Charity r$gi$tralion number.. 1169764 Back On Track Annual R8port and Financial Statements forthe Year Ended 5 April 2025
Back On Track Contents (continued) R8forenc8 and Administrativè Dètail$ Vice Chair6 Statement Twsteos, RepoTI 3to6 Stat8ment of Finanaal Activities Balancg Shaèt Notes to the Financial Statements 9t014 Independent Examlnerfs Report 17
Back On Track Reference and Administrative Detsils Patrons Dr Aamgr Khan Mark Allèn Ambossador Salvio Ca¢hia Truste&s Lesley Reynolds Dee Carpenter Michael Rust Paul8 H811 Charlty RegiStratn Number 1169764 Principal Offica 14 Devonshire Place London WIG6HX Independent Examlner MJ Wright FCA Just Audit & Assurance Ltd 37 Market Square WitnÈy OX28 6RE Bankers Lloyds Bank PLC 113- 117 Oxford Straat London W1D2HW Page 1
Back On Track Vicg Chails Statement As M ol our Board m8mbors rètirod last y&ar l am writing my lirst Statèment as the Vice Chair. Thg first Ihlng I would like to do is to thank the other Board rn9mbèrs for all their hard wo¥k. I really apprèciata how much extra Wofk th8r8 now is lor them and. as usual, they have been incredible in their dèdieation to Back on Track. As, I think, most other small Charle$ would agree Covid quickly followed by a severe downtum in ihe economy has made it Incroasingly difficult to find funds and even morè drfficult to hold large scale events to increase the monies in the Charity's coffers. As a Board we have decided that this year we will take stock gf whèré w& are and will not hold any events that will involve huge commitments on the part of the Board members or take any chances with the monies we have by investing them in 18rgo events which may not bring in the lunding that we would lik&, so wo have decided that we will look towards holding much smaller and intimate events in the coming year and ensure that we have a good foundation of money before we aim to move things forward. The purpose of our Charity is kn look after the mentsl and physlcal health of our beneficiaries and we are blessed to have Dr Aamér Khan and his wondèrful medical team who are always wlling and able to look after the veterans we currenuy carè for and io assess and advise any new benefi¢iarie$ that may come to U5 for a55istsnce. Thgii expertisa and prol8ssionalism are invaluablé to us. We musl also rnake special mentlon of Mary Griffkhs, whose dedication to the mental h8alth tsf our beneficiaries is remarkÈblÈ. Tha vètèrans who have benefitted from hèr help are unanlmous in tt)eir prai58 and gratitude for hgr work. Hayley Roberts, as Compliance Officer, continues to take control of all our mattgrs that arè Charity Cornmission ba$ed and we are vary grateful for ev8rything she doe5. However, my gré8t8St thanks must go to tho other memb8rs of the Board. wSlhoul whosè hard work and constsnt hélp this Charity would not be able to function. Lèsley Rèynolds Khan continues to help us with the use of hgr beautiful clinic and medical staff and with her PR and c8labrity eliant61è who help and support our charity. Paula Hall is the go-to for every one of our banèficiarias both those that we havé lotskad aftèr for years and any new applicants. She knows each of the beneficiaries personally and alsts thgir familigs and thèy can apply to her for help at any limg and il will b8 thei8 lor them. Mick Rust is the steady hand on thè financial tillar and also always wlling to g¢ thè extr• mile to 8nsuTe that any event we put on is professional and well attended. I realise how mu¢h axtra work aach ol thes8 Tiust66s hès put into th& Charity over U)e last year and l am vèry grataful to &ach ol tham. While this yèar has bèen quiet with regards to the events we have been unablè to hold, I have no doubt Ihat n&xt year we will com& back strong&r and with a clear di18Ction 50 that wè can continuè to look after our veterans in the way that they deserve. Deg Carp8nt8r VI Chalr of Back on Track Page 2
Back On Track Trustees. Report The trustees present the annual report together with the finanaal stat8mgnts of the charity lor the year ended 5 April 2025. Objectives and activities Oweds 8nd8lms The preservation of health, rehabilitation and resettlernent into so¢igty ol former members of th8 armed forces who have been wounded, physically or psyehtslogically, in particular but not exclusively by providing oi assisting in the provision of rnedical treatment lin¢luding reconstructive surgery) emot¢onal and psychological sijpport and facilitses or other support at thè discration of tha Trust&es. We have worked in partnership with a number of charities, organisatiens and compani&s'. O SSAFA The Not Forgottén Assoeiation O The Irish Guards ll The Johnson Beharry Foundation Soldiering on awards l The H8rJey Street Skin Clini¢ l Defence rnedical Rèhabilitation CÈntrè IDMRCI Lee Rigby Foundation ObJ8ctlves, sif8t8gies 8nd8Cliviti8S Throughout the year, the charity has continuÈd to support and advise all those who have approached us for assistsnce. Although financiol pr8ssurès and tha wider economic climate have limited our ability to deliver larg¢ale fundraising events, thè trusteès hava onsured that our core purposwupporting thè m&ntsi and physical wellbaing of our beneflclarfes4)as remained central lo our work. With the invaluable support of OUT medical partnèrs and wellbeing professionals, we have continued to provide 8s5essments, trgatment. and tsutrtrach sgrvl¢ès offsrlng comfort. guidance, and reassurance to veterans in need. These donated services in kind hava bè&n essential in enabling Ihe charity to operate effect¢vely d08Plttt redu¢ad financi81 resources. R8cognising the increased strain on reserves and the need for a cautious approach, the trustees have taken the decision to pause major events and instead focus on smaller, more manageable fundraising activities in the coming year. This strategy will allow the charity to rebuild a stable financial foundation while continuing to deliver meaningful support to our benefiiiaries. Fundr8lslng dlsGlosur88 Back On Track is committed to high standards with regard tts fundraising activity and has complied wth all laws relating to ch8rtties and fundraising. We are clear, honest and open about our activities and fund raising requirements and received no complaints aboul our fundraising activities during tho year Back On Track does not employ arsy profession81 lundraisars or use commercial participators nof do we cold-call members of the public. Other than sponsored evènts no fundraising activities are carried out on the charily's behalf by external parties. Back On Track has not signed up to any voluntary fundraising scheme or standards., however. as noted above all. of our fundralsing act[ves are carried out to the highest POS5ible standards. Page 3
Bad( On Track Trustees, Report (continued) Going concern The trusteès havg consldered the charity5 financkal position, induding thè resèrve5 defi'cit £18,872. During the year, the charity facad ongoing challengès in generating incomè, rèflèctyng wder èeonomic prassur&s and the continued drficulty in delivering large-sca5e fundraising events. In response. the tnjstèès have adopted a ¢aubous approach to financial commitments in the future and have agreed to focus on smallèr, lowar-risk fundraising activities while taking stock of the ¢h•rity's overall financial position. Despite the current deficit, th8 trust6as have r&vi&d proj8ci8d incoma, exp8nditur8, and cash flow for the forthcoming 12 months and arè satisfièd that tha charity has suffici•nt r•sourc6s lo continue its operations. The charity continues to benefit from strong volunteer support. donated servlces In klnd. and the commitment of ils medical and wellbeing partners, all ol whSch significantly reduce operational costs. The trustees have implemented measures to strength•n financial sustainability, including 18vièwng expenditure, exploring new income opportunlties. and plannlng a programme of smaller fundraising events designed lo rebuild reserves over tlme. Based on these plans and the charity's ability to adjust its activities in line with available resources. the trustees consider that the charity remains a going concem. Strucbjre. governan and managem8nt N8ture ofgoveming docunKIl Th8 charity 15 constituted as a Charitable Incorporated Organi5ation ICIOI and 15 controlled by Its govarning documènt. datèd 1 April 2016. If the CIO Wond up, the members of the CIO have no liabilty to contribute to its assots and no personal r8sponsibilitylor settling its debts and liabilities. R8cnJl)7wII 8nd8PpftnenI oltrustees Thè appointmènt and induetion of new Trustees is regularly reviewed and requires Trustees to demonstrate the way In which thèir 8xpertise adiss value to thg woik of the chariiy- Apart from the first charity Trustèes. eV8ry Trustee musl be appointgd for a lèm) of two years by rosolution passed at a proparly conv&nod moeung tsf tho ¢harity Trustges. Thorè is no m8ximum number of Trustees but there must ba at lèast four,. if thè nUMr ol Trust6as fall below this Minimum th& remaining trustee or trustees may act only to call a meating of tha charty to appoint I18w Trustees. Inductlon andtr8lnlng oltrustees The charity Trustees make available to each new Trusta8. on or balore his or har first appointment, a copy ol the current constitution and a copy of tha lotèst linaneial ststèmènts, together with Trustees. Report. Thereafter, the training requirements of the Trustees are reviewed règularly at Trust8& meetings. Page 5
Back On Track Trust88s' Report {¢ontinued) ststement of Trustsg8' Responsibilities Tha trustees are responsible for pr6paring the trustees, report and the financial statements in accordancg With the United Kingdom Accountlng Stsndards (United Kingdom Generalty Accepted Accounting Practicel and applicable law and regulations. The law appli¢able to charities requires tho trustèas to Pl&P8re financial statements for each f5nancial yèar which give 8 true and fair view of the stat& of affairs of thg charity and of ihe incoming resources and application of resources of the tharty for that pèriod. In preparing th?$0 financial statements, the trustaa5 ale required to.. selèct sukablè a¢¢ounting policies and then apply them consist&nlly', obsarva tha mèihods an¢J prinaples in the Charities SORP. make judgements and estlmates that are reasonable and prudent.. stste whether applicabla 8eeounting standards have been followed, subjoct to any material departures disclosèd and èxplained in the financial statements,. and prepare the financlal statements on the going concern basis unless it is inappropriètè tts presume that the charity will continue in bu$ingss. The trustees are responsible for keèping propar accounting records that disdose with reasonable aecuraey at any time the financial position of tha charity and enable them tg ensure that the financial ststgments comply with the Charities Act 2011, the Charities IAc¢ounts and Reports) Regulations 2008, and the provisions ol the constitution. The truste85 are also responsible lor safeguarding tho assets of the charity and hence for taking reasonablè stéps lor the prevÈntion and detection of fraud 8nd other irregulariiies. The twstees are responsible for Ihe m8intanance and integrity of the corporate and linaneial infomiabon included on the charitable companys website. Legislation goveming the praparaoon and dissemination of finanoal statemants may drfferfrom legislation in other jurisdictions. The annual report wa$ appro ed by the trustees of the charity on . by.. £.4nd signed on its behalf Michael Rust Trust69 Page 6
Back On Track Statement of Financial Aclivities for the Year Ended 5 April 2025 Unr8$trlcted funds Total 2025 Total 2024 Incom8 and Endowmonts from: Donations and legacles Total incorne 32,496 32,496 85,719 32,496 32,496 Expenditure on: RaÉsing funds Charftable activities Othar expgndilure Total gxpendituré Net expenditure 116.5581 124,7031 4.419 116,5581 124,7031 4.419 113,0631 190,5821 9,594 45,680 45,680 113,239 13,184 27,520 Net movament in funds Reeoncillation of fvnds Total funds brought fo8[d Total funds carriod foMard 113.1841 113.1841 127.5201 5,688 5.688 21.832 12 18,872 18,872 5,688 AJI ol the charty's activities dèrive from ¢ontinuing operations during the above two p8ri¢)ds. Tha funds brèakdown for 2024 is shown in note 12. Tha notes on pages 9 to 14 form an integral part of thesg finandal statemènts. Pagg 7
Back On Track (Registration number: 1169764) Balance Sh8et as at 5 April 2025 2025 2024 Nots Curront assets Cash al bank and in hand 10 1.992 Cr8dilors= Amounts falllng dug withln one year Net Ilablllties 20,864 6.348 18,872 5,688 Funds of the charlty: Unrestricted incom& funds unrestriod lunds 18,872 5,688 Totsl funds 12 18,872 5.688 The finanaal $tatements on pages 7 to 14 warè approvad by the trL¢Stèos. and authorised for issue on and signed on their behalf by.. Michaèl Rust Trust8a The notes on pagas 9 to 14 form an intègr81 part ol these financial statgmgnts. Page 8
Back On Track Notes to the Financial Statements for the Year Ended S April 2025 1 Accountlng pollaes Statement of compliancg The financial statements have been PTeparèd in accordance with the se¢ond èdition of the Charities ststement of Recommended Practice issued in October 2019, Ihe Financial R&ptsn9 Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021 and the Chaiitias Aci 2011. Basis of preparatlon Back On Track rneets th8 dafinition of a public benefit entity under FRS 102. The accounts lfinancial ststements) have been prepad under the historical cost convention with items recognised at cost or trans8¢ti0n valuo unlèss otherwise staled in the relevant notelsl to thes8 accounts. Going concem Th& trustees consider that there Ère ne mat8rial uneertainties about tho charftys abillty to continue as a going concern. Income and endowments Voluntary income including donations, gwts, legaci8s and grants that provid• core funding or are of a general nature is Teeognis8d whan the charity has entitlement to the Income, it IS Probable that the income wll be T8[V&d and tha amount can be measured with sufficiènt reliability. Donations and lègaciés are recognised on a receiv8blo basls when receipt is probable and th amoLsnt can b8 rtsliably mgasurad. Don8t8ds8Trlces andfadlitles Where sérvteès or faellities are provided to the charity as a donation that would normally be purchased from our $uppliars, thls benefit is included in thg financial statoments at fair value unless it's fair value cannot réaliably measured, then at 1he eost to the donor or the resal8 V8lu& of goods that ar& to be sold. Git8ld Incomin9 resources Irom tax reclaims aTe indudgd In the Statement of Financial ACtivI&S at tho same tsmè as the gift io which they relate. Expenditure All oxpenditure is recognised once th8r8 is a 18gal or construclÈv8 obligation to that expenditure. it is probable settlement 1$ reoulred and the amount can bg measured reliably. All costs are allocated to th8 applicabl& expondilur6 heading that aggregate Similar ¢osts to that category. Where costs ¢annot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with ¢entr81 stsff costs allocated on the basis of timè spent, and depreciation charg&s allocated on the portion of thè assèt's use. Other support costs are allocated based on the spread of staff costs. R8ising fijnds These are costs inojrred in attracting voluntary income, the management of inv9Stments and those in¢urred In trading activities thal rai$0 funds. Page 9
Back On Track Notes to the Financial Statements for the Year Ended 5 April 2025 (continued> Ch8rlt8ble actlvltles Charitable expendiiure comprises those costs incurred by the charity in tha dalivary of its activities and $¢tceS for Its beneficlaries. It includos both costs that can be allocated directly to such 8ctiV4ties and those costs of an Indir&ct nature necassary to support thgm. Granlprovlslons Provlsions for grants are made wh9n the Intentlon to make a grant has been communicated to th6 rg¢lpl&nt but thèrè Is uncartainty about aithar tha b"mSng of the grant or the amount of grant payable. Govemanc8 costs Thes& includÈ thè eosts attributable to tha chaty,$ compliance with constitutional and statirtory requirements. including audit, stratagic managèmènt and trustees meetings and rgimbursed éxpènsès. Taxation The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of thè Finance Act 2010 and tharaforo it meets the definition ol a charitable company for UK Corporation tax purposes. Accordingly. the charity is potentially exempt from tsxation in rèspèct of incomè or capital gains received wthin categories covered by Chapter 3 Part 11 of tha Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the exient that sueh incomo or gains arè appliad exdusively to charitable purpos8$. Cash and cash equivalents Cash and cash equivalents comprise cash on hand and c811 dep¢)sits, and other short-tetm highly liquid investments that are readily convertible to a known amount of ¢ash and are subjed to an insignfficant risk of change in value. Tfatlo ¢re(litors arp obligations to pay for goods or services that have tyegn acquirod in the ordinary course of busingss from suppliers. Ac¢ounts payèb19 are classified as current liabilities if the does not have an uncondibonal right, at the and ot the reporting poriod, to dèlar settlement of the creditor for at least twelve month5 after thé reptsrting date. If thèrè is an unconditional right to defer settlement for at least twelve Months aftèr rèporting date. thèy are presanted as nonvcurrent liabililies. ar& rècognisèd inltially at the transacilon price and subsequently meaSUTed at aMorsed ¢ost using tho eflective Interest method. Fund structure Unrestricted income funds are general funds that are tvailablè for us& at the trustees discretion in furtheTance of the oblectfves of the chaTIty. Page 10
Back On Track Notes to the Financial Statements for the Year Ended 5 April 2025 (continued) 2 Income from donatlons and legacies Unrestricted funds General Totsl funds Donations and legacies.. Donations from companigs, Irusts and similar proceeds Donations from individuals Donat&d services and lacilities Oth8r incomè from donations and legacies 9,283 4,064 14,410 4,739 9,283 4,064 14,410 4.739 Total for 2025 32,496 32.496 Totsl for 2024 85,719 85,719 3 EXnlrfi on ralslng fvnds Costs of generabng donatlons and 18gacles Unlon¢tOd Total 2025 Total 2024 General Donations 16.558 16,558 13,063 4 Exp8ndlture on charitsble activities Unrestricted Total 2025 Total 2024 Ggnoral Event5 and 8wdrds Donated services Grant lunding of activitios Governance costs 6,Sl0 16.267 6,510 16,267 71.882 7,615 8.657 2,448 1,926 Page11
Back On Track Notes to th8 Financial Statements for the Year Ended 5 Aprtl 2025 (continued) 5 Other oxpendlture Unrestric*d Total 2025 Totsl 2024 General Lagal fe&$ Printing, postage and stationèry Sundry expènsgs W$b maintenance Bank chargès 3,600 222 80 338 181 3,600 222 80 336 181 5,740 1.320 52 2.236 246 4.419 4,419 9,594 6 AnalysSs of governance and support costs Govemance $1$ Unrestrfcted fvnds General Total 2025 Total 2024 Independent examlner feès Examinatitsn oftha financial statements 1.926 2,448 1,926 1,926 2,448 Pagè 12
Back On Track Notes to the Financial Statements for the Year Ended 5 April 2025 {continued) 7 Gr8nt-making Anatysls of gronts Grants to Indlvlduals 2024 Analysls Individual awards 8,657 Th8 $UPPOrt costs 8SSO¢l•ted with grant-maksng are £Nil15 April 2024- £NIII. 8 Trustees remuneratlon and expenses No trustoes, nor any parsons connoct&d wth thgm, havo roc•ived any remuneration from the charity during the year. No trustees have received any other benefits from the charty during thg year. Donations made by the trustees without any conditions attachéd totall8d £740 for thè yÈÈr12024 £3,5001. 9 T8x8ilon The charity 1$ 8 règistèred eh8rity and is therefo exempt from taxation. 10 Cash and cash equfvalents 2025 2024 Cash on hand Cash al bank 48 48 612 1,992 660 11 Creditot¥: amounts falling due within ¢)ne year 2025 2024 Trade credf£ors Accwals 15,391 5.473 1,800 4.548 20,864 Includèd within trada eraditors is an amount of £12,000 12024.- £niS1 owèd to two trustaès in rèspeet of expenditure they incurred personally to support fundraising èvgnts during the year. Thase balancos are unsecured, interest-free and wero r8payabl• on damand at the year end. Page 13
Back On Track Notes to the Financial Ststements for the Year Ended 5 April 2025 (continued) 12 Fund$ Balanr* at 6 April 2024 Incoming resourcès Rg8ources expended B81ance at 5 Aprll 2025 Unr88tricknJ General 5,688 45,680 18.872 Batance 8t 6 April 2023 Incoming resource5 Resources expended Balancg at 5 April 2024 Unrestrlctgd General 21.832 113,239 5,688 13 Analysis of nel 8888ts belwaen funds Unrestrlctgd General Total funds S April 2025 Current assots Curr8 li8bilities 1,992 20,864 1,992 20,864 Totsl net assets 18,872 18,872 Unrestricted Gènaral Totsl funds 5 Aprll 2024 Current as59ts Current liabilitias 66Q 6.348 660 6,348 Total net assets 5.688 14 Related party transactlons During the year, two trustees incurred expènditure peisonally to SUPPOrt fundraising events hald by tha charity. The amounts incurred and relmbursed wero as follow$'. Paul Hall incurr8d £5,000 12024 £Nill of eveM-rol8ted cost5. of which £1,000 was reimbursed. The remaining £4.000 was outstanding at the year end and is includ8d wthin croditors. D•è Carp8nter incurred £10,000 of ovt-re1aled costs, of which £2,000 was r8imbursed. Tho remaining £8,000 was outstsnding at the year end and Is Included thIn crgditors. At the year end, the charty owed £12,000 lo trustees12024'. £Nill. Page 14
Back On Track Detsiled Statement of Financial Activities for the Year Ended 5 April 2025 Totsl 2025 Total 2024 Income and EndowmeMS from.. Donations and legacies lanalysed below) 32,496 85,719 Total income 32,496 Exwnditurg on: Raising funds lanalysed below) Charitable activities (analys below) Othar expenditure lanalysed below) 116,5581 122,7771 6,345 113.0631 188,1341 12,042 Total expenditure 113,239 Net expenditure 13.184 27,520 Net movern8nt in funds 113,1841 127,5201 Reconciliation of funds Total funds brought forward 21.832 Total funds carried forward 18,872 5,688 This page does not form part ol the statutory financial statements. Page 15
Back On Track Detsiled Statement of Finencial Activities for the Year Ended 5 April 2025 (continued) Total 2025 Total 2024 Donai?ons andlegacles App88ls and donations- eorporat• Appeals and donations- individual Appeals and donations- Ènonyrnous Donated servicgs 9,283 4,064 4,739 14,410 54,658 12,349 12,022 6,69Ct 32,496 Ran9 fvnds Fundraising costs 16,558 13,063 16,558 13,063 Ch8ritsbl8 8ctivltl8S Diract costs Gr8nts p8yable- indfviduals Consultancy lees 6,510 71,862 8,657 7,615 16,267 OtheTexpendilure Printing. postage and stationery Sundry expens95 Wèb maintenance Legal and prolessional faas Bank charges Independent Examiner's rèmuneration 222 80 336 3.600 181 1,320 52 2,236 5.740 246 2,448 6.345 12,042 This paga does not form part ol the statutory fin8n¢ial statements. Page 16
Back On Track Independent Examlnerfs Report to the trustees of Back On Track I report to the trustaos on my examination of the accounts of Back On Track for th8 year ended 5 April 2025. Responsibilities and basis of report As Ihe charity trustees of Back On Track you arè rèsponsible for the pr¢parafjon of the accounts in accordan with the requirements of tho Charitiès Act 2011 Ilhe Act'l. I rèport in respect of my examination of the Back On Traek's accounts carried out under section 145 of th6 2011 Act and in carrying out my examination I have folltswod all the applicable Directions given by th8 Charity Commission under section 14515llbl ol thè Ad. Independent examinerfs StateThnt I have completed my examinatlon. I confirm that no material matters havo ¢om8 to my attenon In connection with th8 exarDination giving mo ¢ause to believe that in 8ny material rgspect.. 1. accounting records woro not kept in respact o18ack On Track as requiréd by saction 130 of th• Act.. or 2. the acwunts rlo not accord th thos8 records., or 3. the 8ccounts do not comply with the accounting requirernents concarning the fom) and content of accounts sèt out in thè Charitses (Accounts and Reports) Regulations 2008 0tt)er than any requirement that the accounts givo a Mru• and fair view. which is not a mattor consid&rod as part of an independent 8xamination. I have no concerns and have come aeross no other matters in connèction with thè examination to whlch attention should be drawn in this roport In order to 8nable 8 propor understanding of the accounts to be reached. MJ Wright FCA Just Audit & Assurance Ltd 37 Market Square Witney OX28 6FIE Date......1.2 M.gy..2Qlfj... Page 17