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COMPANY REGISTRATION NUMBER: 06632056
CHARITY REGISTRATION NUMBER: 1125695

Heel and Toe Ltd

Unaudited Financial Statements

For the Year Ending

31 December 2025

Heel and Toe Ltd

Financial Statements

Year Ended 31 December 2025

| Page

Trustees' Annual Report (Incorporating the Director's Report) | 1

Independent Examiner's Report to the Trustees | 4

Statement of Financial Activities (Including Income and Expenditure Account) | 5

Statement of Financial Position | 6

Statement of Cash Flows | 8

Notes to the Financial Statements | 9

Heel and Toe Ltd

Trustees' Annual Report (Incorporating the Director's Report)

Year Ended 31 December 2025
The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 December 2025 .
Objectives
Our Mission
Heel & Toe supports children and young people with profound physical and neurological disabilities from the North East region to live active, fulfilling, independent lives by the provision of free and subsidised therapy.
Achieving our Mission
We offer a range of services, led by highly qualified therapists, to children and young people of all ages from 3 months to 19 years (in line with current NHS Children and Young Adult Services criterion). Therapy sessions can be one-to-one or group, depending on the child's needs, and are available from 9.30am to 6.00pm, Monday to Friday. We liaise with all external organisations concerned with a child's care to aid and assist the NHS, Social Services and the LEA wherever possible and to develop and enhance our service.
Our Vision
Our vision is to support children with disabilities to live full, productive lives where possibilities and opportunities are not constrained by their disabilities. We focus on supporting achievement and building on a child's success. We aim to improve children and young people's quality of life, and that of their families, by supporting them to make real improvements to their physical and emotional health. This in turn improves their level of confidence and self-esteem, motivation and fun. We want children, young people and their families to have the chance to look forward to a more independent and fulfilling future.
Value Statement: we believe that no child or young person should be denied Conductive Education due to a lack of money.
Activities and Achievements
For details of our activities and achievements please see our annual report.
Financial Review
Total income for the year was £960,931 (2024 - £910,144) and expenditure was £831,947 (2024 - £962,000). There was a net surplus of £128,984 (2024 - deficit of £51,856).
At 31st December 2025 net assets were £1,693,548 (2024 - £1,564,564). We owned fixed assets and investment properties valued at £1,355,199 (2024 - £1,446,413) which are partly financed by long term loans of £75,452 (2024 - £265,970). Net current assets totalled £413,801 (2024 - £384,121). Restricted funds were £55,527 (2024 - £75,053) and general funds (reserves) were £369,096 (2024 - £342,529).
We aim to hold reserves equal to between 3 months and 6 months running costs excluding depreciation and fundraising costs which currently equates to between £180,000 and £360,000. Actual reserves at 31st December 2025 were £369,096 so are slightly above the desired range.
Structure, Governance and Management
The charity was incorporated as a company limited by guarantee on 27th June 2008 with company number 06632056 . It was registered as a charity on 3rd September 2008 with charity number 1125695 . Initially the charity operated under the name Step Forward Together - NE Limited. The name was changed to Heel and Toe Limited on 6th October 2008. The charity is governed by the Memorandum and Articles of Association dated 27th June 2008 as amended upon the change of name on 6th October 2008.
Heel and Toe Limited is governed by its trustee board, which is responsible for setting the strategic direction of the organisation and the policy of the charity. The trustees carry the ultimate responsibility for the conduct of Heel and Toe Limited and for ensuring that the charity satisfies its legal and contractual obligations. The Trustees met a total of six times in the year to discuss and consider matters relating to the Charity.
Public Benefit
Our main activities and who we help are described elsewhere in this report. All our charitable activities are undertaken to further our charitable purposes for the public benefit. The Trustees have had regard to the Charity Commission's guidance on public benefit throughout the year when deciding on the activities of the charity.
Policies & Procedures
We have policies in place which include:
Child Protection Policy
Health & Safety
Fire & Emergency Policy
Equal Opportunity Policy
Environmental Policy
Organisational file
Staff Induction
Enhanced DBS (previously CRB)
Recruitment procedure
Our policies are regularly updated and periodically checked, vetted and authorised.
The major risks facing the charity have been reviewed and systems or procedures have been established to manage those risks.
The remuneration of key management personnel is agreed by the trustee board.
At Heel and Toe we will endeavour to:
- Continue to provide the best support we can for children and families
- Continue to listen and involve children and families in the development of our services
- Continue to adopt and share 'best practice'
- Continue to update our knowledge and skills to reflect in our service provision
- Continue to use our funds effectively for the benefit of the children and families who attend
Reference and Administrative Details

Registered charity name | Heel and Toe Ltd

Charity registration number | 1125695

Company registration number | 06632056

Principal office and registered | 40 Front Street
office | Pelton
| Chester-Le-Street
| County Durham
| DH2 1DE

The Trustees

| Mr P S Gilsenan |
| Ms A J Kirtley |
| Miss H E F Hastie |
| Mr P Bartley |
| Mr A M Guest |
| Mr C Higgins |
| Ms H Plunkett |
| Mr M W Ward |
| Mr M Clasper |
| Ms J Turner |

Mr D Long

Company Secretary | Mr P S Gilsenan

Independent Examiner | Jane Ascroft FCA MA (Cantab)
| Enterprise House
| Harmire Enterprise Park
| Barnard Castle
| County Durham
| DL12 8XT

Small Company Provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
The trustees' annual report was approved on 17 February 2026 and signed on behalf of the board of trustees by:

Mr P S Gilsenan
Charity Secretary

Heel and Toe Ltd

Independent Examiner's Report to the Trustees of Heel and Toe Ltd

Year Ended 31 December 2025
I report to the trustees on my examination of the financial statements of Heel and Toe Ltd ('the charity') for the year ended 31 December 2025.
Responsibilities and Basis of Report
As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act’).
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. Independent Examiner's Statement
Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
2. the financial statements do not accord with those records; or
3. the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination; or
4. the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Jane Ascroft FCA MA (Cantab) Independent Examiner
Enterprise House Harmire Enterprise Park Barnard Castle County Durham DL12 8XT
17 February 2026

Heel and Toe Ltd

Statement of Financial Activities
(including income and expenditure account)

Year Ended 31 December 2025

| 2025 | 2024
| Unrestricted funds | Restricted funds | Total funds | Total funds
Note | £ | £ | £ | £

Income and endowments

Donations and legacies | 5 | 137,822 | 131,403 | 269,225 | 264,334
Charitable activities | 6 | 196,452 | – | 196,452 | 189,705
Other trading activities | 7 | 441,022 | – | 441,022 | 402,084
Investment income | 8 | 54,232 | – | 54,232 | 54,021
| --------- | --------- | --------- | ---------
Total income | 829,528 | 131,403 | 960,931 | 910,144
| --------- | --------- | --------- | ---------

Expenditure
Expenditure on raising funds:

| Costs of other trading activities | 9 | 132,496 | – | 132,496 | 104,861
Expenditure on charitable activities | 10,11 | 548,522 | 150,929 | 699,451 | 857,139
| --------- | --------- | --------- | ---------
Total expenditure | 681,018 | 150,929 | 831,947 | 962,000
| --------- | --------- | --------- | ---------

| --------- | --------- | --------- | ---------
Net income/(expenditure) | 148,510 | ( 19,526) | 128,984 | ( 51,856)
| --------- | --------- | --------- | ---------

Other recognised gains and losses

Gains/(losses) on revaluation of investment properties | – | – | – | ( 2,873)
| --------- | --------- | --------- | ---------
Net movement in funds | 148,510 | ( 19,526) | 128,984 | ( 54,729)

Reconciliation of funds

Total funds brought forward | 1,489,511 | 75,053 | 1,564,564 | 1,619,293
| ------------ | --------- | ------------ | ------------
Total funds carried forward | 1,638,021 | 55,527 | 1,693,548 | 1,564,564
| ------------ | --------- | ------------ | ------------

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

Heel and Toe Ltd

Statement of Financial Position

31 December 2025

| 2025 | 2024
Note | £ | £ | £

Fixed Assets

Tangible fixed assets | 16 |  | 865,199 | 866,413
Investments | 17 |  | 490,000 | 580,000
|  | ------------ | ------------
|  | 1,355,199 | 1,446,413

Current Assets

Stocks | 18 | 1,500 |  | 1,400
Debtors | 19 | 89,690 |  | 37,593
Cash at bank and in hand | 404,993 |  | 407,402
| --------- |  | ---------
| 496,183 |  | 446,395

Creditors: amounts falling due within one year | 20 | 82,382 |  | 62,274
| --------- |  | ---------
Net Current Assets |  | 413,801 | 384,121
|  | ------------ | ------------
Total Assets Less Current Liabilities |  | 1,769,000 | 1,830,534

Creditors: amounts falling due after more than one year | 21 |  | 75,452 | 265,970
|  | ------------ | ------------
Net Assets |  | 1,693,548 | 1,564,564
|  | ------------ | ------------

Funds of the Charity

Restricted funds |  | 55,527 | 75,053
Unrestricted funds |  | 1,638,021 | 1,489,511
|  |  | ------------ | ------------
Total charity funds | 23 |  | 1,693,548 | 1,564,564
|  |  | ------------ | ------------

For the year ending 31 December 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Heel and Toe Ltd

Statement of Financial Position (continued)

31 December 2025
These financial statements were approved by the board of trustees and authorised for issue on 17 February 2026 , and are signed on behalf of the board by:

Mr M W Ward |
Trustee |

Heel and Toe Ltd

Statement of Cash Flows

Year Ended 31 December 2025

| 2025 | 2024
| £ | £

Cash Flows from Operating Activities

Net income/(expenditure) | 128,984 | (51,856)

Adjustments for: |  |
Depreciation of tangible fixed assets | 6,606 | 6,209
Dividends, interest and rents from investments | (54,232) | (54,021)
Interest payable and similar charges | 12,157 | 25,820
Gains on disposal of heritage assets | (35,000) | –

Changes in: |  |
Stocks | ( 100) | –
Trade and other debtors | ( 52,097) | ( 10,755)
Trade and other creditors | 52,747 | ( 5,089)
| --------- | --------
Cash generated from operations | 59,065 | ( 89,692)

Interest paid | ( 12,157) | ( 25,820)
| -------- | ---------
Net cash from/(used in) operating activities | 46,908 | ( 115,512)
| -------- | ---------

Cash Flows from Investing Activities

Dividends, interest and rents from investments | 54,232 | 54,021
Purchase of tangible assets | ( 5,392) | ( 11,692)
Proceeds from sale of heritage assets | 35,000 | –
Proceeds from sale of other investments | 90,000 | –
| --------- | ---------
Net cash from investing activities | 173,840 | 42,329
| --------- | ---------

Cash Flows from Financing Activities

Proceeds from borrowings | ( 223,157) | ( 47,627)
| --------- | ---------
Net cash used in financing activities | ( 223,157) | ( 47,627)
| --------- | ---------

Net Decrease in Cash and Cash Equivalents | ( 2,409) | ( 120,810)
Cash and Cash Equivalents at Beginning of Year | 407,402 | 528,212
| --------- | ---------
Cash and Cash Equivalents at End of Year | 404,993 | 407,402
| --------- | ---------

Heel and Toe Ltd

Notes to the Financial Statements

Year Ended 31 December 2025
1. General Information
The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 40 Front Street, Pelton, Chester-Le-Street, County Durham, DH2 1DE.
2. Statement of Compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Companies Act 2006.
3. Accounting Policies
Basis of Preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investments measured at fair value through income or expenditure. The financial statements are prepared in sterling, which is the functional currency of the entity. The entity is a Public Benefit Entity.
Going Concern
There are no material uncertainties about the charity’s ability to continue.
Judgements and Key Sources of Estimation Uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The trustees consider that there are no significant estimates or judgements affecting these financial statements.
Fund Accounting
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the purposes of the charity. Unrestricted funds include a revaluation reserve representing the restatement of investment assets at market values. Designated funds are unrestricted funds earmarked by the trustees for specific purposes. Restricted funds are subjected to restrictions on their expenditure imposed by the donor.
Income
All income is included in the statement of financial activities when the charity is entitled to the income, any performance related conditions attached have been met or are fully within the control of the charity, the income is considered probable and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income: Donations and legacy income is received by way of donations, legacies, grants and gifts and is included in full in the Statement of Financial Activities when receivable. Where legacies have been notified to the charity but the criteria for income recognition have not been met, the legacy is treated as a contingent asset and disclosed if material. Grants, where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant. Donated services and facilities are included at the value to the charity, being the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market. Investment income is included when receivable. Income from charitable trading activity is accounted for when earned. Income from grants, where related to performance and specific deliverables, are accounted for as the charity earns the right to consideration by its performance.
Expenditure
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates:
Costs of raising funds comprise the costs associated with attracting donations, grants and legacies and the costs of trading for fundraising purposes.
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.
Other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated between the expenditure categories of the SOFA on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, others are apportioned on an appropriate basis, as set out in the notes to the accounts.
Tangible Assets
Tangible fixed assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. The costs of minor additions or those costing below £500 are not capitalised.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Freehold Property | - | 1% straight line
| Fixtures, Fittings & Equipment | - | 20% reducing balance
| Computer Equipment | - | Over 3 years straight line
| Therapy & Sensory Equipment | - | 20% reducing balance

Depreciation on freehold property has not ben provided for as it is considered to be immaterial.
Investments
Unlisted equity investments are initially recorded at cost, and subsequently measured at fair value. If fair value cannot be reliably measured, assets are measured at cost less impairment.
Listed investments are measured at fair value with changes in fair value being recognised in income or expenditure.
Investment Property
Investment property is measured initially at cost and subsequently at fair value at the reporting date. Depreciation is not provided.
Impairment of Fixed Assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial Instruments
A financial asset or financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost.
Defined Contribution Plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.
Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Accrued income and tax recoverable is included at the best estimate of the amounts receivable at the balance sheet date.
Cash at Bank and in Hand
Cash at bank and cash 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.
Creditors
Creditors are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised at their settlement amount after allowing for any trade discounts due.
Taxation
The company 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 company 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.
4. Limited by Guarantee
The company is limited by guarantee. At 31st December 2025 there were 10 members each of whom had undertaken to contribute an amount not exceeding £10 in the event of a winding up.
The company is under the control of the directors as a body and as such is not controlled by any individual.
5. Donations and Legacies

|  | Unrestricted Funds | Restricted Funds | Total Funds 2025
|  | £ | £ | £

Donations

| Donations | 70,517 | – | 70,517
| Hydro appeal donations | – | 30,502 | 30,502
| Gift Aid | 67,305 | – | 67,305

Grants

| The Masonic Charitable Foundation | – | – | –
| The William Leech Foundation | – | 3,000 | 3,000
| Sport England | – | – | –
| Baily Thomas Charitable Fund | – | 5,000 | 5,000
| Sir James Knott Foundation | – | 9,876 | 9,876
| Ballinger Charitable Trust | – | 18,000 | 18,000
| James Tudor Trust | – | – | –
| Barbour Foundation | – | – | –
| Awards For All | – | – | –
| Garfield Weston | – | 30,000 | 30,000
| Sir John Priestman Trust | – | – | –
| The February Foundation | – | – | –
| County Durham Community Foundation | – | – | –
| The Webb Family Charitable Trust | – | 3,000 | 3,000
| Northumberland Village Homes Trust (Community Foundation) | – | 5,000 | 5,000
| Mortgage Advice Bureau Foundation | – | – | –
| Percy Bilton Trust | – | – | –
| The Shears Foundation | – | 5,850 | 5,850
| Small grants £3,000 and less | – | 21,175 | 21,175
|  | --------- | --------- | ---------
|  | 137,822 | 131,403 | 269,225
|  | --------- | --------- | ---------

|  | Unrestricted Funds | Restricted Funds | Total Funds 2024
|  | £ | £ | £

Donations

| Donations | 87,313 | – | 87,313
| Hydro appeal donations | – | – | –
| Gift Aid | 26,717 | – | 26,717

Grants

| The Masonic Charitable Foundation | – | 30,115 | 30,115
| The William Leech Foundation | – | 5,000 | 5,000
| Sport England | – | 10,000 | 10,000
| Baily Thomas Charitable Fund | – | – | –
| Sir James Knott Foundation | – | – | –
| Ballinger Charitable Trust | – | 18,000 | 18,000
| James Tudor Trust | – | 5,000 | 5,000
| Barbour Foundation | – | 15,000 | 15,000
| Awards For All | – | 17,036 | 17,036
| Garfield Weston | – | – | –
| Sir John Priestman Trust | – | 5,000 | 5,000
| The February Foundation | – | 4,938 | 4,938
| County Durham Community Foundation | – | 5,000 | 5,000
| The Webb Family Charitable Trust | – | – | –
| Northumberland Village Homes Trust (Community Foundation) | – | – | –
| Mortgage Advice Bureau Foundation | – | 5,000 | 5,000
| Percy Bilton Trust | – | 5,000 | 5,000
| The Shears Foundation | – | 5,610 | 5,610
| Small grants £3,000 and less | – | 19,605 | 19,605
|  | --------- | --------- | ---------
|  | 114,030 | 150,304 | 264,334
|  | --------- | --------- | ---------

6. Charitable Activities

|  | Unrestricted Funds | Total Funds 2025 | Unrestricted Funds | Total Funds 2024
|  | £ | £ | £ | £
| Massage | 7,607 | 7,607 | 5,708 | 5,708
| Hydrotherapy | 130,378 | 130,378 | 95,382 | 95,382
| Speech & language | 11,741 | 11,741 | 36,066 | 36,066
| Physiotherapy | 40,833 | 40,833 | 45,537 | 45,537
| Occupational Therapy | 144 | 144 | 5,366 | 5,366
| Other services | 5,749 | 5,749 | 1,646 | 1,646
|  | --------- | --------- | --------- | ---------
|  | 196,452 | 196,452 | 189,705 | 189,705
|  | --------- | --------- | --------- | ---------

7. Other Trading Activities

|  | Unrestricted Funds | Total Funds 2025 | Unrestricted Funds | Total Funds 2024
|  | £ | £ | £ | £
| Income from stores | 14,536 | 14,536 | 15,781 | 15,781
| Charity Ball | 65,617 | 65,617 | 67,420 | 67,420
| Great North Run | 121,241 | 121,241 | 111,712 | 111,712
| Brick Services Ball | 20,346 | 20,346 | 30,169 | 30,169
| Other fundraising events | 219,282 | 219,282 | 177,002 | 177,002
|  | --------- | --------- | --------- | ---------
|  | 441,022 | 441,022 | 402,084 | 402,084
|  | --------- | --------- | --------- | ---------

8. Investment Income

|  | Unrestricted Funds | Total Funds 2025 | Unrestricted Funds | Total Funds 2024
|  | £ | £ | £ | £
| Rental income | 54,232 | 54,232 | 54,021 | 54,021
|  | -------- | -------- | -------- | --------

9. Costs of Other Trading Activities

|  | Unrestricted Funds | Total Funds 2025 | Unrestricted Funds | Total Funds 2024
|  | £ | £ | £ | £
| Costs of other trading activities - Membership schemes and social lotteries | 132,496 | 132,496 | 104,861 | 104,861
|  | --------- | --------- | --------- | ---------

10. Expenditure on Charitable Activities by Fund Type

|  | Unrestricted Funds | Restricted Funds | Total Funds 2025
|  | £ | £ | £
| Expenditure on charitable activities | 547,022 | 150,929 | 697,951
| Support costs | 1,500 | – | 1,500
|  | --------- | --------- | ---------
|  | 548,522 | 150,929 | 699,451
|  | --------- | --------- | ---------

|  | Unrestricted Funds | Restricted Funds | Total Funds 2024
|  | £ | £ | £
| Expenditure on charitable activities | 704,132 | 151,567 | 855,699
| Support costs | 1,440 | – | 1,440
|  | --------- | --------- | ---------
|  | 705,572 | 151,567 | 857,139
|  | --------- | --------- | ---------

11. Expenditure on Charitable Activities by Activity Type

| Activities undertaken directly | Support costs | Total funds 2025 | Total fund 2024
| £ | £ | £ | £
| Expenditure on charitable activities | 697,951 | – | 697,951 | 855,699
| Governance costs | – | 1,500 | 1,500 | 1,440
|  | --------- | ------- | --------- | ---------
|  | 697,951 | 1,500 | 699,451 | 857,139
|  | --------- | ------- | --------- | ---------

12. Net Income/(Expenditure)
Net income/(expenditure) is stated after charging/(crediting):

| 2025 | 2024
| £ | £
Depreciation of tangible fixed assets | 6,606 | 6,209
Gains on disposal of heritage assets | (35,000) | –
| -------- | -------

13. Independent Examination Fees

| 2025 | 2024
| £ | £

Fees payable to the independent examiner for:

Independent examination of the financial statements | 1,500 | 1,440
| ------- | -------

14. Staff Costs
The total staff costs and employee benefits for the reporting period are analysed as follows:

| 2025 | 2024
| £ | £
Wages and salaries | 467,632 | 560,658
Social security costs | 39,507 | 42,893
Employer contributions to pension plans | 21,810 | 25,689
| --------- | ---------
| 528,949 | 629,240
| --------- | ---------

The average head count of employees during the year was 19 (2024: 24 ). The average number of full-time equivalent employees during the year is analysed as follows:

| 2025 | 2024
| No. | No.
Number of fundraising staff | 2 | 2
Number of administration staff | 2 | 2
Number of management staff | 1 | 1
Number of clinical staff | 14 | 19
| ---- | ----
| 19 | 24
| ---- | ----

No employee received employee benefits of more than £60,000 during the year (2024: Nil).
Key Management Personnel
Key management personnel include all persons that have authority and responsibility for planning, directing and controlling the activities of the charity. The total compensation paid to key management personnel for services provided to the charity was £35,400 (2024:£35,400).
15. Trustee Remuneration and Expenses
Trustees received no remuneration or expenses during the current or previous year.
16. Tangible Fixed Assets

| Freehold property | Fixtures, Fittings & Equipment | Computer Equipment | Therapy & Sensory Equipment | Total
| £ | £ | £ | £ | £
Cost |  |  |  |  |
At 1 January 2025 | 1,092,612 | 40,519 | 56,578 | 50,595 | 1,240,304
Additions | – | 5,392 | – | – | 5,392
| ------------ | -------- | -------- | -------- | ------------
At 31 December 2025 | 1,092,612 | 45,911 | 56,578 | 50,595 | 1,245,696
| ------------ | -------- | -------- | -------- | ------------
Depreciation |  |  |  |  |
At 1 January 2025 | 242,612 | 35,670 | 53,772 | 41,837 | 373,891
Charge for the year | – | 2,048 | 2,806 | 1,752 | 6,606
| ------------ | -------- | -------- | -------- | ------------
At 31 December 2025 | 242,612 | 37,718 | 56,578 | 43,589 | 380,497
| ------------ | -------- | -------- | -------- | ------------
Carrying amount |  |  |  |  |
At 31 December 2025 | 850,000 | 8,193 | – | 7,006 | 865,199
| ------------ | -------- | -------- | -------- | ------------
At 31 December 2024 | 850,000 | 4,849 | 2,806 | 8,758 | 866,413
| ------------ | -------- | -------- | -------- | ------------

17. Investments

| Investment properties
| £
Cost or valuation |
At 1 January 2025 | 580,000
Additions | –
Disposals | (90,000)
| ---------
At 31 December 2025 | 490,000
| ---------
Impairment |
At 1 January 2025 and 31 December 2025 |
Carrying amount |
At 31 December 2025 | 490,000
| ---------
At 31 December 2024 | 580,000
| ---------

All investments shown above are held at valuation.
Investment properties
The investment properties are valued annually by Peter Bartley, Trustee who is the Group Director of Bradley Hall, Chartered Surveyors and Estate Agents. Peter Bradley is a Chartered Surveyor (MRICS).
Investments comprise investment properties in Sherburn and Wallsend.
18. Stocks

| 2025 | 2024
| £ | £
Merchandise stock | 1,500 | 1,400
| ------- | -------

19. Debtors

| 2025 | 2024
| £ | £
Trade debtors | 18,762 | 14,041
Prepayments and accrued income | 60,131 | 18,619
Gift Aid debtor | 8,797 | 4,933
Pledged grant income | 2,000 | –
| -------- | --------
| 89,690 | 37,593
| -------- | --------

20. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Bank loans and overdrafts | 14,989 | 47,628
Trade creditors | 38,552 | –
Accruals and deferred income | 1,400 | 1,400
Social security and other taxes | 8,239 | 10,746
Deferred income | 19,202 | –
Other creditors | – | 2,500
| -------- | --------
| 82,382 | 62,274
| -------- | --------

The bank loan is secured by a legal charge over 40 Front Street, Pelton.
21. Creditors: amounts falling due after more than one year

| 2025 | 2024
| £ | £
Bank loans and overdrafts | 75,452 | 265,970
| -------- | ---------

The bank loan is secured by a legal charge over 40 Front Street, Pelton.
Included within creditors: amounts falling due after more than one year is an amount of £32,166 (2024: £111,291) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.
The two mortgages are repayable in instalments over 5 and 15 years at varying interest rates of 2.54% and 3.56% above Bank Base Rate.
22. Pensions and Other Post Retirement Benefits
Defined contribution plans
The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £ 21,810 (2024: £ 25,689 ).
23. Analysis of Charitable Funds
Unrestricted funds

| At 1 Jan 2025 | Income | Expenditure | Transfers | Gains and losses | At 31 Dec 2025
| £ | £ | £ | £ | £ | £
General Funds | 342,529 | 829,528 | (674,412) | (128,549) | – | 369,096
Capital Fund | 1,146,982 | – | (6,606) | 128,549 | – | 1,268,925
| ------------ | --------- | --------- | --------- | ---- | ------------
| 1,489,511 | 829,528 | (681,018) | – | – | 1,638,021
| ------------ | --------- | --------- | --------- | ---- | ------------

| At 1 Jan 2024 | Income | Expenditure | Transfers | Gains and losses | At 31 Dec 2024
| £ | £ | £ | £ | £ | £
General Funds | 436,233 | 759,840 | (804,224) | (49,320) | – | 342,529
Capital Fund | 1,106,744 | – | (6,209) | 49,320 | (2,873) | 1,146,982
| ------------ | --------- | --------- | -------- | ------- | ------------
| 1,542,977 | 759,840 | (810,433) | – | (2,873) | 1,489,511
| ------------ | --------- | --------- | -------- | ------- | ------------

The capital fund is the value of assets held offset by loans held with security against those assets.
Restricted funds

| At 1 Jan 2025 | Income | Expenditure | Transfers | Gains and losses | At 31 Dec 2025
| £ | £ | £ | £ | £ | £
Northumberland Village Homes Trust (Community Foundation) | – | 5,000 | – | – | – | 5,000
Hydro Appeal donations | – | 30,502 | (30,502) | – | – | –
Karbon Homes | – | 2,000 | – | – | – | 2,000
Garfield Weston | – | 30,000 | (30,000) | – | – | –
The February Foundation | 4,938 | – | (4,938) | – | – | –

Sir James Knott Foundation | – | 9,876 | (9,876) | – | – | –
The Webb Family Charitable Trust | – | 3,000 | – | – | – | 3,000
Barbour Foundation | 15,000 | – | (15,000) | – | – | –
Sir John Priestman Charity Trust | 5,000 | – | (5,000) | – | – | –
Baily Thomas Charitable Fund | – | 5,000 | – | – | – | 5,000

The Edward Gostling Foundation | – | – | – | – | – | –
The Masonic Charitable Foundation | 30,115 | – | (10,038) | – | – | 20,077
Nationwide | – | – | – | – | – | –
The Hospital Saturday Fund | – | – | – | – | – | –
The Guyll Leng Trust | – | – | – | – | – | –
The Joicey Trust | – | – | – | – | – | –
The Hedley Foundation | – | – | – | – | – | –
Awards For All | – | – | – | – | – | –
Ballinger Charitable Trust | – | 18,000 | (18,000) | – | – | –
Sport England | 10,000 | – | (10,000) | – | – | –
County Durham Community Foundation | – | – | – | – | – | –
Percy Bilton Trust | – | – | – | – | – | –
James Tudor Foundation | – | – | – | – | – | –
The Shears Foundation | – | 5,850 | – | – | – | 5,850
The William Leech | – | 3,000 | – | – | – | 3,000
Mortgage Advice Bureau Foundation | 5,000 | – | (5,000) | – | – | –
Other grants £3,000 or less | 5,000 | 19,175 | (12,575) | – | – | 11,600
| -------- | --------- | --------- | ---- | ---- | --------
| 75,053 | 131,403 | (150,929) | – | – | 55,527
| -------- | --------- | --------- | ---- | ---- | --------

| At 1 Jan 2024 | Income | Expenditure | Transfers | Gains and losses | At 31 Dec 2024
| £ | £ | £ | £ | £ | £
Northumberland Village Homes Trust (Community Foundation) | – | – | – | – | – | –
Hydro Appeal donations | – | – | – | – | – | –
Karbon Homes | – | – | – | – | – | –
Garfield Weston | – | – | – | – | – | –
The February Foundation | – | 4,938 | – | – | – | 4,938
Sir James Knott Foundation | – | – | – | – | – | –
The Webb Family Charitable Trust | – | – | – | – | – | –
Barbour Foundation | 4,500 | 15,000 | (4,500) | – | – | 15,000

Sir John Priestman Charity Trust | – | 5,000 | – | – | – | 5,000
Baily Thomas Charitable Fund | – | – | – | – | – | –
The Edward Gostling Foundation | 10,000 | – | (10,000) | – | – | –
The Masonic Charitable Foundation | 30,116 | 30,115 | (30,116) | – | – | 30,115
Nationwide | 9,000 | – | (9,000) | – | – | –
The Hospital Saturday Fund | 7,000 | – | (7,000) | – | – | –
The Guyll Leng Trust | 3,000 | – | (3,000) | – | – | –
The Joicey Trust | 3,000 | – | (3,000) | – | – | –
The Hedley Foundation | 3,000 | – | (3,000) | – | – | –
Awards For All | – | 17,036 | (17,036) | – | – | –
Ballinger Charitable Trust | – | 18,000 | (18,000) | – | – | –
Sport England | – | 10,000 | – | – | – | 10,000
County Durham Community Foundation | – | 5,000 | (5,000) | – | – | –
Percy Bilton Trust | – | 5,000 | (5,000) | – | – | –
James Tudor Foundation | – | 5,000 | (5,000) | – | – | –
The Shears Foundation | – | 5,610 | (5,610) | – | – | –
The William Leech | – | 5,000 | (5,000) | – | – | –
Mortgage Advice Bureau Foundation | – | 5,000 | – | – | – | 5,000
Other grants £3,000 or less | 6,700 | 19,605 | (21,305) | – | – | 5,000
| -------- | --------- | --------- | ---- | ---- | --------
| 76,316 | 150,304 | (151,567) | – | – | 75,053
| -------- | --------- | --------- | ---- | ---- | --------

The grants from the Ballinger Charitable Trust and the Garfield Weston Foundation is towards core costs.
The grant from the Masonic Charitable Foundation was towards hippotherapy.
The grants from the February Foundation, the Barbour Foundation, Sir John Priestman Charity Trust, Sport England, the Mortgage Advice Bureau Foundation and the Sir James Knott Foundation are all towards rebound therapy.
The grants from Karbon Homes, Children In Need, the Webb Family Charitable Trust, Baily Thomas Charitable Fund, Northumberland Village Homes Trust (Community Foundation), the Shears Foundation and the William Leech Foundation are towards sensory processing.
24. Analysis of Net Assets Between Funds

| Unrestricted Funds | Restricted Funds | Total Funds 2025
| £ | £ | £
| Tangible fixed assets | 865,199 | – | 865,199
| Investments | 490,000 | – | 490,000
| Current assets | 440,656 | 55,527 | 496,183
| Creditors less than 1 year | (82,382) | – | (82,382)
| Creditors greater than 1 year | (75,452) | – | (75,452)
|  | ------------ | -------- | ------------
| Net assets | 1,638,021 | 55,527 | 1,693,548
|  | ------------ | -------- | ------------

| Unrestricted Funds | Restricted Funds | Total Funds 2024
| £ | £ | £
| Tangible fixed assets | 866,413 | – | 866,413
| Investments | 580,000 | – | 580,000
| Current assets | 371,342 | 75,053 | 446,395
| Creditors less than 1 year | (62,274) | – | (62,274)
| Creditors greater than 1 year | (265,970) | – | (265,970)
|  | ------------ | -------- | ------------
| Net assets | 1,489,511 | 75,053 | 1,564,564
|  | ------------ | -------- | ------------

25. Analysis of Changes in Net Debt

| At 1 Jan 2025 | Cash flows | At 31 Dec 2025
| £ | £ | £
Cash at bank and in hand | 407,402 | (2,409) | 404,993
Debt due within one year | (47,628) | 32,639 | (14,989)
Debt due after one year | (265,970) | 190,518 | (75,452)
| --------- | --------- | ---------
| 93,804 | 220,748 | 314,552
| --------- | --------- | ---------

26. Related Parties
Fees of £12,357 (2024 - £21,970) were paid to Bradley Hall, Chartered Surveyors and Estate Agents for management of the investment properties. Mr P Bartley is a director of Bradley Hall and a trustee of Heel & Toe. The charity's pension scheme is managed by St James' Place Wealth Management. Mr P Gilsenan is the principal of Paul Gilsenan Wealth Management, a partner practice of St James' Place Wealth Management and he is also a trustee of the charity. No fees were paid by the charity to St James' Place Wealth Management during the year.