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← Inclusion International

2023-12-31-accounts

Docusign Envelope ID: C2FDB4C9-7713-457B-80C9-712B7BD49939

Registered number: 05072000 Charity number: 1106715

INCLUSION INTERNATIONAL

(A Company Limited by Guarantee)

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

Docusign Envelope ID: C2FDB4C9-7713-457B-80C9-712B7BD49939

INCLUSION INTERNATIONAL

(A Company Limited by Guarantee)

CONTENTS

Page
Reference and Administrative Details of the Charity, its Trustees and Advisers 1
Trustees' Report 2 - 11
Independent Auditors' Report on the Financial Statements 12 - 16
Consolidated Balance Sheet 18
Charity Balance Sheet 19
Consolidated Statement of Cash Flows 20
Notes to the Financial Statements 21 - 39

Docusign Envelope ID: C2FDB4C9-7713-457B-80C9-712B7BD49939

INCLUSION INTERNATIONAL

(A Company Limited by Guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2023

Trustees T J Gadd (resigned 31 March 2023)
J Innes (resigned 31 May 2024)
M Mapemba (resigned 28 February 2023)
N Osamu
J Pinomaa
S Swenson
L Lewis (appointed 1 April 2023)
L G Villarreal Peralta (appointed 2 February 2024)
A R Bennett (appointed 1 June 2024)
Company registered
number
05072000
Charity registered
number
1106715
Registered office
The Foundry
17 Oval Way
London
SE11 5RR
Executive Director
Mrs C Laurin-Bowie
Independent auditors
Peters Elworthy & Moore
Chartered Accountants
Salisbury House
Station Road
Cambridge
CB1 2LA
Bankers
NatWest Bank PLC
Hornchurch
Essex
RM12 4DF

Page 1

Docusign Envelope ID: C2FDB4C9-7713-457B-80C9-712B7BD49939

(A company limited by guarantee)

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2023

About this report

The trustees (who are also directors of the company for the purposes of the Companies Act) present their annual report, together with the audited financial statements of Inclusion International (the company) for the year ended 31 December 2023.

The trustees confirm that the annual report and financial statements of the company comply with:

Objectives and activities

In setting objectives and planning the activities of Inclusion International, the trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit.

The charity's objectives are: “To advance the inclusion of persons with intellectual disability without regard to nationality, race or beliefs, by securing on their behalf from all possible sources the provision of residential, educational training, employment and support services”.

To deliver its objectives, Inclusion International’s strategy falls broadly into 3 themes:

Global Advocacy

Connecting Members

Projects and Programmes

Page 2

Docusign Envelope ID: C2FDB4C9-7713-457B-80C9-712B7BD49939

(A company limited by guarantee)

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2023

Global advocacy

Inclusion International’s advocacy work was guided by global events and processes such as the war in Ukraine, and the development of the Deinstitutionalisation guidelines by the CRPD Committee. Some highlights from 2023 are:

Connecting Members

As a global network, connecting members and regions to each other to share experiences and learning from one another is an important part of what we do. In 2023, we helped members learn and share with each other by creating spaces where they can connect, collaborate, and support one another.

Projects and Programmes

Our projects and programmes give our members access to the resources and technical support they need to do work on topics that are important to them. The projects also help to provide evidence of good practices which can be replicated and used in different contexts and countries. Together they provide a body of information and knowledge which informs the work of our network. In 2023 we received funding to start new projects working with our members in Angola, Zambia, Colombia, Niger, Hungary, Romania, Bulgaria, Albania, Slovakia, and Jordan.

Page 3

Docusign Envelope ID: C2FDB4C9-7713-457B-80C9-712B7BD49939

(A company limited by guarantee)

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2023

Inclusion International’s programme structures work in the following key areas:

Volunteers

In addition to our small and dedicated staff team we would not be able to deliver our strategy without the passion, enthusiasm and hard work of a number of dedicated volunteers.

There are different ways that volunteers contribute to our work, for example by:

The Trustees would like to thank all our volunteers, without whose efforts Inclusion International would have a significantly diminished global voice.

Governance

In the last year the Trustees have continued to ensure that our Governance arrangements are fit for purpose, using the principles in the Charity Commission code to drive the way we operate.

In 2023 we welcomed two new Trustees, Lloyd Lewis was appointed as the new Treasurer of Inclusion International in April 2023. He is from the USA and is the CEO of the Arc Thrift Stores of Colorado, one of Colorado’s largest employers with 1,700 employees. We have also elected a new Vice President, Luis Gabriel Villareal. He is from Colombia and has been a part of the network as a self-advocacy leader since in 2010.

Fundraising

Inclusion International does not currently raise funds in the traditional way for UK based charities, our income comes from our members, donations or project grants. Whilst the Trustees are aware of and support the requirements on charities, much of the guidance and regulation in this area does not apply to our activity. In 2022 we engaged a fundraising expert to help us develop a new

Fundraising Strategy. This process resulted in new fundraising priorities for 2023:

Page 4

Docusign Envelope ID: C2FDB4C9-7713-457B-80C9-712B7BD49939

(A company limited by guarantee)

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2023

Financial Review

Our income level in 2023 has been good. We have received new grants from Humanity and Inclusion, Sightsavers, Women Enable, Education Cannot Wait (UNICEF), International Rescue Committee and US State Department.

In 2023 we had three main sources of income, these were:

The trustees would like to thank our members and funders for their support, without which we could not have delivered the successes we achieved in 2023.

Some key points to note:

Reserves policy

The Designated Reserves are amounts of money set aside in one year’s accounts, which can be spent in later years. In 2023 the Officers decided to spend some of our reserves as follows:

Page 5

Docusign Envelope ID: C2FDB4C9-7713-457B-80C9-712B7BD49939

(A company limited by guarantee)

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2023

The table below shows the total amount of money in each of our designated reserves at the end of 2022 and at the end of 2023.

Designated Reserves 31/12/2022 31/12/2023
Equipment and Website $7,571 $3,773
Global Events $55,708 $95,564
Development Fund $53,819 $84,480
Total Designated Reserves $117,098 $183,817

The table below shows the total amount of money in our reserves at the end of 2022 and 2023.

Total Funds Available 31/12/2022 31/12/2023
Restricted Reserves $568,754 $488,810
Designated Reserves $117,097 $183,817
Unrestricted Reserves $151,931 $151,932
Total Reserves $837,782 $824,559

Our policy has been to hold at least $150,000 of unrestricted reserves – enough money to cover more than 6 months of non-programme expenditure. We have achieved this target. Going forward, the trustees will review whether this target is adequate again later in 2024.

Looking Ahead

We have taken a very cautious view in our financial plans, but we remain optimistic that we will be able to secure new funding in 2024. The Trustees review income prospects on a regular basis and make adjustments to our spending plans accordingly. Our current detailed financial plan for 2024 takes into account agreed funding arrangements and a prudent pipeline of new future funding. In 2024 we have submitted a new 3-year proposal for organisational support from the Wellspring Foundation. We hope a new agreement can be signed within the next few months.

The Trustees believe that Inclusion International will remain ‘a going concern’ over the next year – meaning that we will have enough money to keep the organisation going for another year.

Page 6

Docusign Envelope ID: C2FDB4C9-7713-457B-80C9-712B7BD49939

(A company limited by guarantee)

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2023

Structure, governance and management

Constitution

Inclusion International is registered as a charitable company limited by guarantee, and was set up by a memorandum of association on 12 March 2004. The Council of Inclusion International approved updated articles of association on 1 December 2011 and 25 September 2014. In 2016, the Council was entrusted to update the constitution to reflect the changes to our membership rules. These changes were approved on 30 March 2017. In 2023 the Council voted to make changes to the constitution in regards to the election and role of the Vice President. The company is a registered charity, number 1106715.

Membership of Inclusion International is as follows:

Page 7

Docusign Envelope ID: C2FDB4C9-7713-457B-80C9-712B7BD49939

(A company limited by guarantee)

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2023

Trustees and Organisational Structure

The following trustees served during the year 2023:

The current trustees are all experienced trustees of other organisations. The trustees are elected by the General Assembly of member organisations, or appointed by the trustees.

The trustees met regularly online throughout 2023 in order to monitor our finances and work programme. Between meetings, other business is conducted by email.

Our global Council is elected by our members based on our five regions. Each region has two representatives, one of which is a self-advocate with an intellectual disability. The Council is a major link between our members and Inclusion International which ensures the mission, strategy and work of the charity is directly influenced by our members. The Council (whose members are the constitutional members of the organisation) held a virtual Council meeting in 2023. The Council verified the selection of the site of the next World Congress which will be held in Sharjah, UAE in 2025.

Inclusion International works collaboratively with member organisations and with worldwide organisations like the United Nations, the World Bank and national development agencies which fund Inclusion International to undertake projects to further their work and influence.

The trustees delegate the day-to-day running of the charity to the Executive Director, Connie Laurin‑Bowie and her team. In setting salaries for staff, the trustees take into account of a number of different factors including:

Page 8

Docusign Envelope ID: C2FDB4C9-7713-457B-80C9-712B7BD49939

(A company limited by guarantee)

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2023

Risk management

The trustees regularly review the risks facing Inclusion International. The last review was carried out in January 2024 and identified the following main risks:

The Board regularly reviews the mitigation against these risks.

Page 9

Docusign Envelope ID: C2FDB4C9-7713-457B-80C9-712B7BD49939

(A company limited by guarantee)

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2023

Plans for future

To continue to be a strong and resilient organisation, in 2024 we will continue to build systems and processes to enable our global network to share resources and strategies, that align with our mission.

Key things to look out for in 2024:

Trustees' responsibilities statement

The Trustees (who are also directors of Inclusion International for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements, in accordance with applicable law and UK accounting standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial year. Under company law, the Trustees must not approve the financial statements unless they are satisfied they give a true and fair view of the state of affairs of the charitable company and the group, and of the incoming resources and application of resources, including the income and expenditure of the charitable group for that period. In preparing these financial statements, the trustees are required to:

The Trustees are responsible for keeping adequate accounting records which are:

They are also responsible for safeguarding the assets of the charitable company and the group, and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Page 10

Docusign Envelope ID: C2FDB4C9-7713-457B-80C9-712B7BD49939

(A company limited by guarantee)

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2023

Disclosure of information to auditors

Each of the persons who are trustees at the time when this trustees' report is approved has confirmed that:

This report was approved by the trustees and signed on their behalf by:

==> picture [76 x 37] intentionally omitted <==

L Lewis Treasurer Date: 01 August 2024

Page 11

Docusign Envelope ID: C2FDB4C9-7713-457B-80C9-712B7BD49939

INCLUSION INTERNATIONAL

(A Company Limited by Guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF INCLUSION INTERNATIONAL

OPINION

We have audited the financial statements of Inclusion International (the 'parent charitable company') and its subsidiaries (the 'group') for the year ended 31 December 2023 which comprise the Consolidated Statement of Financial Activities, the Consolidated Balance Sheet, the Charity Balance Sheet, the Consolidated Statement of Cash Flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

BASIS FOR OPINION

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

CONCLUSIONS RELATING TO GOING CONCERN

In auditing the financial statements, we have concluded that the Trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Group's or the parent charitable company'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.

Page 12

Docusign Envelope ID: C2FDB4C9-7713-457B-80C9-712B7BD49939

INCLUSION INTERNATIONAL (A Company Limited by Guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF INCLUSION INTERNATIONAL (CONTINUED)

OTHER INFORMATION

The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' Report thereon. The Trustees 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 stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

OPINION ON OTHER MATTERS PRESCRIBED BY THE COMPANIES ACT 2006

In our opinion, based on the work undertaken in the course of the audit:

MATTERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION

In the light of our knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees' Report.

We have nothing to report in respect of the following matters in relation to which Companies Act 2006 requires us to report to you if, in our opinion:

Page 13

Docusign Envelope ID: C2FDB4C9-7713-457B-80C9-712B7BD49939

INCLUSION INTERNATIONAL (A Company Limited by Guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF INCLUSION INTERNATIONAL (CONTINUED)

RESPONSIBILITIES OF TRUSTEES

As explained more fully in the Trustees' Responsibilities Statement, the Trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the Trustees are responsible for assessing the Group's and the parent charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the Group or the parent charitable company or to cease operations, or have no realistic alternative but to do so.

AUDITORS' RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

Page 14

Docusign Envelope ID: C2FDB4C9-7713-457B-80C9-712B7BD49939

INCLUSION INTERNATIONAL

(A Company Limited by Guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF INCLUSION INTERNATIONAL (CONTINUED)

We assessed the susceptibility of the charitable company’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

To address the risk of fraud through management bias and override of controls, we;

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' Report.

Page 15

Docusign Envelope ID: C2FDB4C9-7713-457B-80C9-712B7BD49939

INCLUSION INTERNATIONAL

(A Company Limited by Guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF INCLUSION INTERNATIONAL (CONTINUED)

USE OF OUR REPORT

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006, and to the charitable company's trustees, as a body, Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an Auditors' Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its members, as a body, for our audit work, for this report, or for the opinions we have formed.

Kelly Bretherick (Senior Statutory Auditor)

for and on behalf of

Peters Elworthy & Moore Chartered Accountants Statutory Auditors Salisbury House Station Road Cambridge CB1 2LA

Date: 01 August 2024

Page 16

Docusign Envelope ID: C2FDB4C9-7713-457B-80C9-712B7BD49939

INCLUSION INTERNATIONAL (A Company Limited by Guarantee)

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2023

Unrestricted
general
funds
Unrestricted
designated
funds		 Unrestricted
general
funds
Unrestricted
designated
funds		 Unrestricted
general
funds
Unrestricted
designated
funds		 Restricted
funds		 Total funds Total funds
2023 2023 2023 2023 2022
Note
INCOME FROM:		 $ $ $ $ $
Donations
2		 144,010 9,991 - 154,001 132,750
Charitable activities
3		 - - 811,400 811,400 957,003
Investment
4		 885 - - 885 146
Other income
5		 8,500 - 8,316 16,816 422
TOTAL INCOME
EXPENDITURE ON:		 153,395 9,991 819,716 983,102 1,090,321
Charitable activities
6		 90,223 4,594 899,660 994,477 1,141,810
TOTAL EXPENDITURE
NET
(EXPENDITURE)/INCOME		 90,223
63,172		 4,594
5,397		 899,660
(79,944)		 994,477
(11,375)		 1,141,810
(51,489)
Transfers between funds
12		 (61,322) 61,322 - - -
NET MOVEMENT IN FUNDS
BEFORE OTHER
RECOGNISED LOSSES		 1,850 66,719 (79,944) (11,375) (51,489)
OTHER RECOGNISED
LOSSES:
Other gains/(losses)
12		 (1,849) - - (1,849) (27,012)
NET MOVEMENT IN FUNDS
RECONCILIATION OF
FUNDS:		 61,323 66,719 (79,944) (13,224) (78,501)
Total funds brought forward
12		 153,935 117,098 568,754 839,787 918,288
Net movement in funds
12		 61,323 5,397 (79,944) (13,224) (78,501)
TOTAL FUNDS CARRIED
FORWARD
12		 215,258 122,495 488,810 826,563 (839,787)

The notes on pages 21 to 39 form part of these financial statements.

Page 17

Docusign Envelope ID: C2FDB4C9-7713-457B-80C9-712B7BD49939

INCLUSION INTERNATIONAL (A Company Limited by Guarantee) REGISTERED NUMBER: 05072000

CONSOLIDATED BALANCE SHEET AS AT 31 DECEMBER 2023

Note
CURRENT ASSETS
Debtors
10
Cash at bank and in hand
Creditors: amounts falling due within one
year
11
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
TOTAL NET ASSETS
CHARITY FUNDS
Restricted funds
12
Unrestricted funds
Designated funds
12
General funds
12
Total unrestricted funds
12
TOTAL FUNDS		 58,020
873,597
931,617
(105,054)
183,817
153,936		 2023
$
826,563
826,563
826,563
488,810
337,753
826,563		 182,547
751,210
933,757
(93,970)
117,098
153,935		 2022
$
839,787
839,787
839,787
568,754
271,033
839,787

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

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

The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:

L Lewis Treasurer Date: 01 August 2024

The notes on pages 21 to 39 form part of these financial statements.

Page 18

Docusign Envelope ID: C2FDB4C9-7713-457B-80C9-712B7BD49939

INCLUSION INTERNATIONAL (A Company Limited by Guarantee) REGISTERED NUMBER: 05072000

CHARITY BALANCE SHEET AS AT 31 DECEMBER 2023

Note
FIXED ASSETS
Investments
9
CURRENT ASSETS
Debtors
10
Cash at bank and in hand
Creditors: amounts falling due within one
year
11
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
TOTAL NET ASSETS
CHARITY FUNDS
Restricted funds
12
Unrestricted funds
Designated funds
12
General funds
12
Total unrestricted funds
12
TOTAL FUNDS		 58,021
871,592
929,613
(105,055)
183,817
151,932		 2023
$
1
1
824,558
824,559
824,559
488,810
335,749
824,559		 182,548
749,205
931,753
(93,971)
117,098
151,931		 2022
$
1
1
837,782
837,783
837,783
568,754
269,029
837,783

The charity's net movement in funds for the year was $ (13,224) (2022 - $(78,501)) .

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

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

The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:

==> picture [62 x 30] intentionally omitted <==

L Lewis

Treasurer Date: 01 August 2024

Page 19

Docusign Envelope ID: C2FDB4C9-7713-457B-80C9-712B7BD49939

INCLUSION INTERNATIONAL

(A Company Limited by Guarantee)

CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2023

Note
CASH FLOWS FROM OPERATING ACTIVITIES
Net cash used in operating activities
14
CASH FLOWS FROM INVESTING ACTIVITIES
Dividends, interests and rents from investments
NET CASH PROVIDED BY INVESTING ACTIVITIES
CHANGE IN CASH AND CASH EQUIVALENTS IN THE YEAR
Cash and cash equivalents at the beginning of the year
CASH AND CASH EQUIVALENTS AT THE END OF THE YEAR
15
The notes on pages 21 to 39 form part of these financial statements		 2023
$
121,502
885
885
122,387
751,210
873,597		 2022
$
(213,774)
146
146
(213,628)
964,838
751,210

Page 20

Docusign Envelope ID: C2FDB4C9-7713-457B-80C9-712B7BD49939

INCLUSION INTERNATIONAL

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

1. ACCOUNTING POLICIES

1.1 BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Inclusion International meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

The Consolidated Statement of Financial Activities (SOFA) and Consolidated Balance Sheet consolidate the financial statements of the charity and its subsidiary undertaking. The results of the subsidiary are consolidated on a line by line basis.

The charity has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own Statement of Financial Activities in these financial statements.

The functional and presentational currency is US dollars.

1.2 BASIS OF CONSOLIDATION

The financial statements consolidate the accounts of Inclusion International and its subsidiary undertaking, Inclusion International Trading Limited.

The Statement of Financial Activities for the year dealt with in the accounts of the charity showed net deficit of $13,224 (2022 - $78,501).

1.3 COMPANY STATUS

The charity is a company limited by guarantee. The members of the company are the Trustees named on page 1. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity.

1.4 GOING CONCERN

The Trustees have prepared forecasts through to December 2025 and considered the trading period beyond this. The Trustees have reviewed the cash requirements of the business and expected inflows.

Upon their review, the Trustees believe the charity will have sufficient resources to meet its liabilities as they fall due for the foreseeable future and therefore continue to adopt the going concern basis in preparing the financial statements.

Page 21

Docusign Envelope ID: C2FDB4C9-7713-457B-80C9-712B7BD49939

INCLUSION INTERNATIONAL (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

1. ACCOUNTING POLICIES (CONTINUED)

1.5 INCOME

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Grants are included in the Consolidated Statement of Financial Activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance Sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

Membership income is recognised in the period to which it relates to. Any membership income received in advance is deferred.

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank.

1.6 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 allocated on the portion of the asset’s use.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Group's objectives, as well as any associated support costs.

All expenditure is inclusive of irrecoverable VAT.

1.7 FOREIGN CURRENCIES

Monetary assets and liabilities denominated in foreign currencies are translated into dollars at rates of exchange ruling at the reporting date.

Transactions in foreign currencies are translated into dollars at the rate determined at the start of the accounting period. Where the actual exchange rate varies more than 10% from this rate, the exchange rate used in the book entry is amended.

Exchange gains and losses are recognised in the Consolidated Statement of Financial Activities.

1.8 INVESTMENTS

Investments in subsidiaries are valued at cost less provision for impairment.

Page 22

Docusign Envelope ID: C2FDB4C9-7713-457B-80C9-712B7BD49939

INCLUSION INTERNATIONAL (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

1. ACCOUNTING POLICIES (CONTINUED)

1.9 DEBTORS

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

1.10 CASH AT BANK AND IN HAND

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

1.11 LIABILITIES AND PROVISIONS

Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Consolidated Statement of Financial Activities as a finance cost.

1.12 FINANCIAL INSTRUMENTS

The Group only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

1.13 OPERATING LEASES

Rentals paid under operating leases are charged to the Consolidated Statement of Financial Activities on a straight-line basis over the lease term.

1.14 PENSIONS

The charity contributes to the statutory government backed pension plan (NEST) for its UK based employees. Contributions are charged to the profit and loss account as incurred.

Page 23

Docusign Envelope ID: C2FDB4C9-7713-457B-80C9-712B7BD49939

INCLUSION INTERNATIONAL

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

1. ACCOUNTING POLICIES (CONTINUED)

1.15 FUND ACCOUNTING

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Group and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Group for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

2. INCOME FROM DONATIONS AND LEGACIES

Unrestricted
funds
2023
$
Donations
25,930
Membership income
79,030
Inclusion Fund
49,041
154,001
TOTAL 2022
132,656		 Restricted
funds
2023
$
-
-
-
-
94		 Total
funds
2023
$
25,930
79,030
49,041
154,001
132,750		 Total
funds
2022
$
10,111
80,129
42,510
132,750

3. INCOME FROM CHARITABLE ACTIVITIES

Grants for projects
TOTAL 2022		 Restricted
funds
2023
$
811,400
957,003		 Total
funds
2023
$
811,400
957,003		 Total
funds
2022
$
957,003

Page 24

Docusign Envelope ID: C2FDB4C9-7713-457B-80C9-712B7BD49939

INCLUSION INTERNATIONAL (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

4. INVESTMENT INCOME

Unrestricted
funds
2023
$
Bank interest
885
TOTAL 2022
146		 Total
funds
2023
$
885
146		 Total
funds
2022
$
146

5. OTHER INCOMING RESOURCES

Unrestricted
funds
2023
$
Services
8,500
TOTAL 2022
422		 Restricted
funds
2023
$
8,316
-		 Total
funds
2023
$
16,816
422		 Total
funds
2022
$
422

Page 25

Docusign Envelope ID: C2FDB4C9-7713-457B-80C9-712B7BD49939

INCLUSION INTERNATIONAL (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

6. ANALYSIS OF EXPENDITURE BY ACTIVITIES

Charitable activities
TOTAL 2022		 Activities
undertaken
directly
2023
$
973,445
1,121,593		 Support
costs
2023
$
21,032
20,217		 Total
funds
2023
$
994,477
1,141,810		 Total
funds
2022
$
1,141,810

Expenditure on charitable activities was $994,477 (2022 - $1,141,810) of which $90,223 (2022 - $84,899) was unrestricted, $4,594 (2022 - $67,394) was designated and $899,660 (2022 - $989,517) was restricted.

ANALYSIS OF DIRECT COSTS

Staff costs
Consultancy
Insurance
General expenses
Publications and printing
Rent
Computer consumables
Telephone and internet
Translation expenses
Travel and accommodation
Project costs
Legal costs
Website and communications
TOTAL 2022		 Activities
2023
$
333,713
272,638
2,386
23,159
3,009
20,424
13,931
8,826
11,832
118,844
159,904
219
4,560
973,445
1,121,593		 Total
funds
2023
$
333,713
272,638
2,386
23,159
3,009
20,424
13,931
8,826
11,832
118,844
159,904
219
4,560
973,445
1,121,593		 Total
funds
2022
$
407,143
222,823
2,350
30,003
5,240
16,237
12,241
3,883
6,984
157,656
236,600
811
19,622
1,121,593

Page 26

Docusign Envelope ID: C2FDB4C9-7713-457B-80C9-712B7BD49939

INCLUSION INTERNATIONAL (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

6. ANALYSIS OF EXPENDITURE BY ACTIVITIES (CONTINUED)

ANALYSIS OF SUPPORT COSTS

Activities
2023
$
Audit fees
19,302
Accountancy fees
1,730
21,032
TOTAL 2022
20,217
AUDITORS' REMUNERATION
Fees payable to the charity's auditor for the audit of the charity's annual
accounts
Fees payable to the charity's auditor in respect of:
All non-audit services not included above		 Total
funds
2023
$
19,302
1,730
21,032
20,217
2023
$
17,320
3,654		 Total
funds
2022
$
17,723
2,494
20,217
2022
$
17,723
4,363

7. AUDITORS' REMUNERATION

Page 27

Docusign Envelope ID: C2FDB4C9-7713-457B-80C9-712B7BD49939

INCLUSION INTERNATIONAL

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

8. STAFF COSTS

Wages and salaries
Social security costs
Contribution to defined contribution pension
schemes		 Group
2023
$
309,870
18,815
5,028
333,713		 Group
2022
$
376,659
23,152
7,332
407,143		 Company
2023
$
309,870
18,815
5,028
333,713		 Company
2022
$
376,659
23,152
7,332
407,143

During the prior year one individual received redundancy pay of $25,068 (2021: $Nil) which represents $17,743 statutory redundancy pay and $7,325 ex-gratia payment. There were no settlement payments during 2023.

The average number of persons employed by the charity during the year was as follows:

Group Group Company Company
2023 2022 2023 2022
No. No. No. No.
Employees 4 5 4 5

The number of employees whose employee benefits (excluding employer pension costs) exceeded $60,000 was:

Group Group
2023 2022
No. No.
In the band $130,001 - $140,000 - 1
In the band $140,001 - $150,000 1 -

During the year expenses of $2,043 (2022 - $9,509) were reimbursed to one (2022 - five) trustee. No remuneration was paid to any trustees during the period in accordance with the Articles of Association.

The key management personnel of the charity comprises the trustees, the Executive Director, Finance and Programmes Director and Programmes and Network Development Director of the charity. The total employee benefits of the key management personnel of the charity were $250,047 (2022 - $246,479).

Page 28

Docusign Envelope ID: C2FDB4C9-7713-457B-80C9-712B7BD49939

INCLUSION INTERNATIONAL (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

9. FIXED ASSET INVESTMENTS

CHARITY
COST
At 1 January 2023
AT 31 DECEMBER 2023		 Investments
in
subsidiary
companies
$
1
1

PRINCIPAL SUBSIDIARIES

The following was a subsidiary undertaking of the charity:

Name Company Holding Included in
number consolidation
Inclusion Trading Limited 10706721 100% Yes
The financial results of the subsidiary for the year were:
Name Net assets
$
Inclusion Trading Limited 2,005

Page 29

Docusign Envelope ID: C2FDB4C9-7713-457B-80C9-712B7BD49939

INCLUSION INTERNATIONAL

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

10. DEBTORS

DUE WITHIN ONE YEAR
Trade debtors
Prepayments		 Group
2023
$
58,020
-
58,020		 Group
2022
$
182,547
-
182,547		 Company
2023
$
58,020
1
58,021		 Company
2022
$
182,547
1
182,548

11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Amounts owed to group undertakings
Accruals		 Group
2023
$
-
105,054
105,054		 Group
2022
$
-
93,970
93,970		 Company
2023
$
1
105,054
105,055		 Company
2022
$
1
93,970
93,971

Page 30

Docusign Envelope ID: C2FDB4C9-7713-457B-80C9-712B7BD49939

INCLUSION INTERNATIONAL (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

12. STATEMENT OF FUNDS

STATEMENT OF FUNDS - CURRENT YEAR

UNRESTRICTED
FUNDS
DESIGNATED
FUNDS
Equipment and
website
Global event
Development
fund
GENERAL
FUNDS
Unrestricted
funds
Subsidiary
TOTAL
UNRESTRICTED
FUNDS
RESTRICTED
FUNDS
HI - Jordan
Wellspring
Women Enable
Open Society
Foundation (III)
Sightsavers -
Cameroon
Sightsavers -
Wish		 Balance at 1
January
2023
$
7,571
55,708

53,819
117,098
151,931
2,004
153,935

271,033
-
108,000
-
146,645
-
-		 Income
$
-
9,991
-
9,991
153,395
-
153,395
163,386
72,143
324,982
6,750
-
2,412
3,740		 Expenditure
$
(3,798)
(796)
-
(4,594)
(90,223)
-
(90,223)
(94,817)
(72,143)
(244,332)
(6,750)
(146,645)
(2,412)
(3,740)		 Transfers
in/out
$
-
30,661
30,661
61,322
(61,322)
-
(61,322)
-
-
-
-
-
-
-		 Gains/
(Losses)
$
-
-
-
-
(1,849)
-
(1,849)
(1,849)
-
-
-
-
-
-		 Balance at
31
December
2023
$
3,773
95,564
84,480
183,817
151,932
2,004
153,936
337,753
-
188,650
-
-
-
-

Page 31

Docusign Envelope ID: C2FDB4C9-7713-457B-80C9-712B7BD49939

INCLUSION INTERNATIONAL (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

12. STATEMENT OF FUNDS (CONTINUED)

STATEMENT OF FUNDS - CURRENT YEAR (continued)

Listen Include
Respect
The World Bank
- 3
The World Bank
DRF Guidelines
IDA/MFA Finland
International
Rescue
Committee
Open Society
Foundation
General Support
State
Department -
Eastern Europe
IDA/ECW
Local Projects
TOTAL OF
FUNDS		 Balance at 1
January
2023
$
-
-
-
10,887
3,222
-
300,000
-
-
-
568,754
839,787		 Income
$
8,316
9,980
21,878
-
87,120
10,890
-
26,760
120,000
124,745
819,716
983,102		 Expenditure
$
(8,156)
(9,980)
(21,878)
(10,887)
(90,342)
(10,890)
-
(26,760)
(120,000)
(124,745)
(899,660)
(994,477)		 Transfers
in/out
$
-
-
-
-
-
-
-
-
-
-
-
-		 Gains/
(Losses)
$
-
-
-
-
-
-
-
-
-
-
-
(1,849)		 Balance at
31
December
2023
$
160
-
-
-
-
-
300,000
-
-
-
488,810
826,563

Charity only funds at the year end are $824,559 (2022 - $837,793). This represents the balances listed above excluding the subsidiary balance of $2,004 (2022 - $2,004).

Gains/(losses) in the year are as a result of the foreign currency translation of transactions.

Page 32

Docusign Envelope ID: C2FDB4C9-7713-457B-80C9-712B7BD49939

INCLUSION INTERNATIONAL (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

12. STATEMENT OF FUNDS (CONTINUED)

STATEMENT OF FUNDS - PRIOR YEAR

UNRESTRICTED
FUNDS
DESIGNATED
FUNDS
Equipment and
website
Global event
Inclusive
education
Solidarity fund
Development
fund
GENERAL
FUNDS
Unrestricted
funds
Subsidiary
TOTAL
UNRESTRICTED
FUNDS
RESTRICTED
FUNDS
Wellspring
Sightsavers
Inclusion Works
Open Society
Foundation (III)		 Balance at
1 January
2022
$
21,057
40,708
8,500
16,907

77,320
164,492
150,618
2,004
152,622

317,114
119,868
-
415,095		 Income
$
-
-
-
-
-
-
133,224
-
133,224
133,224
225,000
51,672
-		 Expenditure
$
(18,486)
-
(8,500)
(16,907)
(23,501)
(67,394)
(84,899)
-
(84,899)
(152,293)
(236,868)
(51,672)
(268,450)		 Transfers
in/out
$
5,000
15,000
-
-
-
20,000
(20,000)
-
(20,000)
-
-
-
-		 Gains/
(Losses)
$
-
-
-
-
-
-
(27,012)
-
(27,012)
(27,012)
-
-
-		 Balance at
31
December
2022
$
7,571
55,708
-
-
53,819
117,098
151,931
2,004
153,935
271,033
108,000
-
146,645

Page 33

Docusign Envelope ID: C2FDB4C9-7713-457B-80C9-712B7BD49939

INCLUSION INTERNATIONAL (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

12. STATEMENT OF FUNDS (CONTINUED)

STATEMENT OF FUNDS - PRIOR YEAR (CONTINUED)

Norad/IDA
The World Bank
Ford Foundation
Liz Legacy
DRF Guidelines
IDA/MFA Finland
International
Rescue
Committee
Open Society
Foundation
General Support
Sightsavers
Technical
Partnership
TOTAL OF
FUNDS		 Balance at
1 January
2022
$
-
(9,020)
71,417
3,814
-
-
-
-
-
601,174
918,288		 Income
$
145,629
98,104
-
94
21,100
16,000
500
300,000
98,998
957,097
1,090,321		 Expenditure
$
(145,629)
(89,084)
(71,417)
(3,908)
(10,213)
(12,778)
(500)
-
(98,998)
(989,517)
(1,141,810)		 Transfers
in/out
$
-
-
-
-
-
-
-
-
-
-
-		 Gains/
(Losses)
$
-
-
-
-
-
-
-
-
-
-
(27,012)		 Balance at
31
December
2022
$
-
-
-
-
10,887
3,222
-
300,000
-
568,754
839,787

Page 34

Docusign Envelope ID: C2FDB4C9-7713-457B-80C9-712B7BD49939

INCLUSION INTERNATIONAL (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

12. STATEMENT OF FUNDS (CONTINUED)

The purposes of the designated funds are as follows:

Equipment and website

To set aside funds for future equipment purchases.

Global Event

Funding for global events (Council, General Assemblies, a future World Congress).

Inclusive Education

To assist our members with initiatives building on larger education reform efforts, as well as to support the development of leaders to effectively bring about inclusive education.

Solidarity fund

Voluntary contributions by members to the work of Inclusion International following changes to the fee structure agreed at the General Assembly in 2016.

Development fund

Funding for future organisational and regional development.

The purposes of the restricted funds are as follows:

Wellspring

To strengthen activism by connecting people, communities and organizations to take action for inclusion, and to build partnerships on key issues to advance advocacy; improve capacity and effectiveness of our impact.

Sightsavers with funding from the Department for International Development (DFID)

To address the lack of access to employment opportunities in open labour markets for persons with disabilities in low income countries. Inclusion International will focus its contributions on the inclusion of people with intellectual disabilities, although the models and learning from this target group will have implications for the broader project.

Open Society Foundation

To build the capacity of Inclusion International to identify key issues of discrimination, and to develop tools for self-advocacy and family organisations to use in implementing inclusion.

The World Bank

To document the successes of community-led and family centred approaches for mobilising inclusive education advocacy in Africa and Latin America. To create relevant guides and knowledge materials to support the effectiveness of inclusive education advocacy in communities.

Ford Foundation

To strengthen the organisation by supporting the development of a new strategy including a new long term funding strategy.

Liz Legacy

To create a grant to support a group of people with intellectual disabilities to design and deliver their own project to advocate for inclusive employment in their community. It is made up of funds donated in memory of Liz Haverda.

DRF Guidelines

To organise consultations with self-advocates to review the draft Guidelines on Deinstitutionalization, and

Page 35

Docusign Envelope ID: C2FDB4C9-7713-457B-80C9-712B7BD49939

INCLUSION INTERNATIONAL (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

12. STATEMENT OF FUNDS (CONTINUED)

to develop an accessible version of the guidelines.

IDA/MFA Finland

To build and launch the Listen Include Respect website, including practical guidelines on inclusive participation and the creation of training modules on inclusive participation.

International Rescue Committee

This funding was used to increase understanding of Gender Based Violence (GBV) among women and adolescent girls with intellectual disabilities in Kenya and Lebanon.

Open Society Foundation General Support

To provide general support to the work of Inclusion International.

Sightsavers Technical Partnership

To build the capacity of Sightsavers staff to understand better the barriers experienced by people with intellectual disabilities and to develop the skills and knowledge of process that will enable greater inclusion of people with intellectual disabilities within Sightsavers' programmes.

IHC New Zealand

To provide a contingency fund for the London office and the Secretariat of Inclusion International. During the prior year, the original donor approached Inclusion International to offer to remove the restrictions on the grant. As such, the balance was transferred to general funds in 2021 which the Trustees have agreed to designate for the Development Fund.

International Labour Office

To strengthen the knowledge base on current practices and possible innovations related to building disability inclusive social protection systems. To develop a report on existing support services for persons with intellectual disabilities and their families, and produce accessible material on social protection.

Keystone Human Services

To assess country contexts, and to build capacities and technical skills of country level partners.

UNDP

To support further development of practical guidelines for election stakeholders. Inclusion International delivered 10 consultations with persons with intellectual and psychosocial disabilities.

Listen Include Respect

Listen Include Respect helps organisations understand how to include people with intellectual disabilities in their work. Inclusion International is working with Down Syndrome International to develop guidelines on how organisations can make sure their work is inclusive so that people with an intellectual disability can fully take part.

Norad/IDA

To grow the self-advocacy movement and support the transition to inclusive education in Africa. This project contributes to the overall goal of influencing the disability rights movement to shape the development agenda in Sub-Saharan Africa. Working in Ethiopia, Rwanda and Ghana the project builds on the experience of two global programmes run by Inclusion International – Empower Us, and the Catalyst for Inclusive Education.

Local Projects

To promote the implementation of the UNCRPD and in particular article 24 and to empower people with disabilities to become active, contributing members of their communities. The transfer relates to a

Page 36

Docusign Envelope ID: C2FDB4C9-7713-457B-80C9-712B7BD49939

INCLUSION INTERNATIONAL (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

12. STATEMENT OF FUNDS (CONTINUED)

management fee Inclusion International were entitled to for overseeing the project.

Women Enable

This project seeks to bring a gender perspective to the understanding of the guarantee (or lack of) of the right to legal capacity through the context of sexual and reproductive health and rights (SRHR) and its consequences for women and gender-diverse persons with intellectual and psychosocial disabilities in Indonesia, Kenya, Spain, and the United States of America (USA).

Sightsavers Cameroon

This is a consultancy on citizenship and political participation of people with intellectual disability in Cameroon.

Sightsavers Wish

This is a technical review of training resources and production of videos for the Women’s Integrated Sexual Health (WISH) programme.

The World Bank, December 3rd Event

This funding was used to celebrate the International Day of Persons with Disabilities and promote awareness amongst World Bank staff.

Education Cannot Wait (ECW)

This project aims to improve access to inclusive education for children with disabilities in emergency situations. The project brings together organisations of persons with disabilities at the local, national, and regional level in Colombia and Niger.

State Department Eastern Europe – the JUDY project

This is the first joint project that Inclusion International has with Inclusion Europe. The purpose of this project is to support self-advocates in Eastern Europe to take the lead on closing institutions in their countries. The JUDY project works with five of Inclusion Europe’s members from Albania, Bulgaria, Hungary, Romania, and Slovakia to work towards this common goal: For Europe to end segregation of people with intellectual disabilities.

13. ANALYSIS OF NET ASSETS BETWEEN FUNDS

ANALYSIS OF NET ASSETS BETWEEN FUNDS - CURRENT YEAR

Unrestricted
funds
2023
$
Current assets
406,454
Creditors due within one year
(68,701)
TOTAL
337,753		 Restricted
funds
2023
$
525,163
(36,353)
488,810		 Total
funds
2023
$
931,617
(105,054)
826,563

Page 37

Docusign Envelope ID: C2FDB4C9-7713-457B-80C9-712B7BD49939

INCLUSION INTERNATIONAL (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

13. ANALYSIS OF NET ASSETS BETWEEN FUNDS (CONTINUED)

ANALYSIS OF NET ASSETS BETWEEN FUNDS - PRIOR YEAR

Unrestricted
funds
2022
$
Current assets
365,003
Creditors due within one year
(93,970)
TOTAL
271,033
14.
RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASH FLOW
ACTIVITIES
Net expenditure for the year (as per Statement of Financial Activities)
ADJUSTMENTS FOR:
Foreign exchange movements
Dividends, interests and rents from investments
Decrease/(increase) in debtors
Increase in creditors
NET CASH PROVIDED BY/(USED IN) OPERATING ACTIVITIES
15.
ANALYSIS OF CASH AND CASH EQUIVALENTS
Cash in hand
TOTAL CASH AND CASH EQUIVALENTS		 Restricted
funds
2022
Total
funds
2022
$
$
568,754
933,757
-
(93,970)
568,754
839,787
FROM OPERATING
Group
Group
2023
2022
$
$
(11,375)
(51,489)
(1,849)
(27,012)
(885)
(146)
125,467
(171,397)
10,144
36,270
121,502
(213,774)
Group
Group
2023
2022
$
$
873,597
751,210
873,597
751,210

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Docusign Envelope ID: C2FDB4C9-7713-457B-80C9-712B7BD49939

INCLUSION INTERNATIONAL

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

16. ANALYSIS OF CHANGES IN NET DEBT

Cash at bank and in hand At 1
January
2023
$
751,210
751,210		 Cash flows
$
122,387
122,387		 At 31
December
2023
$
873,597
873,597

17. PENSION COMMITMENTS

The company pays in to the personal pension plan of four employees. The pension cost charge represents contributions payable by the company and amounted to $5,028 (2022 - $7,332).

18. OPERATING LEASE COMMITMENTS

At 31 December 2023 the Group and the company had commitments to make future minimum lease payments under non-cancellable operating leases as follows:

Group Group Company Company
2023 2022 2023 2022
$ $ $ $
Not later than 1 year 3,406 2,813 - 2,813

19. RELATED PARTY TRANSACTIONS

The membership fees are considered to be in the course of normal operations.

During the year the charity received grant income of $207,120 (2022: $161,629) from International Disability Alliance (IDA) in respect of two grants awarded to the charity in the year. The restrictions of these grants were inline with the charitable activities of Inclusion International. One of the charity's trustees is the treasurer of IDA.

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