Company Registration No. 28834191England and Wales) Reglstered Charity No: 1030693 REGAIN - THE TRUST FOR SPORTS TETRAPLEGICS (A COMPANY LIMITED BY GUARANTEEI FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 •AEWXXK* 121071202S COMPANIES HOUSE
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REGAIN - THE TRUST FOR SPORTS TETRAPLEGICS (A COMPANY LIMITED BY GUARANTEE) CONTENTS Patrons Barry Davies MBE 8rough Scott MBE Dr Fred Middleton Mark Foster Paul Sculthorpe MBE Peter Norfolk OBE Kylie Grimes MBE Jonathan Co88an MBE Trustees Ivan Jones (Chairman) Domlnic Coleman Lord Ivar Mountbatten DL Miles Dean Paul Coleman Rob Smith 51mon Klllick Stephen Killlck Charlty Dlrector Calum Frampton Charity number 1030693 (England and Walesl Cornpany number 2883419 Reglstered offlce l Howe Close Shenlev Radlett Hertfordshire WD7 9JF Prin¢ipal offi¢e l Howe Close Shenley ftadlett Hertfordshire WD7 9JF Independent Examiner Gilbert Holbourn FCA, FCCA, DChA l Upper Bridge Street Wye, Kent TN25 SAF Bankers Lloyds Bank PIC 13-14 Cornmarket Thame OX9 2BN
REGAIN - THE TRUST FOR SPORTS TETRAPLEGICS IA COMPANY LIMITED BY GUARANTEEI CONTENTS Page Report of the Trustees Independent examlnerfs report Statement of financial activitie5 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 31 DECEMBER 2024 The Trustees present their Report together with the Financial Statements for the year ended 31 December 2024. Organisatlon, Structure and Governance Governlng document The Trevor Jones Tetraplegic Trust was created as a charity in 1988 and was incorporated on 17 December 1993 when it was re8iStered with the Charity Commissioners for England and Wales as Charlty 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 l Regain"} on 19 May 1995. Regain is the only charitable organisatlon dedicated solely to improving the independence of all British men and women who have become tetraplegic as a result of a competltive sports Injury. Re8ain is a company Ilrnited by guarantee 8overned by its Memorandum and Articles of Assoclation. The charity's liability is limited by the guarantee of its members. Each member has agreed to accept a liabillty of an amount not exceeding £10 should the charity be wound up. Appolntment of trustees Trustees are selected to glve an approprlate range of skills and experlence, and are recrulted by personal contact or by using Reach Iwww,Reachskills.org,ukl. New trustees are introduced to the othertrustees at one of their quarterly meetings and ifconsidered 5Ultable appointed at that meetin8. Trustee inductlon and training Newly appointed trustees are inducted by exlsting trustees. The CEO sends to all new trustees the latest 8overnance information produced by the Charity Commission which outlines their responsibllitles and duties as a trustee, Organlsatlon The board of trustees (the "Trustees") admlnisters the charitable company. They meet quarterly to make the operational decislons. The day-to-day running ofthe charitable company is delegated to the Charity Director. Trustees The followln8 have held office since l January 2024: Ivan Jones (Chairman) Alexandra Hodges (resigned 25th March 2025) Domlnic Coleman Lord Ivar Mountbatten DL Miles Dean Paul Coleman Rob Smith Simon Killick {appointed 5th June 20251 Stephen Killick
REGAIN - THE TRUST FOR SPORTS TETRAPLEGICS IA COMPANY LIMITED BY GUARANTEE) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 Objectives and actlvities Mlsslon - To Improve the quality of life for indivlduals who have suffered a spinal Injury whllst taklng part in a sport, leisure or recreational activity that resulted in that person becoming tetraplegic Vision - Every sports injured tetraplegic is given an equal opportunity to live as full a life as possible Alms To help sports tetraplegics lead Independent and fulfllllng Ilves by fully or part fundin8 equipment and facilities that Improve mobility, communication, educational options and employment opportunities To raise funds through donations, events, sponsorship, legacies and gifts in kind To develop and maintain relationships with tetrapleglcs and provide support to them and thelr famllles and carers To collaborate wlth other spinal injury charitles, and to develop partnerships that will have a lasting beneflt for the charity and its beneflciaries 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 charltable company's objectives are kept under review. The main activitles of the charitable company are arranging fundraising events and writln8 to charitable trusts and corporate donors In order to raise funds to support the many grant applications. Public benefit statement The Trustees conflrm that they have complied wlth the duty In section 4 of the Charltles Act 2011 to have due regard to the Charity Commission's general 8uidance on public benefit, 'Charities and Public Benefit,. Procedure and policy for grant making The first action an applicant ta'kes is to complete an appllcation on the Regain website, which is then submitted to a Grants Panel to review. The grants panel, made up of the Charlty Director, a trustee and a previous grant benef iciary revlew all applications and inteNiew 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 thi5 relatlonship. It is during these ca115 that the charitV'S Other work Is outlined to the appllcant, and they are encouraged to Joln in other areas of the charity's work such as fundraising or tetra talk, although it is not a condition of a grant award.
REGAIN - THE TRUST FOR SPORTS TETRAPLEGICS (A COMPANY LIMITED BY GUARANTEE) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 Fundraising Regain is registered with the Fundra ising Regulator and complies with their code of practice. Achievements and performance The Charity Director, in collaboration with the trustees, agreed various deliverable actions for 2024 against each of the aims of the organisation, These actions and its progress are reported upon at the quarterly trustees meetings. Regain's main purpose as an organisation continues to be awarding grants to sports injured tetraplegics. During 2024, Regain awarded grants worth £93,96312023., £47,729), Equipment funded included rugby and power asslsted wheelchairs. Other grants covered works to insta l an accessible kitchen, a surfboard for a beneflclary to compete in the World Parasurf Champlonships and to pay another beneficiary to undertake marketlng for the charity, Throughout 2024, Regain facllltated several dlfferent fundralsing inltlatlves to brlng In f unds required for the charlty to give out as grants, Two events were organised, one being a cycle challenge event at Thruxton Race Circuit, and the other a fundraising Gala Dinner, We were deli8hted that more than 150 participants took part in the second cycling challenge event at the Thruxton Race Circurt. Participants undertook a 10 , 20, 30 or 42 laps challenge, raising sponsorship for each complete lap that they achieved. The event was attended by 5 scout troops, who also took part in a disability awareness workshop facilitated by Regain patron, Kylie Grimes MBE. The Gala Dinner held at the Peninsula Hotel in London was a huge success. 310 guests attended the event. Pledge a nd si lent auctions were held to raise funds, The dinner took place in the presence of HRH The Ouchess of Edinburgh and was compered by Alexander Armstrong. Once again, five runner5 took part in the London Marathon, raising a total of £5,179. The Trustees reviewed the staff and structure during the year to address the reduction in income over the past few years and decided that the Charity Director's role would switch to part time. The new Charity Director was recruited with effect from July 2024.
REGAIN - THE TRUST FOR SPORTS TETRAPLEGICS (A COMPANY LIMITED BY GUARANTEE) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 Achievements and perfomiance Re8ain continued to provide a weekly tetra talk zoom meetln8. Beneficiaries supporting each other with day-to-day issues such as benefit support, carer support and the chance to talk to someone else in a similar position has proved popular amon8St those who participate. Plans forthe future years Planned events for 2025 Include the thlrd edltion of the Thruxton Cyclin8 Challenge, a London to Parls bike ride and a further Gala Dinner building on the success of this year event. Flnanclal revlew Total unrestricted funds at 31 December 2024 are £269,304 {2023: £280,748). Total Income recelved during the year was £249,015 compared with £83,173 In the previous year. Of this, £11,285 in 2024 (2023: £7,186) has been received for speciflc projects and is restricted in use. Event income of £231,74512023., £48,886) represented an improvement over the previous year. Costs of faising funds amounted to £158,90612023'. £93,064) and expenditure on charitable activities amounted to £119,308 12023: £74,780), inclusive of expenditure of £11,285 12023: £17,776) for specif ic projects from restricted funds, Durln8 the.year transfers between restrlcted and unrestricted funds were £nil12023'. £8691. The deficit of resources on unrestricted funds was £11,444 {2023: deficlt £58,157), with the overall net def icit of £11,44412023: deficit £69,616). After deducting tangible asset5 and investments of £181,030 (2023: £226,941) there is a svrplvs of £88,274 of free reseNes12023: £53,807). Cashflow will continue to be monitored carefully in 2025, and the Trustees will liquidate investment funds as required, to ensure that adequate cash resources are available to meet expenditure. 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.
REGAIN - THE TRUST FOR SPORTS TETRAPLEGICS (A COMPANY LIMITED BY GUARANTEE) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 Rlsk management The Trustees keep under reviewthe riskareas to which they believe the Charity may be exposed under the guidance of the CEO. Procedures for mltlgation, monltorln8 and control are in place. A summary of the principle risks and uncertainties identified by the Trustees are as follows: The Charity has exposure to liquidlty rlsk. The objective of the Charlty in managing Ilquidity 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 pollcies kept under review by the CEO. Trustees. responsibllltles In relatlon to the flnanclal statements The Trustees {who are also Directors of Regain for the purposes of company lawl 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 of the5tate of affairs of the charitable company and ofthe income andexpenditure of the charitable company for that period. In preparing these financial statements, the Trustees are required to select suitable accountlng pollcles and then apply them conslstently. observe the method and principles in the Charities 50RP; make judgements and estimates that are reasonable and prudent; state whether applicable accounting standards have been followed. subjert 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 Charrty 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 wlth 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 Art 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable step5 for the prevention and detection of fraud and other irregularities.
REGAIN - THE TRUST FOR SPORTS TETRAPLEGICS IA COMPANY LIMITED BY GUARANTEE) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 Trustees, responsibilities in relation to the financial statements The Trustees, Report has been prepared in accordance with the special provisions of Part 15 of the Cornpanles Act 2006 relating to small companle5. The Trustee5 meet quarterly and revlew management accounts, fundraislng forecasts and cash flow analyses. The Trustees believe that the Charity is a going concern and for this reason, the goin8 concern basis for the preparatlon of the financial statements is considered valld. Approved by the Trustees and signed on their behalf by van on rman Date: 9th July 2025
REGAIN - THE TRUST FOR SPORTS TETRAPLEGICS (A 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 2024, which are set out on pages 8tol6. Respective responsibilities of trustees and examiner The Trustees Iwho are also the directors of the company for the purposes of company lawl are responsible for the preparation of the accounts. The Trustees consider that an audit is not required for this year under section 144{21 of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. I am qualified to undertake the examination by being a qualified member of The Institute of Chartered Accountants in En8land and Wales. Having satisfied myself that the Charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to.. examine the accounts under section 145 of the 2011 Act; to follow the procedures laid down in the general Directions given by the Charity Commission under section 1451Sllbl of the 2011 Act; and to state 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 accuunting reeords kept by the Charity and comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations f rom 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.. 111 which gives me reasonable cause to believe'that in any material respect the requirements.. to keep accountin8 records in accordance with section 386 of the Companies Art 2006; and to prepare accounts which accord with the accounting records, comply with the accountin8 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 ISORPI applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable to the United Kingdom and Republic of Ireland IFRS 1021 have not been met: or 121 to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. tsl Gilbert Holbourn FCA, FCCA, DChA l Upper Bridge Street, Wye, Kent TN25 SAF th Date.. 9 July 2025
REGAIN- THE TRUST FOR SPORTS TETRAPLEGICS IA COMPAhlY LIMITED BY GUARANTEEI STATEMENT OF FINANCIAL A1VITIEs IINCOME AND EXPENDITURE) FOR THE YEAR ENDED 31 DECEMBER 2024 1024 UTrresiriued Funds 2024 2024 Total Funds Z023 2023 Restrlrted Funds 2023 Tèial Funds Not¢ Restiltted Fund5 Unresirlrted Fund5 Income and endowments from.. Voluntèry Income Events Investmenis Other Income Tot•1 Income •nd end04¥m*nts 10,879 220.460 fj.376 15 10,879 231,745 6,376 Ls 17,814 48,886 9,287 7,186 25,W) 48,886 9,287 11,285 237,730 11,285 249.015 75,987 7.186 83,173 Empendlture on.. Ra15ing fvnds Charitèble attiviiles rot•1 expendllur• 158,906 108,023 266,929 158,906 119,308 278,214 93.064 57,004 150,068 93,064 74,780 167,844 11,2B5 11,285 17.776 17,776 N¢t10Ut8olnillln¢omlnB re50yr¢es for 41 129,1991 129,1991 174,0811 110,5901 184,6711 Pealised gain on disposal ol investments Unrealised 8ainl Ilossl on investments Transfer between funds N¢t Id¢f)¢itll$urplys fvnds for y4•r 15,308 2,447 15,308 2,447 18,557 13,50ZI 869 158,1571 18.557 13,5021 18691 111.4591 111,4441 111,4441 169,6161 Total hJnd$ brou8ht lorw•id at l Jan 2024 280,748 282,748 338,5 13,459 352,364 rotal lund$ carrled lorward It 31 De¢ember 2024 169,304 271,304 280.748 282,748 All reco8nlsed 8aln5 and losses ère Included In the statemeTrt of fnanCIal artivilles. The note50n pa8es Loto 16 form pèrt ol thesefinancial $teMents.
REGAIN - THE TRUST FOR SPORTS TETRAPLEGICS (A COMPANY LIMITED BY GUARANTEE) BALANCE SHEET AS AT 31 DECEMBER 2024 2024 2024 2023 2023 Notes F5xed Assets Tangible assets Investments 181,030 226,941 181,030 226,941 Current a$5et$ Debtors Cash at bank and in hand 19.766 133,760 153,526 3,630 64,687 68,317 Credltors: amounts fallln8 due wlthin one year 163,252) 12,510 Net current assets 90,274 55,807 Net assets 271,304 282,748 ReseNes Unrestricted funds Restricted funds 269,304 2,000 280,748 2,000 Total funds of the Charlty 271,304 282,748 For the financial year ended 31 December 2024 the Company was entitled to exemption from audit under sectlon 477 Companies Act 2006 relating to small companies, The members have not requlred 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 thelr responsibilitles for complying with the requlrements of the Act with respect to accounting records and the preparation of financial slatements. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the smèll cornpanies. reBime. The notes on pages 10 to 16 form part ofthese flnanclal Statements. th The financlal statements were approved by the Trustees on 9 ju 2025 and signed on their behalf by Ivan Jones egi ratlon No. 2883419
REGAIN - THE TRUST FOR SPORTS TETRAPLEGICS (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng policles 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 preparation The financial statements are prepared for the year ended 31 December 2024. 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 accountin8 policies below or the notes to these accounts. The accounts have been prepared In accordance with Accounting and Reportin8 by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reportlng Standard applicable in the United Kin8dom and Republic of Ireland IFRS 102) Icharitles SORP FRS 1021, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland {FRS 1021 and the Charlties Act 2011. The Charity constitutes a publlc benefit entity as defined by FRS 102. The accounts are presented In sterling and are rounded to the nearest pound. CrStlcal accountlng estlmates and 3reas of ludgement Preparation of the accounts requires the trustees and management to make si8nificant judgements and estirnates, The items in the accounts where these judgements and estimates have been rnade include: Estimating the useful economic life of tangible fixed assets Allocation of support costs Assessment ol 8olng concern The Trustees have assessed whether the use of the going concern assumption is approprlate in preparing these accounts. The Trustees have made this assessment in respect to a period ofone yearfrom the date ofapproval of these accounts. The Trustees of the Charity have concluded that there are no material uncertainties related to events or conditions that may cast signif icant doubt on the ability of the Chaf Ity to continue as a going concern. The Trustees are of the opinion that the Charity will have suff icient resources to meet its liabilities as they fall due. The most significant areas of judgement that affect items in the accounts are detailed above. Pensions Employees of the Charity are entltled to join a defined contribution 'money purchase, scheme. The Trust's contribution is disclosed in note 8. There were no outstandin8 contributions (employer and employee) at the vear end 12023: £Nill. The costs of the deflned contributlon scheme are included within support and governance costs in note 3. The Chariiy has no liability beyond maklng Its contributions and paying across the deductions for the employee's contributions. io
REGAIN - THE TRUST FOR SPORTS TETRAPLEGICS IA COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 310ECEMBER 2024 Accounting policies (contlnued} Income All income is included in the Statement of Flnancial Activities when the Charlty 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. Investment income Is accounted for in the perlod In which the Charlty Is entitled to receipt. Donated services and faclllties are included at the value to the Charlty where thls can be quantlfied. The value of services provided by volunteers has not been included in these accounts. Expendlture Expenditure is recoEnised on an accruals basis as a liability is incurred. All costs are allocated between the expenditure categories in the statement of f inancial activities based on the use of the resource, Grants payable are char8ed In the year when the offer Is conveyed to the reclplent. 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 salarles of those responsible for fundralsing and the costs of items used solely for f undraising Ileaflets, etc.). The Charity exists in order to deliver a front-line servlce and only fundraises to facilitate that activity,. other sUPPOrt costs have therefore been allocated to charitable activlties. Related party transa¢tlons During the year, several trustees contributed to income by buyingtickets forthe Gala Dinner held in November 2024. One trustee received £552 (2023: £5521 towards telephone costs. Tangible fixed assets and depreciation Tangible fixed assets are stated at cost less depreciatlon. The costs of mlnor additions or those costing less than £ 1,000 are not capitalised. Depreciation is provided at rates calculated to wrlte off the cost less estimated residual value of each asset over Its expected useful life, as follows: Computer Equipment 25% straight line Debtors Debtors are recognised at their settlement amount, le55 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 discountin8 is material. i.io Investments The fixed asset investments are invested in UK investment trusts. This investment 15 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/llossl on revaluation and disposal are recorded in the statement of financial activities. li
REGAIN - THE TRUST FOR SPORTS TETRAPLEGICS (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 310ECEMBER 2024 Accountlng pollcies (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 less than one year have been disclosed as short.term deposits. Cash placed on deposit for more than one year is disclosed as a flxed asset investment. 1.12 Creditors and provislons 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 estlmated reliably. Creditor5 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 recelvable for the objects of the Charity without further speciflc 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 Tamatlon 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 avallable to reglstered charities. Income and endowments 2024 2024 Unre5tri¢ted Restrirted 2024 Total 2023 2023 Unrestricted Restricted 2023 Total Voluntary Income 10,879 10,879 17,814 7,186 25,000 Brought forward Events income received Events 1,086 47,800 48,886 1,086 47,800 48,886 220,460 220,460 11,285 11,285 231,745 231,745 Investment Income Bank interest Investment trust Investment Income 15 6,376 6,391 15 6,376 6,391 li 9,276 9,287 li 9,276 9.287 Income and endowments 237,730 11.285 249.015 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 2024 3 Total expenditure Dlrect costs support costs Total 2024 Total 2023 Raising funds Charitable activities 125,239 93,963 219,202 33,667 25,345 59,012 158,906 119.308 278,214 93,064 74,780 167,844 Unrestrlcted funds Restrlcted funds Total 2024 Total 2023 Ralsing funds Event COSt5 Support costs (see next pagel 125,239 33,667 125,239 33,667 56,613 36,452 158,906 158,906 93,064 Charitable actlvities Granls made for the purchase of equipment: Wheelchalrs Hand bikes, computers and other 62,562 17,116 79,678 62,562 28,401 90,963 32,251 5,350 37,601 11,285 11,285 Costs of tetraple8ics and thelr carers attending events Other grants 10,128 3,000 3,000 82,678 16,834 99.512 11,285 93,963 16,834 110,797 47,729 18,226 65,955 Support costs (see next page) 11,285 Governance costs Independent exarnination fee Support costs Isee next page) 2,900 5,611 108,023 2,900 5,611 119,308 2,750 6,075 74,780 11,285 13
REGAIN - THE TRUST FOR SPORTS TETRAPLEGICS {A COMPANY LIMITED 8Y GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Total expendlture Icontlnued) 2024 2023 Staff costs Meeting and travel costs Insurance Rent and Rates Depreciation Other expenses 46,381 1,276 2,245 50,943 1,181 2,106 338 6,185 6,210 56,112 60,753 Allocated: Costs of generating voluntary Income160%1 Charitable activities130%1 Governance costs Il0%} 33,667 16,834 5,611 36,452 18.226 6,075 60.753 56,112 Tan8ible fixed assets Total Cost At l January 2024 Additions Disposals At 31 December 2024 26,391 {6,0501 20,341 Depreciatlon At l January 2024 Charge for the year Eliminated on Di5POsals At 31 December 2024 26,391 16,0501 20,341 Net book value At 31 December 2024 At 31 December 2023 14
REGAIN - THE TRUST FOR SPORTS TETRAPLEGICS (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Flxed Asset Investments Movement In fixed asset investments 2024 2023 Market value at ljanuary 2024 Additions to investments at cost Disposal Proceeds Realised galn on disposal Unrealised gain/lloss} on revaluation 226,893 5,133 {70,0001 15,308 2,447 332,887 9,246 1130,2951 18,557 13,5021 Market value as at 31 December 2024 179,781 226,893 Historical cost as at 31 December 2024 139,126 187,436 Investments at market value comprised: 2024 2023 UK Investment Trust- Sarasin Endowments Fund Class A Inc Cash deposit 179,781 1,249 226,893 48 181.030 226,941 Debtors and prepayments 2024 2023 Prepayments and accrued income 19,766 19,766 3,630 3,630 Creditors", amounts lallSn8 due wlthln one year 2024 2023 Taxation and social security Committed charitable expenditure Accruals and other creditors 1,215 46,084 15.953 2,989 6,170 3,351 63,252 12,510 15
REGAIN - THE TRUST FOR SPORTS TETRAPLEGICS (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 8 Employees Number of employees The average monthly number of employees during the year was I12023- 11. 2024 2023 Staff costs Wages and salaries Social secu rity costs Pension contribution (see note 1.41 45,408 645 328 46,381 50,000 943 50,943 No individual employee earned emoluments (excluding employer penslon costs) of more than £60,000 in 2024 or 2023. Analysis of charitable funds Net resources for year 2024 Gain/lLoss) on Funds Blfwd 2024 Funds Cld 2024 Investments 2024 Transfer 2024 Unrestricted Restricted 280,748 2,000 129,1991 17,755 269,304 2,000 271,304 282,748 129,1991 17,755 2023 2023 2023 2023 2023 Unrestricted Restricted 338,905 13,459 352,364 174,0811 110.590 {84,6711 15,055 869 18691 280,748 2,000 282,748 15.055 Restricted income of £11,285 (2023: £7,186) was received in the year for the installation of an accessible kitchen. 16