrhg to be wrrtten out of Due to the pandemtc. IWAS Wheekhar F8ncing hothj the onty corn110n of the sear In Eger. Hungary tn February 2020 wh2 IWAS Ptywerchatr Hcthy ) bw 2020 with a success at thg IPCH Euro Stars 2020 Toumament hekl in Lwnano Sabbiadoro. W. Unfrytur•. tl rest of 2020 ¢Ompe1rt calfrndars for both SUCC8SS 8ThJ the biggest IWAS Games ever. Wrth thirteen SP on the programme. 80me ofwhich making thelr debut at an IWAS Games. the excitement for the 8¥t was fett 0$$ the Membership. Urrfortun8toty, this Afthough 220 bwht mary disappointinwts. ww8 atl8 to OVE restiictions ty hcAdlng the first rtUal IWAS Wheelthw Fencing Sports Ccryress. held on 22rKI November resullrig in thg akdton of a new IWAS Wheelchak Fenclng Execuli C<)rnrrth. IWAS WheeIrthar Fly4n9 also irrtrcrflLK*d the IWA8 Wh8elthair Fnng Gorxlw Equity ComnI. Our staff team grew in 2020 and loj the pknwre of members of staff. a$ well as the Tho inability to meet n petson and the Bver4¢nglng nature of the 8ituakn IncrSed the dynam realivty of our Ex¢tiVe Board a)d aff thvough ViTtual Board meetlng5. From thls, fvrther prop09al and ft)rrnal di8CUSSi(Th began tcwRrds a Fthntial IWAS arml CPISR4 rn89r one federakn representing au Flnkntti Y•vlw Is exposed. Page 3
IpirERNATIONALWHEELCHAIR AND AMPUTEE SPORTS FEDERATION (IWAS) (A company Iwnilqd by guarnnteg) TRUSfEES' REpoirr (conthiued) FOR ThE YEAR ENDED 31 DECEMBER 21120 b. RESERVES PO The Directors ha¥e consSJered the Reser¥w position aKI aTe satfij that th8181 of reseprfes Is approprtate and 8LrfrIent to meet IwAs inmediate funding and wothKKJ Wiital requirements. Tho 18vel of resgNes c. DEFICIT A furthgr contrbth to the 2020 dthit is expen8ts that IWAS Iwl to ccfftmit to on behalf of the Tc&yo 2020 Hockey now keep ts to am(Mffit of the WAS Prevu the swts h¥1 to urn any unused IWAS grant MteY by ts end Oleh wto MIA£. Memorandum and Arti(4es as affded on lo2015 and 2 Deca2017. MEfHOD OF AppoIKfMENT OR ELEcfioN OF TRUSTEES last e18Ctions were at the 2017 General A8sembty. held in Monte Gordo. Portug81. The Secretary General the Federation's coMtitU (MKIum & Aitths ofAssociknn and Intemal R8gulaiions). ftpaimIs. As such. the Executive Board MOM 8eBk to ensure that the needs of thL% group are relleced through the diversty of Trustees. wilh all mbe5 a t4c*grThd in I) or more a6pq(#B of 6POrt The persor01 bustness skdls of EXKutI Bi)3 members are taken l)to account when 8llocatffta Page 4
lAcoMnY lknll•d ty 91414•) We E Iwul b) holt an IWAS W0j GTh 2Ql as 8¥ Ivr¥iry evant• 1)8c•Jthr 2021. At thIB tkn. A b ncé p06s•kn a fiy**l on kmgs In 202181 there arn 8tM too
INDEPENDENT EXAMNER% REPORT FOR THE YEAR ENDED 31 DECEklBER 2020 INDEPENDENT EXAMINER'S REpoiYf TO THE TRUSTEES OF IKfERNATIOIIAL WHEELCHAR AND This repcmt is made so to th8 ccryanyg T. 88 a brmty. n accordanea Pat 4 of the Charflles lAceftts and Reports) Regulatbns 2008. My has been Unde so that I might state to the compan8 Truste05 thoEg malt0 l am rpwiwl to 8tae to thom in an I[vJ8pon exam45 report for no other purpose. To the fvlle¥t extgrt Pe11 by law, I do not assume rF$1)ility to anyone other than the company and Ihe cffiipaW8 Tnte03 as a W. frxmyrrf( or f( this reF#)It RESPONSIBILMES AND BASIS OF REPORT As the Trust of the ¢ompany (and its directors the purposes of compary lav) you are re$1$1b1e for the preparatton ofthe accounts in accor with the requirements ofthe Companieg Act 21XJ6 (Ihe 2006 Act,). Having sald mysdf that the of the c(Thk)any are rN)t rerwired to audtted uThJer Part 16 of the 20 Ad and are erle irHdependent exanin0t, l Ft in r•SFd of my •xarnination of th8 eompanrfs accounts carrted OL* under lon 145 afthe char&S Ad 2011 (Ihe 2011 Acr). In Can9 out my examination I have fdlowed the DIred1 given by the Clwty under.section 145(5)(b) olthe 2011 Ac INDEPENDEpif EXAMINER? STATEMEirr the exInaon me cause to bel. the accounts do Mt Comp th Ihe accountlw reqUIrernts of se(kn of the 2006 Act other than any requIrnent that the accounts glve a Irue arKI taif view whKh is not a matter constdered as part of
cqxnpary limitod by guarantsg) INDEPENDEpif EXAMINER'8 REPORT (¢onlinued) FOR THE YEAR ENDED 31 tcEmBER 2020 Sbned: Dated: 27 Septefflber 2021 Carter ACA HILUER HOPKINS LLP Rathis House 51 ClarerKlon R(od Watford Herts VD17 1HP Page 7
(A company Ilmlted by guarantse) STATEMEKf OF FINANCIAL ACTivmES INCORPORA71NO INCOME AND EXPENDrruRE AccouKr funds 2020 funds funds fvnds 2019 INCOME FROIt. Donallons arKI legades charitab actfvttks 11.124 33,570 95An 61,491 309,776 TOTAL INCOME 107.046 129A91 372,212 EXPENDITURE ON: Raising fvnds 14275 1W18 18275 11,473 39 207.242 274.440 7.6.5 TOTAL EXPENDITLIRE 18W3 22517 284913 NET INCOIIE I (EXPEND[[> BEFORE TRANSFERS Transfe beiweon Fund¥ frnA48) 4191 116m) 128.191) {96,026) 86,299 14 NET INCOIIIE I (EXPENDJTURW BEFORÉ LOSSES (5325n {4l769) 1*026) 86,299 NET IAOVEMENT IN FUNDS 153257) (4789) (9Q026) 84299 RECONCIUATION OF FUNDS: Totsl funds brought fonvard 241.644 80.796 322A39 236.140 188J87 TOTAL FUNDS CARRIED FORWARD 226N13 322,439
(A company limited by guorantoo) REGISTERED NUIIBEK. 02713410 BALANCE SHEEr AS AT 31 DEcEIR 21MI 2019 HXED ASSEf8 Tangible assets CURRENT A8SErs 11 715 12 14.416 450,308 Cash at bank and in hand 464,724 13 q116.7m (143,CW) NET GURRENT ASSETS 321, 724 226h13 322.439 CHARITY FUNDS Restricted funds Unrestricted 14 14 1795 241.644 188.387 TOTAL FUNDS 226A13 322439 The Trustees canderthat the company is enlitled to exeryti from the UIr8nt to an audit under the provisions of seclion 477 of the Coftynlos Ad 20(E Clhe Acr) and members have not requirgd the cornpany to obtain an audrt for the w in que81K in acCd•e seioTr 476 ofthe ACL Tho finan 8tgned on behalf, ty. 18 J¥ Page 9
(A ¢OmP 1kni1 by guarantO91 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 Chaiilie& Statem of ReCfir1 Practre applkabb to etrthitres preparing their acccAJnts in danco with thg FM)Kxal Reporting SlaKlard applicable In the UK and Republic of Ireland (FRS 102) {eff1ve 1 January 2015) - (Charitsgs SORP {FRS 102)). thp FInGl Reporung Standard applicabl8 in Ihe UK and RepuL rf IreIand (FRS 102) tho Conwi¥sAo 20r. InterrHtional Vilheelcldr and Amputee Spcrts Federatlon OWAS) meets thè dllIon of a public lrrt fjntty under FRS 102. AE6ets and are knlttdty recognised at hi8tortsl cost or 12 Company stats naned pa3e 1. In th awnt fhg rX wound up. the llabllty In respect of the 13 Golng concern After m*tng approprwts enquiries. Ihe Tn Iw a rnable expectatron th8 charty has IA InGomg Page 10
ItirERNATIONAL VfiIEELCHAIR AIID AMPUTEE SPORT3 FEDERATION WIAS) (A comp Ilmilod by guarnntoo) NOTES TO THE HNANCIAL STATEMEp¥rs FOR THE YEAR ENLED 31 DECEMBER 2020 Accoui¥llNG POUGIES (conllnxd) 1A Ewnditurn benefft to a thlrd party. II Is probable that a transfer of economlc ben<s b6 required in tivity. Thg tsts of each tsvity are mado up of the t<Aal of di wsts avj $hared costs, acbvty are 8lk)cated dir• to trt athty. Shared o)sts ttich contrlth to more than one a¢tMty 8nd supwrt costs whlch are not attrUle to a pjngle a¢tivky ¥e appSOned beiween those of di8semln8ting Information n support of the Charitable . Support costs are those costs th¢urred dlrecty In supwt of eXPen(Ure on the of fhe and indude project Costs of genwatww funds are costs kncwred In allrllig von* and those Incurred In Al expenditu IB Inclusi VAT. 8lue of fixed 89gets a1 thelr re(xrle anounts are recognlsed as tmpalmRnts. Impalnnent resldual walue. overtheir expeded usdul Iv85 on the ft4kp¥ring bases: swht fm6 33.3% stralgm Ihe Camwter equvwnent Interest on funds held on depogtt is incIled when receNeble and the amount ean bé measwed rdiabty by the company. thls b no• upon notsficth ofthe interest paitl or payable by the Bank. Page 11
(A comFY4ny Ilm6teAI by guarantth) FOR THE YEAR ENDED 31 DECEMBER 2020 ACCOUNTING POLICIES Iwrtlnuod) Deblorn 1J Cash at Bank and In hand Cash at bank in IH]d wKhJJes (xh slK)rt trn highty f14j wpR5tments with a short maluiity of three m(th or loss fr(xn d of acqu1srtK or opwing of dgptisit w $imdar accounL 1.10 Llabultles and provlslons ililies are re¢o3nised when there ig an Baance sheet data as a resul of a past even( ft is Prob that a transftr of econcrfnic benefit be requtred in settlemen( and th8 company anucwtt It pay to s the debt or the amount tt has recelved as advanced palents forthe goods or Serv tt must provide. Prlan6 ap rneaBured * the best estimate of Ihe anvjunts requ to settle the 1.11 Flnonclol InstNments Th8 company 0Y Ims fm8ncia assds firr•xial )18$ ofa kind that qu• as basicfmancral instruments. Basic frAncHI instruments are inibatry rwntsed at transion vatue and subsequenty me&qured at ther Set1kn value th8 exceptitin of bank 108ns which are 1.12 Fwolgn Curr1 1.13 Government grants Govemrnent grants rting to t31b fwl assets aTP tted as defP[r incowe and rBteased to 1.14Pensions Page 12
IA G(¥npany Itmlted by guar4nteeJ NOTES TO ThE FINANCIAL STATEMENT8 FOR THE YEAR ENDED 31 DECEMBER 2020 ACCOUIfflNG POUGIES (contlnuedl 1.15 Fund accounthvj donors or whkh tthE been raBed ty the c<xnpary for partmlar rpO. The costs of rasing and INCOIAE FROM DONATIONS AND LEGAGIES nds 2020 fvnds 2019 2020 725 80.766 Grants 33A70 61.491 Tda12019 766 61,491 INCOME FROM CHARrrABLE Acnvm Total Total funds 2020 2020 2019 123.055 183, 704 835 124237 IWAS wt)1 g8me8 127W2) {27M2) 95A73 309. 776 2019 8. 136 309,776 Pago 13
(A limltod by guarnntsv) FOR THE YEAR ENDED 31 DECEMBER 2020 INVESTMENT INCOME Tot81 funds 2019 funds 2020 funds 2020 funds 2020 T(kn12019 DIRECT COST3 Mombgrsh Sport Service5 Services IWA8 Sport Trdvel Websits and Membershy MaHgwnert Office Costs (indudin9 rtt) Woffld Games expenses Powerchair Hockey Wheektsir Fencing paralpIC Ge$ Insurar Training Sundry Wages and salaries National insurance Ponsion Depreclatlon &989 Q316 10,000 20.717 3.602 26.957 1.911 28,912 1786 145 19m6 61.361 Total 2019 18.3TO 118.543 93,690 Page 14
{A company limltgd by guarantee) NOTES TO THE FINANCIAL STATEMEfrirs FOR THE YEAR ENDED 31 DEGEMBER 2020 LXRECT COSTS (conllnuad) T•)tal 2020 2019 870 8,989 6R16 13,882 20,717 302 25 1.014 3&443 Travel Office Cc6ts (Indthjing renl) World Garnès èxpenses Puwerchalr Hockey WheelGhair FenGing Paralympic Games Insurance TNnlng Sundry Wages and salari08 11.747 2,663 44099 1.911 1400) 1165 569 11JO283 16,622 107.415 Z811 PensKJn ¢oJt 2,786 324 11727 191A93 244947 Td812019 16,344 24&947 SUPPORT COSTS Total 2019 Bank charges Exchange rnle 631 1,914 6undry 8MT3 9.178 1,133 11,TJ3 13.752 Total 2019 1.927 10.147 1,678 11752 Page15
(A eornpany kntted ty quarantsol NOTES TO THE FINA14CIAL STATEMENTS FOR THE YEAR ENDED 31 DECEh18ER 2020 funds 2019 IndeperKlent Ex8mInallc feos Accountancy & Bookkeeping 2.740 1041 1745 2475 9,961 4016 4016 13.741 2020 2019 Ewgnditurg ¢)n furn4rasi 18276 11.4T3 18275 18276 11.473 Membership Ser4tees 8,6TJ 57M23 2812 146 11m8 41A49 19.888 99,172 61A51 12,727 1&370 12Q470 93,690 16.314 10.147 IWAS SkN)rt IPC SeThKes 1.162 115.646 145 87A35 2220 ,699 Expenditure on governartce 4JM6 4016 11741 14S 109.726 225&17 285,913 Tola12019 123.066 324 162.523 285.913 Page 18
mpany limit•d by guaranteè) FOR THE YEAR ENDED 31 DECEmR 2020 NEf INCOPW(EXPENDmiRE) 2019 . Lxned bythè charity 145 1745 324 2,475 Duflw the no Truslfjgs any renwnvatKffl12019. £NILI During the yw, no Trustees any beneffls in kr (2019- £NIL). 10. STAFF COSTS 2020 2019 108JS8 116,593 2.811 Soclal securty costs Other pension GosiF 1786 115.616 123.066 2019 No. Duriry the jwr, the charws key pers(ne1 rernuneratM)n of £62.278 {2019: £72,896). Page 17
(A cc¥npany limtted ty guarantee) NOTES TO THE FINANCIAL STATEMEpirs FOR ThE YEAR ENDED 31 DECEMBER 2020 11. TANGIBLE FIXED ASSErs At 1 January2020 31 2020 11217 13.442 25.659 At 1 January 2020 Charge forthe yèar 11217 11727 14S 24944 145 At 31 D9CnbOr 2020 12217 12,872 25.089 Ilet book value At 31 December 2 570 At 31 Dec*mber2019 715 715 11 DEBTORS 2019 Othef debtors 11803 4.70Q 9.716 1&355 14,416 13. CREDrfoRS: Amounts falling withln ono y 2019 Trad¢ crfjditgrs 4333 Z58T 595 134485 other creditorg 115,366 11(777 143,0 Deferr8d incom8 at 1 2020 Resources defetred dumg the year 133.948 9A24 (30.6n) 112,698 Page 18
ITrUERNATIONAL WHEELCHAIRAND AMpiifEE SPORTS FEDERATION (IW8) IA Gvmp•ry limliod by 94want¢•) FOR THE YEAR ENDED 31 DECEMBER 20XJ 14 STATEIAEiif OF FUNDS STATEMENT FUIIDS.CURRENT YEAR Balance at Inlout Unrestrietèd funds Gere1 Furth. aH funds 241,644 107.045 1186N93) 28.191 188A87 Dr Nakamura Fund Special Fund Whohair FwKing Fund Pu&Veh81r Hcthy Fund Tokyo 2020 IPC Grdnt 3,131 1813) (25,957) 11170) 18.176) 2.318 11.935 (IW7) 15027) 27.737 17379 {11.0801 139.024 (26.191) Tot81 offunds 129A91 I22517> 22q413 STATEMENT OF FUNDS- PRIOR YEAR Balance at l January 2019 (3enerdl Futh- all funds 184.304 259.989 (20Z649J 241.644 Dr Naknura Fynd Specrdl Fund Wheelchair FencllvJ Fund Powerthair Hcthy FurKI Tolryo 2020 IPC Grant (1.929) (27,666) (4859) (36,443) (11.367) ff,935 4.332 70,2 3,211 3&792 1,684 2349 17.279 a646 51.836 112.223 (83,264) 80.795 Pago 19
(A MpanY limited by guarant> FOR THE YEAR ENDED 31 DECEMBER 2020 SUIAIqARY FUNDS. CURREKf YEAR Balanct at Transfers 31 December Inlout 1 a•nuary General funds Restiicted funds 241,644 107.045 80.M a446 (186,493) (39.024) 26,191 (X191) 188,387 38.028 129A91 (225.517) 226,413 BalanGe al 31 Dewnbgr 2019 l January General fijnds Restricted funds 184.304 51.836 259.989 Ila223 (202.649) 241,644 (83.264) 236. 140 372212 85.913) 322.439 13ener41 Fund A¢¢ess to Dr NakaThira's Fund Is onty avalabte to meml>ers In Far B%lem countrjes. Inlematlonal w1181r aTKI ATnputee sp Fthrawjn IKthI Ihe fuNI wi trusttsth8 ffl. Th8 fund is h8kJ und8r ISMWSP$ txiginal ¢$tUtIon. Speclal Fund kh•ir Fénclng Fund These fund5 are restsKtsd furKls In the eekh* fendrvj bgnk acciyjnt thatls the balance of h16torfc Tokyo 2020 Prior to each ParatyThW Games IWAS receEves an anount from the organiBers that has to be used to end of yew Of1 Parntyinpk Games. IPC Grant Page 20
IIOTES TO THE FINAIICIAL STATEMEKrs FOR THE YEAR ENDED 31 DECEM8ER 2020 1& 8TATEIAEltr OF FUNDS (conthivod) 1& ANALYSIS OF NET ASSEfs BEnVEEN FUNDS Total funds 2020 nds funds 2020 Tangle fjxed 888ets 570 3044 38.026 342.620 (t46.7rn (116.7TI) Creditors due within one ar 188.387 38.026 226A13 fvnd 2019 fvnds 2019 2019 Tangible fed *sets 715 3929 80.795 {143.(X) 715 464.724 (143,000) Credttors due thIn one 241.644 .795 322.439 16. PENSM)N COMMITMEKrs contribthns payth by the chwity to th& fund •Kt amounted to (201 £3.e62). There is no controllvy party. Pag8 21
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