SPORTABILITY. OAS•U14 TA141N6 THÈ 'OIS' OUT Op 015AalLITY SPORTABILITY Charity Registration No. 328325 REPORT of the TRUSTEES and UNAUDITED FINANCIAL STATEMENTS for the YEAR ENDED 31 DECEMBER 2025 Centrum Chartered Accountants Elscot House Arcadia Avenue London N3 2JU
SPORTABILITY CONTENTS OF THE FINANCIAL STATEMENTS For The Year Ended 31st December 2025 Page Report of the Trustees Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 5t09 Trustees Report IOto18
REPORT OF THE TRUSTEES For The Year Ended 31st December 2025 The trustees present their report with the financial statements of the charity for the year ended 31st December 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective l January 20191. STRucfuRE. GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity. REFERENCE AND ADMINISTRATIVE DAlLs Registered Charity number 328325 Principal address Laynes House 526-528 Watford Way London NW7 4RS Trustees Mr M Baker, Miss T Nadarajah, Mr D Wilson, Mr K Lewis, Mr l Taylorson, Mr C Campbell , Miss J Mackenzie, Mr C Selway. Independent Examiner Centrum Chartered Accountants Elscot House Arcadia Avenue London N3 2JU Solicitors Keystone Law 48 Chancery Lane London WC2A IJF Approved by order of the board of trustees and Signed on its behalf bv: M. Baker- Chairman Date.. 06PS.2 Page I
Inde endent Examiner's Re ort to the Trustees of ortabilit I report to the trustees on my examination of the financial statements of Sportability for the year ended 31 December 2025. Responsibilities and basis of report A5 the charity's trustees you are responsible for the preparation of the financial statement5 in accordance with the requirements of the Charities Act 20111'the Att'l- l port in respect of my examination of the charity'5 finaneial Statements carried out under section 145 of the 2011 Act and in carying out my examination I havefollowed all the applicable Directions given by the Charitycommisslon undersection 14515llbl of the Act. Independent examlnerfs statsment I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material re5pect- the accounting records were not kept in respect of the charity as required by section 130 of the Act- or the financial statements do not accord with those records; or the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charf(ies (Accounts and Reports) Regulations 2CK18 other than any requirement that the financial statements give a 'true and fair, view which is not matter considered as part of an independent examination. I have no concerns and have come across no other matter5 in connection with the examination to which attention should be drawn in thi5 report in order to enable a proper understanding of the financial statements to be reached. Mry Chanmuganathan Centrum Chartered Certified Accountants ACCA Elscot House Arcadia Avenue London N3 2JU '.Il "I Clanmuoanathan l-.nsrt d Ceriified Accvuntant riscot House A,"cao'ia Avenue London N3 2JU Date- 07 /05/2o20 Page 2
Sportability Statement of Financial Activities For The Year Ended 31 December 2025 2025 2024 Unrestricted Restrirted funds funds Total funds Total funds Notes INCOME AND ENDOWMENTS FROM: Donations and legacies Investments 82,374 796 5,000 87,374 796 58,041 715 83,170 5,000 88,170 58,756 EXPENDITURE ON: Raising funds Charitable activities.. 14,2331 14,2331 13,6371 Events and activity programes 166,6231 166,6231 162,3681 170,8561 170,8561 166,(X)51 NET INCOME/IEXPENDITUREI 12,314 5,000 17,314 17,2491 NET MOVEMENT IN FUNDS 12,314 5,000 17,314 17,2491 RECONCILIATION OF FUNDS: Total funds brought forward 19,254 1,500 20,754 28,003 TOTAL FUNDS CARRIED FORWARD 31,568 6,500 38,068 20,754 The notes on pages 7 to 12 form part of these financial statements. Page 3
Sportability Statement of Financial Posltlon As at 31 December 2025 2025 2024 Unrestricted Restrirted fund5 funds Total funds Total funds Notes FIXED ASSETS Tangible Assets io 444 444 555 444 444 555 CURRENT ASSETS Cash at bank and in hand 32,881 6,500 39,381 22,405 32,881 6,500 39,381 22,405 Creditors: Amounts Falling Due Within One Year li {1.7571 11.7571 {2.206) NET CURRENT ASSETS (UABILITIESI 31,124 6,500 37,624 20,199 TOTAL ASSETS LESS CURRENT LIABILITIES 31.568 6.500 38.068 20.754 NET ASSETS 31,568 6,500 38,068 20,754 FUNDS OFTHE CHARITY Restricted Funds 6,500 31,568 1,500 19,254 Unrestricted Funds TOTAL FUNDS 38,068 20,754 SiEned on behalf of the board- Mr Martyn Baker- Chairman Mr Kevin Lewis- Hon. Treasurer Page 4
Sportablllty Note5 to the Financial Statements For The Year Ended 31 December 2025 l. General Information Sportability is an unincorporated charity regiSted with the Charity Commi55ion, registered charity number 328325 The principal addres5 15 Laynes House, 526-528 Watford Way, London, NW7 4RS. 2. Accounting Policies 2.1. Basis of Preparation of Financial Statements The financial ststements have been prepa in accordance with Statement of Recommended Practice.. Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Stsnijard applicable in the UK and Republic of Ireland IF[ 1021 Issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021 and the Charities Act 2011. Change in basis of accounting or to previous accounts There ha5 been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years. 2.2. Fund Accountlng Unrestricted funds These are available for use at the discretion of the trustees in furtheran of the general objects of the charity. Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation resetve representing the restatement of investment assets at their market Values. Restricted funds These are available for use subject to restrirtions imtK)sed by the donor or through terms of an appe31. 2.3. Incoming Resources Recognition of Income Income is included in the Statement of Financial Activities (SOFA) when the charity becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability. Income with related expenditure Where Income has related expenditure the income and lated expenditure is reported gross in the SOFA. Donations and legacie5 Voluntary income received by way of grants, donations and gifts 15 included in the the SOFA when receivable and onlv when the Charity has unconditional entitlement to the income. Tax reclaims on L1onations and gifts Income from tax reclaims Is included in the SOFA at the same time as the gifvdonation to which it relates. Donated services and facilities These are only included in income (with an equivalent amount in expenditure) where the benefit to the Charity 15 reasonably quantifiable, measurable and material. Volunteer help The value of any volunteer help reiVed is not Included in the accounts. Investment Income This is included in the accounts when re1Vable. Gainslllosses) on revaluation of fixed assets This includes any gain or Ios5 resulting from revaluing investments to market value at the end of the year. Gainslllossesl on investment assets This includes any gain or loss on the sale of Investments. Page 5
Sportability Notes to the Financial Statements {continued) For The Year Ended 31 December 2025 2.4. Resources Expended Recognition of expenditure Expenditure is recognised on an accruals basis. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates. Expenditu on raising funds These comprlse the costs asscciated with attractlng voluntary Income, fundralsing tradlng costs and Investment management costs. Expenditure on charitable artivities These comprise the costs incurred by the Charity in the delivery of its activities and services in the furtherance of its object5, including the making of grants and governance cost5. Grants payable All grant expenditure is accounted for on an actual paid basls plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid. Governan costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any auditlindependent examination fees, C05t5 linked to the strategic management of the Charity, together with a share of other administration costs. other expenditure These are support costs not allocated to a particular activity. 2.5. Tangible Fixed Assets and Depreciation Depreciation Is provided at the following annual rates in order to write off each asset over Its estimated useful life.. Plant & Machinery 20QknVo on net book value Motor Vehicle5 20Q/oWo on net book value Fixtures & Fittings 200hVo on net t)ook value 2.6. Cash and Cash Equivalents Cash and cash equivalents comprise cash at bank and on hand, demand deposits with bank5 and other short-term highly liquid investment5 With original maturities of three month5 or le55 and bank overdraft5. In the Statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash eouivalents are shown net of bank overdrafts that are repayable on demand and form an integrnl part of the company's cash management. 2.7. Taxation The charity is exempt from tax on its charitable artivities. 2.8. Pensions The charity oPeteS a defined contribution plan for its employee5. A defined contribution plan is a peTTrsion plan under which the charity pay5 fixed contributiQnS Into a separate entity. Once the contribution5 have been paid the charity ha5 no further payments obligations. The contributions a fftcognised as expenses vvhen they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the charlty in independendy administered funds. 3. Income from Donations and Legacies 2025 Unrestrlcted Restrlcted funds fund$ Totsl funds Donations and glfts 82,374 5,000 87,374 Page 6
Sportability Notes to the Financial Statements {continuedl ForThe Year Ended 31 December 2025 2024 Unrestrlcted Restrlcted funds funds Totsl funds Donations and glfts 51,041 7,000 58,041 4. Investment Income 2025 2024 Unrestrlrted Unrestrlrted funds funds Bank interest receivable 796 715 5. Net Income/{Expendlture) The net incomellexpenditurel Is stated after charging/{creditingl'. 2025 2024 Depreclation or tanglble fSxed assets - owned iii 139 6. Analysis of Expenditure 2025 Activities undertaken dlrectly Support costs {see note ?) Totsl Raising funds 4,122 iii 4,233 Events and activity programs 59,621 7,002 66,623 63,743 7,113 70,856 2024 Activities undertaken dlredly Support costs (see note ?) Total Raising funds 3,498 139 3,637 Events and actlvlty programs 53,318 9,050 62,368 56,816 9,189 66,005 Page 7
Sportability Notes to the Financial Statements {continued) For The Year Ended 31 December 2025 7. Support Costs 2025 Events and activity programs Raising funds Total Employee costs General administration 116 116 6.886 6,886 Depreciation iii ILI iii 7,002 7,113 2024 Events and activity programs Raising funds Total General adminlstratlon Depreciation 9,050 9,050 139 139 139 9,050 9,189 8. Staff Costs Staff costs were as follows.. 2025 2024 Wages and Salaries Other pension cDst5 42,307 998 29,479 856 43,305 30.335 No employees reiVed employee benefits (excluding employer pension costs) for the reporting period of more than £60,000. 9. Average Number of Employees Average number of employee5 during the year was.. 3 12024.. 3) 10. Tangible Assets Plart & Machlnery Motor Vehlcles Fixtures & Flttlngs Total Cost As at l January 2025 5,005 9,005 1,022 15,032 As at 31 December 2025 5.005 9,005 1,022 15,032 Depreciation A5 at l January 2025 Provided during the period 4,594 82 8,899 21 984 14,477 ILI As at 31 December 2025 4,676 8,920 992 14,588 .CONTINUED Page 8
Sportability Notes to the Financial Statements {continued) For The Year Ended 310ecember 2025 Net Book Value As at 31 December 2025 329 85 30 444 As at l January 2025 411 106 38 555 11. Credltors: Amounts Falllng Due Wlthln One Year 2025 2024 other credltors Taxation and social security 269 528 212 1,034 Accruals and deferred Income 960 960 1,757 2,206 12. Penslon Commltments The charity operates a defined contribution pension scheme. The assets of the scheme are held separately fmm those of the charity in an Independently administered fund. During the year the charge to the statement of financial activities in respect of defined contribution scheme5 wa5 £998 12024.. £8561. At the statement of financlal position date contrlbutlons of £269 12024.. £0) were due to the fund and are included in creditors. 13. Movement in Funds Asati January 2025 Asat31 December Income Expenditure 2025 Unrestricted funds General.. General unrestricted fund 19,254 83,170 170,856 ) 31,568 Restrlcted funds Restricted funds 1,500 5,000 6,500 Totsl fund$ 20,754 88,170 170,856 ) 38,068 Asati January Asat31 December 2024 Income Expenditure 2024 Unrestrlcted funds General.. General unrestricted fund 27,433 51,756 159,935 ) 19,254 Restricted funds Restricted funds 570 7,000 16,070 1 1,500 Totsl funds 28,003 58,756 166,005 ) 20,754 Page 9
Report of the Trustees for the year ended st 31 December 2025 Constitution & Objects: Sportability is constituted under a trust deed dated 21" August 1989 and is a registered charity no. 328325. The objects of the Charity are the relief and rehabilitation of those suffering spinal cord injury and other forms of paralysis, through the provision of sporting and recreational activities. ObSectlves and Activitles: The Charity's objects and principal activities are.. To provide sport and challenging pursuits to people with paralysis. The original remit was limited to people with spinal cord injury, but with the advice and agreement of the Charity Commission IIO, February 20031 this was extended to other populations. The wording of the Trust document was amended by the addition of the words "or any form of paralysis" to follow "spinal cord injury" Thus, the target population to benefit from the Charitvs activities was extended to include among others, stroke suNivors and people with MS or cerebral palsy. The main objectives and activities for the year continued to be.. The provision of sport and challenEing pursuits in various locations around the UK. However, there is a very positive by-product of the Sportability activities in that service providers, who may have never considered working with people with disabilities hitherto, learn from the experience, recognise the possibilities, and extend participation to a wider, more inclusive, public. Our vision: A world where people with paralysis can flourish, can recognise and realise their full potential. Our mission: To provide and facilitate opportunities for people affected by paralysis to transform their lives,. to challenge societal and individual perceptions of disability,. to deliver services that build confidence and self- esteem, that allow people with paralysis to re-assess their capabilities and re-assert their independence. Our goal: To put the 'buzz" back into the lives of people with paralysis, let them experience the elusive adrenaline rush, to empower through achievement and ultimately to inspire the thought "If I cun do this, what else con l achieve? Our values: Driven by the needs of people with paralysis, we are passionate about transforming those lives. Through the medium of sport and challenging pursuits, we provide opportunities to develop, achieve and live life to the optimum. We respect individuality, champion inclusivity and embrace diversity. We aim for quality and excellence in all we do. Page 10
Organisation Trustees. Trustees are appointed by the Board of Trustees and normally serve for three years, after which period they may put themselves ft)rward for re-appointment. At the Trustees Meeting held on Wednesday, 15th January 2025, Mr. Kevin Lewis and Miss Tania Nadarajah, having served a continuous three-year period, confirmed their willingness to serve for another three-year term with immediate effect. This was proposed and passed by a unanimous vote. At the Trustees Meeting held on Thursday, 17th August 2025, Mr. Christopher Selway and Miss Jane Mackenzie, confirmed their willingness to serve as trustees for a three-year term with immediate effect. This was proposed and passed by a unanimous vote. At the Trustees Meeting held on Thursday, 20, November 2025, Mr. Daniel Wilson confirmed his willingness to serve as a trustee for a three-year term with immediate effect. This was proposed and passed by a unanimous vote. Miss Pippa Isbell announced her intended retirement from the Board by email on 3, November 2025 and this was confirmed at the Trustees Meeting held on Thursday, 20, November 2025. The Board would like to record their thanks and appreciation of her unstinting service over many years. She has advised that she will remain an active supporter and ambassador for the Charity- The Trustees meet on averaEe quarterly but there are subEroups, which may include specialist co-optees. These subgroups may meet more frequently as demand dictates, but ultimately report to the Board. Note.. Trustees, meetings were condurted vio Teams online conferencing. Trustee Induction and Training: Most Trustees were already familiar with the practical work of the Charity at the time of their original appointment. Indeed, five of the eight Trustees have personal experience of spinal cord injury, one has M.S. and the mother of one Trustee was a beneficiary participant in the ChariVs events programmes. All Trustees have been referred to the Charity Commission website information on trusteeship and have received the latest financial statements and minutes of Trustees meetin8s. Moreover, any additional recommendations on trusteeship issued by the Charity Commission are passed on to the Trustees. Staff: The Charity employed two permanent salaried members of staff for the duration of the year bein8= Miss Valerie Small as General Manager IGMI,. and Miss Ann Ryan, as part-time Administrator. One further member of staff, Miss Charlotte Ambery was appointed on I" September 2025 as part-time fundraiser. Mr David Heard remained in posltion of unpaid Chief Executive ICEI throu8hout. A scheme of delegation is in place and day to day responsibility for the provision of the services rests with the CE along with GM, Fundraiser and the Administrator. The CE is responsible for ensuring that the Charity delivers the services specified and that key performance indicators are met. The CE also attends the Trustees, meetings by invitation but has no voting rights. The GM, Fundraiser and Administrator have responsibility for the day-to-day practise of the Charityi supervision of the Area Organizers, ensuring that the Charity operates in line with good working practice. The Charity functions on a work from home policy with office equipment and other resources provided for the staff as required. The staff therefore work remotely, but meet formally, as and when required. Other services, such as Legal Services, secretarial support, accountancy and payroll, marketing, further fundraising and website management, are bought in on a need basis. Page 11
Volunteers: Many of the regional activity programmes are overseen by volunteer staff. This includes: Miss Jane McKenzie (Yorkshire) Mr Chris Selway (Bristol & Glos.) Mr Dan Marshall (West Midlands) Mr Phil Whiles (North Westl Mr Robert Edwards (Dorset & Hants.) and Mr Aaron Heard IEast Midlands, Central, Surrey, Kent, London & Essex). The Trustees would like to record their thanks for all the valuable help and sUPPOrt that these volunteers provide. Marketing: The main marketing tool of the Charity has been the Internet and social media. This has established a national and indeed international presence. The Charity's website has been most instrumental in maintaining contact and interest among our participants. This interest has been reinforced by regular e-mail newsletters and personal contacts. As a result, we now have active supporters/participants in the 15 regions in which we currently operate. Additionally, the Charity's website provides a facility for online donations. It is also a platform to enhance reciprocal support for our sponsors- providing them with a long-term presence. Accountants: BC Centrum Ltd. were appointed on 26th July 2019 as accountants for the Charity. The current accounts have duly been prepared by them. Compliance: In response to the implementation of the General Data Protection Regulation IGDPRI, effective from Spring 2018, the Charity undertook a complete review of the entire data treatment, protection and process. All individuals whose personal data was held by the Charity were contarted with a description of how their data is held and how it would be used in line with the new GDPR regulations. Informed consent was requested to continue to hold that data. At a meeting of the Board of Trustees, held on 6, September 2018, a policy document, in compliance with the GDPR, was agreed and is permanently published on the Charity's website. Moreover, policies in respect of Safeguarding, Employment, Volunteers, Privacy, Employment, Complaints, Equality and Conflict of Interest were also posted on the Charity's website. These are subject to ongoing review and updated as required. Risk Management: The Board of Trustees is cognisant of the major risks to which the charity is exposed. Significant risks attach to the operation of activities and it was decided112' January 20031 that the Charity would not run its own events, but would work with established service providers. Participants would then be 'clients' of the service providers and any liability in terms of Health and Safety would accrue to those organisations with the requisite expert15e to best manage the risks associated with running events and protecting the health and safety of participants. Related Parties: The Charity is in dialogue with various organisations that have similar or complementary objects. These include the Spinal Injuries Association, The MS Society and various branches, and the Stroke Association and various branches. It has been noted that Sportability programmes have often provided benefits beyond the participants and their families. The Sportability events raise awareness among the service providers and lead to a direct understanding of some of the difficulties experienced by those with disabilities. Many service providers have made adaptations to their equipment andlor access to allow wheelchair users and people with walking aids to participate in their activities and events. These facilities are then available to the public at large, increasing the possibility of more inclusive participation in future for individual {or groups) quite apart from the Sportability programmes. Page 12
What It Really Means i usEd lu be u pilul, bLI i.'iy disubilili pui puid iu iliuf. SpDrto&"lity introducgd Me tg soilsng and now I run fv'5olo u9oln. you." "It WOS such t7 qreot y. I left thereleelin $0 ulive, 50 hoppy. Ir hos u huge impoct my wefi.bing ond tod¢ry I'm srill emWereI Thonk vou oll at Sportubility." Dan 220 'I'vehudD wonderful rnDnihJ stnee josrnng snbIlIty. lfvl thai mylifv is nffj9 iOStort agn with my MS M kngerb•ngo brick In pockntl" '%portabilify h35 helped lo Ih3n8e my life lor the ttter in so any ways and tlw continue to hlp make my éreaffls IYJssible.- Grant l• 'It's no eXderatIon to say that Sport)illyV ' ha5 Vene my Ilfe back." Jine Page 13
The Year in Review The objective for 2025 was to continue the re-building programme, matching the pre-covid performance levels. We expanded our regular winter indoor programme, featuring events in seven regions of the UK. Then completed a summer programme that featured all our regular activities, such as quad biking. 4x4 drivinE, archery, falconry, sailing, clay shooting, microlight flying, gliding, canoeing. Plus, the re-introduction of adapted light aircraft flying, indoor sit-skiing, off-shore motor boating and carriage driving. In we added some exciting new events such as pickle ball and paddleboarding. However, 2025 saw some exceptional weather conditions and as a result many of the water sports activities (sailing, canoeing, etcl were unavailable due to low and dangerous water levels. Moreover, some airborne activities Igliding, microlight flying) were inoperable with extreme thermal conditions. As a result, the annual programme was slightly reduced. However, the Charity was still able to offer 76 events across 15 re8ions of the UK. That Is over some 900 opportunities for people with paralysis to participate in something they never thought they could do. And all completely free of charge. Activity Programmes Regions Events 16 14 loo 12 80 io 60 40 20 2019 2020 2021 2022 2023 2024 2025 2019 2020 2021 2022 2023 2024 2025 Pa rticipants 1200 iooo 800 600 400 200 2019 2020 2021 2022 2023 2024 2025 Page 14
Fund Raising The Charity, along with all others in the third sector, had previously suffered a dramatic downturn in every aspect of fund-raising. Many regular donors were unable to offer support either through diversion of funds to other health causes, or pressure on their own funds. Indeed, some ceased operating entirely. Nevertheless, there was a rise in the effectiveness of Head Office fund-raising activity, which lead to an overall increase in funding to well above the pre-covid levels. Moreover, the regular golf tournaments continued to show a healthy increase in the contribution from the three tournaments, surpassing each of the previous years. Sources of Funding HO fund raising activity included 278 appeals in 2025. This compares to 352 appeals in 2024, 494 appeals in 2023, 472 in 2022 and 115 in 2021. Contributions from this source rose to £64.450 in 2025, compared to £36,100 in 2024, É48,600 in 2023, £37,464 in 2022 and £27,450 in 2021, and well above the 2019 pre-covid contribution of £52,694. Main Sources of Income 70000 60000 50000 40000 0 30000 20000 ioooo 2019 2020 2021 2022 2023 2024 2025 Head Office Appeals Golf ll General Donations Page 15
While many donors consistently support the Charityi several wish to remain anonymous. However, the Trustees would like to accord particular thanks and recognition to the following organisations: The Souter Trust For their generous contribution with donation5 over 13 years to support Sportability Events & Activities programmes across the country. The Calleva Foundation & The Broughton Family Charitable Trust For their generous contribution with donations over nine years to support Sportability Events & Activities programmes across the country. The Bruce Wake Charity For their generous contribution with donations over eight years lincluding a double donation in 2025 prior to their closurel to support Sportability Events & Activities programmes across the M idlands regions. The Jeremy Willson Charitable Trust For their support over seven years, with particular emphasis on participation for people with parapleEIa. Alice Ellen Cooper-Dean Charitable Foundation Alice Ellen Dean Charitable Foundation in Dorchester for their support over eleven years for programmes in the Dorset, Hants. and Wilts. re8ion. THE SIR JAMES ROLL CHARITABLE TRUST For their generous contribution with donations over 14 years to support Sportability Events & Activities programmes across the country. The Freddie Wakenham Charitable Trust For their generous contributions with donations over five years to support Sportability Events & Activities programmes across the country. Page 16
The Trustees would also like to express their sincere thanks to all the participating golf clubs for the use of their facilities and the support in promoting and hosting the extremely valuable fund raising events. SURBITON GOLF CLUB ESTABLISHED 1895 DEREHAM GOLF CLUB ROOKERY PARK GOLF CLUB The Year Ahead The Board of Trustees is mindful of the continuing national mood of austerity and uncertainty and has considered the possible effect on the Charity's fundraising capability. Moreover, several Trusts and Foundations that have supported the Charity in the past are no lonBer operational. However, the two golf tournaments in East Anglia will continue, with efforts to hold costs, increase attendance and revenue. Messrs Taylorson and Campbell are again organising a fund-raising golf tournament at Surbiton Golf Club, building on the success of the prior tournaments. Moreover, with a greater carry forward sum in 2025, due to the reduction in events and the increased performance in HO Fundraising, it was considered reasonable to increase the budgeted costs for 2026 by 31% rather than the prior annual rise of 25Yo. For the immediate future, the Charity has two main objectives= To provide a greater range of sports (indoor and outl in the existing regions; and to offer programmes in more regions. These are the twin goals of Sportability. We want people with paralysis to have access to sport throughout the UK. The ultimate aim is to bring the Sportability Experience within an hour's drive of the main population areas of the UK. The future growth of the sports programmes Ithe core activity of the Charity) is deemed dependent on the replacement of defunct service providers, the sourcinE of new providers and an increase in available capacity. The appointment of more Area Organisers is considered key to any expansion. Discussions are ongoing with several possible candidates and more appointments are expected in 2026. The Board is aware that any expansion is subject to available funds and review. Page 17
Financial Review Accounts have been prepared for the period 1st January 2025 up to and including 31st December 2025 and show net current assets of £37,624 and total assets, less current liabilities, of £38,068. Restricted Funds.. During the year, certain donations were made to support either specific activities, or use in specific regions. In the year under review there were no Restricted Funds outstanding. Sports activities that are financed by the Charity are reflected in the accounts under the heading 'Events & Activity Costs,. Those costs are therefore incurred in pursuarbce of the Charity's objects. Allocation of Funds Charitable Activities 30% Fundrasing Compliance 54% Reserves 15% Reserves Policy. The Board of Trustees has examined the Charit5 requirements for reserves in light of the main risks to the organisation. It has established a policy whereby the fund5 not committed or invested in tangible fixed assets held by the Charity should be set at 3 to 6 months of the Fixed Costs. Budgeted expenditure for 2026 is £91,170, of which the Fixed Cost element is £54,7ChJ. Therefore, the minimum surplus in general funds will, at any given time, be held at around £13,675 and no less than £27,350. The reserves are needed to meet the working capital requirements of the Charity and the Trustees are confident that at this level they would be able to continue the activities of the Charity (albeit in reduced form and volume) in the event of a significant drop in funding. Declaration: The Trustees are satisfied that the objects of the Charity have been carried out in accordance with their Declaration of Trust dated 28th August 1989 as amended in 2003 and that the attached accounts show a true record of the financial artivities of the Trust. Signed on behalf of the Trustees of Sportability: Martyn Baker Chairman Date.. o&. os. Kevin Lewis Hon. Treasurer Date.. 6th May 2026 Page 18