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2025-02-28-accounts

Company number: 11185197 Charity Number: 1181435

Intersticia UK

Trustees report and financial statements For the period ended 28 February 2025

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Intersticia UK Reference and administration information

Company number 11185197

Charity number 1181435

Registered office and operational address

5 North Road, Highgate Village, London, N6 4BD, United Kingdom

Trustees

Trustees, who are also directors under company law, who served during the year and up to the date of this report were as follows:

Tristan Lumley Ann Rowland-Campbell Berivan Esen Louise Sibley Samantha Campbell

Bankers

Lloyds Bank P O Box 1000 Uttoxeter BX1 1LT

Solicitors

Bates Wells & Braithwaite 10 Queen Street Place London EC4R 1BE

Independent Examiner

Patrick Morrello ACA Third Sector Accountancy Limited Holyoake House Hanover Street Manchester M60 0AS

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Intersticia UK

Trustees’ annual report for the year ended 28 February 2025

The trustees present their report and the unaudited financial statements for the year ended 28 February 2025. Included within the trustees’ report is the directors’ report as required by company law.

Reference and administrative information set out on the previous page forms part of this report. The financial statements comply with current statutory requirements, the memorandum and articles of association and the Statement of Recommended Practice - Accounting and Reporting by Charities: SORP applicable to charities preparing their accounts in accordance with FRS 102.

Objectives and activities

The objects of the charity were the advancement of education for the public benefit by:

(a) providing support and funding for the benefit of emerging leaders in their chosen fields of expertise, including in particular grants and scholarships for their tuition costs and/or their living costs;

(b) providing support and opportunities for emerging leaders to experience and develop leadership skills in the interstice between technology, culture and society by creating learning opportunities, including through the provision of access to digital resources, conferences, retreats and workshops;

(c) promoting the development of digital literacy and leadership skills, including through public events such as conferences and workshops.

'Emerging leaders' means individuals aged 18 - 40 with leadership experience or an ambition to gain experience in leadership, including without limitation postgraduate students attending universities.

The trustees review the aims, objectives and activities of the charity each year. This report looks at what the charity has achieved and the outcomes of its work in the reporting period. The trustees report the success of each key activity and the benefits the charity has brought to those groups of people that it is set up to help. The review also helps the trustees ensure the charity's aims, objectives and activities remained focused on its stated purposes.

The trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning its future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives that have been set.

Achievements and performance

Intersticia UK exists to develop and promote digital fluency and develop “smart humans” in terms of how we proactively create, manage, harness and utilise digital technologies. As per our Objectives we do this primarily through the following activities:

  1. We identify, support, nurture and encourage individuals through our Scholarships and Fellowships

  2. We work with like-minded partner organisations to support entrepreneurship and innovation

  3. We hold public events with a specific aim of promoting conversations and building skills in digital literacy and leadership

In the 2024 - 2025 year we worked to continue supporting our Fellows and partner organisations as the world began to integrate the use of Artificial Intelligence, the election of the Trump Administration changed global political dynamics, and the impacts of Climate Change became more obvious. Whilst the impact of the Covid-Pandemic is still evident it is the “Cost of Living” Crisis which appears to most impact the younger people around the world whom we support. Commentary about our community and activities can be found on our website https://intersticia.org/blog/.

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Intersticia UK Trustees’ annual report for the year ended 28 February 2025

Supporting individuals through Scholarships, Bursaries and Fellowship

The beneficiaries of our services are our Fellows, the communities with which they work, our partner organisations and the General Public through our public events. Specific details of our beneficiaries and how they have benefitted from our activities are described in the following paragraphs detailing our achievements and performance.

– Rowland Scholarship Goodenough College

Rowland Scholarships ( 2024 – 2025 Financial Year)

In July 2024 Intersticia received 19 applications for the Rowland Scholarship from around the world and we determined to interview four (4) candidates via Zoom on Sunday 14[th] July. These interviews were conducted by Erla Arnalds (Rowland Scholar 2023 – 2024), Abeer Abu Ghaith and Anni Rowland-Campbell. The main thing we were looking for in our 2024 Rowland Scholar was how a new scholar would collaborate with our existing community in particular by working in the interstice between society and technology but would also have a degree of momentum in their own field of interest.

We determined to offer the Rowland Scholarship for 2024 – 2025 to Nguyen Thi Hong Minh.

Nguyen Thi Hong Minh (2024 – 2025) – Minh comes from Vietnam and is currently living in Japan with her husband. She was accepted to study for her Masters of Arts at University College London in the field of Education and Technology in order to develop her work supporting students in need in Vietnam. She is co-founder of Opportunity Hunting, a nonprofit in Thailand which seeks to help people find employment (see https://web.archive.org/web/20240519085856/https://optyhunting.org/). Minh is returning to Japan to continue her work following completion of her studies.

Updates on our Rowland Scholars:

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Intersticia UK Trustees’ annual report for the year ended 28 February 2025

Doughton Fellows (2024 – 2025 Financial Year)

Amira Shahla (2019, 2024 – 2025) - In 2019 we awarded Amira Shahla a US$10,000 Doughton Scholarship, an initial amount of £1,000 (US$1,260) being used to support Palestinian psychologists to attend the Besod Siach (LINK) conference in Israel. In January 2024 Amira determined that the time was right to utilise the balance of her US $10,000 scholarship (US$8,740) to contribute to the funding of her participation in the POCD - "Program in Organizational Consulting and Development: A Psychoanalytic-Systemic Approach" to be conducted in Israel over the next two years (see https://tavistockandportman.ac.uk/courses/consulting-and-leading-in-organisations-psychodynamic-andsystemic-approaches-d10/).

Intersticia’s commitment is that the funding is to be paid in the following instalments:

Amira’s commitment is to:

Juan Pablo Castilla (2024 – 2026) - Juan Pablo Castilla is an economist with a Master's degree in Economics from Universidad de los Andes. Previously, he served as a high school economics professor and currently teaches Introduction to Economics and Microeconomics at Universidad de los Andes. Additionally, Juan Pablo is the founder and general manager of Apata Colombia, a platform aimed at fostering peace and reducing inequalities through tourism initiatives. His research focuses on topics related to armed conflict, peacebuilding, education, and pedagogy. Juan Pablo is passionate about leveraging pedagogy and tourism to contribute to the reduction of inequalities. Juan Pablo intends - - pursuing a PhD over the next few years in Complexity Theory and Economics. (https://co.linkedin.com/in/juan pablo castilla-3758ba140).

Juan Pablo is now applying for courses and in the process of planning his studies for 2026.

Update on Doughton Scholars:

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Intersticia UK Trustees’ annual report for the year ended 28 February 2025

techniques used in these efforts. In 2019, Berivan undertook a Science Policy Fellowship with the UK Parliament’s Parliamentary Office for Science and Technology (POST), based in Westminster. There she led the research and writing of a POSTnote, on the topic of “Remote sensing and machine learning". Following her PhD Berivan joined the UK Space Agency as International Relations Officer (North America) and now Copernicus Manager. Berivan serves as a Trustee for Intersticia UK.

Leadership Fellows (2024 – 2025 Financial Year)

There were no scholarships awarded in 2024 – 2025 as we determined to continue our support of the current community, and in particular Abeer Abu Ghaith – (2023 – 2025) (https://intersticia.org/_fellows/abeer-abu-ghaith/).

In October 2023 Abeer was forced to leave Palestine due to the current Israeli-Palestinian conflict as it became increasingly clear that it was unsafe for her to work in Palestine. Intersticia has supported Abeer since this time, through her application for Protection in the United Kingdom, and now as she begins to rebuild her life in London. Abeer’s business MENA Alliances which seeks to source and provide outsourcing work in technology has suffered due to the adoption and development of artificial intelligence and so our support of Abeer continues as she now seeks to redefine her work and career.

Updates on our Leadership Scholars :

Founder Fellows (2024 – 2025 Financial Year)

There were no Founder Fellowships awarded this year but we continue to support Founders and Coders through the support of their leadership team, the contribution to their curriculum through the delivery of Brave Conversations, and the support of both individual Fellows and the Yalla Co-Operative.

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Intersticia UK

Trustees’ annual report for the year ended 28 February 2025

Updates on our Founder Fellows :

Newspeak Scholarship ( 2024 – 2025 Financial Year)

On Wednesday 24[th] August, 2024, Louise Sibley and I interviewed two potential candidates for financial support whilst they undertake the Newspeak programme for 2024 – 2025.

We determined to award a Living Grant of £3,000 to Yung-Hsuan Wu who will undertake the Newspeak Political Technologies course (see https://newspeak.house/residency) as support to be a Non-Resident student for the first six months of his studies.

Updates on our Founder Fellows :

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Trustees’ annual report for the year ended 28 February 2025

AI in the role of AI Policy Associate and as a Researcher at the AI Civic Observatory. In December 2024 Ella joined GlaxoSmithKline as an AI Policy Analyst (https://www.linkedin.com/in/ella-m-s-8581b0128/).

– Creative Scholarship (2024 2025 Financial Year)

In 2024 – 2025 we continued to support Ahmed Elqattawi as he completed his Fulbright Scholarship funded by the U.S. Department of State, USA. MA in Curriculum and Instruction at Northern Illinois University, DeKalb City, Illinois State, USA.

Ahmed Elqattawi – (2023 – 2025) (https://intersticia.org/_fellows/ahmed-elqattawi/)

Intersticia continued its support of Ahmed with funding of $6,000 (USD) paid in the 2024 – 2025 Financial Year towards his living expenses.

  1. Initial payment $1,000 July 2023 2. Second payment $3,000 August 2023 3. Third payment $3,000 July 2024 4. Fourth payment $3,000 March 2025

Ahmed’s commitment is to:

Ahmed completed his Masters Degree in May 2025 and in June 2025 applied for Political Asylum in the United States. He is now awaiting the results of his application and receiving support from his local community. We continue to monitor Ahmed’s progress and remain ready to provide additional assistance should this be necessary.

Veronica Gargallo-Llamas – (2021, 2024) – (https://www.intersticia.org/community/veronica-g-llamas)

In 2021 the Intersticia Foundation supported Veronica with her living expenses at Goodenough College and in 2024 Intersticia UK followed this by supporting Veronica to attend the 2024 Leicester Conference.

- Troy Russell – (2023 – 2024) – (https://intersticia.org/_fellows/troy russell/)

In 2024 – 2025 the Intersticia Foundation Australia continued this work by supporting the work of Biripi and Gamillaroi musician Troy Russell through 5Eliza Street, the School of Creative Arts in Newtown, Sydney. In January 2024 Troy began the development of new experimental creative work which aims to create a virtual creative experience that brings together music, dance and story in a way that " could combine bleeding-edge technologies, physical stagecraft techniques, interactive experience design, and thematic worldbuilding executed at a level not yet achieved by existing immersive theatres ." The experience is based upon Indigenous storytelling and imagery, combined with dance and the project “Songlines Through Cyberspace” was launched at 5Eliza Street on 25[th] March, 2024. In (https://www.linkedin.com/in/troy-russell-2500293a/). In May 2025 Troy and colleague Adam Nash worked with the Centre for Transformative Media at Swinburne University in Melbourne to explore motion capture (MoCap) technology and its potential applications for the project. A write up of the launch of the project can be found at https://www.intersticia.org/blog/immersive-story-world-building.

Updates on our previous Creative Fellows :

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Intersticia UK

Trustees’ annual report for the year ended 28 February 2025

Fellowship Development

There are three key elements of the work we do with our Intersticia Fellows in order to support their leadership development. These include:

Following on from our 2023 Intersticia Retreat we determined to utilise the skills of Jess Chambers who created a 4 week Voice Coaching programme for Intersticia Fellows, Board Members and Advisors delivered in London from Monday 12[th] February, 2024 to Friday March 8[th] , 2024. Eight of the Intersticia community participated in these sessions and the plan is to repeat the programme again in future years.

In addition to the core Intersticia work whilst she was in London Jess held a group session for the staff of Founders and Coders, and an online session for the Yalla Community.

Jess Chambers – (2019, 2024) (https://intersticia.org/_fellows/jess-chambers/)

Intersticia Community Events were held throughout the 2024 – 2025 Financial Year:

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Intersticia UK

Trustees’ annual report for the year ended 28 February 2025

Intersticia Mini-Retreat 2025

A ‘mini-Retreat’ was held at Dingley Place, Founders and Coders on Saturday 21[st] July, 2025 which 15 Fellows attended together with Dan Sofer of Founders and Coders and Advisor Dr Philip Hayton. The day was facilitated by Samantha Crock and Marianne Darre and proved to be a much-needed opportunity to reconnect the community, to begin some work on a new psychological tool being developed by Dr Hayton, and to prepare for the next full Retreat planned for 2026.

Intersticia Retreat 2026

Plans for Intersticia’s fifth Retreat to be held in September / October 2026 have commenced and Board Trustees Berivan Esen and Samantha Campbell have taken the lead in the organisation to be assisted by Jacquie Crock. The facilitation will be undertaken by Anni Rowland-Campbell, Samantha Crock and Marianne Darre supported by Dan Sofer and Philip Hayton.

Leicester Conference 2024 and 2025

A core element of Intersticia’s philosophy with regard to leadership development is the ability to more effectively work with and understand Group Dynamics and working with Teams. Since 2018 we have sent two of our community to the Tavistock Institute’s Leicester Conference (see https://www.tavinstitute.org/what-we-offer/professionaldevelopment/leicester-conference/).

In 2024 we sent Hannah Stewart and Veronica Gargallo-Llamas as Members of the Conference. Marco Valerio also attended working as Co-Ordinator on the Tavistock Staff of the conference.

In 2025 we sent Sean McDiarmid and he was accompanied by Lisa Kohler from the University of Stuttgart.

Intersticia Directors and Advisors

The work of Intersticia is dependent on the Directors and Advisors who willingly give their time, experience and knowledge to work with our Fellows and Scholars. Each comes with their own area of expertise:

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Intersticia UK Trustees’ annual report for the year ended 28 February 2025

Related parties and relationships with other organisations

– Working with Partner Organisations Digital Leadership

Newspeak House

In 2024 – 2025 we had our fourth Newspeak Fellow and it has enabled us to continue working closely with the London College of Political Technology, particularly through assisting with the monitoring of the Fellowship activities and curriculum.

Founders and Coders (https://www.foundersandcoders.com/)

Founded in 2015, Founders and Coders was one of the UK’s first coding bootcamps—and the first one launched as a non-profit. From the start, our mission has been to widen access to the digital sector.

Intersticia has been working with Founders and Coders since we supported the “Tech for Better Founders” programme in 2018 (https://intersticia.org/initiatives/founders-coders/). Throughout 2024 – 2025 we continued to develop the Web Science – Social Machine course to incorporate aspects of Web Science into the Founders and Coders core curriculum. This builds on the work we have now done with Founders and Coders since delivering our first FAC Web Science courses in 2018 and our 2023 Founder, Hannah Stewart, has been instrumental in developing the course.

Hannah Stewart and Anni Rowland-Campbell co-facilitated two half-day modules as an integral component of the Apprenticeship Curriculum for Founders and Coders Cohort 29:

For FAC 30 and 31 we delivered a full day workshop on Thursday 17[th] July, 2025.

The Yalla Co-Operative

Intersticia began working with Yalla when it was founded in 2019 by two members from the first Founders cohort (Joe Friel, Simon Dupree) together with one from Gaza Sky Geeks (Ramy Al Shufara) (see https://www.yallacooperative.com/story-and-team). Yalla operates between London, Berlin and Gaza and aims to help non-profits and impact-driven businesses drive positive social change in the Tech Sphere. Since then we have supported the first Yalla Apprenticeship Programme in partnership with Founders and Coders, Gaza Sky Geeks (GSG) and Yalla - - - (https://intersticia.org/the yalla apprenticeship programme/). In 2024 – 2025 we continue to support Yalla through the provision of Coaching and Mentoring, and in 2023 Intersticia engaged Yalla to redesign and redevelop the Intersticia Foundation, Intersticia UK and Brave Conversations websites which were launched in the Summer of 2024. In October 2024 Intersticia supported the Yalla Members by helping them with work space in Istanbul.

Web Science Trust UK (https://webscience.org/)

Intersticia has been working with the Web Science Trust since Anni Rowland-Campbell met Professor Dame Wendy Hall in 2012 and became a Trustee in 2016. Brave Conversations, which was created in 2017, continues to be held as a joint event and in 2024 was held as an integral component of the 2024 Web Science Conference in Stuttgart (see https://websci24.org/). These events are primarily aimed at the general public and people from all walks of life and held as public forums to educate and empower individuals to become more conversant, confident and responsible in how they use emerging (digital) technologies (see below).

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Trustees’ annual report for the year ended 28 February 2025

Intersticia continues to work with the Web Science Trust and seek linkages around the world. One of these is to begin to research schools active in areas which are complementary to Web Science but expanding out to areas of the political economy and complexity science (see https://en.wikipedia.org/wiki/Complexity_theory). To begin to explore this Anni Rowland-Campbell attended The Complexity Global School for Emerging Political Economies in Bogota, Colombia, in July - - 2024 at the invitation of Intersticia Fellow Juan Pablo Castilla (see https://www.santafe.edu/info/2024 complexity global-school/overview). A write up of this event can be found at https://www.intersticia.org/blog/21st-centurycomplexity.

There is now an emerging partnership between the Web Science Trust, the Digital Enlightenment Forum (https://www.digitalenlightenment.org/) and the Digital Humanism Initiative (https://caiml.org/dighum/ ) together with the People Centered Internet (https://peoplecentered.net/). The first joint event was conducted at the Royal Society on 15[th] July, 2024 and Intersticia was represented by Anni Rowland-Campbell and Hannah Stewart (see https://www.youtube.com/watch?v=ltF5uWB9Wg0). A write up of this event can be found at https://www.intersticia.org/blog/buckle-up-weve-only-just-begun.

Public Events – Brave Conversations (https://braveconversations.org/)

Brave Conversations was developed in partnership with the Web Science Trust to bring Web Science to the public realm and has been held around the world. In 2024 – 2025 we held a number of events.

Brave Conversations Stuttgart 2024 - https://braveconversations.org/stuttgart2024/

As a part of the 2024 ACM Web Science Conference Hannah Stewart and I facilitated our first German Brave Conversations event on Tuesday 21[st] May, 2024. 12 people attended from a range of disciplines and backgrounds, some academics who were attending the conference, but also others who had found out about the event through the City of Stuttgart and Stuttgart University.

On Wednesday 22[nd] May, 2024 Intersticia Fellow Hannah Stewart and I ran a second Brave Conversations event, specifically designed for University of Stuttgart School for Talents (see https://www.project.uni-stuttgart.de/school-fortalents/). This group of wonderfully talented young people demonstrated the value of Brave Conversations to young people and it is our hope to do more of these events in partnership with similar organisations.

Feedback from the Leader of the Programme Lisa Kohler was:

Our teams had a very productive meeting during which we discussed the potential of future collaborations between IRIS and School for Talents. The most important take-away for now is that we all 100% agree that Brave Conversations is a wonderful format that deserves a bigger audience. Before the summer break, our talents filled out this year’s interim survey, and Hannah and you were listed as the absolute highlight of the program so far. Some student mentioned that the workshop gave them a sense of agency. Not only did they learn a lot, they also walked away with the feeling that there are ways to take back control, and opportunities to get involved into developing the internet of the future. These learning opportunities are all too rare, and so we’d love to take you up on your offer to conduct another round of Brave Conversations in Stuttgart – and to “train” us to continue the format under your guidance and with your support.

See write ups of both the Web Science Conference and Brave Conversations at https://intersticia.org/websci24-and-theemerging-agent-society/ and https://www.intersticia.org/blog/brave-conversations-stuttgart-2024.

Following on from these events Hannah Stewart and I returned to Stuttgart to facilitate a training workshop for the staff of the University of Stuttgart School for Talents on Tuesday 10[th] December, 2024. Since then they have held a number of Brave Conversations events in Germany themselves, and in July 2025 we returned to hold another public event.

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Trustees’ annual report for the year ended 28 February 2025

Brave Conversations Stuttgart 2025 – https://www.braveconversations.org/event/stuttgart-2025

The University of Stuttgart School for Talents hosted a two-day event for its students and members of the public at the University on Friday 4[th] and Saturday 5[th] July, 2025. The first day consisted of a focused workshop linking the work of Brave Conversations with the School for Talents programme and 25 students attended which was facilitated by former Gaza Sky Geeks Program Lead Ghada Ibrahim (https://www.linkedin.com/in/ghada-m-ibrahim-247a7486/). The second day consisted of a full Brave Conversations attended by 47 people from the city of Stuttgart including students and members of the public. It was wonderful to be taking this programme to Germany and to be supported by Ghada who wrote this piece about the two days - https://www.intersticia.org/blog/brave-conversations-25-trust-ai-the-power-ofasking-better-questions.

Ghada is now working closely with Hannah and myself to organise the Brave Conversations material so that others can deliver the programme and we can continue to develop it. Our next Brave Conversations events will be held in Colombo, Sri Lanka at the University of Moratuwa (UoM) on Monday 10[th] November, 2025, and the University of Colombo School of Computing on Tuesday 11[th] November, 2025. Web Science Trust Member Assistant Professor Oshani Seneviratne, Deputy Director, Web Science Trust Network Labs and Assistant Professor in Computer Science, Rensselaer Polytechnic Institute, Troy, NY, USA, will be co-facilitating these events.

Brave Conversations will also be held as an integral part of the 2026 Web Science Conference to be held in Brunswick, Lower Saxony, Germany, in May 2026 (https://websci26.org/).

Related party transactions and trustee expenses

Related party transactions and trustee expenses are described in Note 8 to the accounts.

Financial review

The charity received £40,000 (2024: £73,500) in donations and £726 in investment income (2024: £784) during the period plus other income of £1,769 (2024: £Nil). It paid out grants and bursaries of £35,896 (2024: £46,486), and funded event costs totalling £1,910 (2024: £19,775). Income and expenditure performed as budgeted for the year 2024-2025.

The total unrestricted income for the year consisted of £42,495 (2024: £59,284), and the total unrestricted expenditure was £38,860 (2024: £62,047), leaving a surplus of £4,824 (2024: deficit of £3,915).

Total restricted income for the year was £Nil (2024: £15,000), the total restricted expenditure was £3,190 (2024: £11,310), leaving a deficit of £3,190 (2024: surplus of £3,690).

At the end of the year the charity’s funds consisted of unrestricted funds of £20,373 (2024: £15,549) and restricted funds of £500 (2024: £3,690).

Reserves policy

The charity has no fixed overhead costs. It is not currently judged necessary to hold a specific level of reserves.

Structure, governance and management

The organisation is a charitable company limited by guarantee, incorporated on 2nd February 2018 and registered as a charity on 7th January 2019.

The company was established under a memorandum of association which established the objects and powers of the charitable company and is governed under its articles of association.

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Intersticia UK

Trustees’ annual report for the year ended 28 February 2025

Members of the charity guarantee to contribute an amount not exceeding £1 to the assets of the charity in the event of winding up. The total number of such guarantees at 28 February 2025 was 5 (2024: 5). The trustees are members of the charity but this entitles them only to voting rights. The trustees have no beneficial interest in the charity.

All trustees give their time voluntarily and receive no benefits from the charity. Any expenses reclaimed from the charity are set out in a note to the accounts.

Trustees are recruited and appointed by the existing trustees.

Formal Meetings of the company were held on 12[th] July, 2024 and on 16[th] July, 2025. Informal meetings have been held with Trustees throughout the year.

Trustees are in regular communication concerning the charity and its activities. When decisions are required short term communications are held online.

One key policy of the charity is to ensure that our Fellows have the opportunity to develop experience of governance and board management, and hence our aim is to have one Fellow serving as a Director of the company and as trustee of the charity.

Accordingly Berivan Esen was appointed a Director of Intersticia UK on 1[st] September, 2020 and Nick Byrne appointed as a member of the Intersticia Foundation Australia Board on 20[th] April, 2021.

Each of these individuals contributes their time, experience and energy to working with the Intersticia Fellows and our broader programmes.

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Intersticia UK

Trustees’ annual report for the year ended 28 February 2025

Statement of responsibilities of the trustees

The trustees (who are also directors of Intersticia UK for the purposes of company law) are responsible for preparing the trustees’ annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable group and of the incoming resources and application of resources, including the income and expenditure, of the charitable group for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable group and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report has been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime of the Companies Act 2006.

The trustees’ annual report has been approved by the trustees on and signed on their behalf by 12 / 11 / 2025

Ann Rowland-Campbell Director

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Independent examiner’s report to the trustees of Intersticia UK for the year ended 28[th] February 2025

I report on the accounts of the charity for the year ended 28th February 2025 set out on pages 16 to 24 .

Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (“the Charities Act”) and that an independent examination is needed.

It is my responsibility to:

Basis of independent examiner’s statement

My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.

Independent examiner's statement

In connection with my examination, no matter has come to my attention:

  1. which gives me reasonable cause to believe that, in any material respect, the requirements:

  2. to keep accounting records in accordance with section 130 of the Charities Act; and

  3. to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act

have not been met; or

  1. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Patrick Morrello ACA Third Sector Accountancy Limited Holyoake House Hanover Street Manchester M60 0AS

Date: 12 / 11 / 2025

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Statement of Financial Activities (including Income and Expenditure account) for the year ended 28 February 2025

Unrestricted
funds
Note
£
Income from:
Donations and legacies
3
40,000
Investments
4
726
Other
1,769
Total income
42,495
Expenditure on:
Raising funds
5
234
Charitable activities
6
38,426
Total expenditure
38,660
989
7
4,824
Net movement in funds for the year
4,824
Reconciliation of funds
Total funds brought forward
15,549
Total funds carried forward
20,373
Net income/(expenditure) for the year
Net gains/(losses) on investments		 Restricted
funds
£
-
-
-
-
-
3,190
3,190
-
(3,190)
(3,190)
3,690
500		 Total
2025
£
40,000
726
1,769
42,495
234
41,616
41,850
989
1,634
1,634
19,239
20,873		 Unrestricted
funds
£
58,500
784
59,284
236
61,811
62,047
(1,152)
(3,915)
(3,915)
19,464
15,549		 Restricted
funds
£
15,000
-
15,000
-
11,310
11,310
-
3,690
3,690
-
3,690		 Total
2024
£
73,500
784
74,284
236
73,121
73,357
(1,152)
(225)
(225)
19,464
19,239

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities and is unrestricted.

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Intersticia UK Company number 11185197

Balance sheet as at 28 February 2025

Note
£
£
Fixed assets
Investments
10
19,691
Total fixed assets
19,691
Current assets
Debtors
11
62
Cash at bank and in hand
12
2,551
Total current assets
2,613
Liabilities
Creditors: amounts falling
due in less than one year
13
(1,431)
Net current assets
1,182
Total assets less current liabilities
20,873
Net assets
20,873
The funds of the charity:
Restricted income funds
14
500
Unrestricted income funds
15
20,373
Total charity funds
20,873
2025		 £
£
18,936
18,936
68
3,435
3,503
(3,200)
303
19,239
19,239
3,690
15,549
19,239
2024

For the year in question, the company was entitled to exemption from an audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These accounts are prepared in accordance with the special provisions of part 15 of the Companies Act 2006 relating to small companies and constitute the annual accounts required by the Companies Act 2006 and are for circulation to members of the company.

The notes on pages 18 to 24 form part of these accounts.

12 / 11 / 2025

Approved by the trustees on …....................................... and signed on their behalf by:

Ann Rowland-Campbell, Trustee

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Intersticia UK

Notes to the accounts for the year ended 28 February 2025

1 Accounting policies

The principal accounting policies adopted, judgments and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

a Basis 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 102) issued in October 2019 - (Charities SORP (FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Intersticia UK meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.

The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £ sterling.

b Judgments and estimates

The trustees have made no key judgments which have a significant effect on the accounts.

The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities within the next reporting period.

c Preparation of the accounts on a going concern basis

The trustees consider that there are no material uncertainties about the charitable company's ability to continue as a going concern.

d Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.

Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

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Intersticia UK

Notes to the accounts for the year ended 28 February 2025 (continued)

e Fund accounting

Unrestricted funds are available to spend on activities that further any of the purposes of charity.

Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity’s work or for specific projects being undertaken by the charity.

f Expenditure and irrecoverable VAT

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

g Fixed asset investments

Investments are a form of basic financial instrument and are initially recognised at their transaction value and subsequently measured at their fair value as at the balance sheet date using the closing quoted market price. The statement of financial activities includes the net gains and losses arising on revaluation and disposals throughout the year.

The Charity does not acquire put options, derivatives or other complex financial instruments.

The main form of financial risk faced by the charity is that of volatility in equity markets and investment markets due to wider economic conditions, the attitude of investors to investment risk, and changes in sentiment concerning equities and within particular sectors or sub sectors.

h 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.

i Cash at bank and in hand

Cash at bank and cash in hand includes cash and funds held in the charity's current account.

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Intersticia UK

Notes to the accounts for the year ended 28 February 2025 (continued)

j Creditors and provisions

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 a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

2 Legal status of the charity

The charity is a company limited by guarantee registered in England and Wales and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The registered office address is disclosed on page 1.

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Intersticia UK

Notes to the accounts for the year ended 28 February 2025 (continued)

3 Income from donations and legacies

2025
£
Unrestricted donations
40,000
Restricted donations
-
Total
40,000
4
Investment income
2025
£
Dividends received - unrestricted
726
5
Cost of raising funds
2025
£
Investment management costs
234
6
Analysis of expenditure on charitable activities
2025
£
Scholarships, bursaries & charitable donations
35,896
Event costs
1,901
Office overheads
304
Legal and professional fees
1,710
Accountancy
1,615
Travel
190
41,616
Restricted expenditure
3,190
Unrestricted expenditure
38,426
41,616
Scholarships and bursaries, charitable donations
During the year the charity made the following awards:
Scholarships and bursaries to individuals
32,706
Charitable donations to the following organisations:
Doing it Good Ltd - MP Office project
3,190
35,896		 2024
£
58,500
15,000
73,500
2024
£
784
2024
£
236
2024
£
46,486
19,775
4,670
330
1,530
330
73,121
11,310
61,811
73,121
35,176
11,310
46,486

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Intersticia UK

Notes to the accounts for the year ended 28 February 2025 (continued)

7 Net income/(expenditure) for the year

Net income/(expenditure) for the year
This is stated after charging/(crediting): 2025 2024
£ £
Independent examiners fee 1,392 1,530

8 Trustee remuneration and expenses, and related party transactions

No trustee nor any persons connected with them received any remuneration during the year (2024: Nil).

One trustee received travel and subsistence expenses of £53 during the year (2024: £NIL). Aggregate donations from related parties were £40,000 (2024: £58,500).

There are no donations from related parties which are outside the normal course of business and no restricted donations from related parties.

No trustee or other person related to the charity had any personal interest in any contract or transaction entered into by the charity, including guarantees, during the year (2024: nil).

9 Corporation tax

The charity is exempt from tax on income and gains falling within Chapter 3 of Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have arisen in the charity.

10 Investments

Add: additions to investments at cost
Disposals at carrying value
Add net gain/(loss) on revaluation
Investments at fair value comprised:
Equities
Fixed interest securities
Cash held within the investment portfolio
Market value at the start of the year
Market value at the end of the year
Cash held by investment broker pending
reinvestment		 2025
£
18,607
1,651
(2,315)
989
18,932
759
19,691
11,463
7,469
759
19,691		 2024
£
19,857
2,232
(2,331)
(1,152)
18,607
329
18,936
10,668
7,939
329
18,936

Investments are all carried at fair value and are all traded in quoted public markets.

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Intersticia UK

Notes to the accounts for the year ended 28 February 2025 (continued)

11 Debtors

----- Start of picture text -----
2025 2024
£ £
Prepayments and accrued income 62 68
62 68
12 Cash at bank and in hand
2025 2024
£ £
Cash at bank and on hand 2,551 3,435
2,551 3,435
13 Creditors: amounts falling due within one year
2025 2024
£ £
Other creditors and accruals 1,431 3,200
1,431 3,200
----- End of picture text -----

14 Analysis of movements in restricted funds

Total
Comparative period
Total
MP Office Project
MP Office Project		 Balance at 1
March 2024
£
3,690
3,690
Balance at 1
March 2023
£
-
-		 Income
£
-
-
Income
£
15,000
15,000		 Expenditure
£
(3,190)
(3,190)
Expenditure
£
(11,310)
(11,310)		 Transfers
£
-
-
Transfers
£
-
-		 Balance at 28
February
2025
£
500
500
Balance at
29 February
2024
£
3,690
3,690

Name of restricted fund

Description, nature and purposes of the fund

MP Office Project Developing best practice in setting up MP's offices and assisting new MPs.

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Intersticia UK

Notes to the accounts for the year ended 28 February 2025 (continued)

15 Analysis of movement in unrestricted funds

Comparative period
General fund
General fund		 Balance at 1
March 2024
£
15,549
15,549
Balance at
1 March
2023
£
19,464
19,464		 Income
£
42,495
42,495
Income
£
59,284
59,284		 Expenditure
£
(38,660)
(38,660)
Expenditure
£
(62,047)
(62,047)		 Gains on
investments
£
989
989
Gains on
investments
£
(1,152)
(1,152)		 As at 28
February
2025
£
20,373
20,373
As at 29
February
2024
£
15,549
15,549

Name of

unrestricted fund Description, nature and purposes of the fund General fund The free reserves after allowing for all designated funds

16 Analysis of net assets between funds

Fixed asset investments
Net current assets/(liabilities)
Total
Comparative period
Fixed asset investments
Net current assets/(liabilities)
Total		 General
fund
£
19,691
682
20,373
General
fund
£
18,936
(3,387)
15,549		 Designated
funds
£
-
-
-
Designated
funds
£
-
-
-		 Restricted
funds
£
-
500
500
Restricted
funds
£
-
3,690
3,690		 Total 2025
£
19,691
1,182
20,873
Total 2024
£
18,936
303
19,239

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