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2025-12-31-accounts

Docusign Envelope ID: F5CEAECF-1D08-8CA0-82AE-B66B6FD5AE17

Registered number: 02301452 Charity number: 800329

SPECIAL OLYMPICS GREAT BRITAIN (A COMPANY LIMITED BY GUARANTEE)

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Docusign Envelope ID: F5CEAECF-1D08-8CA0-82AE-B66B6FD5AE17

SPECIAL OLYMPICS GREAT BRITAIN (A COMPANY LIMITED BY GUARANTEE)

CONTENTS

Page
Reference and administrative details of the Charity, its Trustees and advisers 1
Trustees' report 2 - 11
Trustees' responsibilities statement 12
Independent auditors' report on the financial statements 13 - 16
Consolidated statement of financial activities 17
Consolidated balance sheet 18
Charity balance sheet 19
Consolidated statement of cash flows 20
Notes to the financial statements 21 - 40

Docusign Envelope ID: F5CEAECF-1D08-8CA0-82AE-B66B6FD5AE17

SPECIAL OLYMPICS GREAT BRITAIN (A COMPANY LIMITED BY GUARANTEE)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2025

Trustees P. D. Richardson, Chair
C. J. Classen, Vice Chair
A. Rayson
A. T. Young, Treasurer and Senior Independent Trustee
E. L. Rose
Dr J. W. Crabtree (appointed 24 April 2025)
K. A. Byland BEM
G. Nicholas (appointed 26 February 2026)
A. L. Topen (appointed 26 February 2026)
C. E. Ryan (appointed 11 March 2026)
B. E. Powers (appointed 7 April 2026)
Professor J. Burns MBE (resigned 24 April 2025)
V. S. Patel (resigned 24 April 2025)
R. A. Powell (resigned 22 January 2026)
Company registered
number
02301452
Charity registered
number
800329
Registered office
483 Green Lanes
London
England
N13 4BS
Chief executive officer
L. Baxter MBE
Independent auditors
Bishop Fleming Audit Limited
Chartered Accountants
10 North Place
Cheltenham
GL50 4DW
Bankers
National Westminster Bank Plc
45 Whitechapel Road
London
E1 1DU

Page 1

Docusign Envelope ID: F5CEAECF-1D08-8CA0-82AE-B66B6FD5AE17

SPECIAL OLYMPICS GREAT BRITAIN (A COMPANY LIMITED BY GUARANTEE)

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2025

The members of the Board of Directors (Trustees) of Special Olympics Great Britain, present their annual report together with the audited accounts for the year ended 31 December 2025. The reference and administrative information are set out on page 1.

Objectives and Activities

Special Olympics Great Britain’s mission is to provide and support year-round sports training and athletic competition in a variety of Olympic-type sports for children and adults with an intellectual (learning) disability – providing opportunities for people to make friends, learn social skills, feel part of a community, increase confidence and self-esteem, realise potential, develop physical fitness and mental well-being, demonstrate courage and experience joy and pride.

Special Olympics Great Britain is part of the global Special Olympics International organisation which is the largest disability sports organisation in the world. As a global movement, Special Olympics represents over five million athletes, unified partners, coaches and volunteers across 207 countries and jurisdictions. Special Olympics is founded on the belief that people with intellectual disabilities can, with support and encouragement, learn, enjoy and benefit from participation in individual and team sports, adapted as necessary to meet the needs of those with intellectual and profound disabilities.

Special Olympics believes that consistent development and training, including physical conditioning and nutritional and health-related activities, is essential to the development of life skills and sports skills, and that competition among those of equal abilities is the most appropriate means of testing these skills, measuring progress and providing incentives for personal growth.

Special Olympics also believes that through sports training and competition, people with an intellectual disability benefit physically, mentally and socially; families are strengthened; and the community at large, both through participation and observation, is united with people with intellectual disabilities in an environment of equality, respect and acceptance.

Structure, Governance and Management

Special Olympics Great Britain is registered as a Charity in England and Wales (No. 800329) and in Scotland (No. SC052090). It is also a charitable private company limited by guarantee and not having a share capital. The organisation is governed by the Articles of Association (amended by Special Resolution in March 2024) under which the Trustees are appointed and the management of the Charity is set out. The organisation operates a national programme of development, training and local, regional and national competitions which is accredited by Special Olympics International.

Special Olympics Great Britain is governed by the Trustees, who have been appointed for their expertise in specific areas. The organisation’s Articles of Association states that the Trustees shall consist of at least one Special Olympics Athlete, one representative from the ‘branches’, one close family member of a Special Olympics Athlete, one expert in the field of intellectual disabilities, and one expert in the field of sports.

The Trustees of the Charity who served during the year these accounts cover are as follows:

Paul Richardson – Chair Charly Classen - Vice Chair Andy Young – Treasurer & Senior Independent Trustee Professor Jan Burns MBE (resigned 24 April 2025) Kiera Byland BEM Vijita Patel (resigned 24 April 2025) Rob Powell Alison Rayson Emma Rose Dr Jason Crabtree (appointed 24 April 2025)

Page 2

Docusign Envelope ID: F5CEAECF-1D08-8CA0-82AE-B66B6FD5AE17

SPECIAL OLYMPICS GREAT BRITAIN (A COMPANY LIMITED BY GUARANTEE)

TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

Once new Trustees are appointed, they undertake an internal induction process with the Chair, Chief Executive Officer (CEO) and Director of Operations, and are invited to meet key employees. During their induction, new Trustees are briefed on their legal obligations under charity and company law as well as their safeguarding and financial obligations.

The CEO is delegated, by the Trustees, to oversee the day-to-day running of the organisation.

The Charity owns a 100% subsidiary, SOGB Promotions Limited. This subsidiary is fully controlled by Special Olympics Great Britain, and their results are included within these consolidated financial statements. SOGB Promotions Limited is a private company, limited by shares, registered in England and Wales, the company's principal activity is to obtain sponsorship income for Special Olympics Great Britain.

Risk Review

The Trustees have overall responsibility for ensuring that the Charity has an appropriate system of controls, financial and otherwise. They are also responsible for safeguarding the assets of the Charity and taking reasonable steps for the prevention and detection of fraud and other irregularities providing assurance that:

As part of the Charity's risk management process, the Trustees acknowledge their responsibility for the Charity's system of internal controls and for reviewing effectiveness, while recognising that such a system is designed to manage rather than eliminate the risk of failure to achieve the Charity's objectives and that there is reasonable (not absolute) reassurance against material loss. The Trustees, through a regular risk review, monitor risks including consideration of the type of risks the Charity is facing, the level of risk which they regard as acceptable, the likelihood of the risks concerned materialising, and the Charity's ability to reduce the incidence and impact of those that do materialise. Special Olympics Great Britain’s register of the potential impact, likelihood and mitigation of risks includes:

All risks have been assessed and updated by the Trustees during the year and are presented for further review at each year’s AGM.

Chair’s Review of Achievements and Performance

The year of 2025 has been one of continued progress and growing impact for Special Olympics Great Britain, not only in participation and performance, but in how athletes with intellectual disabilities are seen and valued. Through sport, storytelling and strategic partnerships, we are helping to shift perceptions and expectations at a national level. This is not just about increasing visibility, but about ensuring that visibility leads to greater understanding, opportunity and inclusion.

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Docusign Envelope ID: F5CEAECF-1D08-8CA0-82AE-B66B6FD5AE17

SPECIAL OLYMPICS GREAT BRITAIN (A COMPANY LIMITED BY GUARANTEE)

TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

A defining moment of the year came at the Special Olympics World Winter Games Turin 2025, where our 10 athletes represented Great Britain with distinction on the world stage. Competing across alpine skiing and figure skating, the delegation demonstrated the skill, determination and joy that sits at the heart of Special Olympics Great Britain. Moments like these play an important role in challenging assumptions, showing that ability and ambition are too often underestimated.

Throughout the year, we have seen powerful individual achievements that have captured attention and helped to change expectations of what people with intellectual disabilities can achieve. Notably, Angus Leckonby secured three Guinness World Records - an extraordinary accomplishment that has helped to shine a spotlight on the talent, ambition and potential within Special Olympics Great Britain and to redefine what is seen as possible. Angus was one of 10 Special Olympics Great Britain athletes that lined up at the London Marathon start line in Greenwich Park in 2026.

Our competition programme has continued to grow over the last 12 months, thanks to the dedication of our volunteers and the increasing demand for inclusive sporting opportunities. As part of this development, it was very exciting to support the new competition format for the first National Summer Games for nine years, which will begin in May 2026.

Equally important has been the continued development of our Athlete Leadership Programme, which now has more than 100 graduates. These athletes are taking on visible roles as leaders, ambassadors and decision-makers - shaping programmes, representing the movement publicly, and ensuring that lived experience is at the heart of everything we do.

We have also made strong progress in strengthening our partnerships and increasing our visibility in ways that drive meaningful change. Through strategic collaborations with nationally recognised brands, growing media presence and a focus on athlete-led storytelling, we are reaching new audiences and reshaping how inclusion is understood. Campaigns such as Meals That Matter (a collaboration with Co-op and Coca-Cola Europacific Partners (CCEP)) demonstrated the power of placing athletes at the centre - not as subjects of support, but as credible and compelling voices leading the narrative.

None of these achievements would be possible without the unwavering commitment of our volunteers, coaches, partners and supporters. Their passion and dedication continue to drive our movement forward and create life-changing opportunities for our athletes.

As we look ahead, we remain focused on building on this momentum - increasing participation, strengthening the quality of our programmes, and expanding the reach of our partnerships. Above all, we are committed to a future where people with intellectual disabilities are consistently seen, valued and taken seriously - in sport and in society.

Together, we are not only developing athletes but also creating a more inclusive and understanding society.

Inclusion in Action

Special Olympics Great Britain continued moving forwards with its extended Inclusion In Action strategy throughout 2025. This continues to be the framework of Special Olympics Great Britain and supports our quest to help transform the lives of more of the 1.5 million people who live with an intellectual disability in England, Scotland and Wales.

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Docusign Envelope ID: F5CEAECF-1D08-8CA0-82AE-B66B6FD5AE17

SPECIAL OLYMPICS GREAT BRITAIN (A COMPANY LIMITED BY GUARANTEE)

TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

The four objectives of the strategy are:

Develop an effective delivery environment

Grow participation to record Great Britain levels

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Docusign Envelope ID: F5CEAECF-1D08-8CA0-82AE-B66B6FD5AE17

SPECIAL OLYMPICS GREAT BRITAIN (A COMPANY LIMITED BY GUARANTEE)

TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

Grow our engagement levels – using athlete-led storytelling to shift perceptions and inspire action

In 2025, we placed athletes firmly at the centre of our storytelling - ensuring their voices, experiences and achievements are what audiences connect with first:

Generate sustainable and diverse fundraising

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Docusign Envelope ID: F5CEAECF-1D08-8CA0-82AE-B66B6FD5AE17

SPECIAL OLYMPICS GREAT BRITAIN (A COMPANY LIMITED BY GUARANTEE)

TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

Plans for Future Periods

In 2026 we will:

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Docusign Envelope ID: F5CEAECF-1D08-8CA0-82AE-B66B6FD5AE17

SPECIAL OLYMPICS GREAT BRITAIN (A COMPANY LIMITED BY GUARANTEE)

TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

Financial Review

The Consolidated Statement of Financial Activities for the year to 31 December 2025 is set out on page 17 of the accounts and shows income for the year of £1,825,452 a decrease of £26,454 when compared to the previous year and offset significantly by a decrease in expenditure of £204,985.

That decrease in expenditure is as a result of a reduction in the cost of raising funds and a National Games not taking place during the year.

Total staff costs increased by 3.8%, almost half of these are funded by our System Partnership with Sport England.

Cash held by the clubs and regions totals £847,466, a reduction of over £52k when compared to the previous year. National Office reserves increased from £(55,401) to £865 by the end of the period (see Note 17).

Consolidated net assets as at 31 December 2025 across the Special Olympics Great Britain National Office and regions were £1,085,769. Debtors as of 31 December 2025 have increase by just over £53k when compared to the previous year and creditors have reduced by just under £43k.

Principal Funding Sources

The four-year System Partnership with Sport England has continued to provide funding stability for a significant part of the structure of the National Office team with £382,000 committed per year.

Special Olympics Great Britain’s relationship with its corporate partners continued to thrive in 2025. CCEP supported a further Unified Business project, the Meals That Matter collaboration with Co-op as well as involvement in other areas of the organisation. Fullers, Smith & Turner integrated its staff into several events and fundraising initiatives and the partnership with Toyota GB continued.

There was further invaluable support from Next UK, Mitsubishi Electric, Topgolf and ICAP (through its Charity Day).

Grants were received from the Hometown Foundation, Peter Harrison Foundation, The Alchemy Foundation, The Baily Thomas Charitable Fund, CCEP Neighbourly Fund, The FA and The Gosling Foundation. We also received one legacy gift.

More than £47k was also received in grants through Special Olympics International and Special Olympics Europe Eurasia (including links with Lions Club International, Crocs, United Airlines, CNA Hardy, Toyota Motor Europe, Law Enforcement Torch Run Scotland and UPS.

More than £66k (2024: £61,984) was raised by individuals through online fundraising portals.

The Trustees would like to extend their sincere thanks to all of Special Olympics Great Britain’s supporters, partners, sponsors, donors and Ambassadors for their continued generous support – including all of those mentioned above along with Thinkbeyond, ESPN, Continua Coaching, Ocean Outdoor and Adam’s Street Partners.

Special Olympics Great Britain Principal Ambassador: Jack Grealish

Special Olympics Global Ambassadors: Alia Atkinson, Andre Drummond, Avril Lavigne, Robert ‘Bob’ Beamon, Charles Melton, Chris Nikic, Dale Moss, Dalton Risner, Damian Lillard, Devin Booker, Didier Drogba, Drew MacIntyre, Eddie Barbanell, Elena Delle Donne, Erika Ender, Gabriela (Gaby) Dabrowski, Hannah Teter, Hidetoshi Nakata, Hussein Fahmy, Ibtihaj Muhammad, In-Kyung Kim, Jamaal Charles, John C. McGinley, Julen Lopetegui, Katherine Schwarzenegger & Chris Pratt, Li Na, Mack Hollins, Maureen McCormick, Michael Phelps, Nadia Comaneci, Nicole Scherzinger, Nigel Barker, Padraig Harrington, Sam Perkins, Dr. Seun Adigun, Tristan Thompson, Victoria Arlen, Vladimir ‘Vanja’ Grbic, Yang Lan, Yang Yang, Yao Ming, Zhou Guanyu, Zhou Xun and Zou Shiming.

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Docusign Envelope ID: F5CEAECF-1D08-8CA0-82AE-B66B6FD5AE17

SPECIAL OLYMPICS GREAT BRITAIN (A COMPANY LIMITED BY GUARANTEE)

TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

Special Olympics Great Britain Ambassadors: Jim Carter, Matt Richards, Eilish McColgan, Tom Stoltman and Luke Stoltman.

Special Olympics Advocate: Greg Silvester.

Our People

Special Olympics Great Britain is committed to investing in and continually improving the capability and competence of the Charity’s team through robust recruitment processes, training and personal development, and engagement with those benefitting from and those delivering the Charity’s charitable programmes. Operating as an effective and efficient business is critical and the whole team is dedicated to ensuring the limited funds, and resources of the Charity are being used to achieve the maximum impact.

Special Olympics Great Britain’s staff work predominantly from home, and technology allows that to be undertaken in an effective, secure and efficient way. Weekly on-line staff meetings are held for the whole team, and face-to-face team days take place at least quarterly. Individual teams are also encouraged to meet on a regular basis as budget allows. The health & wellbeing of the staff is a high priority for the organisation. During the course of the year, Special Olympics Great Britain has been working with Continua Coaching Ltd on a pro-bono basis providing the staff team with whole team and one-to-one coaching opportunities.

The organisation is committed to employment policies and procedures based on equal opportunities for all current & future employees, Trustees, and other volunteers. Diversity is celebrated and a supportive and fair culture is fostered where everyone is treated with respect and dignity.

Volunteers are a vital support to the organisation and without them it would not be possible to operate.

Volunteers

Special Olympics Great Britain is supported by an exceptional team of volunteers working throughout GB who give many hours of their time and contribute significantly to the operation of the Charity. Their unwavering support and dedication improves the lives of individuals with intellectual disabilities and their commitment does not go unnoticed. We are so grateful and give thanks for the impact their work has on the lives of athletes and participants both on and off the sporting field.

At the end of 2025, there were 6,144 active volunteers associated with the Charity assisting with numerous activities during the year including sports coaching, event management, fundraising, financial activities, photography and athlete administration. This is an increase of more than three per cent when compared to 2024 (5,940). No monetary cost of volunteering time is included within the financial statements.

Statement of Public Benefit

Special Olympics Great Britain provides public benefit as a Charity through all the charitable programme areas detailed above. The Trustees have complied with their duty in accordance with the Charities Act 2011 to have due regard to the Charity Commission’s guidance when reviewing the Charity’s aims and objectives, approving funding for projects and programmes, and in planning and undertaking current and future activities. Taking the Charity Commission’s guidance into consideration, the Trustees are satisfied that our public benefit requirements have been met.

Reserves Policy

Total funds of the Charity at 31 December 2025 are £1,085,769. These comprise of £237,849 of restricted funds including £107,082 Sport England, £8,450 The FA, £25,000 Unified Schools, £27,754 MATP and £69,563 belonging to, or being held on behalf of, the regions and £847,920 unrestricted funds. In line with the Charity Commission guidelines, the Trustees define the Charity’s unrestricted and undesignated reserves as income which is available to the Charity and is to be expended at the Trustees discretion in furtherance of any of the Charity’s objects, but which has not yet been spent, committed, or designated.

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Docusign Envelope ID: F5CEAECF-1D08-8CA0-82AE-B66B6FD5AE17

SPECIAL OLYMPICS GREAT BRITAIN (A COMPANY LIMITED BY GUARANTEE)

TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

The Trustees confirm that the unrestricted and undesignated reserves (‘free reserves’) should be an amount no less than the full costs of closure of the Charity (which includes three months operating costs) should circumstances dictate that eventuality. This figure has been calculated as £275,296 for 2026 financial year. At the end of the year, unrestricted undesignated reserve funds for National Office use were £865, an increase of £56,266 when compared to 2024. Trustees and Senior Management will continue to budget and initiate cost savings to meet the reserves target for 2027.

Charity Governance & Codes of Practice

A Governance Sub-committee assists the Trustees to discharge its duties in this area. The Sub-committee has clear Terms of Reference setting out their responsibilities.

The Charity supports the principles of the Charity Governance Code fully and continues to review its practice against it and in line with a plan to implement agreed actions. Special Olympics Great Britain recognises that good governance is fundamental to its success and strives to develop high standards of governance and acknowledges that making governance as effective as possible will further the Charity’s mission in line with the values that underpin it.

In February 2025, it was confirmed that the Charity had attained UK Sport Tier 3 Code for Sports Governance. ‘A Code for Sports Governance’ was developed by Sport England and UK Sport to drive improvement across all areas of governance and seeks to set a progressive landscape for sport governance development and improvement over the next few years.

Work is also underway to ensure compliance with new Fundraising Regulator Code of Fundraising Practice which came into effect on 1 November 2025, and this will continue into 2026. Special Olympics Great Britain is registered with the Fundraising Regulator.

Pay Policy

The key management personnel of the Charity comprise the Trustees, CEO and Director of Operations and they are responsible for directing, controlling, running, and operating the Charity on a day-to-day basis. A new role of Director of Development has been created and will be expected to join the Charity as key management personnel in January 2026. All Trustees give their time freely and no Trustee remuneration was paid during the year. Details of Trustee expenses and any related party transactions are disclosed in notes 11 and 24 to the accounts. Trustees review and approve senior staff remuneration and ensure it remains fair but competitive so that Special Olympics Great Britain can attract and retain effective leaders with the right skills and experience.

The Trustees determine and agree the overall policy for the remuneration and pension arrangements for all the Charity’s employees and are consulted on any major changes to employee benefits. An annual review of all salaries and benefits is carried out. The Trustees have the responsibility to ensure they are doing the right thing to steward the Charity sustainably but will continue to ensure staff are supported in a targeted, meaningful and affordable way.

A Remuneration and Nominations Sub-committee assists the Trustees to discharge their duties in this area. The Sub-committee has clear Terms of Reference setting out their responsibilities.

Board Effectiveness

A Board Skills Matrix was completed by all Trustees during the year which included a review of Board composition, skills, knowledge, demographic and experience, to ensure the Trustees have the necessary skills, experience and diversity for effective decision making.

Recruitment began in August 2025 to add four new Trustees to the Board covering the specialist areas of Governance, SEN/Education, Income Generation and Government/Political Advocacy. The new Trustees are expected to join the Board in the first quarter of 2026.

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Docusign Envelope ID: F5CEAECF-1D08-8CA0-82AE-B66B6FD5AE17

SPECIAL OLYMPICS GREAT BRITAIN (A COMPANY LIMITED BY GUARANTEE)

TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

As required as part of our Tier 3 Code for Sports Governance status, an externally facilitated evaluation of the Board began in November 2025 and will be completed in 2026, and a plan will be agreed and implemented to take forward any actions resulting from the evaluation.

Individual Trustee performance reviews are carried out annually by the Chair and Senior Independent Trustee.

Investment Policy

The Trustees acknowledge their legal duty to apply charitable funds within a reasonable time of receiving them. The Trustees also acknowledge the need for prudence and caution in their investment policies whilst also recognising their duty to seek to obtain the most appropriate financial return from the Charity’s investments.

Going Concern Information

Ongoing effects of the rise in the cost of living and the recovery from the pandemic, continues to result in a very challenging and difficult fundraising environment. Accurate budgeting and forecasting have been imperative and will remain so along with the proper management of the organisation’s finances and risks. With these measures in place, alongside a three-year Fundraising Strategy to the end of 2027 which concentrates on the diversification of income streams, the Trustees are confident that the Charity is in a position to continue as a going concern for the foreseeable future and, therefore, the financial statements have been prepared on this basis.

This report has been prepared in accordance with the Statement of Recommended Practice - Accounting and Reporting by Charities and the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

P. D. Richardson Chair

Date 27/7/2026

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Docusign Envelope ID: F5CEAECF-1D08-8CA0-82AE-B66B6FD5AE17

SPECIAL OLYMPICS GREAT BRITAIN (A COMPANY LIMITED BY GUARANTEE)

STATEMENT OF TRUSTEES' RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2025

The Trustees (who are also the Directors of the Charity for the purposes of company law) are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial year. Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Group and the Charity and of their incoming resources and application of resources, including their income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Group and the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Group and the Charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Group and the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by order of the members of the Board of Trustees and signed on its behalf by:

P. D. Richardson Chair

Date: 27/7/2026

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Docusign Envelope ID: F5CEAECF-1D08-8CA0-82AE-B66B6FD5AE17

SPECIAL OLYMPICS GREAT BRITAIN

(A COMPANY LIMITED BY GUARANTEE)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF SPECIAL OLYMPICS GREAT BRITAIN

Opinion

We have audited the financial statements of Special Olympics Great Britain (the 'Parent Charitable Company') and its subsidiaries (the 'Group') for the year ended 31 December 2025 which comprise the Consolidated Statement of Financial Activities, the Consolidated Balance Sheet, the Charity Balance Sheet, the Consolidated Statement of Cash Flows and the related notes, including a summary of 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:

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 Auditors' 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 United Kingdom, including the Financial Reporting Council'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 Group's or the Parent Charitable Company's ability to continue as a going concern for a period of at least twelve 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 other information comprises the information included in the Annual Report other than the financial statements and our Auditors' Report thereon. The Trustees are responsible for the other information contained within the Annual Report. 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 course of 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.

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Docusign Envelope ID: F5CEAECF-1D08-8CA0-82AE-B66B6FD5AE17

SPECIAL OLYMPICS GREAT BRITAIN (A COMPANY LIMITED BY GUARANTEE)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF SPECIAL OLYMPICS GREAT BRITAIN (CONTINUED)

We have nothing to report in this regard.

Opinion on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees' Report.

We have nothing to report in respect of the following matters in relation to which Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of Trustees

As explained more fully in the Trustees' responsibilities statement, the Trustees (who are also the directors of the charitable company for the purposes of company law) 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's and the Parent Charitable Company'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 Group or the Parent Charitable Company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

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 Auditors' 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.

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Docusign Envelope ID: F5CEAECF-1D08-8CA0-82AE-B66B6FD5AE17

SPECIAL OLYMPICS GREAT BRITAIN

(A COMPANY LIMITED BY GUARANTEE)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF SPECIAL OLYMPICS GREAT BRITAIN (CONTINUED)

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

As a result of these procedures, we considered the opportunities and incentives that may exist within the organisation for fraud, which included incorrect recognition of revenue and management override of controls using manual journal entries, and these were identified as the greatest potential area for fraud.

In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override.

We also obtained an understanding of the legal and regulatory frameworks that the company operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the UK Companies Act and tax legislation.

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 may be fundamental to the company's ability to operate or to avoid a material penalty. These included occupational health and safety regulations and employment legislation.

Our procedures to respond to risks identified included the following:

We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members, and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.

Page 15

Docusign Envelope ID: F5CEAECF-1D08-8CA0-82AE-B66B6FD5AE17

SPECIAL OLYMPICS GREAT BRITAIN

(A COMPANY LIMITED BY GUARANTEE)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF SPECIAL OLYMPICS GREAT BRITAIN (CONTINUED)

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' Report.

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006, and to the charitable company's trustees, as a body, Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an Auditors' 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 charitable company and its members, as a body, for our audit work, for this report, or for the opinions we have formed.

David Butler FCA DChA (Senior statutory auditor) for and on behalf of Bishop Fleming Audit Limited Chartered Accountants Statutory Auditors 10 North Place Cheltenham GL50 4DW Date: 28/7/2026

Page 16

Docusign Envelope ID: F5CEAECF-1D08-8CA0-82AE-B66B6FD5AE17

SPECIAL OLYMPICS GREAT BRITAIN (A COMPANY LIMITED BY GUARANTEE)

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2025

Note
Income from:
Donations and legacies
4
Charitable activities
5
Other trading activities
6
Investments
Other income
Total income
Expenditure on:
Raising funds
Charitable activities
7
Total expenditure
Net income/(expenditure)
Transfers between funds
17
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Unrestricted
funds
2025
£
290,061
267,071
480,110
5,489
38,374
1,081,105
195,055
879,955
1,075,010
6,095
(2,187)
3,908
844,012
3,908
847,920		 Restricted
funds
2025
£
715,646
-
-
-
28,701
744,347
-
672,097
672,097
72,250
2,187
74,437
163,412
74,437
237,849		 Total
funds
2025
£
1,005,707
267,071
480,110
5,489
67,075
1,825,452
195,055
1,552,052
1,747,107
78,345
-
78,345
1,007,424
78,345
1,085,769		 Total
funds
2024
£
919,162
340,649
530,922
5,350
55,823
1,851,906
222,071
1,730,021
1,952,092
(100,186)
-
(100,186)
1,107,610
(100,186)
1,007,424

Page 17

Docusign Envelope ID: F5CEAECF-1D08-8CA0-82AE-B66B6FD5AE17

SPECIAL OLYMPICS GREAT BRITAIN (A COMPANY LIMITED BY GUARANTEE) REGISTERED NUMBER:02301452

CONSOLIDATED BALANCE SHEET AS AT 31 DECEMBER 2025

Note
Fixed assets
Tangible assets
12
Current assets
Debtors
14
Cash at bank and in hand
Current liabilities
Creditors: amounts falling due within one
year
15
Net current assets
Total assets less current liabilities
Creditors: amounts falling due after more
than one year
16
Total net assets
Charity funds
Restricted funds
17
Unrestricted funds
17
Total funds		 158,363
1,147,379
1,305,742
(125,474)		 2025
£
4,231
4,231
1,180,268
1,184,499
(98,730)
1,085,769
237,849
847,920
1,085,769		 104,905
1,161,656
1,266,561
(245,804)		 2024
£
7,890
7,890
1,020,757
1,028,647
(21,223)
1,007,424
163,412
844,012
1,007,424

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:

P. D. Richardson A. T. Young Chair Treasurer Date: 27/7/2026 24/7/2026

The notes on pages 21 to 40 form part of these financial statements.

Page 18

Docusign Envelope ID: F5CEAECF-1D08-8CA0-82AE-B66B6FD5AE17

SPECIAL OLYMPICS GREAT BRITAIN (A COMPANY LIMITED BY GUARANTEE) REGISTERED NUMBER:02301452

CHARITY STATEMENT OF FINANCIAL POSITION FOR THE YEAR ENDED 31 DECEMBER 2025

Note
Fixed assets
Tangible assets
12
Investments
13
Current assets
Debtors
14
Cash at bank and in hand
Current liabilities
Creditors: amounts falling due within one
year
15
Net current assets
Total assets less current liabilities
Creditors: amounts falling due after more
than one year
16
Total net assets
Charity funds
Restricted funds
17
Unrestricted funds
17
Total funds		 205,335
1,085,963
1,291,298
(110,620)		 2025
£
4,231
1
4,232
1,180,678
1,184,910
(98,730)
1,086,180
237,849
848,331
1,086,180		 111,618
1,084,219
1,195,837
(174,670)		 2024
£
7,890
1
7,891
1,021,167
1,029,058
(21,223)
1,007,835
163,412
844,423
1,007,835

The Charity's net movement in funds for the year was £78,345 (2024 - £(100,186)).

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:

P. D. Richardson A. T. Young
Chair Treasurer
Date:
27/7/2026		 24/7/2026

The notes on pages 21 to 40 form part of these financial statements.

Page 19

Docusign Envelope ID: F5CEAECF-1D08-8CA0-82AE-B66B6FD5AE17

SPECIAL OLYMPICS GREAT BRITAIN (A COMPANY LIMITED BY GUARANTEE)

CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2025

Cash flows from operating activities
Net cash used in operating activities
Cash flows from investing activities
Interest receivable
Purchase of tangible fixed assets
Net cash provided by investing activities
Cash flows from financing activities
Cash inflows from new borrowing
Repayments of borrowing
Interest payable
Net cash provided by/(used in) financing activities
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year		 2025
£
(47,492)
5,489
(1,500)
3,989
103,000
(69,305)
(4,469)
29,226
(14,277)
1,161,656
1,147,379		 2024
£
(223,534)
5,350
(3,460)
1,890
-
(45,121)
(6,603)
(51,724)
(273,368)
1,435,024
1,161,656

The notes on pages 21 to 40 form part of these financial statements

Page 20

Docusign Envelope ID: F5CEAECF-1D08-8CA0-82AE-B66B6FD5AE17

SPECIAL OLYMPICS GREAT BRITAIN (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

1. General information

Special Olympics Great Britain is a Charitable Company limited by guarantee incorporated in England & Wales and domiciled in England.

The registered office is 483 Green Lanes, London, England, N13 4BS. The Charitable Company's registered number is 02301452.

In the event of the Charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the Charity.

The Charity is registered as a Charity, no. 800329, with the Charity Commission and is exempted from Corporation Tax on its income in the year.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - 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 (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Special Olympics Great Britain meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

The presentation currency for the Group and the Charitable Company during the year was Sterling, and are rounded to the nearest £1.

The Consolidated Statement of Financial Activities (SOFA) and Consolidated Balance Sheet consolidate the financial statements of the Charity and its subsidiary undertaking. The results of the subsidiary are consolidated on a line by line basis.

The Charity has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own Statement of Financial Activities in these financial statements.

2.2 Going concern

Whilst the Charity has some permanent funding arrangements to cover its costs and sporting events, the Charity has always required additional donated income to cover expenditure by the National Office. Sponsorship and donations have historically been forthcoming and, although not guaranteed, have been sufficient to cover the regular expenditure of the National Office as it arose. With the fundraising strategy in place until 2027 and the focus on the diversification of income streams, at the end of 2025 the Board have no reason to believe this situation will not continue.

During the year, the existing significant longer term sponsorship has largely continued and some additional multi-year and one-off funding by trusts, foundations, companies and Sport England have been obtained, extending support for national (rather than regional) purposes.

After making appropriate enquires, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. The Board therefore considers it appropriate to prepare the accounts on the going concern basis given the charitable operations, current projections and historic performance.

Page 21

Docusign Envelope ID: F5CEAECF-1D08-8CA0-82AE-B66B6FD5AE17

SPECIAL OLYMPICS GREAT BRITAIN (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

2. Accounting policies (continued)

2.3 Income

All income is recognised once the Charity has entitlement to the income. It is probable that the income will be received and the amount of income receivable can be measured reliably.

Grants are included in the Consolidated Statement of Financial Activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance Sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

All monetary donations and gifts are credited to the income and expenditure account in the period of receipt. Donations under Gift Aid together with the associated income tax recoveries are credited to the income and expenditure account when the donations are received.

Incoming resources from charitable activities are accounted for when earned.

2.4 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources.

Expenditure on raising funds includes all expenditure incurred by the Group to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading. This largely involves actively seeking donors and sponsors, but also includes the costs incurred in holding events by the Charity and activities carried out by individuals that result in funds being raised.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Group's objectives, as well as any associated support costs. This involves training and competitive activities together with 'awareness and promotional' activities which have the main intention of increasing the number of people benefitting from the Charity's activities. The cost of sports kit purchased is partially offset by sales of small amounts of kit and related merchandise.

2.5 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Group; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

2.6 Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at rates of exchange ruling at the reporting date.

Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction.

Exchange gains and losses are recognised in the Consolidated Statement of Financial Activities.

Page 22

Docusign Envelope ID: F5CEAECF-1D08-8CA0-82AE-B66B6FD5AE17

SPECIAL OLYMPICS GREAT BRITAIN (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

2. Accounting policies (continued)

2.7 Taxation

The Charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a Charitable Company for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

2.8 Tangible fixed assets and depreciation

Tangible fixed assets costing £1,000 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment - 25%

2.9 Investments

Investments in subsidiaries are valued at cost less provision for impairment.

2.10 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

2.11 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

2.12 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Consolidated Statement of Financial Activities as a finance cost.

Page 23

Docusign Envelope ID: F5CEAECF-1D08-8CA0-82AE-B66B6FD5AE17

SPECIAL OLYMPICS GREAT BRITAIN (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

2. Accounting policies (continued)

2.13 Financial instruments

The Group 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.

2.14 Pensions

The Group operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Group to the fund in respect of the year.

2.15 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Group and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Group for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

3. Critical accounting estimates and areas of judgement

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Critical accounting estimates and assumptions:

The Charity makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results. There are no estimates or assumptions which have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Page 24

Docusign Envelope ID: F5CEAECF-1D08-8CA0-82AE-B66B6FD5AE17

SPECIAL OLYMPICS GREAT BRITAIN (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

4. Income from donations and legacies

Unrestricted
funds
2025
£
Donations
191,945
Grants from Sport England
-
Grants from Special Olympics International
36,187
Grants from Trusts and Foundations
61,929
290,061
Total 2024
293,895
5.
Income from charitable activities		 Restricted
funds
2025
£
55,000
396,845
10,829
252,972
715,646
625,267		 Total
funds
2025
£
246,945
396,845
47,016
314,901
1,005,707
919,162		 Total
funds
2024
£
310,349
382,000
60,379
166,434
919,162
Unrestricted
funds
2025
£
Sporting Events - World Summer Games
8,664
Sporting Events - National Winter Games
-
Sporting Events - Regional Events
88,006
Sporting Events - Other Events
-
Subscriptions and training fees
170,401
267,071
Total 2024
340,649		 Total
funds
2025
£
8,664
-
88,006
-
170,401
267,071
340,649		 Total
funds
2024
£
-
118,480
80,423
483
141,263
340,649

Page 25

Docusign Envelope ID: F5CEAECF-1D08-8CA0-82AE-B66B6FD5AE17

SPECIAL OLYMPICS GREAT BRITAIN (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

6. Income from other trading activities

Income from fundraising events

Unrestricted
funds
2025
£
Fundraising events and activities
93,037
Total 2024
87,382
Income from non charitable trading activities
Unrestricted
funds
2025
£
Sponsorship
387,073
Total 2024
443,540		 Total
funds
2025
£
93,037
87,382
Total
funds
2025
£
387,073
443,540		 Total
funds
2024
£
87,382
Total
funds
2024
£
443,540

7. Analysis of expenditure on charitable activities Summary by fund type

Unrestricted
funds
2025
£
Awareness & promotion
103,165
Sports programme
776,790
879,955
Total 2024
1,159,387		 Restricted
funds
2025
£
1,100
670,997
672,097
570,634		 Total
funds
2025
£
104,265
1,447,787
1,552,052
1,730,021		 Total
funds
2024
£
92,357
1,637,664
1,730,021

Page 26

Docusign Envelope ID: F5CEAECF-1D08-8CA0-82AE-B66B6FD5AE17

SPECIAL OLYMPICS GREAT BRITAIN (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

8. Analysis of expenditure by activities

Awareness & promotion
Sports programme
Total 2024		 Activities
undertaken
directly
2025
£
10,995
564,474
575,469
730,395		 Support
costs
2025
£
93,270
883,313
976,583
999,626		 Total
funds
2025
£
104,265
1,447,787
1,552,052
1,730,021		 Total
funds
2024
£
92,357
1,637,664
1,730,021

Analysis of direct costs

Event costs
Sports kit, equipment and training
World Summer Games costs
National Winter Games costs
Total 2024		 Awareness
&
promotion
2025
£
10,995
-
-
-
10,995
19,330		 Sports
programme
2025
£
356,613
205,811
2,050
-
564,474
711,065		 Total
funds
2025
£
367,608
205,811
2,050
-
575,469
730,395		 Total
funds
2024
£
463,594
123,969
48,695
94,137
730,395

Page 27

Docusign Envelope ID: F5CEAECF-1D08-8CA0-82AE-B66B6FD5AE17

SPECIAL OLYMPICS GREAT BRITAIN (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

8. Analysis of expenditure by activities (continued)

Analysis of support costs

Awareness
&
promotion
2025
Sports
programme
2025
£
£
Staff costs
77,969
651,265
Depreciation
-
5,159
Travel and subsistence
995
59,096
Office expenses
-
37,781
IT & telephone costs
2,985
33,146
Printing, postage and stationery
11
5,453
Entertainment
-
1,689
Subscriptions
-
1,975
Sundry expenses
-
1,194
SOI accreditation fees
-
18,625
Legal and professional fees
-
1,582
Consultancy fees
11,310
16,875
Accountancy
-
2,890
Fees paid to auditors
-
21,530
Staff recruitment and training
-
10,011
Bank charges and interest
-
15,042
93,270
883,313
Total 2024
73,027
926,599
9.
Auditors' remuneration
Fees payable to the Charity's auditor for the audit of the Charity's annual
accounts
Fees payable to the Charity's auditor in respect of:
All taxation advisory services not included above		 Total
funds
2025
£
729,234
5,159
60,091
37,781
36,131
5,464
1,689
1,975
1,194
18,625
1,582
28,185
2,890
21,530
10,011
15,042
976,583
999,626
2025
£
20,280
1,250		 Total
funds
2024
£
676,854
5,550
81,005
40,517
25,768
8,966
2,286
1,681
6,362
17,986
1,132
74,581
23,520
20,700
2,154
10,564
999,626
2024
£
19,500
1,200

Page 28

Docusign Envelope ID: F5CEAECF-1D08-8CA0-82AE-B66B6FD5AE17

SPECIAL OLYMPICS GREAT BRITAIN (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

10. Staff costs

Wages and salaries
Social security costs
Contribution to defined contribution pension
schemes		 Group
2025
£
756,938
89,485
18,494
864,917		 Group
2024
£
738,408
74,693
19,855
832,956		 Charity
2025
£
756,938
89,485
18,494
864,917		 Charity
2024
£
738,408
74,693
19,855
832,956

The average number of persons employed by the Charity during the year was as follows:

Key management
Fundraising and sports development
Finance and administration		 Group
2025
No.
2
14
2
18		 Group
2024
No.
3
14
2
19

The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:

Group Group
2025 2024
No. No.
In the band £60,001 - £70,000 1 -
In the band £80,001 - £90,000 1 1

During the year, the Charity incurred costs totalling £168,002 (2024: £192,014), including employer's NIC and employer's pension, in respect of key management personnel.

11. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2024 - £NIL).

During the year ended 31 December 2025, expenses totalling £737 were reimbursed or paid directly to 4 Trustees (2024 - £1,747 to 2 Trustees).

Page 29

Docusign Envelope ID: F5CEAECF-1D08-8CA0-82AE-B66B6FD5AE17

SPECIAL OLYMPICS GREAT BRITAIN (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

12.
Tangible fixed assets
Group and Charity
Cost or valuation
At 1 January 2025
Additions
At 31 December 2025
Depreciation
At 1 January 2025
Charge for the year
At 31 December 2025
Net book value
At 31 December 2025
At 31 December 2024		 Office
equipment
£
26,539
1,500
28,039
18,649
5,159
23,808
4,231
7,890

Page 30

Docusign Envelope ID: F5CEAECF-1D08-8CA0-82AE-B66B6FD5AE17

SPECIAL OLYMPICS GREAT BRITAIN (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

13. Fixed asset investments

Charity
Cost or valuation
At 1 January 2025
At 31 December 2025
Net book value
At 31 December 2025
At 31 December 2024		 Investments
in
subsidiary
companies
£
1
1
1
1

Principal subsidiaries

The following was a subsidiary undertaking of the Charity:

Name Company Registered office or principal
number place of business
SOGB Promotions Limited 04399613 10 Temple Back, Bristol,
England, BS1 6FL
Principal activity Class of
shares
Promoting and obtaining sponsorship 100%
for the Special Olympics movement in Ordinary
Great Britain

The financial results of the subsidiary for the year were:

Name Income Expenditure Net assets /
(liabilities)
£ £ £
SOGB Promotions Limited 387,073 (387,073) (411)

Page 31

Docusign Envelope ID: F5CEAECF-1D08-8CA0-82AE-B66B6FD5AE17

SPECIAL OLYMPICS GREAT BRITAIN (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

14. Debtors

Group
2025
£
Due within one year
Trade debtors
28,193
Amounts owed by group undertakings
-
Other debtors
39,590
Prepayments and accrued income
90,580
158,363
15.
Creditors: Amounts falling due within one year
Group
2025
£
Bank loans
4,270
Other taxation and social security
10,174
Other creditors
84,664
Accruals and deferred income
26,366
125,474		 Group
2024
£
-
-
38,078
66,827
104,905
Group
2024
£
48,082
24,255
104,282
69,185
245,804		 Charity
2025
£
-
122,266
39,590
43,479
205,335
Charity
2025
£
4,270
-
84,664
21,686
110,620		 Charity
2024
£
-
6,713
38,078
66,827
111,618
Charity
2024
£
48,082
-
104,282
22,306
174,670

16. Creditors: Amounts falling due after more than one year

Group Group Charity Charity
2025 2024 2025 2024
£ £ £ £
Bank loans 98,730 21,223 98,730 21,223

The loan of £103,000 (2024: £69,305) is repayable in monthly installments over 5 years. Interest is payable on the loan at 8% per annum.

Page 32

Docusign Envelope ID: F5CEAECF-1D08-8CA0-82AE-B66B6FD5AE17

SPECIAL OLYMPICS GREAT BRITAIN (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

17. Statement of funds

Statement of funds - current year

Unrestricted funds
General Funds - National Office
General Funds - Regions
SOGB Promotions
Restricted funds
WWG Turin 2025
Dreamride
Competitions
Play Unified Sport Project
Unified Schools
Sport England
The FA
Breaking Limits Programme
Athlete & Unified Leadership
MATP
Regions
Safeguarding
TOTAL FUNDS		 Balance at 1
January
2025
£
(55,401)
899,824
(411)
844,012
-
-
-
3,756
-
117,127
1,000
11,547
-
-
29,982
-
163,412
1,007,424		 Income
£
305,696
388,336
387,073
1,081,105
50,000
5,487
93,785
-
52,000
382,000
38,700
-
40,829
44,845
28,701
8,000
744,347
1,825,452		 Expenditure
£
(247,243)
(440,694)
(387,073)
(1,075,010)
(35,016)
(4,698)
(69,376)
(3,756)
(27,000)
(392,045)
(31,250)
(11,547)
(40,829)
(17,091)
(31,489)
(8,000)
(672,097)
(1,747,107)		 Transfers
in/out
£
(2,187)
-
-
(2,187)
(14,984)
(789)
(24,409)
-
-
-
-
-
-
-
42,369
-
2,187
-		 Balance at
31
December
2025
£
865
847,466
(411)
847,920
-
-
-
-
25,000
107,082
8,450
-
-
27,754
69,563
-
237,849
1,085,769

Page 33

Docusign Envelope ID: F5CEAECF-1D08-8CA0-82AE-B66B6FD5AE17

SPECIAL OLYMPICS GREAT BRITAIN (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

17. Statement of funds (continued)

Special Olympics World Winter Games Turin 2025

The Games brought together athletes with intellectual disabilities from 101 countries and territories, supported by thousands of volunteers, coaches and family members.

Dreamride

The funding enabled two athletes accompanied by two members of SOGB staff to attend a Special Olympics International fundraising event in the USA. During the trip, the athletes were able to develop their independent living skills whilst also having the experience of a lifetime visiting Connecticut, New York City and Boston.

Competitions

The focus at Special Olympics Great Britain is on ability not disability. Our competitions are for people with intellectual disabilities or learning disabilities. They are non-elite and open to all abilities due to an inclusive ability banding system called Divisioning. This means we are able to offer our athletes the chance to compete among those with similar ability. Competition levels range from come and try or informal events to local, regional, national and international competitions.

Play Unified Sport Project

The Play Unified Sport Project aims to encourage joint activities by persons with and without intellectual disabilities.

Sport England

The Special Olympics Great Britain System Partnership status with Sport England was confirmed towards the end of 2022. The funding provided has enabled the organisation to confirm its delivery structure and fill key roles within the developing team including a Director of Operations, Head of Network, Network Development Managers, Safeguarding Lead, Competition Development Manager, Operations Support Officer and Head of Sport for Development.

Unified Schools

The project brings together people with and without intellectual disabilities to work across a range of different sporting activities to promote social inclusion.

The FA

A Football Development Officer was appointed in January 2024 in partnership with the English Football Association (The FA) and is at the forefront of our ambition to develop the Special Olympics Great Britain football offer and provide sport specific knowledge and guidance to clubs.

Breaking Limits Programme

The Breaking Limits Programme grant supports the delivery of a young leader training pathway for people with and without learning disabilities to develop leadership skills to become coaches and volunteers.

The Motor Activities Training Programme (MATP)

MATP is a unique programme for athletes of all ages with profound intellectual disabilities and complex needs. The programme provides meaningful sport and physical activity for all to access.

Athlete & Unified Leadership

The Athlete Leadership Programme aims to prepare athletes for leadership roles inside and outside the movement and to educate people without disabilities on how to make this happen.

Regions

Funds held by clubs or regions for delivery of their activities as well as funds held by national office on behalf of clubs and regions who have closed down, and to be spent in the club or regions geographical area and/or on or for items or events for which the funds were raised.

Page 34

Docusign Envelope ID: F5CEAECF-1D08-8CA0-82AE-B66B6FD5AE17

SPECIAL OLYMPICS GREAT BRITAIN (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

17. Statement of funds (continued)

Safeguarding

Provision of in-house specialist safeguarding support to ensure safeguarding is of the highest standard and that athlete engagement, welfare, and wellbeing remains a high priority.

Statement of funds - prior year

Unrestricted funds
General Funds - National Office
General Funds - Regions
SOGB Promotions
Restricted funds
Athlete Leadership
Dreamride
Health Impact
Play Unified Sport Project
Sport England
Sports Development
Unified Schools
World Summer Games 2023
The FA
Competitions
Breaking Limits Programme
MATP
Regions
TOTAL FUNDS		 Balance at
1 January
2024
£
5,331
982,261
(411)
987,181
-
-
4,918
17,096
58,272
1,392
38,751
-
-
-
-
-
-
120,429
1,107,610		 Income
£
367,979
415,120
443,540
1,226,639
30,688
7,722
-
8,148
382,000
-
-
-
3,500
107,052
21,750
34,425
29,982
625,267
1,851,906		 Expenditure
£
(440,361)
(497,557)
(443,540)
(1,381,458)
(30,688)
(3,520)
-
(8,022)
(323,145)
-
(44,960)
(6,119)
(2,500)
(107,052)
(10,203)
(34,425)
-
(570,634)
(1,952,092)		 Transfers
in/out
£
11,650
-
-
11,650
-
(4,202)
(4,918)
(13,466)
-
(1,392)
6,209
6,119
-
-
-
-
-
(11,650)
-		 Balance at
31
December
2024
£
(55,401)
899,824
(411)
844,012
-
-
-
3,756
117,127
-
-
-
1,000
-
11,547
-
29,982
163,412
1,007,424

Page 35

Docusign Envelope ID: F5CEAECF-1D08-8CA0-82AE-B66B6FD5AE17

SPECIAL OLYMPICS GREAT BRITAIN (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

18. Summary of funds

Summary of funds - current year


General funds
Restricted funds		 Balance at 1
January
2025
£
844,012
163,412
1,007,424
Balance at
1 January
2024
£
987,181
120,429
1,107,610		 Income
£
1,081,105
744,347
1,825,452
Income
£
1,226,639
625,267
1,851,906		 Expenditure
£
(1,075,010)
(672,097)
(1,747,107)
Expenditure
£
(1,381,458)
(570,634)
(1,952,092)		 Transfers
in/out
£
(2,187)
2,187
-
Transfers
in/out
£
11,650
(11,650)
-		 Balance at
31
December
2025
£
847,920
237,849
1,085,769
Balance at
31
December
2024
£
844,012
163,412
Summary of funds - prior year
General funds
Restricted funds
1,007,424

19. Analysis of net assets between funds

Analysis of net assets between funds - current year

Unrestricted
funds
2025
£
Tangible fixed assets
4,231
Current assets
1,067,893
Creditors due within one year
(125,474)
Creditors due after more than one year
(98,730)
Total
847,920		 Restricted
funds
2025
£
-
237,849
-
-
237,849		 Total
funds
2025
£
4,231
1,305,742
(125,474)
(98,730)
1,085,769

Page 36

Docusign Envelope ID: F5CEAECF-1D08-8CA0-82AE-B66B6FD5AE17

SPECIAL OLYMPICS GREAT BRITAIN (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

19. Analysis of net assets between funds (continued) Analysis of net assets between funds - prior year

Tangible fixed assets
Current assets
Creditors due within one year
Creditors due after more than one year
Total		 Unrestricted
funds
2024
£
7,890
1,103,149
(245,804)
(21,223)
844,012		 Restricted
funds
2024
£
-
163,412
-
-
163,412		 Total
funds
2024
£
7,890
1,266,561
(245,804)
(21,223)
1,007,424

20. Reconciliation of net movement in funds to net cash flow from operating activities

Net income/expenditure for the year (as per Statement of Financial
Activities)
Adjustments for:
Depreciation charges
Interest receivable and similar income
Loss on the sale of fixed assets
Interest payable and similar charges
Increase in debtors
Decrease in creditors
Net cash used in operating activities
21.
Analysis of cash and cash equivalents
Cash at bank and in hand
Total cash and cash equivalents		 Group
2025
£
78,345
5,159
(5,489)
-
4,469
(53,458)
(76,518)
(47,492)
Group
2025
£
1,147,379
1,147,379		 Group
2024
£
(100,186)
5,550
(5,350)
1,052
6,603
(6,676)
(124,527)
(223,534)
Group
2024
£
1,161,656
1,161,656

Page 37

Docusign Envelope ID: F5CEAECF-1D08-8CA0-82AE-B66B6FD5AE17

SPECIAL OLYMPICS GREAT BRITAIN (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

22. Analysis of changes in net debt

Cash at bank and in hand
Debt due within 1 year
Debt due after 1 year		 At 1
January
2025
£
1,161,656
(48,082)
(21,223)
1,092,351		 Cash flows
£
(14,277)
(33,695)
-
(47,972)		 Other non-
cash
changes
£
-
77,507
(77,507)
-		 At 31
December
2025
£
1,147,379
(4,270)
(98,730)
1,044,379

23. Pension commitments

The Group operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the Group in an independently administered fund. The pension cost charge represents contributions payable by the Group to the fund and amounted to £18,494 (2024: £19,855). Contributions totalling £1,529 (2024: £1,672) were payable to the fund at the Balance Sheet date and are included in creditors.

24. Related party transactions

No related party transactions took place in the year, other than certain Trustees' expenses already disclosed in note 11.

The Charity has taken advantage of exemptions available under FRS 102 Section 33.1A and has not disclosed transactions with wholly owned subsidiaries within the Group.

Page 38

Docusign Envelope ID: F5CEAECF-1D08-8CA0-82AE-B66B6FD5AE17

SPECIAL OLYMPICS GREAT BRITAIN (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

25. Regions and their Groups

The Regions and Groups accredited by Special Olympics Great Britain are as follows:

a. Branches

Regions and their Groups whose operations are considered to be wholly dedicated to the activities of Special Olympics Great Britain and whose results and balances should therefore be included in these consolidated accounts are as follows:

YORKSHIRE/HUMBERSIDE NORTH WEST EASTERN
City of Hull Bury Essex
City of York Cheshire East Norfolk
Dearne Valley Cheshire North & West Peterborough
North Yorkshire Ellesmere Port, Chester & St. Albans
Sheffield (folded November 2025) Neston Suffolk
Wakefield
SOUTHERN EAST MIDLANDS NORTHERN
Bournemouth & District East Midlands Equestrian Gateshead, Tyne and Wear
Jersey South (folded November Group Skelton/Cleveland
2025) Leicestershire & Rutland Sunderland
East Hampshire (folded June 2025) Teesdale
Lincolnshire
WALES SOUTH EAST WEST MIDLANDS
Cardiff and Vale Brighton & Hove (SO Sussex) City of Birmingham
Carmarthenshire (restructured as Eastbourne Coventry
Sir Gar, see associate list below) South East Region Ski Group North Shropshire
North East Wales Surrey North Staffordshire
Wrexham Athletics Redditch
Wrexham Multisport Sandwell
Powys Solihull (folded January 2025)
Stafford
SOUTH WEST GREATER LONDON Sutton Colfield
North Devon (Barnstaple) Camden Telford & Shropshire (folded
Plymouth & District North London April 2025)
West Midlands Ski
Wolverhampton
Worcestershire

SCOTLAND

The Grampian Branch in Scotland is recognised as a Scottish Charity and reports to the Office of the Scottish Charity Regulator, in line with Scottish Charity Law.

Page 39

Docusign Envelope ID: F5CEAECF-1D08-8CA0-82AE-B66B6FD5AE17

SPECIAL OLYMPICS GREAT BRITAIN (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

b. Associates

Those Groups that are accredited by Special Olympics Great Britain, but whose activities and accounts include the support of many other charities and are therefore not included in these consolidated accounts are as follows:

YORKSHIRE/HUMBERSHIRE

Able2 Pontefract BKS Atheletics Borough of Kirklees Leeds Stars York Tennis Ability Summat Creative Absolute Fitness SO Powerlifting Sheffield Otters Sheffield Lynx Sheffield Strikers Sheffield Boccia

NORTH WEST

Blackpool Polar Bears Bryn Northwest Badminton Club Fylde Mosley CRT Rossendale Special Ski Club Southport & Formby Special Athletes Southport Waterloo AC DOSportUK - Greater Manchester

EASTERN

Special Olympics Cambridge Football Club Striving for Unity CIC The Badminton Academy Milton Keynes Dons Community Trust

SOUTHERN

Guernsey Special Gym Club Guernsey Dynamics Football Reading Cygnets Gosport Figure Skating

EAST MIDLANDS

Allstars Badminton Club Chesterfield Boccia Club Desford Tennis Club iFlip Gymnastics Club Knighton Park Table Tennis Lings Gymnastics Clubs Saffron Swim Club DOSportUK - Derbyshire SO Nottingham

NORTHERN

Elswick Harriers Stockton Wheelers Cycling Club Manilla Cycling Club

WALES SO Sir Gar Aberystwyth Basketball Club Strength Academy Wales Special Olympics Deeside

SOUTH EAST

Warren Clark Golfing Dreams SOGB Ascot United FC West Berkshire Powerlifters Southern Speedworx

SCOTLAND

Glasgow Eagles MacArthur Badminton Club Monifieth SC Fyrish Gymnastics

SOUTH WEST All in! Young Athletes Programme Bristol Sharks South West Equestrian Wild Shark Swim Club

GREATER LONDON Blackheath & Bromley Harries AC Brentford Football Club Falcon Spartak London Gymnastics Prime Acrobatics Woking Limited Edition Cycling SEN Sports Club

Page 40