THE SPINAL TRACK ANNUAL REPORT FOR 1/1/24 – 31/12/24 

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. 

## 2024 Charity achievements: 

We ran 9 track days at Silverstone, giving 36 drivers an incredible day behind the wheel. 

We spent a lot of time trying to find a replacement experience due to sadly losing the rally school venue late in 2023. Unfortunately we couldn’t find a rally school or driving venue that would work for us, but we continued to work hard to find somewhere that would be good, safe and appropriate for our accessibility needs. 

We carried on and grew our community events. Events included taking a group of drivers to the Aston Martin F1 factory at Silverstone to watch Free Practice of the British Grand Prix and have a tour, to inviting 50 guests to the Silverstone Festival and then having our Christmas Party at the Aston Martin F1 factory. 

Fundraising: 

We are still 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. 

It was a difficult year for fundraising, but due to holding good reserves, we can run a deficit occasionally but we will try our best to run a positive year end balance. 



Trustees: 

Richard Solomons (Chair) 

Simon Evans 

Mike Simpson 

Signed on behalf of the Trustees: 

Andrew Bayliss Co-founder 28/10/2024 



IM irwinmitchell
SPINAL TRACK
REGISTERED CHARITY NO. 1173285
REGISTERED COMPANY NO. 10514904
FINANCIAL STATEMENTS
For the
ear ended 31 December 2024
(Ref: 05410330}

SPINAL TRACK
REGISTERED CHARITY NO.1173285
REGISTERED COMPANY NO. 10514904
Contents lo Financial Statements
for the
earended 31 December 2024
Pa
Annual Report of the Trustees
Independent Examinerfs Report
Balance Sheet
Statement of Financial Activities
6-11
Notes to Financial Statements

Page 1
SPINAL TRACK
REGISTERED CHARITY NO.1173285
REGISTERED COMPANY NO. 10514904
REPORT OF THE TRUSTEES (INCLUDING DIRECTORS. REPORTI
FOR THE YEAR ENDED 31 DECEMBER 2024
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with
the financial statements of the charity for the year ended 31 December 2024. The accounts have been prepared in accordance
with the accounting policies set out in note 1 to the accounts and comply with the charity's governing document, the
Companies Act 2006 and "Accounting and Reporting by Charities= Statement of Recommended Practice applicable to
charities preparing their accounts in accordan￿ with the Financial Reporting Standard applicable in the UK and
Republic of Ireland IFRS1021.
REFERENCE AND ADMINISTRATION DETAILS
Registered Company number
10514904 IEngland and Wales)
Registered Charity nurnber
1173285
Registsred office
Thomas Eggar House, Friary Lane
Chichester, West Sussex
P019 1UF
Trustees
SJWEvans
M Simpson
R Solomons
Independentexaminer
Jordan Abbot Bsc ACA
Carpenter Box Limited
Piper House, 4 Dukes Court
Bognor Road, Chichester
West Sussex
P019 8FX
Solicitors
Irwin Mitchell LLP
Thomas Eggar house
Friary Lane, Chichester
West Sussex
P019 1UF
Bankers
HSBC UK
STRUCTURE. GOVERNANCE AND MANAGEMENT
Governing document
Spinal Track is controlled by its goveming document, a deed of trust, and constitutes a limited company,
limited by guarantee, as defined by the Companies Act 2006

Page 2
SPINAL TRACK
REGISTERED CHARITY NO.1173285
REGISTERED COMPANY NO. 10514904
REPORT OF THE TRUSTEES IINCLUDING DIRECTORS. REPORTI
FOR THE YEAR ENDED 31 DECEMBER 2024
OBJECTS AND ACTMTIES
Objectives and aims
The charitys objects as set out in the Memorandum and Arbdes of Association are:
To promote physical and mental health of people wlh disabilities whether acquired at birth. in childhood
or in adult life, who would othenmise be exduded by enabling them to enjoy the pleasures and benefits of
taking part in motor sports track events, by the provision of adapted and modified vehides, alongside
other people with disabilities and their friends and family members.
Public benefit
The trustees confimi that they have referred to the guidan￿ contained in the Charity Commissione¢s general
guidance 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 activib"es.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
The financial results for the period are detsiled in the Statement of Financial Acts"vities.
During the year the charity has fulfilled rts objectives by providing track day eXperien￿S based at
Silverslone and are run on the full Grand prix curcuit.
FINANCIAL REVIEW
With the additional experience now up and running, our costs have increased. We have been incredibly
diligent to ensure no money is wasted, bul that the experien￿$ and safety are at the highest levels.
Continued support by our commerryal sponsors make this extra rally experien￿ possible. We have
from commercial partnerships.
Reseries policy
The trustees regularly review the level of reserve5 to ensure that they are adequate for the current and proposed
levels of charitable activity.
The total reserves at the year end are £256,879 {2023- £273.5571
TRUSTEES RESPONSIBILITIES
Legislation requires the Trustees to prepare financial statements for each financial year which show a true and
fair view of the stale of affairs of the Charity and of the income and expendicture of the Charity for that period.
In preparing those financial statements, the Trustees are required to..
select suitsble accounting policies and then apply them consistently",
make judgments and estimates that are reasonable and prudent..
- slate whether applicable accounting standards and statements of recommended practi￿ have been
followed, subject to any departures discolosed and explained in the financial statements-
and
prepare the financial stslements on the going ￿)nCern basis unless it is inappropriate to presume
that the charity will conb.nue lo operate.
The Trustees are responsible for keeping proper accounting records which disdose wth reasonable accuracy
al any liume the financial postion of the Charity and to ensure that the finanacial statements comply with the
Charities Act 2011. They are also responsible for safeguarding the assets of the Charity and hence for taking
reasonable steps for the prevenb.on and detecb.on of fraud and other irregularibes
Approved by order of the board of trustees on .
25.09.25
- And signed on its behalf by..
kls
M Simpson - Trustee

Pago 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
SPINAL TRACK
I report lo the charity trustees on my examinatson of the accounts of the Company for the year ended 31 December 2024
Responsibilities and basis of report
As the charity's trustees of the Company land also its directors for the purposes of company lawl you are responsible for the
preparation of the accounts in accordan￿ with the requirement of the Companies Act 20061.the 2006 Act").
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and
are eligible for independent examination, I report in respect of my examination of the Trusfs accounts carried out under
section 145 of the Charities Act 2011 I'lhe 2011 Act"). In carrying out my examninab.on I have followed the Directions
given by the Charity Commission under section 14515llbl of the 2011 Act.
Independent Examinerfs Statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the
examination giving me cause to believe that in any material respect".
accounting records were not kept in respect of the Company as required by secb.on 386 of the 2006 Act., or
the accounts do not accord wth those records. or
the accounts do not comply with the accounb.ng requirements conceming of secb.on 396 of the 2006 Act
other than any requirement that the accounts give a Irue and fair view which is not a matter
considered as part of an independent examinatson 01
the accounts have not been prepared in accordan￿ wth Ihe methc)ds and prinryples of the Statement
of Recommended practi￿ for accounting and reporting by charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Ireland IFRS1021
I have no concerns and have come across no other matters in connection wth the examniation to which attention should
be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Jordan Abbott Bsc ACA
Chartered Accountant
Carpenter Box Limited
Piper House
4 Dukes Court
Bognor Road
Chichester
West Sussex
P019 8FX

Page 4
SPINAL TRACK
REGISTERED CHARITY NO.1173285
REGISTERED COMPANY NO. 10514904
Balance Sheet as at 31 December 2024
As at 31.12.2024
As at 31.12.2023
Fixed Assets
Tangible Assets
16,720
26,232
Current Assets
Cash at bank
Debtors
237,329
5,693
246,364
3,661
Liabilities falling due within 12 months
Creditors
{2,8621
12,7001
Net Current Assets
240,159
247,325
Totsl Assets less Current Liabilities
256,879
273,557
Net Assets
256.879
273,557
Fund Balance as at 31.12.2024
Unrestricted
256,879
273,557
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year
ended 31 De￿rnber 2024
The members have not required the charitable company to obtsin an audit of its financial statements for the
year ended 31 December 2024 in accordance wth section 476 of the Companies Act 2006.
The trustees acknowledge their reponsibilibes for.
lal
ensuring that the charitable company keeps accounting records that comply wth Seth'on 386 and 387
of the Companies Act 20[￿ and
preparing financial statements which give a twe and fair view of the stste of affairs of the charitable company
as at the end of each financial year and of its surplus or defiat for each financial year in accordan￿ with the
requirements of Sections 394 and 395 and which otherwse comply wth the requirements of the
Companies Act 2006 relating lo financial statements, so far as applicable lo the charitable company.
Ibl
These financial statements have been prepared in accordan￿ the speaal provisions of part 15 of the Companies
Act 2006 relating to small charitable companies.
25.09.25
The financial statements were approved by the board of trustees on .............................and signed on their behalf by
kls
M Simpson - Trustee
The notes on pages 6-11 fomi part of these accounts.

Page 5
SPINAL TRACK
REGISTERED CHARITY NO.1173285
REGISTERED COMPANY NO. 10514904
Stslement of Financial Aclivities for the
ear ended 31 December 2024
Includin
Income and Ex
endituTr Account
General Unrestricted Funds
Yearended
31.12.2024
Year ended
31.12.2023
Pa
Income and Endowments from..
Donations and Legacies
11
49,407
108,290
Total Income
49.407
108,290
Expenditure on:
Charitsble Activities
11
66,086
61,369
Total Resources Expended
66,086
61,369
Net income for the yearlNet rnovernent in funds
{16,6791
46,921
Fund balance brought forward 31.12.2023
273,558
226,637
Fund balance carried forward 31.12.2024
256.879 £
273,558
None of the Charity's activities were acquired or discontinued during this fiscal period.
The Charity has no recognised gains or losses other than Ihose dealt with in the Statement of Financial Activities.
The notes on pages 6-11 fomi part of these accounts.

Page 6
SPINAL TRACK
REGISTERED CHARITY NO. 1173285
REGISTERED COMPANY NO. 10514904
Notes to the Accounts for the
ear ended 31 December 2024
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 to charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102)"(as amended for
accounting periods commencing from 1 January 2019). The charity is a Public Benefit Entity as defined
by FRS 102.
The accounts are prepared in sterling, which is the functs-onal currency of the charity.
The principal accounting policies adopted are set out below.
1.2 GOING CONCERN
At the time of approving the accounts, the trustees have reasonable expectation that the charity has
adequate resources to continue in operational existence for the foreseeable future. Thus the trustees,
continue to adopt the going concern basis of accounting in preparation of the accounts.
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 Ststement of Financial Activities when the charity is legally
entitled to the income, the amount can be quantified with reasonable accuracy and it is probable that
income will be re￿ived.
1.5 CHARITABLE ACTIVITIES
Expenditure on charitable activities consists of the costs necessary to 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 to write off each asset over its estimated
useful life.
Motor vehicles- 250/0 on a reducing balan

Page 7
Impaimient of fixed assets
At each reporting end date, the charity reviews the carying amounts of its tangible assets to determine
whether there is any indication that those assets have suffered an impairment loss. If any such
indication exists, the recoverable amount of the asset is estimated in order to determine the extent of
the impairment loss (if any).
1.7 GOVERNANCE COSTS
Governance costs comprise all costs involving the public accountability ofthe charity and its compliance
with regulation and good practi￿. These costs include costs related to 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 to 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 statements,
when there is a legally enforceable right to set off the recognised amounts and there is an intention to
settle on a net basis or to realise the asset and setue the liability simultaneousty-
Basic financial assets
Basic financial assets, which includes debtors and cash and bank balan￿s, are initially measured at
transaction pri￿ including transaction costs and are subsequently carried at 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.
Impaimient of financial assets
Financial assets, other than those held at fair value through income and expenditure, are assessed for
indicators of impairment 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 be￿een the carrying amount and the
present value of the estimated cash flows discounted at the asset's original effective interest rate. The
impairment loss is recognised in net incomel{expenditure) for the year.
If there is a decrease in the impairment 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 net incomel(expenditure) for the year.
Basic financial liabilities
Basic financial liabilities, including trade and other payables, are initially recognised at transaction price
unless the arrangement constitutes a financing transaction, where the debt instrument is measured at
the present value of the future receipts discounted at a market rate of interest. Debt instruments are
subsequently carried at amortised cost, using the effective interest rate method.

Page 8
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 attransaction price and subsequently measured at amortised cost using the effective
interest method.
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 trustees are required to 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 2024
Year ended
31.12.2024
Year ended
31.12.2023
3 DONATIONS AND LEGACIES
Donations and grfts
49,407
108,290
Yearended
31.12.2024
Year ended
31.12.2023
4 TANGIBLE FIXED ASSETS
COST
At 1 January 2024
Additions
Disposals
As at 31 De￿mber 2024
66,276
64,885
21,181
119,790}
66.276
17,0001
59.276
DEPRECIATION
Al 1 January 2024
Charge for year
Eliminated in respect of disposal
As at 31 De￿mber 2024
44,827
8,744
13,5251
40.046
5,573
13,0631
42.556
NET BOOK VALUE
At 31 De￿rnber 2024
16,720
26,230
At 31 De￿mber 2023
26,230
20,058
5 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Year ended
31.12.2024
Year ended
31.12.2023
Refund due from Zest Racecar Engineering Ltd
Prepayments
1,255
4,438
3,661
6 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Yearended
31.12.2024
Year ended
31.12.2023
Accrued expenses
2,862
2,700
7 SUPPORT AND GOVERNANCE COSTS
Accountant fee
Audit fee
Company Secretarial
Insuran
Postage
Advertising costs
Website costs
Sundries
Bank charges
1,482
1,500
10,467
301
9,892
13
330
365
609
799
96
Basis of Allocation.. All of the govemance and support costs are allocated to the charitsble activities
tolalling £13,041 in 20241£12,909 in 20231

Page 10
SPINAL TRACK
REGISTERED CHARITY NO.1173285
REGISTERED COMPANY NO. 10514904
Notes to the Accounts for the ear ended 31 December 2024
8 MOVEMENT IN FUNDS
Net
movement
in funds
At
31.12.2024
At 1.1.2024
Unrestricted funds
General fund
273,558
{16,6791
256,879
TOTAL FUNDS
Net movement in funds, included in the above are as follows..
Incoming
resources
Resour￿$
ex
ended
Movement
in funds
Unrestricted funds
General fund
49.407
{66,0861
116,6791
TOTAL FUNDS
Net movements in funds for comparative year
Incoming
resources
Resour￿$
Movement
in funds
Unrestrictsd funds
General fund
108,29)
{61,3691
46,921
TOTAL FUNDS
A current year 12 months and prior year 12 months combined position is as follows".
Net
movement
in funds
At
31.12.2024
At 1.1.2023
Unrestricted funds
General fund
226.637
30,242
256,879
TOTAL FUNDS
Net movement in funds, included in the above are as follovts".
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows..
Incoming
resour
Resour￿$
ex
ended
Movement
in funds
Unrestricted fvnds
General fund
157.697
{127,4551
30,242
TOTAL FUNDS
157,697
1127,4551
30,242
9 RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 De￿mber 202412023 ."nil)
10 EMPLOYEES
There were no employees during the year12023."nill
11 TRANSACTIONS wrrH TRUSTEES
There were no payments for remuneration or expenses to trustees during the year12023."nil)

Page11
SPINAL TRACK
REGISTERED CHARITY NO.1173285
REGISTERED COMPANY NO. 10514904
Detailed Statement of Financial Activities for the ear ended 31 December 2024
Year ended
31.12.2024
Year ended
31.12.2023
INCOME AND ENDOWMENTS
Donations and legacies
Donations re￿iVed
Sponsorship received
49,407
108,290
Totsl incoming resources
49,407
108,290
EXPENDITURE
Other
Motoring expenses
Track Day costs
Motor vehicles- depreciation
Loss I (Profit) on sale of asset
37,672
8,212
5,573
1,587
53,044
36,076
11,675
8,744
18,0351
48,460
Supporteosts
Management
Insurance
Postage and stationery
Advertising
Sundries
10,467
301
330
365
11.463
9,892
13
609
799
11,313
Finance
Bank charges
96
Governance costs
Accountancy and legal fees
Total outgoing resources
1,482
66,086
1,500
61,369
Net income
116,679
46,921

IM irwinmitchell
SPINAL TRACK
REGISTERED CHARITY NO. 1173285
REGISTERED COMPANY NO. 10514904
FINANCIAL STATEMENTS
For the
ear ended 31 December 2024
(Ref: 05410330}

SPINAL TRACK
REGISTERED CHARITY NO.1173285
REGISTERED COMPANY NO. 10514904
Contents lo Financial Statements
for the
earended 31 December 2024
Pa
Annual Report of the Trustees
Independent Examinerfs Report
Balance Sheet
Statement of Financial Activities
6-11
Notes to Financial Statements

Page 1
SPINAL TRACK
REGISTERED CHARITY NO.1173285
REGISTERED COMPANY NO. 10514904
REPORT OF THE TRUSTEES (INCLUDING DIRECTORS. REPORTI
FOR THE YEAR ENDED 31 DECEMBER 2024
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with
the financial statements of the charity for the year ended 31 December 2024. The accounts have been prepared in accordance
with the accounting policies set out in note 1 to the accounts and comply with the charity's governing document, the
Companies Act 2006 and "Accounting and Reporting by Charities= Statement of Recommended Practice applicable to
charities preparing their accounts in accordan￿ with the Financial Reporting Standard applicable in the UK and
Republic of Ireland IFRS1021.
REFERENCE AND ADMINISTRATION DETAILS
Registered Company number
10514904 IEngland and Wales)
Registered Charity nurnber
1173285
Registsred office
Thomas Eggar House, Friary Lane
Chichester, West Sussex
P019 1UF
Trustees
SJWEvans
M Simpson
R Solomons
Independentexaminer
Jordan Abbot Bsc ACA
Carpenter Box Limited
Piper House, 4 Dukes Court
Bognor Road, Chichester
West Sussex
P019 8FX
Solicitors
Irwin Mitchell LLP
Thomas Eggar house
Friary Lane, Chichester
West Sussex
P019 1UF
Bankers
HSBC UK
STRUCTURE. GOVERNANCE AND MANAGEMENT
Governing document
Spinal Track is controlled by its goveming document, a deed of trust, and constitutes a limited company,
limited by guarantee, as defined by the Companies Act 2006

Page 2
SPINAL TRACK
REGISTERED CHARITY NO.1173285
REGISTERED COMPANY NO. 10514904
REPORT OF THE TRUSTEES IINCLUDING DIRECTORS. REPORTI
FOR THE YEAR ENDED 31 DECEMBER 2024
OBJECTS AND ACTMTIES
Objectives and aims
The charitys objects as set out in the Memorandum and Arbdes of Association are:
To promote physical and mental health of people wlh disabilities whether acquired at birth. in childhood
or in adult life, who would othenmise be exduded by enabling them to enjoy the pleasures and benefits of
taking part in motor sports track events, by the provision of adapted and modified vehides, alongside
other people with disabilities and their friends and family members.
Public benefit
The trustees confimi that they have referred to the guidan￿ contained in the Charity Commissione¢s general
guidance 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 activib"es.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
The financial results for the period are detsiled in the Statement of Financial Acts"vities.
During the year the charity has fulfilled rts objectives by providing track day eXperien￿S based at
Silverslone and are run on the full Grand prix curcuit.
FINANCIAL REVIEW
With the additional experience now up and running, our costs have increased. We have been incredibly
diligent to ensure no money is wasted, bul that the experien￿$ and safety are at the highest levels.
Continued support by our commerryal sponsors make this extra rally experien￿ possible. We have
from commercial partnerships.
Reseries policy
The trustees regularly review the level of reserve5 to ensure that they are adequate for the current and proposed
levels of charitable activity.
The total reserves at the year end are £256,879 {2023- £273.5571
TRUSTEES RESPONSIBILITIES
Legislation requires the Trustees to prepare financial statements for each financial year which show a true and
fair view of the stale of affairs of the Charity and of the income and expendicture of the Charity for that period.
In preparing those financial statements, the Trustees are required to..
select suitsble accounting policies and then apply them consistently",
make judgments and estimates that are reasonable and prudent..
- slate whether applicable accounting standards and statements of recommended practi￿ have been
followed, subject to any departures discolosed and explained in the financial statements-
and
prepare the financial stslements on the going ￿)nCern basis unless it is inappropriate to presume
that the charity will conb.nue lo operate.
The Trustees are responsible for keeping proper accounting records which disdose wth reasonable accuracy
al any liume the financial postion of the Charity and to ensure that the finanacial statements comply with the
Charities Act 2011. They are also responsible for safeguarding the assets of the Charity and hence for taking
reasonable steps for the prevenb.on and detecb.on of fraud and other irregularibes
Approved by order of the board of trustees on .
25.09.25
- And signed on its behalf by..
kls
M Simpson - Trustee

Pago 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
SPINAL TRACK
I report lo the charity trustees on my examinatson of the accounts of the Company for the year ended 31 December 2024
Responsibilities and basis of report
As the charity's trustees of the Company land also its directors for the purposes of company lawl you are responsible for the
preparation of the accounts in accordan￿ with the requirement of the Companies Act 20061.the 2006 Act").
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and
are eligible for independent examination, I report in respect of my examination of the Trusfs accounts carried out under
section 145 of the Charities Act 2011 I'lhe 2011 Act"). In carrying out my examninab.on I have followed the Directions
given by the Charity Commission under section 14515llbl of the 2011 Act.
Independent Examinerfs Statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the
examination giving me cause to believe that in any material respect".
accounting records were not kept in respect of the Company as required by secb.on 386 of the 2006 Act., or
the accounts do not accord wth those records. or
the accounts do not comply with the accounb.ng requirements conceming of secb.on 396 of the 2006 Act
other than any requirement that the accounts give a Irue and fair view which is not a matter
considered as part of an independent examinatson 01
the accounts have not been prepared in accordan￿ wth Ihe methc)ds and prinryples of the Statement
of Recommended practi￿ for accounting and reporting by charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Ireland IFRS1021
I have no concerns and have come across no other matters in connection wth the examniation to which attention should
be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Jordan Abbott Bsc ACA
Chartered Accountant
Carpenter Box Limited
Piper House
4 Dukes Court
Bognor Road
Chichester
West Sussex
P019 8FX

Page 4
SPINAL TRACK
REGISTERED CHARITY NO.1173285
REGISTERED COMPANY NO. 10514904
Balance Sheet as at 31 December 2024
As at 31.12.2024
As at 31.12.2023
Fixed Assets
Tangible Assets
16,720
26,232
Current Assets
Cash at bank
Debtors
237,329
5,693
246,364
3,661
Liabilities falling due within 12 months
Creditors
{2,8621
12,7001
Net Current Assets
240,159
247,325
Totsl Assets less Current Liabilities
256,879
273,557
Net Assets
256.879
273,557
Fund Balance as at 31.12.2024
Unrestricted
256,879
273,557
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year
ended 31 De￿rnber 2024
The members have not required the charitable company to obtsin an audit of its financial statements for the
year ended 31 December 2024 in accordance wth section 476 of the Companies Act 2006.
The trustees acknowledge their reponsibilibes for.
lal
ensuring that the charitable company keeps accounting records that comply wth Seth'on 386 and 387
of the Companies Act 20[￿ and
preparing financial statements which give a twe and fair view of the stste of affairs of the charitable company
as at the end of each financial year and of its surplus or defiat for each financial year in accordan￿ with the
requirements of Sections 394 and 395 and which otherwse comply wth the requirements of the
Companies Act 2006 relating lo financial statements, so far as applicable lo the charitable company.
Ibl
These financial statements have been prepared in accordan￿ the speaal provisions of part 15 of the Companies
Act 2006 relating to small charitable companies.
25.09.25
The financial statements were approved by the board of trustees on .............................and signed on their behalf by
kls
M Simpson - Trustee
The notes on pages 6-11 fomi part of these accounts.

Page 5
SPINAL TRACK
REGISTERED CHARITY NO.1173285
REGISTERED COMPANY NO. 10514904
Stslement of Financial Aclivities for the
ear ended 31 December 2024
Includin
Income and Ex
endituTr Account
General Unrestricted Funds
Yearended
31.12.2024
Year ended
31.12.2023
Pa
Income and Endowments from..
Donations and Legacies
11
49,407
108,290
Total Income
49.407
108,290
Expenditure on:
Charitsble Activities
11
66,086
61,369
Total Resources Expended
66,086
61,369
Net income for the yearlNet rnovernent in funds
{16,6791
46,921
Fund balance brought forward 31.12.2023
273,558
226,637
Fund balance carried forward 31.12.2024
256.879 £
273,558
None of the Charity's activities were acquired or discontinued during this fiscal period.
The Charity has no recognised gains or losses other than Ihose dealt with in the Statement of Financial Activities.
The notes on pages 6-11 fomi part of these accounts.

Page 6
SPINAL TRACK
REGISTERED CHARITY NO. 1173285
REGISTERED COMPANY NO. 10514904
Notes to the Accounts for the
ear ended 31 December 2024
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 to charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102)"(as amended for
accounting periods commencing from 1 January 2019). The charity is a Public Benefit Entity as defined
by FRS 102.
The accounts are prepared in sterling, which is the functs-onal currency of the charity.
The principal accounting policies adopted are set out below.
1.2 GOING CONCERN
At the time of approving the accounts, the trustees have reasonable expectation that the charity has
adequate resources to continue in operational existence for the foreseeable future. Thus the trustees,
continue to adopt the going concern basis of accounting in preparation of the accounts.
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 Ststement of Financial Activities when the charity is legally
entitled to the income, the amount can be quantified with reasonable accuracy and it is probable that
income will be re￿ived.
1.5 CHARITABLE ACTIVITIES
Expenditure on charitable activities consists of the costs necessary to 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 to write off each asset over its estimated
useful life.
Motor vehicles- 250/0 on a reducing balan

Page 7
Impaimient of fixed assets
At each reporting end date, the charity reviews the carying amounts of its tangible assets to determine
whether there is any indication that those assets have suffered an impairment loss. If any such
indication exists, the recoverable amount of the asset is estimated in order to determine the extent of
the impairment loss (if any).
1.7 GOVERNANCE COSTS
Governance costs comprise all costs involving the public accountability ofthe charity and its compliance
with regulation and good practi￿. These costs include costs related to 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 to 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 statements,
when there is a legally enforceable right to set off the recognised amounts and there is an intention to
settle on a net basis or to realise the asset and setue the liability simultaneousty-
Basic financial assets
Basic financial assets, which includes debtors and cash and bank balan￿s, are initially measured at
transaction pri￿ including transaction costs and are subsequently carried at 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.
Impaimient of financial assets
Financial assets, other than those held at fair value through income and expenditure, are assessed for
indicators of impairment 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 be￿een the carrying amount and the
present value of the estimated cash flows discounted at the asset's original effective interest rate. The
impairment loss is recognised in net incomel{expenditure) for the year.
If there is a decrease in the impairment 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 net incomel(expenditure) for the year.
Basic financial liabilities
Basic financial liabilities, including trade and other payables, are initially recognised at transaction price
unless the arrangement constitutes a financing transaction, where the debt instrument is measured at
the present value of the future receipts discounted at a market rate of interest. Debt instruments are
subsequently carried at amortised cost, using the effective interest rate method.

Page 8
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 attransaction price and subsequently measured at amortised cost using the effective
interest method.
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 trustees are required to 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 2024
Year ended
31.12.2024
Year ended
31.12.2023
3 DONATIONS AND LEGACIES
Donations and grfts
49,407
108,290
Yearended
31.12.2024
Year ended
31.12.2023
4 TANGIBLE FIXED ASSETS
COST
At 1 January 2024
Additions
Disposals
As at 31 De￿mber 2024
66,276
64,885
21,181
119,790}
66.276
17,0001
59.276
DEPRECIATION
Al 1 January 2024
Charge for year
Eliminated in respect of disposal
As at 31 De￿mber 2024
44,827
8,744
13,5251
40.046
5,573
13,0631
42.556
NET BOOK VALUE
At 31 De￿rnber 2024
16,720
26,230
At 31 De￿mber 2023
26,230
20,058
5 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Year ended
31.12.2024
Year ended
31.12.2023
Refund due from Zest Racecar Engineering Ltd
Prepayments
1,255
4,438
3,661
6 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Yearended
31.12.2024
Year ended
31.12.2023
Accrued expenses
2,862
2,700
7 SUPPORT AND GOVERNANCE COSTS
Accountant fee
Audit fee
Company Secretarial
Insuran
Postage
Advertising costs
Website costs
Sundries
Bank charges
1,482
1,500
10,467
301
9,892
13
330
365
609
799
96
Basis of Allocation.. All of the govemance and support costs are allocated to the charitsble activities
tolalling £13,041 in 20241£12,909 in 20231

Page 10
SPINAL TRACK
REGISTERED CHARITY NO.1173285
REGISTERED COMPANY NO. 10514904
Notes to the Accounts for the ear ended 31 December 2024
8 MOVEMENT IN FUNDS
Net
movement
in funds
At
31.12.2024
At 1.1.2024
Unrestricted funds
General fund
273,558
{16,6791
256,879
TOTAL FUNDS
Net movement in funds, included in the above are as follows..
Incoming
resources
Resour￿$
ex
ended
Movement
in funds
Unrestricted funds
General fund
49.407
{66,0861
116,6791
TOTAL FUNDS
Net movements in funds for comparative year
Incoming
resources
Resour￿$
Movement
in funds
Unrestrictsd funds
General fund
108,29)
{61,3691
46,921
TOTAL FUNDS
A current year 12 months and prior year 12 months combined position is as follows".
Net
movement
in funds
At
31.12.2024
At 1.1.2023
Unrestricted funds
General fund
226.637
30,242
256,879
TOTAL FUNDS
Net movement in funds, included in the above are as follovts".
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows..
Incoming
resour
Resour￿$
ex
ended
Movement
in funds
Unrestricted fvnds
General fund
157.697
{127,4551
30,242
TOTAL FUNDS
157,697
1127,4551
30,242
9 RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 De￿mber 202412023 ."nil)
10 EMPLOYEES
There were no employees during the year12023."nill
11 TRANSACTIONS wrrH TRUSTEES
There were no payments for remuneration or expenses to trustees during the year12023."nil)

Page11
SPINAL TRACK
REGISTERED CHARITY NO.1173285
REGISTERED COMPANY NO. 10514904
Detailed Statement of Financial Activities for the ear ended 31 December 2024
Year ended
31.12.2024
Year ended
31.12.2023
INCOME AND ENDOWMENTS
Donations and legacies
Donations re￿iVed
Sponsorship received
49,407
108,290
Totsl incoming resources
49,407
108,290
EXPENDITURE
Other
Motoring expenses
Track Day costs
Motor vehicles- depreciation
Loss I (Profit) on sale of asset
37,672
8,212
5,573
1,587
53,044
36,076
11,675
8,744
18,0351
48,460
Supporteosts
Management
Insurance
Postage and stationery
Advertising
Sundries
10,467
301
330
365
11.463
9,892
13
609
799
11,313
Finance
Bank charges
96
Governance costs
Accountancy and legal fees
Total outgoing resources
1,482
66,086
1,500
61,369
Net income
116,679
46,921