Charfty rgglstratlon number 1179470 Company reglstratlon numbgr 103234BI (England and Wales} THE WORLD TRANSPLANT GAMES FEDERATION (A COMPANY LIMITED BY GUARANTEE) ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
THE WORLD TRANSPLANT GAMES FEDERATION (A COMPANY LIMITED BY GUARANTEE) LEGAL AND ADMINISTRATIVE INFORMATION Trust90S Mrs E M Schick MrWFUys Mr L G Reyna Zunlga Mr C B While Mrs J Berente DrA L Billstrom Ms B K Brown Mrs K M Clark MrsA Q Duran DrKSFung Dr P N Harden Mrs G Manuwald-seemueller Professory Marui Senlor nmnagement K Renyard Chlef ExeculNe Officer Charlty numbèr 1179470 Company numbar 10323481 Reglstered ofllce The Quay 30 Channel Way Southamplon Hampshire S014 3TG Independent examlner Moore {Soulh) LLP The Quay 30 Channel Way Southampton Hampshire S014 3TG
THE WORLD TRANSPLANT GAMES FEDERATION (A COMPANY LIMITED BY GUARANTEE) CONTENTS Page TNstees' rewrt Independent examinerfs report Statement of financial activrfies Balance sheet 10 Notes to the finanaal stslemenls
THE WORLD TRANSPLANT GAMES FEDERATION (A COMPANY LIMITED BY GUARANTEE) TRUSTEES, REPORT {INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2024 The trustees present Ihelr annual report and financial statements for the year ended 31 December 2024. This Trustees Report meets the requirements for a Directors Report under o)mpany law. The financial statements have been prepared in accordance with the accounting pollcles set out In note 1 to the financial st81emenls and comply with the trusfs memorandum and articles of association, the Compani&s Act 2006 and "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities prepariThJ their aceounls in accordan with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 102). {eflectlvè 1 January 2019). Objectives and actlvltles The World Transplant Federation is a Company Limited by guarantee, and registered as a company un(br number 10323481. Liability is limited whereby Ihe members, who are also the trustees uThJertake to contribute a sum not exceeding £10 in the event that the charitsble company is wound up. The Compary is also a registered charity under number 1179470. The Chaity's oyects are:. The advanrEment of amateur sport through the promotion of sporting activlty amongst reap1lS of organ, tissue arKI cell transplants, as well as living donors and ¢*Jnor families. The advanfflent of health through Ihe pr<)motion of the study of biological and clinlc81 problems of organ Iranspiantalion in order to improve the health of recbpienls of organ, tissue and cell transplant8. The advancement of education of the general public in relation to the beneffts of organ. tissue ar>J cell Ir8nsplanlatbn. Includlng edu¢ati¢)n about organ donation and raising awareness of thg WoddVde shortage of donor organs for trangplantation, as well as the dissemination of new knthedge arising out of the study of biologlcal aThJ clinical prOte5 of organ transplantation to the transplant community and to the genoral pu1C,. and the promotion ol the mental and mor81 improvement amongst the community of recipients of organ, tissue and cell Iransplants. as well as living donors and donor famllies. thrtyjgh the promotion of intemational friendship and relations amoNJst that communty. PubliG ben9fJt The Trustees confirm that the work they undertake on behalf of transplant recipients is for the pthlic benefit through the ralslng of awareness of the Importance of organ and tissue donor regislralDn and the development arKJ inclusion of support and physical aCtIty programs across the wodd ft)r transplant recipients. These programs benefit the public by ensuring this scarce resource of dtsnaled organs are effeclNely used by reupienls. It)wering the cost of future health care needs and Improvlng the qualfty of Ilfe of recipients.
THE WORLD TRANSPLANT GAMES FEDERATION (A COMPANY LIMITED BY GUARANTEE) TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Aclwities A summary of the main activities ofthe Charity.. The delivery of the 12th Wnler Wot1d Transplant Games (March 2024} in B¢Jtmio. Italy wlh sports and social evenls for transplanl recipients. living donors and donor families. For the ffirsl lime live stre8miro of events tC4)k place furthef extending read) and medla coverage. Preparation and measures to hold the next (25th) Summer Wodd Transplant Games (August 2025) in Oresden Gerniany. Delivery of the firsl ever Transplant Football World CuprrFWC (September 2024) in Ceryia Ilaty - also live streamed. C(ntinued liaison and support for th8 transplant community V•ilh a comprehensive %)cial media plan provlding mpaigns, competitions and inforMati- indudlng 'My Tfansplanl Scars,. .1 am Transplant. and 'The Living Pfoof Project.. cltInUed liaison and support for the transplant community wlh a tLsmprehen&ve social media plan providing campaigns, competitions and 1nfomialn. Reimagination of'The Hall of Fame, criteria to ensure inclusiwty and accessibility whilst eurIng we h)nour even more inspiring alhlel8's tranW8nl stories. Vote and subsequent indusion, allowing AUto1j0S Bone Marrow transplant reopients to particirfjts in events (Nov 2024>. Continuation of the Youth program. Transplant Next, whtch aims lo give transplanted children and youth th6 opportunity for support, developing life skills and social interaction through webinars. new webpage5 and camps in addition lo the launch of a global online distribution platfomi for sending rx the Transplant Teddy Bear to children on the waiting list or recently transplanted. The provision of the Transplant Hub forum where recipients and the wider transplant communlty can Interact wtth each other providing support and social interaction. The delivery of recipients, donor family and Iwlng doTh)r stories to inspire the wider community lo understand the bgnefils of organ and tissue donation. The continued promotion of the "Celebrate the Power of Sporf sodal m&Jla campalgn and website pages introducing the transplant communty lo sports 1¢h they can pacipate in al the IAbdd Transplant Games Wbth tips. trid(s, motivational strategie5 and guidelines. The growth of the Research group lo further assist the transplant community with their health and fitness. A number olwell received wetinars were presented throughout 2024. Continued delivery and improvement of a Fit for Lifel online rehabilitation program {Refil for Lkfe) to assist reapienls in taking the first steps to get active post-transF4ant, and sthvcasg these recipients lo Ihe public. thus promoting organ donalion and transplantation. Wrth the supm of IT&Med sponsorship {$31.703) we began translating these into 3 languages- Spanish being the first launched late 2024. Addit¢onal Wellness programs were added this year ensuring a greater range of support the transplant community. The Women's Wellness Program is underway wth Men's Wellness is to foll¢)w in 2025.
THE WORLD TRANSPLANT GAMES FEDERATION (A COMPANY LIMITED BY GUARANTEE) TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Achlevements and performance SAgnrfKanl adwities and achVeMentS against obi8Ctiv&s Over the eling period the Worfd Transplant Games Fedaralion directly met its 014ectlves- to promote amateur sport, to improve the physical health and mental wellbeing of recipients and the advancement of educati¢ of Ihe general public in relation to the benefrts of donation. The Federation achleved this through.. The delivery of the 12th Wnler Wortd Transplant Games in Bormio. Itaty (March 20241 with sports and social events for transplant recipients, living donors and donor familios. The delivery ofth8 first ever Transplant Football World Cup (TFWC} in Cervla. Italy {Sept 20241. During the reptsrting period GF made major preparations for the 25th Summer Worfd Trdnsplanl Games in Dre8den. Germany (August 2025}- The continued implementation of a Youth program, Transplant Next, which aims to glve transplanted children and youth the opportunity for sUPPOrt, devel¢¥Jing Irfa skills and $tal interaction through webinar5. new webpages and camp5 in addition to the launch of a global online distribution platfomi for sending TX the Transplant Teddy Bear to children on the waiting list or recenlty transplanted. Continued liaison and support for the transplant community with a comprehensive social media plan providing campalgns. u)mpetilions and information- including 'My Transplant Scars,, '1 am Transplant, and 'The Living Proof Project.. Reimagination of 'The Hall of Fame. crrteria to ensure indu$ivity and xcessibility whilst ensutlng we honour oven more inspiring athlete's transplant stories. Vote and subsequent IlusIOn. allowing Autolog¢JJ5 Bone Marrow transplant rerypienls to partiapale In wfG gvenls {Nov 20241. The provision of the Transplant Hub fowm where recipienls and the wider transplant community can interact with each other pioviding support and social interaction. The delivery of insFxring videos showcasing interviews with recipients, donor families and livirwJ donors. Thg continuation of the 'Celebrate the Power of Sporf social media campaign and websitg pages introducing the transplant community to sports which they can participate in at the World Transplant Games wth lips, tricks. motivational strategies and guidelines. The grovAh of the Research group to fijrther asslsl the transplant community wilh their heatth and fitness - irKluding webinars throughout the year. Continued delivery and improvement of a Fil for Lifel online rehabilitatiL piogram (Refil for Life) to assist reapients in taking the first steps to get active posl-transtAant. and showcase these Teapienls to the public, thus promoting organ donabon and transplantation. Additional Wellness programs were added ensuring a greater range of support for the transplant communbty. Mfilh the support of ITB-Med sponsorship ($31.703} we began Iranslaling these into 3 languages- Spanish live late 2024. Addltional Wellness program5 were added ensuring a greater range of supwrt the transplant eommunity. The Women's Wellne88 Program has been a great success already. Men's Wellness wll follow in 2025. Atten(ling. presenting. 8nd hosting of a workshops al the ELITA Summit in Madrsd - April 2024." EDQM Slrasboury - June 2024: Ths Istanbul - Sept 2024 dedicated to the benefits of sport and activity womoling organ donation. assisting transplant youth and helTr9 rehabililalion for transplant reapienls.
THE WORLD TRANSPLANT GAMES FEDERATION (A COMPANY LIMITED BY GUARANTEE) TRUSTEES. REPORT IINCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 The Federation has in the main achleved the oblectlves set out noknithstanding ever increasing cosls, the ongoing reduced funds available due to cancellation of the 2021 World Game5 n wnsequence of the COVIt>19 virus and the 2023 Games in Perth. Fundraising and seeking grants are relatively new activities for the wfGF. The Trustees and staff Successful ran an inaugural BIG GIVE Christmas Campaign in Dec 2024 - a matched ging initiatnie - £10.232 was raised (not inc. GiftAMd}. Another first beirrfJ an application to The National Lottery Fund in the UK- £20,000 was awarded. Both will support delivery of Wellness programmes and youih initiatives in 2025. Further c&Jedve settlng is planned for 2025. Financial review The financlal posltlon as at the peritsd end is exhibited by thg Charity's balance 8heet presented on page 9. This shows that the Charity's funds amounted to $159.447 (2023.. $237,266) but of this $38.155 (2023.. $67.0361 applies exclUve1Y lo the Fit for Lrfel program. $19,32512023.' $28,539) for the Youth wogram. $25.158 (2023= $nil) for the Wellness Prect5. and $8.17912023.- $nil) for The Big GNe. The Trustees consider Ihe Federation's financial position as at 31sl Deeember 2024 to be sound and healthy h) spite of ever increasing costs, reduced income generated from the Summer Games in Perth in 2023, and carry over from COVID-19 virus. Enhanced budgeting and cashltow forecasllng have been introded to ensure ongoing good financial govemance. During the rew)rting period $33.047 was collected on behaK of the LOC for the Winter Games in BoFmio, Italy (March 20241. Thls represented registrations fees collected across 21 countiies. These fees were paid over. 1gSS agreed GF deductions. on rlpt of invoices from the LOC in February and April 2024. The first ever Transplant World Cup Fc¥)tball vms a major stjccess in September 2024- the eatalyst and foundation forfuture TFWC events. We are IrM)king towards further swnsorship opportunlties in 2025 and also continuing lo diversify grant and fijndraising opportunities. Gng c¢)ncem The Trustees have rgviewed the forecasted cssh flows in line with the reseNes policy and believe that It Is appropriate to continue preparing the accounts on a going concern basis.
THE WORLD TRANSPLANT GAMES FEDERATION (A COMPANY LIMITED BY GUARANTEE) TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 ReseNes policy The Trustees have examlned the ChariS requlrem8nl for reserves in light of the main risks to the 0rgani8atn. The Trustees understsnd that reserves are needed to bridge the gap behveen spending and receiving income. as well as lo cover unplanned expendrture. In general. the major outgoings in respect of tho Summei and Wnler Games comprise Trustees, travel expenses and Games-relaled costs, which are largety fjjnded through participant caiitation fees and host fees. This also ensures thal an adequate working balance of funds exists lo cover the day- to-day support costs of the org8nlsation- the largest of which are staffing. ttavel. and subsistence costs. In assessing our reseryes. we measure them against a rolling cash llow forecast that projects income and expenditure over the n8xt Ihree-year cyde. At the year end the Federation had free reserves - deflned as those unrestricted reserves not tied up in 8ssels of $68,300 (2023- $140,700). Th8 Trustees believe that this awroach demonstrales that the Charity holds adequate reserves to continue lull operntions and remain in a sound finanaal position. Furthermove. should any concems arise regartjing future financial stsbility. It is worth notlng that many of oui operational expenses relate to contractual workers. This model offers llexibility. as the scope of these services can be scaled up. reduced, or even suspended in line with the financial posiiion and cash flow of the World Transplant Games Federation (wfGFI. This flexibility allows us to adjust expenditure appropriately should the need arlse. The Trustees therefore believe this reserves poIY is appropriate antl ensures prudent and effedve financial management. Cash reserves at thè period end amounted to $140.033. The Federation holds restricted fvnds of $90.817 relating to the Fil for Lrfel prograrnme funded by sponsorship from Novartis in 202012021. Youth program funds raised by the LOC in 2021 for the SK Anyway. Wellness Projects fijnded by the The National Lottery Community Fund. and The Big Gfve. These are ongolng programs of Initlatives under these bannèrs and fvndin9 is stricdy monitored. Pnitthp81 funding sourcès The prlncipal source of funds emanates from the host and capilalion fees d)arged lo the host city of the Summer Transplant Games. In 2025 thi$ be held in Dresden, Gemiany. The third tranche of host fees 1£36.000) for the Summer 2025 were received during 2024 from LOC in Dresden. Germany. We reeeived an annual grant from the Intemational Olympic Committee (IOC}- $27,000 in 2024. Sponsorship from IT&Kqed $31,703 A £5,0 donati was 18ceived from the Sir Edward LevAs Foundalion. £20.000 Grant from The Natlonal Lottery Fund in the UK in Dec 2024. THE BIG GIVE Chrislmas Campaign in Dec 2024- a matched givir¥J initiative- raised £10.232 (not inc. GiftAid). Investmentpolicy The Trustees agreed lo place some cash reseTves on instant access deposit to maxmise passive income in the current hKJher interest rate economy. This ha8 provided a valuable additional source of income.
THE WORLD TRANSPLANT GAMES FEDERATION (A COMPANY LIMITED BY GUARANTEE) TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Majorrisks The principal rtsks would be the inability lo eOUrage cities lo bid for Ihe Games. Thls has L*en mltlgated through the review of the bidding prOsS of the Games. This has pjso been mitigated by the app¢intmenl of Summer Games Host at a lime. the 2025 and 2027 Hosts were appointed al the same lime. The contracted host organisation for each Summer and Winter Games collects a copilalion fee from every registered part1pant on behall of the Federation. We have experienced delays in these funds being handed over to the Federation in the past. The risk of potential loss of lunds is now mitigated through dear terms in the conlract. Going fonvar(J, we are examining the practical implicabons of the Federation collecting the capilalion fees directly from partiapanls. Structure. governance and management The trust is a company limited by guarantee and is govemed by its memorandum and arlides of association. The liability of the members, who are also the Trustees of the Charity is h'miled. Members agree b contribute a sum not exedIng £10 in the event of a winding up. The Federation is made up of Member Countries (one represenlatlve org8nlsalion per county) from around the world who all work for the promotion of organ and tissue donation and the advancement of health wthin transplant populations. This body is known as the General Assembly which meets annually lo guide the Federalion. Tha Board of Truslees is entrusted to lead the Federation. An Execubve manages the Federation on a day-lo-day basis. Memos of Understsnding th the Intemational Olympic Committee IIOC), European Transplant & Dialysis sports Federati¢ (ETDSF) and th8 European He8rt & Lung Transplant Federation {EHLTF). Trustees can be nominated for election by the CEO or Chaimian of memker organisalions leach member country is repregented by one member organisation). Elections are held at a meeting of the country members which is usualty held every hvo years at the summer Vlbrld Transplant Games but can be held online if necessary. Trustees hold their positions for four years after whith time they will have to seek approval from the Board of Trustees to pul themselves forward for nomination again. If thal is approved, they neod to seek nomination from their Member organisab.on again. The members of the Executive Board are appointed by a vole of the Trustees at the first BoaTd meen9 immediately fdlMng the Trustee elections. They serve a four-year term from their election to an executive post. The Federation continues to evolve its govemance model and requirements. New bylaws were previousty introduced lo bring the election of Trustees in line with best practi and a conflicts of Interest register for Trustees was also implemented. The fedeTation holds training sesstons for trustees on Ihoir roles and obligalions. In addition the federation has membership bylaws lo ensure that member organisations work towards best practice and are representative of the enb're transplant sport community in their respective countries. The trustees. who are also the direetots for the Purpose of company law, and who $8wl during the year and up lo the dale of signature of the financial statements were= Mrs E M SchKk MrWFUys Mr L G Reyna Zuniga hdr C B lIe Mrs J Bgrent? DrA L 8illslrom Ms B K Brown Mrs K M Clark MrsAQ Duian DrKSFung Dr P N Haidgn Mrs G Manuwal(kS8emueller Professor Y Marui
THE WORLD TRANSPLANT GAMES FEDERATION (A COMPANY LIMITED BY GUARANTEE) TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORn (CONTINUED) FOR ThIE YEAR ENDED 31 DECEMBER 2024 ed by the Board olTru8te88. MrWFUys TNst••
THE WORLD TRANSPLANT GAMES FEDERATION (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THEWORLD TRANSPLANT GAMES FEDERATION I report lo the trustees on my examination of the financial statements of The Wodd Transplant Games Federation Ilhe Irusl) for the year ended 31 December 2024. Responslbllltles and basls of report As the Iwslees of the trust land also its direclors for the purw)ses of company lawl you are responsible for the preparation of the financial statsmenls in accordance with the requirements of the Companies Acl 20(6 (the 2006 Act). Hawng satisfied myself that the financial statements of the trust are not required to be audtied under Part 16 of the 2006 Act and are eligible for independent examination. I report in respect of my examination of the trust'5 financial statements carried out under section 145 of the Charities Act 2011 Ilhe 2011 Ad). In carrying out my examination I havè fdlowed all tha applicable Directions given by the Charity Commission under sectlon 145(5llb} of the 2011 ACL Independènt oxamln8rf$ stst&ment I have Completed Fny examination. I confirm that no matters have come to my atténtion in connection yth the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the tnjst as required by secllon 386 of the 2006Act.' the financi81 statements do nol accord wth those records" or the fjnanryal statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement thal the accounts give a true and fair eW vthich is not a matter constdered as part of an independent examination- or the financial statemen15 have not been prepared in accordance with the methods and princiF4es of the Slalement of Recommended Practlce for accounllng and reportlng ty ch8rftées applÉeable to charitses preparing their accounts in 8CLordance with the Financtal Reporting Standard applicable in the UK ar>J Republlc of Ireland IFRS 1021. I have no concerns and have come across no other matters in connection the examination to which attention should be drawn In this report in order to enable 8 proper understandlng of the flnanclal statements to be reached. w)LoP K R Ccoper BA FCA DChA foT and on behalf of Moore Isouthl LLP The Quay 30 Channel Wdy Southampkni Hampshire S014 3TG Dated.. 11........ 2£52S
THE WORLD TRANSPLANT GAMES FEDERATION (A COMPANY LIMITED BY GUARANTEE) STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Unr&strlcted Restrlcted funds funds 2024 2024 Total Unrestricted Restricted funds fund8 2023 2023 Total 2024 2023 Notes Income from: Donations and legaaes Charitable a¢liMties Other trading actiwties Investments 66.497 78,622 33.985 100.482 78,622 62.800 237,195 9.941 2.065 64,865 237.195 9.941 3,200 3,200 Total Income 148.319 33.985 182.304 309,936 2.065 312,001 Expèndlturè on: Raising funds Charitable activities 2.181 219.199 2.181 257.942 2.292 273.076 2,292 324.184 38.743 51.088 Total expendllure 221.380 38.743 260.123 275.368 51,088 326,456 Not expendltura and movemgnt In funds I73,1) {4,758} 177,819) 34,568 {49,023) 114,4551 Reconclllatlon of funds: Fund balanS at 1 January 2024 141,691 95,575 237,266 107,123 144,598 251.721 Fund balances at 31 December 2024 68.630 90,817 159.447 141.691 95,575 237.266 The stslemènt of financial aetivities includes all gains and losses recognised in the year. All irrnme and expendituro dwive from continuin9 activities.
THE WORLD TRANSPLANT GAMES FEDERATION (A COMPANY LIMITED BY GUARANTEE) BALANCE SHEET ASAT 31 DECEMBER 2024 20Z3 Flxed asaets Talvible assets 13 326 14 15 4.149 27.308 140.033 4.840 23.376 255.412 Cash at tonk antF In haThJ 171.490 283.628 16 onè y•4r rf12,9) (47R49) 159.121 236,279 Tolal a$ts less ctv¥ont 159,447 237.286 159.447 237.266 The funds of the trt 90.817 68.630 95,575 141,691 Unreslrfcled furKts 159,447 237.266 2006. forlhp yearended 31 Dec8mLr 2024. JOAS MrWF Uys Tru8tee CanY regwtr4ion rn¥pb¢r 10323181 {EnglwMI and Wales) io-
THE WORLD TRANSPLANT GAMES FEDERATION (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policles Charfty Infomiatlon The World Transplant Games Federatron is a prwale company limited by guarantee incorporated in England 2nd Wdles. The registered Olfi Is The Quay. 30 Channel Wdy. Southampton, Hampshire, S014 3TG. 1.1 Ac¢ountlng convgntlon The finanaal slalements have been prepared in aceordanee with the Irusfs memorandum and artides of association, the Companies Act 2006. FRS 102 'The Finanaal Reporting Standard applicable in the UK and Republic of Ireland. ("FRS 102.} and the Charities SORP'Accounting and Reporting by Charities.. Slalement of Recommended Practi applicable to charities prepariThJ their accounts in accordan with the Financial Reporting Standard applicable in the UK and Rewblic of Ireland {FRS 102)" {effectbve l January 20191- The trust is a Public Benefit Entity as defined by FRS 102. The trust has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows. The )Inancial ststemenls are prepared in US dollars, which is the fvnctional currency of the trust. Monetary amounts in these financial statements are rounded to the nearest $. The financial Skqtements have been prepared under the historical cost convention. The principal accounting policies 8dc)pted are set out bek)w. 1.2 Golng concèrn Al the time of approving the financI81 statements. the Iruslees have a reasonable expectation that the trust has adequate resources to continue in operational eStenCe for the foreseeable future. Thus the Iru%tees continue lo adopt the golng concem basis of accounting in preparing the finanual statements. 1.3 Charltable funds Unreslrided funds are available for use al the disuelKJn of the trustees in furtheran of their charitable objeclivas. ReslrKted funds are Su.eCt lo specific condib'ons by donors or grantors as lo how they may be used. The purposes and uses of the restricted funds are sel out in the notes to the finarrial statements. 1.4 Incomè Income is recognised when the trust is legally entitled to il after any performance condition8 havo been met. the amounts can measured reliably, and it is probable that income will r1ved. Cash donations are recognised on receipt. Other donations are lenIsed once the trust has been mtified of the donation, unless performance conditions requiie deferral of the amount. Income lax recoverable in relation to donati($ received un(Jer Gift Aid or deeds of covenant is recognised al the time of Ihe donation. Legacies are recognised on receipt or olhermse if the trust has been notified of an impending distribution, the amount is known. and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset. 11
THE WORLD TRANSPLANT GAMES FEDERATION (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Aceounllng polkl88 Icontlnuedl 1.6 Expendlture Expenditure is re¢ognised once there is a legal or constructive oblrgalion to transfer economic benef to third party. it Is probable that a transfer of economlc benefi15 WOII be required settlement. and the amount ol the obligation can be measured reliably. Expenditure is classified by aclNily. The costs of each activity are made up of the lolal of dir1 cost5 and shared costs, including support costs involved in undertaking each 8Ctivity. Direct costs aitributaue lo a single activity a allocated directly lo that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single aclivty are aprtIoned betsveen those activlltes on a basls consistent wth the use of resources. Central staff Costs are allocated on the basis of lime spent. arKI depreciation charges are 811ixaled on the portion ofthe asset's use. 1.6 Tanglblo flxed assets Tangible fixed assets are initially measured at cost and subsequenlty measured al cost or valuation, ng1 of depreciation and any impaimienl losses. Items of equipment of less than $500 are not capitalised, b included in the Slatemenl of Financial Activities. Depreciation is recognised so as to write off the ¢ost or valuation of ass¢ls less their residual values over their useful lives on the following bases.. Office and o)mputer equlpment Str8lght Ilne at 33% (3 years) The gain or loss arising on the disposal of an asset is determined as the difference belween the sale proceeds and the [rying value of the asset. and is recognised in the statement of financial activities. 1.7 Impalrment of flxed assets Al each reporting end date, the trust reviews the carrying amounts of its tangible assets lo determine whether there is any indication that those assets have suffered an impairmenl loss. If any such indication exists, the recoverable amount of the asset is estimated in order io detemiine the extent of the impairment loss {if any). 1.8 stocks Stocks are slated al the lower of cost and net realis8ble value lo the charity. Stock Consts of promotional goc*Js and clothlng. used by the charity in furtherance ol the objects. 1.9 Cash and cash equlvalents Cash and cash equivalenls indude cash in hand, deposits held at call th banks, other short-lemi liquid investments wlh original matuiilies of three months OT less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.10 Flnanclal Instruments The trust has elected to appty the provisions of Section 11 'Basic financial Instrum8nts' arKI Section 12 '0ther Financial Instruments Issues, of FRS 102 to all of its financial instwments. Firkancial instruments are recognised in the trusfs balance 8heet when the trust bewmes paty lo the ontractual provisions of the instrument. Financial assets and liabilities are offset. wlh the nel amounts presented in the finaneAal statements. when there is a legally enfofceable right to set off the recognised amounts and there is an intention lo setlle on 8 nel basis to realise the asset arrfl settle the liability simultaneously. 12-
THE WORLD TRANSPLANT GAMES FEDERATION {A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 AccoUnng pollcles (Continued) Basic financial assets 8aslc finandal assets. whlch Include debtors and cash and bank balances. are Inllially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the attangement constitutes a finantang transaction, %there the transaction is measured at the present value of the future receipts dlscounted at a market rate of Interest. Flnancial assets classified as reCeable wllhin one year are not amortl8ed. Basic r Inancial liabilities Baslc llnancial liabilities. Includlng credltors and bank loans are Initially recognlsed al transaction pric* unless the arran9ement constitutes a financing transaction. vthere the debt instrument is measured at the present value of the future payments discounted at a mart(et rale of interest. Financial liabilities dassified as payable wlthln one year are not aMorsed. Debt Instruments are subsequently carried at amorused cost, using the effectlve Interest rate method. Trade crediiors are obligalions to pay for goods services that have been acquired in the ordin8ry course of operations from suppliers. Amounts payable are dassified as current liabilities if payment is due wthin one year or less. If not, Ihey are presented as non-currenl liabilities. Trade cteditors are recognised initially al transaction price and subsequently measur6d at amortised cost u&ng tho effective interest method. Dweeognition offiftaneial li8biTlibes Financial liabilities are derecognised when the trust's contractual obligations expire or are discharged or cancelled. 1.11 Taxatlon The charty meets the definition of a charitable company for UK corporalron tsx purposes. 1.12 Employee bèneflts The cost of any unused holiday entlttement Is recognlsed In the perici In whlch the employee's $ceS are received. TemiInati benefts are recognised immediately as an expense Ythen the trust is demonstrably committed to leminate the employment of an employee or lo pmwde lemiination benefrts. 1.13 Retlrement benefits Payments lo defined contribution retirement nefft schemes are charged as an expense as they fall due. 1.14 Forelgn exchange Transactions in currendes other th8n US dcAlars are Corded at the rates of exchange prevailing at the dates of the transactions. At each rertIng end dale, monetary assels and liabilities thal are denominated in other currencies afe retranslated at the rales prevailing on tha reporting ond date. Gains and losses ari&ng on translation in the persod are included in statement of fjnancial activities. 1.15 Change In fomiat of accounts As a result of a VIeW of items of income and expendiluro, and moving the preparation of the staiulory accounts onlo accounting softhare a number of MParatIve figures have been amended to be consistent with the ¢urrenl year p051ings. 13-
THE WORLD TRANSPLANT GAMES FEDERATION (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Income from donatlon$ and Iggaclos Unrestrlcted Restrlcted funds funds 2024 2024 Total Unrestricted Rastrlctgd funds funds 2023 2023 Total 2024 2023 Donations and SP¢Jnsorships 66,497 33,985 11JO,482 62.800 2.065 64.865 Donations and gifts InternaOnal Olympic Committee donation Fit for Lifel Transplant Genomics Cencora Charities Trust- 8ergen Foundation Online plattornis Fit for Lifel income Youth Programme IT&MED LLC sponsorship Sir Edward Lewls FourKlation Lottery Funding - Wellness ProjerAs Misc ineome Th8 Big Give 27.000 27.000 27.000 27.(KlO 30.000 30.LO 5.000 800 5,000 148 170 148 170 334 1,731 1.731 31,703 31.703 6.361 6,361 25.488 25.488 632 8,179 632 8.179 66,497 33,985 100.482 62.800 2,(65 64,865 Incom8 from charitable actlvltles Unrestrlcted funds 2024 Unrestricted funds 2023 H051 fees Perth 2023 wrwG Bomiio 2024 fees Host fees D$den 2025 other games inme- including sponsorships County membership sUbsp110ns 116.074 48.055 61.616 12,000 (550) 33.047 46,075 15001 76.622 237,195 14-
THE WORLD TRANSPLANT GAMES FEDERATION (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Income from other tradlng actlvltles Unrestrfcted Unrestrlcted funds funds 2024 2023 Fundraising events 9.941 Income from Invostmgnts Unrestricted unstrICted funds funds 2024 2023 Interest on bank deposits 3.200 Expgndlturo on ralslng funds Unr8strl¢tad Unrestrlctod funds funds 2024 2023 Fundralslng and publlclty staging fundraising events Bbl writing 2.292 2,181 2.181 2.292 15-
THE WORLD TRANSPLANT GAMES FEDERATION (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Expèndlturo on charltable actlvttles 2024 2023 Dlrect Costs Depreciation and impaimient Games expenditure Games travel costs IOC event expen5e5 Country development programme grants Awareness and education Merchandise and st¢xk fflovement Games softsvare including registration system TFWC 2024 Fit for Lifel iniliative Youth Programme Wollness Pfojects expendibjre 661 44.290 23.425 317 900 16.091 25.437 11,920 6.629 691 1,795 4.880 29.029 9.384 330 7.408 42,795 8.293 90,756 144.180 Share of support and governanco costs (see note 8} Support Goveman¢e 153,614 13,572 169.879 10,105 257.942 324.184 Analysls by fund Unrestricted funds Restricted funds 219.199 38.743 273.076 51.088 257.942 324,164 16-
THE WORLD TRANSPLANT GAMES FEDERATION (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Support costs allocated to actlvltleg 2024 2023 stall Costs Staff travel Contractor costs Rent Insurance Accounting and payroll Foreign curfency gains and k)sses offi expenses Printing, distributw)n aThJ website Bank charges Govemance costs 94.399 1.094 35,034 91 481 7,926 3,252 6.089 3.586 1,662 13,572 104,976 4.980 32.012 3,757 1,165 8.262 3.617 5,600 4,377 1.133 10.105 167,186 179.984 Anatysod between: Expenditure on charitable adivities 167.186 179,984 2024 2023 Govemance Costs comprfsè: Accounts and Independent ExaminatK)n Insuran ITwstees and Officers) Trustee meeting costs 6.660 4,257 2,655 6,235 3.870 13.572 10.105 Not movornent In funds 2024 2023 The net movemenl in funds is staled after chargingllcrethling): Deprecialion of owned tangible fixed assets 10 Trustses None of the trUStS lor any persons connected wth them} received any remuneration or benefits from the trust during thè year. 11 Employegs The average monthly number of employees during the year was.. 2024 Numb8r 2023 Number 17-
THE WORLD TRANSPLANT GAMES FEDERATION (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DEGEMBER 2024 11 Employèè8 Icontlnued) Employment costs 2024 2023 Wdges arKI salaries Social security costs Other pension costs 87.663 4,11Y2 2,634 97.740 4.322 2,914 94.399 104.976 The number of emF4oyees OSe annual remuneration was moro than $75.000 is as follows.. 2024 Numbor 2023 Number $75.001 to $85.000 $85.001 to $95.000 Remuneration of key management peOnnel The remuneration of key management personnel was as follow8.. 2024 2023 Aggregate compensation 94.399 81.670 12 Taxatlon The charty is exempl from taxatb)n (x) its activities because all it5 income is applied for tharilable purposes. 18-
THE WORLD TRANSPLANT GAMES FEDERATION (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 13 Tanglble fix8d assets Office and cornput8r equirrfnont Cost At 1 January 2024 3.965 At 31 Dgcember 2024 3,965 DèpTeciation and impaimient At 1 January 2024 Depreciation charged in the year 2,978 At 31 December 2024 3,639 Carrylng omount At 31 December 2024 326 At 31 December 2023 14 Stocks 2024 2023 Finished goods and goods for resale 4,149 4.840 16 Debtors 2024 2023 Amounts falllng due wlthln oneyear. Trade debtors other debtors Prepayments and accrued incom8 22.542 559 4,207 18,062 559 4.755 27.308 23,376 19-
THE WORLD TRANSPLANT GAMES FEDERATION (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 16 Creditovs: amounts falllng due wlthln one year 2024 2023 Other taxation and SOCI Srity Trade creditors Other credrtors Acctuals and defeffed income 2,434 1.890 1.384 6,661 2,636 35.384 2.664 6,665 12,369 47,349 17 Retirement benefit schemes 2024 2023 Deflned conlrfbutlon schemes Charge to profil or105s in respect of defined contribUtn schemes 2.634 2.914 The trust operates a defined contribution pension scheme for 811 qu8fifying employees. The assets of the scheme are held separately from those of the Injsl in an Independently admlnlstered fund. 18 Rgstrfcted funds The reslricted funds of Ihe charity comprise the unexpended balances of (knalions and grants held on tnjst subject to specifi¢ conditions by donors as to how they may be used. At 1 January 2024 Incomlng Resources resources expended At31 December 2024 Fitfor Lifel Youth Programme Lottery The Big Give 67.036 28,539 148 170 25,488 8.179 129,029) 19,384) {330) 38.155 19,325 25,158 8,179 95,575 33.985 (38.743) 90,817 Prpvlous ygar: At 1 January 2023 IncomSng resources Rosources OXP8nd8d At31 December 2023 Fil for Lifel Y¢Jrth Piogramme 109.497 35.101 334 1.731 {42.795) 18,293} 67.036 28.539 144,598 2,065 51,088 95.575 20-
THE WORLD TRANSPLANT GAMES FEDERATION (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 18 RgStrIcted fund$ Icontlnued) The Fit for Lifel restricted fvnd is to continue work anej development of programmes aimed al elevating the importance of physical activities al all levels. It is allocated lo inilialives which womote adivty post transplant, aid in rehabililalion in areas of exercise, nutrition, and mental wellbeing and IudeS "Billion Steps Challenge., Immucor podcasts and virtual events. and contribute lo work in the area of research. edwlion, and community engagemenL The Youth Programmg is a proie¢l where transplanted young people are Ffovided the opportunity for support, developing life skills and scoal interadion. Bolh Women's and Men's Wellness are essential topics in the transplant community. Thanks to funding received late 2024 from the National Lottery and The Big Give in the UK, Wellness programmes have developed. They encompass a holistic approach to health and well-being that considers the physical, mental, emotional, and social aspects both women and men post-transplant fa in their transplant joumey. Both programs Iwomen's commenced June 2024 and Men's due for launch early 20251 have been designed to bTing education and awareness - filled wilh valuable information thal will help fflen and women understand their health, wellness, and bodies during the Iransplantjoumey, empowering them to make infomied deasions about their health. As the programs develop, we hope they will become a support group for men and women and offer valuable resources, providing a sense of community and encouragement. Webinars are recorded and hosted by the guest speakers on screen. Coffe8 chats will be infomial open discussions, these diUssIOnS will not be recorded to respect the attendee's privacy. 19 Unro$trlclod funds The unrestricted fvnds of the charity comprise the unexpended balances of donations and grants which are not subject lo specific conditions by donors and grantors as to how they may be used. These include designated funds whlch have been sel aside Out of unrestricted funds by the trustees for specific purtk)ses. At 1 January 2024 Incoming Resources ources expended At31 December 2024 General funds 141.691 148.319 {221.3801 68.630 Prevlous year. At 1 January 2023 Incomlng Resources resource5 expended At31 December 2023 General funds 107,123 309,936 {275,368) 141.691 21
THE WORLD TRANSPLANT GAMES FEDERATION (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 20 Analys18 of net assets botween fund8 Unrestrlcted funds 2024 Restrlcted funds 2024 Total 2024 At 31 December 2024: Tangible assets Current assetsl{li8bililiesl 326 326 159,121 90.817 68,630 90.817 159.447 Unrestricted funds 2023 Restricted funds 2023 Total 2023 Al 31 December 2023". Tangible assets Current asselsllliaknlities) 987 140,704 987 236.279 95,575 141.691 95.575 237,266 21 Related party tran5actlons Travel expenses in relation to the Games and other meetings during the year were incurred ¢)n behaw of Trustees at a cost of $15,06312023- $24,193}. During the year services lotalling $6,938 12023.. $nil) were charged by three family members of the CEO. K Reryard, lo the Charity for work undertaken on the RFit For Life translation proiecl as part of the IT8 Med sponsorship. -22-