Charity Registration Number: 1170331
## IMARA CIO
Annual Report and Financial Statements
for the Period Ended 31 March 2024
## IMARA CIO
## Contents
|Reference and Administrative Details|1|
|---|---|
|Trustee's Report|2 to 5|
|Statement of Responsibilities|6|
|Independent Examiner's Report|7|
|Statement of Financial Activities|8|
|Balance Sheet|10|
|Cash Flow Statement|11|
|Notes to the Financial Statements|12 to 22|
## IMARA CIO
## Reference and Administrative Details
|Trustees|Sarah White (formerly Taylor), Chair|
|---|---|
||Charlotte Caulton-Scott|
||Hannah Yates|
||Maryam Khorassani|
||Wayne Dooley|
||Zaffira Sultana Shah|
||Zoe Mallett|
|Senior Management Team|Cath Wakeman, Chief Executive Officer|
||Darren Wells, Finance Director|
|Charity Registration Number|1170331|
|Principal Office|202 Mansfield Road|
||Nottingham|
||NG1 3HX|
|Independent Examiner|John O'Brien, employee of|
||Community Accounting Plus|
||Units 1 & 2|
||North West|
||41 Talbot Street|
||Nottingham|
||NG1 5GL|
|Bank Details|The Co-operative Bank|
||1 Balloon Street|
||Manchester|
||M4 4BE|
Page 1
## IMARA CIO
## Trustee's Report
The trustees present the annual report together with the financial statements of the charity for the period ended 31 March 2024.
## **Trustees and officers**
The trustees and officers serving during the period and since the period end were as follows:
Bea Gianquinto (resigned 20/11/2024) Sarah White (formerly Taylor) Charlotte Caulton-Scott Victoria Raynor (resigned 08/01/2024) Hannah Yates Wayne Dooley (appointed 01/08/2024) Maryam Khorassani Zaffira Sultana Shah (appointed 11/06/2024) Panmwa Samson Ochigbo (resigned 21/11/2024) Zoe Mallett
## **Structure, governance and management**
## _**Nature of governance**_
The charity is operated under the rules of its CIO Foundation constitution, registered on 23rd November 2016. The Board of Trustees provide governance oversight and direction, leading major decisions including recruitment of key staff, significant and out-of-budget spending, and review and approval of staff pay increases. They collaborate with the charity's HR consultants to benchmark remuneration packages.
## **Management Structure**
The Chief Executive Officer reports to the Board of Trustees, and manages the Senior Leadership Team (SLT) comprising the two Heads of Therapy Services, the Head of CHISVA Service, Business Support Lead, and Finance Director. This SLT meet weekly and works together to discuss current issues and questions, review the organisational direction, and implement decisions. An annual "strategy day" has been established in November each year to review progress, plan strategic objectives, and adjust direction for the charity. Working Groups are established to manage these strategic workstreams, headed by members of the Board and supported by members of the SLT and wider staff team.
## _**Recruitment and appointment of trustees**_
When a gap is identified on the board, or a trustee informs us of their intention to step down then we seek to recruit. Advertisements are placed on relevant job boards, linked to the Imara website and social media e.g. LinkedIn. In some circumstances we will use our a recruitment agency. Applicants apply with their CV and a letter stating their skills, experience and reason for applying. Applicants are short-listed and invited to interview with the CEO, Chair and a young person from Participation group. A second stage may be for them to attend a Board meeting to meet the board of Trustees to explain their interest in the role. Successful applicants complete necessary checks i.e. DBS, references, sign up to the Imara code of conduct and the Charity Commission Trustee Eligibility Declaration and are then appointed to the Board, receiving a thorough induction from other Board members and key management personnel.
## **Objectives and activities**
To advance the education of the public and the relevant professions with regard to child abuse (including the emotional and psychological consequences resulting from any form of abuse or neglect in childhood). To provide relief and support to survivors of abuse in particular to children, teenagers and their families. To promote and protect the physical and mental health of young people who exhibit sexually harmful behaviour.
Page 2
IMARA CIO
## Trustee's Report (continued)
## _**Objectives, strategies and activities**_
Imara is an independent specialist service that supports children, young people and their safe family members following a disclosure or discovery of child sexual abuse. We are a charity, and all of our services are free to access. We receive referrals directly from the local paediatric sexual assault referral centre (EMCYPSAS – 0800 183 0023) and partner agencies. We are the chosen provider of therapy for children and young people aged 0-12 affected by sexual abuse in Nottingham City. We specialise in trauma and familial abuse, and we also support our clients from a legal and advocacy perspective with our CHISVA service (Children and Young People’s Independent Sexual Violence Advisor) which is commissioned by the Nottinghamshire Police and Crime Commissioner.
In line with specialising in familial abuse, wherever appropriate we work with children and young people within their family unit, empowering them to access and use the resources they have within themselves and their family in order to recover from the trauma and thrive going forward. This includes working not only with the children and young people we are referred, but also their safe family members, for whom a disclosure or discovery that abuse has been occurring within their family and home can have profound and severe impacts. In 2022 we launched our Social Work Practice Team, allowing us to conduct thorough assessment and safeguarding of the complex issues facing families in our service.
Since October 2021 we have also been providing a therapeutic service for children and young people in Nottingham City who have witnessed or experienced domestic violence and abuse, commissioned by Nottingham City Council’s Crime & Drugs Partnership. In 2022 we were successful in a partnership bid with other Nottingham services for Children Affected by Domestic Abuse, which allowed us to extend this service across the County, including individual therapy for young people and group work for mothers and sons followed NSPCC’s evidence-based Domestic Abuse Recovering Together model.
The charity does not currently make use of Social Investment or engage in grant-making activities. It's use of volunteers is limited to specific, short-term events, usually for fundraising purposes.
## _**Public benefit**_
Promoting recovery, supporting families to move forward and to rebuild relationships with their family members, local community and support networks.
Educating and empowering children, young people and families to rebuild family life and to support their engagement with education and employment.
Increase awareness and understanding of the dynamics of child sexual abuse and domestic abuse and its impact on victims and survivors to the wider public, to enable them to better support children and young people, responding appropriately to disclosures and enabling safeguarding.
Involvement with local communities offering opportunities for volunteering; universities and colleges to provide placements for trainee creative arts therapists and social work students; training and education for wider community. Imara CIO works in partnership with all agencies involved in safeguarding children, young people and vulnerable adults to ensure everyone has comprehensive, relevant and up to date information to reduce the risks faced by children and young people.
Support with education, housing, employment, health and financial concerns for some of the most disadvantaged families in Nottingham and Nottinghamshire, at a point of crisis in their lives.
Partnership working with Police to support them to focus on their investigation and to enable young people to engage with the Criminal Justice Process and provide the best evidence if the case goes to trial.
Partnership working with regional sexual and dometic abuse services including the Crown Prosecution Service, family courts and other local third sector forums.
Page 3
## IMARA CIO
## Trustee's Report (continued)
## _**Achievements and performance**_
From April 2023 – March 2024, Imara have supported more than 787 Families in Nottinghamshire and 1,054 Children and young people. This included over 6,865 hours direct work with children, young people, and families, including therapy sessions and CHISVA support around the criminal justice process and more than 1,750 hours of partnership working with other professionals to support and advocate for our clients (including Police, Social Care, Education, Healthcare, CICA, etc.)
Imara aims to empower and support children, young people and their safe family members to mover forward from the impact of child sexual abuse and domestic abuse by offering interventions such as:
- Access to pre- and post- trial therapy, available in a range of arts therapy approaches suited to children and young people.
- Accurate and impartial information and consistent contact throughout the criminal justice process, empowering clients to understand their rights and make their own informed choices.
- Specialist support for acute trauma symptoms including anxiety and problems sleeping.
- Support with education, health, housing, and financial concern to restabilise the family following the abuse.
- Specialist risk and needs assessment, and referral to other appropriate support and services.
- A safe and supportive space for parents and carers to process their own experiences, as well as psychoeducation to understand the impact trauma may be having on their child’s behaviour, development and needs.
- Opportunities to move onto, including joining the community of participation group and co-production which offers personal and professional development as well as influencing services for other survivors, helping young people to look to their future with excitement and ambition.
In terms of outcome measures, Imara uses its Tree of Growth model to assess improvement in our client's wellbeing. Results for the last year include: 73% feel more able to manage their feelings and emotions, 68% feel more able to cope when things don’t go well, and 69%feel better about themselves. We also use the validated Trauma Symptoms Checklist for Children (TSCC) scale, with the following results: 74% showed a reduction in their score for posttraumatic stress, 68% showed a reduction for dissociation, 70% showed a reduction for sexual concerns, and 76% showed a reduction for depression.
We also collected and very much value client feedback. A summary for the period suggests: 87% said Imara helped them to feel better physically or emotionally, 90% said Imara helped others to take notice of what they had to say, 91% said Imara helped them to understand and feel better about the police investigation/court process, and 80% said Imara helped them to cope better with trauma reactions like flashbacks and nightmares.
Imara has continued to find creative ways of initiating innovative projects and responding to the challenge of financial uncertainties in this period. We have piloted a service for families affected by harmful sexual behaviour between siblings (HSB-S), we have worked in collaboration with two of our partners to co-deliver the Domestic Abuse Recovering Together groupwork, we have welcomed in a new Chair of Trustees, Sarah White, who has established and facilitated an annual strategy day, we have celebrated our most successful fundraising year and employed our first fundraiser, we have set in motion scaling up our education programme, alongside input from our participation group.
Closing remarks should come from one of Imara's Participation Group: " _Imara helped me through one of the toughest times of my life, my therapist helped me gain back my confidence and self-esteem. This ultimately helped me out of my abusive relationship! Because of Imara, I am the person I am today. It helped shape what I want to do with my life – which led me to choose the degree I am currently taking!_ "
Page 4
## IMARA CIO
## Trustee's Report (continued)
## **Financial review**
Total Income: £861,919 (2023 - 11 months: £880,630) Total Expenditure: £1,005,268 (2023 - 11 months: £902,174) Net Operating income: (£143,349) (2023 - 11 months: (£21,544))
After careful analysis and consideration the charity withdrew from the re-tendering process for one major contract, valued at £185,000 p.a., as it was deemed to carry an unacceptable level of financial risk. This resulted in a loss of contribution towards central costs which needed to be funded from reserves while longer-term decisions were made. The charity does not hold any material financial investments and has no outstanding pension liability.
## _**Policy on reserves**_
We aim to hold reserves to cover three months operating costs. Reviewing of the policy is part of the Trustees' governance strategy on an annual basis.
At the end of the period the charity held reserves of 2.3 months operating costs (2023 - 4.1 months)
## _**Major risks and management of those risks**_
Short term funding grants of one year that require us to re-apply and to seek new sources of funding. Competitive tendering processes with limited timespans, meaning uncertainty of future success. Highly competitive grant funding that has reduced our success rates. Statutory funding that does not allow for full cost recovery. This necessitates considerable external fundraising on the back of many volunteers and exceptional additional efforts outside of normal working hours from staff.
We regularly apply to various grant funders for both restricted and unrestricted funds and when successful this has enabled us to provide additional services for our clients e.g. a Trans-joy support for young people. We have increased our fundraising this year and we bring in regular small donations and fundraising with the help of our amazing supporters alongside larger donations from local organisations such as Hockley Hustle and through our Charity Art Auction and the Robin Hood marathon. We are active on social media and have grown our followers and supporter base. Imara has active Facebook, instagram and LinkedIn pages. We have taken an ethical stand to leave X (formerly known as Twitter). Our social media supports our fundraising and is used to promote self care and campaigning events. Our website has been updated and reflects our desire to improve accessibility of the service to all children and young people.
## _**Plans for the future**_
We are seeking to develop the charity in a number of ways to increase capacity and deliver on its stated aims: - we will continue to seek funding from various sources including contract tenders and grants to expand capacity to deliver our core services to more families, including a particular focus on follow-on funding for our innovative services for Harmful Sexual Behaviour between Siblings and the Domestic Abuse Recovering Together group programme.
- in mid-2024 we secured significant funding from the National Lottery to develop the Board of Trustees and SLT, building resiliance and longevity for the charity. This will include robust succession planning, leadership coaching, and training across the organisation.
- we are planning for significant growth of unrestricted funding in 2025 to replenish reserves, secure coverage of core costs, build capacity and deliver the holistic service we know works for young people and their families. This will be achieved through additional fundraising events, donation-drives, recruiting corporate partners, and expansion of traded income. To that end, we have recruited a part-time Fundraiser.
Page 5
IMARA CIO
## Statement of Responsibilities
The trustees are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
The law applicable to charities requires the trustees to prepare financial statements for each financial period which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
▪ prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008, and the provisions of the constitution. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Approved by the trustees of the charity on 23rd January 2024 and signed on its behalf by:
Sarah White Trustee
Page 6
IMARA CIO
## Independent Examiner's Report to the trustees of IMARA CIO
## **Independent examiner’s report to the trustees of Imara CIO**
I report to the trustees on my examination of the accounts of Imara CIO (the Charity) for the period ended 31 March 2024.
## **Responsibilities and basis of report**
As the trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner’s statement**
Since the Charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member and Fellow of the Association of Charity Independent Examiners, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Charity as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination.
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 accounts to be reached.
John O’Brien MSc, FAIA, FCIE, employee of Community Accounting Plus Fellow of the Association of Charity Independent Examiners
Units 1 & 2 North West 41 Talbot Street Nottingham
Date:
Page 7
## IMARA CIO
## Statement of Financial Activities for the Year Ended 31 March 2024
|**Note**
**Income and Endowments from:**
Donations and legacies
2
Charitable activities
3
Other trading activities
5
Total Income
**Expenditure on:**
Charitable activities
6
Total Expenditure
Net income
Gross transfers between funds
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward
19|**Unrestricted**
**£**
56,160
-
18,131
74,292
(122,590)
(122,590)
(48,298)
(2)
(48,300)
228,898
180,598|**Restricted**
**£**
-
787,627
-
787,627
(882,678)
(882,678)
(95,051)
2
(95,049)
110,050
15,001|**Full Year**
**2024**
**£**
56,160
787,627
18,131
861,919
-
(1,005,268)
(1,005,268)
(143,349)
-
(143,349)
338,948
195,599|**11 Months**
**2023**
**£**
30,992
839,275
10,362
880,630
(902,174)
(902,174)
(21,544)
-
(21,544)
360,492
338,948|
|---|---|---|---|---|
All of the charity's activities derive from continuing operations during the above period. The funds breakdown for the period is shown in note 19.
See next page for prior year comparatives
The notes on pages 12 to 22 form an integral part of these financial statements
Page 8
## IMARA CIO
## Statement of Financial Activities for the Year Ended 31 March 2024 (continued)
|**Note**
**Income and Endowments from:**
Donations and legacies
2
Charitable activities
3
Other trading activities
5
Total Income
**Expenditure on:**
Charitable activities
6
Total Expenditure
Net income
Gross transfers between funds
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward
19|**Unrestricted**
**£**
30,992
4,196
10,362
45,550
(17,316)
(17,316)
28,234
21
28,255
200,643
228,898|**Restricted**
**£**
-
835,079
-
835,079
(884,858)
(884,858)
(49,778)
(21)
(49,799)
159,849
110,050|**11 Months**
**2023**
**£**
30,992
839,275
10,362
880,630
-
(902,174)
(902,174)
(21,544)
-
(21,544)
360,492
338,948|
|---|---|---|---|
All of the charity's activities derive from continuing operations during the above period. The funds breakdown for the period is shown in note 19.
The notes on pages 12 to 22 form an integral part of these financial statements
Page 9
## IMARA CIO
## Balance Sheet as at 31 March 2024
|||**2024**|**2023**|
|---|---|---|---|
||**Note**|**£**|**£**|
|**Fixed Assets**||||
|Tangible Assets|12|14,104|9,035|
|**Current Assets**||||
|Debtors|13|73,050|279,565|
|Cash at bank and in hand|14|145,447|73,907|
|Creditors: Amounts falling due within one year|15|218,497
(37,002)|353,472
(23,560)|
|Net current assets||181,495|329,913|
|Net assets||195,599|338,948|
|Funds of the charity:
**Restricted income funds**
Restricted funds
**Unrestricted income funds**
Unrestricted funds|19|15,001
180,598|110,050
228,898|
|**Total funds**|19|195,599|338,948|
The financial statements on pages 8 to 22 were approved by the trustees, and authorised for issue on 29th January 2024 and signed on their behalf by:
Sarah White Trustee
The notes on pages 12 to 22 form an integral part of these financial statements
Page 10
## IMARA CIO
## Cash Flow Statement for the Year Ended 31 March 2024
|**Note**
**Cash flows from operating activities**
Net cash income
**Adjustments to cash flows from non-cash items**
Depreciation
**Working capital adjustments**
(Increase)/decrease in debtors
13
Increase/(decrease) in creditors
15
Net cash flows from operating activities
**Cash flows from operating activities**
Purchase of tangible fixed assets
12
Net (decrease)/increase in cash and cash equivalents
Cash and cash equivalents at 1 April 2023
Cash and cash equivalents at 31 March 2024
**Reconciliation of net cash flow to movement in net funds**
(Decrease)/increase in cash
Net funds at 1 April 2023
Net funds at 31 March 2024|**Full Year**
**2024**
**£**
(143,349)
12,111
(131,238)
206,515
13,442
88,719
(17,179)
71,540
73,907
145,447
71,540
73,907
145,447|**11 Months**
**2023**
**£**
(21,544)
5,967
(15,577)
(86,896)
6,582
(95,891)
(6,013)
(101,904)
175,812
73,907
(101,904)
175,812
73,907|
|---|---|---|
All of the cash flows are derived from continuing operations during the above two periods.
The notes on pages 12 to 22 form an integral part of these financial statements
Page 11
IMARA CIO
## Notes to the Financial Statements for the Year Ended 31 March 2024
## **1 Accounting policies**
## **Statement of compliance**
The financial statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
## **Basis of preparation**
Imara CIO meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
## **Going concern**
The financial statements have been prepared on a going concern basis.
The trustees assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concern. The trustees make this assessment in respect of a period of one year from the date of approval of the financial statements.
## **Income and endowments**
Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.
## **Donations and legacies**
Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured.
## **Grants receivable**
Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.
## **Expenditure**
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregates similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
Page 12
IMARA CIO
## Notes to the Financial Statements for the Year Ended 31 March 2024 (continued)
## **Charitable activities**
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
## **Government grants**
Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.
## **Taxation**
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
## **Tangible fixed assets**
Individual fixed assets costing £500.00 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
## **Depreciation and amortisation**
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
|**Asset class**|**Depreciation method and rate**|
|---|---|
|Vehicles|20% straight line|
|IT equipment|33.33% straight line|
## **Trade debtors**
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.
Page 13
IMARA CIO
## Notes to the Financial Statements for the Year Ended 31 March 2024 (continued)
## **Cash and cash equivalents**
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
## **Trade creditors**
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
## **Fund structure**
Unrestricted income funds are general funds that are available for use at the trustees' discretion in furtherance of the objectives of the charity.
Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
## **Pensions and other post retirement obligations**
The charity operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the charity. Pension costs charges in the Statement of Financial Activities represent the contributions payable by the charity during the year.
## **2 Income from donations and legacies**
|**2 Income from donations and legacies**
Donations and legacies;
Donations from companies, trusts and similar proceeds
Donations from individuals
Grants, including capital grants; Grants from other charities
**3 Income from charitable activities**
Grants|**Unrestricted**
**funds**
**General**
**£**
-
-|**Unrestricted**
**funds**
**General**
**£**
16,249
17,256
22,656
56,160
**Restricted**
**Funds**
**£**
787,627
787,627|**Full Year**
**2024**
**£**
16,249
17,256
22,656
56,160
**Full Year**
**2024**
**£**
787,627
787,627|**11 Months**
**2023**
**£**
1,000
14,492
15,500
30,992
**11 Months**
**2023**
**£**
839,275
839,275|
|---|---|---|---|---|
Page 14
## IMARA CIO
## Notes to the Financial Statements for the Year Ended 31 March 2024 (continued)
|**4 Grants and donations (sum of notes 2 and 3)**
Nottinghamshire Police and Crime Commissioner
Nottingham University Hospital
Nottingham City Council
Bromley Trust (U)
BBC Children in Need
The Thomas Farr Charity
J N Derbyshire Trust
Sundry grants & donations
**5 Income from other trading activities**
Fundraising & events|**Unrestricted**
**Funds**
**£**
-
-
-
20,000
-
-
-
36,160
56,160
**Unrestricted**
**General**
**£**
18,131
18,131|**Restricted**
**Funds**
**£**
499,318
197,234
67,590
-
18,485
3,000
2,000
-
787,627
**Full Year**
**2024**
**£**
18,131
18,131|**Total**
**Funds**
**£**
499,318
197,234
67,590
20,000
18,485
3,000
2,000
36,160
843,788
**11 Months**
**2023**
**£**
10,362
10,362|
|---|---|---|---|
Page 15
## IMARA CIO
## Notes to the Financial Statements for the Year Ended 31 March 2024 (continued)
**----- Start of picture text -----**
||||||
|---|---|---|---|---|
|6 Expenditure on charitable activities|Unrestricted|
|Funds|Restricted|Full Year|11 Months|
|General|Funds|2024|2023|
|£|£|£|£|
|Wages, NI & pension|89,851|687,335|777,186|707,795|
|Rent, room hire & utilities|1,809|55,071|56,881|48,854|
|External training & supervisor|1,724|39,273|40,997|29,119|
|Travel & subsistence|3,497|29,394|32,891|29,565|
|Legal & professional|383|20,478|20,861|20,305|
|IT & equipment|825|16,000|16,825|11,274|
|Depreciation|10,663|1,447|12,111|5,967|
|Communication|2,768|8,028|10,796|9,850|
|Staff training & welfare|3,150|4,043|7,193|3,759|
|Repair & maintenance|1,224|3,663|4,887|2,107|
|Consultancy & advice|108|3,878|3,986|657|
|Publications & subscriptions|914|2,954|3,868|1,167|
|Recruitment & DBS|261|3,489|3,750|6,294|
|Insurance|151|3,286|3,437|2,214|
|Supplies & stationery|2,807|273|3,080|6,393|
|Client activities & resources|324|2,165|2,489|1,922|
|Payroll fees|18|947|965|2,242|
|Freelance|-|810|810|4,924|
|Building, furniture & fixtures|556|83|639|2,997|
|Postage|486|60|546|434|
|Fundraising expenses|477|-|477|2,139|
|Volunteer expenses|376|-|376|1,225|
|Hospitality|215|-|215|918|
|Bank & PayPal charges|3|-|3|3|
|Sundry Expenses|-|-|-|50|
|122,590|882,678|1,005,268|902,174|
**----- End of picture text -----**
## **7 Net incoming/outgoing resources**
Net incoming resources for the year include:
Depreciation of fixed assets
**----- Start of picture text -----**
|||
|---|---|
|Full Year|11 Months|
|2024|2023|
|£|£|
|12,111|5,967|
**----- End of picture text -----**
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## IMARA CIO
## Notes to the Financial Statements for the Year Ended 31 March 2024 (continued)
**----- Start of picture text -----**
||||
|---|---|---|
|8 Staff costs|Full Year|11 Months|
|The aggregate payroll costs were as follows:|2024|2023|
|£|£|
|Staff costs during the year were:|
|Wages and salaries|709,672|650,890|
|Social security costs|50,352|40,734|
|Pension costs|17,161|16,171|
|777,186|707,795|
**----- End of picture text -----**
The monthly average number of persons (including senior management team) employed by the charity during the
**----- Start of picture text -----**
||||
|---|---|---|
|2024|2023|
|No.|No.|
|Average number of employees|36|45|
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33 (2023 - 35) of the above employees participated in the Defined Contribution Pension Scheme. Contributions to the employee pension schemes for the period totalled £17,161 (2023 - £16,171). No employee received emoluments of more than £60,000 during the year.
The total employee benefits of the key management personnel of the charity were £46,189 (2023 - £43,065).
## **9 Taxation**
The charity is a registered charity and is therefore exempt from taxation.
## **10 Independent examiner's fees**
During the period, the fees payable (excluding VAT) to the charity’s independent examiner Community Accounting
**----- Start of picture text -----**
||||
|---|---|---|
|Full Year|11 Months|
|2024|2023|
|£|£|
|Independent examination|1,370|1,000|
|Other financial services|-|2,272|
|1,370|3,272|
**----- End of picture text -----**
## **11 Related party transactions**
There were no related party transactions in the year.
Page 17
## IMARA CIO
## Notes to the Financial Statements for the Year Ended 31 March 2024 (continued)
|**12 Tangible fixed assets**
**Cost**
At 1 April 2023
Additions
At 31 March 2024
**Depreciation**
At 1 April 2023
Charge for the year
At 31 March 2024
**Net book value**
At 31 March 2024
At 31 March 2023
**13 Debtors**
Trade Debtors
Accrued Income
Prepayments
Other Debtors
**14 Cash and cash equivalents**
Cash at bank
Cash in hand
Total cash and cash equivalents
**15 Creditors: amounts falling due within one year**
Trade creditors
Other taxation and social security
Other creditors|**Vehicles**
**£**
3,750
-
3,750
3,000
750
3,750
750
1,500|**IT**
**Equipment**
**£**
17,247
17,179
34,426
8,962
11,361
20,323
13,354
7,535
**2024**
**£**
12,875
37,908
22,267
-
73,050
**2024**
**£**
145,357
89
145,447
**2024**
**£**
9,785
12,164
15,053
37,002|**Total**
**£**
20,997
17,179
38,176
11,962
12,111
24,073
14,104
9,035
**2023**
**£**
3,531
238,120
24,897
13,017
279,565
**2023**
**£**
73,907
-
73,907
**2023**
**£**
1,581
14,584
7,394
23,560|
|---|---|---|---|
Page 18
## IMARA CIO
## Notes to the Financial Statements for the Year Ended 31 March 2024 (continued)
## **16 Obligations under leases and hire purchase contracts**
## **Operating lease commitments**
Total future minimum lease payments under non-cancellable operating leases are as follows:
|**Land and buildings**
Within one year
Between one and five years|**2024**
**£**
-
-
-|**2023**
**£**
9,167
-
9,167|
|---|---|---|
## **17 Trustees remuneration and expenses**
No trustees, nor any persons connected with them, have received any remuneration from the charity during the period.
No trustees have received any reimbursed expenses or any other benefits from the charity in the period.
|**18 Analysis of net assets between funds**
Tangible fixed assets
Current assets
Current liabilities
Total net assets
Tangible fixed assets
Current assets
Current liabilities
Total net assets|**Unrestricted**
**General**
**£**
14,104
203,496
(37,002)
180,598
**Unrestricted**
**General**
**£**
9,035
243,422
(23,560)
228,898|**Restricted**
**Funds**
**£**
-
15,001
-
15,001
**Restricted**
**Funds**
**£**
-
110,050
-
110,050|**Total Funds**
**2024**
**£**
14,104
218,497
(37,002)
195,599
**Total Funds**
**2023**
**£**
9,035
353,472
(23,560)
338,948|
|---|---|---|---|
Page 19
## IMARA CIO
## Notes to the Financial Statements for the Year Ended 31 March 2024 (continued)
|**19 Funds**
**Unrestricted funds**
General
**Restricted funds**
CHISVA (Notts Police)
SARC NHS
MOJ DA SV (Notts Police)
Children's DVA Therapeutic Service (NCC)
CADA (Notts Police)
Letting the Future In (CIN)
Imara Early Intervention (National Lottery)
Sleep and Anxiety Practitioner (CIN)
Chrysalis Project (Notts Police)
Parent Support Groups (Thomas Farr)
the7stars Foundation
J N Derbyshire Trust
Total restricted funds
Total funds|**Balance at**
**1 April 2023**
**£**
228,898
6,361
25,158
357
5,561
2,537
67,673
1,850
-
-
552
-
110,050
338,948|**Incoming**
**resources**
**£**
74,292
308,381
197,234
109,476
67,590
66,719
18,485
-
-
14,742
3,000
-
2,000
787,627
861,919|**Resources**
**expended**
**£**
(122,590)
(314,742)
(222,392)
(109,476)
(67,947)
(72,280)
(19,472)
(67,673)
(1,854)
(4,742)
-
(100)
(2,000)
(882,678)
(1,005,268)|**Balance at**
**Transfers 31 March 2024**
**£**
**£**
(2)
180,598
-
-
-
-
-
-
-
-
-
-
-
1,550
-
-
2
(2)
-
10,000
-
3,000
-
452
-
-
2
15,001
-
195,599|
|---|---|---|---|---|
Transfers have been made only to tidy up immaterial residual balances on fund accounts
Page 20
## IMARA CIO
## Notes to the Financial Statements for the Year Ended 31 March 2024 (continued)
The specific purposes for which the funds are to be applied are as follows:
▪ The CHISVA funding provides emotional, practical and advocacy support for children, young people and families through the Criminal Justice Process. Referrals to the service are for victims/survivors under the age of 18 who have disclosed sexual abuse or assault in the Nottingham City and County Area.
▪ The NHS SARC funding provides ten therapy sessions for each child referred to our service. These therapy sessions provide early intervention strategies to reduce acute stress symptoms, psycho-education to help children and young people to make sense of what has happened and therapy interventions to promote emotional and physical wellbeing. ▪ MOJ DA SV (Notts Police) - funding to provide additional CHISVA and therapeutic support to families affected by domestic abuse and sexual abuse, including systemic family therapy; specialist CHISVA role and Letting the Future In therapeutic model.
▪ Children's DVA Therapeutic Service - provision of therapeutic services in Nottingham City to children and young people affected by domestic abuse and building knowledge of the links between child sexual abuse and domestic abuse.
▪ CADA (Notts Police) - funding to support the work of a collaboration of local domestic abuse services, promoting therapeutic work with children and young people affected by domestic abuse. Three separate service delivered: individual creative arts therapies; NSPCC Domestic Abuse Recovering Together mother/child groupwork; psychoeducation in primary schools through therapeutic conversations.
▪ Letting the Future In (CIN) - funding for therapeutic team to provide an evidence based model of therapy for children and young people.
▪ The National Lottery funds Imara's Early intervention service, offering therapeutic assessment and intervention and ongoing support for children, young people and vulnerable adults.
▪ Sleep and Anxiety Practitioner (CIN) - funding to deliver support to children with sleep and anxiety difficulties. ▪ Chrysalis Project (Notts Police) - funding to work with families where there has been Harmful Sexual Behaviour between Siblings (HSB-S). This includes education and outreach work as well as direct therapeutic work with both the child who has been harmed and the child who has harmed.
▪ Parent Support Groups (Thomas Farr) - to provide parent support groups for families involved in the service in Nottinghamshire.
▪ the7stars Foundation - grants for disadvantaged individuals in the service.
▪ J N Derbyshire Trust - to support access to services across the county of Nottinghamshire through provision of travel costs.
Page 21
## IMARA CIO
## Notes to the Financial Statements for the Year Ended 31 March 2024 (continued)
|**19 Funds (cont.)**
**Unrestricted funds**
General
**Restricted funds**
CHISVA (Notts Police)
SARC NHS
MOJ DA SV (Notts Police)
Children's DVA Therapeutic Service (NCC)
CADA (Notts Police)
Letting the Future In (CIN)
Imara Early Intervention (National Lottery)
Sleep and Anxiety Practitioner (CIN)
The Jones Charitable Trust
University of Nottingham
Co-production project (Garfield Weston)
Mentoring for the Future (Thomas Farr)
Scale Up (SSE)
the7stars Foundation
Co-production project (Awards for All)
Total restricted funds
Total funds|**Balance at**
**1 May 2022**
**£**
200,643
-
19,339
-
367
-
-
100,039
2,362
-
-
24,155
2,129
906
552
10,000
159,849
360,492|**Incoming**
**resources**
**£**
45,550
289,091
229,604
106,399
65,621
55,972
46,951
25,641
9,800
3,500
2,500
-
-
-
-
-
835,079
880,630|**Resources**
**expended**
**£**
(17,316)
(282,731)
(223,785)
(106,394)
(65,631)
(50,411)
(44,414)
(58,007)
(10,312)
(3,500)
(2,500)
(24,105)
(2,135)
(934)
-
(10,000)
(884,858)
(902,174)|**Balance at**
**Transfers 31 March 2023**
**£**
**£**
21
228,898
-
6,361
-
25,158
(5)
-
-
357
-
5,561
-
2,537
-
67,673
-
1,850
-
-
-
-
(50)
6
-
28
-
552
-
-
(21)
110,050
-
338,948|
|---|---|---|---|---|
Page 22