Regain - The Charity For Tetraplegics

	Page
Reference and Administrative Details	1
Trustees' Report	2—5
Independent Examiner's Report	6
Statement of Financial Activities (including Income and Expenditure Account)	7
Comparative Statement of Financial Activities (including Income and Expenditure Account)	8
Balance Sheet	9
Notes to the Financial Statements	10—18

Patrons Barry Davies MBE

Brough Scott MBE

Dr Fred Middleton

Mark Forster

Paul Sculthorpe

Peter Norfolk OBE

Kylie Grimes MBE

Jonathan Coggan MBE

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Regain - The Charity For Tetraplegics

Company No. 02883419

Trustees' Report For The Year Ended 31 December 2025

Trustees' Report

The trustees present their report and the financial statements for the year ended 31 December 2025.

Change of Charity Name

On 29 September 2025 the charitable company changed its name from Regain-the Trust for Sports Tetraplegics to Regain - The Charity For Tetraplegics .

Objectives and Activities

Aims and Objectives

During the year the objectives of the Charity were expanded beyond offering help to sports tetraplegics to encompass all individuals who become tetraplgic.

Our mission is to improve the quality of life for individuals who have suffered a spinal injury.

Our vision is that every tetraplegic is given an equal opportunity to live as full a life as possible

Aims

• To help tetraplegics lead independent and fulfilling lives by fully or part funding equipment and facilities that improve mobility, communication, educational options and employment opportunities

• To raise funds through donations, events, sponsorship, legacies and gifts in kind

• To develop and maintain relationships with tetraplegics and provide support to them and their families and carers

• To collaborate with other spinal injury charities, and to develop partnerships that will have a lasting benefit for the charity and its beneficiaries

• To increase the awareness of risks and educate the general public to try and reduce the number of accidents resulting in tetraplegia

• To ensure that the governance of Regain is working towards best practice

The strategies employed to achieve the charitable company’s objectives are kept under review.

Significant Activities

The main activities of the charitable company are arranging fundraising events and writing to charitable trusts and corporate donors in order to raise funds to support the many grant applications.

Public Benefit

The trustees confirm that they have complied with the requirements of Section 17 of the Charities Act 2011 to have due regard to the Charity Commission’s guidance on public benefit.

Achievements and Performance

Main Achievements

The Chief Executive Officer, in collaboration with the Board of Trustees, agreed a series of deliverable actions for 2025 aligned with each of the organisation’s strategic aims. Progress against these actions is monitored and reported at the quarterly Trustee meetings.

Regain’s primary purpose continues to be the provision of grants to tetraplegics. During 2025, Regain awarded grants totalling £90,664 (2024: £93,963). Funded equipment included sports and power-assisted wheelchairs. Additional grants supported significant home repairs for a beneficiary living in financial hardship, as well as enabling another beneficiary to attend a world-class rehabilitation and respite centre in Dorset.

Regain also delivered a number of service days for beneficiaries, including an Adaptive Watersports Day in partnership with Access Adventures, and a series of four Adaptive Cycling Days in London, supported by Transport for London.

...CONTINUED

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Regain - The Charity For Tetraplegics

Trustees' Report (continued)

For The Year Ended 31 December 2025

Main Achievements - continued

All grant applications are reviewed by Regain’s Grants Panel, comprising the Charity Director and three tetraplegic trustees with many years of lived experience. Applicants who meet the eligibility criteria are interviewed, after which the Panel makes recommendations to the Board of Trustees for final approval.

Throughout 2025, Regain delivered a range of fundraising initiatives to generate the income required to support its grant-making activities. Two flagship events were organised: a cycling challenge at Thruxton Race Circuit and a Gala Dinner at The Peninsula London.

We were pleased to welcome over 200 participants to the third annual cycling challenge event. Participants undertook 10, 20, 30, or 42 lap challenges, raising sponsorship for each lap completed. The event was attended by four Scout and one Guides groups, who also participated in a disability awareness workshop led by Regain patron Jonathan Coggan. In addition, corporate teams of four competed in a 42-lap relay challenge.

The Gala Dinner at The Peninsula London was another significant success, with 310 guests in attendance. Funds were raised through both pledge and silent auctions. We were delighted to welcome Steve Brown as compere for our Gala Dinner. A former captain of the Great Britain wheelchair rugby team at the London 2012 Paralympic Games, Steve is now a respected television presenter and motivational speaker, best known for his work on programmes including Countryfile and Escape to the Country. The auction was conducted by Lord Jeffrey Archer.

In addition, five runners represented Regain in the London Marathon, collectively raising £7,450.

Plans for the Future

Looking ahead to 2026, planned initiatives include becoming a partner charity of Run 2 Paris, delivering a unique Coast to Coast challenge for one of our tetraplegic beneficiaries, Danny (“Danny’s Big Challenge”), using a chin-controlled off-road wheelchair, and hosting a third Gala Dinner at The Peninsula London to build on the success of previous years.

It was agreed the Thruxton Cycling Challenge would be rested in 2026, to focus resources into more profitable events.

Financial Review

Financial Position

Total unrestricted funds at 31 December 2025 are £279,277 (2024: £269,304).

Total income received during the year was £270,290 compared with £249,015 in the previous year. Of this, £9,500 in 2025 (2024: £11,285) has been received for specific projects and is restricted in use.

Event income of £236,501 (2024: £231,745) represented an improvement over the previous year.

Costs of raising funds amounted to £150,077 (2024: £158,906) and expenditure on charitable activities amounted to £111,459 (2024: £119,308), inclusive of expenditure of £6,124 (2024: £11,285) for specific projects from restricted funds.

The surplus of resources on unrestricted funds was £9,973 (2024: deficit £11,444), with the overall net surplus of £13,349 (2024: deficit £11,444 ).

After deducting tangible assets and investments of £190,486 (2024: £181,030) there is a surplus of £88,791 of free reserves (2024: £88,274). Cashflow will continue to be monitored carefully in 2026, and the Trustees will liquidate investment funds as required, to ensure that adequate cash resources are available to meet expenditure.

Reserves Policy

The Trustees have the power to invest any funds not required for immediate use on deposit or invest as they see fit.

The Trustees’ policy is to maintain a level of reserves which will provide a stable base for the charitable company's continuing activities while at the same time ensuring that reserves are not accumulated.

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Regain - The Charity For Tetraplegics

Trustees' Report (continued)

For The Year Ended 31 December 2025

Structure, Governance and Management

Governing Document

The Trevor Jones Tetraplegic Trust was created as a charity in 1988 and was incorporated on 17 December 1993 when it was registered with the Charity Commissioners for England and Wales as Charity No 1030693. In order to accurately reflect the work and scope of the Trust, the name was changed to Regain - The Trust for Sports Tetraplegics on 19 May 1995. The name was changed again on 29th September 2025 to Regain The Trust for Tetraplegics (''Regain'') to reflect the expanded remit. Regain is the only charitable organisation dedicated solely to improving the independence of all British men and women who have become tetraplegic.

Regain is a company limited by guarantee governed by its Memorandum and Articles of Association. The charity’s liability is limited by the guarantee of its members. Each member has agreed to accept a liability of an amount not exceeding £10 should the charity be wound up.

Trustee Selection Methods

Trustees are selected to give an appropriate range of skills and experience, and are recruited by personal contact or by using Reach (www.Reachskills.org.uk). New trustees are introduced to the other trustees at one of their quarterly meetings and if considered suitable appointed at that meeting.

Newly appointed trustees are inducted by existing trustees. The Charity Director sends to all new trustees the latest governance information produced by the Charity Commission which outlines their responsibilities and duties as a trustee.

Organisation

The board of trustees (the “Trustees”) administers the charitable company. They meet quarterly to make the operational decisions. The day-to-day running of the charitable company is delegated to the Charity Director.

Trustees

The following have held office during 2025:

Ivan Jones (Chairman)

Alexandra Hodges (resigned 25th March 2025)

Dominic Coleman

Lord Ivar Mountbatten DL

Miles Dean

Paul Coleman

Rob Smith

Simon Killick (appointed 5th June 2025)

Stephen Killick

Risk management

The Trustees keep under review the risk areas to which they believe the Charity may be exposed under the guidance of the Charity Director. Procedures for mitigation, monitoring and control are in place.

A summary of the principle risks and uncertainties identified by the Trustees are as follows:

The Charity has exposure to liquidity risk. The objective of the Charity in managing liquidity risk is to ensure that it can meet its financial liabilities as and when they fall due. There are no borrowings. The amount of resources available to distribute as charitable grants is reviewed by the Trustees on a quarterly basis and is the key factor in considering applications.

Other operating risks are mitigated by insurance policies kept under review by the Charity Director

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Regain - The Charity For Tetraplegics

Trustees' Report (continued)

For The Year Ended 31 December 2025

Statement of Trustees' Responsibilities

The trustees (who are also the directors of Regain - The Charity For Tetraplegics 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 charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing the financial statements the trustees are required to:

select suitable accounting policies and then apply them consistently;
observe the methods and principles in the Charity SORP;
make judgments and accounting estimates that are reasonable and prudent; and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The trustees are responsible for keeping adequate accounting records which disclose with reasonable accuracy at anytime the financial position of the charitable company and to enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Small Company Rules

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The trustees' report was approved by the board of trustees and signed on its behalf by:

Ivan Jones

Trustee

08/07/2026

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Regain - The Charity For Tetraplegics

Independent Examiner's Report to the Trustees of Regain - The Charity For Tetraplegics

For The Year Ended 31 December 2025

Independent Examiner's Report to the Trustees of Regain - The Charity For Tetraplegics

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2025.

Responsibilities and Basis of Report

As the charity trustees of the Company (and also its directors for the purposes of company law), you are responsible for the preparation of the accounts 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 your 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 Company’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, 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:

accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
the accounts do not accord with those records; or
the accounts 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
the accounts 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.

Gilbert Holbourn FCA,FCCA,DChA

08/07/2026

1 Upper Bridge Street
Wye
Kent
TN25 5AF

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Regain - The Charity For Tetraplegics

Statement of Financial Activities (including Income and Expenditure Account)

For The Year Ended 31 December 2025

Statement of Financial Activities (including Income and Expenditure Account)

				2025	2024
		Unrestricted funds	Restricted funds	Total funds	Total funds
	Notes	£	£	£	£
INCOME AND ENDOWMENTS FROM:
Donations and legacies	3	17,018	9,500	26,518	10,879
Charitable activities:
Events		238,901	-	238,901	231,745
Investments	4	4,871	-	4,871	6,391

		260,790	9,500	270,290	249,015

EXPENDITURE ON:
Raising funds	5	(150,077 )	1	(150,076 )	(158,907 )
Charitable activities:	5
Wheelchairs		(54,948 )	-	(54,948 )	(71,594 )
Handbikes,computers and other		(33,105 )	-	(33,105 )	(33,650 )
Other grants		(9,833 )	(6,125 )	(15,958 )	(5,125 )
Governanace Costs		(7,449 )	-	(7,449 )	(8,938 )

		(255,412 )	(6,124 )	(261,536 )	(278,214 )

NET INCOME/(EXPENDITURE) BEFORE INVESTMENT GAINS/(LOSSES)		5,378	3,376	8,754	(29,199)
Net gains on investments		4,595	-	4,595	17,755

NET INCOME/(EXPENDITURE)		9,973	3,376	13,349	(11,444 )


NET MOVEMENT IN FUNDS		9,973	3,376	13,349	(11,444 )
RECONCILIATION OF FUNDS:
Total funds brought forward		269,304	2,000	271,304	282,748

TOTAL FUNDS CARRIED FORWARD	13	279,277	5,376	284,653	271,304

There were no recognised gains or losses other than the net movment of funds for the two financial years.

All activities of the charity are continuing.

The notes on pages 10 to 16 form part of these financial statements.

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Regain - The Charity For Tetraplegics

Comparative Statement of Financial Activities (including Income and Expenditure Account)

For The Year Ended 31 December 2025

Comparative Statement of Financial Activities (including Income and Expenditure Account)

				2024
		Unrestricted funds	Restricted funds	Total funds
	Notes	£	£	£
INCOME AND ENDOWMENTS FROM:
Donations and legacies	3	10,879	-	10,879
Charitable activities:
Events		220,460	11,285	231,745
Investments	4	6,391	-	6,391

		237,730	11,285	249,015

EXPENDITURE ON:
Raising funds	5	(158,907 )	-	(158,907 )
Charitable activities:	5
Wheelchairs		(71,594 )	-	(71,594 )
Handbikes,computers and other		(22,365 )	(11,285 )	(33,650 )
Other grants		(5,125 )	-	(5,125 )
Governanace Costs		(8,938 )	-	(8,938 )

		(266,929 )	(11,285 )	(278,214 )

NET EXPENDITURE BEFORE INVESTMENT LOSSES		(29,199)	-	(29,199)
Net gains on investments		17,755	-	17,755

NET EXPENDITURE		(11,444 )	-	(11,444 )


NET MOVEMENT IN FUNDS		(11,444 )	-	(11,444 )
RECONCILIATION OF FUNDS:
Total funds brought forward		280,748	2,000	282,748

TOTAL FUNDS CARRIED FORWARD	13	269,304	2,000	271,304

There were no recognised gains or losses other than the net movment in funds for the two financial years.

All activities of the charity are continuing.

The notes on pages 10 to 16 form part of these financial statements.

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Regain - The Charity For Tetraplegics

Balance Sheet

As At 31 December 2025

Balance Sheet

				2025	2024
		Unrestricted funds	Restricted funds	Total funds	Total funds
	Notes	£	£	£	£
FIXED ASSETS
Investments	9	190,486	-	190,486	181,030

		190,486	-	190,486	181,030
CURRENT ASSETS
Debtors	10	15,427	-	15,427	19,766
Cash at bank and in hand		115,537	5,375	120,912	133,760

		130,964	5,375	136,339	153,526
Creditors: Amounts Falling Due Within One Year	11	(42,173 )	1	(42,172 )	(63,252 )

NET CURRENT ASSETS (LIABILITIES)		88,791	5,376	94,167	90,274

TOTAL ASSETS LESS CURRENT LIABILITIES		279,277	5,376	284,653	271,304

NET ASSETS		279,277	5,376	284,653	271,304

FUNDS OF THE CHARITY
Restricted Funds				5,376	2,000
Unrestricted Funds				279,277	269,304

TOTAL FUNDS	13			284,653	271,304

For the year ending 31 December 2025 the charitable company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

On behalf of the board

Ivan Jones

Trustee

08/07/2026

The notes on pages 10 to 16 form part of these financial statements.

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Regain - The Charity For Tetraplegics

Notes to the Financial Statements

For The Year Ended 31 December 2025

Notes to the Financial Statements

1. General Information

Regain - The Charity For Tetraplegics is a company limited by guarantee, incorporated in England & Wales, registered number 02883419 and registered charity number 1030693 . The registered office is 1 Howe Close, Shenley, Radlett, WD7 9JF.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared for the year ended 31 December 2025.

The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant accounting policies below or the notes to these accounts.

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)", Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

The charitable company is a Public Benefit Entity as defined by FRS 102.

The accounts are presented in sterling and are rounded to the nearest pound.

2.2. Going Concern Disclosure

The trustees have not identified any material uncertainties related to events or conditions that may cast significant doubt about the charitable company 's ability to continue as a going concern. The Trustees have assessed whether the use of the going concern assumption is appropriate in preparing these accounts. The Trustees have made this assessment in respect to a period of one year from the date of approval of these accounts.

The Trustees of the Charity have concluded that there are no material uncertainties related to events or conditions that may cast significant doubt on the ability of the Charity to continue as a going concern. The Trustees are of the opinion that the Charity will have sufficient resources to meet its liabilities as they fall due.

2.3. Incoming Resources

All income is included in the Statement of Financial Activities when the Charity is entitled to the income, receipt is probable and the amount can be quantified with reasonable accuracy. The following specific policies apply to categories of income:

• Donations are recognised as income when receivable, except insofar as they are incapable of financial measurement.

• Investment income is accounted for in the period in which the Charity is entitled to receipt.

• The value of services provided by volunteers has not been included in these accounts.

2.4. Resources Expended

Expenditure is recognised on an accruals basis as a liability is incurred.

All costs are allocated between the expenditure categories in the statement of financial activities based on the use of the resource.

Grants payable are charged in the year when the offer is conveyed to the recipient.

Governance costs are included within charitable activities and reflect the costs of an independent examination in order to meet the constitutional and statutory requirements of the Charity.

The costs of raising funds include relevant proportions of the salaries of those responsible for fundraising and the costs of items used solely for fundraising (leaflets, etc.). The Charity exists in order to deliver a front-line service and only fundraises to facilitate that activity; other support costs have therefore been allocated to charitable activities.

2.5. Investments

The fixed asset investments are invested in UK investment trusts.

This investment is a form of financial instrument initially recognised at transaction value and subsequently measured at fair value at the balance sheet date using the closing quoted market price.

Any gain/(loss) on revaluation and disposal are recorded in the statement of financial activities

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Regain - The Charity For Tetraplegics

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.6. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

2.7. Taxation

Regain is a registered charity and therefore is not liable to income tax or corporation tax on income derived from its charitable activities, as it falls within the various exemptions available to registered charities.

2.8. Provisions and Contingencies

Creditors and provisions 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. Creditors and provisions are recognised at the amount the Charity anticipates it will pay to settle the debt. They have been discounted to the present value of the future cash payment where such discounting is material.

2.9. Pensions

Employees of the Charity are entitled to join a defined contribution ‘money purchase’ scheme. The Trust’s contribution is disclosed in note 8. There were no outstanding contributions (employer and employee) at the year end (2024: £Nil). The Charity has no liability beyond making its contributions and paying across the deductions for the employee’s contributions.

3. Income from Donations and Legacies

			2025
	Unrestricted	Restricted	Total
	funds	funds	funds
	£	£	£
Donations and gifts	17,018	9,500	26,518

			2024
	Unrestricted	Restricted	Total
	funds	funds	funds
	£	£	£
Donations and gifts	10,879	-	10,879

4. Investment Income

	2025	2024
	Unrestricted	Unrestricted
	funds	funds
	£	£
Bank interest receivable	10	15
Dividends from investments	4,861	6,376

	4,871	6,391

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Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

5. Analysis of Expenditure

				2025
	Activities undertaken directly	Grant funding of activities	Support costs (see note 6 )	Total
	£	£	£	£
Raising funds	123,378	-	26,698	150,076
Wheelchairs	-	47,455	7,493	54,948
Handbikes,computers and other	-	28,591	4,514	33,105
Other grants	-	14,618	1,340	15,958
Governanace Costs	-	-	7,449	7,449

	123,378	90,664	47,494	261,536

				2024
	Activities undertaken directly	Grant funding of activities	Support costs (see note 6 )	Total
	£	£	£	£
Raising funds	125,239	-	33,668	158,907
Wheelchairs	-	62,562	9,032	71,594
Handbikes,computers and other	-	28,401	5,249	33,650
Other grants	-	3,000	2,125	5,125
Governanace Costs	-	-	8,938	8,938

	125,239	93,963	59,012	278,214

6. Support Costs

						2025
	Raising funds	Wheelchairs	Handbikes,computers and other	Other grants	Governanace Costs	Total
	£	£	£	£	£	£
Employee costs:
Salaries	18,000	5,052	3,044	904	3,000	30,000
Pension contributions	429	120	72	21	71	713
Subcontractor costs	3,000	842	507	151	500	5,000
General administration:
Meeting and travel costs	701	197	118	35	117	1,168
Insurance	1,419	398	240	71	236	2,364
Independent examiner's fees	-	-	-	-	3,000	3,000
Other expenses	3,149	884	533	158	525	5,249

	26,698	7,493	4,514	1,340	7,449	47,494

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Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

						2024
	Raising funds	Wheelchairs	Handbikes,computers and other	Other grants	Governanace Costs	Total
	£	£	£	£	£	£
Employee costs:
Salaries	27,246	7,645	4,607	1,369	4,541	45,408
Employers NI	387	109	65	19	65	645
Pension contributions	197	55	33	10	33	328
General administration:
Meeting and travel costs	766	215	129	38	128	1,276
Insurance	1,346	378	228	68	225	2,245
Independent examiner's fees	-	-	-	-	2,900	2,900
Other expenses	3,726	630	187	621	1,046	6,210

	33,668	9,032	5,249	2,125	8,938	59,012

Support costs are allocated as follows.

Cost of generating voluntary income 60%

Charitable activities 30%

Governance costs 10%

7. Staff Costs

Staff costs were as follows:

	2025	2024
	£	£
Wages and salaries	30,000	45,408
Social security costs	-	645
Other pension costs	713	328

	30,713	46,381

No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000.

8. Average Number of Employees

Average number of employees during the year was: 1 (2024: 1)

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Regain - The Charity For Tetraplegics

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

9. Investments

	Cash & Cash Equivalents	Unlisted	Total
	£	£	£
Cost or Valuation
As at 1 January 2025	1,249	179,781	181,030
Additions	-	4,883	4,883
Disposals	(22 )	-	(22 )
Revaluations	-	4,595	4,595

As at 31 December 2025	1,227	189,259	190,486

Provision
As at 1 January 2025	-	-	-

As at 31 December 2025	-	-	-

Net Book Value
As at 31 December 2025	1,227	189,259	190,486

As at 1 January 2025	1,249	179,781	181,030

Historical cost as at 31 December 2025 was £143,722 (2024: £ 139,126) .

Investments at market value comprised:

2025 2024

£ £

UK Investment Trust – Sarasin Endowments Fund Class A Inc 189,259 179,781

Cash deposit 1,227 1,249

_________ ________

190,486 181,030

________ ________

10. Debtors

	2025	2024
	£	£
Due within one year
Prepayments and accrued income	15,427	19,766

11. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Taxation and social security	1,215	1,215
Accruals and other creditors	8,194	15,953
Committed charitable expenditure	32,763	46,084

	42,172	63,252

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Regain - The Charity For Tetraplegics

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

12. Pension Commitments

The charitable company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charitable company in an independently administered fund.

During the year the charge to the statement of financial activities in respect of defined contribution schemes was £713 (2024: £328).

At the balance sheet date no contributions of were due to the fund.

13. Movement in Funds

	As at 1 January 2025	Income	Expenditure	As at 31 December 2025
	£	£	£	£
Unrestricted funds
General:
General unrestricted fund	269,304	260,790	(250,817 )	279,277
Restricted funds
Restricted	2,000	9,500	(6,124 )	5,376


Total funds	271,304	270,290	(256,941 )	284,653

	As at 1 January 2024	Income	Expenditure	As at 31 December 2024
	£	£	£	£
Unrestricted funds
General:
General unrestricted fund	280,748	237,730	(249,174 )	269,304
Restricted funds
Restricted	2,000	11,285	(11,285 )	2,000


Total funds	282,748	249,015	(260,459 )	271,304

Restricted income of £9,500 (2024: £11,285) was received for the establishment of a hand cycling club in London, a specific contribution to a beneficiary grant and to support people training for a certfied qualification. The balance represents funds for equipment and the hand cycling club events in 2026.

14. Transactions with Trustees

None of the trustees received any remuneration or any other benefits from an employment with the charity or a related entity during the current or previous year.

During the year the expenses reimbursed to the trustees or paid directly to third parties were as follows:

	2025	2024
	£	£
Travel	227	-
Subsistence	190	-
Other Expenses	552	552

	969	552

Page 15

Page 16

Regain - The Charity For Tetraplegics

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

Other expenses reimbursed were for Office Costs.

15. Related Party Disclosures

There have been no related party transactions in the reporting period that require disclosure, except for those disclosed in the Transactions with Trustees note.

16. Company limited by guarantee

The company is limited by guarantee and has no share capital.

Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £10 and totalling £80.

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Regain - The Charity For Tetraplegics

Detailed Statement of Financial Activities (including Income and Expenditure Account)

For The Year Ended 31 December 2025

Detailed Statement of Financial Activities (including Income and Expenditure Account)

	2025	2024
	Total funds	Total funds
	£	£
INCOME AND ENDOWMENTS FROM:
Donations and legacies

Donations and gifts	26,518	10,879

	26,518	10,879

Charitable Activities:
Events
Income from charitable activities	238,901	231,745

	238,901	231,745
Investments

Dividends from other fixed asset investments - unlisted	4,861	6,376
Bank interest receivable	10	15

	4,871	6,391


	270,290	249,015
EXPENDITURE ON:
Raising funds
Seeking donations and legacies	(4,808)	(7,784)
Staging fundraising events	(113,570)	(117,455)
Contracting with agents to raise funds	(5,000)	-
Salaries	(18,000)	(27,246)
Employers NI	-	(387)
Pension contributions	(429)	(197)
Subcontractor costs	(3,000)	-
Meeting and travel costs	(701)	(766)
Insurance	(1,419)	(1,346)
Other expenses	(3,149)	(3,726)

	(150,076)	(158,907)
Charitable Activities:
Wheelchairs
Grants to individuals	(47,455)	(62,562)
Salaries	(5,052)	(7,645)
Employers NI	-	(109)
Pension contributions	(120)	(55)
Subcontractor costs	(842)	-
Meeting and travel costs	(197)	(215)
Insurance	(398)	(378)
Other expenses	(884)	(630)

	(54,948)	(71,594)
Handbikes,computers and other
Grants to individuals	(28,591)	(28,401)
Salaries	(3,044)	(4,607)
Employers NI	-	(65)

...CONTINUED

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Regain - The Charity For Tetraplegics

Detailed Statement of Financial Activities (including Income and Expenditure Account) (continued)

For The Year Ended 31 December 2025

Other grants
Pension contributions	(72)	(33)
Subcontractor costs	(507)	-
Meeting and travel costs	(118)	(129)
Insurance	(240)	(228)
Other expenses	(533)	(187)

	(33,105)	(33,650)
Grants to individuals	(14,618)	(3,000)
Salaries	(904)	(1,369)
Employers NI	-	(19)
Pension contributions	(21)	(10)
Subcontractor costs	(151)	-
Meeting and travel costs	(35)	(38)
Insurance	(71)	(68)
Other expenses	(158)	(621)

	(15,958)	(5,125)
Governanace Costs
Salaries	(3,000)	(4,541)
Employers NI	-	(65)
Pension contributions	(71)	(33)
Subcontractor costs	(500)	-
Meeting and travel costs	(117)	(128)
Insurance	(236)	(225)
Independent examiner's fees	(3,000)	(2,900)
Other expenses	(525)	(1,046)

	(7,449)	(8,938)

	(261,536)	(278,214)

NET INCOME/(EXPENDITURE) BEFORE INVESTMENT GAINS/(LOSSES)	8,754	(29,199)
Net gains on investments

Surplus on disposal of unlisted fixed asset investments	-	15,308
Surplus on revaluation of investments	4,595	2,447

	4,595	17,755


NET INCOME/(EXPENDITURE)	13,349	(11,444)

Page 18

Trustees	Ivan Jones - Chairman
	Dominic Coleman
	Lord Ivar Mountbatten DL
	Miles Dean
	Paul Coleman
	Rob Smith
	Simon Killick (appointed 05/06/2025)
	Stephen Killick
	Stevieann Stewart (appointed 18/03/2026)
	William Weston (appointed 07/02/2026)


Charity Director	Calum Frampton

Charity Number	1030693

Company Number	02883419

Registered Office	1 Howe Close
	Shenley
	Radlett
	WD7 9JF

Independent Examiner	Gilbert Holbourn FCA,FCCA,DChA
	1 Upper Bridge Street Wye Kent TN25 5AF

Bankers	Lloyds Bank Plc
	13-14 Cornmarket
	Thame
	OX9 2BN