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2024-12-31-accounts

C World ) Physiotherapy 2024 Annual review •v

OUR PURPOSE

OUR

VISION

To represent physiotherapy across the globe, advancing our profession and advocating access for all, to improve health and wellbeing

Everyone has universal access to quality physiotherapy services where and when needed.

OUR STRATEGIC PILLARS

WHO WE ARE

Founded in 1951, the World Confederation for Physical Therapy (WCPT) is the sole international voice for physiotherapy. In 2020 we rebranded as World Physiotherapy and now represent more than 600,000 physiotherapists through 129 member organisations.

WCPT operates as a non-profit organisation and is registered as a charity in the UK.

Evolving and sustainable

World Physiotherapy is a mature, financially sustainable organisation, with a tailored member offering that supports and builds the capacity of our member organisations and regions.

Influence and reach

World Physiotherapy works collaboratively with our member organisations, regions, specialty groups, and other stakeholders to advance the profession, increase access to physiotherapy services, and improve outcomes for consumers.

Knowledge connector

World Physiotherapy supports effective advocacy and evidence informed best practice by connecting member organisations, regions, specialty groups, and other stakeholders to high quality sources of knowledge, data, and insights.

OUR VALUES

Connecting

We bring our community together through our member organisations, regions, specialty groups, and the wider physiotherapy profession.

Belonging

We recognise and embrace the diversity in our community and our actions create a sense of belonging.

Empowering

We support our member organisations, regions, and specialty groups in the service of others to create lasting change and impact.

Collaborating

We partner with our member organisations, regions, specialty groups, and others who share our values and objectives.

Contents

Contents
President's message 1
Executive summary 2
Evolving and sustainable 3
Influence and reach 10
Knowledge connector 13
Governance 18
Financial review 23

President's message

As president of World Physiotherapy, I am proud to present this annual review for 2024–2025, a year that has been marked by resilience, innovation, and an unwavering commitment to advancing global physiotherapy. Our collective achievements during this period reflect the strength and solidarity of our global community as we continue to promote better health outcomes through physiotherapy worldwide.

As we reflect on another transformative year for our global community, I am personally struck by both our collective achievements and the accelerating technological revolution reshaping health physiotherapy delivery systems worldwide. While our 75th anniversary in 2026 represents an important milestone in our history, our immediate focus must be on navigating the profound technological shifts redefining physiotherapy practice and presenting unprecedented opportunities for our profession.

This year, our focus remained on expanding our global influence and supporting our member organisations across diverse regions. Through strategic advocacy, we have strengthened physiotherapy’s role in global health policy, notably through active engagement with the World Health Organization, World Health Professions Alliance, World Rehabilitation Alliance. These efforts have elevated the visibility of our profession and ensured physiotherapy is increasingly recognised as essential to universal health coverage and the delivery of primary health care.

We as a global community have continued to foster capacity building through regional support initiatives, targeted webinars, and leadership development opportunities. Our work in education and workforce development has laid the foundation for future physiotherapists to meet evolving healthcare demands. Moreover, our commitment to research and evidence-informed practice remains strong, as we supported collaborative research efforts and the dissemination of knowledge through our platforms.

Sustainability and equity have also been central themes this year. Our actions have reflected our deep commitment to inclusive practice and environmental stewardship, with an appreciation and guidance of our members towards our approach to equity, diversity, and climate-responsible health care, the launch of new frameworks guiding our approach to equity, diversity, and climate-responsible health care. We continue to embrace digital transformation, using technology to strengthen our communications and operations, and to bring our global community closer together through virtual engagement and online learning formats.

I extend my heartfelt gratitude to our member organisations, volunteers, board members, regional executive committees, and the World Physiotherapy staff. Your dedication and collaboration have made these accomplishments possible. Together, we have faced challenges with determination and seized opportunities with innovation, ensuring that physiotherapy continues to be a vital force in global health.

Before concluding, I want to sincerely thank Tracy Bury for stepping in as interim CEO during this transition period. Her steady guidance has been invaluable as we conducted our search for the next CEO, which concluded with the appointment of Sidy Dieye in April 2025.

Looking ahead, we are inspired by the progress we have made and remain resolute in our mission to support our members, promote excellence in physiotherapy, and improve health outcomes worldwide.

I am confident that our shared vision and values will guide us into another successful year.

With appreciation and optimism,

Michel Landry President

1 World Physiotherapy Annual review 2024 World Physiotherapy Annual review 2020 Executive summary

Executive summary

As we reflect on 2024, World Physiotherapy stands at a critical juncture one defined by resilience, global collaboration, and a renewed sense of purpose. This past year has underscored our organisation’s enduring role as a unifying force across the global physiotherapy community, navigating through complex geopolitical, economic, and professional landscapes.

Our member organisations have remained at the heart of everything we do. With 129 members representing over 600,000 physiotherapists globally, we welcomed new associations from Andorra, China, Paraguay, and Poland. These changes highlight the dynamic nature of our global network and our commitment to inclusivity and professional excellence.

In 2024, we deepened engagement through key initiatives: we delivered 14 regional webinars to nearly 4,000 participants, advanced our leadership development programme, and strengthened advocacy efforts across multiple regions to support organisations facing conflict and economic instability. We continued to champion direct access to physiotherapy and addressed critical policy challenges related to education, workforce development, and professional regulation.

Our influence expanded through new partnerships and impactful global programmes. The Tajikistan clinical education project, our leadership in the World Rehabilitation Alliance, and the development of initiatives in French-speaking and Portuguese-speaking countries/territories in Africa demonstrates our sustained investment in capacity building and professional development where it is most needed. We also maintained a strong presence at international events, contributing to key WHO and WHPA policy dialogues.

Knowledge-sharing remained a cornerstone of our strategy. The launch of our continuing professional development event recognition service, ongoing accreditation efforts, and our expanding congress archive ensured that physiotherapists continue to have access to high-quality learning and research resources. The success of our leadership programme with 94% of participants rating it excellent or good reinforces the impact of peer-led, reflective education.

Operationally, 2024 was a transition year. We navigated staff changes, including my appointment as chief executive officer, and introduced new systems to enhance efficiency and transparency. Financially, we performed better than forecast for a non-congress year, driven by increased accreditation income and prudent cost management. This positions us for a strong 2025, with our congress in Tokyo expected to generate a surplus and deliver a landmark event for the profession.

Looking ahead, we are preparing to mark World Physiotherapy’s 75th anniversary in 2026 and to host our next general meeting and congress in Guadalajara in 2027. These milestones will serve not only as moments of celebration but as catalysts for deeper unity and innovation.

As we move forward, our focus will remain on driving excellence and innovation in physiotherapy worldwide. By leveraging our global network, we aim to address emerging challenges, including the integration of digital health technologies and the growing demand for rehabilitation in ageing populations. Collaborative research initiatives and strategic alliances will pave the way for groundbreaking discoveries and practices that will shape the future of the profession.

At the heart of our work lies an unwavering dedication to advancing equity in healthcare. We will continue to advocate for the underserved, ensuring that physiotherapy services reach vulnerable communities in every corner of the globe. By fostering inclusivity and encouraging diverse perspectives, we strive to build a profession that is both unified and resilient.

As we approach these upcoming milestones, we invite all stakeholders to join us in building a vision for the future: one where physiotherapy is universally recognised not just as a treatment option but as a transformative force in enhancing quality of life. Together, we are not just adapting to change; we are leading it.

Thank you to our dedicated staff, volunteers, consultants, and board members and most importantly, to our member organisations for your unwavering support. Together, we continue to demonstrate that physiotherapy is an essential pillar of global health, and that through shared purpose and action, we are stronger.

Sidy Dieye Chief executive officer

2 World Physiotherapy Annual review 2024 World Physiotherapy Annual review 2020 Executive summary

Evolving and sustainable

World Physiotherapy is a mature, financially sustainable organisation, with a tailored member offering that supports and builds the capacity of our member organisations and regions.

Engaging with members

More than 83 physiotherapists from member organisations in 50 countries/territories contributed to our committees, expert groups , and other business areas during 2024 – demonstrating the role and importance of memberled activities and how World Physiotherapy harnesses and builds engagement with its member organisations. Sharing a diversity of perspectives and experiences and collaborating on a voluntary basis, these physiotherapists helped develop and shape our policies, governance, and other activities across different business areas.

These physiotherapists came from member organisations in Argentina, Australia, Austria, Barbados, Belgium, Benin, Bosnia and Herzegovina, Brazil, Canada, Chile, Colombia, Ecuador, Ethiopia, Finland, Germany, Ghana, Greece, Guatemala, Hong Kong, India, Ireland, Israel, Italy, Jamaica, Japan, Kenya, Korea, Lebanon, Mexico, Morocco, Myanmar, Netherlands, New Zealand, Nigeria, Norway, Philippines, Rwanda, Singapore, Saint Lucia, South Africa, Spain, Taiwan, Tanzania, Togo, Trinidad and Tobago, Uganda, United Arab Emirates, United Kingdom, United States, Vietnam

We have continued to build engagement with member organisations and individual physiotherapists.

83+ contributors

50 countries/territories

Voluntary collaboration

Committees and expert groups

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World Physiotherapy Annual review 2024

EVOLVING AND SUSTAINABLE

Membership

The following associations were formally admitted to membership on 1 January 2025:

The following associations formally ceased membership on 31 December 2024:

“

This achievement represents a significant milestone for the physiotherapy profession in Andorra and reaffirms our commitment to excellence and the continued development of our practice.

“Being part of this prestigious international organisation gives us the opportunity to collaborate with colleagues from around the world, share knowledge and experiences, and contribute to the global advancement of physical therapy."

Meritxell Agromayor Santure, Collegi oficial de fisioterapeutes d'Andorra/Official Professional Association of Physiotherapists of Andorra president

129

As of 1 January 2025, we had 129 member organisations, representing more than 600,000 physiotherapists.

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World Physiotherapy Annual review 2024

EVOLVING AND SUSTAINABLE

Regions

We provide operational support to four of our five regions: Africa, Asia Western Pacific, North America Caribbean, South America. Our Europe region has its own support services.

Regional activities have included:

regular contact between the chairs of the regions and staff

successful regional webinar series for five regions

successful general meetings, congresses, and educational events for five regions

14 regional webinars between January and December 2024

3,760 attendees at webinars

In the first quarter of 2025, Asia Western Pacific and North America Caribbean regions held their first webinars of the year. Attendees at these webinars received a certificate of 1.0 hour of CPD using the

World Physiotherapy CPD recognition service , and this will be rolled out to webinars in other regions.

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EVOLVING AND SUSTAINABLE

Regional events

May

Riga, Latvia Europe region hosted its general meeting in Riga, with key strategic discussions.

September Cape Town, South Africa Africa region held its general meeting and congress in Cape Town, South Africa.

April

Kingston, Jamaica

North America Caribbean region general meeting and education course held in Kingston, focusing on physiotherapy in emergency departments.

May

Lima, Peru

South America region general meeting and education course brought physiotherapists together in Lima.

September Bali, Indonesia

Asia Western Pacific region general meeting and congress welcomed members in Bali.

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World Physiotherapy Annual review 2024

EVOLVING AND SUSTAINABLE

Humanitarian support

During 2024 World Physiotherapy has continued to offer support to member organisations facing conflict situations and environmental disaster, including:

Advocacy

Sociedad Ecuatoriana

Asociación Peruana

Türkiye Fizyoterapistler

~~de Fisioterapia/ Ecuadorian Society of Physiotherapy:~~ provided template constitution and implementation guidelines in Spanish.

~~de Fisioterapia/ Peruvian Association of Physiotherapy:~~ attended in-person congressional meetings in Lima to advocate for the legislative bill to create a physiotherapy professional college.

~~Derneği/Turkish Physiotherapy Association:~~ provided three letters of support: 1) advocacy for direct access; 2) letter to support private physiotherapy practice regulation; 3) advocacy support letter to amend language in the Private Hospitals Regulation term for physiotherapist. An additional advocacy letter has been requested on physiotherapist interventions and is being developed collaboratively with the Europe region.

~~Jamaica Physiotherapy Association:~~ provided policy statement on direct access including case studies and annotated bibliography

~~Colegiul Fizioterapeuților din România/Order of Physiotherapists in Romania:~~ letter of support fighting greater control being granted to PMR doctors to control physiotherapy. Developed advocacy letter in collaboration with the Europe region.

~~Colegio Nacional de Fisioterapia/ AMEFI National College of Physiotherapy and Physical Therapy:~~ letter of support regarding title protection and academic programmes in physiotherapy to prevent a technical degree of physical exercise from being developed.

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EVOLVING AND SUSTAINABLE

Participants on the third cohort of the World Physiotherapy leadership programme completed the online course.

This cohort started in October 2023 and finished in September 2024. It comprised 20 participants from the leadership of World Physiotherapy specialty groups. A fourth cohort, with 30 participants from the leadership of World Physiotherapy member organisations, started the programme in October 2024 and is due to complete in September 2025.

Participants’ evaluation of the programme

87%

94%

of participants rated their overall experience with the leadership programme as excellent

of respondents rated the discussion session as excellent (67%) or good (27%)

93%

94%

of respondents rated the forum (case study presentations by participants at the end of the programme) as excellent (60%) or good (33%)

of respondents rated the online presentations and module reading material as excellent (67%) or good (27%)

All modules were rated as good/excellent with advocacy and change having the highest rate (87%) of ‘excellent’ rating and the finance module the highest proportion of ‘good’ ratings (40%)

“

From the reflective activities, I very much liked to have my own reflections reflected upon by the others, and to reflect upon the others’ reflections - opening up new perspectives as well as reassuring me that what I do with my executive board is quite okay. These activities also enhance the feeling and experience of being a part of the global network of World Physiotherapy.

“

I think the timing was good; I found it to be a good pace, neither too slow nor too fast. Why? Because I could focus on the material, participate in the session, and then forget about it for a while and then repeat the loop. Had I been constantly occupied by thinking of the course, it might have felt different in a negative way.

“

I like that the reading material is offered one month in advance so that we can prepare ourselves when we have a chance. I very much like the online presentations of the experts, making the material come alive with their experiences. And great with the transcripts in multiple languages making it easier to go back and recap on parts. And I like the links to a select and relevant amount of complementing material.

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EVOLVING AND SUSTAINABLE

Annual membership census

In 2024 the annual membership census (AMC) was sent to 125 member organisations, of which 120 responded, representing a 96% response rate.

A global report, five regional reports, and individual member organisation reports were produced and published on our website in early 2025.

The AMC regional reports included case studies from World Physiotherapy member organisations in Colombia, Ethiopia, Guyana, Korea, and Slovenia that demonstrate how the global profession is evolving and developing around issues including education, leadership, rehabilitation.

Communications

We have continued to build our engagement with member organisations and individual physiotherapists, producing materials in different languages to reach key audiences and increasing the number of people who subscribe to our monthly eNews and Congress News to almost 30,000.

Followers on social media

108,876 20,355 33,854 34,856

In November 2024, we launched a social media profile on Blue Sky and now have more than 600 followers.

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Influence and reach

World Physiotherapy works collaboratively with our member organisations, regions, specialty groups, and other stakeholders to advance the profession, increase access to physiotherapy services, and improve outcomes for consumers.

Projects and programmes

A two-year grant of €200,000, commencing 1 January 2025, was secured in October 2024 from Else Kröner-Fresenius-Stiftung (EKFS) to enhance clinical education in Tajikistan. The Tajikistan Clinical Education Project, funded by EKFS, was launched in February 2025.

The Strengthening Rehabilitation Services in Health Systems (SRSH) project in Tajikistan, supported by USAID, concluded in November 2024. A one-year extension with a $100,000 budget for World Physiotherapy was granted but later suspended following an executive order by the new US president halting all US grants.

In collaboration with Kyrgyzstan’s Ministry of Health, World Federation of Occupational Therapists (WFOT), Serve. Teach. Learn. Innovate. (STLI), UNICEF, and other local stakeholders, World Physiotherapy has initiated a stakeholder meeting to discuss physiotherapy and occupational therapy education in Kyrgyzstan. The meeting is due to take place in April 2025 in Bishkek.

In February 2025, Ordem dos Fisioterapeutas/Order of Physiotherapists, our member organisation in Portugal, and World Physiotherapy finalised the framework for the Países Africanos de Língua Oficial Portuguesa (PALOP)/African Countries of Portuguese Official Language project, which aims to support the development of the physiotherapy profession in Portuguese-speaking countries/territories in Africa.

World Physiotherapy is also developing the Projet d’Education en Réadaptation pour l’Afrique Francophone (PERAF)/Rehabilitation Education Project for Francophone Africa project, a collaboration among ICRC, World Physiotherapy, and Human Studies to enhance physiotherapy and prosthetics and orthotics education and services in French-speaking countries/territories in Africa.

We continue to pursue opportunities to advance programmes in the South/Central America area. A gap analysis is planned for June 2025 focusing on El Salvador, Guatemala, Honduras, Mexico, Nicaragua, Panama.

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World Physiotherapy Annual review 2024 World Physiotherapy Annual review 2020 Sharing knowledge

INFLUENCE AND REACH

Global leadership and influence

Our contribution to thought leadership and global influence has been recognised in a number of different ways during 2024.

Statements in collaboration with our partners were delivered in the following WHO meetings:

WHPA

As part of World Health Professions Alliance (WHPA) delivered and supported joint statements on strengthening rehabilitation in health systems and strengthening WHO preparedness for and response to health emergencies before the World Health Assembly and WHO executive board.

Other WHPA activities included:

supporting the launch of a strategy calling for the health professions and key stakeholders to work together towards sustainable health workforces and strengthened health systems at a reception to mark WHPA’s 25th anniversary in May 2024 in Geneva

to mark Universal Health Coverage Day on 12 December 2024, we released two statements outlining calls for governments to invest in health professionals in order to progress towards universal health coverage.

WHO 77th World Health Assembly 28-31 May 2024

statement on: global health and peace initiative

joint statements on: intergovernmental negotiating body to draft and negotiate a WHO agreement on pandemic prevention, preparedness and response

World Rehabilitation Alliance

Founded in 2023 the World Rehabilitation Alliance (WRA) is a WHO global network of stakeholders whose mission is to support the implementation of the Rehabilitation 2030 Initiative through advocacy activities. It focuses on promoting rehabilitation as an essential health service that is integral to Universal Health Coverage and to the realisation of Sustainable Development Goal 3 Ensure healthy lives and promote well-being for all at all ages.

World Physiotherapy is contributing to WRA workstreams (Emergencies, Primary care, Research, Workforce), taking part in WRA’s member survey which has aligned processes and fostered collaboration between the workstreams. Individual working groups are developing advocacy materials related to rehabilitation which can be used and amplified by individual organisations. These are available via the WRA website and other channels.

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Promoting physiotherapy

Michel Landry, World Physiotherapy president, gave keynote presentations or spoke at a number of in-person and online events, including:

Suh-Fang Jeng, World Physiotherapy vice president, was presented with the Lily Huang Award – the highest honour for Taiwanese physiotherapists.

The award recognises Suh-Fang’s long-term devotion and enthusiasm for the profession in Taiwan and around the world. The presentation of the award took place at the /Taiwan Physical Therapy Association annual meeting on 23 March 2024.

Suh-Fang Jeng, World Physiotherapy vice president, gave keynote presentations or spoke at a number of in-person and online events, including:

• In-person for[/] Japanese Physical Therapy Association

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Knowledge connector

World Physiotherapy supports effective advocacy and evidence informed best practice by connecting member organisations, regions, specialty groups, and other stakeholders to high quality sources of knowledge, data, and insights.

CPD event recognition service

World Physiotherapy launched a CPD event recognition service for providers of continuing professional development (CPD) in October 2024.

The service uses a peer review process to ensure submitted events meet World Physiotherapy CPD quality requirements. Each event is awarded World Physiotherapy continuing education units (CEUs), on the basis of one CEU for one hour of learning.

The CPD event recognition service will help advance the profession by offering CPD providers a mechanism for quality assurance. The service will increase access to quality CPD opportunities for physiotherapists and physiotherapist assistants throughout their careers.

Congress archive

Our congress archive, launched in early 2023, includes freely available open access recordings of sessions and presentations, videos of opening and closing sessions, ePosters, abstract presentations – and more. Content from future congresses will be added to the archive.

Education

The education committee advises on relevant World Physiotherapy services, projects, and activities.

The education committee continues to provide:

13 World Physiotherapy Annual review 2024

Accreditation

“

World Physiotherapy accreditation of the BSc. in physiotherapy programme at Qatar University is a historic milestone, demonstrating the programme’s alignment with international standards. For Qatar, this accreditation strengthens its position as a regional leader in healthcare education, ensuring that graduates are trained to global standards. It also reassures patients, employers, and policymakers that Qatar is producing highly competent physiotherapists, ready to meet the growing demand for rehabilitation services. For Qatar University, as the nation’s only BSc physiotherapy entry-to-practice programme, this accreditation serves as validation of the programme’s rigorous curriculum, cutting-edge facilities, and strong clinical training framework.

The accreditation service undertook seven site visits in 2024: five in China, one in Colombia, and one in Qatar. Planned site visits to Lebanon and Jordan remained on hold due to conflict in the region.

Linzette Morris, department head of rehabilitation sciences, Qatar University

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World Physiotherapy Annual review 2024

A model for remote site visits is being developed by staff for use in countries/territories affected by conflict and/or public health emergencies to ensure continuity of the accreditation service.

In 2024, the accreditation committee agreed to grant accreditation status to three physiotherapy entry level education programmes. One programme was accredited for the first time, Binzhou Medical University in China, and two were reaccredited, Shanghai University of Traditional Chinese Medicine in China and Rosario University in Colombia. This brings the total number of programmes accredited by World Physiotherapy to 22.

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Since first obtaining conditional accreditation in 2019, the physical therapy programme at Tongji University has made continuous and significant progress. Following full accreditation in 2021 and successful re-accreditation in 2024, this World Physiotherapy accreditation journey has consistently driven improvements in the quality of our education. Adhering to World Physiotherapy’s educational standards framework, we have actively incorporated invaluable suggestions from World Physiotherapy accreditation experts, continuously pushed forward teaching reforms and innovations, integrated and optimised teaching resources, strengthened faculty team development, and refined our quality control mechanisms.

Xia Shen, head of programme at Tongji University in China

Research priorities study

We launched a research priorities study in December 2024.

Concept mapping was used to gain insights into research priorities on professional issues, beyond clinical practice. World Physiotherapy will use the final list of research priorities to make strategic decisions regarding future research and disseminating research activities to the global community.

Information sessions on the project were held in early January 2025 in English, French, and Spanish. Interested participants have completed both phases of the study and initial insights from the study will be shared at World Physiotherapy Congress 2025 in Tokyo in May 2025.

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KNOWLEDGE CONNECTOR

Final numbers

Over 4,500 registrations from more than 100 countries/territories 14 concurrent sessions over three days over 2,500 abstracts

over 370 reviewers from 60 countries/territories 53% of speakers are women 23 focused symposia 13 discussion sessions 12 clinical seminars (new for 2025!) 27 networking sessions over 50 idobata sessions 22 clinical visits 62 exhibitors 39 bursary recipients

World Physiotherapy Congress 2025, 29-31 May 2025, brought together physiotherapy professionals from around the world in Tokyo, Japan.

As the largest international gathering in the field, the congress featured a diverse programme of cutting-edge research, clinical advances, and global health discussions, alongside interactive sessions and networking opportunities. Hosted in a dynamic city blending tradition with innovation, the congress provided a platform for knowledge exchange, collaboration, and opportunities to advance physiotherapy practice worldwide.

Onsite the congress offered an engaging experience designed to foster learning, develop wellbeing, and build global connections. In addition to the scientific programme, participants were able to take part in a Radio Taiso session on 29 May, a popular morning exercise routine in Japan that promotes movement and cultural exchange.

The welcome reception provided an opportunity for participants to connect in an informal setting, helping build professional relationships from the outset. The healthy living area in the exhibition hall focused on rehabilitation, self-care, and wellness, offering hands-on demonstrations .

The scientific programme, supported by the range of onsite activities, offered a well-rounded and memorable congress with opportunities for networking, sharing experiences, building connections, and enhancing cultural awareness for all participants.

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World Physiotherapy Annual review 2024

KNOWLEDGE CONNECTOR

The materials were translated into 40 languages, and we received activity reports from physiotherapists in 20 countries/territories, including member organisations in Jordan, Kuwait, Macau, Vietnam, and Yemen.

The theme for World PT Day 2024 was low back pain.

With more than 4,500 views, the news story announcing publication of the materials was the most accessed page on our website

With almost 30,000 views, the toolkit webpage was the second most visited page on our website

The theme for 2025 is healthy aging with a focus on falls and frailty, and the materials will be available by mid-2025.

17 World Physiotherapy Annual review 2024 World Physiotherapy Annual review 2020 Governance

Governance

Structure, governance, and management

In 2020, WCPT changed its operating name to World Physiotherapy. This change was part of a rebrand and has been implemented across all externally facing platforms and materials. WCPT continues to be used for all governance and financial matters.

World Physiotherapy is an unincorporated international professional association founded in 1951. The organisation’s objectives, membership and governance structures are contained in the constitution, which was approved at the 19th general meeting of member organisations, held in Geneva, 8-9 May 2019, which replaced the Articles of Association.

At the general meeting in 2023, the member organisations approved the process to transition from an unincorporated organisation to a charitable incorporated organisation (CIO). To that end, a new CIO in the name of World Physiotherapy was registered on 13 March 2024 with the Charity Commission for England & Wales (charity number 1207425). Permission has been given by the Charity Commission to transfer the business of the unincorporated charity to the CIO. Once the members of WCPT approve the final constitution of the CIO, and give permission for the trustees to effect a transfer, the process can be completed. (Note that all instances of World Physiotherapy in this document refer to WCPT (the charity) and not the CIO. The CIO is not currently trading and only holds a small amount of cash in the bank account.

The board held an extraordinary general meeting (EGM) on 30 October 2024 to:

A quorum was not reached to proceed;

with the EGM of 104 voting delegates who had registered to attend, only 64 attended when a quorum of 84 was required. The board is reviewing options.

The trustees confirm that, during 2024, World Physiotherapy has complied with the provisions of the constitution and current statutory requirements applicable to charities. The trustees also confirm they have had regard to guidance issued by the Charity Commission as to operation of the public benefit requirement.

World Physiotherapy has a subsidiary limited company, which exists to collect costs and income for congress events held every two years. It was incorporated on 7 December 2012 and is registered at Companies House for England & Wales, with a registration number of 08322671.

The business of World Physiotherapy is conducted through the general meeting of member organisations, executive board, regions, and specialty groups (previously referred to as subgroups). The World Physiotherapy executive board (the board) is the charity’s board of trustees.

World Physiotherapy’s general meeting of member organisations is held every four years.

The meeting approves changes to the constitution, elects the president and vice president, names the members of the board, admits member organisations, approves subscription rates, approves professional policy statements, and considers motions submitted by member organisations.

The board usually meets in-person at least annually and by teleconference as necessary to define the strategic

plan and areas of activity for World Physiotherapy. It considers investment, reserves, and risk management, and approves the annual budget, policies, and performance. During 2024 the board held seven teleconferences and one in-person meeting.

The charity’s plans for the future includes holding a congress in 2025, planning for a general meeting and congress in 2027, developing projects in Africa, central America, and central Asia, and continuing to support member organisations and their members across a range of activities and events.

World Physiotherapy does not meet any of the criteria for fundraising disclosure under the Charities (Protection and Social Investment) Act 2016. Therefore, no disclosure will be made.

World Physiotherapy’s executive board is elected by World Physiotherapy member organisations and consists of the president, vice president, and a member from each region. The president and vice president are elected at the World Physiotherapy general meeting held every four years. Regional executive board members are elected by their region. All new board members are invited to participate in an induction process on commencement. Current board members and staff are encouraged to participate so there is a shared understanding of roles and responsibilities. The following committees are responsible for specific areas of World Physiotherapy’s activities: accreditation, appeals, awards, congress programme committee, education, finance, membership.

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GOVERNANACE / EXTERNAL

The day-to-day administration and management of World Physiotherapy is delegated to the chief executive officer.

Trustees

Michel Landry President

Suh-Fang Jeng Vice president

Stacy de Gale

Jean Damascene Gasherebuka

Chief executive officer

Jonathon Kruger until May 2024

Tracy Bury interim chief executive officer from May 2024

Bankers

Bank of Scotland plc 33 Old Broad Street, London EC2N 1HZ

HSBC

The Peak, 333 Vauxhall Bridge Road, Victoria, London, SW1V 1EJ

Karim Martina Alvis Gómez

Nirit Rotem

Yasushi Uchiyama

Solicitors

Russell-Cooke LLP 8 Bedford Row, London, WC1R 4BX

Auditor

Investment managers

CCLA Investment Managers One Angel Lane, London, EC4R 3AB

Rathbones Group Plc 8 Finsbury Circus, London EC2M 7AZ

James Cowper Kreston 1–4 Cumberland Place, Southampton, SO15 2NP

External relations

World Physiotherapy is in official relations with the World Health Organization (WHO) and has consultative status with the United Nations Economic and Social Council (ECOSOC) and United Nations Children’s Fund (UNICEF).

Since 2010 World Physiotherapy has been a member of the World Health Professions Alliance (WHPA), comprising the International Council of Nurses (ICN), the International Pharmaceutical Federation (FIP), the World Dental Federation (FDI), and the World Medical Association (WMA).

World Physiotherapy has Memorandums of Understanding with World Health Organization (WHO), Humanity & Inclusion (H&I) and the International Committee of the Red Cross (ICRC).

World Physiotherapy is a founding member of the World Rehabilitation Alliance which commenced in June 2023, with the aim of being a powerful advocacy platform to further the development of rehabilitation around the world.

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World Physiotherapy Annual review 2023

MEMBERSHIP

Membership

World Physiotherapy member organisations are the national professional associations representing physiotherapists.

During 2024, applications for membership were received from four national physiotherapy professional associations. An electronic vote took place, and four associations were formally admitted as member organisations from 1 January 2025 – bringing the total number of member organisations to 129, representing more than 600,000 physiotherapists worldwide.

Each member organisation has the right to be represented at the general meeting.

Regions are five geographic groupings of member organisations: Africa, Asia Western Pacific, Europe, North America Caribbean, and South America. Regions exist to assist the development of the profession in the geographic area.

Regions have the right to send a delegate to the general meeting, but these delegates do not have a right to vote.

Specialty groups are international physiotherapy organisations, which represent a specific area of professional interest and meet World Physiotherapy criteria for specialty group recognition. They are independent entities. They promote the advancement of physiotherapy in their field and are organised to exchange scientific knowledge.

Upon application, they are approved as a specialty group by the board and confirmed by the general meeting. They are reconfirmed at each successive general meeting.

There are currently 14 specialty groups recognised by World Physiotherapy.

Specialty groups have the right to send a delegate to the World Physiotherapy general meeting, but these delegates do not have a right to vote.

World Physiotherapy has two networks:

These networks support the exchange of ideas, experience and expertise among individual physiotherapists across social media platforms.

20

World Physiotherapy Annual review 2024

EVOLVING AND SUSTAINABLERISKS

Risks

The trustees have reviewed the major risks to which World Physiotherapy is exposed and have established systems to mitigate those risks.

This risk management framework defines World Physiotherapy processes for managing risk including the implementation, monitoring, reviewing, and improvement of risk management. World Physiotherapy maintains separate risk registers for World Physiotherapy and WCPT Trading Ltd.

The key risks facing World Physiotherapy and the process in place to manage these risks:

1. Membership: concerns regarding non-renewal of membership or nonpayment of fees are addressed by the strategic plan and ongoing membership engagement activities.

2. Membership: concerns regarding member organisations not complying with membership requirements are addressed by the 2019 constitution.

3. Governance: concerns regarding executive board members acting outside of their delegation are dealt with by the executive board governance framework. The governance framework documents the required practices and procedures related to the board and committees, these include:

The key risks facing WCPT Trading Ltd and the process in place to manage these risks:

1. Congress income: there is a risk that participant numbers and/or exhibition/sponsor income falls short of budget, posing risk of financial loss to World Physiotherapy. This risk is managed by conservative budgetary management grounded in available data as well as industry insights.

2. Currency fluctuations: there is a risk that major changes in exchange rates after charges/budget is set will result in a financial loss to World Physiotherapy. This risk is managed through the appointment of a foreign currency adviser and regular conversion of foreign currency balances to sterling.

21 World Physiotherapy Annual review 2024

OBJECTIVES AND ACTIVITIES

Objectives and activities for the public benefit

World Physiotherapy’s purpose is to represent physiotherapy across the globe, advancing the profession, and advocating access for all, to improve health and wellbeing.

As the international voice of physiotherapy, World Physiotherapy’s vision is for everyone to have universal access to quality physiotherapy services where and when needed.

The board determines the priorities within the strategic plan, within the resource constraints of World Physiotherapy, and continually reviews these priorities considering changing circumstances. The trustees, having due regard to guidance issued by the Charity Commission, confirm that World Physiotherapy complies with the public benefit requirement in section 4 of the Charities Act 2011.

Salary banding

Remuneration policy for key management personnel

Salaries for all current posts, other than the chief executive officer, will fall within a salary band, based on the skills required for the role, the responsibility of the role, and the experience of the person. Each year the trustees will consider awarding a cost of living adjustment for all staff when setting the following year’s annual budget.

World Physiotherapy is committed to ensuring a proper balance between

This increase is to reflect changes in the cost of living and is entirely at the discretion of the trustees. The trustees’ considerations will take into account economic forecasts for the rate of inflation, as well as the general employment market. They will then determine whether this is appropriate in the context of the charity’s financial situation and the charity’s performance.

World Physiotherapy provides a public benefit by providing a range of support and services for member organisations and their members to further the global physiotherapy profession and improve global health through advocacy, education, projects, and events.

Future plans

Plans for the future include holding our congress in Tokyo, Japan, in May 2025, and planning for our general meeting and congress in Guadalajara, Mexico, in 2027.

Plans to mark our 75th anniversary in 2026 are being considered by the board.

We will be continuing with our development work in Africa and central Asia, explore new opportunities in South America, and continuing to support our member organisations and their members with a range of activities and events.

22 World Physiotherapy Annual review 2024 World Physiotherapy Annual review 2020 Financial review

Financial review

2024 was a year of significant change, as key members of the staff team left, including the CEO. In addition, new processes and systems were introduced, such as a new accounting system, and bringing the congress registration system in-house, rather than outsourcing.

Income for the year was better than budget, through a growth in accreditation income; strong returns on investments; as well as an improved return on cash balances.

Cost savings, in particular for staff and travel expenses, meant that expenditure was under budget. In total, the losses for 2024, which were anticipated as it was a non-congress year, were almost half of the budgeted amount.

The group balance sheet at the end of the period shows a healthy level of cash and investments The group is forecast to make a surplus in 2025 as a result of congress in May.

The statement of financial activities for 2024 shows a net deficit of £98,066 and the balance sheet shows total net assets of £690,682 as at 31 December 2024. This reduction in net assets results primarily from the operational expenditure of the charity exceeding income in the year.

The following table separates the Charity and Trading entities income and expenditure to show their individual performance.

Financial year 2024

Charity
Trading
Consolidated
£
£
£
Income
1,204,327
-
1,204,327
Expenditure
1,113,792
217,166
1,330,958
Gain/(loss) on
investments
28,565
-
28,565
Net
119,100
(217,166)
(98,066)

World Physiotherapy’s charitable activities are funded through annual membership subscriptions, charitable grants and donations as well as the transfer of the taxable profits of the trading subsidiary.

The membership subscription rate is set at the general meeting of member organisations. The rate for 2024 was an increase of 2% on the previous year, namely £1.65per member of each member organisation in high-income countries/territories; £1.24 per member in middle-income countries/territories; and £0.83 per member in low-income countries/territories.

WCPT Trading Ltd manages the congress operations, which take place every second year. The congress in Tokyo, Japan, in 2025, is budgeted to make a surplus.

Group income was £1,204k for 2024, of which member organisation fees were £954k.

Investments showed an overall gain of £28.5k in the year, compared to an unrealised gain of £3.5k in 2023. We continue to monitor the investment landscape and to make commitments to the long term allocation of funds where it is considered appropriate.

Funds held as an agent

During the year the charity acted as an agent for the Global Rehabilitation Alliance (GRA), facilitating their administration. At the end of 2022 the activities of GRA were paused, as the World Health Organization (WHO) started a new group, World Rehabilitation Alliance (WRA).

The WRA is funded by WHO and has taken over the work of the GRA.

The charity is holding the GRA funds as an agent until the future of WRA/GRA has been agreed. At the end of the year, a balance of £15,710 remained held as an agent and is included in other creditors.

Investment policy and performance

The trustees invest World Physiotherapy‘s funds, which are in excess of current cash flow requirements, with the objective of preserving the real value of capital, as well as for income generation.

During 2024 new investments were made in:

The trustees continue with a policy of holding and, whenever possible, increasing investments for the long term. The market continues to be subject to volatility and the outlook remains uncertain.

23 World Physiotherapy Annual review 2024

FINANCIAL REVIEW

Change of charitable structure

A charitable incorporated organisation (CIO) was registered by the trustees with the Charity Commission on 13 March 2024. The name of the CIO is World Physiotherapy, charity number 1207425. This new entity will remain dormant until a future date to be agreed by the members of World Confederation for Physical Therapy, upon which assets will be transferred from WCPT to the CIO, and the charity will continue to operate through the CIO

Post balance sheet events

There were no notable post balance sheet events.

Other disclosures

World Physiotherapy does not meet any of the criteria for fundraising disclosure under the Charities (Protection and Social Investment) Act 2016. Therefore, no disclosures have been made.

Going concern

The trustees prepared the financial statements on the going concern basis after assessing the likelihood and scale of various key risks which could affect income and expenditure.

Reserves

The purpose of the unrestricted funds is to mitigate the risk of unforeseen expenditure or a temporary reduction in income.

World Physiotherapy reviews reserves on an annual basis at the time of setting the budget. This involves a risk-based assessment of factors likely to reduce income or increase expenditure. A reserves review would also be undertaken in the event an unexpected material financial occurrence.

WCPT Trading Ltd is expected to be profitable in the long term and all distributable profits made are donated to the charity.

World Physiotherapy reviews the target level reserves each year and was set at £450k in September 2023. The free reserves (defined as unrestricted reserves less the value of fixed assets) as at 31 December 2024 were £682k, which is above the reserves target. In addition, it is expected that the reserves will increase during 2025 as a result of a profit from the congress in Tokyo. The trustees remain content that the level of reserves remains appropriate.

The group held cash balances of over £1,943k at the end of February 2025, as well as investments valued at more than £735k.

Much of the expenditure relating to congress in May 2025 has either been paid, or else are subject to a contractual obligation. It is possible that not all the planned income for congress will come to fruition. If this proved to be the case, the group has sufficient investments and cash balances to be drawn upon as required.

The trustees remain confident in the ongoing financial viability of World Physiotherapy, for at least the next 12 months following the date of signature on the financial statements.

This report was approved by the trustees on 28 July 2025 and signed on their behalf by:

..............................................................................................

Mike Landry President

24 World Physiotherapy Annual review 2024 World Physiotherapy Annual review 2020 Financial review

FINANCIAL REVIEW

Statement of trustees’ responsibilities in relation to the financial statements

The trustees are responsible for preparing the trustees’ annual report and the financial statements in accordance with applicable law and UK accounting standards (UK generally accepted accounting practice).

The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing the financial statements, the trustees are required to:

• prepare the financial statements on the going concern basis, unless it is inappropriate to assume that the charity will continue its activities.

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the governing document. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Auditor

The charity’s auditor, James Cowper Kreston, was appointed by the executive board in May 2024.

Approval

This report was approved by the trustees on 28 July 2025 and signed on their behalf by:

----- Start of picture text -----
..............................................................................................
Mike Landry
President
----- End of picture text -----

25 World Physiotherapy Annual review 2024

FINANCIAL REVIEW

Independent auditor’s report to the trustees

Opinion

We have audited the financial statements of World Confederation of Physical Therapy for the year ended 31 December 2024, which comprise the consolidated statement of financial activities, consolidated and charity balance sheet, consolidated statement of cash flow and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

give a true and fair view of the state of the group’s and the parent charity’s affairs as at 31 December 2024 and of the group’s income and expenditure, for the year then ended;

have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

have been prepared in accordance with the requirements of the Charities Act 2011.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor’s responsibilities for the audit

of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s ethical standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that

the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s or the group’s ability

to continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information contained within the annual report. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements, or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

26 World Physiotherapy Annual review 2024

FINANCIAL REVIEW

Responsibilities of trustees

As explained more fully in the trustees’ responsibilities statement set out on page 25, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the group and the parent charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting, unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

We have been appointed as auditor under section 144 of the Charities Act 2011, and report in accordance with the acts and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion.

Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Details of the extent to which the audit was considered capable of detecting irregularities, including fraud and noncompliance with laws and regulations, are set out below.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: https://www.frc.org.uk/library/standardscodes-policy/audit-assurance-and-ethics/auditorsresponsibilities-for-the-audit/. This description forms part of our auditor’s report.

Extent to which the audit was considered capable of detecting irregularities, including fraud

Irregularities, including fraud, are instances of noncompliance with laws and regulations. We identified and assessed the risks of material misstatement of the financial statements from irregularities, whether due to fraud or error, and discussed these between our audit team members. We then designed and performed audit procedures responsive to those risks, including obtaining audit evidence sufficient and appropriate to provide a basis for our opinion.

We obtained an understanding of the legal and regulatory frameworks within which the charity and group operates, focusing on those laws and regulations that have a direct effect on the determination of material amounts and disclosures in the financial statements. The laws and regulations we considered in this context were the Charities Act 2011 together with the Charities SORP (FRS102). We assessed the required compliance with these laws and regulations as part of our audit procedures on the related financial statement items.

In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which might be fundamental to the charity’s and the group’s ability to operate or to avoid a material penalty. We also considered the opportunities and incentives that may exist within the charity and the group for fraud. The laws and regulations we considered in this context for the UK operations were the General Data Protection Regulations, tax and employment legislation.

Auditing standards limit the required audit procedures to identify non-compliance with these laws and regulations to enquiry of the trustees and other management and inspection of regulatory and legal correspondence, if any.

We identified the greatest risk of material impact on the financial statements from irregularities, including fraud, to be within the timing of recognition of grant and congress income and the override of controls by management. Our audit procedures to respond to these risks included review of the congress income reconciliation to bank receipts from the third party conference provider, enquiries of management, and the finance committee about their own identification and assessment of the risks of irregularities, sample testing over grant income, sample testing on the posting of journals, reviewing accounting estimates for biases, reviewing regulatory correspondence with the Charity Commission, and reading minutes of meetings of those charged with governance.

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, the further removed non-compliance with laws and regulations (irregularities) is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it. In addition, as with any audit, there remained a higher risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing non-compliance and cannot be expected to detect non- compliance with all laws and regulations.

27 World Physiotherapy Annual review 2024

FINANCIAL REVIEW

Use of our report

This report is made solely to the charity’s trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity’s trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

..............................................................................................

Michael Bath BSc FCA DChA (Senior statutory auditor)

For and on behalf of James Cowper Kreston Audit, Chartered Accountants and Statutory Auditors, 9th Floor, The White Building, 1-4 Cumberland Place, Southampton, Hampshire, SO15 2NP

14 August 2025

Date ....................................................................................

James Cowper Kreston Audit is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006

28 World Physiotherapy Annual review 2024

FINANCIAL REVIEW

Consolidated statement of financial activities for the year ended 31 December 2024

----- Start of picture text -----
2024 2023
Unrestricted Restricted Total funds Unrestricted Restricted Total funds
£ £ £ £ £ £
----- End of picture text -----

Donations and legacies
Charitable activities (note 2)
Investments income
Total
Expenditure on:
Raising funds
Charitable activities (note 3)
Total
Operational (deficit) / surplus
Gain/(Loss) on investment
assets (note 8)
Transfer between funds (note 12)
Net (expenditure)/income
and net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward		 3,292
-
3,292
5,729
-
5,729
1,094,320
106,715
1,201,035
2,249,350
167,609
2,416,959
-
-
-
2,274
-
2,274
1,097,612
106,715
1,204,327
2,257,353
167,609
2,424,962
-
-
-
684
-
684
1,231,373
99,585
1,330,958
2,424,802
180,616
2,605,418
1,231,373
99,585
1,330,958
2,425,486
180,616
2,606,102
(133,761)
7,130
(126,631)
(168,133)
(13,007)
(181,140)
28,565
-
28,565
3,543
-
3,543
7,130
(7,130)
-
54,406
(54,406)
-
(98,066)
-
(98,066)
(110,184)
(67,413)
(177,597)
788,320
428
788,748
898,504
67,841
966,345
690,254
428
690,682
788,320
428
788,748

29 World Physiotherapy Annual review 2024

FINANCIAL REVIEW

Balance sheet for the year ended 31 December 2024

Fixed assets:
Tangible assets (note 7)
Intangible assets (note 7)
Investment assets (note 8)
Total fixed assets
Current assets:
Debtors (note 9)
Cash at bank and in hand
Total current assets
Liabilities:
Creditors:amounts falling due within one year (note 10)
Net current assets
Net assets
The funds of the charity:
Restricted income fund (note 12)
Unrestricted funds (note 12)
Total charity funds		 GROUP
CHARITY
2024
2023
2024
2023
£
£
£
£
7,176
20,296
7,176
20,296
-
251
-
251
435,519
256,954
435,519
256,954
442,695
277,501
442,695
277,501
341,910
141,509
671,762
671,883
458,157
614,001
395,656
511,431
800,067
755,510
1,067,418
1,183,314
(552,080)
(244,263)
(189,032)
(258,834)
247,987
511,247
878,386
924,480
690,682
788,748
1,321,081
1,201,981
428
428
428
428
690,254
788,320
1,320,653
1,201,553
690,682
788,748
1,321,081
1,201,981

Approved and authorised for issue by the board of trustees on 28 July 2025 and signed on its behalf by:

----- Start of picture text -----
.............................................................................................. ..............................................................................................
Mike Landry Suh-Fang Jeng
President Vice president
----- End of picture text -----

30

World Physiotherapy Annual review 2024

FINANCIAL REVIEW

Consolidated statement of cash flows for the year ended 31 December 2024

Cash flows from operating activities:
Net expense for the reporting period
Adjustments for:
Depreciation
Amortisation
Loss on sale/disposal of fixed assets
Net (gain)/loss on investments
Decrease/(increase) in debtors
(Decrease)/increase in creditors
Net cash (used in)/provided by operating activities
Cash flows from investing activities:
Purchase of tangible fixed assets
Purchase of investments
Proceeds from sale of investments
Change in cash awaiting investment
Net cash used in investing activities
Change in cash and cash equivalents in the reporting period
Cash and cash equivalents at the beginning of the reporting period
Cash and cash equivalents at the end of the reporting period
Cash in hand		 GROUP
2024
2023
£
£
(98,066)
(177,597)
12,223
17,484
251
23,372
7,502
(28,565)
(3,543)
(200,401)
297,543
307,817
(366,488)
761
(209,229)
(6,605)
-
(200,000)
(250,000)
50,000
394,748
-
16,114
(156,605)
160,862
(155,844)
(48,367)
614,001
662,368
458,157
614,001
458,157
614,001

31

World Physiotherapy Annual review 2024

FINANCIAL REVIEW

Company information

The World Confederation for Physical Therapy is a registered charity in England and Wales, number: 234307. The WCPT’s registered address is Greenham Business Park, 2 Communications Rd, Newbury RG19 6AB

1. Accounting policies

1.1 Basis of accounting

The consolidated financial statements are prepared under the historical cost convention, with the exception of investment assets, which are included at market value. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (SORP FRS102), applicable to accounting periods commencing 1 January 2015, UK Accounting Standards and the Charities Act 2011. The accounts are denominated in £ sterling. The World Confederation for Physical Therapy meets the definition of a public benefit entity under FRS 102.

Going concern

The trustees have considered plans to the end of 2026, including for the congress in Tokyo in May 2025, making various assumptions about the change in numbers of member organisations, fees charges etc, and their effect on the level of reserves. A significant part of the reserves is held in cash and, if necessary, there are investments that can be converted to cash at short notice.

The trustees are satisfied WCPT is a going concern for at least the next 12 months and have prepared the financial statements on this basis.

1.2 Income and debtors

Income is recognised when the charity is legally entitled to it, receipt is probable and income can be measured with reasonable accuracy. Donations are credited to income when received. Subscription income is recognised in the year in which it entitles an organisation to be a member of the WCPT. Income in respect of events, including the congress, is recognised in the year to which it applies. Such income is shown in deferred income and is included in creditors.

1.3 Expenditure and liabilities

Liabilities are recognised as expenditure when there is a legal or constructive obligation committing the charity to the expenditure. Expenditure is accounted for on an accruals basis, inclusive of VAT which cannot be recovered. Expenditure on raising funds includes investment management fees.

Overhead and support costs, including staff costs and governance costs, have been allocated to charitable activities on the basis of staff time.

1.8 Funds

Restricted income fund

The restricted fund relates to those amounts which must be spent as income on the particular purposes specified by the donor or else by the terms of a grant or contract. These grants further the work of WCPT and support full participation in WCPT activities. The fund balance includes the Mildred Elson award, for awards to physiotherapists who have contributed significantly to the development of the profession.

Unrestricted income funds

The unrestricted (general) funds may be used at WCPT‘s discretion, in order to further the charity’s objects. These reserves have been built up to safeguard WCPT in the event of unbudgeted expenditure arising as a result of unforeseen circumstances, as well as for recognising costs which would be incurred on a winding-up of WCPT. The trustees may make transfers between the general fund and the restricted fund where appropriate.

There are no designated funds.

1.9 Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the transaction date. Exchange differences are taken into account in the statement of financial activities.

1.10 Financial instruments

Other than forward current contracts, WCPT only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value, with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. Forward contracts are revalued at fair value at the balance sheet date with gains or losses being allocated to the relevant activity heading in the statement of financial activities.

1.11 Significant estimates and judgements

The trustees do not consider that any significant estimates or judgements have been used in the preparation of these financial statements.

1.12 Congress and subsidiary company

1.4 Pension costs

The group contributes to money purchase schemes. Pension costs payable are charged to the statement of financial activities as incurred.

1.5 Operating lease

Rent and service charges payable in respect of the lease commitment for the group’s office premises are charged to the statement of financial activities on a straight line basis over the term of the lease.

1.6 Tangible and intangible fixed assets

Individual fixed assets costing £500 or more are capitalised at cost. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost on a straight line basis over their expected useful economic lives as follows:

Office furniture and equipment Computer equipment, software and website Leasehold improvements

25% - straight line basis 33% - straight line basis 33% - straight line basis

1.7 Investments

Investments are stated at market value at the balance sheet date. The statement of financial activities includes the net gains and losses arising on revaluation and on disposals during the year.

Congress is held regularly in partnership with the host member organisation. A wholly-owned subsidiary company, WCPT Trading Limited, has been incorporated to undertake congress operations. Expenditure on congress incurred by WCPT and the subsidiary is charged to the consolidated profit and loss account for the year. Income received and receivable in respect of the congress after the balance sheet date is treated as deferred income until the event has taken place.

1.13 Related party transactions

The World Physiotherapy group consists of a charity, World Confederation for Physical Therapy, registered at the Charity Commission (234307) and a limited trading company, WCPT Trading Ltd, registered at Companies House (08322671). WCPT Trading Ltd manages congress events on behalf of the World Confederation for Physical Therapy. Any accumulated distributable profits within WCPT Trading Ltd are given as a Gift Aid donation to the charity. The charity supplies staff to WCPT Trading Ltd to support the creation and running of events. As at 31 December 2024, WCPT Trading Ltd owed £640,230 to the charity.

32

World Physiotherapy Annual review 2024

FINANCIAL REVIEW

2.
Analysis of income from charitable activities
Membership subscriptions
Congress 2023
Other income
Accreditation income
Project grant income
3.
Analysis of expenditure on charitable activities
Member services
Education, practice and research
Communication
Collaboration with national and international organisations		 Direct costs
Support costs
£
£
45,306
750,569
10,021
250,190
5,665
125,095
19,017
125,095		 2024
2023
£
£
954,024
928,358
0
1,250,956
15,566
6,536
124,730
63,500
106,715
167,609
1,201,035
2,416,959
Total 2024
Total 2023
£
£
795,875
1,836,759
260,211
431,601
130,760
154,601
144,112
182,457
80,009
1,250,949		 1,330,958
2,605,418
Allocation of support costs to
activities 2024
Governance
Salaries and other staff costs
Other employment related costs
Office rental and overhead costs
Depreciation		 Total 2024
allocated
Member
services
Education
practice and
research
Communication
Collaboration
with national
and international
organisations
£
£
£
£
£
61,379
36,827
12,276
6,138
6,138
724,437
434,662
144,887
72,444
72,444
230,774
138,465
46,155
23,077
23,077
221,886
133,131
44,377
22,189
22,189
12,473
7,484
2,495
1,247
1,247
1,250,949
750,569
250,190
125,095
125,095
Allocation of support costs to activities
2023
Governance
Salaries and other staff costs
Other employment related costs
Office rental and overhead costs
Depreciation		 Total 2023
allocated
Member
services
Education
practice and
research
Communication
Collaboration
with national
and international
organisations
£
£
£
£
£
82,220
49,332
16,444
8,222
8,222
840,833
504,500
168,167
84,083
84,083
304,243
182,546
60,849
30,424
30,424
213,904
128,343
42,781
21,390
21,390
40,857
24,514
8,171
4,086
4,086
1,482,057
889,235
296,412
148,205
148,205

The basis of apportment is staff time

33

World Physiotherapy Annual review 2024

FINANCIAL REVIEW

4.
Net Income / (Expenditure)
This is stated after charging:
Depreciation and amortisation
Operating lease rental
Auditor remuneration - audit
- non audit
5.
Salaries and other staff costs
Salaries and other staff costs
Social Security costs
Pension costs
The number of employees whose emoluments during the year exceeded £60,000 were
£60,001 - £70,000
£70,001 - £80,000
£91,001 - £100,000
£110,001 - £120,000
£120,001 - £130,000		 2024
2023
£
£
12,474
40,856
54,244
71,798
20,106
15,150
2,318
2,460
89,142
130,264
2024
2023
£
£
662,077
715,470
30,299
78,729
32,059
46,635
724,435
840,834
3
3
1
1
-
-
-
1
-
-

Average number of employees during the year 13 (2023: 14). No termination payments were made.

The chief executive officer, deputy chief executive officer (2023 only), head of marketing and communications, head of finance, head of programmes and development (2024 only), and head of events, head of membership and policy are considered to represent key management personnel.

Remuneration paid to key key management personnel during the year was £426,219 (2023: £508,582).

6.
Trustees expenses and remuneration
Travel, subsistence, accomodation, professional development, expenses for seven trustees.		 2024
2023
£
£
26,203
56,655

Neither the trustees nor any persons connected with them have received any remuneration during the year

34

World Physiotherapy Annual review 2024

FINANCIAL REVIEW

7
Tangible and intangible fixed assets -
Tangible fixed assets - fixture, furniture & equipment
Cost
At 1st January
Additions
Disposals
At 31st December
Depreciation
At 1 January
Charge for year
Disposals
At 31 December
Net book value
At 1 January
At 31 December
Intangible fixed assets - website
Cost
At 1 January
Additions
Disposals
At 31 December
Depreciation
At 1 January
Charge for year
Disposals
At 31 December
Net book value
At 1 January
At 31 December		 Leasehold im-
provements
Computers/
equipments
Furniture and
fixtures
22,247
27,765
15,111
-
6,605
-
(22,247)
(1,253)
(14,989)		 2024
£
Total
65,123
6,605
(38,489)
-
33,117
122		 33,239
13,370
21,365
10,092
4,720
5,795
1,708
(18,090)
(1,178)
(11,719)
44,827
12,223
(30,987)
-
25,982
81		 26,063
8,877
6,400
5,019
20,296
-
7,135
41		 7,176
2024
£
153,300
-
-
153,300
153,049
251
-
153,300
-
-
251
-

The intangible asset is the cost of development of the World Physiotherapy website.

35

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FINANCIAL REVIEW

8
Fixed asset investments
UK listed investments
Market value of managed funds at 1 January
Disposals - COIF Charities Global Equity Income Fund
Disposals - Rathbone Core Investment Fund for Charities
Acquisition - COIF Charities Global Equity Income Fund
Acquisition - Rathbone Core Investment Fund for Charities
Net gain/(loss) on revaluation
Market value of funds 31 December
Cash held as part of the portfolio
At 31 December
Management fees
Investment income
Investment Gain/(Loss)		 2024
2023
£
£
256,954
398,159
(100,000)
-
(50,000)
(394,748)
200,000
100,000
100,000
150,000
28,565
3,543
435,519
256,954
-
-
435,519
256,954
-
684
-
2,274
28,565
3,543

During 2024 investments were held in:

At 31 December non-cash investments were
COIF Charities Global Equity Income Fund
Rathbone Core Investment Fund for Charities		 2024
2023
£
£
-
218,608
104,809
216,911
152,145
435,519
256,954

36

World Physiotherapy Annual review 2024

FINANCIAL REVIEW

9
Debtors: amounts due within one year
Trade debtors
Other debtors
Accrued income
Congress expenses prepaid
Prepayments
VAT
Amount due from subsidiary company		 GROUP
2024
2023
£
£
12,958
-
9,613
115,379
3,450
-
288,604
-
23,082
19,386
4,203
6,744
-
-
341,910
141,509		 CHARITY
2024
2023
£
£
5,000
-
-
24,142
3,450
-
-
-
23,082
19,386
-
-
640,230
628,355
671,762
671,883

Congress expenses prepaid relates to expenditure in respect of future congresses, to be recognised in 2025 and 2027.

10
Creditors: amounts due within one year
Trade creditors
Other creditors
Accruals and provisions
VAT Liability
Taxation and social security
Deferred income
Amount owed to subsidiary		 GROUP
2024
2023
£
£
42,027
10,673
63,803
60,648
27,768
52,674
25,912
-
11,476
19,889
381,094
100,379
-
-
552,080
244,263		 CHARITY
2024
2023
£
£
37,382
9,543
63,803
60,648
24,959
49,866
25,912
18,509
11,476
19,889
25,500
100,379
-
-
189,032
258,834

Deferred income relates to payments received in advance of World Physiotherapy Congress 2025

GROUP
Analysis of deferred income
2024
2023
£
£
Balance at beginning of the year
100,379
420,700
Released to income in the year
(74,879)
(410,700)
Deferred in the year
355,594
90,379
Balance at end of the year
381,094
100,379
11
As at 31 December 2024, the Group had no non-cancellable
commitments under operating leases
Less than one year
Between one and five years
Lease expiring after five years		 CHARITY
2024
2023
£
£
100,379
23,290
(74,879)
(13,290)
-
90,379
25,500
100,379
2024
2023
£
£
-
45,870
-
-
-
-
-
45,870

The premises lease at The Pavilion, 17 Empire Square, London SE1 4NA expired in September 2024.

37

World Physiotherapy Annual review 2024

FINANCIAL REVIEW

12
Movement in funds
Unrestricted funds:
General fund
Charity
Subsidiary
Group
Restricted income funds:
UCP Wheels project
Mildred Elson award
Charity
Subsidiary
Group
TOTAL FUNDS:
Movement in funds
Unrestricted funds:
General fund
Charity
Subsidiary
Group
Restricted income funds:
UCP Wheels project
Vietnam project
Sierra Leone
Mildred Elson award
Charity
Subsidiary
Group
TOTAL FUNDS:		 1 January
2024
Income
Expenditure
Transfers
Investment
Gains/(Losses)
31 December
2024
£
£
£
£
£
£
1,201,552
1,097,612
(1,014,207)
7,130
28,565
1,320,652
1,201,552
1,097,612
(1,014,207)
7,130
28,565
1,320,652
(413,232)
-
(217,166)
-
-
(630,398)
788,320
1,097,612
(1,231,373)
7,130
28,565
690,254
1 January
2024
Income
Expenditure
Transfers
Gains/(Losses)
31 December
2024
£
£
£
£
£
£
-
106,715
(99,585)
(7,130)
-
-
428
-
-
-
-
428
428
106,715
(99,585)
(7,130)
-
428
-
-
-
-
-
-
428
106,715
(99,585)
(7,130)
-
428
788,748
1,204,327
(1,330,958)
-
28,565
690,682
1 January
2023
Income
Expenditure
Transfers
Gains/(Losses)
31 December
2023
£
£
£
£
£
£
1,453,485
1,014,491
(1,324,373)
54,406
3,543
1,201,552
1,453,485
1,014,491
(1,324,373)
54,406
3,543
1,201,552
-
-
-
-
-
-
(554,981)
1,242,862
(1,101,113)
-
-
(413,232)
898,504
2,257,353
(2,425,486)
54,406
3,543
788,320
1 January
2023
Income
Expenditure
Transfers
Gains/(Losses)
31 December
2023
£
£
£
£
£
£
28,522
127,534
(118,310)
(37,746)
-
-
34,471
28,497
(44,780)
(18,188)
-
-
-
11,578
(13,106)
1,528
-
-
4,848
-
(4,420)
-
-
428
67,841
167,609
(180,616)
(54,406)
-
428
-
-
-
-
-
-
67,841
167,609
(180,616)
(54,406)
-
428
966,345
2,424,962
(2,606,102)
-
3,543
788,748

38

World Physiotherapy Annual review 2024

FINANCIAL REVIEW

The UCP Wheels project is funded by USAID, to develop a national physiotherapist entry level curriculum in Tajikistan, as well as developing training materials materials. The project funding came to an end in November 2024.

The Mildred Elson award is the highest honour that WCPT can bestow. It is for outstanding leadership contributing significantly to the development of physiotherapy internationally. It was established in 1987 with funds donated by the American Physical Therapy Association and only one Mildred Elson award is given at the time of each general meeting. These meetings take place every four years, and the fund covers the associated travel costs for the award recipient to attend.

The amounts transferred between funds are to account for general overheads (such as staff costs) which are usually included within the general funds, and which may be allocated to each project in accordance with the conditions of the grant.

----- Start of picture text -----
Analysis of net assets
2024 2023
between funds
----- End of picture text -----

Tangible and intangible fixed assets
Investment assets
Net current assets		 Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
£
£
£
£
£
£
7,176
-
7,176
20,547
-
20,547
435,519
-
435,519
256,954
-
256,954
247,559
428
247,987
510,819
428
511,247
690,254
428
690,682
788,320
428
788,748

13. Trading subsidiary : WCPT Trading Limited

WCPT Trading Limited (a company limited by guarantee no: 08322671, incorporated in England & Wales) was incorporated on 7 December 2012 as a wholly-owned subsidiary of WCPT to undertake congress operations, commencing with the 2015 congress which took place in Singapore.

Summary of subsidiary assets and liabilities and results
Current assets
Current liabilities
Net current assets/(liabilities)
Income
Expenditure
Profit/(loss)		 2024
2023
£
£
372,879
219,061
(590,045)
(632,293)
(217,166)
(413,232)
-
1,242,862
(217,166)
(1,101,113)
(217,166)
141,749

39 World Physiotherapy Annual review 2024

World Physiotherapy 3rd Floor South, Chancery Exchange, 10 Furnival Street, London EC4A 1AB

Phone +44 (0)20 8159 5130 Email info@world.physio Web www.world.physio Social @WorldPhysio1951