llntorA¢t IMPROVING UVES AND COMMUNrriES THROUGH LEARNING. LEISURE, SHARING AND SUPPORT 11￿ERACT CHELMSFORO UMITED Annual Report & Financial Statements For the year ended 31 March 2023 dmund Carr Ch(¢fi*r4d A¢¢•uB¢tsn¢S 146 New London Road Chelmsford Essex CM2 OAW IIIMIIM •ACIV￿cRI 211121￿23 COMPANIES HCiJSE Chelmsford THE NATIONAL LOTTERY ••'J COMMUNrrY FUND J City cour￿11 Essex Community Founédrion OntoFAct 01245 392053 mail@interact.org.uk InterAct Unil 63, Waterhouse Business Cent 2 Cromar Way Chelmsford Essex CMI 2QE www.interact.orE.uk InterActEssex @InterActEssex Reeistered Charity No. 1048631 A company Ilmited by guarantee in England and Wales No. 3087233 InterAct Annual Rwt- Year Ended 31 March 2023 CONTENTS Reference and administrative inforMat￿n Mission. Vision and Values Objectrves and Activlties Achievement5 and Perfomian Financial review 12 Future Plans 13 Stwclure, Governance and Managernent 13 Independent Examinerfs Report 15 Staternent of Financial Activities 16 Balance Sheet 17 Notes to the Financial Statements 19 Mak•ng a Olfference InterAct - 21,700+ 850+ hours provKiing opportunities to build social & life skills and In¢￿ase underslanding of mental health & person81 wellbeing parentslcarers, young people, volunteers and I professionals equipped with new skills 350+ leisure, leaming and sharing aclivities 4,300+ i *x*A860+ I children. young people & I families supported 22 Volunteers ￿vkIe[l 63+ hours oftheir time hours respite from caring responsibilities @￿ACE Ann￿1 Report- Year Ended 31 March 2023 The Trustees present theirAnnual Rewrt together with the financial statements of the charity for the year ended 31" March 2023. The Annual Report serves the purposes of both a Trustees, Report and a Directors. Report under company law. Thelinancial statements comply with the charit￿ Art 2011. the CoMpan￿ACt 2￿6, the Memorandum ènd Artitles of Association, the Statement of Recommended Practice ISORPI applicable to charitie5 preparing their accounts in actordance with the Financial Reportin6 Standard applicable in the UK and Republtc of Ireland IFR5 1021. REFERENCE AND ADMINisfRATIVE INFORMATION Charity Name: InterAd Chelmsford Limited Charity Reglstration No: 1048631 Company Registration No= 3087233 Registered and Principal Office: Unit 63 Waterhouse Business Centre. 2 Cromar Way, Chelmsford. CMI 2QE Trustees and Directovs Jenny McLean Debbie Knight Heather Moore Mark Hagon Caroline Clements lèppointed 21 April 20221 Matthew Eaves (appointed 29 September 20221 John Tweddell (resigned 6 April 20221 Lisa Mathew5 Iresigned 21 October 20221 Chlef Executl¥e: Svsie Nankivell lapKx)inted 31 May 20221 Anita Goldsmith Iresigned 31 May 20221 Patrons: Lord Petre Lady Patricia Stewart M8E BA Arch (Londl RIBA FRS Dave Monk LL.B MSC Etholle George Independent Examlners Edmund Carr LLP, 146 New London R¢)ad, Chelmsford, E$5ex CM2 OAW Bankers CAF Bank Ltd, Kings Hill, West Mallin& Kent ME19 4TA InterAct Annual Rwt- Year Ended 31 March 2023 MISSION, VISION AND VALUES MISSION: Impvoving Uves and COMM￿•tieS through Leamin& Leisure, Sharing and Support Our mI￿10n champions people to have increased choice to make informed decisions about their lives, empowerinB them to fully participate in their community and ￿ciety. and to reach their fvll potential. We support people to actively participate in their communities and lead fulfilling lives. To be able to do more. and need le5S SUPPOrt - with a common theme of helpin6 others to help ihemsefve5. V1510N: CommuDlties in whi¢h ourinterdepen(lence is valued, and where we work together to include the excluded and to create a fair world To achleve our Vision we: Actively promote personal and social development. choice, inclusion and opportunity through providing a range of high-quality, person-centred community services and training Support people io build better lives- t￿ouraging empowem7ent and resilience, increasing confidence, reducing isolation and loneliness. focusing on indwidual needs and strivingto achieve long-term sustainable change Help vulnerable people be inlormed throu8h support services. community training. brokerage and si8npostin8 Through the provision of these se￿ICe$. we seek to make a demonstrable contribUt￿n to the INes and wellbeing of children, young people, adults and communities. Our Values underpln all ih* we dty. Inspiri￿- we are creative, encouraging and ambli￿u$ Non-distriminatory- we respect ènd embrace the dwerstty of the communities in which we work Trustworthy- we develop trust and strNe for people to fulfil their potential Empowering- we help people to help themselves ReSponsi￿- we meet the changing needs of people and communities Accountable- we base our work on the needs of the people we support Cornmltment- we are Committed to providing quality. personr indr¥vJua15T*ilh rxxiwkn phyxal lrnentall 50¢ial ne•h Lack olstaft Lack of cr1510 car• ' W In ¢ths lar*rvJ uryrt help11￿ Lack of spe¢l•llsts ¢wI￿ra1 eomp•t•ny Potentlally ser¥ices l) areas *4h a olaAbJrg & bxkwtyJnds Ina¢¢urat• data InterAct Annual Report- Year Ended 31 March 2023 I￿￿ERAcr ACHIEVEMEpifs AND PERFORMANCE This year we have been able to deliver a full and varied programme of pro¥isK)n for youn8 people. families and individuals who were all able to take advanta8e of our wide range of yoirth clubs, holiday activities and trainin8 course5/workshop5. Impact 2022- 23: We supported over 850 children, young people. familtes, and members of the local community to aspire and achieve Iheir aspirations, increase their cholos and in(lependence and improve their emotional, mental health and wellbeing. This work was supported by more than 22 indrrfiduats contributing in excess of 63 volunteer hours. In total we provided 21,7(X)+ hours of opportunities to build social & life skills and int￿aSe undetstanding of mental health & personal wellbeing. Achievements 4 Successfully secured the Essex Short Breaks clubs and ActNities contracl as part of a collaboration of seven other providers: "SEND Sensation" 4 Identrfied and secured funding to delrler Mental Health. Resilience and suicide prevention trainin8 Retained a committed paid and volunleerworkforce Awarded the Mindful Employer Charter for Employers Positive About Mental Heafth Relocation: The primary obSertlves of this ￿loCatIon We￿ to move to a rnore suitable venue and to become more independent - whilst minimi5in8 disruptwjn to service delNery. Folk)wine the extension of interim contracts for CEO and Young People Team Project Manager. these objertbves have been largely achieved and w411 be completed in the coming months. In the past year the InterAct team has successfulty settled into new p￿MiseS at the W*erhouse Buslness Centre, adapting to new processe5 and other changes and si8nifTrcantly bmproving our back-offi￿ operations. The Waterhouse Busine55 Centre makes our team feel very welcome. while accountants Edmund Carr now provide bookkeeping and payroll services. The team has also been trialling a new accounting system Ixerol and new payroll system IBrightPayl, both of which offer signrficant process improvements. We have also established a new contract for reliable, comprehensNe and costoffertive IT supwt. Resources are unchanged, wrth services still in- house. The decisions to engage external providers for financial and IT support will both be reviewed at the end of thls flnancial year, but both have so far proven cost-efferti¥e. effitieni and reliable. Key contracts and service5: InterA£t Y¢)un Peo Our dedicaled team of #aff and volunteers provides an opportunrty lor chbldren and young people to develop vital life skills in or(Jerto identify 8oals and aspirations and to maximrse their life chances . all whilst enjoying the chance to make friends and enjoy new experiences. During the year our group activilies and clubs included- • Term-time. communsty-based artpilt￿s Youth and after-school clubs School holiday activities and day trips ifvernight triPS InterAct Annual Rem- Y￿r Ended 31 March 2023 Essex Short Breaks Clubs & Activities {ESBCAI AitivAte Holiday programme Together Club Teim time & holiday Ktivitses fol young people aged 8-18 with Learnlns dlffi¢ultles. Autlyn and Spe¢ial Educational Needs & Disabllltles ISENDI Holiday arti¥itses lor youn8 people WI￿ are in reteipt of benefit-based free sthool mea Supporting young people appmachlng adulthood lated 19+1 Although this collaboration has made progress in implementin8 the ESBCA contract, we are still experiencing signrficant challenges. We continue to negotiate the finer details of the contract including the registration, bookin8 and payment Systems and pressure to adapt our services to meet the emerging needs of the collaborative service provision- without losing sight of our own vision and style of service provision. We are of course committed to consolidatin8 this seThice successfully acr055 Mid & North Essex for all young people. regardless of age. need and locatlon. We have now delivered the AciivAte holiday activitie5 durin8 the Easter and Summer periods successfully and are all set to continue provision during the Christmas break. We also expect to re￿1ve further funding to provide the ser¥ice in the Autumn half term, although this is not a legal requirement for the local government. The majority of the places we allocated for young people were taken up in both holiday periods and the service continues to introduce our services to faMil￿S who previously had not used our services. Following a teM￿rary reduction in attendance, we plan to increase numbers again by deliverin another food education programme, fundin8 for which we have once again been awarded. We are still ambitious to replicate this group in Colchester & Clacton and have submitted a number of funding bids accordingly which are Still awaiting decisions. Emotional Mental Health and Wellbei ser¥i¢es: Our broad range of resilience courses, and nationally recognised Mental Health First Ard IMHFAI training promote positive mental health. These inspire and enable people- many of whorn have experienced difficult lrfe cirtumstances. anxiety. or stress- to cope with life's challenges and take control of their future direction. EwJ¢ Le•mln8 Parlnershlp Fund IELPF) In this quarter we have tompleted the delivery of the 2022-23 contract delNerin8 a cornbinat￿n of Mental Health First Aid IMHFAI training and Resilience courses. Final reports are being submitted but we aim to meet targets in order to secure full payment. It is still not clear as to the focus of the new contract for 2023- 24 procured by ELPF and whether it would be appropriate for InterAct. Attordin8 to dtscussions, the commissioners hope that the National Government will make an annOUn￿rnent in Autumn 2023. -Hyper L¢xaf Colchester Calaly5t Fund ISul¢lde Post¥ention & Prevention Workshap5) We have submitted another bid for an equivalent contract to this year lo be delivered in 2023- 2024 rf successful. Fee-Payin8 Train•n8 We continue to promote our training services to attrart fvrther uptake. Funding The contract with an external fundraising sen4ice has achieved varying degrees of SUC￿$5. Going forward we will be independentty identifying potential fvnds and bidding a5 appropriate. These will, rf successful, provide InterArt with a source of furtherfunding for a wider range of services. InterAct Annual Report- Y&r Ended 31 March 2023 Volunteering The pandemic understandabty led to a Signif￿￿t decrease in the number of volunteers en￿gIng with InterAct. However. we are gradually attrarting new volunteers. primarily as youth workers and admini51rators. Partlclpatlon Our programme of activities and leaming opportunities allows all those who engage with wr servKes to offer suggestions for positive developments and constructive criticism. This influences our decisions and services, for example via- Contributing to the content and development of InterAcVs young people's actNity progrimme O Feedback to funders to endorse the posrtive impact achieved by our servKes Providing evidence to support applications for further funding Participating in consultat￿n events aboul the experiences of young people with special educational needs and disabilitres both locally. and nationally Partnershlps InterAcVs focus on building partnerships allows ihe organisation to add value to our services. contribute to the development of stronger links to the wider community and collectNety achieve a greater impact. We continue to work c105ety with Essex County Counol and a range of mutti-agency professionals acr055 education. health, social care and the voluntary sector to provide coordinated support for families and to utilise our joint skills and resources- adding value and maximFsing opportunities for collal)oration. Partner Joint Acti￿11¢$ Essex Council for Voluntsry Youth Servlce5 {ECVYSI As joint Mefflbe￿ of Mid4ssex Cluster Group, we support youth voice consultatK)ns: one staff member serves a5 ECVYS Treasurerlrrustee C¢unlchester Korban ProJert- Community 360- Essex County Council - E55ex Fire & Rescue- Extra Support fof Families- First Site- First Stop- Futures in Mind- Home Stsrt Essex- Hope House- Ideas Hub- Kintsu8i Hope- Maldon & District CVS- MHFA En8land- papw￿1h Trust- Provide- Royal Deaf Association- Southend-on-sea Borough Council- Swan Housin8Association-Tendrin8 Distrirt CwncFI- Tendring Distritt Primary khools- West Essex CCG Rèsems Polory The policy of the or8anisation continue5 to be a commitment to buikl upon unrestricted fvnds and maintain an appropriate level ol reseryes to safeguard the Charitvs attivities in the event of a signifitant shortfall in fundin& thus allowing us time to consider how funding could be replaced. artivities changed. orto mana8e a wind down of activities. Additionally. we have a commitment and a respgnsibility to act responsibly to our employees and to PrO￿￿e assurance to our p¥tners. The reseryes policy also provsdes for desi8nated funds, which the Trustees Continual￿ rewew. Ha¥ing revièwed the Charl￿S requirements for rÈser¥e and given due consideration to the risks and opportunities. the Twstees believe that unrestricted funds should be a minimum of six months. operating costs. With totsl expenditure this year of £375k. current unrestricted funds of £303k represent a healthy 9 rnonths ol operailrf tosts. Resèrves requirements are reviewed and updated monthly. and evaluata byTrustees at our quarterly Trustee meetings. The 5trate8y is to ¢ontinue to build unrestricted reserves thro￿ planned Operati￿ surplu5e5 where possible. 12 rtorAct Annual Repwt- Year Ended 31 Marth 2023 Pensions A provision for deficit Contributions to the InterAct pension 5d￿rne is included within the accounts. Thè net present value of all future experted defiot ¢ontributions as at the year*nd amounted to £851. 5tmenl Poll¢v . Any surplus cash flow Is moved from our Current Kcount into an interest bearing deposit ac¢tsunL maximising retum. and minimi5ing any risk. Pay Pollcy lof Senknr Staff The Charivs pay strate8y Is a8reed by the Board of Trustees. indudin8 the remuneration of key fflana8ement personnel, and is reviewed annu311v. PLANS FOR THE FUTURE Deliverin8 safe, responsbve. high quality. person-centred services continues to lie at the heart of our or8anisational strategy. Evidence shows that the number of young people with ￿arnIng disabilities is expected to in(￿ase. Allied to thbs the number ol people expeiiencin8 poor mental health continues to grow. We will continue to focus on consolidating and strengihening our organisation to ensure we are well placed to meet identified needs. Contlnuing to build links with local Organ￿lI0n5 and businesses Devek)ping use of technology Growin8 and adapting our services to meet identi￿d need Improving monitoring and evaluation PreseNing the high quality Servi￿ and training we currently offer Reviewing and impro¥in8 polioes. procedures and management controls Diversifying our income Reviewing our strategy to ensure it 15 relevant and sustainable sThucruRE GOVERNANCE AND MANAGEMENT Govemin8 Document InterArt is a company limiled by guarantee. We were formed in 1992. and became a registered charity on the 12th August 1995. InterAct is regiSte￿d as 8 charity with the Charity Commission for England and Wale5, and is governed by its Memorandum and Articles of Association. The director5 of the company are also charity Trustees for the purposes of charity law. Trustees are appointed by the Board of Trustees. in accordance WTth the Charity's governing document. In the event of the charitable company being wound up the liability of each member is limited to maximum of£lO. Appointment ol Trustees The Trustees seek to build a 8oard with a drverse range of skilb, experience and outlcK)ks needed to provide effective direction and oversight. who can add new dimensions and fresh ins¥hts to our work. Tru5tee5 rep￿sent rnembers of the community who can support and influence the objectNes of the charity. Trustees are recruited as and when required through a variety of routes including word of mouih. promotion via newsletters. bcal community voluntary servi￿5 and other networks. Trustees come from all walks of lrfe brirbging with them experience of the commercial sector. disability. education, safeguardin& social ca￿, finance, marketin& personnel, social media and the voluntary sector. Regular skills audits a￿ conducted to guide the recruitment of new Trustees. pr￿peCtIve Trustees are invited to meet with the Chair of Trustee5 and the Chief ExecutNe to discuss the responsibilities of being a Trustee and what they can bring to the organisation. Successful applicants are then invited to meet the Board, and proposed for elertion. All Trustees are subject to a satisfartory Disclosure and Barring Service theck and give thelr time voluntarily. Inductlon and tralnln8 Trustees are provided with an induction pack which includes details of their govemance re5pon5ibilrties and legal obligations, an overview of the operation of the charty. theTru5tee decision-makin8 process. Strategic ￿1￿Ction. key InterAct Annual Report- Year Ended 31 Ma￿h 2023 risks. ￿cent financial perfomiance and further rnforn7ation drawn from Charity CommlssKin publicatitins. The induction process abo includes the opportunity to meet Staff and visit operational activities. Or8anlsatlonal structure InterAct's Board of Trustees meets quarterty and are responsible for the strategic direction and policies of the charity. Sub-committees are formed as required and all report to the Board of Trustee5. To facilitate effective operat*)ns the day-to-day management of the charity 15 delegated to the Chief Executrve, who reports to the Board of Trustees, and to the Senior Management Team1SMTI who have lead areas of responsibility across the Qrganisation and report to the Chief Executive. No employee received remuneration of More than £60,1I)O durin8 the year. Related parties None of our Trustees recerve remuneration or other benefrt from their work with the charity. In the Current year there are no related party transactions to be reported, other than the donation from InterA¢t Projerts Limited. Risk Management The Trustees in consultation with ihe Senior Management Team have a risk manaBement strateby which identifies and assesses risks, prioritises them in temis of wtential impact and likelihood of occurrence, and identifies controls to mttigate those risks. Trustees re8ulady review the ri5k5 to which the charrty could be exposed. particularly those related to the operations and finances of the charity. Trustees are satisfied that the charty has taken all reasonable steps to minimise rlsk, and has policies and procedures in place lo mr¢igate exposure to the major risks. Risk management processes are subject to periodic ￿V￿w- and prioritte5 adjusted as new risks arise and others become ￿s$ signrficant. The challenging fundinB climate continues to highlight the need to maintain è tight control on expenditu￿ and to have plans in place to reduce expenditure should the need arise. Approved by the Board of Trustees and si8ned on its behalf by: D Knight D Knight Trustee 14 IDterAct Chelm25ford IAmited Independent Examintr's Report to the trustees of IDterAct Chelmsford Limited ('the CompaDy') I report to the charitable company rnjsitts on my examinalion of the accounls of thc company for the year ¢nd¢d 31 March 2023 which are sa out on pa8es 16 to 33. R¢$ponslbllldt$ atyd ba$is of report As the charity trU￿CeS ofthe company (and also its dir￿01$ for th¢ putposes ofcompany law) you are rc5p¢Jn5ible for the preparation of Ihe a¢¢ounts itt ac£orda#ce with ihe rtquirtmenis of ihe Companie5 Aa 2Crt)6 ('the 2006 Aci,). Having satisfied myself thai ihe accounts of the ¢omp)ny are r¢qui￿d io b¢ audit¢d under Part 16 ofthe 2006 A¢¢ and are eligible for irtdependeni examination. I report in respect of my examination ofyouT company's a¢¢ounlS as carried out under stciion 145 of the Charities Aa 2011 (-"Ihe 201 l Act.). In urying out my examinat20n I have followed the Directions given by the Charity Commission under ￿110￿ 145(5Xb) of the 2011 Act. lttdtpt#dtht tx*miDer's st#ttme•t Since thc company'5 gross in¢ome ex¢¢ed¢d £250,(KK) your examirter M￿$1 be a meM￿r of a body listed in section 145 of ihe 2011 A¢i. l ¢onfinn thai l am gualified io underthke ihe cxaminaiion because l arn a member of The As%)ciation of Chartered Certified Accountsnls. whi¢h is one ofthe list￿ bodies. I have eompldtd my examinatiot). I confjnn no mallers have come to my attention in ¢Onn¢C¢ion with the examination giving me cause io believe.. accounting records ￿re noi keo in r¢sp¢¢L of the Company &s req¥iTed by seciÉon 386 of the 2006 Act,. or 2. th¢ a¢¢out)ts do not accord with ihose records: or 3. the accounts do noi comply wih ihe x¢ounling Tequirements of se¢tion 396 of th¢ 2006 Aa other ihan any quirement that the a¢¢ouniS give a 'trne and fair view. which is a maner considered as part of an indeFndent examinaiioft. or 4. (he accounts have noi been prepared in a¢¢ordaDce ivtth the methods and principle5 01 Ihe Statemenl of Recommethd¢d Pra¢¢i¢¢ for ¥¢ouniin8 and reJx)rtin8 by chariiies applicablc 10 charilie5 pf¢paTing th¢ir accounts in accordance with thc Financial Reporting Stsndard appliuble in th¢ UK and Republic of Ireland {FRS 102). I have no concerns and have come acTOS5 no other matters in ronn￿liOn with the ex)nJination io whi¢h aneniion should be drdiTrm in ihi5 report in ordcrto enable a proper understandirjg of the io be reached. S A Morrell Sandra Morrell FCCA 146 New London Road Chclrnsford Essex CM2 OAW d*: 19 Detémter 2023 PaR¢ 15 IMterA¢¢ Chelmsford Limited Stat¢m¢DI of FiDath¢i#l A¢¢ivilies for the Year Ended 31 March 2023 n¢lnding ltt¢ome and Expenditsre Account Other Comprehensive Income) Tot41 2023 TotAI 2022 Rtstritted N•te gDd EDdowments from: Donaiions and Brants ChaTi¢able a¢iivitie$ Other trading activities Invesimeni income 21 J24 80.406 261.913 10.096 IOJ.730 261.913 10.271 2,910 52,716 254.595 12,013 74 175 2.910 Total income 24.409 352.415 376 824 319,398 Exptnditun •D: Raising funds Charitable activiti¢$ 9.257 35,453 9,257 365.864 25.786 310,510 330,411 Total expcnditu 44.710 330.41 375.121 336.296 Net (¢xpendityrtYin¢om¢ {20,301) 22,(MM 1,703 (16,898 Net movemcN in funds (20,301) 22,(MM 1,703 116,898) Rrt•rteiliatio* of fuDds Total filnds brou8ht forward Total funds carried forward 323,253 85,070 408,323 425,221 19 302.952 107,074 410.026 408,323 All of the ¢h#ritable Company's activities dewyvc from ￿n¢$nUIng op￿ratIonS during the alN)vc two pcriod> P4e 16 InterArt Chelmsford Limited (Registration number: 3087233) Balante Shett as at 31 2023 2023 2022 Nott Fixed assets Investmenis 14 Curr¢DI a55ets Debt(>rs C&sh ai bank and in hand 15 16 19,148 416.557 10,307 449,870 435.705 460.177 Crnditors.. Atybwthts fallinz du¢ wilhitt oDt y¢*r 17 {24,830) 50.521) Nel eurrent assets 410.875 409,656 Jyel ass¢ts ¢x¢ludlng p¢Dsion li*billty 410.877 409,658 Pen$ion scheme liability 18 {851) {1.335 Net assets l*¢lydthg pe•5iots l¥*blllty 410,026 408.323 FuDd$ of the tharltable tOmPaDy: Restritttd intome f￿nd$ Restritied fvnd$ 19 107.073 85,070 Unrestrl¢ttd intomt tksign#i¢d futtds Unrestricted funds Pensiort resetve 17.608 186,196 851) 117,608 206.980 (1,335} Tothl unr¢strirl¢J fvt 302,953 323.253 Total fyknds 19 410,026 408,323 For the rjnancial year ending 31 March 2023 ihe chari¢able company was eniiiled io ￿eM￿lOn from audit under seaion 477 of ihe Companies A¢t 2006 ￿l811#g io small compaffiies. DIr￿lorS. responsibilitics= The m¢M￿rS have rhoi required the ¢haritsblc company io obtsin an audit of ILS accounts for ihe year in question in ¥¢ordOTt¢e with Srfiion 476", athd The direclors acknowlcdge Ihcir Tesp0Tr5ibililies for c(Hnplying with the requirement5 of the Act with re5]Kd 10 a¢counling records and ihe prepornlion of a¢count& Th¢se financial #*¢m¢n15 have been prepared in a¢¢othce with thr special provisions relating to tompanies subjeci to the small companies re8ime withirt Part 15 of Ihe Companies Ad 2006. Pag¢17 l•terAct Chelmsford Limited (Regislration mumber: 3087233) BalaDCt Sheet as gt 31 March 2023 1gtkThxmbir2023 The financial stsiemtnts on pa8¢s 10 ￿ 33 w%re approv¢d by th¢ tnw¢e5, and authorised for issue on ............. ...... and signed on their behalfby: D Knight D Knight TnLsi¢e Poge 18 InteTArt Cbelmsford Limited Notes lo the FillaDcial St*tements for tht Yegr Ended 31 M*rch 2023 I Charitable t•wp*ny si#llls The chariiable company is limiied by giiarantee. in¢£*rporated in England & Watts, and consequently does not have share ¢apiiaS. Each tsf the trn￿eeS is liable to contrbbute an amount not ¢x¢ttding £10 toM*rd$ the assets of ihe ¢h4ritsblc company in ik eveni of liqu￿allOn. Swmrnary of 5igTrifKan¢ atrounling polities ¥nd X¢COUDtiDt estimates The princi￿[ o¢counling policies applsd in ihe preparaiion of these finamc1￿ Statements are sei out below. These policies have been corLsisient2y applied io all ihe years presenied. Otherwry￿ stsied. Stgttmtnt of tomplia•¢e The fjnancial sthiemenis have been prepared in ac¢ordan¢¢ with A¢¢ountinK and Reponirtg by Charities: Statemet)I of Recomm¢r)d¢d Prdclicc appliuble io charities Preparing their ac¢ounts in accordance with the Fbnancial Reporiing Siartdard appli¢able in lh¢ UK and Republi¢ of Ireland (FRS 102) (eff¢c¢iv¢ l January 20191- {Chariit¢s SORP IFRS 102)), th¢ FIn￿cIal Reponing Standard applicable in the UK and Republic of Irelattd IFRS 102). They also comply wilh the Comp￿LeS Aci 2(X)6 and Chatities Aci 2011. Basis of prtp*ratlon InierAci Chelmsford Limited mth$ the defirtilion of a publi¢ IM*fit entity und¢r FRS 102_ Asset$ and liabililies 3re inilially recognised at hyAoric￿ ¢oM or iran5actioTh valuc unlcs5 oihemry5e slated in the relevant accouniing policy tes. The ITus*es consider Ihai Ihert are no m*erial unrertainlies about the charitable compaDy's ability io ¢ontinue as o going concern nor any Signifi￿nI areas of uncthainty affect the caThying value of assets held by the charitable company. Group ¥rtOllht$ pnp*r¢d The charity ha$ thken advantage ofthc ¢xwption Prnvid￿ by Section 139 of th¢ Charrli¢5 A¢t 2011 nol lo prepare group accounts.. All income is reeognised once the ¢h*itable comp¥ry Iws entitlement io th¢ ii)com¢, il is probable th¥1 th¢ income Ivill be received and thc amount of ihe incomt rcttivable can be me&sured reliabfy. Pa8t 19 InterA¢t Ch¢lmsford Limited Notes to the Fin8nctal Statements for the Ytar Ended 31 March 21123 Donations are rccognised when ihe charitsble company has b¢en n￿lfyed in WTiiing of both the amouni ar 5rNl¢tD¢nl date. In th¢ eveni ihai a donaiion 15 subject lo condilion5 thai rtquire a l¢v¢l of FKrforniance by the Chariiable company before the charitsble company is tniiiled to the funds. Ihe income is dtftrred and not r￿ognised uniil either those conditions are fully m¢L or the fuifilment tsf those tondition5 15 wholly within the ¢Mtrol of the chariiable company and li is Probable ihat these tonditions will bt fulfilled in the rtwTrrtin8 period. Gr47nts recelvable Granls are recogni%d when the thaTithble company has an eniiilernenl to ihc hjnds and any condiiions linked to thc grnnis have been mei. Where r*rfomian¢e ¢ondilion$ w¢ att•¢hed to the grant Jnd ar¢ yet io b¢ md, the income is recognised as 8 liability and included on ihe balance she￿ as deferred irKome to be released. DelerreA7incon tkferred in¢om¢ rew¢sents amowjts received for firturc periods and is r¢leas¢d to irKoming resouT¢es irt th¢ period for which it ha5 been received. Such income is only deferred when the donor specifies thai the 2fdnr or donation fflU￿ only be used in fviurt acco￿lIng pEriod5 or ihe donor ha5 imposed Conditions which rnuA be mei before ihe charity has unconditional enttilement. EX￿ndIt￿Te EXp¢ndiiU￿ is ￿￿OgniSed on¢¢ there is a legal or ronstwudive obligation lo make a paymenl to a third party, il is probable ihai sciilemeni will be required and the am(￿¢ of the obli8aiion can be meawred nliably. Expenditu inrlud¢s any iwrecoverable VAT. R4tslh8f4ttds These are tosis incurred in attracting Yoluntary in¢om¢, the martagemeni of inv¢5tyn¢nt$ attd thi)se incuntd in trading artivitics rdise fund> Chorii*ble 4alvld Charitabl¢ ¥livities irtlude expenditure a550Ciat¢d with tk running of programmcs and inrlude both ihe diretl Costs and support C05t5 relating to ihose aciiviiies. Support to$ts Supw>rt ¢OSts includ¢ managem￿1 aTrJ adminis¢rJtivr fiw¢iions athl hav¢ b¢¢n rccovtred from PTogrammes via an expenditu￿ usage 0￿rhead. Support eosts are allocated b&sed upon ihc proportion. of the directly attributable ex￿ndit￿r¢. Covern8nee costs Governance co#s include ihose incurred in the gov¢man¢¢ of the charity and its wets and ¥e primarily associated Iviih ¢onsiilulional and si8￿(0ry Ttquiremen Pagc 20 InterAct ChelJDsford Limited Notes to the Fi•an¢ial StatemeDts for the Ytar Ended 31 March 2023 Covtrnment grADts Government grdnts are reCogni￿d based on th¢ model and are M￿￿re￿ ai the fair va]ll¢ of ihe ossei received OT re¢eivable. Grartis or¢ ¢lassifJed &s relatin8 eiiheT to Tev¢nue or io &ss¢ts. Qrant5 relating to rev¢nue are r¢cogni5ed in income over Ihe ￿riod in which Ihc relaled costs art recognised. Tax•tion The charitable company is considered to p855 le￿5 Set in Paragraph I Schethile 6 of the Finance Act 2010 and therefore it meets ihe definition of o ¢h8riiabl¢ ¢ompany for UK corporation 1Ox piirpoges. Accordingly, lh¢ charilablc company is poteniially exempt from taxation in respecl of income or capi￿1 gains reccivcd w'iihin ¢ai¢gories rovcrcd by Chapter 3 Part I l of ihe CoTporation Aa 2010 or Section 256 of the Taxalion of Chargeable Gabns Aci 1992, 10 the exieni Ihai such income org3iNs ¥e applied exclushvety io Charl￿ble purposes. DepreeiatioTh anJorti5*ti0 DepTecialion is providcd on iangible fixed assths $0 15 10 ￿lIe off the c05t or valuation, less any estimated restdual value, over their exF*Cted uscful e¢onomi¢ life as follows= Asid tl*ss Cornpuier equipment Fixtures & fittines Moior vehicles Depreri•liop w¢thod ##d rxte 33% of w51 25Y• of cosr 33% of ¢0 Fixed asset iThvestmtDts Inve51ments sn subsidiaries are recorded ai C05L Trgd¢ d¢btors TTad¢ aThJ oiher debtor5 are recognIs￿ at the seulemeni arno￿1 due. Prepayrnents arc valued ￿ th¢ amouni prwaid. Cash And t•$h equiv#letsts Cash and cash ￿ul¥8]ents ¢omwise ¢ash on hand aThJ bank deposits. Trade creditors Crcdiiors are retogni$ed where the tharity has a PTestt)i obligaTion rcsulting from a past event thai will probably resul¢ itt ihe irdn5fer of fiJnds lo a third party and the amount due io settle the obligaiion can be measured or emimaied reliably. Cr¢diiOts ère norn)ally r¢¢ogn¥s¢d ai their scNlement amounL Fwnd strthcture Unre$iriti¢d gencral fiuKls - Ihese are ￿ndS whi¢h ¢an be used in accordancc with the chaTi¢able objttis al thc discreiton of ihe Intstee& Designatcd funds- thcse arc fimd5 Set asidc by the in￿teS oui of unrestricied fvnds for specific future purposes or PTOj¢¢iS. Pagc21 Inl¢rAct Cbelmsford Limited Notes to the Finap¢ial Statements for ihe Year Ended 31 March 2023 Rtsirictcd fund5 - these are fund5 th￿ can only be used for particular rcstricted purposes within tk obj¢¢ts ofthe ¢harity. Restriciions arise ivhen spe¢ified by the donor. PensioTrs and other post ttliremtnt obiiEatAO•S The charity makes paymenis 10 TPT ReiiTemeni Soluiions whith is a a multi-employer defined benefil pension s¢hem¢ a¢¢ounied for as a defin￿ contribution scheme. These payments include deficit contribulions. Futther InfO￿allOn on th¢ sckme is sknwn in the notes LO the financial sth*ments. Flh#nelal knstrntheJts CIt7S5ificulion The charitable company only has financial assets and fjnancial liabilitie5 of a kind ihat qualify as basic financial insiNm¢nis. Ba51c financi￿ illslruments at¢ Initio]ly recognised at transa¢iion value and subs¢qu¢nily measLtred ai I￿1r 5c¢tkrn¢nl val￿. 3 ID¢ome froN don*tions and legaties Unrestrieted fu￿d5 Rtstrltted fund5 Tot*1 2023 Totgl 2022 Do￿[10nS recervable Gov¢mm¢ni 8raNs Gifi Aid donations from 5ubsidiJric5 4,649 80,406 85,055 40,665 2,776 9,275 16,675 16.675 21.324 80,406 101730 52.716 Pagt 22 JDlerAtt Chelmsford Limited Notes to the Fibattcial Stattments for the Year EDded 31 March 2023 4 In<•me from rb#ri¢ablt Xlivities UnrestTirted Restricted r¥thd$ Tolal 2023 Totxl 2022 Young People's Services and Ejnotionaj Mental Hcalth & Wellbeing Cli¢nt and leamer rontribuiions 217,879 44.034 217.879 44.034 206,803 47.792 261.913 261.913 254.595 S Ine•mt from othtr trading xlivitit5 U*restritted Reslrkt¢d Total 2023 Tot*l 2(122 Oth¢r in¢ome 175 10.096 10,271 12.013 175 10.096 10,271 6 I￿¢$I￿¢D1 in¢•me UvArestricted Restritted Total 2023 Total 2022 Intere￿ receivable and similar income- Inierem r¢ttiv4ble on bank d¢posits 2.910 2.910 74 Page 23 InterA¢t Ch¢lmsford Limited Notes to the Finan¢ial Stattments for th¢ Year Ended 31 March 2023 7 Expenditure on tharitxblt adlvltles Activity *d¢rt*lLt dirtttly Attivity support tosts 2023 Youn8 People'5 Services Emoiional M¢Mal Health & Wellbeing 188.185 82,175 59,601 35,903 247,786 118,078 270.360 95.504 365,864 Activity uAdtrt*ke dirtrtty Adivity support t•sts 2022 Yourtg People's Sthwice5 Emotional Menial Health & Wellbeing 163.959 90.157 42.598 13.796 206.557 103,953 254,116 56,394 310,510 8 . Analysis of iovtrts••¢e •Dd wpport costs Support tosts allorated to tbarilabje attivities Gover•anre Administration ¢osts Total 2023 Total 2022 St•ifc*ts YounE Peopl¢'s Services Emotional M¢n¢al Health & Wellbeing 2.548 1,212 41.538 19.986 20,480 9.740 64,566 30.9J8 42.598 13,796 61,524 30.220 95,504 56,394 Covernince tosts Ttstal 2023 20Z2 Independenl cxamineT fees Examination of Iht financio15tstemenlS Oihcr fee5 paid to examiners 2.010 1,750 1.850 1,650 3,760 3,500 Pa8£ 24 loterArt Chelmsford Limited Notes to the Fillanrial Statements for tht Year Ended 31 Marth 2023 9 Net Intomingloytgoing rtso•tt Net IncominW(oui8oin￿ re50urce5 for ihe year include.. 2023 2022 Deprecialion of fixed &55ets 6.458 10 Trusttts Rm4#tr*iiott *tt•J txpethsts No irus¢¢e& nor any rKrson5 connxied with them. have received any remuneration from th¢ ¢hariTablt ￿MpanY during ihe year. No trustees have received any reimbursed exF*n5es or any otkn t*nefit$ from the tharity dwing the ycar. I I St*ff costs The aggregate payroll costs were &8 follow￿". 2023 21J22 St•ff ¢•Mts during tht y¢•r w*r¢: Woges and saiari¢s Social 5e£uTIry Costs Pension costs 222,556 12,375 10.076 193,816 12,124 10,202 245.007 216.142 The Jnonthly averdge number of persons (irKluding senior man4erneni I leadership ￿m) employed by the charilable company dwiD8 the year expressed by h¢*1 &$ follows: 23 2022 Toi81 20 19 10 {2022- 10) ofihe èL¥)ve employees parti¢ipotcd in Defined Contsibution Pension S¢heme& Coniribuiion$ 10 the employee pension schemes for the year totsll¢d £10.076 (2022- £10,202}. No employee ￿(C)Ved emoluments ofmorc than £￿I,(m￿} during the y￿. The total ernployee knefiis of the key managemeni person￿] of ihe ¢haritsble company wtre £50,464 (2022 - £60,416). Pag¢ 25 IAterAet Chelmsford Limited Notes to the Filancial Statements for the Year Ended 31 Mareb 2023 12 TaxAtIo The charilable comwdny Is a regi&ter¢d charity aNI 15 therefore exemo from t&xaiion. IJ TaD#ibl¢ rued ￿$t15 F￿nIt￿re eq¥1pw￿1 otor v¢hirl Tolal Cost Ai l April 2022 Disposals 17.021 17.021 18. 36.016 17.021 At 31 March 2023 18.995 18.995 D¢pr¢¢iallo At l April 2022 Eliminated on disposals Al 31 Mar¢h 2023 17.021 17.021 18,995 36.016 18,995 18,995 Net book vglu¢ At 31 March 2023 At 31 March 2022 14 Fixed #sstt kn*tstmt*ts 2023 2(122 Shares in 8mup undertakings and panicipating inter¢sTS Pag¢ 26 IDlerAd Chelmslord Limiled Notes ¢0 the Financial St#temeDts for the Year Ended 31 March 2023 Shares in group vNdert•kiDgs apd parficipaliDg iw¢¢r¢sts Swbsldlary dertxklDg$ Tot81 C05t At I April 2022 At 31 March 2023 Nei book Ai 31 March 2023 At 31 Mar¢h 2022 Delaib of undertaklngJ Ddails of the investments in whi¢h The ¢1oriiable ¢omp•)y Iw)Ids 20% or mort of the nominal value of any ¢lass of share capital are follows-. C•¥tttry •f iDtorpor*tion Proyortiott of votithg rlghts Printipgl aDd shares beid activity Undert*king Holding 2023 2022 Subsidiary uThdertakings Manages Moulsham Mill Business Cenire In¢¢rAu Project$ Limit England and Wales Ordin lo￿￿ Page 27 InterAct Chtlmsford limited Notes ¢0 the Fin*D¢ial St¥tements for the Year Ended 31 March 2023 S•bsidiarie5 DuTing the year. InierA¢t Proj¢¢i Lirniicd (Comwy number 02772864) paid InierA¢i aKlmsfoTd Limi donations of £9,27512021.. £14.952) under Gift Aid. 15 Dth•rs 202J 2022 Trade debior5 Oih¢r debtors 13.684 5,464 9.227 19,148 10,307 16 C•sh tash ¢q￿lY#l￿ts 2023 2022 C&sh ai bank and in hand 416,557 449,870 17 Cr¢dil•rs". amo•nts f¥1%￿ du¢ with¥Th •ne y¢*T 2023 2022 Trade Creditors Other taxaiion and so¢ial securiry OiheT ¢idiiors Accruals Deferred income 13.2A) 3.952 1.873 3.720 1,995 2,639 4.453 2.462 4.210 36,757 24,830 50,521 21123 2022 Deferred income ai l April 2022 ResouT¢es defcrr¢d in the Period Amounts Telcastd from prcviou5 periods 36.757 8,509 32,798 4,550 34.762 Deferred intomt It ycar end 1.995 36.757 P4¢ 28 IDterAd Chelmsford Limited Notes to iht Fitsan¢ial Statements for the Ytar Ended 31 Marck 2023 18 Pttssion and other schemes DtfiThed b¢Dtfit pensioD stb¢th TPT Rdlrethttht Soluti•ns The charily parti¢ipaies in a pensi￿ s¢hem¢ thini51¢r¢d by IPT R¢tirem¢M Soluliorts (fonnerly The Pensions Tru51). a multi