INTER MISSION YOUTH (A Regislered Charity and Company Limited by Guarantee) REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Company Registration Number: 12359502 Registered Charity Number. 1190391
IrirERM15SION YOUtH CONTEpirs Page Referen & Administrative Detsils Report of the Chair Truslees. Annual Report Independent Examinerfs Report 13 statement ol Financial A¢thities 14 Balance Sheet 15 Notes to the Financial Statements 16
INTERMISSION YOUTH REFERENCE & ADMINISTRATIVE DEfAILS Trustees & Directors Alexander Simon Hoare (Chair) Sir Mark Rylance Waters Esther Odejimi Amanda ArmstronglParker Dr Cynthia Pinto Diana Whitehead Narinder Singh Sagoo MBE Neil Steven Worrall (appointed 1 November 2024) Danny Sapani (resigned April 2024 } Chinelo Enemuo (resigned May 2024) Registered office 71- 75 Shelton Slreet, London, United Kingdom, England, WC2H 9JQ Address of principal offi¢e Arcola Theatre 24 Ashwin Street London E8 3DL Company Registration Number 12359502 (England and Wales) Charity Registration Number. 119)391 Company Secretary Morenike Onaiobi Bankers Unity Trust Bank Four Brindley Place Bim]ingham 812JB Independenl Examiner Dunkley's Chartered Accountsnts wdIand5 Grange Woodlands Lane Bradley Stoke Bristol BS32 4JY
I[ERMIssION YOUTH REPORT OF CHAIR l am delighted to present the annual reEK)rt and the financial statements for Intemiission Youth for the year ended 31 December 2024. Intsmiission Youth have been based at the Arcola Theatre in Dalston since January 2023 from which they run their Youth Theatre, Youngers. Writers and Graduate Programmes offering over 16 years of support to young people. Intemission Youth Theatre continued their weekly theatre training and mentoring. the Grajuate Programme continued to SUPFK)rt emerging talent, and our Community Engagement work developed wilh the help of Intemiission Youth Graduates, all ofwhich have helped young people to make positive choices, increase their lrfe skills. discover new talents, improve self-confiden, aspiralions and take advantage of opportunities in safe environments. The 16 years of hard work the Intemiission Youth team have put in to deliver these projrammes and the impact they have had signals to us all that investment in todals youth is paramount and should be at the forefront of our minds to ensure they hav8 hope for the futur6 in these nrtain times. l am gratefijl to the extraordinary work of the InteTmission Youth team and volunteers who look after the day to day operatK)ns arKI organisats'on of our work. Felk)w trustees have provided professional expertise. vision, practical support and time to our programmss arKI beneficiaries. We rematn grateful to Intemiission Youth's CO- founder and Patron, the Rt Rev'd Rob Gillion. Naomie Harris (Patron) and Danny Sapani {Ambassador) for their continued support and faith in our WOTk. We are also grateful to our axisting fijnders, donors and partners who enable this vital work to continue as we endeavour to find more supporters who can help us create a sustsinable future. Vllhile wè remain a conslant for our young people. they are also there for each other and for the IntermiSon Youth team. Their energy and optimism continue to enrtch and entertain us- they are the reason we do what we do and are passionate aboLrt our work. At end of one of last yearfs Perfornan. one Youth Theatre cohort member said :. L9C+£ "Intemiission saved my life. Alexander Simon Hoare Chair
INTERMISSION yOH TRUSTEE'S ANNUAL REPORT The trustees. who are also diredors for the purpose of company law. presenl their annual report aT)d the financial statements of the charitsble company for the financial year ended 31 December 2024. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) -Accounting and Reporting by Charities" (FRS 102) in preparing the annual report and financial slatements of the chartty. The financial statements have been prepared in aCrdance wilh accounting policies set out in notes to the accounts and comply with the Chariws goveming document, the Companies Act 2006. the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance the Financkal Reporbng Slandard applicable in the UK and Republic of Ireland published on 16 Juty 2014. PUBLIC BENEFIT STATEMENT The trustees have paid due regard to the Charity Commission guidance on public benefit when reviewing the Chartvs objectives and activities. OBJECTIVES AND ACTNMES FOR THE PUBLIC BENEFrr The objectives of the Charity are lo advance in lrfe and help young people from socially and economically disadvantaged communities and patti¢ularty. bLrt not limited to, young people from such (x)mmuniti6s in Greater London and other such communiti&s in the United Kingdom of Great Britain and Northom Ireland. as a means ot. 1. Developing the S11$, c2pacities and pabile$ of young people to enable them to parlicipate in socioty as independ8nt, matur8 and responsible individuals- 2. Advancing education: 3. Relieving unemploymentr. and 4. Providing r8cr8ational and leisure time actiwty in the interesls of social welfare for young people who have need by reason of their social and economic circumstances wth a view to improving their conditions of lÉfe- and in particular. but without prejudice to the generality of the foregoing, through the perfom)ing arts including but nol limtt8d to the field of drama In the fom) of theatre, film and television by the promsion, or assisting in the provislon, of productions, w0$hops. summer schools. training. outreach programmes and mentoring and pastoral supporL
INTERMISSION YOLTfH ACHIEVEMENTS AND PERFORMANCE FOR THE PUBLIC BENEFrr We t))ntinue to transfomi the lives of young people aged 125* who are lacking in opportunty, surrounded by thalleroing enVIrments and are predominantly Ibul not exclusivety) from diverse ethnic communities in Greater London. The cornerstone of our work is our Youth Theatre (1thonth) Programme, using theatre, and specifically the works of Shakespeare. lo devek)p creativtty, buikl confidence, increase Srfe skills and encourage self-expression in a safe environment. Through mentoring and wellbeing suppor( we help the young people make positive choices. encourage them into further edtion, prowde rrteS into employment and increase their life chances. We have seen the need to engage young people earlier in their joumey and in 2024 launched our Youngers Programme which intrcMJuced 8 13 week theatre programme to those between the ages of 11 and 15. We continue to prowde professional development, ongoing life-skllls and mentorirrfJ support to our graduates. many of whom are navigating their way through systemic barriers in the film, TV and theatre irKlustries. Through our Community Empowerment Programme. we have supwrted excluded pupils and young pec¥)le in local mMunitieS and pupil referral units. 2024 Another suc(%ssful year for the 104nonth Youth Theatre Programme. 40 young people were selecled from over 150 applicants to join the Youth Theatre. 33 made tt through to the final production. with 7 dropping out for various r6asons. We remain8d in touch with those who did not complete the programme and offer6d our support in different ways. The workshops were led exceptionally well by Nana Anl-NYanlll (Youth Programme Manager} and graduate facilitators. For 3 of the facilitators, it was their first year facililating on Ihe Youth Theatre Programme and they took to it like ducks to water. It is very speaal for us lo have young people who have been through the programme themselves coming back and leading their peers and the younger generation through the course. As always, summer school was great fun and the group enjoyed the intense schedule of Monday to Saturday workshops, giving them the opportunity to wotl( with extemal practitioners and test Iheir durability and resilience with early starts and late finishes - a great rehearsal for lrfe! The production was a triumph - Much Ado Aty)ut Nothing Remixedl! The 2 casts brought an array of I2nt to the stage and their training over the 10 months was well ewdenced through their impec(%ble stage craft, professionalism and creativity. Audiences and reviewers were wowed. and the sW deservedly reiVed some amazing press and reviews.
INTERMISSION YOUTH Six of the cast secured intervtews with repulable agents. wth the consideration of professional representation. The biggest win of the year, however, has to be the personal growth of each young person on the programme. Expressed during the post-show talk and evidenced throLEgh our end of year debrief. where each of them passionately expressed that being a part of the Youth Theatre Programme has been a transformative experience. Lives have been changed and saved: and I have little doubt that a major contributing factor lo this is the amang work of the thaftiy. 2024 Highlights- Key Impact Areas Confidence and Social Skills Confidence in starts'ng conversations Increased from 41% to 71 DA The abilty to make new friends rose to 1000A agreement Participants consistently reported stronger C¥m)Muni110n and inierpersonal confidence Resilience and Emotional Growth Ability to manage dtrricuti situations independenty increased from 21% to 82° Self-discipline and focus improved by 38V. Participants reported feeling better equipped to manage challeng8s Self-Esleém and Identity Self-satisfaction increased fr¢Jn 29% to 80° Posttive salf-worth and Itf8 ouuook reached 77-80°h agreement Academic Engagement Improved confidenc8 in academic abilty and motivation to achieve good grades Greater sense of sch1 belonging and stronger relationships th teachers Creative and Drama Skills Understanding of Shakespeare improved by 32% Confidence in acting skills rose by 21 % Perfom)ance confidence increased by 110
INTERMISSION Yotmi Case Study.. G8nevieve- From Participant to Junior Fundraiser Growing up in East London, Genevieve had a passion for storytelling but limited access lo the arts. With no dear pathway into the industy. they felt excluded from spaces that nurtured creativtty. That changed with Interniission Youth Theatre. The programme offered more than training - it was a space of aMing. self-discovery, and transfomiation. Through iyr, Genevieve developed both personally and professtonally, growing in nfiden and finding their Vol as an actor end changemaker. Inspired by their journey, Genevieve applied for the role of Junior Fundraiser at Intemiission Youth. Today. they help secure fijnding so that others Gan benefit from the same lrfe<hanging opportunity. Worknng at Intemiission Youth has given me puSe. I'm using my sknlls to gwe back to the programme that helped me beli8ve in myself, notjust as 8n aSt. bul as a person.. Genevieve continues to pursue their creative goals while helping to shape a more inclusive future for the next generation of artists. Back Sta The Backstage Programme is now a peTmanent fixtu in our programming. There is a real gap in diversity when it comes to representatTron from the global majorty in technical production and our backslage programme ts a fantastTrc way for us to do our part in addressing this imbalance. Of the S young people we took on this year. 4 of them are actNely seelang a career in back-stage production. with one of them, receing a scholarship for the technical production BA course at IAMDA. This is a truly amazing retum and something we are extremely proud of. Youn rs Pro ramme "Engaging them at 16 can often be late. we need to intemne oarfier to pvent ouryoung people from self4lestructsng- Darren Raymond It was for this very reason that we piloted our Youngers Programme in 2024. and we are extremely glad we did. It was clear from working with the 10 young people over a 13-week period. that the engagement was not onty important bul necessary. Creating a safe space, buikling positive comrnuntties and offering young people the tools to navigate themselves positivety through life is so important. Our Youngers Programme is testament to what young people CAn achieve given the right support. The programme instils management skills be(xuse that ks what lrfe is mosily about. being able to manage the different situations we face. be it
IERMIsSION YOUTH relationships, school, money. You will not be able to manage any of this rfyou first cannot manage yourself. Through drama, conversalions, and ¢re81K81 athities. we built a communty in which our young people were able to ask big questK)ns about life, to help them better understsnd themselve5 and the world in lch they exisL The feedback from the young people. parents and (xrers was amazing, they saw notable positive changes in their chihjren from day 1 to programme completion. The Youngers Programme 11 now be a pemanent part of Intermiss Youth's offering. Pilot Outcomes Participants reported measurable increases across all indicators: Confidence.. +330 Social Skills: +10% Mentsl Health and Wellbeing: +100/0 Drama Ski115'. 100% increase "I have achieved lots of things in Youlh Intennission. One thing is my Social skllls - getting to know newpeople from different backgrounds- and another thing is confidence, adually being able to express myself and say what Im thinking." - Youngers ParUcipant Future Growth Following the success of the pilot, plan to scale Ihe YoUngS Prts3ramme by.. 100°A in 2025 30% by 2026 This strategic expansion will ensu Ihat MO young peopl8 access the creative, confidence-building support they need early. consistently, and with care. Cornmuni En ement Tunmarsh Pupil Referral Unlt Our relationship with Tunmarsh u)nlinu8d in 2024, with two Youth Theatre Graduates delivering drama workshops 5 days per week to students. his year in particular we have witnessed increased engagement and attendance and academic aGhi8vement& all ofour studenls regularfy attend their drama sessions and see these sessions as valuable and important lo Iheirschooling. We
INTERMISSION YOUTH have th8 first set of Y11s to have achieved qualifications in Drama this year with 100% pass rdte.. Hayley Reinprecht- Tunmarsh Pupil Referral Unit Graduate Pro ramme We have continued to provide ongoing MentIng, personal and professional develment support to our IYT graduales. The Graduate Steering Committee was reJnited at the end of 2024 wilh the Committee working closety with the senior leadership team and the Board of Trustees lo have a clear understanding of how the Charity operates and be able to feed infornation back to the graduates where appropriate. The Committee also communicates artistic ideas on behalf of the graduates for programming considerations. Partnershl Intermission Youth continue to llatrx?rate wilh LAMDA in relation to our back stage1produc1i( Iraining along with seSSiS on acting tethniques during our summer school. We also worked with the Royal Shakespeare Company on Next Gen. a wogramme which takes place in Stratford-upon-Avon. The programme focuses on the conlinual development of young people as young directors, as well as wod(ing alongside actors and pairing them with longer term mentors lo support them outside their work at the RSC residentials. In 2024, five of our young people Ik part in Iha programme. The Royal Court partner with us to enable new pieces of wrtting Ihat came fmm our Wiiters PrcKJramtne to be shoW8ed at th8 theatre in DecEmber. Thank you tr) the Playground Theatre for their continued support involving us in mmunity readings and providing employment oppc*tunibes for our graduates. SPACE Intemission Youth continue to resid8 at the Arcola Theatre in Hackney and are grateful for the support. W8'd also like to thank Collective Acling Studl) vthere we rehearsed for and Perfomied our end of year show. Our need for a new home led us to connect Brookfield Properlie5 who have been working with us to ffind a peTTnanent new horne. With the support of Sherry io
IpirERMISSION YOUTH Dobbin (Cultural Advisor) and the GLA vle have been boking at knng-ten options and are pleased to report we have the opportunty to be the cultural anchor and operator of a new development in Bishopsgate in the City of London due for cornpletion in 2031. In the meantime we continue to seek a meanwhile space and liaise with other likeminded organisations to fulfil this need. FINANCIAL REVIEW Our work would not be possible vthoUt Ihe generous donations of many people. Thank You. This year in we received large financial donations and received donated services from many individuals and organisations which have been included in the accounts (See 2.1 and 3 in Notes to the Financaal Statements). The year in remew has seen a reduction in the dationS and legacies received. however the drffialions received in Ihe prtor year gave the tharity the resee$ required to expar)d its services and use some of Ihose reserves io fund this expansion. As can be seen in the notes below we have dBsvJnated more of these reserves this year lo enable us to continue these services over the coming year and will be endeavouring to secure Ineased funding in FY26 as well as generating other income streams to be sustainable long tem. In 2024 we delivered a busy Youth Theatre Programme, including our pilot Youngers Programme for 11 to 15 year olds, and an expanded Backstage Programme increasing from 3 to 5 backstage trainees who ran both our Youngers pr(Kluction in June 2024 and Y¢)ulh Theatre Production at the end of the year. Our Communty Engagement Programme has continugd at the same pa. We are grateful to the following tTUSts and fI)UndatnS for helping fvnd our work in 2024: The Golden Botue Trust. The Jack Petchey Foundation, The Backstage Trust. The Gosling Foundation, Arts Council England, Nelwork for Social Change, Garfield Weston and many more. Our trustees also continue to suppM)rt us financially. whlch we greatly appreciate. The trustegs are aware of th8 need lo incr&as8 major donor and corporatg support going forward to give the charity a Sustainab future, as well as continuing with its trusts and grants applications and eamed income opportunities. Reserv&s Policy Th8 Irustéés approved an update to the reserves policy to target 3 to 6 months of operating expenditure. The trustees will review the reserves policy going foard, Ixjt the level of free reserves provides aSsUrare that the charity can continue operaling as a going GOnr. li
INTERMISSION YOUTH Totalfund of the charity Léss.- Restrieiedfunds TalbieXed assets Free reseNès 370,913 47L094 10.501 4.814 6.395 Golng Concern The financial statements have been prepared on a going concem basis as the trustees believe that no material unrtaIntieS exist. The trustees have considered the level of lunds held arKI the exwted level of income and expenditure for 12 months from authorising the58 ffinanual statements. The budgeted income and 8xpenditure is sufficient with the level of resources for the charity to be able to continue as a going COnM. STRUCTURE, GOVERNANCE AND MANAGEMENT The charity is constituted as a (x)mpany, is limited by guarantee ar)d was Incoorated on 11 December 2019 {number 12359502). The company was eslablished under a Memorandum of ASSoction and is govemed under ils Articles of Ass(lation. The company was registered as a charitable company limited by guarantee on 13 July 2020 with the registered charity number 119)391. The directors of Ihe company are also charity tfUSte8s for the pUoseS of charty law. The directors and Imstees who served during the financial per1 are listed on page 2. Organlsatlonal stru¢ture and appointment of trustees The business of the charity 15 managed by the Truslees who may exercise all the powers of the charity. New trustees are nominated by indNidual trustees and are approved and elected by the tnjstees at their regular meetings. New trustees are briefed on their legal obligations under charity and company law, the content of the Memorandum and Articles of Association. The sleeS gNe their time voluntarily and without remuneration. The trustees are responsible for the overall management of the charitable company, its strategic direclion and policy mang. In the financial year under review, the tnjstees met on six occasions, mosl of which were online. The day-t(*day operations are managed by the General Manager and the Artistic Director. 12
I1rERmISSION YOUTH Management and Staff Darren Raymond ntInued as Artistic Director. Sue Morrison continued as General Manager Nana Anlwin-Nyanin was promoted to Youth Programme Manager in July 2024 Vera Filippova joined as Executive Assistsnt to the Arlistic Director in February 2024 and left InteTmission Youth in December 2024. CASEwork Services CIC Ltd continue to Iwk after the finanal aspects of the charity. Throughout the year we were supported by a part time freelance Administrator, Naina Clayton. AJi¢e Stoker our Payroll Administrator. Morenike Onajobi our HR consultant and Jane Elfer & Phillip McGill. child and adolescent psychotherapists who provide voluntary one-t(wne counselling to the young people. Our freelan social media exetiVe. Destiny Onisile. an Intemiission Youth graduate, lem)inated her serwces in November 2024. Key Risks and Uncertainlies The trustees have r8Vi8W8d the risks to whid) the ¢*8ritabte wmpany is exposed. in particular, thos8 ralated to its op8rations and ffinan and are satisfied that appropriate systems and controls are in Pla to mitTrgate exposure to the malor risks. One area that is considered to be the most signifunt risk to us is fundraising income. A high proportion of th8 charivs InMe is from fundraising. The trustees monitor the progress through the year and ensure targets are challenging but athievable. There are no outstanding loans, liabiltbes or commitmenls b8ing carried by the charity. Internal control risks are minimised by the implementalion of procedures for authorisation of all transactions and projects. Policies and pr(dureS are in place to ensure compliance with: safeguarding of beneficiaries. staff and volunteers" health and safety.. risk assessments for actsvtty & projeds; data protection & privacy; equalty. diversity & inclusion- flnancial & expenses transactions: confiicts of interest" complaints. 13
INTERMISSION YOUtH Reporting Responsibilities Company law requires the trustees. who are also directors for the purpose of company law, to prepare financial statements for each financial year. Under that law the trust88s must not approve the financial ststements unless they a satisfied that they give a true and fair view of the stste of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure. of the charitable company for that period. In preparing these financial slatements, the trustees are required to: select the most suitable accoullting policies and then apply them consistently: observe the methods and prinapl8s in the Charities SORP" make judgements and accounting estimatss thal are reasonable and prudent. prepare the finanaal statements on the going cor1 basis unless it is inappropriate to assume that the tharitsble company will continue in operation. The Trustees are responsible for keeping adequate accounts'ng records that are sufficient to show and explain the charitable company's transactions, disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial stalements mplY wtth the Companies Act 2006 and Ihe provision of the charity's constitution. They are also responsible for safeguarding the assets of the charity and hence for taklng reasonable steps for th8 prevention and detection of fraud and other iTregulaTities. In preparing this port, the trustees have taken advantage of the small companies, exemptions pro)rided by Section 415A of the Companies Aci 2006. Approved by the Board of Trustees on 5 September 2025 and signed on its behalf by Alexander Simon Hoare Chair 14
INTERMISSION YOUTH INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF INTERMISSION YOUTH FOR THE YEAR ENDED 31 DECEMBER 2024 Independent examlnefs report to the trustees of Intsrmission Youth I report to the charity trustees on my examination of the accounts of Intemiission Youth (the Trusl) forthe year ended 31 Dmber 2024. Responsibilities and basis of report As the charity tnjstees of the Trust you are responsible for the preparation of the accounts in accordan(E with the requirernents of the Charilies Act 2011 ('the ACVI. I report in respect of my examination of the Trusfs aCC(nts rried out under Section 145 of the Act and wi carrying out my examination I have followed all applicable Directions given by the Chartty Commission under Section 14515)(b) of the Act. Independent examinoffs statement I have completed my examination. l o)nfim) that no material matters have come lo my attention in connection with the examination giving me cause to believe that in any material respe¢l'. accounting records were not kept in rest of the Trust as required by Section 130 ofthe Ac(. or 2. the accounts do not a1rd those records: or 3. the accounts do not comply with the applicable requirements conceming the fomi and content of accounls set out in the Charities {Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true armj fair view which is not a matter considered as part of an ind8pendent examination. I have no concems and have come across no other matters in connection with the examination to which attention shoukl be drawn in this report in order to enable a proper understanding of the accounts to be r8ached. Matthew Dobbins FCA Dunkley's Woodlands Grange Woodlands Lane Bradley Stoke Bristol United Kingdom BS32 4JY Dale: ... .../o4./ZO25 15
INTER MISSION YOUTH 44513 4gJ7 J17]6 IQA4S 792 Stra170 ¥i 124U I•. 795 .iJs The results of the year as set out atM)ve have been derived entirely from (x)ntinuing operations. The notes on pages 16 to 22 fomi part of these ffinancial statements. fvnd5 nds FtsedAssets Tanglbleassets 4834 4.814 6.395 ¢urrentAssets DEbtors Cashai bankaknha 33,£61 144ts1 .882 349 44 3Q.178 .W14 Credltiv&amountsfatildtthknI I718 NtevrrtntaSsetsi{LlabH TotaQassetsi4sscwrnntl¥b In(¥32 379,913 Tot8lneiasstytsirlr6bHthS 370.9 The noles on pages 16 to 22 fomi part of these financial statements. 16
INTER MISSION YQVTH The charitable company is entiUed to exemption fr(Th audit under Section 471 of the Companies Act 2006 for the year ended 31 DECEMBER 2024. The members have not required Ihe company to obtsin an audit of its financial statements for the year ended 31 December 2024 in accordance with Seclion 476 ofthe Companies Act 2006. The trustees acknowEedge their responsibilitie8 for al ensuring that the charilable company keeps accounting records Ihal comply with Sections 386 and 387 of Ihe Companies Act 2006, and b} preparing financial stslements which give a true and fair view of the state of affairs of the charitable company as at ihe end of each financial year and of ils sluS or deficit for each finanaal year in accordance with the requirements of Sections 394 and 395 and which otherwse c£smpty the requirements ofthe Companies Act 2006 relating to financial statements, so far as applicable to the iaritable company. These financial statements have been prepared in ac¢ordan(% wtlh the provisions applicable to charitable companies subj.ect to the small wmpanies, regime. The financial statements were approved by the Board of Trustees on 8 September 20 5 and were signed on ts behalf by: (96£ Alexander Simon Hoare Chair 17
INTER MISSION YOUTH NOTES TO ThE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 1. Basis of preparation 1.1. Basis of accounti The financial stalements of the charitable company. which is a public benefit entity under FRS 102. have been prepared in accordance with the Charities SORP {FRS 102) Accounting and Reporting by Charitses: Statement of Recommended Practice applicable tr) charities preparing their aCCnts in aCrdance with the FinancÉal Reporting Standard applicable in the UK and Republic of Ireland {FRS 102} (effective 1 January 2019).. Financial ReportiThJ Standard 102 The Financial Reporfing Stsndard applicable in the UK and Republic of Ireland. and the Companies Act 2006. The financial ststements have been prepared under the historical cost ¢onvention. The ffinanal statements are presented in sterling and are rounded to the nearest pourld. 1.2. Goin concem The trustees have assessed whelher the use of the going contsm assumption is appropriate in preparing these financial ststements. The trustees have made this assessment in respect to a period of one year from the dats of approval of these financial statemerts. The trustses of the charity have conduded thal there are no malerial uncertainties T8lat8d to 8V8nts or conditions that may Ix5t signifi(xnl doubt on the ability of the charity to continue as a going concem. The trustees ar8 of th8 opinion that the charity will have sufficient resources to meet its liabilities as they fall due. 1.3. Chan e of acCntin The accounts present a true and fair vtew and no changes have been made to the accounting policies adopted. 1.4. Chan es to accountin estimates No changes to accounting estimates have occurred in the reporting perlod. 1.5. Material rior ear eOr5 No material prior year error has been identtfied in the reporting period. 18
INTER MISSION YOUTH 2. Accounting policles Income Income is included in the Ststement of Financial Activiti8s when: the charity becomes enti1Jed to the resources; il is more likely than not t the trustees will receive Ihe resources; the monetary value can be moasured with sufficient reliability. There has been no offsetting of assets and liabilities, or income and expenses, unless required or pemitte(I by the FRS 102 SORP or FRS 102. Grants and donations are only induded in the SOFA when the general income recognition teria are fftet (5.10 to 5.12 FRS102 SORPI. In Ihe case of perfomiance related grants. incx)me was only recognised lo the extent that the charity has provided the spectfi8d goLKls orSeNi$ as entitlement to the grant only ocurs when the perf0mlan related conditions are met {5.16 FRS 102 SORP). The charity has not r1Ved govemm8nt grants in the reporbng perh)d. Gift Aid receivable is included in income when there is a Trralid d8claration from th donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless Ihe donor or the lerffls of the appeal have specifTred otheTW*. Contractual income and perfornian related grants are only inthded in the SOFA once the charity has prowded the related goods or seNtxs or met the perfomian related condilions. Goods donated for on-going use by the charÈty are rerAn1Sed as tangible fixed assets and included In the SOFA as incoming res<)urces when r1vable. Donated services and facilities that are consumed immediatety are recognised as income with an equivalent amount rec(¥Jnised as an expense under the appropriate heading in the SOFA. The value of any voluntary help r1ved is not included in the accounts but is described in the trustees, annual report. 2.2. Re nition of e endilure and liabilities Liabilities are recognised where tt is more likely than not that there is a Iggal or constructive obligation commitliro the charity to pay out resouroes and the amount of the obligation can be measured wth reasonable certainty. 19
INTER MISSION YOUTH Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good pract. No material item of deferred income has been included in the accounts. Th8 charity has creditors whith are measured at settlement amounts185s any trade discounts. A liability is measured on recogni1n at its historical cost and then subsequenlly measured at the best estimate of Ihe amount required to setue the obligation at Ihe reporting date. 2.3. Assets Tanglble ffixed assets for use by charity are capitalised rf they can be used for more than one year and are valued at cosL The depreciation rales and methods used are disclosed in note 7. Debtors (induding trade debtors) are measured on intbal reCnitiOn at setuemenl amount after any trad8 discounts or amount advanced by the charity. Subsequentty, they ar8 measured at the cash or other nSeratiOn expected to be received. 3. Income fuNd fuRd 475 ¥JJ3
47J• 5.000 25ir*• ILX6 JC574 20
INTER MISSION YOUTH 4. Expenditurè 4571 41010 5mlMse 5. Pald employees Paldemployees &larles and wages Socialsecurity costs Penslon costs- defined comributknn Other rotalstaff Costs 175.081 14,245 4,005 2.541 195.872 135,842 ID.117 3,143 149,102 Only one employee received employee benefits {excluding employer pension costs) for the reporting period of MO than £60.000. This is becaus8 the Artistic Director works a 6 day week. The charity had an average head count of 4 this year (2023: 3}. There were no ex-gratia payments to employees and others (excluding Ist89s). and no redundancy or tennination payTr8nt was made in the period nor in the previous period. 21
INTER MISSION YOUTH None of the trustees has been paid any remunerdtion or reNed any other benefits from an employment with their charity or a rekted entity in the reporting pericwj nor in the previous period. No trustees, expenses have been incurred in the re[Ing period or the previous period. 6. Defined Gontribution ponsion The charity assesses each empk)yee for eligibility as a jobholder under Ihe auto- enrolment system. Any eligible jobholders are autonrolled to a group money purchase defined coniribution pension scheme. The assets of the scheme are held separatety from those of the charty in an independently administered fund. The pension cost represents the contributions payable under the sch8me by the charity and Ihe chaTity has no further liability other than the payment of those contributions and the jobholder is responsible for their own pension fund the pension administrators. 7. Tangible Fixed Assets Fithres. fwilings& equlpment Total Cost BalanGe broughtforvard Additions Disposals CarFiedlorbdrd Depreclatjon Balance btoughltDNArd Charge foryear Disposals Carried fvward 11.133 11.133 ii. li.3 4.738 1.581 1,581 6.319 6.319 Net Bookvalue Broughl loard Carriedforw3rd 4.814 4.814 Furniture & frttings over £400 are capitalised at histoiic ¢osl and depreciated on straight-line basis over 7 years. Equipment be]ow £4 is written off when acquired, othenNise is capitslised in fixed assets and depre(aated on a strdight-line basis at 200/ per annum. An exception to these rates applied to fittings and equipment received in kind when the charity was formed, as the useful life of those items was lower Ihan stipulated al)ove. Those donations recerved were depretiated belween l and 3 years in accordance with their useful life and on a straight4ine. 22
INTER MISSION YOUTH 8. Debtor$ & Prepayments Debtors &Prepayments Trade debtors Prepayments Otherdebtor5 rotal 3.972 I,(1 31.407 36.441 60.027 60,974 9. Credltors & Accruals Credltors &Accruals Tradecreditors Payments received on account Atcruais Tax& socialsecurity Other creditors Total 6,311 5.810 5.745 14.621 4.795 17.518 25,728 10. Charltyfunds Fund cmie Empth)dre Tr•n5fer balanoe Fund lancebll Unrestried- Generalfvnd5 DesIgated RestrittÈd-fft Restricted-TamlngWho RestrictÈd-Comn¥JTrftyEwgement ResirfCted-ProamMelncOD RestthCted-GreaterLcffidMAuthrty Restrictsd-RSC REStriCted-PetryBion RestrlLtÈd- IAm&tncy ReStCted-BackSts8e Reslricled-GLA Restricied-Turnmar5h Restricted-Sun¥ér Re5tricted-Siie Restricted-jack PetcFyF0daton..knrdS RÈstficted-Ilckeiiorayowgperson Restrieted-olher Res1rKtel-Yourh 373.075 328.297 . 428A71 . 100.W2 172,033 87.518 111,363 198,881 2B2&3 8,857 5LN) 427Q 4.270 - 15,(XK> 15.oc 10.0 177 10,0 167 4n,09¢ 389.105 . 167 370,9 23
INTER MISSION YOUTH 11.Transactions wilh related parties Alexander Hoar6. a TrusteelDirector of Intemiission Youth is a Director of Messrs Hoare Trustees which involves hundreds of trusts. including the Golden Bottle Trust. The Golden Bothe Trust donated £100,000 to support the work of Intemiission Youth in the 2024 financial year C. Hoare & Co also paid Intemiission Youth £2000 for a performance. Dr Cynthia Pinto is a Trustee and HR Consultant for Intermission Youth and donated £65 in 2024. Neil Worrall is a Trustee for Intemiission Youth and donated £660 in 2024. Morenike Onajobi, is Company Secretsry and HR Consultsnt for Intemiission YoLrth and was paid £16,487.41 in 2024. 12. Events after the end of the reportlng perlod None to note. 24