2024-12-31-accounts

Docusign Envelope ID: 0B0E4B1A-C8FB-423F-AA14-FBB2D1D47923

Registered number: 05072000 Charity number: 1106715

INCLUSION INTERNATIONAL

(A Company Limited by Guarantee)

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Docusign Envelope ID: 0B0E4B1A-C8FB-423F-AA14-FBB2D1D47923

INCLUSION INTERNATIONAL (A Company Limited by Guarantee)

CONTENTS

	Page
Reference and Administrative Details of the Charity, its Trustees and Advisers	1
Trustees' Report	2 - 8
Independent Auditors' Report on the Financial Statements	9 - 13
Consolidated Statement of Financial Activities	14
Consolidated Balance Sheet	15
Charity Balance Sheet	16 - 17
Consolidated Statement of Cash Flows	18
Notes to the Financial Statements	19 - 38
The following pages do not form part of the statutory financial statements:

Docusign Envelope ID: 0B0E4B1A-C8FB-423F-AA14-FBB2D1D47923

INCLUSION INTERNATIONAL

(A Company Limited by Guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2024

Trustees	J Innes (resigned 31 May 2024)
	N Osamu
	J Pinomaa
	S Swenson
	L Lewis
	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 Statutory Auditors Salisbury House Station Road Cambridge CB1 2LA Bankers NatWest Bank PLC Hornchurch Essex RM12 4DF

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Docusign Envelope ID: 0B0E4B1A-C8FB-423F-AA14-FBB2D1D47923

INCLUSION INTERNATIONAL (A Company Limited by Guarantee)

TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2024

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 charitable company) for the year ended 31 December 2024. The Annual Report serves the purposes of both a Trustees' report and a Directors' report under company law.

• The trustees confirm that the annual report and financial statements of the charitable company comply with: - the current statutory requirements.

• the requirements of the charitable company's governing document.

• the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (second edition – October 2019, effective 1 January 2019). Since the company qualifies as small under section 383, the strategic report required of medium and large companies under The Companies Act 2006 (Strategic Report and Director's Report) Regulations 2013 is not required.

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

• To provide a strong and representative voice of self-advocates and families at the UN and other global forums.

• Influencing global processes and ensuring efforts are responsive to the needs of families and self-advocates.

• Working with partners in the cross-disability and other human rights networks.

Connecting Members

• Support and develop regional networks.

• Create platforms (conferences/events/online and social media) for shared learning on priority issues.

• Mobilise network members on shared priority issues.

• Create spaces for shared learning and cooperation.

Projects and Programmes

• Support family and self-advocacy organisations to develop advocacy skills and strategies.

• Programme development to support country-led initiatives informed by global knowledge.

• To develop resources and tools for advocacy and communications.

• Lead projects which demonstrate good practice.

Global advocacy

Inclusion International’s advocacy work is guided by global events and processes. Some highlights from 2024 are:

• After joining the Global Alliance for Care, we've advocated for reforms recognising the complex roles of caregivers and care recipients.

• At the Conference of State Parties (COSP), Inclusion International hosted a side event with International Rescue Committee (IRC) and Education Cannot Wait (ECW) about the challenges faced by people with intellectual disabilities during conflicts and natural disasters.

• We've supported members through parallel reporting to the CRPD Committee, ensuring people with intellectual disabilities drive change in their countries. The historic apology issued in New Zealand to survivors of institutional abuse stands as a powerful testament to the impact of our continued advocacy - an effort that couldn’t have

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Docusign Envelope ID: 0B0E4B1A-C8FB-423F-AA14-FBB2D1D47923

INCLUSION INTERNATIONAL (A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

been realised without the work of our members, People First NZ and IHC.

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 2024, we helped members learn and share with each other by creating spaces where they can connect, collaborate, and support one another.

• At the regional level, our Regional Representatives to Council worked hard to bring together the members in their regions, hosting regular online meetings for networking and sharing or to talk about specific topics that are important in the region.

• At the global level, we brought together members to collaborate in working groups and discussion groups on different topics that matter to our network. Our member, Plena International, hosted ten global self-advocacy meetings, bringing together voices from across the world to learn, share, and strengthen our advocacy. Memberled groups shaped important discussions on climate change, sexual and reproductive health, and humanitarian inclusion.

• We launched a new global Survivor Network. This network connects and support people who have lived or currently live in institutions. It offers a platform to share their experiences, advocate for their rights, and contribute to the ongoing work of deinstitutionalisation.

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 2024 we received funding for projects working with our members. We have worked with our network to close institutions, for example, in Eastern Europe with Inclusion Europe and in Jordan with Humanity & Inclusion. Our work has helped people with intellectual disabilities live with dignity and independence in their communities.

Partnering with Women Enabled International, we've supported women with disabilities in Spain, the USA, Kenya, Fiji, and Indonesia in advocating for bodily autonomy and reproductive rights.

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

• Families Taking Action for Inclusion: This programme unites families who share common values of inclusion and supports Inclusion International members in their work with families.

• Catalyst for Inclusive Education: This programme is designed to assist our members with initiatives to build on larger education reform efforts, as well as to support the development of leaders to effectively introduce inclusive education.

• Empower Us: is Inclusion International’s self-advocacy programme to support our members to develop self-advocate leadership. It is led by people with intellectual disabilities who are self-advocates. Through Empower Us, Inclusion International members are supported to grow their self-advocacy work through training for self-advocates and supporters, resources, mentorship, and other strategies based on the needs of the member organization.

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 our volunteers.

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

• Serving as Officers (Trustees) or as a member of our Council

• Acting as a subject matter expert supporting our global advocacy work or programme work

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Docusign Envelope ID: 0B0E4B1A-C8FB-423F-AA14-FBB2D1D47923

INCLUSION INTERNATIONAL (A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

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 2024 we welcomed one new Trustee, Richard Bennett was co-opted to the board in June 2024. Co-opted Officers support our organisation to develop our strategy, oversee the performance of the organisation and help to promote, advocate for and develop our network. Richard is from the UK and has a lot of experience working with UK-based and international organisations.

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.

Financial Review

Our income level in 2024 has been good. We have received a new grant from the Sage Foundation, a renewed organisational support grant from the Wellspring Foundation, and a donation from the Disability Opportunity Fund to name a few.

In 2024 we had three main sources of income, these were:

• Membership: Our members continued to support our work through the payment of fees ($87,015) and Inclusion Fund voluntary contributions ($34,529).

• Grant Income: Income from grants remained strong – we have received a total of $1,225,249 in income from grants.

• Donations: We received a total of $50,979 in donations from the Disability Opportunity Fund, Prisma Learners and Charities Trust.

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 2024.

Some key points to note:

• There was a surplus in 2024 of $112,486. This was due to the timing of incoming grants. We received the whole amount from the Sage Foundation in November 2024, but the project doesn’t begin until 1 January 2025. - The trustees are very aware that Inclusion International relies on our members and grant funders to undertake the charity’s work. Along with our staff team, we are working with them to try and reduce the risk of low income.

• As we work globally, our income is affected by changes in exchange rates. Where possible, we look to reduce this risk. Our policy is to hold most of our reserves (money we have in the bank) in US dollars.

Reserves Policy

The Designated Reserves are amounts of money set aside in one year’s accounts, which can be spent in later years. In 2024 the Officers decided to spend some of our reserves as follows: - Global Events Fund: preparation for the next World Congress in 2025.

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Docusign Envelope ID: 0B0E4B1A-C8FB-423F-AA14-FBB2D1D47923

INCLUSION INTERNATIONAL (A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

The table below shows the total amount of money in each of our designated reserves at the end of 2023 and at the end of 2024.

Designated Reserves 31/12/2023 Equipment and Website 3,771 Global Events 95,565 Development Fund84,481 Total Designated Reserves 183,817 The table below shows the total amount Total Funds Available 31/12/2023 Restricted Reserves 488,810 Designated Reserves 183,817 Unrestricted Reserves 153,936 Total Reserves 826,563	21/12/2024 3,773 63,142 89,274 156,189 of money in our reserves at the end of 2023 and 2024. 21/12/2024 616,320 156.189 153,936 926,445

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 2025.

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 2025. The Trustees review income prospects on a regular basis and adjust our spending plans accordingly. Our current detailed financial plan for 2025 considers agreed funding arrangements and a prudent pipeline of new future funding. In 2024 we renewed a 3-year agreement for organisational support from the Wellspring Foundation.

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.

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 regarding the election and role of the Vice President. The company is a registered charity, number 1106715.

Membership of Inclusion International is as follows:

• Companies Act Members (as defined by the Companies Act): are the Council of Inclusion International for the period they hold office.

• Regions: are based on the continents of the world and boundaries defined from time-to-time by the Council. The Council may, in exceptional circumstances, establish regions based on published criteria. The regions will make their own membership arrangements and, where there is no functioning region, the secretariat will coordinate the full members in that region for membership purposes.??

• Full Members: family or self-advocacy based organisations, recognised as a national organisation or as an organisation responsible for bringing a country-level voice of families of persons with intellectual disabilities

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Docusign Envelope ID: 0B0E4B1A-C8FB-423F-AA14-FBB2D1D47923

INCLUSION INTERNATIONAL (A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

and/or self-advocates.

To qualify, full members must:

• accept and support the ‘Statement of Unity’

• agree to meet all obligations of full membership, including the payments of such subscriptions as are determined by the Council

• participate in the affairs of the charity as a responsible voting member. Full members have voting rights at the General Assembly of Inclusion International. Where there is more than one full member in a country, those full members will agree how to share the vote and, in the absence of such agreement, equal fractional votes will be assigned to the constituent organisations.

• Affiliate Members: organisations with an interest in the affairs of persons with intellectual disabilities, or a selfadvocacy or family organisation which, in either case, accepts and supports the ‘Statement of Unity’, but which does not meet all the requirements for full membership. Affiliated members have no voting rights at the General Assembly of Inclusion International.

• Individual Members: individuals who accept and support the ‘Statement of Unity’ and may be admitted as individual members without a vote. An individual member has the right to attend all meetings of the assembly.

Trustees and Organisational Structure

The following trustees served during the year 2024:

• Sue Swenson, President.

• Nagase Osamu, Secretary General.

• Lloyd Lewis, Treasurer.

• Luis Gabriel Villarreal Peralta, Vice President.

• Jyrki Pinomaa, Co-opted Officer.

• Richard Bennett, Co-opted Officer (co-opted 1st June 2024).

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 2024 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 2024.

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 consider a number of different factors including:

• the needs of its beneficiaries and members.

• funding available for the role if externally funded.

• the overall financial position of the organisation.

• the location of the role and the employment laws and employment market conditions in the country

• where the role is based.

• the need to attract the appropriate skills required to manage Inclusion International in a way that

• achieves its vision, mission and agreed strategy.

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Docusign Envelope ID: 0B0E4B1A-C8FB-423F-AA14-FBB2D1D47923

INCLUSION INTERNATIONAL

(A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

Risk Management

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

• Ensuring adequate income to continue our programme of work. We continue to seek new sources of funds and have a good track record in obtaining grant income. The Trustees are aware of the over reliance on a few large donors. The Trustees think that we need to:

• Act to secure more funding to cover core costs

• Ensure our core costs are spent in the best way to deliver our strategy.

• Loss of income from membership fees. Financial pressures on member organisations continue to be a

• risk to the level of fees and donations they have been prepared to make. The Trustees are either directly, or in conjunction with the Council and the Regions, staying in regular contact with our members.

• Reputational damage to the name of Inclusion International which could negatively impact our current and future income – we keep a close dialogue with current and future donors and partners. A specific risk was added for 2024 to monitor developments with the International Disability Alliance and provide regular updates throughout the year.

• Foreign exchange risk (our accounts are published in US dollars which is the currency of most of our income) – we will continue to monitor carefully and take such action as is sensible.

• Concerns about security and conflicts in some countries. In addition to the negative impact for our member organisations and people with disabilities in these countries, we know all too well that people with disabilities are proportionally worse off in conflict situations, it could further lead to loss of core income for us.

• Reliance on a very small and dedicated team of staff and volunteers to deliver our programme of work –

• we need to take action to ensure this risk is reduced as much as possible

• Ensuring the safeguarding of our staff, volunteers, partners and beneficiaries as our work develops – we must have appropriate policies and procedures in place.

• Failure of a major event/work due to natural or political crisis. A specific risk was added for 2024 in relation to World Congress planning to ensure appropriate planning and budgeting was set up to manage the event taking place in 2025.

The Board regularly reviews the mitigation against these risks.

Plans for the Future

To continue to be a strong and resilient organisation, in 2025 we will continue to build systems and processes to enable our global network to share resources and strategies, that align with our mission.

The key events happening in 2025 include our World Congress in Sharjah, UAE in September. Alongside the World Congress, we'll host the Self-Advocacy and Family Summits, focusing on the essential roles of selfadvocates and families in our work. In connection with these events, we will also host our first in person General Assembly since 2018.

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:

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Docusign Envelope ID: 0B0E4B1A-C8FB-423F-AA14-FBB2D1D47923

INCLUSION INTERNATIONAL (A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

• select suitable accounting policies and then apply them consistently.

• observe the methods and principles in the Charities SORP.

• make judgments and accounting estimates that are reasonable and prudent.

• prepare the financial statements on the going concern basis, unless it is inappropriate to presume that the

• charitable group will continue in operation.

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

• sufficient to show and explain the charitable company and the group's transactions.

• disclose with reasonable accuracy at any time the financial position of the charitable group.

• enable them to ensure that the financial statements comply with the Companies Act 2006.

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.

Disclosure of information to auditors

Each of the persons who are trustees at the time when this trustees' report is approved has confirmed that: • so far as that trustee is aware, there is no relevant audit information of which the charitable group's auditors are unaware, and

• that trustee has taken all the steps that ought to have been taken as a trustee in order to be aware of any relevant audit information, and to establish that the charitable group's auditors are aware of that information.

Approved by order of the members of the board of Trustees and signed on their behalf by:

Trustee Lloyd Lewis

Date: 10 April 2025

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Docusign Envelope ID: 0B0E4B1A-C8FB-423F-AA14-FBB2D1D47923

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 2024 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:

• give a true and fair view of the state of the Group's and of the parent charitable company's affairs as at 31 December 2024 and of the Group's incoming resources and application of resources, including its 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 requirements of the Companies Act 2006 and the Charities Act 2011.

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.

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Docusign Envelope ID: 0B0E4B1A-C8FB-423F-AA14-FBB2D1D47923

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:

• the information given in the Trustees' Report for the financial year for which the financial statements are prepared is consistent with the financial statements.

• 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 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:

• the parent charitable company has not kept adequate and sufficient accounting records, or returns adequate for our audit have not been received from branches not visited by us; or

• the parent charitable company financial statements are not in agreement with the accounting records and returns; or

• certain disclosures of Trustees' remuneration specified by law are not made; or

• we have not received all the information and explanations we require for our audit; or

• the Trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemptions in preparing the Trustees' Report and from the requirement to prepare a Strategic Report.

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Docusign Envelope ID: 0B0E4B1A-C8FB-423F-AA14-FBB2D1D47923

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:

• the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;

• we identified the laws and regulations applicable to the charitable company through discussions with trustees and other management, and from our knowledge and experience of the charity sector;

• we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the charitable company, including the Companies Act 2006, Charities Act 2011 and taxation legislation;

• we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence;

• identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit; and

• we reviewed the minutes of Trustees' meetings to identify and references to non-compliances with laws and regulations

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Docusign Envelope ID: 0B0E4B1A-C8FB-423F-AA14-FBB2D1D47923

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:

• making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and

• considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.

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

• tested journal entries to identify unusual transactions;

• evaluated the assumptions and judgements used by management within significant accounting estimates and assessed whether these indicated evidence of management bias; and

• performed audit work over the risk of management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and revieing accounting estimates for bias.

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

• agreeing financial statement disclosures to underlying supporting documentation;

• reading the minutes of meetings of those charged with governance;

• enquiring of management as to actual and potential litigation and claims; and

• reviewing correspondence with relevant regulators such as the Charity Commission.

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.

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Docusign Envelope ID: 0B0E4B1A-C8FB-423F-AA14-FBB2D1D47923

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: 22 April 2025

Page 13

Docusign Envelope ID: 0B0E4B1A-C8FB-423F-AA14-FBB2D1D47923

INCLUSION INTERNATIONAL (A Company Limited by Guarantee)

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2024

Unrestricted general funds Unrestricted designated funds	Unrestricted general funds Unrestricted designated funds	Unrestricted general funds Unrestricted designated funds	Restricted funds	Total funds	Total funds
	2024	2024	2024	2024	2023
Note INCOME FROM:	$	$	$	$	$
Donations 2	172,514	-	-	172,514	154,001
Charitable activities 3,4	22,293	-	1,223,221	1,245,514	811,400
Investment 5	1,096	-	-	1,096	885
Other income 6	-	-	38,720	38,720	16,816
TOTAL INCOME EXPENDITURE ON:	195,903	-	1,261,941	1,457,844	983,102
Charitable activities 7,8	144,186	55,209	1,145,339	1,344,734	994,477
TOTAL EXPENDITURE NET (EXPENDITURE)/INCOME	144,186 51,717	55,209 (55,209)	1,145,339 116,602	1,344,734 113,110	994,477 (11,375)
Transfers between funds 14	(38,489)	27,581	10,908	-	-
NET MOVEMENT IN FUNDS BEFORE OTHER RECOGNISED LOSSES	13,228	(27,628)	127,510	113,110	(11,375)
OTHER RECOGNISED LOSSES:
Other gains/(losses) 14	(13,228)	-	-	(13,228)	(1,849)
NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS:	-	(27,628)	127,510	99,882	(13,224)
Total funds brought forward 14	153,936	183,817	488,810	826,563	(839,787)
Net movement in funds 14	-	(27,628)	127,510	99,882	(13,224)
TOTAL FUNDS CARRIED FORWARD 14	153,936	156,189	616,320	926,445	826,563

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

Page 14

Docusign Envelope ID: 0B0E4B1A-C8FB-423F-AA14-FBB2D1D47923

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

CONSOLIDATED BALANCE SHEET AS AT 31 DECEMBER 2024

			2024		2023
	Note		$		$
CURRENT ASSETS
Debtors	12	235,647		58,020
Cash at bank and in hand		802,642		873,597
		1,038,289		931,617
Creditors: amounts falling due within one
year	13	(111,844)		(105,054)
NET CURRENT ASSETS			926,445		826,563
TOTAL ASSETS LESS CURRENT
LIABILITIES			926,445		826,563
TOTAL NET ASSETS			926,445		826,563
CHARITY FUNDS
Restricted funds	14		616,320		488,810
Unrestricted funds
Designated funds	14	156,189		183,817
General funds	14	153,936		153,936
Total unrestricted funds	14		310,125		337,753
TOTAL FUNDS			926,445		826,563

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:

Trustee Lloyd Lewis

Date: 10 April 2025

The notes on pages 19 to 38 form part of these financial statements.

Page 15

Docusign Envelope ID: 0B0E4B1A-C8FB-423F-AA14-FBB2D1D47923

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

CHARITY BALANCE SHEET AS AT 31 DECEMBER 2024

Note FIXED ASSETS Investments 11 CURRENT ASSETS Debtors 12 Cash at bank and in hand Creditors: amounts falling due within one year 13 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES TOTAL NET ASSETS CHARITY FUNDS Restricted funds 14 Unrestricted funds Designated funds 14 General funds 14 Total unrestricted funds 14 TOTAL FUNDS	231,883 798,762 1,030,645 (109,171) 153,223 151,932	2024 $ 1 1 921,474 921,475 921,475 616,320 305,155 921,475	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

The charity's net movement in funds for the year was $ 96,916 (2023 - $(13,225)) .

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.

Page 16

Docusign Envelope ID: 0B0E4B1A-C8FB-423F-AA14-FBB2D1D47923

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

CHARITY BALANCE SHEET (CONTINUED) AS AT 31 DECEMBER 2024

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

Trustee Lloyd Lewis

Date: 10 April 2025

The notes on pages 19 to 38 form part of these financial statements.

Page 17

Docusign Envelope ID: 0B0E4B1A-C8FB-423F-AA14-FBB2D1D47923

INCLUSION INTERNATIONAL

(A Company Limited by Guarantee)

CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2024

Note CASH FLOWS FROM OPERATING ACTIVITIES Net cash used in operating activities 16 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 17 The notes on pages 19 to 38 form part of these financial statements	2024 $ (72,051) 1,096 1,096 (70,955) 873,597 802,642	2023 $ 121,502
		885
		885
		122,387 751,210
		873,597

Page 18

Docusign Envelope ID: 0B0E4B1A-C8FB-423F-AA14-FBB2D1D47923

INCLUSION INTERNATIONAL

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

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 surplus of $97,593 (2023 - deficit of $13,224).

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 2026 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 19

Docusign Envelope ID: 0B0E4B1A-C8FB-423F-AA14-FBB2D1D47923

INCLUSION INTERNATIONAL (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

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 raising funds includes all expenditure incurred by the Group to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.

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 20

Docusign Envelope ID: 0B0E4B1A-C8FB-423F-AA14-FBB2D1D47923

INCLUSION INTERNATIONAL (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

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 21

Docusign Envelope ID: 0B0E4B1A-C8FB-423F-AA14-FBB2D1D47923

INCLUSION INTERNATIONAL (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

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 2024 $ Donations 50,970 Membership income 87,015 Inclusion Fund 34,529 172,514 TOTAL 2023 154,001	Total funds 2024 $ 50,970 87,015 34,529 172,514 154,001	Total funds 2023 $ 25,930 79,030 49,041
		154,001

3. INCOME FROM CHARITABLE ACTIVITIES

Unrestricted funds 2024 $ Grants for projects 2,028 TOTAL 2023 -	Restricted funds 2024 $ 1,223,221 811,400	Total funds 2024 $ 1,225,249 811,400	Total funds 2023 $ 811,400

Page 22

Docusign Envelope ID: 0B0E4B1A-C8FB-423F-AA14-FBB2D1D47923

INCLUSION INTERNATIONAL (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

4. INCOME FROM OTHER TRADING ACTIVITIES

Income from non charitable trading activities

Unrestricted funds 2024 $ Activities of Inclusion Trading Ltd 20,265 5. INVESTMENT INCOME Unrestricted funds 2024 $ Bank interest 1,096 TOTAL 2023 885 6. OTHER INCOMING RESOURCES Unrestricted funds 2024 Restricted funds 2024 $ $ Services - 38,720 TOTAL 2023 8,500 8,316	Total funds 2024 $ 20,265 Total funds 2024 $ 1,096 885 Total funds 2024 $ 38,720 16,816	Total funds 2023 $ -
		Total funds 2023 $ 885
		Total funds 2023 $ 16,816

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Docusign Envelope ID: 0B0E4B1A-C8FB-423F-AA14-FBB2D1D47923

INCLUSION INTERNATIONAL (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

7. EXPENDITURE - TRADING ACTIVITIES

Unrestricted funds 2024 $ Other trading expenses 2,500 Unrestricted funds 2024 $ Administration expenses 6,095	Total funds 2024 $ 2,500 Total funds 2024 $ 6,095	Total funds 2023 $ -
		Total funds 2023 $ -

Page 24

Docusign Envelope ID: 0B0E4B1A-C8FB-423F-AA14-FBB2D1D47923

INCLUSION INTERNATIONAL (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

8. ANALYSIS OF EXPENDITURE BY ACTIVITIES

Charitable activities TOTAL 2023	Activities undertaken directly 2024 $ 1,308,387 973,446	Support costs 2024 $ 27,752 21,032	Total funds 2024 $ 1,336,139 994,478	Total funds 2023 $ 994,478

Expenditure on charitable activities was $1,344,734 (2023 - $994,477) of which $144,186 (2023 - $90,223) was unrestricted, $27,581 (2023 - $4,594) was designated and $1,145,339 (2023 - $899,600) 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 2024 TOTAL 2023	Activities 2024 $ 368,188 309,250 2,579 33,685 2,749 22,676 28,916 2,611 13,884 164,638 354,550 25 4,636 1,308,387 973,446	Total funds 2024 $ 368,188 309,250 2,579 33,685 2,749 22,676 28,916 2,611 13,884 164,638 354,550 25 4,636 1,308,387 973,446	Total funds 2023 $ 333,714 272,638 2,386 23,159 3,009 20,424 13,931 8,826 11,832 118,844 159,904 219 4,560
			973,446

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Docusign Envelope ID: 0B0E4B1A-C8FB-423F-AA14-FBB2D1D47923

INCLUSION INTERNATIONAL (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

8. ANALYSIS OF EXPENDITURE BY ACTIVITIES (CONTINUED) ANALYSIS OF SUPPORT COSTS

Activities 2024 $ Audit fees 24,881 Accountancy fees 2,871 TOTAL 2024 27,752 TOTAL 2023 21,032 9. 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 2024 $ 24,881 2,871 27,752 21,032 2024 $ 18,087 6,456	Total funds 2023 $ 19,302 1,730
		21,032
		2023 $ 17,320 3,654

Page 26

Docusign Envelope ID: 0B0E4B1A-C8FB-423F-AA14-FBB2D1D47923

INCLUSION INTERNATIONAL

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

10. STAFF COSTS

Wages and salaries Social security costs Contribution to defined contribution pension schemes	Group 2024 $ 334,482 27,927 5,779 368,188	Group 2023 $ 309,870 18,816 5,028 333,714	Company 2024 $ 334,482 27,927 5,779 368,188	Company 2023 $ 309,870 18,816 5,028
				333,714

There were no settlement payments made to employees during 2024 (2023: nil).

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

	Group	Group	Company	Company
	2024	2023	2024	2023
	No.	No.	No.	No.
Employees	5	4	5	4

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

		Group	Group
		2024	2023
		No.	No.
In the band $140,001	- $150,000	1	1

During the year expenses of $12,292 (2023 - $2,043) were reimbursed to five (2023 - one) trustees, in relation to travel, accomodation and other costs.

No remuneration was paid to trustees during the period in accordance with the Articles of Association.

The key management personnel of the charity comprises the trustees, the Executive Director and Programmes and Network Development Director of the charity. The total employee benefits of the key management personnel of the charity were $221,243 (2023 - $250,047).

Page 27

Docusign Envelope ID: 0B0E4B1A-C8FB-423F-AA14-FBB2D1D47923

INCLUSION INTERNATIONAL (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

11. FIXED ASSET INVESTMENTS

CHARITY COST OR VALUATION At 1 January 2024 AT 31 DECEMBER 2024	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	Income	Expenditure	Net assets
	$	$	$
Inclusion Trading Limited	20,265	20,265	2,005

Page 28

Docusign Envelope ID: 0B0E4B1A-C8FB-423F-AA14-FBB2D1D47923

INCLUSION INTERNATIONAL

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

12. DEBTORS

DUE WITHIN ONE YEAR Trade debtors Prepayments	Group 2024 $ 235,647 - 235,647	Group 2023 $ 58,020 - 58,020	Company 2024 $ 231,882 1 231,883	Company 2023 $ 58,020 1
				58,021

13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Bank overdrafts Trade creditors Amounts owed to group undertakings Accruals	Group 2024 $ 3,520 12,978 - 95,346 111,844	Group 2023 $ - - - 105,054 105,054	Company 2024 $ 3,520 11,998 1 93,652 109,171	Company 2023 $ - - 1 105,054
				105,055

Page 29

Docusign Envelope ID: 0B0E4B1A-C8FB-423F-AA14-FBB2D1D47923

INCLUSION INTERNATIONAL (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

14. STATEMENT OF FUNDS

STATEMENT OF FUNDS - CURRENT YEAR

UNRESTRICTED FUNDS DESIGNATED FUNDS Equipment and website Global event Development fund GENERAL FUNDS General Funds - all funds Subsidiary TOTAL UNRESTRICTED FUNDS RESTRICTED FUNDS DRG Review ECW HI - Jordan IDA - Project Coordinator 2024 IDA - Global Disability Summit (GDS)	Balance at 1 January 2024 $ 3,773 95,564 84,480 183,817 151,932 2,004 153,936 337,753 - - - - -	Balance at 1 January 2024 $ 3,773 95,564 84,480 183,817 151,932 2,004 153,936 337,753 - - - - -	Balance at 1 January 2024 $ 3,773 95,564 84,480 183,817 151,932 2,004 153,936 337,753 - - - - -	Income $ Expenditure $ - - - (32,422) - (22,787) - (55,209) 175,638 (123,921) 20,265 (20,265) 195,903 (144,186) 195,903 (199,395) 1,653 (1,653) 146,000 (146,000) 73,296 (73,296) 12,000 (12,000) 3,800 (3,545)	Income $ Expenditure $ - - - (32,422) - (22,787) - (55,209) 175,638 (123,921) 20,265 (20,265) 195,903 (144,186) 195,903 (199,395) 1,653 (1,653) 146,000 (146,000) 73,296 (73,296) 12,000 (12,000) 3,800 (3,545)	Income $ Expenditure $ - - - (32,422) - (22,787) - (55,209) 175,638 (123,921) 20,265 (20,265) 195,903 (144,186) 195,903 (199,395) 1,653 (1,653) 146,000 (146,000) 73,296 (73,296) 12,000 (12,000) 3,800 (3,545)	Income $ Expenditure $ - - - (32,422) - (22,787) - (55,209) 175,638 (123,921) 20,265 (20,265) 195,903 (144,186) 195,903 (199,395) 1,653 (1,653) 146,000 (146,000) 73,296 (73,296) 12,000 (12,000) 3,800 (3,545)	Transfers in/out $ - - 27,581 27,581 (38,489) - (38,489) (10,908) - - - - -	Transfers in/out $ - - 27,581 27,581 (38,489) - (38,489) (10,908) - - - - -	Gains/ (Losses) $ - - - - (13,228) - (13,228) (13,228) - - - - -	Gains/ (Losses) $ - - - - (13,228) - (13,228) (13,228) - - - - -	Balance at 31 December 2024 $ 3,773 63,142 89,274
												156,189
				-						-
		151,932 2,004 153,936 337,753 - - - - -		175,638 20,265 195,903 195,903 1,653 146,000 73,296 12,000 3,800		(123,921) (20,265) (144,186) (199,395) (1,653) (146,000) (73,296) (12,000) (3,545)		(38,489) - (38,489) (10,908) - - - - -		(13,228) - (13,228) (13,228) - - - - -		151,932 2,004 153,936 310,125 - - - - 255

Page 30

Docusign Envelope ID: 0B0E4B1A-C8FB-423F-AA14-FBB2D1D47923

INCLUSION INTERNATIONAL (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

14. STATEMENT OF FUNDS (CONTINUED)

STATEMENT OF FUNDS - CURRENT YEAR (continued)

International Rescue Committee (IRC) LIR Services IDA LIR Services Saraki LIR Services UNPRPD Listen Include Respect Sage Foundation Sightsavers - Cameroon State Department - Eastern Europe State Department 2021 - 2025 Wellspring (old) 2021-2024 Wellspring 2024- 2027 Women Enable General Support TOTAL OF FUNDS	Balance at 1 January 2024 $ - - - - 160 - - - - 188,650 - - 300,000 488,810 826,563	Balance at 1 January 2024 $ - - - - 160 - - - - 188,650 - - 300,000 488,810 826,563		Income $ 79,764 - 1,848 - 35,221 100,000 7,639 356,000 165,229 - 274,991 4,500 -	Expenditure $ (79,764) (769) (1,848) (9,146) (36,374) - (7,639) (279,976) (162,463) (188,650) (137,716) (4,500) - (1,145,339) (1,344,734)	Expenditure $ (79,764) (769) (1,848) (9,146) (36,374) - (7,639) (279,976) (162,463) (188,650) (137,716) (4,500) - (1,145,339) (1,344,734)	Expenditure $ (79,764) (769) (1,848) (9,146) (36,374) - (7,639) (279,976) (162,463) (188,650) (137,716) (4,500) - (1,145,339) (1,344,734)	Transfers in/out $ - 769 - 9,146 993 - - - - - - - -		Gains/ (Losses) $ - - - - - - - - - - - - -		Balance at 31 December 2024 $ - - - - - 100,000 - 76,024 2,766 - 137,275 - 300,000
												616,320
		488,810		1,261,941				10,908		-
		826,563		1,457,844		(1,344,734)		-		(13,228)		926,445

Charity-only funds at the year end are $921,475 (2023 - $824,559). This represents the balances llisted above excluding the reserves balance of the trading subsidiary company, Inclusion Trading Ltd.

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

Page 31

Docusign Envelope ID: 0B0E4B1A-C8FB-423F-AA14-FBB2D1D47923

INCLUSION INTERNATIONAL (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

14. STATEMENT OF FUNDS (CONTINUED)

STATEMENT OF FUNDS - PRIOR 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 $ Expenditure $ - (3,798) 9,991 (796) - - 9,991 (4,594) 153,395 (90,223) - - 153,395 (90,223) 163,386 (94,817) 72,143 (72,143) 324,982 (244,332) 6,750 (6,750) - (146,645) 2,412 (2,412) 3,740 (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 - - - -

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Docusign Envelope ID: 0B0E4B1A-C8FB-423F-AA14-FBB2D1D47923

INCLUSION INTERNATIONAL (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

14. STATEMENT OF FUNDS (CONTINUED)

STATEMENT OF FUNDS - PRIOR YEAR (CONTINUED)

Listen Include Respect The World Bank - 3 The World Bank DRF Guidelines IDA/MFA Finland International Rescue Committee 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

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Docusign Envelope ID: 0B0E4B1A-C8FB-423F-AA14-FBB2D1D47923

INCLUSION INTERNATIONAL (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

14. 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).

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.

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.

DRF Guidelines

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

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.

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

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Docusign Envelope ID: 0B0E4B1A-C8FB-423F-AA14-FBB2D1D47923

INCLUSION INTERNATIONAL (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

14. STATEMENT OF FUNDS (CONTINUED)

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:

As of 31.12./2024 there was a remaining balance in the fund in the amount of $76,024. The grant contract was terminated on 7 March 2025 by the donor, the new administration in the USA. We are waiting for instructions about how to treat the remaining funds.

Sage Foundation

This project seeks to address the exclusion of people with intellectual disabilities and their families from the care and support space, transforming the dialogue on care reform from its sole focus on care to a broader and more inclusive care and support approach rooted in the rights of persons with disabilities, with focus on the most marginalized groups.

IDA Global Disability Summit

This funding is for Inclusion International’s technical support in the development of the Global Disability Inclusion Report.

IDA Project Coordinator

Project management in Africa.

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Docusign Envelope ID: 0B0E4B1A-C8FB-423F-AA14-FBB2D1D47923

INCLUSION INTERNATIONAL

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

15. ANALYSIS OF NET ASSETS BETWEEN FUNDS

ANALYSIS OF NET ASSETS BETWEEN FUNDS - CURRENT PERIOD Unrestricted funds 2024 $ Current assets 421,969 Creditors due within one year (111,844) TOTAL 310,125 ANALYSIS OF NET ASSETS BETWEEN FUNDS - PRIOR PERIOD Unrestricted funds 2023 $ Current assets 406,454 Creditors due within one year (68,701) TOTAL 337,753 16. RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASH FLOW ACTIVITIES Net income/expenditure for the period (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

Restricted funds 2024 Total funds 2024 $ $ 616,320 1,038,289 - (111,844) 616,320 926,445 Restricted funds 2023 Total funds 2023 $ $ 525,163 931,617 (36,353) (105,054) 488,810 826,563 FROM OPERATING Group Group 2024 2023 $ $ 113,110 (11,376) (13,228) (1,849) (1,096) (885) (177,627) 125,468 6,790 10,144 (72,051) 121,502

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Docusign Envelope ID: 0B0E4B1A-C8FB-423F-AA14-FBB2D1D47923

INCLUSION INTERNATIONAL

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

17. ANALYSIS OF CASH AND CASH EQUIVALENTS

Cash in hand TOTAL CASH AND CASH EQUIVALENTS	Group 2024 $ 802,642 802,642	Group 2023 $ 873,597
		873,597

18. ANALYSIS OF CHANGES IN NET DEBT

Cash at bank and in hand Bank overdrafts repayable on demand	At 1 January 2024 $ 873,597 - 873,597	Cash flows $ (70,955) (3,520) (74,475)	At 31 December 2024 $ 802,642 (3,520)
			799,122

19. PENSION COMMITMENTS

The company pays in to the personal pension plan of five employees. The pension cost charge represents contributions payable by the company and amounted to $5,779 (2023 - $5,028).

20. OPERATING LEASE COMMITMENTS

At 31 December 2024 the Group and the company had commitments to make future minimum lease payments under non-cancellable operating leases as follows:

			Group	Group	Company	Company
			2024	2023	2024	2023
			$	$	$	$
Not later than	1	year	2,698	3,406	2,698	-

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Docusign Envelope ID: 0B0E4B1A-C8FB-423F-AA14-FBB2D1D47923

INCLUSION INTERNATIONAL (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

21. 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 $158,020 (2023 - $207,120) from International Disability Alliance (IDA) in respect of two grants awarded to the charity in the year. The restrictions of these grants were in line with the charitable activities of Inclusion International. One of the charity's trustees is the treasurer of IDA.

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