It seems like we have barely blinked since I wrote this report last year, yet a whole year has gone by! This report provides me with the opportunity to look back on the last twelve months and enjoy a moment of reflection, in a world where we are always looking forwards and seeking to grow.

Let’s start with the highlight of the year, the 2024 Paralympic Games in Paris. The Games are the pinnacle of our sport and Paris did not disappoint. Our men achieved the best result in nearly 30 years, winning a silver medal in an incredibly close and dramatic game against the USA. Ours is a cruel sport in some ways, as to win a silver medal, you have to lose that final match which feels bittersweet in the moment. However, it is a fantastic achievement and I am proud of every single person who played a part in achieving that.

Our women finished fifth overall and took away a huge amount of learnings – for many of the women’s squad, this was their first experience of a Paralympic Games and they handled the pressure incredibly well. I am excited to see how they develop over the next four years as they are a young squad who have high ambitions!

Our younger GB squads also had a successful year. Our men’s Under 23 GB team won the European Championships in Spain in June, so the future of our sport on the world stage is looking promising.

Away from the Paralympic Games, we had another busy year. Our national championship finals were held in Essex and I would like to extend my thanks to the fabulous team at the University of Essex for the support that they gave us. It is no easy task to accommodate a weekend of wheelchair basketball but they did so in fine style. We try to move this event around the country every year, so that we can showcase the sport to new audiences, but this also provides challenges for the team to find different venues! Our national junior championships were held in Worcester once again and it was fantastic to see the strength of some of our younger players and teams.

The Board continues to evolve to meet the needs of the sport. We welcomed Andy Wright to the team, who has brought considerable commercial expertise to the team and has already made significant inroads into helping us grow our commercial income streams. Joe Bestwick stepped down from the board, as he wanted to focus on the coaching opportunities that have developed recently. We are very clear in our governance that board members may not earn any money from their association with British Wheelchair Basketball, which meant that Joe was unable to act in his role as a contracted junior GB coach and remain on the board. We would like to thank Joe for his contribution and will be cheering him on as a coach of our GB squad!

We continue to ensure that we meet the wide range of governance and regulatory frameworks expected of us. There is work going on in the wider sporting system to try and simplify some of these requirements, as it is incredibly time-intensive in some areas. We remain committed to ensuring that our sport provides a welcome, inclusive and supportive space for all and will continue to focus on this.

At the end of 2024, we were awarded our LA cycle investment from UK Sport. We received an 11% uplift on the Paris cycle, which was unexpected. We are grateful to UK Sport for their support but also for working alongside us in ensuring that we have a performance programme that is able to deliver ongoing success. The Sport England cycle will be coming to its end in the next two years so we are currently preparing our strategy for the next funding cycle. The economic climate continues to be a challenge so we cannot let up in our efforts to diversify our income streams.

We were grateful to receive a significant award from the Garfield Weston Foundation at the end of the financial year. This will support our efforts to grow the profile of the sport at a community level.

Our investment in technological infrastructure continues, beginning with the replacement membership system that is to be rolled out for the 2025/6 season. We are part of a pilot project with UK Sport to create a data strategy and infrastructure that will enable us to continue the digital transformation project beyond the new membership system.

This year, I have been lucky enough to spend time with a range of people from the wheelchair basketball community. This always reminds me how much we rely on our volunteer workforce to deliver the sport at all levels and how much time and effort everyone gives. I will never stop being grateful with that and want to end my introduction as always, by saying thank you to each and every person who gives their time so generously. You are the heartbeat of our sport and I thank you.

The Trustees present their annual report and financial statements for the year ended 31 March 2025.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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)".

British Wheelchair Basketball's charitable objectives are:

Providing opportunities for people with lower limb disabilities to participate in and enjoy sport through wheelchair basketball.

The trustees have given due consideration to the Charity Commission's published guidance on the operation of the public benefit requirement when reviewing our aims and objectives and in planning the charity's current and future activities. The achievements and activities outlined in this report demonstrate the public benefit arising from the charity's activities.

Performance

As already mentioned in the chair’s welcome, we had a successful Paralympic Games in Paris, where the GB Men won a silver medal and the GB Women finished fifth.

Our U23 GB Men won the European Championships in Spain in June 2024.

In the final year of the UK Sport funding cycle, we are assessing the impact of our investment into the performance programme. For the next cycle, we will continue to invest in the Women’s Premier League as it is for at least two more seasons but we recognise that there is work to be done to create the high-performance playing opportunities that the league originally intended to deliver. This will be considered as part of the wider Leagues and Competitions Review.

We will also consider the training environment for UK-based GB and GB Pathway athletes to ensure that all athletes have regular access to the training, including venues, that they need.

Community

Our membership numbers are now exceeding our targets, thanks mainly to the introduction of the recreational membership status. This has evidenced the continued need for the recreational playing offer that we deliver through the Motability Scheme Inspire Leagues. This area of the sport continues to show the largest growth and will continue to be a focus for our investment.

We are part-way through a workforce review, including coaching and workforce development. This will be informed by the Leagues and Competitions Review to ensure that we are able to provide a workforce to support the outcomes of this review.

We continue our investment into our junior offer, with fourteen clubs taking part in our junior development programme. This programme provides a grant to clubs to enable them to deliver additional junior sessions to build up a junior playing pool. We will ensure that the Leagues and Competitions Review makes provision for junior athletes of all levels.

We continue to deliver incredible weekends of wheelchair basketball at our National Championship Finals and the National Junior Championships. Both are outstanding showcases of the talent that exists in our clubs. We also continue to deliver our Women’s League weekends, which go from strength to strength. We are delighted that the team from Mohawks, which began as a Women’s’ League team is now part of the Women’s Premier League.

We would like to thank all those members from the community who support our working groups and committees, giving up their time to help us deliver the sport. Thanks to the insight that members of these groups provide, we are able to deliver initiatives and programmes that are meeting the needs of our members.

Equality Diversity and Inclusion (EDI)

We are particularly proud of how the staff team have embedded the Diversity and Inclusion Action Plan into their daily work. Then DIAP is a requirement of the Code for Sports Governance, but rather than it being a tick box exercise for the team, they have created a plan that is incorporated into daily activities.

The IDEA Group continues to meet, offering support, challenge and guidance. Thanks to everyone who is part of that group from across the community, especially to the chair Kevin Analuwa who gives a lot of his time in the role.

Commercial Growth

We are incredibly lucky to have some very supportive partners, who not only provide commercial income but support the sport in other ways. We are delighted to work with Motability Scheme for a third year and are grateful to them for the passion with which they support our sport and hope to continue working with them into the future.

BWB thanks its principal funders UK Sport (World Class Programme), Sport England (Development and Talent Programmes), Sport England (Inspire A Generation), Sport England (Commonwealth Games), Motability Scheme, ATPI, Kukri, Dynamik Sport Flooring, and Matsunaga. Without these contributions many of our current activities and success on the international stage would not be possible.

We are also grateful to RGK Wheelchairs for sponsoring our Junior National Championships.

The charity has continued to adopt a prudent approach to its financial planning during 2024/25, while also continuing to spend down restricted funds in line with budgetary plans. This has led to a deficit of £154,984 for the year of which £125,344 related to restricted funds. During the financial year the sport invested unrestricted income into the running of its domestic leagues and competitions, courses and education, and commercial development.

Income for the year amounted to £2,407,228 (2024: £2,459,034) of which £401,419 (2024: £313,885) was unrestricted and £2,005,809 (2024: £2,145,149) was restricted.

Expenditure before tax totalled £2,500,567 (2024: £2,175,664) of which £300,986 (2024: £188,926) was unrestricted and £2,199,581 (2024: £1,986,738) was restricted. Tax payable on non-primary purpose profits accounted for a further £61,645 of unrestricted expenditure which includes an under provision in the prior year.

A transfer totalling £66,488 was made from unrestricted funds to restricted funds in respect of a co-funding agreement (2024: £10,000 transfer from unrestricted to restricted funds). A further transfer, relating to the purchase of unrestricted assets with restricted funds totalled £1,940.

At year end funds were held totalling £812,867 (2024: £967,851) of which £417,290 (2024: £446,930) was unrestricted and £395,577 (2024: £520,921) was restricted.

British Wheelchair Basketball has prepared a detailed cash flow forecast which shows that the organisation is able to operate and meet its liabilities as they fall due for payment for at least 12 months from the date of approval of these financial statements.

The organisation has considered scenarios which could impact its cash flow forecast, including reductions in future expected cash inflows as well as potential increases in expenditure.

Following this assessment, the trustees reasonably expect the organisation will continue in existence for a period of at least 12 months from the date these financial statements are approved. Accordingly, the financial statements have been prepared on a going concern basis.

The charity’s reserves policy is reviewed annually by the trustees to ensure that it is sufficient to the charity’s needs and in line with any commitments and liabilities the charity holds. The trustees currently consider it sufficient to hold £280,000 in free reserves, which is equivalent to 3 months operational back-office expenditure per the 2025-26 budget. The trustees have also elected to designate a fund equivalent to this total to ensure that reserves are safeguarded and such funds are held in a high interest account.

Total free reserves (unrestricted reserves less the value of fixed assets) at 31 March 2025 amounted to £376,049 (2024: £440,463) which equates to 4 months reserves. The trustees are therefore satisfied that sufficient reserves are currently held by the charity.

Fundraising practice

British Wheelchair Basketball is largely reliant on statutory funding and, as noted above, an increasing level of commercial sponsorship, in line with our income diversification strategy.

British Wheelchair Basketball does not solicit funding from individuals and consequently does not carry out door-to-door, street, private site, online or telephone fundraising. The charity also does not work with commercial participators and professional fundraisers.

British Wheelchair Basketball received no complaints about our fundraising practices in the year.

The trustees have reviewed the major risks to which the charitable company is exposed and have established systems to review and mitigate those risks. The charity maintains a risk register outlining key organisational risks and mitigating steps. The most significant risks identified are

Income risk

The charity faces risks relating to the long term future of exchequer funding for sport. Currently, over 90% of our income is provided by UK Sport and Sport England, both of which rely on exchequer funding. To mitigate this risk, a commercial strategy is being delivered and a Trustee with significant experience in income diversification is to be appointed. In terms of cash flow, cashflow forecasts covering 3 years are part of annual budget setting and a rolling 12-month cashflow is updated as part of monthly management accounts. We also now hold reserves of just over three months’ worth of operating costs in a high interest bank account should the business need to close.

We also work closely with our funders to apprise them of the success and challenges of our performance and participation programmes so that they are aware of the expected performance of teams at major championships and initiatives designed to grow participation numbers.

Awareness and understanding

The other significant risk to the charity is the lack of awareness of and understanding about the sport. If people do not know about wheelchair basketball, they cannot play it, coach it and officiate at it. It will also impact recruitment of staff. To mitigate this risk, the organisation has invested in a digital content officer to grow the presence of the sport on social media and digital channels. The long-term strategy for the sport has awareness and understanding as one of its strategic pillars, from which a series of targeted

As we move into the new funding cycle and look forward to the 2028 Paralympic Games in LA, we will continue to review and shape our performance programme to ensure that our GB squads are in the best possible position to compete for medals. This will include investment into our junior pathways to ensure that we have a solid pipeline of the highest quality athletes competing for places. As part of this, we will work closely with our Home Nation partners to ensure a seamless pathway from Home Nation representation all the way to the senior GB squads.

We will support the growth of our wheelchair basketball community to raise the profile of the sport and create more opportunities to play. This includes a comprehensive review of our league structure and the development of a new, evidence-based strategy. This will ensure that we build a sustainable and successful sport over the next ten years, based on a collaborative club structure.

We will continue with our digital transformation, looking at ways to use technology to enhance the delivery of the sport.

All of this will be enabled through ambitious levels of commercial revenue – we recognise that we can no longer rely solely on exchequer funding and will invest in growing our commercial income.

The charity is controlled by its governing document, the Memorandum and Articles of Association, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

The charity has a wholly owned trading subsidiary, Great Britain Wheelchair Basketball Trading Limited.

The trading subsidiary is a company limited by guarantee (registered number: 16298611) of which the charity is the ultimate controlling party. The company's registered address is 3 Oakwood Drive, Loughborough, England, LE11 3QF.

Two trustees of the charity have been appointed as directors of the subsidiary (Chris Hassell and Samuel Whale) and it is intended that an independent director also be appointed in the year ended 31 March 2026.

The trading subsidiary was incorporated on 6 March 2025 and did not undertake any trading activity in the year ended 31 March 2025. Consequently, consolidated accounts have not been prepared for the year.

The Trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

None of the Trustees has any beneficial interest in the company. All of the Trustees are members of the company and guarantee to contribute £1 in the event of a winding up.

Other officers

• HRH The Duchess of Edinburgh, Patron

• Sir Philip Craven MBE, Honorary President

• Rt Hon. Kate Hoey MP, Honorary Vice President

• Richard Gamble. Honorary Vice President

• Ade Adepitan MBE, Honorary Junior Programme President

Senior management team

• Justine Baynes, CEO

• Jo Richards, Participation Director

• Diccon Edwards, Performance Director (Left January 2025)

Recruitment and appointment of trustees

Trustees are recruited in line with the Board Recruitment and Selection Policy, which is through a public recruitment process, candidates are shortlisted, interviewed and appointments are made against a skills matrix led by the Board Nominations committee.

The maximum number of Trustees shall be determined by Board of trustees and shall not exceed 12, up to one third of whom shall be Member-nominated Trustees and at least one third of whom shall be Independent Trustees. The minimum number of Trustees shall be eight, and a minimum of a third of trustees will be female.

All trustees are inducted into the organisation and provided with training following suitable needs assessment.

An Executive Board of Trustee's has overall responsibility for the Charity. With the exception of the Patron, the Honorary President, the Honorary Vice Presidents and the Honorary Junior Programme President, members of the Executive Board of Trustees are registered as trustees with the Charity Commission and as directors at Companies House.

Day to day management is delegated to the Chief Executive Officer, who is an employee. The organisation has two directorates; Performance and Participation. These directorates are responsible for the delivery of organisation's strategy. We are indebted to the support of HRH The Duchess of Edinburgh as our Royal Patron who continues to represent and support us.

The remuneration of the Chief Executive Officer and senior team is approved by the Board on the recommendation of the Nominations committee.

Board Responsibilities

Complaints / Whistleblowing:

In the reporting period there were: 0 Complaints to the organisation

Whistleblowing: 0 reports of wrongdoing [whistleblowing]

The Trustees, who are also the directors of Great Britain Wheelchair Basketball Association for the purpose 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 which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

In preparing these financial statements, the Trustees are required to:

- select suitable accounting policies and then apply them consistently;

- observe the methods and principles in the Charities SORP;

- make judgements and estimates that are reasonable and prudent; and

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.

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

In accordance with the company's articles, a resolution proposing that Sedulo Audit Limited be reappointed as auditor of the company will be put at a General Meeting.

The trustees' report was approved by the Board of Trustees.

Opinion

We have audited the financial statements of Great Britain Wheelchair Basketball Association (the ‘charity’) for the year ended 31 March 2025 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

give a true and fair view of the state of the charitable company's affairs as at 31 March 2025 and of its incoming resources and application of resources, for the year then ended;

have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

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

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

We have nothing to report in this regard.

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

the information given in the financial statements is inconsistent in any material respect with the trustees' report; or

sufficient accounting records have not been kept; or

the financial statements are not in agreement with the accounting records; or

we have not received all the information and explanations we require for our audit.

As explained more fully in the statement of trustees' responsibilities, the Trustees, who are also the directors of the charity for the purpose 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 charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

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

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of our report

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

Sedulo Audit Limited is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006.

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The notes on pages 16 to 32 form part of these financial statements.

The notes on pages 16 to 32 form part of these financial statements.

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

The notes on pages 16 to 32 form part of these financial statements.

Great Britain Wheelchair Basketball Association is a private company limited by guarantee incorporated in England and Wales. The registered office is Sportpark, 3 Oakwood Drive, Loughborough, Leicestershire, LE11 3QF, United Kingdom.

The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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)". The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

BWB have prepared a detailed cash flow forecast that shows the organisation is able to operate and meet is liabilities as they fall due for payment for at least 12 months from the date of approval of these financial statements.

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Donated services and facilities

Donated professional services and donated facilities are recognised as income when the charity has control over them, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item, is probable and the economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), general volunteer time is not recognised.

Grants receivable

Income from government and other grants, whether 'capital' grants or 'revenue' grants, are recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

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. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

Raising funds

These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.

Charitable activities

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Individual fixed assets costing £1,000 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost or value of wheelchairs purchased for international team members or donated under sponsorship agreements has been written off as incurred.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

At each reporting end date, the charity reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

The charitable company is exempt from corporation tax on its charitable activities under the Corporation Tax Act 2010. Any trading activities are taxed at the standard rate of UK taxation.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Rentals payable under operating leases, including any lease incentives received, are charged as an expense on a straight line basis over the term of the relevant lease.

In the application of the charity’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Government funding grants are received from UK Sport for the World Class Performance programme and Sport England for the grassroots development of the sport and for building capability.

During the year the charity paid expenses to 4 (2024: 6) trustees for the reimbursement of travel and meeting costs totalling £369 (2024: £568).

Frances Kremarik, a trustee, receives remuneration in respect of her services as a referee. No remuneration is received in relation to her activities as a trustee and all payments in relation to referee services are paid at the charity's agreed rates for such services. Frances Kremarik charged the charity the sum of £1,710 in the year ended 31 March 2025 (2024: £1,289).

At the balance sheet date the amount due to Frances Kremarik was £98 (2024: £62)                    

Joe Bestwick, a trustee, receives remuneration in respect of coaching services. No remuneration is received in relation to him activities as a trustee and all payments in relation to referee services are paid at the charity's agreed rates for such services. Joe Bestwick charged the charity the sum of £481 in the year ended 31 March 2025 (2024: £nil).

At the balance sheet date the amount due to Joe Bestwick was £322 (2024: £nil)        

No other trustees, nor any persons connected with them, have received any remuneration or benefits from the charity during the year or during the year ended 31 March 2024.

The average monthly number of employees during the year was:

The charity considers its key management personnel to comprise the Chief Executive Officer, Participation Director, Performance Director and Operations Director (this role was discontinued in November 2023).

Deferred income is included in the financial statements as follows:

The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

World Class Performance Programme funded by UK Sport:

A programme funding the preparation and competition costs of the GB Wheelchair Basketball teams to enable them to compete at a world class standard in international basketball events.

International Relations funded by UK Sport:

A grant to specifically fund the costs incurred by UK representatives of wheelchair basketball in attending international meetings of the sport.

NGB Whole Sport Plan funded by Sport England:

A programme to deliver a Whole Sport Plan, focusing on developing the sport at grass roots level.

Backing the Best funded by SportsAid:

A project to help young athletes succeed.

Inspire A Generation funded by the National Lottery/Sport England:

A programme seeking to bring to local communities a greater breadth of opportunity for people to access and play the sport of wheelchair basketball.

Governance funded by UK Sport:

A programme to improve the charity's risk management, governance and safeguarding.

Digital Fund funded by Sport England:

A programme to holistically review British Wheelchair Basketball’s junior offer and understand how the charity can better meet the needs of young people through new ways of working.

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

Designated Funds

The board has elected to designate a fund of £280,000 in order to ensure there are funds to meet working capital requirements.

The organisation has entered into high performance programme agreements with a number of universities. The maximum amount of this commitment is £303,333 (2024: £107,917).

At the reporting end date the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

During the year the charity made the following related party transactions:

Express Coaching

Joanne Richards, a member of key management personnel, is connected to Express Coaching Services Ltd through a close family relationship to a beneficial owner. Express Coaching Services Ltd charged the charity for coaching services and training in the sum of £357 (2024: £5,305).

At the balance sheet date the amount due to Express Coaching Services Ltd was £nil (2024: £nil)

Unforgiving Minute Limited

Samuel Whale, a trustee, is also a director of Unforgiving Minute Limited. The charity charged Unforgiving Minute Limited for corporate engagement days in the sum of £nil (2024: £18,000).

At the balance sheet date the amount due from Unforgiving Minute Limited was £nil (2024: £nil).

The charity has a wholly owned trading subsidiary, as detailed below. The subsidiary is a company limited by guarantee of which the charity is the ultimate controlling party. Two trustees of the charity have been appointed as directors of the subsidiary (Chris Hassell and Samuel Whale) and it is intended that an independent director also be appointed in the year ended 31 March 2026.

The trading subsidiary was incorporated on 6 March 2025 and did not undertake any trading activity in the year ended 31 March 2025. Consequently, consolidated accounts have not been prepared for the year.

Details of the charity's subsidiaries at 31 March 2025 are as follows:

The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the events of liquidation. At the balance sheet date there were 11 (2024: 12) guaranteeing members.

The charity had no material debt during the year.