Charty registration number 1171559 Company registration number 10143162 (England and Wales) INCLUSION GLOUCESTERSHIRE ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
INCLUSION GLOUCESTERSHIRE LEGAL AND ADMINISTRATIVE INFORMATION Trustees R Amos A Cotterill S Goddard R J Lewis R Mockford A Wala J K R Wotherspoon J Jones R Clayton E Scrivens A Aitken (Appointed 5 February 20251 (Appointed 5 February 2025) (Appointed 5 February 2025) (Appointed 5 February 2025) Senior management V Livingstone-Thompson Chief Executive OffIr Charity number 1171559 Company number 10143162 Registered office Railway House Bruton Way Gloucester Gloucestershire England GL1 1DG Auditor BK Plus Audit Limited 6 Manor Park Business Centre Mackenzie Way Cheltenham Gloucestershire GL51 9TX
INCLUSION GLOUCESTERSHIRE CONTENTS Page Trustees report Independent auditorfs report 14-16 Statement of financial activities 17 statement of financial position 18 Statemenl of cash flows 19 Notes to the financial statements 20-29
INCLUSION GLOUCESTERSHIRE TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2025 The Trustees present their annua5 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 charitable company's Igoverning document], the Companies Act 2006 and '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 20191. The financial statements have been prepared in accordance with the accounting policies set out in Inclusion Gloucestershire's Internal Financial Controls and Financial Procedures document. Objectives and activities Inclusion Gloucestershire is a Disabled People's Organisation IDPO) and registered charity. based in Gloucestershire. It was founded in April 2016 to bring together the activities of bmo existing charitsble organisations= Gloucestershire Voices and Physical Inclusion Nebmork Gloucestershire (PINGI. The charity exists to empower disabled people, and to remove disabling barriers in society- Our vision is to heSp achieve an inclusive society that values. respects and includes people who face disabling barriers. every day and in every way. The ultimate goals of the charity, as outlined in the Theory of Change are that, as a result of the Gharity's activities, people facing disabling barriers experience.. Better quality of life Being heard, respected and valued More choice, control and influence In order to achieve its aims and objectives. Inclusion Gloucestershire works lo a Three Year Strategy, underpinned by annual Business Plans and supported by Project Plans for each specific area or work. Success in achieving deliverables is measured through.. Six weekly Managers Meetings Bi-monthly reports to the Board ofTrustees Quarterly contract monitoring reports to funders and commissioners An annual report How we deliver public benefit We provide se[viS primarily. but not exclusively, to those Itving in. working in, or visiting the county. Our activities include: Supporting and facilitating peer-led social networks Providing informalion and advice about disability related issues Empowering and supporting people who face disabling barriers to speak up and have their voices heard on issues that are important to them Facilitating disabled people to use their strengths and assets to live an independent life in the community and to be fully included in that community Establishing and supporting eorkS and activities which asslst access to health care, social care, employment. transport, housing and social opportunities Working together with local organisations and people in the community to promote equality and to recognise the value of diversity Providing training and checking the quality of provision to support soGiety to remove disabling barriers. Work is undertaken by a staff team of 80, the majority of whom have lived experience of disabling barriers. and over the yèar was also delivered by 28 volunteers. Volunteers contributed to the running of Hubs and our drama group, creation of films, provision of peer mentoring, the MHELO (Menlal Health Experience Led Opportunilies) peer- support neorK, support with one off events, day-to-day office support, research. creation of marketing materials and building maintenan.
INCLUSION GLOUCESTERSHIRE TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Achievements and performance Inclusion Gloucestershire delivered to five key project strands in 2024125: Development - focused on developing and showcasing the skills of disabled people through drama, sharing information in accessible issue-based films, and delivering bespoke training. Over the year, this area of work employed 34 part time staff, or 5.1 full time equivalent staff. The Dramatic Change Drama Group is funded by the National Lottery and delivers advocacy through inclusive drama sessions for members facing disabling barriers. We delivered drama groups in Gloucester, the Forest of Dean (in partnership with Camphill Village Trust) and Painswick lin partnership with Paradise House). We Greate issue based short films and productions featuring disabled actors. They are an engaging, accessible and interesting way to deliver important messages. This year we released 5 produrtions, against a target of 4. These were Highs and Lows: Relationships Stories lfilml-, Assumptions [filmJ', Assumptions Isocial media reel seriesl., Speaking Up Ifilm unrel&aseu]', and Tammie's Autism Facts [social media reell. This year, we adopted a more strategic approach to marketing for the Assumptions film, which resulted in over 70,000 views, reaching a significantly wider audience and with more audience engagement. We have also continued to host live screening events, including as part of the Stroud Film Festival. These events have not only expanded our audience beyond online viewers but have also raised our profi5e within the local community- We continued to deliver co4esigned training for the Oliver McGowan Mandatory Training in Learning Disabilities and Autism. in partnership with Gloucestershire Health and Care NHS Foundation Trust We delivered Tier 1 online training and Tier 2 face to face training to health and social care workers in Gloucestershire, and rolled out Train the Trainer courses to teach others to deliver Oliver McGowan training. We also deliver other training packages to help organisations remove disabling barriers. This included training on Inclusive Communication, Disability Awarenpss, Easy Read, Safeguarding and ACSsibl11ty. Throughout the year we had a number of commissions to create accessible Easy Read information, and we expanded the number of organisations we worked with in this area. Engagement engaging directly with people facing disabling barriers through our existing Hubs, MHELO, Community Mental Health Transformation (CMHT) project. Life in the Mind podcast. supported volunteering and advocacy. Over the year. this area of work employed 43 part time staff, or 8.1 full time equivalent staff. Our Inclusion Hubs in Gloucester, Coleford and Cheltenham, and our women's only Wellbeing Hub delivered from the Friendship Café, welcome anyone with a disability or mentsl ill health and provide a safe space in which to socialise, take part in meaningful activities. build links with the community, complete courses, attend workshops and lots morel We facilitated community events for Hub members including game5 and activities at Bathurst Park, a boat trip with the Willow Trust, a Forest Hub Sports Day, and walks in the local area. MHELO is a peer-led support network for people wilh current or past mental health challenges. Work this year included distributing a self-care toolkit to support individuals to manage their mental health, and a range of engagement activities around issues including experien of Talking Therapies, accessing support through 111, Community Mental Health Transformation and the NHS 10 Year Plan. We also coproduced and shared a regular newsletter, coordinated the Mental Health Clinical Programme Advisory Group, contributed to the Mental Health and Wellbeing Board and engaged regularly with MHELO'S 661 social media followers Our dedicated Volunteer Coordinator provides support to volunteers to develop their ski15s, utilise their experience and boost our work in roles across the organisation.
INCLUSION GLOUCESTERSHIRE TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 This was the fourth year of the Community Mental Health Transformation project, in which we are supporting coproduction of the transformation of community mental health services in Gloucestershire. Work this year included the delivery of mental health workshops for minoritised communities, workshops on the Front Door and Mentsl Health Assessment, involvement and support of the People's Representation Action Board. and coproduction of CMHT r8ports. We undertook a one off piece of work in 2024 to engage with people about their experiences of living in accommodation linked with mental health support. We wrote a report and recommendations that was shared with commissioners. In line with our aim to do more work around neurodivergence, we ran Life in the Mind in 2024-25. a podcast and multimedia project dedicated to validating the reality of neurodivergent life through personal experience. The team have maintained a website with resource, podcasts and information about the project hlt 8.'Illifeinthemind.co.ukl' released short films featurir]g the podcast and key tDPICS on Facebook, Instagram and Tik Tok- produced and released 25 podcast episodes We also delivered the second year Df peer mentoring to late identified neurodivergent adults,, in partnership with the Zig Zag project. We provided a range of non-statutory advocacy including group advocacy through Speak Up groups, 1-1 individual advocacy and supporting people with self-advocacy. We continue to recruit, train and support volunteer Peer Mentors to provide structured peer support to individuals. These are the most common themes for advocacy referrals in this year= other requests have included: Accessing specific legal advice ngb app Challenging a parking fine (disability badge holder) Social care needs & provision Access to disability forum Health and Wellbeing- work to address health inequalities and encourage prevention and early support. Over the year, this area of work employed 24 part time staff, or 3.3 full time equivalent staff. This year, we continued work on the LeDeR {Leaming from Lives and Deaths Review) Quality Assurance Panel. Experts by Experience are a key part of the monthly multidisciplinary Panel, reviewing and scrutinising cases each month to ensure that the voice of people with a leaming disability andlor autism is central to the process. Our work includes the creation and sharing of monthly newsletters of key leaming themes captured through the panels. This year we continued our Your Voice project for NHS England to engage with a thriving neork of self-advocacy organisations and self-advocates with lived experience of learning disability or autism across the South West. The group have monthly meetings and collate key themes that are fed back to NHS England to influence health commissioning. We lead on consulting with people who face disabling barriers to ensure that they have their voices heard and influence real change. We do this through sessions in our Hubs around focused topics. and by facilitating individuals to gel involved with the Learning Disability Partnership Board and the Physical Disability and Sensory Impairment Partnership Board, working with the Co-chairs to plan agendas and run meetings.
INCLUSION GLOUCESTERSHIRE TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Quality- assessing the service received by people in residential homes, supported living spttings, Assessment and Treatment Units, day centres or in their own homes through domiciliary care. Over the year, this area of work employed 29 part time staff. or 4.3 full time equivalent staff. In 2024-25 Inclusion Gloucestershire carried out 138.5 units of rigorous Quality CheckslfoSlow-up visits on services for people with physical disabilities. leaming disabilities, mental 115 health andlor autistic people. Our checks are all person-centred, anLI as with all of Dur projects are led by somebody with lived experience of disability. Quality Checks are supported by a framework of questions. tailored to the type of setting and disability group. Following each check. a report is written and shared with the Provider, along with an Action Plan with specific areas for improvements. Quality Checks are commissioned by Gloucestershire County Council, and we work closely with their Quality Team to ensure that people are receiving the best possible care and support. This year we also undertook directly commissioned Access Audits, assessing and advising on the accessibility of visitor attractions, retail, hospitality and outdoor spaces. Research, Strategy and Partnerships - work to ensure that the voice of people facing disabling barriers is heard and actively influencing change. Over the year, this area of work employed 14 part lime staff, or 1.8 full time equivalent staff. We coproduced updates to our bi-annual Big Survey, and rolled it out to capture the views of disabled people across Gloucestershire on issues of importance to them. We Gaptured Voices through a survey and focus groups. We secured funding for and launched a researGh project into barriers to Talking Therapies for disabled individuals. We undertook commissioned research for partner organisations in the charity sector, and further education institutions. We facilitsted the running of a cross-sector Research Engagement Network, Sharing the Power, convening regular meetings beeen partners and working with an expert by experience to develop a bespoke Research Champion training package for individuals with leaming disabilities. Training and Development By the end of this year, we had delivered Oliver McGowan fier 1 training to 2349 people, and delivered Train the Trainer training to 363 people 1738 people were in receipt of training (other than the above Oliver McGowan training) this year. Courses were delivered in both online and face to face format and included.. Accessibility Annual Health Checks DisabilityAwareness Easy Read Inclusive Communication and Practice Simulation training for health and social care students Safeguarding Levels 1, 2, and Learning Disability Safeguarding Bespoke training for specific organisations Atotal of 80 positions were filled in our weekly drama groups over the year leach participant attended a 13 week cycle of drama sessions) 100'/o of drama participants felt that attending the drama group had improved their wellbeing, 93 % reported improved skills and knowledge and 92 /0 reported increased confidence. 3 films and 2 social media series were delivered.
INCLUSION GLOUCESTERSHIRE TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Feedback on the drama groups: Impact of drama participation on WELLBEING Ihis group helps me viith my wellbeing 4J pji 27.3% J11• Stf•rfgly ayf•• Engagement We delivered 174 Hub activitie5 over the year, supporting 107 people in Quarters 1 and 2 and 98 people in Quarters 3 and 4 Our members at the Gloucester hub won an award through Adult Education for teamwork and collaboration MHELO'S membership increased by 120/0 to 72, and social media reached 1,300people. We delivered 1 to 1 advocacy to 33 people, against a target of 15. 142 places were filled in our group advocacy sessions. 30 people attended Speak Up groups We engaged with 25 people about their experience of mental health housing Feedback from our Hubs.. '1 enjoy having somewhere to go where there are people I can talk to" "I've met new people in the group and in Gloucestershire and l am proud of myself and happy to join the groups that I have." "Both me and my husband respect and trust you, as we see how you work. This is why we have come to you" Feedback on our 8dvocac "I thlnk it covered a lot ot subjeds" "Very useful & I enjoyed all fhe interadion- like thi5 please" (Discriminalion} Tealty w(Irm'"' and welcoming space wilh lovety people" "Mwe ranys ¢xv' need5 in public ploces- "l ¢fidn't realise how Ilmited il is lor people lo get qcce55ible t or Iransport when they won* to go out" "Ccvered a lot ot area5 bul l think there may be more to .dk5CUSS' "MoTe needs10 done to help people with Mental Heallh".
INCLUSION GLOUCESTERSHIRE TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Health and Wellbeing We quality assessed LeDeR reviews of 34 people's dealhs We coproduced 4 LeDeR learning into action newsletters Quality We delivered 138.5 units of Quality Checks over the year, against a target of 138 We engaged with 348 people through our Quality Checks Feedback on our quality checks.. 'The QC coordinator was a great sounding board - it was really beneficial to talk things through and see how we could adapt changes to suit our set up. "The coordinator and quality checker con7pleted the audit in a fair and UndetandIng manner. They were pleasant, knowledgeable, and approachable throughout the process." Research, Strategy and Partnerships We captured the views of 114 people through 84 Surveys and 30 focus group participants as part of our Big SuNey. We interviewed 14 people about Iheir experiences of Talking Therapies. The Research Engagement Neknork launched Joining Up Insight in Gloucestershire (JIG) at GIDucestershire Data Day - an online collection of qualitative insight reports produced by ICS and VCSE partners in Gloucestershire. Financial review Income for the year was £1,035,165 and total expenditure was £1.030,289 with a loss of £4,112 on investments giving a surplus of £764 in the year. Direct pay costs accounted for 79 % ofthe resources expended. Closing reserves were £338,271 of which: £102,847 is unrestricted £15,230 is restricted £220,194 is held as free reserves equating to 3 months of pay costs (for 2024, this was 3 months of core running costs which included overheads) Reserves policy The directors have adopted a policy objective to hold free reserves which would enable thp charity to materially continue its operations for 3 months and meet its obligations to suppliers and 8mplDyees. This reserve has been updated for this year to £220,194 to represent 3 months of pay costs as this is the most fluctuant cost profile within the charity-
INCLUSION GLOUCESTERSHIRE TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Principal funding sources We are grateful to the following funding sources who enabled us to deliver our projects in 2024125: Barnwood Trust, for funding a strategic partnership that enable5 US to do more work around research, strategy and influencing change Gloucestershire Community Foundation, for funding addttional wellbeing aclivities in our Hubs Gloucestershire County Council and the Integrated Care Board for funding our Quality Checking and MHELO work Gloucestershire County Council Thriving Communities for fvnding our Inclusion Hubs Gloucestprshire County Council for funding our engagement work and co<hairing work for the Leaming Disability Partnership Board and Physical Disability and Sensory Impairment Partnership Board Gloucestershire County Council for funding our Autistic Youth Forum and Life in the Mind podcast Gloucestershire Health and Care NHS Foundation Trust and the ICB for funding our partnership work to design and deliver Oliver McGowan Mandatory Training Gloucestershire Health and Care NHS Foundation Trust for funding our post diagnostic s(Jpport project The National Lottery for funding our drama, training, volunteering and advocacy work The ICB for funding our work ar()und Community Mental Health Transformation and LeDeR NHS England for funding our Your Voice project and Research Engagement Nemork project The ICB for funding our involvement in the VCS Strategic Partnership Board The University of Gloucestershire and ICB for funding our research into Talking Therapies Investment policy In addition to its own reserves, the charity holds income paid in advance of contract delivery. As these resources are required in the short term all of the charity's cash balances are held available for immediate withdrawal. This excludes the £84,152 held in fixed asset investments which relates to charity sector investment funds in order to optimise interest income.
INCLUSION GLOUCESTERSHIRE TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Key risks are summarised below. Financial A significant risk this year was increasing demand Goupled with decreasing resources. We faced risks due to short term funding {contraGts of 1 year or less). inflation and shrinking statutory budgets. Higher than normal rates of inflation not being matched by rises in contract value and lower rates of donations created further financial pressure. National government reorganisation such as the abolition of NHS England heralded the end of some of our funded projects, with further change planned for ICBS and Local Government bringing more uncertainty. This year we also undertook an office move in May 2024, which resulted in one off additional costs, but the majority of these had been budgeted for. Operational Delivery A further significant risk this year was around operational delivery, with the likelihood of external factors (including extreme weather. Ihe office move and increased pressure on statutory partners for example around neurodiversity diagnosis and support) affecting ability to deliver to contract. A lack of resources lin particular staff, due to sickness or vacancies in the team) to deliver to contract was another significant risk this year. Information and data security A risk that continued to increase this ye8r was information and data security, in particular the risk of a cyber attack, hack or loss of data through human error. The increasing sophistication of cyber attacks, combined with our growth and corresponding increased data handling, necessitated the introduction of more data security measures (including a change in phone system and wider use of multifactor authentication) and training for staff. This year we had hoped to have an efficient database system SUPPDrting our data handling, but issues at the provider end meant that this was not operational for the full year. Risks to our people We were conscious of the risk of burnout due to ongoing change and covering vacancieslabsences within our team. Supporting disabled people through increasingly challenging life circumstances. brought about by growing inequalities, also created additional stress and trauma for some of our team. Risks to people who face disabling barriers We continue to see increased risks and a disproportionate impact of health and wellbeing inequalities and cost of living pressures on many of the individuals we exist to support. In some of our projects this resulted in us supporting individuals with increasingly complex levels of unmet needs. As an organisation, we need to support individuals safely, work to meet unmet demand where we can, and continue to be a voice for people facing disabling barriers. Managing risk The operational team and Board monitor risk by keeping an organisational Risk Register, which is reviewed and updated monthly by the Senior Leadership Team and reported on to the Board who hold an oversight. The Risk Register covers risks in the following categories, along Wlth risk ratings, owners, and mitigating action: Financial Leadership and governance Reputation Operational delivery statutory. regulatory. legal Business information systems and govemance -HR Project specific
INCLUSION GLOUCESTERSHIRE TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Plan5 for future periods Our business plan for 2025126 highlights actions that we will take to achieve the aims set out in our new coproduced Three Year Strategy= Use our voice to create change Listen, champion and represent disabled people's voices Influen decision makers Hold decision makers to account Speak up when things aren't right Empower Ensure that disabled people know their rights Empower people to have their own voice Ensure that we are central in decision making -'nothing about us without us, Create opportunities for peer support Reduce or remove disabling barriers Challenge systems that hold people back Educate and influence organisations around accessibilty Educate and influence society aboul barriers Advocate for and support equity Work together Work with health and social care systems to ensure that people get the right support, at the right time, in the right way Work with communities in a way that suits them Work with partner organisations in a way that is fair and equitable, so we can achieve more together Actively challenge unfair and oppressive praCtIS Make a positive difference For disabled people For our staff and volunteers In the way we work with partners For society as a whole On the environment
INCLUSION GLOUCESTERSHIRE TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 structure, governance and management The charity is controlled by its governing document, its Memorandum and Articles of Association, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. 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.. R Amos A Cotterill P Cullen K Elliott S Goddard R Govan J L Hincks R J Lewis R Mockford Awala J K R Wotherspoon P S Yeatman J Jones R Clayton E Scrivens AAitken (Resigned 5 February 2025) (Resigned 5 February 20251 (Resigned 5 February 2025) (Resigned 30 November 20241 (Resigned 5 February 2025) (Appointed 5 February 20251 (Appointed 5 February 20251 (Appointed 5 February 2025) (Appointed 5 February 2025) Recruitment and appointment of trustees All of the directors give their time voluntarily and receive no benefits from the charity. The organisation strives to ensure the composition of th? board of directors reflects the community it seNes including directors with lived experience of disabling barriers. A third of the directors retire by rotation at each Annual General Meeting and are eligible for re-election. Directors Co-opted during the year and newly proposed nominees are also eligible for election at the Annual General Meeting. The board of directors is responsible for setting the strategic direction of the charity and delegates the implementation of thi5 policy to the Chief Executive, Senior Leadership Team and managers. Performance is kept under review at regular board meetings where the directors receive operational and f1nancial reports. The board of directors receives an induction pack outlining roles and responsibilities of trustees, and with background to the charity. Training on disability awareness and safeguarding is offered to all trustees, as is an introduction to the role of a trustee. Additional training and mentoring are offered as required and the Chair and Deputy Chair regularly support the wider board in 1 to 1 session. 10
INCLUSION GLOUCESTERSHIRE TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 The charity maintsins standing policies and procedures covering its duties and responsibilities including.. A wide range of HR policies Anti-Bribery and Corruption Policy Business Continuity Plan Code of Conduct Complaints and Compliments Policy Confidentiality Policy Conflict of Interest Policy Data Protection Policy Environmental Policy Equal Opportunities Policy Grievance Procedure Health and Safety Policy Internal Financial Controls and Financial Procedures IT Communications and Usage Policy Lone Working Policy Risk Management Policy Safeguarding Policy Social Media Policy Volunteer Policy Whistleblowing Policy Trustees delegate day-to4ay management of the charity to Chief Executive Officer. Vicci Livingstone-Thompson. Remuneration policy Pay and remuneration for the charity's Senior Leadership Team is set by the board of directors. All staff, including the Senior Leadership Team, have pay rates thal are benchmarked against the National Joint Council for Local Governmenl Services {NJC} pay scales. Pay rates are reviewed, but not necessarily increased, at least annually. 11
INCLUSION GLOUCESTERSHIRE TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Related Parties Partnership working is crucial to Inclusion Gloucestershire, and we are proud to have linked with several key organisations in 2024125 including.. Access Social Care Active Glouceslershire Active Impact Adult Education Barnwood Trust Building Circles Camphill Village Trust Cheltenham Borough Homes Coventry Building Society Disability Rights UK Family Partnership Solutions Friendship Café Gloucestershire Community Rail Partnership Gloucestershire Constabulary Gloucestershire County Council Gloucestershire Health and Care NHS Foundation Trust Gloucestershire Hospitals NHS Foundation Trust Gloucestershire Integrated Care Board Gloucestershire Safeguarding Adults Board Gloucestershire VCSE Alliance Healthwatch Gloucestershire Kingfisher Treasure Seekers National Star College NHS England NHS Gloucestershire Integrated Care Board Paradise House Stroud Trinity Rooms Skillzone The Independence Trust The National Institute for Health Research The National Lottery The National Trust The Salvalion Army The University of Bath The University of Gloucestershire The University of the West of England The Zig Zag project Wyldwood Arts 12-
INCLUSION GLOUCESTERSHIRE TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Statement of Trustees responsibilities The Trustees. who are also the directors of InclusiDn Gloucestershire for Ihe purpose of company law, are responsible for preparing the Trustees Report and the financial statements in accordance with applicable law and United Kingdom Accounting Slandards (United Kingdom GenerallyAccepted Accounting PractiTr). 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 charitable company and of the incoming resources and application of resources. including the income and expenditure, of the charttable company for that year. In preparing these financial statements, the Trustees are required to- select suitable accounting policies and then apply them consistently- observe the methods and principles in the Charities SORP,. make judgements and estimates that are reasonable and prudent- state whether applicable UK Accounting Stsndards have been followed, subjert to any material departures disclosed and explained in the financial ststements., and prepare the financial statements on the going conrn basis unless it is inappropriate to presume that the charitable company will continue in operation. Thè Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any lime the financial position of the charitable cornpany 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 tsking reasonable steps for the prevention and detection of fraud and other irregularities. Auditor In accordance with the company's articles, a resolution proposing that BK Plus Audit Limited be reappointed as auditor of the company will be put at a General Meeting. Abbreviations The following abbreviations have been used in this report-. CMHT- Community Mental Health Transformation project DPO- Disabled People's Organisation ICB- Integrated Care Board LeDeR _ Learning from Lives and Deaths of Autistic People and People with Learning Disabilities MHELO - Mental Health Experience Led Opportunities (mental health peer support network) SLT- Senior Leadership Team ULO - user led organisation Dis¢105ure of information to auditor Each of the Trustees has confirmed that there is no information of which they are aware which is relevant to the audit. but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the auditor is aware of such information. The Trustees report was approved by the Board of Truslees and signecl on its behalf by: A Cotterill 17 December 2025 13-
INCLUSION GLOUCESTERSHIRE INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF INCLUSION GLOUCESTERSHIRE Opinion We have audited the financial statements of Inclusion GIDucestershire (the 'charitable company'l for the year ended 31 March 2025 which comprise the ststement of financial activilies, the statement of financial position, the statement of cash flows and notes to the financial statements, including 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 Stsndard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion, the financial statements= give a true and fair view of the stste of the charitsble company's affairs as at 31 March 2025 and of its incoming reSoUrS and application of resources, including its income and expenditure, for the year then have been properly prepared in accordance with United Kingdom GeneralSy Accepted Accounting Practi., and have been prepared in accordan with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordance with Intemational Standards on Auditing (UK) IISAS (UKII and applicable law. Our responsibilities under those standards are further described in the Auditorts 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 obtsined is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditing the financial ststements, 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 charitable company s ability to continue as a going concern for a period of at least e1ve 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 statemenls and our auditor's report thereon. The Trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or olherwise appears to be materially misststed. 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. 14-
INCLUSION GLOUCESTERSHIRE INDEPENDENT AUDITOR'S REPORT {CONTINUED) TO THE MEMBERS OF INCLUSION GLOUCESTERSHIRE Opinions on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of our audit.. the information given in the Trustees report for the financial year for which the financial ststements are prepared, which includes the directors, report prepared for the purposes of company law. is consistent with the financial statements,. and the direclors, report included within the Trustees report has been prepad in accordance with applicable legal requirements. 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 misststements in the directors, report included within the Trustees report. We have nothing to report in respecl of the following matters in relation lo which the Companies Act 2006 requires us to report to you if, in our opinion: adequate accounting records have not been kept, or retums adequate for our audit have not been received from branches not visited by us., or the financial statements are not in agreemenl with the accounting records and returns,. or rtain disclosures of trustees, remuneration specified bylaw are not made- or we have not received all the infomation and explanations we require for our audit., or the Trustees were not entitled to prepare the financial statements in accordance with the small companies regime and lake advantage of the small companies, exemptions in preparing the Trustees report and from the requirement to prepare a strategic report. Responsibilities of Trustees As explained more fully in the statement of Trustees responsibilities, the Trustees. who are also the direclors of the charitable company for the purpose 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 th? 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 charitsble company's ability to continue as a going concern, disclosing, as applicable. matters related to going concern and using the going concern basis of accDunting unless the Trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternalive but to do so. Auditorfs responsibilities for the audit of the financial statements Our objective5 are to obtain reasonable assurance about whether the financial statements as a whole are free from malerial misstatement. whether due lo 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 Ihat an audit conducted in accordance with ISAS IUKI 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 lo influence the economic decisions of users taken on the basis of these financial statements. Owing to the inherent limitations of an audit. there is an unavoidable risk that, despite us planning and performing our audit in accordance with auditing standards, one or more material misstatements in the financial slatements may have gone undetected by our audit. As with any audit, there is a high risk that irregularities and fraud will go undetecled where they involve matters such as misrepresentstions from management, collusion, deliberate omissions and override of controls. It is not the role of the auditor to prevent non-compliance and we cannot be expected to detect every instance of non-compliance wilh all laws and regulations. In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non- compliance with laws and regulations, our procedures included the following: 15
INCLUSION GLOUCESTERSHIRE INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF INCLUSION GLOUCESTERSHIRE enquiries of management including 8 pre audit meeting. obtaining and reviewing supporting documentstion of policies concerning the laws and regulations applicable to Ihe business., understanding how the company complies with its regulatory framework by making enquiries of management" considering the culture inherent in the company and whether this represents a culture of honesty and ethical behaviour with a strong emphasis of detection and prevention of fraud. We assessed the susceptibility of the company's financial statements to material misstatement and considered how fraud might occur. The audit prDcedures performed included, but were not limited to= challenging management assumptions and estimates., identifying and testing unusual journal entries., assessing how the relevant laws and regulations have been complied with and noling any instances of non compliance- reviewing the financial statements for compliance with relevant Accounting Standards and accounting legislation applicable to a small company. considering how those charged with govemance have addressed the possibility of an override of essential controls or other influence over the financial reporting processes. In addition, we also considered other non financial laws relevant to the company. These do not necessarily have a direct influence on the financial statements but might affect the company's ability to operate. A further description of our responsibilities is available on the Financial Reporting Council's website at= https:11 www.frc.org.uklauditorsresponsibilities. This description forms part of our auditor's report. 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 metnbers as a body, for our audit work, for this report, or for the opinions we have fomed. Roger Downes FCA (Senior Statutory Auditor) for and on behalf of BK Plu5 Audit Limited 17 December 2025 6 Manor Park Business Centre Mackenzie Way Cheltenham Gloucestershire GL51 9TX Chartered Certified Accountants Statutory Auditor 16-
INCLUSION GLOUCESTERSHIRE STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOMEAND EXPENDITUREACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unrestricted funds Restricted Total Unrestricted funds Restricted Totsl funds funds 2025 2025 2025 2024 2024 2024 Note5 Income and endowments from: Donations and legacies Charitable activities Investments Other income 1.009 888.833 2,638 731 1,009 1.030,787 2,638 731 1,237 823.881 2.594 200 1.237 893,427 2,594 200 141,954 69.546 Total income 893,211 141,954 1,035,165 827.912 69,546 897,458 Expenditure on: Charitable aGtivities 903,565 126,724 1,030,289 820,725 69.546 890,271 Total expenditure 903,565 126,724 1,030,289 820,725 69.546 890,271 Net gainsl{losses) on investments 12 (4,112) {4,1121 7.326 7,326 Net incomel{expenditure) and movement in funds (14,466) 15,230 764 14,513 14,513 Reconciliation of funds: Fund balances at 1 April 2024 337,507 337,507 322,994 322,994 Fund balances at 31 March 2025 323.041 15,230 338,271 337,507 337,507 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. 17-
INCLUSION GLOUCESTERSHIRE STATEMENT OF FINANCIAL POSITION ASAT31 MARCH 2025 2025 Fixed assets Tangible assets Investments Notes 2024 14 15 505 84,152 750 88,264 Current assets Debtors Cash at bank and in hand 84,657 89.014 16 77,735 409,141 103.109 296.706 Creditors." amounts falling due within one year 486,876 17 399,815 1233,2621 (151,322) Net current assets 253,614 248,493 Total assets less current liabilities 338.271 337,507 Net assets 338,271 337,507 The funds of the charitable company Restricted income funds Unrestricted funds 19 15,230 323,041 337.507 338,271 337.507 The financial statements were approved by the Trustees on 17 December 2025 A Cotterill u,JA Company registration number 10143162 {England and Wales) 18-
INCLUSION GLOUCESTERSHIRE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Notes Cash flows from operating activities Cash generated froml(absorbed by) operations 24 109.797 162,964) Investing activities Investment income received 2,638 2.594 Net cash generated from investing activities 2,638 2.594 Net cash generated from financing activities Net increasel(decrease) in cash and cash equivalents 112,435 160,370) Cash and cash equivalents at beginning ofyear 296,706 357,076 Cash and cash equivalents at end of year 409.141 296,706 19-
INCLUSION GLOUCESTERSHIRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies Charity information Inclusion Gloucestershire is a private company limited by guarantee incorporated in England and Wales. The registered office is Railway House, Bruton Way, Gloucester, Gloucestershire, GL1 1 DG, England. 1.1 Accounting convention The financial statements have been prepared in accordance with the charitable company's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and RepubliG of Ireland. ("FRS 102.1 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 IFRS 1021" (effective 1 January 20191. The haritsble company is a Public Benefit Entity as defined by FRS 102. The financial statements are prepared in sterling, which is the functional currency of the charitable company. Monetary amounts in these financial stalements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention, modified to include the fixed asset investments at fair value. The principal accounting policies adopted are set out below. 1.2 Going concern The charitable company relies on external funding to cover its core costs and, despite having buill up reserves in recent years, it continues to seek new and extended funding for that purpose. In the past twelve months and since the year-end, the charitable company has continued the provision of core charitable activities and has managed to retain reserves at or above target levels. The Board has set aside designated funds to cover the delayed expenditure aswell as three monlhs, core pay costs12024 core running costs). The Board has also Considered the funding requirements for a period of more than bNelve months from the date of approval of these financial statements and concluded that. taking into account uncertainties created by any global economic factors that are outside their control, they have andlor will be able tD generate sufficient funding to continue operations throughout that period and beyond. As a result of these conclusions, the Board considers the charitable company to be a going concern and has prepared the financial statements on that basis. 1.3 Charitable funds Unrestricted funds can be used in accordance with the charitable objectives at the disGretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particu5ar restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial ststements. 1.4 Income All income is recognised in the Stalement of Financial Activities once the charity has entitlement to the fvnds, it is probable that the income will bè received and the amount can be measured reliably. Grant income is recognised in the period for which it covers expenditure. Donations and investment income are recognised as income on receipt. Training income is recognised when an invoice is raised. Room hire is recognised on receipt of the income. -20-
INCLUSION GLOUCESTERSHIRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies (Continued) 1.5 Expenditure Liabilities are recognised as expenditure as soon as there is a legal Dr constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be direclly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. 1.6 Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impaiment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases- Fixtures and fittings 25 /0 on cost The gain or loss arising on the disposal of an asset is determined as the difference beeen the sale proceeds and the carrying value of the asset. and is recognised in the ststement of financial activities. Expenditure on sofhmare and website development is written off in the year Ihat it is incurred. 1.7 Fixed asset investments Investments are held at open market value at the year end date. 1.8 Taxation The charity is exempt from corporation tax on its charitable activities. Critical accounting estimates and judgement$ In the application of the charitable company's accounting policies, the Truslees are required to make judgements, estimates and assumptions about the carying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. Income from donations and legacies Unrestricted funds 2025 Unrestricted funds 2024 Donalions and gifts 1,009 1,237 21
INCLUSION GLOUCESTERSHIRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Income from charitable activities Unrestricted Restrictsd Total Unrèstricted Restricted Total funds funds funds funds 2025 2025 2025 2024 2024 2024 Grants received Perfomance related grants 888,833 141,954 1,030.787 823,881 69,546 893,427 Perfomance related grants analysis Grants received Grants received 2025 2024 Training and Development Engagement Quality Checking other Grants HUBS MHELO and CMHT LD Partnership Board Barnwood LEDER Dramatic Change 259,855 236,586 191,704 109,380 98,500 82.866 19,329 16,667 15,900 376.250 206.096 188,725 49,017 85.600 80.778 18,497 42,384 15,000 31.080 1,030,787 893.427 Income from investments UnrEStricted Unrestricted funds funds 2025 2024 Interest receivable 2,638 2,594 Other income Unrestricted Unrestricted fund5 funds 2025 2024 Other income 731 200 -22-
INCLUSION GLOUCESTERSHIRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Expenditure on charitable activities Charitable activities Charitable activities 2024 2025 Direct costs Staff costs Depreciation Computer costs Travel and subsistence Sundries Insurance Telephone Postage and stationery Room hire Recruitment and training Rent and rates Repairs and renewals Project costs Website costs Utility costs 822,620 245 28.009 6,411 1,603 4,732 3,605 3,781 12.509 11,710 64,255 5,433 14,931 9,118 7,454 700.504 3,869 29,609 8,516 2,363 4,399 4,739 3,825 11,332 7,288 32,861 25,489 16,392 18,252 5,437 996,416 874.875 Share of support and governance costs (see note 81 Governance 33,873 15,396 1,030,289 890,271 Analysis by fund Unrestricted funds Restricted funds 903,565 126,724 820,725 69.546 1,030,289 890.271 Support costs allocated to activities 2025 2024 Govemance costs 33,873 15,396 Analysed between: Audit fees Accountancy Legal and professional 4,795 6,724 22,354 4,000 5,462 5,934 -23-
INCLUSION GLOUCESTERSHIRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Net movement in funds 2025 2024 The nel movement in funds is stated after chargingl{creditingl'. Fees payable for the audit of the charity's financial statements Depreciation of owned tangible fixed assets 4,795 245 4.000 3,869 10 Trustees None of the Truslees (or any persons connected with them) reIved any remuneration or benefits from the charitable company during the year. 11 Employees The average monthly number of employees during the year was= 2025 Number 2024 Number 80 64 Employment costs 2025 2024 Wages and salaries 822,620 700,504 There were no employees whose annual remuneration was more than £60,000. Remuneration of key management personnel The remuneration of key management personnel was as follows= 2025 2024 Aggregate compensation 54,038 51,591 12 Gains and losses on investments Unrestricted funds Unrestricted funds 2024 2025 Gainsl(lossesl arising on= Revaluation of investments {4,112J 7.326 13 Taxation The chartty is exempt from taxation on its activities because all its income is applied for Gharitsble purposes. -24-
INCLUSION GLOUCESTERSHIRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 14 Tangible fixed assets Fixture5 and ritting5 Cost At 1 April 2024 17,942 At 31 March 2025 17,942 Depreciation and impairment Al 1 April 2024 Depreciation charged in the year 17,192 245 At 31 March 2025 17,437 Carrying amount At 31 March 2025 505 At 31 March 2024 750 15 Fixed asset investments Listed investments Cost or valuation At 1 April 2024 Valuation changes 88,264 14,112) At 31 March 2025 84.152 Carrying amount At 31 March 2025 84,152 At 31 March 2024 88.264 -25-
INCLUSION GLOUCESTERSHIRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 15 Fixed asset investments (Continued) 2025 2024 Investments at fair value comprise- Cost Valuation in 2018 Valuation in 2019 Valuation in 2020 Valuation in 2021 Valuation in 2022 Valuation in 2023 Valuation in 2024 Valuation in 2025 63,000 {1,573) 4,848 12,0991 13,262 6,683 {3,183) 7.326 (4.112) 63,000 11,573) 4,848 (2.099) 13,262 6,683 13.183) 7,326 84,152 88,264 There were no investment assets outside the UK. 16 Debtors 2025 2024 Amounts falling due within one year: Trade debtors Other debtors Prepayments and accrued income 31,666 99,113 2,400 1,596 19,960 51,626 103,109 2025 2024 Amounts falling due after more than one year: Other debtors 26,109 Totsl debtors 77,735 103,109 17 Creditors: amounts falling due within one year 2025 2024 other tax2tion and social security Trade creditors Other creditors Accruals and deferred income 11.007 15,934 3.291 121,090 6,700 3,884 222,678 233,262 151,322 -26-
INCLUSION GLOUCESTERSHIRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 18 Deferred income Deferred incorne at 1 April 2024 Released from previous periods Resources deferred in the year 116,556 (116,5561 217,134 156,034 (156,0341 116,556 Deferred income at 31 March 2025 217.134 116,556 19 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 1 April 2024 Incoming resources Resources At 31 March expended 2025 Lottery funded projects 141,954 1126,724) 15,230 Resources At 31 March expended 2024 Previous year- At 1 April 2023 Incoming resources Lottery funded projects 69,546 169,546) 20 Unrestricted funds The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific Conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. Gains and At 31 March losses 2025 At 1 April 2024 Incoming resources Resources expended Transfers 154,160 66,034 220,194 Core Costs Delayed Expenditure General funds 45,317 138,030 145,3171 1858,248) 77.278 (143,312) 77.278 25,569 14,112) 893,211 337.507 893,211 1903,565) 14,112) 323,041 -27-
INCLUSION GLOUCESTERSHIRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 22 Operating lease commitments Lessee At the reporting end date the charitable company had outstanding commilments for future minimum lease paytnents under non-cancellable operating leases, which fall due as follows: 2025 2024 Within one year Bebmeen and five year5 38,000 6,333 44,333 23 Related party transactions There were no disclosable related party transactions during the year12024 - none). 24 Cash generated froml(absorbed by) operations 2025 2024 Surplus for the year 764 14,513 Adjustments for: Investment income recognised in statement of financial activities Fair value gains and losses on investments Depreciation and impairment of tangible fixed assets {2,638) 4,112 245 12,594) {7,326) 3,869 Movements in working capital- Decreasellincrease) in debtors Increasel(decreasel in creditors 25.374 81,940 (40.882) (30,544) Cash generated froml(absorbed by) operations 109,797 162,9641 25 Analysis of changes in net funds At 1 April 2024 Cash flowsAt 31 Mah 2025 Cash at bank and in hand 296,706 112,435 409,141 296.706 112,435 409,141 -29-