THE SPINAL TRACK ANNUAL REPORT FOR 1/1/22 – 31/12/22 REG CHARITY NUMBER: 1173285 Summary of the purposes of the charity: The charity was set up to provide incredible driving experiences simply not available to disabled drivers. It was noted that there were no available cars on hand controls (or other adaptions) for disabled drivers in the UK to take part in track driving. We then added a disabled rally school to our experiences, to become the World leading supplier of disabled driving experiences. 2022 Charity achievements: We had 98 drivers through our programmes this year. We aim for 100, but due to last minute cancellations etc, we just missed our high target. It was brilliant being back to running at full capacity after the past years of C-19 affected running. We had 66 people on our rally experiences and 32 through the track experience. Fundraising: Our sponsors stayed with us and we built some new relationships with other businesses to help us through this year and future years. We need to be better at lower level fundraising, but due to our set up – everyone is a volunteer – it’s difficult to find the time to spend on this. Trustees: Simon Evans Mike Simpson David Pond (Resigned in September. David was spending his time in Ukraine helping with efforts out there and couldn’t give Spinal Track the time it required. We wish David all the best) Signed on behalf of the Trustees: Andrew Bayliss Co-founder 30/10/2023 IM irwinmitchell IR•l: W1MJOI RE TER CHARITY N .117 na #l Stst•m#n rth• tai ènd8d 31 D•e•mbar 2022 14. Amnual Report ofthoTru8teg9 Indo￿ndent Examlnarfs R•port ealanrjg Shget statèment of FlnandelAcUvJUe 11 Not81 to Flft*ntrJal Sl•temonts P*4• 1 GISTEREO C NY NO. 106 REPORT OF THE TRU8TEE8 (INCLUDING DIRECTOR8. REPORT) FOR TH6 YEAR ENDED 31 DECEMBER 2022 ThB tsustees aro 8180 dir¢¢tor8 oftha tharfty forth8 PU￿05e8 ofthe Comp8ni68A¢i 20C6, prwntth•lr r•port with tha financlal statèmants ofth charity forthe ye8r ended 31 December2022. The awJunts have been prapAred in 8co)rdBnce th th0 8¢o)ufibng poliri•$ sol oui In note 1 to the arxounts and 0￿pIyW7lh th? chun￿? gDvtrmln9 dwumtrnl, the Ccffipanio8 A¢t20C6 4nd"Aeeountlng and Reporting by Charities.. Slaternent ol Rtcamm•nd8d Pracbc£ applicoble to chadtias prapartng th•lr le￿Unts in accordance y￿th the FSnanrJ81 Reportlng Stsndgrrl appllcablg In Ihe UK and Republlc of Ireland IFRS1021. REFERENCE ANDADMINISTRATION DETAILS RagL4tèréd COm￿nY numb•r 10514904 {Engl8nd ond Wale81 Reqhtsrttd Chllrfty numbor 1173285 Rog￿tsr0d offl Th¢m88 Eggar Hou80, Frf8ry Lano Chlche3ter, W•st su8￿X P019 1UF Tru•ts•• SJWEvan¥ M 81mp8cn R Sol¢mon$ lappolnted 14Aprll 2C231 D Pond lappulnted 11.e.2021 and rotlred 28.9.20¥ Ind•p•ndent •x•rnln•r Clalm Nowjod BBC FCAATII Jones Av•n8 Limited Plper House, 4 Duke• Court Bognor Road, Chlchutor We81 Su88•X P019 8FX 8ollcltor• Irwln Mltch•ll LLP Thomas Eggar hous• Frfary Lane, Chlchpltar W•st Suimx P019 1UF BAnk•r• HSBC UK 8YRUCTURE. GOVERNANCE AND MANAGEMENT Gov•rnlng documont Spinal Trnd( 18 Controlled by118 gov8mlng document, a d•ed of tru•l, and e4n•lituto9 • Ilmlted ¢ompgny. Ilmlt•d bygu4r4nle•. as defined by the Corn￿￿18￿ ACL 21)Je Paq• 2 ISTERED CHARITY N STE EDCO EG REPORTOF THE TRUSTEES (INCLUDING DIREGTQRW REPIXT) FOR THE YEAR ENDED 31 DECEMBER 2022 08JECT8 AND ACTMTIES Oble¢tlves and alm• The chqnty• oblects aj 881 out In the Mgmorandum and Artld# olAgso¢lallon gre: To promote ph￿1￿1 and m*ntsl hearth of pe¢?1&￿th dl8abllkle8 vthelharacquired atblrth, In ¢hlldhooJ ¢rin aduR Ilfè, whowould Oth8N1￿ bo •xduded by enabllng Ihwn to ¢nloy the ple&BUm 8NJ bgn•fit8 of lthng part Sn motor 8POrt8 trarJ( •vènt8. by th8 pr￿S1On of adapted and fflc*lified ¥ehlcle8, along¥ldtr other peopl8 ￿th dlioblllUo8 and tholr fr*nd8 and fomily mwnb•r& Puljllc benofit The trustsos confflrni tho1 Ih•y retsrred to the guId￿ct C4r>taIn￿ in the Charity Commlulon•rf• g•neral giMdan¢¢ on public hn•fftwhen ￿¢¥Ing th• th•rlty'8 olm$ •nd obJerttvaB *nd In ptanning lulur• gthtl88. Th• tru8t•e$ aro ••tt8ff•d thJtth• c4nlknue• to me•ttho publk bènèfft t88t throuyh Yo obl•dlvg8 4nd aotivlues. ACHIÉVÉMENT AND PERFQK4WICE ¢harftsblo •¢tlvltl Tho ftnan¢l81 r08uIts for tho portad aro d•tAll•d In tho Statwnenl of Flnindal Artlvltl••. Durfng Ihg yoarthg ¢hOfSty h8• fvlfilled h obl9dv￿ by day •xperforK* ba•ad ot Sllv8r8ton8 and are run on the fvll Grand prixcuruJlL FINANCIAL REVIEW Wlth th8 addltlonal •xporfence now up Ind nbnnlng, our co•ts havo In¢r•a••d. W• hAv8 been Inor•dlbly dlllgentto ènaum nr) mon•y18 WAatad. bu11hAtthe eXperten￿8 and •afaty &r• at IhB hlgho¥t kv818. Continutsd •upport by our tr)mm•rdAI 8poft•orn m8ke Ihl8 •x1ra fally •xporfonca PD881ble. We hav• rerAlv•d a d8eant amount ofdoanllono trom Ihe publlc And corfThJ• to on th1• lo ¢ov8rany IOB from ¢omm•rdo1 partnernhlp8, Re••rM• polley Th? trustee8 rtgularfy ￿￿•Wth& IMI of re￿￿•$ to •n•urn thatth•y ar• gdaqu•tr* forthe propomd loveli of ch&rftsbl• 4(JWty. Th• totAI 8ttho yoar arè £726,83712021- WJB,4181 TRU8TEE8 RE8PON8IBILmE8 Legl¥lAtlon requlra8 tho Trust￿8 to pnpare flAaneTal 8tatsmènt8 foreach flnand&l wrwhl¢h lhow g true arKI falr vlw of th* 8t8ts of•fflr• ofth• Chartty and ofth• In(>)m• ond èXF•ndloture ofthe Chgrfty foT IhBt porfod. In proparfn9 th0￿ finonoal 814tementy. the T￿￿teau are requlred to.. - 181g¢t gurt8bl• •ecountlng pollcte8 and thon 8pply them conBIBtsndy. - mako judgments and e8tlmate8 that are reasonable and prudent., -8tsle whothgr gppllc4bl8 8¢LYJunlng tsnd4rd8 and 81gtornents of reccmmBnded pradiw h•v• baen followad. subJ•ct to any doparturnj di9￿108￿d and explained In the financlal 8tstern?nt¥", and - pr8por• th• flnsrKlal 8tatemani8 on the golng wncem ba818 unle88 It18 InapprDpiith to Prn8um• thatthè c*grfty wll contlnue to oporat•. ThB Tru¥lees are rn8pon81ble forkeeplng PToperac(yJunllng Tec4Jrdyvthirh roaqonabl• aKuracy at any tTum8 th8 financAal poBtlon of the Charity #nd lo en8ure that Ihp fln#n8d91 slatomBnts comply wSlh th• CharftlegAct 2011. They are alBO reupon8iblo fvr8afeguarding the a88els ollno Charlty and hence for lakirvd reasonable 818p8 forthe prevenllon and deie¢Uon of fr8ud and othgr irregularit￿3 21.09.23 pproved by orderof the board oftru5t￿ on .......................................... . And slgnod on behaw by.. M Simp8on- TNsts Pago 3 INUEPENDENf EXUINEK8 REPORT TO THR TRUSTEES OF SPINAL TRACK I report to th$ ¢horftytrU8t￿B on my oxwnination ofthg 9co)unts oflho Company for tha yearanw 31 D￿Mb￿r2022 RO•pon￿bE11tt•l And of r•port A6 the chaTW$ tsusteas of the Company (and aL80 IL8 dlrecaor8 forth8 PU￿888 of¢ompany law) you ore respon8lbL3 forth8 preparntlon ofthe acc4Junta In accordan￿5¥[th the requlrement ofthe Companie8 Ad 20LI8 I'lhe 2006 A￿. Havlng salsfied myBeifthal the 8c%ount8 of the Company are not requlred to be audited under Part 16 of the 20C6 Act and are ellgible for independent examination, I report in respect of my examination of th8 Trusts ar￿)Unts ￿rried out under ctlon 145 of tho CharilE•8 A¢t 20111.lhe 2011 Acri. In c4rylng out my ￿MnIna110n I hav& follmd the Dlrectlons given by lh& Charity Comml88ion un(1orse¢titsn 14515llbl of th• 2011 A¢L Ind•p•nd•rt E￿mIn•t• Stat•m•nt I have cfjmpl•tsa my oxamlrtaU¢n. I ￿nfiM1 that materfol motters ha￿ Mmo to my •tt4ntlon In Mnn•ctlon vAlh the •xamlnatlon gl¥Ang m• e4us• to balEwèthat In any mat•rf*l r•ip¢ct ac¢oundng r•co)rd8 w•rn Mt kept In r•opoct of th• Compthiy a8 requlr•d by •eotton 386 of th• 2006AcL' or th* a¢Munts do not ar¢>Jrd thov• or tha gce4unt& do not CA)mplywfth th8 aCK>JUntlng rnqulroments ¢xnc•mlnp ofmctlon 398 ofth• 20C6 Act otherthgn 8ny wiulr¢mgAttho1 tho a¢Munts olve a Iru8 and f8lrvloW ¥thl¢h h not g m8tter nfjld￿d 41 P•rt of In Indop¢nd¢nl ¢xgmln•tlon Qr th& aLuunt8 hav8 not been pr•par•d In 4¢>>ird•ncA thg method4 •nd Prfn￿pl￿ oftho 8t•tom•nl ol R•comm•nd8d Pradra f¢raccountlng ond r•portlng by charfllafy pr•parlng th•lr ac2ount8 In aCC4JrdaniY4 wth the FinancAal Reporung Standard epptlcabh In tha UK and lrnland IFRS1021 I hav• no ￿ne•m• and have come *uo#8 no other matter8 In ￿nneCtIOn wbth Ihe •x8mnSatton tovknlth altynllon Bhoufd ba dra￿ In th18 r•port lrt ordèr to •n8bli A Pfopor undorntandlng ofth• account8 lo bo reachéd. Cl•lM Nonvood B•e FCAAYII Chart•r•d Accountsnl Jonw Avan• Plper Hou 4 Dukes Court Bcgnor Road Chicthebier West Su8BO¥ P0198FX Pag• 4 REGISTER GISTERED CO Balafte• Sh *t31 bèr2022 A•at .12.2021 Flx•d Ass•ts T8ngibla A888ts 20.C¢O 19.746 Cuff•ntA•#•l• Ca$h at bank D8bt¢rs 204,416 3,361 219,125 1,949 Llabllllles f•llryJ du• Vllthln 12 monthi Credlknrs 11.2001 (2.4001 N•t¢urrontA•••t• 206,577 218.6 Totsl A•••ts IM• ¢urrnnt LlalJllltl•• 228,837 238,419 N•tAM•ts Fund 8il•ne• a• •t J1.11.lOZZ Unr•8trf¢t•d 226.837 238.419 Tho tharftabl• c4)mpany l•¢ntMt&J to examptlon from *udll under Se&lon 477 of tho Companies Act 2008 IOT th• ondad 31 De¢embgr2022. Th• mgmb•r8 fiot requlrnd tho c*tarligblo compony to obtaln on audtt of Itmnclol •tat•m•nt8 lorth8 y•ar•ndad 31 D•￿mber2o22 In I¢￿dIn09 wlth •adon 478 of th? CompAnlo¥ AL* 2C( Th• JGknowledgi Ih•lr r•pon8lbllli•$ for. lal •n81Jr4ng thfjl Ihg ¢hOritab￿ Mmpgny k¢y 8¢x¢untln9 rw)rd8 that comply wtth Sedlon 386 Ind 387 ofthe Compan188 A¢t 2Cfj6 and preparfng llnoncSal 8tatem8rrt8 91￿ a IN• and falr vléw of Ihg •t•ts of 8ff•lr• of tho ¢h8rilablo ￿MpanY IIB at the end of •ach flnandal yoarand of M8 •urplu• orthffdt for 8ach fjngnclol yvar in ace4rfan¢4 ￿th th? requlromtnts ofSedton¥ 394 ond 395 ond whl¢h 01he￿89 ¢ompty wth t￿ requlremonts Dfth• campAnI￿A¢t2c￿ reldng tt> flnandal 8t&t•m•nt8, ￿ far u appllc&bl• to th• ¢harlloblo company. Ibl Theee flnanclal 8tatement8 have been prepared In aco)rdan￿V￿Ih the spodol provl$lon• of port 15 oflh• Compant•g Act 2006 relatln9 to 8rnall chqrilBble ccrnpanl$8. Q2.Q9.23 Th• fin9ndal $t4tsmenl¥ vM• •ppltsv￿ bytho board oftru8teeB on.............................ond 91gn9d on th9tr tehglfby M 8lrnwon- Tru8t•• Th8 not•8 on pagas PA form part ofthB¥e ac(x>unts. Pa99 6 TERED CHARITY 73 REGISTERED COMP Y NO. 10614904 of Fln•ncl81 A¢tlvl lorth r ondèd 31 Incomo an ndlturn Y•ar•nd•d Y•ar o#d•d 1.112 è and End Donatlonj 8nd ts3aiyes 70,884 88,045 Totsl In¢om¥ Exp•ndltur• on: Charltsble AGt￿lI1?8 11 82,888 2d,188 Total R•¥ourGfr• ExpBnd•d M•t InGom• lor th• y￿rIN•t rnov•rn•nt In fund• {11,7811 83.858 Fund bal•n¢é brought foNMd 31.12.2021 238,418 174.5eo Fund balinco ￿rrI•d forw•rd 31.12.2022 Non? olthe Ch&rfty'• a(thltleBwern acqulred OT di¢xnlnued durfng thls fiK•I pertod. Th? Charity hiB no fecognlmd goln8 or lo•￿ other th#n Ihote dealtwlth In th? Statement of FlnandolA¢dvMe•. Th• not•4 on pfjgeo M fomi part 01th•￿ •rthunls. Pago 6 SPINAL TRACK REGISTERED CHARrrY NO. 1173285 REGISTERED COMPANY NO. 10514904 to tho Aeeounts ft>r th• oar èndod 31 Decèmbor 2022 1 ACCOUNTING POLICIES The Spinal Track Charitable Trust is a prrvate company Ilmited by guarantee Incorporated In England and Wales, company number 10514904 and Charty Commisslon number 1173285. The reglstered address Is Thomas Eggar House, Frfary Lane, Chlchestsr, West Su88ex, P019 1 UF. 1.1 ACCOUNTING CONVENTION These 8ccounts have been prepared In accordanco wSth the charity's Memorandum & Artl¢le8 of Assoclatlon, the Companles Act 2006 and 'Accountlng and Reporting by Charflles.. Statement of Recommended Practtce appllcable to charltl8s preparing thelr a¢¢ounts In a¢cordanc6 wllh the Fln8n¢lal Reporting Standard appllcable In the UK and Republlc of Ireland IFRS 1021'{as amended for accountlng perlods commenclng from 1 January 2019). The charlty Is 8 Publlc Benefit Enllty as defined by FRS 102. Thè Charity has takèn advantage of the provisio￿ In th8 SORP for charities applying FRS 102 not to prèpare a Statemont of Cash Flt)W8. Th• accounts are prepared In stsrtlng. whl¢h 1$ tho fvnctional currency of tho charity. Th& prlnclpal a¢¢ountlng pollcles adopted are ￿t out below. 1.2 GOING CONCERN At the tlme of approvlng Ihe accounts, th8 truBte98 have reasonable expethtlon that the ¢hgrlty has adequate rnsources to continue In operation81 existenc8 for the foreseeable future. Thu8 th8 tru81aes' continue to adopt tho golng concem ba818 of accountlng In preparallon ot tho accounts. 1.3 CHARITABLe FUND8 & FUND ACCOUNTING Unrn8trfct£d lund8 are avallable for u8e at tho dt8cr•lion of th• trustaas In furthèran￿ of tholr Charftable ob]e￿l¥e$ unleBS the funds have beon de81gnated for other purp08e6. 1.4 INCOMING RESOURCE8 All Incomlng resources are Included on the Statement of Flnanclal Actlvltles when the charlty18 legally entitled to the Incomg, the anKunt can bo quanllfied wlth reasonable accuracy and It IB probable that income will be re¢eiv8d. 1.5 CHARITABLE ACTMTIE8 Expenditure on chèrtlable activities ¢on51sts of the costs necessary to dellver th8 charltles objectlves and ara accountad for on an awrual8 baslj 1.6 TANGIBLE FIXED ASSETS Tangible fixed assets are initialty measured 01 cost and 8ubsequenty measured at cost or valuatlon, net of depreclatlon and any imp8innent10sse8. Depreciatlon Is provided at the followiftg annual rates in order to write off each a8set over Its estlmated useful Iwe. Motor vehlcles- 25% on a reduclng balanc6 P•g• 7 1.7 GOVERNANCE COSTS Govemance costs compdse all cost8 Invofvlng the publlc accountsb115ty of the charlty and Its compliance with regulation and good practice. These costs Include costs related to statutory audit and legal fees togelher wlth other overhead and 8UPPOrt costs. 1.8 CA8H AND CASH EQUIVALEKf8 Cash and cash equlvalents Includo doposlts held at call wRh bank8. 1.9 FINANCIAL IN8TRUMENT8 The ch8rfty ha8 elected to app￿ the provlslons of Sectlon 11 'BaBlc Financlal Instruments. and sedon 12 '0ther Flnanclal IngtrunRnts18gueB° of FR8 102 to all of its financial instrumants. Financlal 988ets and Ilabillti08 are off8et, wlth the nèt amounts presanted In th& flnanclal stat•ments. whén th8r8 Is a legally 8nforcéabl8 right to s8t off tha recogn18ed amounts and there18 an Intontlon to sètue on q nat basis or to reall89 th¢ gSS&t and setti8 th8 Ilablllty slmultaneously. BA•le flninclal a•••t• 8aslc financlal assets, whlch Includes debtors and cash and bank balances. are Inlllalty measured at transactlon pr5cè Includlng transaBtlon ¢08t8 and ara 8ub8equently cathed at amortlsed cost uslng Ihe effectlva Int8r8St method unless the arrangement ￿n$￿tUteS a flnanclng tr8nsactlon, where the transactlon Is maa8ur8d at the present valu8 of the futura r6c8Ipts dlscounted at a market rate ol Interest. Flnan¢lal assets cla88ified a8 recelvable withln ona year ara not amort18ed. Impalrnient of financlal aM•ts Flnancial ass8ts, olher than those held at falr value through Income and ?xponditur8, aré assessad for Indlcators of Impalrment at each reportlng date. Flnanclal assets are Impaired where thare18 objective evidence that. as a result one or more events that occurred after the Inillal recognillon gf th8 flnan¢lal 888et, the e$tlrnated fvtur& cash fl¢)w8 havg been affected. If an as8et18 Impalred, the Impalrmenl loss IJ the dlfference bgtsveen the carrylng amount and the present value of the estlmaled cash flows dl8counted at the asseV8 orfglnal effectlve intere81 rate. The ImpalThent loss Is recognl8ed In net Incomellexpendlture) ft)r the year. Ifther818 8 decrease in th8 impaimient1088 arising from an event occurring after th8 impairment wag recognised, the impaimgnl is reversed, The reversal 15 such that tha current carrying amount do88 not exceed what Ihe carying amount would ha¥e been, had thè imp8iment previou81y b88n recagniséd. The impairment reversal is recognisgd in net in¢omel(exp8nditurai for the year. Ba8lc Ilnanclal Ihbllhlo• Baslc finandal Ilabllltl&s, Includlng trad6 and other paygblas, are Initialty recognlsed at transactlon prfce unless the arrangement constltutss a financlng transactton, where the debt Instrument Is measured at tho present valuè of the fvture receipts dlscounled at a market rate of Intsrest. Debt Instrumenls are subsequenty carrfed at amortl$&J cost, using the affective Interest rate rnethod. Trade payables are obligatlon3 to pay for goods or servlces that have been acqulred in the ordlnary course of operatlons from suppllers, Accounts payable are classed as current Ilabllltie5 ff payment15 due wRhln one year or less. If not, they are presented as non