REGISTERED COMPANY NUMBER: 04651429 {En9land Wales) REGISTERED CHARITY NUMBER: 1101507 The Spinal Unlt Actlon Group Trustees. Report and Unauditsd Flnanclal Statements for the Year Ended 31 March 2025 Adv8nce Chartered Certified Accountants 71-73 Hoghton Street Southport Merseyside PR9 OPR
The Spinal Unit Action Group Contents of the Flnanclal Statements for tha Year Ended 31 March 2025 Page Truste68' Report Independent Examlnarfs Report Statement of Flnanclal A¢tivltles Balance Sheet Cash Flow Statement Notss to the Cash Flow Statem•nt Notes to tho Flnandal Statgments 10 to 16
I he Spinal Unit Actlon Group (Reglstered number: 04651429) Trustees. Roport for the Year Ended 31 March 2025 The trustees who are also director8 of the charity for the purposes of the Companies Act 2006, wesenl their report with Ihe financial statements of the charity for the year ended 31 March 2025. The trustees have 8dopted the provisions of Accounting and Reporting by Charitles: Statwnent of R0MMended Pradice applsoable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK arKJ Republic of Ireland (FRS 102) (effective 1 January 2019). OBJECTniES AND ACTivrriES Objectlves and aims The compan9 objeclives and principal activities are to a8SiSt and re5ieve patlents and fomier patients of the North West Regional Spinal Injuries Centre by provision of grants or equlpment and to provide a residantial Care facility at 6 Weld Road, Southport. ACHIEVEMENTS AND PERFORMANCE Charitsblo activities The new vehIe has bn convwted and is belng w811 used by the residents. The garden areas have been much Im[ed with specia stations for pottlng plant5 and also a new potting shed was J711 allowing residents to fijlly utilise their gardening skills. Plan8 for a new weenhouse are in hand 8fter winter stomis severely damaged the strUre. We slill provide toilatrles for patients of the Spinal Unit and travel expense8 for their relattves. FINANCIAL REVIEW FinanGI* posttion The ¢hartty remalns on a sound financial basls, Our funds are invested acn)ss drfferent IrNestment seolors and are reviewed regularly. The portfdio has d8creased In value thls year after a dlfficult year in the financial markets. Th8 trustees have exarnined the operational and buslness risks faced by the charity and confim) that thay have established systems io mltlgate the slgnificant rfsks. Our Residential home, 6 Weld Rd has contlnued with good occ#Jpancy levels aKled by the Spinal Unlt (treaCh programme. There was a feasonable Increase in care fulIng from the looa authorlties although there has been a reductlon in our provtslon of respite care. Reserves policy It Is the policy of the company to malntain unrestrlcted funds at a lev81 whi(A) equates to a mlnlmum of one years running costs for 6 Weld Road. The current level of re8erves stands at £751.703 (2024.. £793.686). comprising all unrestricted net assets excluding the tangible fixed assets. This equates to approxirnately 18 months, running costs, 7fvhich is considered necessary by the trustees in light of the fact that the charty has operated at a deficlt for several years exacerbated by th810s8 of a major source of grant funding. STRUCTURE, GOVERNANCE AND MANAGEMENT Gov•rnlng documènt The charity is controlled by its governing document, a deed of trusL and constlbjtes a limited company, limlted by guarante8. as defined by tr Companies Act 2006. Appoiirtment of Management Commltteo The directors of the company are also charity trustees for the purp)ses of charity law and under the ¢ompanV8 Artides are known as the ExecLrtive Committee. Trustees are elected from the general membership following long term involvement with the d)arity. Specific sklll requirements are identiAed and appropriate persons are approached for their input and involvement. Executive offws are elected to serve every year. Page 1
The Splnal Unlt Actlon Group {Reglstsr8d number: 046514291 Trustees, Report for the Year Ended 31 March 2025 STRUCTURE, GOVERNANCE AND MANAGEMENT Organlsatlonal structure The charlty elects the Exewtive Committ80 who meet six times per year io review and ¢ontrol the operalions of Ihe charity. The membership meets monthly and is requested to ratfy any Executive Committe6 decision8. A Management Commlttee Is appointed by Executlve and 18 charged with responsibility for the ongolng running of the Residential home. 6 Weld Road, with a full time manager, M Cheetham, appointed for the day to day management decisions. In setting our objectlves planning our activities. the trustee5 have given careful conlderalon to the Charty Commlsslon's general guidance on publlc beneflL Related partles There is a close worklng relationship with the Regional Spinal Injuries Centre and also apwoprlate Local Authorlty Departments covering many aspects of the requirements of our target dlents. We have re enforced our mutual working relationship wlth the Spinal Injuries Associat5on and with other rdated charities both national and local. Rl8k management The trustees have appolnted professional advl8ors to ensure Ihe contlnulng cx)mpliance with current legislation and to a8SiSt with 811 risk ass8ssments. A thorough revlew of insurances cover has been urKlertaken in thls year. REFERENCE AND ADMINISTrATIVE DETAILS Reglstered Company numbor 04651429 {England and Wales) Roglstered Chaty number 1101507 R•glster•d offke 71-73 Hoghton Street Soulhport Merseyside PR9 OPR Trusto05 S P Crllly Retired P Sett Doctor G M Sknienson None M A Wren Retired V J 8oydell Retired (appointed 9.4.24) Company SeGr•tary MAWren Independ•nt Examln8r AdvanGe Chartered Cwmed Accountants 71-73 Hoghton Street SoLthport IAerseyside PR90PR Page 2
Th¢ Splnal Unlt Actlon Group (Reglstered number: 04651429) Tru8teo8' Report for the Year End•d 31 March 2025 COMMENCEMENT OF ACTivrriES The company was incorporated on 29 janu 2003, and registered as a charitable company on 14 January Approved by order of the board of trustees on 24 September 2025 and sIgned on ts behalf ty. M A Wren - Trustee Page 3
Independent Examinerfs Report to tho Trustees of The Splnal Unlt Actlon Group (Registsred numbèr: 04651429) Independ•nt examlnor'g report to th• truste88 of The Spinal Unlt A¢tlon Group (Ihe CompanY) I report to the eharity trustees on my examinatlon of the acccwnts of the Company f¢r the year ended 31 March 2025. Responsibillties and basls of report As the charity's trustees of the Company (and also its directors for the purposes of o)mpary law) you are re8ponsible for the preparation of Ihe accounts in accordan with the requirements of the Cornpan Act 20[* (e 2006 AGt'). Having satisfied myself that the account8 of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examinatÉon. I report in r8spect of my examlnation of your charfvs accounts as carried out under Seclion 145 of the Charities Act 2011 ('the 2011 ACV). In carrying (Ajt my examination I have followed the Directions given by the Charity Comrnission under Section 145(5) (b) of the 2011 ACL Ind¢p•ndent examlnevs statement Sinca your charty's gross income exceeded £250.000 your examlner must be a member of a listed body. I can confffm that l am qUalifd to undertake the examinatton baUSe l am a member of the Association of Chwtered Certttled AcGouniants, which is one of the Ilsted blIes. I have completed my examination. I contlrm that no matters have Gome to my attentk)n In connection wlth the examlnatlon glvlng me cause to believe: accountiro records were not kepi in respect of the Company as requlred by Section 386 of ts 2tN)6 Act., or the a¢counts do not accord wlth those records" or the accounts do not CoMY wlth the accounting requlremenlg of Sectlon 396 of the 2006 Act other than any requir8m8nt Ih8t the accounts give a true and fair vSew whlch is not a matter consldered $5 part of an Independent examination,, or the accounts have not been prep8red In accordance with the methods and principles of the Statement of Recommended Practlce for accounting and reporting by Gharities (applicable to Charit preparing their accounts in accordance with the Flnanclal Repixting Standard applicable In the UK and Republic of Ireland (FRS 102)). I have no (x)ncern8 and have come across no other matters in connection with the examlnatlon to which tention should be drawn in Ihls report in order to 8nable a proper understanding of the accounts to be reached. Benjamln Gllbgrt The Assoclation of Chartered Certified Accountants Advance CharteTed CertIfd Accountants 71-73 Hoghton Street sthpOrt Merseyskle PR9 OPR 24 Septwnber 2025 Page 4
The Spinal Unit Action Group Ststsrnent of Financial Actlvltles {Incorporatlng an Income and Expendlture Account) for the Year Ended 31 March 2025 2025 Total furKIs 2024 Total funds Unrestrfcted Restrictsd fund fund Notes INCOME AND ENDOWMENTS FROM Donations and legacies 11,812 11.812 15.901 Charltable activlti•s Resldentlal Care Income 680.778 680,778 673,855 Other trading activitEs Invéstment Income Other income 1,596 17.472 1,596 17.472 11,824 1.929 18,513 13.898 Total 715.858 724.098 EXPENDITURE ON Ralslng funds 5,484 5,484 6.413 Charltablo actmtles Residential Care In¢ome 744,755 736,634 Total 7.624 757,863 743,047 Not Incomlngl{outgolng) resourc•s before other galns and Iossos Net gaIn{lo$Ses) on investrnents (34,381) (34,381) (18,961) 7,583) 50.615 NET INCOMEI(EXPENDITURE) {41.964) (41,964> 31,664 RECONCILIATION OF FUNDS Total funds tYght forward 793,667 793.667 762.003 TOTAL FUNDS CARRIED FORWARD 751.703 751703 The notes form part OF se financial statements Page 5
The Splnal Unlt Action Group (Reglstered number. 046514291 Balance Sheet 31 March 2025 2025 Total fund8 2024 Total fvnds Unrestricted Restrlcted fund fund Notes FIXED ASSETS Tangible assets IeStments 14 15 2,822 637 922 2,822 637,922 3,528 682,030 640.744 640,744 685,558 CURRENT ASSETS Debtors Prepayrnents and accrued income Cash et bank and in hand 16 40.333 3,348 115.301 40,333 3,348 115,301 106.906 3,355 43,984 158.982 158,982 154,245 CREDtroRS Amounts falling due within one year 17 148,023) (48,023) {46,136> NEf CURRENT ASSErs 110.959 108.109 TOTAL ASSETS LESS CURRENT LIABILITIES 751,703 751,703 793.667 NEf ASSErs 751,703 751703 FUNDS Unrestricted funds: General fund 18 751.703 793.667 TOTAL FUNDS 751703 793,667 The charitable company18 entitled to exemption frorn audlt under Section 477 of the Compsnles AGI 2006 for the year ended 31 March 2025, The members have not requlred the company to obtain an wdlt of Its financial st8tements for the year 31 Marth 2025 In accordance with Section 476 of the Companies Act 2006. The trustees acknowlodge thelr responsibilities for (a) ensurfng that the charitable compary keeps accountlng record8 that Comply with Sections 386 and 387 of the Companies Act 2006 and (b) preparing financial statements whlch glve a true and f8ir view of the State of affalrs of the charitable cx)mpary as at the end of each finarKial year and of its surplus or dètlclt for each financial yew in accordance wlth the requirements of Sections 394 and 395 and Wtth otherwi58 comply with the requirements of the Companles Act 2006 relallng to financlal ststements, so far as 8pFlcabte to the charltable company. The note8 forni part of these financlal statements Page 6 continued...
The Spinal Unit Action Group {Roglstered number: 04651429) Balance Sheet . continued 31 Mah 2025 These finarKial statements have been prepared in accordan wilh the provisi$ applicable to charitable cnmpanies subject to the smai compantes gime. financtal statements were approved by the Board of Trustees and authorised for Issue on 24 September 2025 and were sIgl on its behalF by: , l/hl. M A Wn - Trustee The notes fom part of these financial slat8m8nts Page 7
The Spinal Unit Actlon Group Cash Flow Statement for the Year Ended 31 March 2025 2025 2024 Notes Cash flows from oparating actlvltles Cash generated from operations 107 286> Net cash provided byl{used In) operatlng activities 17,320 C107.286) Cash flows from Invostlng actlvili88 Purchase of fix8d a88et investments Sale of fixed 885et investments Interest recelved Dlvldend8 received (29,491) 66.016 (84.985) 138.847 702 17,811 16,507 Net cash provided by Investing activltles 72,375 Change In cash and ca8h •quival•nts In the rnporting period Cash and cash •qulval•nts at the beglnnlng of the reportlng period 71,317 (34.911) Cash and cash equlval•nts at the and of the féportlng perlod 115,301 43,984 Th8 notes form part of these financial statements Page 8
The Spinal Unit Actlon Group Notes to the Cash Flow Statsment for the Year Ended 31 March 2025 RECONCILIATION OF NEf (EXPENDMJREYINCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 2025 2024 Not {¢xpendltur•)Iln¢ome for th• reporting p•rfod {as per tho Statement of FlnanGlal Adivlties) AdIlMont9 for. Depreciation charges Lossesl(galnJ on Investrnenls Interest recelved Divldends receÉv8d Decreasel(IrKYease) in debtors Increasel(decrease) In cr•ditors (41,964) 31.664 706 7,583 (5) (16.507) 895 (50,615) (702) {17,811) (66,151) Nèt cash provld•d byl(used In) opernfjons 17.320 107.286) ANALYSIS OF CHANGES IN NET FUNDS At 1.4.24 Cash ftow At 31.3.25 Net ca8h Cash at bank and in hand 43.984 71,317 115.301 115.301 T¢)tal 115.301 The notes lorm part of these finanGlal 6tst8ments Pag6 9
The Splnal Unlt Actlon Group Notss to the Flnanclal Statements for the Year Ended 31 March 2025 ACCOUNTING POLICIES Basis of proparlng the financlal statoments The financial statements of the charitable company, whlch is a public beneflt antlty under FRS 102, have been prepared in accordanc8 with the Charitles SORP {FRS 102) 'Accountlng and Reporting by Charities: Statement of Recommended Practice appllcable to charities preparlng their accounts in accordance with the Flnancial Reportlng StarKl8rd ap[Alble In the UK and Republlc of Ireland (FRS 102) (effeotive 1 January 2019),, Flnanclal Reportlng Standard 102 The Flnancial Reporting standard appllcable in the UK and Republlc of Ireland, and the Companies Act 2006, The finan¢lal statements have bèen prepared under the historlcal c08t convention, wlth the exception of investments which are Induded at market value, as rnodffied by the revaluation of certain assets. Income All Income 1$ recognlsed In the Statement of Financi81 AGlivttles once the Charlty has entrtlement to the furKls, It Is probable that the inwme wlll be recdved and the amount can be mea8ur6d reliably. Expondlture Liabl1188 are recognksed as expenditijre as soon as there is a legal or construclive 0bllgan committin9 the charity to Ihat expenditure, it is probable that a transfer of economlc benefits will be requir8d in settlemenl and the amount of the obligation cars be MeasUd rellably. ExperKJiture is accounted for on an accruals basis and has been dassifi8d under headings Ihat aggregate all st related to the category. whe costs Inn0t be directy attributed to partlcular headlrvJs they have been allocated to actlvlt188 on a basis consistent with the use of resources. Grants offered subject to conditions which have nol been met at the year end date are noted as a Gommitment but not accrued as expendiiure. Tanglblo flxad &8sets Deprèciatlon Is provided at the followlng anryjal rates In ord8r to wrile off each asset over it5 estlmated useful lrfe. Flxtures and fittings 20% on r8ducing balan¢s Taxation Tr charrty Is 6xempt from corporation tax on ¢harltable actlvilies. Fund ac¢ountlng Unrestricted funds can be u88d in ac(x)rdance with the charitable objectives at the discretlon of the trustees. Restrlcted fuThJ¥ can only be used for partiTrJlar restricte(I purposes within the objects of the charty. Restrlctlons arlae when specrfled by the donor or when funds 8re raised for parti(AJlar restricted PLwposes. Further explan8tion of the nature and purpose of each fund is Included in the notes to the finanoial statements. Pension costs and other postwretlroment bon The charltable cornpany operates a defined contribullon pension scheme. Conlributions payable to the ¢harltable company's pension scheme are charged to the Statement of Financlal Activlties In the period to which they relate. Page 10 continued...
The Splnal Unlt Actlon Group Notos to the Flnanclal Statements . contlnued for the Year Ended 31 March 2025 DONATIONS AND LEGACIES 2025 2024 Donatior OTHER TRADING ACTIVITIES 2025 2024 Fundralslng ev&nis 1,596 INVESTMENT INCOME 2025 2024 Other fixed asset invest - Fll Deposit account interest 16,507 17,811 702 INCOME FROM CHARITABLE ACTivmES 2025 2024 Aclivty ResKlential Care Income Residential Care Fees 68D,778 673,856 RAISING FUNDS Inv88tment management 2025 2024 Portfolio management CHARITABLE AUIVITIES COSTS Grant funding of activities {see note Support costs (see note 9) Dlrect Costs 8) TotaSs Residential Care Income 705.565 2,379 752.379 GRANTS PAYABLE 2025 2024 Resldential Care InGome 14,128 Page 11 Gontinued...
The Splnal Unlt Actlon Group Notes to the Flnanclal Ststemonts . continued for the Year Ended 31 March 2025 SUPPORT COSTS Govttnance costs Management Totals Residential Care Income 6,979 37,456 6,979 10. NEf INCOMEI(EXPENDFTURE) Net incomel(expenditure) is stated after ch8rgingl(crediting): 2025 2024 Depreclatlon - owned assets 706 11. TRUSTEES. REMUNERATION AND BENEFrrs There were no trustee5' remuneratlon or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024. Trustees. oxpens08 There were no tru8teos' expense8 pald for the year ended 31 March 2025 nor for the year ended 31 March 2024. 12. STAFF COSTS 2025 2024 Wages and salaries Social security costs Other pension costs 518,624 29,773 11.624 24,158 11.368 560 021 The ayorage monthly number of employees during the year was a8 follows.. 2025 2024 Residentia care home staff No employee8 recelved emoluments in excess of £60,C#)O. Page 12 continued...
The Splnal Unlt Actlon Group Notes to the Financial Statements - contlnued for the Year Ended 31 March 2025 13. COMPARAllvES FOR THE STATEMENT OF FINANCIAL ACTivmES Unrestricted Restslcied fund fund Totsi funds INCOME AND ENDOWIAENTS FROM Donations and legacies 15,901 15,901 Chantable actlvltles Residential Car8 Income 673,855 673,855 01tr tradi activities Investment income Other Incomè 1,929 18,513 4.200 1.929 18.513 9,698 Total 714,398 9,698 724.096 EXPENDITURE ON Raising funds 6.413 6,413 Charitabl• actlvltles Resldential Care Income 726,936 Total 733.349 743,047 Net galn8 on investments NET INCOME 31,664 31,664 RECONCILIATION OF FUNDS Tota f4Jnds brought forward 762.003 762,003 TOTAL FUNDS CARRIED FORWARD 14 TANGIBLE FIXED ASSErs Flxtures and ttings COST At 1 April 2024 and 31 March 2025 DEPRECIATION At 1 April 2024 Charge for year 127,960 706 At 31 March 2025 128,866 NEf BOOK VALUE At 31 March 2025 2,822 At 31 March 2024 Page 13 continued...
The Spinal Unit Actlon Group Notes to the Financlal Statsments - continuod for tho Year Ended 31 March 2025 15. FIXED ASSEf INVESTMENTS Llsied Investments MARKET VALUE At 1 April 2024 Addltions Disposals Revaluations 682.030 29.491 {54,667) 118,942 At 31 March 2025 637,922 NET BOOK VALUE At 31 March 2025 637.922 At 31 March 2024 682,030 There were no investment assets outside the UK. Cost or valuation at 31 March 202518 rewesented ty: Llsted investments Valuatton in 2025 16. DEBTORS: AMouKfs FALLING DUE WITHIN ONE YEAR 2025 2024 Trade debtors 40.333 106,906 17. CREDITORS.. AMouKfs FALLING DUE WITHIN ONE YEAR 2025 2024 Trade creditors SrfSal security and other taxes Accruals and deferred income 22,606 6,101 20,501 48,023 18. MOVEMENT IN FUNDS Net movement in funds At 31.3.25 At 1.4.24 Unrostrfcted funds General fund 793,667 (41.964) 751,703 TOTAL FUNDS 751,703 P8ge 14 continued...
The Spinal Unit Action Group Notss to tho Flnancial Statements - continued for the Year Ended 31 March 2025 18. MOVEMENT IN FUNDS - contlnuod Net movement In furKls, inGluded in the above are as follows: Resources expended Incomlng resources Galns and Movement losses in funds Unrestrict•d funds General fund 715,858 {750,239} (7,583) (41,964) Re8trlcted funds Rgstricted Funds 7,624 (7,624) TOTAL FUNDS 723,482 Comparativos for mov•mont In funds Net movement in fund5 At 31.3.24 At 1.4.23 Unrestrlcted fundB General fund 762,003 31,664 793.867 TOTAL FUNDS 762,003 31,664 Comparative net movement in lunds, induded In the ab)ve are as follows: Incoming Resources resources expended Gains and Movement losses in funds Unrestrlcted funds General fund 714,397 (733,348) 50,616 31,664 Restrl¢ted funds Restricted Funds 9.698 (9,698) TOTAL FUNDS 743.046) 50,615 31,664 A current year 12 months and prior year 12 months combSned positlon Is as follows: Nel movement in funds At 31.3.25 At 1.4.23 Unre$trl¢tod funds General fuTh 762,003 {10,300) 751,703 TOTAL FUNDS 751703 Page 15 contlnued...
The Spinal Unit Action Group Notes to the Flnancial Statements . continued for the Year Ended 31 March 2025 18. MOVEMENT IN FUNDS - continued A current year 12 months and prior year 12 months combined net movement In funds. Included in the above S as follows.. Incoming resources Resourc88 expend Gains and Movement losses in lund$ Unrestrl¢ted funds General fund 1,430.255 (1.483.587) 43.032 <10,300) Restrlcted funds Restricted Funds 17,322 (17,322) TOTAL FUNDS 1 447,577 {1.500.909> 19. RELATED PARTY DISCLOSURES There were no related party transactlons IOT the year ended 31 March 2025. Page 16