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← British Association For Supported Employment

2025-03-31-accounts

Charity registration number 1136395 (England and Wales)

Company registration number 05794990

BRITISH ASSOCIATION FOR SUPPORTED EMPLOYMENT ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

BRITISH ASSOCIATION FOR SUPPORTED EMPLOYMENT

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Julia Green
Lee Edward Corless
Alexandra Seddon
Ramsey Taylor
Petra Alexandra Kennedy
Alistair Kerr
David Stenning
Matthew Britt
Joanne Spurgeon
Shona Claydon
Neryssa Charman
Maurice George (appointed 17 September 2024)
Roshni Shrosbree (appointed 3 December 2024)
Charity number (England and Wales) 1136395
Company number 05794990
Principal address Aldershot Enterprise Centre
Room 15
14-40 Victoria Road
ALDERSHOT
GU11 1TQ
Registered office Aldershot Enterprise Centre
Room 15
14-40 Victoria Road
ALDERSHOT
GU11 1TQ
Independent examiner Craufurd Hale Audit Services Limited
C/O Craufurd Hale Group
Ground Floor, Arena Court
Crown Lane
MAIDENHEAD
SL6 8QZ

BRITISH ASSOCIATION FOR SUPPORTED EMPLOYMENT

CONTENTS

Page
Trustees report 1 - 6
Independent examiner's report 7
Statement of financial activities 8
Balance sheet 9
Notes to the financial statements 10 - 19

BRITISH ASSOCIATION FOR SUPPORTED EMPLOYMENT

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2025

The trustees present their annual report and financial statements for the year ended 31 March 2025.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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)".

Objectives and activities

The charity's objectives are in the following areas:

Our charitable objectives are:

a) to advance the education and training of people with disabilities and or other economic disadvantages so as to develop their vocational life skills and in particular the development of skills relevant to participation in employment;

b) the relief of unemployment for the benefit of the public in such ways as may be thought fit, including assistance to find employment.

The aims of the charity are to encourage the training and employment of people with disabilities as an effective route out of poverty.

Public benefit

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

Achievements and performance

Significant activities and achievements against objectives

During the financial year, BASE has worked diligently to further raise the profile of its mission: that good careers must be for all. The charity has actively influenced national policy and program implementation to advance education, training, and employment opportunities for disabled, neurodivergent, and disadvantaged people.

Strategic Influence and Government Engagement

BASE has maintained a strong presence across government expert reference groups and collaboration committees. Notably, the CEO and Trustees represent the charity on the Department for Work and Pensions (DWP) Expert Reference Group for the Connect to Work program. This engagement has directly supported the government’s investment in a funded Supported Employment Program across England and Wales, aligning with BASE’s mission. The charity continues to advise and support the successful implementation of Connect to Work throughout 2025/ 2026.

BASE also strengthened its relationship with the Department for Education through the Internships Work program, promoting employment pathways for young people with Education, Health and Care Plans (EHCPs) during transition.

The charity submitted evidence to DWP Select Committees focused on employment for disabled and neurodivergent people, with the CEO invited to speak at evidence sessions to expand on the charity’s recommendations.

BRITISH ASSOCIATION FOR SUPPORTED EMPLOYMENT

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Membership Growth and Sector Support

BASE continues to inform, support, and advise its members on a wide range of issues, with a membership of members at the end of March 2025. Engagement through the membership platform remains strong, with monthly Lunch & Learn sessions and drop-in events supporting sector development. Membership has grown steadily, reaching 344 as of March 2025, including a small but growing number of employers committed to BASE’s mission. BASE continues to have a growing presence on social media with 1276 followers on Facebook, 4109 followers on LinkedIn and 105 followers on the new Instagram account. We decided to remove the charities X account as it no longer aligned with our values. Data is stored and managed in line with GDPR requirements

BASE delivered Lunch & Learn sessions and drop-in sessions during the year, which were well attended by members, in addition to the regional meetings run by the representatives. The BASE members newsletter was sent to 1019 individuals from within our 344 member organisations in March 2025.

Events and Public Engagement

BASE held its Annual Conference in Manchester, which was sold out. For the first time, the charity hosted a Disability Confident in Action Business Summit alongside the main conference. The 2024 theme, Careers For All: Making It a Reality!, brought together over 500 delegates from business, education, social care, health, and policy sectors. Both events were CPD accredited, enabling delegates to evidence their learning.

BASE was also the chosen charity for Purple Socks Day in partnership with Parallel, leading up to the International Day for Persons with Disabilities on 3rd December. Through corporate support, a proportion of funds raised were allocated to a small grant fund for disabled and neurodivergent entrepreneurs, nominated by BASE members and partners. The charity aims to distribute all grants by the end of September 2025.

Research and Knowledge Building

BASE invested £11,000 into research through the Dr Mark Kilsby Program, strengthening the evidence base for Supported Employment and providing free resources for members. An indicative £89,000 is available for future research investment, with annual allocations agreed by Trustees based on available funds and in line with the charities reserves policy. A maximum of £20,000 per year would be made available subject to Trustee approval.

Training and Workforce Development

In partnership with Inclusive Trading CIC, BASE has continued to promote effective workforce training and development solutions. These initiatives support the sector in advancing employment opportunities for disabled, neurodivergent, and disadvantaged people. Inclusive Trading has developed tailored workforce solutions based on member needs and expanded its offer to employers, fostering direct employment opportunities and partnerships.

BASE also issued Supported Employment Quality Framework (SEQF) Kitemarks to providers meeting quality thresholds, reinforcing standards across the sector.

National and International Partnerships

BASE remains a trusted partner across sectors, with increasing requests to collaborate. The CEO sits on the Disability Confident Leaders and Practitioners Groups, chairs the Youth Employment Group’s Disability Subgroup, and represents BASE on the Access to Work Collaboration Group. Trustees have also contributed to employer-focused events and transition committees, supporting members as Connect to Work rolls out.

Internationally, BASE is recognised as a world leader in Supported Employment. The charity continues to contribute to the global evidence base and remains an active member of the Association for Supported Employment Europe, with a dedicated trustee serving on both boards.

BRITISH ASSOCIATION FOR SUPPORTED EMPLOYMENT

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Financial review

BASE has developed a membership growth strategy aligned with its charitable aims, supported by financial modelling to identify the membership levels required to reduce reliance on donations from Inclusive Trading CIC. While membership continues to grow steadily, current levels remain below the target needed for financial sustainability.

In addition, increased costs and overheads associated with growth mean that the membership target required for financial sustainability continues to rise.

Total income was down to £231,126 with a slight increase in expenditure from the previous years and a significantly lower net surplus of £11,615 (2024: £112,907). While this year’s results did not meet the previous year’s performance this is largely due to the reduction in income from donations, for example a large grant donation from Microsoft in the previous year. Income from donations fell from £233,794 to £112,366.

Going concern

The trustees have assessed the charity’s ability to continue as a going concern and are satisfied that the charity has adequate resources to continue in operational existence for the foreseeable future. This assessment has considered the charity’s current financial position, cash flow forecasts, income sources, and expenditure commitments.

While membership continues to grow steadily, current levels remain below the target needed for financial sustainability. However, the trustees are confident that ongoing support from Inclusive Trading CIC, combined with efforts to diversify income and expand membership, will enable the charity to meet its obligations as they fall due.

Accordingly, the financial statements have been prepared on a going concern basis. The trustees will continue to monitor financial performance closely and adapt plans as necessary to ensure long-term viability.

BRITISH ASSOCIATION FOR SUPPORTED EMPLOYMENT

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Reserves Policy

BASE holds unrestricted reserves to ensure financial stability, support strategic development, and manage risk. Reserves are defined as funds freely available for general use, excluding restricted income, designated funds, and fixed assets.

The Board of Trustees has set a target to maintain reserves equivalent to 6 months of core operating costs which is anticipated to be £90,000. This level reflects the charity’s current reliance on donations from Inclusive Trading CIC and the need to invest in membership growth and sector development.

Reserves may be used to:

The reserves position is reviewed quarterly by the Finance Subcommittee and annually by the Board as part of the budgeting process. Any use of reserves is subject to trustee approval and is reported in the charity’s financial statements.

The charity committed £11,000 to research initiatives aligned with its mission, resulting in valuable resources to support members. Additional funding was also provided to the Supported Business Group, exceeding income, in recognition of a pivotal period of engagement with Government to secure longer-term sector funding.

Risks

The charity remains reliant on donations from Inclusive Trading CIC, a financial risk that trustees continue to monitor closely, alongside efforts to grow membership and diversify income.

The National executive committee of trustees meets five times a year online and with at least one face to face meeting and review risks related to future income and priorities for 2025/2026

Risks Related to Future Income identified are:

Structure, governance and management

The charity is a company limited by guarantee. On winding up of the charity, every member of the association undertakes to contribute such an amount (not exceeding £1) to the assets while they are a member or within one year from after they cease to be a member.

Winding up can only commence by a resolution passed by 75% of the members present at a Extraordinary General Meeting.

Any property or funds that remain after all debts and liabilities have been settled shall not be distributed amount the members but shall be given or transferred to another entity with similar objectives.

BASE was established as a charitable company, incorporated on 25 April 2006 (amended by special resolutions on 28 April 2010 and 12 September 2012) and registered as a charity on 16 June 2010. The association is governed by a National Executive Committee comprising individuals elected on a regional basis by our membership. The NEC elected the national officers, a decision approved at our annual general meeting on 25 November 2020. The NEC for 2024/25 are detailed below.

BRITISH ASSOCIATION FOR SUPPORTED EMPLOYMENT

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Julia Green Lee Edward Corless Alexandra Seddon Ramsey Taylor Petra Alexandra Kennedy Alistair Kerr David Stenning Matthew Britt Joanne Spurgeon Shona Claydon Neryssa Charman Maurice George (Appointed 17 September 2024) Roshni Shrosbree (Appointed 3 December 2024) Dean Atkinson (Resigned 3 December 2024) Robert Elston (Resigned 10 December 2024) Rachel Jones (Resigned 5 April 2024)

Recruitment and appointment of trustees

None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.

Trustee appointments are made through BASE’s regional networks, where members nominate and vote for their regional representatives. The Chair, Vice Chair, and Treasurer are nominated by the National Executive Committee and elected by members at the Annual General Meeting (AGM), in line with the charity’s Memorandum and Articles.

The 2025 AGM was held online on 10th September, and current office holders were approved by members. However, feedback from trustees and members has highlighted that the annual election cycle can conflict with the need for leadership stability. Trustees therefore propose amending the Memorandum and Articles to introduce a three-year election cycle, with this change to be presented at the 2025 AGM.

The CEO is responsible for the day-to-day operations of the charity, with delegated authority for spending up to £10,000. The Chair and Vice Chair maintain regular contact outside formal meetings to ensure the charity remains well-led, effectively managed, and financially sustainable.

The National executive committee of trustees meets five times a year online and with at least one face to face meeting and review risks related to future income and priorities for 2025/2026.

BRITISH ASSOCIATION FOR SUPPORTED EMPLOYMENT

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

At the end of 2024-25, the association employed six members of staff; the Chief Executive, Laura Davis, Operation Manager Nerise Oldfield-Thompson, Membership, marketing and comms Manager – Gillian Parker admin assistant David Palmer, Liz Mellor Training Manager and Internships works project manager Lily Beyer.

The activities of the British Association for Supported Employment (BASE) are appropriate to the meeting of our charitable objectives. The focus of our work is to ensure that high quality supported employment services are available to support people with significant needs to access and retain paid employment. We do this primarily through:

Acting as an umbrella body for service provision within thus sector

Providing advice, guidance and support to service providers, employer, disabled people and their families Supporting the development of new services and supporting existing providers to improve the quality of their services

Engaging with policy makers and commissioners to ensure that provision is adequately designed and resourced

Providing training courses and organising events to ensure that practitioners have the opportunity to develop their skills

Working in partnership with other stakeholders to further the education, training and employment of disabled people

BASE is a registered company governed by Memorandum and Articles which are available to members on our website at https://www.base-uk.org/sites/default/files/pdfs/base_ma_sept2012.pdf.

Statement of Trustees responsibilities

The trustees, who are also the directors of British Association for Supported Employment for the purpose of company law, are responsible for preparing the Trustees Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity 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 charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees report was approved by the Board of Trustees.

.............................. .............................. Julia Green Alexandra Seddon

Date:13[th] November 2025 .............................................

BRITISH ASSOCIATION FOR SUPPORTED EMPLOYMENT

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF BRITISH ASSOCIATION FOR SUPPORTED EMPLOYMENT

I report to the trustees on my examination of the financial statements of British Association for Supported Employment (the charity) for the year ended 31 March 2025.

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the purposes of company law), you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006.

Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and 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 financial statements to be reached.

Paul Fagan FCCA Craufurd Hale Audit Services Limited C/O Craufurd Hale Group Ground Floor, Arena Court Crown Lane MAIDENHEAD SL6 8QZ 13/11/2025 Date: ............................

BRITISH ASSOCIATION FOR SUPPORTED EMPLOYMENT

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2025

Unrestricted
Restricted
funds
funds
2025
2025
Notes
£
£
Income from:
Donations and legacies
3
93,908
18,458
Charitable activities
4
115,764
2,996
Total income
209,672
21,454
Expenditure on:
Charitable activities
5
206,240
13,271
Other expenditure
10
-
-
Total expenditure
206,240
13,271
Net income and movement in funds
3,432
8,183
Reconciliation of funds:
Fund balances at 1 April 2024
328,203
-
Fund balances at 31 March 2025
331,635
8,183		 Total
Unrestricted
funds
2025
2024
as restated
£
£
112,366
233,794
118,760
96,417
231,126
330,211
219,511
215,966
-
1,338
219,511
217,304
11,615
112,907
328,203
215,296
339,818
328,203		 Total
Unrestricted
funds
2025
2024
as restated
£
£
112,366
233,794
118,760
96,417
231,126
330,211
219,511
215,966
-
1,338
219,511
217,304
11,615
112,907
328,203
215,296
339,818
328,203
330,211
215,966
1,338
217,304
112,907
215,296
328,203

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

BRITISH ASSOCIATION FOR SUPPORTED EMPLOYMENT

BALANCE SHEET

AS AT 31 MARCH 2025

2025 2024
as restated
Notes £ £ £ £
Fixed assets
Intangible assets 12 1,245 4,978
Tangible assets 13 321 799
1,566 5,777
Current assets
Debtors 14 69,452 41,341
Cash at bank and in hand 551,643 425,762
621,095 467,103
Creditors: amounts falling due within 15
one year (282,843) (144,677)
Net current assets 338,252 322,426
Total assets less current liabilities 339,818 328,203
The funds of the charity
Restricted income funds 17 8,183 -
Unrestricted funds 18 331,635 328,203
339,818 328,203

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2025.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the trustees on ......13[th] November 2025 ...................

............ ........... ................... .................. Julia Green Alexandra Seddon Trustee Trustee

Company registration number 05794990 (England and Wales)

BRITISH ASSOCIATION FOR SUPPORTED EMPLOYMENT

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies

Charity information

British Association for Supported Employment is a private company limited by guarantee incorporated in England and Wales. The registered office is Aldershot Enterprise Centre, Room 15, 14-40 Victoria Road, ALDERSHOT, GU11 1TQ.

1.1 Basis of preparation

The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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)". The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities not to prepare a statement of cash flows.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Prior period error

The comparative figures for donations and legacies, charitable activities / support costs, and creditors: amounts falling due within one year have been restated as detailed in note 2 to include accrued costs not previously recognised and the deferred income recognised against this cost. The effect of the restatement is detailed in note 2.

1.3 Going concern

The trustees have assessed the charity’s ability to continue as a going concern and are satisfied that the charity has adequate resources to continue in operational existence for the foreseeable future. This assessment has considered the charity’s current financial position, cash flow forecasts, income sources, and expenditure commitments.

While membership continues to grow steadily, current levels remain below the target needed for financial sustainability. However, the trustees are confident that ongoing support from Inclusive Trading CIC, combined with efforts to diversify income and expand membership, will enable the charity to meet its obligations as they fall due.

Accordingly, the financial statements have been prepared on a going concern basis. The trustees will continue to monitor financial performance closely and adapt plans as necessary to ensure long-term viability.

1.4 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.5 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

BRITISH ASSOCIATION FOR SUPPORTED EMPLOYMENT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

Income from memberships is recognised on a straight-line basis over the term of the membership. Memberships received in advance are deferred and are included within creditors.

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

1.7 Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation.

Amortisation is recognised so as to write off the cost of assets over their useful lives on the following bases:

Brand 33% straight line method

1.8 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation.

Depreciation is recognised so as to write off the cost of assets over their useful lives on the following bases:

Plant and equipment 33% straight line method Computers 25% reducing balance method

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.9 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.10 Cash and cash equivalents

Cash and cash equivalents represents cash in hand and deposits held at call with banks.

BRITISH ASSOCIATION FOR SUPPORTED EMPLOYMENT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies

1.11 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price including transaction costs. Financial assets are classified as receivable within one year are not amortised on the basis that these are receivable within one year or less.

Basic financial liabilities

Basic financial liabilities, including creditors are recognised at transaction price. Financial liabilities are classified as payable within one year are not amortised on the basis that payment is due within one year or less.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities on the basis that payment is due within one year or less.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

2 Restatement analysis

Restatement analysis
As reported
Adjustments As		 restated
Donations and legacies 229,062 4,732 233,794
Charitable activities expenditure (151,931) (64,035) (215,966)
Creditors: amounts falling due within one year (85,374) (59,303) (144,677)

As disclosed in note 1.2, the comparative figures have been restated as detailed above.

3 Income from donations and legacies

Unrestricted
Restricted
funds
funds
2025
2025
£
£
Donations and gifts
93,908
8,183
Grants
-
10,275
93,908
18,458		 Total
Unrestricted
Restricted
Total
funds
funds
2025
2024
2024
2024
as restated
as restated
£
£
£
£
102,091
233,794
-
233,794
10,275
-
-
-
112,366
233,794
-
233,794		 Total
Unrestricted
Restricted
Total
funds
funds
2025
2024
2024
2024
as restated
as restated
£
£
£
£
102,091
233,794
-
233,794
10,275
-
-
-
112,366
233,794
-
233,794
233,794

BRITISH ASSOCIATION FOR SUPPORTED EMPLOYMENT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

4 Income from charitable activities

SBSG project income
Services provided
under contract
Other income
Analysis by fund
Unrestricted funds
Restricted funds		 Project
income
Event costs
recharged
2025
2025
£
£
20,122
-
-
1,391
97,247
-
117,369
1,391
114,373
1,391
2,996
-
117,369
1,391		 Total
2025
£
20,122
1,391
97,247
118,760
115,764
2,996
118,760		 Project
income
Event costs
recharged
2024
2024
£
£
3,635
532
-
-
92,250
-
95,885
532
95,885
532
-
-
95,885
532		 Total
2024
£
4,167
-
92,250
96,417
96,417
-
96,417

5 Expenditure on charitable activities

Unrestricted
Restricted
2025
2025
£
£
Direct costs
SBSG project costs
15,343
-
Share of support and governance costs (see note 6)
Support
189,097
13,271
Governance
1,800
-
206,240
13,271
Analysis by fund
Unrestricted funds
206,240
-
Restricted funds
-
13,271
206,240
13,271		 Total
Unrestricted
2025
2024
as restated
£
£
15,343
-
202,368
214,166
1,800
1,800
219,511
215,966
206,240
215,966
13,271
-
219,511
215,966		 Total
Unrestricted
2025
2024
as restated
£
£
15,343
-
202,368
214,166
1,800
1,800
219,511
215,966
206,240
215,966
13,271
-
219,511
215,966
215,966
215,966
-
215,966

BRITISH ASSOCIATION FOR SUPPORTED EMPLOYMENT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

6 Support costs allocated to activities

Support costs
Governance
costs
2025
2025
£
£
Subcontractor costs - Inclusive Trading CIC
129,063
-
Depreciation
4,211
-
Operating lease charges
6,394
-
Bank fees
1,448
-
Travelling
8,746
-
Computer running costs
9,353
-
Insurance
1,836
-
Telecommunications
32
-
Postage and stationery
509
-
Advertising
2,028
-
Subscriptions
5,078
-
Sundries
4,962
-
Legal and professional fees
28,708
-
Independent examiners fees
-
1,800
202,368
1,800
Analysed between:
Charitable activities (note 4)
202,368
1,800
Governance costs comprise:
Independent examiners fees
7
Net movement in funds
The net movement in funds is stated after charging/(crediting):
Fees payable for the independent examination of the charity's financial
statements
Depreciation of owned tangible fixed assets
Amortisation of intangible assets
Operating lease charges		 Total
Total
2025
2024
as restated
£
£
129,063
157,967
4,211
4,226
6,394
5,439
1,448
349
8,746
7,631
9,353
6,299
1,836
-
32
309
509
289
2,028
2,840
5,078
5,782
4,962
4,486
28,708
18,549
1,800
1,800
204,168
215,966
204,168
215,966
2025
2024
£
£
1,800
1,800
1,800
1,800
2025
2024
£
£
1,800
1,800
478
493
3,733
3,733
6,394
5,439		 Total
Total
2025
2024
as restated
£
£
129,063
157,967
4,211
4,226
6,394
5,439
1,448
349
8,746
7,631
9,353
6,299
1,836
-
32
309
509
289
2,028
2,840
5,078
5,782
4,962
4,486
28,708
18,549
1,800
1,800
204,168
215,966
204,168
215,966
2025
2024
£
£
1,800
1,800
1,800
1,800
2025
2024
£
£
1,800
1,800
478
493
3,733
3,733
6,394
5,439
215,966
215,966
2024
£
1,800
1,800
2024
£
1,800
493
3,733
5,439

BRITISH ASSOCIATION FOR SUPPORTED EMPLOYMENT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

8 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

Expenses of £5,011 (2023: £3,136) were paid to the trustees.

9 Employees

The average monthly number of employees during the year was:

2025 2024
Number Number
Total - -

There were no employees whose annual remuneration was more than £60,000.

10 Other expenditure

Unrestricted Unrestricted
funds funds
2025 2024
£ £
Other expenditure - 1,338

11 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

12 Intangible fixed assets

Cost
At 1 April 2024 and 31 March 2025
Amortisation and impairment
At 1 April 2024
Amortisation charged for the year
At 31 March 2025
Carrying amount
At 31 March 2025
At 31 March 2024		 Brand
£
11,200
6,222
3,733
9,955
1,245
4,978

BRITISH ASSOCIATION FOR SUPPORTED EMPLOYMENT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

13
Tangible fixed assets
Plant and
equipment
£
Cost
At 1 April 2024
3,885
At 31 March 2025
3,885
Depreciation and impairment
At 1 April 2024
3,262
Depreciation charged in the year
434
At 31 March 2025
3,696
Carrying amount
At 31 March 2025
189
At 31 March 2024
623
14
Debtors
Amounts falling due within one year:
Trade debtors
Other debtors
Prepayments and accrued income
15
Creditors: amounts falling due within one year
Notes
Other taxation and social security
Deferred income
16
Trade creditors
Other creditors
Accruals		 Computers
Total
£
£
9,900
13,785
9,900
13,785
9,724
12,986
44
478
9,768
13,464
132
321
176
799
2025
2024
£
£
64,808
34,382
474
517
4,170
6,442
69,452
41,341
2025
2024
as restated
£
£
6,113
2,965
84,696
61,094
3,723
12,167
109,951
2,616
78,360
65,835
282,843
144,677		 Total
£
13,785
13,785
12,986
478
13,464
321
799
2024
£
34,382
517
6,442
41,341
144,677

BRITISH ASSOCIATION FOR SUPPORTED EMPLOYMENT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

16 Deferred income

Deferred income
2025 2024
as restated
£ £
Other deferred income 84,696 61,094
Deferred income is included in the financial statements as follows:
2025 2024
as restated
£ £
Deferred income is included within:
Current liabilities 84,696 61,094
Movements in the year:
Deferred income at 1 April 2024 61,094 16,447
Released from previous periods (65,826) (16,447)
Resources deferred in the year 89,428 61,094
Deferred income at 31 March 2025 84,696 61,094

17 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

At
Parallel Lifestyles
Youth Futures
Microsoft corporation tech accelerator grant
BEO/EUSE project		 1 April
2024
Incoming
resources
Resources
expended
At 31 March
2025
£
£
£
£
-
8,183
-
8,183
-
1,103
(1,103)
-
-
9,172
(9,172)
-
-
2,996
(2,996)
-
-
21,454
(13,271)
8,183

BRITISH ASSOCIATION FOR SUPPORTED EMPLOYMENT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

18 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations which are not subject to specific conditions by donors and grantors as to how they may be used.

At 1 April Incoming Resources At 31 March
2024 resources expended 2025
as restated
£ £ £ £
General funds 328,203 209,672 (206,240) 331,635
Previous year: At 1 April Incoming Resources At 31 March
2023 resources expended 2024
as restated as restated as restated
£ £ £ £
General funds 215,296 330,211 (217,304) 328,203
Analysis of net assets between funds
Unrestricted Restricted Total
funds funds
2025 2025 2025
£ £ £
At 31 March 2025:
Intangible fixed assets 1,245 - 1,245
Tangible assets 321 - 321
Current assets/(liabilities) 330,069 8,183 338,252
331,635 8,183 339,818
Unrestricted Restricted Total
funds funds
2024 2024 2024
as restated as restated
£ £ £
At 31 March 2024:
Intangible fixed assets 4,978 - 4,978
Tangible assets 799 - 799
Current assets/(liabilities) 322,426 - 322,426
328,203 - 328,203

19 Analysis of net assets between funds

BRITISH ASSOCIATION FOR SUPPORTED EMPLOYMENT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

20 Related party transactions

Mr R Elston and Mr M Britt, trustees of the charity, are also directors of Inclusive Trading CIC. During the period the charity received donations from Inclusive Trading CIC totalling £84,098 (2024: £229,062). The charity also incurred costs totalling £118,788 (2024: £93,932) invoiced by Inclusive Trading CIC.

Included within other creditors is an amount due to Inclusive Trading CIC of £109,951 (2024: £2,616).