Ocajsiw En¥elcy8 ID.. 726c28504511467s86B8￿OSE849￿QeE
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
c￿1Pm￿lEs HOUSE

Docu$HJn En￿1¢￿8 i)". 728C285fyc51146734￿DBSE84s6A28E
sT￿￿E OF I￿A￿NAmON
copirENTS
Legal and admln5stratlvo Informallon
Trustees. Report
Independent Examln•rfs R•port
Con$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&￿o4g6￿28E
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 nurn￿r
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 E￿rthY & m￿re
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 a￿1 Ihe abilty to adapt and thrlve in a rapidly
changing world.
The Twstees have paid due reg¥d to th8 public benefft guid•)c4 publis1￿d 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 a￿8$ of disadvantsge in Engk4nd to follow.
Roffl•¢ting on 2023: A Year ofTransfom)th Impa¢1 at the I￿111￿1• 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$. At ioi, we ￿£09n1Ze thal meaninglul change
begins by unlocking imagination. Unfortunaldy. this vilal spark remains domant in many chtldren, limiting their
ability to envision a bn'ghter futu￿. This leaves them vulnerable to long-temi unemployrn8nl antl diminish9d lrfe
prospects. wilh untapped F¥)lential leading lo lost opportunrtss.
ThrcNJgh our diverse programs and activibes. ignite Ihe imaginalims of chiklren from underserved and
underrepresented o)mmunilies. These transformalNe leaming experiences empower them to shape their
futures. A standout examFde is a yowvJ boy named Mason.
Five yeais after his first encounter ￿th ioi. Mason retumed this year to pathpate in our in-person pr￿JraM, My
Big Idea. He sharad with us." 'School taught me the basrcs. but the Institute of Imagrn8tion helped me understand
the future." Our eaty intervention emp(wered hirn to s￿￿ed - eaming a s¢hoiarship to a top secondary
school and ea$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$forni Ibves.
Mason's story is just one of many. In 2023, we readwl 32,0￿ chikI￿n from urKleT5erved and underrepresentsd
communities, delivering SCala￿e programs with laskn"ThJ impacL Our evKl9nc￿boSed apwoach underScc￿S our
commitment lo measurable out￿me5 and meaningful change.
Rea¢hing Morn Through Innovatlve Programs
Our STEAM Live ¢UfricJJlum-enrichmenl program wched over 200 schcds, ￿1h children participating
26,490 times through digilally broadcasted w(Kkshops. Imptrtsntty, these sessions also Énduded 1.658 teacher-
training interact￿n$, 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 Disa￿111￿5 (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, high1￿hting the importance of crealivty and
imagination. This research has already inspirèd ant1 supForted other organizations in enh8nLing edUcat￿n81
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 lnitka￿ve and are ea9er to scale its impact
in th8 c¢Kming years.
Our $tructur•. g¢)vwnanu and manag•mnt
Th8 Charity is a company limited by guarantee Wit￿ share caimlal and is 9ovgm8d by ils memorandum and
articles of associatton. The Charity owns the enti￿ share capital of101 Enterprise Limited. the principal aclivity of
which 15 the delivery of commercval programmes thal uftimately benefit the charity financAally and ￿p￿￿tIonallY.
The Trustees who seNed dUrY￿ the ￿8T and at the date of ￿ning. ¥4We:
Lady A Shaw-scott Adjaye (res￿rted 22 March 20Y3)
8 J D8meroulis
M Dorion
T Gilbert
A Greenberg
Or L Guyton (resigned 22 March 20231
B Koby
C Metcawe
S Solomey
C Tavemier
D Uehlein
L Watson (resigned 31 December 2023)
None of Trustees has any benefioal interest n the cxjnpany. Al of the Trustees are mombers of the
company and guarantee to contsibuts £1 in the event of a Winding up.
New Twstees are apw)inted with a vièw to maintaining an apprcyiate balan￿ of skills and experience.
Appointments of Trustees are reviewed by a senior sutrtrcommiltee of the Board together with members of
Management and Leadership and r￿ffj￿ by the Board of Trustees. Trustees hold offic& for a fixed term of 3
yeats and one third of Trustees are conS￿ered for reappcintrnent at annually. All Trustees r￿e1ve information
about their responsibilibes as a part of their induction. Trairun9 is provided to 8xisting Trustoes as and when the
need arises.
The Chartrfs approach to fundraising is to wort( our Trnstees and existing supporters to identify new
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DooJ$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$ t**ll as generating income from events. Wè seek to buihl loThJ-term
relat￿nshIpS 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 reC￿n￿ed slandar(ts.
The Trustees have pawj du8 rowd io Ihg benefft guidance published by the Charity Commtssion.
Day lo day management rgsponwbilit*s in 2023 We￿ carriwj out by Ihe CEO and other key managemenl
pefsonnol in the Director group. who are rewarded at rntes ￿Mpetit￿Ve for the se¢tor.
Levels of delegated authority. from Trustees to management have been detrI￿d in the Finanaal Polioes and
Proce¢lures docurn8nL Commitm8nt levels have been set 88 folkxs..
Over £100.000 by the Boa￿1 of TNstees
£25.001 10 £100,000 by a Tru51ee who 15 a rn￿nber of the FNnce and Advancerr*nl {FACI Committee
£1,000 10 £25,000 by the CEO
Under £1.000 by a Head of Oeparlment
Th8 authLMty Imils were re￿eWed by the Finance and AdV￿cement 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) ac￿￿nc6 the Charitss Aci 2011. the Companies Act
2006, the Memorandum and Articles of Associabon, and AccoLJnting arKI Re￿￿kn9 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¢l￿1 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 lOn￿te￿ effect on both programming and
fundraising. ReputsI￿n81 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 I0￿r income scenarios. the TnJstees have determined that expenditure coukl b8 p)sty￿ned or cancelled
thoul peTman8nt delriment to the orgaris8tion's a￿lIty lo meet its Charitab￿ wr￿￿e.
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 betr￿en
£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 Signif￿nt 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¢n￿nI 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¢rSrf￿atI0n. 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 S￿nthe8nt 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 reaS￿at)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 po￿tsIe because ol ￿ extraordinary team, Trustees. donor5. partners. and suP￿rters. 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 ltr￿e who arg impacted by our work.
we would like to thank our generous supwter5.
Trustses. r•sponslbilill•s statem
Th& Trustees are respon￿ble 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 I￿land. 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
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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 pres￿8 that the
company will continue in bl￿￿$.
The Trusleas are responsitAè for keeping adequat8 accounting re￿IdS that are SLrffiaent to show and explain
the CoMpan￿S 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 reSp￿sIble for safeguarding the assets of the wnpany and tr*nc8 for tsking reasonable steps for the
prevention and detection of fraud and other ir￿Ularl110$.
Th8 Trustses are responsible for the mainlenanc8 and integrity of the corporate and finars¢ial infomialion
included on tho companvs ￿b$ll￿. Legislation in thg united Kirylom goveming the preparalion and
di￿Omination of financial Stste￿nts may drffer from legislat￿ in olher jurisdiclions.
Approved by order of Ihe membets of the board of Trustees and s*Jned on treir tthaif by.
B J Dem•rouiis
Chair
Dale..
27 Seplemter 2024
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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 act￿nts 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 pa￿nI Charity {and its director5 for the purposes of company lawl sou are ￿pOnSIble for
Ihe preparatK)n of the I￿s011d8tel1 8¢counls of the Group ￿ ac¢ord8nce the requirements of the
Companies Act 2006 llhe 2006 ACYI and have chosen to propare ConwI￿ated 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 I￿1&pandent examination.
Having salisf*d 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 p￿sent 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 aCC￿nts do not accord wth U)ose retx*ds'. 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 p￿paring 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 finan￿al remew wthin the Trustees.
Report and accounts'ng policy 2.2.
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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 fUl￿st extent pemiitted by bw, I do not accept or assume ￿$1￿sIbIlity 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 A￿UntantS
Salisbury House
Station Road
Cambrid9e
CB12LA
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0￿us￿￿ 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>e6BM￿Sea4￿2OE
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 sL￿ernents.
The financi￿ statements have tjeen prepared in accordance wilh the provk8￿n$ 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￿ En￿1￿0 rl.. 726C2&5LkC511467>8￿DS5E045&￿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¢kr￿ledge their responsibl￿￿eS for comptying the rgquirements of tho Act wilh r8spect to
accounting records and Preparation of finanaal slalements.
Th8 finanrAal statèments have been prepared n acc￿dance the provi$#)ns apPI￿ati1e lo entilies subject to
the small companies regime.
Page 12

INsT￿UTE 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 EnvI￿pe ID.. 728C285W11467&868&l)85E84￿8E
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 r￿e0 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&D85É849￿8E
INSnTUTE OF IMAGINATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEPIBER 2023
GENERAL INFORMATION
Institute of Imagination is a Charity inco￿Orated in th8 United KIngd￿n 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 ac￿rdance Mtylh the Ch8ritw SORP IFRS 1021-
Accounting and Reporting by Charths.. Statement of Recommended Praclice applicable lo charities
p￿paring 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 re￿gnised at historical cosl or tr￿Cl10n ¥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$d￿ated on a line by lin8 basis.
The Charity has taken a(fvantago of th8 exemption allowed under sectk)n 408 01 the Companies Act
2006 and has N>t presentad its own Ststemgnt of Financiat Acti¥iti8s in these financial stalements.
2.2 GOING CONCERN
The Trustees have rewewed forecasts induding ca$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
add￿￿81 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 re￿1Ve0 in advance for S￿¢ifiC conditions lo be
meL
Donated seryices are induded at tt￿r 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 norn￿1￿ up)n notification of the inleresl paid or payable by the institution
th whom Ihg funds are dO￿lted.
Grants are feccwised in incom8 bas•J on man8gemenVs jijdgw￿nI rogarding en11￿Ment,
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. T￿lty 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>rovisiC￿s 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 Inltymat￿n Tequired for pU￿1C 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 re￿JnitIOn, 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 cOTrdrt￿n 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% Stra￿h141n9
50% stra￿ht4in9
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 ar￿Unt pr8paid nal of any trade discounts duo.
2.8 CASH AT BANK AND IN HAND
Cash at bank and in hand Y￿ludeS 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". 726C2851￿1146734w￿$SE849&A28E
INSTITUTE OF IMAGINATION
NOTES TO THE FINA14CIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
ACCOUNTING POLICIES ICONTINUEDI
2.9 LiABILmES AND PROVISK)NS
Liabilities pAe r8cognised wthen there i8.an obligabon at the Balance Shget dat& as a result of a past
evant, il is probable that a transfer of economic benefft wll be reqUi￿d in setUem8nt, and tho amount
of tha settlement Can be estim*ed rdiatty.
Liabilities are recc*3nised at the amount that the Charity ant￿pat&S rt wll pay lo settle the d8bl or the
amount it has receNed as advanced payments for the or servi￿¥ it must provide.
2.10 FINANCIAL INSTRUMENTS
The Group onty ha5 financial assets and finan¢ial lknibilit*5 of a kind that qualfy as basic financial
instruments. Basic financial instruments are initially recognised at transaction value and subsequently
measured at their settlement value the exception of bank loans which are Subsequently
measured at amorti5ed cost using the elTective interest ffle￿￿)d.
2.11 OPERATING LE￿￿E5
Expendilure i)n operatiThJ leases is accounted for on a straight4ine ba￿S over the lile of a lease.
2.12 PENSIONS
The Group oper8t8s a defined contributK)n pension scheme and the pensKm charge represents th8
amounts payablè by the Group to the fund in respect of the year. Drfferencès bafv￿n contributions
payable in the year C￿tn'blrt￿s a(lU￿tY pamj are shown as wther accruals or prepayments in
the Balance Sheet.
2.13 FUND ACCOUNTING
Gener81 fuTrJs a￿ urt￿$tr￿d 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 t￿1clOS. which are described in note 1. the Trustees are
required to make judgements. estimates and assumplh)ns about the ca￿￿n9 amounts of assets and
liabilits.es that are r￿t readily apparent from other sources. The eslimales and associated assumptions are
based on historical experience and other I￿￿1$ Ihat are cnnshJered to be relevanL Actual results may
differ from these estimates.
The estimates and undetyng assumpt￿n9 are rewewtd on an orrfwing basis. Rèwsions to accountin9
estimates are ￿¢l￿3n1sed 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 orywnisa1￿n. TP*re 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(liv￿e5 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 ￿.. 726￿285￿C$11467m￿I85Ea496A2oE
INSTmrrE OF IPAAGINAnON
NOTES TO THE HNANCIAL STATEME*￿s
FOR THE YE*R ENDED 310ECEMBER 2023
ANALYSIS OF EXPENDITURE BY ACTMTIES
undertaken
dire¢
2023
Support
Costs
2023
Total
funds
2023
Totsl
fvnds
2022
Management and govemance
Marketing and PR
Expari8nc8 and leaming
93.838
54.459
124.743
77,S17
218.581
131.976
301548
283.068
116,326
267,343
4SO,845
202.260
653.105
666.737
TOTAL 20r2
393.446
273.291
666,737
ANALYSIS OF DIRECT COSTS
•nd
Leaming
2023
Total
lund$
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 sUpp￿t 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 se￿rity rAysts
Contribution to defined contributb)n pen$K
schemes
602.708
488.243
47.491
602,708
62.463
488.243
47.491
17.576
14,365
17.F16
14,365
682,747
550,099
682.747
550,099
Thè averagè n￿rn￿r of [ersO￿ onw0￿1 by Ihe Charity during the ￿ar was as follows:
Group
2023
No.
G￿p
2022
No.
Charity
2023
No.
Charity
2022
No.
Management
Supwrt
15
12
15
12
The number of emknes whose employee be￿ts lexduding empw pen$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 C￿neCted with them) re￿i¥8d rgmun8ration or re1Mbu￿od
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)ntri￿￿onSI during Jear was £187.335 (2022: £220.8641.
Koy managemgnt perst￿ne1 are remunerated at market Tate.
Pag8 22

Dr*uslgn En¥ekJp8 ID.. 726c28￿c51l-46yM68￿B49&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: 728c285r￿￿1l467M￿￿9&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 S￿al 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>86884￿64g&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 IMagina￿n 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 9￿￿ra1 pu￿oSe5 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 ach￿ty boxes to children and
families
The Outreach Programmg Fund that sup￿rtS 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

D￿￿Jn En¥eW ID.. T26C285(￿cS1I467m6B￿85E815fjm20E
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
unle￿rICted Restricted
funds
funds
2022
2022
Total
funds
2022
Tangible fixed a￿ts
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 Fina￿al Activibe$l
1259.0331
147.14B}
ADJUSTMENTS FOR:
Depreciation tharges
Interest from investmenls
Decreasellintrease) in d8bto
Decrease ￿ c¥editor5
5,458
(4.2341
17,140
(1.029}
128.368
(140.443)
NET CASH USED IN OPERATING ACTivmES
{419.438)
(43,1121
17. ANALYSIS OF CASH AND CASH EQUIVALENTS
Group
2023
Group
2022
Cash in hand
Notice deposits (les$ It￿n 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>868￿￿94g&A28E
INSTITUTE OF IMAGINATION
NOTES TO THE FINANC￿ STATEMENTS
FOR THE YEAR ENDED 31 DECEIABER 2023
19. PENSION COMMITMENTS
The Charity operates defined contr.bu￿n 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) r￿1ved any remuneration or reimbursed
expenses during the year (2022: Nill.
Th&r8 were no other rekqt8d paty transactb)ns.
Page 31