Charity registration number 1105502
Company registration number 03534603 (England and Wales)
THE CONSORTIUM OF LESBIAN, GAY, BISEXUALAND TRANSGENDER
VOLUNTARY & COMMUNITY ORGANISATIONS
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

THE CONSORTIUM OF LESBIAN, GAY, BISEXUALAND TRANSGENDER
VOLUNTARY & COMMUNITY ORGANISATIONS
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Y Mislry (Chair of Trustees)
R J Chace {Treasurerl
A, Ceccarelli
{Appointed 16 September
20241
E J Macaulay
C Pethick
(Appoinled 16 September
2024}
l L Candan
H Pittman
Secretary
P Roberts (CEO)
Charity number
1105502
Company number
03534603
Registered office
Zone 5
Wrentham Business Parf(
Exeter
Devon
Uniled Kingdom
EX4 6NA
Auditor
Price Bailey LLP
36 Tyndall Court
Commerce Road
Lynchwood
Pelerborough
PE2 6LR

THE CONSORTIUM OF LESBIAN, GAY, BISEXUALAND TRANSGENDER
VOLUNTARY & COMMUNITY ORGANISATIONS
CONTENTS
Page
Trustees, report
Slalement of trustees, responsibilities
10
Independent auditor's report
11- 13
Stalement of financial activities
14
Balance sheet
15
Statement of cash flows
16
Notes lo the financial statements
17-31

THE CONSORTIUM OF LESBIAN, GAY, BISEXUALAND TRANSGENDER
VOLUNTARY & COMMUNITY ORGANISATIONS
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 MARCH 2025
The trustees present their annual report and financial statements for Ihe year ended 31 March 2025.
Chair's Introduction
When I look back over Ihis past year, the first thing that comes to mind is gratitude. Consortium has such an
incredible team, and so much of their work happens quietly in the background. It's the kind of work most people
never see, yel il keeps everything moving and makes the difference for our members. A special thank you to Paul
for his leadership and lo the whole team for the way you've navigated such difficuli times with such heart.
This year has also brought deep challenges, particulady for our trans and non-binary siblings, following in the wake
of the Supreme Court ruling. It has shaken many of us deeply. Anger in moments like this is natural and justified.
Bul l also know thal when we live only in that place of anger, il can drain us. Resilience has to come from within,
and part of our journey is learning how to channel Ihal energy into action and into connection with each other.
I want to express my gratitude to my fellow Board members. We are all volunteers, juggling full lives, yet you still
give your time, your energy and your wisdom to this work. That generosity is inspiring. Challenge isn't easy, but I
know from my coaching work that growth so often comes from those moments. The key is having the right mindset,
choosing to fight the right fight but also remembering to look afler ourselves along the way.
More than anything. this year has reminded me how vital it is that we keep showing up for each other. That is what
Consortium is all aboul. We are a membership organisation al heart, and that means our strength lies in the ways
we support, uplift and connect with one another.
I'm proud to serve as Chair, and I feel lucky to be part of a communily that continues lo find hope, courage and
strength even in the toughest of times. Thank you for all you do to keep us moving forward together.
Yatin Mistry- Chair of Trustees
Chief Executive's Introduction
Whilst this report focusses on a period before the Supreme Court ruled on the For Women Scotland case, il has
created such upheaval for the LGB T+ sector {and beyond), that it would be remiss lo bypass it. Having worked in
the LGBT+ voluntary seclor for nearly 25 years this presents a fundamental shift in rights for some of the mosl
marginalised parts of the communities we serve. It will also serve as a stark reminder to everyone working towards
a society based on human rights through an inclusive lens that rights hard fought for are never guaranteed forever.
This is where the power of communilies coming together is such a powerful force in combatting exclusion and
hatred, and one that we will look to lean heavily in on over the coming years.
One of the things I love and value most of all across our communities is the diversity and intersectionality of the
LGBT+ seclor. Our members work across infinite areas of the LGBT+ spectrum but what is noticeable in the last
year is the togetherness and allyship that prevails. When one of us is attacked, we stand together, we support, we
defend and come together to act in solidarity. We must never under-estimate how much work this takes to achieve.
Our members exist to serve their own setvice users, and are heavily reliant on volunteer time to achieve this. Any
additional work to build allyships, to strategise and lo plan together is lime consuming and adds additional slrain for
communities working across issues they too likely have lived experience of. I want to thank everyone who leads,
who volunteers, and who supports our member organisations. Your work is incredible and despite the changing
nalure of all our work, seeing our membership continue to grow sleadily gives me strength that our collective
resolve is stronger than ever.
As we move into our new strategic period, we have listened carefully lo the needs of our membership and I hope we
can conlinue to support and grow so our LGB T+ sector remains well resourced, resilient and sustainable.
Paul Roberts, Chief Executive Officer

THE CONSORTIUM OF LESBIAN, GAY, BISEXUALAND TRANSGENDER
VOLUNTARY & COMMUNITY ORGANISATIONS
TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Introduction
Thi5 report reflects Consortium's financial year 1 st April 2024 - 31 st March 2025. and represents Ihe penultimate
year of our current strategic period. As ever, with annual reports facing a lime delay in being produced alongside the
annual accounts, lime moves quickly and Consortium's work continues.
At the point of publishing this report lo align with our AGM we will be closing off this strategic period and seekin9
member ratification of our new strategy. Therefore, parallel to this report, we will produce an additional member
briefing which reflects a review of the 2020-2025 strategy and reports back on our achievements.
Our three strategic pillars continue to reflect practical needs of our sector during these challenging limes. We
remain grateful for the incredible work our members do each and every day. They are the backbone of our sector,
and il is exciting lo see the diversity and intersectionality of the sector continuing to grow, and new members join the
Consortium family. As we move into a new slrale9i¢ period, whilst our strategic framework will change, the crux of
whal we do will not. Consortium will remain focused on supporting those parts of our communities most in need and
under-resourced so they can flourish and support LGBT+ year for generations to come.
This year has seen several Consortium staff members leave for new adventures, and incredible new talent join us.
We have also seen 1 trustee resign from post and 2 new trustees join in late 2024. We would like lo thank all those
who have given their energy and expertise to Consortium's work and wish them well with Ihose new adventures,
and warmly welcome those joining us at a Critical time for LGB T+ communities.
Slats for the year..
15 Members of staff
9 Trustees
702 member organisations
Com
liance with re
uirements
The financial slalemenls have been prepared in accordance with the accounting policies set out in note 1 to the
financial slalemenls and comply with the charity's governing document, the Companies Act 2006 and "Accounting
and Reporting by Charities.. Slalemenl of Recommended Practice applicable lo charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102)"
(effective 1 January 20191.
Objectives and activities
The principal objectives for which the charitable company was formed are, by charitable means, lo help develop and
maximise the effectiveness of voluntary organisalions run by and for lesbians, gay men, bisexual, and transgender
people, and lo promote good practice within Member organisations.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the
charity should undertake.
Grant Giving Activity
In collaboration with our members, the Trustees amended the Articles for the Charitable Company in 2024 to
explicitly include the power to award grants. This enables the Board to further contribute lo the aims and objectives
of the organisation in supporting the most vulnerable, and under resourced parts of the LGBT+ voluntary and
community sectors through our participatory grant giving. This work also enhances the support the organisalion is
able to deliver through its infrastruclure capacity building work.
During this reporting period the Board are delighted lo report grant giving activity increased year on year with over
£500k of grants being awarded-and further awards to be rnade in the following period thanks lo new partnerships.

THE CONSORTIUM OF LESBIAN, GAY, BISEXUALAND TRANSGENDER
VOLUNTARY & COMMUNITY ORGANISATIONS
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Achievements and performance
Resourced LGBT+ Or
anisations
This reporting period has seen a number of funders reviewing their own strategies and approaches, resulting in an
ever increasing need for Consortium to articulate the importance of adequate resourcing for LGBT+ organisalions,
whatever their size, geographical coverage, intersectional focus or specialism of their work. This has become
particulady prevalent given Ihe increasingly hostile environment across part of our communities. To ensure we have
the evidence to back up our arguments, Consortium commissioned research into the funding of Ihe LGBT+ sector,
which we published in early 2025. The headline statistic of 1 Op in every £100 going to voluntary causes goes into
LGBT+ issues has resonated well and we have used this to establish both new grants schemes and additional
wraparound support.
Having adequale staffing capacity lo support the resource needs of our seclor remains a delicate balancing act. We
have seen our membership continue lo grow and whilst the number of Consortium staff has remained static, we
have been able to increase the FTE equivalent by nearly 2 resulting in additional hours lo engage with our members
and grantees.
What Next?
As we see funders tighten their criteria, and the environment become ever more hostile, this presents multiple
challenges. Sustaining our own core staff team will be a priority for the remainder of this strategic period, and
planning into the next. We hear from members and grantees every day on their own stretched capacity and how our
informalion and support helps to ease some of Ihal pressure. Running alongside this we will use strategic staff
capacity to build relationships with new funding partners, offering up our unique expertise in accessing LGBT+
organisations, particularly those working across intersectional issues, so financial resource available can increase.
We enlered inlo the new financial year with a couple of exciting prospects on the radar, one of which is now live as
we publish this report Ihrough our Youth Advocacy Fund thanks to the relationship with Henry Smith Foundation.
78°/o of new members are non fee payment (income below £10k)
We ended the year with 703 member organisations
98 new members joined Consortium, a 150/0 increase year on year, and 30°/o over last 2 years
192 member job and volunteer opportunities promoted
Secured 2 new onward grant programmes, lotalling over £500k
Funding Development:
Following the success of our Funders Fair during 2024, the team have continued to grow connections wilh a range
of funders and have run virtual and in-person funding events, resulting in greater connections between sector orgs
and key funders. Running alongside this, we have continued to distribute a regular funding newsletter, nol only an
opportunity lo showcase our own opportunities, but highlight LGBT+ inclusive programmes.
We have also used dedicated staff capacity within our Giving Team lo develop new partnerships with funders like
Henry Smith for our Youth Advocacy Fund, and expand existing relationships with partners including Global
Butterflies Fund and Giveout to enhance opportunities for Irans and non-binary organisations and organisations
based in Ihe Devolved Nations.
We have focused capacity in this area on two parallel areas.. amplifying and support member campaigns and
activity., and establishing bespoke funding for our LGBT+ Fund.
On mernber focused activity, we recognise the privileged position Consortium operates in, wilh access to the largest
membership of LGBT+ organisations in the country and our routes in to engage and influence wilh stakeholders
from funders lo Government departments. Through our social media platforms, with extensive reach and following,
we have profiled member and grantee activity through targeted points like LG8T+ or Black History Months and
Visibility Days.

THE CONSORTIUM OF LESBIAN, GAY, BISEXUAL AND TRANSGENDER
VOLUNTARY & COMMUNITY ORGANISATIONS
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Proactive Messaging:
As we grow our role as a specialist funder, an area which will become more embedded in our future strategic vision,
we have rolled our bespoke branding so we can market and communicate the unique opportunities Consortium
brings to drive resource lo LGBT+ organisalions. Having already dislribuled nearly £3m of grants over 5 years, we
are excited to be workin9 on new programmes for funding and development work to diversify Ihe range of funding
sources we can access, including individual donors and corporates.
Resilient LGBT+ Or
anisations
Remaining agile as the membership body was critical to the framing of our current strategic plan, bul no one
envisaged just how quickly some of Ihe regressive change for the most vulnerable parts of our communities would
become. The framing of our narrative was one emerging out of the pandemic bul our ambition to drive connections
and intersectionality across our membership has pul Consortium in a strong position.
A critical mechanism for maintaining resilience is Consortium's central role bringing a diverse and intersectional
range of LGBT+ organisalions together at the right time, giving space for discussion and action plannin9. Our
specialist networks continue to grow and this year has seen some adapting to make them more effective 8nd peer
supportive. Wellbeing of staff, volunteers and service users has become more prominent as the social and political
environment has changed around us and members have told us the importance of being able to access these
dedicated spaces.
Leadership is another core focus for our resilience pillar and this year has seen the developmenl of an exciting
opportunity lo bring together leaders from some of the most under-resourced and intersectional organisations to
pilot a new programme that puls wellbeing and community-centred leadership at its heart to develop their own
leadership journeys and be the future of a resilient LGB T+ sector
What Next?
We still have a long way lo go in how we use data and insight across the LGBT+ sector to impact systems change,
with a revolving door of firefighling driving resilience activity in the short term. As we look lo embed a new strategic
drive, we have already identified data and insight as critical functions for future success and in the Sasl year we have
begun leaning into the rich data Consortium has access to, with publications like our LGB T+ Fund report.
Networks:
Members and grantees alike tell our team they want and need space lo convene, discuss, support and plan action.
Our specialist networks have been particularly important in the last year, at a lime when division is being sown to
drive us apart. We have listened lo the needs of our members and supported sessions, including around wellbeing,
campaign planning, develop training, and considering the legal positioning of the seclor, lo maintain and protect
sector resilience.
We have used this year to adapt our approach lo some of our networks, recognising the growing need for a range of
leaders to access key information at a time when things are changing al pace. We have opened our Leaders
Network beyond simply the Chief Executive lor equivalent role in a member org) to other senior leadership team
members, which has resulted in new connections being made and greater cross-sector discussions. Running
parallel lo this we have also implemented a new Chief Executives Peer Network, maintaining some dedicated space
for paid CEOS to discuss key issues pertinent to their roles including staff retention, wellbeing, developing policy
and protecting their own resilience.
Informed Insight:
We have driven a dual focus on data and insight in the last year, responding to the barrage of change across our
communities, particularly for trans and non binary organisations. Numerous consullalions and calls for evidence
have emerged, with many frontline organisations having limited capacity lo engage. To ensure strong community
voices, we have used team capacity lo gather community insight and provide a central response across a range of
consultations including on issues around health, legal concerns and political change. Member response to this
approach has been positive and allowed some orgs lo stay focused on their frontline work whilsl also having a voice
in important consultations. This approach has also been particularly helpful in providing an over-arching and
coordinated lens when engaging with the new Government in Weslminster.

THE CONSORTIUM OF LESBIAN, GAY, BISEXUAL AND TRANSGENDER
VOLUNTARY & COMMUNITY ORGANISATIONS
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Running parallel to Ihis has been our work lo increase the evidence base on which we can work from lo argue for
change. Whilst this remains one of the most capacity limited areas of Consortium's work, this year has seen the
publication of key documents including our independenlly facilitated LGBT+ Fund report providing key data on
funding sources across LGBT+ organisations.
The team have also increased the number of member driven roundlables. bringing together cohorts of organisalions
on particular issues including disability, global majority communities, and older people. Information and data
gathered has directly informed our operational plans for the future.
Sustainable LGBT+ Or
anisations
Long term suslainabilily of the LGBT+ sector has fell somewhat challenging lo think about over the course of this
year, al a lime when our communities face capacity draining challenges in the here and now. However, Consortium
has continued lo drive activity which looks at the longer term focus, without delracling from the immediate needs.
This has included extensive work around the future of sustainable funding for LGBT+ organisalions, working wilh
funders lo belter understand our communities needs and offering them tools to engage and support.
We have seen our membership continue to grow al pace, with a 150/0 increase year on year.
What Next?
As we articulated last year, Consortium's ongoing development as a specialist funder is critical to both our own
success but we believe the success of the sector. Our evaluation has shown we are accessing organisations other
funders aren't, it has diversified and increased our membership, and il has given access lo a wider pool of data and
evidence lo pul fonmard strong business cases for further LGBT+ support. We will drive action through a new
LGBT+ Fund website and create a suite a marketing tools lo engage with new funding opportunities lo build an
individual donor base and sel fundraising challenges.
Our Fund work has shown how important a participalive approach is for driving resource to where it's most needed.
We aim to be member-led through our work as the umbrella body, bul recognise there are new mechanisms to draw
upon that learn from our funding model. As we move towards our new strategic period, we will start to explore this
further and pul a framework in place for participative processes lo drive all our work.
New Funding:
This reporting period represented the busiest period Consortium has seen with its specialist funding work, having
distributed funds under 5 programmes and over 100 grants awarded. We remain grateful lo our funding partners at
The National Lollery Community Fund, and our strengthening partnership with Giveoul and the Global Butterflies
Fund.
We are well underway with our strategic LGBT+ Fund developmenl work and have a developing pipeline of funds
for LGBT+ organisations thanks to partnerships with organisalions such as Henry Smith Foundation.

THE CONSORTIUM OF LESBIAN, GAY, BISEXUALAND TRANSGENDER
VOLUNTARY & COMMUNITY ORGANISATIONS
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Sector Development:
In order lo create a sustainable future for our LGBT+ seclor it is important we understsnd the spheres of influence
we individually and collectively had. We are working with our evaluation consultants Civil Sociely Consulting lo
develop our Systems Change Evaluation Model, which looks into the ecosyslem of the LGBT+ sector, with the
direct and indirect impacts that Consortium has on the systems we look lo effect change across. This emerging
model will shape how we articulate future sector development and will publish this model during the second half of
2025.
Partnerships:
Consortium is engaged wilh a larger number of partnerships, both formal and informal, than ever before. We have
been engaged with the Supportive Schools Campaign with a coordination support role, facilitated the London
Queers Housing Collective, supported both LGBT+ HERO and the Electoral Commission with democratic
engagement and voter registration, and partnered with media company QueerAF on Three Queer Cheers- weekly
online positive news stories from Consortium members to help spread joy and optimism.
Our strategic partnerships with ally organisations including Amnesty Inlernation, Liberty, and other equity and justice
organisations has flourished, as a result of the need to respond to the Supreme Court judgment.
Our Funders and Partners
Without the support of our wonderful funders, donors and supporters, we wouldn't be able lo continue our vital work
lo serve LGBT+ voluntary and community organisalions. We remain grateful for their investment in our work, and
the partnership we can develop.
These have included..
The National Lottery Community Fund
Esmee Fairbairn Foundation
Global Bullerfies
Giveout
City Bridge Foundation
Henry Smith Foundation
TRANSforming Futures
London Funders
VCSE Health and Wellbeing Alliance
Financial Review
Consortium's role as a grant giver continues to grow, creating Ihe potential for anomalies in the turnover of the
organisation. This is evident in this financial year with a spike of turnover compared to the last financial year, and
Ihal of the previous one too. We continue lo pursue opportunities which will not only create a more stable turnover
for Consortium. but provide a conlinuous pipeline for funding opportunities for the LGB T+ sector. As per previous
years, Consortium's core operating costs have remained relatively stable, with slight increases for a larger Giving
Team, but core operating costs are circa £500k per annum, mainly represented by slaffing costs.
The charity recorded an overall deficit of £41,923 for the year lin 2024 the deficit recorded was £44,399). A deficit of
£34,380 was recorded lor unrestricted funds lin 2024 the deficit recorded was £49,404). This was represented by
the Board's strategic decision to continue bringing Consortium's reserves to ils policy level as detailed ahead,
following a large and unsustainable increase during the Covid years.
The charity had reserves lo carry fonmard as al 31 March 2025 lotaling £265,477, of which £97,126 represented
unreslricled funds. Acting as an onward grant giver, Consortium dislributed £563,796 (circa 48 /ol of ils turnover as
grants to LGBT+ organisations.

THE CONSORTIUM OF LESBIAN, GAY, BISEXUALAND TRANSGENDER
VOLUNTARY & COMMUNITY ORGANISATIONS
TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Reserves Polic
The Board of Trustees have formally agreed the reserves built up by the organisation can be used lo help the
development of the organisation. Given our work lo reduce all possible costs for the organisalion through remaining
officeless, the Board have ring-fenced the equivalent of four monlhs, core overheads lo facilitate an orderly winding
up of the organisalion in the event of no significant incorlle generation. These funds are deposited in a separate
bank account and amount to £93,153. The Board's risk strategy has created a system which enables Consortium's
core work to remain lean and able to continue under a range of fulure circumstances.
Strate
ic Plannin
Consortium is al the end of its current strategic planning period and has reported annually lo the membership on
progress. This current period has been one navigating the end of a global pandemic, political divisions widening, a
cost of living crisis, and ever shrinking funding resources. Despite this, Consortium has driven a strong programme
of activity across our central pillars of ihe strategy.. Resourced, Resilient and Sustainable LGBT+ organisalions.
2025 has seen work lo build the next iteration of our slrategic vision, which will be submitted to our membership for
ratification al the January 2026 AGM. Emerging themes including community advocacy, 51ralegic policy and comms
coordination and growing giving will drive the framing of this strategic vision.
Structure, governance and management
Governin
Document
The Consortium of Lesbian, Gay, Bisexual and Transgender Voluntary & Community Organisations is a company
limited by guarantee and a registered charity wilh the Charity Commission. It was incorporaled on 25th March 1998
and registered as a charity on 17th August 2004. The charity changed ils name from the Consortium of Lesbian,
Gay and Bisexual Voluntary and Community Organisations lo the Consortium of Lesbian, Gay, Bisexual and
Transgender Voluntary and Community Organisations on 29th April 2006. The organisation was established under a
Memorandum of Association, which sels out ils objects and powers and is governed under its Articles of
Association. The Memorandum and Articles ofAssocialion were updated on 3rd November 2012 to include a clause
that 50°/0 of Directors must be LGB or Trans, wilh a further update in November 2017 allowing for a discretionary
third lerm for Trustees. An additional update was made during the global pandemic in 2020 in order to hold
governance meetings digitally.
The latest update was made in January 2024 to align the governing document with up-lo-date legislation and add
the explicit power lo make grants. The working name of the organisalion is Consortium.
The Iruslees, who are also the directors for the purpose of company law, and who served during the year and up lo
Ihe date of signature of the financial statements were..
Y Mislry (Chair of Truslees}
R J Chace {Treasurerl
A, Ceccarelli
E J Macaulay
C Pethick
l L Candan
H Pittman
P, Cherednychenko
E,S McDermoti
L,D Stafford
(Appointed 16 September 20241
(Appointed 16 September 20241
(Resigned 13 October 2025)
(Resigned 11 April 2024)
{Resigned 28 April 20251

THE CONSORTIUM OF LESBIAN, GAY, BISEXUALAND TRANSGENDER
VOLUNTARY & COMMUNITY ORGANISATIONS
TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
ointment of Trustee Directors
A Board of Trustee Directors manage the company, all of whom are unpaid. The Board musl have a minimum of
three and a maximum of nine Members at any lime, with 50 ID of the Board coming from Member organisalions. The
existing Board has the power to appoint new Members lo fill casual vacancies as and when required. Board
Members are elected for a term of three years with the option of standing for a second term of three years. Under
exceptional circumstance a Board Member can be appointed for a third lerm, al the discretion of Members al an
AGM. New appointees will be ratified at the following AGM by the Members. The Board undertakes open
recruitment of new appointments. based on required skills and governance requirements.
Trustee induction and trainin
All polenlial new Board Members are required to complete an application form and skills audit outlining their
experience and skills as part of an open process, involving an interview with a recruilmenl working group formed of
current Trustees and from the Senior Leadership Team.
Following successful appointments, all new Board Members receive informalion whi¢h outline the hislory, structure,
roles, finance etc. of Consortium and outlines the roles and responsibilities of the Trustees Ihemselves.
All new Board Members are then provided with an opportunity to liaise with current slaff lo get to know operational
areas in which they may be able to provide specialist advice, support, and guidance.
Consortium sets aside a small budget lo provide external training and support to the Board as a whole. Spending is
decided by the Board itself according lo any identified training needs.
anisation
The function and role of the Consortium Board of Directors is to oversee the strategic development and governance
of the organisation on behalf of Ihe Membership, and the broader LGBT+ communities. There are Currently two
Executive functions within the Board structure
Chair and Treasurer. The Chief Executive performs the Company
Secretary role. The Chair has delegated and agreed authority in certain areas for taking any urgent decisions or
actions on behalf of the full Board as required. Operational day lo day management of the organisalion is delegated
by the Board to the Chief Executive, in line with our Internal Delegated Authority documenl, which has recently been
updated. Delivery of organisational activities {in line with the aims and objectives of Consortium} is undertaken by
the staff employed for such purposes.
Consortium's Board also have the power to enact Advisory Commillees lo support Ihe organisation's strategic work.
Under our developing philanthropy and giving work this includes setting up Grants Panels, which have direct Board
engagement alongside specialist expertise to ensure fair, accountable, and equitable decision.
The Board of Trustee Directors have assessed both major and minor risks to which the charity is exposed and is
salisfied that policies and systems are in place to miligate any exposure to major risks through a comprehensive
Risk Register.
Policies that impact upon risk management remain under review periodically by the Board to ensure that the
organisation has the appropriate operational framework in which lo function. The Board, in conjunction with the
Chief Executive, regularly review the organisalion's Risk to remain up to dale and aware of any forthcoming risks.
The LGBT+ sector continues to be under attack by bad actors and continues to face additional politically driven
challenge that is increasingly hostile to LGBT+ inclusion. The infrastructure sector also remains a particularly
vulnerable part of civil society, resulting in a political, legal, media and social environment that will continue lo be
tricky to navigate in the coming years.
The Board remains acutely aware of these risks, and regularly discusses the slate of the sector al its meetings. The
organisation appropriate trigger points financially and slruclurally lo ensure the organisalion can lake appropriate
action in advance of any potential worsening situation. The organisation continues to explore more diverse income
streams, including expansion of grant giving work, to help create a more stable, resilient and sustainable framework.
Project funding is scrulinised regularly by the Board at its scheduled meetings via thorough reporting by the Chief
Executive. The Board remain committed lo be a beacon of best practice for the LGBT+ voluntary and community
sector. The Board also regularly look at potential legal needs of the organisalion and take high level legal advice on
critical issues.

THE CONSORTIUM OF LESBIAN, GAY, BISEXUAL AND TRANSGENDER
VOLUNTARY & COMMUNITY ORGANISATIONS
TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Auditor
In accordance with the company's articles. a resolution proposing that Price Bailey LLP be reappointed as auditor of
the Company will be put at a General Meeting.
Public Benefit
The Trustees of the charity are satisfied that the operations and governance pass the public benefil requirement of
the Charity Commission and the Trustees have had due regard lo Charity Commission guidance in how the charity
is run.
The charity exists to bring together a range of LGBT+ organisations to promote good practice, equality and diversity,
and work lo eliminate discrimination on the grounds of sexual orientation or gender identity. This annual report
extensively highlights the ways in which we have supported our diverse and interseclional membership, to support
the public in engaging with LGBT+ issues.
The charity continues to demonstrate its benefil through an ever increasing membership, having seen Ihis increase
year on year for the last 5 years. The work the charity has produced, the relationships it has developed with external
stakeholders, and the comms it has delivered have all conlribLJted lo our benefits to the public as a critical charity for
the LGBT+ voluntary and community sector and in advancing equality and diversity.
Looking Ahead
The Board of Trustees are encouraged at the future prospects for the charity in the coming financial year, and
beyond. The operational team continue to progress important conversations to expand our role as a specialist
funder and are pleased to see plans for a new £500k fund being prepared for 25126. The Trustees remain aware of
the challenging environment for all charities but are confident that whilst funding may lighten in the coming years,
our dual position as the umbrella body and a specialist funder puls the charity in the strongest position and provides
unique opportunities for our own stabilily and sustainability.
Disclosure of information to auditor
Each of the Iruslees 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 lo
identify such relevant information and lo establish thal the auditor is aware of such infomiation.
The trustees, report was approved by the Board of Truslees.
Yalin N4151ry lJ)n 30 2026. 10 30aTnl
Y Mistry Ichair of Trustees}
Trustee
Date.. .3Q.Jan.2D2fi.......................

THE CONSORTIUM OF LESBIAN, GAY, BISEXUALAND TRANSGENDER
VOLUNTARY & COMMUNITY ORGANISATIONS
STATEMENT OF TRUSTEES, RESPONSIBILITIES
FOR THE YEAR ENDED 31 MARCH 2025
The trustees, who are also the directors of The Consortium of Lesbian, Gay, Bisexual and Transgender Voluntary &
Community Organisations 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 slate of affairs of the charity and of the incoming resources and application of resources, including the
income and expenditure, of the charitable company for that year.
In preparing these financial statements, the trustees are required to=
select suitable accounting policies and then apply them consistently.,
observe the methods and principles in the Charities SORP-
make judgements and estimates Ihat are reasonable and prudent., and
prepare the financial statements on the going concern basis unless it is inappropriate to presume thal the charity
will continue in operation.
The Iruslees are responsible for keeping adequale accounting records that disclose with reasonable accuracy at
any time the financial position of the charity and enable them to ensure that the financial slalemenls comply with the
Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking
reasonable steps for the prevenlion and detection of fraud and other irregularities.
io

THE CONSORTIUM OF LESBIAN, GAY, BISEXUAL AND TRANSGENDER
VOLUNTARY & COMMUNITY ORGANISATIONS
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF THE CONSORTIUM OF LESBIAN, GAY, BISEXUALAND
TRANSGENDER VOLUNTARY & COMMUNITY ORGANISATIONS
Opinion
We have audited the financial statements of The Consortium of Lesbian, Gay, Bisexual and Transgender Voluntary
& Community Organisations Ilhe 'charity'l for the year ended 31 March 2025 which comprise the statement of
financial activities, the balance sheet, the statement of cash flows and notes lo the firiancial slatemenls, including
significant accounting policies. The financial reporting framework that has been applied in their preparalion is
applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The
Financial ReportNng Standard applicable in the UK and Republic of I￿land (United Kingdom Generally Accepted
Accounting Practice).
In our opinion, the financial slalements..
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 ils income and expenditure, for the year then
ended.,
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice.
and
have been prepared in accordance with the requiremenls ofthe Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing IUKI IISAS (UKI) and applicable
law. Our responsibilities under those standards are further described in the Auditors responsibilities for the audit of
Ihe financial statements section of our report. We are independent of the charity in accordance with the ethical
requirements that are relevant lo 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
Ihal 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 slalements. we have concluded Ihal 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 lo evenls or
conditions that. individually or collectively, may cast significant doubt on the charity's ability to continue as a going
concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the
relevant sections of this report.
other information
The other information comprises Ihe information included in the annual report other than the financial stalernents
and our auditor's report thereon. The Iruslees are responsible for the other information contained within the annual
report. Our opinion on the financial statements does not cover the other information and, except to the extent
otherwise explicitly staled in our report, we do not express any form of assurance conclusion thereon. Our
responsibility is to read the other infomiation and, in doing so, consider whether the other information is materially
inconsislenl with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears
lo be materially misstated. If we identify such malerial inconsistencies or apparent material misstatements, we are
required to determine whether this gives rise to a material misslalemenl in the financial slalemenls 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.
11

THE CONSORTIUM OF LESBIAN, GAY, BISEXUALAND TRANSGENDER
VOLUNTARY & COMMUNITY ORGANISATIONS
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF THE CONSORTIUM OF LESBIAN, GAY, BISEXUALAND
TRANSGENDER VOLUNTARY & COMMUNITY ORGANISATIONS
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of our audit..
the information given in Ihe trustees, report for the financial year for which the financial statements are
prepared, which includes the directors, report prepared for the purposes of company law, is consistent with Ihe
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 charity and its environment obtained in the course of the
audit, we have not identified material misslalemenls in the directors, report included wilhin Ihe trustees, report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires
us lo report to you if. in our opinion..
adequate accounting records have not been kepl, or returns adequate for our audit have not been received
from branches not visited by us., or
the financial slalements 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 slalemenls in accordance with the small companies
regime and lake 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 slalemenl of trustees, responsibilities, Ihe trustees, who are also the directors of the
charity for the purpose of company law, are responsible for the preparation of the financial slalements and for being
satisfied that they give a Irue and fair view, and for such internal control as the trustees determine is necessary lo
enable the preparation of financial statements that are free from material misstatement, whether due lo fraud or
error. In preparing the financial slalements, the trustees are responsible for assessing the charity's ability to
continue as a going concern, disclosing, as applicable, matters related to going concern and using the going
concern basis of accounting unless the Iruslees either intend to liquidate the charitable company or to cease
operations, or have no realistic alternative but lo do so.
Auditor's responsibilities for the audit of the financial statements
Our objectives are lo oblain reasonable assurance about whether the financial slatemenls as a whole are free from
malerial misstatement, whether due to fraud or error, and lo issue an auditor's report that includes our opinion.
Reasonable assurance is a high level of assurance bul is not a guaranlee that an aLJdit conducted in accordance
with ISAS IUKI will always detecl a material misslalement 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 lo influence
the economic decisions of users taken on the basis of these financial slalements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in
line with our responsibilities, oullined above, lo detect material misstatements in respecl of irregularities. including
fraud. The extent lo which our procedures are capable of detecting irregularities. including fraud, is detailed below.
12

THE CONSORTIUM OF LESBIAN, GAY, BISEXUAL AND TRANSGENDER
VOLUNTARY & COMMUNITY ORGANISATIONS
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF THE CONSORTIUM OF LESBIAN, GAY, BISEXUAL AND
TRANSGENDER VOLUNTARY & COMMUNITY ORGANISATIONS
We reviewed systems and procedures to identify potential areas of management override risk. In particular,
we agreed the financial statements to underlying records and we carried out testing of adjustments for
appropriateness.
We reviewed accounting policies for evidence of managemenl bias and ensured that the accounling
policies were correctly applied lo the financial statements.
We reviewed minutes of Trustee Board meetings and agreed the financial statement disclosures to
underlying supporting documentation.
We identified the laws and regulations applicable to the company through discussion with directors and our
knowledge of the business.
In addressing the risk of fraud through management override of controls, we tested the appropriateness of
journal entries and olher adjustments.
We enquired of management as lo actual and potenlial litigation, claims and fraud.
A further description of our responsibilities is available on the Financial Reporting Council's website at: https'.11
www.frc.org.uklauditorsresponsibilities. This descriplion forms part of our auditor's report.
Other matters
In the previous accounting period the Trustees of the charity look advantage of audit exemption under s. 477 of the
Companies Act 2006. The charity was also under the statutory audit thresholds for charities in England and Wales.
Therefore the prior period financial statements were not subject lo audit.
Use of our report
This report is made solely lo 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 stale lo the charitable company's
members those matters we are required to slate lo them in an audilorfs report and for no other purpose. To the
fullest extent permilled by law, we do not accept or assume responsibility to anyone other than the charitable
company and the charilable company's members as a body, for our audit work, for this report, or for the opinions we
have formed.
Kerry Hilliard ACA FCCA CTA (Senior Statutory Auditor)
for and on behalf of Price Bailey LLP
Ik
Chartered Accountants
Statutory Auditor
36 Tyndall Court
Commerce Road
Lynchwood
Peterborough
PE2 6LR

THE CONSORTIUM OF LESBIAN, GAY, BISEXUAL AND TRANSGENDER
VOLUNTARY & COMMUNITY ORGANISATIONS
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITUREACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
Unrestricted Restricted
funds
funds
2025
2025
Total
Unrestricted Restricted
funds
funds
2024
2024
Total
2025
2024
Notes
Income from:
Incoming resources
from charitable
activities
Investments
25,213
13,789
1,140,273
1,165,486
13,789
89,922
6,429
464,182
554,104
6,429
Total income
39,002
1,140,273
1,179,275
96,351
464,182
560,533
enditure on:
Charitable activities
70,484
1,147,816
1,218,300
145,755
459,177
604,932
Other
2,898
2,898
Totsl expenditure
73,382
1,147,816
1,221,198
145,755
459,177
604,932
Net expenditure for the
yearl
Net movement in funds
(34,3801
{7,5431
{41,923)
{49.404)
5,005
{44,399)
Fund balances at 1 April
2024
131,506
175,894
307,400
180,910
170,889
351,799
Fund balances at 31
March 2025
97,126
168,351
265,477
131,506
175,894
307,400
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The slalemenl of financial activities also complies with the requirements tor an income and expenditure account
under the Companies Act 2006.
14-

THE CONSORTIUM OF LESBIAN, GAY, BISEXUAL AND TRANSGENDER
VOLUNTARY & COMMUNITY ORGANISATIONS
BALANCE SHEET
AS AT 31 MARCH 2025
2025
2024
Notes
Fixed assets
Tangible assets
10
3,912
6,560
Current assets
Debtors
Cash al bank and in hand
11
5,194
278,853
18,817
288,177
284.047
306,994
Creditors: amounts falling due within
one year
12
122,482)
(6,154)
Nel currenl assets
261,565
300,840
Total assets less current liabilities
265,477
307,400
Income funds
Restricted funds
Unrestricted funds
13
168,351
97,126
175,894
131,506
265,477
307,400
The financial slalements were approved by the Trustees on
30 Jan 2026
Y8lin Misliy (Jan 30. 2026, ID'.30aml
Y Mislry (Chair of Trustees}
Chair of Trustees
Company registration number 03534603
15-

THE CONSORTIUM OF LESBIAN, GAY, BISEXUAL AND TRANSGENDER
VOLUNTARY & COMMUNITY ORGANISATIONS
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2025
2025
2024
Notes
Cash flows from operating activitses
Cash absorbed by operations
21
(21,7061
{93,603}
Investing activities
Purchase of tangible fixed assels
Investment income received
{1,4071
13,789
(1,4181
6,429
Net cash generated from investing
activities
12,382
5.011
Net cash used in financing activities
Net decrease in cash and cash equivalents
{9,324)
188,592)
Cash and cash equivalents at beginning of year
288,177
376,769
Cash and cash equivalents at end of year
278,853
288,177
16

THE CONSORTIUM OF LESBIAN, GAY, BISEXUALAND TRANSGENDER
VOLUNTARY & COMMUNITY ORGANISATIONS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policies
Charity information
The Consortium of Lesbian, Gay, Bisexual and Transgender Voluntary & Community Organisations is a
private company limited by guarantee incorporated in England and Wales. The registered office is Zone 5,
Wrentham Business Park, Exeler, Devon, EX4 6NA, United Kingdom.
1.1 Accounting convention
The financial statements have been prepared in accordance with the charity's governing document, the
Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of
Ireland" I'FRS 102,1 and the Charities SORP "Accounting and Reporting by Charities.. Statement of
Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021" {effective 1 January 2019}. The
charity is a Public Benefit Entity as defined by FRS 102.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary
amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounling
policies adopted are set out below.
1.2 Going concern
At the lime of approving the financial statements, the trustees have a reasonable expectation thal the charity
has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees
continue lo 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 as to how they may be used. The purposes and
uses of the restricted funds are set out in the notes to the financial slalements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the
charity.
1.4 Income
Income is recognised when the charily is legally entitled lo it after any performance conditions have been mel,
the amounts can be measured reliably, and it is probable that income will be received.
1.5 Expenditure
Expenditure is recognised once there is a legal or conslruclive obligation to transfer economic benefit to a
third party, il is probable that a transfer of economic benefits will be required in settlement, and the amount of
the obligation can be measured reliably.
Charitable activities consist of expenses incurred to further the company's aims and objectives of developing
and maximising the effectiveness of LGBT+ organisalions. Charitable expenditure includes the costs of
training, sponsorship, grants and support to such organisations. The costs of liaising with member
organisalions, the preparation of directories and conferences are included as well as a suitable proportion of
support costs, which, in the directors, opinion, relate lo such activities. Salaries and consullanl's fees,
equipment depreciation and office overheads (support costs) & conslfjmables are apportioned between
charitable activities, costs of generaling charitable income and governance costs according to a best estimale
of the time taken on each activity.
17

THE CONSORTIUM OF LESBIAN, GAY, BISEXUALAND TRANSGENDER
VOLUNTARY & COMMUNITY ORGANISATIONS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policies
(Continued)
1.6 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of
depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their
useful lives on the following bases..
Computers & general office equipment
25 /0 reducing balance
The gain or loss arising on the disposal of an assel is determined as the difference between the sale proceeds
and the carrying value of the asset, and is recognised in the statement of financial aclivities.
1.7 Impairment of fixed assets
Al each reporting end date, the charity reviews the carrying amounts of ils langible assets to determine
whether there is any indication thal those assets have suffered an impairment loss. If any such indication
exists, the recoverable amount of Ihe asset is estimated in order to determine the extent of the impairment
loss lif any).
1.8 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.
1.9 Financial instruments
The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12
'Other Financial Instrumenls Issues, of FRS 102 to all of ils financial instruments.
Financial instruments are recognised in the charity's balance sheel when the charity becomes party to the
conlractual provisions of the inslrumenl.
Financial assels and liabilities are offset, with the net amounts presenled in the financial statements, when
there is a legally enforceable right lo sel off the recognised amounts and there is an intention to settle on a net
basis or lo realise Ihe asset and sellle 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 al amortised cost using the effective
interest method unless the arrangemenl constitutes a financing transaction, where the transaction is
measured at the present value of the future receipts discounted at a market rale of interest. Financial assets
classified as receivable within one year are not amortised.
18

THE CONSORTIUM OF LESBIAN, GAY, BISEXUALAND TRANSGENDER
VOLUNTARY & COMMUNITY ORGANISATIONS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policies
(Continued)
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised al Iransaclion price unless
the arrangement constitutes a financing transaction, where the debt instrument is measured at the present
value of the future payments discounled at a markel rate of interest. Financial liabilities classified as payable
within one year are not amortised.
Debt instruments are subsequenlly carried al amortised cost. using the effective interest rate method.
Trade creditors are obligations to pay for goods or seNices Ihat 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
transaclion price and subsequently measured at amortised cost using the èffective interest method.
Derecognition of financial liabllitles
Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or
cancelled.
1.10 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are
received.
Terminalion benefits are recognised immediately as an expense when the charity is demonstrably committed
lo lerminale the employment of an employee or to provide termination benefits.
1.11 Retirement benefits
Payments to defined contribution retirèment benefit schemes are charged as an expense as they fall due.
1.12 VAT
Where appropriate expenditure includes irrecoverable value added tax.
1.13 Debtors
Trade and other deblors are recognised at the settlement amount due after any trade discount offered.
Prepayments are valued al the amount prepaid after laking 8ccount of any trade discounls due.
1.14 Creditors and provisions
Creditors and provisions are recognised where the charity has a present obligation resulting from a past evenl
that will probably result in the transfer of funds to a third party and the amount due lo settle the obligation can
be measured or eslimaled reliably. Creditors and provisions are normally recognised at their settlement
amount after allowing for any trade discounts due.
Critical accounting estimates and judgements
In the application of the charity's accounting policies, the trustees are required to make judgemenls, estimales
and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other
sources. The estimates and associated assumptions are based on historical experience and other factors that
are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions lo accounling
estimates are recognised in the period in which Ihe estimate is revised where the revision affects only that
period, or in the period of the revision and future periods where the revision affecls bolh current and future
periods.
19

THE CONSORTIUM OF LESBIAN, GAY, BISEXUALAND TRANSGENDER
VOLUNTARY & COMMUNITY ORGANISATIONS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Incoming resources from charitable activities
2025
2024
Grants and grant making activity - restricted
Grants and grant making activily - unrestricted
Membership fees - unreslricled
Training and consultancy - unreslricted
1,140,273
464,182
64,961
5,050
19.911
3,192
22,021
1,165,486
554,104
Analysis by fund
Unrestricted funds
Restricted funds
25,213
1,140,273
89,922
464,182
1,165,486
554,104
Investments
Unrestricted Unrestricted
funds
funds
2025
2024
Interest receivable
13,789
6,429
20-

THE CONSORTIUM OF LESBIAN, GAY, BISEXUALAND TRANSGENDER
VOLUNTARY & COMMUNITY ORGANISATIONS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Charitable activities
Activity costs
Governance
costs
2025
Support
costs
Total
2025
Total
2024
2025
2025
Other activities
41,967
18,617
14,050
74,634
145,755
Membershi
and
makin
activit
rant
LGBT Foundalion (National
LGB&T Partnership)
National Lottery Community
Fund (Equity Fund)
Stonewall ITRANSforming
Futures)
City Bridge Foundation
{Connecting the Capital)
Comic Relief (Equity Fund)
BiPride UK ILGBT +
Futures= Bi Fund)
Giveout (Onward Granting)
LGBT + Futures.. Faith
Fund
LGBT HERO (Voter IDI
National Lottery Community
Fund (LGBT + Fund}
City Bridge Foundation
(Anchor Programme)
Esmee Fairbairn
Foundation
Leeds Community
Foundation - Shen HC
Leeds Communily
Foundation - Bite Back
The Funding Network
City Bridge Foundation
(Always Out There)
LGBT Foundation (Rainbow
Badges)
Barrow Cadbury Trust
57,495
57,495
49,504
496,137
67,156
563,293
133,141
18,966
18,966
33,036
76,603
10,000
76,603
10,000
70,687
15,000
24,157
59,390
24,157
59,390
1,458
20,025
2.500
20.025
2,500
7,500
143,853
143,853
10,208
137,124
137,124
22,811
33,410
33,410
500
500
500
500
4,515
87,563
22,754
1,000
1,122,627
18,617
81,206 1,222,450
604,932
Analysis by fund
Unrestricted funds
Restricted funds
37,817
1,080,660
18,617
14,050
70.484
67,156 1,147,816
145,755
459,177
1,118,477
18,617
81,206 1,218,300
604,932
21

THE CONSORTIUM OF LESBIAN, GAY, BISEXUALAND TRANSGENDER
VOLUNTARY & COMMUNITY ORGANISATIONS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Charitable activities
(Continued)
Included in the above restricled expenditure, is £563,796 for grant payments {2024 - £42,713}.
Support costs
Support Governance
costs
costs
2025
Support Governance
costs
costs
2024
Staff cosls
Postage and stationery
Telephone
Administration of grant-
making
IT software
Bookkeeping
3.801
368
3,801
7,602
368
3,737
689
383
3,737
7,474
689
383
67,156
4,421
5,460
67,156
4,421
5,460
26,635
26.635
Audit fees
Accountancy
Trustees expenses
12,000
2,500
316
12,000
2,500
316
81,206
18,617
99,823
31,444
3,737
35,181
Analysed between
Charitable activities
81,206
18,617
99,823
31,444
3,737
35,181
Employees
The average monthly number of employees during the year was..
2025
Number
2024
Number
16
17
Employment Costs
2025
2024
Wages and salaries
Social security costs
Other pension costs
456,612
38,661
21,764
398,138
30,382
18,880
517,037
447,400
22-

THE CONSORTIUM OF LESBIAN, GAY, BISEXUALAND TRANSGENDER
VOLUNTARY & COMMUNITY ORGANISATIONS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Employees
(Continued)
The number of employees whose annual remuneration was more than £60,000
is as follows..
2025
Number
2024
Number
£70,00110 £80,000
Other
Unrestricted
funds
Total
2025
2024
Nel loss on disposal of tangible fixed assets
2,898
Taxation
The charity is exempt from lax on income and gains falling within paragraph 1 schedule 6 of the Finance Act
2010 or section 256 of the Taxation of Chargeable Gains Act 1992 to Ihe extent that these are applied lo ils
charilable objects.
10 Tangible fixed assets
Computars & general office
equipment
Cost
Al 1 April 2024
Additions
Disposals
19,921
1,407
112,204)
Al 31 March 2025
9,124
Depreciation and impairment
At 1 April 2024
Depreciation charged in the year
Eliminaled in respect of disposals
13,361
1,157
19,3061
At 31 March 2025
5,212
Carrying amount
At 31 March 2025
3,912
At 31 March 2024
6,560
23-

THE CONSORTIUM OF LESBIAN, GAY, BISEXUALAND TRANSGENDER
VOLUNTARY & COMMUNITY ORGANISATIONS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
11 Debtors
2025
2024
Amounts falling due within one year:
Trade debtors
5,194
18,817
12 Creditors: amounts falling due within one year
2025
2024
Trade creditors
Accruals and other creditors
4,788
17,694
3,654
2,500
22,482
6,154
24-

THE CONSORTIUM OF LESBIAN, GAY, BISEXUAL AND TRANSGENDER
VOLUNTARY & COMMUNITY ORGANISATIONS
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
13 Restricted funds
The income funds of the charity include restricted funds comprising the following unexpended balances of
donations and grants held on trust for specific purposes..
Movement in funds
Incoming
Resources
Balaneé at
rèsources
expended 31 March 2025
Balancè at
1 April 2024
LGBT Foundation (National LGB&T Partnership)
National Lottery Community Fund (Equity Fund)
Stonewall {TRANSforming Futures)
City Bridge Foundation Iconnecling the Capital)
LGBT HERO (Voter IDI
National Lottery Community Fund {LGBT+ Fund)
City Bridge Foundation {Anchor Programmel
Comic Relief (Equity Fund)
BiPride UK {LGBT+ Futures.. Bi Fund)
Giveout {Onward Granlingl
LGBT+ Futures= Faith Fund
Esmee Fairbairn Foundation
Leeds Community Foundation
Leeds Community Foundation
57,495
569,228
1,850
56,783
2,500
163,977
135,550
157,495)
{563,293)
118,966)
176,6031
12,500)
1143,8531
1137,1241
{10,0001
{24,157}
{59,390}
{20,025}
(33,410)
1500}
1500)
5,935
17,116
33,654
13,834
61,893
49,689
10,000
3,542
82,017
48,115
21,500
59,390
25,000
46,000
500
500
885
4,975
12,590
175,894 1,140,273 {1,147,816)
168,351
Restricted funds represent specific granls and donations.
The LGBT Foundation (National LGB&T Partnership) relates to support for the Partnership's workplan as part
of the Health and Wellbeing Alliance.
National Lottery Community Fund (Equity Fund) supports the redislribution of TNLCF funds to equity-led
organisations and additional development programme of work.
Stonewall ITRANSforming Futures) relates to funds to facilitate onwards grants lo TRANSfomiing futures
applicants.
City Bridge Foundation {Connecling the Capital} funds greater support for LGBT+ organisalions in London.
LGBT HERO (Voter IDI relates to funds to support increase of LGBT+ voler registration across London, in
partnership with LGBT+ HERO.
National Lottery Community Fund {LGBT+ Fund) represents funds to slrenglhen grant giving activity and
support the development of the LGBT+ Fund structures and income streams.
City Bridge Foundation (Anchor Programme) funds to support structural change for LGBT+ communities
across London.
Comic Relief {Equity Fund) relates to funds to provide grants lo LGBT+ organisations in Ihe Devolved
Nations.
BiPride UK ILGBT+ Futures= Bi Fund) represents funds to provide grants to Bi Organisations in the UK.
-25-

THE CONSORTIUM OF LESBIAN, GAY, BISEXUALAND TRANSGENDER
VOLUNTARY & COMMUNITY ORGANISATIONS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
13 Restricted funds
(Continued)
Giveout {Onward Granting) relates to funds lo support targeted LGBT+ work through onward grants.
LGBT+ Futures.. Faith Fund is from a private donor to distribute onward grants to failh-led LGBT+
organisalions.
Esmee Fairbairn Foundation relates to fur)ds to support our Trans Engagement work.
Leeds Community Foundation Shen HC represents funds lo support a microgrant to Shen Healing Collective
as part of a collaboration to support local LGBT+ engagement work In Leeds.
Leeds Community Foundation Bite Back relates to funds to support a microgranl to Bite Back Youth as part of
a collaboration to support local LGBT+ engagement work in Leeds.
Grant-making activities
The charity makes grants lo organisations that support LGB T+ communities in line with the terms of reslricted
funding received. Grants are awarded following an application and assessment process, and in accordance
with funder requiremenls. Further details of grant-making activities can be found in note X.
14 Analysis of net assets between funds
Unrestricted Restricted
funds
funds
2025
2025
Total Unrestricted Restricted
funds
funds
2024
2024
Total
2025
2024
Fund balances at 31
March 2025 are
represented by..
Tangible assets
Current assetsl{liabilities)
3,912
93,214
3,912
261,565
6,560
124,946
6,560
300,840
168,351
175,894
97,126
168,351
265,477
131,506
175,894
307,400
15 Events after the reporting date
After the year end, the charity received confirmalion of a significant grant amounting to £600,000 from The
Henry Smith Charity. The grant was formally awarded on 14 April 2025, with funds received on 29 May 2025.
As the grant relates to future activities and does not provide evidence of conditions existing al the balance
sheel dale, il is treated as a non-adjusling subsequent event in accordance with the Charities SORP {FRS
1021. Consequently, no adjustments have been made to the financial statements for the year ended 31 March
2025.
-26-

THE CONSORTIUM OF LESBIAN, GAY, BISEXUALAND TRANSGENDER
VOLUNTARY & COMMUNITY ORGANISATIONS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
16 Related party transactions
The key management personnel of Ihe charity comprise the trustees and Chief Executive.
Remuneration of key management personnel
The remuneration of key management personnel is as follows.
2025
2024
Aggregate compensation
77,028
75,787
The above remuneration solely relates to one individual.
In addition to the above, the Trustees had expenses re-imbursed or paid directly in the year for £386 in travel
costs12024- £2721.
There were no other trustees, remuneration or benefits for the year ended 31 March 2025 {2024- none).
27-

THE CONSORTIUM OF LESBIAN, GAY, BISEXUAL AND TRANSGENDER
VOLUNTARY & COMMUNITY ORGANISATIONS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
17 Grant-making activities
The Charily provides grant funding to a range of institutions in support of its charilable objectives. The table
below summarises the grants awarded and amounts paid during the years ended 31 March 2025 and 31
March 2024. Further informalion on restricted grants, including the nature and purpose of each restricted fund,
is provided in Note 13= Restricted Funds.
Fund type
2025 £
Equity Fund
Safe Aging No Discrimination
OulProud African
Queer Chinese Colleclive CIC
Navigale Brighton
Sapphic Bison Grant
Out in the City
London Cruisers Basketball Club
Devil's Dyke Network
The Black Boy Joy Club
Black Beetle Health
Living Free CIC
Lesbian Talk Issues Revisited
Transparent Change
T&Biscuits
LASS ILesbian Asylum Seekers Sheffield)
Leeds LGBT+ Community Consortium
Oasis Norfolk
Out North East
African Queer Creative
Transmuted
OutPatients
Magicusl
Raze Collective
TRENBI FC
Touch Grass CIC
The Qulture
Queer Lemoons
African Rainbow Family
Transilience
G{endler Swap
Miss Trans Global
GeneraTe
Trans Active
Canterbury Trans Network
British Asian LGBTI
Traveller Pride
Testo Hunkie
London Deaf Rainbow Club
Sister Shack
The Kite Trust
Safe Haven - Cornwall
The Common Press CIC
Time4T
Transpiration Wellbeing
Mose Social Rising CIC
Noltin9ham Pastel Project
9,482
22,866
3,600
5,450
6,704
9,735
9,930
9,997
10,390
11,000
19,400
6,554
22,640
900
7,040
21,168
2,820
8,000
12,000
13,511
21,834
9,995
9,160
7.505
9,999
1,500
9,910
9,000
8,685
9,400
9,000
8,000
4,150
1,850
950
9,000
4,000
999
10,000
9,389
9,690
5,000
10,000
9,985
9,000
2,528
28-

THE CONSORTIUM OF LESBIAN, GAY, BISEXUAL AND TRANSGENDER
VOLUNTARY & COMMUNITY ORGANISATIONS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
18 Grant-making activities (continued)
Q.alliance
North Midlands LGBT Older Peoples Group
BLAQ UK
Radical Rhizomes
Not a phase.
Oestrogeneration
SE London Pride
London Lesbian Kickabout
Proudminds
Melanin Vybz
Mxer
XYZ Projects
Grow Your Life
Queer House Party
Lez Gel Creative
Trans Legal Clinic
Total
9,000
4,740
7,100
7,000
6,500
1,800
900
2,132
4,500
6,927
800
9,000
7,000
7,000
950
5,000
494,065
Bi Fund
BiPhoria
Bi Camp UK
Scottish Bi+ Network
Bi the Way
Angels of Freedom
BiPhoria
BiscLJiI
Bi Camp UK
Total
250
250
250
400
400
200
206
200
2.156
Devolved Nations Fund
Pride Outside CIC
Four Pillars
Trans Pride Cardiff
TIN Wardrobe
Teasel Coop
Trans Aid Cymru
Trans Pride Scotland
Transgiving
Belfast Trans Resource Cenlre
Trans Masculine Scotland
Transdonians
North Wales Trans, Intersex and Non Binary Neiwork
Total
2,800
3,000
2,000
2,300
2,800
2,955
2,500
2,195
2,550
900
3,000
3,000
30.000
Trans Campaigning Fund
Translucent
TransActual
Merrnaids
Trans Solidarity Alliance
Total
3,000
3,000
7,000
7,000
20,000
-29-

THE CONSORTIUM OF LESBIAN, GAY, BISEXUALAND TRANSGENDER
VOLUNTARY & COMMUNITY ORGANISATIONS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
19 Grant-making activities (continued)
Faith Fund
Muslim Social Justice Initiative
One Body One Faith
Affirm
Quest
Sarbat Sikh
LGBT+Catholics Westminster Pastoral Council
Keshet UK
House of Rainbow
IMAAN
St Paul's Methodist Church
Brighton Buddhist Centre
The Studenl Christian Movement
Open Table Network
Womens Liberation Mosque
Inclusive Communily Church Grant
The Gathering
Open House
Hidayah
Clifton LGBT + Ministry
Two23
Total
700
750
750
800
800
1,000
1,050
1,050
1,050
500
500
500
700
500
500
625
875
1,075
500
800
15,025
LGBT+Fund
Trans Legal Clinic
Total
2,550
2,550
2025 Total Grants to Institutions
563,796
Fund type
2024 £
LGBT+ Futures Grants
TransActual
Trans Writes
Transsober
Total
11,000
8,625
2,000
21,625
LGBT+ Futures: Bi Fund
London Bisexuals Meetup Group
Biscuit
Emmerson Ward
Greycaslle Productions
Evan Reynolds Performing Arts
London Bisexual Games
Total
208
250
250
250
250
250
1,458
-30-

THE CONSORTIUM OF LESBIAN, GAY, BISEXUALAND TRANSGENDER
VOLUNTARY & COMMUNITY ORGANISATIONS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
20 Grant-making activities (continued)
LGBT+ Futures: Faith Fund
Hidayah
Imaan
House of Rainbow
MCC North London
Open Table NebNork
Keshet
Catholic for AIDS Prevention and Support
Queer Yeshiva
OneBodyOneFaith
Jamyang
Inclusive Gathering Birmingham
Aber LGBTQ+ Christians
BAXSAN
Oasis Open House LGBTQIA+ Hub Waterloo
Masorti LGBT+ Network
Sarbal LGBT+ Sikhs
Inclusive Mosque Initiative
Inclusive Communily Church
The Village Metropolitan Community Church
Total
1,000
1,750
1,750
1,750
1,000
1,000
1,000
1,000
1,000
500
500
500
500
500
1,000
1,880
1,000
1,000
1,000
19,630
2024 Total Grants to Institutions
42,713
21 Cash generated from operations
2025
2024
Deficit for the year
{41,923)
{44,399)
Adjustments for=
Investment income recognised in statemenl of financial activities
Loss on disposal of tangible fixed assets
Depreciation and impairmenl of tangible fixed assets
113,7891
2,898
1,157
(6,4291
2,068
Movements in working capital..
Decrease in debtors
Increaselldecrease} in creditors
13,623
16,328
18,440
{63,283)
Cash absorbed by operations
121,7061
193,6031
22 Analysis of changes in net funds
The charity had no debt during the year.
31