**INCLUSION VENTURES LIMITED Registered charity number 1113939 Registered company number 05174648**
**FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025**
## **INCLUSION VENTURES LIMITED**
## **CONTENTS FOR THE YEAR ENDED 31 JULY 2025**
|Reference and administrative information|1|
|---|---|
|Trustee Annual Report|2 - 4|
|Independent examiner's report|5|
|Statement of financial activities|6|
|Balance sheet|7|
|Notes to the financial statements|8 - 12|
|Extended statement of financial activities|14|
## **INCLUSION VENTURES LIMITED**
## **REFERENCE AND ADMINISTRATIVE INFORMATION AS AT 31 JULY 2025**
## **Directors:**
**(Charity Trustees)**
Eleanor Nevard Doug Rodway Crisolita Tavares Sousa Alexandra Wolsencroft (Appointed 10th September 2024) Rosie-Roella Kelvin (Resigned 11 November 2024) Lisa Britton (Resigned 10th September 2024) Jessica Leonard (Resigned 10th September 2024)
**Registered office:** 1 - 7 Broadway Jaywick Essex CO15 2EB **Registered numbers:** Charity: 1113939 Company: 05174648 **Reporting accountant:** Community360 Winsley's House High Street Colchester Essex CO1 1UG **Bankers:** Metro Bank
**1**
**TRUSTEES ANNUAL REPORT AS AT 31 JULY 2025**
## **INCLUSION VENTURES LIMITED**
## **Director Report August 2024- July 2025**
We focused heavily on Coppins Hall Community Centre this year in order to gain revenue and prove to TNLCF that we can become more sustainable for the future. It paid off, and has undergone a year of significant growth, stabilisation, and renewed community engagement. Following staffing transitions in early 2025, the Development Lead assumed responsibility for centre management, focusing on improving functionality, accessibility, and the overall experience for residents, partners, and young people.
We concentrated on IV’s overarching ethos of **From Exclusion to Inclusion** for Coppins — it now underpins all activity. This commitment is reflected in the expansion of partnerships, increased youth engagement, and the delivery of accessible programmes that support education, wellbeing, and community connection.
Rebuilding engagement after the 2021 arson attack has been a major achievement. A strengthened partnership with the local secondary school has enabled young people at risk of disengagement to learn in a supportive environment they themselves requested. From September 2025, the school extended its hire to both rooms with longer hours, demonstrating trust and value in the centre.
The year saw a wide range of regular bookings, including the Lift Programme, NHS Diabetes Prevention, Karen Ketchup creative workshops, Sydney House & Barnardo’s outreach, Immanuel Pentecostal Church, ORW Wrestling Academy, and Tendring District Council’s housing drop-ins. These partnerships broadened the centre’s reach and diversified its offer. Youth engagement remained strong. BoxSmart supported confidence and positive choices through boxing, while ParkPlay relaunched successfully with new leadership, new volunteers, and funding secured until September 2026. Inclusion Ventures sessions continued to thrive, with consistent attendance across Bike Kitchen, Panna Boss Street Football, and Friday Night Youth Club.
Community events were a major highlight. The Essex Activate Winter Family Experience event welcomed 185 people, offering food, entertainment, and inclusive activities. A standout case study emerged from this event, demonstrating the transformative impact of sustained engagement.
The Warm Hugs Club provided vital support during winter, serving around 300 users and becoming a gateway for new residents to discover the centre. It also fostered new community relationships, including with the local litter-picking volunteers who continue to use the centre as a social hub.
**2**
**TRUSTEES ANNUAL REPORT AS AT 31 JULY 2025**
## **INCLUSION VENTURES LIMITED**
The Plant Roots Community Garden Club was formed. An intergenerational project supported by our Occupational Therapist students and local volunteers.
Coppins Hall Community Centre has re-established itself as a trusted, inclusive, and vibrant hub at the heart of the estate — a place where people feel welcome, supported, and able to belong.
Across our children and young people’s services our Back to School events in both Jaywick and Clacton, attracted new families. They were able to come and gain new or used school uniform, school equipment essentials and a free haircut, ready for the September term. It continues to be embedded as an annual event, supported by Community Voluntary Service, Clacton School Uniform Bank, Tendring’s Resilience Team, Clacton Library and Mad About Theatre’s Soul Food.
Our Happy Helpers group of 16 enthusiastic primary aged children continues to thrive. They come together every school holiday, to give back to their community. They were honoured with a Community Improvement Award at the Tendring Youth awards.
The February #MeetMovePlay event brought together partners, families, and young people for a vibrant day of physical activity, creativity, and connection.
The annual residential was a trip to Snowdonia to climb Pen Y Fan. A group of six youths came after expressing frankly to staff concerns regarding their reliance on cannabis. This weekend trip was a challenge to fitness levels, and a genuine wake up call. All made it to the summit of this highest peak in South Wales and experienced the natural high of physical endurance in the most beautiful expansive environment. It was a very moving emotional return journey for these youth who had been numbing their emotions for months beforehand. Since the trip one youth has completely quit and two have now have now gained employment in landscaping and the building trade.
Some overall statistics for the period are:
Across the year we 359 children and young people accessed our youth sessions, a total of 4714 times.
3871 meals were served in the youth sessions. Happy Helpers completed 100 hours of work in the community. We hosted 4 Occupational Therapy Students from Essex University.
We re launched Parkplay sessions for families and run 15 during the reporting period. We became an agent of the Trussell Trust Food Bank and 11 families benefitted.
**3**
## **INCLUSION VENTURES LIMITED**
## **TRUSTEES ANNUAL REPORT AS AT 31 JULY 2025**
Our new warm hub at Coppins and senior lunch club was used 626 times by residents across the age range of 2-80 years.
This year three trustees moved on. Jess Leonard and Lisa Britton left and Rosie Kevlin became our Development Lead. Alex, a former OT student, a local mother of three, became our new Chair. She has a strong family background in social change and community empowerment.
Signed Date 17th April 2026 Name
**4**
## **INCLUSION VENTURES LIMITED**
## **INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 JULY 2025**
I report on the accounts of Inclusion Ventures Limited for the year ended 31 July 2025 which are set out on pages 6 to 14.
## **Respective responsibilities of trustees and examiner**
The Charity’s Trustees are responsible for the preparation of the accounts. The Charity’s Trustees consider that an audit is not required for this year (under section 144 (2) of the Charities Act 2011 (The Act) but that an independent examination is needed. The charities gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of Association of Accounting Technicians.
It is my responsibility to:
- Examine the accounts under section 145 of the Charities Act,
- To follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 145(5)(b) of the Charities Act, and
- To state whether particular matters have come to my attention.
## **Basis of independent examiner’s Statement**
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. It also includes considerations of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently I do not express an audit opinion on the view given by the accounts.
## **Independent examiner’s statement**
In the course of my examination, no material matters have come to my attention which gives me cause to believe that in, any material respect:
- the accounting records were not kept in accordance with section 130 of the Charities Act; or
- the accounts did not accord with the accounting records; or
- the accounts did not comply with the applicable requirements concerning the form and content of the accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair' view which is not a matter considered as part of an independent examination.
I have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
David Courtier FMAAT AATQB for and on behalf of:
Community360 Winsley’s House, High Street, Colchester, Essex, CO1 1UG Date 21st April 2026
**5**
## **INCLUSION VENTURES LIMITED**
## **STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING THE STATEMENT OF INCOME AND EXPENDITURE) FOR THE YEAR ENDED 31 JULY 2025**
||**Notes **|**Unrestricted**|**Restricted**|**2025**|**2024**|
|---|---|---|---|---|---|
|||**Funds**|**Funds**|**Funds**|**Funds**|
|||**£**|**£**|**£**|**£**|
|**Incoming resources**||||||
|**Incoming resources**||||||
|**from generated funds:**||||||
|Donations & legacies||9,343|200|9,543|1,710|
|Charitable activities|**2**|22,124|292,045|314,169|398,407|
|Investment income|**3**|1,229|-|1,229|2,447|
|Other income|**4**|2,566|-|2,566|5,943|
|**Total incoming resources**||35,262|292,245|327,508|408,507|
|**Resources expended**||||||
|Charitable activities||4,876|381,547|386,423|436,309|
|**Total resources expended**||4,876|381,547|386,423|436,309|
|**Net (outgoing) incoming resources**||30,386|(89,301)|(58,915)|(27,802)|
|**Transfers between funds**||18,237|(18,237)|-|-|
|**Reconciliation of funds:**||||||
|**As at 1 August 2024**||158,539|306,603|465,142|492,944|
|**As at 31 July 2025**|**11**|**207,162**|**199,065**|**406,227**|**465,142**|
The notes on pages 8 - 12 form part of these financial statements
**6**
## **INCLUSION VENTURES LIMITED**
## **BALANCE SHEET AS AT 31 JULY 2025**
|**Note**
**Fixed assets**
Tangible assets
**8**
**Current assets**
Cash in hand
Debtors
**9**
**Liabilities**
Creditors: amounts falling
due within one year
**10**
**Net current assets**
**Total net assets**
**The funds of the Charity**
**11**
Unrestricted fund
Revaluation reserve
Restricted funds|**2025**
**Total**
**Funds**
**£**
273,686
**273,686**
.
166,443
12,971
179,414
46,873
132,541
**406,227**
83,067
124,095
199,065
**406,227**|**2024**
**Total**
**Funds**
**£**
281,300|
|---|---|---|
|||**281,300**
199,007
10,551|
|||209,558
25,716|
|||183,842|
|||**465,142**|
|||34,444
124,095
306,603|
|||**465,142**|
For the year ended 31 July 2025 the Company was entitled to exemption from Audit under section 477 of the Companies Act 2006.
The Members have not required the Company to obtain an Audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to Companies subject to small Companies regime.
The Directors declare that they have approved the accounts above.
Signed
Date 17th April 2026 Eleanor Nevard
**7**
## **INCLUSION VENTURES LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025**
## **1. Basis of preparation**
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement on 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) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
The charity constitutes a public benefit entity as defined by FRS 102.
## **1.2 Fund accounting**
Unrestricted funds are available for use at the discretion of the Directors in furtherance of the general objectives of the Charity.
Restricted funds are subjected to restrictions on their expenditure imposed by the donor, or contained in the terms of a grant.
## **1.3 Incoming resources**
All incoming resources are included in the statement of financial activities when the Charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:-
Voluntary income is received by way of grants and donations and is included in full when receivable. Unrestricted grants, where entitlement is not conditional on the delivery of a specific performance by the Charity, are recognised when the Charity becomes unconditionally entitled to the grant. Restricted grants are recognised on receipt. Gift Aid recoveries on donations from individuals are recognised in the same period as the donation.
Any donated services and facilities are included at the value to the Charity where this can be quantified. The value of services provided by volunteers (including the Directors) has not been included in these financial statements.
Client contributions and investment income are included when received.
## **1.4 Resources expended**
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes non-recoverable VAT, and is reported as part of the expenditure to which it relates:
Charitable expenditure comprises those costs incurred by the Charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them and attract funding to sustain them.
Governance costs include those costs associated with meeting the constitutional and statutory requirement of the Charitable Company. This includes the preparation and examination of this annual report and financial statements, and a small portion of staff time on the strategic focus of the Company and servicing Directors meetings.
## **1.5 Tangible fixed assets and depreciation**
Fixed assets are stated at cost less accumulated depreciation. The costs of minor additions are not capitalised. Depreciation is provided by the Company to write off the cost of tangible fixed assets by equal installments over their expected useful lives, as follows:-
Furniture and fittings 15% of cost p.a. Computer equipment 25% of cost p.a. Property 2% of cost p.a.
## **1.6 Cash flow statement**
The directors have taken advantage of the exemption in Financial Reporting Standrad 1 (revised) from including a cash flow statement in the financial statements on the grounds the company is small.
**8**
**INCLUSION VENTURES LIMITED**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025**
## **1.7 Taxation**
The Company is a Charity within the meaning of section 506(1) of the Taxes Act 1988. Accordingly it is potentially exempt from taxation in respect of income and capital gains received within categories covered by section 505 of the Taxes Act 1988 or section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that such income or gains are applied to exclusively Charitable purposes. No provision for taxation has been made in these financial statements.
## **1.8 Going concern**
The trustees of the charity deem that there are sufficient funds available to continue operating on a going concern basis for the forseeable future
## **1.9 Charity information**
Inclusion Ventures Limited is a private limited company by guarantee registered in England and Wales. All members of the company guarantee to contribute and amount not exceeding £10.00 to the company assets in the event it is wound up.
|**2.**
**Charitable Activities**
Children in Need
Jack Petchey
Essex Community Foundation
Active Essex
Bike Kitchen
Postcode Places Trust
Mulberry Trust
Greggs Foundation
TNLCF - Main grant
Big Lottery - Flourish & Nourish
Big Lottery - Know Your Community
Big Lottery - Capital
Big Lottery - New Ventures
Tendring District Council
Persimmon
Screwfix Foundation
Other grants
Park-play delivery
Hall Hire Income
Food Contributions
**Total 2025**
**Total 2024**
**3**
**Investment income**
Bank interest receivable
**Total 2025**
**Total 2024**|**Unrestricted**
**Funds**
**2025**
**£**
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
20,004
2,120|**Restricted**
**Funds**
**2025**
**£**
37,133
11,900
4,567
14,040
-
-
6,250
19,300
-
-
15,000
11,829
161,535
2,950
3,000
-
250
4,292
-
-|**Total**
**Funds**
**2025**
**£**
37,133
11,900
4,567
14,040
-
-
6,250
19,300
-
-
15,000
11,829
161,535
2,950
3,000
-
250
4,292
20,004
2,120|**Total**
**Funds**
**2024**
**£**
30,775
18,567
20,733
-
1,000
23,000
8,750
-
244,898
5,804
25,000
-
-
-
-
5,000
850
-
12,430
1,600|
|---|---|---|---|---|
||**22,124**|**292,045**|**314,169**|**398,407**|
|||||**Total**
**Funds**
**2024**
**£**
2,447|
||**42,530**|**355,877**|**398,407**||
||**Unrestricted **
**Funds**
**2025**
**£**
1,229|**Restricted**
**Funds**
**2025**
**£**
-|**Total**
**Funds**
**2025**
**£**
1,229||
||**1,229**|**-**|**1,229**|**2,447**|
||||||
||**2,447**|**-**|**2,447**||
**9**
## **INCLUSION VENTURES LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025**
## **4 Other income**
|Placement fees
Trip contributions
**Total 2025**
**Total 2024**
**5**
**Costs of charitable activities**
Salaries
External provision
Activity costs
Utilities & maintenance
Insurance
Premises costs & cleaning
Rent & rates
Returned grant
Support costs
**See note 6**
**Total**
**6**
**Analysis of support costs**
Subscriptions
Advertising & promotional
Bank charges
Office equipment
Office costs
Postage & stationery
Telephone
Professional fees
Training
Other staff costs
Miscellaneous expenses
Depreciation
**Total**|**Unrestricted**
**Funds**
**2025**
**£**
2,566
-|**Restricted**
**Funds**
**2025**
**£**
-
-|**Total**
**Funds**
**2025**
**£**
2,566
-|**Total**
**Funds**
**2024**
**£**
5,849
94|
|---|---|---|---|---|
||**2,566**|**-**|**2,566**|**5,943**|
|||||**Total**
**Funds**
**2024**
**£**
293,939
19,083
26,604|
||**5,943**|**-**|**5,943**||
||**Unrestricted**
**Funds**
**2025**
**£**
2,470
-
310|**Restricted**
**Funds**
**2025**
**£**
270,890
14,354
22,978|**Total**
**Funds**
**2025**
**£**
273,360
14,354
23,288||
||2,780
-
-
-
-
-
2,096|308,222
16,964
6,093
11,158
7,236
-
31,874|311,002
16,964
6,093
11,158
7,236
-
33,970|339,626
26,465
1,634
2,509
9,324
27,448
29,303|
||2,096|73,325|75,420|96,683|
||**4,876**|**381,547**|**386,423**|**436,309**|
||**Unrestricted**
**Funds**
**2025**
**£**
32
-
13
-
129
2
-
-
-
147
159|**Restricted**
**Funds**
**2025**
**£**
996
340
40
-
8,223
3,080
2,043
6,695
1,619
2,826
12|**Total**
**Funds**
**2025**
**£**
1,028
340
53
-
8,352
3,082
2,043
6,695
1,619
2,973
171|**Total**
**Funds**
**2024**
**£**
503
-
11
1,274
1,981
2,742
3,017
5,583
1,371
4,456
751|
||482
1,614|25,874
6,000|26,356
7,614|21,689
7,614|
||**2,096**|**31,874**|**33,970**|**29,303**|
**10**
## **INCLUSION VENTURES LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025**
|**7**
**Staff and key management personnel**
Gross wages
Social security costs
Employer pension costs|**2025**
**£**
254,093
14,150
5,116|**2024**
**£**
271,882
16,548
5,510|
|---|---|---|
||**273,360**|**293,939**|
During the year total remuneration of £115,218 was paid to key management personnel. The remuneration of key management personnel is decided upon and authorised by the Trustees. The key management costs include the employer national insurance and pension contributions.
No staff member received more than £60,000 in the financial year.
|The average number of staff employed during the
**8**
**Tangible fixed assets**
**Property**
**£**
**Cost**
At 1 August 2024
300,000
Additions
-
At 31 July 2025
300,000
**Depreciation**
At 1 August 2024
22,500
Charge for the year
6,000
At 31 July 2025
28,500
**Net book values**
At 31 July 2025
271,500
At 31 July 2024
277,500|The average number of staff employed during the
**8**
**Tangible fixed assets**
**Property**
**£**
**Cost**
At 1 August 2024
300,000
Additions
-
At 31 July 2025
300,000
**Depreciation**
At 1 August 2024
22,500
Charge for the year
6,000
At 31 July 2025
28,500
**Net book values**
At 31 July 2025
271,500
At 31 July 2024
277,500|year were
**Furniture &**
**Equipment**
**£**
10,759
-|**Office**
**Equipment**
**£**
18,837
-|**2025**
17|**2024**
21|
|---|---|---|---|---|---|
|||||**Buildings**
**Improvement**
**£**
13,002
-|**Total**
**£**
342,598
-|
||300,000|10,759|18,837|13,002|342,598|
||22,500
6,000|6,959
1,614|18,837
-|13,002
-|61,298
7,614|
||28,500|8,573|18,837|13,002|68,912|
|||||||
||271,500|2,186|-|-|273,686|
|||||||
||277,500|3,800|-|-|281,300|
1-7 Broadway was purchased on the 16th October 2020 for £175,905. The property was valued at £300,000 by Bond of Essex. The valuation was completed on the 31st March 2022, but was based on the fair and true value when they viewed the property on the 17th July 2019. Therefore the remaining £124,905 has been included as a gain on revaluation. The valuation was based on the square footage of the property.
|**9**
**Debtors**
Debtors
Prepayments
**10 Creditors**
Accrued expenses and deferred income
Creditors|**2025**
**£**
8,038
4,933|**2024**
**£**
4,341
6,210|
|---|---|---|
||**12,971**|**10,551**|
||**2025**
**£**
32,286
14,587|**2024**
**£**
10,710
15,006|
||**46,873**|**25,716**|
**11**
## **INCLUSION VENTURES LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025**
|**11 Funds**
**Unrestricted funds**
General fund
Revaluation reserve
**Restricted funds**
Activity & Community Funds
Building & Equipment
Restricted Core
Food & Nourishment
Physical Wellness
Total restricted
**Totals**|**01/08/24**
**£**
34,444
124,095|**Income**
**£**
35,263
-|**Expenses**
**£**
(4,876)
-|**Transfer**
**£**
18,237
-|**31/07/25**
**£**
83,067
124,095|
|---|---|---|---|---|---|
||158,539|35,263|(4,876)|18,237|207,162|
||4,920
188,966
105,277
1,054
6,386|8,350
11,829
236,585
25,200
10,282|(5,761)
(8,848)
(332,599)
(20,772)
(13,565)|85
(19,624)
1,090
-
212|7,593
172,323
10,353
5,482
3,315|
||306,603|292,245|(381,546)|(18,237)|199,065|
|||||||
||**465,142**|**327,508**|**(386,422)**|**-**|**406,227**|
The TNLCF Capital fund was used to purchase the property 1-7 Broadway. There are conditions if Inclusion Ventures were to sell the property before 2030.
The transfer from Building & Equipment to the General fund has been made to ensure the balance held on the TNLCF Capital fund matches the net book value for the property purchase, less depreciation.
## **12 Trustee remuneration**
During the financial year, one of the Trustees resigned and were then employed by the Charity. The Trustee R Kevlin has then been paid as an employee a total of £32,238 including employer national insurance and employer pension costs.
In the previous financial year, no Trustee was in receipt of remuneration.
## **13 Related parties**
There were no related parties within the year.
**12**
## **INCLUSION VENTURES LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025**
**The following page does not form part of the statutory financial statements**
**13**
## **INCLUSION VENTURES LIMITED**
## **DETAILED INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 JULY 2025**
|**Income**
Donations and legacies
Voluntary income
Investment income
Other income
**Total income**
**Charitable activities**
Salaries & wages
Administration
Rent, rates, light & heat
Community events
Property repairs
Insurance
Hire of hall
Equipment
Travel expenses
Accountancy/bookkeeping fees
Professional fees
Bike Kitchen
Telephone expenses
Other office costs
Printing, postage & stationery
Training & development
Activity expenses
Repayment of grant
Sundry
Depreciation
**Charitable activities expenses**
**Total expenses**
**Surplus/(deficit) for the year**|**Total**
**2025**
**£**
9,543
314,169
1,229
2,566|**Total**
**2024**
**£**
1,710
398,407
2,447
5,943|
|---|---|---|
||**327,508**
274,870
704
24,200
250
2,013
6,093
-
731
1,548
4,635
2,060
149
2,043
18,578
3,082
1,619
36,062
-
171
7,614|**408,507**
293,275
408
35,790
518
1,352
1,634
-
1,619
2,068
3,989
1,595
305
3,017
4,925
2,725
1,371
45,888
27,448
768
7,614|
||386,422|436,309|
||**386,422**|**436,309**|
||**(58,915)**|**(27,802)**|
**14**