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← Inclusive Leisure Education Activities Project

2024-12-31-accounts

Docusign Envelope ID: CA6ECE8B-2C32-4307-AC8E-86D6B0589B81

Charity Registration Number 1089508

Company Registration Number 04189331 (England and Wales)

INCLUSIVE LEISURE, EDUCATION, ACTIVITIES PROJECT ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Docusign Envelope ID: CA6ECE8B-2C32-4307-AC8E-86D6B0589B81

INCLUSIVE LEISURE, EDUCATION, ACTIVITIES PROJECT

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Mr. J Crossling (Retired 3 September 2024) Mr. R P Howdle Miss K Reid Mrs. P Wright Mr. J M D Taylor Mrs. E Bond Mrs. P Willson (Appointed 16 December 2024) Mr. B Kelly (Appointed 16 December 2024) Mrs. P King (Appointed 16 December 2024; Resigned 11 February 2025) Secretary Mr. P Bazeley CEO Charity number 1089508 Company number 04189331 Registered Office Elizabeth House Church House Stratford Upon Avon Warwickshire CV37 6HX Independent examiner Welf Accountants Limited Pure Offices Wilton Drive Warwick Warwickshire CV34 6RG

Docusign Envelope ID: CA6ECE8B-2C32-4307-AC8E-86D6B0589B81

INCLUSIVE LEISURE, EDUCATION, ACTIVITIES PROJECT

CONTENTS

Page
Trustees’ Report 1 – 7
Independent examiner’s report 8
Statement of financial activities 9
Balance sheet 10 – 11
Notes to the financial statements 12 – 24

Docusign Envelope ID: CA6ECE8B-2C32-4307-AC8E-86D6B0589B81

INCLUSIVE LEISURE, EDUCATION, ACTIVITIES PROJECT

TRUSTEE’S REPORT (INCLUDING DIRECTORS’ REPORT)

FOR THE YEAR ENDED 31 DECEMBER 2024

The trustees present their annual report and financial statements for the year ended 31 December 2024.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's memorandum and articles of association, the Companies Act 2006 and "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)".

Objectives and activities

The objects of the Charity are to create and sustain equal access and inclusion for disabled people to community provision and facilities.

Public benefit

The trustees have paid due regard to the Charity Commission's guidance on public benefit as required by the Charities Act. 2011 in deciding what activities the charity should undertake.

Docusign Envelope ID: CA6ECE8B-2C32-4307-AC8E-86D6B0589B81

INCLUSIVE LEISURE, EDUCATION, ACTIVITIES PROJECT

TRUSTEE’S REPORT (INCLUDING DIRECTORS’ REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2024

Achievements and performance

Significant activities and achievements against objectives

Inclusive Leisure, Education, Activities Project (ILEAP) became a private limited company on 28th March 2001 and a registered Charity on 27th November 2001. This was a major development for the Project as it developed, from under the wing of Voluntary Action Stratford-on-Avon Association (VASA), to an independent and user-led organisation.

Being managed by a cross-section of the ILEAP community and having its own accounts allowed the Charity to access a variety of funding opportunities, that otherwise were inaccessible due to being incorporated into the VASA accounts. This in turn led to an increase of services and opportunities for an increasing membership.

ILEAP aspires to the following mission statement.

"We believe all people have the right to leisure, education and self-development opportunities. Currently, many disabled people are denied this by attitudes in society and by environmental and organisational barriers. We aim to create and sustain equal access and inclusion for disabled people to community provision and facilities. We strive to raise awareness within communities in order to promote good inclusive working practices and facilitate social change."

Through its work the Charity has continuously improved its delivery by involving participants and their families, leisure providers, sessional staff and volunteers in the planning and development of services. This involvement enabled the ILEAP Charity to become the first organisation in Warwickshire to achieve the Warwickshire Award for Involvement and has led the Charity to focus on the following services that ILEAP members and their families have specifically requested:

Docusign Envelope ID: CA6ECE8B-2C32-4307-AC8E-86D6B0589B81

INCLUSIVE LEISURE, EDUCATION, ACTIVITIES PROJECT

TRUSTEE’S REPORT (INCLUDING DIRECTORS’ REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2024

In the wake of the loss of direct Statutory funding from April 2013 (see 2013 accounts) the Charity endeavours to sustain its services and promote new services that will hopefully generate income, thus making the organisation more sustainable.

The Charity has worked hard in developing new services that will not only add value to the programme but will provide future income streams. The combination of reduced reserves and a more social enterprise approach will enable Funders from individual Charitable Trusts to look favourably on future funding applications.

The Charity has managed to increase opportunities for a growing membership of people with Additional Needs, offering community based, term time, school holiday, individual and group support.

Feedback for the year has once again been extremely positive and can be viewed at our website www.ileap.co.uk .

We have increased our use of social media and our Facebook, Twitter and Instagram accounts have proved to be an excellent way of showcasing our work to the wider community and engaging with our Members and their Families. Similarly, our presence at local Markets through our Market Ability social enterprise has enabled us to engage more directly with the wider local community.

With increased competition from a growing marketplace of providers, ILEAP have endeavoured to work as efficiently and creatively as possible, whilst maintaining high levels of customer satisfaction.

In order to stand out from the crowd the Charity has listened carefully to its customers and their families and has formed new partnerships with community leisure providers, opening accessible routes for disabled people to take part in activities alongside their disabled and non-disabled peers. The Charity has a user group that ensures planned activities are user led and thus well received. The Charity is also mindful when planning activities to ensure they work equally well for parents, carers and loved ones offering them a short break in the knowledge that their loved one is safe and having fun alongside friends old and new.

This creative and imaginative approach ensures our Members can access a full and varied programme of community based leisure activities, ensuring their holistic health and wellbeing. Our focus on fun, friendship and safety, ensures that our user led activities are well received by participants and their families.

Docusign Envelope ID: CA6ECE8B-2C32-4307-AC8E-86D6B0589B81

INCLUSIVE LEISURE, EDUCATION, ACTIVITIES PROJECT

TRUSTEE’S REPORT (INCLUDING DIRECTORS’ REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2024

We used the positive energy earned from 2023 achievements and spring boarded into 2024 with enthusiasm and positivity. The national lottery grant has provided some breathing space from the anxiety that funding stringencies create and allowed us to focus on succession planning and improving our infrastructure, allowing us to sustain current projects and improve the safety for our stakeholders.

We have recruited three new Trustees all with a thorough understanding of our aims and objectives and our wider work. This will strengthen the board and provide the CEO with additional support.

Our membership hit our lottery target of 200 in August 2024 and our regular sessions are well attended and well received. We actively tried to increase opportunities for our younger potential members, and girls and ladies and our Project Co-ordinator has done a brilliant job offering new initiatives such as horse-riding, messy play, junior football, family fun swim, children’s play schemes etc. This approach helped us to attract new members from our younger age groups, which was important to us as our membership has moved from children to teens to adults over the years. We found that a stay and play model was better received by Parents and Carers and so our sessions for under 12’s now uses this approach and is working well. Having focused on our younger members we have a better understanding of the challenges they and their families face. These challenges of lack of diagnosis, lack of statutory support, lack of networks, financial stringencies and social isolation, anxiety and lack of confidence and low self-esteem all impact on the holistic health and wellbeing of our younger cohort.

Following the 30k of the free and subsidised activities we delivered 2024, we plan to continue to offer free and heavily subsidized sessions in 2025 to try and help families while they wait for emotional and financial support from a stretched social care system and the cost of living crisis.

Our teen and adult membership remains robust and we are pleased to now have 50/50 split of male and female members having worked hard to increase our female membership.

We endeavour to ensure continuity for our members and have a low staff turnover. We continue to pay above the real living wage and are finding ways to provide staff with additional benefits, in the future. Our staff team enjoy flexible working and are encouraged to input into their draft work schedules to ensure they provide a good work / life balance.

Docusign Envelope ID: CA6ECE8B-2C32-4307-AC8E-86D6B0589B81

INCLUSIVE LEISURE, EDUCATION, ACTIVITIES PROJECT

TRUSTEE’S REPORT (INCLUDING DIRECTORS’ REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2024

Feedback from our members remains a great way to understand the positive impact our work has on our members and their families. Some of are more recent anecdotal evidence, speaks volumes:

“ILEAP has made me much more independent.”

“I always feel safe leaving my daughter with you.”

“My brother has loved ILEAP from the very start. We thank all staff for the difference you make to his week.”

“I’m able to take part in normal activities.”

“Lovely activities with his peers. You know they are all well looked after as well.”

“ILEAP is the best thing that has happened for our family.”

“I’ve made more friends.”

“We would be absolutely lost without ILEAP. ILEAP gives us the support we need in the school holidays to provide fun and varied activities for our young people and this also helps the carers to do important jobs which are difficult to do when their person with a disability is present.”

“ILEAP activities make the world of difference to my son’s weekly routine and life. It has given him a friendship group for the first time and this is wonderful to see.”

“When making difficult decisions when education is finished, ILEAP provides options for giving well rounded selection of activities to choose from, giving our young people to be occupied, the ILEAP Staff are key to this enjoyment.”

Over the next 12 months we plan to roll out a tried and tested programme of more affordable communitybased leisure provision, trialling new, user led services, and continuously improving these services, based on stakeholder feedback.

We are proud of our achievements to date. We would like to thank our stakeholders for all their help and support over the past 12 months as we look forward to the fresh challenges that lie ahead.

Docusign Envelope ID: CA6ECE8B-2C32-4307-AC8E-86D6B0589B81

INCLUSIVE LEISURE, EDUCATION, ACTIVITIES PROJECT

TRUSTEE’S REPORT (INCLUDING DIRECTORS’ REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2024

Financial review

The Board of Trustees has examined the charity's requirements for reserves in the light of the main risks to the organisation and has developed a comprehensive reserve policy. Reserves are needed to bridge the gap when there are delays in funding and the Trustees feel that 8 to 12 months running costs are required in order to meet our commitments to our members.

As at the year end, the charity has unrestricted funds of £220,030 (2023: £232,110) and restricted funds of £28,750 (2023: £22,376).

Investment policy

Under the memorandum and articles of association, the charity has the power to make any investment that the trustees see fit.

Major risks

The trustees have assessed the major risks to which the charity is exposed and are satisfied that systems are in place to mitigate exposure to the major risks.

Docusign Envelope ID: CA6ECE8B-2C32-4307-AC8E-86D6B0589B81

INCLUSIVE LEISURE, EDUCATION, ACTIVITIES PROJECT

TRUSTEE’S REPORT (INCLUDING DIRECTORS’ REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2024

Structure, governance and management

The charity is a company limited by guarantee and a registered charity governed by its memorandum and articles of association.

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:

Mr. J Crossling (Retired 3 September 2024) Mr. R P Howdle Miss K Reid Mrs. P Wright Mr. J M D Taylor Mrs. E Bond Mrs. P Willson (Appointed 16 December 2024) Mr. B Kelly (Appointed 16 December 2024) Mrs. P King (Appointed 16 December 2024; Resigned 11 February 2025)

Recruitment and appointment of trustees

Trustees, who are also Directors of the Company, are elected at the Annual General Meeting, nominated by a member or co-opted by the Trustee board. A separate process as per the Memorandum and Articles of Association is followed by the Trustee Board for the election of the chair.

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

Organisational structure

A board of trustees, who meet quarterly, administers the Charity. A CEO is appointed by the trustees to manage the day-to-day operations of the charity. The current CEO is Peter Bazeley.

Relationship with related parties

The Charity has a close relationship with Stratford on Avon District Council, Warwick District Council, Warwickshire County Council, Voluntary Action Stratford on Avon District, Warwickshire Community and Voluntary Action, Warwickshire Young People First, additional Needs Schools in Warwickshire, Stratford Town Trust, Leisure and Recreation providers across South Warwickshire and beyond, all of which provide funding, advice and support.

The Trustees' report has been prepared having taken advantage of the small companies exemption in the Companies Act 2006.

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

[> by: Mrs P Wright Trustee

4/9/2025 Date:

Docusign Envelope ID: CA6ECE8B-2C32-4307-AC8E-86D6B0589B81

INCLUSIVE LEISURE, EDUCATION, ACTIVITIES PROJECT

INDEPENDENT EXAMINER’S REPORT

TO THE TRUSTEES OF INCLUSIVE LEISURE, EDUCATION ACTIVITES PROJECT

I report to the trustees on my examination of the financial statements of Inclusive Leisure, Education Activities Project (the charity) for the year ended 31 December 2024.

Responsibilities and basis of report

As the trustees of the charity (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 financial statements of the charity 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 financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable 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 Association of Accounting Technicians, 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 that in any material respect:

  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 financial statements to be reached.

(Ay29B6D5D7AC48462... Jack Harris ATT FMAAT Welf Accountants Limited Pure Offices Wilton Drive Warwick Warwickshire CV34 6RG

Dated: 4/14/2025

Docusign Envelope ID: CA6ECE8B-2C32-4307-AC8E-86D6B0589B81

INCLUSIVE LEISURE, EDUCATION, ACTIVITIES PROJECT

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME & EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 2024

Unrestric- Restricted Unrestric- Restricted
ted funds funds Total ted funds funds Total
2024 2024 2024 2023 2023 2023
Notes £ £ £ £ £ £
Income from:
Donations and
legacies 2 3,698 - 3,698 6,507 11,757 18,264
Charitable activities 3 224,616 98,561 323,177 202,392 116,113 318,505
Investments 4 5,861 - 5,861 5,754 - 5,754
––––––– ––––––– ––––––– ––––––– ––––––– –––––––
Total income 234,175 98,561 332,736 214,653 127,870 342,523
––––––– ––––––– ––––––– ––––––– ––––––– –––––––
Charitable activities 5 251,668 92,187 343,855 207,262 117,088 324,350
Other expenditure 9 107 - 107 136 - 136
––––––– ––––––– ––––––– ––––––– ––––––– –––––––
Total expenditure 251,775 92,187 343,962 207,398 117,088 324,486
––––––– ––––––– ––––––– ––––––– ––––––– –––––––
Net gains / (losses)
on investments 10 5,520 - 5,520 18,263 - 18,263
––––––– ––––––– ––––––– ––––––– ––––––– –––––––
Net income /
(expenditure) and
movement in funds (12,080) 6,374 (5,706) 25,518 10,782 36,300
Reconciliation of
funds:
Fund balances as at
1 January 2024 232,110 22,376 254,486 206,592 11,594 218,186
––––––– ––––––– ––––––– ––––––– ––––––– –––––––
Fund balances as at
31 December 2024 220,030 28,750 248,780 232,110 22,376 254,486

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

Docusign Envelope ID: CA6ECE8B-2C32-4307-AC8E-86D6B0589B81

INCLUSIVE LEISURE, EDUCATION, ACTIVITIES PROJECT

BALANCE SHEET

AS AT ENDED 31 DECEMBER 2024

2024
Notes
£
Fixed assets
Investments
12
Current assets
Debtors
13
3,548
Cash at bank and in hand
70,003
–––––––
73,551
Creditors: amounts falling due within one
year
14
31,435
–––––––
Net current assets
Total assets less current liabilities
The funds of the charity
Restricted income funds
Unrestricted funds		 2023
£
£
206,664
4,305
74,156
–––––––
78,461
25,119
–––––––
42,116
–––––––
248,780
28,750
220,030
–––––––
248,780		 £
201,144
53,342
–––––––
254,486
22,376
232,110
–––––––
254,486

Docusign Envelope ID: CA6ECE8B-2C32-4307-AC8E-86D6B0589B81

INCLUSIVE LEISURE, EDUCATION, ACTIVITIES PROJECT

BALANCE SHEET (CONTINUED)

AS AT ENDED 31 DECEMBER 2024

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 December 2024.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

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

4/9/2025 The financial statements were approved by the trustees on:

Mrs P Wright Trustee

Company registration number 04189331 (England and Wales)

Docusign Envelope ID: CA6ECE8B-2C32-4307-AC8E-86D6B0589B81

INCLUSIVE LEISURE, EDUCATION, ACTIVITIES PROJECT

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1. Accounting policies

Charity information

Inclusive Leisure, Education Activities Project is a private company limited by guarantee incorporated in England and Wales. The registered office is Elizabeth House, Church Street, Stratford upon Avon, Warwickshire, CV37 6HX.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's memorandum and articles of association, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.

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

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of fixed asset investments at fair value. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

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

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

1.4 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Voluntary income and donations are included in incoming resources when they are receivable, except when the donors specify that they must be used in future accounting periods or donors conditions have not been fulfilled, then the income is deferred.

The income from fundraising ventures is shown gross, with the associated costs included in fundraising costs.

Docusign Envelope ID: CA6ECE8B-2C32-4307-AC8E-86D6B0589B81

INCLUSIVE LEISURE, EDUCATION, ACTIVITIES PROJECT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2024

1. Accounting policies

(Continued)

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset's use.

Resources expended are included in the Statement of financial Activities on an accruals basis, inclusive of any VAT which cannot be recovered.

Expenditure which is directly attributable to specific activities has been included in those cost categories. where costs are attributable to more than one activity, they have been apportioned across the cost categories on a basis consistent with the use of these resources.

1.6 Fixed asset investments

Fixed asset investments are initially measured at transaction price excluding transaction costs and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.

1.7 Cash and cash equivalents

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

Docusign Envelope ID: CA6ECE8B-2C32-4307-AC8E-86D6B0589B81

INCLUSIVE LEISURE, EDUCATION, ACTIVITIES PROJECT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2024

1. Accounting policies

(Continued)

1.8 Financial instruments

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

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

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

Basic financial assets

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

Basic financial liabilities

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

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

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

Derecognition of financial liabilities

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

1.9 Employee benefits

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

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

1.10 Retirement benefits

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

Docusign Envelope ID: CA6ECE8B-2C32-4307-AC8E-86D6B0589B81

INCLUSIVE LEISURE, EDUCATION, ACTIVITIES PROJECT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2024

2. Income from donations and legacies

Unrestric-
ted funds
Restricted
funds
2024
2024
£
£
Donations and gifts
3,605
-
Other
93
-
–––––––
–––––––
3,698
-
3. Charitable activities
Client income and donations
Grants
Analysis by fund
Unrestricted funds
Restricted funds		 Total
Unrestric-
ted funds
Restricted
funds
2024
2023
2023
£
£
£
3,605
3,960
11,757
93
2,547
-
–––––––
–––––––
–––––––
3,698
6,507
11,757
2024
£
224,616
98,561
–––––––
323,177
224,616
98,561
–––––––
323,177		 Total
2023
£
15,717
2,547
–––––––
18,264
2023
£
202,392
116,113
–––––––
318,505
202,392
116,113
–––––––
318,505

Docusign Envelope ID: CA6ECE8B-2C32-4307-AC8E-86D6B0589B81

INCLUSIVE LEISURE, EDUCATION, ACTIVITIES PROJECT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2024

4. Investments
Unrestric- Unrestric-
ted funds ted funds
2024 2023
£ £
Dividend Income 5,861 5,754

Docusign Envelope ID: CA6ECE8B-2C32-4307-AC8E-86D6B0589B81

INCLUSIVE LEISURE, EDUCATION, ACTIVITIES PROJECT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2024

5. Charitable activities

Staff Costs
Publicity
Venue Hire
Uniform
Professional Fees
Insurance
Consumables
Equipment
Specialist Staff
Transport
Quality and compliance
Subscription fees
Share of support costs (see note 6)
Share of governance costs (see note 6)
Analysis by fund
Unrestricted funds
Restricted funds		 2024
£
141,073
246
57,341
52
7,473
1,537
1,445
2,794
9,719
11,741
2,332
962
–––––––
236,715
105,340
1,800
–––––––
343,855
251,668
92,187
–––––––
343,855		 2023
£
154,072
109
67,285
11
5,538
1,298
1,141
4,052
13,938
7,326
2,330
1,147
–––––––
258,247
64,504
1,599
–––––––
324,350
207,262
117,088
–––––––
324,350

Docusign Envelope ID: CA6ECE8B-2C32-4307-AC8E-86D6B0589B81

INCLUSIVE LEISURE, EDUCATION, ACTIVITIES PROJECT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2024

6. Support and Governance costs

Staff costs
Miscellaneous
Communications and IT
Stationery
Payroll support service
HR support service
Independent exam fees
Analysed between
Charitable activities		 Support
costs
Governa-
nce costs
2024
2024
£
£
95,075
-
2,920
-
881
-
556
-
408
-
5,500
-
-
1,800
–––––––
–––––––
105,340
1,800
105,340
1,800		 Total
2024
£
95,075
2,920
881
556
408
5,500
1,800
–––––––
107,140
107,140		 Support
costs
Governa-
nce costs
2023
2023
£
£
56,268
-
1,039
-
1,355
-
1,208
-
1,768
-
2,866
-
-
1,599
–––––––
–––––––
64,504
1,599
64,504
1,599		 Total
2023
£
56,268
1,039
1,355
1,208
1,768
2,866
1,599
–––––––
66,103
66,103

7. Trustees

None of the trustees received any remuneration or benefits from the charity during the year.

A former paid employee was appointed as a trustee during the year. No remuneration or benefits were received by the trustee post the appointment.

Docusign Envelope ID: CA6ECE8B-2C32-4307-AC8E-86D6B0589B81

INCLUSIVE LEISURE, EDUCATION, ACTIVITIES PROJECT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2024

8. Employees

The head count number of employees during the year was:

Project manager
Project youth workers and support staff
Total
Employment costs
Wages and salaries
Social security costs
Other pension costs		 2024
Number
1
20
–––––––
21
2024
£
218,721
5,456
11,971
–––––––
236,148		 2023
Number
1
20
–––––––
21
2023
£
193,283
6,377
9,349
–––––––
210,340

Total key management personnel remuneration and benefits amounted to £71,605 (2023: £63,198).

The number of employees whose annual remuneration was £60,000 or more were:

2024 2023
Number Number
£60,000 - £70,000 1 1

Docusign Envelope ID: CA6ECE8B-2C32-4307-AC8E-86D6B0589B81

INCLUSIVE LEISURE, EDUCATION, ACTIVITIES PROJECT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2024

9. Other

Unrestric- Unrestric-
ted funds ted funds
2024 2023
£ £
Financing costs 107 136
10. Net gains / (losses) on investments
Unrestric- Unrestric-
ted funds ted funds
2024 2023
£ £
Revaluations of investments 5,520 18,263

11. Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

Docusign Envelope ID: CA6ECE8B-2C32-4307-AC8E-86D6B0589B81

INCLUSIVE LEISURE, EDUCATION, ACTIVITIES PROJECT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2024

12. Fixed assets investments

Unlisted
Investments
2024
£
Cost or valuation
At 1 January 2024 201,144
Valuation changes 5,520
–––––––
At 31 December 2024 206,664
–––––––
Carrying amount
At 31 December 2024 206,664
At 31 December 2023 201,144

13. Debtors

Amounts falling due within one year:
Other debtors
Prepayments and accrued income
14. Creditors: amounts falling due within one year
Other creditors and accruals		 2024
£
1,913
1,635
–––––––
3,548
2024
£
31,435		 2023
£
1,913
2,392
–––––––
4,305
2023
£
25,119

Docusign Envelope ID: CA6ECE8B-2C32-4307-AC8E-86D6B0589B81

INCLUSIVE LEISURE, EDUCATION, ACTIVITIES PROJECT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2024

15. Restricted funds

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

Movement in funds Movement in funds
Balance at
Balance at Incoming Resources Balance at Incoming Resources 31 Dec
1 Jan 2023 resources expended 1 Jan 2024 resources expended 2024
£ £ £ £ £ £ £
Action Unlimited Trust 1,132 - (1,132) - - - -
National Lottery – Awards for All 4,962 - (4,962) - 20,000 (10,000) 10,000
Boshier-Hinton Foundation - 1,958 (1,958) - - - -
WCCCAVA - 3,000 (3,000) - - - -
The Hedley Foundation - 3,000 (3,000) - - - -
BBC Children in Need – Community Short
Breaks - 28,613 (28,613) - - - -
WPH Charitable Trust 5,000 - (5,000) - - - -
Sported Foundation 500 - - 500 - (500) -
Warwick District Council – Kurling - 500 (500) - - - -
Think Active - Football - 3,299 (3,299) - - - -
WPH Charitable Trust - - - - 2,500 (2,500) -
Alcester Town Council - - - - 1,061 (1,061) -
National Lottery – RC Midlands Region - 87,500 (65,624) 21,876 75,000 (78,126) 18,750
––––––– ––––––– ––––––– ––––––– ––––––– ––––––– –––––––
11,594 127,870 (117,088) 22,376 98,561 (92,187) 28,750
––––––– ––––––– ––––––– ––––––– ––––––– ––––––– –––––––

Docusign Envelope ID: CA6ECE8B-2C32-4307-AC8E-86D6B0589B81

INCLUSIVE LEISURE, EDUCATION, ACTIVITIES PROJECT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2024

15. Restricted funds

(Continued)

National Lottery: This Awards for All grant, received in February 2024, was utilised quickly and approximately half the grant was spent on sessional costs in 2024, and the rest will be spent in 2025.

National Lottery Community Fund: RC Midlands Region

ILEAP Charity were awarded a 3-year grant from the National Lottery Community Fund, Reaching Communities programme in April 2023. The grant of £225,000 will be received in 6 instalments, on the following dates, subject to ILEAP meeting all the terms and conditions of the grant:

02.04.2023 - £43,750.00 02.10.2023 - £43,750.00

02.04.2024 - £37,500.00 02.10.2024 - £37,500.00

02.04.2025 - £31,250.00 02.10.2025 - £31,250.00

This grant aims to provide the financial breathing space for ILEAP, while their vulnerable members recover from the pandemic and regain their confidence and begin taking the small steps back into their communities of place and interest.

WPH Charitable Trust: This grant of £2,500 was received in February 2024. It was fully utilized and spent within 2024.

Alcester Town Council: This grant of £1,061 was received in May 2024. It was awarded for a holiday place scheme for childcare settings in the town of Alcester. It was fully utilized and spent within 2024.

Docusign Envelope ID: CA6ECE8B-2C32-4307-AC8E-86D6B0589B81

INCLUSIVE LEISURE, EDUCATION, ACTIVITIES PROJECT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2024

16. Analysis of net assets between funds

Unrestric-
ted funds
Restricted
funds
2024
2024
£
£
Fund balances at 31 December 2024 are represented by
Investments
206,664
-
Current assets / (Liabilities)
13,366
28,750
–––––––
–––––––
220,030
28,750
Unrestric-
ted funds
Restricted
funds
2023
2023
£
£
Fund balances at 31 December 2023 are represented by
Investments
201,144
-
Current assets / (Liabilities)
30,966
22,376
–––––––
–––––––
232,110
22,376		 Total
2024
£
206,664
42,116
–––––––
248,780
Total
2023
£
201,144
53,342
–––––––
254,486

17. Related party transactions

During the year CEO Peter Bazeley's spouse received £16,248 (2023: £13,127) and his daughter received £3,401 (2023: £4,870) in remuneration for their work as support friends.

During the year Trustee Richard Howdle's daughter received £6,316 (2023: £6,721) in remuneration for their work as a support friend.

During the year Trustee Joseph Taylor's spouse received £6,241 (2023: £7,067) in remuneration for their work as a support friend.