Docusign Envelope ID: BA9525F4-F22C-878A-82B5-B5B585230F0A
## **CENTRE FOR STUDIES ON INCLUSIVE EDUCATION LIMITED ANNUAL REPORT AND FINANCIAL STATEMENTS**
## **31 AUGUST 2025**
**Charity Number 327805 Company Registration Number 2253521**
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Docusign Envelope ID: BA9525F4-F22C-878A-82B5-B5B585230F0A
## **CENTRE FOR STUDIES ON INCLUSIVE EDUCATION LIMITED**
## **FINANCIAL STATEMENTS**
## **YEAR ENDED 31 AUGUST 2025**
|**CONTENTS**|**PAGE**|
|---|---|
|Reference and administration details of the charity and its||
|advisors|**5**|
|Key Facts about CSIE|**6**|
|Trustees’ annual report|**8**|
|Independent Examiner’s Report|**17**|
|Statement of financial activities (including income and||
|expenditure account)|**18**|
|Balance sheet|**20**|
|Notes to the financial statements|**21**|
CSIE annual report and financial statements 2024-25
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## **CENTRE FOR STUDIES ON INCLUSIVE EDUCATION LIMITED**
## **REFERENCE AND ADMINISTRATION DETAILS OF THE CHARITY**
## **YEAR ENDED 31 AUGUST 2025**
Status
The Centre for Studies on Inclusive Education Limited is a company limited by guarantee incorporated on 9 May 1988 and a registered UK charity. The governing document is its Memorandum and Articles of Association.
## **Directors and Trustees**
Stuart Burgess Chair Sue Sanders Secretary until September 2024 Philippa Stobbs Secretary from September 2024 Mark Jennett until November 2024 Sarah Sloper
## **Registered Address**
The Park Centre Daventry Road Knowle Bristol BS4 1DQ
## **Independent Examiner**
Joanne Trowbridge MAAT Bristol Community Accountants CIC The Park Centre Daventry Road Knowle Bristol BS4 1DQ
## **Bankers**
Lloyds TSB CAF Bank 39 Threadneedle Street 25 Kings Hill Avenue London Kings Hill EC2R 8AU West Malling Kent ME19 4JQ
CSIE annual report and financial statements 2024-25
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## **CENTRE FOR STUDIES ON INCLUSIVE EDUCATION LIMITED**
## **KEY FACTS ABOUT CSIE**
## **YEAR ENDED 31 AUGUST 2025**
## **About CSIE**
Every year many children miss out on a place in their local school, often without a careful exploration of how this could have been made possible. This leaves them disconnected from their local community, possibly feeling the bitterness of exclusion whenever they see their siblings or other local children walking to or from school. It happens largely because our education system was set up over 100 years ago, when disabled people were thought to have no place in mainstream society and its institutions. Today such practices are inconsistent with national and international law, yet they continue because not enough people realise this or are enabled to do things differently. In other parts of the world education has transformed, all children go to their local school and learn from each other, as well as from their teachers.
For more than 40 years CSIE has been working to protect disabled children’s right to a good education in their local community. With an experienced SEND teacher at the helm, we work to raise awareness about equality through the lens of disability and build capacity in schools and other educational settings to respond to the needs of all children. Our work consistently attracts excellent feedback, whether we have been delivering disability awareness workshops for pupils, equality workshops for staff, senior leaders or governors, or support for a school to carry out an equality audit, policy or curriculum review.
## **Key Facts about CSIE**
- CSIE is a registered charity (327805) and registered company (2253521).
- Founded in 1982, CSIE has been at the forefront of developments in inclusive education for over 40 years.
- The Centre works to develop more inclusive education for all, and to protect disabled children’s right to a good education in their local community.
- CSIE activities aim to raise public awareness and transform education, so that all children can be safe, included and learning in their local community. Key activities include: support for schools and local authorities to build capacity to include all learners; raising awareness and campaigning for more inclusive education; research; training and consultancy nationally and internationally; and producing resources, some of which have been translated and are used throughout the world.
CSIE annual report and financial statements 2024-25
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## **CENTRE FOR STUDIES ON INCLUSIVE EDUCATION LIMITED**
## **KEY FACTS ABOUT CSIE**
## **YEAR ENDED 31 AUGUST 2025**
- CSIE has a reputation of being at the cutting edge of developing inclusive education; staff are regularly invited to speak at conferences and other events, contribute to round table discussions or be interviewed by journalists about current issues on inclusive education.
- During the year under review CSIE activities continued to address equality holistically, ensuring that disability equality is advanced through the social model of disability.
- Significant CSIE achievements in recent years include:
- i) Prestigious International Award (Innovative Practice Award 2016 from the Zero Project) for our equality toolkit for schools.
- ii) Regular reports since the 1980s on school placement trends of all local authorities in England. For many years these CSIE reports were the only place where such detailed information, at local authority level, was available. The most recent report (2019) is available online and findings can be explored on an interactive map.
- iii) Invitation to Windsor Castle in 2019, to a reception marking 100 years of the National Council of Voluntary Organisations (NCVO). CSIE was among the 200 charities invited, out of 14,000 members.
- iv) In 2024-2025, the completion of a significant project to bring together an archive of all that CSIE has achieved since it was set up in 1982. The work was funded by the National Lottery Heritage Fund and carried out with support from a consultant archivist and a team of volunteers. The CSIE Archive is expected to be housed at the Centre for Disability Studies at the University of Leeds.
- In previous years CSIE had received substantial amounts of core funding; the last regular grant ended in March 2013. Since then CSIE has relied on project funding and on generating its own income from sales of resources and services.
- In 2022 New Philanthropy Capital carried out an independent “health check” of CSIE which concluded that CSIE addresses a clear need and that the (then) new business plan provides an exciting opportunity to strengthen the charity and increase its impact. The report is available on request.
CSIE annual report and financial statements 2024-25
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## **CENTRE FOR STUDIES ON INCLUSIVE EDUCATION LIMITED**
## **TRUSTEES’ ANNUAL REPORT**
## **YEAR ENDED 31 AUGUST 2025**
## **Introduction**
The Trustees present their report and the unaudited financial statements of the charity for the year ended 31st August 2025.
Reference and administrative information set out on pages 5 forms part of this report.
The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, 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 for accounting periods beginning on or after 1 January 2019.
## **Objects and Activities**
The Charity’s objects, as described in CSIE’s Memorandum of Association, are to advance the education and/or training of children and young people at risk of discrimination in the United Kingdom and abroad, by promoting public knowledge in all matters concerning inclusive education in mainstream primary and secondary schools, early years settings, colleges, higher education institutions and other educational settings. To do so in ways that promote equality, minimise discrimination and remove barriers to learning and participation for all children and young people irrespective of any differences, for example differences with regard to perceived ability, disability, socioeconomic background, sex, gender identity, sexual orientation, ethnicity, religion or belief.
## **Structure, Governance and Management**
The charity is under the overall control and direction of the Council of Trustees, who meet quarterly.
All of the Trustees are experts in inclusion in one way or another, with many additional skills and gifts to bring to the regular meetings and the progress of the charity. All Trustees are required to retire at the Annual General Meeting and are eligible for reelection at that time. During the year under review Mark Jennett stepped down from their role of Trustee after more than 10 years of service. CSIE remains grateful for his valuable contribution during their period in office.
Dame Philippa Russell, DBE, had been a Trustee since the formation of CSIE in 1982 and retired from the CSIE Council in 2008. In recognition of her significant contribution
CSIE annual report and financial statements 2024-25
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## **CENTRE FOR STUDIES ON INCLUSIVE EDUCATION LIMITED**
## **TRUSTEES’ ANNUAL REPORT**
## **YEAR ENDED 31 AUGUST 2025**
to the development of inclusive education, and to the work and development of the Centre over the years, she took on the role of Patron of CSIE in 2008.
The Trustees delegate the day to day running of CSIE to the Director, Artemi Sakellariadis.
## **Staffing**
CSIE staff for the year under review were:
- Artemi Sakellariadis, director
- Sarah Hobbs, administrator
- Ruth Thornton, volunteer (September 2024 – April 2025)
CSIE annual report and financial statements 2024-25
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## **CENTRE FOR STUDIES ON INCLUSIVE EDUCATION LIMITED**
## **TRUSTEES’ ANNUAL REPORT**
## **YEAR ENDED 31 AUGUST 2025**
## **Key activities and achievements**
We are pleased to have managed and delivered an exciting range of grant-funded projects this year.
Our grant from the National Lottery Heritage Fund has enabled us to archive all the achievements of CSIE since 1982, to share the many insights gained over the years on inclusive education, and ensure that this vital work is captured for the future. Drawing on this wide range of material, we celebrated 43 years of CSIE at a conference held in Bristol in January 2025 with a showing of CSIE’s new film, which is available at https://bit.ly/CSIE-film, and contributions from a wide range of people who have been involved in CSIE’s work since its inception.
The work was undertaken with the help and support of a consultant archivist and a committed group of volunteers. We are delighted that the Centre for Disability Studies at Leeds University has confirmed its willingness to house the archive.
Our Bristol Parents Project (the Bristol SEND community support project) was funded by a grant from the National Lottery Community Fund. This has enabled us to run workshops for parents of disabled children in Bristol, focusing on parental wellbeing and advocating for children’s rights. The workbook that we produced is now available to download free of charge from our new website, or to purchase a hard copy. This work
CSIE annual report and financial statements 2024-25
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## **CENTRE FOR STUDIES ON INCLUSIVE EDUCATION LIMITED**
## **TRUSTEES’ ANNUAL REPORT**
## **YEAR ENDED 31 AUGUST 2025**
has been carried out with a parent and former Trustee of CSIE who supported the planning and the research elements of the project, and delivered with the support of a well-being consultant.
We were also supported over the year by a grant from Bristol’s Quartet Community Foundation designed to help us build our resilience. The grant has helped us to focus on strategic development, strengthen our local presence and our relationship with national bodies including the Department for Education, Ofsted and the Equality and Human Rights Commission. Additional support for grant-holders has enabled us to access pro bono support to revamp our website, see below.
We were able to provide disability awareness workshops for pupils in South Bristol schools thanks to a grant arising from a public vote in Tesco stores in the area (Tesco Stronger Starts award, administered in partnership with Groundwork UK). Some of the things pupils said that they valued about our workshops, include:
- being able to see more than one perspective
- to understand that disabled people do things differently
- we all have something bigger in common than we think
- never judge anyone by their look
- understanding that people can still do things if they are disabled
- talking about intelligent disabled people.
We are exploring other potential projects including a collaborative European project on play-based learning and an event to dig up the CSIE time capsule which was buried in 1992.
CSIE’s expertise continued to be sought throughout the year under review. In addition to other examples referenced in this report, significant highlights are a live interview on BBC Radio 4 and an invitation to a Department for Education Roundtable discussion.
Through our training and consultancy work, we have provided workshops on inclusion for schools and are now developing this work in partnership with NDTi (the National Development Team for Inclusion) to provide bespoke support for schools, Inclusion 360, that will be available to schools, LAs and MATs.
We have also worked with the Standards and Testing Agency, contributing to Inclusion Panel reviews of test materials.
We have contributed to the development of national policy in a range of ways. We are a key contributor to the Special Educational Consortium (SEC), a national policy forum
CSIE annual report and financial statements 2024-25
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## **CENTRE FOR STUDIES ON INCLUSIVE EDUCATION LIMITED**
## **TRUSTEES’ ANNUAL REPORT**
## **YEAR ENDED 31 AUGUST 2025**
that seeks to influence government policy on inclusion, and have influenced policy through our regular attendance at meetings, through submissions to public bodies such as the Public Accounts Committee, Education Committee, Ofsted and the Department for Education (DfE), and by contributing our knowledge and understanding of international examples of inclusive education.
With a growing national commitment to more inclusive schools, CSIE has made an important contribution to the discussion through events hosted by the DfE, the Centre for Young Lives, the Wates Family Enterprise Trust and the SEN Policy and Research Forum as well as through individual meetings with the DfE, Ofsted and the EHRC.
Much of our work is carried out collaboratively through our participation in and contribution to a range of networks. In the last year these have included our contribution to SEC mentioned above, as well as engagements with the Centre for Social Justice, the Wates Family Enterprise Trust, Inclusive Higher Education UK, the Bristol Disability Equality Forum, the Inclusive Education Coalition, convened by the Alliance for Inclusive Education and the Diverse Educators Regional Hub.
We have also held individual meetings with a range of organisations to explore collaborative work on inclusion, such as the National Education Union, nasen and UNICEF’s Rights Respecting Schools.
CSIE also contributes to the development of inclusion internationally and has recently been invited by the Ministry of Education of Kazakhstan to attend a conference in midOctober to discuss cooperation with CSIE.
For some time, CSIE’s website has been in need of a significant overhaul. We are immensely grateful for the pro bono support from Delivered Social that has enabled us to bring the website up to date and make it more captivating. We are delighted that, at the end of our reporting year, our new website is ready to launch. We are confident that this will improve our profile, increase visits to the site and provide a more attractive offer to schools and others interested in our philosophy, our commitment and our services.
CSIE has benefited significantly from a range of pro bono support and advice. In addition to the support we have received from Delivered Social, see above, our Director has continued to benefit from a series of pro bono mentoring sessions, arranged by Voscur, and from other free activities organised by them. We are deeply grateful for the support we have received from the skilled and experienced professionals who have worked with us.
CSIE annual report and financial statements 2024-25
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## **CENTRE FOR STUDIES ON INCLUSIVE EDUCATION LIMITED**
## **TRUSTEES’ ANNUAL REPORT**
## **YEAR ENDED 31 AUGUST 2025**
## **Public benefit**
In engaging in the above range of activities, which support the development of inclusive education for all, CSIE’s work stands to improve the education experiences and, ultimately, life chances of children and young people at risk of discrimination or exclusion; it also stands to improve the experiences of adults who are at risk of discrimination and are members, or potential members, of school or other learning communities. By encouraging schools and other educational settings to become responsive to the full diversity of children and young people, CSIE’s work helps to ensure that all pupils can be safe, included and learning in schools and other educational settings. This is consistent with national policy stating aspirations of developing a more inclusive society.
## **Future plans**
Our top priority for the year ahead is to secure funding that will enable us to recruit more staff and continue to implement the Business Plan which stands to make CSIE self-sustainable. We are actively seeking funding to support our work to promote systemic change and secure a more inclusive education system to the benefit of all our children and young people.
In the year ahead, we will:
- launch our re-designed and updated website and maintain an online presence at the cutting edge of developments in inclusive education;
- finalise the arrangements for housing the CSIE Archive;
- promote the materials developed through the Bristol SEND community support project;
- develop our new website as the ‘go to’ site on inclusion, for all educators;
- use our new website to promote our commitment to inclusion and our bespoke training and consultancy, to all stakeholders in local authorities and schools;
- build our relationships with partner organisations and develop collaborative projects with them;
- review CSIE resources and publish revised editions;
- build our influence through networks and relationships with key policy makers;
- contribute to the national discussion about inclusion through our continued membership of the Special Educational Consortium.
CSIE annual report and financial statements 2024-25
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## **CENTRE FOR STUDIES ON INCLUSIVE EDUCATION LIMITED**
**TRUSTEES’ ANNUAL REPORT**
## **YEAR ENDED 31 AUGUST 2025**
## **Financial position of CSIE**
CSIE finished the year under review with an overal deficit of net assets of (£3,184), (2024: £22,765) which is a result of combining the restricted fund balance of £6,563 (2024: £32,677) and the deficit in general funds of (£9,747) (2024:(£9,912))
At the start of the year, staff had already worked part-time in August and continued to work part-time in September. Trustees are very grateful to staff for this significant contribution to CSIE.
During the year under review, Trustees’ concerns about CSIE’s capacity to continue operating increased. The completion of funded projects saw the end of the project funding, and whilst our website was under development, our old site was not attracting customers to our services.
Monthly monitoring continued and CSIE is only operating because of very significant donations from individuals, and one individual in particular, without whose generosity CSIE would have closed during this year.
Trustees monitored closely whether applications for long-term projects and a new website held the potential to secure the future of CSIE. We applied for major funding from the Solidarity Fund of the National Lottery Fund and also applied for a number of smaller grants. At the Council Meeting 23rd March 2026, Trustees decided that if CSIE did not get through the first stage of the application process with the National Lottery, CSIE would need to close. On April 28[th] 2026, we heard that our bid had been unsuccessful. At an emergency meeting on May 13th, and in the light of the unsuccessful bid, Trustees confirmed the decision to close and to do this at the end of May. Trustees are now meeting regularly to ensure an orderly wind down of CSIE.
## **Reserves policy**
The Trustees had established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets (“the free reserves”) held by the charity should be no more than six months of the overhead costs for the following year, which equates to £28,137 based on the budget approved for 2025-26. At this level, the Trustees felt that the current activities of the Charity could continue until new funding was secured.
With the failure to secure new funding, we have provided a valuation of our assets and liabilities.
CSIE annual report and financial statements 2024-25
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## **CENTRE FOR STUDIES ON INCLUSIVE EDUCATION LIMITED**
**TRUSTEES’ ANNUAL REPORT**
## **YEAR ENDED 31 AUGUST 2025**
## **Investment policy**
The Trustees’ policy on investments is to ensure the best return with interest payments while safeguarding the quality of the placement of funds.
## **Risk review**
The Trustees maintain a Risk Register which is regularly reviewed and presents potential major risks to CSIE and action taken to mitigate these risks.
## **Independent Examination**
A resolution to re-appoint Joanne Trowbridge from Bristol Community Accountants CIC, as the Charity’s Independent Examiner will be proposed at the forthcoming Annual General Meeting.
## **Trustees’ responsibilities in relation to the financial statements**
The charity's Trustees are responsible for the preparation of the accounts in accordance with the terms of the Companies Act 2006 and the Charities Act 2011. In particular, the Companies Act 2006 and charity law require the Board of Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements the Board is required to:-
- prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).
- select suitable accounting policies and then apply them consistently;
- make judgements and estimates that are reasonable and prudent; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
- state whether applicable accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements;
The Trustees are also responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which are sufficient to show and explain the charity's transactions and enable them to ensure that the financial statements comply with the Companies Act 2006 and comply with regulations made under the Charities Act. They are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
CSIE annual report and financial statements 2024-25
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## **CENTRE FOR STUDIES ON INCLUSIVE EDUCATION LIMITED**
## **TRUSTEES’ ANNUAL REPORT**
## **YEAR ENDED 31 AUGUST 2025**
The Trustees are also responsible for the contents of the Trustees' report, and the statutory responsibility of the Independent Examiner in relation to the Trustees' report is limited to examining the report and ensuring that, on the face of the report, there are no material inconsistencies with the figures disclosed in the financial statements.
## **Approval**
The financial statements have been prepared implementing the 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 (FRS102) (effective 1 January 2019).
These accounts have been prepared in accordance with the provisions applicable to small companies subject to the small companies’ regime and in accordance with FRS102 SORP.
16/6/2026 16/6/2026 **………………………………………… ……………………………………..…… Stuart Burgess Philippa Stobbs (Chair) (Secretary)**
CSIE annual report and financial statements 2024-25
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## **CENTRE FOR STUDIES ON INCLUSIVE EDUCATION LIMITED**
## **INDEPENDENT EXAMINER’S REPORT**
## **YEAR ENDED 31 AUGUST 2025**
I report on the unaudited accounts for the year ended 31[st] August 2025 set out on pages 18 to 27.
## **Responsibilities and basis of report**
As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
## **Emphasis of Matter – Cessation of Charitable Activities**
I draw attention to Note 1a, in the financial statements, which indicates that the Trustees have made the decision to wind up the affairs of the charitable company and cease operations by 31[st] May 2026. As a result, the Trustees do not consider the charity to be a going concern and have prepared the financial statements on a basis other than that of a going concern (a "break-up" basis). My opinion is not modified in respect of this matter.
## **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:
- accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
- the accounts do not accord with those records; or
- the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view which is not a matter considered as part of an independent examination; or
- the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
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 accounts to be reached.
Joanne Trowbridge MAAT Bristol Community Accountants CIC, The Park, Daventry Road Knowle, Bristol, BS4 1DQ
17/6/2026 ………………………………………. Date………………………….
CSIE annual report and financial statements 2024-25
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## **CENTRE FOR STUDIES ON INCLUSIVE EDUCATION LIMITED**
## **STATEMENT OF FINANCIAL ACTIVITIES (Including Income and Expenditure Account)**
## **YEAR ENDED 31 AUGUST 2025**
|**Note**
**Income and Endowments From:**
Donations and Legacies
**3**
Charitable Activities
**4**
Investments
**5**
Other
**6**
**Total**
**Expenditure On:**
Raising Funds
**7**
Charitable Activities
**8**
Lobbying
Other
**9**
**Total**
**Net income/(expenditure)**
**10**
**Net movement in funds**
**Reconciliation of Funds:**
Total funds brought forward
**Total funds carried forward**
**18**|**Unrestricted**
**Funds**
**£**
39,080
2,829
417
843|**Restricted**
**Funds**
**£**
10,000
-
-
-|**2025**
**Total Funds**
**£**
49,080
2,829
417
843|**2024**
**Total Funds**
**£**
33,837
22,591
456
321|
|---|---|---|---|---|
||43,169|10,000|53,169|57,205|
||10,806
27,734
1,801
2,663|-
36,114
-
-|10,806
63,848
1,801
2,663|20,495
42,624
3,062
5,418|
||43,004|36,114|79,118|71,599|
||165|(26,114)|(25,949)|(14,394)|
||165
(9,912)|(26,114)
32,677|(25,949)
22,765|(14,394)
37,159|
||(9,747)|6,563|(3,184)|22,765|
The charity has no recognised gains or losses other than the results for the year as set out above.
The notes on pages 21 to 27 form part of these financial statements
**- 18 -**
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## **CENTRE FOR STUDIES ON INCLUSIVE EDUCATION LIMITED**
## **STATEMENT OF FINANCIAL ACTIVITIES (Including Income and Expenditure Account)**
## **YEAR ENDED 31 AUGUST 2025**
## **Analysis of prior year funds, as required by paragraph 4.2. of the SORP**
|**Income and Endowments From:**
Donations and Legacies
**TRUE**
Charitable Activities
**TRUE**
Investment
**TRUE**
Other
**TRUE**
**Total**
**Expenditure On:**
Raising Funds
Charitable Activities
Lobbying
Other
**Total**
**Net income/(expenditure)**
**Net movement in funds**
**Reconciliation of Funds:**
Total funds brought forward
**TRUE**
**Total funds carried forward**|**Prior Year**
**Funds**
**Total Funds**
**£**
3,937
22,591
456
321
**Unrestricted**|**Prior Year**
**Restricted**
**Funds**
**Total Funds**
**£**
29,900
-
-
-|**Prior Year**
**Total**
**Funds**
**Total Funds**
**£**
33,837
22,591
456
321|
|---|---|---|---|
||27,305|29,900|57,205|
||20,494
41,901
3,062
5,418|-
723
-
-|20,495
42,624
3,062
5,418|
||70,876|723|71,599|
||(43,571)|29,177|(14,394)|
||(43,571)
33,659|29,177
3,500|(14,394)
37,159|
||(9,912)|32,677|22,765|
**- 19 -**
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## **CENTRE FOR STUDIES ON INCLUSIVE EDUCATION LIMITED**
## **BALANCE SHEET**
## **YEAR ENDED 31 AUGUST 2025**
|**Note**
**Current assets**
Stock of publications
**12**
Trade debtors
**13**
Cash at bank -
Lloyds TSB Current Account
CAF Accounts
_Total current assets_
**Liabilities**
**Creditors : Amounts falling**
**due within one year**
**14**
_Net Current assets or liabilities_
**_Total net assets or liabilities_**
**The Funds of The Charity**
**16**
Restricted income funds
Unrestricted funds
**_Total charity funds_**|**2025**
**£**
-
2,529
911
95|**2025**
**£**
(3,184)|**2024**
**£**
5,733
240
84
20,184|
|---|---|---|---|
||3,535
(6,719)||26,241
(3,476)|
||6,563
(9,747)||22,765|
|||(3,184)|22,765|
|||(3,184)|32,677
(9,912)|
||||22,765|
The directors are satisfied that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
## Directors' responsibilities:
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to small companies subject to the small companies' regime and in accordance with FRS102 SORP.
**----- Start of picture text -----**
16/6/2026
**----- End of picture text -----**
These financial statements were approved by the trustees on ………………. and are signed on their behalf by:
………………………………. ……………………………….
Stuart Burgess - Chair
Philippa Stobbs - Secretary
**- 20 -**
Docusign Envelope ID: BA9525F4-F22C-878A-82B5-B5B585230F0A
## **CENTRE FOR STUDIES ON INCLUSIVE EDUCATION LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31 AUGUST 2025**
## **1 Accounting Policies: Basis of Preparation and Performance**
Centre for Studies on Inclusive Education is a registered charity and a company limited by guarantee and is governed by its Memorandum and Articles of Association, the Companies Act 2006 and the Charities Act 2011. Its company registration number is 02253521 and its charity number is 327805
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019), the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS102) and the Charities Act 2011 and Companies Act 2006.
The charity meets the definition of a public benefit entity as defined by FRS 102.
## a) **Basis of accounting and winding-up presentation**
The Trustees have determined that the going concern basis of preparation is no longer appropriate for these financial statements. On 13 May 2026, following the notification on 28 April 2026 that a critical funding application to the National Lottery Community Fund was unsuccessful, the Trustees passed a formal resolution to cease all charitable trading and systematically wind up the affairs of the company. The official date for the cessation of operations was set for 31 May 2026, after which steps are being taken to formally dissolve the company at Companies House
Consequently, as required by Section 32 of FRS 102 and Module 13 of the Charities SORP, these financial statements have been prepared on a basis other than that of a going concern (commonly referred to as a "break-up" or "non-going concern" basis). Under this basis of preparation:
1. Current assets have been measured and written down to their net realisable values.
2. Fixed assets have been fully depreciated, amortised, or written down to their net realisable values where appropriate. 3. No long-term assets or liabilities are presented on the balance sheet, and all balances have been reclassified into current items reflecting a realisation window of less than 12 months from the reporting date.
## b) **Adjustment of asset values**
To reflect the non-going concern basis of preparation, the remaining stock of functional publications has been reviewed by the Trustees and written down to a net realisable value of £Nil (2024: £5,733), resulting in an exceptional stock writeoff charge of £5,733 recognised within expenditure on charitable activities during the period.
## c) **Material non-adjusting post-balance sheet events**
As the definitive trigger events and formal board resolutions to wind down the charity occurred entirely after the reporting period (in April and May 2026 respectively), they represent non-adjusting events under FRS 102 Section 32. Accordingly, no provisions for future costs arising directly from the window of closure including contractual penalties, termination agreements, and statutory staff redundancies have been recognised as liabilities or pulled back into the balance sheet as of 31 August 2025.
A formal redundancy plan was communicated to staff following the decision on 13 May 2026. The total estimated terminal obligations expected to be incurred during the wind-down period subsequent to the balance sheet date comprise:
1. Statutory redundancy and staff termination obligations: £25,068.
2. Ring-fenced professional, closure, and legal dissolution fees: £1,805.
As the charitable company does not hold sufficient unrestricted cash assets to fully clear these impending structural terminal liabilities, the charity is actively assisting the remaining staff members with claims to the UK Government's Redundancy Payments Service (RPS). These costs will be recognised as expenses in the subsequent and final period of account.
**- 21 -**
Docusign Envelope ID: BA9525F4-F22C-878A-82B5-B5B585230F0A
## **CENTRE FOR STUDIES ON INCLUSIVE EDUCATION LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31 AUGUST 2025**
## d) **Creditor liability – Rix Thompson Rothenberg (RTR) Foundation**
Included within 'Creditors: amounts falling due within one year' is a balance of £3,500 owed to the RTR Foundation. Following the decision to close the charity, the RTR Foundation has agreed in principle to waive the repayment of this balance. However, this waiver is subject to formal ratification at the RTR Board meeting scheduled for 18 June 2026. As this formal approval takes place after the balance sheet date and after CSIE’s cessation date, the liability remains fully recognised in these financial statements and will be derecognised within the subsequent final closure accounts.
## e) **Related party financial support**
To mitigate operational deficits and prevent the accumulation of further trading debts during the wind-down period, a member of key management personnel has supported the charity by unconditionally donating back their monthly salary from September 2025 up to the closure date of 31 May 2026.
## **2 Accounting Policies**
- a) Income from donations is included in income when these are receivable, except as follows:
i) When donors specify that donations given to the charity must be used in future accounting periods, the income is deferred until those periods.
ii) When donors impose conditions which have to be fulfilled before the charity becomes entitled to use such income, the income is deferred until the pre-condition have been met.
- b) Expenditure is recognised in the period in which they are incurred. Expenditure includes any attributable VAT which cannot be recovered.
- c) Most expenditure is directly attributable to specific activities, and have been included in those cost categories. Support cost relating to unrestricted activities have been allocated on the following basis, which is an estimate, based on staff time in the year, of the amount attributable to each activity.
|Raising Funds|30%|
|---|---|
|Charitable Activities|60%|
|Lobbying|5%|
|Other|5%|
- d) Rentals applicable to operating lease agreements where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight-line basis over the period of the lease.
- e) The company contributes to defined personal pension schemes maintained by staff. Contributions are charged to the year in which they relate.
- f) The stock of publications are valued by the trustees at the lower of cost and net realisable value.
- g) Unrestricted funds can be used in accordance with the charitable objects at the discretion of the trustees.
- h) 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 particular restricted purposes.
- i) Donated services and facilities, that would otherwise have been purchased, shall be measured at the value to the charity.
- j) The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently recognised at amortised cost using the effective interest method.
**- 22 -**
Docusign Envelope ID: BA9525F4-F22C-878A-82B5-B5B585230F0A
## **CENTRE FOR STUDIES ON INCLUSIVE EDUCATION LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31 AUGUST 2025**
## **Income and Endowments From:**
|**3**
**Donations and Legacies**
**Grants and Donations:**
Donations
Grants
Small donations
In Kind Zoom licence
In Kind mentoring fee
In Kind financial advice fee
_Total 2024_
**4**
**Charitable Activities**
Sale of resources
Services for schools
Consultancy
Training and presentation fees
_Total 2024_
**5**
**Investments**
Bank interest
_Total 2024_
**6**
**Other**
Royalties
Compensation
_Total 2024_|**Unrestricted**
**Funds**
**£**
33,458
-
244
1,078
300
4,000|**Restricted**
**Funds**
**£**
-
10,000
-
-
-
-|**2025**
**Total Funds**
**£**
33,458
10,000
244
1,078
300
4,000|**2024**
**Total Funds**
**£**
1,184
29,900
60
1,078
1,050
565|
|---|---|---|---|---|
||39,080|10,000|49,080|33,837|
|||||**2024**
**Total Funds**
**£**
148
7,221
14,460
762|
||_3,937_|_29,900_|_33,837_||
||**Unrestricted**
**Funds**
**£**
284
-
1,862
683|**Restricted**
**Funds**
**£**
-
-
-
-|**2025**
**Total Funds**
**£**
284
-
1,862
683||
||2,829|-|2,829|22,591|
|||||**2024**
**Total Funds**
**£**
456|
||_22,591_|_-_|_22,591_||
||**Unrestricted**
**Funds**
**£**
417|**Restricted**
**Funds**
**£**
-|**2025**
**Total Funds**
**£**
417||
||417|-|417|456|
|||||**2024**
**Total Funds**
**£**
301
20|
||_456_|_-_|_456_||
||**Unrestricted**
**Funds**
**£**
843
-|**Restricted**
**Funds**
**£**
-
-|**2025**
**Total Funds**
**£**
843
-||
||843|-|843|321|
||||||
||_321_|_-_|_321_||
**- 23 -**
Docusign Envelope ID: BA9525F4-F22C-878A-82B5-B5B585230F0A
## **CENTRE FOR STUDIES ON INCLUSIVE EDUCATION LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31 AUGUST 2025**
## **Expenditure on:**
|**7**
**8**|**Raising Funds**
Fund raising expenses
_Total 2024_
**Charitable Activities**
Equality: Making it Happen
Archiving Project
Bristol Parents Project
Resilience Project
Service provision costs
Written off obsolete Stock
Repaid grant
Allocation of support costs
_Total 2024_
**Support Costs**
Staff costs
Conferences & training
Rent and services
Post & stationery & telephone
Sundry costs
Website costs
Information & subscriptions
Bank charges
Payroll costs
Insurance
Bad debt written off
Professional fees
_Total 2024_
_Allocation of Unrestricted support costs_
Support costs
Raising funds
Charitable activities
Lobbying
Other|**Unrestricted**
**Funds**
**£**|**Restricted**
**Funds**
**£**|**2025**
**Total Funds**
**£**|**2024**
**Total Funds**
**£**|
|---|---|---|---|---|---|
|||10,806|-|10,806|20,495|
||||||**2024**
**Total Funds**
**£**
276
723
-
-
3,022
1,854
-
36,749|
|||_20,495_|_-_|_20,495_||
|||**Unrestricted**
**Funds**
**£**
276
-
-
-
113
5,733
-
21,612|**Restricted**
**Funds**
**£**
-
6,384
5,352
628
143
-
3,500
20,107|**2025**
**Total Funds**
**£**
276
6,384
5,352
628
256
5,733
3,500
41,719||
|||27,734|36,114|63,848|42,624|
||||||**2024**
**Total Funds**
**£**
53,032
1,071
1,029
375
227
182
1,210
264
590
1,653
-
1,615|
|||_41,901_|_723_|_42,624_||
|||**Unrestricted**
**Funds**
**£**
27,970
186
555
485
81
4,202
1,204
298
452
248
39
300|**Restricted**
**Funds**
**£**
20,090
-
-
-
-
17
-
-
-
-
-
-|**2025**
**Total Funds**
**£**
48,060
186
555
485
81
4,219
1,204
298
452
248
39
300||
|||36,020|20,107|56,127|61,248|
||||||**2024**
£
(61,248)
18,375
36,749
3,062
3,062|
|||_61,248_|_-_|_61,248_||
|||||**2025**
£
(36,020)
10,806
21,612
1,801
1,801||
|||||-|-|
**- 24 -**
Docusign Envelope ID: BA9525F4-F22C-878A-82B5-B5B585230F0A
## **CENTRE FOR STUDIES ON INCLUSIVE EDUCATION LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31 AUGUST 2025**
Information and subscriptions include in kind Zoom licence donation valued at £1,078 (2024: £1,078) Professional fees include financial and mentor fee donations valued at £300 (2024: £1,615) Website fees include website donations valued at £4,000 (2024: £nil)
## **9 Other**
|Independent examiners fees
Accounts preparation fee
Legal fees
_Total 2024_
**10**
**Net income/(Expenditure)for the year**
**This is stated after charging:**
Independent Examiners fee (ex. VAT)|**Unrestricted**
**Funds**
**£**
543
319
-|**Restricted**
**Funds**
**£**
-
-
-|**2025**
**Total Funds**
**£**
543
319
-|**2024**
**Total Funds**
**£**
494
328
1,534|
|---|---|---|---|---|
||862|-|862|2,356|
|||||**2024**
**£**
494|
||_2,356_|_-_|_2,356_||
||||**2025**
**£**
543||
## **11 Taxation**
The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.
|**12**
**Stock of Publications**
Opening stock of publications
Written off obsolete stock
Closing stock of publications
Cost of publications sold in 2024/2025|**2025**
**£**
5,733
(5,733)
-|**2024**
**£**
7,586
(1,853)
(5,733)|
|---|---|---|
||-|-|
Production cost of publications sold in 2024/25 £nil (2024: £nil) are shown within production & distribution costs (note 8). The production costs incurred in previous years but are recognised as expenditure when publications are sold. Unsold stock of publications are held as an asset within the balance sheet.
**- 25 -**
Docusign Envelope ID: BA9525F4-F22C-878A-82B5-B5B585230F0A
## **CENTRE FOR STUDIES ON INCLUSIVE EDUCATION LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31 AUGUST 2025**
## **13 Debtors**
|Trade debtors
**14**
**Creditors: amounts falling due within one year**
Trade creditors
HMRC - PAYE
HMRC - VAT
Accruals - Independent Examination
Other creditors - owed to RTR Foundation
**15**
**Staff Costs**
Salaries
Social Security Costs
Less Employment Allowance
Pension Contributions|**2025**
**£**
2,529|**2024**
**£**
240|
|---|---|---|
||2,529|240|
||**2025**
**£**
1,218
1,480
(513)
1,034
3,500|**2024**
**£**
1,737
612
141
986
-|
||6,719|3,476|
||**2025**
**£**
40,643
4,426
(4,426)
2,991|**2024**
**£**
47,587
3,672
(1,335)
3,108|
||43,634|53,032|
The average monthly head count was 2 staff (2024: 1.64 staff)
There were no members of staff who received emoluments in excess of £60,000 per annum.
## **16 Related party transactions**
The key management personnel of the charity comprise the board of trustees & the senior management. The trustees received no remuneration during the year. The total employee benefits of key management personnel (including employers National Insurance and pension contributions), total £39,685 (2024: £39,299).
During the year, a member of key managment personnel, made an unconditional donation of £25,000 to the charity. This was a gift and no goods or services were received in return. The transaction was conducted in the normal course of the charity’s fundraising activities, and no conditions were attached which would influence the charity's operating activities. The donation represents 50% of the charity's total income for the year.
Since the balance sheet date, a member of key management personnel has continued to support the charity during its wind-down phase by unconditionally donating back their monthly salary from September 2025 through to May 2026
There were no other related party transactions during the year (2024: £nil)
## **17 Trustee expenses & reimbursement**
The charity trustees were not paid or received any other benefits from employment with the charity in the year (2024: £nil) No trustees were reimbursed travel expenses during the year (2024: £nil). No charity trustee received payment for professional or other services supplied to the charity (2024: £nil).
**- 26 -**
Docusign Envelope ID: BA9525F4-F22C-878A-82B5-B5B585230F0A
## **CENTRE FOR STUDIES ON INCLUSIVE EDUCATION LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31 AUGUST 2025**
|**18**
**Movements in funds**
**Unrestricted funds**
General Funds
**Total Unrestricted Funds**
**Restricted Funds**
Rix Thompson Rothenberg Foundation
National Lottery Heritage Fund
Community Lottery Grant
Resilience Grant
**Total Restricted Funds**
**Total Funds**|**At**
**01-Sep**
**2024**
**£**
(9,912)|**Incoming**
**resources**
**£**
43,169|**Outgoing**
**resources**
**£**
(43,004)|**Transfers**
**£**
-|**At**
**31-Aug**
**2025**
**£**
(9,747)|
|---|---|---|---|---|---|
||(9,912)|43,169|(43,004)|-|(9,747)|
||3,500
9,227
19,950
-|-
-
-
10,000|(3,500)
(9,227)
(16,242)
(7,145)|-
-
-
-|-
-
3,708
2,855|
||32,677|10,000|(36,114)|-|6,563|
|||||||
||22,765|53,169|(79,118)|-|(3,184)|
## **Purpose of restricted funds:**
Rix Thompson Rothenberg Foundation Deliver disability awareness workshops National Lottery Heritage Fund Archiving Project Community Lottery Grant Bristol Parents Project Resilience Grant Strategic development to build resilience
## **19 Analysis of net assets between funds**
|Cash at Bank and In Hand
Other Net Current Assets/Liabilities)
**Total**|**General**
**Funds**
**£**
(5,557)
(4,190)|**Restricted**
**Funds**
**£**
6,563
-|**Total**
**Funds**
**£**
1,006
(4,190)|
|---|---|---|---|
||(9,747)|6,563|(3,184)|
## **20 Company limited by guarantee**
The company is limited by guarantee and as such has no issued share capital. In the event of the company being wound up the liability of the members is limited to £1 each.
**- 27 -**