REGISTERED NUMBER: 07490078 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

FOR

IDPC CONSORTIUM

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

T Chang Pico

O D Hodel

E Jensema

S Rana

J C Waterman

M C Busz

REGISTERED OFFICE:

37 Heneage Street

London

E1 5LJ

REGISTERED NUMBER:

07490078 (England and Wales)

ACCOUNTANTS:

Wright Connections Limited

Bedford I-Lab

Priory Business Park

Stannard Way

Bedford

Bedfordshire

MK44 3RZ

FIXED ASSETS

Tangible assets

4

-

240

CURRENT ASSETS

Debtors

5

26,461

202,552

Cash at bank

153,616

175,577

180,077

378,129

CREDITORS

Amounts falling due within one year

6

128,859

328,079

NET CURRENT ASSETS

51,218

50,050

TOTAL ASSETS LESS CURRENT LIABILITIES

51,218

50,290

RESERVES

Income and expenditure account

51,218

50,290

51,218

50,290

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 July 2026 and were signed on its behalf by:

T Chang Pico - Director

1.	STATUTORY INFORMATION

IDPC Consortium is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The presentation currency of Financial Statements is the pound sterling (£). Monetary amounts are rounded to the nearest £.

Going concern

The Directors have assessed the company's ability to continue as a going concern.

The Directors have assessed the company's ability to continue as a going concern. IDPC has a core funding grant from the Open Society Foundations from April 2025 to March 2028, as well as additional grants from other donors that allow the organisation to continue operating for the foreseeable future. In the coming 12 months, IDPC will continue to work to secure further funding and grant renewals for 2027 and beyond

Significant judgements and estimates

In the application of the company's accounting policies, the Directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Income

The majority of the company's income is project based and received by way of grants.

Grants, including Government grants, are recognised when there is a reasonable certainty that the grants will be received and any conditions that may attach to them can be met. Where there is uncertainty as to whether conditions of grants can be met the monies are recognised as a liability until such time as there is certainty.

A grant that does not impose specified future performance-related conditions is recognised as income when the grant is receivable.

Where future performance-related conditions exist income is only recognised in the income and expenditure account when the performance-related conditions are satisfied. Income receivable before the performance-related conditions are satisfied are deferred and recognised as a liability.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost

Tangible assets costing over £1,000 are capitalised and included at costs including incidental expenses of acquisition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company makes payments to defined contribution benefits pension schemes. Contributions are charged to the income and expenditure account as they become payable in accordance with the rules of the schemes.

Grants payable

Onward granting is made to other entities in accordance with the company objectives. The grants paid are recognised in the Income and Expenditure account in the period they relate to.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2025 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2025

and 31 March 2026

1,440

DEPRECIATION

At 1 April 2025

1,200

Charge for year

240

At 31 March 2026

1,440

NET BOOK VALUE

At 31 March 2026

-

At 31 March 2025

240

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade debtors

-

1,774

Other debtors

859

1,097

Deferred tax asset

9,982

9,982

Accrued income

15,620

189,699

26,461

202,552

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade creditors

1,981

60,511

Tax

144

-

Social security and other taxes

4,385

4,051

Other creditors

3,386

264

Deferred income

113,964

230,265

Accrued expenses

4,999

32,988

128,859

328,079

7.	LIMITED BY GUARANTEE

The company is limited by guarantee and has no share capital.

Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.