2022-12-31-accounts - Regain - The Charity For Tetraplegics

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Company Registration No. 2883419 (England and Wales) Registered Charity No: 1030693

REGAIN - THE TRUST FOR SPORTS TETRAPLEGICS

.(A COMPANY LIMITED BY GUARANTEE)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

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REGAIN - THE TRUST FOR SPORTS TETRAPLEGICS (A COMPANY LIMITED BY GUARANTEE) CONTENTS

Patrons		Barry Davies MBE
		Brough Scott MBE
		Dr Fred Middleton		.
		Mark Foster
		Paul Sculthorpe MBE
		Peter Norfolk OBE
		Kylie Grimes MBE
		Jonathan Coggan MBE
Trustees		IvanJones (Chairman) (appointed 30" March		2023)
		Alexandra Hodges	:
		Ben Moorhead DL
		Dominic Coleman
		FaisalSultan (resigned 13"October2022)
		Lord Ivar Mountbatten DL
		Miles Dean
		Paul Coleman
		Rob Smith
		Stephen Killick
Chief Executive Officer		Paul Lawrence
Charity number		1030693 (England and Wales)
Companynumber		2883419
Registered office		HCR Hewitsons
		3 Dorset Rise
		London
		EC4Y 8EN
Principal office		HCR Hewitsons
		3 Dorset Rise
		London
		EC4Y 8EN
IndependentExaminer		GilbertHolbourn FCA, FCCA, DChA
		1 Upper Bridge Street
	.	Wye, Kent
		TN25 SAF
Bankers		Lloyds Bank Pic
		13-14 Cornmarket
		Thame
		OX92BN

REGAIN - THE TRUST FOR SPORTS TETRAPLEGICS (A COMPANY LIMITED BY GUARANTEE) CONTENTS

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Page
Report of the Trustees 1-6
Independent examiner's report 7
Statement of financial activities 8
Balance sheet 9
Notes to the financial statements 10-16
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REGAIN - THE TRUST FOR SPORTS TETRAPLEGICS (A COMPANY LIMITED BY GUARANTEE) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022

‘

The Trustees present their Report together with the Financial Statements for the year ended 31 December 2022.

Organisation, Structure and Governance

Governing document

The Trevor Jones Tetraplegic Trust was created as a charity in 1988 and was incorporated on 17 December 1993 when it was registered with the Charity Commissioners for England and Wales as Charity No 1030693. In order to accurately reflect the work and scope of the Trust, the name was changed to Regain - The Trust for Sports Tetraplegics ("Regain”) on 19 May 1995. Regain is the only charitable organisation dedicated solely to improving the independence of all British men and women who have become tetraplegic as a result of a competitive sports injury.

Regain is a company limited by guarantee governed by its Memorandum and Articles of Association.

Appointment of trustees

Trustees are selected to give an appropriate range of skills and experience, and are recruited by personal contact or by using Reach (www.Reachskills.org.uk). New trustees are introduced to the other trustees at one of their quarterly meetings and if considered suitable appointed at that 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 Commission which outlines their responsibilities and duties as a trustee. Organisation The board of trustees (the “Trustees”) administers the charitable company. They meet quarterly to make the operational decisions. The day-to-day running of the charitable company is delegated to the Chief Executive Officer (“CEO”).

Trustees

The following have held office since 1 January 2022 :

Ivan Jones (Chairman) Appointed 3th March 2023 Ben Moorhead

Alexandra Hodges Dominic Coleman Faisal Sultan (resigned 13" October 2022) Lord Ivar Mountbatten (Chairman) Miles Dean Paul Coleman Rob Smith Stephen Killick

REGAIN - THE TRUST FOR SPORTS TETRAPLEGICS (A COMPANY LIMITED BY GUARANTEE) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022__—

Objectives and activities

Mission - 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

Vision - Every sport injured tetraplegic is given an equal opportunity to live as full a life as possible

Aims

® Tohelp sports tetraplegics lead independent and fulfilling lives by fully or part funding equipment and facilities that improve mobility, communication, educational options and employment opportunities
e To raise funds through donations, events, sponsorship, legacies and gifts in kind
e Todevelop and maintain relationships with tetraplegics and provide support to them and their families and carers
e Tocollaborate with other spinal injury charities, and to develop partnerships that will have a lasting benefit for the charity and its beneficiaries
e Toincrease the awareness of risks and educate the general public to try and reduce the number of accidents resulting in tetraplegia
e Toensure that the governance of Regain is working towards best practice

The strategies employed to achieve the charitable company’s objectives are kept under review.

The main activities of the charitable company are arranging fundraising events and writing to charitable trusts and corporate donors to support the many grant applications.

Public benefit statement

The Trustees confirm 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 policy for grant making

The first action an applicant takes 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, a trustee and a previous grant beneficiary review all applications and interview all applicants that meet the required funding criteria, before making recommendations to the Board of Trustees. It is vital for Regain to develop an excellent working relationship with its beneficiaries, and as the majority of applicants are applying for the first time, this method of interviewing them either on Zoom or on the telephone is _ . an extremely good chance to establish this relationship. It is during these calls that the charity’s other work is outlined to the applicant, and they are encouraged to join in other areas of the charity’s work such as fundraising or tetra talk, although it is not a condition of a grant award.

Fundraising

Regain is registered with the Fundraising Regulator and complies with their code of practice

REGAIN - THE TRUST FOR SPORTS TETRAPLEGICS (A COMPANY LIMITED BY GUARANTEE) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022

‘

Achievements and performance

The CEO, in collaboration with the trustees, agreed various deliverable actions for 2022 against each of the aims of the organisation. These actions and its progress are reported at the quarterly trustees meetings.

Regain’s main purpose as an organisation continues to be awarding grants to sports injured tetraplegics. During 2022, Regain awarded grants to 17 applicants, amounting to £47,322 (2021: £33,449). Equipment which was funded included several wheel chair power add-ons, hybrid hand bikes, custom made racing wheelchair, tetra hand cycling gloves and a power chair. Regain also funded the costs of carers of tetras that enabled them to participate in the London to Amsterdam ride.

;

Throughout 2022, Regain facilitated a number of different fundraising initiatives to try and not only bring in the funds required for the charity to give out as grants, but to also re-engage with the charity's existing supporter base. A Spinal Unit Cycle Tour was planned for June 2022 that would have seen participants cycle to each of England's Spinal Injury Units over a two-week period. Sadly, the costs of the challenge were too great and were not able to be covered with corporate support, and so the event was postponed until 2024. it is hoped that over the course of 2023, new relationships with corporates will be established who would come on board as sponsors of the event.

in its place, a London to Amsterdam ride was ran in partnership with Dream Challenges. This event saw over 20 participants, 4 of whom were tetraplegic, cycle from the Olympic Stadium in London to Central Amsterdam over two days. In total £11,683 was raised from the challenge, which included a significant donation from a new corporate partner, Cavendish Brooke Financial Management.

The London Marathon was held in October 2022, which saw five Regain runners taking part, raising a total of £6,590.

A Gala Dinner was hosted by the charity’s Chairman, Lord Ivar Mountbatten, at his estate in Devon during November. 70 guests attended the evening, raising a total of £9,384.

REGAIN - THE TRUST FOR SPORTS TETRAPLEGICS (A COMPANY LIMITED BY GUARANTEE) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022

Achievements and Performance

income from charitable trusts throughout 2022 totalled £18,000 (2021: £30,300). Investment in Trust and Foundation fundraising will increase in 2023, as event income is likely to be less than forecast due to the ongoing cost of living issues.

Regain continued to provide a weekly tetra talk zoom meeting. Beneficiaries supporting each other with day to day issues such as benefit support, carer support and also the chance to talk to someone else in a similar position has proved popular amongst those who participate.

Plans for the future

Regain has further plans in 2023 to facilitate the running of another overseas ride for its supporter base and its beneficiaries, with a Milan to Venice ride planned for September 2023. Also, an event held at Thruxton Race Circuit is planned that will give beneficiaries and their families a chance to participate in a fundraising cycling event around the track.

Regain appointed a new Chairman in March 2023, after Lord Ivar Mountbatten confirmed that he will be standing down but remaining as a trustee. The new Chairman will oversee a strategic review of the organisations work and a new business plan will be formulated for the next 3 years. ‘

Financial review

Total income received during the year was £92,784 compared with £77,470 in the previous year. Of this, £5,000 in 2022 (2021: £10.000) has been received for specific projects and is restricted in use.

Event income of £41,995 (2021: £11,429) represented an improvement over the previous year as events were able to go ahead with the lifting of Covid restrictions.

Costs of raising funds amounted to £62,824 (2020: £52,482) and expenditure on charitable activities amounted to £73,617 (2021: £61,711), inclusive of a net £3,675 of expenditure written back (2021: net expenditure £20,542) for specific projects from restricted funds.

During the year there were no transfers between restricted and unrestricted funds (2021: £13,996)

The deficit of resources on unrestricted funds was £102,773 (2021: surplus £19,033), with the overall net deficit of £94,098 (2021: deficit £5,505). ,

Total unrestricted funds at 31 December 2022 are £339,005 (2021: £441,778).

After deducting tangible assets and investments of £333,243 (2021: £423,847) there is a surplus of £5,662 of free reserves (2021: £17,931). Cashflow will continue to be monitored carefully in 2023, and the Trustees will liquidate investment funds as required, in order to ensure that adequate cash resources are available to meet expenditure.

REGAIN - THE TRUST FOR SPORTS TETRAPLEGICS (A COMPANY LIMITED BY GUARANTEE) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022

Investment and reserves policy

The Trustees have the power to invest any funds not required for immediate use on deposit or invest as they see fit.

The Trustees’ policy is to maintain a level of reserves which will provide a stable base for the charitable company's continuing activities while at the same time ensuring that reserves are not accumulated.

Risk management

The Trustees keep under review the risk areas to 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 principle risks and uncertainties identified by the Trustees are as follows:

Risk management

The Charity has exposure to liquidity risk. The objective of the Charity in managing liquidity risk is to ensure that it can meet its 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 a quarterly basis and is the key factor in considering applications. Other operating risks are mitigated by insurance policies kept under review by the CEO.

REGAIN - THE TRUST FOR SPORTS TETRAPLEGICS (A COMPANY LIMITED BY GUARANTEE) REPORT OF THE TRUSTEES | FOR THE YEAR ENDED 31 DECEMBER 2022

Trustees’ responsibilities in relation to the financial statements

The Trustees (who are also Directors of Regain for the purposes of company law) are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and "United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial year which give a true and fair view ofthe state of affairs of the charitable company and of[the][ income][and][expenditure] of the charitable company for that period.

In preparing these financial statements, the Trustees are required to

select suitable accounting policies and then apply them consistently;
- observe the method and principles in the Charities SORP;
make judgements and estimates that are reasonable and prudent;
state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.

The Trustees are responsible for keeping proper accounting records that are sufficient to show and explain the charitable company’s transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. 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 accordance with the special provisions of Part 15 of the Companies Act 2006 relating 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 foetke preparation of[the][financial][statements][is][considered][valid.] Xpproved hore ees_and signed on their behalf by . A AF = — Ivan Jones Cha 4 Date: 6" July 202 .

REGAIN - THE TRUST FOR SPORTS TETRAPLEGICS (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

| report on the accounts of the company for the year ended 31 December 2022, which are set out on pages 8 to 16.

Respective responsibilities of trustees and examiner

The Trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The Trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. | am qualified to undertake the examination by being a qualified member of The Institute of Chartered Accountants 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:

G6
® examine the accounts under section 145 of the 2011 Act; e to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
e tostate whether particular matters have come to my attention.

Basis of independent examiner's report

My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view' and the report is limited to those matters set out in the statement below.

Independent examiner's statement

In connection with my examination, no matter has come to my attention:

(1) which gives me reasonable cause to believe that in any material respect the requirements:

e to keep accounting records in accordance with section 386 of the Companies Act 2006; and ¢ to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of Accounting and Reporting by Charities: Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable to the United Kingdom and Republic of Ireland (FRS 102) have not been met: or

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Gilbert Holbourn FCA, FCCA, DChA 1 Upper Bridge Street, Wye, Kent TN25 SAF

Date: 5" July 2023

;

REGAIN - THE TRUST FOR SPORTS TETRAPLEGICS

; STATEMENT(A COMPANY OFLIMITEDFINANCIALBY GUARANTEE) ACTIVITIES (INCOME AND EXPENDITURE) FOR THE YEAR ENDED 31 DECEMBER 2022

			2022			2022	2022	2021	2021		2021
		Note	Unrestricted			Restricted	Tota!	Unrestricted	Restricted		Total
			Funds			Funds	Funds	Funds	Funds	Funds
			£			£	£	£	£		£
Income and endowmentsfrom:				:
Voluntaryincome			25,575			5,000	30,575	36,363	10,000		46,363
Events . investments			41,995 10,214			- -	41,995 10,214	11,429 12,178	- -		11,429 12,178
Otherincome			10,000			-	10,000	7,500	-	.	7,500
Totalincomeandendowments		2	87,784			5,000	92,784	67,470	10,000		77,470
					.
Expenditureon:
Raising funds			62,824			-	62,824	52,482	.		52,482
Charitable activities			77,392			(3,675)	73,717	41,169	20,542		61,711
Totalexpenditure		3	140,216			(3,675)	136,541	93,651	20,542		114,193
Net(outgoing)/incoming resourcesforyear			(52,432)			8,675	(43,757)	(26,181)	(10,542)	(36,723)
Realised gainon disposal ofinvestments		s	8,438			-	8,438	11,734	-		11,734
Unrealised gain/(!oss) on investments		5	(58,879)			-	(58,879)	19,484	-		19,484
Transferbetween funds			-			-	-	13,996	(13,996)		-
Net (deficit)/surplus fundsforyear	:		(102,873)			8,675	(94,198)	19,033	(24,538)		(5,505)
Totalfunds brought forward at 1Jan2021			441,778			4,784	446,562	422,745	29,322		452,067
Totalfunds carried forward at 31 December2021		9	338,905			13,459	352,364	441,778	4,784	446,562

All recognised gains and losses are included in the statement of financial activities. The results for the year all relate to continuing operations. The notes on pages 10 to 16 form part of these financia! statements. 8

REGAIN - THE TRUST FOR SPORTS TETRAPLEGICS (A COMPANY LIMITED BY GUARANTEE) BALANCE SHEET AS AT 31 DECEMBER 2022

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2022 2022 2021 2021
Notes £ £ £ £
| |
Fixed Assets
Tangible assets 4 338 674
Investments 5 332,905 423,173
333,243 423,847
Current assets
Debtors 6 1,306 1,234
Cash at bank and in hand 36,651 39,577
37,957 40,811
Creditors: amounts falling due
within one year 7 (18,836) (18,096)
Net current assets 19,121 22,715
Net assets 352,364 446,562
Reserves 9
Unrestricted funds 338,905 441,778
Restricted funds 13,459 4,784
Total funds of the Charity 352,364 446,562
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For the financial year ended 31 December 2022 the Company was entitled to exemption from audit under section 477 Companies Act 2006 relating to small companies.

The members have not required the Company to obtain an audit of its financial statements for the year in question in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying 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 the provisions applicable to companies subject to the small companies’ regime.

The notes on pages 10 to 16 form part of these financial statements.

The financial statements were approved by the Trustees on 6" July 2023 and signed on their behalf by

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REGAIN - THE TRUST FOR SPORTS TETRAPLEGICS (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

1 Accounting policies

A summary of the principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the accounts are set out below.

1.1 Basis of preparation

The financial statements are prepared for the year ended 31 December 2022.

The financial statements have been prepared under the historical cost convention with items recognised at . cost or transaction value unless otherwise stated in the relevant accounting policies below or the notes to these accounts.

The accounts 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 United Kingdom and Republic of ireland (FRS 102) (Charities SORP FRS 102), the Financial Reporting Standard applicable in the United Kingdom and Republic of ireland (FRS 102) and the Charities Act 2011.

The Charity constitutes a public benefit entity as defined by FRS 102.

The accounts are presented in sterling and are rounded to the nearest pound.

1.2 Critical accounting estimates and areas of judgement

Preparation of the accounts requires the trustees and management to make significant judgements and estimates.

The items in the accounts where these judgements and estimates have been made include:

Estimating the useful economic life of tangible fixed assets
e = Allocation of support costs

1.3 Assessment of going concern

The Trustees have assessed whether the use of the going concern assumption is appropriate in preparing these accounts. The Trustees have made this assessment in respect to a 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 conditions that may cast significant doubt on the ability of the Charity to continue as a going concern. The Trustees are of the opinion that the Charity will have sufficient resources to meet its liabilities as they fall due. The most significant areas of judgement that affect items in the accounts are detailed above.

1.4 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 contributions (employer and employee) at the year end. The costs of the defined contribution scheme are included within support and governance costs in note 3. The Charity has no liability beyond making its contributions and paying across the deductions for the employee’s contributions.

REGAIN - THE TRUST FOR SPORTS TETRAPLEGICS (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

1 Accounting policies (continued)

1.5 Income

All income is included in the Statement of Financial Activities when the Charity is entitled to the income, receipt is probable and the amount can be quantified with reasonable accuracy. The following specific policies apply to categories of income: .
¢ Donations are recognised as income when receivable, except insofar as they are incapable of financial measurement.
e_ —_Investment income is accounted 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 services provided by volunteers has not been included in these accounts.
1.6 Expenditure

Expenditure is recognised on an accruals basis asa liability is incurred.

All costs are allocated between the expenditure categories in the statement of financial activities 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 examination in order to meet the constitutional and statutory requirements 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 have therefore been allocated to charitable activities.

1.7 Related party transactions

A fundraising event was held during the year and the costs included an amount of £3,018 paid to Bridwell Park Estate Ltd, a company controlled by Lord Ivar Mountbatten.

1.8 Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. The costs of minor additions or those costing less than £1,000 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% straight line
1.9 Debtors

Debtors are recognised at their settlement amount, less any provision for non-recoverability. Prepayments are valued at the amount prepaid. They have been discounted to the present value of the future cash receipt where such discounting is material.

1.10 Investments

The fixed asset investments are invested in UK investment trusts.

This investment is a form of financial instrument initially recognised at transaction value and subsequently measured at fair value at the balance sheet date using the closing quoted market price. Any gain/loss on revaluation and disposal are recorded in the statement of financial activities.

REGAIN - THE TRUST FOR SPORTS TETRAPLEGICS (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

1 Accounting policies (continued)

1.11 Cash at bank and in hand

Cash at bank and in hand represents such amounts and instruments that are available on demand or have a maturity of less than three months from the date of acquisition. Deposits for more than three months but Jess than one year have been disclosed as short-term deposits. Cash placed on deposit for more than one year is disclosed as a fixed asset investment.

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1.12 Creditors 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 is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Creditors and provisions 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 payment where such discounting is material.

1.13 Accumulated funds

Unrestricted funds are donations and other income 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 activities, as it falls within the various exemptions available to registered charities.

2 income and endowments

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|||||||||| |---|---|---|---|---|---|---|---|---| |2022|2022|2022|2021|2021|2021| |Unrestricted|Restricted|Total|Unrestricted|Restricted|Total| |£|£|£|£|£|.|£| |Voluntary|income|25,575|5,000|30,575|36,363|10,000|46,363| |Brought forward|-|-|-|(415)|-|(415)| |Events|income|received|43,081|-|43,081|11844|-|11,844| |Carried forward|(1,086)|-|(1,086)|-|-| |Events|41,995|-|41,995|11,429|-|11,429| |Investment|income| |Bank|interest|1|-|1|6|-|6| |Investment|trust|10,213|-|~|10,213|12,172|-|12,172| |tnvestment|income|10,214|-|10,214|12,178|-|12,178| |Other Income|10,000|-|10,000|7,500|-|7,500| |income and|endowments|87,784|5,000|92,784|67,470|10,000|77,470|

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REGAIN - THE TRUST FOR SPORTS TETRAPLEGICS (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

Totalexpenditure
	Direct	Support	. Total	Total
	costs	costs	2022	2021
	£	£	£	£
Raisingfunds	27,132	35,692	62,824	52,482
Charitable activities	47,322	26,395	73,717	61,711
	74,454	62,087	136,541	114,193
	Unrestricted	Restricted	Total	Total
	funds	funds	2022	2021
	£	£	£	£
Raisingfunds
Employment costsand expenses of
employee fundraiser	-	~	-	60
Event costs	27,132	-	27,132	13,779
	27,132	-	27,132	13,839
Support costs (see next page)	35,692	-	35,692	38,643
	62,824	-	62,824	52,482
Charitable activities
Grants made forthe purchase ofequipment:
Wheelchairs	25,047	(3,675)	21,372	25,275
Hand bikes, computers and other	23,850	-	23,850	7,071
’ Carers respite grants	-	-	-	1,103
Costs of tetraplegics and theircarers
attendingevents	2,100	-	2,100	-
	50,997	(3,675)	47,322	33,449
Support costs (see next page)	17,846	-	17,846	19,321
	68,843	(3,675)	65,168	52,770
Governance costs
Independentexamination fee	2,600	-	_ 2,600	2,500
Support costs (see next page)	5,949	-	5,949	6,441
	77,392	(3,675)	73,717	61,711

REGAIN - THE TRUST FOR SPORTS TETRAPLEGICS (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

3 =Total expenditure (continued)

					2022	2021
					£	£
	Staffcosts				51,354	$4,155
	Meeting and travel costs				-	1,123
	Insurance				1,983	2,021
	Rentand Rates				‘120	300
	Depreciation				336	336
	Other expenses				5,694	6,470
					59,487	- 64,405
	Allocated:	Costs	ofgenerating voluntaryincome(60%)		35,692	38,643
		Charitable activities (30%)			17,846	19,321
		Governance costs (10%)			5,949	6,441
					59,487	64,405
	.
4	Tangible fixed	assets
						Total
						£
	Cost		.
	At 1January 2022					26,391	,
	Additions					-
	At31 December 2022					26,391
	Depreciation
	At 1January 2022					25,717
	Charge fortheyear	year				336
	At31 December2022					26,053
	Net bookvalue
	At 31 December 2022					338
	At31December2021			.		674

REGAIN - THE TRUST FOR SPORTS TETRAPLEGICS (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

5	__Fixed AssetInvestments
	Movement in fixed asset investments				2022	2021
					£	£
	Marketvalue at 1January			‘420,079		402,936
	Additionsto investmentsat cost		:		13,249	35,977:
	Disposal Proceeds				(50,000)	(50,052)
	Realised gain on disposal				8,438	11,734
	Unrealised gain/(loss) on revaluation				(58,879)	19,484
	Marketvalue as at31 December				332,887	420,079
	Historical costasat31December				289,939	318,252
	Investments at marketvalue comprised:				2022	2021
					£	£
	UK investment Trust—Sarasin Endowments Fund ClassA Inc				332,887	420,079
	Cash deposit			;	18	3,094
					332,905	423,173
6	Debtorsand prepayments				2022	2021
					£	£
	Prepayments and accrued income ,				1,306	1,234
		.			1,306	1,234
7	Creditors:amountsfallingduewithinoneyear				2022	2021
					£	£
	Taxation and social security				2,943	4,490
	Committed charitable expenditure				7,898	9,519
	Accruals and other creditors				7,995	4,087
					18,836	18,096

REGAIN - THE TRUST FOR SPORTS TETRAPLEGICS (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

8 Employees

Number of employees

The average monthly number of employees during the year was-1 (2021 — 1).

	2022	2021
	£	£
Staff costs
Wagesand salaries	50,000	50,000
Social security costs	-	2,842
Pensioncontribution (see note 1.4)	1,354	1,313
	51,354	54,155

No individual employee earned emoluments (excluding employer pension costs) of more than £60,000 in 2022 or 2021.

None of the Trustees (or any person connected with them) received any remuneration or expenses during the year (2021: none).

Analysisofcharitablefunds	Analysisofcharitablefunds
		Net	(Loss)	Gainon
	Funds	resources	on	disposal of		Funds
	B/fwd	foryear	investments	fixed assets	Transfer	C/fwd
	2022	2022	2022	2022	2022	2022
	£	£	£	£	£	£
Unrestricted	441,778	(52,432)	(50,441)	-	-	338,905
Restricted	4,784	8,675	-	-	-	13,459
	446,562	(43,757)	(50,441)	-	-	352,464
	2021	2021	2021	2021	2021	2021
	£	£	£	£	£	£
Unrestricted	422,745	(26,181)	31,218	-	13,996	441,778
Restricted	29,322	(10,542)	-	-	(13,996)	4,784
	452,067	(36,723)	31,218	-	-	446,562

Restricted income of £5,000 (2021: £10,000) was received in the year for equipment.