Company Registration No. 2883419 (Eniland and Wales) Registered Char•ty No: 1030693 REGAIN- THE TRUST FOR SPORTS TETRAPLEGICS (A COMPANY UMITED BY GUARANTEEI FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 *ABB6DXS2¢ 2Y08r2022 COMPANIES HOUSE Als 65 1
REGAIN - THE TRUST FOR SPORTS TETRAPLEGICS IA COMPANY UMITED 8Y GUARANTEE) CONTENTS Patrons Barry Dawes MBE Brough Scott MBE Dr Fred Middleton Mark Fostef Paul Stulthorpe MBE Peter Norfdk OBE Trustees Lord Ivar Mountbatten DL Ichairmanl Ben Moorhead DL Dominic Coleman Miles Dean Paul Coleman Stephen Killic TTrmothy Holland Alexandra Hodges Faisal Sultan Rob Smith Chief Execulive Offi¢er Paul Lawrence Charity number 1030693 (England and Wales) Conw)any number 2883419 ReÉlstered offi¢¢ HCR Hewitsons 3 Dorset Rise London EC4Y 8EN PrlNlpal office HCA Hewitsons 3 Dorset RISÈ London EC4Y 8EN Independent Examiner Gilbert Holbourn FCA. FCCA. OChA l Upper Bridge Street Wyè. Kent TN25 SAF Bankers Lloyds Bank Pl 13-14 Cornmarket Thame OX9 28N
REGAIN - THE TRUST FOR SPORTS TEfRAPLEGICS (A COMPANY UMITED BY GUARANTEE) CONTENTS Page Report of the Trustees Independent examinerfs report Statement of financral actiwties Balance Sheet Notes to the financial statements 10-16
REGAIN- THE TRUST FOR SPORTS TETRAPLEGICS (A COMPANY LIMITED BY GUARANTEE) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021 ThÈ Trustees present their Report together with the Financial Statements for the year ended 31 December 2021. Or8anisation. Structure and G(Nernance G¢)VernI document The Trevor Jones Tetraplegic Trust wa5 created as a charity in 1988 and was incorporated on 17 December 1993 when it was registerÈd wrth the Charity Commissioner5 for England and Wales as Charrty No 1030693. In order to reflect accurately the work and scope of the Trust, the name was hanged to Regain - The Trust for Sports Tetraplegics I"Regain"l on 19 May 1995. Regain is the only charttable or8anisation dedicated solelyto improving the independerKe of all British men and women who have become tetraple8ic a5 a result of a cornpetiti¥e Sports injury. Regain is a company limited by guarantee governed by its Memorandum and Articles of Association. Appointmem of ttee5 Trustees are selected to give an appropriate range of skills and experience, and are recruited by personal contact or by using Rea¢h Iwww.Reachskills.org.ukl. New trustees are introduced to the other trustees at one of their quarterly meetings and if considered suitable app)inted atth3t meeting. Trustee induction and training Newly appointed trustees are inducted by existing trustees. The CEO sends to all new trustees the latest governance information produced by the Charity Cornmission which outlines their responsibilitie5 and duties as a trustee. Organi5ation The board of trustees (the Yrustee<l administer5 the charitable company. They meet Quarterly to rn3ke the operational decisions. The dèy-to-day running of the charitable company is delegated io the Chief Executive Offer 1"cEI. Trustees The following have held office Since l January 2021 = Lord Ivar Mountbatten IChairn)anl Ben Moorhead Dominic Coleman Miles Dean Paul Coleman Stephen Killick Timothy Holland Alexandra Hodges Faisal Sultan RobSmr(h
REGAIN- THE TRUST FOR SPORTS TETRAPLEGICS IA COMPANY LIMITED BY GUARANTEE) REPORT OF THE TRUSTEES FOR THE YEAR ENOED 31 DECEMBER 2021 Objectives and arti¥itles Misslon- To improve the quality of life for individuals who have suffered a spinal injury whilst taking part in a sport, leisure or recreational activity that resulted in that person becoming tetraplegic Vlslon- Every sport injured tetraplegic is given equal opportunity to live as fvll a life as possible Alms To help sports tetraple8ics lead indèpendent and fulfilling live5 by fully or part funding equipment and facilities that improve mobility. communication. educational options and employment opportunities To raise funds through donations. events. sponsorship. legacies and gifts in kind To develop and maintain relationships wrth tetrap1etS and prowde support to them and their families and carers To collaborate with other spinal injury charities, and to develop partnerships that will have a asting benefit for the tharity and its benefitiaries To increase the awarene55 of risks and educate the 8eneral public to try and reduce the number of accÉdents resulting in tetraplegia To Ènsurè that the go¥emartcÈ of Regairt is workingtowards best practice The strategies employed to achieve the charitable compan¢5 objetti¥e5 are kept under review. The main artivities of the charitable company are arranging fundraising events and writing to charitable trusts and corporate donors to support the many grant application5. Public bentfrt statement The Trustees confim that they have complied with the duty in section 4 of the Charities Act 2011 to have due regard to the Charity Commission's general guidance on public benefit, 'Charities and Public Benefit.. Procedure and poliry for grant making The first action afi applicant take5 IS to complete an application on the Regain website, which then is submitted to a Grants Panel to review. The grants panel. made up of the CEO and a trustee. review all applications ond interview all applicants that meet the required fundinB criteria. before making its recommendations to the Board of Trustee5. It is ¥ital for Regain to develop an excellent working relationship with its beneficiaries. and as the majority of applicants are applyine for the first timè, this method of interviewinB them either on Zoom or on the telephone is an excellent chance to establish thi5 relationship. It 15 during these calls that the charitV5 Other work is detailed to the applicant, and they are encouraged to join in other areas of the charivs work such as fundraising or tetra talk. but it is not a condition of grant award that they do $0. Fundralsln8 Regain is regristered wtrh the Fundraising Regulator and complies with their code of practice
REGAIN - THE TRUST FOR SPORTS TETRAPLEGICS IA COMPANY LIMITEO BY GUARANTEE) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021 A¢hlevements and perf(Ymance The CEO, in collaboration with the trustee5, agreed variou5 deliverable actions for 2021 against each of the aims of the organisation. These Kts"ons and its progress are reported at the quarterly trustees meetin85. Regain's main purpose as an or8anisation continues to be awarding grants to sports injured tetraplegics. During 2021, Regain awarded grants to 14 applicants. amounting to £33.44912020- £27.7181. Equipment funded includèd several wheel chair power add-ons, hybrid hand bikes. a portable hoist and an all-terrain wheelchair. Raising funds throughout 2021 was always going to be a challenge for Regain given the multiple fundraising issues caused by the pandernic. Historically, Re8ain ha5 always been reliant on event5 to raise much of it5 income, SQ the plan was to have a dNer5e income portfolio spread acros5 event5, corporate partnerships and trust$ and foundations. Income from charitable trusts throughout 2021 totalled £30.3c1202O-. £15.9921. The following trusts made donations to the Charity and we are extremely grateful for their support.. The PF Charitable Trust The 29" May 1962 Charitable Trust The Geoff and Fiona Squire Foundation Bruce Wake Charitable Trust Albert Hunt Charitable Trust Swire Charitable Trust A new do-it-yourself fundraising èvènt was launched callèd Go the Distance, which wa5 SUPPOrted by Cavendish 8rooke Financial servi5. This event enabled Regain's sUPPOrter network to undertake a walking, running, Cycling or swimming challenge over the course of one month. Thirty one people registered for the event, which raised £3.554. The London Marathon was held in October. which saw four Regain runners taking part. raising a total of £3,696. Regain continued to provide support services to its beneficiaries throughout the year through funded projects. This included an Awards for All funded virtual reality gaming project that saw eight participants103ned Otulus Virtual Realtty Headsets that enabled them to be immersed in experiences such as virtual hot air balloon riding. roller coaster rides and virtual tours of the wonders of the world.
REGAIN - THE TRUST FOR SPORTS TETRAPLEGICS {A COMPANY LIMITED BY GUARANTEE) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021 ActrMevem¢nts and PerfornMn¢e Two Carin8 for Carers residential breaks were delivered in the year. with a third planned for 2022. There were two different breaks, one was a relaxing spa retreat in Cheshire. whilst the other was held at a central Birmingham hotel. 80th the Spa experience and the social gathering in Birmingham provided a great opportunity for ¢arers and tetra's to get together to share their experiences and offer each other some advice and support. Subjertto fundrng. Regain wishes to continue to run these events at leasttwice a year. Re8ain'5 Other support SeiCe was in the form of a tetra-talk Café, a twice weekly Zoom meeting where tetra's can come together to support each other with any issues that they may have. This peer led approach saw many friendships formed, and acts as a fantastic support seiCe for each other. Plans forthe futwe As the restrictions of the last 2 years are lifted, the earest ¢hallenge that Regain faces is its ability to raise sufficient funds from a number of different avenues to meet the demand for its grants programme. Given previous successes from running rycling events. a Spinal Unit Cycle Tour was planned for lune 2022. but this has been postponed to 2023. subject to fundrng to cover the ¢05ts for the event. In its place, a London to Amsterdam ride is planned for late summer. It is hoped that another overseas challen8e. potentially in 6ali, will be held in the autumn of 2023. Other fundraising activity for 2022 include a Gala Dinner. hosted by the charitys Chairman. Lord Ivar Mountbatten. Regain will also continue to approach grant making trusts and foundations so that it can help contribute towards the costs of the charity. projerts and its grants programme. Further develowent of the Grant Panel's rote is expected to take place in 2022. The CEO, alongside the Board of Trustees. will continue to develop the charity within its charitsble aim5, and will continue to seek partnerships with other charities and businesses that will have a lasting benefit for 5POrts injured tetraplegics. COVID-19 The measures taken by the government to limit harm from the COVID-19 pandemic continued to impact the plans for 2021. With events and public gatherings Can1 or postponed the charities ability to raise money from events was Severe limited and consequently income was much lower in 2021. Actions have been put in place to reduce costs in the short term until we are able to fully assess the long term impatt. The charity has a good level of reseThes and is ab to manage the short term loss of income.
REGAIN - THE TRUST FOR SPORTS TETRAPLEGICS IA COMPANY UMITED BY GUARANTEE) REPORT OF THE TRUSTEES FOR THE YEAR ENDEO 31 DECEMBER 2021 Financial review Total income received during the year was £77.470 compared with £71.132 in the previous year. Of this. £10. in 202112020.. £3,250) has been received for specific projects and is re5tritted in use. Event income of £11,429 decreased from £19.257 in 2020. and reflected thè ¢ancÈllation of most physical events in the ye8r. Costs of raising funds amounted to £52,48212020= £70.6841 and expenditure on charitable activities amounted to £61,71112020: £61.9201, inclusive of £20,54212020.. £18,610) for 5pecifi( projects from restricted funds. During the year £13.996 12020-. £nill was transferred from restricted to unrestricted funds. This covered a specific allocation where the funds were intended to offset core costs together with an allocation of management tosts of delivèrin8 projects. The surplus of resources on unrestricted funds was £19.03312020= defKit £23.1121. with the overall net deficit of £5.50512020= deficit £38.4721. Inveslment and re5er¥e5 policy The Tw5tees have the Fower to invest any fund5 not required for irnmediate use on deposit or Énve5t as they see frt. The Trustees, policy i5to maintain a level of reserves which will provide a stable base forthe charitable company's continuing actiwities while at the same time ensuring that feserves are not accumulated. Total tsnrestricted funds at 31 December 2021 are £441.77812020= £422.7451. After deducting tangible assets and investments of £423,84712020- £430,2} there is a surplu5 of £17,931 of free reserves12020.. deficit £8,157). Cashflow will continue to be monitored carefully In 2022. and the Trustees will liquidate investment funds as required. in order to ensure that adequate cash resources are available to meet expenditure. Risk management The Trustees keep under review ihe riskareasto which they believe the Charity may be exposed under the guidance of the CEO. Procedures for mitigation. monitoring and control are in place. A summary of the prin¢iple risks and uncertainties identified by the Trustees are as follows= Risk management The Charity has exposure to liquidity risk. The objertive of the Charity in managing liquidity risk 15 to ensure that it can meet it5 financial liabilities as and when they fall due. There are no borrowings. The amount of resources available to distribute as charitable grants is reviewed by the Trustees on quarterly basis and is the key factor in considering applications. Other operating risks are mitigated by insurance policies kept under re4iew by the CEO.
REGAIN - THE TRUST FOR SPORTS TETIiAPLEGICS (A COMPANY LIMITED BY GUARAMfEE) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 310ECEMBER 2021 Trustees. responsi71t1¢S in relation to the finanrial statements The Trustees (who are also Drrectors of Regain for the purposes of company lawl are responsible for preparing the Annual Report and the financial statemÈnts in accordance with applicable 13w and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Prarticel. Company law requires the Trustees to prepare frnanaal statements for each finanual year which give a true and fair view ofthe state of affairs of the charitsble company and ofthe income and expenditure of the charitable company for that period. In preparing these financial statements. the Trustees are required to selert Suitable accounting policies and then apply them consistently,. observe the method and principles in the Charitie5 SORP.. make judgements and estimates that are reasonable and prudent: state whether applicablè accounting standards have been followed. subject to any material departures disclosed and explained in the financial statements.. prepare the financial statements on ihe £oin8 concern basis unless it Is inappropriate to presume that the Charity will continue in business. The Trustees are responsible for keeping proper accounting record5 that are sufficient to show and explain the charrtable companvs transartion5 and disclose with reasonable accuracy at any time the financial position of the charttable company and to Ènable them to ensurè that the financial statements comply with the Companies Act 2CM)6. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The Trustees, Report has been prepared in a¢cordènce whth the special provisions of Part 15 of the Companies Act 26 lating to small companies. The Trustees meet quarterly and review management accounts. fundraising forecasts and cash flow analyses. The Trustees believe that the Charity is a going concern and for this reason, the going concern basis for the preparation of the financial statements is considered valid. proved b he Trust 5andsi on their behalf by l¥ar Mountbatten Chairman Date: 14th July 2022
REGAIN - THE TRUST FOR SPORTS TETRAPLEGICS (A COMPANY UMITED BY GUARANTEE) INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF REGAIN- THE TRUST FOR SPORTS TETRAPLEGICS I reporton the accounts of the company fortheyear ended 31 t)ecember 2021, whith are setout on page5 8tol6. Re5pertive respon5ibilitiesof trustee5 and examiner The Trustees Iwho are also the directors of the companyfor the purposès of tompany lawl are responsible for the preparation of the accounts. The Tru5tee5 wnsiderthat an audit is not required for this year under sertion 144121 of the Charities Act 2011 (the 2011 Attl and that an independent exaMinatir 15 needed. I am qualified to undertake the examination by bein8 a qualified member of The Institute of Chartered Atcountants in England and Wales. Having satisfied myself that the Charity is not subject to audit under company law and is eligible for independent examination. it is my responsibility to= examine the accounts under section 145 of the 2011 Act.. to follow the procedures laid down in the 8eneral DirertKJns given by the Charity Commisston under sertion 14515llbl of the 2011 Act.. and to state whether particular matters have come to my atteniion. Ba$15 of Independent e¥amlnerf5 report My examination wa5 carried out in accordance with the general Direction5 given by the Charity Commission. An examination intludes a review of the accounting rècords kept by the Charity and comparison of the accounts presented with ihose records. It also includes £on&deration of any unusual item5 Qr disclosures in the accounts. and seeking explanations from you as tru5tee5 concerning any such matters. The procedures undertaken do not provide all the ewdence that would be requ¢red in an audit and consequently no opinion is 8Nen a5 to whether the accounts present a 'true and fair view, and the report is limited to those matters set out in the atement below. Independent examsner'5 Statement In connection with my examination. no matter has come to my attention- 111 which gives rne reasonable cause to bel that in any material re5pert the requirements.. to keep accounting records in accordance with section 386 of the Companie5 Act 2rM)6- and to prepare accounts which accord with the accounting records. comply with the accounting requirements of section 396 of the Companies Act 21 and with the methods and principles of Accounting and Reporting by Charities.. Statement of Recommended Practice ISORPI applicable to charitie5 preparing their accounts in accordance with the Financial Reporting Standard applicable to the United Kingdom and Republic of Ireland IFRS 1021 have not been met.. or 121 to which, in my opinion. attention shoukl be drawn in order to enable a proper understanding of the accounts to be reached. yl Gllb Holbourn FCA. F CA, DChA l Upper Bridge Street, Wye, Kent TN2S SAF Date.. 14 July 2022
REfjAIN. niEIAUST Fort SPORTSTETWcs IACOMPANY LIMffED BY GUAW47EE} STATEME14YOF F114ANCIALAcfiwinES IificoMEAIIDEXPEIIDWRE) FOR THEYEAR ENDED 31 DeCEMOETt 2011 21 A•strfcW Fund5 Tolal Fur4$ VolUnwiffle Events In¥estrnonts Other knrome ior 18.014 19.257 11.929 IF52 67 11.429 U17B 22.094 19.257 IX.929 17,8S2 71.lJZ 12.IX 67.470 77M Paisini lld$ charrtabaits T•te¥wnrftLv 52.•82 4l169 93.6SI SL402 7Q684 43.310 113.994 16.610 18.610 20y2 61.910 1460• IW93 IIOJ421 n31 Realised8ain0nd1fifflQs veae8IIThoft InveStfits Translerbet¥*en fund5 IIS,360 11.734 19.44 13.996 19.033 11.7Y 19.484 231 23.Cth) 4538) 123.1121 iis.¥oi 13e,4Y• Totsl fiJrtdSbrqfvt fvrwlrfat 21 422.745 29323 452.C$7 44SM7 44M2 4W39 411.7 4D4 416 4$7 ThEn0te&Y¢I0ro 16fthr
REGAIN - THE TRUST FOR SPORT5 TRAPLEG1Cs (A COMPANY LIMITED BY GUARANTEE) BALANCE SHEET AS AT 31 DECEMBER 2021 2021 2021 2020 2020 Notes Fixed Assets Tangible assets Investments 674 423.173 I,oio 429.892 423,847 430,902 Cuvrent a4ets Debtors Cash at bank and in hand 1.234 39.577 40,811 2.313 41,604 43,917 Creditors: amounts fallry due within one year 118,096) 122,7521 Net current assets 22,715 21,165 Net assets 446562 452,067 Reserves Unrestricted funds Restricted funds 441.778 4.784 422.745 29,322 Toial fvnds of the Charity 446.562 452,067 For the finan¢ial year ended 31 De¢ember 2021 the Company was entitled to exernption from audit under section 477 Companies Act 2( relating to small wmpanies. The members have not required the ujmpèny to obtain an audit of its financial statements for the year in question in accordance with section 476 of the Companies Act 26. The dirertors aCkrWIedge their responsibilities for cornplying with the requirements of the Act with respect to accounting records and the preparation of financial statements. These financial statements have been prepared in accordance with thè provisions applicable to companies subject to the small companies, regirne. The notes on pages 10 to 16 form part of these financial statements. The financial statements were approved by the Trustees on 14 July 2022 and signed on their behalf by lord Ivar Mountbatten ompany Re8iStrati<)n No. 2883419
REGAIN- THE TRUST FOR SPORTS TETRAPLEGICS IA COMPANY UMITED BY GUARANTEE) NOTES TO THE FINAfrICIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 Ac¢ounling poK¢ies A summary of the principal accounting polioes adopted. judgements and key sources of estimation uncertainty in the preparatron of the accounts are laid out below. Basis of preparati The financial statements are prepared for the year ended 31 December 2021. The financial statements h3ve been prepared under the historical cost convention with items recognised at cost or transaction value unlèss otherwise statèd in the revant accounting policies below or the notes to these accounts. The account5 have been prepared in accordance with Accounting and Reporting by Charities.. Staternent of Recommended Practice applicable to charities preparin8 their accounts in accordance wtth the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021 (Charities SORP FRS 1021. the Financial RewJrtlll8 Standard applicable in the United Klngdom and Republicof Ireland IFRS 1021 and the Charities Act 2011. The Charity Constitutes a public benefit entity as defined by FRS 102. The accounts are presented in sterfing and are murKled to the nearest pound. Critical accounti eslimales and areas of judgement Prèparation of the accounts requires the trustees and management to make significant judgemènts and estimates. The iterns in the accounts where these jud8tments and estimates have been made include= Estimating the useful economic life of tangible fixed asset5 Allocation of 5UPPQrt Costs Assessment ol going ¢oncern The Trustees have assessed whetherthe use of the8oin8 concern assumption is appropriate in preparing these accounts. The Trustees have madethis assessment in respecttoa period of one year from the date of approval of these accounts. The Trustees of the Charity have concluded that there are no material uncertainties related to events or condittons that may cast significant doubt on the ability of the Charity to continue as a Boing concern. The Trustees are of the opinion that the Charity will have sufficient resources to meèt its liabilities as theyfall due. The most significant areas of judgement that affect items in the accounts are detailed above. Pensions Employees of the Charity are entitled to join a defined contribution 'money purchase, scheme. The Trust's contribution is disclosed in note 8. There were no outstanding contribution5 (employer and employee) at the vear end. The costs of the defined contribution scheme a included within support and governance costs in note 3. The Charity ha5 no liability beyond making its contributions ar paying across the dedurtion5 for the employee's contributions. io
REGAIN - THE TRUST FOR SPORTS TETRAPLÉGICS IA COMPANY UMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEM8ER 2021 ¢OUnlifftg policies Icontinuedl Income All income is included in the Statement of Financial Activities when the Charity is entitled to the income. receipi is probable and the amount can be quantified with reasonable accuracy. The following specific policies apply to categorie5 Of inc(Kne- Donations are recognised as income when receivable. except insofar as they are incapable of financial measurement. Investment inc¢e is a¢counted for in the period in which the Charity is entitled to receipt. Donated services and facilities are included at the value to the Charity where this can be quantified. The value of sefvices provided by volunteers has not been included in these accounts. Expenditure Expendtture is recognised on an accruals basis as a lialmlity is in¢urred. All costs are allocated between the expenditure categories in the statement of financial aciivities based on the use of the resource. Grants payable are charged in the year when the offer is conveyed to the recipient. Governance costs are included within charitable activities and reflect the costs of an independent exarnination in order to meet the constr(utional and statutory reouirements of the Charity. The costs of raising funds include relevant proportions of the salaries of those responsible for fundraising and the Costs of items used solely for fundraising (leaflets, etc.). The Charity exists in order to deliver a front-line service and only fundraises to facilitate that activity- other support costs therefore have been allocated to charitable activities. Related party iransa¢bons There have been no related party iransartions in the reporting period that require disclosure. Tangible fixed assets and depreciation Tangible fixed a55et5 are stated at C05t less depCIatI0Th. The costs of minor additions or those costing less than £l.C(JO are not capitalised. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life. as follows: Computer Equipment 25% 5traiBht line Debtors Oebtors are recognised at their settlement amount, less any provision for non-recoverability. Prep3yments are valued at the amount prepaid. They have been discounted to the present value of the fLrture cash receipt where such discounting is rnaterial. i.io Investments The fixed asset investments are invested in UK investment tfUStS. This investment is a form of financial instrument Initial recognised at transaction value and subsequently measured at fair value at the balance Sheet date using the closing quoted market price. Any gainlloss on revaluation and disposal are recorded in the statement of financial activities. li
REGAIN - TrIE TRUST FOR SPORTS TETRAPLEGICS (A COMPANY UMITED BY GUARANTEEI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 Accowrting polkies I¢Miinuedl 1.11 Cash at bank and in hand Cash at bank and in hand preSentS such awnounts and instruments that a available on demand or have maturity of less than three months from the date of acquisition. Deposits for more than three months but less than one year have been disclosed as short-term deposits. Cash placed on deposit for more than one year is disclosed as a fiyed asset investment. 1.12 Credilors and provisions Creditors and provisions are recognised when there is an obligation at the balance sheet date as a result of a past event, it 15 probable that a transfer of economic benefit will be required in settlement. and the amount of the settlement can be estimated reliably. Creditors and provtsions are recognised at the amount the Charity anticipates it will pay to settle the debt. They have been discounted to the present value of the future cash paymènt where such discounting is material. 1.13 Attnlated funds Unrestricted funds are donations and other incorne receivable for the objects of the Charity without further specific conditions and are available as general funds. Restricted funds which have been donated for a specific purpose. are restricted in use to that project and not available as general funds. 1.14 Taxation Regain is a registered charity and therefore is not liable to income tax or corporation tax on income derived from its charitable artivities, as it falls within the various exemptions available to registered charities. Income and endowments 2021 2021 Unrwri¢ted Restricted 2021 Total 2020 2020 Unrestritted Restrlrted 2020 Total Voluntary income 36.363 lo. 46,363 18.844 3,250 22,094 Brought forward Events income received Carried forward Events 14151 11.844 14151 11.844 2,229 17.443 14151 19.257 2.229 17,443 14151 19.257 11.429 11.429 Investment income Bank interest Investment trust Investment income 12 11,917 11.929 12 11.917 11.929 12.172 12.178 12,172 12,178 her Income 7.5tW) 67A70 17,852 67A82 17,852 71.132 Income and endowments io,( 77,470 3250 12
REGAIN - THE TRUST FOR SPORTS TETRAPLEGICS IA COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 3 Total expenditure Dirert Support Total 2021 Totsl 2020 Raising funds Charltable activitie5 13.840 33.449 47.289 38.642 28.262 66.904 52,482 61.711 114.193 70,684 61.920 132.604 Unrestritted funds Restrirted fd$ Total 2021 Totsl 2020 Raising fund5 Employment costs and expenses of employee fundraiser Event Costs 10,841 15,965 26.806 43,878 13.779 13,839 38.643 13,779 13,839 38,643 Support Costs lsee next pagel 52.482 52,482 70.684 Charltable activttles Grants made for the purchase of equipment= Wheelchair5 Hand bike5, computers and other Carers respite grants Awarene55 days 12.175 1.932 11.2C(JI 13.1(Kl 5139 2.303 25.275 7.071 1.103 3.970 19.388 4.360 12,907 20,542 33,449 27,718 Costs of tetrapIecS and their carers attending events 2.450 30,168 21.939 52,107 12.907 19.321 32,228 20.542 33.449 19.321 52,770 Support costs Isee next pagel 20.$42 Governance costs Independent examination fee Support costs Isee ne( pagel 2,5 6.441 2.5C(I 6,441 61,711 2.500 7.313 41.169 20,$42 61.920 Total empendlture l¢oniinued) 13
REGAIN - THE TRUST FOR SPORTS TRAplEGICs {A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 2021 2020 Staff costs Meeting and travel costs Insurance Rent and Rates Depreciation Professional Fees Other expenses 54.155 1,123 2.021 51.473 1,087 1,968 8,651 336 3.809 5,806 336 6,470 73.130 Allocated.. Costs of generating voluntary incorne16CI61 Charitable actNities130%1 Governance cost5110%1 38,643 19.321 6.441 43,878 21.939 7,313 73.130 Tan8ible fixÈd assets Total Cost At l January 2021 Additions 26,391 At 31 December 2021 26,391 Depreciaiion At l January 2021 Char8e for the year 25,381 336 At 31 December 2021 25.717 Net book value At 31 Dècember 2021 674 At 31 December 2020 i.oio 14
RÉGAIN - THE TRUST FOR SPORTS TETRAPLEGICS (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OECEMBÉR 2021 Flxed Asset Investments Movement in fixed asset investments 2021 2020 Market value at l January Additions to investments at cost Disposal Proceed5 Realised gain on disposal Unrealised gain on revaluation 402.936 35,977 150,0521 11.734 19.484 379,936 23,000 Market value a5 at 31 December 420,079 402.936 Historical cost as at 31 Dernber 318.252 320,593 Investments at market value coftwised: 2021 2020 UK Investment Trust- Sarasin Endowments Fund Class A Inc Cash deposit 420,079 3,094 402.936 26,956 423.173 429.892 Debtors and prepayments 2021 2020 Prepayments and accrued income 1.234 2.313 2,313 1.234 Creditors: amounts falling due within one year 2021 2020 Taxation and social security Deferred event income Committed charitable expenditure Accruals and other creditors 4,490 465 415 18,631 3,241 9.519 4.087 18,096 22.752 15
REGAIN - THE TRUST FOR SPORTS TETRAPiEGICS (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 8 Employees Numbei of employees The average monthly number of employees during the ar was I12020- 1.31. 2021 2020 Staff costs Wages salaries Social security costs Pension contribution (see note 1.41 60.542 228 2.842 54.155 62.187 No individual ernployee eamed emoluments (excluding employer pension costs) of more than £60.000 in 2021 or 2020. None of the Trustees lor any person connected with them) received any remuneration or expenses during the year12020.' nonel. Analysis of chariiable funds Net Gain on in¥esQments 2021 Gain ¢>n disposal of fixed assets Transfer 2021 2021 Fund5 B/fwd 2021 Fund5 C/fvid 2021 lor year 2021 Unrestrrcted Re5trirted 422,745 29,322 126.1811 110,5421 31.218 13.996 113.9961 441,778 4,784 452.067 136,7231 31.218 446.562 2020 2020 2020 2020 2020 2020 Unrestricted. Restricted 445,857 44.682 490.539 146.1121 115.3601 161.4721 23.( 422,745 29.322 452,067 23,(U) RestTlCted income of £lO.((#)12020.' £3.2501 was received in the year for equipment. 16