## INTERESTELAR
(Registered charity no. 1183947)
TRUSTEES’ ANNUAL REPORT AND
RECEIPTS AND PAYMENTS ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2025
NfP Accountants Ltd
INTERESTELAR
## TRUSTEES’ ANNUAL REPORT AND RECEIPTS AND PAYMENTS ACCOUNTS
For the period ended 31 March 2025
## CONTENTS
|Legal and Administrative information|1|
|---|---|
|Trustees' Annual Report|2|
|Independent Examiner's Report|11|
|Receipts and Payments Accounts|12|
|Statement of Assets and Liabilities|13|
**TRUSTEES’ ANNUAL REPORT AND RECEIPTS AND PAYMENTS ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025**
Trustees Dr Cristina Lopez Peig Dr Olatz Begona Heredia Diez Jose Luis Montes Buera Dr Vidaltxo Martinez Elizari Charity Reg. No. 1183947 Registered Office 17 Blackwell Close London N21 1UL Independent Examiner Charles Ssempijja, FCA 3rd Floor, 86-90 Paul Street London EC2A 4NE Bankers CAF Bank Ltd 25 Kingshill Avenue Kings Hill, West Malling Kent, ME19 4JQ
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**TRUSTEES’ ANNUAL REPORT AND RECEIPTS AND PAYMENTS ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025**
The trustees present their annual report and financial statements of the charity for the period ended 31 March 2025. Reference and administrative information set out on page 1 forms part of this report. The financial statements have been prepared on a Receipts and Payments basis, and they comply with current statutory requirements and the charity's governing document. The Trustees’ Annual Report has been prepared in compliance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
## OBJECTIVES AND ACTIVITIES FOR THE PUBLIC BENEFIT
## Charitable objects
The objects of the CIO are to preserve and promote the health of people suffering from mental or physical illness of any description or in need of rehabilitation as a result of such illness, but also the health of their carers and general public in any part of the world, in particular but not exclusively, by providing education related to health promotion through the provision of lectures, books, leaflets and the publication of newsletters and by raising awareness and organising activities to support the community structures in any part of the world which have a proven beneficial effect in general health.
## Statement of public benefit
The Trustees confirm that they have complied with their duty to have due regard to the guidance on public benefit published by the Charity Commission in exercising their powers or duties.
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. The Trustees consider how planned activities will contribute to the aims and objectives that have been set.
## ACHIEVEMENTS AND PERFORMANCE: REVIEW OF ACTIVITIES FOR THE YEAR
During the year, the charity strengthened its local partnerships by actively networking with food-related agencies and becoming a member of the Enfield Food Partnership , coordinated by the local council. We participated in multi-agency meetings and delivered educational presentations on nutrition, meal planning, budgeting, and the health impacts of ultra-processed foods, with a particular focus on older people and children.
We delivered wellbeing-focused activities, including the Twalking FOOD challenge , a virtual and practical initiative promoting physical activity, healthy eating, and lifestyle awareness, while signposting participants to free local services such as Age UK, Mind, GPs, social prescribers, and patient participation groups.
Our communications work expanded through the creation and dissemination of wellbeing content, including the Start Well, Live Well, Age Well campaign, using videos and social media to promote = healthy eating and preventative health messages. https://www.youtube.com/watch?v qoJuGAchTjo
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**TRUSTEES’ ANNUAL REPORT AND RECEIPTS AND PAYMENTS ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025**
Internationally , we collaborated with Hand-by-Hand and BACC to support a six-month volunteering project in Ethiopia, developing a structured mental health caregiver training programme. This initiative combined theoretical training and supervised practice, improved caregiver skills, introduced individualised care plans and ADL assessments, and aimed to enhance patient independence and overall quality of mental health care.
## FINANCIAL REVIEW
The Charity had net receipts for the year of £33,392 (2024 – £23,858), details of which are shown in the Receipts and Payments Accounts below.
The total value of receipts during the year amounted to £43,442 (2024 - £33,845. The total value of payments amounted to £10,050 (2024 - £9,987).
Cash funds at the end of the financial year were £90,418 (2024 – £57,025), all of which were unrestricted funds.
## Reserves policy
The trustees have set a reserves policy to hold £20,000 in reserves. This amount is calculated based on 6 months’ expenditure, without receiving further income during those 6 months’ budgeted expenditure. The amount in reserves is higher than the set level. The Trustees will review the reserves policy and funds application to projects in the coming year.
## Designated funds
In addition, the Trustees have reviewed plans for future programming costs and considered the charity’s funding requirements for 2026-2029. In three to five years' time, we aim to organize respite periods for individuals with long term conditions and their carers. Our vision involves renting an adapted space situated in a natural setting, providing a serene and accessible environment for our clients. This initiative is designed to offer much-needed breaks and support for both individuals with long term conditions or/and disabilities, and their caregivers.
Key details of our plan are as follows:
1. Timeline: Implementation planned for 2027-29
2. Accommodation: Disability-adapted space in a natural setting
3. Capacity: 10-12 people per session
4. Duration: Weekly respite periods
5. Estimated Cost: £10,000 per week
To ensure the successful launch and sustainability of this program, we are building a designated fund of up to £100,000, with £50,000 in the current year. This proactive approach will allow us to
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**TRUSTEES’ ANNUAL REPORT AND RECEIPTS AND PAYMENTS ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025**
accumulate the necessary financial resources over the next five years.
## Going concern
The Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Free reserves are held to ensure the continuity of care of our patients, mainly elderly population, cares and patients with long term conditions, and to help developing our five-year plan described below.
## PLANS FOR FUTURE PERIODS
We worked on developing a new strategy during 23/24 financial year. Our organisation consulted with patients, health professionals and voluntary sector in Enfield. This strategy was approved and implemented during 24/25 financial year. We work ensuring we meet the needs of the diverse community we serve and increase awareness about our services.
We main goal is to keep developing a five-year plan to establish a new model of respire for patients with long term conditions and their carers. Our strategy is focused on 4 priority areas over the next years: increase participation and influence; developing our services, income generation and sustainability; partnership and collaboration.
We plan to implement the strategy outlined above in the forthcoming years, subject to satisfactory funding arrangements. Although our funds are gradually increasing helping to achieve our future main goal -the implementation of a new model of respite center, an increase in our unrestricted funds to a stronger position would help developing this five-year plan.
## STRUCTURE, GOVERNANCE AND MANAGEMENT
## Constitution and governing document
Interestelar is a registered charity, number 1183947, constituted as a Charitable Incorporated Organisation (CIO) and was registered with the Charity Commission on 18 June 2019. The charity is governed by its Constitution of the CIO dated 07.01.2019.
The charity is committed to creating an innovation space where different social groups interact, to improve the quality of life in the community; a place where professionals share the challenges of carers and patients’ daily life.
## Method of appointment or election of Board of Trustees
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**TRUSTEES’ ANNUAL REPORT AND RECEIPTS AND PAYMENTS ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025**
Trustees are elected and co-opted under the terms of the charity’s Constitution of the CIO document. Regular reviews are held to identify gaps within the knowledge and expertise of the Board of Trustees and appointments are made where required to strengthen the Board.
When it is necessary to appoint new Trustees, due to either a Trustee stepping down or a gap of expertise in the board is identified, recruitment will initially begin through the networks of the board and management team. Applicants will be reviewed by Trustees and the successful applicant will be invited to attend a Trustee meeting. Following this, on the provision that the board are satisfied and the applicant still wishes to join the Trustee board, they will be appointed.
No other person or external organisation is entitled to appoint any Trustees of the charity. The Trustees who served during the period and after the year end are shown on page 1.
## Policies adopted for the induction and training of Trustees
The charity provides new trustees with an induction pack and mentoring from the Chair. The charity has limited resources for formal training of the trustee body. However, on-going training opportunities are announced to Trustees when these become available pro bono.
## Related party relationships
The charity has no related party connections with other organisations. The Trustees consider that members of the board, the director, and their close connections to be the only related parties of the charity.
Trustees are required to disclose all relevant interests and register them with the Director and to withdraw from decisions where a conflict of interest arises.
The trustees did not receive any remuneration during the year (2022 – the same). No trustees were reimbursed for out-of-pocket expenses incurred on behalf of the charity (2022 – the same).
## Remuneration policy for key management personnel
The Trustees consider the Board of Trustees and the director as comprising the key management personnel of the charity in charge of directing and controlling the charity and running and operating the charity on a day-to-day basis. All Trustees give of their time freely.
## Risk management
The Trustees fully accept their responsibilities for ensuring that the major risks to which the Charity is exposed are identified, and that there are systems and procedures in place to mitigate those risks. At every meeting the Trustees receive comprehensive update reports on the charity’s work programme, finances, staffing and partnerships. These are all considered in terms of risk and actions to manage and mitigate risk are agreed.
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## **TRUSTEES’ ANNUAL REPORT AND RECEIPTS AND PAYMENTS ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025**
## APPROVAL OF THE REPORT
This report was approved by the Board of Trustees on 14.12.2025 and signed on its behalf by:
………………………………………………………. Dr Cristina Lopez Peig Trustee
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**TRUSTEES’ ANNUAL REPORT AND RECEIPTS AND PAYMENTS ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025**
## **Section A Independent Examiner’s Report**
**Report to the trustees/** Charity Name **members of** Interestelar **On accounts for the period** 31 March 2025 **Charity no** 1183947 **ended (if any) Set out on pages** appended (remember to include the page numbers of additional sheets) I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the period ended **31 March 2025** . **Responsibilities and basis** As the charity trustees of the Trust, you are responsible for the preparation of **of report** the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”). I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. I have completed my examination. I confirm that no material matters have _INDEPENDENT EXAMINER'S_ come to my attention ( ~~other than that disclosed below *~~ ) in connection with the _STATEMENT_ examination which gives me cause to believe that in, any material respect: • accounting records were not kept in accordance with section 130 of the Act or • the accounts do not accord with the accounting records I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
||||
|---|---|---|
|**Signed:**
**Name:**
**Relevant professional**
**qualification(s) or body (if**
**any):**
**Address:**||19.12.2025|
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||Charles Ssempijja||
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||FCA (ICAEW)||
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||NfP Accountants Ltd, 3rdFloor, 86-90 Paul Street, London, EC2A 4NE||
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## **TRUSTEES’ ANNUAL REPORT**
## **FOR THE PERIOD ENDED 31 MARCH 2025**
**Interestelar 1183947 Receipts and payments accounts For the period** Period start date Period end date **To from** 01-Apr-24 31-Mar-25
**CC16a**
## **Section A Receipts and payments**
||**Unrestricted**
**funds**||**Restricted**
**funds**||**Endowment**
**funds**||**Total funds**||**Last year**|
|---|---|---|---|---|---|---|---|---|---|
||**to the nearest £**||**to the nearest £**||**to the nearest £**||**to the nearest £**||**to the nearest £**|
|**A1 Receipts**||||||||||
|Grants|**-**||**-**||**-**||**-**||**-**|
|Contracts|**40,000**||**-**||**-**||**40,000**||**33,750**|
|Donations|**2,500**||**-**||**-**||**2,500**||**-**|
|Bank interest|**942**||**-**||**-**||**942**||**95**|
||**-**||**-**||**-**||**-**||**-**|
||**-**||**-**||**-**||**-**||**-**|
||**-**||**-**||**-**||**-**||**-**|
||**-**||**-**||**-**||**-**||**-**|
|**_Sub total_**_(Gross income for_
_AR)_|**43,442**||**-**||**-**||**43,442**||**33,845**|
|||||||||||
|**A2 Asset and investment sales,**
**(see table).**||||||||||
||**-**||**-**||**-**||**-**|||
||**-**||**-**||**-**||**-**||**-**|
|**_Sub total_**|**-**||**-**||**-**||**-**||**-**|
|||||||||||
|**_Total receipts_**|**43,442**||**-**||**-**||**43,442**||**33,845**|
|||||||||||
|**A3 Payments**||||||||||
|Bank charges|**60**||**-**||**-**||**60**||**60**|
|Equipment|**400**||**-**||**-**||**400**||**623**|
|Payments topartner organisations|**7,849**||**-**||**-**||**7,849**||**7,600**|
|MVM ((My Virtual Mission) app subscription|**344**||**-**||**-**||**344**||**252 **|
|Website|**419**||**-**||**-**||**419**||**461 **|
|Subscriptions|**19**||**-**||**-**||**19**||**30**|
|Accountant fees|**960**||**-**||**-**||**960**||**960**|
||**-**||**-**||**-**||**-**||**-**|
|**_Sub total_ **|**10,050**||**-**||**-**||**10,050**||**9,987**|
|||||||||||
|**A4 Asset and investment**
**purchases, (see table)**||||||||||
||**-**||**-**||**-**||**-**|||
||**-**||**-**||**-**||**-**|||
|**_Sub total_ **|**-**||**-**||**-**||**-**||**-**|
|||||||||||
|**_Total payments_**|**10,050**||**-**||**-**||**10,050**||**9,987**|
|||||||||||
|**_Net of receipts/(payments)_**|**33,392**||**-**||**-**||**33,392**||**23,858**|
|**A5 Transfers between funds**|**-**||**-**||**-**||**-**||**-**|
|**A6 Cash funds lastyear end**|**57,025**||**-**||**-**||**57,025**||**33,167**|
|**_Cash funds thisyear end_**|**90,418**||**-**||**-**||**90,418**||**57,025**|
|||||||||||
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## **TRUSTEES’ ANNUAL REPORT**
## **FOR THE PERIOD ENDED 31 MARCH 2025**
**Interestelar 1183947 Receipts and payments accounts CC16a For the period** Period start date Period end date **To from** 01-Apr-24 31-Mar-25
## **Section B Statement of assets and liabilities at the end of the period**
**----- Start of picture text -----**
Unrestricted Restricted Endowment
Categories Details funds funds funds
to nearest £ to nearest £ to nearest £
B1 Cash funds Current account 39,566 - -
Savings account 50,851 - -
- - -
Total cash funds 90,418 - -
(agree balances w ith receipts and payments
account(s)) OK OK OK
Unrestricted Restricted Endowment
funds funds funds
Details to nearest £ to nearest £ to nearest £
B2 Other monetary assets - - -
- - -
Fund to which Current value
Details asset belongs Cost (optional) (optional)
B3 Investment assets - -
- -
Fund to which Current value
Details asset belongs Cost (optional) (optional)
B4 Assets retained for the - -
charity’s own use - -
Fund to which Amount due When due
Details liability relates (optional) (optional)
B5 Liabilities Independent examination 960 -
-
Signed by one or two trustees on Date of
behalf of all the trustees Signature Print Name approval
Dr Cristina Lopez Peig 14.12.2025
**----- End of picture text -----**
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