Ocajsiw En¥elcy8 ID.. 726c28504511467s86B8OSE849QeE Reglstered number: 04921852 Charity number. 1109276 INSTITUTE OF IMAGINATION UNAUDITED ANNUAL TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 AOCR1935 3W09r2024 c1PmlEs HOUSE
Docu$HJn En1¢8 i)". 728C285fyc51146734DBSE84s6A28E sTE OF IANAmON copirENTS Legal and admln5stratlvo Informallon Trustees. Report Independent Examln•rfs R•port Con$olldated Statement of Financial Activities 10 Con$olidat•d 8alan¢o Sh¢¢t 11 Charity Balanc• Sh••t 12-13 Cash flow statem•nt 14 Not•s to the Financlal Statements 15-31
Docu¥gn Envefw10.. 728C28SNC511467>86B&o4g628E INSTITUTE OF IIAAGINATION LEGAL AND ADMINISTRATNE INFORMATION FOR ThE YEAR EMDED 31 DECEM8ER 2023 Trustw4 Lady A Shaw-scott Adja {wgn8d 22 March 2023) B J Demeroutis. Ch&r M Dorion T Gilbert A Greenberg Dr L Guyion {resKJned 22 March 2023) B Koby C Metcalfe S Sotomey C TavemK8r D Uehlein L Watson (resigned 31 December 20231 Company rngiSter8d nurnr 04921852 Charity rnglst8rod numb•r 1109276 Reglstfjred offi School 360 5 Sug8r House Lane London E15 2QS Chhf •x•cutive offi¢•r M A Moralès A¢¢ountants Peters ErthY & mre Salisbury House Slalion Road Cambridge CB1 2LA Bankors Coutts & Co 440 Strand London WC2R OQS Pag8 1
EThvdopg UJ.. 726C20•1467>a6B&8496A28E INSTMJTE OF IIAAGINATION LEGAL AND ADMINISTRATIVE INFORMATION ICONTINUEOI FOR THE YEAR ENDED 310ECEMBER 2023 Soli¢lt4)rs Joelson JD LLP 2 Mawebone Road London NWI 4DF Page 2
INSTITUTE OF IMAGINATION TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 Introduction by Chair of Trustws Welcome lo the Institute of Imaginabon's annual rewt. a testament lo our unwavering commitment lo nurturing young minds and foslering creativity. As Chair of Trustees, l am honoured to share the remarkable results of our work in 2023. Basll Oemeroulis Chalr of Trustws Charitable Objectlves The Charivs obiectNe is to thampion Opp•IlleS for ¢hiklren and y)ung pe of all backgrounds. foatsed ondeveloping ther Thaginations. a quality that is vilal to rJe8bvty a1 Ihe abilty to adapt and thrlve in a rapidly changing world. The Twstees have paid due reg¥d to th8 public benefft guid•)c4 publis1d by the Charity Commission. In the coming years. th& Charity will focus on marginalised 5 to 11 old chiklren in London's tlisadvanlag8d boroughs. with a an to grow work in regionalty in a8$ of disadvantsge in Engk4nd to follow. Roffl•¢ting on 2023: A Year ofTransfom)th Impa¢1 at the I1111• of Imagination As we look back on 2023, I'm exoted lo share the remarkablo impad of the work we've a¢c(Mnplished al thg Inslilule of Imaginati lioil. Our impact mission - developing ueative thinking skills and raisin9 educational and career aspirations - has never been more critscal. In the UK. 4 millbon children are growng up in Fwjvety, often without the resources or opportunibes to shapa their own ftJture$. At ioi, we £09n1Ze thal meaninglul change begins by unlocking imagination. Unfortunaldy. this vilal spark remains domant in many chtldren, limiting their ability to envision a bn'ghter futu. This leaves them vulnerable to long-temi unemployrn8nl antl diminish9d lrfe prospects. wilh untapped F¥)lential leading lo lost opportunrtss. ThrcNJgh our diverse programs and activibes. ignite Ihe imaginalims of chiklren from underserved and underrepresented o)mmunilies. These transformalNe leaming experiences empower them to shape their futures. A standout examFde is a yowvJ boy named Mason. Five yeais after his first encounter th ioi. Mason retumed this year to pathpate in our in-person prJraM, My Big Idea. He sharad with us." 'School taught me the basrcs. but the Institute of Imagrn8tion helped me understand the future." Our eaty intervention emp(wered hirn to sed - eaming a s¢hoiarship to a top secondary school and ea$ily passing his enlrarKe axams. His grandmothar. Sherry. added.. "Il opgned Mason's mind to all thgso possits'lities." Mason's success serves as a lestsment to how imaginatrln, when unlocked, can truly tran$forni Ibves. Mason's story is just one of many. In 2023, we readwl 32,0 chikIn from urKleT5erved and underrepresentsd communities, delivering SCalae programs with laskn"ThJ impacL Our evKl9ncboSed apwoach underSccS our commitment lo measurable outme5 and meaningful change. Rea¢hing Morn Through Innovatlve Programs Our STEAM Live ¢UfricJJlum-enrichmenl program wched over 200 schcds, 1h children participating 26,490 times through digilally broadcasted w(Kkshops. Imptrtsntty, these sessions also Énduded 1.658 teacher- training interactn$, expanding our inlk*nce ¥thin the education sertw. In addiknon. 265 pa"Clpants - inclyding 149 chihjren arKI 107 adutts - engaged in our fv114Iay My Big Idga avent. held in Newham and Lambeth libraries. The events encthjrayed chAdren to generate ideas aimed al fostering soaal and environmental Sustsinats'lity in their communths. We also distributed 5.000 Imagination Boxes. indudiry 1.991 to refty families and 128 10 thildren with Special Page 3
DoryJsigTr En¥810 ID.. 726C285W11467>868&D85E849&428E INSTITiITE OF IMAGINATION TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER X23 EducatKJnal Needs and Disa1115 (SEND). Demomtrating M•asurabl• Impact In 2023, we introduced a new Impact M&UreMent framewoth. allthMn9 US to more dearfy evidence and demonstrate cyjr impact. The re5uA5 arè promising: 83% of children wts) partioypated in ryJr workshops showed improved creative thinkin9 skills, and more children are now aspiring to pursue careers in STEAM (Sciènce. Tecl¥)ology, EngThering. Arts, and MalhematiLsI ffields. Looklng Ahead: Driving System1¢ Chang• As we look to the fulure. our strategic fopjs 15 M drtwng systemic change. whi our programs conlinue to grow in both roach and depth, we are committed to challenging ouldated leamiro systems. To this end, we partnered with Bath Spa UnNersity lo publish our ffirst research paper, high1hting the importance of crealivty and imagination. This research has already inspirèd ant1 supForted other organizations in enh8nLing edUcatn81 appioaches through the development of uèatNe knktng skills. Partn•rships and Collaboration Our k)n*stsnding partnership with The LEGO Group continues to thrive. and thi5 year we expanded tyjr Ilaborats"ons. Together with Save the Chitdren. EasyPea5y, and the Young V&A, we are deveknping a higl impact program in Toy•ver Hamlets. We are f¢xused on delNeriry this lnitkave and are ea9er to scale its impact in th8 c¢Kming years. Our $tructur•. g¢)vwnanu and manag•mnt Th8 Charity is a company limited by guarantee Wit share caimlal and is 9ovgm8d by ils memorandum and articles of associatton. The Charity owns the enti share capital of101 Enterprise Limited. the principal aclivity of which 15 the delivery of commercval programmes thal uftimately benefit the charity financAally and ptIonallY. The Trustees who seNed dUrY the 8T and at the date of ning. ¥4We: Lady A Shaw-scott Adjaye (resrted 22 March 20Y3) 8 J D8meroulis M Dorion T Gilbert A Greenberg Or L Guyton (resigned 22 March 20231 B Koby C Metcawe S Solomey C Tavemier D Uehlein L Watson (resigned 31 December 2023) None of Trustees has any benefioal interest n the cxjnpany. Al of the Trustees are mombers of the company and guarantee to contsibuts £1 in the event of a Winding up. New Twstees are apw)inted with a vièw to maintaining an apprcyiate balan of skills and experience. Appointments of Trustees are reviewed by a senior sutrtrcommiltee of the Board together with members of Management and Leadership and rffj by the Board of Trustees. Trustees hold offic& for a fixed term of 3 yeats and one third of Trustees are conSered for reappcintrnent at annually. All Trustees re1ve information about their responsibilibes as a part of their induction. Trairun9 is provided to 8xisting Trustoes as and when the need arises. The Chartrfs approach to fundraising is to wort( our Trnstees and existing supporters to identify new Page 4
DooJ$ign En¥eW 0.. 726C285w1l467>868&SEa49&128E INSTMJTE OF IPAAGINATION TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENOED 31 DECEMBER 2023 soure8s of funds and then engage and inspire thern wilh our work. Our focus is on statutory. corporates. Iwsts and foundalions. and major donors a$ tll as generating income from events. Wè seek to buihl loThJ-term relatnshIpS wlh our supporters demonstrating a htrjh $ocial retum on investrnent. We do not CUTr8nUy use commercial partj'apators or ext8mal fvndrwsers. We are registergd wilh the Fundraising Regulator and follow applicable law and reCned slandar(ts. The Trustees have pawj du8 rowd io Ihg benefft guidance published by the Charity Commtssion. Day lo day management rgsponwbilits in 2023 We carriwj out by Ihe CEO and other key managemenl pefsonnol in the Director group. who are rewarded at rntes MpetitVe for the se¢tor. Levels of delegated authority. from Trustees to management have been detrId in the Finanaal Polioes and Proce¢lures docurn8nL Commitm8nt levels have been set 88 folkxs.. Over £100.000 by the Boa1 of TNstees £25.001 10 £100,000 by a Tru51ee who 15 a rnnber of the FNnce and Advancerrnl {FACI Committee £1,000 10 £25,000 by the CEO Under £1.000 by a Head of Oeparlment Th8 authLMty Imils were reeWed by the Finance and AdVcement Committee and approved by the Trustees. Pro¥lslon of annual report and basis of preparallon Th8 Trustees, v*ho are direclors for the purwises of ccryany w, provKYe the annual repxJ1 together wrth the finanual stalemonts of the dwrilablo grwp and ¢(ynpany for the year ended 31 December 2023. The financial slalements t& been wepwed w) acnc6 the Charitss Aci 2011. the Companies Act 2006, the Memorandum and Articles of Associabon, and AccoLJnting arKI Rekn9 by Charities." Slalemènt of Recommended Practice applicable lo chanties preparing their ffinancial s18tements in accordance with the Finanual Reporbng Standard appluble in Ihe UK and Republic of IrelaNI IFRS 102 5eo)nd edit - October 20191 leffeclive 1 January 20191. The Trustees ha¥8 CtM)sen trj take advanta9è of the small compan¥s exemption from preparing a str8t8gic report. PrIn¢l1 rlsks and mltlgatl¢)ns The Twstees hav8 assessed the mapr risks to whith the Charity i% exposed. The principal risk for the organisation is in r&spe¢t economic weakness that mp3hl have a lOnte effect on both programming and fundraising. ReputsIn81 damage from a failu in safeguaroing or heamh and safety, and inadequate fmancial res&Nes disrupting the Charitys work remain the other major risks for Ihe organisation in 2024. These risks have been mibgaled in part by careful and oryjing plarmwvj and systemaiK fvndraisiThJ. Expenditure ts closdy managed to ensurg IquKIty remains Satisfactory. In I0r income scenarios. the TnJstees have determined that expenditure coukl b8 p)styned or cancelled thoul peTman8nt delriment to the orgaris8tion's alIty lo meet its Charitab wre. Financlal rnvlew It is the policy of the Charity that unrestricted lunds whth have not been designaled for a specific use should be maintained at a level equivalent to b8iwe8n three and six month's expenditure, estimated to be betren £175.C#XS and £350.000 at 31 December 2023. The Trustees consider that reseryes at this level will ensu that, in the event of a Signifnt drop in funding. they V•ill b8 able lo ntinue the Charitys ¢urrenl activiti&s while consideration is given to ways in tpthich additional fvnds may be raised. At th8 end of th& ypar. reserves of £180.892 (2022.. £439.925) were held induding restricled funds in 2022 of £129.822 and £nl in 2023. This level Page 5
INSTITUTE OF IMAGINATION TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 of reserves is Ihereftye consistent wth the poly. During the ar. the principal source of fvndin9 was donations. Total incom& of £604,639 (2022.. £826.4251 induded donations of £529,540 (2022.. £615,713) used to fund our prcM3rammes and our operating costs. ExpenditUTe of £863,672 12022: £873.573) consisted of raising fvnd3 £210,567 (2022.. £206,836) and ¢haril8ble acts"vrt$ of £653,10512022.. £666,737) relating lo programmè activity. Inv•stm•nt Policy At the end of 2023 2022. all investments were held in cash. When funds anow. ihe Charity may invest in a portfolio of investment products. The Chartywill rKJt invest directly in sectors that it deems in corfflict with its charilable mandate and objectives. notably arms. pomography. and tobacco. The Charity, through investments rn fixed incorr and gquity mutual funds. oxchange traded funds {EfFsl andlty other investment products. wnises that it may have indirect exwsure to some. or all, of the$ secloTs. However, further lo consultation with ils investment advisers and in the context of the overall holdings of these Inves¢nnI products. the Charity is of the ¥iv•4 that its exposure to these sectots, lo Ihe extent il exis15. IS very small. The Charity will o)ntinualy revalue its arKI b& vvJilant 8yainst exposure lo Sectors it doems inappropriate. Once the capital baso of the charity allows for it. the Financ& & Advan¢ement Committge will considgr d8dicat8d Swally Responsiblg Investing ISRII products and assess whether these a appropriate for tho portfolio in terms of div¢rSrfatI0n. o)sts. and risk profile. Long temi. it is the amtrylion of thg Institute of Imaginatx>n lo move doser toward$-pure" SRI Wcmluts. Golng Conc•m The Trustees assess vthether the use of wng concem b8si% of preparation iy appropriate and whether there are any malerial un¢ertainb'es olaled lo events or condrtitsns that may cast Snthe8nt doubl on the ability of the Charity and th Group to continue as a wing concern. The Trustees. key assumptions indude an assessment of reasonatrAy certain income from the Lego Foundation and other sources. The Trustees are monitoring cash flow closety and have evitlentx thal expondituTe can flexed as nècessary. For example. some slaff hours have been voluntarily reduced while further funding i8 found. After preparing annual financwl plans in 2024, updated and extended into 2025 the Trustees have a reaSat)le expectatKJn that the Charity and the Group have adequate resources to continue in operatimal existence during the year fft)m th& dat8 of approval of tho financial statements and therefore continue to adopt th8 goirvj concem basis of proparing th8 annual financial statemants. And finalty, Our wort Is onty potsIe because ol extraordinary team, Trustees. donor5. partners. and suPrters. Their unwaverin9 SiJPPOrt has made all our athievements r)5sible, and extend our deepest gratitude lo each and every one of them. On behaw of tho Truslees and staff at Ihe Instiiute of Imaginalion and all ltre who arg impacted by our work. we would like to thank our generous supwter5. Trustses. r•sponslbilill•s statem Th& Trustees are responble ftw prepariry the Annual Report and the flnancial stalements in accordance V*ith applicable law and re9ulalions. Ccryany law requires Ihg Tfusle8S to slalements for each finaniial ypar. Undér that law thé Truslees have elected to prepare the ffinanual statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingjom A£counbng Standards and 8pplicable lawl. including FRS 102 The Finanaal Reporting Stsndard applicable in the UK and Republic of Iland. Under (xjmpany law the Trustees must nol approve th8 financial statements unless they arg satisfied that they 9ive a Irue and fair view of the state of affairs of the company and of the profft or loss of the rA)mpany for that period. In preparing these financial Page 6
INSTMITE OF IMAGINAnoN TRUSTEES. REPORT ICOP4TINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 statements. Ihe Twstees èro required to: select Suitable a¢urtting pol'cies and then appty them consi5tentty. make judgments and accounting eslimates that are reasonable and pnjdent: preparo the financial statements the ¢on¢em basis unless it is inappropriate to pres8 that the company will continue in bl$. The Trusleas are responsitAè for keeping adequat8 accounting reIdS that are SLrffiaent to show and explain the CoMpanS transactions and disdose with reasonable accuracy at any lime th8 financial posilion of th8 company and enable them to ensufa that the financial slatemerts ccthpty wrth the Companiès Act 2006. They are also reSpsIble for safeguarding the assets of the wnpany and trnc8 for tsking reasonable steps for the prevention and detection of fraud and other irUlarl110$. Th8 Trustses are responsible for the mainlenanc8 and integrity of the corporate and finars¢ial infomialion included on tho companvs b$ll. Legislation in thg united Kirylom goveming the preparalion and diOmination of financial Ststents may drffer from legislat in olher jurisdiclions. Approved by order of Ihe membets of the board of Trustees and sJned on treir tthaif by. B J Dem•rouiis Chair Dale.. 27 Seplemter 2024 Page 7
INSTITUTE OF IIAAGNATION INDEPENDENT EXAMINER% REPORT FOR THE YE ENOED 31 DECEMBER 2023 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF INSTITLrtE OF IAIAGINATION (Ihe Group.) I report to the charity Trustees on my examination of the c¥)nsolidated actnts of thè GroLJP comprising the Institute of Imagination (the parent ChariV} and its subsKlwry undertaking for the year ended 31 December 2023. RESPONSIBILMES AND 8ASIS OF REPORT As the Trustges of the panI Charity {and its director5 for the purposes of company lawl sou are pOnSIble for Ihe preparatK)n of the Is011d8tel1 8¢counls of the Group ac¢ord8nce the requirements of the Companies Act 2006 llhe 2006 ACYI and have chosen to propare ConwIated accounts for Group. You are satisfied that the accounts of both parent Charity and th8 Group are not required by either company or charity law to be audited and havg instead to have an I1&pandent examination. Having salisfd m>self that Ihe consolKlated accounts we not required io be audited under Part 16 of the 2006 Act and are eligible for independent examinabon, l pOrt in respect of my examination of the Group's accounts cgrri8d out under section 152 of Ihe charib.es Acl 2011 Ilhe 2011 ACYI. In caryng out my examination I have followed the Directions giv8n by the Charity Commissim under section 152{5Kb) of thg 2011 Act. An independont examinatKJn does noi invofve gathering all the evidence that wouhj be roquired in an audit and consequenlty does not cover all the matters that an aLKlitor Conside in giving Iheir opinion on the accounts. The planning and conduct of an audit goe5 besY)nd the limited assurance that an indèpendent examination can provide. Consequenfjy l express no optK)n as to whether the o)n501idaied accounts psent a 't and tsirf view and my report is limited to those specific matters set out in the independent examinerfs ststement. INDEPENDENT EXAMINER'S STATEMENT I havo ¢ompletetl my examination. l o)nfirm ttkat no matters have c(xne to my attenlh)n in connection wtth th& examination givrng me cause to believ8.' ae¢cAmting records Were not kept in respeGt of the parent Charity aThJ its subsidk4ries as required by section 386 of 2006 A¢l,' or the aCCnts do not accord wth U)ose retxds'. or the accounts do Th)t Compty the a¢counting requirements of seclion 396 of the 2006 Act other than any requirement that thg accounts give a 'true and fai¢ which is not a matter Ly)nsidered as part of an independent examinat,. or the accounts have not been prepared in accordance wilh the methcAJs and princtples of the Ststemgnt of Re)MMended Practice for accounting and reporting by charities lapplicable to ¢harib"es pparing their accounts in accAydance with th8 Financtal Reporting Slandard applicable in the UK and RepubJiG of Ireland IFRS 10211. I draw users, attention to the g(Mng con¢em #knation induded wi the finanal remew wthin the Trustees. Report and accounts'ng policy 2.2. Page 8
INSTrruTE OF IMAGNATK INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 This rep)rt is made solely to the Charitys Twslees. as a W, in accordance Part 4 of the Charilies (Accounts and ReFK¥ts} Regulations 2(. My 7r has been undertaken 50 that I might Stale lo Ihe Charivs Trustees Ihosg matter5 1 am required lo stsle to Ihem in an Independent Examinerf$ Report and for no other purpos8. To tha fUlst extent pemiitted by bw, I do not accept or assume $1sIbIlity lo anyone other than the parent Charity and the Charitys Trustees as a trrt)dy. for my work for this repth1. Datod: 2T September 2024 Nikki Loan FCA PETERS ELWORTHY & MOORE Chartered AUntantS Salisbury House Station Road Cambrid9e CB12LA Page 9
0us en% D.. 726C2850C5114673468KkY5E8496A28E INSTITUTE OF IMAGINATION CONSOUOATED STATEMENT OF FINANCIAL ACTivmES (INCORPORATING INCOME ANO EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2023 Unr•strictad Restrithd funds nds 2023 2023 Total fvnds 2023 Totsl funds 2022 INCOME FROM: Donations and 18gacigS Other trading activities Investmonts 615,713 209.683 1.029 70.865 4.234 70.86S 4.234 TOTAL INCOME 384.639 220.000 604,639 826.425 EXPENDITURE ON: Raising funds Charitable actwities 210.567 303.283 210.567 653,105 206.836 666.737 349.822 TOTAL EXPENorruRE 513.850 349.822 863.672 873,573 NET MOVEhlENT IN FUNDS (129.822) 1259,033) {47.148) RECOWCILIATION OF FUNDS: Totsl funds brought forward Net movement in funds 310.103 1129211} 129.822 {129.822} 439.925 (259.033) 487.073 (47.1481 TOTAL FUNDS CARRIED FORWARD 180.892 180.892 439.925 The Consolidated Statemant of Finanual Actbvibes indudes all gains and k6$8s reco9nised in the r. The notes on pages 15 to 31 fomi part of these financial statements. Page 10
Docu5iBn enveSJF4 ID.. 726C285oi511467>e6BMSea42OE INSTITUTE OF IMAGINATION REGISTERED NUMBER: 04921852 CONSOLIDATED BALANCE SHEET AS AT 31 DECEMBER 2023 2023 2022 FIXED ASSETS Tangible assets 10 7.419 9,032 7,419 9.032 CURRENT ASSETS Debtors Cash at bank and in hand 12 n.169 156.893 25,053 575.942 230,062 600,995 Creditors.. amounts falling due wilhin one year 13 (56.5891 {170,1021 NET CURRENT ASSETS 173.473 430.893 TOTAL NET ASSETS 180.892 439.925 CHARITY FUNDS Restridod funds Unrestricted fvnds 14 129.822 310.103 14 180.892 TOTAL FUNDS 180.892 439.925 The Charity was entitled to exempl)n from audrf¢ under secbNb 477 of the Companies Act 2006. The members have not required the rry>anY to obtain an audit for Ihe in question in accordance with section 476 of Companies Act 2006. The Trustees acknowledge their responsitmliiies for comptying the requirfjments of the Ad wilh respect lo accounting records and preparation of financial sLernents. The financi statements have tjeen prepared in accordance wilh the provk8n$ applicable ¢0 entitt9s Subjed tt) the small companies regime. The finarKial stslements were approved an(1 issue by the Trustees and signed on their behalf ty. 8 J Dwn•routis Chair Date: 27 September 2024 The notes on pages 15 to 31 ftxm part of Ihese financial stalements. Page 11
Docu8v En10 rl.. 726C2&5LkC511467>8DS5E045&28E INSTITUTE OF IMAGINATION REGISTERED NUMBER: 04921852 CHARtrY BALANCE SHEET AS AT 31 DECEMBER 2023 2023 2022 Note FIXED ASSETS Tangible assels Inveslments 10 11 7.419 10 9,019 10 7.429 9.029 CURRENT ASSErs Debtors Cash al bank and in hand 12 125.659 97203 221.849 336.159 222.862 558.008 Creditors.. amounts falling due within one 13 (49.402) (127.085) NET CURRENT ASSETS 173.460 430.923 TOTAL NET ASSETS 180.889 439.952 CHARrri FUNDS RestrKted funds Unrestri¢tgd funds 14 14 129,822 310,130 18Q.889 TOTAL FUNDS 180.889 439,952 Th8 Charitys net movement in funds for the yparwas £1259.0631 (2022- £141,639)). The Charily was 8nknUed to exeTrWin from 8udi¢ under sec11 47T of the Cthnpanies Acl 2006. The members have nol required the compary to obtain an audit for the ar in ques1K in accordance with section 476 of Companies Act 2006. The Trustees a¢krledge their responsibleS for comptying the rgquirements of tho Act wilh r8spect to accounting records and Preparation of finanaal slalements. Th8 finanrAal statèments have been prepared n accdance the provi$#)ns apPIati1e lo entilies subject to the small companies regime. Page 12
INsTUTE OF IMAGINATION REGISTERED NUMBER: 04921852 CHARITY BALANCE SHEET (CONTINUED) AS AT 31 DECEMBER 2023 The finanual staternents were approved and auknrised for issue bythe Trustees and signed on the* behalf by.. B J Demeroutls Chair Date: 27 Seplember 2024 The notes on pages 15 to 31 form part of these financial ststements. Page 13
Docusiyh EnvIpe ID.. 728C285W11467&868&l)85E848E INSTITUTE OF IMAGINATION CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2023 2023 2022 Note CASH FLOWS FROM OPERATING ACTivmES Net cash used in opfjrabng activitses 16 1419.438) {43,112) CASH FLOWS FROM INVESTING ACTivrrEs Dividends. interes15 and rents Irom investments Purchase of tsngible re0 assets 4.234 13.84¥ 1,029 12,178) NEf CASH PROVIDED BYI{USED IN) INVESTING ACTMTIES 389 (1.149) CHANGE IN CASH AND CASH EQUIVALENTS IN THE YEAR 1419.049) 575.942 144.2611 620,203 Cash and cash equNthts al the beginning of Ihe Jear CASH AND CASH EQUIVALENTS AT THE END OF THE YEAR 17 156.893 575,942 The notes on pages 15 to 31 ftxm part ofthese financial statements Page 14
Docusign Enveknpe10.. 726C28sfyC511487M68&D85É8498E INSnTUTE OF IMAGINATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEPIBER 2023 GENERAL INFORMATION Institute of Imagination is a Charity incoOrated in th8 United KIngdn and registered in England and Wales under the Companies Act. The address of the regster•J Offi is School 360. 5 Sugar House Lane, London. E15 2QS. Th8 nature ofth8 Charitys op8ration$ and its prinwa activi are sel ou¢ in the Trust8es' reporL ACCOUNTING POUCES 2.1 BASIS OF PREPARATION OF FINANCIAL STATEPAEiirs The financial slatements have been prepared in acrdance Mtylh the Ch8ritw SORP IFRS 1021- Accounting and Reporting by Charths.. Statement of Recommended Praclice applicable lo charities pparing their accounts in a¢¢(Ydance vth the Financial Repo"fig Stsndard applicable in the UK and Republic of Irdand {FRS 1021 (effective 1 January 20191. rhe Financt81 Rwrting Standard applicab19 in the UK Republic of Ireland IFRS 102) and the Companies AL# 2c. Institute of Imagination meets the defini1K of a public beneffit entity under FRS 102. Assets and liabilities are initialty regnised at historical cosl or trCl10n ¥alu8 unless othen¥ise stated in Ihe levant accounting wlicy. The Consolidated Statement of Financial Activiti8s (SOFA) al Consolidated B8lanc8 Sheet consolidate the financial slatements of the Charity its sub&diary undertaking. The results of the subskliary are ¢On$dated on a line by lin8 basis. The Charity has taken a(fvantago of th8 exemption allowed under sectk)n 408 01 the Companies Act 2006 and has N>t presentad its own Ststemgnt of Financiat Acti¥iti8s in these financial stalements. 2.2 GOING CONCERN The Trustees have rewewed forecasts induding ca$h flow forecasts for 12 months from tho date of approvd and based on reasonable income assumptions do not expect a material funding gap given committad 6xpendilure. The Tmstees are monitoring cash closely and have eviden that expenditure can be Ilexed as necessary. For example. staff hours could be further reduced while add81 funding is found. Therefore the Trustees expect Ihe Charity and the Group to have adequate Te50urces lo continue in operath)nal existence during the forecast pertod. Thay therefore eonlinue to adopt the going concem basis in preparing the annual financial statements. 2.3 INCOME Income is recognised in the statemnt of financial aclNities when it becomes rgceivable, and the entitlement. measurem&nt and pr(*JatAe principles are meL Income is deferrnd (mly to the extent that it has been re1Ve0 in advance for S¢ifiC conditions lo be meL Donated seryices are induded at ttr esbmated market value to the tharity. Interest on funds hekl on deposit is induded when receivabl8 and the amounl can be measured reliably by the Group.. this is norn1 up)n notification of the inleresl paid or payable by the institution th whom Ihg funds are dOlted. Grants are feccwised in incom8 bas•J on man8gemenVs jijdgwnI rogarding en11Ment, Page 15
INSTITUTE OF IMAGINATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 ACCOVNTING POUCES (CONTINUED) 2.3 INCOME (CONnNUEO) measurement. and probthlity. Tlty a syanl is recogni8ed in fvll when it is awarded. If a grant is fty specific perf0rrnan or the are unmet condTtions the grnnt is deferred until those are mel. 2.4 EXPENDITURE All expenses are recognised wtwi an woic8 is received. F>rovisiCs are induded in the slatemenl of financial aclivib.es lo the extent Ihat gocmjs aThJ services have been contrdcted for but not yel received. Raising funds are costs related to lh8 99nerati ofvoluntsry incoma for the Charity. Expenditure on Charitable activilies is any that relates direcuy lo fuffilling the charilabl8 objects of the Charity and includes allocated support and governance cx>sts as well as direct costs. Govemance costs. included supwrt cosfs. relate to the direct running of the Charity. allowing the Charity to operate and generate the Inltymatn Tequired for pU1C accountability. Staff Costs and supp¢Kt Costs a analy3ed and apwtsoned on the basis ofmanagemenfs estimation of the lime spent each acts"vty. 2.5 TANGIBLE FIXED SETs lD DEPRECIATION Tangible rued assets are initialty recognised at cost. After reJnitIOn, under the cosl model, tsngible ed assets are measured at cost less accumulated depreciation and any accumulated impairm8nt losses. All costs incurred to bring a tangl ts8d asset into ils intendod working cOTrdrtn should b8 included in the measurement of cost. Depwab(Wb is charged so as to alocate the cost of tangibl8 fixed assets less their residual value over their eslimatsd useful lives. Depreualh)n is provNled on followry basi5: Fixiures and fittings Computer eouipmenl Library EqLMt#nenl 25% straKJht4ine 25% Strah141n9 50% straht4in9 2.6 INVESTMENTS Investments in SLrbsKliaiies are valued al cost less provision fry impaimient. 2.7 DEBTORS Trade and other debtor5 are reLrynised at Ihg seluement amount after any Irade di$Unt offered. Prepayments are valued at the arUnt pr8paid nal of any trade discounts duo. 2.8 CASH AT BANK AND IN HAND Cash at bank and in hand YludeS cash and short48mi highty Ikiuid invesbnents ¥Ath a short maturity of three months less from th8 date of acquisilitxb or opening of the depjsit or similar account. Page 16
Dcojsign Envebp8 ID". 726C28511146734w$SE849&A28E INSTITUTE OF IMAGINATION NOTES TO THE FINA14CIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 ACCOUNTING POLICIES ICONTINUEDI 2.9 LiABILmES AND PROVISK)NS Liabilities pAe r8cognised wthen there i8.an obligabon at the Balance Shget dat& as a result of a past evant, il is probable that a transfer of economic benefft wll be reqUid in setUem8nt, and tho amount of tha settlement Can be estimed rdiatty. Liabilities are recc3nised at the amount that the Charity antpat&S rt wll pay lo settle the d8bl or the amount it has receNed as advanced payments for the or servi¥ it must provide. 2.10 FINANCIAL INSTRUMENTS The Group onty ha5 financial assets and finan¢ial lknibilit*5 of a kind that qualfy as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value the exception of bank loans which are Subsequently measured at amorti5ed cost using the elTective interest ffle)d. 2.11 OPERATING LEE5 Expendilure i)n operatiThJ leases is accounted for on a straight4ine baS over the lile of a lease. 2.12 PENSIONS The Group oper8t8s a defined contributK)n pension scheme and the pensKm charge represents th8 amounts payablè by the Group to the fund in respect of the year. Drfferencès bafvn contributions payable in the year Ctn'blrts a(lUtY pamj are shown as wther accruals or prepayments in the Balance Sheet. 2.13 FUND ACCOUNTING Gener81 fuTrJs a urt$trd funds whith are available for use at the discrelh)n of the Trustees in furtherance of the general objecl]¥es of the GrcMJp and vthich have been dèsignated for other purposes. Re51ricled funds are funds which a to be used in accordance with specific restrictions imposed by donor5 or which have been raLsed by the Group for parti(yJlar purposes. The costs of raising and administering such furKls are charged against the specthc fund. The aim and use of each restricted fund is Sel ¢)Ut in the notes to the finanrAal statements. Pagg 17
INSTITUTE OF IMAGINATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 310ECEMBER 2023 CRrricAL ACCOUNTING ESTIMATES AND AR OF JUDGMENT In the application of the Group's accounting t1clOS. which are described in note 1. the Trustees are required to make judgements. estimates and assumplh)ns about the can9 amounts of assets and liabilits.es that are rt readily apparent from other sources. The eslimales and associated assumptions are based on historical experience and other I1$ Ihat are cnnshJered to be relevanL Actual results may differ from these estimates. The estimates and undetyng assumptn9 are rewewtd on an orrfwing basis. Rèwsions to accountin9 estimates are ¢l3n1sed in the perth in which the estimate is sed rf the revision affects only that period, or in Ihe p8fK>d of the rewsK¥n and firture p8nods if the re$1¢> affocts t)th current and luture periods. The Trustees do not C•)ns•Yer the to be any erilical judgements or sources of estimati¢M uncertainty requiring disclosure beyond the arx¥)unting policies listed above. INCOME FROM DONATIONS AND LEGACIES Unr•stri¢ted Rostrl¢t•d fvnds funds 2023 2023 Total fvnds 2023 Total funds 2022 Donation5 Grants 309.540 309.540 220,000 285.817 329.896 309.540 220,0(KJ 529.540 615,713 TOTAL 2022 285.817 329.896 615.713 Donations and gfts aTr derived from largeled fundraisTng by the orywnisa1n. TPre were no donated services in 2023 or 2022. Page 18
INSTiniTE OF IMAGINATION NOTES TO THE FINANCIAL STATEIAEpirs FOR THE YEAR ENDED 31 DECEMBER 2023 INCOME FROM OTHER TrADING ACTivmES In¢omo from non ch*itable tradlng adivities Unrnstri¢ted funds 2023 Total funds 2023 Total fvnds 2022 Schr)ol and partn8rship sales Corpcffatg Sales 2,924 67.941 2.924 67.941 5,459 204.224 70.865 70,865 209.683 TOTAL 2022 209.683 209.683 l income from trading a(live5 in 2023 and 2022 was Unrestrl¢ed. IP4VESTMENT INCOME Unrnstrict•d funds 2023 Totsl funds 2022 luDds 2023 Bank inlerest 4.234 4.234 1,029 TOTAL 2022 1.029 1.029 Page 19
Docuww En¥tltye .. 726285C$11467mI85Ea496A2oE INSTmrrE OF IPAAGINAnON NOTES TO THE HNANCIAL STATEMEs FOR THE YER ENDED 310ECEMBER 2023 ANALYSIS OF EXPENDITURE BY ACTMTIES undertaken dire¢ 2023 Support Costs 2023 Total funds 2023 Totsl fvnds 2022 Management and govemance Marketing and PR Expari8nc8 and leaming 93.838 54.459 124.743 77,S17 218.581 131.976 301548 283.068 116,326 267,343 4SO,845 202.260 653.105 666.737 TOTAL 20r2 393.446 273.291 666,737 ANALYSIS OF DIRECT COSTS •nd Leaming 2023 Total lund$ 2023 Total fvnds 2022 Manag•m•nt M¥rketlng 2023 2023 Staff costs Pffjgrammes 54.459 247.999 54.549 396,296 336.986 56.460 93.838 54.459 302.548 450.845 393,446 TOTAL 2022 79,794 267.343 393.446 Page 20
INSTMJTE OF IldAGINATION NOTES TO THE HNANCIAL STATEMENTS FOR THE YEAR ENDED 310ECEMBER 2023 ANALYSIS OF EXPENDITURE BY ACTMnES (CONTINUED) ANALYSIS OF SUPPORT COSTS As r8Staled Total funds 2022 Totsl fund$ 2023 M•nag•m•nt Mark•tiThg 2023 2023 Staff costs Administratron Recruitment and trainw)g Temporary slaff IT costs Marketing and communi¢ali(Ms Cancelled invoices relating to 2021 legal fees Govemance costs 59.398 52.624 17.683 17,308 18,125 50.270 1.208 109.668 53.832 17.683 17.308 29.946 14.218 (47,990) 7,595 62,787 89,339 4S,511 19,174 24,781 17,484 11,821 14,218 {47.1) 14.215 124.743 77.517 202,260 273.291 TOTAL 2022 AS RESTATED 203.274 70,017 273.291 Governance costs are comprised of legal fees of £930 (2022: £2.005} aThJ accnuntancy f8es of £6.665 (£11.3501. The analysis of the sUppt costs has been extendgj in 2023 to sive more information. As o result the 2022 comparatives have been restaled. INDEpENDEP EXAMINER'S REMUNERATION 2023 2022 Fees payable to the Charivs independent examiner in respeci ot. Independent oxaminalion of the charitys annual financial statemgnts Other services to the group 6,665 1.270 10.950 1.422 Page 21
INSTITUTE OF IMAGINATION NOTES TO THE FINANC STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 STAFF COSTS Gr¢wp 2023 Grtyjp 2022 Charity 2023 Charity 2022 Wages and salaries Srtial serity rAysts Contribution to defined contributb)n pen$K schemes 602.708 488.243 47.491 602,708 62.463 488.243 47.491 17.576 14,365 17.F16 14,365 682,747 550,099 682.747 550,099 Thè averagè nrnr of [ersO onw01 by Ihe Charity during the ar was as follows: Group 2023 No. Gp 2022 No. Charity 2023 No. Charity 2022 No. Management Supwrt 15 12 15 12 The number of emknes whose employee bets lexduding empw pen$ion costs) exceeded £60.000 was.. Group 2023 Group 2022 No. In the baThl £60.001- £70.000 In Ihe baThJ £90.001- £1CiI.otx) None of the Tnjstees (or any persons CneCted with them) rei¥8d rgmun8ration or re1Mbuod expense5 during the year (2022: Nil). Key management pewnnel a defined as the DireGtor Group that includes the CEO and ExecutNe Co- Direclors. The total employment benefits paKI to key management personnel (ineluding pension 0)ntrionSI during Jear was £187.335 (2022: £220.8641. Koy managemgnt perstne1 are remunerated at market Tate. Pag8 22
Dr*uslgn En¥ekJp8 ID.. 726c28c51l-46yM68B49&I28E INSTITUTE OF IPIAGINATION NOTES TO ThE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 TANGIBLE FIXED GROUP Fixtures and fittings Computer equlpmenl Totsl COST At 1 January 2023 Additions 19.841 30.908 50.749 At 31 0Kember 2023 19.841 34.753 DEPRECIATION At 1 January 2023 Charge for the ar 19,043 22.674 4.660 41,717 At 31 December 2023 19.841 27.334 47,175 NEf BOOK VALUE At 31 December 2023 7.419 7,419 At 31 L)ecembor 2022 798 8,234 9,032 Page 23
Docusun Enwlopo 10: 728c285r1l467M9&l28E NOTES TO THE FINANCIAL STATEMENTS FOR ThE YEAR ENDED 31 DECEMBER 2023 10. TANGIBLE FIXED ASSETS (CONTINUEO) CHARITY Fixtures and Computti flttlngs equipment Total COST At 1 January 2023 AthJit#)ns 19.841 14.323 34.164 AI 31 OKembgr 20TJ 19.841 18.168 38.009 DEPRECIATION At 1 January 2023 Charge for the aT 19.iM3 6.102 4.647 25,145 At 31 Dgcembw 2023 19.841 10.749 30.590 NET BOOK VALUE At 31 December 2023 7.419 7.419 At 31 December 2022 798 8.221 9.019 Page 24
Dowslgn En¥dwe D.. 728C285tyC511467>868&W8496A28E INSTITUTE OF IIAAGINATION NOTES TO THE FINANCIAL STATEMENTS FOR ThE YEAR ENDED 31 DECEMBER 2023 AXED ASSEf INVESTMEPITS IDvestm¢nts subsldlary ¢ompanl CHARITY COST At 1 January 2023 10 AT 31 DECEMBER 2023 10 NEf BOOK VALUE AT 31 OECEMBER 2023 10 AT 31 OECEMBER 2022 10 PRINCIPAL SUBSIDIARIES Th8 foltowng was a $ubsKliary undertakiry of Chariiy. Nam• Company number Regl$tor•d office or principal Principal activity placè of business 101 Entarprisg Limited 11069407 SdKwI 360. 5 Sw House Lane. Delivery of London. E15 2QS programmes lo )mmercial partners Class of shares Holdlng Includod In nsolidation Ordinary 100% Yes The financial results of the subsNliary for the Far *we." Name Income Exp•nditure ProflU(Loss) I Surplusl (Deficit) tor the y•ar Nel assets 101 Enterprise Limited 67.941 67.905 Page 25
0$J Envelope ID." 726C2850¢S1146734e4&0gSE84g6A28E INSTITirrE OF IIAAGINATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 12. DEBTORS Gmup 2023 Charity 2023 Charity 2022 2022 DUE WtrHIN ONE YE*R Trade dettss Amounts Lhved by oup undertakings Other deb1015 Prepayments and accrued income 53,723 11.123 95.089 87 202.521 66 19.262 19.360 24.987 19.360 73.169 25.053 125,659 221,849 13. CREDITORS: AMOUNTS FALUNG OUE WtrHIN ONE YEAR Group 2023 Group 2022 Charity 2023 Charity 2022 Trade ueditors Othor taxat and Sal security Other credito Accruals and deferffjd income 80.818 21,085 6.921 61.278 80.818 14.155 30,262 1,973 19260 23.162 1.886 19.260 25.278 170.102 49.402 127.085 Page 26
Docu Envel¢pT D.. 726c285fyC511467>8688464g&428E INSTlnlTE OF IMAGINAMON NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 14. STATEmEp OF FUNDS STATEMENT OF FUNDS - CURRENT YEAR Bala• at 31 D•cember 2023 Balance at 1 January 2023 Kome Expenditure UNRESTRICTED FUNDS lnsb.lule of Imaginab"on 101 Enterprise Limited 310.135 132) 31Q698 67.941 {445.944} (67,906) 180.889 310.103 (513,850) 180.892 RESTRICTED FUNDS Funding for IMaginan Boxes Schods Programme Community Programme$ 113.072 16.750 10.000 170.000 40.000 1123.072) 1186,750) (40.000) 129,822 220,000 (349,8221 TOTAL OF FUNDS 439.925 604.639 (863.672) 180.892 Unrestricted funds are those whrth are available for the 9ra1 puoSe5 of th? Charity al th& discretion of the Trustees. Reslricled fund income relales to dOnat¥Y for the followng aCtiVrt.' The Schools Prr>3ramma Fund SUPFrf)rts in-thol leaming activities The Imaginalion Box Fund supports the pr0dud1 and distribLbtion of achty boxes to children and families The Outreach Programmg Fund that suprtS selected ¢ommunity-basod actsviligs throughout London. Page 27
Dor Envek)w KJ.. 72OC28Y&C511467>868>s£B49&l28E INSTmiTE OF IMAGINATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 310ECEMBER 2023 14 STATEMENT OF FUNDS ICOPITINUED) STATEMENT OF FUNDS . PRIOR YEAR Balancg at 31 December 2022 Balance at 1 January Incom8 Expenditure UNRESTRICTED FUNDS In51ilule of ImaginatK)n 101 Enterprise knmitsd 429.922 5.492 292.305 204.224 (412,092} 1209,748) 310,13S (321 435,414 496,529 (621.840) 310.103 RESTrICTED FUNDS Funding for Imagination Boxes Schools Programme Outreach Programme Local Govemment funded progrwnmes Communjty Programme respcA)ding lo COVID 173.072 16.750 140.074 (60.000) 113.072 16,750 51.550 5.029 {4,920) 1191,624) (5.029) 4.920 51.659 329.896 1251.7331 129.822 TOTAL OF FUNDS 487.073 826.425 1873.5731 439.925 Page 28
DJn En¥eW ID.. T26C285(cS1I467m6B85E815fjm20E INSTrruTE OF IIAAGINATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 15. ANALYSIS OF NEf ASSEfs BETWEEN FUNDS ANALYSIS OF NEf ASSETS BETWEEN FUNDS. CURREpif YEAR Unre¥trictod funds 2023 Total funds 2023 Tangiblg fixed assets Current assels Creditors due wilhin on8 JEar 7.419 230.062 {56.5891 7,419 230.062 (56.589) TOTAL 180.892 180,892 ANALYSIS OF NEf ASSETS BETWEEN FUNOS. PRIOR YEAR unlerICted Restricted funds funds 2022 2022 Total funds 2022 Tangible fixed ats Current assets Creditors due within ygar 9.032 471.173 1170.1021 9,032 6(.595 (170.1021 129.822 TOTAL 310.103 129,822 439,925 Page 29
INSTMJTE OF IMAGINATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 RECONCILIATION OF NET PAOVEMENT FUNDS TO NET CASH FLOW FROM OPERATING ACTIVITIES 16. Group 2023 Group 2022 Net expendiluo for Ihe Year {as per Statement of Finaal Activibe$l 1259.0331 147.14B} ADJUSTMENTS FOR: Depreciation tharges Interest from investmenls Decreasellintrease) in d8bto Decrease c¥editor5 5,458 (4.2341 17,140 (1.029} 128.368 (140.443) NET CASH USED IN OPERATING ACTivmES {419.438) (43,1121 17. ANALYSIS OF CASH AND CASH EQUIVALENTS Group 2023 Group 2022 Cash in hand Notice deposits (les$ Itn 3 months) 155,547 1.346 473.422 102.520 TOTAL CASH CASH EQUIVALENTS 156.893 575,942 18. ANALYSIS OF CHANGES IN DEBT At31 Dècember 2023 January 2023 Cash flows Cash at bank and in haNI $75.942 1419.049) 156.893 575.942 (419.049) 154893 Page 30
Envtfap D.. 726c2&5tsc511467>86894g&A28E INSTITUTE OF IMAGINATION NOTES TO THE FINANC STATEMENTS FOR THE YEAR ENDED 31 DECEIABER 2023 19. PENSION COMMITMENTS The Charity operates defined contr.bun retirement benefit sthemes for all qualifying employees. The total expense charged to the statement of financial activrfies in the year ended 31 December 2023 w88 £17,576 (2022: £14,365). No contributions {2022.. È3.056) were oulstanding at the balance sheet date. 20. OTHER COMMITMENTS As at 31 December 2023, the Company was e4mmitted to P3yThenls of £3.600 (2022.. £9.6001 under license agreement for premises. 21. RELATED PARTY TRANSACTIONS None of Ihe Trust8es any pers(5 connecled them) r1ved any remuneration or reimbursed expenses during the year (2022: Nill. Th&r8 were no other rekqt8d paty transactb)ns. Page 31