Company Registration No. 2883419 IEnBland and Wales) Registered Charity No: 1030693 REGAIN - THE TRUST FOR SPORTS TETRAPLEGICS IA COMPANY LIMITED BY GUARANTEE) FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 lllllllllllll AD8V¢uNE 0510812024 COMPINIES HOUSE A16
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REGAIN - THE TRUST FOR SPORTS TETRAPLEGICS {A COMPANY LIMSTED BY GUARANTEE) LEGAL AND ADMINISTRATION INFORMATION Patrons Barry Davies MBE Brough Scott MBE Dr Fretl Middleton Mark Foster Paul Sculthorpe MBE Peter Norfolk 08E Kylie Grimes MBE Jonathan Coggan MBE Trustees Ivan Jones Ichairmanl Appointed 3tt March 2023 Alexandra Hodges Dominic Coleman Lord Ivar Mountbatten DL Miles Dean Paul Colernan Rob Smith Stephen Killick Chief Executive Officer Paul Lawrence Chèrity number 1030693 IEngland and Wales) Company number 2883419 Re8lStered office l Howe Close Sheftley Radlett Hertfordshire WD7 9JF Principal office l Howe Close Shenley Radlett Hertfordshire WD7 9JF Independent Examiner Gilbert Holbourn FCA. FCCA. DChA l Upper Bridge Street Wye. Kent TN25 SAF Bankers Lloyds 8ank PIC 13-14 Cornmarket Thame OX9 2BN
REGAIN - THE TRUST FOR SPORTS TETRAPLEGICS {A COMPANY LIMITED BY GUARANTEEI CONTENTS Page Report of the TTUStee5 Independent examinerfs report Statement of financtal activities Balance sheet Notes to the financial statements 10-16
REGAIN - THE TRUST FOR SPORTS TETRAPLEGICS IA COMPANY LIMITED BY GUARANTEE) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 310ECEMBER 2023 The Trustees present their Report together wrth the Frnancial Statements for the year ended 31 December 2023. Organi5ation, Strurture and Governance Govemlng document The TVOr Jones Tetraplegic Trust was (ated as a charity in 1988 and was incorporated on 17 December 1993 when it was re8lStered with the Chartty 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 Twst for Sports Tetraplegics I"Regain"l on 19 May 1995. Regain 15 the only charitable organisation tledicatetl solely to improving the independence of all British men and women who have become tetraplegic as a result of a competitive sports injury. Re8ain is a company limited by guarantee 8ovemed by its Memorandum and Article5 01 Association. Appointment of trustees Trustees are selected to give an appropriate range of skills and experience, and are recruited bv personal contact or by using Reach Iwww.Reachskills.OTg.ukl. New trusiees are introduced to the other trustees at one of their quarterly meetin85 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. Or8anisation The boaid of trustees Ithe Yrustees~l administers the charitable company. They meet quarterly to make the operational decisions. The day-to-day running of the charitsble company is delegated to the Chief Executive Officer I"CEO"I. Trustees The following have held office since l January 2023- Ivan lones Ichairmanl appointed 3tY March 2023 Ben Moorhead Iresigned 27 September 20231 Alexandra Hodges Dominic Coleman Lord Ivar Mountbatten Iresigned as Chairmèn 31Y Marth 20231 Msles Dean Paul Coleman Rob smith Stephen Killick The trustees would like to thank Ben Moorhead for his dedication, hard work and valuable contribution to the charity durin8 hi5 22 year tenure as a trustee.
REGAIN - THE TRUST FOR SPORTS TETRAPLEGICS IA COMPANY LIMITED BYGUARANTEE) REPORTOF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 Objectives ènd activities Mission- To improve the qvality 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 tetraple8it Visi¢n- Every sport injyre(I tetraplegic is given an equal opportunity to live as full a life as possible Aim5 To help sports tetraplegics lead tndependent and fulfilling lives by fully or part funding equipment and facilrties that improve mobility, commuftication. educational options and employment opportur7ities To raise funds through donation5, evenis. sponsorship, le8acies and gifts in kind To develop and maintain relationships with tetraple8ics and provide support to them and their families and carers To collaborate with other spinal injury charities, and to develop partnership5 that will have lasting benefit for the charity and its beneficiaries To increase the awareness of risks and educate the general public to try and reduce the number of accidents resulting in tetraplegia To ensure that the governance of Regain is working towards best practice The strategies employed to achieve the charitable companrfs objectlves are kept under review. The main activities of the charitable compafty are arraft8in8 fundra¥sing events and writin8 to charitable trusts and corporate donors to 511PPOrt the many grant applications. Public benefit statement The Trustees confirm that they have Complied with the duty in sertion 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 rhe first action an applicant take5 IS to complete an applicatron on the Regain website, which then 15 submitted to a Grants Panel to review. The grants panel. made up of the CEO, a trustee and a previou5 grant benefitiary review all applTrcations and interview all applicants that meet the required funding criteria, before making recommendations to the Board of Trustees. It is vital for ReBain to develop an excellent workin@ relationship with its beneficiaries. and as the majority of applicants are applying for the first time. thts meihod of inteNiewing them either on Zoom or on the telephone is n extremely good thante to establish this relationship_ It is during these calls that the charity'5 other work is outlined to the applicant, and they are encouraged to join in other areas of the chaTltls 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 IA COMPANY LIMITED BY GUARANTEE) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 Achlevements •nd performance The CEO, In collaboration with the trustee5, agreed various deliverable action5 for 2023 against each of the aim5 of the or8anisation. These actions and its progress are reported agair¢st at the qvarterly trustees meetings. Regain's main purpose as an organisation continues to be awardin8 8rants to sports injured tetraplegics. During 2023. Regain awarded grants worth £47.72912022- £47,322). Equipment funded included a Quadrix all road bike. emotion whee15, rugby wheelchairs and a power assisted wheelchair. Regain funiled the costs of carers of beneficiaries that enabled them to participate in the Milan to Venice ride. at a cost of £10.128. Regain's grants panel, made up of the CEO, a trustee and a previous granl beneficiary. review all applications and interview all applicant5 that meet the required fvnding crrteria, before making its recommendations to the Board of Trustee5. Throughout 2023, Regain facilitated a number of diffent fundraising initiatives to bring in funds required for the charity to Bive out as grants. Two events were orgjnised, one being a cycle challenge event at Thruxton Race Circuit, and secondly. a Milan to Venice cycle ride. We were dellghted that 135 participants took part in the first cycling challenge event. Participants undertook a 10 lap. 20 lap or 30 lap challenge. raising sponsorship for each complete lap that they achieved. The event was attended by 4 scout troops. who also took part in a disability awareness workshop fatilitated by Regain patron, Kylie Grimes MBE. Financially. the event ran at a 105s. but it is hoped that the 2024 event will be much bigger and better attended. In September, sÈven beneficiaries and a further twenty-one participants cycled from Milan to Venice in three ijays. The event wa5 a tOU8h challenge for everyone involved, with temperatures over 30 degrees every day. making the km challenge that Irttle bit tougher. In totbl, the event managed to raise £3,837. Thanks to Cavendish Brooke Financial Management who sponsored the costs of hiring an accessible minibus as a 5UPPOrt vehitle. and to Wilson james Ltd who transported the beneficiaries hand bike5 to and from Italy. Without their support. the event simply would not have been able io happen. Once again, five runners took part in the 2023 London Marathon, raising a total of £8,762. Income frorn charitable trusts throughout 2023 totalled £18.186. which was than previous years. Feedback from trusts stated that they are 5ifflply inun(lated with requests for funding and cannot support all who appty.
REGAIN - THE TRUST FOR SPORTS TETRAPIEGICS {A COMPANY LIMITED BY GUARANTEE) REPORTOF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 Achievements and performance ReEain continued to provide a weekly teira talk zoom meeting. Beneficiaries supporting each other with day-to-day issues such as benefit support, carer 5UPPOrt and ihe chance to talk to someone else in a sirnilar position has proved popular amongst those who participate. Plans for the future It was decided to not facilitate an overseas ride in 2024, and to concentrate all our efforts on the Thruxton event and put in place plans for a major overseas ride in 2025. Also. a grand Gala Dinner is planned for November 2024. The Trustees have reviewed the staff and structure because of the challenges in raisin8 funds and the dwindling reserves and deaded that the Charity Director role will be made redundant from the summer of 2024. Financial review Total income received during the year was £83.173 compared with £92,784 in the previous year. Of thi5. £7.186 in 202312022: £5.otM)I has been receNed for specific projects and is $trIcted in use. Event income of £48,88612022.. £41.9951 represented an improvement over the previovs year. Costs of raising funds amounted to £93.06412022- £62.8241 and expenditure on charitable activities mounted to £74,78012022'. £73.7171. inclu5i¥e of expendtture of £17,77612022-. write back £3.6751 for specific projects from restricted funds. During the year transfers between restrirted and unrestrirted funds were £86912022= £nill The deficit of resources on unrestrirted funds was £58.15712022: deficit £102.8731. with the overall net deficil of É69,61612022.. deficit £94,1981. Total unreslricted funds at 31 December 2023 are £280.74812022.. £338.9051- After deducting tangible assets and investments of £226.94112022= £333,243) there is a surplus Qt £53,807 of free reserve$12022.. £5,6621- Cashflow will continue to be moniiored carefully in 2024, and the TTu5tees will liquidate investment funds as required, to ensure that adequate cash resources are available to meet expenditure.
REGAIN - THE TRUST FOR SPORTS TRAPLEGICS IA COMPANY LIMITED BY GUARANTEE) REPORT OFTHE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 Investment and reseNe$ policy The Trustees have the power io 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 tompany's continuin8 activitie5 while al the same time ensurinE that reseNes are not accumulated. Rlsk management TheTrustees keep vnder reviewthe risk areas to which they believe the Charity may be exposed under the gurdance of the CEO. Procedures for mitigation. monitoring and control are in place. A summary of the principle risks and nrtaIntIeS identrfied by the Trustees are as follows= Risk management The Charity has exposure to liouidity risk. The objective of the Charity in managing liquidity risk 15 to ensure that it can meet its financial liabililies as an¢J when they fall due. There are no borrowings. The arnount of resources available to distribute as charttable grants is reviewed by the Trustees on a quarterly basis and is the key fartor in considerin8 applications. Other operating risks are mitigated by insurance policies kept under review by the CEO.
REGAIN- THE TRUST FOR SPORTS TETRAPLEGICS IA COMPANY LIMITED BY GUARANTEEI REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 Trustees. responsibilities in relation io the finan¢ial ststements The Trustees (who are also Dirertors of Regain for the purposes of company lawl a responsible for preparing the Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards Iunited Kingdom Generally Accepted Accounting Practice). Company law requires the Trustees to prepare financial ststements for each financial year which give a true anil fairview of the state of affairs of thecharitable company and of the income and expersditure of the charitable company for that period. In preparit)8 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 applrcable accounting standards have been followed, subjeci to any materi¥l departures disclosed and explained in the financial statements- prepare the financial statements on the going concem basi5 unless it is inappropriate to presume that the Charity will continue in lyJsine5S. The Trustees are responsible for keeping proper accounting retord5 that are sufficient to show and explain the charitable company's transactions and disc105e with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statement5 comply with the Companies Act 2Th)6. They are also sponSible for Safeguarding the assets of the charitable company and hence for taking reasonable step5 for the prevention and detection of fraud and other irre8ularities. The Trustees, Report has been prepared in accordance with the special provi51on5 of Part IS of the Companies Act 2CrfJ6 relating to small companies. The Trustees meet quarterly and review management accounts. fun(Jraisin8 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 consKlered valid. ppro the rustee5 and signed on iheir behalf by Chai 1810712024
REGAIN - THE TRUST FOR SPORTS TETRAPLEGICS IA COMPANY LIMITED BY GUARANTEE) INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF REGAIN - THE TRUST FOR SPORTS TETRAPLEGICS I report on the accounts of the company for the year ended 31 December 2023. which are set oui on pages 8tol6. Respective rèsponsibilitiès af trusteès and èxarniner The Trustees (who are also the direclors of the company for the purposes of company lawl are responsible for the preparation of the accounts. The Trustees consider that an audrt 15 not requirecl for this year under section 144121 of the Charities Act 2011 Ithe 2011 Acr) and that an independent examination is needed. I am Qualified to undertake ihe examination by being a qualified membei of The Instilure ol Chartereil Accountants in England and Wales. Having satisfied myself that the Charity is not subject to audit under company law and is eligible foi independent examination. it is my responsibility lo.. examtne the accounts vnder settion 145 of the 2011 Art.. to follow the procedures laid down in the gener31 Directions given by the Charity Commission under section 14515llbl of the 2011 Act.. and to state wheiher particular matiers have come to my attention. Basis of independertt exèminer's report My examination was carried out in accordance with the general Directions given by the Charitv Commission. An examination Includes a review of the accounting records kept by the Charity and a comparison of the accounts Pfesented with those records. li also includes consideration ol any unusual items or disclosures in the accounts. 3nd seeking explanations from you as trustees concerning any such matrers. The procedures undertaken do noi provide 311 the evidence that would be required in 3n audit and consequently no opinion 15 given as to whether the accounts present a 'true and lair view. and the report is limited to those maiters set out in the statement below. Independent examiner'5 statement In corbnection with my examination, no matter has come to my ariention-. 111 which gives me reasonable cause to believe that in any material respect the requirements: to keep accounting records in accordance with section 386 of the Companies Act 2C(16.' and to prepare accounts which accord with the accounting records. comply with Ihe accounting requirements ol section 396 af the Companies Att 2006 and with the methods and principles of Accounling and Reporting by Charities= Statement of Recommended Practice ISORPI applicable to charities preparing their accounis in accordafire with the Financial Reporting Standard applicable to the United Kingdom and Republic of Ireland IFRS 1021 have not been met.. or 121 ro which, in my opinion. attention should be dfawn in order ro enable a proper undersianding of the accounts to be reached. Gilbert Holbourn FCA. FCCA. DChA l Upper Bridee Street. Wye, Kent TN25 SAF Date= 1810712024
REGAIN-THE TRUST FOR SPORT5TETRhPLEGirs IACOMPANY LIMITED BY GUARANTEE) STATEMENTOF FINANCIAL A(nvmES IINCOMEAND EXPENDITUREI FOR THE YEAR£P4DED 31 OECEMBER 20Z3 2013 Note Vniesidcted nds 2023 2023 Total Funds 2022 2022 2022 T)tal Fun¢ts Funds lrtomE•ndend(rnentsfrTh.. Voluntaryincome Event5 InvestmEnts Otherincomè Totsl inforne aDdenth)wmen 17014 7,186 25.575 41.gJ5 10.214 its.( 87.784 30,575 41.995 10.214 10.1 92.784 9.187 75.987 7,186 83.173 Eynditiire on: RaL4in8lur Charrtaèle actNitie5 Totsl •Npenditur 93. 93.C64 74.7 62.824 77.392 62.824 73.717 17.776 3.6751 150x68 17.776 167 140.216 I3641 Netlaut¥awllinramingre3ourcosfor I71.1) 184.6ni 8.675 143.7571 Re8115ed gain on di5905alof invesimefits Unrea1ised Ilossl on invuirnents Trinsfer betw2en luTrd5 Netldeficit5lwlsff0r 18.557 13.5021 18557 13.5021 8.438 IS8.8791 8.438 IS8.8791 1969 {IL459 158,1S71 169ffi16) 1102.8731 8.67S 194.1981 Total funds broh1 folyd at I lan 2023 33&9J5 13.459 352.364 441.77B 4.784 4146.562 Totsl fvndS¢alri fonv1 Dtternber20Z3 110.748 13,459 352,364 l¢etryfMse¢8ainsan6kssesoreindudÈd lrttr5Lithmtdnx1c¢Il ThÈlewitslorYPIrall reLBtel0iDLIcPEt3lK¥lS. Thenthes4n ioto 16f¢hhpartoftheS¢finantias¥iwi
REGAIN- THE TRUST FOR SPORTS TETRAPLEGICS (A COMPANY LIMITED BY GUARANTEE) BALANCE SHEET AS AT 31 DECEMBER 2023 2023 2023 2022 2022 Notes Fixed Assets Tangible assets Inve5lments 338 332,905 226.941 226,941 333.243 Current assets Debtors Cash at bank and in hand 3.630 64.687 68.317 1,306 36,651 37,957 Creditors: amounts tsllln8 due withln one year 112.5101 118,8361 Net current assets 55,807 19,121 Net assets 282.748 352.364 Reserves Unrestricted funds Restricted fun(Is 280.748 338,905 13,459 Total funds of the Charity 282,748 352,364 For the finaAtial year ended 31 December 2023 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 2CQ6. The directors acknowledge their responsibilriies for complying with the requirements of the Act with respect to accountrng records and the prepafation of finantial statements. These financial statements have been prepared in accordance with the provision5 applicable to companies subject to the small companies. regime. The notes on page5 10 to 16 form part of these financial statements. The financial statements were approved by the Trustees on 1810712024 and signed on their behalf by Jon Comp ny egis ration No. 2883419
REGAIN - THE TRUST FOR SPORTS TETRAPLEGICS (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 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. Basis of preparaiion The financial statements are prepared for the year ended 31 December 2023. The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless othenhTise stated in the leVant accounting policies below or the notes to these accounts. The Jccounts have been prepared in accordance with Accounting and Reporting by Charities.. Slatement of Recommended Practice applicable to charities preparin8 their accounts in accordance with the Financial Reporting Standard applicable in the United Kingdom aftd Republic of Ireland IFRS 1021 (Charities SORP FRS 1021. the Finantial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021 and the Charities Art 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. Critical accounting estimates and areas of judgement Preparation of the accounts requires the trustees and management to make significant judgements an(i estimates. The itewns in the aecounts where these judgements and esiimates have been made include: Esiimating the useful economic life of tangible fixed assets Allotation of support costs Assessment ofgoing concern The Trustees have assessed whether the use of the goingconcern assumption is appropriate in preparing these accounts. The Trustees have made this assessment in respect to a period of one yearfrom the date of approval of these accoLrnts. The Trustees of the Charity have concluded that there are no material uncertaintie5 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 opinron that the Charity will have sufficient resources to meet its liabilities as they fall due. The most significant areas of judgement that affert 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 contributions (employer and employee) at the year end 12022.. £Nill. 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 acr05S the deductions for the employee'5 COlltribution5. io
REGAIN - THE TRUST FOR SPORTS TETRAPLEGICS (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OECEMBER 2023 A¢countln8 policies Icontinuedl 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 re1Vable. except insofar as they are incapable of financial measurement. Investment income is accounted for in the period in which the Charity Is entitled to receipt. Donated service5 and facilities are included at the value to the Charity where this can be quantified. The value of services provided by vdunteers has not been included in these accounts. Ewpenditure Expenditure is recognised on an accruals basis as a liability is incurred_ All costs are allocated between the expenditure tategories 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 rncluded within charitable activities and reflect the costs of an independent examination in orderto meet the constitutional and siatutory qu1ments of the Charity. The costs of raising funds include relevant proportions of the salaries of those responsible for fundraisin8 and the costs of items used solely for fundraising Ileaflets. etc.). The Charity exists in order to deliver a front-line service and only fLtndraises to faalitate that activity- other support Costs have therefore been allocated to charitable activities. Related party transartions Expenses of £1.022 were incurred on behalf of 2 trustees for phone costs. entry fees and hotel costs. Tan8ible fixed assets and depreuation TanErble fixed assets are slated at cost less depreciation. The costs of minor addilions or those costing less than £l.000 are nol capitalised. Depretiation is provided at rates calculated to write off the cost less esiimated residual value of each asset over it5 expected useful life, 35 follow5.. Computer Equipment 25% straight line Debtors Debtors are cogniSed al their settlement amount, less any provision for non-recoverability. Prepayment5 are valued at the amount prepaid. They have been discounted to the present valve of the future cash receipt where such discotsnting is material. i.io Investments The fixed asset investments are invested in UK investment trusts. This investment is a form of financial instrument initially recoBnised at transaction value and subsequently measured at fair value at the balance sheet date using the closing quoted market price. Any garn/llossl on valUation and disposal ère recorded In the statement of financial activities. li
REGAIN - THE TRUST FOR SPORTS TETRAPiEGICS IA COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIALSTATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting policies Icontinued) 1.11 Cash at bank and In hand Cash at bank and in hand represent5 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 le55 than one year have been disclosed as short-term deposits. Cash placed on dep05jt for more than one year is disclosed as è fixed asset investment. 1.12 Credliors and pro¥i5ion5 Creditors and provisions are reco8ni5ed 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 benefil 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 A¢¢umulated fvnds Unrestricted funds are donations and other income receivable for the objects of the Charity without further specifrc 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 fund5. 1.14 Taxation Re8ain is a gIstered charity and therefore is not liable to income tax or corporation tax on income derived from its charitable activities, as it falls within ihe various exemptions available to gistered charities. Iniome and endowment5 2023 2023 Unrestrirted Restricted 2023 Totsl 2022 2022 Ufirestri¢ted Restricted 2022 Total Voluntary In¢ome 17.814 7.186 25.000 25.575 5.000 30.575 Brought forward Events income received Carried forward Events 1,086 47,800 1.086 47,800 43,081 11.0861 41,995 43,801 11,0861 41,995 48,886 48.886 Investment income Bank interest Investrnent trust Investment Income li 9,276 9.287 li 9,276 9,287 10,213 10.214 10,213 10.214 Other Income 10.000 87.784 10,000 92,784 Income and endowments 75.987 7.186 83,173 12
REGAIN - THE TRUST FOR SPORTS TETRAPLEGICS (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 3 Total expenditure Dirert c¢sts Support Costs Total 2023 Total 2022 Raisin8 funds Charitable activities 56,613 47.729 104.342 36.452 27,051 63.503 93,065 74.780 167,845 62,824 73.717 136.541 Unrestricted funds Restricted funds Total 2023 T¢tal 2022 Raisin8 funds Event cosls Support cost5 (see next pagel 56.613 36,452 56,613 36.452 27,132 35,692 93.065 93,065 62,824 Charitsble acti¥itres Grant5 made for the purchase of equipment.. Wheelchairs Hand bikes, computers and other 14.475 5.350 19,825 17.776 32.251 5,350 37,601 21.372 23,850 45.222 17.776 Costs of tetraplegies and their carers attending even15 10.128 29.953 18,226 48.179 10.128 47,729 18,226 65.955 2,100 47.322 17,846 65.168 17.776 Support costs (see next pa8el 17.776 Governance costs Independent examination fee Support costs Isee next pa8el 2.750 6.075 2.750 6.075 2,600 5,949 73,717 57,004 17,776 74.780 Total expenditure Icontinued} 13
REGAIN - THE TRUST FOR SPORTS TETRAPLEGICS (A COMPANY LIMITED BY GUARANTEEI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEM8ER 2023 2023 2022 Staff costs Meeting and travel costs Insurance Rent and Rates Depreciation Other expense5 50,943 1.181 2.106 51,354 1,983 120 336 5.694 338 6,185 60,753 59.487 Allocaled.. Costs of generating voluntary income160%1 Charitable activities130%1 Governance costs II¢yAI 36.452 18,226 6,075 35,692 17.846 5.949 60.753 59,487 Tangible fixed assets Total Cost At l January 2023 Additions 26,391 At 310ecember 2023 26,391 Depreciation At l January 2023 Charge for the year 25.717 338 At31 December 2023 26.391 Net book value At 31 December 2023 At 31 December2022 338 14
REGAIN - THE TRUST FOR SPORTS TETRAPLEGICS IA COMPANY LIMITED 8YGUARANTEE} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Fixed Asset Investments Movement in fixed asset investments 2023 2022 Market value at l January 2023 Additions to investments at cost Disposal Proceeds Realised gain on disposal Unrealised gainlllossl on revaluation 332,887 9.246 1130.2951 18,557 13,5021 420,079 13,249 150.0001 8,438 158,8791 Market value as at 31 December 2023 226.893 332,887 Historical cost as at 310ecember 2023 187.436 289,939 Investments at market value comprfsed: 2023 2022 UK Investment Trust- Sarasin Endowments Fund Class A Inc Cash deposit 226,893 48 332.887 18 226.941 332.905 Debtors and prepayments 2023 2022 Prepayments and accrued income 3.630 1,306 3.630 1.306 Creditors: amounts falling due within one year 2023 2022 Taxation and social security Committed charitable expenditure Accruals and other creditors 2,989 6,170 3.3SI 2.943 7.898 7.995 12.510 18,836 15
REGAIN - THE TRUST FOR SPORTS TETRAPLEGICS {A COMPANY LIMITED BY GUARANTEEI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Employees Number of employees The average monthly number of employees during the year wa$ 112022- 11. 2022 2021 Staff costs Wages and salaries Social security costs Pension contributionlsee note 1.41 50,C#)O 50,000 943 50,943 50,134 No individual employee earned emoluments (excluding employer pension costs) of rn0 than £60,GOJ in 2023 or 2022. Mone of the Trustees or any person connected with them received any remuneration during the year12022 . none). Details of expenses claimed are included in note 1.7. Analysis of charitable funds Net Gain/llossl on Gain on disposal of fixed assets 2023 Funds 81fv4d 2023 resources for year 2023 Funds Clfwd 2023 investments 2023 Tvansfer 2023 Unrestricted Restricted 338,905 13.459 174,0811 110.59)) 15.055 869 18691 280,748 2.0 352.364 184.6711 15.055 282.748 2022 2022 2022 2022 2022 2022 Unrestricted Restriued 441,778 4.784 446,562 152,4321 8,675 143,7571 {50,4411 338.905 13,459 352.464 150.4411 Restricted income of £7.19612022.' £5,OWI was received in the year for equipment. 16