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← INTBAU Ltd

2025-03-31-accounts

Company number 6861677 Charity number 1132362

INTBAU LTD

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

INTBAU LTD

CONTENTS

Report of the Trustees 1
Independent Auditor’s Report 11
Statement of Financial Activities 15
Balance Sheet 16
Statement of Cash Flows 17
Notes to the Financial Statements 18

INTBAU LTD

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

The Trustees, who are also the Directors of the charitable company for the purposes of the Companies Act 2006, present their report with the financial statements of the charitable company for the year ended 31 March 2025. The Trustees have adopted the provisions of the Statement of Recommended Practice (SORP) ‘Accounting and Reporting by Charities’ (FRS102) issued in January 2019.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

6861677 (Registered in England and Wales)

Registered Charity number

1132362

Registered Office

19-22 Charlotte Road Shoreditch London EC2A 3SG

Royal Founding Patron

His Majesty the King Charles III

Trustees

C Aslet M R Gunn Prof T Jele ń ski The Rt Hon Lord N Lamont A Sagharchi T Abernathy M Cusato Dr A I Kahera J A Hewitt (Appointed 28 January 2025)

Company Secretary

E H H Wennberg A Lamont-Bishop (Resigned 3 March 2025)

Independent Auditor

Bankers

WP Audit Services LLP North House, 198 High Street Tonbridge Kent TN9 1BE

Barclays Bank Plc

Moorgate Branch 128 Moorgate London EC2M 6SX

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REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

INTBAU LTD

STRUCTURE, GOVERNANCE AND MANAGEMENT

Structure

INTBAU Ltd is a company limited by guarantee, governed by its Memorandum and Articles of Association dated 27 March 2009 and amended in a special resolution dated 29 September 2017.

INTBAU operated as an unincorporated organisation from 11 December 2002. On 6 April 2009, the assets of the unincorporated organisation were transferred into the charitable company.

On 13 March 2019 the company changed its name from International Network for Traditional Building, Architecture and Urbanism (UK) to INTBAU Ltd.

Governance

There must be at least three Trustees, and they are recruited by resolution of the existing Trustees on the basis of their knowledge of the built environment, or their fundraising, educational, or business experience.

In line with Charity Commission guidance, new Trustees are made aware of their roles and responsibilities and inducted into the different activities and services provided by INTBAU. Prior to their appointment, new Trustees meet with the Chair. New Trustees receive all relevant documents, following their review of which they have a meeting with the Company Secretary, who is also the charity’s Executive Director.

The Board of Trustees are aware of the Charity Governance Code and are reviewing how to implement its key recommended practices.

Management

The Board of Trustees meets at least four times a year to approve the policy and the overall strategic direction of the organisation’s work. Day to day management of the organisation is the responsibility of the Company Secretary. Remuneration of key management personnel is set by the Trustees.

The INTBAU Council of Chapters (currently 43 Chapters) is formed of one representative of each Chapter. It is central to INTBAU’s purpose and activity and is an advisory body which takes active interest and leadership in policy, strategy, and INTBAU’s mission, vision, and activity. The College of Chapters is led by a Management Team, and its Chair serves de facto as a Trustee of INTBAU.

The INTBAU Chapters are separate legal entities, established in the countries where they operate. The balances and disclosures contained in these financial statements are for the charitable company only and are not consolidated with (any of) the Chapters.

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REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

Management of Risks and Uncertainties

At each quarterly meeting the Trustees consider and review, as an ongoing process, the major risks to which the organisation is exposed and its control systems, with particular reference to those risks that could potentially prevent the organisation from achieving its principal objectives. These have been identified as the loss of support from key donors, cyber security, and the injury or death of a participant in an INTBAU project outside of the UK. Control and mitigation activities include diversifying sources of income, implementing a longer-term financial plan, seeking expert advice, retaining quality IT support, conducting risk assessments, and developing travel policies. Any risk facing the charity is also raised and discussed at quarterly Trustees meetings throughout the year.

OBJECTS AND ACTIVITIES

INTBAU’s work is in four strands: grant-giving; education; advocacy; and research. The Board of Trustees are focused on how INTBAU can strengthen and expand its work in these areas.

The objectives of the charity are:

The charity has had due regard to guidance on public benefit issued by the Charity Commission in planning its charitable activities. INTBAU offers educational programmes to the general public interested in the traditional built environment. Each year INTBAU organises practical and academic events on themes related to its mission for architects, academics, craftspeople, designers, students and the general public.

Activities

The activities of the charity are focused on:

Grants – Launched in 2023, INTBAU awards Grassroots Grants (up to £5,000) and Chapter Grants (up to £2,500). An open call is launched for expressions of interest in receiving a Grassroots Grant. These expressions of interest are reviewed and those found to be a good fit with the programme are invited to submit a full application. A committee formed of Trustees, Chapter representatives, and staff meets to develop a shortlist of the strongest applications. Committee members then conduct interviews with

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INTBAU LTD

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

the shortlisted candidates, before a final meeting to confirm the final selection of grantees. A call for applications for Chapter Grants is circulated on INTBAU’s communications channels with all Chapters. A committee (which is the same as that for Grassroots Grants bar one member) meets to review applications and either shortlists proposals for interview or reaches consensus on final allocation in the first meeting.

Education – INTBAU organises a range of education programmes across its network each year, as a way of bringing people together to learn and achieve practical outcomes. These include summer schools, workshops, conferences, seminars, webinars, exhibitions, competitions, and scholarships.

Advocacy – INTBAU promotes the relevance of traditional building, architecture, and urbanism in the context of today’s urgent challenges. Foremost amongst advocacy work is the INTBAU World Congress, which is a biennial event that has run since 2015, as a forum for discussion of the most pressing issues facing the built environment in communities around the world. These events are organised as a conference with a series of side events and accompanying awards, with programmes designed to expand the reach of INTBAU’s audience and to increase awareness and understanding of the essential role traditional building, architecture, and urbanism can play in addressing the three biggest challenges affecting the built environment: namely, rapid urbanisation, globalisation, and climate change.

Research – This fourth strand is currently in development, with plans to be implemented in 2025/26 such as the sponsorship of a PhD and the commissioning of and collaboration on smaller scale pieces of research deemed to be of more urgent relevance.

Spanish projects - INTBAU’s chapter in Spain runs a series of annual projects focused on architectural and building traditions across the Iberian peninsula. These include awards, design competitions, apprenticeships, a seminar, a journal, and a summer school. INTBAU receives the funds for completion of the projects in Spain, and further grants these funds subject to an agreement with our Spanish charitable partners for the carrying out of project work. Charitable partners in Spain report to INTBAU on activities on a quarterly and annual basis.

Membership - As a network, membership is a fundamental part of INTBAU’s structure and activities. We offer free general membership to anyone who agrees with the principles in our Charter. Professional membership is peer-reviewed, with a group for established practitioners in architecture, craft, academia, and urban design, and another for emerging practitioners.

ACHIEVEMENTS AND PERFORMANCE

In the 2024/25 financial year, INTBAU remained financially stable while continuing established activities and developing several new initiatives.

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REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

INTBAU LTD

INTBAU’s main projects:

INTBAU Summer Schools

INTBAU continued to support chapter-delivered summer schools with a centrally coordinated marketing offer. INTBAU also supported representatives of the growing range of summer schools to come together and celebrate the combined offer.

INTBAU Summer Schools Incubator

INTBAU ran a programme supporting the growth of new summer schools in established INTBAU chapters. This programme supported representatives of potential new summer schools to engage with their contemporaries with successful programmes, learning how they might implement their own programmes to best effect.

Climate Volunteers Workshops

INTBAU worked with INTBAU Pakistan, the Heritage Foundation of Pakistan and the Jeffrey Cook Charitable Trust to identify new activities to finalise the project partnership begun in 2022/23. This involved seeking proposals from past programme participants for how they would implement their learnings from Pakistan in their home context or another context. One grant has been awarded so far.

Grassroots Grants

INTBAU finalised allocations of the inaugural year of its £25,000 Grassroots Grants programme, awarding up to £5,000 to innovative ideas focused on harnessing the power of traditional building, architecture, and urbanism to improve built environments in line with 21[st] century needs around the world. After review of the first year of the programme and consideration of its financial status, INTBAU launched a second call for expressions of interest which has since resulted in the awarding of six further Grassroots Grants.

Chapter Grants

INTBAU finalised allocations of its inaugural £15,000 for small grants to Chapters, for amounts up to £2,500 in support of an idea that will further INTBAU’s mission and their Chapter’s presence on the ground. After review of the first year of the programme and subject to funding, INTBAU launched a second round of funding and has awarded a further seven Chapter Grants.

The Presence of Past Disasters Two-Part Conference

In partnership with the Ax:son Johnson Foundation, INTBAU delivered two conferences examining the role that disasters play in determining today’s built environments. The first took place in Cambridge in May 2024 in partnership with the Ax:son Johnson Centre for the Study of Classical Architecture, and the second at Engelsberg in Sweden in September 2024.

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INTBAU LTD

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

Follow on work via partnerships with chapters

INTBAU sought opportunities to collaborate with chapters in the post-disaster space on research and programmatic activity. A number of INTBAU chapters are active in countries affected by large-scale disasters and are actively seeking opportunities to ensure that traditional building, architecture and urbanism remains at the centre of planning in a post-disaster context.

Architecture of Place: In Conversation With…

A series of webinars took place in partnership with the ICAA and the King’s Foundation in interview format.

Award for Emerging Excellence in the Classical Tradition

The annual award was presented to a young practitioner, in partnership with the ICAA and the King’s Foundation. This opportunity is particularly key to INTBAU’s Young Practitioners group. The recipient is automatically accepted into this peer-reviewed group.

Policy on Reserves

It is the charity’s policy to maintain sufficient unrestricted reserves to cover six months’ overhead expenditure. At 31 March 2025 there was an unrestricted free reserves balance of £485,972 (2024: £170,365) (unrestricted funds excluding fixed assets). Given the highly competitive nature of fundraising and INTBAU’s reliance on a smaller number of major donors, trustees are comfortable holding reserves in excess of charity policy. INTBAU is working to diversify its income sources and will revisit its policy on reserves accordingly as the charity continues to grow.

Principal Sources of Funding

INTBAU’s sources of income are: project revenue, private donations, membership fees and corporate sponsorship.

FUNDRAISING PRACTICES

All fundraising is carried out by INTBAU staff and Trustees and does not include the involvement of professional fundraisers or commercial participators. There are three components to INTBAU’s fundraising approach.

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REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

  1. Individual donors – this includes approaches to persons known to the charity and the charity’s Trustees, for large or small amounts. Individual donors are approached for unrestricted funds where possible, to cover core costs.

  2. Project income – this is divided into two parts: first, stipends that INTBAU receives for its work on projects and activities initiated by other entities; second, sponsorship and other revenue generated through an INTBAU-initiated project or activity.

  3. Membership fees – INTBAU actively recruits new professional members in order to increase revenue from membership fees. This has the added benefit of also increasing the charity’s connections to practitioners who can support projects and attend events.

In order to protect vulnerable people and other members of the public, the charity does not approach individuals to whom it has no connection for donations. Where approaches are made and no response is received, a maximum of two follow-up messages will be sent. Where a negative response is received, no further messages are sent.

The charity is registered with the Information Commissioner’s Office for the correct handling of personal details and operates in compliance with the General Data Protection Regulation.

FUTURE PLANS

INTBAU’s work will continue to focus on expanding and strengthening impact within the charity’s four pillars of grant-giving, education, advocacy, and research. In consultation with Chapters and the Board of Trustees, INTBAU will establish three themes within these four pillars, such as empowerment of emerging generations of practitioners and post-disaster reconstruction. In addition to continuing annual projects, INTBAU will plan the following in 2025/26.

INTBAU Summer Schools

INTBAU will continue to support chapter-delivered summer schools with a centrally coordinated marketing offer and the implementation of a framework for ever-higher standards of quality.

World Congress

INTBAU has delivered its fifth World Congress focused on Progress in Tradition. Alongside the conference the launch of a publication marked 25 years of INTBAU’s existence – which in turn has launched a year of celebrations and related events.

Climate Volunteers Workshops

INTBAU will work with INTBAU Pakistan, the Heritage Foundation Pakistan and the Jeffrey Cook Trust to award one final grant or deliver one final project on the ground in Pakistan or another location.

Grassroots Grants

INTBAU will follow up and seek reporting from grantees awarded for their innovative ideas focused on harnessing the power of traditional building, architecture, and urbanism to improve built

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INTBAU LTD

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

environments in line with 21[st] century needs, around the world. Following the first two years of the programme, INTBAU is conducting an audit of impact and success, to determine if the same call should be issued for a third round of grants or if adjustments should be made.

Chapter Grants

INTBAU will finalise allocation, follow up and seek reporting from grantees on its £15,000 small grants scheme for Chapters, all awarded for ideas that will further INTBAU’s mission and their Chapter’s presence on the ground. Following the first two years of the programme, INTBAU is conducting an audit of impact and success, to determine if the same call should be issued for a third round of grants or if adjustments should be made.

Hatay Municipality Guest House

INTBAU intends to join partners in Turkey in a project to restore a guest house of heritage significance in the historic core of Antakya in Hatay, Turkey. This will be a key initiative in INTBAU’s developing work in the post-disaster reconstruction field.

Architecture of Place: In Conversation With…

A series of webinars will take place in partnership with the ICAA and the King’s Foundation in interview format.

Award for Emerging Excellence in the Classical Tradition

The next annual award will be presented to a young practitioner, in partnership with the ICAA and the King’s Foundation. This opportunity is particularly key to INTBAU’s Young Practitioners group. The recipient will automatically be accepted into this peer-reviewed group.

FINANCIAL REVIEW

During the financial year ended 31 March 2025 INTBAU raised income of £1,588,795 (2024: £254,632) of which £1,075,744 (2024: £40,426) were restricted funds. The main source of income was private donations with contributions in income from projects and membership fees. Resources expended for the year totalled £910,789 (2024: £904,040).

A significant increase in income this year is a result of the timing of large, regular, annual donations. There were two contributions from the Driehaus Trust received within a single financial year.

At 31 March 2025 INTBAU had unrestricted reserves of £423,136 (2024: £170,365).

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REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

INTBAU LTD

STATEMENT OF TRUSTEES’ RESPONSIBILITIES

The Trustees are responsible for preparing the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice.

Company law requires the Trustees to prepare financial statements for each financial year. Under that law the Trustees have elected to prepare the financial statements in accordance with the United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the surplus or deficit of the charitable company for that period. In preparing those financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company’s transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and 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 hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime in Part 15 of the Companies Act 2006.

Disclosure of information to auditors

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

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INTBAU LTD

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

Approved by the Trustees and signed on their behalf by:

Alireza Sagharchi Chair

Date: 23 December 2025

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INTBAU LTD

INDEPENDENT AUDITORS’ REPORT TO THE MEMBERS FOR THE YEAR ENDED 31 MARCH 2025

Opinion

We have audited the financial statements of INTBAU Ltd (the ‘charitable company’) for the year ended 31 March 2025 which comprise the statement of financial activities, balance sheet, statement of cashflows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe 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 charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information. 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.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with

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INTBAU LTD

INDEPENDENT AUDITORS’ REPORT TO THE MEMBERS FOR THE YEAR ENDED 31 MARCH 2025

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.

Opinions on other matters prescribed by the Companies Act 2006

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

Matters on which we are required to report by exception

In the light of the 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 directors’ report included within the trustees’ report.

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

Responsibilities of trustees

As explained more fully in the trustees’ responsibilities statement set out on page 9, 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 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 charitable company or to cease operations, or have no realistic alternative but to do so.

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INDEPENDENT AUDITORS’ REPORT TO THE MEMBERS FOR THE YEAR ENDED 31 MARCH 2025

INTBAU LTD

Auditor’s 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 auditor’s 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.

We obtained an understanding of the legal and regulatory framework applying to the charitable company, and the procedures that management adopt to ensure compliance, and have considered the extent to which non-compliance might have a material effect on the financial statements, and in particular we identified: the Companies Act 2006, FRS102 and the Charities SORP.

We have also identified other laws and regulations that do not have a direct effect on the amounts or disclosures within the financial statements, but for which compliance is fundamental to the charity’s operations and to avoid material penalties, including employment law, health and safety law, GDPR and data protection regulations.

Having reviewed the laws and regulations applicable to the charity, we designed and performed audit procedures to obtain sufficient appropriate audit evidence. Specifically, we:

We assessed the susceptibility of the charity’s financial statements to material misstatement, including considering how fraud might occur. This was performed by:

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INTBAU LTD

INDEPENDENT AUDITORS’ REPORT TO THE MEMBERS FOR THE YEAR ENDED 31 MARCH 2025

We then designed audit procedures in response to the risks identified, including performing substantive testing on all material income streams, reviewing restricted income and expenditure, reviewing journal entries and accounting estimates, and reviewing cost allocations.

The audit has been planned and performed in such a way as to best identify risks of material misstatement, however the inherent limitations of audit procedures means that there remains a risk that material misstatements may not be identified. In particular we are aware of the inherent difficulties in detecting irregularities, and irregularities that result from fraud may be more difficult to detect than irregularities that result from error, due for example, to override of controls, collusion or misrepresentations. In addition, the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we are to become aware of it.

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

Other matters

The prior period financial statements and the corresponding comparative figures included within these financial statements were not audited.

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. 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 auditor’s 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, the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

James Mathieson FCA (Senior Statutory Auditor) for and on behalf of WP Audit Services LLP

Statutory Auditor North House 198 High Street Tonbridge Kent TN9 1BE Date: 23 December 2025

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INTBAU LTD STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT)

FOR THE YEAR ENDED 31 MARCH 2025

Notes
Income from:
Donations
Charitable activities
Investment income
Other income
Total income
2
Expenditure on:
Raising funds
Charitable activities
Total expenditure
3
Net income (expenditure)
7
Transfers between funds
Net movement in funds
Reconciliation of funds:
Funds brought forward at 31 March 2024
Funds carried forward at 31 March 2025
11		 Unrestricted
Funds
2025
Restricted
Funds
2025
Total
Funds
2025
Total
Funds
2024
£
£
£
£
496,282
1,075,744
1,572,026
237,483
12,150
-
12,150
17,128
3,816
3,816
-
803
-
803
21
513,051
1,075,744
1,588,795
254,632
5,723
-
5,723
6,507
254,557
650,509
905,066
897,533
260,280 650,509910,789904,040
252,771
425,235
678,006
(649,408)
-
-
-
-
252,771
425,235
678,006
(649,408)
170,365
25,903
196,268845,676
423,136
451,138
874,274
196,268

The statement of financial activities includes all gains and losses recognised in the period.

All income and expenditure derives from continuing activities.

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INTBAU LTD BALANCE SHEET

FOR THE YEAR ENDED 31 MARCH 2025

Notes
Fixed assets
Intangible assets
8
Current assets
Debtors
9
Cash at bank and in hand
Liabilities
Creditors: amounts falling due within one year
10
Net current assets
Total net assets
The funds of the charity:
General fund
Designated funds
Restricted funds
11		 2025
£
-
17,173
896,042
913,215
(38,941)
874,274
874,274
398,136
25,000
451,138
874,274		 2024
£
-
16,255
240,479
256,734
(60,466)
196,268
196,268
137,465
32,900
25,903
196,268

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime in Part 15 of the Companies Act 2006.

The financial statements were approved by the Board of Trustees on 23 December 2025 and were signed on its behalf by:

Alireza Sagharchi

Chair of the Board of Trustees

Company number: 6861677

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INTBAU LTD STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 MARCH 2025

Notes
Cash flows from operating activities:
Net cash provided by operating activities
A
Change in cash and cash equivalents for the year
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
A. Reconciliation of net income / (expenditure) to net cash flow from
operating activities
Net surplus/(deficit) for the year
As per statement of financial activities
Adjustments for:
(Increase)/decrease in debtors
Decrease in creditors
Net cash provided by operating activities		 2025
£
655,563
655,563
240,479
896,042
678,006
( 918)
( 21,525)
655,563		 2024
£
32,218
32,218
208,261
240,479
( 649,408)
704,801
( 23,175)
32,218

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INTBAU LTD NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

1.1 Basis of preparation

The financial statements have been prepared in accordance with "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) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

INTBAU Ltd 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 note(s).

The financial statements are presented in Pounds Sterling, and are rounded to the nearest pound.

1.2 Going concern

There are no material uncertainties about the charity's ability to continue, and so the going concern basis of accounting has been adopted.

1.3 Company status

INTBAU Ltd is a charitable company limited by guarantee incorporated in England and Wales. The address of the registered office is 19-22 Charlotte Road, London, EC2A 3SG. At the balance sheet date the members of the company are the trustees named on page 1. The charity is controlled equally by the trustees. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £10 per member of the charity.

1.4 Income recognition

Income is the amount derived from the provision of goods and services, and stated net of VAT.

Income from donations and grants is recognised when the charity is entitled to the funds, the receipt is probable and the amount can be measured reliably. For donations, this is usually on receipt. For grants, this is usually when a formal offer is made in writing, unless the grant contains terms and conditions outside of the charity's control which must be met before the charity is entitled to the funds. Where course fees or grants are received in advance of a service to be provided, the income is deferred until the charity is unconditionally entitled to it. Where the donor has specified the use of the money, income is treated as restricted funds and is matched against the related expenditure.

Where professional services have been donated to the charity, these have been quantified at the value they represent to the charity.

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INTBAU LTD NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies - continued

1.5 Expenditure

Expenditure is recognised when a present, legal or constructive obligation exists at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefits will be required to settle the obligation, and the amount can be measured or estimated reliably.

Expenditure is stated gross of irrecoverable VAT and has been classified under headings that aggregate all costs related to the category. Resources expended are analysed between the following headings:

Raising funds - representing the direct costs of raising funds.

Charitable activities - representing the direct costs of the operational charitable programmes, and the costs incurred to support the operational programmes.

Staff costs have been allocated on the basis of an estimate of time devoted by each member of staff to each area of activity. Support costs have been allocated across charitable activities on the basis of staff and direct costs.

1.6 Intangible fixed assets

Fixed assets are stated at cost less amortisation. Amortisation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Website - 20% on cost

1.7 Debtors

Fees receivable are recognised at the settlement amount due. Prepayments are recognised at the invoiced cost prepaid.

1.8 Creditors

Creditors are recognised when a present legal or constructive obligation exists at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefits will be required to settle the obligation, and the amount can be estimated reliably. Creditors are recognised at their settlement value.

1.9 Financial instruments

The charity only has financial instruments 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.

19

INTBAU LTD NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies - continued

1.10 Fund accounting

The charity maintains two types of fund:

General unrestricted funds are those which can be used in accordance with the charitable objects at the discretion of the Trustees.

Restricted funds are donations, sponsorship or grants given for a specific piece of work or area of activity, and are only matched against the costs of delivering that work or activity.

1.11 Foreign currency transactions

Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets denominated in foreign currencies are translated at the rate ruling at the balance sheet date.

1.12 Pension contributions

The charity was making defined contributions into an employee private pension scheme in the year. Contributions have been charged to the statement of financial activities as they become payable in accordance with contract terms.

2 Income

Grants & donations
Charitable activities
ICTP and INTBAU membership fees
Summer School fees
Investment income
Bank interest
Other income
Sales of books and notecards
Total income		 2025
£
1,572,026
12,150
-		 2024
£
237,483
10,659
6,469
12,150
3,816
803		 17,128
-
21
1,588,795 254,632

The prior period includes £40,426 of restricted donations for Climate Volunteers Pakistan.

20

INTBAU LTD NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

3 Expenditure

Raising funds
Staff costs
Charitable activities costs
Events and projects
Spanish projects
Membership
World Congress
Total expenditure		 Staff costs
(Note 6)
Direct costs
(Note 4)
Support
costs
(Note 5)
£
£
£
60,192
108,657
26,600
2,862
589,514
93,322
18,102
(300)
2,804
2,862
-
451		 2025
£
5,723		 2024
£
6,507


Total
2025
£
195,449
685,698
20,606
3,313		 Total
2024
£
98,920
765,516
25,741
7,356
84,018
697,871
123,177		 905,066 897,533
910,789 904,040

Total expenditure

The prior period includes £725,609 of restricted expenditure.

21

INTBAU LTD NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

4 Direct costs

Travel and subsistence
Consultancy fees
Marketing & promotions
Sundry expenses
Award prize money
Exhibition and events costs
Grants paid - Spanish projects
Grants paid
Note 11
Summer school & workshop expenses
Cambridge Project expenses
Website & IT costs
Office costs
Bad debt
Exchange differences		 2025
£
-
-
-
-
6,446
-
605,543
47,900
-
38,282
-
-
(300)
-		 2024
£
35,630
213,102
1,947
2,226
54,309
68,213
318,926
7,100
14,316
-
11,981
8,436
1,673
184
697,871 738,043

Grants paid for the Spanish projects includes €695,000 (2024: €358,843) paid to the Traditional Building Cultures Foundation in Spain to support initiatives in Spain and Portugal.

5 Support costs

Staff costs
Bookkeeping fees
Office costs
Travel and subsistence
Marketing & promotions
Exchange differences & bank charges
Website & IT costs
Sundry expenses
Governance costs
Legal and professional fees
Accountancy fees
Audit fees		 2025
£
62,181
3,190
15,485
3,735
210
10,387
9,102
2,566
7,623
1,498
7,200		 2024
£
29,216
3,270
14,403
4,308
1,414
12,976
2,416
3,745
-
4,321
-
123,177 76,069

22

INTBAU LTD NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

6
Staff costs
2025
£
Wages and salaries
84,984
Seconded staff
57,232
National insurance
3,887
Employer's pension contributions
5,819
151,922
No employees earned over £60,000 during the period.
2025
No.
Management and administration
3
7
Net income (expenditure)
2025
£
Net income (expenditure) is stated after charging:
Independent examination fee
-
Independent examiners' accountancy fees
-
Auditor's remuneration for audit services
7,200
Auditor's remuneration for non-audit services
1,498
The average number of employees during the period, analysed by
function, was:		 2025
£
84,984
57,232
3,887
5,819		 2024
£
96,664
12,212
6,460
3,808
151,922 119,144
2024
No.
4
2025
£
-
-
7,200
1,498		 2024
£
3,655
666
-
-

Trustees are eligible to be reimbursed for travel and incidental expenses incurred in the performance of their duties, and during the year no trustee was reimbursed (2024: no trustee reimbursed). None of the trustees received any remuneration in the current or previous periods.

23

INTBAU LTD NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

8
Intangible fixed assets
Cost
At 1 April 2024 and 31 March 2025
Amortisation
At 1 April 2024
At 31 March 2025
Net book value
At 31 March 2025
At 31 March 2024
9
Debtors
Trade debtors
Accrued income
Prepayments
10
Creditors: amounts falling due within one year
Accruals and deferred income
Other taxation and social security
Other creditors		 Website
£
12,200		 Total
£
12,200
12,200 12,200
12,200 12,200
12,200 12,200
- -
- -
2025
£
-
12,150
5,023		 2024
£
3,200
-
13,055
17,173 16,255
2025
£
31,265
3,053
4,623		 2024
£
58,915
-
1,551
38,941 60,466

24

INTBAU LTD NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

10 Creditors: amounts falling due within one year - continued

Deferred income included above:

Brought forward
Released in year
Incoming resources deferred in current period		 2025
£
50,000
(50,000)
-		 2024
£
40,426
(40,426)
50,000
- 50,000

Deferred income relates to agreements where there is an explicit or implied time condition and therefore income is recognised over this timescale.

11 Movement on funds

Current year
Restricted funds:
Spanish Projects
British Council - Gender
grants
Climate Volunteers
Pakistan
Ax:son Johnson Post-
Disaster Reconstruction
Conference
Unrestricted funds:
General fund
Designated funds:
Grassroots grants
Chapter grants
Total funds		 1 April
2024
Income
Expenditure
Transfers
£
£
£
£
1,860
1,025,744
(598,448)
-
8,590
-
(8,590)
-
15,453
-
(5,153)
-
-
50,000
(38,318)
-		 31 March
2025
£
429,156
-
10,300
11,682
25,903
1,075,744
(650,509)
-		 451,138
137,465
513,051
(212,380)
(40,000)
-
25,000
-
(25,000)
25,000
7,900
-
(22,900)
15,000		 398,136
25,000
-
32,900
-
(47,900)
40,000		 25,000
196,268
1,588,795
(910,789)
-		 874,274

25

INTBAU LTD NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

11 Movement on funds - continued

Prior year
Restricted funds:
Spanish Projects
British Council - Gender
grants
Climate Volunteers
Pakistan
Unrestricted funds:
General fund
Designated funds:
Grassroots grants
Chapter grants
Total funds		 1 April
2023
Income
Expenditure
Transfers
£
£
£
£
702,496
-
(700,636)
-
8,590
-
-
-
-
40,426
(24,973)
-		 31 March
2024
£
1,860
8,590
15,453
711,086
40,426
(725,609)
-		 25,903
134,590
214,206
(171,331)
(40,000)
-
-
-
25,000
-
-
(7,100)
15,000		 137,465
25,000
7,900
-
-
(7,100)
40,000		 32,900
845,676
254,632
(904,040)
-		 196,268

Spanish Projects - This represents five initiatives in Spain to preserve and promote traditional placemaking and building arts, for which the charity is fiscal manager and a project supervisor.

British Council - Funds were received for the Gender Grants project. This project is undertaken to review and support the role of women in architecture and its related industries.

Climate Volunteers Pakistan - Funds were received for the Climate Volunteers Pakistan project to provide workshops on low carbon architecture and building, climate change adaptation, and disaster mitigation.

Ax:son Johnson Post-Disaster Reconstruction Conference - Funds were received for part one of a twopart Conference on Post-Disaster Reconstruction following recent and ongoing natural and humancaused disasters.

Grassroots Grants - This designated fund is allocated for small grant programmes for ideas from individuals and groups that are focused on harnessing the power of traditional building, architecture, and urbanism to improve the built environments in line with 21st Century needs, around the world.

26

INTBAU LTD NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

11 Movement on funds - continued

Chapter Grants - This designated fund is allocated for small grants to be issued for Chapters to apply for amounts up to £2,500 to support ideas that will help further INTBAU's mission and their Chapter's presence on the ground.

12 Analysis of net assets between funds

Fixed assets
Current assets
Current liabilities
Fixed assets
Current assets
Current liabilities
13
Related party transactions
Remuneration of key management		 Restricted Unrestricted
2025
2025
£
£
-
-
451,138
462,077
-
( 38,941)		 Total
2025
£
-
913,215
( 38,941)
451,138
423,136		 874,274
Restricted Unrestricted
2024
2024
£
£
-
-
25,903
230,831
-
( 60,466)		 Total
2024
£
-
256,734
( 60,466)
25,903
170,365		 196,268
2025
£
77,735		 2024
£
75,648

The key management personnel are considered to be the trustees and the Executive Directors.

There were no Trustees' remuneration, reimbursed expenses or other benefits during the current or preceding period.

There were no other related party transactions during the year.

27