EXPERT IMPAcr
Charity No. 1157065
Company No. 08534905
Trustee5' Report and Unaudited Accounts
31 May 2024
Charity Commission
I OMAR 2025
Recorded Received

EXPERT IMPACT
Contents
Pages
Trustees, Annual Report
Statement of Fina ncial Activities
Summary Income and Expenditure Account
Balance Sheet
2to4
Statement of Cash flows
Notes to the Account5
Detailed statement of Financial Activities
IOto16
17to18
Page I

EXPERT IMPAcr
Trustees Annual Report
The trustees, who are also directors of the charity forthe purposes of the Companies Act 2UO6.
present their report with the unaudited financial statements of the charity for the year ended 31
May 2024.
REFERENCE AND ADMINISTRATIVE DETAILS
Company No. 08534905
Charity No. 1157065
Registered Office
Sabat Accountants Suite Gl
Hartshorne House
DeEta Gain
Carpenders Park
WD19 5EF
Directors and Trustees
The Directors of the charitable company are its Trustees forthe purposes of charity law.
The following Directors and Trustees served during the year:
C. DownÈe
P. Holbrook CBE
S.M. Kanji
Accountants
Love Your Accountants Ltd
2A The Quadrant
Upper High Street
Epsom
Surrey
KT17 4RH
OBJEcfivES AND ACflVITIES
We want to live in a world where all businesses help solve the problems we face as a planet. We believe
mi55ion led businesses and social entrepreneurs are the exemplar to drive this PQSitive shift in business
practice. We seek to support these new and scaling entrepreneurs through direct connections and expert
impact from some of the world's most successful entrepreneurs.
Our expert network now includes 90 of the world's most successful entrepreneurs lour Experts) and in the
year. new relationships were set up with c40 social entrepreneur5. Our Experts invest their time without
charge to these entrepreneurs to help scale their environmental or social mission.
In total nearly 550 entrepreneurs have benefitted from our incredible experts in our curated one to one
spark sessions. New idea5 ore ignkted. Doors are opened. Networks are created. and even new board
members are acquired". Whilst we can'ttake credit forthe growth of those businesses our mentors work
with, we do track their progress. The Expert Impact experience in 2023/24 built on our net promoterscore of
9.7 and 6 months after an initial Expert Impact session. 49% of mentees have grown trading revenue and
29% have increased their headcount.
Page 2

EXPERT IMPAcr
Trustees Annual Report
In addition to maintaining our mentoring program this year, we focussed our efforts on developing trading
income via a speaker bureau, Expert Impact Speakers. In the year £8,000 of trading profits were passed back
to Expert Impact as unrestricted funds.
ACHIEVEMENTS AND PERFORMANCE
During the second part of the year our Executive Director Karen Lynch passed the baton to Andrew Croft who
has started to work up a future strategy. We said goodbye to Heather Labanya who had diligently worked to
match our mentees with appropriate and beneficial mentors and arrange our Social Enterprise Mingles with
5UPPOrters such as the Conduit Club who provide free Space for this.
As a result of these change5 and with some sharing of systems with our sole member Social Enterprise UK we
have managed to further reduce cost from the organisation.
Simultaneously we have introduced a new way of working with mentees. Alongside our core product of
advice from a recognised expert in their field for a consultation we have developed a more in depth
mentoring arrangement. We plan to develop this to c5 organisations per annum who will receive regular long
term mentoring to help develop their impact and organisation. To date we have helped / are helping three
organisations in depth:
l. discover.org.uk A children's play and literacy organisation in Stratford, London. We worked with the CEO
to help her define her operational priorities and source a part time expert to deal with these. We then
continued to support in terms of raising finance grant and loan for her immediate needs. This culminated in
an offer to her of £330K of support.
2, BANG Edutainment. WE ARE BANG l About U5 A minority led, Brent based organisation working with
predominately young people. We helped them by linking With experts in the requisite field5 and directly
mentoring the CEO to develop a Social HMO concept to provide supwrt to young minority individuals at risk
of homelessness. The model is to house these individuals while Simultaneously providing support in financial
literacy, entrepreneurship etc... all of which is provided from the LHA allowance and ultimately at cohort
expiry share the profit that would usually go to business owners with the indtviduals to give them private
rented sector deposits or seed capital for a business. We continue to work with this organisation into 24125
and hope to help them raise the capital required to deliver the finished product to market.
3, We are working in collaboration with a SE coaching organisation -Bubble Chamberf,, to help a consortia of
refugee or8anisations come together to create a one stop shop for refugees in London. This will see services
and seTvice referrals in a far more joined up manner and make it significantly easierfor refugees to
understand the support available to them. To date we have helped form the working group, create a shared
aspiration / goal for the organi5ations. This project will definitely take some time and we anticipate wil
continue through 24125 in terms of financial modelling, Selection of building and raising of finance.
PLANS FOR FUTURE PERIODS
We are seeking to develop furtherthe in depth support to create very tangible impact beyond the high
approval rating from mentees of the expert assistance meeting.
Additionally we hope that there may be an opportunityto develop some consultancy. We have links to many
experts and skills and could provide these on a paid basis to those who need them - interim management
etc... and this could help to provide core funding which is currently difficult to access as a second tier
organisation. We also hope that we can increase the business for our speakers bureau "Expert Impact
Speakers" which gifts IOOYO of its profits to Expert Impact.
Page 3

EXPERT IMPAcr
Trustees Annual Report
5rRU￿uRE. GOVERNANCE AND MANAGEMENT
The charity is controlled by its governing document, a deed of trust, and constitutes a limited COTnpany.
limited by guarantee, as defined bythe Companies Act 2006.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at
any time the financial position of the charity and to enable them to ensure that the financial statements
comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the
charity and hence taking reasonable steps forthe prevention and detection of fraud and other irregularities.
The above report has been prepared in accordance with the provisions applicable to companies subject to
the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the
Charities SORP (FRS 102).
Signed on behalf of the board
S.M. Kanji
Trustee
30 September 2024
Page 4

EXPERT IMPACT
Independent Examiners Report
Independent Examiner's Report to the trustees of EXPERT IMPACT
I report to the charity trustees on my examination of the financial statement5 of EXPERT IMPAC[ for the year
ended 31 May 2024.
Responsibilities and basis of report
As the charity's trustee5 of the company {and also its directors for the purpose5 Df company lawl you are
responsible for the preparation of the financial statements in accordance with the requirements of the
Companies Act 20061'the 2006 Act.
Having satisfied myself thatthe financial ststements of the Charity are not required to be audited under Part
16 of the 2006 Act and are eligible for independent examination. I report in respect of my examination of
your charity's financial statements as carried out under section 145 of the Charities Act 20111'the 2011 Act'l.
In carrying out my examination I have followed the Directions given by the Charity Commission under section
14515> Ibl of the 2011 Act.
Independent examiner's statement
I have completed my examination. I can confirm that no material matters have come to my attention in
connection with the examination giving me cause to believe:
• accounting record5 were not kept in accordance wtth section 386 of the 2006 Act . or
the financial statements do not accord with those records; or
the financial statements do not comply with the accounting requirements under sertion 396 of the 2006
Att other than any requirement that the f5nancial statements give a 'true and fair, view which is not a
matter considered as part of an independent examination. or
• the financial statements have not been prepared in accordance with the methods and principles of the
Statement of Recommended Practice for accounting and reporting by charities applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of I reland IFRS 102).
I have no concerns and have come across no other matters in connection with the examination to which
attention should be drawn in this report in order to enable a proper understanding of the financial
statements to be reached.
Love Your Accountant5 Ltd
2A The Quadrant
Upper High Street
Epsom
Surrey
KT17 4RH
30 September 2024
Page 5

EXPERT IMPAcr
Statement of Financial Activities
for the year ended 31 May 2024
Unrestricted
funds Total fvnds Total funds
2024
2024
2023
Notes
Income and endowments
from:
Donations and legacies
Other
8,073
500
8,073
500
86,524
Total
8,573
8,573
86,524
Expenditure on:
Charitable activities
48,516
48,516
140,603
Total
48,516
48,516
140,603
Net gains on investments
Net expenditure
Transfers between funds
(39.943)
(39.9431
(54.0791
Net expenditure before other
gainslllosses)
{39,9431
(39,943)
(54,079)
Other gains and losses
Net movement in funds
(39.9431
(39.943)
(54,079)
Reconciliation of funds:
Total funds brought forward
29,487
29.487
83,566
Total funds carried forward
(10,456)
(10,456}
29,487
Page 6

EXPERT IMPACT
Summary Income and Expenditure Account
for the year ended 31 May 2024
2024
2023
Income
8,573
86,524
Gross income for the year
8,573
86,524
Expenditure
45,819
138,098
Interest payable
2,241
1,692
Depreciation of fixed assets
456
813
Total expenditure for the year
Net expenditure before taxfor the year
48,516
140,603
(39,9431
(54,0791
Net expenditure forthe year
(39,943)
(54,079)
Page 7

EXPERT IMPAcr
Balance Sheet
at 31 May 2024
Company No. 08534905
Notes
2024
2023
Fixed assets
Tangible assets
30
486
30
486
Current assets
Debtors
Cash at bank and in hand
io
20,883
48,902
69,785
128,311}
41,474
38,522
139.088
177,610
(83.378)
94.232
Creditors: Amount falling due within one year
Net current assets
li
Total assets less current liabilities
41.504
94,718
(65,2311
29,487
Creditors: Amounts falling due after more than one year
Net {liabilities)/assets excluding pension asset or liability
Total net (liabilities)/assets
12
151,960}
110,456)
(10,4561
29,487
The funds of the charity
Restricted funds
13
Unrestricted funds
General funds
13
110,456)
(10,456)
29,487
29,487
Reserves
13
Total funds
110,456)
29,487
These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies
Act 2006 relating to sm311 companies.
For the year ended 31 May 2024 the company was entitled to exemption under section 477 of the
Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the
Companies Act 2006,
The directors acknawledge their responsibilities for complying with the requirements of the Companies Act
2006 with respect to accounting records and the preparation of accounts.
Approved by the board on 30 September 2024
And signed on its behalf by:
5.M. Kanji
Trustee
30 September 2024
Page 8

EXPERT IMPAcr
Statement of Cash flows
for the year ended 31 May 2024
2024
2023
Cash flows from operating activitie5
Net expenditure per Statement of Financial Activities
(39,943)
154,079)
Adjustments for:
Depreciation of property, plant and equipment
Dividends, interest and rents from investments
Decreaselllncreasel in trade and other re￿1Vable$
IDecreasel/lncrease in trade and other payables
456
(500)
17,639
(54,2171
813
138,5221
60,250
Net cash used in operating artivities
(76,5651
{31,5381
Cash flows from investing activities
Dividends, interest and rents from investments
500
Net cash from investing activities
5Crf)
Cash flows from financing artivities
Movement in borrowings
{13,2711
35,724
Net cash (used in)Ifrom financing activities
113,271)
35,724
Net (decrease)/increase in cash and cash equivalents
(89,3361
4,186
Cash and cash equivalents at the beginning of the year
139,088
136,569
Cash antl cash equivalents at the end of the year
49,752
140,755
Components of cash and cash equivalent5
Cash and bank balances
48,902
139,088
48,902
139,088
Page 9

EXPERT IMPAcr
Notes to the Accounts
for the year ended 31 May 2024
l Accounting policies
Basi5 of preparation
The financial statements have been prepared in accordance with Accounting and Reporting by Charities:
Statement of Recommended Practice applicable to charities preparing their accounts in accordance with
the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 {effective I
January 20151- {Charities SORP IFRS 10211, the Financial Reporting Standard applicable in the UK and
Republic of Ireland (FRS 102) and the Companies Act 2006.
Change in basis of accounting or to previous accounts
There has been no change to the accounting policies (valuation rules and method of accounting) since
5ast year and no changes have been made to accounts for previous year5.
Fund accounting
Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the
general objects of the charity.
These are unrestricted fund5 earmarked by the trusteesfor particular purposes.
These are unrestricted funds which include a revaluation reserve representing the
restatement of investment assets at their market values.
These are available for use subject to restrictions imposed by the donor or through
terms of an appeal.
Designated funds
Revaluation funds
Restricted funds
Income
Recognition of
income
Income is included in the Statement of Financial Activities (SoFA} when the charitv
becomes entitled to, and virtually certaTn to receive, the income and the amount
of the income can be measured with sufficient reliability.
Income with related Where income has related expenditure the income and related expenditure is
expenditure
reported gr05s in the SOFA.
Donations and
legacies
Voluntary income received by way of Erants, donations and gifts is included in the
the SOFA when receivable and only when the Charity has unconditional
entitlement to the income.
Tax reclaims on
Income from tax reclaims is included in the SOFA at the same time as the
donation5 and gifts gift/donation to which it relates.
Donated services
These are only included in income (with an equivalent amount in expenditurej
and facilities
where the benefit to the Charity is reasonably quantifiable, measurable and
material.
Volunteer help
The value of any volunteer help received 15 not included in the accounts.
Investment income This is included in the accounts when re￿1Vable.
Gains/{losses) on
Th¥s includes anygain or loss resulting from revaluing investments to market value
revaluation of fixed at the end of the year.
assets
Gain5/11osses) on
investment assets
This includes any gain or loss on the sale of investments.
Page 10

EXPERT IMPA
Notes to the Accounts
Expenditure
Recognition of
expenditure
Expenditure is recognised on an accruals basis. Expenditure includes any VAT
which cannot be fully recovered, and is reported as part of the expenditure to
which it relates.
Expenditure on
These comprise the costs associated with attracting voluntary income, fundraising
raising funds
trading costs and investment management costs.
Expenditure on
These comprise the costs incurred by the Charity in the delivery of tts activities and
charitable activities services in the furtherance of its objects, including the making of grants and
governance costs.
All grant expenditure is accounted for on an actual paid basis plus an accrual for
grants that have been approved by the trustees atthe end of the year but not yet
paid.
These include those costs associated with meeting the constitutional and statutory
requirement5 of the Charity, including any audit/independent examination fees,
costs linked to the strategic management of the Charty, together with a share of
other administration costs.
These are support costs not allocated to a particular artivity.
Grants payable
Governance costs
Otherexpenditure
Taxation
The cha rity is exempt from corporation tax on its charitable activities.
Tangible fixed assets and depreciation
Depreciation is provided atthe following annual rates in order to write off each asset over its estimated
useful life:
Plant and machinery
Fixture5 and fittings
Computer equipment
259% Reducing balance
20VA Straight line
20% Straight line
Trade and other debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other
short-term highly liquid investments with oriEinal maturitie5 of three months or less and bank
overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or
current liabilities. In the Statement of Cash Flows. cash and cash equivalents are shown net of bank
overdrafts that are repayable on demand and form an integral part of the company's cash management.
Trade and other creditors
Short term creditors are measured at the transaction price. Other creditors and provisions are
recognised where the charity has a present obligation resulting from a past event that will probably
result in the transfer of funds to 2 third party and the amount due to settle the obligation can be
measured or estimated reliably. Creditors and provisions are normally recogni5ed at their settlement
amount after allowing for any trade discounts due.
Page 11

EXPERT IMPAcr
Notes to the Accounts
Foreign currencies
Monetary assets and liabilities denominated in currencies other than the function31 currency of the
charity are translated atthe rates of exchange prevailing at the end of the reporting period.
Transactions in currencie5 Otherthan the functional currency of the charity are recorded at the rate of
exchange on the date that the transaction occurred.
All exchange differences are are taken into account in arriving at net income/expenditure.
Leased assets
Where the charity enters into a lease which entails taking substantially all the risks and reward5 of
ownership of an asset, the lease 15 treated a5 a finan￿ lease.
Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified
as operating leases.
Assets held under finance leases are initially recognised as assets of the charity at theirfair value at the
inception of the lease or, if lower, at the present value of the minimum lease payments. The
corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation.
Lease payments are apportioned between finance expenses and reduction of the lease obligation so as
to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are
recognised immediately, unless they are directly attributable to qualifying assets, in which case they are
capitalised in accordance with the charity's policy on boTrowing costs.
Assets held under finance leases are depreciated in the same way as owned assets.
Operating lease payments are recognised as an expense on a straight-line basis overthe lease term.
In the event that lease incentives are received to enter into operating leases. such incentives are
recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental
expense on a straiEht-line basis.
Pension costs
The charity operates a defined contribution plan for its employees. A definecl contribution plan is a
pension plan under which the company pays fixed contributions into a separate entity, Once the
contributions have been paid the company has no further payments obligations. The contributions are
recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance
sheet. The assets of the plan are held *parately from the company in independently administered
funds.
Receipt of donated goods, facilities and services
All donated goods, facilities and services received are recognised within incoming resources and
expenditure at an estimate of the value to the charity.
2 Company status
The company is a private company limited by guarantee and consequently does not have share capital.
Page 12

EXPERT IMPA
Notes to the Accounts
3 Statement ol Financial Activities - prior year
Unrestricted
lunds Total funds
2023
2023
Income and endowments from:
Donation5 and legacies
Total
86,524
86,524
86,524
86,524
Expenditure on:
Charitable activitie5
140,603
140,603
Total
140,603
140,603
Net income
154,0791
154,0791
Net income before other
gains/(losses)
other gains and losse5:
Net movement in funds
(54,079}
(54,0791
(54,0791
(54,0791
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
83,566
83,566
29,487
29,487
4 Income from donations and legacies
Unrestricted
Total
Total
2024
2023
8,073
8,073
8,073
8.073
86,524
86,524
5 Other income
Unrestricted
Total
Total
2024
2023
500
500
500
500
Page 13

EXPERT IMPACT
Notes to the Accounts
6 Other expenditure
Unrestricted
Total
Total
2024
2023
Bank loan and overdraft
interest payable
2,241
1,692
2,241
Employee cost5
Motor and travel costs
31,212
5,591
456
31,212
5,591
456
95,637
503
Depreciation of fixed assets
General administrative costs
813
1,270
7,746
48,516
1,270
7,746
48,516
16,084
25,874
140,603
Legal and professional costs
7 Net expenditure before transfers
2024
2023
This is stated after charging:
Depreciation of owned fixed assets
8 Staff costs
456
813
2024
2023
Salaries and wages
Social security costs
Pension costs
43,131
{12,917)
998
88,890
4.702
2,045
95,637
31,212
No employee received emoluments in exce55 of £60.000.
The average number of employees forthe year w35 3.
9 Tangible fixed assets
Plant and
machinery
FFXtures and
ffttings
Computer
equipment
Total
Cost or revaluation
At lJune 2023
At 31 May2024
Depreciation and
impairment
At l June 2023
Depreciation charge for the
year
At 31 May 2024
Net book values
392
392
1,662
1,662
3,518
3.518
5,572
5,572
352
1.558
3,176
5,086
io
104
342
456
362
1,662
3,518
5,542
At 31 May 2024
At 31 May 2023
30
30
40
104
342
486
Page 14

EXPERT IMPAcr
Notes to the Accounts
10 Debtors
2024
2023
Other debtors
20,883
20,883
38,522
38,522
11 Creditors:
amounts falling due within one year
2024
2023
Other loan5
Othertaxes and social security
Other creditors
Accruals
15,512
15,512
2,545
64,471
850
83,378
12,799
28,311
Within other loans labovel was a loan provided by the Postcode Innovation Trust. The loan is Secured by
way of a floating charge on the undertaking and assets to which they relate. The loan has a maturity
date of 31st January 2027 with an interest rate of 30A.
12 Creditors"
amounts falling due after more than one year
2024
2023
Other loans
51,960
51.960
65,231
65,231
Within other loans labovel was a loan provided by the Postcode Innovation Trust. The loan is secured by
way of a floatinE charge on the undertakin8 and assets to which they relate. The loan has a maturity
date of 31st January 2027 with an interest rate of 3%.
13 Movement in funds
Incoming
reSoUr￿S
Resources
expended
(including
At l June
other
2023 gainsllosses)
At 31 May
2024
Restricted funds:
Unrestricted fund5:
General funds
29,487
8,573
148,5161
(10,4561
Total funds
29,487
8,573
148,5161
110,4561
Page 15

EXPERT IMPACT
Notes to the Accounts
14 Analysis of net assets between funds
Unrestricted
funds
Total
Fixed assets
Net current assets
Creditors due in more than one year and
provisions
30
30
41,474
41,474
151,960)
151,960)
110,456)
(10,4561
15 Reconciliation of net debt
At l June
At 31 May
2024
2023
Cash flows
Cash and cash equivalents
139,088
139,088
{90,1861
190,186}
48,902
48.902
BorrowinES
{80,743)
180,743)
13,271
13,271
167,4721
(67,4721
Net debt
58.345
(76,915)
(18,5701
16 Commitments
Pension commitments
2024
2023
The pension cost charge to the company
amounted to:
998
2,045
17 Post balance sheet events
The direttors carried out an assessment of the companrfs ability to continue as a going concern and in
their assessment, the directors concluded that the company is a going concern. The basis of this
conclusion derives from the company, despite being in a net liability Posttion at the year end, has a large
value of liabilitie5 being payable after one year which results in the company being in a net current asset
position at the year end.
18 Related party disclosure5
Controlling party
The company is limited by guarantee and has no share capital; thus no single party controls the
company.
Page 16

EXPERT IMPAcr
Detailed Statement of Financial Artivities
for the year ended 31 May 2024
Unrestricted
funds Total funds Total funds
2024
2024
2023
Income and endowments from:
Corporate and individual donations
8,073
8,073
8,073
8,073
86,524
86,524
Other
500
500
500
500
Total income and endowments
8,573
8,573
86,524
Expenditure on:
Other expenditure
Bank loa n interest payable
2,241
2,241
1,692
2,241
2,241
1,692
Employee costs
Sala ries
Employer's NIC
Pension costs
43,131
(12,9171
998
43,131
112,9171
998
88,890
4,702
2,045
95,637
31,212
31,212
Motor and travel costs
Travel and subsistence
5,591
5,591
5,591
5.591
503
503
General administrative costs, including
depreciation and amortisation
Depreciation of Plant and machinery
Depreciation of Fixture5 and fittings
Depreciation of Computer equipment
Ballk charges
General insurances
Information and publications
Postage and couriers
Software, IT support and related costs
Stationery and printing
Subscriptions
Sundry expenses
io
104
342
io
21
104
342
88
704
215
32
175
32
175
175
10,683
50
50
150
150
99
41
195
195
4,229
642
668
668
1,726
1,726
16,897
Legal and professional costs
Auditllndependent examination fees
Accountancy and bookkeeping
691
691
1.450
Page 17

EXPERT IMPAcr
Detailed Statement of Financial Activities
Consultancy fees
Other legal and professional costs
7.055
7,055
22.842
1.582
25,874
7,746
7,746
Total of expenditure of other costs
Total expenditure
48.516
48.516
140.603
48,516
48,516
140,603
Net gains on investments
139,943)
{54,0791
Net expendtture
{39,943}
Net expenditure before other
gains/(1055es)
Other Gain5
139,943)
{54,079)
(39,9431
Net movement in funds
(39,943)
(39,9431
{54.079)
Reconciliation of funds:
Total funds brought fonNard
29,487
29,487
83,566
Total funds carried forward
(10,4561
{10,4561
29,487
Page 18