Charlty R•gS$lratlon No. 1147780 Company Rggi¥tr•tion No. 8069756 (England and Wale¥l IMAGINE IF TRUST COMPANY LIMITED BY GUARANTEE ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 imagine if trust.org IMAGINE IF TRUST COMPANY LIMITED BY GUARANTEE LEGAL AND ADMINISTRATIVE INFORMATION Tru8t••8 Mr Christopher Bulland Mr Nathan Anderson Mr Thomas Baskerville Mr James 8urch Mrs Amanda Hargreaves Mr Mork Wys$ Mr5 Helenor Walson (Appointed 25 July 20241 Ch•rfty numb•r 1147780 Company numb•r 8069756 R•gl•l•rgd offl¢• Fronuine Cenlrg 147 Lawrence Road Liverpool L15 3HA Ind•p•nd•nt •xamln•r Tony Slanley ACA Mllchell Chadesworth Suites C, D, E & F 14th Floor, The Plaza 100 Old Hall Stre•l Ltverpool England L3 9QJ Banker• CAF Bank PO Box 289 Wesl Malling Kent ME19 4TA IMAGINE IF TRUST COMPANY LIMITED BY GUARANTEE CONTENTS Pa Trustfjes. report Slalemenl ol Iruslees, ￿$F#￿sibIlI￿99 Independent eXamIne￿S report Sl8tomenl oi nn8ndal actlvllbg$ 9-10 Balance sh861 Statement of cash flows 13 Notes lo the accounts 14-28 IMAGINE IF TRUST COMPANY LIMITED BY GUARANTEE TRUSTEES. REPORT IINCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 AUGUST2024 Thè Irusleès present Ihelr annLbal report and financial slalemenls for the year ended 31 August 2024. The financial stalemonts have been preparad in accordance with the accounting kk)liaes set oul in note 1 lo the fi'nancial statements and comply with the charity's memorandum and articles ol asswation, the Companies Act 2006 and "Accounting and Reporting by Charities.. Stalemenl of Recommended Practice applicable lo charitTres preparlng their accounls in accordance wlth thg Finon¢ial Reporting Standard appIl￿ble in the UK and R8public of Ireland IFRS 1021" (eff￿tive 1 January 20191. An Introductlon to Imagln• If Tru•t Imagine 11 Trust was launched in September 2012 as the umbrglla orgonlsglbn for a number of 8oclo1 transfomiation prolacls. Our vision is to '8quip passiona18 P8opl8 lo collaborativaly in prowding practul and emOl￿nal support,. In this we recognise the prionty of working with people as holistically as possible, either by providing 8 range of pr4ects under ihe Imo9ine11 Trust umbce118 or by pgrtnoring wilh other providers. While the majority of our work is locusseé on the Llveipool City Region, wo also havo the privllege of making a significant conlribullon to the lives ol pgop19 abroad. To dalg this has primarily locussgd on our Love Congo proj8d- working in tho Democrati¢ Rgpubli¢ of Congo. Obl•ctlv•• Ind adlvlth• The pfim8ry aims of Imagine If Trusl are.. The rellel of those In neeLI, fin8nc181 hardshlp. sickne88 cff distress. To advance oduca¢ion. To provide or assist In tho provlsSon of facS111ios In tho Interests ol sodal wellarn. The Iruslees confimi th8t they have referred lo the guidance contsined in the Charity Commisston's general guidance on public benefit when reviewing the charity's aims and objedves and in pl8nning ftjlure actlvilies. Objectlves reflecllng the staled alms atovo are translalod into our core acllvilles. as oulllne(i below. The reliel of those in need, fin8nci81 hartlship, sickness or distress All of ihè projects that we undertake look lo addre$$ thls objective. Whether providing 8ff¢rdable lood for those In lood poverty or allending a court hearing with one of our tenants through our Genesis Housing prolecl. all our aclivlkn.es have some element ol bringing reliel lo those in distross. To advanco eduCal￿n We believe in th8 power of learning both to empower indiwduals and lo bo151er their sense of 58W-esleem. A number of our projects contribute lo this objective including Sticky Fingers Nursery which provide5 nursery education lo children aged 2 10 4, our after Scho￿ project and our Love Congo project suppyjrting 8 9chcKY in the D8mcthlic R6publSc of Congo. To provmle or assist in lh9 provision ol facilities in the interests of S(￿la1 wemare As part of our desiffj lo h6lp p6oplo out of homelessness we provi4Ye supported acLommcéalion through our Genesi5 Housing proje¢l. We currèntly have 3 properties prowding a lolal 0111 bed spac88 in the W8vertree area ol Liverpool. IMAGINE IF TRUST COMPANY LIMITED BY GUARANTEE TRUSTEES. REPORT ICONTINUED){INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 AUGUST 2024 Our partnèrs Wg would like to offer our thanks to all the organisatK)ns and individuals who have suprxirt8d us in our work this year. including all of our voluntoers, donors and sponsofs. Everything Imagine If Trust has achieved this year has been relianl on your valuable ¢ontn'bUt￿￿S. in all their Vor￿￿$ fomis. Thank you specifi￿llY to the follwing donors.. Acts 435 Benefact Trust CAF Foundgtion Feeéing Liv8rpcd Freyson Consulting Fronyine Tru81 Green Pastures Kid$ Matter LCVS LNerpcd City Council Mlch8el and Betty Little Trust National Lollory Communily Fund RadK) Cty Cash for Kid8 Safe Familles UK Steve Morgan Foundallon Tcgelher Livorpool IMAGINE IF TRUST COMPANY LIMITED BY GUARANTEE TRUSTEES. REPORT ICONTINUED){INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 AUGUST 2024 Achl•v•m•nts and p•rfomanc• Here is a qulck summ8ry of e8ch of the proiecls., Acts 435 provides a platform for one off needs lo b& listed on 8 websile anonymously arKI indivKIu81 donors match Ihose needs. This diracl givlrKJ provldes lasl. Ilnanual help io Ihe p6ople in need. 8mil Malle In partnership with the n￿￿onal charity Safe Famllies fof Chlldren, Family MatteTr provides intensive volunteef support lo vulneratsl8 families Tr￿￿0 are referred lo us by soclal work8rs. Foc* Hub The Food Hub is a ￿mMunitY Iwd store op8n each week whereby local r8sidents can loin up 88 members and 8ccess a whole ran9e ol discounled foods for a subscrtplion of £10 per month. Genesls Housing offers SUPFM)rted accommodallon lo those who would otherwlse te homel8ss or In hostel 8ccommodalion We oporale a lot81 of four propert188, houslng 11 tenants who receiva weekly SLJPPOrt, CO8chirKJ 8nd signposllng Into education. employm8nl or Iralnlng. A weekly coffee moming th81 offers companionship lo lonely and iso181ed oldef people in our communlly. Our le8m ol slafl and volunteers provide 8pace for a chal, lo shar8 In an Inter881 or hobby wlth c¢caslonal day Irips throughout the year, Our Love Con90 project worts alongside partner organlsab.ons in the Democratic Rapublic ol Congo IDRCI. we provide practical and flnancial support in a number ol areas lo help bflng about chanoe lo Ihese people, The m8in projects we support are based in the North East ol the country where Ihous8nds ol people h8ve been dlsplaced du8 io the ongolng cMflkt. Sticky Fingers Is 8 Pa￿ntIc8rer and toddler group aimed al prowding support lo pa￿nIS of young children. These 6esslons provide a quality environment for the parenl 8nd chilé lo explore Ihe art ol playing ltyelher. We provTrde relreshmenls and 108sI lor parents and children, 85 well as craft act1￿1109. 80ng lime and a hugo amount of SP8ce lo run aroundl Slick Fin ers D8 Nurse Sticky Fingers Day Nursery offers an excellent environment for leaming and development, for 2, 3 and 4-year- olds. The Nursery was18unched in 2015 with assi81ance from Liverpool Clly Councll who had idenllfied 8 specific need lor nursary provlsion in th8 L15 poslcoJe 8re8. The priorrty for the nursery Is lo offer places lo local parents who qualify for free nursery provislon. The Zon The Zone is our after-school club. started in September 2021 in ￿spOnse lo the Covid pandemic 8nd many Ioc81 familles needing extr8 provisbn. We now Nn a weekly session for school years 3-8. IMAGINE IF TRUST COMPANY LIMITED BY GUARANTEE TRUSTEES. REPORT ICONTINUED){INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 AUGUST 2024 Flnanclal rovlew Total income lor the year amounted lo £502,153 12023-. £474.gJ61. Total expenditure amounted to £465,145 12023". £505.3181. Overall. this has resulted in a surplus for th8 year of £37.008 12023". Defich £30,412). This resulted in a lotsl ol available unreslricled funds of £68.882 al the year end12023.' £21. 1121. Th8 Iruslaes have reviewed the financial status of the Trust. Overall, the plclur8 Is a positlv6 one bul wlth a recognition that the current economic climate remains challenging lor all 0rgani5akn.ons in the charity sector. In light of this, close monitoring of expenditure and cashflow management is required. With some generous supwrt Irom funders. we finlshed the Ilnancial ye8r in a slrong p)$Sfjon and have a flrm loundallon for Ihe Inevitable challenges that face an expatxling 0ry8nisalion In the years lo come. Looking ahead into 2025 and beyond, we continue to bè eonfidenl In our abilty lo deliver hkJh quality sèNcés which wlll enable us io achiev8 our primary objective$. Inv•itm•nt pollcy Thgre are no restrictions on Ihe Investment powers ol Ihe truslees. Our liquid funds 8re held in our current and savings accounts. Rourv•• poll Our reserves policy renects our desire lo maintain a liquid reserve lo draw on in the event ol any reduction in ouf donated income and lo provide a measure of protection lo the delivery our core objectives. We continue to aim lo have a fund ol free and Iiquld reserves equivalent lo £60k. Thls represents 3 months running costs and meets the criteria of our loan agreement with Kingdom Bank. Nel unreslricled current assols al the year-ond wore £53.87012023 £6.3741. See notg 23. Rl•k pollcy The Iruslèès ha￿ idenllfied thè follo￿n9 maln rlsks to our org8nisollon and r68pons8s lo thosé ￿Sk9 tsjllinod b810w. 1. Health and Saloty A Health and Salety poliy has beèn adopted. W¢)rk h85 been carried out on risk asBèssmenls ¢1 all exi5ts.ng 8fKI new activities 8nd new risk 8ssessmenls affj undertaken as required. Health and Salety induelion and Irainlng is provided for all Involved in prolecl work. 2. Child Protection & Vulnorable Adults Child Prol8Ction and Vulnerable Adu115 Policies are in place. The Tnjslees take ser￿uS1Y their resF*)nsibility lo protect and saleguard the welfare ol children. young people and vulnerable adults entru51ed lo Imagine Ifs care, and have all undertaken lor in the case ol new Iruslees have been booked onlol Trustee saleguarding training. One Trustee has also been assigned as Ihe Trustee Safeguarding lead. All those invow Inol just those who have access lo children. young people and vulnerable adults) are briefed on their re5pN)nsibililies and are made fully aware of the organisation'5 child protection and vulnerable adulls, policy and procedures. Those involved in 8ctivilies where they may have contact with children, young people or vulnerable adults are required lo undergo DBS checks. A Safeguarding Team has been appoinled and meets regularly lo ensure that the policy is being implemented and lo ensure that Ihe policy remalns both effective and up lo date. Effective processes are in place to escalate any safeguarding issues Irom the Safeguarding Tgam to the Trustee Safeguarding Lead lo the Trustee Board where appropll'ale. IMAGINE IF TRUST COMPANY LIMITED BY GUARANTEE TRUSTEES. REPORT ICONTINUED){INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 AUGUST 2024 3. Flnanelal Rl8k8 Guidelines are issued to all on propor ca8h handling procedur88 and ar6 updated al least once a year. Instruction5 are issued lo avoid making purchases in cash unless il 15 unavoidable. Internal departmental procedure5 have been stsndaT(Ji5ed. Departmental records and central accounts are monilored regularty and all departmental bLKJgel hoklers recEive monthly budget perfomiance reports. Wè retsive regular guidance on financlal risks from our ae¢ountanl. th6 Charity Commissbon, HMRC and varlous Ihlrd sector agencies. This kèeps us up io dalt with newèr areas of risk. Our accounlanl also advis68 us ol any specific areas ol weakness Ihal may be Identified during the annual independent examination, so that we can lake slep5 to c1)￿ect or prolecl again51 them. The Trusle8s have also appointed a lèad Trustee for finance lo ensure the Trus18e Board are appropriately sighted (In any significant financ181 risks. Plan• for lh• lulur• Our three key success factors lor the year ahead are.. Stories ol changed lives- all our adlvitles arg 01)oul poople and w slories ol lives thot have been supported lo changg are kgy lo our $uccgss. 2. Building partnerships- we recognise that supporting people will ollon lake a rango of services and so whethor il is strengthening links belween projecis within the Imaging If Trust portfolio. or eff8ctive signposting to other agenci8s, building partnerships is a core r8quirement. 3. Sustainability- whether it is excellent linancial management, good charity govemance, or effective lundraising, we recognise the need to $lrenglhgn su$lainabilily to ensure Ihal we can ¢ontlnue lo Sgrve In the years aheod, Structure, go¥•rn•nc• and manag•m•nt Imagine11 Trust is a registered charity and a cc*npany limhed by guarante8 incorporated on 15 May 2012. Managemènt of Imagln•11 Tru*t The Trusle8s oversee the legal and financl81 resFonsibililk8$ of tha Trust, and thèy mèèt fom)8lly as 8 board on 8 regular ba51s. The Iruslees also have responsibllily lor the overall direclion and vision ol the charity. Day lo day responslbilliy for the running ol the charity Is delegaled lo the Chief Exacuilve oificor and Ihe managemenl team working in conjunction with the various project leaders. Tru8te•8 The truslees. who ar8 also the directors for the purpose of c<>mpany law, and who served dudng Ihe ￿•r w8r6: Mr Christopher BuU8nd Dr Thomas Dwry Ichairl Mr James Sloan Mr Nalh8n Anderson Mr Thomas 88skeNille Mr James Burch Mrs Amanda Hgrgreave$ Mr Mark Wyss Mrs Helenor Watson (Resigned 25 July 20241 (Resigned 31 Decembor 2024 IApF(Jlnled 25 JL41y 2024} Non8 of tho Trustees has any beneficlal Snleresl In Ihe company. All of the Trustees are members ol the compar and guarantee lo contribute £1 in the event of a wnding up. Managom•nt Tgam James Sloan ICEOI until 31 December 2024, Jemma Orange IDevelopmenl Manager and from 1 January 2025 Inlerim CEO) , Helen Ann Atkins IOp8rats'ons Manager). Jon Mccowen (Early Years Managerl R8chel Marshall (Famlly Support Manager). IMAGINE IF TRUST COMPANY LIMITED BY GUARANTEE TRUSTEES. REPORT ICONTINUED){INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 AUGUST 2024 Small company provl8lon8 These accounts have been prepared Sn ac￿rd8Th¢O with tho specSal provlsi¢)ns r8laling lo small ts)mpanles wilhln Part 1 S of th8 Companiès Act 21Y)6. On behaw of the boar(J of Iru51ees Mr Mark Wy•• TrLJsloe Dated.. 29 May 2025 IMAGINE IF TRUST COMPANY LIMITED BY GUARANTEE STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 AUGUST2024 The trustees, who a￿ also the directors of Imagine If Trust lor the purpose of company 18w, are responsible for preparing the Trustees. Report and thè flnaneial slalemenls in accordance wilh applicablè law and Unitèd Kingdom A¢cLJunling Standards IUnit8d KiThJdom Gènerally Acctpled Acc¢JJntsng Prackn"cél. Company Law requires the trustees lo prepare financial statements for each financial year which give a true 8nd l&lr view of the stsle ol affairs ol the charrty an(J ol the incomlng resources and application of resources, Including the Ineom8 and ex￿n￿lI￿re, of the charilab16 company lor that year. In preparing thè58 fin8ncial slalemenls, the ITu8te65 are required lo.. - Select subtable accounts.ng polides and then 8PPty Ih8m consistently., - obseNe th6 m8thods and principl￿ Sn tha chan1￿$ SORP., make judgements and esllmale8 that are reasonable and prudent., stale whether applicable UK Accounting Standards have been Idlow6d, subjèct lo any matèrial dèparture8 dis¢l¢)sèd and explainad in the financi81 $t8lèmènt8', an¢J prepare the financial 31alemenls on the gdng Concern basls unless 11 iy Inapproprf8t8 lo presume that the charity will contlnue in op8ratlon. Thè Irusleès are responslble for keeping adequatè aceounting records that disclose with reasonable aceur8Cy at 8ny lime the fin8ncial posilion ol the charity and enable Ihem lo ensure Ihal the financial stsiemenl$ eornply with the Companies Act 2006. They gre 8150 responsible for safeguarding the assels ol thè tharily and hènee lor taking reasonable steps for the prevention and deleclion of fraud and other irregularili88. IMAGINE IF TRUST COMPANY LIMITED BY GUARANTEE INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF IMAGINE IF TRUST I rerth lo the Iruslees on my ex8mlnalitin ol the acctsjnls ol Imagine 11 Trust Ilhe charity) lor the year ended 31 August 2024. This report is made 501ety lo the charitys Iru5tee5, as a body. in accordance Section 145 of the Charities Act 2011. My examinats.on has been underlaken so th81 I wnKJhl 5fate lo the chant￿S Iruslees those matters I 8m required lo slate lo them in an In(Jependenl Examinerfs report and for no other purpose. To the lullesl 8xleni ￿mill￿d by law. I do not aceepl or assume responsibility to anyone other than the charlty and th tharills Irusl883 as a body, for my examinatK>n. for this roport, or for thè opinions I have lorrned. Ro¥p0nslbllltl￿ and ba*1* of report As the trustees of the charlly land also ts dlrectors for tho purpose$ of company lawl you are responsiblg for the preparalion of the finandal statements Sn accordance ￿th Iho requirements ol the Companles Act 2006 Ilhg 21)06 Acl}. Having sallsfied myself that tha accounts of the charlty are not required lo b8 audlled under Part 16 01 the 20C6 Act and are eligible lor Independent examination, I report in respect ol my ex8minalion of the charity'8 accovnls a6 carried out under section 145 of the Charilies Act 2011 Iihe 2011 Acll. In c8rying out my ex8minats.on I have fdlowe(J th6 Dlrecllons given by the Charity Commission under 88ctth 145ISKbl of the 2011 Ael. Ind•p•nd•nt •xamln•r'• Jt4t•m•nt Since the charity'5 gross income exceeded £250.000 your examinèr musl be a member of a bc*ty listed In seclion 145 01 the 2011 Acl. I confirm that l am qualified to undertake the examination because l am 8 member of the Inslllulè ol Ch8rtef8d AccounlAniS In Engl•nd an¢J W#l8s, whkh 1$ one of th811$18d bodiès. I have completed my ex8min8ts'on. I conflmi Ihol no mallgrs hove c(vne to my attentlon in connection with the examinalion giving me couse io bollgvo.. accounting records wets not kept in rèspect of the charity as required by section 386 01 th0 2006 Act,. or the financlal slalomenls do nol accor(I wilh those records., or Ihe lin8ncial statements do not comply wlh the accounling wuiremenls of 8ectbon 396 of the 2006 Act other than any rèquiremenl that thg accounts give a true and fair view which Is not a matter Considered as part ol an Independent examinalion., or thè financial slalemenls have not been waparéd in èccordèncè wblh th8 molhods and prindp￿s ol I Slalemenl of Recommended Praclice for accounting and reporting by charities applicable lo charities preparing their accounis in accordance wth the Financial Reportlng Standard applicable in lh8 UK and Republic of Ireland IFRS 1021. I have no concefns and h8v• ccme aCfOSS no other m8lters In connectlon wSth the examlnalion lo which 8ttenlion should be drawn Sn this report in order lo enable 8 proper underslandlng ol Ihe financial slalements lo be reacheé. LLI ( Ll c, li¢v,lffl 5 L4,lJ. L Tony St•nl•y ACA Mllchell Charlesworth Chartered Accounlanls Suites C, D, E & F 14th Floor, Thg Plaza 100 Old Hall Street Liverpool L3 9QJ England 30 May 2025 IMAGINE IF TRUST COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST2024 Currnnt fln•n¢lal y•ar Unr•strl¢t•d R•8trlcted fund$ lunds 2024 2024 Total Total 2024 2023 Notes Income from: Donations and legac Charitable activities Inveslmenls 59.747 186,700 1.603 51,167 202,935 110,914 389,635 1,603 123.012 351,095 Totsl In¢om• 248.050 254,102 502,152 474.9Cfj Chant8ble 8clivilies Olhor 187,134 278,010 465,144 503,718 1.6CQ 12 T¢A•l •xp•ndltur• 187.134 278,010 465,144 S05,318 N•t Incomlnglloutgolngl r•#ourc•• b•lor• trnn•f•r* 60,916 I23,￿8} 37,008 130,4121 Gross transfgrs bothen funds 13.1461 13,146 N•t mov•m•nt In fund• 47.770 110,7621 37,008 {30,4121 R•¢on¢lllallon of lund• Fund balances at I Soplember 2023 21. 22 21,112 81,S53 102,665 133,077 Fund b4l•n¢•s at 31 Augu•t 2024 21. 22 68.882 70,791 139,673 102,665 The slalemenl oi financial activities indud88 all gains and hxses recLyJnised in the year. All Income and expendllure derlve Irom ¢onts"nuing acllvilios. The movemenl in fundy dèl8Sléd abovè compl18$ wtth thè r8quSremènly for 8 $t•ièmenl of eh8ng69 in equity under FRS102. Thè statement ol financial acliviligs also compligs wlth the requiremgnis for an income and exponditure gccounl under Ihe Companies Acl 2006. IMAGINE IF TRUST COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST2024 Prlof fln4n¢lal y•ar Unrestricted R•strlcted funds funds 2023 2023 Total 2023 Not01 Income from: Donations and legac Charitable activities Inveslmenls 102,008 303,393 21.004 47,702 123,012 351,095 799 Totsl In¢om• 406,21XI 68.7C 474,S¥)6 Chant8ble 8clivilies Olhor 414,176 1,6(Kl 89,542 503,718 1,600 11 T¢A•l •xp•ndltur• 415,776 89,$42 505,318 N•t mov•m•nt In fvndl 19,5761 120,8361 130,4121 R•eoncllladon of funds Fund balance5 at 1 Seplemb6r 2022 30,688 102,389 133,077 Fund balan¢•• at 31 Augu•t 2023 21. 22 21,112 81,553 102,665 The stslemenl of finarri81 acltwlies indudes all gains and losseg rec(>anised in the year. The statement of finanaal activities indudes all gains and losses r8¢xgnised in the year. All Income and expanditurg dorivo Iiom ￿nIlnUing aGts'vikn8s. The movemenl in funds delalled at#)ve compllos with the r8qulremenls for a 818lem&nl of changes in equity under FRS102. The staiemenl ol finanaal aCb"vS￿e$ also complles with the requirements for an income and èxpenditure aceounl under the Companies Acl 2006. 10- IMAGINE IF TRUST COMPANY LIMITED BY GUARANTEE BALANCE SHEET ASAT31 AUGUST2024 2024 2023 Not•8 FSxod assets Tangible 35sels 13 160,247 163.687 Curr•nt a$•8t• Debtors Cash at bank and In hand 15 3,126 72,179 1,526 44.038 75,305 45,564 Cr•dltori'. amounts falllng du• wlthln one year 16 110,6441 117,6371 Net wrronl os801s 64,661 27,927 Tot•1 118èts l••• curr•nt Ilabllltl 224,908 191.614 Cr•dltors'. Bmounts f•lllng du• •ft•r mor• than on• y••r 17 185,2351 88.9491 139,673 102.665 Incom• lund• Restricted funds Unrestricted fund$ 21 22 70,791 68,882 81.553 21,112 139,673 102.665 11 IMAGINE IF TRUST COMPANY LIMITED BY GUARANTEE BALANCE SHEET (CONTINUED) ASAT31 AUGUST2024 The Company Ss enlrtled lo the exemplion from the audil requ1￿m￿nI contained in s8cts.on 477 01 the Compan￿6 Act 20L%. for the year 6nded 31 August 2024. The Injstees acknO￿edge their responsibilities for ensurin9 thot the charity keeps acc(yJnting records wh￿h cornply wilh seclion 386 01 Ihe Acl Ond for p￿parIng linancial stalemenls which give a true and fair view ol the slate of Bffaifs of tho company as 01 the gnd of the finandal yfjar and of its incoming re$ourc8s and appli¢ation ol resources, Including its income and expendilure, for Ihe flnancial year in accordanc8 with the requirements of $8ctlons 394 and 395 and which otherwise comply wth the requirgmgnts of thg Compani9s Act 2006 rolating ￿ financial slalemonts. so far a5 applicable lo thg company. The members have not requlred tho company lo obtain an audll of Its financl81 slalements for tho year In quesllon In 8ecordance wilh seclkjn 476, These financial slalemenls have beon propargd in acwdanco wlth tho provlsiDn$ ap￿1¢￿blO lo rnrnpan￿$ $ubjo¢t lo the small companies regime. The flnoncial 818temenls were approved by the TnJslee8 on 29 May 2025 Mr Mark Wyss Tru•t•• Cornp•ny r•gl•tratlon numb•r 80697 Type text here 12- IMAGINE IF TRUST COMPANY LIMITED BY GUARANTEE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST2024 2024 2023 Not•s Cash Ilov4s from operatlng actlvltl•¥ Net cash (used inJ/provided by oper•ling 24 •¢tfvltles 30.252 126.789) Inv•ollnq actl¥ltl•• Proceed5 on diSFosal of tangible fixed assets Inleresl recerved 1.310 799 1.603 N•t ca•h g•n•rnt•d from Inv•¥tlng actlvltl•8 1.603 2.109 Fln•n¢lng •ctlvltl Repayment of bank loans 13.7141 12.833 N•t c••h uMd In fln•nclng •ctlvltl•8 13.7141 12.833) Not Incroa••lld•¢rna••} In u•h •nd ca•h •qulv•l•nts 28.141 127,513) Cash and cash equivalents al beglnning of year 44,038 71,551 Ca•h and cash •qulv•l•nt• at •nd ol y•ar 72.179 44,038 13- IMAGINE IF TRUST COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST2024 Accountlng poll¢lo8 Charity information Imagine 11 Trust Is a private eompany IlmSled by guarantee Incorp)r8t6d Sn England and Wèl6s. The rtgistered office is Fronlline Cenlre. 147 Lawrence Road. Liverpool. L15 3HA. 1.1 A¢¢ounllng ¢onvgntlon The accoun15 have been prepared in ￿￿oIdance %￿th the chariV$ Memorandum and Articlgs of ASS￿l?￿Ort. the Companies Act 2006 and 'Accounting and Reporting by Charilies.. Statement ol Recommendad Praclice applicablo to charities preparing their accounts in accordancg wth Ihe Finanaal Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" las amended for accounting periods commencing from 1 Jarbuary 20161. The charity K8 a Publlc Benefit Enuly as defined by FRS 102. The accounls are prepared in s18ding, which Is the functional cuffency of the charlty. Monetsry amounts in these fin8ncial slalements are rounded to the nearest £. The accounts have been prepared under the historical ¢*51 convention. The principal accountin9 polic adopted are Sel out below. 1.2 Golng concern Al Ihe time ol approviry the accoun15 th8 Trustees hav8 8 rea￿nable expectalbn ihal the chority has adequate resources to continue in operational existencg lor the foreseeable future. Thus, the Trustees onts'nue lo adopl the 'going ￿Cern. basls ol acwntiro in preparing the accoun15. 1.3 Ch•rltabl• fund• Fun¢J8 hèld by Iho charlty are: Unr8slricl8d general funds- these are funds which can bè used in accord8nc8 with the charita￿t objects al the discrekn'on ol the Iruslees. Reslricled funds - thè88 are funds that csn only be ustsd lor particular r851ricléd purposes wilhln thè objects of the charity. Reslrictlons anse when sp8cified by the donor or when funds are raised for particular reslricled purposes. Further explanation of the nature and purpose of each fund 18 Included In the notes lo the account5. 14- IMAGINE IF TRUST COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2024 Accountlng poll¢l•s IContlnu•d) 1.4 In¢om• Donation and18g8cy Income Ss rec￿nISed where there Is enlitlemenl, certalnly of recelpt and the amount can be measured with suffi'cient reliabilrty. Such income is only deferred when the donor has Imposed condth'ons which musl be mel b&fore the charty has unconditional entiuemenl. Inve8lmenl Inc£¥ne is recognlsed on 8 receiv8ble b8818, Income from charilable activlties Includes Income recelved under (￿lIracl or whore enlillemenl lo grant fundin9 is subjecl lo specific performance conditions is recognised as eamed las the related gwds or services are provided). Gr8nt income induded in this calegory provides funding to 8UPPOrt pertomiance activities and is recognised vknere there is enlifjemenl, cert8lnty ol receipt and the amount can te me8sured with sufflaenl rellabillly. On occasions where Ihe charity received assistance in the fom) of donal8d goods and facillties, and the benefil is quanliliable and material, an appropnale amount is included in income and an equivalent amount as expenditure under the rdevanl heading. The value of services provided by v(Sunleers h88 not been included In these accounts. Income from donal8d servlces and fadlilles Is Included in Income al a valuallon whlch Is an estimate ol Ihe financial cost borne by the donor where such a cost is quanlili8ble and measurable. No Income is recognlsed when Ihere Is no flnancial co81 tome by a third party. 1.5 Exp•ndltur• l expenditure is accounted lor on an accruals basis and has been Classifled undof headlngs Ihal aggregale all costs related lo the category. The irrecoverablo olemenl of VAT is included with Ihe ilem of exponses io which rt felatD$ as this cannot be recovergd by lh9 charitable company. R8ising lund$ ¢ompn's8s thosg ￿St8 incurrgd by the charity in the d81ivory of lundr8i9ing gvenls. Charitable 8¢liv1t￿S comprises those cosls Incurred by Ihe charity in the dellvery ol ils octlvilkgs and 8eNI for its benoflciarles. Also includgd is Govemance costs which are associated wilh rneeting the conslltulion81 and 818tulory requirements of Ihe charity. 1.0 Tanglbl• flx•d aos•t• Tangible lixed assets are measured al cost and. nel of depfèelalion ènd ony im￿l￿8ftt kJs$es. Al 8ssels costing more Ihan £1.000 are capilalised al cost. Dèpreciation Is provlded al rates calculated lo wdla off the c08t less esllmaled rosklual valuè of each 8$801 over its expecled us81ul life. as follows.. Freehold buildings Flxlures. fittings & equipment Compulers Molor vehiclos VA p.8. on a straight line basls 33V• P.8. on a slralghl Ilne basis 33% p.a. on a slralght Iln8 basis 25% p.a. on a straight line basis Freehold land is rKJt depreuated. The gain or 105$ 8rising on the disposal ol an Èssel is determined as the difference beh¥een the sale proceeds and th¢ carryirrfJ value ol thè awl, and is raeognised In nel incomèllexpendllurel for yèar. 15- IMAGINE IF TRUST COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2024 Accountlng poll¢l•s IContlnu•d) 1.7 ImpaSm•nt of flxèd a$••t• Al each reportlng end dale. the charSty re¥Aews the (arrying amounts of its tangible assets lo delemiSne whether there is any indication that Ihos8 assets have suffered an impairment loss If any such indication exists, Ihe recoverable amounl ol the assel is estimated in order to delemiine the exlenl ol Ihe imp8imienl loss Ill any). 1.8 CJ•h •nd ¢•$h •qulv•l•nt$ Cash and cash equivalents include ￿$h in hand. deposils hehd al call with banks, other 5hort-lerm liquid investmgnts with original maturities of thro8 monlhs or less, and bank overdrafts. 1.9 Flnanclil In•trum*nts Th8 charity has 8l&cled lo apply thg provisions of Section 11 'Basic Financial Inslruments. and seCt￿n 12 '0thgr FinorKio1 In$lruments Issues ol FRS 102 10 all of its lingncial instruments. Flnancial instruments aro recognised In Ihe charllls balance sheel when Ihe thafily b8com88 party ¢0 the conlraclual Pfovisions of the inslrumenl. Financial assets and liabilitles are offset, with th8 n8t amounts presented in the financial statements, when Ihere is a legally 8nforceable righl to set off the rgcognlsed 8mounls and Ihere 1$ On intenb'on to settlg on nel b8$i$ LY lo reglise tho asset and setlle tho Ilabilily Slmullaneously. 8•$1¢ fln•n¢l•l •s$ets 8asic flnancial assets. which incluée deblor8 and cash and bank balances. are inillally measured al transaclion price Including Irans8clion costs and are subsequenlly carried al amortlsed cosl using the effecllve Inleresl moth￿j unless the arrangement conslllules a finan¢in9 Iransaclion, where the Iransaclion is measuced al Ihe p￿sent value ol the lulure receipls discounted al a market rate ol inl&r&81. Financial assets classified 8s recelvable ￿thIn one year are not amortised. 8•slc fln•ncl•l Ilabllltl•* Basic financial liabilities. including creditors and bank loans are initially recognised 8t Ir8nsactpJn price unles8 the arrangement conslilules a flnancino Iransaclion. where the debt instrument is measured al the present value ol the future paym8nls ¢Jiscounled al a market rate of Intere81. Financial liabllilies classlfied as pay8bl8 within one ye8r are not amortised. Debt instrumènts are subwuenlly Carrh￿ al amortised cost, using the effectiv8 interest rale melhcd. Trade creditors are oblKJ8ts"on8 to pay lor goods or seNice8 ihal have been acoUl￿d in the ordinary course ol operalions from suppliers. Amounts payable are cla8s1fl8d 8$ currenl118bili1S89 11 payment is wilhin one year or less. 11 not, Ihey are presented as nonns from tsxalion afforded by lax legislat￿n and is not IlatA8 to corpofabon lax on income of gains falling within Ihose exempts"ons. RO￿Very is made ol tax deducted from qualifying income and from receipts under Gift M'd. The charity is not able lo recover Value Added Tax. Expenditure 18 recortjed in the accoun18 induslve of VAT. Crttlcal accountlng estlmat•8 and Judgem•nt• In the appllcalion ol the charity's accounting F<)1Scies, the Iruslees are requlred lo make ludgemenls, esllmales and assumptions aboul the carrying amount ol assets and Iiabilitses that are not readily apparenl from olher sources. The esknm8tes and associ8led assumptions are based on historical experience and other factors that are considered lo be relevanl. Aclual results may differ from these eslimales. The estimates and undedying assumpllons are fevlewed on an ongoing basis. RevSsions lo accounting eslimales are recognised In Ihe peric#J in whlch the 8slimale is revised where the revision affects only th81 period, or in Ihe perfod of the revision and future pericés where the revision affects both current and future periods. hen preparlng Ihe acL))unts there wore any crS1ic81 accounllng esllmalos applied. Donatlon• and l•gacl Unr••trlct•d R••trl¢t•d fund• lund• Tot•1 Unrestricted Reslricled funds funds Totsl 2024 2024 2024 2023 2023 2023 oon8ts.ons and grfls Core granis 18,437 41.310 51,167 69,604 41,310 60,698 41,310 21,004 81.702 41,310 59,747 51,167 110,914 102,008 21,004 123.012 Grants rncoivabl• for core activitie• Fronllbne Trust 41,310 41,310 41,310 41.310 41.310 41.310 41.310 41.310 17- IMAGINE IF TRUST COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2024 Charltabl• a¢UvlU•s Th• r•llof of h•Td•hlp and advancernent of education 2024 The relief of haruiklln Fixturns. Comput•rs flttings & oqulpmenl Motor vehlcles Total Cost Al 1 Soplomb8r 2023 172.000 2.500 2,892 8,760 186.152 Al 31 Augusl 2024 172,000 2,500 2,892 8.760 186.152 D•pr•clatlon Al 1 September 2023 Depreciatson charged In the year 8.313 3,440 2.500 2.892 8,760 22.465 3,440 Al 31 Augusi 2024 11,753 2,500 2,892 8.760 25.905 Carrylng •mount Al 31 Augusl 2024 160,247 160.247 Al 31 Augusl 2023 163.687 163.687 Kingdom 8ank hok18 8 legal chargè over 160 L8wencÈ Road, Liverpod. Klngdom 88nk al80 hold a floating ¢h8rge over all the furniture usad in Ihe property of Ihè charfly. Al 31 August 2024 the amount owad lo Klngdom Bank was £88.64412023- £92,359). 14 Flnancl•l In•trum•nt• 2024 2023 C•rrylng *mount of fln•ncl•l •stst• Debl instruments measured al cost 75.305 45.564 Carryln9 amount of flnanclal Ilabllltl•s Maasured al cosl 94.858 97.037 15 Dgbtor• 1024 2023 Amount• l*lling du• within on• yur: Trade debtor¥ Other debtor8 140 2,986 1.500 26 3.126 1.526 IMAGINE IF TRUST COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2024 16 Cr•dltor8: amounts fAllSng du• wlthln on• y•ar 2024 2023 Not•s 8ank loans Othèr taxation and soo81 security Trade credilors Other creditors Accruals 18 3,410 1,021 970 1,389 3,854 3.410 9.549 526 3.358 10,644 17.637 17 Cr•dltor•: •mounts falllng du• after mor• than on• yg•r 2024 2023 Not•• Bank loans 18 85.235 88.949 The bank 108n 1$ secured by a legal charge over the charills proporty 88 del8ilgd in the fixed assel 8nd borrowng noles. 18 Lo•n• and ov•rdr*fts 2024 2023 8ank loans 88.645 92.359 Payable ￿thIn one year Payable afttr one year 3.410 85,235 3.410 88,949 Amounts ine4udèd abovè whKh lall due after fN8 yearn.. Payablo by Inslalmenls 75,005 78.542 Tho bank loan 18 socured by legal chory over Ihe ch8rSty'$ propety In Lawrence Road. Lherpool. 19 R•tlr•m•nt b•Mfft sc￿M•8 2024 2023 D•fin•d contrlbutSon Schomos Charge lo profil or loss In respect ol defined conlrlbulK)n schemes 10.195 10,527 The charity operales a defined e4)nlnbulion pension scheme for 811 qu81ifying 8mployees. Th8 assets of the scheme are held separately from those of the charity in an independenuy administered fund. -23- IMAGINE IF TRUST COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2024 20 Opèratlng 1•&80 commltmènts Al the ieportlng end dale the charlty had oulslanding commltsnents for future mlnimum lease payments un(ier non-cancellable operating leases, wh￿h fall due as follows." 2024 2023 Within one ygar 6,075 5.775 -24- IMAGINE IF TRUST COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 21 R•$trl¢tod funds The restricted furKls of the chanty comprise the unexpended balance5 of IlonatK>ns arKI grants held on trust 5Ut¥ect to s￿[fic cOndrt￿ns by dorrfx5 a5 to how they may L* used. Movement in funds Movgment in funds I S•pt•mbor 2022 31 Auguoi 2024 2023 Fcrf)d Hub Love Con Chrislmas meal Genesis Housing nking INes Family Matters Acts 435 Sts'cky Fingets Nursery Sticky Fingers Catalyst After School Other fvnds 12.679 18.460 {11.6011 140.509) 4.870 {7.3161 550 77.567 1.250 15.1861 740 1.930 20.212 39.614 {25.0821 {39.6141 14.733 7.316 72.582 1.2 710 146 1,930 2,618 5,174 12.226 (7.241) 28.520 6.654 26.405 3.535 122,876 726 (46.0871 12,8931 125.5591 14.2111 (124,8061 {7261 12,9131 16.1191 60,CQO 5.011 17,556 7,285 123,4521 16.6911 5.186 2.618 5.174 16441 2,205 2.115 11.096) {481 102.389 68.7( (89,542) 81.553 254,102 1278.0101 13.146 70.791 FCCAJ Hub is a projecl offer*ig those on kxf *)ccAro an c$fo￿nty weekty grrx*nes at discrAJnted (xi￿. L¢)v8 Congo Ss 8 proied prowtliw SUPF** lo our partrws in the OemcKxth Reput1￿ of Cry). This fuNJiTr3 indudes the M8dKal Centre whith is an aspect of (￿r Love Congo work spectht21ty aimed at ¢Jevelw'ng a med￿1 c*ntre in Kasindi - the Ugandan tyyder. This ftjnd also in¢lu¢Jes Chibj SupF¥Yt which SUPkNJts JpiL8 and teachers in a sctrNxS in DR Cw. IMAGINE IF TRUST COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 21 Restrlcted lurMI$ (Contlnued} Chri$¢mas Meal is 8 woiect FffOVKling o meal cffi Chrislmos Ooy eath year those *rwld 0th8rww be oh)ne cr unable to hove one. Genesis Housing is a projecl that provttjes suppyted acComr￿)1ati¢)n for Ihose ¥•￿1d othepmse be honWess. Inclu￿1 in the funds balance is a donation of £60.000 from the Stev8 Morgan FoundatK)n towards th8 purchas8 of a propgty to b8 us8d for th8 proj8cI. These funds are r8Strict8d to being used for this proj8Ct for a Feriod ol seven years from Apn'l 2021 at which point Ihey V￿11 become unrestricted. 11 the property is sold prior to the end ol this seven year penod then Ihe monies will l￿d lo be retumed to the d￿￿)r. Unking Lfves, FcTrver young is a PToJe¢i thal matcths i8ola¢ed indNKJual$ with those WI￿ have Somo tim8 to bofrioTrJ and support thgm. Family Matters is a project that provides SUFWt to faThNlies ¥hK> would 01he￿ise requiro rvw)ro synificant Interven￿ from Social Care. Acts 435 is a partner project thgt c(￿neCt5 to those atk to make donations V*ith one off finanaal assists￿e. Sticky Fingers Nursery incoTh Is pmwd8d by LNevF(d City Cwncil whith r8PTesant toas oarfy years to w&schwl ¢hldr8n. Catatyst relates to an intemal albocath)n for staff SUPF*Nt arKI ¥•Ellbeir#J. After school dub stsrted in September 2021 in resFonse lo the Covid pandemic and many kt41 fam*es ne&JiThJ extra prowswjn. We ntrw run a weekly sewon for s¢hc(4 years 34 wilh an aveT&3e 0160 chiklren èach we8k. Other funds relate5 to smaller projects that are ge￿ralty short term arKI meet a 5peafic need. IMAGINE IF TRUST COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2024 22 Unrostrl¢t•d lund8 The unrestricted funds of the charity comprise the unexpended balances of donations and grants which af not subject to specific conditions by donors and 9rantors as to how they may be used. These include designated funds which have been set aside out of unreslricled funds by the Irustees for specific purposes. Incomlng Resource• r••our¢•s •X￿nd•d Transhrs At 31 Augu•t 2024 S•ptsmb•r 2023 General lunds 21.112 248.050 1187.1341 113.1481 68.882 Pr•vlou• y••r: At1 8•pt•rnb•r 2022 Incomlng Rè8ourc61 r••ourc•• Oxpondod Tran#f•rn At 31 Auguit 2023 Ge￿ra1 lunLI$ 30,688 406,200 1415,7761 21.112 23 Analys18 ol not a•Mts b•twMn fund• Unre•trf¢t•d R••trfct•d fund• lund• 2024 2024 Total Unreslricled Reslricled lunds funds 2023 2023 Total 2024 2023 Fund ba18nc88 al 31 August 2024 a￿ rep￿Sented by.. Tanglbl& assets Current aS￿lS11118bllilI08I Long term liabilities 100,247 53,870 {85,2351 60,OCQ 10,791 160,247 64,661 185,2351 103,687 6,374 188,9491 60,000 21,553 163.687 27.927 188.9491 68,882 70,791 139,673 21.112 81,553 102.665 27- IMAGINE IF TRUST COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2024 24 C••h g•n•rnt•d Irom ¢>p•ratlon• 2024 2023 N•t f•xpendltureylncom• lor tho y••r (as por th• $t*twn•nt of Iln4ncl•l ctlvltles) 37,008 30.4121 Adjustmenls for.. Investm8nl incomo recc¥3nisod in Ihfj statem9nl of financlal activities IGainyIos5 on disp0581 of tangible fixed assets Depreciats"on and Impairment of tangible fixed assets (1.6031 17991 1.600 3.440 3.440 Movements in working capital.. Ilncreasel in debtors IDecr8aseVlncr&a68 in credSlor8 11.6001 16.9931 17001 82 C••h g•norat•d Iroffll{ab#ort￿d by) op•r•tlon# 30,252 26.7891 25 R•l•t•d party tr•n•adlon• R•mun•ratlon of k•y mana9•m•nt p•r•onn•l The remuneration of k8y management personnel Is 88 ftYlcr148. 2024 2023 Aggregate vJmpensalh)n 37,795 35.762 Dudng the year the company enlergd into the folbowirva Iran88clions ￿th related portb¥'. Froniline Trust Is an Independenl charitable company. Durlry the year Frontline Trust has assi8led Imgglne If Twsl by providing granls. Until 31 Decembor 2024 James Sban w8s 9 trusle• and was also eM￿0yed as CEO of the ¢h8rity. He is also a trustep of Now Hope Trust who are partnering with Imagine 11 Trust in developlng a me(Jical centre in the DRC, Imagine If Trusl pfovided g￿nts (see note 71. Twstees donaled o lolal of £1,240 during the ye8r. There were no other rel8led party transactions in the year. 26 Comp•ny Ilmlt•d by gu•rnnt Imagine If Trust is incorporated under tha Companies Act as a company limited by guarant88. Tho liabilty of the members is limited to £1. -28-