THE SPINAL TRACK ANNUAL REPORT FOR 1/1/23 – 31/12/23 

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. 

## 2023 Charity achievements: 

We ran 8 rally experience days with 48 drivers in total. Unfortunately the rally school from where this was all run went into liquidation and closed towards the end of the year. Everything was perfectly set up to run smoothly with disabled drivers and sadly we weren’t able to find an alternative venue. We have kept the rally cars and are actively seeking another venue to run from. 

We ran 6 track days, with a total of 24 drivers on them. The venue – Silverstone- was booked for a large part of the year for filming, so the days we could run were limited. 

Due to these unforeseen and unfortunate issues with the venues, we could only supply driving experiences to 72 disabled people. To make up for this, we introduced social meets, including giving 50 beneficiaries free tickets to Silverstone Festival, organising tours of the Aston Martin F1 Campus and a Christmas party. These have been hugely successful and are a fantastic way of knowledge sharing between people 

We used the downtime to upgrade our track day fleet, buying a Mini Cooper S JCW and selling some of the older cars. We also used the ex-Top Gear Toyota GT86(Gifted by Toyota) as our other car for track days. This was due to be a rally car, but the loss of venue meant a change of plans. The car has been faultless, so many thanks to Toyota for the car (donated in a previous year). 

Fundraising: 

We became the official charity partner of the Aston Martin F1 team. This was a huge moment for the charity and shows that volunteer led smaller charities can be taken seriously by large organisations. We are working closely with them on aspects of disability. They have also provided 



volunteers to help on our days. We are very excited to see how this relationship grows. 

Our long term sponsors are still raising money for us and we have been working hard at setting up fundraising events. One of which was a very successful quiz at the Hagerty UK headquarters. We ran an auction with some incredible lots (thanks to kind companies supporting us) and this proved a good way of raising funds and getting the charity seen by important people in and out of the automotive sector. We will aim to more events like this. 

Trustees: 

Richard Solomons (Chair). Richard was appointed as a Trustee in early 2023 and took up position as chair. He brings a wealth of financial and corporate knowledge to the team. 

Simon Evans 

Mike Simpson 

Signed on behalf of the Trustees: 


Andrew Bayliss Co-founder 22/10/20234 



IM irwinmitchell
SPINAL TRACK
REGISTERED CHARITY NO. 1173285
REGISTERED COMPANY NO. 10514904
FINANCIAL STATEMENTS
For the ear ended 31 December 2023
(Ref- 054103301

SPINAL TRACK
REGISTERED CHARITY NO.1173286
REGISTERED COMPANY NO. 10614904
Contents to Financial Statements
for the
ear ended 31 December 2023
Pa
Annual Report of the Trustees
Independent Ex8minefs Report
Balance Sheet
Statement of Financial Activities
6-11
Notes to Financial Statements

Page 1
SPINAL TRACK
REGISTERED CHARITY NO.1173286
REGISTERED COMPANY NO. 10614904
REPORT OF THE TRUSTEES (INCLUDING DIRECTORS. REPORTI
FOR THE YEAR ENDED 31 DECEMBER 2023
The trustees who are also directors of the ch8rily for the purposes of the Companies Act 2006, present their report with
the financial statements of the charity for the ye8r ended 31 December 2023. The accounts have been prepared in accordance
with the accounting policies set out in note 110 the accounts and comply with the charity's governing docurnent, the
Companies Act 2006 and"Accounting 8nd Reporting by Charities." Statement of Recommended Pr8Ctice applicable to
ch8rities prepsring their accounts in 8e￿>rdan￿ with the Financial Reporting Standard spplicable in the UK and
Republic of Ireland IFRS1021.
REFERENCE AND ADMINISTRATION DETAILS
Registered Company nurnber
10514904 (England and Wale51
Registered Charity number
1173285
Reglstered ¢)ffi¢e
Thomas Eggar House. Friary Lane
Chichester. West Sussex
P019 1UF
Trustees
SJWEvans
M Simp50
R Solotnons
Independent examiner
clai￿ Norwood Bsc FCA ATII
Carpenter Boy Limited
Piper House. 4 Dukes Court
Brynor Road, Chichester
Wesl Sussex
P019 8FX
Solicitor5
I￿1n Mitchell LLP
Thotnas Eggar house
Friary Lane, Chichester
Wesl Sussex
P019 1UF
Bankers
HSBC UK
STRUCTURE. GOVERNANCE AND MANAGEMENT
Governing document
Spinal Track is controlled by its governing docurnent, a deed of trust. and constitutes a limited cornpany,
limited by gusrantee, as defined by the Companies Act 2006

Page 2
SPINAL TRACK
REGISTERED CHARITY NO.1173285
REGISTERED COMPANY NO. 10614904
REPORT OF THE TRUSTEES IINCLUDING DIRECTORS, REPORTI
FOR THE YEAR ENDED 31 DECEMBER 2023
OBJECTS AND ACTIVITIES
Objettives and aims
The charity's objects as set out In the Memorandum and Articles ol Association are".
To promote physical and rnental health ol people with disabilrties whether acquI￿d at birth. in Childhood
or in adult life. who would othenNise be excluded by enabling them lo enjoy the pleasures and benefits of
taking part in motor sports Ira¢k events. by the provision of adapted and modified vehi¢les. alongside
other people with disabilities and their friends and family members
Publ1¢ beneflt
The tru$lee$ ¢onfirm that they h8ve referred to the gllidan￿ ¢ontained in the Charity Commi$sionerts general
guidanc* on public benefit when reviewing the charity's aims and objectives and in planning future activities.
The trustees are satisfied that the charity continues to meet the public benefit test through its objectives and activities.
ACHIEVEMENT AND PERFORMANCE
Charitsble activities
The financial r85ults for the period 8re d8tai18d in the Statement of Financial Activ￿88.
During the year the charity has fulfilled it5 objectives by providing track day experiences based at
Silver5tone and are lun on the full Grand prix cuicuit.
FINANCIAL REVIEW
With the additional experiell￿ now up and running, our cost5 hsve increased. We have been incredibly
diligent to ensu￿ no money is wasted. bul that the experienct$ and safety are at the highe$l levels.
Continuted support by our commercial sponsors make this extra rally experien￿ possible. We have
re￿iVed 8 de￿llt arnount of doantions from the public and continue to focus on this to cover sny1058
from commer¢ial partnerships.
Reserve5 policy
The trustees regulady review the level of ￿serVeS to ensure that they a￿ adequate forthe current and proposed
levels of charitable activity.
The total ￿serveS at the year end are £273,55712022- £226,637)
TRUSTEES RESPONSIBILITIES
Legislation requi￿$ the Trustees lo prepare finan¢ial ststements for each finanoal year which show a true and
fair view of the stale of affairs of the Charity and of the income and expendiCtu￿ of the Charity for that period.
In preparing those finanrial statements, the Trustees a￿ reqUI￿d to".
select suitsble accounting policie$ and then apply them consistently..
make judgments and estimates that are reasonable 8nd prudent..
state whether applicable accounting standards and statements of recommended practice have been
followed. subject to any departures discolosed and explained in the finanual statements.,
8nd
prepare the finanual statements on the going concem basis unless it 18 inappropriate to presume
that the ch8rity wll continue to Dperate.
The Trustees are responsible for keeping proper accounting records which disclose with reasonable 8ccuracy
at any liume the fin8nusl postion of the Charity and to ensure that the finanacial 5tat8ments comply with the
Charities Act 2011. They are also responsible for safegusrding the assets of the Charity and hen￿ for taking
reasonable 5tep5 for the prevention and detection of fraud and othei irregularities
Approved by order of the board of trustees on
27.0>2024
And signed on its behalf by".
kls
M Simpson- Trustee

Page 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
SPINAL TRACK
I report to the charity trustee5 On tny examination of the accounts of the Company for the year ended 31 December 2023
Responsibilities and basis of report
As the charrty's trustees of the Company land a150 Its directors for the purposes of company lawl you are responsible for the
preparation of the accounts in accordan￿ with the requirement of the Cornpanies Act 20061'lhe 2006 Act").
Having satisfied myself that the acwunts ol the Company are not required to be auditsd under Part 16 of the 2006 Act and
a￿ eligible lor independent examination, I report in respect of my examination of the Trust's accounts carried out under
section 145 of the Charities Act 20111.the 2011 A¢t"l. In carrying out my examnination I have followed the Dire¢lions
given by the Charity Commission under section 14515llbl ol the 2011 A¢t.
Independent Examlne*$ Ststement
I have ¢ompleted my examination. I confirm that no material matters have come to my attention in connection with the
examination giving me ¢ause to believe that in any material re$pe¢t.'
acwunting records were not kept in respect of the Company as required by section 386 of the 2006 Act., or
the accounts do not accord with those records. or
the accounts do not comply with the accounting requirements concerning of section 396 of the 2006 Act
other than 8ny r8quirement that the accounts give a'tru8 and f8ir view which is not a matter
considered as part of an independent examin8tion or
the accounts have not been prepared in accordance with the methods and principles of the Staternent
of Recommended Practi￿ for accounting and reporting by charities piepanng their accounts in
accordance wth the Financial Reporting Standard applicable in the UK and Ireland IFRS1021
I have no Con￿[￿5 and have Come across no other tnatters in connedion with the examniation to which attention should
be drawn In this report in order to enable a proper understanding of the accounts to be reached.
¢lalre Nornyood Bsc F¢A ATII
chartered Accountsnt
Carpenter Box Limited
Piper House
4 Dukes Court
B￿nOr Road
Chichester
West Sussex
P019 8FX
Dated .

Page 4
SPINAL TRACK
REGISTERED CHARITY NO.1173286
REGISTERED COMPANY NO. 10614904
Balance Sheet as at 31 December 2023
Note
As at 31.12.2023
As at 31.12.2022
Fixed Asset5
Tangible Assets
26,232
20,060
Current Assets
Cash at bank
Debtors
246,364
3,661
204.416
3.361
Liabilities falling due within 12 months
Creditors
12,7001
11.2001
Net Cllr￿nt Assets
247,325
206.577
Total Assets less Current L18bllltles
273,557
226.637
Net A$$ets
273,557
226.637
Fund Balan¢e os at 31.12.2023
Unrestricted
273,558
226.637
The charitsble company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year
ended 31 De￿mber 2023.
The members have not ￿QuIred the ¢haritable Company to obtain an audit of its financial ststements for the
year ended 31 December 2023 in acwrd8ncÉ Mrith section 476 of the Companies Act 2006.
The trustees acknowledge their reponsibilities for.
ensuring that the charitable company keeps accounting record8 that comply with Section 386 and 387
of the Companies Act 2006 and
prep8ring financial statements which give a true and fair view of the stste of affairs of the charitsble company
as al the end of each financial year and of its suiplus or deficit for each finan￿81 yesr in accordan￿ with the
requiiement5 of Sections 394 and 395 and which otherwise comply with the requirements of the
Companies Act 20(6 relating to financial staternents, 50 far as applicable to the charitable company.
These financial staternents have been prepared in accordance with the special provisions of part 15 of the Companies
Act 2006 relating to small charitable companies.
The financial statements were approved by the board of trustees on
27.092024
.and signed on their behalf by
M Simpson- Trustee
The notes on pages 6-9 form part of these accounts.

Page 6
SPINAL TRACK
REGISTERED CHARITY NO.1173285
REGISTERED COMPANY NO. 10614904
Statement of Financial Activities for the
ear ended 31 December 2023
Includin
Income and Ex
enditure Account
General Unrestricted Fund5
Year ended
31.12.2023
Year ended
31.12.2022
Pa
Income and Endowments from".
Donations and Legacies
108,290
70,864
Total Income
108,290
70,884
Expenditure on..
Charitable Activities
61,369
82.666
Total Resources Expended
61,369
82.666
Net income for the yearlNet movement in funds
46,921
Fund balan￿ brought forward 31.12.2022
226,637
238,418
Fund balance carried forward 31.12.2023
273,558 £
226.637
None of the Charity's activrties were acquired or discontinued during this fiscal period.
The Charity has no re¢ognised gains or losses other than those dealt with in the Statement ol Financial Activities.
The notes on pages 6-9 form part ol these accounts.

Page 6
SPINAL TRACK
REGISTERED CHARITY NO. 1173285
REGISTERED COMPANY NO. 10514904
Notes to the Accounts for the
ear ended 31 December 2023
1 ACCOUNTING POLICIES
The Spinal Track Charitable Trust is a private company limited by guarantee incorporated in England
and Wales, company number 10514904 and Charity Commission number 1173285. The registered
address is Thomas Eggar House, Friary Lane, Chichester, West Sussex, P019 1 UF.
1.1 ACCOUNTING CONVENTION
These accounts have been prepared in accordance with the charity's Memorandum & Articles of
Association, the Companies Act 2006 and "Accounting and Reporting by Charities.. Statement of
Recommended Practice applicable lo charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021"las amended for
accounting periods commencing from 1 January 20191. The charity is a Public Benefit Entity as defined
by FRS 102.
The Charity has taken advantage of the provisions in the SORP for charities applying FRS 102 not to
prepare a Statement of Cash Flows.
The accounts are prepared in steding, which is the functional currency of the charity.
The principal accounting policies adopted are sel out below.
1.2 GOING CONCERN
Al the lime of approving the awounts, the trustees have reasonable expectation that the charity has
adequate resources lo Continue in operational existence for the foreseeable future. Thus the trustees,
continue to adopt the going concern basis of aceounling in preparation of the aceounls.
1.3 CHARITABLE FUNDS & FUND ACCOUNTING
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable
objectives unless the funds have been designated for other purposes.
1.4 INCOMING RESOURCES
All incoming resources are included on the Ststemenl of Financial Activities when the charity is legally
entitled lo the income, the amount can be quantified with reasonable accuracy and il is probable that
income will be re￿ived.
1.5 CHARITABLE ACTIVITIES
Expenditure on charitable activities consists of the costs necessary lo deliver the charities objectives
and are accounted for on an accruals basis
1.6 TANGIBLE FIXED ASSETS
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation,
net of depreciation and any impairment losses.
Depreciation is provided at the following annual rates in order lo write off each asset over its estimated
useful life.
Motor vehides- 25 /0 on a reducing balance

Page 7
1.7 GOVERNANCE COSTS
Governance costs comprise all costs involving the public accountability of the charity and its compliance
with regulation and good practi￿. These costs include costs related lo statutory audit and legal fees
together with other overhead and support costs.
1.8 CASH AND CASH EQUIVALENTS
Cash and cash equivalents include deposits held at call with banks.
1.9 FINANCIAL INSTRUMENTS
The charity has elected lo apply the provisions of Section 11 °Basic Financial Instruments" and section
12 "Other Financial Instruments Issues. of FRS 102 to all of its financial instruments.
Financial assets and liabilities are offset, with the net amounts presented in the financial slalements,
when there Is a legally enfor￿able right to sel off the recognised amounts and there is an intention to
settle on a net basis or lo realise the asset and settle the liability simultaneously.
Basic financial assots
Basic financial assets, which includes debtors and cash and bank balances, are initially measured al
transaction price including transaction costs and are subsequently carried al amortised cost using the
effective interest method unless the arrangement constitutes a financing transaction, where the
transaction is measured at the present value of the future receipts discounted at a market rate of
interest. Financial assets classified as receivable within one year are not amortised.
Impairment of financial assets
Financial assets, other than those held al fair value through income and expenditure, are assessed for
indicators of impaiment at each reporting date. Financial assets are impaired where there is objective
evidence that, as a result one or more events that occurred after the initial recognition of the financial
asset, the estimated future cash flows have been affected.
If an asset is impaired, the impairment loss is the difference between the carrying amount and the
present value of the estimated cash flows discounted al the asset's original effective interest rate. The
impairment loss is recognised in net incomellexpenditurel for the year.
If there is a decrease in the impaimient loss arising from an event occurring after the impairment was
recognised, the impairment is reversed. The reversal is such that the current carrying amount does not
exceed what the carrying amount would have been, had the impairment previously been recognised.
The impairment reversal is recognised in nel incomellexpendilurel for the year.
Basic financial liabilities
Basic financial liabilities, including trade and other payables, are initially recognised al transaction pri
unless the arrangement constitutes a financing Iransaclion, where the debt instrument is measured al
the present value of the future re￿iptS discounted al a market rate of Interest. Debt instruments are
subsequendy carried al amortised cost, using the effective interest rate method.
Trade payables are obligations to pay for goods or services that have been acquired in the ordinary
course of operations from suppliers. Accounts payable are classed as current liabilities if payment is
due within one year or less. If not, they are presented as non-current liabilities. Trade payables are
recognised Initially at Iransa¢lion price and subsequently measured al amortised cost using the effective
interest method.

Page 8
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged
or cancelled.
2. CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS
In the application of the charity's accounting policies, the Iruslees are required lo make judgements,
estimates and assumptions about the carrying amount of assets and liabilities that are not readily
apparent from other sources. The estimates and associated assumptions are based on historical
experience and other factors that are considered to be relevant. Actual results may differ from these
estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the estimate is revised where the revision affects only
that period, or in the period of the revision affects only that period, or in the period of the revision and
future periods where the revision affects both current and future periods.

Page 9
SPINAL TRACK
REGISTERED CHARITY NO.1173285
REGISTERED COMPANY NO. 10514904
Notes to the Accounts for the
ear ended 31 December 2023
Note
Year ended
31.12.2023
Year ended
31.12.2022
3 DONATIONS AND LEGACIES
Donations and gifts
108,290
70,884
Year ended
31.12.2023
Year ended
31.12.2022
4 TANGIBLE FIXED ASSETS
COST
At 1 January 2023
Additions
Disposals
As at 31 December 2023
64,885
21,181
119 7901
66,276
57.885
7.000
64,885
DEPRECIATION
At 1 January 2023
Charge for year
Eliminated in respect of disposal
As at 31 December 2023
44,827
8,744
113,5251
40,046
38.142
8.685
44,827
NET BOOK VALUE
At 31 December 2023
26,230
20.058
At 31 December 2022
20,058
19.745
6 DEBTORS- AMOUNTS FALLING DUE WITHIN ONE YEAR
Year ended
31.12.2023
Year ended
31.12.2022
P￿paYMentS
3,661
3.361
6 CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR
Year ended
31.12.2023
Ye8r ended
31.12.2022
Accrued expenses
2,700
1.200
7 SUPPORT AND GOVERNANCE COSTS
Accountant fee
Audit fee
Company Secretarial
Insuran
Postage
Advertising costs
Website costs
Sundries
Bank charyes
1.500
1.200
9,892
13
6.114
25
609
799
961
1,107
110
Basis of Allocation. All of the governan￿ and support costs ale allocated to the charitable adivitie5
totalling £12.909 in 20231£9.517 in 20221

Page10
SPINAL TRACK
REGISTERED CHARITY NO.1173285
REGISTERED COMPANY NO. 10514904
Notes to the Accounts for the
ear ended 31 December 2023
8 MOVEMENT IN FUNDS
Net
movement
in funds
At
31.12.2023
At 1.1.2023
Unrestrlcted funds
General fund
226,637
46,921
273,558
TOTAL FUNDS
Net movement in fund8, included in the above are as follow8..
Incoming
resourTrs
Resources
ex
ended
Movement
in funds
Unrestrlcted funds
General fund
108,290
161,3691
46,921
TOTAL FUNDS
Comparative net movement in funds, included in the above are as follow8..
Incoming
resourc￿8
Resources
ex
ended
Movement
in funds
Unrestricted funds
General fund
70,884
182,6661
111.7821
TOTAL FUNDS
A current year 12 months and prior year 12 months combined position is as follows..
Net
movement
In funds
At
31.12.2023
At 1.1.2022
Unrestricted funds
General fund
238,418
35,139
273.557
TOTAL FUNDS
Net movement in funds, included In the above are as follows.
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows.
Incoming
resour￿$
Resources
ex
ended
Movement
in funds
Unrestricted funds
General fund
179,174
1144,0351
35.139
TOTAL FUNDS
179,174
1144,0351
35.139
RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 Decernber 202312022 ".nill
10 EMPLOYEES
The￿ were no employees during the year12022".nill
11 TRANSACTIONS WITH TRUSTEES
The￿ We￿ no payrnents for ￿muneratIon or expenses to trustees during the year12022'.nill

Page11
SPINAL TRACK
REGISTERED CHARITY NO.1173285
REGISTERED COMPANY NO. 10514904
D8taili8d Stat8ment of Financial Activitie5 for the
8ar ended 31 D8cemb8r 2023
Note
Year ended
31.12.2023
Year ended
31.12.2022
INCOME AND ENDOIPIMENTS
Donations and legacies
Donations ￿ceiVed
Sponsorship re￿iVed
108,290
15,864
55.000
Total incoming ￿SoUrceS
108,290
70.884
EXPENDITURE
other
Motoring expenses
Track Day costs
Motor vehides- depreciation
Profit on sale of asset
36,076
11,675
8,744
18,0351
48,460
43,372
23,091
6,685
73,148
Supportcosts
Management
Insurance
Postage and stationery
Advertising
Sundries
9,892
13
609
799
11,313
6,114
25
961
1.107
8,208
Finance
Bank chaiges
110
Governance costs
Accountancy and legal fees
Total outgoing resources
1,500
61,369
1,200
82.666
Net income
46,921
111.7821

IM irwinmitchell
SPINAL TRACK
REGISTERED CHARITY NO. 1173285
REGISTERED COMPANY NO. 10514904
FINANCIAL STATEMENTS
For the ear ended 31 December 2023
(Ref- 054103301

SPINAL TRACK
REGISTERED CHARITY NO.1173286
REGISTERED COMPANY NO. 10614904
Contents to Financial Statements
for the
ear ended 31 December 2023
Pa
Annual Report of the Trustees
Independent Ex8minefs Report
Balance Sheet
Statement of Financial Activities
6-11
Notes to Financial Statements

Page 1
SPINAL TRACK
REGISTERED CHARITY NO.1173286
REGISTERED COMPANY NO. 10614904
REPORT OF THE TRUSTEES (INCLUDING DIRECTORS. REPORTI
FOR THE YEAR ENDED 31 DECEMBER 2023
The trustees who are also directors of the ch8rily for the purposes of the Companies Act 2006, present their report with
the financial statements of the charity for the ye8r ended 31 December 2023. The accounts have been prepared in accordance
with the accounting policies set out in note 110 the accounts and comply with the charity's governing docurnent, the
Companies Act 2006 and"Accounting 8nd Reporting by Charities." Statement of Recommended Pr8Ctice applicable to
ch8rities prepsring their accounts in 8e￿>rdan￿ with the Financial Reporting Standard spplicable in the UK and
Republic of Ireland IFRS1021.
REFERENCE AND ADMINISTRATION DETAILS
Registered Company nurnber
10514904 (England and Wale51
Registered Charity number
1173285
Reglstered ¢)ffi¢e
Thomas Eggar House. Friary Lane
Chichester. West Sussex
P019 1UF
Trustees
SJWEvans
M Simp50
R Solotnons
Independent examiner
clai￿ Norwood Bsc FCA ATII
Carpenter Boy Limited
Piper House. 4 Dukes Court
Brynor Road, Chichester
Wesl Sussex
P019 8FX
Solicitor5
I￿1n Mitchell LLP
Thotnas Eggar house
Friary Lane, Chichester
Wesl Sussex
P019 1UF
Bankers
HSBC UK
STRUCTURE. GOVERNANCE AND MANAGEMENT
Governing document
Spinal Track is controlled by its governing docurnent, a deed of trust. and constitutes a limited cornpany,
limited by gusrantee, as defined by the Companies Act 2006

Page 2
SPINAL TRACK
REGISTERED CHARITY NO.1173285
REGISTERED COMPANY NO. 10614904
REPORT OF THE TRUSTEES IINCLUDING DIRECTORS, REPORTI
FOR THE YEAR ENDED 31 DECEMBER 2023
OBJECTS AND ACTIVITIES
Objettives and aims
The charity's objects as set out In the Memorandum and Articles ol Association are".
To promote physical and rnental health ol people with disabilrties whether acquI￿d at birth. in Childhood
or in adult life. who would othenNise be excluded by enabling them lo enjoy the pleasures and benefits of
taking part in motor sports Ira¢k events. by the provision of adapted and modified vehi¢les. alongside
other people with disabilities and their friends and family members
Publ1¢ beneflt
The tru$lee$ ¢onfirm that they h8ve referred to the gllidan￿ ¢ontained in the Charity Commi$sionerts general
guidanc* on public benefit when reviewing the charity's aims and objectives and in planning future activities.
The trustees are satisfied that the charity continues to meet the public benefit test through its objectives and activities.
ACHIEVEMENT AND PERFORMANCE
Charitsble activities
The financial r85ults for the period 8re d8tai18d in the Statement of Financial Activ￿88.
During the year the charity has fulfilled it5 objectives by providing track day experiences based at
Silver5tone and are lun on the full Grand prix cuicuit.
FINANCIAL REVIEW
With the additional experiell￿ now up and running, our cost5 hsve increased. We have been incredibly
diligent to ensu￿ no money is wasted. bul that the experienct$ and safety are at the highe$l levels.
Continuted support by our commercial sponsors make this extra rally experien￿ possible. We have
re￿iVed 8 de￿llt arnount of doantions from the public and continue to focus on this to cover sny1058
from commer¢ial partnerships.
Reserve5 policy
The trustees regulady review the level of ￿serVeS to ensure that they a￿ adequate forthe current and proposed
levels of charitable activity.
The total ￿serveS at the year end are £273,55712022- £226,637)
TRUSTEES RESPONSIBILITIES
Legislation requi￿$ the Trustees lo prepare finan¢ial ststements for each finanoal year which show a true and
fair view of the stale of affairs of the Charity and of the income and expendiCtu￿ of the Charity for that period.
In preparing those finanrial statements, the Trustees a￿ reqUI￿d to".
select suitsble accounting policie$ and then apply them consistently..
make judgments and estimates that are reasonable 8nd prudent..
state whether applicable accounting standards and statements of recommended practice have been
followed. subject to any departures discolosed and explained in the finanual statements.,
8nd
prepare the finanual statements on the going concem basis unless it 18 inappropriate to presume
that the ch8rity wll continue to Dperate.
The Trustees are responsible for keeping proper accounting records which disclose with reasonable 8ccuracy
at any liume the fin8nusl postion of the Charity and to ensure that the finanacial 5tat8ments comply with the
Charities Act 2011. They are also responsible for safegusrding the assets of the Charity and hen￿ for taking
reasonable 5tep5 for the prevention and detection of fraud and othei irregularities
Approved by order of the board of trustees on
27.0>2024
And signed on its behalf by".
kls
M Simpson- Trustee

Page 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
SPINAL TRACK
I report to the charity trustee5 On tny examination of the accounts of the Company for the year ended 31 December 2023
Responsibilities and basis of report
As the charrty's trustees of the Company land a150 Its directors for the purposes of company lawl you are responsible for the
preparation of the accounts in accordan￿ with the requirement of the Cornpanies Act 20061'lhe 2006 Act").
Having satisfied myself that the acwunts ol the Company are not required to be auditsd under Part 16 of the 2006 Act and
a￿ eligible lor independent examination, I report in respect of my examination of the Trust's accounts carried out under
section 145 of the Charities Act 20111.the 2011 A¢t"l. In carrying out my examnination I have followed the Dire¢lions
given by the Charity Commission under section 14515llbl ol the 2011 A¢t.
Independent Examlne*$ Ststement
I have ¢ompleted my examination. I confirm that no material matters have come to my attention in connection with the
examination giving me ¢ause to believe that in any material re$pe¢t.'
acwunting records were not kept in respect of the Company as required by section 386 of the 2006 Act., or
the accounts do not accord with those records. or
the accounts do not comply with the accounting requirements concerning of section 396 of the 2006 Act
other than 8ny r8quirement that the accounts give a'tru8 and f8ir view which is not a matter
considered as part of an independent examin8tion or
the accounts have not been prepared in accordance with the methods and principles of the Staternent
of Recommended Practi￿ for accounting and reporting by charities piepanng their accounts in
accordance wth the Financial Reporting Standard applicable in the UK and Ireland IFRS1021
I have no Con￿[￿5 and have Come across no other tnatters in connedion with the examniation to which attention should
be drawn In this report in order to enable a proper understanding of the accounts to be reached.
¢lalre Nornyood Bsc F¢A ATII
chartered Accountsnt
Carpenter Box Limited
Piper House
4 Dukes Court
B￿nOr Road
Chichester
West Sussex
P019 8FX
Dated .

Page 4
SPINAL TRACK
REGISTERED CHARITY NO.1173286
REGISTERED COMPANY NO. 10614904
Balance Sheet as at 31 December 2023
Note
As at 31.12.2023
As at 31.12.2022
Fixed Asset5
Tangible Assets
26,232
20,060
Current Assets
Cash at bank
Debtors
246,364
3,661
204.416
3.361
Liabilities falling due within 12 months
Creditors
12,7001
11.2001
Net Cllr￿nt Assets
247,325
206.577
Total Assets less Current L18bllltles
273,557
226.637
Net A$$ets
273,557
226.637
Fund Balan¢e os at 31.12.2023
Unrestricted
273,558
226.637
The charitsble company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year
ended 31 De￿mber 2023.
The members have not ￿QuIred the ¢haritable Company to obtain an audit of its financial ststements for the
year ended 31 December 2023 in acwrd8ncÉ Mrith section 476 of the Companies Act 2006.
The trustees acknowledge their reponsibilities for.
ensuring that the charitable company keeps accounting record8 that comply with Section 386 and 387
of the Companies Act 2006 and
prep8ring financial statements which give a true and fair view of the stste of affairs of the charitsble company
as al the end of each financial year and of its suiplus or deficit for each finan￿81 yesr in accordan￿ with the
requiiement5 of Sections 394 and 395 and which otherwise comply with the requirements of the
Companies Act 20(6 relating to financial staternents, 50 far as applicable to the charitable company.
These financial staternents have been prepared in accordance with the special provisions of part 15 of the Companies
Act 2006 relating to small charitable companies.
The financial statements were approved by the board of trustees on
27.092024
.and signed on their behalf by
M Simpson- Trustee
The notes on pages 6-9 form part of these accounts.

Page 6
SPINAL TRACK
REGISTERED CHARITY NO.1173285
REGISTERED COMPANY NO. 10614904
Statement of Financial Activities for the
ear ended 31 December 2023
Includin
Income and Ex
enditure Account
General Unrestricted Fund5
Year ended
31.12.2023
Year ended
31.12.2022
Pa
Income and Endowments from".
Donations and Legacies
108,290
70,864
Total Income
108,290
70,884
Expenditure on..
Charitable Activities
61,369
82.666
Total Resources Expended
61,369
82.666
Net income for the yearlNet movement in funds
46,921
Fund balan￿ brought forward 31.12.2022
226,637
238,418
Fund balance carried forward 31.12.2023
273,558 £
226.637
None of the Charity's activrties were acquired or discontinued during this fiscal period.
The Charity has no re¢ognised gains or losses other than those dealt with in the Statement ol Financial Activities.
The notes on pages 6-9 form part ol these accounts.

Page 6
SPINAL TRACK
REGISTERED CHARITY NO. 1173285
REGISTERED COMPANY NO. 10514904
Notes to the Accounts for the
ear ended 31 December 2023
1 ACCOUNTING POLICIES
The Spinal Track Charitable Trust is a private company limited by guarantee incorporated in England
and Wales, company number 10514904 and Charity Commission number 1173285. The registered
address is Thomas Eggar House, Friary Lane, Chichester, West Sussex, P019 1 UF.
1.1 ACCOUNTING CONVENTION
These accounts have been prepared in accordance with the charity's Memorandum & Articles of
Association, the Companies Act 2006 and "Accounting and Reporting by Charities.. Statement of
Recommended Practice applicable lo charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021"las amended for
accounting periods commencing from 1 January 20191. The charity is a Public Benefit Entity as defined
by FRS 102.
The Charity has taken advantage of the provisions in the SORP for charities applying FRS 102 not to
prepare a Statement of Cash Flows.
The accounts are prepared in steding, which is the functional currency of the charity.
The principal accounting policies adopted are sel out below.
1.2 GOING CONCERN
Al the lime of approving the awounts, the trustees have reasonable expectation that the charity has
adequate resources lo Continue in operational existence for the foreseeable future. Thus the trustees,
continue to adopt the going concern basis of aceounling in preparation of the aceounls.
1.3 CHARITABLE FUNDS & FUND ACCOUNTING
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable
objectives unless the funds have been designated for other purposes.
1.4 INCOMING RESOURCES
All incoming resources are included on the Ststemenl of Financial Activities when the charity is legally
entitled lo the income, the amount can be quantified with reasonable accuracy and il is probable that
income will be re￿ived.
1.5 CHARITABLE ACTIVITIES
Expenditure on charitable activities consists of the costs necessary lo deliver the charities objectives
and are accounted for on an accruals basis
1.6 TANGIBLE FIXED ASSETS
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation,
net of depreciation and any impairment losses.
Depreciation is provided at the following annual rates in order lo write off each asset over its estimated
useful life.
Motor vehides- 25 /0 on a reducing balance

Page 7
1.7 GOVERNANCE COSTS
Governance costs comprise all costs involving the public accountability of the charity and its compliance
with regulation and good practi￿. These costs include costs related lo statutory audit and legal fees
together with other overhead and support costs.
1.8 CASH AND CASH EQUIVALENTS
Cash and cash equivalents include deposits held at call with banks.
1.9 FINANCIAL INSTRUMENTS
The charity has elected lo apply the provisions of Section 11 °Basic Financial Instruments" and section
12 "Other Financial Instruments Issues. of FRS 102 to all of its financial instruments.
Financial assets and liabilities are offset, with the net amounts presented in the financial slalements,
when there Is a legally enfor￿able right to sel off the recognised amounts and there is an intention to
settle on a net basis or lo realise the asset and settle the liability simultaneously.
Basic financial assots
Basic financial assets, which includes debtors and cash and bank balances, are initially measured al
transaction price including transaction costs and are subsequently carried al amortised cost using the
effective interest method unless the arrangement constitutes a financing transaction, where the
transaction is measured at the present value of the future receipts discounted at a market rate of
interest. Financial assets classified as receivable within one year are not amortised.
Impairment of financial assets
Financial assets, other than those held al fair value through income and expenditure, are assessed for
indicators of impaiment at each reporting date. Financial assets are impaired where there is objective
evidence that, as a result one or more events that occurred after the initial recognition of the financial
asset, the estimated future cash flows have been affected.
If an asset is impaired, the impairment loss is the difference between the carrying amount and the
present value of the estimated cash flows discounted al the asset's original effective interest rate. The
impairment loss is recognised in net incomellexpenditurel for the year.
If there is a decrease in the impaimient loss arising from an event occurring after the impairment was
recognised, the impairment is reversed. The reversal is such that the current carrying amount does not
exceed what the carrying amount would have been, had the impairment previously been recognised.
The impairment reversal is recognised in nel incomellexpendilurel for the year.
Basic financial liabilities
Basic financial liabilities, including trade and other payables, are initially recognised al transaction pri
unless the arrangement constitutes a financing Iransaclion, where the debt instrument is measured al
the present value of the future re￿iptS discounted al a market rate of Interest. Debt instruments are
subsequendy carried al amortised cost, using the effective interest rate method.
Trade payables are obligations to pay for goods or services that have been acquired in the ordinary
course of operations from suppliers. Accounts payable are classed as current liabilities if payment is
due within one year or less. If not, they are presented as non-current liabilities. Trade payables are
recognised Initially at Iransa¢lion price and subsequently measured al amortised cost using the effective
interest method.

Page 8
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged
or cancelled.
2. CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS
In the application of the charity's accounting policies, the Iruslees are required lo make judgements,
estimates and assumptions about the carrying amount of assets and liabilities that are not readily
apparent from other sources. The estimates and associated assumptions are based on historical
experience and other factors that are considered to be relevant. Actual results may differ from these
estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the estimate is revised where the revision affects only
that period, or in the period of the revision affects only that period, or in the period of the revision and
future periods where the revision affects both current and future periods.

Page 9
SPINAL TRACK
REGISTERED CHARITY NO.1173285
REGISTERED COMPANY NO. 10514904
Notes to the Accounts for the
ear ended 31 December 2023
Note
Year ended
31.12.2023
Year ended
31.12.2022
3 DONATIONS AND LEGACIES
Donations and gifts
108,290
70,884
Year ended
31.12.2023
Year ended
31.12.2022
4 TANGIBLE FIXED ASSETS
COST
At 1 January 2023
Additions
Disposals
As at 31 December 2023
64,885
21,181
119 7901
66,276
57.885
7.000
64,885
DEPRECIATION
At 1 January 2023
Charge for year
Eliminated in respect of disposal
As at 31 December 2023
44,827
8,744
113,5251
40,046
38.142
8.685
44,827
NET BOOK VALUE
At 31 December 2023
26,230
20.058
At 31 December 2022
20,058
19.745
6 DEBTORS- AMOUNTS FALLING DUE WITHIN ONE YEAR
Year ended
31.12.2023
Year ended
31.12.2022
P￿paYMentS
3,661
3.361
6 CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR
Year ended
31.12.2023
Ye8r ended
31.12.2022
Accrued expenses
2,700
1.200
7 SUPPORT AND GOVERNANCE COSTS
Accountant fee
Audit fee
Company Secretarial
Insuran
Postage
Advertising costs
Website costs
Sundries
Bank charyes
1.500
1.200
9,892
13
6.114
25
609
799
961
1,107
110
Basis of Allocation. All of the governan￿ and support costs ale allocated to the charitable adivitie5
totalling £12.909 in 20231£9.517 in 20221

Page10
SPINAL TRACK
REGISTERED CHARITY NO.1173285
REGISTERED COMPANY NO. 10514904
Notes to the Accounts for the
ear ended 31 December 2023
8 MOVEMENT IN FUNDS
Net
movement
in funds
At
31.12.2023
At 1.1.2023
Unrestrlcted funds
General fund
226,637
46,921
273,558
TOTAL FUNDS
Net movement in fund8, included in the above are as follow8..
Incoming
resourTrs
Resources
ex
ended
Movement
in funds
Unrestrlcted funds
General fund
108,290
161,3691
46,921
TOTAL FUNDS
Comparative net movement in funds, included in the above are as follow8..
Incoming
resourc￿8
Resources
ex
ended
Movement
in funds
Unrestricted funds
General fund
70,884
182,6661
111.7821
TOTAL FUNDS
A current year 12 months and prior year 12 months combined position is as follows..
Net
movement
In funds
At
31.12.2023
At 1.1.2022
Unrestricted funds
General fund
238,418
35,139
273.557
TOTAL FUNDS
Net movement in funds, included In the above are as follows.
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows.
Incoming
resour￿$
Resources
ex
ended
Movement
in funds
Unrestricted funds
General fund
179,174
1144,0351
35.139
TOTAL FUNDS
179,174
1144,0351
35.139
RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 Decernber 202312022 ".nill
10 EMPLOYEES
The￿ were no employees during the year12022".nill
11 TRANSACTIONS WITH TRUSTEES
The￿ We￿ no payrnents for ￿muneratIon or expenses to trustees during the year12022'.nill

Page11
SPINAL TRACK
REGISTERED CHARITY NO.1173285
REGISTERED COMPANY NO. 10514904
D8taili8d Stat8ment of Financial Activitie5 for the
8ar ended 31 D8cemb8r 2023
Note
Year ended
31.12.2023
Year ended
31.12.2022
INCOME AND ENDOIPIMENTS
Donations and legacies
Donations ￿ceiVed
Sponsorship re￿iVed
108,290
15,864
55.000
Total incoming ￿SoUrceS
108,290
70.884
EXPENDITURE
other
Motoring expenses
Track Day costs
Motor vehides- depreciation
Profit on sale of asset
36,076
11,675
8,744
18,0351
48,460
43,372
23,091
6,685
73,148
Supportcosts
Management
Insurance
Postage and stationery
Advertising
Sundries
9,892
13
609
799
11,313
6,114
25
961
1.107
8,208
Finance
Bank chaiges
110
Governance costs
Accountancy and legal fees
Total outgoing resources
1,500
61,369
1,200
82.666
Net income
46,921
111.7821