IA Ileostomy and Internal Pouch Association Registered Charity No. 1172338 (England and Wales) and SC048658 {Scotland) A Company limited by guarantse in England and Wales No. 10375943 ANNUAL REPORT and ACCOUNTS 2025 Because we know, we care IA IA Ileostomy and Internal Pouch Association (Originally established 19561 Registered Charity No. 1172338 Registered Company No. 10375943 PRINCIPAL ADDRESS AND REGISTERED OFFICE Danehurst Court. 35-37 14ltst Street. Rothford, Essex SS4 18E PRESIDENT: Professor Gordon Cadson CBE, Bsc (Hons). MB ChB (Hons). MD. FRCS, FRCS {Gen), FRCSEd (Ad Hom) BOARD OF TRUSTEES Chair. Viwhair.. Mr Stuart Hay Ms Anna Rennie Trustees: Mr Justin Bishop Ms Cepta Burke Mr Scott Clrflord Mr David Drakeley (until 24 November 20241 Mrs Carol Katté RGN, DipN{LorKI), NDNCert. ENB216 Mr Richard Lovegrove MB, BS, MD. FRCS (from 28 October 2025) Mr Amar Panthal (until 17 May 2025) Professor Thomas Pinkney MBChB. MMedEd. MD. FRCS (from 13 September 20251 Mrs Jacqui Sibbald Ms Brigttte SElken Mr John Small Mr Neil Smart MBBS{Hons), MD. PhD. FRCSEd. MFMLM (until 6 June 2025) Ms Tra￿Y Usher Annual Report 2025 IA NATIONAL OFFICERS Chief Exe￿lIve Officer and National Treasurer.. Mr Michael Bell FCCA National offi￿ Manager. PR & Communications ManagerllA Joumal Edrtor. Ms Leann Lepley Mrs Caroline Bramwell PROFESSIONAL ADVISERS Bates Wells & Braithwaite LLP 10 Qu￿n Street PLqce London EC4R 1BE Legal advisers: Principal bankers.. The Cwperative Bank PO Box 250. Hou*. Soutlwiay, Skelmersdale WN8 6 Sumer Audrt Piper House, 4 [￿ke$ Court, Bognor Road. Chichester P019 8FX Rathbone Investment Management Limited George House. 50 George Square, Glasgow G2 1 EH Auditors.. Investrnent manager. Annual Report 2025 IA BOARD OF TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT) The Board of Trustees has pleasure in presenting rts report for the year ended 30 September 2025. This report represents a Directors, Report as required by s417 of the Companies Act 2006. The financial statements have been prepared in accordan￿ with the accounting policies set out in note 1 to the financial ststements aTrJ compty wrth the tharTty'S goveming dO￿rnent. the Companies Act 2006 and "Accounb"ng and Reporting by Chanties". Statement of Recommended Practice applirAbk to tharities preparing their accounts in aC0)rdan￿ wth the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS102)' (as amended for accounting peric%ls commencing from 1 January 2019). LEGAL STATUS AND OBJECTS Ileostomy and Intemal Pouch Association is a Company Limtied by Guarantee in England and Wales (10375943) and is a Chanty registered in England arKJ Wales no 1172338 and in Scotland no. SC048658 wilh a working name of IA. The Chartty ts governed by its Articles of Association, last amended in Augusl 2018 A￿hoUgh the Company was incorporated on 14 September 2016 il remained donnant unbl 30 September 2018, wrth the Chanty operating until that date as an unincorporated a550cialion registered in EnglarKI and Wa￿5 UTKJer tharity number 234472 in the name of IA. The Charity's principal address and registered office is Danehurst Court. 35-37 West Street, Rochford, Essex SS4 1 BE. In setting the Charity's objectrves and planning its actrvtiies the Trustees have given carefvl consideration to the Charity Commission's general guidan￿ on public benefrt and in particular to its supplementsry public benefft gujdance on the relief of those in need by reason of i11-hea￿h. IA'S objects are.. To help anyone whose colon has tr￿en, or is about to be, removed by surgical procedure or who has an ileostomy or an intemal pouch; To promote and co-ordinats research into bowel disease and other conditions leading to the removal of the colon, surgical pro￿ureS pertaining thereto, and related matters, and fvrther to promote the dissemination of knoWI￿1ge gained by such research: To keep ileostomists and others infomied of all matters of interest to the Charity by the periodic dissemination of informats.on by way of publications, by arranging ￿nferenCes, Semina￿ and courses on topics of interest, and in any other manner which is charrtable and which the trustees consider appropriate. ORGANISATIONAL STRUCTURE This charity was originally fourKloJ in 1956 operat&J as a tharitable unincorporaled association registered under tharity number 234472 until 30 September 2018. Al that point, it transfe￿ed its undertakings, induding all activilies, employees and assets subject to all its liabiltties in its entirety to a charitable Company Limited by Guarantee. I￿OSIOMY and Intemal Pouch Associalion. company number 10375943 (England and Wales) through which it now operates. Throughout its existen￿. IA has operated a number of local groups. known as member organisations, which are located throughout the Unrted Kingdom. Member organisations operate either as an Inlegrated Branch (hereinafter temed "Branch"} of Ihe national chanty, or as an Affiliated Member Organisation (hereinafter tenned "Affiliate-) which is a separate charity from the national charity, wth the relalionship be￿een the Affiliate and the national charity being governed by an Affiliation Agreement. During the period under revmv there were 41 member organisations, of whith 36 operated as Branches and 5 as Affiliates. The trustees of the national chartty, who are also the diredors for the purposes of company law, who served during the year. are listed on page 2. None of the trUst￿S has any beneficial Inte￿St Annual Report 2025 IA in the company. All of the trustees are members of the company and guarantee to ojntribute £1 in the event of a winding up. The members of the Company consist of the boar(l of trustees and one representative from each member organisation, ensuring that member organisations are ￿ntral to the tharity's goveman and policy setting. There are generally four board meetings a year whith was the case in the year under review, with three meetings taking pla￿ online and one in person. The Tnjstees believe that working in this way is both more economic and a more efficient use of time and resour￿$, and thal this does not affert their abilty to discuss important issues arKI make decisions where appropriate. Applications for elected trustee positions are invited from member organisation5 when a position becomes available and any applications are deaft with by the Trustee Recruitment and Selection subo on the previous year's levels. During the year we continued to update our existing leaflets and this will work will continue in the current year. Annual Report 2025 IA Enquiries regarding travel were up 75Yo this year compared to the previous year, and there is still a demand our popular travel ￿rtIfiCateS which. in a range of languages, explain the conditions of ileoslomy and intemal pouch. Promotional items vftre made available to local groups aTrJ members for distribution at exhibitions, meetings and open days to further publiase the support that is availab￿ from IA. We currently have 41 member organisations iocated throughout the United Kingdom. These continue to provide infornation, advice and assistan￿ to existing, new and potential members. We also continue to offer Valuab￿ support via our One20ne Support service, Support Through Therapy service and our Specialist Core Rehabilrtation prcgram. further details of which are provided below. To promote and Coryordinate research into bowel disease and other conditions leadlng to the rernoval of the colon. surgical procedures pertaining thereto, and related matters, and further to promote the dissemination of knowledge gained by such research. No new funding applications for research were receiveJJ during the year under rewew, which was also the case in the previous year, and this is disappointing given there are funds available. There has been a dearth of grant appli12tions in the years Sin￿ Covid, and we would encourage polential applicanls to ￿nSider applyirvJ for grant fuTrJing as V*e continue to Icok for high qualty research to support. As an organisation we continue to consider how we can improve take up of the funds available. The recent appointrnent of IAVO new trustees onto the board with extensive Colo￿¢tal surgical experience should assist in this regard. Although there was no funded research undertaken this year, IA continues to assist with a variety of research projects involving members, participation through the dissemination of suryeys and questionnaires covering a wide range of subpcts. In the year under ￿VIeW this included - Proposgj Questionnaire for Vegetarian Ileostomists to improve post-operative infonnation: Oxford University Hospttals Research sludy exploring how adults V￿th inftammatory b0￿e1 disease adjust to getting a stoma.. Canterbury Christchurch Universty Sex-PROM study- developing a sexual frjndion pat￿nt-repOrted outcome measure.. Robin Phillips Fistula Research Unrt, St Mark's AtsdeM￿ InstitLrte PAVFCOMS Study.. Development of a Core Outcome Measurement Set for Pouch Anal and Vaginal Fistulae.. London North West Untversity Healthcare NHS Trust To better understand the everyday lrfe, experiences, and needs of patvarrts living with a stoma, as well as discussing potential treatrnent approaches and how pat*nts liwng with stomas can ￿ better supported in their everyday lrfe. Liberating Research Empowering vol￿$. UrhJerstarKliThJ Dr¥erse EXperien￿S in Gynaecological Cancer Care.. University of Limerick Patient and Cliniaan Voices in Bladder and Bowel Care" Patients Association Validating a leak detection devi￿". Uster Universty Digital Cohort for colo￿¢tal Can￿r Survivors.: Universities of Leeds and Newcastle A 104ninute online survey about the drfferent hea￿hcare companies involved in manufacturing ostomy prc*Juc*s'. ExaField To keep ileostomists and other5 infomied of all matterJ of interest to the Charfty by the perlodlc dissemination of infomiation by way of publlcatlons. by arranging conferences, seminar5 and courses on topics of Interes( and In any other manner whlch is charitsble and whlch the trustees consider appropriate. The quarterty IA Joumal continues to be the primary fom of communication behveen the Charty and members. providing update5 With the latest developmenls in prcNJucts and services along wilh human interest stories aNI other artides of interest, such as readers, letters. m&Jical articles and Annual Report 2025 news items. The regular article from an exercise expert continues to be well re￿1V￿j by readers, as does the regular article on dEt from a qualtfied dietician_ A series of articles focusing on employment challenges were also featured during the year. The Joumal Editor Continues to further develop the Joumal so that r( remains the valuable resource that it is to members and other interested parties moving forward. Although the IA Joumal still remains the primary fonn of o)mmunication with our members, social media channels also play an ever increasing role in communicating wrth members and the wider stoma communty. Our channels 1ndL￿￿e Fa￿boOk, Instagram, X {fomierly Twitter) and YouTube and there are plans to put an even greater focus on this area over the coming year. CampaMJns run during the year included Intemal Pouch AWa￿nesS Month in October, which proved to be very popular. In addrtion to public soual media channels, our private Fa￿bOOk group IA Pouch Pals, which is there to help support those with intemal pouches and offer them a private safe Spa￿ to interact, continues to attract new members. All who have an interest in inlemal pouches are welcome. whether they are IA members or not. Having held a new regional event, our Scottish Infonnation Day in 2023, a second Scottish Infomiation Day was held in Stirting in October. Over 45 dekgates attended the day, with the feedback from delegates praising Ihe ex￿lIent variety and calibre of the guest speakets and workshops, as well as the topics cover￿. Following on previous successful events over the past few years, we held another Pouch Information Day in septeMtr￿r 2025 in BiThingham with a theme of"Everything you ever wanted to know about pouches (bLrt were afraid to ask)". Speakers induded pouch surgeon Abi Patsl, dietitian Sophie Turigel and Psychotherapist Carrie Helman. wlth fomial presentations in the moming followed by infonnal smalkgroup discussions in the aftemoon. There was also the opportunity to speak with other"pouchies- about the lived experience of being a pouch patient, and to see a range of useful equipment. We held our usual Annual Info￿at￿n Day in April 2025. this time in Manchester. The number of attendees continued at a similar level to the prEvious year. The programme contained presentations on matters such nutrrtional deficiencies and hydration issues for peopte with ileotomies or internal pouches, developing services that meet patEnt needs in rek3tion to paraslomal hemias, medicine mattets, and the future of stoma care, as well as a number of popular workshops, and the event was once again well received. The event also all0v￿￿ both members and non-members the opportunty to meet together in both fomial and infomal settings to discuss issues of common interest. share personal eXperien￿S and leam from the range of talks and workshops provided. Other online events have been held throughout year, inclL*Jir¥J monthly Coffee and Chat online session run by the Intemal Pouth SUt￿cOmM[11￿. The Charity's website continues to be further develop8J and improved to ensure rt remains relevant and infonxative for all ts users. SERVICES FOR MEMBERS SeNices for members and potential members continued, as dKI the work of the associalion under the appropriate national Offi￿r$ as listed on page 3. At national offi￿, enquiries of a general nature came from potential and existing members, healthcare professionals and commercial companies and wort(ing relationships continued wtth rnember organisations, Govemment bodies and associated patient support organisations. IA'S websrte remains a popular resource for infomiation to those looking for guidance on living with an ileostomy and intemal poud). There were five SUC￿ssful applications for welfare grants this year with total grant payments of £2,202 made from the Welfare Fund. This vras a similar level to the preV￿u$ year, vthere grants Annual Report 2025 IA awarded lolalled £2,043 Further consideration will be given lo updating the we￿are grant application process and cnteria to make the offer more attra¢Jive to potential applicants. Matched funding continued to assist member organisations to support local projects such as equipment for hospitals arKi heathcare professionals. This year grants totalling £2,000 were paid out under this scheme (see Note 8 on page 31), ￿rnPared to £1,458 last year. Our Specialist Core Rehabilitation Progr3m, run in association with clinical exercise specialist Sarah Russell and funded by the Robert Wainwright fund, continued to provhde free online core rehabilitation classes for any memter with an iFeotomy or intemal pouch, as well as those who have reversal surgery or a parastomal hernia. We would encourage members to apply for funding for these classes which have proved very useful for attendees to date. Our One20ne Support servi￿, continues to offer high quality support to patEnts by volunteers who have lived experience with an iknstomy or intemal pouth. IA Support Volunteers work in Conjunct￿n with stoma care nurses to offer a unique non4nedical perspective which can be Invaluab￿ in recovery from surgery and at the start of a new lrfe with an ileostomy or an intemal pouch. Anyone can request support from the volunteers - there is no requirement to be an IA member to use One20ne Support. Over the past year we continued to identify and train mo volunteers using our new ASCN endorsed training course. We continue to fvrther develop and actively promole One20ne Support going fonward. Although referrals were slightly down on the previous year, effort had been made to ensure the monitoring of local requests to ensure they were completed, and this helped enhan￿ the servi￿. are also planning to offer an in person training course alongside our online course to help train more support volunteers. Our Support Through Therapy service, launched in October 2024 and set up for membets who require professional emotM)nal support before or after their stoma or internal pouch sunJery (this being in addition to and operating alongside our One20ne support service) continued to offer support to members at a critical time in their lives. Our panel of therapists offer a safe Spa￿ and an outiet for peopie to share their issues and get help to wocess what they are experiencing, and we have been graffied to see very positi'bE feedback from those utilising this sery1￿. GRANT MAKING POLICY Members of IA benefft from a number of grants which enab￿ them to apply for funding to attend events and purchase essent'Eal tiems. Bryan N Brooke IA Overseas Travel Fund.. Professor Bryan Brooke, IA'S national founding President, wanted to enable ordinary IA members to attend intemational meetings, which they otherwise might not consider. Therefore. the Bryan N Brooke (IA) Overseas Travel Fund {BBOTFI was set up to assist IA members wrth their travel costs for overseas meetings and events. The fLJnd was established as Bryan Brooke's retirement gfft from IA and in memory of his contributs.on as PresMJent for over 20 years. Victoria Wlls (IA) Intemal Pouch Bursary: This bursary is availab￿ for members with an intemal pouch to assist wrth their travel costs to rdevant IA meetings and events. Welfare Fund.. This fiJrKI has been set up to assist IA membets who are experiencing financial hardship to.. > Purchase essential item{s) wthere ileostomy or intemal pouth surgery has directly affected the need for the rtem{s). Provide towards a convalescent break immediately following ileostomy or intemal pouch surgery. Purchase es*ntial medical equipment vthich is not covered by a state grant or benefit Annual Report 2025 IA YIA Bursary Fund: The Young IA Bursary Furnl has been sel up to fund IA members under the age of 40 to attend events in Circumstan￿ whereby IA member may not be able lo attend the event through financial hardship. Research Fund.. This furnl supports research being carried out throughout the UK. This support can take the form of financial asSistar￿, or promoting awareness of research being carried out that may be of benefft to members. Each fund has tts own set of grant making guidelines which must be adhered to and all applicalions are assess&J by the appropriate board sub-committee. Information and instructions for making an application are availab￿ to members, and appliCat￿n fomis available from national office. These grant making adivities contribute to the athiev￿￿ent of IA'S aims and objertives by.. Helping those with an ileostomy and intemal pouch who are in financial hardship. Providing a service to its members, and keepiro ileostomists and those with an intemal pouch informed by giving them the opportunty to attend a vanety of o)nferences, meetings and seminars. Promoting researth by enabling members to attend a variety of research events andlor participate in research activitses. We continue to encourage the take up of the vanous grants available as the ￿Ve1 of applications has remained low over recent years. MEETING STRATEGIC OBJECTIVES Our current strategic plan runs from 2022-25. During the year under review. we achiev￿1 a number of the strategic objectives contained in the plan, details of which were noted above. In addition to these activities, we also carried out the followrKJ in order to meet the strategic obiecttves induded in the plan. Ralslng awareness We managed to Se￿re an artrcle about one of our Intemal Ptyjch advocates and their joumey to an intemal pouch in Chat magazine. In order to extend our reach, we attend&J a number events and exhibitions, including the Association of Stoma Care Nurses (ASCN) annual event. which was a joinl congress this year befv￿n ￿ET (Worfd Coun￿1 of Enterostomal Therapists) and ASCNI. the Association of Coloproctology of Great Britsin & Ireland {ACPGBI) conferen￿, and the Best Practi￿ conference {an event aimed at UK heathcare professionals in general practi￿ and primary care). We continued to advertise in relevant trade publications. such as the British Joumal of Nursing. Communty Nursing magazine arKI the Gastrointests"nal Nursing magazine. Advocating on behalf of our members and representing their interests extemalty IA was one of the patient and professKJnal organisatKsns working together in partnership with IBD UK to improve stsndards of care and treatsnent for everyone with Inflammatory Bowel Disease, culminating in a report titled "IBD UK report.. The State of IBD Care in the UK". This report describes the results of the 2023 IBD Benchmarking, in which 17,654 people livjng with IBD and 150 IBD seNices look part, and supports the long-temi outcome of everyone living with IBD in the UK receiving a ts'mety diajnosis and equitable access to quality ¢xre. The report recommendations will drive national and local aLXion to deliver improvements and tackle variation in IBD diagnosis and care across the UK. Annual Report 2025 IA We continued to p3￿cIpate in the Advancing Stoma Care servI￿s IASCSI project being led by ASCN, with involvement in mull[p￿ wofkstreams. The aim of this ambitious project is lo formulate an eViden￿-baSed 'test practi￿ stoma palhway with the aim of standardising stoma caie services nationalty. As part of the ASCS project, partiapated in a number of episc(les of a series of podcasts entrtled 'Beyond the Bag: Challenging Differenos in Stoma Care". with this podcasl series being shortiisted for the Nursing Times Awards. We continue to be a member of the National BOVRI Allian￿, which is made up of charities with an interest in Ihe field of bovRI cancer, bowel disease5 and bow￿1 health. and has been eslablished to bring together charities with an interest in these fields to promote more effective working for the benefft of patients. carers and the public. After our submission of a reswnse to the govemment consutslion on "Medical DeVI￿S in Primary Care". Proposals for updating Part IX of the Drug TatFff - medical deVI￿S available for prescribing in primary care", we were one of the patEnt Charit￿s invrted to join "Protecting Patient Choice: A Coalttion of Partners". a group of organisations and manufacturers aiming to engage with Ihe govemment to express their concems over the proposals and the effect they will have on U￿r$ (patients). We conb'nued to participate in meetirKJs of the DHSC Patient Engagement Forum as part of this issue. Including contribulions from many of our local member organisations akjng with input from a national perspective, we subrnrtted a response to the NHS 10 Year Heaf(h Plan Sutvey. Along with the other patient stoma charities, we have been involved in discussions with the Civil Aviation Authorlty ￿gardIng their Airport Accessibility Framework and the negative experiences of those wtth stomas travelling through airports. We participated in meetings of the Bladder & Bowel continen￿ Care All Paty Parfiamentary Group. Improving our sejvice offering We launched a new medicine card for both tho* wf(h an intemal and those with a stoma. to highlight that not all capsules could be absofoed by the holder of the card. Our dedicaled resour￿ resp)nsible for enga3ing and supporting our local member organisations travelled around the county hokjiry a number of local meth.ngs with the aim of strengthening links kts¥￿n local and national IA, identfying what local members wanted from IA, and attracting new volunt￿r5 to help bolster local resources. A number of local membership organsations which had been inadive were relaunched followirrfJ the recruitment of new volunteers. Collaboration and liaison with other organisations We continue to maintain good working relationships with other ostomy assoaations in the UK such as Colostomy UK and the Urostomy Asscciation, as well as with intemal pouth support groups, with Crohn's & Colrtis UK, and other relevant charits.es such as A Bear Named Buttony. Membership of the European Ostomy Association (EOA) enabkd co-operation wrth ostomy support organisations in EuroFe and the worldwide ostomy ￿MmUnty, and IA'S PR & Communicalions Manager Caroline Bramwell sts on the EOA'S Executive Committee, fvrthef strengthening ties and co-operation betW￿n our two associations ensuring IA represents the UK at a European and wider level. Mutual benefit was derived from the continued liaison with the Royal College of Nursing, the Association of Stoma Care Nurses UK, the Royal College of Surgeons of England, the Wodd Council of Enterostomal Therapists, the Kingston Trust. the Associalion of Coloproctology of Great Brttain & Ireland. the Association of Coloproctology Nurses. the Irish Stoma Care & Can￿r Nurse Annual Report 2025 10 IA Association, the British Healthcare Trades Asso¢iation, Patients. Industy and Professionals (PIPS) Forum and the Scottish Stoma Forum RISK AND RISK MANAGEMENT The trustees have a risk management strategy which comprises.. The maintenance of a nsk register recoftling all ident"rfEd risks. An annual revEw of the nsk register induding the principal risks and uncertainties that the charity faces. The establishment of policies. systems and procedures to mtbgate those risks idenlrfied in the annual wew. The implementation of procedures designed to minimise or manage any potential impact on the charity should those risks matenalise. This work has identffied that the perfomance of its investments is the major financ￿1 risk for the charity. Investment income fonns a significant proportion of overall income and any r8Juction in investment income levels could have an adverse effect on the income available to support day-to- day operations. This risk is mitigated by retaining expert investment managers, Rathbone Investment Management (Rathbones), on a discretionary bas￿ and ensuring that an investment policy is in place which specifies both the ￿Ve1 of risk to be applied to the management of the investment portfolio and the approach to income generab'on. The arrangement with Rathbones is reviewed on an annual basis to ensure that performan￿ continues to meet with the charity's requirements. Although the usual in-person annual review meeting with Rathbones did not take place this year, regular communication between the charty and Rathbones has continued during this F*riod and email updates a￿ provided by our dedicated inveslmenl manager whenever hanges to the port101￿'S oMipos"rtion occur. The Trustees also revi8w the portfolio composition and perf0mlan￿ at each board meeling. Attention has also been focused on non-finanaal risks. the prinupal ones relating to the employment of staff and the potential loss of key staff and officers. The fomer risk has been mitigated by the engagement of professional ￿al advice on employment matters, the latter by the Cfealion of contingency plans that include the Klentrfication of attemate reSoUr￿S able to assume responsibility should the loss of key people 0¢￿r. FINANCIAL RESULTS AND REVIEW The full acwints of IA are shown on pages 19 to 43. They show the activities of the principal charity and the Branch member organiSat￿n$ but do not include the activrties of the Affiliate member organisations, who are separately registered charibes responsib￿ for preparing their own accounts in accordan￿ wtth the appropriate legislation. The accounts show a deficil of £234,853 in the financial year to 30 September 2025. This figure includes an amount of £128,055 in reLgtion to gains on inbpstments. Of the £234,853 deficit recorded, £269,839 related to a deficit on unrest￿ted furjds whilst £34,986 related to a surplus on restricted fijnds. Taking these results ￿t0 account dosing assets stOC*J at £5,411,277. RESERVES POLICY The Board of Trustees has detennin&l that the following polioes will apply in respect of Ihe various fvnds hekJ. General Fund Annual Report 2025 IA The General Fund provides r￿￿￿r￿S for the day to day runnirvJ of the charity and should hold reseNes sufficient to cover a minimum of six months. payments based on the expenses incurred in the last full financial year. plus any fijture planned additional exFenditure. Deslgnated funds Any desKJnated funds established by the Board of Trustees are intended to prov*Je income for specific purposes. The Capital Investment Fund was estsblish8J to provide income for the General Fund All capital in any designated funds may be spent on the authorty of the Board of Trustees. In addition to the designated funds noted above, each Branch member organisation has rts own designatèd fvnd. Further informathjn on this is provided in the section Branch Funds below. Restricted Funds Reslricled funds have been established either where the donations receiv8J are restricted by the donors, or where the fund has b￿n established for a restricted purpose. In the case of the Welfare Fund and the Bryan N. Brooke (IA) Overseas Travel Fund, the intentKin is to maintain the capitsl, adding any donations received, and to spend the income providing grants for the pufposes for which the fuTrJs were established. All other restrided funds are holding donations until such time as they can be spenl in accordan￿ with restriction. In addition to the named restricted funds, each Branch member organisation has its ovm restn"ct8J fund{s). Further infornation on this is provided in the section Branch Funds below. hen assessing kvels of reserves in each fund. the Board of Trustees ignores unrealised profits on investments. as these are not considered sufficiently reliable to guarantee future spending levels. Branch Fun(ts Each Branch member organisation has its ovm designated fuThd and restrict8J fund. All inGome for a particular Branch is credrt8J to rts designated fund, whilst all expenditure for thal 8rand) is tsken from its restricted fijnd until such time as that fuTrJ has teen exhausted, when expendilure is then set against the branch's despjnated fund. Rather than set an iThdividual reserves policy for each Branch and its fvnds, the Board of TTUStees instead monitor the net pOSit￿)n of each Branch on an ongoing basis lo ensjre that sufficient funds remain in each branch to continue their activrties for the foreseeable future. Overall All fijnd balances are in line with or exC￿d their reserves policy. The total fvnds held by the chartty at 30 Seplemter was £5,411,277 of which £4.802,643 was held as unrestricted funds and the remaining £608,634 held as restn'cted funds. Induded in unrestncted funds are deS￿￿nated funds of £4,488,064 leaving £314,579 in general unrestricted funds. INCOMING AND OUTGOING RESOURCES Income for the year was £343,448 compared to £647,745 in the prior year, a 47 /0 decrease year on year. Looking at income in more detail, income from donations and legacies was £124,511, a decrease of £285,677 on the 2024 figure of £410,188. This decrease can be attributed to a fall in legacy income, which was down from £342.3% in 2024 to £22,314 in the year under review. It is in the nature of income from legacies that levels can fluctuate swJnificantly year on year and a￿ nerther controllable nor forecaslable. Partkglly offsetting decrease in legacy income was an increase in extemal donation income, up from £32,792 in 2024 to £46.753 in 2024. Income from Charitab￿ activities was broadly static this year, coming in at £95,950 compared to ££93,168 in 2024, which equates to a marginal 3Vo nse year on year. Of the £95,590 figure, income from advertising in the IA Joumal contributed £34,053. a 9 /0 increase on the previous Annual Report 2025 12 IA year's figure of £31,229. This was pleasing given last yearfs advertising revenue had been down on the t￿0 years prior to that. Also included within income from CharItab￿ activlties, member organisalion annual subscription income of £30,661 {2024'. £26, 151) credited to unrestricted funds relates to the annual charge payab￿ by member organisations to the national charity and includes £28.204 of annual subscription income tharges to Branch member o￿anIsatIOns. As the £28,204 is also a cost to the Branches. the same amount is also included in expenditure on charitable activities as this was charged against the Branches. individual restricted funds. Ino)me from member subscriptions fell to £23,477 12024." £28.147>. paty due to overdue subscriptions not being paKI in good time. Inwme from invesiments was down to £122.987 in 2025 ￿rnpared to a figure of £144,389 in 2024 and £133,755 in 2023. Our investment portfolios have a balanced investment objective, which looks to combine the generation of a good ￿Ve1 of incnme wrth longer tern caprtal growth, rather than a specffic income objective, so some fluctuations on income levels are to be expected. In addition. from time to tirne caprtal is drawn down from the portfolio in order to fund operational activities and this can have Ihe effect of ￿lUcing investment income give the reductK)n in investment capital. Expendf(ure for the year was £7(￿,356(2o24. £759.110). of that £668,29312024". £682,235) being charged to unrestricted funds and £38,063 12024: £76,875) to restricted funds. Of total expenditure, 96% {2024.' 96/0) or £679,113 {2024.' £730,610) was in support of IA'S charttable activities with 40/0 {2024= 4Vol or £27,243 (2024. £28.500) being the cost of raising funds Of the £679,113 inCu￿ed as expendrture on charitable actrvities, £40.950 (2024." £31,963) related to costs bome by Branches as a result of their chantable artiviti"es. INVESTMENT POLICY Investrnents are sh¢)wn in the accounts at market value. The charity has two investment portfolios manag81 under a discretionary management agreement with Rathbone Invesbnenl Management using a medium risk stan￿, one main portfolio being the funds of the national chaiity and a .6" portfolio being the investment of a prOport￿n of funds hekl on behatf of Branthes. The chaiity's investsnent policy is shown in the Financial Regulats"ons document and is 'lo hold investments to provide income in SAJPPOrt of its core operations" Income generated from the "B" portfolio is credited to Branches tsking into account their avewe funds over the financial year as a proportion of totsl funds. There are no social, environmental or ethical considerations contained within the investment policy. As noted above, combined total investment income from t*)Ih portfolios was £122,987 this year compared to £144.389 in 2024. Net gains on inveslment stood at £128.055 (2024.. £459,292). Of the total net gains of £128,055. unrealised gains on investsnents held within the portft)lios at year end were £229,358, whilst realised losses on investment sa￿S were £101,303. Total ￿turn on investments over tFE 12-month period to 30 September 2025 for the main portfolio was 2.71¢A when compared to the portfolKJ's long temi investmenl objeclive of CPl+3 /), which was 5.69°1o over the same period. HO￿ever, when looking over the loThJer tenn on an annualised basis, whilst over 3 years the portfolio returned 6.39°k Cornpa￿d to the CPl+3 /D benchmark retum of 7.319/0, over the Ferii>J from the market bottom during Covid on 19 March 2020 to 30 September 2025, the annualised retums realised on the portfolio come in at 8.29 % compared to the CPl+3 % figure of 7.70QA, which is pleasing and demonstrates that long tem performance has met the benchmark sel. The "B. portfolio. which has a Sl￿htty more defensive strategy than the main portfolio, posted a total return over the 12-month period to 30 September 2025 of 0.64 /. when compared to the portfolio's long tem investment objective of CPl+20/o which was 4.67Q/o over the same period. As wrth the main FQrtfolio, longer teTh retums look heathier, with an annualised relum of 6.390/0 since the market bottom during Covrd on 19 MarL* 2020 to 30 September 2025, compared to the CPl+2% benchmark over the same peric¥J of6.67/0. Annual Report 2025 13 IA In accordance with the requirements of the Trustee Act. 20LKI. Part 11. section 4{21, from time to time, the twstees review the investments of the trust and (￿nSIder whether, having regard to the standard investment Criteria, they shouid be varied. Changes in Folicy would be refiected in the investment management agreement and in the targets set for IA'S investment managers. There were no changes lo the investrnent policy document duriTr3 the year. FUTURE PLANNING IA reaches its 70 anniversary in 2026, a milestone in our history and an athievement in terms of our longevity. We are pieased that we have t)een able to provide support to so many people with, or about to have, either ileostomies or intemal pouches, over those 70 yeats. As we come to the end of our Cufrent strategic plannirvJ period 2022-25 and look ahead to 2026 and beyond, we n*d to ensure that the organisation continues to remain relevant to our members and the wider community for the next 70 yeafs. Our current Chief Executive Offi￿r {CEO) & Nab'onal Treawrer, Michael Bell, has infomied the Board of Trvstees of his intention lo step down from his CEO role. The Board ￿MaInS indebled to Michael for his dedication and leadership over the last seven years as CEO while the tharity navigated its new path. deliver￿ new services arKI impkmented IA'S strategic plan. The Board also recognise that IA must COnt￿Ue to evolve and that this represents a real opportunity to reflect on our currenl position, review our strategic d1￿ctIOn and chart our future path under new readership. With a new CEO in pla￿, we will be developing a new strategic plan to meet the challenges our charity fa￿$ over the o)ming morrths and years. ilsl we will be working hard to ￿¢ruit a new CEO, we ha￿ not k)st sKJht of our current strategic objectives. and will continue to meet these whilst we develop our new plan. In particular, we will aim to.. Recrurt a dedicated Stoma and Pouch Care Specialist Nurse to help us lead and develop our strategic dinical support servios to people living wrth an ileostomy or an intemal pouch. This person will also help us further develop our le￿phOne support se￿1￿ wrth the introduction of a nursing helpline. allowing a¢￿sS to a dedicated stoma care nurse ISCN). Review our ￿rrent organisational structure and staffing. and out further recruitment where identified to ensure we have the appropriate resources in pla￿ to help us deliver our services. Continue to develop our research portfol￿) to broad￿ and deepen knowledge of bowel disease and the patEni joumey for tho* wf(h ileoslomEs and intemal pouches, U￿lMatelY leading to better care. The Trustees consider that the chartty will be able to continue to meet its charttable objectives over the coming year. CONCLUSION IA continues to have a significant level of assets which offers a cushion against fijture problems. All current activities can therefore continue as planned, and the Trustees are Satisfi￿ that all known commitinents can be met for the foreseeable fLrture They also recognise that ftjrther consideration is required warding income generation in the longer tern to ensure that expenditure can be covered by income rather than by a drawdown of capital. DISCLOSURE OF INFORMATION TO AUDITOR Each of the Intstees has confimied that there is no infonnation of which tF￿Y are aware which is relevant to the audit, but of which the auditor is unaware. They have further confinned that they have tsken appropriate steps to identtfy such re￿vant information arKI to establish that the auditor is aware of such infomiation. Annual Report 2025 14 IA STATEMENT OF TRUSTEES. RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMENTS The trustees, who are also the directors of IA for the purposes of company law, are responsible for preparing the trustees, annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (Untted Kingdorn Generally Accepted Accounting Practice). Company law requires the trustees to prepare accounts for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and appliGation of resources including the income and expenditure of the charitable company for that year. In preparing the financAal statements. the trustees are required to.. seled 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 standards have been followed. subj.ect to any material departures that must be discl¢)sed and explained in the accounts; and prepare the accounts on the going con￿rn basis unless st is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping adequate accounting records that disclose wilh reasonable accuracy at any time the financial position of the charity and enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Ghartty and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the charity and financial infomiation included on the chanty's website in accordance with legislation in the United Kingdom goveming the preparation and dissemination of financial statements. This report has been prepared in accordance wrth the special provisions relating to small ompanies within Part 15 of the Companies Act 2006. Approved by the trustees and signed on their behatf by.. Stuart Chair of the Trustees 14 February 2026 Annual Report 2025 15 IA INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF ILEOSTOMY AND INTERNAL POUCH ASSOCIATION Oplnlon We have audited the financial statements of Ileostomy and Intemal Pouch Assooation (the 'charity'} for the year ended 30 Septemter 2025 which (x)mprise the statement of financial activities, the balan￿ sheet, the ststement of cash flows and notes to the financial statements, including significant accountir¥J policies. The financial reporting framework that has been applied in their preparation is applicable law and Unrted KitvJdom Accounting Stsndards, including Financial Reporting Standard 102 The Financial RepOrt￿g StandaKI applicable in the UK and Republic of I￿land {Unrted Kingdom Generally Accepted Accounting Practice). In our opinion the accounts.. give a true and fair view of the stste of the charitable compary's affairs as at 30 September 2025 and of its incoming resources and application of resou[￿s, including its income and expenditure, for the year then ended.. have been proFerty prepar8J in accordan￿ with unit￿ Kingdom Generally A(xepted Accounkn'ng Practi￿,. and have been preparay in accordan￿ with the requirements of the Companies Act 2C(16 and the Charities and Trustee Investrnent {ScOt￿nd) Act 2005. Basis for opinion We conducted our audit in accordan￿ wlth Intemational Standards on Audth'ng (UK) (ISAS (UKII and applicable law. Our responsibilrtj'es uThJer those standards are further described in the Auditoffs ￿Sponsibl11t1eS for the audit of the fjnanual State￿￿￿tS seciion of our report. We are independent of the chanty in accordan￿ with the ethical r￿UIrementS that are relevanl to our audit of the financial statements in trte UK. including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilf(ies in accordan￿ with these requirements. We believe that the audit eviden￿ we have obtained 15 SuffiC￿￿t and appropriate to provide a basis for our opinion. Concluslons relating to going concern In auditing financ￿1 statements, we have conduded that the Trust*s' use of the going concem basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have perform&J, we have not identffied any material uncertainties relating to events or conditions that, indivKlually or collectivety, may cast sunrficant doubt on the charity's ability to continue as a going concem for a per*)d of at ￿ast twelve months from when the financial statements are authorised for issue. Our responsibilf(ies and the responsibilities of the Trustees with respect to going con￿rn are described in the relevant sections of this report. Other infomiation The other infomiation comprises the infonnation indudgJ in the annual report other than the financial ststements and our auditols report thereon. The Trustees are responsible for the other infornation contained within Ihe annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise expli¢itly stated in our report, we do not express any fomi of assuran￿ conclu%on thereon. Our responsibility is to read the other infornation and, in doing so. consider whether the other infomiation is malerialty inconsislent with the financial statements Of our knowledge obtsined in the course of the audit, or otherwise appear5 to be materially misstated. If we identfy such material inconsistencEs or apparent material misstatements, we afe required to detemiine whether this gives rise to a material misstatement in the financial ststements themselves. If, based on the wotk we have perfomed, we conclude that there is a material misststement of this other infomiation. we are requir￿1 to report that fact. Annual Report 2025 16 IA We have nothing to report in this regard. Opinlons on other matters FKtscrlbed by the Companies Act 2006 In our opinion, bas&J on the wvrk undertaken in the course of our audit". the infomation given in the Trustees, report for the financial year for which the financial statements are prepared. which includes the directors, report prepar&Y for the purposes of company law, is ojnsistent wtlh the financial statements: and the directors, report included wrthin the Trustees. report has b￿n prepared in accordance with applicable legal requirements. Matters on which we are requlred to report by exceptlon In the light of the knowwe and understarKling of the charity and its environmenl obtained in the course of the audit, we have not identifth material misstatwnents in the directors, report included wrthin the TnJstees' report. We have nothing to report in reS￿￿t of the folIc￿ing matters in relation to wthich the Companies Act 2006 and the Charities and Tnjslee Investrnent (Scotland) Ad 2LKJ5 requires us to report to you rf, in our opinion.. adequate accountirg records have not been kept or retums adequate for our audit have not been received from branches not visited by us,. or the financial ststements are not in agre￿nent with the accounting records: or certain disclosures of trustees, ￿mUnera￿.0n specified by law a￿ not made,. or we have not re￿iVed all the infom)ation and explanations we require for our audit. Responsibilities of Trustees As explained ffl0￿ fvlly in the statement of Trustees, responsibilrties. the Trustses. vtho are also the di￿￿orS of the chanty for the purpose of company law, a￿ ￿spOnsible for the preparation of the financial statements and for being satisfied that they gNe a true and fair view, and for such internal control as the Trustees detefmine is ne￿$Sary to enable the preparation of financial statements that are free from material misstatement, whelher due to fraud or e￿Or. In prepanng the financial statements, the Trustees are responsible for assessing the charity's ability to conlinue as a going COn￿M, disclosing, as applicable, matters related to going COn￿M and using the going ¢oncem basis of accounting unless the Trustees either inteThJ to liquidate the charitable company or to cease operations, or have no realistic altemative but to do so. Auditor's responsibilities for the audit of the financlal statements Our objectives are to obtsin reasonable assurance about whether the financial statements as whole are free from material misstatement. whetrEr due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assuran￿ is a high level of assurance but is not a guarantee that an audrt conducted in accordan￿ with ISAS {UK) will a￿VayS detect a material misstatement ￿en rt exists. Misstatefflents can arise from fraud or error and are considered material if, individually or in the aggregate. they could reasonabty be expected to influence the economic decisions of users taken on the basis of these financial statements. Identification and assessment of irregularities including fraud Irregularities. including fraud, are InStan￿S of non-complian￿ with lavts and regulats"ons. We design procedures in line with our responsibilit￿$. outlined above, to detect material misstatements in respect of irregularrties, induding fraud. The extent to our procedures are capable of detecting irregularities, including fraud, is detailed below. In identifying and assessirKJ risks of material mksstatement in respect of I￿U￿rIties, including fraud and non￿¢0mplian¢e with laws and regUlat￿nS, our procedures included the following.. Oblaining an understandiThJ of the legal and regulatory framework that the charity operates in, focusing on those laws and regulations that had a direct effect on the financial statements and operations,. Annual Report 2025 17 IA Obtaining an understanding of the chatty's policEs and prO￿dureS on fraud risks, including knowledge of any actual. suspected or alleged fraud.. Discussing among the engagement team how and where fraud might occur in the financial statements and any potential indicalors of fraud through our knOw￿dge and understanding of the company and our sector-spectfic ex[erien￿. As a result of these procedures, we Consider￿ the opportunities and incentNes that may exisl within Ihe association for fraud. We are also required to perfomi specific procedures to respond to the risk of management ovetride. As a result of performing the above, we hdentified the following areas as those most likely lo have an impact on the financial statements.. health & safely and employment law, as well as complianc£ wth the UK Companies and Charities Acts. In addition to the above. our procedures to respond lo risks identified included the following." Making enquiries of management atw)ut any known or suspected instan￿$ of non-compliance with laws and regu￿tionS and fraud" Reviewing minutes of meetings of the board and senior management. Reading Corresponden￿ with regulators Challenging assumptions and jLKlgemenls made by management in their significant accounting estimates", and Audrting the risk of management oveffide of controls, including through testing journal entries and other adjusbnents for appropriateness. Due lo the inherent limitations of an audtt. there is an unavoidable risk that some maleiial misstatemenls in the financial statements may not be detected, even though Ihe audit is properly planned and perfomied in accordance with the ISAS (UK). For instance, the further removed non- compliance is from the events and transactions reflected in the financial statemenls. the less likely the auditor is to become aware of it or to recognise the non-complian￿. A further description of our responsibilities is available on the Financkql Reporting Council's website at.. https."lkn.fr¢.org.uklauditorsresponsibilities. This description forms part of our audilorfs report. Use of our report This report is made solety to Ihe charitable company's members, as a body. in accordan￿ wilh Chapter 3 of Part 16 of the Companies Act 20￿. Our audit work has teen undertaken so that we might slate lo the charitable company's rnembers those matters we are required to stale to them in an auditor's feport and for no other purpose. To the fullest exlent permitted by law. we do nol accept or assume responsibility lo anyone other than the chantable company ar)d the charitable company's members as a body, for our audit work. for this report. or for the opinions we have formed. 25 IL7J I lthl Robin Evans 8A FCA CTA DChA (Senior Statutory Auditor) for and on behalf of Sumer Audit Chartered Accountants Statutory Auditor Chichester Sumer Audit is the trading name of Sumer Audttco Limited Annual Report 2025 18 IA Statement of Financial Activities includin income and ex ear ended 30 Se tsmber 2025 enditure account for the Note Unrnslrfcted Funds Totsl fund8 301912025 Totsl funds 301912024 Funds {Noto 21 Income from: Donations and legacies 68,460 56.051 124,511 410,188 Charitsble activf(ies 95.950 95,950 93,168 Investments 114,772 8,215 122,987 144,389 Total income 279,182 64,266 343.448 647,745 Expenditure on: Raising funds 25.439 27,243 28,500 Charitable activities 642,854 36,259 679,113 730,610 Total expendlture 668,293 38,063 706,356 759.110 Net incomel{expendlture) before gains and losses on inveslments (389.111) 26.203 (362,908) 1111,365) Net gains (losses) on investments 119,272 8,783 128,055 459.292 Net Incomel(expendlture) 1269,839) 34,986 (234853) 347.927 Transfers be￿een furKIs 20 13,344) Net movernent in funds 1273.183) 38,330 (234,853) 347,927 Reconciliation of funds: Total fijnds brought forward 5,075,826 570,304 5,646,130 5,298,203 Total funds carried forward 4,802,643 608.634 5,411.277 5,646,130 IA has no recognised gains or losses other than those dealt with in the Statement of Financial Activities. The Statement of Financial Activrties also complies with the requirements for an income and expenditure aco)unt under the Companies Act 21x16. Annual Report 2025 19 IA Balance Sheet as at 30 Se tsmber 2025 Totsl 301912025 Total 301912024 Notss Fixed Assets Investments 14 5.3H,761 5,601,026 Total Fixed Assets 5,344,761 5,601,026 Current Assets Oeblors 16 32,273 53,153 Cash on deposit afKJ in hand 17 100.820 147,438 Total Current Assets 133,093 200,591 Liabilities Creditors falling due within one year 18 66.577 155,487 Net Current Assets 66,516 45,104 Total assets less current liabilities 5,411.277 5,646,130 Net Assets 5,411,277 5,646,130 The Funds of the Charity General unrestricted income funds 20&21 4.138.557 4,594,753 Rèvaluation reserv8 664,086 481,073 Total unrestricted income funds 4.802.643 S,075.826 General restricted income funds 20&21 520,186 518.171 Revaluation reserve 88,448 52.133 Total restriGted income funds 608,634 570,304 Total Charity Funds 5,411,277 5,646.130 Appr by the board on 14 February 2026 and signed on tts behalf by Mr. Stuart Chair Company Registration No. 10375943 ay Annual Report 2025 20 IA Statement of Cash Flow5 for the ear ended 30 Se tember 2025 Totsl Funds 2025 Totsl Funds 2024 Net cash used In operatlng actlvltles 23 1553,9251 (212.859) Cash flows frorn investing activitie5 Interest and divKlend income 122,987 144,389 Proceeds from sale of investrnents 2,016.278 1,393,081 Purchase of investrnents (1,631,958) {1,310,2021 Net cash provlded byl(used In) Investlng acllvltles 507,307 227.268 Chang8 in cash and cash equivalents In the year {46.618) 14,409 Cash and cash equivalerts brought forward 147,438 133,029 Cash and cash equivalents carried forward 100.820 147,438 Relatlng to: Cash on deposit and in hand 100,820 147,438 Annual Report 2025 21 IA Notes to the Accounts for the Year ended 30 September 2025 1 ACCOUNTING POLICIES Charlty Infomiation Ileostomy and Intemal Pouch Association is a private ￿MpanY limited by guarantee incorporated in England and Wales. The regISter￿J address is Danehurst Couit 35-37 West Street, Rochford, Essex SS4 1BE. 1.11 Basis of preparation and assessment of going concern The Charty is a public benefrt entty and the financial statements have been prepared in accordance with the goveming doojment, the Statement of Recommended Practice.. Accounting and Reporting by CharrtEs preparing Iheir accounts in accordance wrth the Financial ReportiThJ Standard applicable in the UK and Republic of IrelaThl (FRS102) (as amended for accounting periods commencing from 1 January 2019). the Companies Act 2006, the Charities and Trustee Investment (Scotland) Act 2005, the Charrties Act 2011. relevant law and accounting standards. The charrty meets the definrtion of a public benefft entty under FRS102. The accx)unts are prepared in sterfing, which is the functional currency of the Chanty. Monetsry amounts in the financial ststements are roundgj to the nearest pound. The accounts have been prepared under the historical cost convention, modif￿d to include certain financial instruments at fair value. The pnnopal accounts'ng policies a￿ set out below. The Trustees consider that there a￿ no matsrial uncertainties aboLrt the charity'5 abilty to continue as a going Con￿M, and that Ihey have a reasonable expectation that the Charity has adequate resources to continue in operational existen￿ for the foreseeable futu￿. Thus the Trustees continue to adopt the going con￿rn basis of accounting in preparing these accounts of the incorporated association. 1.2) Income Income is recognised when Ihe charity has entl￿ement to the fvnds, tt is probab￿ that the income will be re￿iVed and the amount of the income be measur8J reliably. Joumal advertising is taken ￿ an accruals basis. Donations are recogni*J when the charity has been notifEd in writing of bolh the amount and the settlement date. Legacies are reccgnised on case by case basis following the granling of probate vthen the administratorlexecutor for the estate has communicated in wrrting both the amount and settlement date. ￿ere legacies have been notified to the charity, or Ihe chanty is aware of the granting of probate, and the criteria for income recognition have not b￿n met, then the legacy is treat8J as a contingent asset and disclosed if material. Interest on funds held on deposrt is induded when re￿1vable and the amount can be measured reliably by the charity., this is nomialty upon notification of the interest paid or payable by the bank. Investment income is recognised on a re￿Ipts basis upon notffication by the charty's investment manager. All other income has b￿n taken into account on a cash r￿1¥&j basis. Annual Report 2025 22 IA 1.3) Expenditure Liabilities are recognised as expenditure as soon as there is a legal or construdive Obl￿atIon committing the charity to that expenditure, rt is probable that settlement will be required and the amount of the obligation can be measured reliably. All expendrture is accounted for on an accruals basis. 'Raising funds" includes all dire(# costs Incurr￿ in running fundraising events and invesknent management costs. "Charitable activities. indudes all ￿sts In(￿rred in meeting our charitable objects and prov￿Ing support and infomalion to our beneficiaries. HaW of the costs of the annual meeting Ifomierly known as the National Council meeting) are tharged under this heading since Ihis meeting not only fij￿11$ the requirements of an annual general M￿tIr￿j but also indudes activities designed to help representatives of IA'S memter or9anisations to njn their charities effectNely. Induded are updates on research urjdertaken and other matter5 important to the running of the charity. In addition Sook of the costs of our national Offi￿ are indLMJ&J. The national office of IA not only provides administrative support to the Board of Trustees but also acts as the first point of contsct for patients needing our advi￿ and support, as well as supporting IA'S member organisalions. For this reason the costs are divided befv￿n this category and 'g0veMan￿ costs.. Much of the work of IA is managed by sulxommrttees of Ihe main board. The costs of their meelings are included as part of our Charitab￿ activities. In addition, since the responsibilities of the board indude much direct charitable work. 50°A of Ihe cost of the board meetings is included as charrtable activittes. 'Govemance costs" include all ￿$ts inrAJrred in the financial management of IA. In addrtion, 50 /0 of the cost of the annual meeting, the running of national Offi￿ and the meetings of the board are shown here. Any other costs of an administrati￿ nature are also charged to this heading. Grants for research and other purposes are re(x)gnise(l as 9)on as a written agreement between the parties confimiing the amount commrtted and the work to be carried out has been made. Provisions for grants for r￿search and other purposes are re￿gnised when the intention to make a grant has been communicated to Ihe recipient bui ttEre is Un￿rtaInty as to the ts'ming of the grant or the amount of the grant payable. 1.4) Tangible and intangible fixed assets Expenditure on tsngible and Intsnglb￿ fixed assets is nomally charged to revenue in Ihe year of purchase, unless the level of expendFture on indbvidual items would distort the accounts, or if the asset has been donated to a researth project while ownership has b*n retained by IA. In such cases assets are written off on a straight-line basis at rates calcajlated to redu￿ their cost to expected residual value over the tenn of IheiT anticipated useful lives as follows.. Soknre 330/0 1.51 Investments All investments are inttially recognised at their transaction value and subs8]uentty measured at their fair value as al the tsalan￿ sheet date using the closing quoled market price. The ststement of financial activities includes net gains arKJ losses arising on revaluation and disposals throughout the year. All gains arKJ losses are taken to the statement of financial activities as they arise. Realised gains and losses on investments are calculated as the difference be￿een sales proceeds and their opening carrying value or their purchase value rf acquired on or subsequent to the first day of the Annual Report 2025 23 IA financial year. Unrealised gains and losses are calculated as the drfFeren￿ be￿en the fair value at the year end and their carrying value. Realised and unrealised investment gains and losses are combined in the statement of financial adivities. 1.6) Cash and cash equNalents Cash and cash equivalents include cash in hand. deposrts hehj at call with banks, other short-tem liquid investments with original maturitEs of three months or less. and bank overdrafts. Bank overdrafts are shown wthin boffowings in current liabilrties. 1.7) Financial instruments The charty has elected to apply the probllsions of Section 11 "Basic Financk?I Instruments- and Section 12 "Other Financial Instruments- of FRS102 to all of its financial instruments. Financial instruments are recognised in the Charity's balance sheet when the Charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, wrth the net amounts presenled in the financial statements, when there is a legally enfOr￿able right to set off the recognisgj amounts and the￿ is an intentK*n to settfe on a net basis or to realise asset and settle the liabilty simu￿aneously. Basic financial assets Basic financial assets, vthich include debtors and cash and bank balan￿s. are initially measured at transaction pn￿ including transaction ￿$ts and are subsequently carried at amortised cost using the effective interest method unless the arrangement constrtutes a financing transaction, where the transaction is measured at Ihe present value of the future receipts discounted at the market rate of interest. Financial assets Cla￿f￿ as r￿Nable within one year are not amortised. Basi¢ financial liabilities Basic financial liabilities, induding creditors and bank loans. are initially recxsgnised at transaction pri￿ unless the arrangement consti￿te$ a financing transaL#ion. where the debt instrument is measured at the present value of fijture re￿Ipts discounted at a market rate of interest. Financial liabilities classrfied as payable wthin one year are not amortised. Debt instruments are subsequenty carried at amortised cost, using the effective interest rate method. Trade creditors are an obluation to pay for goods or *ryices that have been acquired in the ordinary course of operations from supplErs. Amounts payable are classified as cu￿ent liabiltties rf payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recLyJnised inilkqlly al transactK*n Pri￿ and subsequently measured at amortised cost using the effective interest method. Derecognition of financial liabilities Financial liabiliti.es are derecognised when the Charity's contractual obligations expire or are discharg￿ or cancelled. 1.8) Funds IA has both unrestricted and restrict&a funds. bLrt no erKlowment fijnds, as shown below. Annual Report 2025 24 IA Unrestricted Funds 1. Ge￿ra1 Fund 2. Capital Invesknent Fund {desunated to provKle income for the General Fund) 3. Branth member organisats￿ DeS￿nated fvnds Restrlcted Funds 1. Research Fund (to provide grants for research projects relevant to our beneficiaries) 2. Welfare Fund (to provide small financial grants to members) 3. Bryan N. Brooke11A1 Overseas Travel Fund lestsblished by our founding presKlent, Professor Bryan N. Brooke, to provKle grants to assist members to attend reLated meetings abroad) 4. Young IA Bursary FuThJ (to provide grants to young people to attend events which will aid their recovery after surgery) 5. The Victoria Wlls IA Intemal Pouch Bursary (establish8J in memory of Victoria Wills to proV￿e grants to those with an intemal pouch to attend events whith will aid their recovery after surgery) 6. IA Annual Award for InnoVat￿n {eslablished by fomier executive committee chairman Carolyn Slammers to prOV￿e funds for an annual award offerejj to IA member organisations for innovalive ideas and actiwtEs}- 7. Robert Wainwright Fund (established as a resuft of a pec4Jniary legacy from the estate of Robert Wainwright to promote exercise and frtness in stoma patients through online dasses. videos, workshops arKI other similar Servi￿s}. 8. Branch member organisation Restricted funds One of the unrestricted funds. the Caprtal Investment FuTrJ. was designat￿1 to specrdl purposes (to provKJe income for the General Fund) by decision of the l)oard, vthich coukl be changed in the future. For the purposes of clanty in these financial statements, all Branch designated funds have been arnalgamated into a Sing￿ reporting line shown as Branch Designated wrthin unrestricted fvnds and similarly all Branch restrided funds have been amalgamated into a single reporting line shown as Brnntt* Restricted fvnds under restrictgj funds. Further details of each fund are dwlosed in note 20. 1.9) Operating leased assets Leases that do not transfer all the risks and rewards of ownérship are classified as operating leases. Paymenls under operating leases are charg&J to the statement of financial activities on a straight-line basis over the peric¥J of the lease. 1.10) Employee benefits The Gost of any unused holtday entitlement is recognisal in the peric&l in which the employee's services are received. Tennination benefits are recognised immediately as an expense when the Charty is demonstrably ommittej to terminate the employment of an employee or to pro¥ide temiinats.on benefits. As rquired by law, the charity offers a Workpla￿ pension scheme to all eligible employees. The scheme is operated by the National Employment Savings Trust {NEST) and is a defined Annual Report 2025 25 IA contribution scheme with contributions made by both employer and employee. The amount charged lo the Statement of Financial Activities in respect of pension costs is the Gontribution payable by the chaiity in the year. 1.11) Critical accounting estimates and judgements In the application of the Charity's accounting policEs. the Trustees are required to make judgements. estimates and assumptions about the carying amount of assets and liabiltties that are not readily apparent from olher SoU￿s. The estimates and associat8J assumptions are based on historical experience and other factors that are consKlered to be relevant. Actual resuts may differ from these estimates. The estimates and Lbnderfying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are re0)gni￿ in the period in which the estimate is revised where Ihe revision affects only that period, or in the period of the reb4sion the fvture periods where the revision affects both current and fuiure periods. Annual Report 2025 26 IA 2 ANALYSIS OF PRIOR YEAR TOTAL FUNDS SHOWN ON STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Funds Restrictsd Funds Total funds 301912024 Income from: Donations and legacies 374,017 36,171 410,188 Charitsble activf(Es 93,168 93,168 Invesbnents 134.843 144,389 Total income 602,028 45,717 647.746 Expenditure on: Raising funds 26,6C6 1,894 28,5C(I Charitable activities 655.629 74,981 730,610 Total expendlture 682,235 76,875 759.110 Net Incomel(expendlture) before gains and losses on inveslments (80,207) (31,1581 (111,365) Net gains {losses) on investrnents 427,555 31.737 459.292 Net incomel(expenditure) 347.348 579 347,927 Transfers between fiJTrJs 20 {1,5341 1,534 Nel movement In funds 345.814 2,113 347,927 Reconciliation of funds: Total fund5 brought forwa 4.730.012 >8,191 5,298,203 Totsl funds carried for4Ydrd 5,075,826 570,304 6,646,130 Annual Report 2025 27 IA 3 INCOME FROM DONATIONS AND LEGACIES Funds transferred in from Branch member organisations Member organisation donations Total 2025 Total 2024 donations Legacies General Fund 28,609 10,860 39,469 354,813 Branth Designated funds 17,537 11,454 28,991 19,204 Totsl unrestricted funds 46.146 22.314 68.460 374,017 Research Fund 107 107 36,171 Robert Wainwright Fund 500 500 Branch Restn'cted funds 55,444 55,444 Total restricted funds 55.444 607 56.051 36,171 Total 2025 55,444 46.753 22,314 124,511 Total 2024 35.OCQ 32,792 342,396 410,188 As of 1 October 2024, one Affiliate member orrJanisation opted to become a Branch and the transfer of their funds of £55,444 into the national charity is therefore included in donations in the Statemenl of Financial Activih'es. The charity benefits greatly from the involvement support of its volunteer5, details of which are given in our annual report. In accordan￿ with FRS102 and the Charities SORP (FRS102), the economic o)ntribution of general volurbteer5 is not recognis8J in the accounts. Annual Report 2025 28 IA 4 INCOME FROM CHARITABLE ACTlVtnES Unrestricted funds Restricted funds Total 2025 Total 2024 IA Joumal 34.053 34,053 31,229 Annual (National Council) meetirvJ 7,759 7,759 7,641 Member organisation annual subscriptions 30,661 30,661 26,151 Member subscriptions 23.4TT 23,477 28,147 Total 95,950 95,950 93,168 Total 2024 93,168 93,168 Income of £30,661 {2024". £26,151) shown above under unrestricted fvnds as member organisabon annual subscriptions includes £28,204 {2024'. £23.3101 in relation to annual subscription charges levied on Branch member organisations by the tharity. A Co￿eSpOndIng expense of £28,204 (2024". £23.310) is included under charrlable expenditure to ￿ect the cost to the indivKlual Branches, funds. As such. the overall nel effect of these rtems on the charity is zero. S INVESTMENT INCOME Investment arKI interest income was £122.987 (2024.. £144,389) of whith £114.772 was unrestricted (2024: £134,843) and £8,215 ¥Yas restricted {2024.' £9,546). It came from the following sources.. 2025 2024 UK listed investrnents 121,857 140,765 Bank interest 1.130 3.624 Totsl 122.987 144.389 6 EXPENDITURE ON RAISING FUNDS 2025 2024 Investment management costs 26.613 27,870 Online fundraising costs 630 630 Total 27,243 28,500 Annual Report 2025 29 IA Expenditure on raising funds was £27,743 12024: £28,500) of which £25,439 was unrestricted {2024.' £26,606) and £1.804 was restricted (2024. £1.894). 7 EXPENDITURE ON CHARITABLE ACTivrriES Note 2025 2024 IA Joumal {in¢l￿91r￿￿ distributton costs) 57.315 52,485 Grants and donations (3,018) 49,556 Annual (National Council) meets'ng (apportion￿1) 13,969 16.131 Intemal Pouch Group activtbes 2,134 5,704 One20ne training 5.541 5.300 Publicty & promotion 101,640 119.565 Infomiation sheets & bOok￿ts 5.192 5,043 National Offi￿ (apportion￿) 226.161 210,742 Charitable activrties 6.542 4,558 Branth member organisation adivitres 40,950 31.963 Support co&s 18,015 24,994 Govemance costs 10 204,672 204,569 Totsl 679,113 730,610 In 2025, exFenditure on charitable activrties was £679, 113 {2024.' £730,610), of which £642,854 was expendtiure from unrestricted funds {2024: £655,629} and £36,259 was expendrture from restricted funds {2024.' £74,981). Expenditure of £40,950 shown above as Branch member organisation activities indudes £28.204 in relation to annual subscription charges levied on Branch member organisations by the chanty. Corresponding income of £28,204 is included under haritable income to refiect the income due to the unrestrictwj furKls of the charity. As such, the overall net effect of these items on the charity is zero. Annual Report 2025 30 IA 8 GRANTS AND DONATIONS 2025 2024 Grants to iThdividuals 12,513 7,238 Grants to individuals written bad( (10.500) Grants to IA member organiSa￿n$ 1,458 Grants to institutions and organisations written back (13.022} Other donab'ons 5,991 5,860 Grants from IA branch member organisations to Research Fund 35,000 Total (3.018) 49,556 During the year the following wriieba¢ks occurred- Unulilised costs relating to stoma care training totalling £10,500 (2024- nil). Two grants to instibjtions and organisations where the underutilisation totslled £13,022 12024- nill. 9 SUPPORT COSTS 2025 2024 IA Joumal 3,261 3,231 Annual (National Council) meeling {apportioned) 8.676 9,446 Publicty & promotic 513 One 2 One 766 Intemal Pouch 130 130 Charitable activrties 5.435 5.421 Total 18,015 24,994 Annual Report 2025 31 IA 10 GOVERNANCE COSTS 2025 2024 National office {apportioned) 174,997 173,776 Annual {National Council) meeting {apportJ'oned) 5.293 6,685 Other administrative meetings 1.052 1,284 Audit fee 4.250 Insurance 4.￿7 4,907 Bank charges & currency costs 605 814 Legal costs 4.134 3,109 Other expenses 7,184 9.744 Total 204.672 204,569 IA has Trustee Indemnty Insurance to indemnrfy the trustees and other Offi￿rS against the consequences of any neglect or defauft on their part and to cover the trust*s of IA'S member organisalions. The cost of this insurance is £4.9J7 {2024. £4,￿￿7> and is shown above. 11 ANALYSIS OF STAFF COSTS AND REMUNERATION OF KEY MANAGEMENT PERSONNEL 2025 2024 Salaries and wages 238.564 201,687 Social securty costs 17.657 15,977 Pension costs 24,990 20,455 Other benefrts 8.290 6,104 Agencylcontract stsff 53,451 78.121 Totsl 342,952 322.344 Annual Report 2025 32 IA The average number of employees during the year was 7 (2024.. 61 with all employee time involved in providing either support to the govemance of the charity or support to charitable activities. The average nurnber of full time equivalent empk)yees during the year was 5 {2024.' 4). The number of employees receiving lotal employee benefits (excluding empkjyer pension costs) in excess of £60,000 were Totsl employee benefits {excludlng employer pension costs) 2025 2024 £70,001- £80,0 The charity considers that its key management personnel comprise the trustees, the Chief Executive Offi￿r aThJ the National OffI￿r Manager. The total employee benefits of the key management personnel were £163,433 (2024. £159,494 Irestatedll. These figures include Employerfs Nalional Insurance contributions (NIC) of £16,065 12025) and £14,888 120241. Totsl employee benefits of the key management pe￿nnel tor 2024 have been restated to include Employerfs NIC for comparative purposes 12 PAYMENTS TO TRUSTEES AND RELATED PARf< TRANSACTIONS The trustees all give freely of their time aThJ expertise without any fom of remuneralion or other benefrt in &3sh or kind (2024" nil). Trustees were reimbursed expenses incurred in ￿rf0m1ng their duties as board members, as follows- Eight trustees (2024.. 71 were ￿rnbursed £7,318 (2024: £5.191) for travelling, postsge, tekphone, stationery and other costs incurred in fvlfilling their voluntsry aGtivtties. induding up-front costs incurred in running events. During the year, one trustee {2024 - 1), Scott Cltfford. re￿p4￿j payment for providing IT support services to the chanty as per an exisb'ng contract for seNices which was in place prior to his appointment as trustee on 18 NovemÈer 2023 and uThJer the authonty provided by the Charrty's goveming document, contained in clause 4.4.3 of rts Articles of Association The total amount paid during the year was £17,610 {2024 - £15,260), this amount being paid to SC Training seNi￿s Ltd, a company of which Mr Clifford is a director. The amount outstanding to SC Training servI￿s Ltd al yearend was £5,148 (2024- £1.632). Annual Report 2025 33 IA 13 INTANGIBLE FIXED AsS￿s Total Software Cost At 1 October 2024 6.211 Additions At 30 September 2025 6.211 Amortisation At 1 October 2024 6.211 Charge for the year At 30 September 2025 6,211 Net book value AI 30 September 2024 At 30 September 2025 Sofvare comprises the membership database purchased to &Jministsr the membership records of the chaiity. Developmenl costs which enhance the funthonalty of the software are caprtaliseé. Costs for the sofhvare are amortised over a three year lrfe from the date tre expenditure was incurred, with amortisation included within expendr(ure on tharitable activities in the slalement of financial activities. The truslees have thosen to amortise such (J)sts over a three year period as in their opinion this most accuratety reflects the lrfe of all sofhvare. which is inherently limrted due to ongoing product development and the retsrement aThJ repla￿ment of current sollware ptDducts with new improved versions . Annual Report 2025 IA 14 FIXED Ass￿ INVESTMENTS Movements on inyestments for the year ended 30 September 2025 were as shown below. Market value basis 2025 2024 Quoted Investments Brought forward 5,601.026 5.224,613 Addth"ons 1,eiJ6,291 1.310.202 Disposals at carrying value (2.091.914) (1.339,525) Unrealised gainsllosses 229,358 405,736 At market value 30 Septsmber 5.344.761 5.601,026 At cost 30 September 4.592.227 s.l￿7.820 Prior to October 2019. all investrnents were held in a Sing￿ main portfolio, wrth investments allocated to funds on ￿ basis of ￿ cost input by each fund At 1 October 2019, the spltt was as follows.. Capital Investment Fund 87.54% Research FurKt 6.64Q/o General FurKI 0.00% Welfare Fund Elizabeth Clay Memorial Fund 5.18% Bryan N. Brooke (IA) Overseas Travel Fund 0.18% In October 2019, £375,000 was transferred from the tharity's bank account into a new 'B° portfolio, this being the investment of a proportion of fuThJs held on tjehatf of Branches in order to generate an income for these Branches. The main portfolio continued to operate using the split noted above until 30 September 2021, Ythen the Elizabeth Clay MeTnorial Fund was closed and the value of the main portfolio previously allO￿ted to tt was transferred to the Capital Investrnent fund as of 1 October 2021. The split from 1 OctotEr 2021 on the main portfolio was therefore as follows.. Capital Investrnent Fund 92.72°/. Research Fund 6.64/0 General Fund 0.00% Wetfare Fu￿1 0.460 Bryan N. Brooke (IA) Overseas Travel FuThJ 0.180/0 The table above showing movement on inveslrnents for the year represents the Gombined investments hekl on both the main arKI "B" portfol￿5. The cash held wlthin the investrnent portfolios is £68.56412024.' £42,897). All the investments are quoted on the UK Stock Exchange. IA does not hold any investsments outside the UK. Looking at the combined invesbnent portfolios. there are no investments that exceed 50/0 of the total marf(et value as at 30 September 2025. Annual Report 2025 35 IA 15 FINANCIAL INSTRUMENTS 2025 2024 Carrying value of financial assets Instruments measured at fair value through profft and loss 5,344,761 5,601,026 16 DEBTORS Amounts falling due within one year: 2025 2024 Legacies due 23,000 Prepayments 8.475 13,853 other deblors 14,854 12,800 Due from branch member organisations Rent deposit 3,500 3,500 Total 32,273 53.153 17 CASH ON DEPOSIT AND IN HAND The balan￿ shown includes an amount of £10) held on trLtst for the unincorporated predecessor charity, IA (Charity Commission (England & Wa￿) registration number 234472). Annual Report 2025 IA 18 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Accruals 27.558 38,053 Research projects 84.355 Taxation and social secunty 6.754 5.999 Due to branch member organisations 1.318 1,248 Deferrgj income 2.153 Other creditors 28.794 25,832 Totsl 66,577 155.487 19 REfiREMENT BENEFIT SCHEMES Defined contribution schemes The company ¢)perates a defined cOntribut￿)n pension scheme for all qualtfying employees. The assets of the scheme are held separately those of the ￿MpanY in an independently administered fund. The company ￿ntributeS a specTf*d percentsge of payroll (x)sts to the tirement benefft scheme to fund the beneffts. The onty obligation of the company with respect lo the scheme is to make the 5pecffi&d contributions. The charge to profrt or loss in respect of deffined contribution sthemes was £24,989 (2024.. £20,455). The cre(litor at the balan￿ sheet date relatirvJ to this scheme is £1.680 (2024.. £1,633). Annual Report 2025 37 IA 20 ANALYSIS OF CHARITABLE FUNDS For the fjnancial year ended 30 September 2025 Galnsl (losses) on investment assets Balance 1110124 Transfers between funds Income Expenditure Balance 301912025 Unrestricted funds General 321.302 218.284 655.529 430.522 314,579 Capital Investrnent 4,436,264 119.272 (430.522) 4,125,014 Branch Designated 318,260 60,898 12,764 {3,344) 363,050 Total unrestricted funds 5.075.826 279.182 668.293 119.272 (3.3441 4,802,643 Restricted funds Research 186,835 {11,376) 8,011 213,822 Weware 35,657 516 2,315 551 34,409 Bryan N Brooke (IA) Overseas Travel 21,126 2( 45 221 21.508 Young IA Butsary 5.230 5,230 The Victoria Wills IA Inlemal Pouch IA AnnualAward for Innovation 1,813 48 1,765 238 111 127 Robert Wainwright 48.892 6,920 42,472 Branch Restricted 270.513 55.444 289,301 Total restrlcted funds 570.304 64.266 38.063 8.783 608,634 Total funds 5.646.130 706.356 128.055 5.411,277 The transfer of £430,522 from the Captsl Investment Fu￿1 to Ihe General Fund was made to bring the level of General Fund reSen￿S back into line with the tharity's reserves policy. A transfer of £3,344 was made from Branch Designated to Branch Restncted funds to cover deficits on individual Branches, Restricted Funds accounts. Annual Report 2025 IA For the financial year ended 30 September 2024 Gainsl (losses) on Investment assets Balance 1110123 Trdnsfers between funds Income Expenditure Balance 301912024 Unrestricted funds General 264,435 545.603 666.416 177,680 321,302 Capital Inveslment 4,186,389 427,555 {177,680} 4,436,264 Branch Designated 279.188 56.425 15.819 (1.534) 318,260 Totsl unrestrlcted funds 4.730.012 602.028 682.235 427,555 (1.5341 5.075.826 Restricted fiinds Research 114.736 44,878 1,727 28,948 186,835 Weware 35.228 2.162 1.992 35,657 Bryan N Brooke {IA) Overseas Travel 20,137 240 48 797 21.126 Young IA Bursary 5.230 5.230 The Victoria Wills IA Intemal Pou IA Annual Award for Innovation 1,813 1,813 349 111 238 Robert Wainwtight 54,087 5.195 48,892 Branch Restricted 336,611 67,632 1.534 270,513 Totsl restricted funds 568,191 45.717 76.875 31.737 1,534 570.304 Total funds 5,298,203 647,745 759,110 459,292 5,646,130 The transfer of £177.680 from the Caprtal InbEstrnent FurKI to the General Fund was made to bring the level of General Fund reserves back into line with the tharity's reserves policy. A transfer of £1,534 was made from Branch Designated to Branch Restrict&J funds to cnver deficits on individual Branches, Restrrted Funds accounts. Annual Report 2025 39 IA 21 ANALYSIS OF NET ASs￿s BEtWEEN FUNDS For the financial year ended 30 September 2025 Net Current Assetsl {Liabilities) Long Term Liabilities Total 301912025 Fixed Assets Unrestrlcted funds General 314.579 314,579 Capitsl Investsnent 4,607,312 (482,298) 4,125,014 Branch Designated 363,050 363,050 Totsl unrestrlcted funds 4,607.312 195.331 4,802,643 Restricted funds Research 329.946 (116,124) 11.551 213,822 Weffare 22.858 34.409 Bryan N Brooke {IA) Overseas Travel 12.564 21,508 Young IA Bursary 5.230 5,230 The Victoria Wills IA Intemal Pouch Bursary IA Annual Award for 1nmVat￿n 1,765 1.765 127 127 Robert Wainwright 42.472 42,472 Branth Restricted 375,701 (86,400} 289,301 Totsl restricted funds 737,449 S,344,761 (128,815) 66,516 608,634 5,411,277 Total funds Annual Report 2025 IA For the financial year ended 30 September 2024 Net Current Assetsl (Liabilities) Long Terni Liabilities Totsl 301912024 Fixed Assets Unrestrlcled funds General 321.302 321,302 Capitsl Investment Branch Designated 4.849.752 {413.488) 318.260 4,436,264 318,260 Totsl unrestricted funds 4.849,752 226,074 5,075,826 Restrlcted funds Research 347,308 (160.473) 186,835 Welfare 24,060 11,597 35,657 Bryan N Brooke (IA) Overseas Travel 9.415 11,711 21,126 Young IA Bursary The Victoria Wlls IA Intemal Pouch Bursary IA Annual Awa￿ for Innovation 5,230 5,230 1,813 1,813 238 238 Robert Wainwright 48.892 48.892 Branch Restricted 370,491 (99.978) 270,513 Total restrlcted funds 751,274 5,601,026 {180.9701 45.104 570,304 6,646,130 Total funds Unrealised gains on investment assets Ind￿je￿ above.. 2025 2024 un￿Stnrted funds 664,086 481.073 ReStrict￿j funds 88.448 52,133 Total 752.534 533,206 Annual Report 2025 41 IA 22 OPERATING LEASE COMMITMENTS At 30 September 2025 the chanty had Ihe following fLrture M￿lmuM commitments under a non- cancellable lease for office premises as follows.'_ Payment due 2025 2024 No later tt)an one year 5.537 17,979 Later than one year and not later than fve years 5,537 Totsl 6,537 23,516 The amount charged to expendtlure on charitable activities in relation to the lease was £17,979. The charity had no other off-balance sheet arrarvJements. 23 RECONCILIATION OF NEf INCOMEI(EXPENDITURE) TO NEf CASH FLOW FROM OPERATING ACTIVITIES 2026 2024 Nel inGomellexpenditure) for the reporting period {as per the ststsment of financial aclivities) 1234853) 347.927 Adjustrnents for: DedLKt interest income shown in In￿stIng activitEs (122.987) (144,389) Deduct gainsladd back losses on investments (229.3581 (405,736) Lossl(profit) on th& sale of invtrslments 101,303 (53.556) {Increase)IdeGrease in debtors 20,880 38,736 Increasel{decrease) in creditors (88,910) 4,159 Net cash used in operating activities (553,925) 1212,859) 24 ANALYSIS OF CHANGES IN NEf FUNDS The chanty had no debt during year. 25 MEMBER ORGANISATIONS, ACCOUNTS Branch member organisations. activities are induded in these financial statemenls. Affiliate member organisations. being separately registered charrtw. prepare their own accounts in Annual Report 2025 42 IA accordan￿ with the appropriate legislation and are accordingty not indLNJed in these financial statements. As noted in notes 4 and 7 above, annual yjbscription charges of £28,204 were tharged to 8ranch member organisations by the tharity and as a result. both charitable income for unrestncted funds and charitable expenditure for restricted funds have been increased by this amount to reflect those transactions. The overall net effect on the charity zero. Annual Report 2025 43