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
#158

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 T￿VOr 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 diffe￿nt 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 T￿RAPLEGICS
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 ￿n￿rtaIntIeS 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
I36￿41
Netlaut¥awllinramingre3ourcosfor
I71.￿1)
184.6ni
8.675
143.7571
Re8115ed gain on di5905alof invesimefits
Unrea1ised Ilossl on invuirnents
Trinsfer betw2en luTrd5
Netldeficit5lwl￿sf￿￿f0r
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 bro￿h1 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 lrttr*5Lithm￿td￿nx￿￿1c¢I￿l
ThÈlewitslor￿YPIrall reLBtel0i￿D￿L￿￿IcPEt3lK¥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 re￿1Vable. 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 ￿qu1￿ments 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