REGISTERED CHARIIV NUMBER: 1059381 Report of the Trnstees and Unaudited Trinancial Ststements for the Ytar Ended 31 December 2024 Spin21 Par￿y$l$ *nd Injuries Bennett Brogks & Co Litnited Chartered AccountaDts St G¢orge's Court Winnington Ai enue Northwich CheshiEe CW8 4EE Spinal PJralysi5 and Injuries Contents of the Finaneial Statements for the Year endert ivith ttrLe lin2ncial stAtemenus of the charily for the year ended 31 December 2024. The Trustees have adopted th¢ provisions of the Chwity Stat¢m¢nt of Recommended Prnctice (SORPI ( FRS102).. 0BJEcfTr￿S AND ACTIVITIES Charity. Objectives Tbe charity was estsblished by TTUSt Deed on 30 August 1996 by the fubt Trusleeb of the TN¥t. The first Tn￿tee$ There.. Wagib Sbafjk. El Masry FRCS Phtlip K6ith Kushner Siepben Brddshaw OBE The objective5 of th¢ ¢harity are: (i) To advance the education amongst medical and para-medical per5()nnel I￿th tl)e United Kingdom and overseas by the prolision of suitsble training and educalion in ihe treatrnent of spillal paralysis and spit iujuries: (li) To educate th¢ public in the area of spinal paralysis and its etsnseqiientl21 effects by Londu¢ting research and investigation and disseminating the results of such r¢search and investigation an(L' This is achieved tbrougb the provigion of ryts. and the organisation ofeonferences for spinal injury education and trakning. Principal Activih. The p)Incipal aim of thtt cbwiry is ro educate and train medical and p8ra-mÉxtical peTsonn¢l in the tr¢atment of spinal paralybis and splnal injuries. ACHIEVEMENTS AND PERFORMANCE Charitabl¢ activities The Trustees continu¢ to accept and consid¢r appli¢Ations from msJi¢21 personnel for financial suppon in their ¢d￿￿￿0D alld training in th¢ fleld of spinal cord injury. As in previous yeaTS SPtRIT lia5 provid¢d fimding to support intemaiional conf¢rences hcld specifically to advancc knowlcd¥e, education 2nd trainillg in the tr¢atment of spinal cord injury. On 18 October 2024 SPIRIT h05t¢d a fiLII day conferentye The M¢lnagemtnt of Paiitnts WIth Acute TraumatiL Spinal Cord injuries at Keele Univergity With a number of intrrnation#lly renowned speakers contributill hake considered this the most appropriate policy for ini'tsting funds. and have found that these asset classes meet their requiretnents io generdie in¢orne for the ehariry and to PTovide diversification of Iixk. The Tn￿ree$ consider tbeir return on investTnents in rhe year to be satisfaLtory. Reserves polie), Th¥ Trnste¢s are sallsfied with the level of r¢serves as shown in +be accounts. The fuDds suftiLient ￿ provide Medi￿ specialist traitting and tdueation in the rreatm¢nt of spinal paralysis 2nd spinal injuries. Grants are paid at the discretion ol the Tn]st￿. STRUCTU￿ GOVERNAJYCE AND MANACEMENT Governing do¢llment Tiie charity is controlled by its governing document, a deed of tTU8t and ¢onstliU¢Cs unincorporated charity. Page I .Spln#l Par%lysis and Injurie5 Report of the Trnstees for tbe vear ended 31 December 2024 STRUCTURE, GOVERTrIAP4CE AND MANAGETh(ENT Charity Organisation Spinal ParaSysig and Injllries Regearch ]nformation and Trailling is a charity established to adi anct education amongvsi medical and para-medical personnel in the treatment of spinal para]ysis and spinal injwi¢s. The charity is run by a board ot Trustees. The board make tht daY-l￿daY decisiotts for the charity. The charity has unpaid &'olunleers. Th¢y ar¢ an integral part uf the charity ar)d help with the organisation of events and administration, REFERENCE AND ADtI(INISTiL4TIVE DETAILS Registered Charitv numbei. 1059181 Principal address Adn]iD & More Suite 2 & 4, Lodge Park House Kettering Vellture Park Kettering Nothamptonshire NN15 6XU Trustees PJ"olesbor Wagih El Masiy Pliilip Keith Kusliner Dr Jelyrey M Grah2Jn Phd RiLhard BuEbidgc Mrs Racliel Rees Martin Mcclelland FRCS Jonathan Fogety Di- WilliatD Johnson Pbd Iresigned 17.7.24) Dr Graham Arthur Flint FRCS Dr Karina Wright Phd Independent Extsmfftner Bellnett Brooks & Co Liilited c.hartered Accountanis Si George's Court Witinington Avenue North￿￿ch Cheshire CW8 4EE Bankers Tlie Royal Ballk of Scotland plc Manch&8ter St Ann St Office Si Ann Street Manche5t¢r M60 2SS Independent Fin&n¢ial Ad￿SerS Astiile Wealth Strvice5 Limited The Old Forg¢ ML)seley H)11 Farni Cbelford Road Knutsfor WA16 8RB PUBLIC BENEFIT The Trustees have cornp￿ed with the duty in sectioll 4 ot-the ?Q06 Act to have due regard to public be])etit guidance publi5bed by the Cbarity Commi5510tI. Page ? SpiDal P*rxlysis and Injuries Report of the Thistees for tbe vear ended 31 December 2024 Approved by order of the board ofknESteea on 25 Septerrjber 2025 and sigll￿ on its be]Hlf by.. Pn)fessor Wagih El Masry- T￿￿tee Page 3 Independent Examitker's Repurt tv the Trustees of Spinal Paralysis and Injuries Independent eXH￿l￿er,$ repoit to the tn15tees of Spin41 P&rsl)Tls and Injuries I report to ihc charity ttuslees oll my examinatlOi1 of th¢ accounts of Spinal Paralysis and tnjvrie5 (the Trust) for the year ended 31 D¢cember 2024. Responsibilities and basi5 of report As the charity trustees ol-the Tn)st you are responsible for the preparation of the accounts in accordance with ibe r¢quirunents' of the Charities Act 2011 ('tht Act,). I report in res￿¢1 of my examination of the Trusvs accounts C2Tried out under Settion 145 of the Act and in caiiying out my examination I have followed all applicable Directions givcn by the Chai"siy Commission undei. Section 145(5N.b) of th¢ Acl. IndependeDt examiner's StatemeDt SinL¢ your charity's grobs inLOtne eXLeeded £250,0(Kl your examincr Inust b¢ a mcmbcr of a liblcd body. I can Lonfirm that l am qLialitied to uiidertake the examination because I a iiiember ot the Association ot" Chartered Certitied Accountants, wbioh is one of the listed bodies. I bhi'e eoinpleted iny examination. I eonfirm that no rnaterial matters have eome to Jny attention in connection with the exa]nillatiOD giving Tne cause lo believe that in any material resp¢¢t'. a¢¢ouDting records M'ere not kept in respect of the Ttust a5 required by Section 110 of the Act. or the accounrs do not acbord M'ith those records., or the accounts do noi cumply ￿1th the applicable requirements Concernittg the fonrj and content of aLCQUllts set out in the Charities (Accounts and R¢ports) Rtgulaiions ?008 other than any requii'cn)ent t]iat th¢ account5 giv¢ a t￿e and fair view which is not 2 LonsideTed part of an independent eAaminatioll. I have no ¥onLems and hav¢ Lumt aLfOSS no other matters in LtsnneLtion with the ex&minaiion to which attention should be drawn in tkn's rewrt in order to enable d proper understandin¥ ol'the acLountb' to be reached. Michael Joseph Snape FCCA. BeDnett Brooks & Co Li]nited Chart¢r¢d ALcountsnLS Si George's Court Winnington Avenue NorthwiLh Cbeshire CW8 4EE 25 Sepianber 2025 Page4 Spinal Paralysis and lDjuries Statement frf Financial Artivities for the vear eDded 31 December 2024 2024 Total funds 20?3 Total fitnds Unrestricied funds Reslricted fvnd Notes INCOME AND Ef4DOIVMENTS FROM Donations and Itgacies 580.480 580,480 .635 EXPENDITURE ON Raising funds 4.349 4,34¢) 3,974 Charitable *ctivities Sponso]ship of iniemallonal spinal injury conferences nd promote and fimd education and trnining of healthcare PTofessionals in Spillal itsjury 8.152 8,152 9.951 Totsl 12,501 12,501 Net gaing on invesbnents 17,909 -3,113 21.0?2 8,023 NET L¥COME 585.888 3.113 589,001 1.733 RECONCILIATION OF FUNDS Total tunds brouglit torward 239.940 51.571 ?91.511 289.778 TOTAL FUNDS CARRtED FORWARD 825.8?R 54,684 880.512 ?91.511 Tbe no￿5 forni part of these fu￿1¢1￿1 statements Pug¢ 5 SpiDg1 P￿rAlysIS Injllrfies Balance Sheet 31 December 2024 2024 Total funds 202) Tot fllnd5 Unrestricted ft]nd5 Restiicted lid Notes FIXED ASSETS Investments 242,186 54,684 296,870 255,146 CURRENT ASSETS Dtbtors Cash &t ba])k 580,(K)O 4,599 580,0(M) 4,5Y 36.365 584,599 584.599 36,365 CREDITORS Amounts falling due withw oue year io (957) (957) IYET CURRENT ASSETS 581 642 36,-16_S TOTAL ASSETS LESS CURRENT LIABILITtES 825,828 54,684 880,512 291,511 NET ASSETS 825,1¢28 54,684 880,512 291,511 Unrcstricted tiin(L8 Restricted ftmds 825.828 54,684 239,940 51.571 TOTAL FUTr4DS 880,512 291,511 The financial ststetllffltts were approved by the Board of Trustees and authorised for issue on 25 September 2025 and M'ere signed its behalf by". Raihel Rc¢s- Trustee Wagih El Masry- TnLStee The notes fomi part of these f￿anCIal statements Page 6 Spinal Pgraly¥is #nd IDjuries Cash Flow Statement for the vear ended 31 Decexnber 2024 2024 2023 Notes Cash flows from (bperatiDg actisities Cash generaied from operatiODS Interest wdid (10,796) (268) (6,1831 (107) Net Cash us&1 in op¢rdting activitics (11,064) (6,290) Cash flfrws from investing activities Ptjrcliase ot tired asset in￿¢s￿￿entS Sale of fixed ass¢t investments (79,2901 58,588 37,0?6 Net casb (used in)Iprovided by itivesting activities (20,702) Change in ￿$h and (*h equivaltnts in the reporting period Cash and eash equivalents at the beginning of the reporting period (31.7661 30.736 36.365 5.629 C)sh and ¢ash equivalents at the end of the reporting perlod 4,599 36,365 The not¢s fonll part of these financial statemcnts Page 7 Spinal PJralysSs aDd Injurle5 r4otes to the Ca$h Flow Statement for the ve4r eDded 31 December 2024 RECONCILIATIOIY OF tYET INCOME TO NET CASH FLOW FROM OPERATITrIG AcTIVIT￿s 2024 2023 Net llleome for the reporrfng period (as per the Statsment of Financi*l Af tivities) Adjustments for: G￿n on invebnnents Interest patd Increase in debtors [Thcrea￿ in ¢rtdiiors 589.001 (21.0221 268 1580,0001 57 107 Net cash used ID operatioDS 110,7961 16.1831 ANALYSIS OF CHANGES IN NET FUNDS At 1.1.24 Cash flow At31.12.14 Net c8sh Cash at bank 36,365 (31,7061 4,599 36.365 {31.7661 4,-f99 Toial 26,365 {31,7661 The notes foiTn part of these financial stalements Page 8 Spinal P*ralysis snd Injurie5 Iyotes to the Fin3neial Ststenjents for the vear ended 31 DeCe￿ber 2024 Accouf4TING POLICIES Basis of preparing tbe financial statements The financial statementg ot the ¢harity, which is a public benefit entity uuder FRS 102. have been prepared in accordance with the ch￿lties SORP (FRS 10?) 'Accounting and Reporting by ch￿ities. Staiement of R¢comJnended Prac(ict applicable to ¢h2riiies pr¢paring th¢ir aLYounts in acLordanLe with the Finan¥io1 Reporting Standard appIL￿ble in the UK and RepubliL of Irt12nd (FRS 102) leffectike l January 2019),, Financiaj Reporting Standard 102 The Financial Reporung Standard appli¢able ¥n tli¢ UK and R¢public of Ireland, and the ChariLicq Act 2011. The financial ststements have be¢n prepared under the hÉstorical cost CODN'ention, with the exception of iDvesttnents whiLh are iticluded at market valu< ￿ modified by the Tevaluation of certain agsets. Income All income is fccobnised in the Ststcfflent of Financial Activitie% once the ¢knarity ha5 ¢ntitlernent to th¢ fi]n¢Lq. il is ptobable that the income will be T¢ceived and the amount can be me&8ured rliably. Expendi￿re Liabi]ities are recogllised as expettditure &$ soon as there is a legal or constrLlCtive obligation cotnmitting tbe charity to that expenditure, it is probable tbat a tl￿￿fer of economic benefits will be required in settlement and th¢ amout7t of tbe obligaflOD ¢an be in¢asured r¢liably. Exp¢nditurc is 8ccount¢d for on an accruals basis ond has begn classified under I)¢8din￿ that aggregate All c<)st related to the category. Where Costs calmot be directly attributed to particular headin(ts they ha*e been Ilv¢at&J to activities on a basis consistent witli tli¢ use of resources. GT2ntg' otTered subject to condiriong wl)ich haiFe not been mel at the yezr end date are noted as a committlleni but Dot 3ccntd as ¢xpenditur¢. Taxation Tlie charity 15 exempt trom tax on its cliaritable activities. Value added tax Ag the raajority of Spinal PaTalysis aDd Injwi&% Reseaich Infom￿110￿ and Training acti&ities are c12SSitied Bs exempt or DOll-busin¢ss activities for tb¢ purpos¢s of value added tLK. the Clwity is unable to reclaim all th¢ value added tax thal il suffers on its pur¢h&8&8. Expellditt￿e in these financial ststements is therefor¢ shown inclusiv¢ of valu¢ added tax. Fund *¢¢ounting Unrestri¢ted fi￿d5 ¢ao be used in accordaoce Thith the charitable objectii'es at the th'scretion of the trustees. Rcstricted fun(ts ian only ￿ us¢d for particular ff6triLted PUTposes within th¢ obl￿ts of the chariry. R&qts'icuons arise when specified by the donor or when funds are rAised for particular ￿stricted purpos¢s. Further ¢xplanation of th¢ nanjre and purrK)sc of eaLh fund is Inblud￿ in the notcs to thc tinAnLial statenienls. Valuation of investments The in￿eStmen[S aTe included at mid-martet values as at 31 December 2024. DONATIONS AND LEGACIES The Cltsrity has been infomied dutin&* this year that they arc thie w receive two legacies durin& the yGryr ended 3 l De￿nber 2025.The tirst relat¢s to the estate of th¢ late Dr Graham Robert Harlow, amounting to approxiU￿teIY £150,000 and the other from tbe sale of apropety bequeathed by the late Miss Searle. amouDting (o approxirDately £4.10.￿0. Page 9 continued... Splnal Paralybls and Injurle5 Notes to the Financial Staternents- ¢otttinlled for the vefir ended 11 December 2024 ii. MOVEMENT iTri Fuf4lDS- eonthiued Comparatives for movement in funds Net moveillent in funds Ar 3112.27 Unrestricted fllnd5 General tllDd 239,.'i24 41CI 239,940 Restricted funds Paul Hod¥es Fund 5l,571 TOTAL FUNDS 289.7 18 1,73? 291.51 1 Comparatii'.e net movement in fiinds, in¢luded in the above are as follows.. ncomin resources Re5ClI1￿. experided Gain5 and losses MoTr¢Th¢nt in funds Unrestricted funds General tL￿d 7,635 6,706 416 RestrlLled fund5 PaLII Hodg&% Fund 1,317 1..317 TOTAL FUNDS 7.6.35 1,73.3 A current y¢ar 12 monihs and ptior y¢ar 12 iiiontljs combined positiorj is as follows.. Net movemenl luiids At 31.12.24 A( l.1.!3 tynrestrfi¢ted funds Getteral tund 23Y.iA4 586,304 825.828 R¥striLted fullds Paul Hodges Fund 4,430 f 4,(?84 TOTAL FUNDS 289.718 590,734 880,51? A current yeaT 12 months nd prior year 12 inonths combined net mov¢in¢nt in fun