COMPAhV REGisf114TIOY N'UMBER: 5599689 CHARITh. REGISTIi4TlON f*UMI BER: 1113253 Path To Success Company Limited by Guarantee Unaudited Financial Statements 31 December 2023 BARhlS ROFFE LLP Chartered Accountanis 3 Brook Business Centre Cowle>' Mill R()ad Uxbridge Middlesex UB8 2FX Path To Success Cornpany Limited by Guarantee Financial Statements Year ended 31 December 2023 Page Trustees, annual report (in¢orpordting th¢ directovs report) Independent examinerfs report to the ¢n￿le¢S Statement of financial activities {includAng income and expenditure account) Stalement of financial p()Sition Notes to the financial statements Page I Path To Success Company Limited by Guarantee Trustees, Annual Report Uncorporating the Director's Report) Year ended 31 December 2023 The trust¢es, who are also the direeiors for the purposes of company law, present their I¢FM)rt and the unaudited finatL¢ial ￿ateMeTrts of the ¢tMTity for the yeat euded il De¢ellLber 202i. Referellte gnd Administrative detaiL8 Registered cb*rity name Path To Success Chgritv registr8tlOD Dumber 111325) Comp*tty registratio￿ number 5599689 Principal o￿Ate And registered offite 23 Buckingbatn Gate tA)ndon SII'IE 6LB The trustees A Choudhrie B c1￿Udh￿¢ S Von Ball[D￿5 AR Ghafoor P J Gordon V A J¢nkin$ (Retired 12 Febrnary 2024) Independent examiner Mark Hancock FCA {Ind¢pendent Exa￿lner) For and on behalf of Barnes Roffe LLP Chartered AccouThtants 3 Brook Business C¢ntr¢ Cowley Mill Road Uxbridge Middl¢s¢x UB8 2FX Strncture? governance and than*geme￿¢ Th¢ orgznisation is a charitable company limited by guarantee, iThcorwknied ott 21 October 2005 and registered as a charity on 13 Mar¢h 21K>6. The Company was esthblisbed under a M¢Thi)rdndum of As%)ciation, which established th¢ objects and w)wers of the charithbl¢ company. and is governed under its Articles of Association. In the event of the compaDy Ixing woulld up tnembers are required to CODtribute an amount not exceeding £10. Appointsnertt of Trustee*Board Memb¢rs orDire¢tor and other i*)dies of PTS The Board will approach its new metnb¢r5 based on their ewise, knowledge, word of mouth, personality, conracts and charitabl¢ work. Tbe Board will for Candidate's CV. Meet with the Candithe and discuss the Chartty. The Board will then send an invitatioTh Ictter to the Candidate to join PTS. PAge 2 Path To Success Compall), Limited by Guarantee Trustees, Annual Report Oneorpor4ting the Director's Report) (c•wiw*d) Year ended 31 December 2023 Objettives And activities Path to Surce55 {PlS1 is a ¢h3rity built p3ssioJL dedication and mpathy. We strav¢ to bring success and )sitive empowernient to those who live challtnged lives. The Trnstees of the Charity and its supp)rters have vast experience in fund raising and working with charities. With this shar¢d platform of pooling expertise and resources the Charity Viants to make its pledge of support as follows.. 'We will 5how¢as¢ exceptional and ¢d￿fullY selected projects idetltified ￿7th all earnest of stspporL Our pledge is ￿ direct fund rai5￿g ￿Wa￿lS measurable proje¢ts to ]nake an imTll¢diate and demoJJstsabl¢ impact.. Our vision is to share goodwill within th¢ United Kingdom and overseas w help individU￿S overcome their diffJ¢uliies by.. Educating those M'ho can't take ¢ducation for gfdnted. Helping individuals to overcome their disabiliti¢s. Supporting individuals with long iem) health con¢ems with limitrd fllwicial resources. The Charity holds fundraising Gala5 and Sporttng challenge cycnts for fundrdi5ing well as wel¢omin8 donations from indii'Èdua15 arKt orgaThi5ations. The fvnds ￿ eollected are to supp)rt the Charity's appea]. In 2023 the Charity continued its SUPlXIrt of Empowering GB Female Athlete5 in Disability Sport who dr¢am of competing in the Commonwealth Games and Pardlvrnpics but do not receive rnuch funding and are self-funded or 8UPPOrted by thcir familie5. imany disabled Athletes have to self-fund majority. of their sporting rareer to ¢ompeie at the Professional and Paralyrnpic level. The financial help Ès to aid cost of Coa¢hin& Tourrlament F¢e5. Equiptnent and Nutrition. The Charity's SUPPDrt is in follr major Disability Sport.. Wbeelcbair B&sketball. Wheelchair Tennis, Para Powerlifting atld Parn Badminton. There És still a huge gulf in recognition. 5wnsor5hÈp and fLnaThcial support received by P8rd Athletes eomparc to able body athletes. and we want to 'Continue Making a Difference.. Being one of the only charities ITL the UK suppor1ing Female Athletes in Disability Spon h&5 made the Chariry mor¢ detrrn)ined than ev¢T to carry on its support for the Athl¢t¢s on their Path to Paralympi¢$ 2024 in Patis & Bevond. Yts aims to suprA)rt TK)t only the next generation of PaTHtympic star& but a150 proTride access and opp)rtunity to spgrts for all disabled w'omen. The current lack of fijnding for disability. sporLS in the LIK and the asso¢iated risks ofina¢tivity all)ongst yolln8, disabled wometh is ￿rnething we feel pwionat¢ aboui ¢hangiog. This year the Charity extended its fijnding io *Jditional causes.. East London Phoenix Womell Pr¢tnier League Wheelchair Basketball Team one of the four in the UK. The British Wheelchair Basketball Wornen's Premier League is the first of its kind for women's wheelchair basketball in the world. and the very fitst pn)fessionai para-s]x)rt lS¢ tsf the l¢ague is to dekelop and nurture GB F¢tnal¢ w"h¢¢lchair baskctball talent and develop future elite athletes aiming to represent GB in Paralympic5. PTS'S firLancia] support is to aid the team via helpKng with trawrt costs. Lily Mslls who i5 a GB Tennis player was sel¢cied in Spe¢ixl Olympi¢s foT 'Au5trdlian Open Persons with Intellcctual ITnpairmtht Championships.. The funding for Lilly covered parts of her cx)sts attendin8 the games. Paih to Suecess IFtS) has continued supporting local Club, Lottdon Tttans Whe¢l¢hair Basketball CILtb over the last few years through The Anuual Wheelchair Bask￿b￿l Challenge, which wa5 held on itt East London University's Sportstk>ck on 19th June 2023. Page 3 Path To Success Company Limited by Guarantee Trustee5' Allnu21 Report Oncorporating the D]r￿tor'S Report) {cMiiuwed) Year ended 31 December 2023 Providing ONGOING FINANCIAL SUPPORT ￿ GB Female Para-.4th1etes. Reduce their STRESS of financial romtnittnents where their loc￿ c8n solely be on traiThin8. Increase A WARNESS aFx>ut Disability SrM)rt. Be able io SUPPORT more young, promising and ts]ented PaTa-Athlete5 OD their Path to Para]ympics & Beyond. The Trustees are actiyely involved in rnaintsining ¢ommuni¢8tion with Charity's employtt io ¢n5ure that th¢ Chariry's Obj￿IlVe$ ate mer. The Twsiees of the Chatity have trgard to the Cotnmission's public benefit guidance, when exer¢isillg any power or dutL¢S to wbich the guidance is relevaDt. The Charit5, has been workillg very c105¢1y with its c0￿Mittee Tcatn who bave btto in regular communtcation via zoom or mobile phone, sharing ideas in helping charity to raise fvnds durin8 the year. Achievements and perform*D¢e Path to Success hosted its annual Wheelchair Basketball Challenge aryl the Annual Gaia in sup]xTrrt of GB Female Athletes in Disability Sport. During these ¢yeT￿ PTS managed tts Taisc fitnds to sUP￿rt nine GB Para Athletes, East London Womtn'5 Phoenix IlTheelchair Basketba]l Team, London Titsns Iltheelchair B&sketba]l and Ltlv Mills, GB Tenni5 Player se]￿ted for Special Olympics in Au5trdli& The chgrity once again initiated ￿lack Friday Sale, where the charity tried to sell some of the remaining auction items from the Gala. online to the Charity contacts and guests who attended the ¢vening in NO￿¢Mber. In 2023, the Charity ¢olle¢ted a ￿tal of £154,194 vtsluntary donatioTb5 and fundraising events. The charity will contanue keeping the adtninÉstration costs as low &s possible by continutn8 three working days for its employtt in 2023 but aimin8 to increase the hours of work in the nem v¢ar. In 20?3, PTS continued in incr￿s[￿B awareness of disability sports aThd improve the image of parn athlete5, their hard work and detennination through ￿Cial media plarf¢)rn)s. The Chariry invited one of its retired Pard Athl¢te to tak¢ the role as Patron- tA)uise Huni-skelley PLY. The Charity is aiming 10 COTLtinut providing the financial support for the athletes with the fvnds raised through 2023. We once again c¢lebrdied the of Women on the Internalional Women'5 Day on March 8th. 2023. hy4 Path To Success COm￿nY Umlted by GuArAnttt TrDs¢ees' AnnM*l Report Ilncorporatlllg Ihe D1rtdfy￿9 Report)(emthwe•J Y￿r#￿ded 311)e¢ember 2023 The p)licy of the li kn m•B*•UI • rexrve5 ewlvalcui to three of operatllig togt. Rescm u¢ beld for mcdin8 th¢ day ro dAy Opcrllt￿s expeDM The Clthrity tAIMdy lo wpporf o&r dc5aryO8ththlie& Atty excets ttKrYes Ileld v¢ll b¢ I0￿DIvk fu￿¢1￿ surprt lOde￿In8 ¢hJJit Th¢pTi￿￿￿1 5wr¢ offvTrJin8 thcycqr h&% twi qnd fiJndr*isinu ¢v¢Jrt& Durlllg th¢ yurthE Cbrrity. eCDetattd of £154.l94. Th¢ CA￿di1￿¢ for the ycgr £146,771 ntOiDly in¢urred for day Tr thrtt y￿5 h&$ Tr*cn firtoncialty di(fic¥k fi* thc Cb¥ity. and now with I￿¢[c￿￿8 Cost of living and kigb¢sinlcrc51 sdbo¢ks from th¢ P￿de￿￿ w¢ aot¢&y w T¢¢ovtr. The Chrrity tb¢ rA7W of t¢¢hDOto&v by illitiHuve (￿ gta¢k Fri&y Sa￿. W¢ bave pl￿ f￿*11¥)￿$ srvLts but $￿ty Success￿ btttvillctyiinue ￿d0 so. In 2Q3. the i¢ liming to hcst its Wx¢khair Basketh8ll AllmAI Fiuthing Llall* on 19th 2023. The 15 its'Annual gth ￿ 2ndNovf4nlKr2023. Eyeuts *nerthe t•d oftht rtportiBgpetknJ affoathe opmoB orth¢ Chwsty UQT ¥CquI￿ ￿J￿Il￿gor￿1{￿￿re in the fjnpncial Small ¢oJDpallyprovisio Pige 5 Path To Success Company Limited by Guarantee Independent ExamKner'5 Report to the Trustees of Path To Success Year ended 31 December 2023 I rewrt to the rnjsiees on my examKnation of the financial Statements of Path To Succes5 (the ¢haTity'} for the year tllded 31 December 202i. Responsibilities ind hsis of report A5 the trust¢¢s of the cotnpany land a150 its direclors for the purposes of compaoy law) you responsible for the preparation of the financial statements iTh accordance with the requirements of lh¢ Companies Act 2006 ('th¢ 2006 Act'}. Having satisfjed myself the accounts of the Company are not required to k audited under Part 16 of the 2006 Act and are eligible for indepcndent examination. I report in respect of my examination of th¢ charity's accounts as Carried out under section 145 of the Charities Aet 2011 ('Ihe 2011 A¢¢'). In Carrying Out my exatninatioll I bave followed the Directions given by the Charity Commission under section 14515Kbl of the 2011 Act. Independent ei#minerfs st#iemellt I have completed my examination. I coTrfinn that no matten have ¢oMe to my attention in conntction with the examinatiott givtng me cause ￿ beli¢ve'. accounting records were not kept in respect of the cI￿lty as reqllired by s¢¢tion 386 of the 2006 Aci,. or the fjnancial stat¢m¢nts do not a¢¢ord with those record5.' or the financial statements do not comply with the accouniing requirements of section 396 of ¢he 2006 Aci other than any reqlliremeni that the a¢¢ounts give a 'true and faiv view which is not a Thatter ¢otrsid¢Ted tys part of an ind¢peTrdetkt examinatiou. or the f￿ancial statements have noi been prepar¢d in a¢cordan¢e with the method5 and principles of the Statement of Recommended Prn¢ii¢e for a¢¢oullting and reportillg by charities applÉcable io charities prtparirtg their accounts in ae¢ordan¢¢ with the Financial RewTrrtÈDg Stsndard applicable in the UK and Republic of Ireland IFRS 102). I have no concerns and have come across no other matt¢rs in ¢otme¢tlOll Wlth the exatnination lo which artelltion shollld be drawn in this repoft in order to enabl¢ a PTDp¢r understandin8 of the aC￿ll￿ts kn be reached. Mark Hancock FCA { depen en iDer) For gnd on behmlfof Barnes Roffe LLP Charteted A¢¢oun¢ants 3 Brook Bu5incs5 Ccntre Cowley Mill Road Uxbridge Middlesex UB8 2FX P8ge 6 Path To Success Company Limited by Guarantee Statement of Financial Activities (inclvding income aDd expenditure account) Year ended 31 Deeember 2023 2023 Restri¢ted Endowmettt fund5 nds Total fund5 2022 Unrestrieted funds Tota] fi￿dS Income and endoTrinents Donations and legacies Other trading aciivities Investment inwme 18.870 124.924 714 2.000 7.686 200711 132,610 714 27.747 161.824 65 Total iRcomt 144.508 9.686 154.194 189.636 Expenditure Expenditure on raising funds-. C05t5 of other trading 51.385 4.460 5iW5 35,500 Expendinjre on charitable activities 9,10 83,860 7,066 90,926 40,951 Totsl eXpendI￿re 135,245 11.526 146.771 76,451 Net iDcorne and net MOVe￿ent ith funds 9.263 (1.840) 7,423 113,185 Reconciliation of fund5 Total funds brought forward 118.694 6.716 10,0 135.410 22,225 Total funds carried forn#rd 127.957 4.876 10.0 142133 li5,410 The statement of f￿ancial activhtacs itlcludes ail gaiDS and losses recognised in the y¢ar. All in¢ome and expenditure derive from continuing activities. The notej on pagu 8 to 16 forni partof th¢se fiuAei*l st*t¢mtttts. Pith To Sllctess lthlled by G•irMlee stste*thi •f nJi•¢M Posltlon 31 Defeabv 2•13 cqs C45b￿b￿kmd iti 16 741 14&782 149J J JQN5 Crtdlkn: •Aeyttr 17 675 TotslAsxtsk¥s ¢•M￿￿•b 135410 iJs410 l4W ds •tthtds and s¢rvic¢s or amounts ihe charity has paid in adv&nce for the g(K)ds and setvi¢es it will rtrtive. Debtors also includ¢ amounts receivable on grant funding to which the ch8rit)' in entitl￿. Debtors are measui¢d al their ttcovetable amounts { the atnount the ¢hariN antieipated it will receive from a debt or the aEnount li h&5 paid in advance for goods or services) B*sis of preparation The fsnancial 5tat¢tnents have been p￿pared on th¢ histori¢al cost basi& &s modified by the r¢valuation of certain financial &55ets and liabilities alld investsnerti Ptoperties measured at fair valu¢ through income or expendiDJre. The financial statements are prepared in #erlin& which is the functional o]Trency of the entlty. Cr¢ditors Creditor5 are measuied at their settlement amouTh¢ a liability is recognised for the amouDt that the Charity anticipate5 It will pay io s¢ttle the debt or the amount It has received &s an advance payment for good5 and setwices it must prowdc. Goillg conetrn The financial statemetlts have been prepared on a going wn¢¢m basis which is dependent upon the Trusiees of the Charity beillg successful iu raisillg filllds through Ix)th donatiotts athd fund rnising in order to allow the Charity lo meet its obligations. Ltvel of rounding The financial siaiements are prepared in sterling which 15 the fiEnctional currency of the ¢ompany. Monetary amounts in these financial Si*em¢nts are rounded ro the nearest £. Page 9 Path To Succe55 Company Limited by Guarantee Notes to the Finallcial Statements Year ended 31 December 2023 Judgements and key source5 of estimalion uneertainty Ac¢ouniing estimates and assumptions are made concerning the fvnjre an¢L by their nawre. will rdrely equa] the related actual outcome. There are no assumpiions and other sources of estimation uncertainty that 'ill have a signlflc￿1¥ risk of causing a material adju5thJ¢n¢ to the carrying atnounts of a55ets and liabilities within the next financial year. Fund *c¢ollntittg Unrestricted funds are available for use * the dis¢reiioll of the trnstees to further èny of the ¢harity's purtx)ses. D¢signaied funds are wiresrricted fillMIs Vdnnark¢d by th¢ tnLStees for particular ￿tt￿re project or ¢OtnmiimenL Restricted funds are 5ubje¢t¢d to restrictiotL5 on their expenditure declared by the donor or through the tem)s of an appeal. artd fall into one of two Su1￿1￿55eS'. re5trieted income fi]nds or endowment funds. Incorning re50urce5 All income is included in the 5tatem¢nt of financial activities when entiilement has passed to the charity. it 15 probkble that the ecotjomic benefjts &ssoeiated with the transaction will flow to the tharity and the amount GaTL be reliably measured. The followtsg spe¢ifi¢ p)licies are applied to particular categories tsf income.. income from donatiotls or grants is recognised when the￿ is evidenc¢ of ¢nti¢lemeni to the gift receipt is probable and its a]nount ¢an be measured reliably. income from donated 8￿dS is M￿u[ed ￿ the fair value of the goods unless this is imprdctical to measure relIably. in whi¢h case the value is derived from th¢ ¢os¢ ¢0 the donor or the ¢5timated resal¢ value. Donated farilities artd services ate recognK5ed in the accounts when received if the value can be reliably measured. No afflounts are included for the contribution of g¢n¢rdl volunteers. - ill¢ome fiDm ¢ontracts for the supply of services is Tecognised with the delivery of th¢ ¢ontracted service. Thi5 is classifled as unrestricted funds unless there is a ¢ontrnctua] Tequirement ftsr it to be Spent on a particular purpose and returned ifunspenL in which case it may be regarded a5 restrtcted. Resources expended Expenditure i5 r¢¢ogDi5ed on an accruals basis as a liability is in¢urr¢d. Expendtture includes any VAT which cannot be fully recoveTEd. and is classifi￿ under hewJin8s of the statement of financial attivitics to whi¢h it relates= - expenditurt on raising fitnds inclL]des the ¢osts of a]1 fundrdiSiDg adivitit5. non￿haritable trading activities. and the sale of donated g(M)ds. expettditure on charitable activities includes all costs incllrred by a charity in undertaking activities that further its charitable aims for thr berh¢fit of its b¢ThefJciaries. includin8 those 5UPPOrt costs and costs relatin8 to the governance of the charity apportiontd to charttable activities. - other expenditure itlcludes all expet)ditwe that 1$ neither related to raistllg fjJDds for the charity nor part of its expenditure on charitsble activities. P4g¢ 111 Path To Success Company Limited by Guarnntee Notes to the Financi41 Statements (c•A*HM¢d) Year ended 31 December 2023 Accounting policie5 (C￿•￿¢￿) Resollrtes expended Ail costs are atlocated to eXp￿dIture categories reflecting the use of th¢ resource. Direct Costs attributsble to a single activity are allocated dir¢ctt)' io that aciiviry. Shared costs ar¢ app)rtioned between the a¢iivitie5 they contribute to on a r￿Onable, justifiable and tonsistent basis. Fin*llclal in$trnments A financial asset or a financial liability i4 recogni5¢d ¢)nly the ¢haTity become5 a palty to the contractual provisions of the instrumeni. Basic financial instnirn¢nt5 are initially T￿ognised ai the amount reeeiyable or payable iThcluding any related transaction costs. Current assets and current liabilities are subsequethily measured at the cash or other consideration eXp￿ted to be paid or received and not di$￿￿n￿d. Debt instn]metEts are 5ub5equcnily M￿su[ed at amortised COSL IlThere ittyestsnents ill shares ar¢ publicly traded or their fair value can otherwise b¢ measured reliably. Ihe investment is subsequently ￿taSUred ai fair value with changes in fair value recognis¢d income and expenditure. All oth¢r such 1￿￿'e5￿nents are subsequenilv measL￿ed at tost less impaiTm¢nt. Other fJnancia] insmllnents, including derivatives. are initia]ly recognised at fair value. unless paytnent for an a55et I5 defcrred beyond nortnal bu5ine5S tertn5 or financed at a rdte of interest thai is not a marker rai< in which c&se the ￿et is measured at the preseni value olthe I￿1￿re paym¢nts discount¢d at a market rdte of interest for a similar debt insinlmeni. Other finall¢1￿ instruments ar¢ subsequently measurtd at fair value, with any changes recoguised in the statement of financial activities. with the exception of Wging instrum¢nts a d¢5ignaled hedging r¢lation5hip. Financial assets ihat are Me￿￿red ai Cost or amortise41 c4)st are revtewed for obje¢tive evidence i)f impairment at th¢ end of each reporting date. If thtre 15 obje£(ive evidence of impairm¢ni, an impairment loss is recognised under the appropriate hewjing in the statement of fin￿¢¢al a¢tiVities in which the initial gain was recognised. For all ¢quity illStru]nents regardless of significance. and other financial ￿etS that arc individually 518nificant. these assessed Kndividually for impairnieni. Other f]na]J¢i￿ assets are either asse55ed individually or grouped on the basis of similar credit risk ¢haractrristics. Any reversals of irnpaimiellt are Te¢ognised immcdiatety. io the extent that the reversa] does not result in a carying atnount of the f]nancid asscr th* exceeds what the Carrying amount would have been twl the Imp￿rnient tK)t previously been recogni5ed. Defined contribution plan5 Contriblltions to der￿ed contribution plans are r¢¢ognised as an expe1￿ ID the period in which the relat service i5 provided. Prepaid rontributioll5 are r¢cognLsed as an &sset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. Pigell Path To Success Company Limited by Guarantee Notes ¢0 the Financial Statements (chil￿1￿e¥ Year ended 31 December 2023 AccountjDg poli¢i¢s (¢oHthe• Defined £ontributioD pian5(eMftwued) When contributions are not expe¢t¢d to be settled wljolly Mithin 12 montlLS of the end of the reporting date ID whtch the ¢tnployees render the related s¢rvi¢e, the liability is measured on a discountcd presettt value basis. The ullwillding of the dI￿U￿t is recog￿]5￿ as all expense in the period in which it arises. Limited by guar*Dtte Path To Succe55 is a Company limited by guarantee and accordingly does not have a Share capitsl. Every member of the company undertakes to contribute sucb amount as may be required tLOt exceeding £10 to the ass¢ts of the charitsble company in the eveni of Jts b¢ing V4'tsund up beft>r¢ they ce&se to be a mernber. Donations and legacie5 U[￿es￿l¢*d Restricted Total Funds Funds Funds 2023 Donations Voluniary donations 18,870 2,1)00 20,870 UDtestricted Funds Restricted Tothl Funds Funds 2022 Donation5 Voluntary donations 27.547 200 27.747 Other trnding 4¢tivities Unrestricted Funds Restricted Totil Funds Funds 2023 Fundrdi5ing cvents 1?4.924 7,686 132.610 Unrestricted Funds Restricted Totsl Funds Funds 2022 Fundrdising events 151,605 10,219 161.824 Pgge 12 Path To Success Company Limited by Guarantee Notes to the Financial Statements (coAanwedJ Year ended 31 December 2023 Investment income UNr¢stri¢¢ed Total Funds Unrestricted Total Fund5 Fund5 2023 Funds 2022 Bank int¢Test re¢¢ivable 714 714 65 65 Costs ofother ir4dillg ¥divities UTLre5tricted Funds Restricted Total Funds Funds 21123 Furtdrai5ing trading- Events 51,385 4.460 55,845 Ullrestrieted Funds RestTic*d Totsi Funds Funds 2022 Fundraising trading- Events 34.037 1,463 35.500 Expenditmre on chAritsble sdivities by fund type Unrestricted Funds Kestricted Total Funds Funds 2023 Donations to oth¢r charities Support costs 33,144 50.716 6.716 350 39,860 51.066 8).860 7.066 90,926 Unrestricted Funds Restricted Totsl Funds Funds 2022 Ih)natioJJs to other Chariii¢s Support Costs 5,350 134 5,350 35.601 35.467 35.467 5,484 40.951 10. Expenditiire OD charitxble 4ctiviti&s by icttvtty type Granl funding of a¢tivitlC5 Support C05ts Total fund5 2023 Total fund 2022 Donaiions to other clwities Governance ¢osts 39.860 39160 51.066 5,350 35,601 51.066 39.860 51,066 90,926 40,951 Page 13 Path To Success Company Limited by Guarantee Notes to the Financial Statements (t•Arf#&t4 Year ended 31 December 2023 11. An#lysis of support costs AnaiysÈs of supp)rt costs a¢iivity Total 2023 Totsl 2022 Governan¢¢ ¢tssts 50,072 SO,072 35.601 12. Anaty$is of grants 2023 2022 Gr&nts to institution5 Grants to institutions 39,860 5,3iO Total grants 39.860 13. Indepettdent ex*minatlOD fees 2(123 2022 Fees payable to the independettt examiner for. Independent examinO1ion of the financia] s￿ements 1.81)0 1.800 Independent exatlliner ftt of £1.800 (2022.. £1.8(Kl) has been donated back to the charity by the way of a general donations. 14. Stsff tost5 The iothl stsff costs and employee benefits for the reporting penod are ana]ysed as folloMS'. 2023 2022 Wages and salaries Employer contrkbutions to pension plaDS 43,837 1.080 28.589 670 44,917 29.259 The av¢rdge head count of employees during th¢ year was l (2022: I). The &vernge number of fvll-tirne equivalen¢ employe¢s dwtog the year is analysed as follows: 21123 2022 Number ofadmin sthff No employee rtctived e￿ployee benefits of more than £60.(100 during the year (2022.. Nill. 15. Trustee remuMer4tion •nd expenses No remuneTaiion or other benefits from employmeni with the charity or a rel￿ed entity wer¢ received by the trustees. P#ge 14 Path To Success Company Limited by Guarantee Notes to the Financial Ststemellts (Co￿1*￿¢44 Year ended 31 December 2023 16. Debtors 2023 2022 Trnde debtors Prepayments and a¢cTu¢d income Other debtors 8,500 226 36,372 292 1.452 6.744 4S,098 17. Creditors: falling due within ye*r 2023 2022 Trade creditors Accruals and d¢f¢rred in¢oTne Social security and other t&xe5 Other creditors 146 27 1,520 5,DOO 603 6.693 675 18. Pension$ •nd othtr post retirement l)eDefits Defined Contributio￿ plaus Th¢ amount recognised in income or expenditure as an expense in relation to defined contribution plans was £1,080 {2022.. £6701. 19. AN#lysl$ of eharitable funds Unrestricted fuDd5 At l January 2023 At Expenditure 51 Detembrr 2023 Income General fuDds 118.694 144.508 (1352451 127.957 At l January 2022 At ExpeThdibJre 31 De¢ember 2022 Income General futMIs 8.981 179,217 (69,5041 118,694 PAge 15 Path To Success Compally Limited bv Guarantee Notes to the Financial Sts¢ementS {cMwe41 Year ended 31 December 2023 19. Analysis ofcharitable funds Reslricted funds At l January 2023 At Income Expenditure 31 December 2023 Restricted FuThd- London Titans 6,716 9,686 111.526) 4,876 At l JaDUZry 2022 At Expenditure 31 December 2022 LThcome Restricted Fund- tA)ndon Titsns 3244 10.419 (6.9471 6,716 This amount related to futlds ral￿d during the year for London Titans Il'heelchair Basketba]I Club. Endowment funds At l January 2023 At Expenditure 31 Detejllber 2023 Income Perniancnt Endowment Fund 10,¢)I 10,000 At l January 20L? At Expenditwy 31 Decemb¢r 2022 Income PErman¢Dt EndoMTh¢nt Fund 10.000 10.000 20. Analysis of net a￿t5 between Unrestricted Funds Restricted Endowment Total Funds Funds Funds 2023 Current &8sets 127,957 4.876 10.000 142J33 Unre5tricied Funds iiestrict¢d Endown¢nt Funds Furtds Totsl Funds 2022 Current assets 118.694 6.716 iO,O( 135,410 Page 16 Path To Success Compally Limited by Guarantee Notes ¢0 the Finallcial Statements (tthH Year ended 31 December 2023 21. FinADcial instrnments The Carrying a]nount for cadl category of financial iThstrumeTht is Is follows.. 2023 2022 Financial assets thAt Are debt iD51rnments me*sured At *mortis¢d eost Fit￿l¢la[ &ssets that are debt iThstrllments measuftd at amortised Cost 149,526 lJ6.085 Financial liabilitie5 measured at amortised cost Finallcial liabilitie5 measured at amorti5ed cosl 6.693 675 22. Re￿ted p#rti¢s During the year the Charity received total donations of £5.01)0 (2022.. £8.8001 from Shanti Hospitality Group Limited. S Choudhrie is A Choudbrie's S￿llse. durÈng the year the Charity re¢eived donations of £8.450 {2022: £4,700) from him. Also during the yedr under review the Charity ieceÉved donations of £60 {2022.. £Nil) from A Choudhrie. During the ytrdr llnder revie*. the Charity rweived donations of£5.OQO {2022.. £4,000) from B Choudhrie, £7,890 12022.. £NEI} from Dhairva Choudhrie and £2200 (2022.. £Nill from Karina Choudhrie. who are Close fanjily ￿￿￿be[s. During the year under review, the Director of Planning & Operations receiv￿ a salary of £43,837 {2022.. £28,589), ¢mplo)'¢ls wntribution to PeTLsion plan5 was £1.08012022.. £670). The Charity been 5UPPOrted by C&C Alpha Group Limtted of which B Choudhrie is f4 director, ￿1th has provided the Charitj. with back otrice support_ It is not POS5ible to accurdtely &ssess the ￿alue of this supp)¢ for whi¢h the Chariry has not bttn charged. Controlling party Mr5 A ChoudhTie exer¢i5cs a 51gnLficant influence overthe Cbartty.