Charity Registration No. 1147780
Company Registration No. 80697S6 (England and Walasl
IMAGINE IF TRUST
COMPANY LIMITED BY GUARANTEE
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2020

IMAGINE IF TRUST
COMPANY LIMITED BY GUARANTEE
LEGAL AND ADMINISTRATIVE INFORMATION
Tru5tee$
Mr C Bulland
Mrs Rachel Cole
Mr Thomas Drury (Chairl
Mr John Gibson
Mrs Alison Hughes
Mrs Lisa Orange
Mr James Sloan
(Appointed 2 February 20201
Charlty number
1147780
Company numb•r
8069756
Rgglstargd offico
Frontline Centre
Corner of Lawrenc& & Wellinglon Road
Vvavertree
Liverpool
L15 OHY
Indèp•nd&nt examiner
Peter Taaffe FCA CTA DChA
BVVM
Castle Chambers
43 Castle Street
Liverpool
L2 9SH
Bankers
CAF 8ank
PO 8ox 289
Wesl Malling
Kent
ME19 4TA

IMAGINE IF TRUST
COMPANY LIMITED BY GUARANTEE
CONTENTS
Pag•
Trustees. report
Statement ol Iruslees, re$ptsnsibililie$
Independent examiner's report
Statement of financial activities
9-10
Balance sheet
11
Notes to the accounts
12-24

IMAGINE IF TRUST
COMPANY LIMITED BY GUARANTEE
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT}
FOR THE YEAR ENDED 31 AUGUST 2Q20
The trustees present their report and financial slalemenls for the year ènded 31 August 2020.
The financial statements have been prepared in accordance with the accounting policies Sel out in note 1 10
the financial 513lements and comply with the ¢harity's memorandum and articles ol association, the
Cornpanies Act 2006 and "Accounting and Reporting by Charities. Statement ol Recommended Pr8clice
applicable lo charities preparing their accounts in accordance with the Financial Reporting Slandard
applicable in the UK and Republic of Ireland IFRS 1021. las amended for accounting periods commencing
from 1 January 20181.
Imagine If Tru$l was incorporated in May 2012 as a Private Company Lirniled by Guarantee. which is also a
Registered Charity.
An introduction to Imaging If Trust
Imagine If Trust wa5 launched in September 2012 a5 tho umbrella organisalion for 8 number of social
transformation projects. Most of these projects had previously functioned as part of Frontline Trust. The vision
lo separate these projects out was lo enable them lo gain greater influence and impact with the newfreedom
they would enjoy. The relationship between Imagine If Trust and Frontline Trust remains strong and Fronlline
Trust continue lo be a major supporter ()1 the various projects.
Our vision is lo 'Equip passionate people to Wofk ¢ollaboralively in providing Pfactical and emotional support,.
In this we recognise the priority of wtsrking with people as holistically as possible, either by providing a range
of pioje¢ls under the Imagine If Trust umbrella OT by partnering with other providers.
Vvhile much of our work is focussed on the Liverpool City Region, we also have the privilege of making a
significant contribution lo the lives ol people abroad. To dale this has primarily locussed on our Love Congo
project- working in the Democratic Republic of Congo.
ObJg¢tivas and actlvltl&s
The primary aims of Imagine If Trust are..
The relief of those in need, financial hardship, sickness or distress.
To advance education.
To provide or assist in the provision of lacililie5 in the interests ol social welfare
The trustees confirm that ihey have referred lo the guidance contained in the Charity Commission's general
guidance on PLJblic benefit when reviewin9 the charity'5 aim5 and tsbjeclives and in planning lulure aclivilies.
Objectives reflecting the staled aims above are translated into our core aclivilies. as outlined below.
The relief of those in need, finanual hardship. si¢kness or distress
All of the projects that we undertake look to address this objective. Whether providing food for those in food
poverty or attending a court hearing with one of our tenants through our Genesis Housing projèct, all our
activities have some element of biinging relief to those in di51re5S.
To advance education
We believe in the power of learning both to empower indfviduals and lo bolster their sense of self-e$leem. A
number of our projects contribute lo thi5 Qbjective including Sticky Finge¥s Nursery which provides nursery
education lo children aged 2 10 4, our PSHE work in local schools through our Get Real project and our Love
Congo project 5UPPOrting a school in Demo¢rali¢ Republic of Congo.
To provide or as51sI in th¥ provision of facilities in the interests of social weware
As part ol our desire lo help people out of homelessness we provide sUPPOrted acctsmmodation through our
Genesis Housing project. We currently have properties providing a lotsl of 7 bed spaces in the Wav?rtr8e area
of Liverpool.

IMAGINE IF TRUST
COMPANY LIMITED BY GUARANTEE
TRUSTEES, REPORT ICONTINUED){INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 AUGUST 2Q20
Our partners
Vve wo(sld like lo offer our thanks lo all the org8nisations and individuals who have supported us n our work
this year, including all of our volunteers, donors and sponsors. Everything Imagine 11 Trust has achieved this
year has been reliant on your valuable contributions, in all their various forms. Thank you specifically lo the
following donors..
CAF Bank
Co-op Community Fund
Frontjine Trust
Green PaslLJres
John Moores Foundation
LCVS
Liverpool City Council
Liverpool CCG
Medical Missionary News
PH Holl Foundation
Pret Foundation
Steve Morgan Foundation
Torus Foundation
Achiav8ment3 and pèrformancè
Here is a quick summary of each of the projects..
Sticky Fingers is a parenV¢ar&r and toddler group aimed at providing support lo parents of young children.
These Sessions provide a quality environment lor parent and child.to explore the art ol playing together. We
provide refreshments and loasl for parents and childfen, as well as craft a¢tivities, song lime and a huge
amount of space lo run aroundl
Stick Fin
Sticky Fingers Day Nursery offers an excellent environment for learning and development, for 2, 3 and 4 year
old5. Th¢ Nursery was launched in 2015 with assistance from Liverpool City Council who had identified a
specific need lor nursery provision in the L1 S postcode area. The priority for the nursery is to offer places lo
local parents who qualify lor free nursery provision.
treetwise.
Slreetrwise provides practical and emollonal support to street sex workers including the provision of lea,
coffee, sandwches. loilelries and condoms. This project provides a safe pla¢e for the women lo come and
discuss concerns and fears.
nesi
Genesis Housing offers supported a¢¢ommodation lo those who would otherwise be homeless or in hostel
aGGommodalion. Barrow House, is a four bed men's house which opened in 2015 and Sozo House, is a three
bed women's house and this opened in 2016.
Gel Real provides relevant and informative Sex and Relationship Education {SREI lo help young people make
infomied de¢i5ions. Allendees are given an opportunity lo explore their own perceptions of human
relationships.
Love
Our Love Congo project works alongside partner organisalions in the Democratic Republi¢ of Congo IDRCI,
we provide practical and financial support in a number of areas tr) help bring about change to these people.
The main projects we support are based In the North East of the country where thousands of people have
been displaced due lo the ongoing conflict.

IMAGINE IF TRUST
COMPANY LIMITED BY GUARANTEE
TRUSTEES, REPORT ICONTINUED)IINCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 31 AUGUST 2020
Bab-Flah (Open Ooor in Arabicl is a support service for isolated Muslim women and children, some of whom
are refugees and asylum seekers, offering cultkjrally relevant opportunities lo meet others and gain support.
The project currently engages with up lo 100 women each month.
Just Cheer provides great opportunities for children between the ages 015 and 18 to make friends. learn new
skills and develop their crealivily. INe aim lo leach a variety of cheerleading skills through recreational and
competiiion classes for a var4ely of levels and abilities.
rislmas Meal.
Each year we provide lunch Dn ChrislTllas Day lo those who are lonely, iso18l$d or in poverty. The event has
become a regular feature on the Imagine 11 calendar and we are working closely with local tsrganisalions to
lake r6ferrals and support those who would otherwise be on their own al Christmas.
This year we launched a new initiative in partnership with the national eharty Safe Families for Children.
Family Matters provides intensive volunteer support lo vulnerable families who are referred lo us by social
workers. The Steve Morgan Foundation has agreed lo fund this work for the next five year5.
Linkin
Linking Lives is a belriendlng seN¢e that offer5 companionship lo loriely and isolated older peO￿e in our
community. Our volunteers regularly conlaol individuals for a chal, lo shale in an interest or hobby, or lo help
pracb'cally. Volunteer visits improve the quality of life for isolated older people by increasing opportunities for
engagement in the commLJnily, leading lo improved mental health and increased confidence and sell-esleem.
Financial r•vlew
The Iruslees have reviewed the finanaal status of the Trust. Overall the picture is a positive one bul with a
recognition that the current economi¢ climate is challenging lor all organisalions in the charity sector. In light of
this close Monitoring ol expenditure and cashflow management 15 requ1red.
We faced some operational challenges over the last 12 months, however, with some generous support from
funders. we are confident that this will give us a flrm foundation for the inevitable ¢hallenges that face an
expanding organlsalion in the years lo come.
Looking ahead inlo 2021 and beyond, we conlinue lo be confident in our ability to deliver high quality services
which will enable us lo a¢hieve our prirnary objectives.
Investment pollcy
Ther& are no reslriclion5 on the investment powèrs of the trustees.
Our liquid funds are currently held in vafiOUS bank savings accounts,
Rè8•rvo$ policy
Our reserves poli¢y reflects our desire lo maintain a liquid reserve lo draw on in the event of any reduction in
our donated income and lo provide a measure of protection lo the delivery of our core objectives. We continue
lo aim to have a fund of free and liquid reserves equivalent to al least £30k. Free reserves al the year-end
slood al £72k.The trustees have sel a budget for the accounting year ending 2021 that wll malnlain reserves
in line with the reserves policy.

IMAGINE IF TRUST
COMPANY LIMITED BY GUARANTEE
TRUSTEES, REPORT (CONTINUEDI{INCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 31 AUGUST 2020
Rl$k pollcy
The Iruslees have identified the following main risks lo our organisalion and responses lo these risks are
outlined below.
Health and Safety
A Health and Safely policy has been adopted. Work has been carried out on risk assessments of all existing
and new activities and new risk assessments aTe undertaken as required. Health and Safely induction and
training is prov1ded for all involved in projeol work.
Chlld Protoction & Vulnefablo Adults
Child Prole¢liL)n and Vulnerable Adults Policies are in place. The Trustees lake seriously their responsibility lo
protect and safeguard the welfare of children, young people and vulnerable adults entrusted lo Imagine If's
Care. All those involved Inol just Ihose have access lo children, young people and vulnerable adults) are
briefed on their responsibilities and are made fully aware of the organi5alion's child protection and vulnerable
adults policy and procedures. Those involved in activities where they may have Contact with children, young
people or vulnerable adLJlls are required lo undergo DBS Checks. A Safeguarding Team has been appointed
and meets regularly to ensure that the policy is being implemented and lo ensure that the policy remains both
effective and up lo dale.
Effo¢t$ ol COVID-19
In March 2020 we had lo close many of our projects due to the national lockdown. During the lockdown some
projects continued including..
Foodhub- we supported 40 families with food on a weekly basis representing 82 individuals.
Genesis Hou$ing- We kept up regular ¢ontscl with all our tenants, supporting as much as needed.
Linking Lives- we made weekly ¢alls to 25 isolated elderly service users.
Sticky Fingers Nursery- We delivered regular Zoom ¢alls lo 33 of our families.
We also provided over 60 volunteer sh(>ppers for those referred lo us by Liverpool Cty Council, tolalling 122
households. We maintained ¢onla¢t with a total of 267 different individuals on a weekly basis over Ihe 12
weeks of lockdown representing a total of 3,204 contacts.
During this period we had ID furlough 14 staff members, some were able lo resume their work after risk
assessments were in place and some were unable lo perform their roles for the entirety ol the lo¢kdown
period and remained on fu¥lough. All staff memb&rs relurned to work in full by 1st Sepltsmber 2020.
Flnancial Risks
Guidelines are issued to all on propeT cash handling procedures and are upd8led al least once a year.
Inslru¢lions are issued to avoid making purchases in cash unless it is unavoidable. Internal departnEnlal
procedures have been slandardised. Oepartmenlal records and central accounts are monitored regularfy and
all departmental budget holder5 receive monthly budget perfofmance reports.
Vve receive iegular guidance on financial risks from our accounlanl, the Charity Commission, HMRC and
vafious third sector agencies. This keeps us up to dale with newer areas of risk. Our accountant also advises
us of any specific areas of weakness that may be identified durin9 the annual independent examinats'on, so
that we can tske steps to correct Or protect against them.

IMAGINE IF TRUST
COMPANY LIMITED BY GUARANTEE
TRUSTEES, REPORT (CONTINUED)IINCLUDING DIRECTORS. REPORT
FOR THE YEAR ENDED 31 AUGUST 2020
Plans for the future
Our three key $u¢cess factors for the year ahead are..
1. Stories of changed lives- all our activities are about people and so stories of lives that have been
5UPPOrted lo Change are key to our succe55.
2. Building partnerships- we recognise that supporting people wll often lake a range ol services and so
whether il is strengthening links between piojeGls within the Imagine11 Trust portfolio, or effective
signposting to other agencies, building partnerships is a core requirement.
3. Sustainability- whether il is excellent finandal management, good charity governance, or effective
fundraising, we recogni5e the need lo strengthen sustainability lo ensure that we can continue to
serve in the years ahead.
Structural yovernance and managem&nt
Imagine If Trust is a registered charity and a company limited by guarantee incorporated on 15 May 2012.
Refer&n¢è and adminlstrative d•tall$
Managemènt of Imayine If Trust
The Trustees oversee the legal and financial responsibilities of the Trust. and they meet formally as a board
on a regular basis. The Iruslees also have respon5ibilily for the overall direction and vision of the ¢harity. Day
lo day responsibility for the running of the charity is delegated lo the Chief Exe¢ulive Officer and Ihe
Development Managers, working in conjunction wth the various Project Leadors.
Tru$t••$
The Iruslee5, who are also the directors for the purpose of company law. and who served during the year
were".
Mr C Butland
Mrs Ra¢hel Cole
Mr Thomas Drury (Chairl
Mr John Gibson
Mrs Alison Hughes
Mrs Lisa Orange
Mr James Sloan
IAppoinled 2 Febfuary 20201
None of the Iruslees ha$ any beneficial interest in the company. All of the trustees are members of the
company and guarantee lo contribute £1 in the event of a winding up.
Management Team
James Sloan ICEOI
Jemma Orange IDeveloprrenl Manager)
Helen Ann Alkins (Operations Managerl
Paul 8riers Icommunications Manager)
Jon McGowen IEarly Years Manager)
and the Project Leaders from the various projects.
The remuneration of the key management of the organisation 15 set by the board of Iru51ees.

IMAGINE IF TRUST
COMPANY LIMITED BY GUARANTEE
TRUSTEES. REPORT ICONTINUED){INCLUDING DIRECTORS, REPORT>
FOR THE YEAR ENDED 31 AUGUST 2020
Small company provl$lons
This report has been prepared in accordance wlh the special provisions applicable to companies subjeel to
the small companies regim¢.
On behalf of the board of trustees
Mr Jofin Glbson
Trustee
Dated.. .?..
ZOZI

IMAGINE IF TRUST
COMPANY LIMITED BY GUARANTEE
STATEMENT OF TRUSTEES. RESPONSIBILITIES
FOR THE YEAR ENDED 31 AUGUST 2020
The trustees, who are also the directors of Imagine If Trust for the purpose of company law, are responsible for
preparing the Trustees, Report and the financial stalements in accordan¢ts with applicable law and United
Kingdom Accounting Standards Iuniltrd Kingdom Generally Accepted Accounting Praclicel.
Company Law requires the trustees to prepare financial slalemenls lor each financial year which give a true and
fair view ol the state of affairs of the eharily and ol the in¢cbming resources and application of resources,
including the income and expenditure. of the charitable company for that year.
In prepafing Ihese financial slalemenls. the Iruslee5 are required lo..
select suitable acctsunling policies and then apply them consislenlly.,
observe the methods and principles in the Charili&s SORP.,
make judgements and eslimales that are Teasonable and prudent., and
prepare the financial statemen15 on the going concem basis unless it is inappropriate lo presume that the
harity will continue in operation.
The Iru51ees are responsible for keeping adequate accounting re¢(>rds that disclose wlh reasonable accuracy al
any lime the financial position of the charity and enable them to ensure that the Isnancial statements comply with
the Companies Act 2006. They are also responsible for saleguaiding the assets ol the charity and hence for
taking reasonable steps for the prevention and detection of fraud and other irregularities.

IMAGINE IF TRUST
COMPANY LIMITED BY GUARANTEE
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF IMAGINE IF TRUST
I report lo the trustees on my examination of the accounts of Imagine If Tru51 Ilhe charilyl for the year ended
31 August 2020.
This report is made solely Its the charity's Iruslees, as a body, in accordance with Section 145 of the
Charities Act 2011. My examination has been undertaken so that I might stale to the charity's trustees those
matters l am required lo state to them in an Independent Examine¢s report and for no other purpose. To the
fullest exlenl permilled by law, I do not accept or assume responsibility lo anyone other than the charity and
the charity's Iruslee5 as a body. for my examination. for this report, or for the opinions I have formed.
Rèsponsibilities and basls of report
As the trustees ol the charity land also ils directors for the purposes of company lawl you are responsible
for the preparation of the financial statements in accordance with Ihe requirements of the Companies Act
2006 Ilhe 2008 Act).
Having satisfied myself that the accounts ol the charity are not required to be audited under Part 16 of the
2006 Act and are eligible for independent examinabon, I report in respect of my examination of the charity's
accounts as carried out Ljnder section 145 of the Charities Act 2011 Ithe 2011 Acll. In ¢airying out my
examination I hav& followed the Directions given by the Charrty Commission under section 1451Sllbl of the
2011 Act.
Indapgndent examln$r's statement
Since the charity's gross income exceeded £250,000 your examiner must be a member ol a body listed in
section 145 of the 2011 Act. I confirm that l am qualified lo undertake the examination because l am a
member of the Institute of Chartered Accounlanls in England and Vvales, which is one of the listed bodies.
I have completed my examination. l confirm that no mallers have come lo my attention in connection wlh
the examination giving me cause to believe..
accounting records were not kept in respect of the charity as required by section 386 of the 2006 A¢l',
or
the financial statements do not ac¢ord with those re¢ords', or
the financial slalements do not comply with the accounting requirements of Section 396 of the 2006 Act
other than any requirement that the accoun15 give a true and fair view which is not a maller considered
as part of an indepondent examination". or
the financial statements have not been prepared in accordan￿ with the methods and principles of the
Statement ol Rocommended Pracli¢e for accounting and reporting by charities applicable lo charities
Preparing their accounts In aC￿rdanCe with the Financial Reporting Standard applicable in the UK and
Republic of Ireland {FRS 1021.
I have no ¢gn¢erns and have come across no other matters in connection ¥￿th the examination lo whrh
attention should be drawn in Ihis report in order to enable a proper understanding of the finan¢ial statements
to be reached.
Pgter Taaffo FCA CTA DChA
BWM
Chartered Accounlanls
Castle Chambers
43 Castle Street
Liverpool
L2 9SH
Dated..
IP. L,11

IMAGINE IF TRUST
COMPANY LIMITED BY GUARANTEE
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 AUGUST 2020
Current flnanclal year
Unr9Stricted R&stri¢tgd
funds
funds
2020
2020
Total
Total
2020
2019
Note5
Donations and legacies
Charitable activities
Other trading adivities
Investments
119,549
253,836
119.549
299,542
80,195
278,671
897
60
45,906
81
81
Total Incoma
373.266
45,906
419,172
359,823
Charitable a¢livilies
327,668
41,287
368,953
373,879
Total •xp8nditur8
327,666
41.287
368,953
373,879
Nèt movement In funds
45,600
4.619
50,219
114,0561
Rg¢on¢lllatlon ol fund5
Fund balances at I September 2019
26,186
14,018
40,184
54,240
Fund balan¢es at 31 August 2020
71.766
18,637
90,403
40.184
The stalernenl of financial aclivilies includes all gains and losses recognised in the year.
Atl income and expenditure delive from continuing aclivllies.
The movement in funds detailed above complies wth the requirements lor a stalemenl of changes in equity
under FRS102.
The slalemenl ol financial activities also complies with the requirements lor an incorne and expenditure account
under the Companies Act 2006.

IMAGINE IF TRUST
COMPANY LIMITED BY GUARANTEE
STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED)
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 AUGUST 2020
Prior financlal year
UnTO$trictod Rostricted
fund$
fund5
2019
2019
Total
2019
Notgs
Donations and legacies
Charitable activities
Other trading activities
Investments
80,195
243,376
897
60
80,195
278,671
897
60
35.295
Total incomo
324,528
35,295
359,823
Charitable activities
328,434
45,445
373,879
Total ¥xp&ndituro
328,434
45,445
373,879
Nèt movement in funds
13,9061
110,1501
114,0561
Reconclllatlon of funds
Fund balances at 1 September 2018
30,072
24,168
54,240
Fund balances at 31 August 2019
26,166
14,018
40,184
The slalemenl of financial activities includes all gains and losse5 recognisod in the year.
All income and expènditure derive from continuing activities.
The movement in fvnds detailed above complies wth the requirements for a statement of Changes in equity
under FRS102.
The statement of financial activitie5 also complies with the requirements for an income and expenditure a¢¢ounl
under the Companies Act 2006.
10

IMAGINE IF TRUST
COMPANY LIMITED BY GUARANTEE
BALANCE SHEET
AS AT 31 AUGUST 2020
2020
2019
Notos
Curronl a5set$
Debtors
Cash at bank and in hand
925
93.097
925
42,259
94,022
43,184
Llabilities
Creditors.. amounts fallin9 due s*ilhin one
year
16
13,619}
13,0001
Net current assets
90,403
40,184
Total nèt assots
90,403
40.184
Tho funds of the Charlty
R&stricted funds
Unre51ri¢led funds
18,637
71,766
14,018
26,166
Total charity fund$
90,403
40,184
The company is enlilled lo the exemption Irtsm the audit requirement ¢onlained in section 477 of Ihe Cornpanies
Act 2006. for the year ended 31 August 2020.
The trustees acknO￿edge their responsibilities for ensuring that the charity keeps accounting records which
comply with seetiDn 386 of the Ael and lor preparing financial stalemenls which give a true and fair view ol the
stale of affairs of the company as al the end of the financial year and of ils incoming re50urce5 and application ol
resources, including its income and expenditure, for the linan¢ial year in accordance ￿th the requirements of
sections 394 and 395 and which otherwise comply ￿th the requirements of the Companies Act 2006 rfrlaling lo
financial slalemenls, so far as applicable lo the company.
The membors have not required the company lo obtain an audit of its financial slalemenls for the yeaT in
Question in accordance with section 478.
These financial slalemenls have been prepared in accordance with the provisions applicable to companies
subjed to the small companies regime.
The financial stslemenls were approved by the Trustees on .
Zs IDzi
hn Gibson
Tru5tse
Company Regi$tratlon No. 8069756

IMAGINE IF TRUST
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2020
Accounting polici8s
Charity inforniation
Imagine If Trust is a private company limited by guarantee in¢orporaled in England and Wales. The
registered office is Fronuine Cenlre, Corner of Lawrence & Wellington Road. Wavertree, Liverpool, L15
OHY.
1.1 Accounting conventlon
The accounts have been prepared in accordance with the charity'5 Memorandum and Articles of
Association.
the Companies Act 2006 and AG¢ounting and Reporting by Charities.. S131ement ol
Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. las amended for accounti
periods commencing from 1 January 2016). The charity is a Public Benefit Entity as defined by FRS 102.
The accounts are prepared in sterlin9, which 15 the fun¢tional currency of the charity. Monetary amounts in
these financial statements are rounded lo the nearest £.
The Charity has taken advantage of the provisions in the SORP for Charities applying FRS 102 Update
8ulletin 1 not lo prepare a Statement of Cash Flows.
The accounts have been prepared under the hislorical cost ¢onvention. The princlpal accounting policies
adopted are set out below.
1.2 Golny concern
Al the lime of approving the accounts and as deiailed in the Trustees, report, the Trustees have considered
the impact ol Covid-19 on the charity and the Tiuslees have a reason8ble expectation that the charity has
adequate resource5 to conlinue in operational existence for the foreseeable future. Thus, the Trustees
Continue lo adopt the 'going concern, basis ol accounting in preparing the accourils.
1.3 Charltablo fund$
Funds held by the charity are..
Unreslricled g$ftp&rèl lunds- these are lunds which ean be used in accordance with the charitable objects
al the di5¢retion of the Iruslees,
Reslncled fLinds- these are funds that ¢an only be used lor particular restricted purposes wthin the
objects ol the ¢harily. Reslriclion5 arise when specified by the donor or when funds are raised for particular
reslricled purposes. Further explanation of the nature and purpose of each fund is included in the notes lo
the accounts.
12-

IMAGINE IF TRUST
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI
FOR THE YEAR ENDED 31 AUGUST 2020
Accountlng policies
Iconlinuedl
1.4 Incomè
Donation and legacy in¢ome is recognised where there is enlillement, ¢ertainty of receipt and the amount
can be measured with sufficient reliability. Such income is only deferred when the donor has imposed
conditions which must be mel befor¢ the charity ha5 ijncondilional enlillement.
Investment in¢ome is recognised on a receivable basis.
Income from charitable activities include5 in¢ome received under Contract or where enfy'llemenl lo grant
funding is 5ubje¢l lo specific perfomance condition5 is recognised as earned las the related goods or
services are provided). Grant in¢ome included in this category provides funding lo support perfomiance
activities and is recognised where there is entitlement, certainly of receipt and the amount can be
measured with sufficient reliability.
On occasions where the charity received assistance in the form ol donated goods and lacilrties, and the
benefil is qu8nlifiable and material, an appropriate amount is included in income and an equivalent amount
as expenditure under the relevant heading. The value of services provided by volunteers has not been
included in these accounts.
Income from donated seNi¢es and facilities is ineluded in income al a valuation which is an estimate of the
financial cost bome by the donor where such a c051 is quanliliable and measurable. No income is
reco9nised when there is no financial Cost bome by a third party.
1.5 Expgnditure
All expendilure is accounted lor on an a¢cru31s basis and hay been classified under headings that
aggregate all wsts related lo the category. The irrecoverable element of VAT is included with the item of
expenses lo which it relates as this cannot be recovered by the charitable company.
Raising funds compiises those costs incurred by the charity in the delivery ol fundraising events.
Charitable aGlivilies comprises those costs incurred by the charity in the delivery of its activities and
service¥ lor ils beneficiaries. Also included is Governance costs which are associated with meeting the
consliluhonal and slalulory requirements of the charity.
1.6 Tangible flxad assets
Tangible fixed assets are measured al cost and, nel of depreciatson and any impairment losses. All assets
C051ing more than £1,000 are capilalised al cost.
Depreciation is provided at rates calculated lo write off the Cost less eslimaled residual value of each asset
over ils expected useful life, as follows..
Fixtures, fittings & equipment
Computers
Motor vehicles
330A p.a. on a straight line basis
33'k p.a. on a straight line ba51S
25Yo p.a. on a straight line basis
1.7 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-lerm liquld
inveslmenls with original malurilies ol three months or less, and bank overdrafts.
13-

IMAGINE IF TRUST
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2Q20
A¢counting poli¢lès
(Continued)
1.8 Financial instrumgntS
The charity has elected to apply the provisions of Section 11 'Basi¢ Financial Inslrumenls, and Sectton 12
'Olher Financial Instruments Issues, of FRS 102 to all of ils financial inslrumenls.
Financial instruments ale recognised in the charity's balance sheet when the charity be￿MeS party lo the
contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presenled in Ihe financial statemen15, when
there is a legally enforceable right lo sel off the recognised amounts and there is an intention lo settle on a
nel basis or lo r8alise the asset and settle the liability simultaneously.
Ba$lc financial assets
Basic financial assets, which include debtors and cash and bank balances, are Initially measured at
Iransadion price including transaction Costs and are subsequently carried al amortised cost using the
effe¢ty've interest method unless the arrangement conslilutes a financing transaction, where the transaction
is measufed al the present value ol the future receipts discounted al a market rale of interest. Financial
assets classified as re¢eivable wlhin one year are not amortised.
Basic flnanclal liabllltles
Bas￿¢ financial liabilities. including creditors and bank loans are initially recognised al Iiansaclion price
unless the arrangement conslilutes a financing transaction, where the debt instrument is measured al the
present value of the future paymen15 discounted al a market rale of intere51. Financial liabilities ¢lassilied
as payable within one year are ntrl amortised.
Debt instrumen15 are subsequently ¢8rried at amortised cost, using the effective interest rale method.
Trade creditors are obli9alions lo pay foi good$ or setvices that have been acquired in the ordinary course
of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within
one year or less. If not, they are presented as non-¢urrent liabilities. Trade creditors are recognised initially
al transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognillon of financlal liabilities
Finan¢ial liabilities are derecognised when the charity's eonlractual obligations expire or are dis¢harged or
cancelled.
1.9 Employee bengfits
The cost of any unused holiday enlillemenl 15 recognised in the period in which the employee's service8
are received.
Termination benefits are recognised immedial&ly as an expense when the charity is demonstrably
commilled lo lerminale the employrnent of an employee or lo provide lerminalion benefits.
1.10 Leases
Rentals payable under operating leases, including any lease incentives recaived, are charged as an
expense on a straight line basis over Ihe term of the relevanl lease.
1.11 Taxation
The charity benefits from various exemptions from taxation afforded by tax legislalbon and is not liable lo
ccirporalitsn tax on income or gains falling within those exemptions. Recovery is made of lax dedu¢led from
qualifying income and from receipts under Gift Aid, The charity is not able to recover Value Added Tax.
Expenditure is recorded in the accoun15 inclusive ol VAT.
14

IMAGINE IF TRUST
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED
FOR THE YEAR ENDED 31 AUGUST 2020
Crltical accounting estimates and judgements
In the application ol the charity's accounting policies, the Irusttres are required lo make judgements,
estimates and assumptions about the carrying amount of assets and liabi5ilie$ that are not readily apparent
from other sources. The estimates and associated assumptions are based on historical exp&rience and
other factors that are Considered to be relevant. Actual resu115 may differ from these estimates.
The eslimatos and underlying assumptions are reviewed on an ongoing basis. Revisions lo accounting
estimates are recognised in the period in which the estimate is revised where the revision affects only that
period, OT in the period of the revision and future periods where the rev1sion affects both current and future
periods.
Donations and l¢gacles
Unrestrl¢tsd Unreslricled
funds
funds
2020
2019
Donations anLI gifts
Core grants
33,638
85,911
36.845
43.350
119,549
80,195
Grants receivable for ¢or6 activities
Coronavirus Job Retention Scheme Grant
Frontline Trust
41,407
44,504
43,350
85,911
43,350
15-

IMAGINE IF TRUST
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2020
Charitabl• activities
The ralief of
hardship and
advan¢emant
of aducation
The relief of
hardship and
advancement of
education
2020
2019
Performance related grants
Charitable income
94,387
205,155
60,782
217,889
299,542
278,671
Analysis by fund
Unreslricled funds
Reslricled funds
253.636
45,906
243,376
35,295
299.542
278.671
Pèrformancg rèlated grants
Seedbed Christian Community
Morgan Foundation
New Hope
Medical Missionary News
Othe¥
10.000
884
10,417
12,382
12,500
59.088
17.000
32,898
94,387
60,782
Othor trading actlvltlgs
Total Unreslri¢led
funds
2020
2019
Fundraising events
897
16

IMAGINE IF TRUST
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2020
Investments
Unrastricted Unreslricled
funds
ftjnds
2020
2019
Interest receivable
81
60
Charilabla activitSes
2020
2019
The r•ll¥f of hardship and tha advancem¥nt of aducalion
Staff ¢osls
Depreciation
Premises expenses
Repairs and renewals
Motor and travel
Legal and professional
Course and conference expenses
Office expenses
Food, drink and other purchase5
Sundry expenses
216,144
203,053
2,190
39,712
17,145
9.066
3,764
7,798
9,614
30,653
9,613
43,990
12,667
5,443
6,899
2.977
6,066
29,829
4,130
328,145
332,608
Granl funding of a¢livilies (see note 8)
Share of governance costs (see note 10}
39,428
1,380
39,921
1.350
368,953
373,879
Analysis by fund
Unrestricled funds
Reslricled funds
327,666
41,287
368,953
For the year end¥d 31 August 2019
Unrestricted funds
Re51ricled funds
328.434
45.445
373,879
17

IMAGINE IF TRUST
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2020
Grants payabl
2020
2019
Th8 rolief of hardship and th• advancement of educatlon
Grants lo inslilulion$'.
CRS Church DRC
Watchmen Internalitsnal
Liverpool Foodbanks
Green Pastures
Open Vvell
37,240
1,650
23,886
1,800
9,000
250
200
39,090
338
34,936
4,985
Grants lo individuals
39.428
39,921
Funds r&c&lv8d for distributlon
In the previous year, the charity acted as a distributor lor a grant issued lo specifi¢ individuals on behalf of
Liverpo¢>l Calalysl.
The charity re￿iVed a lolal of £2,000 in the year ended 31 August 2019 and all funds were distributed to
the Intended recipient IToxtelh Women's Centrel before the year end, ￿SuItIng in a balance ol £nil as at 31
August 2019. The amounts received and distributed are not included in the Slalemenl Of Financial
Aclivilies.
10 Supportcosts
Support Govomance
costs
costs
2020
Support Goveman¢e
costs
costs
2019
Independent
examination fee3
1,380
1,380
1,350
1.350
1.380
1,380
1,350
1,350
Analysed be￿een
Charitable activities
1,380
1,380
1.350
1,350
Governance ¢081s have been reallocated to ¢haritable aclivilies. They include payments lo the
independent examiner of £1.380 12019- £1,35Ql for independent examination fees and ¢hari¢able
expènditure includes £1,98012019- £2,040) lor accountancy and other services.
11 Trust•gs
One trustee and ￿ persons connected to a trustee12019 one Iruslee and persons connected with a
Irusleel received remuneration during the year. No trustee5 were reimbursed èxpenses during the period
(2019- £nill.
18.

IMAGINE IF TRUST
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2Q20
12 Employ••s
Numbgr of ernployaas
The average monthly number of employees during the year was..
2020
Number
2019
Numbar
Charitable
19
Employment costs
2020
2019
Wages and salaries
Social security ¢osts
Other pension c0515
205.475
5,222
5,447
193,118
5,152
4.783
216,144
203,053
Included in wages and salaries are redundancy and ex gralia payments totalling £2.26412019.' £nill.
There were no employees whose annual remuneration was £60.000 or more.
13 Tangible fixed assèts
Fixtures, Computers
fittings &
equlpm6nt
Motor
vehicles
Totsl
Cost
Al 1 September 2019
2,500
2,892
8,760
14.152
Al 31 August 2020
2,500
2,892
8,760
14,152
Depreciation
Al 1 September 2019
2,500
2,892
8,760
14,152
Al 31 August 2020
2,500
2,892
8,760
14,152
Carrying amount
Al 31 August 2020
Al 31 August 2019
19-

IMAGINE IF TRUST
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2020
14 Financi41 Instruments
2020
2019
Carrying amount of financlal asset5
Debt instruments measured al cost
94,023
43.184
Carrying amount of financial Ilabllltl&s
Measured al oosl
3,619
3.000
15 Debtors
2020
2019
Amounts falling dug within one year.
Trade debtors
925
925
16 Creditors- amounts falling dug Withln ono yoar
2020
2019
Trade creditors
Accruals
260
3,359
3.000
3,619
3,000
17 Retlremènt h•￿rit schemes
D8fin•d contribution schemes
The charity operate5 a defined contribution pension scheme for all qualifying employees. The assets of the
scheme are held separately from those tsf the charity in an independently administered fund.
The charge lo the slalement ol financial activities in respect of defined contribution schemes was £5,447
12019- £4,783).
18 Operatlng lease commitments
Al the reporting end dale the charity had oulslanding ¢ommrtmenls for future minimum lease payments
under non-cancellable operating leases, which fall due as follows..
2020
2019
Wlhin one year
Between twts and five years
19,953
12,688
19,953
32,641
32,641
52,594
-20-

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Jo

IMAGINE IF TRUST
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED
FOR THE YEAR ENDED 31 AUGUST 2020
20 Analysis of nat ass8ts bgtween funds
Unrestricted Restricted
funds
funds
2020
2020
Total Unreslricled R¢slricled
funds
funds
2019
2019
Total
2020
2019
Fund balances al
31 August 2020
are represented
by..
Current assetsl
71,766
18,S37
90,403
26,166
14,018
40,184
71,766
18,637
90,403
26,166
14,018
40,184
21 Related party transactions
Rèmuneration of kèy management per50nn81
The remuneration of key management personnel is as follows.
2020
2019
Aggregate compensation
28,916
28,688
During the year the ctsmpany entered into the following transactions with related parties..
Frontline Trust is an independent charitable company. During the year Frontline TTUSI has assisted Imagine
If Trust by providing grants.
John Gibson is a trustee ol Imagine If Trust and his wfe and daughter were employed by the charity.
Lisa Orange Is a trustee of Imagine1f Trust and her sister.in4aw is employed by the charity.
James Sk)an is a trustee and the GEO of the charily. James Sloan is employed as CEO of the charity. He
15 also a trustee of New Hope Trust who are partnering wlh Im8gine11 Trust in developing a medical c¢ntre
In the DRC. Imagine if Trust provided grants (see note 81.
Four trustees donated a lolal of £655 during the year.
There were no r)ther related party transactions in the year.
22 Company Ilmltéd by guarantee
lrnagine If Trust is incorporated under the Companies Act as a Company limited by guarantee. The liability
of the members is limited lo £1.
23-

IMAGINE IF TRUST
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2020
23 Event5 aftèr tha r•porting datè
Since the reporting date there has been a second and now third national lockdown initiated lo stem the
spread ol the coronaviru5 pandemic. The organisalion has largely continued lo operate during these
lockdowns, having risk assessed each project and taken the necessary Steps lo ensure the Safety of 51aff
and service users. Most ol the staff are able to provide support remotely. Key projects sueh as Food Hub
and Food Bank have continued to operate out of the Frontline Centre bul in line with safety measures.
Having reviewed these measures we believe they continue lo be the best approach al this ts"me. This
situation will ¢ontinue to be monitored over the coming months.
24-

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