Charity registration number 1048489 (England and Wales)
Company registration number 03086164
THE GLOUCESTERSHIRE ASSOCIATION FOR DISABILITY
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

THE GLOUCESTERSHIRE ASSOCIATION FOR DISABILITY
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
M J Davies
Mrs J M Davies (Resigned 30 April 2025)
Mr S J Elway
Mrs JE Hopkins
Mrs MY Knight
Mrs NE Lynch
Mrs G McCarthy
Mr T M Rogers
Irs S D Tann
Secretary
Charity number (England 1048489
and Wales)
Company number
Registered office
Mrs G McCarthy
Auditor
Bankers
03086164
Centre for Deaf People
Colin Road
Barnwood
Gloucester
Gloucestershire
England
GL4 3JL
BK Plus Audit Limited
6 Manor Park Business Centre
MacKenzie Way
Swindon Village
Cheltenham
Gloucestershire
United Kingdom
GL51 9TX(
CAF Bank
Investment managers
Rathbones Investment Management Ltd
Grants administrators
Mrs Sandra Jones
Mrs Meg Morris
Website
www.glosdisabilityfund.org.uk

THE GLOUCESTERSHIRE ASSOCIATION FOR DISABILITY
CONTENTS
Trustees' report
Page
1 - 6
Independent auditor's report
7 - 9
Statement of financial activities
10
Statement of financial position
11
Notes to the financial statements
12 - 16

THE GLOUCESTERSHIRE ASSOCIATION FOR DISABILITY
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 31 MARCH 2025
The Trustees, who are also directors of the charity, present their report along with the financial statements of the
charity for the year ended 31 March 2025. The Trustees have adopted the provisions of Accounting and Reporting
by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance
with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January
The charity has its roots in the County Committee for the Care of the Physically Handicapped, which was
established in the late 1940s under the umbrella of Gloucestershire County Council. Since its inception, the
organisation has evolved over the decades in both the services it provides and its legal structure.
The Gloucestershire Association for Disability (operating as the Gloucestershire Disability Fund) is now a private
charitable company limited by guarantee (company 3086164) and a registered charity (charity number 1048489)
governed by its Memorandum and Articles of Association which were adopted on 1 August 1995 and amended in
1999 to read 'to promote the welfare of disabled persons other than those with a serious mental health condition
within the County of Gloucestershire'. With the power to utilise its resources in various ways, the Trustees at that
time, after consulting with its beneficiary groups, decided that grant-making was the right course of action for the
future. Today, it remains a grant-making charity in the fields of physical and learning disabilities, as well as sight
and/or hearing impairment.
Objectives and activities
Objectives
Over the course of three decades, the Trustees have leveraged their professional and personal knowledge of the
life-changing issues arising from disabilities and the stress these can bring to family life and individual development.
These grants help provide essential needs, enhance well-being and encourage the development of people with
disabilities. Since its inception, the charity has distributed around £1,000,000 in grant aid, and grant-making remains
its core purpose.
This year, the charity focused on improving its internal systems and reviewing and updating its online application
Attention has also been given to trustee training on IT, data management and cyber protection. The
organisation was pleased to appoint a second part-time grants administrator to assist with processing grant
The Trustees held their annual strategic planning day during the year to strengthen the Trustees' understanding of
the external environment in which the charity operates and to ensure awareness of changes affecting its work.
Public benefit
The Trustees confirm that the charity's objectives and the way it carries out its work comply with the Charity
Commission's definition of public benefit. Applications meeting the residential, financial and disability criteria are
considered, and no private benefit is given to any person associated with the charity, other than for reasons of
disability or the modest retirement gifts given to former Trustees or staff.
- 1-

THE GLOUCESTERSHIRE ASSOCIATION FOR DISABILITY
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Achievements and performance
The charity operates two funding streams:
• well-being and opportunity grants to eligible individuals experiencing hardship or a need not met by any
other source;
• grants to organisations within Gloucestershire working with our beneficiary group.
otter ongoing support. In 2024-25, a total of 304 applications were received, representing a 23.1% increase on the
previous year. Of these, 79 were automatically declined because they did not meet the eligibility criteria. The Grants
Committee reviewed 225 applications, and 150 grants were approved. The total amount awarded to individuals in
2024-2025 was £69,352. Eight previously approved grants were not taken up during the year.
This is broadly consistent with the previous year, reflecting the ongoing need for practical assistance, such as
essential household items and equipment that promote independent living.
In addition, in 2024-2025, 21 applications were received from organisations, representing a 31% increase on the
previous year. Of these, 15 were approved, with total grants awarded amounting to £61,329. One grant was not
taken up from the previous financial year. The organisations supported were:
Organisation
Brain Tumour Support
Brockworth Link
Cheltenham Festivals
fly2help
GL11 Community Project
Gloucester Camera Club
Gloucestershire Deaf Association
Goals Beyond Grass
Ignition Gloucestershire Ltd
Insight Gloucestershire
Lydney Dial-a-Ride
Newent Association for the Disabled
Soundabout
The Living Paintings Trust
The Spring Centre Trust Fund
The Willow Trust
Grant Award
£4,000
£619
£2,500
£840
£2,707
£1,896
£25,000
£4,867
£2,000
£2,500
£1,000
£2,000
£3,000
€500
£2,900
1£5,000
Overall, the year has seen a steady rise for both individual and organisational grants. The Trustees remain
committed to meeting essential needs, promoting independence
and enhancing well-being for people with
disabilities in Gloucestershire.
Alongside this, the Trustees modernised the charity's administrative systems during the year, appointing an externa
IT provider to manage and support its digital operations. Trustees are now equipped with laptops and use a secure
Microsoft 365 platform for communications and document storage. Regular training and routine maintenance ensure
he system remains efficient, compliant and up to date. The Trustees have implemented new IT security measure
ind data-protection protocols in line with current GDPR-UK standards
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THE GLOUCESTERSHIRE ASSOCIATION FOR DISABILITY
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Financial review
Reserves policy
It is the policy of the charity to maintain unrestricted funds within the portfolio managed by Rathbones. These
unrestricted funds can be used with the discretion of Trustees within the stated Objects of the charity. The Trustees
consider a two-year level of reserves to be prudent, enabling continuity of grant-making in the event of a sustained
decline in investment income.
As a grant-making trust that operates without public fundraising, our support and administration costs remain
modest. While published sector data do not provide a specific benchmark for grant-making trusts alone,
commentary from the Association of Charitable Foundations (ACF) suggests that operating costs are typically well
under 15% of total spending. Accordingly, the Trustees are satisfied that the charity's cost levels remain appropriate
and in line with sector practice. This ensures we can maximise the funds available for grants.
Investment policy and performance
Rathbones Investment Management manages the investment portfolio on a discretionary basis, adhering to a clear
strategy that aims to achieve balanced growth, commensurate with funding requirements, through medium- to high-
risk investments. In broad terms, the charity aims to achieve an income yield of 3.0% while maintaining the capital
value of the fund. Rathbones' management fee is deducted from capital, and the charity therefore receives gross
dividend income. The charity's dividend income for 2024/2025 was £187,690.
that the portfolio remains appropriate to the charity's objectives and risk appetite.
During the year, the charity received a legacy donation of £60,000, for which the trustees are most grateful. This
generous gift has been added to the charity's unrestricted funds to support future grant-making.
Plans for future periods
Trustees have noted an increase and a material change in the number of individual applications in recent years.
Alongside this, organisation applications have increased in number, and this is an area we are looking to develop
further. Informed by recent data analysis work undertaken by the charity's grants administrators, the Board plans to
conduct an in-depth review of its grant-making strategy during the next financial year to ensure that it continues to
meet its charitable objectives as effectively as possible.
We shall also maintain regular reviews of all policies (which are listed below) to keep abreast of changing
regulations:
• Risk Register
• Business Continuity Plan
• Data Protection Policy (and Data Breach Procedure)
• Employee Handbook
• Employee Policies
• Exit Strategy Policy
• Internet, Email and Social Media Usage Policy
• Investment and Reserves Policy
• Office Procedures and Office Risk Assessment
• Operational Financial Controls
• Safeguarding Policy
• Sexual Harassment Policy
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THE GLOUCESTERSHIRE ASSOCIATION FOR DISABILITY
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Structure, governance and management
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:
Mrs J M Davies (Resigned 30 April 2025)
Mr S J Elway
Mrs J E Hopkins
Mrs MY Knight
Mrs NE Lynch
Mrs G McCarthy
Mr TM Rogers
Mrs S D Tanner
Mr R I Clyne
Recruitment and appointment of trustees
Trustees are appointed for a period of three years, after which they may be re-elected to serve a further three-year
term. There is currently no limit on the number of times a trustee can be re-appointed. The Trustees seek to ensure
that the interests of their beneficiary groups are reflected in the diversity of those appointed, and that this should
include Trustees who are themselves disabled or have direct experience of disability.
The officers of the charity (i.e. the Chairperson, Vice Chairperson, Treasurer and Company Secretary) are elected
at the Annual General Meeting in December of each year. Other Trustees hold designated roles to cover all aspects
of the charity's operations, such as HR and office management. At the end of the financial year, there were nine
Irustees.
We must report the resignation/retirement of Joan Davies, who for many years has been a much-valued member of
the Board and whose experience in the field of social care and occupational therapy has often played a crucial part
in our decision-making on the Grants Committee.
Sadly, three more Trustees from our long-serving Board have declared their intention to step down at the next
Annual General Meeting. Following a careful review of strengths and skills gaps, we are now in the process of
recruiting additional members to the Board.
Members of the Council of Management (i.e., directors/Trustees) have no beneficial interest in the company
however, as members of the charity, they hold voting rights. Members guarantee to contribute an amount no
exceeding £1 to the charity's assets in the event of winding up. As of 31 March 2025, the total number of such
Trustees was nine.
- 4 -

THE GLOUCESTERSHIRE ASSOCIATION FOR DISABILITY
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Organisational structure and meetings
The Directors of the charity are its Trustees. They are responsible for the overall governance and management of
the charity. The Council of Management (i.e., the Board of Trustees) meets at least four times a year to review the
sectors, and are familiar with the day-to-day challenges faced by individuals with disabilities and the organisation
that serve them. Additionally, some Trustees possess managerial or financial experience, which they brina to beal
on the management of the charity. All are unpaid.
We have two part-time Grants Administrators who are responsible for dealing with enquiries and processing grant
applications. Bookkeeping is outsourced.
The Chair wishes to express gratitude to the charity's Grants Administrators, Sandra Jones and Meg Morris, and all
the Trustees for their contributions
and commitment to the charity's operation, as well as for their valuable
knowledge and experience.
Induction and training of new Council of Management members (Trustees/directors)
Prospective Trustees
are issued an information pack consisting of the charity's Memorandum and Articles of
Association, a brochure, the previous year's accounts, Charity Commission guidance for new Trustees, and the
grant-making guidelines. They are also invited to attend meetings as observers to gain practical insight into the
grant-making process and other business.
Related parties
The charity is independently funded and has no formal connection or arrangement with other charities or agencies.
It seeks to cooperate with other grant makers where relevant and appropriate, while recognising that data-protection
requirements can sometimes limit information-sharing with other funders. There have been no related-party issues
affecting the Trustees or staff.
Governance and risk management
The Trustees review, every quarter, the significant strategic, business, and operational risks that the charity is likely
to face. Any proposed new activity or strategic decision would be subject to a risk review, as well as seeking
appropriate professional advice as part of the initial assessment and subsequent implementation. However, in
assessing risk, Trustees recognise that some activities require the acceptance and management of risk if the
charity's goals are to be realised. It is the Council of Management's place to provide reasonable assurance against
fraud and error.
Statement of Trustees' responsibilities
The Irustees, who are also the directors of The Gloucestershire Association for Disability 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 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 will
continue in operation.
he rustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy a
any time the financial position of the and enable them to ensure that the financial statements comply with th
Companies Act 2006. They are also responsible for safeguarding the assets of the and hence for taking reasonable
steps for the prevention and detection of fraud and other irregularities.
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THE GLOUCESTERSHIRE ASSOCIATION FOR DISABILITY
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Auditor
accordance with the company's articles, a resolution proposing that BK Plus Audit Limited be reappointed :
iditor of the company will be put at a General Meetin
Disclosure of information to auditor
Each of the Trustees has confirmed that there is no information of which they are aware which is relevant to the
audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to
identify such relevant information and to establish that the auditor is aware of such information.
The Trustees' report was approved by the Board of Trustees.
Steetho
Mr S J Elway
Date:
15tt Docentor 2025
- 6-

THE GLOUCESTERSHIRE ASSOCIATION FOR DISABILITY
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF THE GLOUCESTERSHIRE ASSOCIATION FOR DISABILITY
Opinion
We have audited the financial statements of The Gloucestershire Association for Disability (the ") for the year ended
31 March 2025 which comprise the statement of financial activities, the statement of financial position and notes to
the financial statements, including significant accounting policies. The financial reporting framework that has beer
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, including its income and expenditure, for the year then
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice;
and
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 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.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the Trustees' use of the going concern basis of
accounting in the preparation of the financial statements is appropriate.
Based
on the work we have performed, we have not identified any material uncertainties relating to events or
conditions that, individually or collectively, may cast significant doubt on the '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
otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our
responsibility is to read the other information and, in doing so, consider whether the other information is materially
inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears
to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are
required to determine whether this gives rise to a material misstatement in the financial statements themselves. If,
based on the work we have performed, we conclude that there is a material misstatement of this other information,
we are required to report that fact.
We have nothing to report in this regard.
- 7-

THE GLOUCESTERSHIRE ASSOCIATION FOR DISABILITY
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF THE GLOUCESTERSHIRE ASSOCIATION FOR DISABILITY
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of our audit:
le intormation given in the Trustees' report for the financial year for which the financial statements a
repared, which includes the directors' report prepared for the purposes of company law, is consistent with tt
financial statements; and
the directors' report included within the Trustees' report has been prepared in accordance with applicable legal
requirements.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the and its environment obtained in the course of the audit, we
have not identified material misstatements in the directors' report included within the Trustees' report
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires
us to report to you if, in our opinion:
adequate accounting records have not been kept, or returns adequate for our audit have not been received
from branches not visited by us; or
the financial statements are not in agreement with the accounting records and returns; or
certain disclosures of trustees' remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit; or
the Trustees were not entitled to prepare the financial statements in accordance with the small companies
regime and take advantage of the small companies' exemptions in preparing the Trustees' report and from the
requirement to prepare a strategic report.
Responsibilities of Trustees
As explained more fully in the statement of Trustees' responsibilities, the Trustees, who are also the directors of the
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 '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.
Auditor's responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from
material misstatement, whether due to fraud or error, and to issue an 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.
Owing to the inherent limitations of an audit, there is an unavoidable risk that, despite us planning and performing
our audit in accordance with auditing standards, one or more material misstatements in the financial statements
may have gone undetected by our audit. As with any audit, there is a high risk that irregularities and fraud will go
undetected where they involve matters such as misrepresentations from management, collusion, deliberate
omissions and override of controls. It is not the role of the auditor to prevent non-compliance and we cannot be
expected to detect every instance of non-compliance with all laws and regulations.
In identifying
assessing risks of material misstatement in respect of irregularities, including fraud and non-
compliance with laws and regulations, our procedures included the following:
- 8-

THE GLOUCESTERSHIRE ASSOCIATION FOR DISABILITY
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF THE GLOUCESTERSHIRE ASSOCIATION FOR DISABILITY
• enquiries of management including a pre audit meeting;
• obtaining and reviewing supporting documentation of policies concerning the laws and regulations
applicable to the business;
• understanding how the company complies with its regulatory framework by making enquiries of
management;
considering the culture inherent in the company and whether this represents a culture of honesty ar
thical behaviour with a strong emphasis of detection and prevention of frau
We assessed the susceptibility of the company's financial statements to material misstatement and considered hon
fraud might occur. The audit procedures performed included, but were not limited to:
• challenging management assumptions and estimates;
• identifying and testing unusual journal entries
assessing how the relevant laws and regulations have been complied with and noting any instances of nor
compliance;
• reviewing the financial statements for compliance with relevant Accounting Standards and accounting
legislation applicable to a small company;
• considering how those charged with governance have addressed the possibility of an override of
essential controls or other influence over the financial reporting processes.
In addition, we also considered other non financial laws relevant to the company. These do not necessarily have a
direct influence on the financial statements but might affect the company's ability to operate.
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 charitable company's members, as a body, in accordance with Chapter 3 of Part 16
of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's
members those matters we are required to state to them in an 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 charitable
company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we
have formed.
Roger Downes FCA (Senior Statutory Auditor)
For and on behalf of BK Plus Audit Limited, Statutory Auditor
Chartered Certified Accountants
6 Manor Park Business Centre
MacKenzie Way
Swindon Village
Cheltenham
Gloucestershire
GL51 9TX
United Kingdom
Date: 16 Decenter 2025
- 9-

THE GLOUCESTERSHIRE ASSOCIATION FOR DISABILITY
FOR THE YEAR ENDED 31 MARCH 2025
Notes
Unrestricted
funds
2025
€
Income from:
Donations and legacies
Investments
Total income
Expenditure on:
Raising funds
Charitable activities
Total expenditure
Net gains/(losses) on investments
4
5
Net income and movement in funds
Reconciliation of funds:
Fund balances at 1 April 2024
Fund balances at 31 March 2025
60,000
188,126
248,126
41,188
165,309
206,497
47,033
88,662
6,423,609
6,512,271
- 10-
Unrestricted
funds
2024
197,102
197,102
38,847
166,921
205,768
398,274
389,608
6,034,001
6,423,609

THE GLOUCESTERSHIRE ASSOCIATION FOR DISABILITY
STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2025
Fixed assets
Investments
Current assets
Cash at bank and in hand
Creditors: amounts falling due within
one year
Net current assets
Total assets less current liabilities
The funds of the
Unrestricted funds
Notes
10
2025
€
6,177,828
2024
6,231,749
11
373,785
(39,342)
238,057
(46,197)
334,443
6,512,271
191,860
6,423,609
6,512,271
6,423,609
6,512,271
6,423,609
These financial statements have been prepared in accordance with the provisions applicable to companies subject
to the small companies regime.
The financial staterpents were approved by the Trustees on )S/12/25...
Greet
Mr S J Elway
Company registration number 03086164 (England and Wales)
- 11-

THE GLOUCESTERSHIRE ASSOCIATION FOR DISABILITY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
Charity information
The Gloucestershire Association for Disability is a private company limited by guarantee incorporated in
England and Wales. The registered office is Centre for Deaf People, Colin Road, Barnwood, Gloucester,
Gloucestershire, GL4 3JL, England.
1.1
Basis of preparation
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been
repared in accordance with the Charities SORP (FRS102) 'Accounting and Reporting by Charities
statement of Recommended Practice applicable in the UK and Republic of Ireland (FRS 102) (effective
January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and
Republic of Ireland' and the Companies Act 2006.
The financial statements have been prepared under the historical cost convention, with the exception of
investments which are included at market value, as modified by the revaluation of certain assets.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity.
Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial
statements.
1.3 Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds,
it is probable that the income will be received and the amount can be measured reliably.
1.4
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the
charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all
costs related to the category. Where costs cannot be directly attributed to particular headings they have been
allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment
but not accrued as expenditure.
1.5
Taxation
As a recognised charity, The Gloucestershire Association for Disability is exempt from Corporation Tax so far
as it relates to it's charitable objects. It is not, however, exempt from VAT, and irrecoverable VAT is included in
the cost of those items to which it relates.
1.6
Governance costs
Governance costs are the costs associated with the governance arrangements of the charity. These costs are
associated with constitutional and statutory requirements and include any costs associated with the strategic
management of the charity's activities.
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THE GLOUCESTERSHIRE ASSOCIATION FOR DISABILITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
2
Income from donations and legacies
Unrestricted
funds
2025
60,000
3
Legacies
Income from investments
Fixed asset investment income
Interest receivable
Unrestricted
funds
2025
€
187,690
436
188,126
4
Expenditure on raising funds
Legal and professional
Investment exchange gains/ (losses)
Portfolio management costs
Total costs
Unrestricted
funds
2025
74
2,537
2,611
38,577
41,188
- 13-
Unrestricted
funds
2024
Unrestricted
funds
2024
196,702
400
197,102
Unrestricted
funds
2024
€
13
3,343
3,356
35,491
38,847

THE GLOUCESTERSHIRE ASSOCIATION FOR DISABILITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
5
Expenditure on charitable activities
Direct costs
Staff costs
Rent, rates and room hire
Insurance
Telephone and internet
Postage and stationery
Website and computer costs
Subscriptions
Charges
Advertising
Grant funding of activities (see note 6)
Share of support and governance costs (see note 7)
Governance
Analysis by fund
Unrestricted funds
2025
9,112
3,825
282
840
3,524
11,225
1,456
30,338
130,681
4,290
165,309
165,309
6
Grants payable
Charitable
2025
€
130,681
7
Support costs allocated to activities
Governance costs
Analysed between:
Audit fees
Bookkeeping
Refreshments
Away day costs
2025
4,290
3,618
292
1
379
4,290
- 14-
2024
-
16,189
146,379
4,353
166,921
166,921
2024
146,379
2024
4,353
3,362
292
364
335
4,353

THE GLOUCESTERSHIRE ASSOCIATION FOR DISABILITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
8
9
Trustees
There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year
ended 31 March 2024.
Expenses to the value of £379 (2024: £13) were re-imbursed to one (2024: one) of the trustees in the year.
Employees
The average monthly number of employees during the year was:
Administration staff
2025
Number
2
2024
Number
1
There were no employees whose annual remuneration was more than £60,000.
10 Fixed asset investments
Cost or valuation
At 1 April 2024
Additions
Gains
Disposals
At 31 March 2025
Carrying amount
At 31 March 2025
At 31 March 2024
Listed
investments
6,231,749
826,213
47,033
(927,167)
6,177,828
6,177,828
6,231,749
Investment breakdown
UK common investment funds
Overseas common investment funds
Shares listed on the London Stock Exchanges
Infrastructure funds
2025
480,316
3,000,075
2,310,547
386,890
6,177,828
2024
613,004
2,949,116
2,280,520
389,109
6,231,749
The historical cost of fixed asset investments for the year ended 31 March 2025 was £5,092,864 (2024 -
£4,901,975)
- 15-

THE GLOUCESTERSHIRE ASSOCIATION FOR DISABILITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
11
Creditors: amounts falling due within one year
Government grants
Accrued expenses (auditor and portfolio management)
2025
26,242
13,100
39,342
2024
34,097
12,100
46,197
12 Movement in funds
All funds are general, unrestricted funds.
13 Related party transactions
There were no disclosable related party transactions during the year (2024 - A wellbeing grant of £600 was
awarded to a relative of one of the Trustees in the year).
- 16 -