Charlty Règlstratlon No. 1147780
Company Registration No. 8069756 (England and Walèg)
IMAGINE IF TRUST
COMPANY LIMITED BY GUARANTEE
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2021
imagine if
trust.org

IMAGINE IF TRUST
COMPANY LIMITED BY GUARANTEE
LEGAL AND ADMINISTRATIVE INFORMATION
Trusts
Mr Christopher Bvtland
MrThoma5 Drury Ichairl
Mr John Gibson
Mrs Lisa Orangè
Mr James Sloan
Charity number
1147780
Company number
8069756
R8gistsred offieè
FrOn￿lne Centre
147 Lawrence Road
Liverpool
L153HA
Independent examln•r
PeterT8a￿ FCA CTA DChA
BVW
Suite 5.1
12 TithebBm Street
Liverp¢K)I
L2 2DT
Bankers
CAF Bank
PO Box 289
Wesl Malling
Kenl
ME194TA

IMAGINE IF TRUST
COMPANY LIMITED BY GUARANTEE
CONTENTS
Pagp
Trustees. report
statement of trustees, r•sponsibililie$
Independent èxaminefs re￿￿rt
Slalemenl of ffinanclal activit16$
9.10
B￿ance sh&&t
11
Nolas lo the accounts
12-24

IMAGINE IF TRUST
COMPANY LIMITED BY GUARANTEE
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 AUGUST 2021
The truste88 present Ihetr repKJrt and financial statem6nls for th8 yèar en¢Jed 31 August 2021.
The financtal statements have been prepared in accordance with Ihe accounting palirAes set out in note 1 to
lh8 finan£ial statements and cnmply wilh the chariiy's memorandum and artides of association. Ihe
Companiès Ad 2006 and 'Accounling and Reporting by Charities.. Statement of Recommended Practice
8pplicable to charities preparing their accounts in accordanca with the Financial Reporting Standard
applicable In thè UK and Rèpublic of Ireland IFRS 102) {effechve 1 January 2019)"
Imagine If Tfust was incorporatad In May 2012 as a Private Company Limited by Gu8rantee, which is a150 a
Registered Charity.
An Introductlon to Imaglne If Trust
Imagine 11 Trust was launched in September 2012 as the umlxella Organisation for a n￿mber of social
transfomiation projects. Mosl of these projects had previously functioned as part ol Frontline Trust. The vision
to separate these projects out was lo 8nable them to gain grealar intlu8nce and impact thè nèw fr8edom
they would enjoy. The relationship bètween Smagine If Trust and Frontline Trus1 remains strong artd Fronuine
Trust continue to be a major support&r of the various projects.
Our vision lo'Equip passionate people to WOTk Collaboratively In providing practical and emotional support..
In Ihis we recognise the priority ol wojl(ing wth p8op18 as holistically as possible. either by providing a range
of proj8cts undgr the Imagine If Trust LFmbrell8 or ty p8rtnering with other providers.
hile much of our WOTk is focussed on Ihe LivertK)ol City Region, we also have the privilege of mBkn"ng a
significant contribulton lo the lives of people abroad. To date Ihis has primartly fo¢ussed on wr Love Congo
proiect-WOTking in the DemDcratt¢ Republic of Congo.
Objectlves and activities
The primary xims of Imagine IfTnJst are..
The relief (rfthose in need, finanaal hardship. sickness OT distress.
To advan￿ education.
To provide or assist in the provision of facilities In Ihe interests of sou81 welfare
Th8 Iwstees conffirm that they hov& referred to the guidanc& contained in Ihe Charsty Commission's genBt81
guidance on public bènefit when reviewing the charity's aims and obj6cbv8s and in planning fulure activities.
Objecttves reflecting thè slated aims above are translated into our cora activities, as outlined bd(M.
The relief of those in need. financial hardshlp. sid(nès8 or distress
All of the projèds that we undertake look to address this objectbve. Wthether providing food thiough our food
hub for those in food poverty or altending a Court hearing with one of our tenants through OUT Genesis
Housing project, Bll our actiwlies have some element of bringing relief to thos8 in distress.
To advance education
We believe in th8 power of leaming both to empower Indbviduals and lo bolster Ihelr 3erK%e of sell-osteem. A
number tst our projects contribute to this objective induding Slii*y Fingers Nursery whsch provides nursery
education lo childr8n aged 2 10 4, our new projéd called'The Zone.. njnning an after school dub and our Love
Congo project supporting a school in Democralic Republic of CongD.

IMAGINE IF TRUST
COMPANY LIMITED BY GUARANTEE
TRUSTEES, REPORT {CONTINUED)IINCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 31 AUGUST 2021
To piovide or assi51 in Ihg prov151on of faclllil&s In th& Inlerèsls of Social walfare
As part of our desire lo help people oul of homelessness we provide supported a¢￿)mmodatIon through our
Genesis Housing project. We currently have 3 properties P￿Iding a lolal of 11 bed spaces in the v*￿ertree
8fea of Liverpool.
Our partners
We would like to offer our thanks to ati tha organisations and individuals who have supported us li oui work
Ihis year, induding all of our vol(tnteers. donors and sponsors. Everything Imagine If Trust has achieved this
year has been relianl on your valuable conttibutions. in all their various fotms. Thank you specifically lo the
following donors..
CAF Foundation
Frontlin8 TTUSI
Garfield Weston Foundation
Green Paslures
John Moores Foundation
LCVS
Liverpool City Cout)dl
Mediral Missionary News
Michael and Betty Little Tw8t
Prince of Wdles Trust
Steve Morgan Foundation
Torus Foundabon

IMAGINE IF TRUST
COMPANY LIMITED BY GUARANTEE
TRUSTEES. REPORT (CONTINUED>(INCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 31 AUGUST 2021
AChi•￿M￿nts and parfomiance
Here is a quick summary of each ofthe projects-.
Bab-Ftah-.
Ba￿FIah (Open Door in Arabic) is a wpport 8ervic8 foi isolated Muslirn wom8n and children. some of whom
are refugees and asylum seekers, offering I￿ltUF81ty relevant opportunrties to ffleet others and gain sUPPOrt.
The project currenfly engages with up to 100 wcmèn èaeh month.
Each year we provide lunch on Christmas Day to those who are lonely. isolated or in pov8ty. The event has
become a regular feature on the Imagine If calendar and we are working closely wilh local organisations lo
take refe￿alS and support Ihose who would otherwise be on their at Christmas.
In partnership with the national charity Safe Families for Child18n, Family Matters provides intensive volunte8f
support to vulnerable familles who are referred to us by social workws. The Stève Morgan Foundation has
agreed to fund this work for the next five years.
Genesis
ousi
Genegis Housin9 off8[8 SUPPOrted aco)mmodatson to those who would otherwisè be homeless or in hosiel
accommodation. Wè op8r8te operate a ft)UT bed house and a three bed house and h) Aprfl 2021 opened OUT
third property comprising 2 x 2 bed flats to provide follow on accommodation.
Linking Lives is a befriending Servi￿ thBt offers eompanionship lo lonely and isolated old8r pEo￿e in our
community. Before the pandemiq our volunleers regularly visited individuals in their own home for a chal. lo
share in an interest or hobby, or perhaps trj acc£Jmpany them on a short trip out.
Our Love Congo project works alongside partner org8nisalions in the Democratic Republic of Congo IDRCI.
we provide praclical and finanaal support in a number of 8reas lo help bring about change tts these people.
Th8 main projects we support are based in Ihe North East of the country where thousondg of people have
bè8n displaced du8 lo the ongoing conflicl.
Fi
Sticky Fingers is a p8¥entlrarer and toddler group aimed al providing support lo paienls of young childfen.
These sessions PTovid8 a qu81ity environment for parent and child to explorè the art of playing together. We
provide refreshmenls and toast foi P￿entS and children. as well as craft èctivtties, song lime and a huge
amount of space to run aroundl
ers Da NUTS
Sticky Fingèrs Day Nursery offers an excellent environment for leaming and d8v8lopment, for 2, 3 ond 4 yè8r
olds. The Nursery was launchèd in 2015 with assistance from Liv&rpool City Counal who had id&nlified 8
specific need for nursery provision in th8 L15 poslcode area. The priority for the nursery is to offer places to
loeAI p8rents who qualify for free nursery prov*sion.
Strpetswsts pvovide3 practical and emotional support to Street sex workers induding the provision of lea.
coffeB. sandwiches, toiletries and condoms. This project WOVKles a safe Pl￿ for the women to come arKI
discuss concèms and feaTS. Thi3 was transferred lo Our Hous& Wdkon CIC inApril 2021.

IMAGINE IF TRUST
COMPANY LIMITED BY GUARANTEE
TRUSTEES, REPORT (CONTINUED)IINCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 AUGUST 2021
Flnanclal revlew
The trustees have reviewed the financAal staius ol the Trust. Overall the picture is a positNie one but wilh a
recognition that the current economic climate remains challenging for all organisations in the charity sector. In
light of this dose monitoring of expenditure 8nd eashllow management is required.
Th& effecl of COVID-19 brought a number of operational challenges ovar tha last 12 months. Howwèr, wilh
some generotss Support from funders, we finished the finana81 year in a strong position and havè a fim
foundation for the inevitable challenges that lace an expanding organisatlon in the years to come.
Looking ahe8d into 2022 and beyond, we continue to be confident in our ability lo deliver high quaty Se￿iCeS
which will enable us to a¢hi8ve our prim8ry obj8th"vgS.
Invtrstment poll¢y
Thele ale no restrictions on the inveslment powers of the trustees.
Our liquid funds are held in our current and savlngs accounts.
R•servos policy
Our f8sèfvè8 policy reflects our desire to maintain a liquld reseNe to draw on rn th• èvènl of any reduction in
our don8ted irlcome and to provide a measure of protection to the delivery of Ouf cole objectives. Weconlinue
to aim to have a fund of frè8 ar￿ liquid reserves Icalculated as excluding long tem liabilities} equivalent lo
£60k. This represenls 3 months Cf>mmitted expenditure. Net CLtrrent assets at the year and Wefe £63,124
12020 £71.766). See note 20.
Risk pollcy
The trustees have 1dèn1￿8d th8 followng main risks lo our organisalion and rèsponsès lo these risks are
outlined below.
1. Health and Safdy
A HE81th and Safely policy has been adopted. Work has beèn carrted out on risk assessments of all existing
and new 8clivitt85 and new risk assessments are undertakèn 8$ iequired. Ilealth and Safety induction and
training is provided foT all involved in projecl wo￿.
2. Child ProtectSon & Vulnerable Adults
Child Protection and Vulnerabl8 Adults Policies are in pla￿. The Trustees take sèriously Iheir responsibilty lo
protect and safeguard the w8lfare of childien, young people and vulnerable adutts entiusled to lrnagine If s
care. All those involved Inot just Ihose who h8v8 access lo children, young people 8nd vulner8ble adullsl ale
briefed on their responsibilities and aro mado fully aware of the organisalion's child protection and vulnerable
adults w1￿Y and procedures. Those involved in aclivities wheie they may have conlact with childrèn, young
people or vulnerab16 8du5ts are required to Ltndergo DBS checks. A S8f8guarding Team has been appointed
and meets regularfy to ensure that the policy is bein9 implemented and to ensure that the policy ￿MaInS both
effective and up to date.
3. Flnancial Risk8
Guidelines aro issued to 011 on proper cash handling proceduras and are updaled at least once a year.
Instructions are issued to avoid making purchases in cash unless it is unavoid8ble. Inlemal departrrEntal
procedures have bOBn 5tandaTdised. Deparlmental records and central accounts MQFiilored regularly and
all departmental budget holders Tèceive monthty buduet perfomiance reports.
We receivè regu18r guidance on financial risks from our aceountsnl. th8 Ch8rity Cornmission. HMRC and
various third sector agencies. This keeps us up lo date wlth newer 8rÈ8s of risk. Our accountant also advises
Ijs of any speafic areas of we8kness that may be identffied during the annual independent examination, so
that we can take stepg to cofféct or protect again8t them.

IMAGINE IF TRUST
COMPANY LIMITED BY GUARANTEE
TRUSTEES. REPORT (CONTINUED){INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 AUGUST 2021
Plan$ forth• future
Ourlhree key SUC￿5￿ factor¥ for the year ahead aTe=
1. Stories of changed lives- all our activtties are about people and so stories of live5 that hav8 been
supported to change aTe key lo our success.
2. Building partnerships-we reeognise that supporting people will often lake a range of seryices and so
whether il is strengthening links belween projects within the Imagine If Trusl porttolio, or effective
signpostsng to otheT agencies, building partnerships is a CO￿ requiiemenl.
3. Su5tainability- whether it is excellent financial managemenl, good tharity govemance, OT effectfve
fundiaising, we recognise the need to slrenglhen 5usla4nabilty to ensiire that we can ¢onlinue to
serve in the years ahead.
Structure. govemance and management
Imagine If Trust is a registered charity and a company Umited by guarantee Incorporated on 15 MBY 2012.
Management of Ima9ine If Trust
The Trustees ovgrsee the legal and financial responslbililies of Ihg Trust. and they rlleet ft>rwnalty as a board
on a regular b8SIs. The trustees 8150 h8ve iespDrTrsibility for the over811 direction and v48ion of the charity. D8Y
to day r8sponsibtlity for the tunning of Ihè ehatity is d*lègated to thè Chigf Executivè Offic￿[ 8nd th8
D8v8lopm8nt Manag&tS. WOTking in conjunction wth the various Prc4eLt Leaders.
The trustees, who are aFso the directors for the purpose of o)mpany law, and who served during the year
were..
Mr Christopher Butland
Mrs Rachel Cole
Mr Thomas Drury (Chair}
Mf John Gibson
Mrs Alison Hughes
Mrs Lisa Oran98
Mr Jarrkes Sloan
(Resigned 11 March 2021)
(Restgned 20 September 20211
None of the trustee8 has any benefirial interest in the company. All ofthe Iwslees are members of the
ompany guarantee lo wntribule £1 in Ihg pvenl of a winding up.
Manag8mont Tèam
James Sloan ICEOI
Jemma Orange (Development Manager)
Helen Ann Atkins {Operalions Manager)
Paul Briers {Communications Manager)
Jon Mocowen (Eatly Ye8rs Manager)
8nd the Project LeadeT5 from th8 V8rious projects.
Th& ramunèralion ol thè kay managèmènt ofth& organis8tion is by th8 btsard of truste85.

IMAGINE IF TRUST
COMPANY LIMITED BY GUARANTEE
TRUSTEES. REPORT ICONTINUEDIIINCLUDING DIRECTORS. REPORT
FOR THE YEAR ENDED 31 AUGUST 2021
Small company provlslons
This report has been prepared In ac£ordanc* wrfh the special provlsions applicable to companles subject lo
the srnall companies regime.
On behalf tsf Ihe board of trustees
Mr Thomas Drury (Ch8irl
Trustee
Daled..

IMAGINE IF TRUST
COMPANY LIMITED BY GUARANTEE
STATEMENT OF TRUSTEES. RESPONSIBILITIES
FOR THE YEAR ENDED 31 AUGUST 2021
The trustees, who are also the dlr8Llors of Imagine If Tnjst for the purpose of ¢y)mp8ny1gw. msponsible for
preparing the Trustees, Report and the financial statements in accordance wilh appli¢￿ble law and United
Kingdom Accountin9 Standards Iunttèd Kingdom GeneraltyAccepled Accounting PrgctiEel.
Company Law requires Ihe trustees lo prepare financial slalemènts for each finanaal yearwhith give a Irue and
fair viev4 of the state of affaifs of th8 charity and of th8 incoming rasources and application of resources,
including the incorne and expendilufe, of the charitable company for that year.
In preparing Ihese ffinancial slalemenl8, Ihè l*ust885 ara r8qLEired to..
- 5019¢1 gui18bl¥ accounting poliues and then apply them consislently.,
- obswva thè methods and principles in the Charities SORP.,
- make judgements arKI eslirnates that are reasonable and prudent.,
stale whether apph'G4ble UK Accountin9 stsr￿ardS have been followed. sublect to any material departures
disdosed and explained in Ihe finanaal statements", and
prepare the financAal statemenls on the going concern basis unless il is inappropriaie to presume that the
charity will cmlinue in opeTalion.
The ITUStees are responsible foT keeping adequate accounting records th8t disc105e with reasonable 8ccur8cy al
any time thè ffinan¢I81 position of the i*)arify 8nd enabl8 them to ensure that the finan￿￿1 statements comply wlh
Ihe Companies Act 21X)S. Th8y arg Elso responsible for safegu8rding th8 8s58ts of th8 ¢haFiiy 8nd hence for
taking reasonable steps forlhè PTeventiDn and deteLlion of fraud and other irvegularitie5.

IMAGINE IF TRUST
COMPANY LIMITED BY GUARANTEE
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF IMAGINE IF TRUST
I report to the trustees on my examination of the accounts of Imagine If Trnsl (the charity) for the ye8r ended
31 August 2021.
This report is made solety to the charitys twstees, as a body. in accordance with Sedion 145 of the
Chaiiknès Act 2011. My examina￿On has been undertaken so that I might slate to the charitys tnjstees those
mattèrs l am required lo slate lo them in an Independent Ex8minerf5 Teport and for no other purpose. To thè
fullest extent permitted by law. I do not accept or 855ume responsibility to anyone other than tha tharity an(J
Ihe charity's Iruslees as a body, for my exarninalton, for thi5 ieport, 01 for the opinions I have lomied.
Responslb515tles and basls of report
As Ihè tiustees of the charity land also its direciors for the purposes of company law) you a￿ responsible
for the preparalion of the finandal statemenls in accordance wtth the requirements of the Companie5 Act
2006 (the 2006 Act).
Having satisfied myself that the accounts of the chaiity are not required lo be audited under Part 16 of the
2￿8 Act and arè èli9ib18 for indèp8ndenl examination, I report in respect Of my axaminalion of th8 ch8rity's
acrA)unts as c*ri8d out undar sedion 145 01 Ihe Charities Act 2011 (thè 2011 Act). In IXErying out my
examination I have followed the Directions glven by the Charity Commission under section 14515llbl of trle
2011 Act.
Independent examlnerfs Btatement
Sincè the charity's gTOSS incom8 exceeded £250,000 your èxaminèr musl b8 a tnernb8r of 8 body listed in
sedion 145 of the 2011 Act. I confimi that l am qualified to undertake thè examination b8rau5e l am a
member of the Institute of ChBrteredAccountants in England and Wales, which is One of thè lislgd bodlp$.
I have cornpleted my examination. I confirm that no matters have r￿me lo my attention in conneclion wtth
th8 examination giving me cause to beli8ve:
accounting records wore not kept in respect of thè charlly 85 requlred by section 388 of the 2006Act,'
or
the financial statements do nol accord with those rècords,. or
the financial slatemenls do not comply wilh the acTr)unbng requirements of seth'on 396 of the 2006 Act
oth81 th8n any 184uiremgnl that the accounts a Iwe and fair v¢ew which is not a matter considered
a5 Part of ar7 ind8P8nd8nl examination.. or
the financial statements have not been prepared in accordan￿ with the methods and prindples (>f the
Slalemenl of Recommended Practice for aco)unling and reporting by chaTilies applicable to charit18S
piepaiing their accounts in accordan¢x with the Financial Reporling Standard appl¢cable in Iho UK an
Republic irf Iieland IFRS 1021.
I have no c4)n￿rns and have come across no other matters in connèction with thè èxamination to wh￿h
attention should be drawn in this report in order to enable a proper understandFng of the financial st8lemenls
lobeT
ched.
tgr Taaffa FCA CTA DChA
BWM
Chartered Accountants
Suile S.?
12 Tth8b&m Str8et
Liverpool
L2 2DT
Dated..

IMAGINE IF TRUST
COMPANY LIMITED BY GUARANTEE
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 AUGUST 2021
Curmnt flnanclal year
Unre¥trFCt•d Restricted
funds
fundy
2021
2021
Total
Total
2021
2020
Notes
Donations and legac
Charitable activities
Investments
178.711
195.027
13
4.650
183,850
183.361
378.877
13
119,549
299,542
81
Total Incomg
373,751
188,500
562,251
419,172
Charitable aclivilies
361.327
81.322
442.649
368,953
Totsl exp8fKlltur8
361.327
81.322
442.649
368,953
N8t mov8m•nt In funds
12,424
107,178
119,802
50,219
Reconclllatlon of funds
Fund balances at I September 2020
71,766
18.637
90,403
40.184
Fund balances at 31 August Z021
84,190
125,815
210.005
],403
The statement of finarrial activities indudes all gains and losses recognised in the year.
All income and expenditure derive from continuing activiltes.
The movement in tunds detailed above complies with the requirements for a slatement ofchanges in equity
under FRS102.
The statemonl of financial activities also complies with the requirements for an income Bnd expenditurè 8tt0unl
undèr th6 Compani8sAct 2006.

IMAGINE IF TRUST
COMPANY LIMITED BY GUARANTEE
STATEMENT OF FINANCIALACTIVITIES {CONTINUED)
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 AUGUST 2021
Prlor financial year
Unrestricted Restricted
fund3
fund5
2020
2020
Total
2020
Donations and legacies
Chaiitable activ*ties
Investments
119,549
253.636
81
119,549
299.542
81
45.S06
Total Sncomg
373,2e6
419,172
Charitable activitiès
327,666
41.287
368,953
Total 8Jtpèndltur8
327,666
41,287
368,953
Nèt movement In funds
45,600
4,619
50.21
Reconclllatlon of fund5
Fund balances at 1 September 2019
26.166
14.018
40,184
Fund balances at 31 August 2020
71,766
18.637
90.403
The statement of financial actwitl85 indudes all gains and losses recognised in the year.
All income and expenditur8 derive from conlinuing activities.
Th6 movement in funds delailed above cornpli85 with thè raqu1￿ments for a statement of changes in equity
under FRSIO2.
Th8 Statement ol finanaal activities also complies Vrith the requirement8 fi* an income 8nd expenditure account
undèr thè CompaniesAct 2006.
10-

IMAGINE IF TRUST
COMPANY LIMITED BY GUARANTEE
BALANCE SHEET
ASAT31 AUGUST2021
2021
2020
Note¥
Fixed a$¥gts
Tangible assets
11
174,692
Current assets
Debtors
Cash at bank and in hand
13
1,429
149,529
925
93,097
150.956
94,022
LiabllÉt4e•
Creditors.. amounts falling due within one
year
14
122.019)
13.619}
Net current ass618
128,939
90,403
Total net a86et8
303,631
90.403
Credttorn: amounts falling due after
morn than on• yèar
15
193.626)
Totsl not a¥80ts
210,005
90,403
Tho funds of thè charity
Restricted ftjnds
Unrestiicted funds
19
125,815
84,190
18,637
71,766
Total charity lunds
210,005
90.403
The company is entitled to the exemption from the audit requirém8nt conlained in sectlon 477 of the Companies
Act 2006, for the year ended 31 August 2021.
The trusteès acknowledge their responsibilities for ensurTng that the d)arity keep5 accounting records which
comply wth 58cbon 386 ot the Act and for preparing financial staleTllents which give a tme and fair view of the
state ol RffBirs of the company as al the end of the financial year and of its incoming resourc&s 8nd application of
resour￿$. including ils incomè and axpendiltsr8. for the financial year in accordane￿ with the requirements of
sections 394 and 395 and which othen￿lSe comply ￿rith the requirements of Ihè Companies Act 2006 relating lo
financial slalements, so far as applicable to the company.
The membets have not requirèd company lo oblain an audit of itg finanoal statements for yèar in
question in accordance with seclion 476.
These financial statements have bèen pr8P8red in aczordance with thè prtsvision5 appluble lo compani98
subied lo the small companies regime.
The finanual slatement5 weT8 gpproved by the Trustees on ..........
Mr Thomas Drury (Chair)
Tw8teÈ
Company RegÉstrntion No. 8069756

IMAGINE IF TRUST
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2021
Ac¢ountTrng policlgs
Charity Infomiatlon
Imagine If Tru51 is a privalp company limlled by guarantee incorp(xated in EngFand and Wales. The
registared offic8 is Frontlinè Cenlre. 147 Lawrence Road, LiveTpooI, L15 3HA.
1.1 Accounung convgntlon
The a￿￿UnIS have been PTepared in acthrdance wilh Ihe charity's MemoTandum and Articles of
Association.
the Companies Ad 2006 and "AccountitvJ and Reporting by Charities.. Statement ol
Recommènded Practice applicable lo charities preparing their accounts in accordance wrth the Finanaal
Reporting Standard applicab18 in thè UK and Republic of Ireland (FRS 1021 {as amended for accountiNJ
periods commènang from 1 January 2016). Th8 ch8ri1y is g Public Benefit Entity as defined by FRS 102.
The accounts pt8par8(l in $lerfing. which is the functional currency of the charity. Mongtary amounts in
these finanixal 5ta18ments ar8 iounded to Ihe nearest £.
The Charity has laken advantagè of thè piovisiorns in the SORP for Charities applying FRS 102 Upd8t8
Bu1161in 1 not lo p￿Pa￿ a Statement ol Cash Flows.
The accounts have been prepared under the historical o)sl convention. The principal accounting polTcies
adopted are set out below.
1.2 Going cone•m
At the time of approving the accounts and as detailed In the TrustèÈg' wport, the Trustees have considered
the impact of Covid-19 on the charity and the Twstees have a reasonable expectation that the charity has
adequate iesources to ctsntinue in fjp8ralional existence for the foreseeable luture. Thus. the Trustees
continue to adopt thè'yoin9 concern. basis of accounting in preparing the 8CCOUnts.
1.3 Charitablè fund5
Funds held by the charity are..
Unreslrict8d general funds- Ihese are fuFvJs which can be used in accordanca with the charitable objecls
at the ¢JiSCTètion of the trustees.
Restricted funds- these 8re funds that can only be used lor particular restricled purposes withln tha
objects of the charity. ReslTiCtions arise when specified by the donor orwhen funds are raised for pa¥ticular
restricted purpos•s. Further explanation of ihe nature and purpose of each fund is induded in th8 notès lo
the accounts.
12-

IMAGINE IF TRUST
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED>
FOR THE YEAR ENDED 31 AUGUST 2021
Accountlng policles
Icontinuèdl
1.4 Income
Donation and legacy irKX)m8 Is recognised where there 15 entillemenl. certainty of rocaipt and the amount
can be measuTed with sufficient reliability. Such incom8 15 only delerred when the donor has imposed
conditions which musl be mel befo￿ the charily has LJn¢ondilional entitlement.
Invèstment income is Tecognised on a Te¢8iV8ble basis.
Income from charilable activitie$ indudes income received under contract or where enlitlemenl lo gfanl
funding is subject to spectfic perfomance conditions is recognised as earned (as the related goods or
service5 ale provided). Grant income ind¢Jded in this category provKle8 funding to support perforrnancg
activities and is recogni5￿ where there is en￿tlemen( ￿rtaInty of rwxipl and the arnounl b9
measured wilh suffici8nl reliability.
On occasions where the tharity received assistance in the forrn of donated goods and facilits"es. and tha
beneffit is quantffiable and malerial, an appropTiale amount is included in Sneome and an equlvatent amount
as expenditure under the relevant hÉading. The value of services provided by volunteers has not been
included in these aryounts.
Income from donated s8rvices and faulities is induded in Tncome at a valualK*n which is an estimate ol the
rinarrial cost bome by the donor where such a o)st is quantifiable and measurable. No income is
recognised when there is no financial cosl borne by a third party.
1.5 Expendlture
All èxpenditure is accounted for on an accruals basis and has been classified under hea(tings that
ag9regate all costs related to the category. The irrecoverable element of VAT is included with the item of
expenses to which it relates as this cannot be leCOV818d by th8 charitable company.
Ratsing funds comprises those costs incurr8d by the charity in the delw8ry of lundraising 8vents.
Charitable aGtiwties comprises tho88 Costs inturred by the charity in the delivery of its activities and
services for ils beneficiaries. Also induded is Gov8rTranc8 costs which are associated with mè8ting tha
constitution81 and statutory rèquirements ol the charity.
1.6 Tanglble flxed assets
Tangible fixed assets are measufed at cost and, net of depreciation and any impaimient losses. All assets
costing more than £1.000 are capitalised at cosL
Depiecialion 18 provided 8t fate5 C8lcuF8t6d to writè off tho Cost less osb"matsd resKlual valuè of each asset
tsveF its èxpectd useful life, as folltrws".
Freehold buildings
Fixtu￿s, fittings & equipment
Computerg
Molor vehides
20h p.a. on a st¥81ght line basis
33Vts p.a. on a straight line b8SIS
33/ts p.a. on a straight line basis
25¥0 p-a. on a straight lina basis
Freehold land is not deprecialed.
The gain or loss arising on the disposal of an asset is deleimlnpd as Ihg diff8ran￿ bètwoèn tha sale
prO￿ed8 and the carrying value of the asset, and is recognised in net incornellexpenditurel for the year.
1.7 Impaimi•nt of fixgd a$s•ts
At each reporting end date, the charity review3 the carrying amounts of tt5 tsngible 8Ssels lo determine
whether there is any indication that thos8 assets h8ve suffered an imp8irmenl loss. If any such indration
exists, the recoverable amount of the ass8t 18 8Stimat8d in ord8f to det8rmin8 the extent of the impairment
loss lif any).
13-

IMAGINE IF TRUST
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2021
Accountlng pollcles
{ContIn￿dI
1.8 Cash and cash equkvalents
Cash and cash equiv8t6nts indude cash in hand. dèposits hald at call with banks, other short-lerm liquid
investments with otKginal maturities of three months or lèss, and bank overdrafts.
1.9 Flnanclal instrumgnls
The charity has elected ID apply the provisions of Sectron 11 'Basic Financial Inslmments, and SectK)n 12
'Olher Financial Instrumenls18su85' of FRS 102 to all of ils financial inslrumenl$.
Financial instr(amenl$ 8re reeognised in Ihe charity's balance sheet whèn Ihè ch81ity becomes party to the
contraclual provi8iong of the inslnjment.
Finan¢i41 assèts and liabilities are offset, with the nel amounts prgsènlad In Ihg finanoal staiements, when
there is a18gally ènforceable rrght to set off the recogni5ed amounts ènd there is an intention to settle on a
n6t basis or to realise the asset and sett19 the1I8bility simultanoously.
Basie financial assets
Basic financial assets, which indude debt￿8 arKI c8sh and bank b818nc6s, Ore initially meagured at
transaction price including transaction co8ts and ale subsequently carried at amortised cost using Ihe
effective interest method unless the arfangement constitutes a financing transaction, where the transaction
is measured at the present value of thé future receipts discounted at a market fale of interest. Financial
assets dassified as re￿ivable within one year are not amortised.
Basic financlal liabilities
Basic ftnanaal liabilits'es, including creditors and bank loans are initially recognisgd al iTans8rtion price
unless the arrangement constilut8s a financing transaction, where the debt instrument is measured at the
present value ol the fulure payffl8nls discounted at a market rate of interest. Financial liabilities dassified
as payabl8 within on8 y8ar arè not amortised.
Debt instruments are subsequently carried at amorlised c051, using the effective iwtsresl ral8 method.
Trode Cfeditors are obligations lo pay for goods or services that have been aequlred in Ihè ordlnary course
of operations from suppliers. Amounts payable aTe d8ssified as cuiient li8bilib.es if payment is due wtthin
one year or less. If not, they are presented as non-curtent liabilitie5. TTade creditors are recognised initially
al transaction price and subsequently rne85urèd Bt 8mortisèd cost using the effective interest method.
Derecognltlon of flnanclal Ilatsllties
Financial l￿bIlI11eS are der8cogni5ed whgn tha chality's contractual obFEgations expire Of are dlscharged or
can￿lled.
1.10 Employ88 ban•fits
The w8t of any unusod hollday èntill•mgnt is recognised in the period in which the employee'5 seNices
are received.
Termination beneffits are iecognis8d immediatdy as an expense when the charity is demo¥)strably
commilted to leirninale the employment of an employee or to provida termlnation benefts.
1.11 Lèas•s
Rentsls p8yablè under operating leases. including any lease incerilives feceNed. are chargeil as an
8xpense on a straight line basis over the leim of the ielevanl lease.
14-

IMAGINE IF TRUST
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS ICONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2021
Accountlng pollcles
(Contlnuèdl
1.12 Taxation
The charity benefit5 from various exemptions from laxètion afforded by tax legislation and is nol liable lo
corporalion tax on income QT g8ins falling within those exemptions. Recovery is made ol lax deducted fro
qualifying incorne and from receipts under Gift Aid. The charity is not able to recover Value Added Tax.
Expenditu￿ is recorded in the 4cix)unts indusive of VAT.
Crlttcal accountlng estlmates and judgements
In the application of the charity's accounting policies. Ihe tFUSte8s 8Te required to make judgements,
estimate8 and assumptions about th& carrying amount of assets and liabilities Ihat are not readily apparent
from other Sour￿$. The estimates and associated assumptions are based on historical experience and
other factors that are conSide￿d to be Televanl. Actual resulls may differ from these estimates.
The estimates and undedying assumptions are reviewed on an ongoing basis. Revisions to accounting
estirnales are recognised in the period in which the estirnat8 is ievised wh8ie the Tevision affects only Ihat
period. or in Ihe period of the revi8ion an¢J future ￿￿0￿$ Who￿ the rovision affects both ¢utrènl 8nd fulu¥e
periods.
Donatlons and l•g#cl•s
Unrestrlctgd Restrlcted
fund6
funds
Total UnTestricted
funds
2021
2021
2021
2020
Oonations ond grfts
Core grants
136.879
41,832
4.650
141.529
41.832
33.638
85,911
178,711
4.650
183,361
119,549
Grants r•c#lvabl# for ¢or• a¢tlvlti•s
Coronavirus Job Retention Scheme Gfant
Frontline Tiusl
2,748
39,084
2.748
39.084
41,407
44.S04
41.832
41,832
85,911
15-

IMAGINE IF TRUST
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS ICONTINUED
FOR THE YEAR ENDED 31 AUGUST 2021
Charitsble activitigs
The relief of
hardshlp and
advancement
of education
The ielief of
haTflship and
advancement of
education
2021
2020
Setwlces provided under conlTact
Porformance related grants
Charitable in¢￿rne
86,779
213,850
78.248
85,888
94.387
119,267
378.877
299,542
Analysis by lund
Unre51ricted lunds
Restricted fuThJs
195,027
183,850
253,6
45,9[
378,877
299,$42
Perfom)ance related grants
MiGha81 and Bgtty kntlle Tiust
Garfield Weston Foundation
John MooTes Foundalion
LCVS
Steve MDtg8n Found8OtTrn
New Hope
CAF
Mediixl Missionary News
Other
24,000
20,000
4.000
8,500
29.417
12.382
145,0
3,850
15.OOCI
12.500
27,588
2.000
213.850
94,387
Investments
Unre¥tri¢ted UnTeslricted
funds
funds
2021
2020
Inleresl receivable
13
81
16-

IMAGINE IF TRUST
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS ICONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2021
Chaiitabl# activili•s
2021
2020
Thg rellof of hardshlp and tha advancamont of gducatlon
Staff costs
Depreciation
Prernises expenses
Repairs and renewals
Motor and travel
Legol and professional
Course and conference expense8
Office expen8e5
Food, drink and other purchases
Sundry expenses
219,9()1
1,808
39.832
60,488
6,663
21.186
2.552
2,479
18,367
11,248
216.144
12.667
5,443
6.899
2,9TI
6,066
29,829
4,130
384,524
328.145
Grant fvnding of aclivilies (see note 7)
Share of governance costs Istre note 8)
56,695
1.430
39,428
1,380
442,649
368.953
Analysis by fvnrt
Unrestricted funds
Restricted fundg
361,327
81,322
442,649
For the year BndBd 31 Augu#t 2020
Unrestricted fijnds
Restricted funds
327,666
41,287
388.953
17-

IMAGINE IF TRUST
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS ICONTINUED
FOR THE YEAR ENDED 31 AUGUST 2021
Grants payable
2021
2020
Thè reltef of hardship and tha advancement of education
Granls to institulions..
CRS Church DRC
Vvalchrnen Inlemalion
Open Well
Our House Wallon Cornmunity Hub
City H•arts
44,680
37,240
1,650
200
3,482
655
48,817
7.878
39,090
338
Grants to Indivldu81s
56.695
39.428
Support costs
Support Govemance
costs
osts
2021
Support Govemance
cosls
costs
2020
Independent
examination fees
1.430
1,430
1,380
1,380
1,430
1,430
1,380
1,380
Analysed betWe6n
Chafitable activities
1,430
1.380
1.380
Gov8rri8nc8 have been r88lloc8ted to thaiitable activitie8. They include payments to the independent
examiner of £1,43012020- £1,380) for independent examination and charitab18 expendilufe indudes
£2,4251202¢> £1,980) for accountancy and other services.
Tiusts•$
One trustee and one person connecled lo a tnJstee12020 one tru5teE 8nd two persons conneded wilh a
Irusl*l received remuneration during the year. No trustees weie reimbursed axppnses durin9 the period
12020- £nil).
18-

IMAGINE IF TRUST
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS ICONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2021
10 Employ909
Number of employee5
The average monthly number of employees during Ihe ye8r w8S'.
2021
Number
2020
Number
Charitsble
17
19
Employmont costs
2021
2020
Vvages and 5alarie8
Soaal security costs
other pension costs
207.396
4,993
7,512
205,475
5,222
5.447
219,901
216,144
Included in wages and Salaries are redundancy and ex gTatia payments totalling £nil12020.. £2,264).
There were no employees whose annual remuneration was £60.000 OT more.
11 Tangible fixed assets
Froehold
bulldiogs
Flxtures, Computers
flttings &
equipment
Motor
vehlcles
Total
Cost
Al 1 septemb￿ 2020
Additions
2,5
2.892
8.760
4,500
14.152
176.500
172.000
At 31 Augusl 2021
172,000
2.500
2.892
13260
190,652
Depreclatlon
Al 1 Seplember 2020
Depreciation charged in the year
2,500
2,892
8,760
375
14.152
1,808
1,433
At 31 August 2021
1.433
2.892
9,135
15.960
Carrying amount
At 31 August 2021
170,S67
4.125
174,692
At 31 August 2020
Kingdom Ba)k holds a tegal tharge over 160 Lawrence Road. Liverpool. Kingdom Bank also hold a floating
charge over all Ihe fLTrTnrture used in the F￿Pety of the chaiity. At 31 August 2021 the amount owed to
Kingdom Bank was £98,62612020 £nill.
19

IMAGINE IF TRUST
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2021
12 Financial Instrumonts
2021
2020
Carrying amount of financial assets
Debt inslrumenls measured al cost
150,958
94,023
Carrylng amount of financial liabilitios
Measured at cost
103.459
3,619
13 Debtor¥
2021
2020
Amounts falllng dug vAthln one year.
Trade debtors
1.429
925
14 Crèditorn: amounts falling duè within onè yèar
2021
2020
Notes
Bank108ns
Other taxalion and soaal seculfy
Tfad8 cr8ditors
other creditors
Accruals.
16
5,000
12,186
675
797
3,361
3,359
22.019
3,619
15 Creditors: amounts falllng due after more than one year
2021
2020
Bank loans
16
93,626
The bank loan is Secured by a legal charge over the charitys propety as detailed in the ffixed assèt and
bt)tTowing nDles.
-20-

IMAGINE IF TRUST
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2021
16 Loan5 and ov•rdrafts
2021
2020
Bank k)ans
98,626
Payable within one ye8r
Payablg after one year
5,Otx)
93.626
Awnounts included above which fall due after yèars..
Payable by in$talments
73,626
The bank secured by legal charg8 over the charitys property in LawrenrÈ Road. Liverpool.
17 Ret4rement benetEt ¥ch8mes
Deflned contflbullon schgmos
The charity operates a defined contribution ￿nSIOn scheme lor all qualifying employees. Th8 assets of the
scheme are held separately from those oftho charity in an independenuy administered fvnd.
The charge to tho sialement of financial adivilies in re¥)ect of dbfined contfibuts'on ¥chèm6s was £7.512
1202(k £5,444.
18 Opèrating l•a$g ¢ommitm&nts
At the reporting end date the charity had outstanding commitments for future minimum Eease paym&nt8
undÈr nOn-¢an￿lIable opwating leases, which fall due as follows..
2021
2020
Wilhin one year
Belw88n two and fwe yeaT5
11,288
1,400
19,953
12,688
12,688
32,641
21

IMAGINE IF TRUST
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS ICONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2021
19 R&strlctgd fund5
The incom8 funds of Ihe charty include restricted funds comprising th8 following unexpended balan￿9 Df
donations and grants held on trust for specific purposes..
Movement in funds
Income
Exp8ntSitur•
Pknement In funds
Income Ex￿ndI￿re
Balanc• at
1 septefflber
2019
Balance at
1 8eptsmbts¥
2020
Babnce at
31 Auuust
2021
Foodbank
Food Hub
Love Congo
Streetwise
Christmas
meèl
Genesis
Housing
Bab Ftah
Llnking lives
Family
Matters
ACTS435
Sticky
Fingers
Nursery
Otherfunds
27
1,586
9,073
1,820
(271
12,6891
120,8481
1500)
5,000
23.882
50
3,897
12,047
1,B20
1,025
58,398
70
4,922
27,249
143,1961
(1,890)
89
3.579
14.268)
650
{100)
550
4,313
14.3131
(101
18.6321
82,835
{9.4331
73.402
873
1,250
883
873
8.632
1,250
25,300
6,190
121.087
{5,266)
4,213
924
5,000
7.782
5,000
7,432
{350)
14.018
45,91
141.287)
18.637
188.500
181,3221
125.815
Foodbank is a project that provides emergency food supplies for those in food Fx)V8rty. Also included In this
fund is Liverpool Foodbanks which are frJThls raised to be shared belween the foodbanks serving knverpool.
Food Hub 18 a project offéring those on low income an opportunliy to bLty weekly groceries at discounted
prices.
Love Congo is a project Providing sUPPOrt to our partntrrs working in the Democrglic Republic of Congo.
This funding includes the MedieAI Centre whlch is an aspect of our Lov8 Congo work specifically aim&J al
developing a medical ￿nITe in Ka5indi- near Ihe Ugandan border. This fund also indudes Child Support
which supports pupi18 and teachers in a school in DR Congo.
-22-

IMAGINE IF TRUST
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2021
19 Re8tricted funds
{Contlnuedl
Streotwis6 is a SLtpport project working with slreel sex Workers in Liverpool.
Christmas Meal is a project providing a rneal on Chtislmas Day each year for those who would olherwse
be alone or unable to have one.
Genesis Housing is a project that piovides supported accommodation lor those who would otherwise b8
horneless. Induded in the funds balance is a donation 01 £60,000 from the Steve MoTgan Foundation
towards the purchase of 8 prop8rty to bo us$d for tho projact. Thèsè funds are r8Strid8d to betng us8d for
this peiiod for B period of seven years from April 2021 at which prAnl they will become unrestricted. It the
property ss sold prtor to the end of Ihis seven year period then the monies will need lo be retumed lo the
donor.
Bab Flah 1$ a project that offeT3 SUPPDrt lo Mu51in women who would otherwise be isolated through a
monthly opportunity to me81 ov8r 8 m881.
Linking Lives 1$ g proj&(a Ihot matches iS￿aled indNidu818 with tho$0 who have Some lime to befriend and
support Ihem.
Family Malters is a project that provides support to families who would othenwsa r￿ul[9 3iwfficanl
intervention from Social Care.
ACTS435 is a partnef project that connects those requiring small grants with those in need of ong off
finanrA81 assislance.
Stid(y Ftngers Nurs￿ providtrs &8rty years &duc81ion to pr8•8chool children.
Olherfunds relates lo smaller projects that are 9eneralty shorttem and m88t a specific need.
20 Analysis ol net assets between funds
Unrestricted Restricted
funds
funds
2021
2021
Total Unr8slricted Restricted
funds
funds
2020
2020
Total
2021
2020
Fund balances at
31 August 2021
are represented
Tangible assets
Current Bssetsl
114.692
60,000
174,692
63,124
(93,6261
65.815
128,939
{93,626)
71.766
18.637
90,403
Lon9 lemi liabllibes
84,190
125,815
210.005
71,766
18,637
90,403
-23-

IMAGINE IF TRUST
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2021
21 Related party transactlons
Remuneration of key management personnel
The remuneration of key management personnd 18 as follows.
2021
2020
Aggiegale compensation
31.759
28,916
During Ihg year the company entered into the following transactions with 18lated parties-.
Frorfine Trust Is an independent charitable c()mpany. During the year Fronllift6 Trust has assisted Imagine
IITrust by providing grants.
John Gibson is a tnJste6 of Imagine IfTrust and his wife was employed by the charity-
Lisa Orange is a twstee of Imagine If Tru$l and sister-in-law is employ8d by the charity.
Jarr￿8 Sloan is a trustee and the CEO of charty. Jamès Sloan is employ8d as CEO of the charily. He
is also a Iruslee of New Hope Trust who are partnering with Imagine If Trust in developing a medical centr&
in the DRC. Imagine rfTrust provided grants {see note 81.
Trustees donated a total of £1,340 during tha yèar.
There were no other related party transactions in the ￿ar.
22 Cornpany limlted by guarantee
Imagine If Trust i5 incorporated under the Companies Act as 8 company limited by guarantee. The liHbflity
of the rnembers is limited to £1.
-24-

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