## **Supporting young people to lead fulfilling lives** ## **InterAct (Chelmsford) Limited** (A company limited by guarantee) ## **Annual Report and Financial Statements** For the year ending 31st March 2025 Charity Number 1048631 Company Number 3087233 Annual Report and Financial Statements: year ending 31.03.2025 ## **Contents** ## Legal and Administrative Information 03 - Board of Trustees - Key Staff - Contact Details - Main Advisors ## Mission, Vision and Values **----- Start of picture text -----**
||| |---|---| |Mission, Vision and Values|04| |Aims and Objectives|05| |●|Public Benefit| |Range of Services|06| **----- End of picture text -----**
- Young People Services - Emotional, Health and Wellbeing Services - General Operations - Partnerships - Communications - Volunteering - Participation - Achievements and Performance - Future Plans and Strategy ## Governance and Management **----- Start of picture text -----**
||| |---|---| |Governance and Management|09| |●|Governing Document| |●|Recruitment, Induction and Training of Trustees| |●|Management and Organisational Structure| |●|Related Parties| |●|Risk Management| |o|Safeguarding| |Finance|11| |●|Finance Review| |●|Principal Funding Sources| |●|Reserves Policy| |●|Pensions| |●|Investment Policy| |●|Responsibilitie of The Board of Trustees| |Independent Examiners Report|13| |Statement of Financial Activities|14| |Balance Sheet|15| |Notes to the Financial Statements|16| **----- End of picture text -----**
2 Annual Report and Financial Statements: year ending 31.03.2025 ## **Legal and Administrative Information** ## **Board of Trustees** Caroline Clements Chair Matthew Eaves (resigned 29[th] November 2024) Donal Golden Treasurer (appointed 13[th] March 2025) Mark Hagon Debbie Knight (resigned 14[th] November 2024) Laurence Manley (appointed 13[th] March 2025) Jenny McLean Heather Moore Jamie Redzimski (resigned 27[th] January 2025) Rebecca Wade-Palmer ## **Patrons** Lord Petre Lady Patricia Stewart MBE BA Arch (Lond) RIBA FRS Dave Monk LL.B MSc Etholle George ## **Key Staff** John Blair Chief Executive Officer & Secretary Susie Nankivell Office Manager Lesley Bailey Emotional/Mental Health & Wellbeing Services Lead Vickie Perkins Project Manager – Young People Team ## **Contact Details** Address and Registered Office Unit 16, Old Park Farm Ford End, Chelmsford CM3 1LN Telephone 01245 801571 Email mail@interact.org.uk Website interact.org.uk Registered Charity Number 1048631 Registered Company Number 3087233 ## **Main Advisors** Independent Examiners Edmund Carr LLP 146 New London Road, Chelmsford, Essex CM2 0AW Bankers CAF Bank Ltd Kings Hill, West Malling, Kent ME19 4TA HR Consultants Blue Tree HR 11 Bullfinch Drive Halstead, Essex, CO9 9DE 3 Annual Report and Financial Statements: year ending 31.03.2025 ## **Mission, Vision and Values** Children and young people living with Special Educational Needs and Disabilities (SEND) struggle to develop relationships, build friendships and connect with their local communities. This increases their sense of isolation and loneliness that in turn impacts upon their physical and mental health as well as puts pressure on their families who are trying to support them. This reality also increases families’ needs to access local health care provision and services, impacting further on public resources. To help address this health care need, InterAct provides opportunities for children and young people to experience life beyond their homes, meet others, develop social skills, and enjoy physical activities and games whilst also engaging with their local community. We know these children would benefit from more access to opportunities that help them become less reliant on care services as they grow older. ## **Mission** Our mission champions people to have increased choice to make informed decisions about their lives, empowering them to fully participate in their community and society, and to reach their full potential. We support people to actively participate in their communities and lead fulfilling lives. To be able to do more, and need less support - with a common theme of helping others to help themselves. ## **Vision** Our vision is a society that supports communities in which our interdependence is valued, and where we work together to include the excluded to create a fair world. To achieve 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 to build better lives - encouraging empowerment and resilience, increasing confidence, reducing isolation and loneliness, focusing on individual needs and striving to achieve long-term sustainable change - Help vulnerable people be informed through support services, community training, brokerage and signposting Through the provision of these services, we seek to make a demonstrable contribution to the lives and wellbeing of children, young people, adults and communities. ## **Values** - Inspiring - we are creative, encouraging and ambitious - Non-discriminatory we respect and embrace the diversity of the communities in which we work - ● Trustworthy we develop trust and strive for people to fulfil their potential - Empowering we help people to help themselves - Responsive we meet the changing needs of people and communities - Accountable we base our work on the needs of the people we support - Commitment we are committed to providing quality, person-centred services - Together we work in partnership with others to support people to enhance their lives 4 Annual Report and Financial Statements: year ending 31.03.2025 ## **Aims and Objectives** InterAct exists to support disabled and disadvantaged adults, children, families, parents, carers and young people, and works with organisations, individuals and communities who support them. Our overall aim is to inform, support and empower people to increase their independence, choice and control, and to realise their aspirations and play a full part in society. The objects of the charity: - The advancement of education and training for employment particularly amongst adults and young people with physical or learning disabilities, and those who have or are recovering from mental health problems requiring treatment and amongst the long-term unemployed - The rehabilitation of such people - The relief of suffering, provision of support and tackling of issues of social exclusion for any such people as are mentioned above, by the provision of services including counselling, advice, mentoring and advocacy - The relief of poverty and advancement of education and training for employment in developing countries - The Charity shall also work for the relief of poverty - The relief of unemployment for the public benefit in such ways as may be thought fit, including assistance to find employment Working within these areas InterAct provides a range of safe, high quality, person-centred integrated services and opportunities: - Social and leisure opportunities - Learning opportunities - Training opportunities - Volunteering and peer support opportunities - Information, advice and support, and signposting - Stakeholder participation and involvement ## Thematic areas include: - Special Educational Needs and Disability - Health and Wellbeing - Family Resilience - Transition Planning - Education and Employment - Community Building, Connecting and Participation - Personal and Social Development ## **Public Benefit** We have referred to the Charity Commission’s guidance on public benefit when reviewing our aims and objectives, and in planning our activities. Our trustees consider how the planned activities will contribute to our mission. Our achievements and performance illustrate how the mission and vision have been pursued to derive public benefit. We aim to make a real difference to the lives of all those with whom we work. 5 Annual Report and Financial Statements: year ending 31.03.2025 ## **Range of Services** During the year, we delivered 234 opportunities for children and young people aged 8–25 with special educational needs or disabilities. These included after-school and evening clubs, special events such as overnight residentials, discos, Christmas parties, community based activities day trips across London and the South East. Our team of staff and volunteers support participants to develop vital life skills, build confidence, make friends and enjoy new experiences. We aim to help teenagers transition successfully into adulthood, enable them to access mainstream services, socialise independently, engage in meaningful work, and ultimately gain confidence require less support. ## **Holiday and Term-Time Activities** During school holidays, four days a week, we use our own transport to collect participants for day trips to attractions such as Bubble Planet, London Zoo, Leeds Castle and a range of outdoor activity centres. During term time, we run evening clubs in Braintree, Chelmsford, Clacton, Colchester and Maldon. ## **Key Projects** ## **Essex Short Breaks & Activities** We continued our partnership with local SEND providers under the SEND Sensation banner to deliver the Essex County Council Short Breaks programme for 8–18-year-olds with learning difficulties, autism and SEND. The partnership is operating effectively. Promotion of services has strengthened, including through social media engagement. As partnership arrangements evolve, we aim to further develop marketing, support client recruitment and explore future funding opportunities. ## **Activate Holiday Activity Food Clubs** Funded by Essex County Council, this programme enables us to provide holiday activities for young people receiving benefit-based free school meals. Most programmes were at capacity during both Easter and Summer holidays. The project continues to introduce new families to InterAct’s wider services. ## **Together Club** Together Club supports young people aged 19–25, and 18-year-olds transitioning into adulthood, by developing social skills, life skills, healthy lifestyles and environmental awareness. We successfully secured National Lottery Community Fund support to expand this provision across Chelmsford, Clacton, Colchester and Maldon. The club also incorporates InterAct’s Plant-to-Plate initiative, promoting sustainable, pesticide-free food produce growing and education around biodiversity. ## **Emotional, Health and Wellbeing (EMHW) Services** We have over 20 years’ of experience in working with young people, families, and communities, of person-centred approaches and of emotional, mental health and wellbeing that provide us with invaluable experience in shaping our programme of training for professionals. Over this period, the local funding landscape changed, restricting our ability to develop and deliver a continual serivice in this area. The Board had to take a difficult decision to to start winding up the delivery of emotional, health and wellbeing services, in relation to specific training programmes. As a consequence, InterAct focused on completing it’s outstanding contractual obligation of courses related to providing basic wellbeing and resilience training for vulnerable groups in Colchester & Tendring; in particular women, those from deprived backgrounds, refugees, those that have English as a second language, and parents raising children with SEND & additional needs and mental health concerns. The programmes have been a mixture of in-person and virtual provision to help reduce barriers and enable participants to attend from home if they preferred. In the future, InterAct will be focusing upon providing EMHW support for the children and young people we work with through our clubs and day trips. To help enable this work, we will be offering increased training for our staff and youth workers as well as potential network supporting programmes for the families connected with our provision. 6 Annual Report and Financial Statements: year ending 31.03.2025 ## **General Operations** Over the last twelve months, the team has maintained its current roles while a new permanent Chief Executive Officer was recruited. We also recruited additional sessional youth workers, enabling the Young People team to provide enhanced staff cover and deliver a wider range of activities as part of the new Essex Short Breaks & Activities contract. Towards the end of the year, it became evident that changes in the funding environment would have a detrimental impact on the charity. In response, the CEO, the Board initiated a comprehensive organisational review to reprioritise work streams, associated income, and the overall structure of the charity. While this process is ongoing, the team continues to deliver an excellent service to our beneficiaries, with parents and stakeholders consistently expressing how much they value the nature and impact of our work. ## **Partnerships** We believe in working together in order to add value to our services that will then offer greater benefit for the communities we serve. We are grateful for the support provided by Essex County Council and continue to work closely with them and a range of multi-agency professionals across education, health, social care and the voluntary sector to provide coordinated support for families and to utilise our joint skills and resources. |**Partner**
**Joint Activities**|**Partner**
**Joint Activities**| |---|---| |**Essex Council for Voluntary**
**Youth Services (ECVYS)**
As joint members of Mid-Essex Cluster Group, we support youth voice
consultations and the CEO represents ECVYS on the Mid Essex Be Well sub
group. Another staff member serves as ECVYS Treasurer/Trustee.|| |**Council for Disabled Children**
**(CDC)**
Linking with specialist networks we engage in opportunities to increase the
participation, voice and autonomy of young people with disabilities, with the
CEO attending meetings.|| |**Essex Youth Services**
We share purpose-built youth premises for our club provision and have also
developed some training opportunities.|| |**Active Essex**
We support families and young people in financial difficulty to access the full
range of our services|| |**Anglia Ruskin University**
Providing work placements for Social Work degree students|| |**SEND Sensation**|We have joined a collaboration of seven service providers who have
successfully bid to deliver the Essex Short Breaks Clubs and Activities
contract. The CEO sits on the board of the partnership and the relationship is
starting to develop additional benefits such as sharing of best practice,
information, resources and increasing the public’s awareness of InterAct
whilst working to develop new ways of engaging with and supporting
families.| ## **Communications** In order to widen our reach and enhance the impact we can make within the communities we work with, it is important to us to raise our profile and build levels of support for the charity. This will help us encourage more families to engage with our services, enable us to develop more partnerships and provide stronger evidence for our funders. We continue to ultilise social media and mobile communication platforms to engage with the families we work with and we attend local public engagement events, networking events and roadshows. 7 Annual Report and Financial Statements: year ending 31.03.2025 ## **Volunteering** Our volunteers provided much needed support throughout the charity. In the office volunteers were able to help us with some of our admin tasks, filing, arranging postage as well as helping to keep the areas clean and tidy. We had some assistance on our training programmes, with organising rooms and assisting with resources and we also had support working with our club and day trip attendees; helping us to provide an engaged service to the children and young people as we work on providing connections and developing life skills. We continue to seek more volunteers, in particular for our growing range of evening clubs. ## **Participation** We continue to engage with our staff, volunteers and beneficaries, enabling them to have an influence on our own and external decisions and services. We do this by encouraging staff and volunteers to consider their training needs to support their current work as well as to contribute towards their growth and future career aspiration. Our teams work directly with the children, young people and their families, regularly involving them with planning activities, trips and events to ensure we are always meeting their needs. We also participate in consultation events about the experiences of young people with special educational needs and disabilities both locally, and nationally. ## **Achievements and Performance** In addition to our Trustees, we were supported by eight dedicated volunteers who generously contributed a total of 500 hours to InterAct. We are extremely grateful for their time, commitment, and invaluable support in helping us deliver our services to beneficiaries. Our Young People Services team delivered a wide range of events, clubs, and day trips, providing over 7,200 hours of meaningful engagement for children and young people. In total, we supported 245 children and young people with SEND across Mid and North Essex. Through this work, young people were supported to develop their aspirations, increase choice and independence, build social and life skills, and improve their emotional wellbeing, mental health, and overall resilience We often have feedback from the families we work with. Some examples are: ## **Jenny P (Lee’s mum) Together Club aged 19-25** “Our son [Lee] has always struggled to socialise & has attended many clubs to try help with this. Since finding InterAct & finding the right club to fit with his needs & interest’s we as a family have noticed positive changes. He did also say of all the places he goes to across the weeks he gets on with people and interact the most.” ## **Louise (Dominic’s mum)** “For us, InterAct gives us time to interact with our other child and to also and most important thing, for our son [Dominic] to be out in the community with other adults that we can trust. He learns and does new things” ## **Sally (Edith’s mum)** “We love that our daughter [Edith] is in a safe place, being looked after and having fun. And then I can spend more time with our other child. InterAct is priceless to us” 8 Annual Report and Financial Statements: year ending 31.03.2025 ## **Future Plans and Strategy** SEND awareness across the UK continues to grow, alongside increasing demand for specialist services and rising annual budgets to support children and young people with special educational needs and disabilities. Autism spectrum diagnoses, in particular, have risen significantly in England’s state schools. This trend highlights the growing need for our services and the importance of balancing this demand within an increasingly challenging financial landscape. The funding environment in which we operate has changed, impacting our ability to deliver Mental Health First Aid (MHFA) training workshops and programmes. As a result, these services ceased in 2024 as we began to restructure and refocus on our core youth services to meet growing demand. However, in recent months we have also experienced reductions in funding for some of these vital services. In response to these financial pressures, we will be taking the following actions: • Refocus on children and young people’s services by reviewing club locations, age ranges, and activities to better meet demand in high-need areas while expanding provision in under-supported districts; • Work more closely with partners to strengthen our operations, resources, and marketing; • Review staff structures, salaries, and roles to ensure we can effectively support, motivate, and develop our team • Enhance staff training and development opportunities to broaden and deepen skills and experience; • Continue to create opportunities for 18–25-year-olds across Chelmsford, Colchester, and surrounding areas, supporting young people with SEND as they transition into adulthood. ## **Governance and Management** ## **Governing Document** InterAct is a company limited by guarantee. We were formed in 1992, and became a registered charity on the 12th August 1995. InterAct is registered as a charity with the Charity Commission for England and Wales, and is governed by its Memorandum and Articles of Association. The directors of the company are also charity Trustees for the purposes of charity law. Trustees are appointed by the Board of Trustees, in accordance with the Charity’s governing document. In the event of the charitable company being wound up the liability of each member is limited to a maximum of £10. ## **Recruitment, Induction and Training of Trustees** The Trustees are committed to building a Board with a diverse range of skills, experience, and perspectives to provide effective leadership, direction, and oversight. Trustees are drawn from the community and play a vital role in supporting and influencing the charity’s objectives, bringing fresh insight and added value to our work. Trustees are recruited as required through a variety of channels, including word of mouth, newsletters, local voluntary and community services, and wider professional networks. Our Trustees come from a broad range of backgrounds, bringing expertise in areas such as the commercial sector, disability, education, safeguarding, social care, finance, marketing, personnel, social media, and the voluntary sector. Regular skills audits are undertaken to inform and guide the recruitment of new Trustees. Prospective Trustees are invited to meet with the Chair of Trustees and the Chief Executive to discuss the responsibilities of the role and the skills and experience they can contribute. Successful candidates are then introduced to the Board and proposed for election. All Trustees serve on a voluntary basis and are subject to satisfactory Disclosure and Barring Service (DBS) checks. During the year, we successfully recruited two new trustees with expertise in financial management and fundraising. Trustees are provided with a comprehensive induction pack, which outlines their governance responsibilities and legal obligations, the charity’s operations, decision-making processes, strategic direction, key risks, and recent financial performance, supported by guidance from the Charity Commission. The induction process also includes opportunities to meet staff and visit operational activities. Ongoing training and development are available, including access to events and courses provided by the National Council for Voluntary Organisations (NCVO). 9 Annual Report and Financial Statements: year ending 31.03.2025 ## **Management and Organisational Structure** InterAct’s Board of Trustees meets quarterly and are responsible for the strategic direction and policies of the charity. At present, the Board has eight members from a variety of professional backgrounds relevant to the work of the charity. The CEO also sits on the Board as Secretary but has no voting rights. Working Groups are formed as required and all report to the Board of Trustees. To facilitate effective operations, the day-to-day management of the charity is delegated to the Chief Executive, who reports to the Board of Trustees. The Chief Executive is responsible for ensuring that the charity delivers the services specified and that key performance indicators are met. The Senior Management Team, that consists of the Interim CEO, Lead Emotional, Mental Health & Wellbeing and the Young People Team Project Manager, have lead areas of responsibility across the organisation and ensuring that the team continue to develop their skills and working practices in line with good practice. No employee received remuneration of more than £60,000 during the year. ## **Related Parties** None of our Trustees receive remuneration or other benefit from their work with the charity. In the current year there are no related party transactions to be reported. ## **Risk Management** The Trustees in consultation with the Senior Management Team have a risk management strategy which identifies and assesses risks, prioritises them in terms of potential impact and likelihood of occurrence, and identifies controls to mitigate those risks. Trustees regularly review the risks to which the charity could be exposed, particularly those related to the operations and finances of the charity. Trustees are satisfied that the charity has taken all reasonable steps to minimise risk, and has policies and procedures in place to mitigate exposure to the major risks. Risk management processes are subject to periodic review – and priorities adjusted as new risks arise and others become less significant. Policies and procedures are under review by the Board, and a new policy register is being developed for the coming year to ensure all policies are reviewed and updated on a regular basis. The challenging funding climate continues to highlight the need to maintain a tight control on expenditure and to have plans in place to reduce expenditure should the need arise. ## **Safeguarding** InterAct is committed to safeguarding and promoting the welfare of Children, Young People and Vulnerable Adults and expects all staff and volunteers to share this commitment. All post holders are subject to a satisfactory enhanced Disclosure and Barring Service check. 10 Annual Report and Financial Statements: year ending 31.03.2025 ## **Finance** ## **Finance Review** Results to the year 31.03.25 can be seen in the Statement of Financial Activities below. It is evident that our income streams have reduced from 2024 to £235,541 and experienced a deficit of £105,217. We continue to look for further funding and cost savings, however funding is becoming critical. We were successful with our National Lottery Community Fund bid that will be supports our 19-25 year-olds provision but we need to work on more bids to cover our core costs and young people services. We have restructured with the reduction of two roles over the last 12 months and a plan in place to look for smaller, cheaper offices to help reduce our running costs. We do have some breathing space with our current reserves, but without significant improvement in funding, these reserves will be significantly reduced further during 2025/26. Despite our current situation, the team continues to provide an excellent service to our beneficiaries, with parents and stakeholders constantly informing us of how much they value the nature of our work. ## **Principal Funding Sources** InterAct is dependent on a wide range of funding sources including grant making trusts, statutory agencies and community fundraising. We are indebted to all the individuals, families and organisations in the voluntary, social enterprise, statutory, and commercial sector for their continued support of the Charity’s work. Thank you to everyone who has given their time and support to InterAct without which we could not sustain our services. Included amongst these are: Chelmsford City Council Braintree District Council Essex Community Foundation Earmark Trust Essex County Council Fowler, Smith & Jones Trust Garfield Weston Happy Days Masonic Charitable Foundation National Lottery Community Foundation St James Place Charitable Foundation The Hedley Foundation Waterhouse Business Centre ## **Reserves Policy** The policy of the organisation continues to be a commitment to build upon unrestricted funds and maintain an appropriate level of reserves to safeguard the Charity’s activities in the event of a significant shortfall in funding, thus allowing us time to consider how funding could be replaced, activities changed, or to manage a wind down of activities. Additionally, we have a commitment and a responsibility to act responsibly to our employees and to provide assurance to our partners. The reserves policy also provides for designated funds, which the Trustees continually review. Having reviewed the Charity’s requirements for reserve and given due consideration to the risks and opportunities, the Trustees believe that unrestricted funds should be a minimum of three months’ operating costs. With total expenditure this year of £340,758, current unrestricted funds of £92,248 represent 3 months of operating costs. Reserves requirements are reviewed and updated monthly, and evaluated by Trustees at our quarterly Trustee meetings. We are aware that with current funding situation and levels of costs, we will become more reliant upon our reserves in the coming year. 11 Annual Report and Financial Statements: year ending 31.03.2025 ## **Pensions** A provision for deficit contributions to the InterAct pension scheme is included within the accounts. The net present value of all future expected deficit contributions as at the year-end amounted to £939. ## **Investment Policy** Any surplus cash flow is moved from our current account into an interest-bearing deposit account, maximising return, and minimising any potential risk. ## **Responsibilities of The Board of Trustees** The Trustees (who are also directors of InterAct for the purposes of the Companies Act 2006) are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable laws and United Kingdom Accounting Practice (United Kingdom Generally Accepted Accounting Practice). Company law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources. In preparing these financial statements, the Trustees are required to: - Select suitable accounting policies and then apply them consistently - Observe the methods and principles in the Charities SORP (FRS 102) - Make judgements and estimates that are reasonable and prudent - State whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements - Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by the Board of Trustees and signed on its behalf by: **----- Start of picture text -----**
………………………………….. CC
C Clements
………………………………….. 2026
22/ \/
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12 InterAct Chelmsford Limited Independent Examiner's Report to the trustees of InterAct Chelmsford Limited ('the Company') I report to the charitable company trustees on my examination of the accounts of the company for the year ended 31 March 2025 which are set out on pages 14 to 28. Responsibilities and basis of report As the charity trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your company's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. Independent examiner's statement I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: 1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view' which is not a matter considered as part of an independent examination; or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. ... Sandra Morrell FCCA 146 New London Road Chelmsford Essex CM2 0AW Date:..... Page 13 InterAct Chelmsford Limited Statement of Financial Activities for the Year Ended 31 March 2025 (Including Income and Expenditure Account and Other Comprehensive Income) Unrestricted Restricted Note Income and Endowments from: Donations and grants Charitable activities Other trading activities Investment income Total income Expenditure on: Raising funds Charitable activities Total expenditure Net expenditure Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 3 4 5 6 27,961 6,533 - 34,694 7 105.379 105,379 (70,685) (70,685) 18 279,602 208,917 15,220 183,246 2,381 200,847 235,379 235,379 (34,532) (34,532) 100.610 66,078 Total 2025 43,181 183,246 2,581 6,533 235,541 340,758 340,758 (105,217) (105,217) 380,212 274,995 Total 2024 70,147 230,006 3,745 8,597 312,495 7,987 334,322 342,309 (29,814) (29,814) 410,026 380,212 All of the charitable company's activities derive from continuing operations during the above two periods. Page 14 InterAct Chelmsford Limited (Registration number: 3087233) Balance Sheet as at 31 March 2025 2025 2024 Note Current assets Debtors Cash at bank and in hand 14 15 Creditors: Amounts falling due within one year Net assets excluding pension liability Pension scheme liability Net assets including pension liability Funds of the charitable company: Restricted income funds Restricted funds Unrestricted income funds Designated funds Unrestricted funds Pension reserve Total unrestricted funds Total funds 16 17 9,123 274,843 283,966 (8,032) 275,934 (939) 274,995 14,226 384,568 398,794 (18,184) 380,610 (398) 380,212 18 66,078 100,610 117,608 92,248 (939) 208,917 18 274,995 117,608 162,392 (398) 279,602 380,212 For the financial year ending 31 March 2025 the charitable company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors' responsibilities: • The members have not required the charitable company to obtain an audit of its accounts for the year in question in accordance with section 476; and The directors acknowledge their responsibilities for complying with the requirements of the Act with respec accounting records and the preparation of accounts These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. he financial statements on pages 14 to 28 were approved by the trustees, and authorised for issue and signed on their behalf b C Clements Trustee Page 15 InterAct Chelmsford Limited Notes to the Financial Statements for the Year Ended 31 March 2025 1 Charitable company status The charitable company is limited by guarantee, incorporated in England & Wales, and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding f10 towards the assets of the charitable company in the event of liquidation. 2 Accounting policies Summary of significant accounting policies and key accounting estimates The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated. Statement of compliance 2019) - (Charities SORP (FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). They also comply with the Companies Act 2006 and Charities Act 2011. Basis of preparation InterAct Chelmsford Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes. Going concern The trustees consider that there are no material uncertainties about the charitable company's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charitable company. Income and endowments All income is recognised once the charitable company has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably. Donations and legacies Donations are recognised when the charitable company has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charitable company before the charitable company is entitled to the funds, the income is deferred and no recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charitable company and it is probable that these conditions will be fulfilled in the reporting period. Grants receivable Grants are recognised when the charitable company has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released. Page 16 InterAct Chelmsford Limited Notes to the Financial Statements for the Year Ended 31 March 2025 Deferred income Deferred income represents amounts received for future periods and is released to incoming resources in the period for which it has been received. Such income is only deferred when the donor specifies that the grant or donation must only be used in future accounting periods or the donor has imposed conditions which must be met before the charity has unconditional entitlement. Expenditure Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure includes any irrecoverable VAT. Raising funds Then ariotis hatred i atracting voluntary income, the management of investments and those incurred in Charitable activities Charitable activities include expenditure associated with the running of programmes and include both the direct costs and support costs relating to those activities. Support costs Support costs include management and administrative functions and have been recovered from programmes via an expenditure usage overhead. Support costs are allocated based upon the proportion of the directly attributable Governance costs Governance costs include those incurred in the governance of the charity and its assets and are primarily associated with constitutional and statutory requirements. Government grants Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. The charitable company is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes Accordingly, the charitable company is potentially exempt from taxation in respect of income or capital gain received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of th Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes. Depreciation and amortisation Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows: Asset class Motor vehicles Depreciation method and rate 33% of cost Page 17 InterAct Chelmsford Limited Notes to the Financial Statements for the Year Ended 31 March 2025 Fixed asset investments Investments in subsidiaries are recorded at cost. Trade debtors Trade and other debtors are recognised at the settlement amount due. Prepayments are valued at the amount Cash and cash equivalents Cash and cash equivalents comprise cash on hand and bank deposits. Trade creditors Creditors are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised at their settlement amount. Fund structure Unrestricted general funds - these are funds which can be used in accordance with the charitable objects at the discretion of the trustees. Designated funds - these are funds set aside by the trustees out of unrestricted funds for specific future purposes or projects. Restricted funds - these are funds that can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor. Pensions and other post retirement obligations The charity makes payments to TPT Retirement Solutions, which is a a multi-employer defined benefit pension scheme accounted for as a defined contribution scheme. These payments include deficit contributions. Further information on the scheme is shown in the notes to the financial statements. Financial instruments Classification The charitable company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. 3 Income from donations and legacies Unrestricted funds 27,961 Restricted funds 15,220 Total 2025 43,181 Donations receivable Gift Aid donations from subsidiaries 27,961 Page 18 15,220 43,181 Total 2024 63,332 6,815 70,147 InterAct Chelmsford Limited Notes to the Financial Statements for the Year Ended 31 March 2025 4 Income from charitable activities Young People's Services and Emotional Mental Health & Wellbeing Client and learner contributions Unrestricted funds : Restricted funds Total 2025 153,917 29,329 183,246 153,917 29,329 183,246 Total 2024 195,838 34,168 230,006 5 Income from other trading activities Other income Unrestricted funds 200 200 Restricted funds f 2,381 2,381 Total 2025 2,581 2,581 Total 2024 3.745 3,745 6 Investment income Interest receivable on bank deposits Unrestricted funds 6,533 Restricted funds Total 2025 € 6,533 Total 2024 8,597 Page 19 InterAct Chelmsford Limited Notes to the Financial Statements for the Year Ended 31 March 2025 7 Expenditure on charitable activities Young People's Services Emotional Mental Health & Wellbeing Young People's Services Emotional Mental Health & Wellbeing Activity undertaken directly 274,943 48,346 323,289 Activity undertaken directly 173,334 26,212 269,546 Activity support costs 16,499 3,197 19,696 Activity support costs 37,231 27,998 65,229 2025 291,442 51,543 342,985 2024 210,565 124,210 334,775 8 Analysis of governance and support costs Support costs allocated to charitable activities Young People's Services Emotional Mental Health & Wellbeing Administration costs 16,499 3,197 19,696 Total 2025 16,499 3,197 19,696 Total 2024 37,231 27,998 65,229 Governance costs Independent examiner fees Examination of the financial statements Other fees paid to examiners Total 2025 1,350 6,033 7,383 Total 2024 2,090 7,239 9,329 Page 20 InterAct Chelmsford Limited Notes to the Financial Statements for the Year Ended 31 March 2025 9 Net incoming/outgoing resources Net outgoing resources for the year include: 2025 2024 Loss on disposal of investments 2 10 Trustees remuneration and expenses No trustees, nor any persons connected with them, have received any remuneration from the charitable company during the year. No trustees have received any reimbursed expenses or any other benefits from the charity during the year. 11 Staff costs The aggregate payroll costs were as follows: 2025 2024 Staff costs during the year were: Wages and salaries Social security costs Pension costs Redundancy payments 202,243 9,839 8,861 13,503 234,446 205,105 9,839 8,215 - 223,159 The monthly average number of persons (including senior management / leadership team) employed by the charitable company during the year expressed by head count was as follows: 2025 No 2024 No Total 17 21 11 (2024 - 9) of the above employees participated in the Defined Contribution Pension Schemes. Contributions to the employee pension schemes for the year totalled £8,861 (2024 - £8,215). No employee received emoluments of more than £60,000 during the year. The total employee benefits of the key management personnel of the charitable company were £87,796 (2024 - £71,414). Page 21 InterAct Chelmsford Limited Notes to the Financial Statements for the Year Ended 31 March 2025 12 Taxation The charitable company is a registered charity and is therefore exempt from taxation. 13 Tangible fixed assets Cost At 1 April 2024 At 31 March 2025 Depreciation At 1 April 2024 At 31 March 2025 Net book value At 31 March 2025 At 31 March 2024 Motor vehicles 18,995 18,995 18,995 18,995 Total 18,995 18,995 18,995 18,995 Page 22 InterAct Chelmsford Limited Notes to the Financial Statements for the Year Ended 31 March 2025 14 Debtors Trade debtors Prepayments Other debtors 2025 2,004 2,254 4,865 9,123 2024 6,348 2,164 5,714 14,226 15 Cash and cash equivalents 2025 224,813 2024 384,568 Cash at bank and in hand 16 Creditors: amounts falling due within one year Trade creditors Other taxation and social security Other creditors Accruals 2025 3,135 16 1,455 3,426 8,032 2024 6,887 4,590 2,130 4,577 18,184 17 Pension and other schemes Defined benefit pension schemes TPT Retirement Solutions The company participates in the scheme, a multi-employer scheme which provides benefits to some 521 non-associated participating employers. The scheme is a defined benefit scheme in the UK. It is not possible for the company to obtain sufficient information to enable it to account for the scheme as a defined benefit scheme. Therefore it accounts for the scheme as a defined contribution scheme. The scheme is subject to the funding legislation outlined in the Pensions Act 2004 which came into force on 30 December 2005. This, together with documents issued by the Pensions Regulator and Technical Actuarial Standards issued by the Financial Reporting Council, set out the framework for funding defined benefit occupational pension schemes in the UK. The scheme is classified as a 'last-man standing arrangement. Therefore the company is potentially liable for other participating employers' obligations if those employers are unable to meet their share of the scheme deficit following withdrawal from the scheme. Participating employers are legally required to meet their share of the scheme deficit on an annuity purchase basis on withdrawal from the scheme. Page 23 InterAct Chelmsford Limited Notes to the Financial Statements for the Year Ended 31 March 2025 The date of the most recent comprehensive actuarial valuation was 30 September 2023. This valuation showed assets of €514.9m, liabilities of €531.0m and a deficit of £16.1m. To eliminate this funding shortfall, the Trustee has asked the participating employers to pay additional contributions to the scheme as follows: Deficit contributions: From 1 April 2025 to 31 March 2028: £2,100,000 per annum (payable monthly) Unless a concession has been agreed with the Trustee the term to 31 March 2028 applies. The recovery plan contributions are allocated to each participating employer in line with their estimated share of the Series 1 and Series 2 scheme liabilities. Reconciliation of scheme assets and liabilities to assets and liabilities recognised The amounts recognised in the statement of financial position are as follows: 2025 2024 Present value of defined benefit obligation Defined benefit obligation Changes in the defined benefit obligation are as follows: (939) (398) 2025 Present value at start of year Interest cost Actuarial gains and losses Contributions by scheme participants Present value at end of year 398 11 935 (405) 939 Principal actuarial assumptions The principal actuarial assumptions at the statement of financial position date are as follows: Discount rate 2025 % 4.84 2024 5.31 Page 24 InterAct Chelmsford Limited Notes to the Financial Statements for the Year Ended 31 March 2025 18 Funds Current year: Balance at 1 April 2024 Incoming resources Unrestricted funds General funds Designated funds Development fund Total Unrestricted Restricted Young People's Services Emotional Mental Health & Wellbeing Young People's Services NLCF Total restricted Total funds 161,994 117,608 279.602 57,425 43,185 100,610 380,212 34,694 Resources expended (105,379) Balance at 31 March 2025 34,694 145,078 3,016 52,753 200,847 235,541 (105,379) (192,092) (30,308) (12,979) (235,379) (340,758) 91,309 117,608 208.917 10,411 15,893 39,774 66,078 274.995 Page 25 InterAct Chelmsford Limited Notes to the Financial Statements for the Year Ended 31 March 2025 Prior year: Balance at 1 April 2023 Incoming resources Resources expended Balance at 31 March 2024 Unrestricted funds Unrestricted funds General funds Designated funds Development fund Total unrestricted funds Restricted Young People's Services Emotional Mental Health & Wellbeing Total restricted funds 185,344 23,881 117,608 302,952 23,881 Total funds 80,776 26,298 107,074 410,026 159,998 128,616 288,614 312,495 (47,231) (47,231) (183,349) (111,729) (295,078) (342,309) 161,994 117,608 279,602 57,425 43,185 100,610 380,212 The specific purposes for which the funds are to be applied are as follows: Designated Funds The trustees have designated a Development fund to provide funds to assist the creation of new projects and the extension of existing ones. This is in accordance with trustees' policy on reserves. Restricted Funds Eming Men Heated east fures given specifically to promote emotional meal health and Young People's Services: Funds given to support our work primarily with young people with learning disabilities. Page 26 InterAct Chelmsford Limited Notes to the Financial Statements for the Year Ended 31 March 2025 19 Analysis of net assets between funds Current assets Current liabilities Pension scheme liability Total net assets Unrestricted funds 100,280 (8,032) (939) 91,309 Unrestricted funds 180,576 (18,184) (398) 161,994 Current assets Current liabilities Pension scheme liability Total net assets 20 Related party transactions There were no related party transactions in the year. Designated funds 117,608 : 117,608 Designated funds 117,608 : 117,608 Restricted funds 66,078 : 66,078 Restricted funds 100,610 100,610 Total funds at 31 March 2025 € 283,966 (8,032) (939) 274,995 Total funds at 31 March 2024 398,794 (18,184) (398) 380,212 Page 27 InterAct Chelmsford Limited Notes to the Financial Statements for the Year Ended 31 March 2025 21 Prior year Statement of Financial Activities Unrestricted Income and Endowments from: Donations and grants Charitable activities Other trading activities Investment income Total income Expenditure on: Raising funds Charitable activities Total expenditure Net expenditure Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward Note 3 4 5 6 7 18 15,227 57 88597 23,881 7,987 39,244 47,231 (23,350) (23,350) 302,952 279,602 Restricted € 54,920 229,949 3,745 288,614 295.078 295,078 (6,464) (6,464) 107,074 100,610 Total 2024 70,147 230,006 3,745 8,597 312,495 7,987 334,322 342,309 (29,814) (29,814) 410,026 380,212 Page 28 ## **Virtual Cabinet Portal Digital Signatures** ## **Digital Signature Verification** You can verify that this is a genuine Virtual Cabinet Document Portal signed document by uploading it to the following secure web page: https://www.virtualcabinetportal.com/VerifySignedDocument ## **Signature Dates and Times** All dates and times shown in the signatures below are expressed in Coordinated Universal Time (UTC), which is generally equivalent to GMT. You can find out more about UTC at the following web page: http://www.virtualcabinetportal.com/WhatIsUTC ## **Signature 1** Signed by Caroline Clements using authentication code T1ZGXkpuOUJ8SVQv at IP address 90.196.24.236, on 2026/01/21 13:34:34 Z. Caroline Clements's e-mail address is: caroline.clements@interact.org.uk.