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2025-03-31-accounts

Charity number: 1190098

Ideas Test CIO

Unaudited

Trustees' report and financial statements

For the year ended 31 March 2025

Ideas Test CIO

Contents

Page
Reference and administrative details of the Charity, its Trustees and advisers 1
Trustees' report 2 - 6
Independent examiner's report 7
Statement of financial activities 8
Balance sheet 9
Statement of cash flows 10
Notes to the financial statements 11 - 20

Ideas Test CIO

Reference and administrative details of the Charity, its Trustees and advisers For the year ended 31 March 2025

Trustees Jatin Patel, Chair
Jane Howard (resigned 22 April 2025)
Ally Sinyard (resigned 30 September 2024)
Rebecca Brennan-Brown
Simon Hague (appointed 23 October 2024)
Sathiya Mohan (resigned 23 July 2024)
Robin Pimenta, Treasurer
Nancy Stridgen (resigned 27 April 2025)
Alex Cameron
Elizabeth Mellen
Virginie Giles
Charity registered
number
1190098
Principal office
Room 5 1st Floor
5A New Road Avenue
Chatham
Kent
ME4 6BB
Accountants
Kreston Reeves LLP
Chartered Accountants
37 St Margaret's Street
Canterbury
Kent
CT1 2TU

Page 1

Ideas Test CIO

Trustees' report For the year ended 31 March 2025

The Trustees present their annual report together with the financial statements of the Charity for the year 1 April 2024 to 31 March 2025.

Objectives and activities

a. Policies and objectives

The objectives of the Charity are to advance the education of the public in the arts by:

a) Encouraging and developing public participation in these artforms by the presentation of artworks, commissions, concerts, performances, exhibitions and festivals in the districts of Swale and Medway primarily as well as in Kent and the South East region, nationally and internationally.

b) Supporting community and wellbeing and capacity building in Swale, Medway and Kent through commissioning of collaborative arts projects addressing issues of place, community, equality and inclusion.

c) Promoting, supporting and developing the creative community of Swale, Medway and Kent including the amateur and voluntary arts sectors and the understanding of collaborative arts and practice regionally, nationally and internationally.

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.

b. Strategies for achieving objectives

To achieve its objectives, the Charity works to:

Achievements and performance

a. Review of activities and future plans

“We don’t normally do creative things: this is the first time. It’s the first time where I felt that I might be able to do it.” (Participant feedback)

2023/24 saw Ideas Test gain pace in delivering its Arts Council England's Creative People and Places 2022-25 plans for engaging people in ambitious arts activity and events and involving people recognised who may not have previously engaged with the arts. 2024/25 has been a year of strengthening approaches, with planned investment of £90,455 of carried forward funds contributing to an impactful programme of events and activities in Medway and Swale.

The third year of the grant has enabled us to continue to embrace the challenge of creating an inclusive programme of large and small-scale events and activity that increases participation in arts and culture in local communities/individuals with low levels of engagement. This core funding has continued to stimulate success in our fundraising from other sources in an increasingly difficult economic climate. During the year we gratefully received project funds from Medway Council, Medway Shared Prosperity Fund, Youth Music, Colyer-Fergusson Charitable Trust, Hays Travel Foundation, Swale CEP, The National Gallery and Spirit of 2012.

Page 2

Ideas Test CIO

Trustees' report (continued) For the year ended 31 March 2025

Achievements and performance (continued)

“I’m absolutely delighted. I love the sense of fun, that there’s something for everyone and I love how vibrant it is. I can see there’s so much thought and care and attention that’s gone into it.” (Audience Member)

In brief, 2024-25 saw Ideas Test deliver 211 events/activities, commissioning 32 emerging and established creative practitioners and reaching 4349 audiences/participants, of which 66% were from our audience development target postal sectors and 71% were engaging with us for the first time.

We worked with 3 schools/colleges and 27 partners (including 7 new ones) across Medway and Swale.

“Ideas Test were our first partner where I think what had really been placed in our mind’s eye as what we were going to do, happened exactly as we’d imagined it.” (Partner)

Our projects included:

To discover more about our work and its impact take a look at our 2024/25 Insight Report. https://ideastest.org.uk/wp-content/uploads/2025/09/Ideas-Test-2024-2025-Insight-Report-2.pdf

At Ideas Test, we believe that an asset-based approach makes us stronger and has a direct impact on providing a higher-quality offer. Our Invigorate! programme is based on this strategic approach, with neighbourhood interventions taking place across three communities identified as areas of deprivation in Medway: Luton Road, Brompton and Lordswood. This year we delivered:

Alongside these projects, we’ve also been involved in supporting a range of activities, for example Chatham Carnival, Medway Fun Palace, Intertidal Allotment Seaside Festival, Make Waves participants’ events and The Hidden Nature of Homelessness.

Page 3

Ideas Test CIO

Trustees' report (continued) For the year ended 31 March 2025

Achievements and performance (continued)

As an organisation, Ideas Test saw staff changes during the year. Freelancers Kevin Grist and Jane Pitt produced our Invigorate programme for the first half of the year. As Youth Development Manager Bryony Farrant-Davies and Programme Assistant Harley Russell departed the team, an opportunity to restructure was offered, enabling a return of producing in-house. Senior Producers Amy Scott and Wayne Parsons were appointed. Simone Mardell’s work as a freelance social media content creator proved invaluable, and a recognition of wider communications needs led to her appointment as Marketing Manager.

There were also changes at a governance level, with Ally Sinyard stepping down and Jane Howard resigning from the board as she enters retirement. We thank her for her service. We appointed new trustee Simon Hague to the board, bringing local expertise through his role as Interim Director for MHS Homes.

The nature of Ideas Test’s funding as an Arts Council England Creative People and Places (CPP) organisation requires a consortium of local organisations to be in place to hold a strategic overview of the CPP programme, and reports to the Ideas Test Board.

The Consortium currently includes representation from MidKent College, Kent Fire & Rescue Service, Medway Arts Forum, MHS Homes (Housing Association), Swale CVS, and Raybel Charters.

It has recently been announced that Ideas Test have been successful in their bid to continue as part of Arts Council England's Creative People & Places programme, resulting in an investment of £990,000 over the course of the next three financial years, April 2026-March 2029.

Our gratitude goes to our volunteer Board members and to the many partners and funders who have made the past year a success. Ideas Test continues to consolidate its role as a leader in quality, socially engaged, artistic practice in Swale and Medway.

Financial review

a. Going concern

After making appropriate enquiries, 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. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

b. Reserves policy

As at 31 March 2024, the Charity had £65,000 of designated reserves. The designated reserves are held to cover the running costs of the Charity in the event of a lapse in funding. During the year ended 31 March 2025, the designated reserves fund was maintained at £65,000 and Trustees reviewed the funds required to provide 6 months running costs. A plan put in place to achieve the target of £95,000 by 31 March 2026 is ongoing.

As of 31 March 2025, the Charity had unrestricted general reserves of £206,455. These reserves are committed to ongoing programme delivery.

c. Principal risks and uncertainties

The Charity maintains a risk register. The areas highlighted as being of highest risk are:

  1. Fundraising fails to meet targets.

  2. Expenditure too high 3. Illness/ COVID

  3. Difficulties recruiting staff members

Page 4

Ideas Test CIO

Trustees' report (continued) For the year ended 31 March 2025

Structure, governance and management

a. Constitution

The Charity was registered as a Charitable Incorporated Organisation (CIO) with the Charity Commission with a constitution on 24 June 2020.

b. Methods of appointment or election of Trustees

Trustee positions are advertised and candidates are asked to formally apply. Shortlisted applicants are invited to interview in front of the Board of Trustees. They are then interviewed before the Board of Trustees makes a decision on who to appoint.

c. Organisational structure and decision-making policies

All significant decisions are made by the Trustees. Day to day operations are delegated to the Charity's Director. The Charity's Consortium oversees the delivery of activities associated with the Arts Council funding.

d. Policies adopted for the induction and training of Trustees

Formal training is offered to all new Trustees.

e. Pay policy for key management personnel

The Trustees decide on the appropriate level of remuneration for senior staff.

Statement of Trustees' responsibilities

The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and 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 Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They 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.

Page 5

Ideas Test CIO

Trustees' report (continued) For the year ended 31 March 2025

Approved by order of the members of the board of Trustees and signed on their behalf by:

................................................ ................................................ Rob Pimenta (Nov 12, 2025 16:51:51 GMT) Jatin Patel Robin Pimenta Date: 13/11/2025

Page 6

Ideas Test CIO

Independent examiner's report For the year ended 31 March 2025

Independent examiner's report to the Trustees of Ideas Test CIO ('the Charity')

I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 March 2025.

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 2011 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 the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 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 of Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

Your attention is drawn to the fact that the Charity has prepared the accounts 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) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.

I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

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 2011 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable 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.

This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report.

Signed: S M Rouse

Dated: 13 November 2025

Samantha Rouse FCCA DChA

Kreston Reeves LLP Chartered Accountants Canterbury

Page 7

Ideas Test CIO

Statement of financial activities For the year ended 31 March 2025

Note
Income from:
Donations and legacies
3
Charitable activities
4
Investments
5
Total income
Expenditure on:
Charitable activities
6
Total expenditure
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Restricted
funds
2025
£
185,198
-
-
185,198
229,409
229,409
(44,211)
87,455
(44,211)
43,244		 Unrestricted
funds
2025
£
310,469
9,116
4,420
324,005
280,405
280,405
43,600
230,339
43,600
273,939		 Total
funds
2025
£
495,667
9,116
4,420
509,203
509,814
509,814
(611)
317,794
(611)
317,183		 Total
funds
2024
£
407,964
10,144
3,204
421,312
467,242
467,242
(45,930)
363,724
(45,930)
317,794

The Statement of financial activities includes all gains and losses recognised in the year.

The notes on pages 11 to 20 form part of these financial statements.

Page 8

Ideas Test CIO

Balance sheet As at 31 March 2025

Note
Current assets
Debtors
10
Cash at bank and in hand
Current liabilities
Creditors: amounts falling due within one
year
11
Net current assets
Total net assets
Charity funds
Restricted funds
12
Unrestricted funds
12
Total funds		 14,183
312,751
326,934
(9,751)		 2025
£
317,183
317,183
43,244
273,939
317,183		 92,808
254,187
346,995
(29,201)		 2024
£
317,794
317,794
87,455
230,339
317,794

The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:

Jatin Patel

Robin Pimenta

Rob Pimenta (Nov 12, 2025 16:51:51 GMT)

Date: 13/11/2025

The notes on pages 11 to 20 form part of these financial statements.

Page 9

Ideas Test CIO

Statement of cash flows For the year ended 31 March 2025

Note
Cash flows from operating activities
Net cash used in operating activities
14
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
15
The notes on pages 11 to 20 form part of these financial statements		 2025
£
58,564
58,564
254,187
312,751		 2024
£
(33,848)
(33,848)
288,035
254,187

Page 10

Ideas Test CIO

Notes to the financial statements For the year ended 31 March 2025

1. General information

Ideas Test is a Charitable Incorporated Organisation, registered in England. Its registered office is Room 5, 1st Floor, 5A New Road Avenue, Chatham, Kent ME4 6BB.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - 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) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

Ideas Test 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.

The financial statements are presented in pounds sterling and rounded to the nearest pound.

2.2 Going concern

The Trustees have considered the projected future income and expenditure along with the current level of funds and concluded that the Charity will have sufficient resources to continue to operate for the foreseeable future. Furthermore, it has recently been announced that the Charity has been successful in their bid to continue as part of Arts Council England's Creative People & Places programme, resulting in an investment of £990,000 over the course of the three financial years from April 2026 to March 2029. Therefore the financial statements have been prepared on a going concern basis.

2.3 Income

All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.

Page 11

Ideas Test CIO

Notes to the financial statements For the year ended 31 March 2025

2. Accounting policies (continued)

2.4 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.

All expenditure is inclusive of irrecoverable VAT.

2.5 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

2.6 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

2.7 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

2.8 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.

2.9 Financial instruments

The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

Page 12

Ideas Test CIO

Notes to the financial statements For the year ended 31 March 2025

2. Accounting policies (continued)

2.10 Pensions

The Charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Charity to the fund in respect of the year.

2.11 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Investment income, gains and losses are allocated to the appropriate fund.

3. Income from donations and legacies

Donations
Grants
Total 2024		 Restricted
funds
2025
Unrestricted
funds
2025
£
£
-
43
185,198
310,426
185,198
310,469
118,972
288,992		 Total
funds
2025
£
43
495,624
495,667
407,964		 Total
funds
2024
£
5
407,959
407,964

4. Income from charitable activities

Unrestricted
funds
2025
£
Commissioned work
9,116
Total 2024
10,144		 Total
funds
2025
£
9,116
10,144		 Total
funds
2024
£
10,144

Page 13

Ideas Test CIO

Notes to the financial statements For the year ended 31 March 2025

5. Investment income

Unrestricted
funds
2025
£
Bank interest
4,420
Total 2024
3,204		 Total
funds
2025
£
4,420
3,204		 Total
funds
2024
£
3,204

6. Expenditure on Charitable Activities

Restricted
funds
2025
Unrestricted
funds
2025
£
£
Programme deliveries
229,409
150,981
Core overheads
-
129,424
229,409
280,405
Total 2024
166,770
300,472
7.
Independent examiner's remuneration
Fees payable to the Charity's independent examiner for the independent
examination of the Charity's annual accounts		 Total
funds
2025
£
380,390
129,424
509,814
467,242
2025
£
2,465		 Total
funds
2024
£
343,265
123,977
467,242
2024
£
2,300

8. Staff costs

Wages and salaries
Social security costs
Contribution to defined contribution pension schemes		 2025
£
189,034
17,630
3,880
210,544		 2024
£
200,348
11,724
3,909
215,981

Page 14

Ideas Test CIO

Notes to the financial statements For the year ended 31 March 2025

8. Staff costs (continued)

The average number of persons employed by the Charity during the year was as follows:

2025 2024
No. No.
Employees 6 5

No employee received remuneration amounting to more than £60,000 in either year.

9. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2024 - £NIL).

During the year ended 31 March 2025, no Trustee expenses have been incurred (2024 - £NIL).

10. Debtors

Due within one year
Other debtors
Prepayments and accrued income
Grants receivable		 2025
£
-
3,380
10,803
14,183		 2024
£
726
4,582
87,500
92,808

11. Creditors: Amounts falling due within one year

Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred income		 2025
£
1,625
4,187
1,013
2,926
9,751		 2024
£
20,859
4,818
764
2,760
29,201

Page 15

Ideas Test CIO

Notes to the financial statements For the year ended 31 March 2025

12. Statement of funds

Statement of funds - current year

Unrestricted funds
Designated funds
Reserves Designated Fund
General funds
General Fund
Total Unrestricted funds
Restricted funds
Colyer Fergusson Hardship Fund
Make Waves Project Fund
Medway Change Makers Fund
Medway Arts and Homelessness Forum
Luton Lights
DisQuiet (Medway and Swale)
Total of funds		 Balance at 1
April 2024
£
65,000
165,339
230,339
455
60,798
11,413
5,712
-
9,077
87,455
317,794		 Income
£
-
324,005
324,005
-
-
94,780
7,500
21,718
61,200
185,198
509,203		 Expenditure
£
-
(280,405)
(280,405)
-
(60,798)
(95,004)
(5,352)
(21,718)
(46,537)
(229,409)
(509,814)		 Balance at
31 March
2025
£
65,000
208,939
273,939
455
-
11,189
7,860
-
23,740
43,244
317,183

Page 16

Ideas Test CIO

Notes to the financial statements For the year ended 31 March 2025

12. Statement of funds (continued)

Statement of funds - prior year

Unrestricted funds
Designated funds
Reserves Designated Fund
General funds
General Fund
Total Unrestricted funds
Restricted funds
Colyer Fergusson Hardship
Fund
Make Waves Project Fund
Flux Fund
Medway Change Makers Fund
Write and Record - Medway
and Swale
Medway Arts and
Homelessness Forum
Luton Lights
DisQuiet (Medway and Swale)
Total of funds		 Balance at
1 April 2023
£
40,000
188,471
228,471
455
95,941
2,682
36,175
-
-
-
-
135,253
363,724		 Income
£
-
302,340
302,340
-
20,000
-
43,972
5,000
7,500
10,000
32,500
118,972
421,312		 Expenditure
£
-
(300,472)
(300,472)
-
(55,143)
(2,682)
(68,734)
(5,000)
(1,788)
(10,000)
(23,423)
(166,770)
(467,242)		 Transfers
in/out
£
25,000
(25,000)
-
-
-
-
-
-
-
-
-
-
-		 Balance at
31 March
2024
£
65,000
165,339
230,339
455
60,798
-
11,413
-
5,712
-
9,077
87,455
317,794

Page 17

Ideas Test CIO

Notes to the financial statements For the year ended 31 March 2025

12. Statement of funds (continued)

Purpose of funds

The Reserves Designated Fund is held to cover the running costs of the Charity in the event of a lapse in funding.

The Colyer Fergusson Hardship Fund provides small grants to help young people in need purchase equipment or services. We are currently in discussion for this to be returned to the funder as it was unused.

The Make Waves Project Fund is a programme to support young people to pursue careers in the creative industries. The funders are Creative Estuary/University of Kent, Medway Council, Colyer Fergusson, The Lawson Trust and Garfield Weston Foundation

The Medway Change Makers Fund is a Spirit 2012 Volunteering Cities programme to develop eventsdriven cultural volunteering across Medway.

The Write and Record Fund provides funding for a project working with people who have experience of homelessness to co-create and record a song. The funders are Kent County Council and Kent Community Foundation. This fund was fully spent by the end of the previous year.

The Medway Arts and Homelessness Forum Fund is funded by Medway Council to coordinate the forum which brings together service providers, artists/ art organisations and, most especially, local people with experience of homelessness to share information and ideas for increasing awareness of, involvement in and cocreation of arts activities and projects.

The Luton Lights fund is funded through Medway Council by the UK Shared Prosperity Fund, and aims to bring together and engage families living in the Luton ward of Medway through a magical community light event at the local Invicta Social Club featuring content co-created with the public.

The DisQuiet fund provides funding for a youth music project designed to engage Young People traditionally excluded from creative activities by providing YP with opportunities to enjoy entry-routes & pursue progression-routes into music-making, boosting wellbeing. The funders are Youth Music and Hays Travel.

13. Analysis of net assets between funds

Analysis of net assets between funds - current year

Current assets
Creditors due within one year
Total		 Restricted
funds
2025
Unrestricted
funds
2025
£
£
43,244
283,690
-
(9,751)
43,244
273,939		 Total
funds
2025
£
326,934
(9,751)
317,183

Page 18

Ideas Test CIO

Notes to the financial statements For the year ended 31 March 2025

13. Analysis of net assets between funds (continued)

Analysis of net assets between funds - prior year

Current assets
Creditors due within one year
Total		 Restricted
funds
2024
£
87,455
-
87,455		 Unrestricted
funds
2024
£
259,540
(29,201)
230,339		 Total
funds
2024
£
346,995
(29,201)
317,794
14.
Reconciliation of net movement in funds to net cash flow from operating activities
2025
£
Net expenditure for the year (as per Statement of Financial Activities)
(611)
Adjustments for:
Decrease in debtors
78,625
Decrease in creditors
(19,450)
Net cash provided by/(used in) operating activities
58,564
15.
Analysis of cash and cash equivalents
2025
£
Cash in hand
312,751
Total cash and cash equivalents
312,751
16.
Analysis of changes in net debt
At 1 April
2024
Cash flows
£
£
Cash at bank and in hand
254,187
58,564
254,187
58,564		 2024
£
(45,930)
14,589
(2,507)
(33,848)
2024
£
254,187
254,187
At 31 March
2025
£
312,751
312,751

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Ideas Test CIO

Notes to the financial statements For the year ended 31 March 2025

17. Pension commitments

The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund. The pension cost charge represents contributions payable by the charity to the fund and amounted to £3,880 (2024 - £3,909).

18. Related party transactions

During the year, a Trustee, Jatin Patel's fashion atelier, Kailkas Armour, was paid £800 (2024 - £NIL) towards the expenses of hosting a Make Waves participant on a 20-day placement, as were all host companies.

During the year, a Trustee, Virginie Giles was paid £2,225 (2024 - £NIL) for a communication consultancy and wider volunteer event management for the Spirit of 2012-funded Medway Change Makers partnership project, led by Ideas Test, as she had the most relevant local and business knowledge to provide this service.

There were no other related party transactions during the current or prior year.

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