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2021-12-31-accounts

Registered number: 02713410 Charity number: 1011552

INTERNATIONAL WHEELCHAIR AND AMPUTEE SPORTS FEDERATION (IWAS)

(A company limited by guarantee)

UNAUDITED

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

INTERNATIONAL WHEELCHAIR AND AMPUTEE SPORTS FEDERATION (IWAS) (A company limited by guarantee)

CONTENTS
Page
Reference and administrative details of the charity, its trustees and advisers 1
Trustees' report 2 - 5
Independent examiner's report 6 - 7
Statement of financial activities 8
Balance sheet 9
Notes to the financial statements 10 - 21

INTERNATIONAL WHEELCHAIR AND AMPUTEE SPORTS FEDERATION (IWAS) (A company limited by guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2021

Trustees

R Van Den Abbeele, President T S Almansouri, Vice President P Rozhkov, 2nd Vice President R I Paterson, Honorary Treasurer K V Nielsen Ms D Sotiriadi Ms E Strydom P L Szekeres P DePace, President Emeritus

Company registered number

02713410

Charity registered number

1011552

Registered office

Buckinghamshire College Group, Aylesbury Campus, Oxford Road, Aylesbury, Buckinghamshire, HP21 9PD

Chief executive officer

C Hooper

Accountants

Hillier Hopkins LLP, Radius House, 51 Clarendon Road, Watford, Herts, WD17 1HP

Page 1

INTERNATIONAL WHEELCHAIR AND AMPUTEE SPORTS FEDERATION (IWAS)

(A company limited by guarantee)

TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2021

The Trustees present their annual report together with the financial statements of the company for the year 1 January 2021 to 31 December 2021. The Trustees confirm that the Annual Report and financial statements of the company comply with the current statutory requirements, the requirements of the company's governing document and the provisions of the Statement of Recommended Practice (SORP), applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (2019).

Since the company qualifies as small under section 383, the strategic report required of medium and large companies under The Companies Act 2006 (Strategic Report and Director's Report) Regulations 2013 is not required.

Objectives and Activities

a. POLICIES AND OBJECTIVES

In setting objectives and planning for activities, the Trustees have given due consideration to the general guidance published by the Charity Commission relating to public benefit.

The principal activities of IWAS as an incorporated charity, are the development and promotion of sporting opportunities for persons with a physical impairment through the IWAS World Games programme and the governance and management of Wheelchair Fencing and Powerchair Hockey.

b. ACTIVITIES FOR ACHIEVING OBJECTIVES

Since our formation in 1952, IWAS has been the leader of initiatives to develop sport for persons with physical impairments to improve their quality of life. We have never lost sight of our principles or who we are, and this is firmly encapsulated in our Values: Sportsmanship, Unity, Respect and Friendship

Amongst our achievements we list

c. MAIN ACTIVITIES UNDERTAKEN TO FURTHER THE CHARITY'S PURPOSES FOR PUBLIC BENEFIT

Due to the continued challenges of the COVID-19 pandemic IWAS was unable to host the planned World Games in 2021. IWAS Wheelchair Fencing however was more fortunate and we managed to organise several in person events.

Continuing from the experience we gained in 2020, online courses and education seminars were extended into 2021.

The highlight of 2021 was the successful delivery of Wheelchair Fencing at the postponed Tokyo2020 Paralympic Games in August/September 2021. Although no spectators were allowed, we were still able to deliver a very high standard event.

Achievements and performance

a. REVIEW OF ACTIVITIES

Page 2

INTERNATIONAL WHEELCHAIR AND AMPUTEE SPORTS FEDERATION (IWAS)

(A company limited by guarantee)

TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31 DECEMBER 2021

The Federation is reporting for the sixteenth year as IWAS.

In 2021, the organisation received a total income of £289,185 (2020: £129,491) and ran a net surplus of £55,426 (2020: deficit of £96,026, of which £42,769 was on restricted reserves and £53,257 on unrestricted reserves).

Each sport continues to work well with a bespoke bank account. This system is however under review as we look to update our accounting practices.

IWAS 2021 REVIEW

Events in 2021 continued to be seriously impacted by the pandemic. IWAS Wheelchair Fencing had to cancel events until July 2021 when we hosted a World Cup in Warsaw, Poland and a second one in Pisa, Italy in November 2021. We were able to extend virtual IWAS Wheelchair Fencing training and education and developed an online platform to deliver these.

Due to the high health risk to the players, IWAS Powerchair Hockey had no events in 2021. They are however looking forward to hosting World Championships in Switzerland in August 2022.

We were able to keep our staff team intact despite the challenges making use the governments’ furlough scheme.

Virtual Board Meetings continued, and our Sports Executive committees also were able to conduct regular online meetings. We held several online forums with our membership to discuss the coming together of IWAS and CPISRA. Following these consultations, the membership was lobbied and unanimously agreed to take the talks to the next level and move ahead to bringing the two organisations together into one organisation. Work on this project continues and we hope to conclude it by the end of 2022.

As mentioned before, the absolute highlight of the year was the successful delivery of Wheelchair Fencing at the postponed Tokyo2020 Paralympic Games in August/September 2021 and deserves mentioning again.

Despite all the challenges the IWAS Membership continued to grow and at the end of 2021 stood at 71 countries.

Financial review

a. FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES

The Executive Board recognises its obligation to conduct an annual review of the major risks to which the charity is exposed.

b. RESERVES POLICY

The Directors have considered the Reserves position and are satisfied that the level of reserves is appropriate and sufficient to meet IWAS's immediate funding and working capital requirements. The level of reserves required differs in the cycle between Paralympic and non- Paralympic years.

Structure, governance and management

a. CONSTITUTION

The company is registered as a charitable company limited by guarantee and was set up by a Trust deed.

Page 3

INTERNATIONAL WHEELCHAIR AND AMPUTEE SPORTS FEDERATION (IWAS) (A company limited by guarantee)

TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31 DECEMBER 2021

The company is constituted under a Trust deed and is a registered charity number 1011552

The company is registered as a charitable company limited by guarantee and is constituted under its Memorandum and Articles as amended on 1 October 2015 and 2 December 2017.

b. METHOD OF APPOINTMENT OR ELECTION OF TRUSTEES

The Directors of the Company, who are also Trustees for the purposes of charity law under the company’s Memorandum and Articles of Association (Constitution), are known as the members of the Executive Board.

The Executive Board is elected every 4 (four) years in the year following the Summer Paralympic Games. The last elections were at the 2017 General Assembly, held in Monte Gordo, Portugal. The Secretary General notified the membership and made a call for motions and mandates in accordance with timelines prescribed in the Federation’s Constitution (Memorandum & Articles of Association and Internal Regulations).

The Charity’s focus is to provide international development and sporting opportunity for persons with physical impairments. As such, the Executive Board members seek to ensure that the needs of this group are reflected through the diversity of the Trustees, with all members having a background in one or more aspects of sport governance and/or management and currently four of these additionally are ex athletes.

The personal and business skills of Executive Board members are taken into account when allocating portfolio/job descriptions. An annual assessment of EB members’ performance is undertaken.

c. ORGANISATIONAL STRUCTURE AND DECISION MAKING

The Executive Board meet at least once a year face to face, with interim updates supplied by the CEO and President. The Executive Board is responsible for the governance of the Federation including strategic direction and policy of the Charity and is answerable to the General Assembly of Nations in this respect.

The IWAS General Assembly is held every 2 (two) years in un-even years.

Due to the continuation of restrictions on travel the membership was lobbied on the postponement of the 2021 IWAS General Assembly and Elections. This is now scheduled to take place on 28 November 2022 in Monte Gordo, Portugal.

Plans for future periods

a. FUTURE DEVELOPMENTS

The impact of the Covid 19 pandemic continued to affect all our activities in 2021. The postponement of the Tokyo 2020 Paralympic Games to 2021 had a further impact on our finances, however as we had sufficient restricted funds it did not have a negative outcome on our overall financial situation for 2021.

As mentioned, with the growth of the Paralympic movement the Board continued conversation with CPISRA with a view to the two organisations coming together. The aims of both charities are well aligned and one organisation would bring many benefits to IWAS and CPISRA members in terms of more effective management. Extensive consultation with both sets of members continues. The aim is to have the merger and the constitution of the charity formally approved before the end of 2022 under the current entity of IWAS.

We will now return to Portugal for our IWAS World Games in November 2022 and have a full programme of

Page 4

INTERNATIONAL WHEELCHAIR AND AMPUTEE SPORTS FEDERATION IIWAS) {A company limited by guarantee) TRUSTEES. REPORT {¢ontinuedl FOR THE YEAR ENDED 31 DECEMBER 2021 Ihis lime. we are experiencing SOFne challew due to the masswe inctease in cost of living that Is affecting flight prices lo inlemational events for the delegates we have lo provide. The war In Ukraine has affected ou volunteer base as many were based in Belorussk?. R4Jssia and intjeed also in Ukraine. We Continue to network with the wheelchair fencers and their staff from Ukraine lo ensure where possible they can still compete al our events. We do howèver foresee that we wll remain to Garry any possible further losses due lo sufficient reserved and restrKted furKIs. This réport was app ved by the Trustees, on l¥ 03 ¥z and signed on their behalf by.. R I Paterson, onorary Treasurer Page 5

INTERNATIONAL WHEELCHAIR AND AMPUTEE SPORTS FEDERATION (IWAS) (A company limited by guarantee)

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2021

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF INTERNATIONAL WHEELCHAIR AND AMPUTEE SPORTS FEDERATION (IWAS) (the 'company')

I report to the charity Trustees on my examination of the accounts of the company for the year ended 31 December 2021.

This report is made solely to the company's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the company's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the company and the company's Trustees as a body, for my work or for this report.

RESPONSIBILITIES AND BASIS OF REPORT

As the Trustees of the company (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the company's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

INDEPENDENT EXAMINER'S STATEMENT

Since the company's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

I have completed my examination. I can confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities.

Page 6

INTERNATIONAL WHEELCHAIR AND AMPUTEE SPORTS FEDERATION (IWAS)

(A company limited by guarantee)

INDEPENDENT EXAMINER'S REPORT (continued) FOR THE YEAR ENDED 31 DECEMBER 2021

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Signed: Dated: 7 September 2022

Neal Carter ACA

HILLIER HOPKINS LLP

Chartered Accountants

Radius House 51 Clarendon Road Watford Herts WD17 1HP

Page 7

INTERNATIONAL WHEELCHAIR AND AMPUTEE SPORTS FEDERATION (IWAS)

(A company limited by guarantee)

STATEMENT OF FINANCIAL ACTIVITIES INCORPORATING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2021

Note
INCOME FROM:
Donations and legacies
2
Charitable activities
3
Investments
4
TOTAL INCOME
EXPENDITURE ON:
Raising funds
Charitable activities
7,6,5
TOTAL EXPENDITURE
8
NET INCOME / (EXPENDITURE) BEFORE
TRANSFERS
Transfers between Funds
14
NET INCOME / (EXPENDITURE) BEFORE
OTHER RECOGNISED GAINS AND
LOSSES
NET MOVEMENT IN FUNDS
RECONCILIATION OF FUNDS:
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricte
d funds
2021
£
18,792
214,361
22
233,175
14,712
154,474
169,186
63,989
(27,883)
36,106
36,106
188,387
224,493		 Restricted
funds
2021
£
48,543
7,467
-
56,010
-
64,573
64,573
(8,563)
27,883
19,320
19,320
38,026
57,346		 Total
funds
2021
£
67,335
221,828
22
289,185
14,712
219,047
233,759
55,426
-
55,426
55,426
226,413
281,839		 Total
funds
2020
£
33,570
95,473
448
129,491
18,275
207,242
225,517
(96,026)
-
(96,026)
(96,026)
322,439
226,413

The notes on pages 10 to 21 form part of these financial statements.

Page 8

INTERNATIONAL WHEELCHAIR AND AMpufEE SPORTS FEDERATION {IWASI IA company limited by guarant•e) REGISTERED NUMBER.. 02713410 BALANCE SHEET AS AT 31 DECEMBER 2021 2021 2020 FIXED ASSETS Tangible assets CURRENT ASSETS Debtors Cash at bank and in hand 11 460 570 12 24.953 298.661 15.355 327,265 323.614 342.620 CREDITORS: amounts fa114ng due within one year 13 142.235) {116, T77) NET CURRENT ASSErs 281.379 225,843 NET ASSETS 281,839 226.413 CHARITY FUNDS Reslncted fvnds Unrestrthd funds 14 57,346 224,493 38,026 188,38T 14 TOTAL FUNDS 281,839 226.413 The company's financial slalements have been prepared in accordance with the provisions applicable to companies subject to the small C4ynpanres regin￿. The Tiuslees consider Ihal the company is enlrtjed lo exemption the requirement lo have an audrt under the provisions of section 477 of the Companies Act 20[￿ {Ihe A¢f) and members have not required the company lo obtain an audrt for the yÈar in gueSt￿n in *cordance wrth section 476 of the Act The Trustee$ acknovledge their responsibilrties for complw'ng with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial slalements. The financial statements wefe approved and authonsed for issue by the Trustees on 24. tr %. i signed on their be and R I Pat•rson. Honorary freasurer Date The notes on page5 10 to 21 foThn part of these financid slatemenls. Page 9

INTERNATIONAL WHEELCHAIR AND AMPUTEE SPORTS FEDERATION (IWAS) (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

1. ACCOUNTING POLICIES

1.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

International Wheelchair and Amputee Sports Federation (IWAS) meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

1.2 Company status

The company is a company limited by guarantee. The members of the company are the Trustees named on page 1. In the event of the company being wound up, the liability in respect of the guarantee is limited to £1 per member of the company.

1.3 Going concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements.

1.4 Income

All income is recognised once the company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.

Page 10

INTERNATIONAL WHEELCHAIR AND AMPUTEE SPORTS FEDERATION (IWAS) (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

1. ACCOUNTING POLICIES (continued)

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Fundraising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities. Support costs are those costs incurred directly in support of expenditure on the objects of the company and include project management carried out at Headquarters. Governance costs are those incurred in connection with administration of the company and compliance with constitutional and statutory requirements.

Costs of generating funds are costs incurred in attracting voluntary income, and those incurred in trading activities that raise funds.

Charitable activities and Governance costs are costs incurred on the company's educational operations, including support costs and costs relating to the governance of the company apportioned to charitable activities.

All expenditure is inclusive of irrecoverable VAT.

1.6 Tangible fixed assets and depreciation

All assets costing more than £250 are capitalised.

A review for impairment of a fixed asset is carried out if events or changes in circumstances indicate that the carrying value of any fixed asset may not be recoverable. Shortfalls between the carrying value of fixed assets and their recoverable amounts are recognised as impairments. Impairment losses are recognised in the Statement of financial activities incorporating income and expenditure account.

Tangible fixed assets are carried at cost, net of depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

1.7 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the company; this is normally upon notification of the interest paid or payable by the Bank.

Page 11

INTERNATIONAL WHEELCHAIR AND AMPUTEE SPORTS FEDERATION (IWAS) (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

1. ACCOUNTING POLICIES (continued)

1.8 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

1.9 Cash at Bank and in hand

Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

1.10 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation.

1.11 Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

1.12 Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at rates of exchange ruling at the balance sheet date.

Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction.

Exchange gains and losses are recognised in the Statement of financial activities incorporating income and expenditure account.

1.13 Government grants

Government grants relating to tangible fixed assets are treated as deferred income and released to the Statement of financial activities incorporating income and expenditure account over the expected useful lives of the assets concerned. Other grants are credited to the Statement of financial activities incorporating income and expenditure account as the related expenditure is incurred.

1.14 Pensions

The company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the company to the fund in respect of the year.

Page 12

INTERNATIONAL WHEELCHAIR AND AMPUTEE SPORTS FEDERATION (IWAS) (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

1. ACCOUNTING POLICIES (continued)

1.15 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the company and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

2. INCOME FROM DONATIONS AND LEGACIES

Donations
Grants
Coronaviras Job Retention Scheme grant
Total donations and legacies
Total 2020		 Unrestricte
d funds
2021
£
2,325
-
16,467
18,792
11,124		 Restricted
funds
2021
£
-
48,543
-
48,543
22,446		 Total
funds
2021
£
2,325
48,543
16,467
67,335
33,570		 Total
funds
2020
£
2,728
22,446
8,396
33,570

3. INCOME FROM CHARITABLE ACTIVITIES

Unrestricted
funds
2021
£
Membership Services and Capitation Fees
114,512
IWAS World games income
99,849
214,361
Total 2020
94,758		 Restricted
funds
2021
£
7,467
-
7,467
715		 Total
funds
2021
£
121,979
99,849
221,828
95,473		 Total
funds
2020
£
123,055
(27,582)
95,473

Page 13

INTERNATIONAL WHEELCHAIR AND AMPUTEE SPORTS FEDERATION (IWAS)

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

4. INVESTMENT INCOME

Unrestricted
funds
2021
£
Interest received
22
Total 2020
448
DIRECT COSTS
Communications
Travel
Website and Membership Management
system
Office Costs (including rent)
World Games expenses
Powerchair Hockey
Wheelchair Fencing
Paralympic Games
Insurance
Training
Sundry
Wages and salaries
National insurance
Pension cost
Depreciation
Total 2020		 Restricted
funds
2021
£
-
-
Membership
Services
£
859
-
1,722
2,796
-
-
-
-
-
66
-
3,249
3,242
2,529
110
14,573
19,886		 Total
funds
2021
£
22
448
Sport
Services
£
-
-
-
10,000
2,222
-
-
-
-
-
-
60,134
-
-
-
72,356
97,529		 Total
funds
2020
£
448
IWAS Sport
£
-
23,900
-
-
-
516
33,895
-
3,615
-
701
30,067
-
-
-
92,694
61,351		 Total
funds
2020
£
448
IWAS Sport
£
-
23,900
-
-
-
516
33,895
-
3,615
-
701
30,067
-
-
-
92,694
61,351
92,694
61,351

5. DIRECT COSTS

Page 14

INTERNATIONAL WHEELCHAIR AND AMPUTEE SPORTS FEDERATION (IWAS)

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

5. DIRECT COSTS (continued)

Communications
Travel
Website and Membership Management system
Office Costs (including rent)
World Games expenses
Powerchair Hockey
Wheelchair Fencing
Paralympic Games
Insurance
Training
Sundry
Wages and salaries
National insurance
Pension cost
Depreciation
Total 2020		 IPC
Services
£
-
-
-
-
-
-
-
2,789
-
-
1,711
12,027
-
-
-
16,527
12,727		 Total
2021
£
859
23,900
1,722
12,796
2,222
516
33,895
2,789
3,615
66
2,412
105,477
3,242
2,529
110
196,150
191,493		 Total
2020
£
870
8,989
6,316
13,882
20,717
3,602
25,957
1,562
1,911
-
569
100,283
3,904
2,786
145
191,493

6. SUPPORT COSTS

Travel
Bank charges
Exchange rate
variances
Sundry
Wages and
salaries
National
insurance
Total 2020		 Sport
Services
£
-
-
3,238
-
-
-
3,238
1,643		 Executive
Services
£
2,434
-
-
-
5,780
3,240
11,454
8,957		 Finance
Services
£
-
496
-
327
-
-
823
1,133		 Total
2021
£
2,434
496
3,238
327
5,780
3,240
15,515
11,733		 Total
2020
£
284
581
1,643
552
8,673
-
11,733

Page 15

INTERNATIONAL WHEELCHAIR AND AMPUTEE SPORTS FEDERATION (IWAS)

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

7. GOVERNANCE COSTS

Unrestricted
funds
2021
£
Independent Examination fees
3,225
Accountancy & Bookkeeping
1,580
Executive Board Meetings
2,577
7,382		 Restricted
funds
2021
£
-
-
-
-		 Total
funds
2021
£
3,225
1,580
2,577
7,382		 Total
funds
2020
£
2,745
1,041
230
4,016

8. ANALYSIS OF EXPENDITURE BY EXPENDITURE TYPE

Expenditure on fundraising
trading
Costs of raising funds
Membership Services
Sport Services
IWAS Sport
IPC Services
Executive Services
Finance Services
Charitable activities
Expenditure on
governance
Total 2020		 Staff costs Depreciation
Other costs
2021
£
2021
£
2021
£
-
-
14,712
-
-
14,712
9,020
110
5,443
60,134
-
15,460
30,067
-
62,627
12,027
-
4,500
9,020
-
2,434
-
-
823
120,268
110
91,287
-
-
7,382
120,268
110
113,381
115,646
145
109,726		 Total
2021
£
14,712
14,712
14,573
75,594
92,694
16,527
11,454
823
211,665
7,382
233,759
225,517		 Total
2020
£
18,275
18,275
19,886
99,172
61,351
12,727
8,957
1,133
203,226
4,016
225,517

Page 16

INTERNATIONAL WHEELCHAIR AND AMPUTEE SPORTS FEDERATION (IWAS)

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

9. NET INCOME/(EXPENDITURE)

This is stated after charging:

2021 2020
£ £
Depreciation of tangible fixed assets:
- owned by the charity 110 145
Independent Examination fees 3,225 2,745

During the year, no Trustees received any remuneration (2020 - £NIL). During the year, no Trustees received any benefits in kind (2020 - £NIL). During the year, no Trustees received any reimbursement of expenses (2020 - £NIL).

10. STAFF COSTS

Staff costs were as follows:

Wages and salaries
Social security costs
Other pension costs		 2021
£
111,257
6,482
2,529
120,268		 2020
£
108,956
3,904
2,786
115,646

The average number of persons employed by the company during the year was as follows:

2021 2020
No. No.
Employees 4 4

No employee received remuneration amounting to more than £60,000 in either year.

During the year, the charity's key management personnel received remuneration of £59,014 (2020: £62,278).

Page 17

INTERNATIONAL WHEELCHAIR AND AMPUTEE SPORTS FEDERATION (IWAS)

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

11. TANGIBLE FIXED ASSETS

Cost
At 1 January 2021 and 31 December 2021
Depreciation
At 1 January 2021
Charge for the year
At 31 December 2021
Net book value
At 31 December 2021
At 31 December 2020
12.
DEBTORS
Other debtors
Prepayments and accrued income
13.
CREDITORS: Amounts falling due within one year
Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred income
Deferred income
Deferred income at 1 January 2021
Resources deferred during the year
Amounts released from previous years
Deferred income at 31 December 2021		 Office
equipment
£
12,217
12,217
-
12,217
-
-

 Office
equipment
£
12,217
12,217
-
12,217
-
-

 Computer
equipment
£
13,442
12,872
110
12,982
460
570
2021
£
4,432
20,521
24,953
2021
£
2,305
-
546
39,384
42,235		 Total
£
25,659
25,089
110
25,199
460
570
2020
£
13,803
1,552
15,355
2020
£
289
628
495
115,365
116,777
£
112,698
25,014
(112,698)
25,014

Page 18

INTERNATIONAL WHEELCHAIR AND AMPUTEE SPORTS FEDERATION (IWAS)

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

14. STATEMENT OF FUNDS

STATEMENT OF FUNDS - CURRENT YEAR

Unrestricted funds
General Funds - all funds
Restricted funds
Dr Nakamura Fund
Special Fund
Covid Recovery Grant
Wheelchair Fencing Fund
Powerchair Hockey Fund
Tokyo 2020
IPC Grant
Total of funds
STATEMENT OF FUNDS - PRIOR YEAR
General Funds - all funds
Restricted funds
Dr Nakamura Fund
Special Fund
Wheelchair Fencing Fund
Powerchair Hockey Fund
Tokyo 2020
IPC Grant		 Balance at
1 January
2021
£
188,387
1,863
2,318
-
11,935
-
(5,827)
27,737
38,026
226,413

Balance at
1 January
2020
£
241,644
1,863
3,131
54,489
1,684
2,349
17,279
80,795		 Income Expenditure
£
£
233,175
(169,186)
-
-
-
(1,347)
12,639
(12,639)
7,467
(5,514)
-
-
20,521
(29,686)
15,383
(15,387)
56,010
(64,573)
289,185
(233,759)
Income
Expenditure
£
£
107,045
(186,493)
-
-
-
(813)
-
(25,957)
-
(3,170)
-
(8,176)
22,446
(908)
22,446
(39,024)		 Transfers
in/out
Balance at
31 December
2021
£
£
(27,883)
224,493
-
1,863
-
971
-
-
24,591
38,479
3,292
3,292
14,992
-
(14,992)
12,741
27,883
57,346
-
281,839
Transfers
in/out
Balance at
31 December
2020
£
£
26,191
188,387
-
1,863
-
2,318
(16,597)
11,935
1,486
-
-
(5,827)
(11,080)
27,737
(26,191)
38,026

Page 19

INTERNATIONAL WHEELCHAIR AND AMPUTEE SPORTS FEDERATION (IWAS) (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

SUMMARY OF FUNDS - CURRENT YEAR

Balance at
1 January
2021
£
General funds
188,387
Restricted funds
38,026
226,413
SUMMARY OF FUNDS - PRIOR YEAR
Balance at
1 January
2020
£
General funds
241,644
Restricted funds
80,795
322,439		 Income
Expenditure
£
£
233,175
(169,186)
56,010
(64,573)
289,185
(233,759)
Income
Expenditure
£
£
107,045
(186,493)
22,446
(39,024)
129,491
(225,517)		 Transfers
in/out
Balance at
31 December
2021
£
£
(27,883)
224,493
27,883
57,346
-
281,839
Transfers
in/out
Balance at
31 December
2020
£
£
26,191
188,387
(26,191)
38,026
-
226,413

General Fund

The General Fund represents the unrestricted funds including the funds of the sports which the Board and Sport Committees are free to use in accordance with the charitable objectives.

Restricted Funds

Dr Nakamura's Fund

Access to Dr Nakamura's Fund is only available to members in Far Eastern countries. International Wheelchair and Amputee Sports Federation hold the fund in trust for the members. The fund is held under ISMWSF's original constitution.

Special Fund

The Special Fund was established for the purpose of underwriting the expenses of travelling to and holding international meetings. This fund is held under the ISMWSF's original constitution.

Wheelchair Fencing Fund

These funds are restricted funds in the wheelchair fencing bank account that is the balance of historic grants received to be spend on Paralympic related activities.

Tokyo 2020

Prior to each Paralympic Games IWAS receives an amount from the organisers that has to be used to book all flights for international delegates attending the games. The balance of this should be zero at then end of the year of the Paralympic Games.

Covid Recovery Grant

This was a grant received in the year that enabled IWAS to provide urgent funds where required and contributed towards the costs of running the charity when the other income was restricted due to the

Page 20

INTERNATIONAL WHEELCHAIR AND AMPUTEE SPORTS FEDERATION (IWAS) (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

14. STATEMENT OF FUNDS (continued)

pandemic.

IPC Grant

All sports on the Paralympic programme receives a grant from the International Paralympic Committee every year. These funds are exclusively for the development of wheelchair fencing around the world.

15. ANALYSIS OF NET ASSETS BETWEEN FUNDS

ANALYSIS OF NET ASSETS BETWEEN FUNDS - CURRENT YEAR

Tangible fixed assets
Current assets
Creditors due within one year		 Unrestricte
d funds
2021
£
460
266,268
(42,235)
224,493		 Restricted
funds
2021
£
-
57,346
-
57,346		 Total
funds
2021
£
460
323,614
(42,235)
281,839

ANALYSIS OF NET ASSETS BETWEEN FUNDS - PRIOR YEAR

Unrestricted
funds
2020
£
Tangible fixed assets
570
Current assets
304,594
Creditors due within one year
(116,777)
188,387		 Restricted
funds
2020
£
-
38,026
-
38,026		 Total
funds
2020
£
570
342,620
(116,777)
226,413

16. PENSION COMMITMENTS

The company operates a defined contribution scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund. The pension cost charge represents the contributions payable by the charity to the fund and amounted to £2,786 (2020- £2,786).

17. CONTROLLING PARTY

There is no controlling party.

Page 21