Reglstered number.. 05354482 Charity number: 1108388 Imago Community (A Company Limited by Guarantee) Trustees, Report and Financial Ststements For the Year Ended 31 March 2025
Imago Communlty (A Company Limlted by Guarantee) Contents P8ge Reference and Admlnlstratlve Detalls of the Charity, Its Trustees and Advlse Trust8es' Report Independent Auditor's Report on the Financial Statements 9-12 Consolldatsd Statement of Flnanclal Actlvrtles 13 Consolldated Balance Sheet 14 Charlty Balance Sheet 15 Consolidai8d Statsm8nt of Cash Flows 16 Notes to the Financial Statements 17-34
Imago Communty {A Company Llmlted by Guarant881 Reference and Admlnistrative Details of the Charlty, its Trustees and Advi88r8 For the Year Ended 31 March 2025 Trustees Mr P.R.Woodhouse, Chairman Mr E.Weeks Mrs D,Swanson Mrs L.Ellis MrJ.Cheesman Miss E.Rogula Mr C Hare MrA.Barrow Company registered number 05354482 Charfty reglstered number 1108388 Reglstered offioe John Spare House 17-19 Monson Road Tunbridg8 Wells Kent TN1 ILS Company secretary Mrs c.shaw Chlef executiv8 officer Mn8 c.shaw Independent auditor REJones&Co 132 Burnt Ash Road London SE12 8PU Bankers CAF Bank 25 Kings HillAvenue Kings Hill Wesl Malling Kent ME19 4JQ Solicitors Cripps 22 Mount Ephraim Tunbridge W@Ils Kent TN4 8AS Page 1
Imago Communlty {A Company Limited by Guaranteo) Trustees. Report For the Year Ended 31 March 2025 The Trustees present their annual reportfor Imago, together with th8 audited financial statements of Imago Community and Enterprise Solutions K8nl ICIC) for the year 1 April 2024 to 31 March 2025. Since the company qualifies as small under section 383, the strategic report required of medium and large Companies under The Companies Act 200S (Strategic Report and Directols Report) Regulations 2013 is not required, Objectives and Actlvlti•s The principal objective of the Company is to promo18 charitable purposes for the benefit of the community in the local gov8rnmenl districts of Kènt, East Sussex, Medway, London and elsewhere. In particular.. the advancement of educalion, the protection of health, the relief of poverty, distress and sickness, the promotion, organisation and facilitation of cooperation and partnership working between third sector, statutory and other relevant bodies in the achievement of these purpos8S Wlthin the area cf benefit. Imago Community delivers a range of services to individuals, voluntary and community organisations, and private and public sector ag8ncias embraces a model of co-production., working with clients, funders and partners to empower the most vuln8rable and disadvantaged. adopts a professional approach,. crealing a culture of enablement that involves, innovates and achieves. iv) aspires to a society where every individual is happy, healthy and fulfilled. The Trustees consider th8 8ims, objectives and activities each year, as well as revi8wing those activities that are planned, and the outcomes of the work in the previous year. It helps the Trustees ensure that the aims, objectives and activities remain bas8d on the organisation's stated purpose. The Trustees confirm that they have rekrred to, and given due consideration to, the guidan contained in the Charity Cornmission's 'Public Benefit.. running a charity- PB2' alongside othercharity Commission guidance, when reviewing the Organisation's aims and objectives and in planning future activities. Achievemonts and performance a. Key financial perforniance indicators As a Charity with a variety of projects, We have ongoing measures to ensure the costs of each project are allocated to their own cost centre. All expenses are broken down to the individual projects and checks are rnade to ensure this is completed correctly. The processes of weekly monitoring of Gashflow, aged debtors and aged creditors ensure we are working to budget. Expenses are checked against pool car usage to ensure efficiency. Our reseNés policy and budget position are reviewed quarterly at board me8tings. The income for Imago Communty for the year was £5,363,702, and expendituré was £5,354,878 resulting in a net operating surplus of £8,824. After the gain on the revaluation of the investm8nt of £4,555, the organisation made an overall surplus of £13,379. Page 2
Imago Communlty (A Company Llmlted by Guarantee} Al year end, £1,748,210 is held in unrestricled funds, of which the Trustees have d8signa18d £1,508,028 as follows.. £ 1,363,028 - Buildings £ 30,000- Fundraising and PR costs £ 50,000- Development and pilot projects £ 15,000- Marketing £ 50 OOD - Building repairs £1,508,028 £240,182 represents the free general rèservès of the company, A balance of £557,446 is held in restricted funds. Depreciation has not been charged on the land and buildings this financial y8ar. b. Revlow of actlvities During this year, we have been awarded the renewal of our East Sussex Young Carers contract for three+ years, new contract for Unpaid Carers was awarded by the City of London for three+ years and our Dual Navigation contract and Kent Young Carers from KCC were extended for another year, while their tender8 wer6 being written. The Trustees would like to express their gratitud8 to the local authorities and Councils that continue to support the organisation with th8ir grants and contracts. The Trustees have considered how Imago aclivities d81iver Public Benefit. The charitable activities we have undertak8n during the year to deliver this include the following.. w01ng wlth chlldren and young people to help them make a positive contrlbutlon In their lives. homes and communities. Short Breaks offers a programme of activities to children and young p8ople with disabiliLies, comprised of Saturday clubs, Holiday clubs and Family days. The programme encoursges participants to develop ind8pendence and confidence by enabling them to access mainstream activities alongside their peers; and offers much n8ed8d r8SPite to families. 474 young people were supported, with 662 activities from our Short Breaks service. "Thank you for a bnlliant day, Ihese days mean sg much to us as a family. The support pmvided allows us quality time while pmviding a safe environment for my son. This allows my othgr child the opportunity to be GaTrfree for the day. The staff are friendly and regdy to t8kg part in activities and make us fcol comfortable. I look fotward to future events with Imago.. CHWB (Children's Health and Wellbeing) responds lo the low level mental health needs of children and young people in schools across Kent, using a social prescribing based model. Ass8mblies, Wellbeing workshops and peer support sessions delivered to over 40 schools 1-2-1 support for 48 young people and their families Social Prescrlblng for Young Peopl@ in East Sussex working with schools to identify young people who need help regulating their emotions and behaviour in lessons. Trained Social Prescribers provide ontrto-one support and activities that would benefit th8 family to create a posilive environment. 75 Families supported 920h of families reported improved family wellbeing 780/0 improved school attendance 'His confidenc8 changed from wl7en I dropped him off to when I pick9d him up. Like just a different child. And that's just in four hours. "My child has been able to19arn new skills, h& has engaged in leamiF7g whiGh he was Trluctant to do befotB now. 11 has enabled him to socialise with other children which he has missed so much, and he has felt comfortabl8 in an environm8nt which has allowgd him to open himself up to learning, somelhing which hg has been reluctant to do beforB.' Page 3
Imago Communlty (A Company Llmited by Guarantee) Over 25 years empowering Young Carers (YC SJ to increase their wellbeing and mlnlmlse the negative Impact of their caring mle. Imago Young Car8r8 SUPPOrt young people aged 5-24 who have a caring responsibility for an adult or sibling., helping prevent inappropriate caring, minimising the negative impact of their caring role and developing resili8nce and well-being. All Yc's receiva an assessment which enables the team to offer appropriate targeted short-temi interventions in line with an agreed support pl8n', this ensures the YC has a voice and is encouraged to reach their full potential into adulthood with equal opportunity for employment and education, Young Carers Festlval at Bowles Young Carers had the opportunity to attend Bowles Nr. Eridge, Kent, This was a greal opportunty for Young Carers who wouldn't usually get the chance to have time out to be a child and have fun with friends. Young Carers made friendships while undertaking activities that Challenged them. taking many outside their comfort zoneg, including Leap of Faith, rock climbing, bush craft, high ropes, and low ropes. Imago currently supports Yc's in Kent, East Sussex and the London Boroughs of Southwark, Havering, Greenwich and Bexley. Imago also administers the free Kent Travel Saver Pass for Yc's. 10,e11 Young Carers supported in K6nt. 2,381 in East Susséx and London. 78 young carers alt8nd8d Bowles. 97 % of Young People reported positive improvem8nt from our support. 'J strnggl8S Wlth sonfidenGg, but ov8r ths18Stygarshe has come out of hershell. When she art7ved at Bowles and walkgd to thg volunteers and other childron (she didn't know anyone) she really shocked me, Off she went wifh big smi18 8nd bundl88 of Confence and she Game out evon betler. Thank you for putting on a wondprful day for thssm, thg first thing she said th8t all th8 c17ildren We really ni and that makes huge dirence. "It was Trally good and all the children and adults wher& really nice, my favountg thing to do on the day was Padd19-boarding bgcause we played really fun games. I struggled a bit on the kayaking. The day made me very happy and l Trally 9njoyed the activities and made a lot of new friends. Our t98m1gadgr Tina w88 very lunny and helped me. l Gan't wait lo do tho next one" "I thank you for your support, knowing my children are in a good placo is all that matters to me." Young Carers Workforce Development offers fr88 and flexibl8 training to schools, agencies and other professionals across K8nl, Supporting the identification and 5UPPOrt of Yc's within their line of work. Awar8ness-rai8ing is crucial to identifying and engaging with hiddgn or hard-to-reach Young Carers. It involves developing a better understanding of'what do we mean by a Young Carer?. as well as advising of legislative changes and statutory obligalions in the support of YC'S across all 5eNices. 961 individual practitioners attended Young Carers awareness training. Worf(Ing wlth vulnerable and dlsadvantaged adults to support independence through choice and provislon. CAMEO+ (Com8 and Meet Each Other) is a facilitated group supporting people aged 50 or over, who live in East Kent and are experiencing social isolation or loneliness due to changing life circumstances. Activities are inclusive and informal, and consider healthy living, caring for the planet and self-care. 380 clients acc8ss8d this support, 'Anoth9rlovely moming. You and Caroline have saved my lrfe. Thank you" Telephone Befriendlng is a service which was carried on from COVID and has 187 clients. Clients are telephoned weekly for a chal of around 30 minutes lo catch up and offer infomation, 8dvice and guidance. °Having someone to t81k fo has rpally helped me fgel less lonely. Thank you so much." Page 4
Imago Community IA Company Llmlted by Guarantee) W8llb8ing Matters Community Dual Navigation Servlce provides person-centred support for adults over 55, those over 18 with complex needs and Adult Carers. The Navigators work with individuals carrying out holistic ass8ssment5 and Statutory Carers assessm8nts, working with them lo identify what will make the greatest difference in improving their health and wellbeing. The Service addresses the wider doterminanls of health offering information and guidance, and 1..1 emotional and practical support. encouraging and supporting individuals in reaching their p8rsonal goals, and h81ping people to access a range of communily, health, and social care options. Across Dartford, Gravesham, Swanley and Swale.. 6,416 clienls and carers supported £££ thousands claimed for backdated benefit P8yments 'Thank you very muGh, I wouldn't hava bg&n ablo to do any of this. It really worried me and now its a worry off my mind" 'Thank you so much, you've really helped us, you thougl7t of so much more th8n we even realis8d was out there.. Hospltal Navigators Dar6ntValley Hospital (DVH), DGS Communiiy Hospitals and Medway Maritime {MFTI worf(ing as part ofthe integrated discharge teams for intermediate and secondary care, supporting avoidable admissions, and timely patient discharge. Hospital Navigators work with patients and their families to 8nsure community support and sarvicas ar8 in place to enable the patient to retum home. 35 early discharges and over 235 8voided hospital admi5sionslre8dmissions - a saving of approximately £280k in hospital time. "I vgry much appreciate 8Vgrythirpg that you've bought me, it's gon9 Way b9yond anything that I was expecting & I'm v6ry happy ind88dll' °F17endly, gat service and patient st8ff' Medway Wellbelng Navlgators are alignecl to the Primary Care Networks across Medway, working with GP surgeries, multi-disciplinary t8ams, and the community to support adults over the age of 18. Wellbeing Navigators offer 1=1 support, offering a range ofservices including.. benefits checks,. completing applications to DWP., Government and charitable grants. food,. fuel voucher applieAtion,' addressing housing issues., and accessing local community activities and support services. 4,731 clients acc8ssing our services 980/0 improvement in levels of well-being "In7ago h8ve helped so much, thank you. 'Brilliant caring service, settled my nerves and i t listened to" Unpaid Carers services in Lewlsham and the Clty of London working with individuals carrying out holistic assessments and Statutory Carers assessments, helping them to identify what will make the greatest diFference in improving their health and wellbeing. Administraling the distribution of Carers one-off payments and assisting with providing emotional and practical support, along with information and guidance to help ease the stress Carers can experfence, We also 8UPPOrt Young AduEt Car8rs and help as they transition into the adult world of caring. 1,586 clients supported. 'Thank you. I feel more optimistic now 8fter your help. I did struggle with all the forms that you have now helped me with. I'd be lost wrthout your support., .1 just wantod to write to say a hug9 thank you for Ihg referral you mada for mg. All problems solved within 24 ho, Soclal Prescribing links palients in primary and secondary care with sources of support within their local community. It provides GPS and clinicians Wlth a non-medical referral oplion - a system of support that operates alongside existing treatments, providing a holistic approach in improving the health and wellbeing of patients, encouraging self- management, and reducing the level of inappropriate GP appointments. The specialist social prescribing roles enable focused support for adults and CYP with mental health issues, and other identified specialist cohorts of patients. Ongoing support to 1,424 clients through PCN'S (Primary Care Neor1{sI. "My world has gotten a little wider now, tharpk you foryour support" .1 am so thankful for th9 SP s9rvice 8UPPOrt, rf not for th&m, I would not have known or be9n introduc9d to all tho 8mazing support seNiGes out th9r8. Ev9ryone has heJp9d imfftensely through this drffiGulf tiffte. "ljust wanted to say th8nk you for all your support and for checking in wlfh me. I fell like I had a safety net when you were supporting me" Page 5
Imago Communlty IA Company Llmlted by Guarantee) Volunts8ring support facilitates social action and helps to create stronger, more coheslve communltles. Imago Volunteerlng actively promotes volunteering across West Kent,, attending public events, providing a signposting servic8 for individua15, and publishing a digital n6wsl&tl8r. In addition, w8 promote best practice advice to local volunleer-involving organisations and facilitate the West Kent Volunteer CoorYJinators' neknork. W6 also have our own team of volunteers working across our projects and in our Head Offi. We currently have 80 volunteers. 218 individuals were supported in the 2024-25 p8riod 'I've made mistakes in my pasf that I'm notproud of and I'm trying to move fOard with mylrfg. Volunteering helps me do thay Dlal 2 Drfve is an affordable volunleer-led community transport scheme for people unable to access public transport due to older age, illness, mental health or disability, The service regularly provides drives to medical appointments, shopping trips and social aclivilies. 6,270 journeys completed by our volunt6er driv8rs 807 Cli8nls supported 'Trank you foryour amazing service. Because of you, I was ablp to keep V in his home as long as possible. 'All thg Staff are gxtrgm8ly pl8a8ant, helpfvl, and effici9nt, and go to a lot of trouble arTrnging clrives at short notic8. I hav8 nolhing but pTris8 for them!" 'You have beon very aCcon]0datIg and helpfvl and we always appreciate your phone Galls éo update us on the drivo for each week. Communlty servlces help local voluntary and community oryanisations to deliver appropriate, effective and sustalnable servlces. Communlty Development support is provided through social medi8, e-bulletins and one-to-one advice. Relevant and tim&ly information is provided on a wide range of issues, such as fundraising, governan*, ¢hange management, quality, policy, m8rg8r 8nd collaboration, Imago champions th8 Voice of the S@ctor across Kent. Imago Retail operates a charity shop in Tunbridge Wells, raising funds to enhan the projects we deliver and to provide wider support across lh8 communily. As well a8 Selling items to support our services, towels are collected for animal rescue cenlres, coals and blankets for homeless support and underwear for Smalls for All. The shop also provid8S SUPPOrt8d volunteering placements enabling vulnerable adults and young people to develop their confidence and skills in a relail environm8nl. Youth and Adult Voice ensures that young people and adults play a central role in addressing matters that affect them and in influencing policy and services. Imago supports various groups, including a Young Carers Forum, an Imago Young People's Shadow Board and an Adults Shadow Board, These are supported by ourTrustees who attend and listen lo any issues raised, to help them make infomi&d choic8S. Adoptlng a soclal business model thmughout its aotlvities, and offering professlonal and business advice to othet5 Training Services offer professional support to voluntary and community organisations, statutory authorities and social enterprises. Imago provides a suite of 32 accredited training programmes and offers bespoke in-house training courses, including specialist outcomes workshops and safeguarding training. 3,283 cledicated training hours completed acro8S thé organisation °Gave me the confidence fo start the convers8tion around SUiGidg, listen and signpost to neG&ssary support gmups. °It was really appreciated how much fgedback was taken into account, and that tho instmctorg8nuin&ly cared about the opinions of staff and their welfare and jobs" "Some hanDwing Gontenl but was dealt with /delivered sensitively" Consultancy SeNlces offer a bespoke service to the Sector. Assignments have included board d6velopm8nt, organisational mergers, change management, quality systems and general management support. ApprentlC8ship opportuniti8s for young unemployed people ar8 available through Imago, and we are committed to creating meaningful and challenging roles across our project5. Apprenticeships are an ideal introduction to the work of the Voluntary and Community sector for a range of unemployed young people and are a sprtngboard into fvture employment. Page 6
Imago Community (A Company Limited by Guarantee) Financial review a. Golng concern After making appropriate enquiries, the Trustees have a reasonable expectation that the organisation has adequa18 resources lo continue in operational existence for the foreseeab18 future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further delails regarding the adoption of the going concern basis can be found in the Accounting Policies. Reserves policy The Trustees have set a R8serves Policy which requires that the organisation's core activily could continue for three to six months during a period of unforeseen difficulty. The calculation of the required level of res8rves is an integral part of Imagc's planning, budgeting and forecasting. Imago's project staff would be subject to TUPE laws and would not be part of this calculation. The free General Reserves ofthe Organi8ation at thg year-end were £240,182, which is on target for this policy. Before designated sums, the unrestricted reserves w8r8 £385,182 after allocation ofthe Buildings. We have used this opportunity to invest in the future of the organisalion by designsting further sums. We have purchas8d a new, more suitable building and are currenlly renovating it to provide a new Head Office, The Development and Pilot Project designation will enable us to continue looking ft)r ways to diversify our incomg streams and the designation for Fundraising and Public Relatlons will increase our profile and public and funders, awaren88s of our service8. W8 hav6 also designated a small amount for building repairs. c. Investment policy and perfonnance The organisation has considered the most appropriate policy for investing funds and has found that specialised unit trusts, design8d for the Charity Sector, meet its requirements to generate both incom8 and potential capital growth. Structure, governance and management a. Constltutlon Th8 organisalion is a charitable company limited by guarantee and is governed by Fts Memorandum and ArtIGles of Association dated 141h December 2004. 11 is registered as a charity with the Charity Commission under number 1108388. Imago Community originally became a charity in 1965. b. Method of appointment or electlon of Trustees The management of the organisation is the responsibilty of th8 Trustees who are elected and co-opted under the terms of the Articles of Association along with guidelines from the Trustee recruitment toolkit provided by the NCVO (National Council for Voluntary Organisalions) of which the organisation is a member. G. Induction and tralning of naw Trustees New Trustees receive a Trust6e induction pack which clearty lays out rules, regulations and expectations. The new Trustee will shadow Heads of SeNice to enable them to learn about the organisalion's projects and its setvices. d. Pay pollcy for senior staff The market rate is applied, benchmarking against the ACEVO yearly pay survey. e. Organisational structure and declsion making The Board of Trustees consists of nine members and meets fiv6 times a year. f. Rlsk management The Trustees have in place a risk register which is reviewed quarterly and upcfated annually, These risks cover all asp8Ct8 of the operations of the organisation, including, but not limited to.. Financial controls and compliance,- Insurance., Compliance with data protection, Company law, Charities Commission, and Health and Safety legi51ation-, Uncertainty of local authority grants,. Non-deliverylcompletion of project5- Safeguarding,. Disaster management,. Quality systems,. and Governance. A redlamb8rlgreen system is used, and the risks are reviewed al every Board Meeting. The Compsny's register is available for inspection. No red risks were identified for Ihis financial year. Page 7
Imago Communlty IA Company Limlted by Guarantee) Plans for future perlods The organis8tion int8nds that by continuing to develop services, this will provide a resilient future. Although a large part of the organisation's income is local authority contract based, Imago is confident it will secure funding to continue its current services and develop new ones. The organisation strives lo preserve its core function of Social Action, which enables us to provide support for many external organisations and to support our key direct elivery projects, many of which depend on volunteer recruitment and training. Trustees, responsibilities statement The Trustees (who are also Directors of Imago Community for the purposes of company law) are responsible for preparing the Truste8s' r8POrt and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), Company law requires the Trustees lo prepar8 financial statements for each financial year. Under company law the Trustees must not 8pprove the financial stalernents unless they are satisfied that they give a true and fair view of the slate of affairs of the charitabl& company and of the incoming resources and application of resources, including the income and expenditure, of th8 charitable company for that period. In preparing these financial statements, the Trustees are required to.. select suitable accounting policies and then apply them consistently, obsetve the methods and principles in the Charities SORP, make judgments and accounting estimates that are reasonable and prudent, prepare the financi81 statements on the going concern basis unless It is inappropriate to presume that the Charitable company will continu8 in operation. The Trustees are responsible for keeping adequat6 accounting records that are 8uffici8nt to show and explain the charitable company's transaclions. They must disclose with reason8ble accuracy al any time the financial position of the charitable company and enable them to ensure thatthe financial statements complywilh the Companies AGt 2006. They are also responsible for safeguarding the assets of th& ch8ritabla company and hence for taking reasonable steps for the pr8v8nlion and detection of fraud and other irregularities. DIsc105U of infonnatlon to audltor Each of Ihe persons who are Trustees at the time wh8n this Trustees, report is approved has confimied that, so far as th8t Trustee is aware, there is no relevant audit infomiation of which the charftable company's auditor is unaware, and that the Trustee has taken all the steps that ought to have been taken as a Trustee in ord8r to be awar8 of any relevant audit information and to establish that the charitable company's auditor is aware cf that information. Audltor The auditor, R E Jones & Co. has indicated his willingness to continue in office. The designated Trustees will propose a molion r8appointing the auditor at a meeting of the Trustees. Approve r ofthe members of the board ofTrustees and signed on their behalf by= Mr P R Woodhouse Chairman Date.. Page 8
Imago Community {A Company Llmlted by Guarantee Indep8ndent Auditor's Report to tha Memb8r8 of Imago Community Opinion We have audilad the financial statements of Imago CommLsnily (th8 'par&nt charitab18 company,) and its subsidiaries (the 'group'l for the year ended 31 March 2025 which comprise the Con801idated Staternent of Financial Activities, the Consolidated Balance Sheet, the Charty Balance Sheet, the Consolidaled Statemént of Cash Flows and the related noles, including a summary of Significant accounting policies. The financial reporling frameworkthat has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial slatements.. give a true and fair view of the slate of th8 Group's and of the parenl charitable company's affai as at 31 March 2025 and of the Group's incoming resources and application of resources, including ils income and expenditure for the year then ended., have been properly prepared in accordance with United Kingdom Generally Aepted Accounling Practice,. and have been prepared in accordanc& with th6 r&quirements ofthe Companies Act 2006 and the Charities Act 2011. Basls for opinlon We conducted our audit in accordance with International Standards on Auditing {UK) {ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section Of our report. We are independent of the Group in accordance with the ethical requirements that are relevant lo our audit of the financial statements in th@ Unit8d Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we hav8 obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditing the financial statements, we have concluded that the Truslees, use of the going-concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material UnrtaIntieS relating to events or condttions that, individually or collectively, may cast significant doubt on the Group's or the parent charitable mpany's ability to continue as a going concern for a period of at least twelv8 monlhs from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the Trustees with respect lo going concern are described in the relevant sections of this report. Page 9
Imago Community (A Company Llmlted by Guarant8e} IndependentAuditol$ Report to the Members of Imago Communlty {continu8d} Other Informatlon The Other information comprises the information included in the Annual Report other than the financial statements and our Auditor's Report th8r8on. The Truste8s are responsible for the other information contained within the Annual Report. Our opinion on the financial statemen15 does not ccver the other information and, except to the extent othemise explicitly stated in our report, wé do not express any form of assurance conclusion thereon. Our responsibility is to r8ad th8 Other infomiation and, in doing so, consider whether the other information is materially inconsistent with the financial statemenls or our knowledge obtained in the course of the sudit, or othenNise 8ppears to be materially misstat6d. If w8 identify such material inconsistencies or apparent material misstaterllents, we are r8quired to determine whether this gives rise lo a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that th&re is a material misstatement of this other information, w8 ar8 required to report that fact. We have nothing lo report in Ihis regard, Opinion on oth8r matt8rs prescribed by the Companies Act 2006 In our opinion, bas8d on the work undertaken in the course of the audit.. the information given in the Trustees, Report for the fin8ncial y8ar for which the financial statements are prepared is Consistent with the financial statements. the Trustees, Report has been prepared in acccrdance with applicable legal requirements. matte on which w8 ar8 required to report by exception In the light of our knowledge and understanding of the charitable company and its environment obtained in the coursè of th8 audit, we have not identrfied material misslatements in the Trustees, Report. We have nothing to report in respect ofthe following malters in relation to which Companies Acl 2006 requires us to report to you if, in our opinion. the parent charitable company has not kept adequate and sufficient accounting records, or returns adequate for our audit have not been received from branches not visited by us- or the parent charrtable company financial statements are not in agreement with the accounting records and retums. or certain disclosures of Trustees, remuneration specified by law are not made., or we have not received all the infomiation and explanations we require for our audit., or the Trustees were not entitled to prepare the financial stat8m8nts in accordance with the small companies regime and take advantage ofthe small companies, exemptions in preparing the Trustees, Report and from the requir8m8nt to prepare a Strategic Report. Responsibilltles of trustees As explained more fully in the Trustees, Responsibilities Statement, the Trustees (who are also the directors of the charitable company for the purposes of company lawl are responsible for th8 pr8paration of the financial statements and for being satisfi8d thal they give a true and fair view, and for such inlernal conlrol as the Trustees deterrnine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing th8 financial statements, the Trustees are responsible for assessing the Group's and the parent charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Truslees either intend to liquidate the Group or the parent charitable company or to cease operations, or have no realistic aernatIVe but to do so. P8ge 10
Imago Communtty (A Company Limited by Guaranteo) Indep8ndent Audltor's Report to the Member5 of Imago Community {contlnuedl Auditor's responsibiliti8s for Ihe audlt of the flnancial statements Our objectives are to obtain reasonable assurance about whether the financial stalements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditor's Report that includes our opinion. Reason8ble assurance is a high level of assurance, but is not a guarantee that an audtt conducted in accordance with ISAS (UK) will aEways detect a material mi8Statement when it axists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be &xpected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, ar8 instances of non-compliance wilh laws and regulations. We design procedurÉs in line with our responsibilities, outlined above, to detecl mat8rial misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of deteGting irregularities, including fraud is detailed below.. Capability of the auditin detocting irregularities, including fraud Based on our understanding of the charity and th8 sector as a whole, and through discussion with the Trusl&&s and other management (as required by auditing standards), we identified that the principal risks of non- compliance with laws and regulations r81aled to Safeguarding, health and safety, fundraising practices and employm8nt law. We considered the extent to which non-complianca might hav8 a material effect on the financial statements. W8 also considered thcse laws and regulations that have a direct impact on the preparation of the financial statements such as the Charities SORP <FRS 102) Second Edition (released October 2019), th& Companies Act 2008, taxation and pension legislalion. We communicated identified laws and regulations throughout our team and remained alert to any indications of non-compliance throughout the audit. We evaluated management's incentives and opportunities for fr8udulent manipLJlation of the financial statements (including the risk of ov8rride of contro18), and determined that the principal risks were rela18d to incorrect recognition of contracted income, posting inapproprial8 journal entries and management bias in accounting estimates and judgemental areas of the financial statements. Audit procedures performed by the engagement team included.. Discussions with management and assessment of known or suspected instances of non-compliance with laws and r&gulalions (including health and safely) and fr8ud', and Ass6ssment of identified fraud risk factors- and Review of expenditure to confinn no evidence of personal benefit., and Identifying and assessing the design effectiveness of controls that management has in place to prevent and detect fraud,. and Performing analytical procedures lo identify any unusual or unexpec18d relationships, including related paty transactions, that may indicate risks of material misstatement due to fraud., and Confirmation of related parties with management, and review oftransactions throughout the period to identify any previously undisclosed transactions with related parties outside the normal course of business., and Reading minutes of meetings ofthose charged with govern8nce', and Review of significant and unusual transactions and evaluation of the underlying financial ralionale supporting the Iransaclions., and Identifying and testing journal entries, in particular any manual entries made at the year-end for financial stat&menl preparation. Because of Ihe inherent limitations of an audit, there is a risk that W8 will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulalion. This risk increases the more that compliance with a law or regulation is removed frorn the events and transactions refl8cled in the f5nancial statements, as we will be less likely to becom8 aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due lo fraud ratkier than error, as fraud involv6s intentional concealment, forgery, collusion, omission or misrepresentation. As part of an audit in accordan with ISAS (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also.. Page 11
Imago Community IA Company Llmlted by Guarantee) Ind&pendent Auditorfs Report to the Members of Imago Community Icontlnue(l) Identify and assess the risks of ma18rial misstatement of the financial statements, whether due to fraud or error, design and perform audlc proc8dures responsÈve to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve Collusion, forgery, intentional Omissions, misrepresentations, or the override of internal control. Obtain an understanding of internal control r818vanl to th8 audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion of the effectiveness of the charitable company's inlernal control, Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disGlosures made by the Trustees. Conclude on the appropriateness of the Trustees, use of Ihe going concem basis of accounting and, based on the audit evid8nce obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the charitabS8 company's abilityto continu8 as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in my Auditor's Report to th8 r81ated disclosures in the financial statemenls or, if such disclosures are inadequate, to modify our opinion Our conclusions are based on the audit 8vidence obtained up to the dale of my Auditor's Report. However, future events or conditions may cause the charitable company to cease to continue as a going conc8rn. Evaluate the overall presentstion, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and ev8nts in a mann8r that 8chieves fair presentation. Oblain sufficient appropriat8 audit evidence r8garding the financial information of the entities or business activities within the Group to express an opinion on the consolida18d financial statements. We are responsible forthe direction, supervision and perfomiance ofthe Group audit. We remain solely responsible for our audit opinion. We communicate with those charged with governance regarding, among other matters, the planned scop8 and timing of the audit and significant audit findings, including any significant deficiencies in internal conlrol that we identify during our audit. Use of our report This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. and to the chari18ble company's Irust&es, as a body, Part 4 of the Charities (Accounts and R6POrtsl Regulations 2008. Our audit work has been undertaken so that we might slate lo the charitable company's members those matters we are required to state to them in an Auditor's Report and for no other purpose. To the fullest extent permitted by18W, W8 do not accept or assume responsibility to anyone other than the charitabl8 company and its members, as 8 body, for our audit work, for this report, or for the opinions we have formed. Stephen Jones FCA FCCA {Sanlor Statutory Auditor) for and on behalf of R E Jones & Co. Chartered Accountants Statulory Auditor 132 Burnt Ash Road London SE12 8PU Date.. P8g& 12
Imago Community (A Company Limitad by Guarant88) Consolidaied Stat8ment of financlal activities {incorporating income and expenditure account) For the Year Ended 31 Mah 2025 Unrestricted Funds 2026 Rgstrlcted Funds 2025 Total Funds 2025 Total Funds 2024 Note Incom8 from: Donations and legacie8 Charitable activities Other trading activities Inv&stments Other income 10,599 145,041 54,460 51,374 11,414 83,269 5,002,784 277 93,868 5,147,825 54,737 51,374 15,898 9,985 5,725,967 106,822 56,352 19.855 4,484 Total income 272,888 5,090,814 5,363,702 5,918,981 Expenditure on: Raising funds Other trading expenses Charitabl& activilies 646 394,880 4,959,572 1,334 398,436 5,513,947 394,660 294,077 10 4,865,495 Total expenditur8 689,381 4,665,497 5,354,878 5,912,717 Net income before net losses on investments Net <losses)Igains on investments (416,493) 4,555 425,317 8,824 4,555 6,264 {2,060) (411,938) 425,317 13,379 4,204 Net Income Transfers between funds 18 494,513 (494,513} Net movement In funds 82,575 (69,1961 13,379 4,204 Reconciliation of funds: Total funds brought forward Net movement in funds 1,665,635 82,575 626,662 {69,196) 2,292,297 13,379 2,288,093 4,204 Total funds carried foMard 1,748,210 557,466 2,305,678 2,292,297 P8ge 13
Imago Community (A Company Limited by Guarantee) Consolidated Balance sheet as at 31 March 2025 Note 2025 2024 Fixed assets Tangible assets Investments 13 14 1.357,590 111,162 1,363,027 106,607 1,468,752 1,489,634 Current assets Debtors Cash at bank and in hand 15 383,268 1,328,920 205,212 1,618,171 1,712,188 1,821,383 Creditors . amounting falling due within one y8ar 16 {778,344) 1894,782) N8t current assets 933,844 92e,601 Total assets18ss current liabilities 2,402,596 2,396,235 Creditors '. amounts falling du@ after more than on8 y8ar 17 (96,920} (103,938) Total net assets 2,305,676 2,292,297 Charity funds Restricted funds Unrestricted fund5 Designated funds General funds 18 557,466 626,662 18 18 1,508,028 240,182 1,508,028 157,607 Total unrestricted funds 18 1,748,210 1,865,635 Total funds 2,305,676 2,292,297 The Trustees acknowledge their rèsponsibilities for complying with the r8quiremenls of the Act with respect to 2ccounting records and preparation of financial statements. The financial Slatements have been prepared in accordance with the provisions applicable to entitie8 subject lo the small companies regime. The financi Is re approvèd and authorized for issue by the Trusteas and signed on their behalf by: Mr P R Woodhouse Chairman Date.. Page 14
Imago Community (A Company Limited by Guarantee) The notes on pages 19 10 36 form part of these financial statement5. Charlty Balan¢e Sheet as at 31 March 2025 Note 2025 2024 Flxed assets Tangible assets Investments 13 14 1,3S7,590 111,162 1,363,027 106,607 1,468,752 1,469,834 Current assets Debtors Cash al bank and in hand 15 383,268 1,242,807 205,212 1,530,170 1,626,075 1,735,382 Creditors.. amounts falling due within on@ year 18 {1,008,687) (1,206,642) Net current a8S8ts 817,388 528,740 Total assets less current Ilabllltles 2,086,140 1,998,374 Creditors., amounts falling due after mcre than one year 17 (96,920} 1103,9381 Total net assets 1,989,220 1,894,436 Charity funds Restricted funds 18 159,608 228,801 Unrestricted funds Designated funds Gener81 funds 18 18 1,608,028 321,584 1,508,028 157,607 Total unrestricted funds 1,829,612 1,665,635 Total funds 1,989,220 1,894,436 The Trustees acknowledge their responsibilities for complying wtth the requirements of the Act with respect to accounting records and preparation of financial stat8ments. t8 have baen pr8pared in accordance with the provisions applicable lo entities subject to ime. The financial statem the small compan. The financ. e approved and authorized for issue by the Trusteas and signed on their behalf by= MrPRWoo Chairman Date.. house The notes on pages 19 to 36 fomi part of these financial statements. Page 15
Imago Community IA Company Limited by Guarantee) Consolidated Statement of Cash Flows For the Year Ended 31 March 2025 Note 2025 2024 Cash flows from operating actlvltles Nèt cash used in operating actNities 21 1331,607 112,436 Cash flows from investlng actlvities Dividends, Interests and rents from investmanls Purchase of tangible fixed a88ets 51,374 56,352 {500,000) Net cash (used invprovided by investing activitias 51,374 <443,648) Cash flows from financial activities Repayments of borrowing 17,018) 16,293) Change in ca8h and cash equa]entS in the year Cash and cash equivalents at the beginning of the year 1287,251) 1.616,171 (337,505) 1.953,676 Cash and cash equivalents at the end ofthe year 22 1,328,920 1,81S,171 The notes on pages 19 to 36 form part of these financial statements. Page 16
Imago Community (A Company Llmlted by Guarantee Notes to the Financial Statements For the Year Ended 31 March 2025 General information Imago Communty is a rrfistered charity in England. The charity's registered address is John Spare House, 17-19 Monson Road, Tunbridge Wells, Kent, TN1 ILS. Imago Community is also a registèred company limited by guarantee. The members of the company are the Trustees named on page l. In the event of the company being wound up, the liability in respect of the guarantee is limited to £1 per member of the company. Accountlng pollcles 2.1 Basls of preparatlon of flnanclal statements The financial statements have been prepared in accordance with the Charities SORP <FRS 1021 Accounting and Reporting by Charities.. Statement of Recommended Practi applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) {effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 20Q6. Imago Community meets the definition of a public b8nefil enlity und6r FRS 102. Assets and liabilitie5 are initially recognised al historical cost or transaction value unless olheNise stated in the relevant accounting policy. The Consolidated Statement of Financial Acttvities (SOFA) and Consolidated Balance Sheet consolidate the financial statements of the Group and its subsidiary undertaking. The results of the subsidiary are consolidated on a line by line basis. The Group has taken advantage of the exemption allowed under s8Ction 408 of the Companies Act 2006 and has not presented its own Statement of financial activtties in these financial statements. 2.2 Going concern The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern. 2.3 Income All income is r6cognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. Grants are included in the Consolid8ted Statement of Financial Aclivilies on a receivable basis. The balance of income received for specific pury)oses but not expended during the period is shown in the relevanl funds on the Balanc6 Sheèt. Where income is received in advance of entitlemenl of rscèipt, its recognition is def8rr8d and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accwed. Gifts in kind donated for distribution are included at valuation and recognised as income when they are distributed to the projects. Gifts donated for resale are included as income when they are sold. Income tax recoverable in r&lation to donations received under Gift Aid or deeds of cov8nant is recognised at the time of the donation. Income lax recoverable in relation to investment income is recognised at the time the investment income is receivable. Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of th8 servic8. Page 17
Imago Community (A Company Limited by Guarantee Notes to the Flnanclal Statements Forthe Year Ended 31 March 2025 Accounting policles (contlnuedl 2.4 Expanditure Expenditure is recognised once there is a legal or ccnstructlV8 obligation to Iransf8r economic benefit to a third party, it is probable that a transfer of economic benefits will be required in seltlement and the amount of the obligation can be measured reliably, Expenditur6 is classified by activity. Thè costs of each activty are made up ofthe total of direct costs and shar8d costs, including support costs involved in undertaking each activity. Direcl costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute lo more than ong activty and support costs which ar8 not attributable lo a single activity are apportioned between those activities on a basis consistent with the use of resources. Cgnlral staff cosls are allocated on the basis oftime spent, and depreGiation charges allocated on the portion of th8 asset's use. Exp8nditure on raising funds includes all expendycure incurred by the Group to raise funds for its charitable purpos8s and includes costs of all fundraising activiti8S 8V8nts and non-charitsble trading. Expenditure on charitable activities is incurred on directly undertaking the activities which further the Group's objectives, as well as any associat8d support costs. 2.5 Interest receivable Interest on funds held on deposit Is included when receivable and the amount can be m8asured reliably by the Group., this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited. 2.6 Tangible fixed assets and depreclatlon Tangible fixed assets costing more than £5,000 are capitalised and recognis&d wh8n future 8conomic b8nefits are probable and the cost or value of the asset can be measured reliably. Tangible fixed assets are initially recognised at cost. After recognition, under th& cost mod81, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impaimient loss8s. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost. Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual valua ov8r their estimated useful lives, using the straight-line method. Depreciation is provided on the following bases.. Freehold property Molorvehicles Computer equipment Other fixed assets O_ 20/0 Straight1ine 33 % straight line 33 % straight line 100/0 Straight line 2.7 Investments Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequ@nlly mèasured at fair value at the Balance Sheet date, unless the value cannot be measured reliably in which cas6 it is measured al cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as 'GainsllLos5es) on investm6nt8' in the Consolidated Statement of Financial Activities. Page 18
Imago Community (A Company Limited by Guarantee Notes to the Flnanclal Statements For the Year Ended 31 March 2025 Accountlng policies Icontlnued) 2.8 Debtors Trade and other deblors are recognised at the settlement amount after any trade discount offered, Prepayments are valued at the amount pr8paid net of any trade discounls due. 2.9 Stock Stock does not include goods donated for sal8 as it is impractical to measure reliably th8 fair value of these donated items. 2.10 Cash at bank and in hand Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of thr68 months or16ss from th8 data of acquisition or opaning of the d8POSIt or similar account. 2.11 Llabllities and provislons Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of 8conomic benefit will be required in settlement, and the amount ofthe settl8ment can be estimated r8liably. Liabilities are recognised al the amount that the Charity anticipates il will pay to settle the debt or the amount it has r8ceiv8d as advanced paym8nts for th8 goods or seNices it must provid8. Provisions arg measured at the best estimate of the amounts required to settle the obligation. VVh8re thg 8ff8cl of th8 time v81u8 of mon8y is mat8rial, the provision is based on the presenl value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability, The unwinding of the discount is recognised in the Consolidated Statement of Financial AGtivili8s as a finance cost. 2.12 Flnanclal Instruments The Group only has financial assets and financial liabilities of a kind that qualify as basic financial instruments, Basic fin2ncial instruments are initially recognised al transaction value and subsequently m&asured attheir settlem8nt value with the exception of bank loans which are subs8quently measured al amortised cost using the effective interest method, 2.13 Operating leases Rentals paid under operating leases are charged to the Consolidated Statement of Financial Aclivities on s straight line basis over the lease term. 2.14 Pensions The Group operates a d8fined contribution pension schem6 and the pensiDn charge represents the amounts payable by the Group to the fund in respect of the year. Page 19
Imago Community (A Company Limited by Guarantee) Notes to th8 Financial Stat8ments Forthe Year Endod 31 March 2025 Accounting policies (continued) 2.15 Fund accountlng General funds are unrestricted funds which are available for use at the discretion of the Truslees in furtherance of the general objectives of the Group and which have not been designated for other purposes. Designated funds comprise unrestricted funds that have been sel aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes lo the financial statements. Restricted f unds are funds which Sre to be used in accordance with specific restrictions imposed by donors or which have been raised by the Group for partlGular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. Investment income, gains ancl losses are allocated to the appropriate fund, Income from donatlons and legacies Unra8trlctsd Funds 2025 Rèstrlcted Funds 2025 Total Funds 2025 Donations 10,599 83.2e9 93,868 Unrestricle Funds 2024 Restricted Funds 2024 Total Funds 2024 Donations 9,985 9,985 Income from charitable actlvities Unrestrict8d Funds 2025 Restricted Funds 2025 Total Funds 2025 Grants re1vable Non-contracted activities- Project income Training course fees Volunteers, driving income 55,60Q 5,005,784 5,061,384 18,860 70,581 18,860 70,581 145,041 5,005,784 5,150,825 Page 20
Imago Community (A Company Limited by Guarantee) Not88 to tha Financial Statements For the Year Ended 31 March 2025 4. Income from charltable actlvities {continued Unrestricted Funds 2024 Restricted Funds 2024 Total Funds 2024 Grants receivable Non-contracted activitie5- Project incom8 Training course fees Volunteers, driving income 82,711 5,571,327 5,e54,038 7,320 e4,809 7,320 64,609 154,e40 5,571,327 5,725,967 5, Grants recelvable 2025 2024 Kent County Council Barnardo's City of London Carers Sevenoaks District Council Kent Community Foundation The Iwy and Jane Charitable Trust Havering District Council Bexley Borough Council Tonbridge and Malling Borough Council Medway Council NHS Clinical Commissioning Groups East Sussex County Council Southwark Borough Council National Lottery Department of H8ath Greenwich Council Other Lewisham Council Centre for Sustainable Energy 2,838,016 2,952,101 19,075 37,803 2.500 36,949 12,567 64.790 113.772 4,500 597,113 426.366 177.927 106.744 7,057 811,124 20,867 84,594 311.815 134,880 3,750 22,594 53,934 145,365 3,600 495,064 1,182,507 216,730 105,654 75,991 20,867 75,035 204,552 77,218 5,058,384 5,654,038 Page 21
Imago Communlty (A Company Limlted by Guarantee Notes to the Flnanclal Statements For the Year Ended 31 March 2025 6. Income from other trading activities Income from fundralslng events Unrestricted Funds 2025 Restricted Funds 2025 Total Funds 2025 Income from selling donatad goods Gift Aid 51,187 3,273 141 136 51.328 3,409 54,460 277 54,737 Unrestricted Funds 2024 Restricted Funds 2024 Total Funds 2024 Events incom@ Income from s811ing donated goods Gift Aid 5,874 51,320 2,243 47,242 53,116 51,320 2,386 143 59,437 47,385 108,822 7. Investment Income Unrestrlcted Funds 2025 Totsl Funds 2025 Investment income Interest received 6,626 44,748 6,626 44,748 51,374 51,374 Page 22
Imago Communlty (A Company Limited by Guarant8e) Notes to the Financial Statements Forthe Year Ended 31 March 2025 7. Investment Income (continued) Unrestricled Funds 2024 Total Funds 2024 Investment income Interest received 6,296 50,056 6,296 50,056 56,352 56,352 8. Other Incoming r8sources Unr8Strict8d Funds 2025 Restrlcted Funds 2025 Total Funds 2025 Membership fees Sundry income 10,172 1,242 10,172 5,726 4A84 11,414 4N84 15,898 Unre8tricled Funds 2024 Restricted Funds 2024 Total Funds 2024 M&mbership fees Sundry income 9,241 10,397 20 17 S,441 10,414 19,818 37 19,855 Page 23
Imago Communlty IA Company Limitod by Guarantse) Notes to the Financial Stat8ments Forthe Year Ended 31 March 2025 9. Expendlture on raising funds Costs of ralslng voluntary income Unrestrlcted RoStrict6d Funds Funds 2025 2025 Total Funds 2025 Costs of goods sold Fundraising 644 646 Unrestricted Funds 2024 Total Funds 2024 Costs of goods sold Fundraising 1,231 103 1,231 103 1,334 1,334 Other trading expens8S Unrestrlcted Funds 2025 Restricted Funds 2025 Total Funds 2025 Administration expenses Administration staff costs 67h93 327,167 67,493 327,167 394,660 394,660 Page 24
Imago Community (A Company Llmlted by Guarantee) Notes to the Financial Statements For the Year Ended 31 March 2025 Expendlture on ralslng funds {¢ontlnued) Other tradlng expenses Icontlnuodl Unrestricted Funds 2024 Restricted Funds 2024 Total Funds 2024 Administration expenses Administration staff costs 80,140 294,880 60,140 337,296 42,436 42,436 355,000 397,436 10. Analysis of 8XP8nditure on charitable activities Surnmary by fund typ8 Unrestricted Funds 2025 Restricted Funds 2025 Totsl Funds 2025 Charltable activity expenditure 294,077 4,665,495 4,959,572 Unrestricted Funds 2024 Restricted Funds 2024 Total Funds 2024 Charitable activity expenditure 242,578 5,271,369 5.513,947 Page 25
Imago Communlty (A Company Limited by Guarantee} Notes to the Flnanclal Statement For the Year Ended 31 March 2025 Charitable activity expenditure Unrestricted Funds 2025 Restricted Funds 2025 Totsl Funds 2025 Total Funds 2024 Auditors, rernuneration 9,500 46,391 9,067 27,320 5.151 20,451 12.505 6,212 9,500 47,013 1,018.522 50,590 15,611 37,892 21,898 11,712 10,300 41,102 898,450 38,450 21,432 62,445 59,829 2,479 {10,g41) 13,800 1,774 21,546 23,718 85,994 52,593 43,165 49,061 124 Volunteers, expenses Project costs Meeting and training course expenses Postage, printing, ststionery and publicity Telephone Information technology costs Membership fees and subscriptions Support costs chargeablel(recoverable} Sundries, books and cleaning expenses Rates and water 622 1.009,455 23,270 10,460 17,441 9,393 5,500 9,926 10.333 16,489 12,581 121,310) 8,489 2,172 3,567 3,275 318 10,244 10,758 20,362 16,343 (19,536} 44,510 38,100 32,664 3,306 425 Light and heat Insurance 3,873 3.762 1,774 36.021 35.928 28.997 31 R8p8irs and renewals Rant payable Travel and subsistence Private healthcare Bank charges Irrevocable VAT 15 Project delivery Refreshments 37 2,425 5,862 479 1,001 500 3,426 6,362 3,086 72,123 16,316 9,251 2,988,128 311,497 174,558 5,436 6,835 15,931 3,618 84,922 50,153 9,402 3,611,665 346,907 162,995 5,968 L8gal and professional fees DBS check expenses Motor vehicle expenses Other staff costs 2.607 31.256 13,510 40,867 2,806 9,251 38,562 4,018 2,252 5,436 Interest payable Wages and salaries Social Security Costs Other pension costs Depreciation 2,949,566 307,479 172,306 Total 2025 294,077 4,665,495 4,959,572 5,513,947 Total 2024 242,578 5,271.369 5,513,947 Page 26
Imago Community (A Company Llmlted by Guarantee Notes to the Financlal Statements Fortha Yoar Ended 31 March 2026 11. Staff costs Group 2026 Group 2024 Charlty 2025 Charity 2024 W8ges and salaries Social Security costs other p&nsion costs 3,312,794 311,497 174,558 3,948,861 348,907 162,995 2,988,128 311,497 174,558 3,611,665 346,907 162,995 3,798,849 4,458,863 3,474,183 4,121,567 Th8 average number of persons employed by the Charity during the year was as follows.. Group 2025 Group 2024 Charity 2025 Chartty 2024 116 177 116 177 The number of employees whose employee benefrts (excluding employer pension costs) 8XC8ed8d £60,000 was .' Group 2025 Group 2024 In the band £90.001- £100,000 The totsl employment benefits including employer pension and national insurance contributions of the key managémant personnel were £703,836 (2024 . £640,368), 12. Trustees, remuneration and expenses During the year, no Trustees rec&ived any remuneration or other ben&fits {2024- £NIL). During the year endecl 31 March 2025, no Trustee expenses have been incurred {2024- £NIL). Page 27
Imago Community {A Company Llmlted by Guarantee) Notes to the Financial Statements For the Year Ended 31 March 2025 13. Tangible fixed assets Group and Charlty Freehold Property Motor Vehicles Olher fixed assets Totsl Cost or valuation At 1 April 2024 Additions 1,378,397 34,798 30,000 1,443,195 At 31 March 2025 1,378,397 34,798 30,000 1,443,195 Depreciation At 1 April 2024 Charge or the year 22,527 440 27,642 4,996 30,000 80.169 5N36 At 31 March 2025 22,987 32,638 30,000 85.605 Nef Book Value At 31 M8rch 2025 1,355,430 2,160 1,357,590 At 31 March 2024 1,355,871 7,156 1,363,027 14. Fixed assets investments Listed investments Group and Charity Cost or valuation At 1 April 2024 Revalualicns 106,607 4,555 At 31 March 2025 111,162 Investments at market value comprise . 2025 2024 Listed investments 111,162 106,607 Pag6 28
Imago Communlty (A Company Limited by Guarantee) Not88 to th8 Financial Stat8ment8 Forthe Year Ended 31 Mar¢h 2025 15. Debtors Group 2025 Group 2024 Charity 2025 Charity 2024 Due wlthln one year Oth8r d&btors 294,202 88,438 63Q 191,661 13,551 294,202 88,436 630 191,661 13,551 Prepayments and accrued income staff Loans 383,268 205,212 383,268 205,212 16. Creditors . Amounts falling due wlthln one year Group 2025 Group 2024 Charlty 2025 Charity 2024 Bank loans 7,392 131,758 146,673 1,054 491,467 7,155 131,525 256,783 185 7,392 131,758 146,673 231,397 491,467 7,155 131,525 256,783 312,045 499,134 Trade creditors Other taxation and Social Security other creditors Accruals 499,134 778,344 894,782 1,008,687 1,206,642 17. Credltors . Amounts falling due after more than one year Group 2025 Group 2024 Charlty 2026 Charity 2024 Bank loans 96,920 103,938 96,920 103,938 Th8 aggregate amount of liabilities payable or repayable wholly or in part more than five years after the reporting date is Group 2026 Group 2024 Charity 2025 Charity 2024 Payable or repayable by instalments 59,960 68,058 59,960 69,058 Included in creditors if a loan Charity Bank, payable over 25 year at a rate of Interest of 3.250/0 above the Bank of England base rate (minimum 00/0) This loan is secured by the way of a legal charge over propety 17-19 Monson Road, Tunbridge Wells, Kent. Page 29
Imago Communlty (A Company Limited by Guarantee) Notes to the Financial Stat&ments For the Year Ended 31 March 2025 18. Statement of funds Stalement of funds- current year Balance at Transfer Gains I Balance al 1 April 2024 Income Expenditure Inlout (Los5e8) 31 Mar¢h 2025 Unrestricted funds Deslgnated funds Fixed assets 1,363,028 50.000 1,363,028 BO,IlOO 30,ODO 15,IXIQ Building repairs Fundraising and PR Marketing Development and pilot projects Property fund 30,000 15,000 50.000 50,000 1,508,028 1,508,028 G8neral funds General funds 157,607 272,888 1689,3811 494,513 4,555 240,182 Total Unr&stricted funds 1,665,635 272,888 1689,381) 494,513 4,555 1,748,210 Restiicted Funds Children and families 151,608 1,290,453 11,108,834) 1204,982} 128,243 Adults & Community SeNices 475,056 3,800,361 13,556,663) 1289,531) 429,223 626,662 5,090,814 14,665,497) 1494,513} 557,466 Total of funds 2,292,297 5,3S3,702 15,354,878) 4,555 2,305,676 Page 30
Imago Community (A Company Llmlted by Guarantee) Notes to the Financial Statements For the Year Ended 31 March 2025 18. Summary of funds {contlnued> Summary of funds- prior year Balance at Transfer Gains I Balanca at 1 April 2023 Income Exp8ndlturè Inlout (Losses) 31 March 2024 Unrestricted funds Designated funds Fixed assets 868,994 15,9661 500,¢JJQ 1,363,028 Building repairs Fundraising and PR Marketing DevelDpment and pilot project8 Propety funcl 50,000 50,QOO 30,000 15,000 30,000 15,000 50,000 50,QOO 500,000 {500,000) 1,513,994 15,966} 1,508,028 General funds General funds 625,003 290,247 1280,382} 1475,201 } 12,0601 157,607 Total Unrestrict8d funds 2,138,997 290,247 {286,3481 {475,2011 (2,0801 1,865,635 Restricted Funds Children and families 64,692 1,241,319 <1,499,668) 345,263 151,608 Adutts & Community Sewices 84,404 4,387,415 {4,126,701) 129,938 475,056 149,096 5,628,734 15,628,369} 475,201 626,662 Total of funds 2,288,093 5,918,981 15,912,717) 12,0801 2.292,297 Page 31
Imago Community IA Company Limited by Guarant80) Notes to the Financial Statements For the Year Ended 31 March 2025 19. Summary of funds Summary of funds - current year Balance al Transfer Galns I Balanco at 1 April 2024 Income Expendlture Inlout (Losses) 31 March 2025 Designated funds General funds 1,508,028 157,807 1,508,028 240,q82 272,888 5,090,814 1689,3811 14,665,497) 494,513 (494,5131 4,555 Restricted funds 628,662 $57,466 2,292,297 5,363,702 15,354.8781 4,555 2,306,676 Summary of fund5- prior y68r Balance al Transfer Gains I Balance al 1 April 2023 Incom8 Expendibjre Inlout (Losses) 31 March 2024 Designaled funds General funds 1,513,994 {5,g661 (280,3821 (5,626,329) 1,508.028 625,003 149,096 2go,247 5,628,734 1475,2011 4f5,201 (2,0601 157,607 Restricted funds 626,662 2,288.093 5,918,981 (5,912,717) 12,060) 2,292.297 20. Analysis of net assets between funds Analysis of net assets between funds- current P8riod Unrestri¢ted funds 2025 Restricted funds 2025 Totsl funds 2026 Tangble fixed assets Fixed assets invest investmenls Current assets 1,357,590 111,162 1,154,722 1778,344) (96,920) 1,357,590 111,162 1,712,188 1778.334) (96.920} 557,466 Credilors du6 within one year Creditors due in more than one year Total 1,748,210 557,466 2,305.676 Page 32
Imago Community (A Company Limited by Guarant891 Notes to the Flnanclal Statements For the Year Ended 31 March 2025 20. Analysls of net assets between fund8 Analysis of net assets b8twe@n funds- prior period Unrestricted funds 2024 Reslri¢t8d fiJnds 2024 Total funds 2024 Tangible fixed assets Fixed assets invest investments Current assets 1,383.027 106,607 1,383.027 106,807 1,194,721 626,862 1,821,383 1894,782) 1103,938) Creditors due within one year Creditors due in more than cne year (894,782) (103,938} Total 1,665,635 626,662 2,292,297 21. Reconclllatlon of net movement in funds to net cash flow from operating activities Group 2025 Group 2024 Net income for the period (as per Statement of Financial Activities) 13,379 4,204 AdJustments for '. D8preciation Gharges Gains on investments 5,436 14,555) (51,3741 (178,056) (116,437) 5,966 2,060 (56,3521 (46,2741 202,832 Dividends, interests and rent from investments Increase in debtors Increasel(decr8asg} in creditors Net cash provided by operating activilies {331,607) 112,436 22. Analysis of cash and cash equivalents Group 2025 Group 2024 Cash in hand 1,328,920 1,616,171 Page 33
Imago Communlty IA Company Llmited by Guarantee) Notes to the Financlal Statements For the Year Ended 31 March 2025 23. Analysls of changes In net debt Al 1 April 2024 Cash Flows At 31 March 2025 Cash at bank and in hand Debt due within One year D8bt due after one y8ar 1,616,171 17,155) 1103,938) 287.251 1,32B,920 17,392) {96,9201 237 17,018) 1,505.078 1280,4701 1,224,608 24. Pension commitrnents The charity operates a defined contributions pension scheme. The assets of the scheme ar.e held separately from those of the charity in an independently administered fund. The pension cost charge represents contributions payable by the charity to the fund and amounted to £174,55812024 . £162,995). At the balance sheet dated, £24,69912024 .. £13,444) was payable to the fund and is includ8d in creditors. 25. Operatlng lease commitments Al 31 March 2025 the Group and the Charity had commitments to make future minimum lease payments under non-cancellab18 operating leases as follows Group 2025 Group 2024 Charily 2025 Charity 2024 Nol later than one year Later than one year and not laler than 5 years 70,842 34,167 66,539 70,542 34,157 66,539 108,515 108,515 104,699 175,054 104,699 175,054 26. Related party transactions Graham Shaw, husband of CEO Caroline Shaw, provided bid and consultancy seNicés lo the charity during the year lotaling £36,000 <2024 . £36,343). At the yaar-end, £32,850 (2024 . £33,75Ql was outstanding. Page 34