COMPANY REGISTRATION NUMBER 01227130 INTER-AlON (MILTON KEYNES) LIMITED COMPANY LIMITED BY GUARANTEE UNAUDITED FINANCIAL sfATE.MENTS 31 MARCH 2026 Ch*rity Number 270458
INTER-ACTION (MILTON KEYNES) LIMITED COMPANY LIMITED BY GUARANTEE FINANCIAL STATEMENTS YEAR ENDED31 MARCH 2026 CONTENTS PAGE Trustees. Annu Repon Independent examinerfs report to the members Statement of ftnancial activities (Incorporating the income and expenditure account) io Bance sheet Notes to the financial statements 12
INTER-ACTION (MILTON KEYNES) LIMITED COMPANY LIMITED BY GUARAI*TEE TRUSTEES. ANNUAL REPORT YEAR ENDED 31 MARCH 2026 About Inter-ActioD MK Inler-Action MK (www.interactionmk.org.uk) is a community arts charity making the arts accessible lo all. For 50 years. we've championcd ¢reatii'ity in Milion Keynes to foster in¢lusion. communit}, cohcsion and wellbeing. We specialise in work with children and young people. leaming disabled peopl¢, those undeepresentCd in the cultural mainststam, or facing social or economic challenges. Our mission is lo transfom] lives ihrough meaningful participalion in high-quality, ¢realive programm¢s. Our prOgrn]neS reduce isolation, improve menlal health, and empower individuals b>. building confidence, skills, and a sense of belonging. Rooted in long-tern) impact. we nurture participants bevond one-off projects and develop innovativ¢ programm¢s co-creai¢d with partners and participants. We have a bank of dedicated and ¢Ap¢rienc¢d voluntccts, work w'ith irusted panners and ha%'e the support of our scctor. Our focus through 202512026 has involved: Setting up medium ierm projects Welcoming a new Co Director through our succession plannin Concentrating on children. yOUDg people, families and adults with additional needs Diversifying our funding Strengthening partnerships (MKC. Cornmunity Action. Children's centres)
INTER-ACTION (MILTON KEYNES) LIMITED COMPANY LIMITED BY GUARANTEE TRUSTEES. ANNUAL REPORT (cortinmed) YEAR ENDEDJI MARCH 2026 The trustees. who are also directors for the purposes of company law. present their report ld the financial statements of the company for the year ended J l March 2026. REFEREiYCE AND ADMINISTRATIVE DETAILS Registered eharity narne Inter-Aclion (Milion Keynes) Limited Charity regislration number 270458 Company regislraiion number 01227130 PTineipal office Milion Keynes Discovery Centre Bradwell Abbey Alston Drive Milton Keynes MK l i 9AP Co-Dir¢ttors Diana Hation Kale Saunders The trus¢ee$ The rrustees who s¢rved the company during the period were as follows.. S Howard (Charman) M J Bary (Treasurer) Debola Duze (Secreiary) Thomas Gray Tariq Raja Independent Examiner Harris & Co 2 Pavilion Court 600 Pavilion Drive Northampton NN4 7SL B4nker5 CAF Bank. Keni
INTER-AcfioN (MILTON KEYNESI LIMITED COMPANY LIMITED BY GUARANTEE TRUSTEES, ANNUAL REPORT (cpiifrii YEAR ENDED 31 MARCH 2026 STRUCTiiRE. GOVERNANCE AND MANAGEMENT The irusiees who are also dircctors of the charity for the purpos¢s of the Companies Act 2006 present their report together with the financial staiements for the year ended 3 1 si March 2026. The tru5tee5 have adopted the provisions of the Charities Statement of Recommended Practice (SORP) -FRS 102, issued in 2014. Governing document Inter-Action (Milton Keynes) Lirnited is a company limited by guarantee. incorporated on 19 September 1975, and a regist¢red chariry. It is governed by its Memorandum and Articles of Association. The guarantee of each rnember is limited to £1 O. OBJFCTIVES AND ACTJVITJES We have referr¢d to the guidaDc¢ ¢ontained in the Charity Commission's general guidance on public benefit when reviewing our aims and obj¢ctives and in planning our future activities. The primary objective is the provision of Community Arts and Arts Development. Trustees A full list of the trustees who served during the peri¢)d is shown within the legal and administrative informathon. Trustee recruitment and organisaiion Trustees are recruited through adN'ertising locally and attracting interested individuals who are assessed against skill requirements needed by the board. Remuneration Inter-Action MK currently has no directly employed staff. Therefore. rho einployee earned in excess of £60.000 during the period and the iotal remuneration paid to key inanageinent personnel during th¢ year was £nil (2025: £nil).
INTER-ACTION {MILTON KEYNES) LIMITED COMPANY LIMITED BY GUARANTEE TRUSTEES. ANNUAL REPORT (c•niiwued) YEAR ENDED 31 MARCH 2026 Risk The Board of Trustees carry out regular Risk Assessments through monitoring Management Accounts and re&Fularly review operational policies including the Business Plan. Health and Safety Policy, Equal Opportunities Policy. Educaiion Policy, Artistic Policy, Safeguarding policy, and Disciplinary Procedures. The 4-year business plan identifies (he following key risks for the organisation alongi with ihe mitiga(ing aciions to be underthken= Risk Mitigating Action L05$ of eamed income. Need to gain Core Incoine We have diversified our fundraising to include consultancy work for e.g. commissioned by MKC for a public art Strategy. We will be refreshing our 4-year plan in 2026127 to irlclude building social itnpaci into bid5 and targets for JTJediuirJ to long term funding (2-3 year funding) 10 iiiclude an uplift in core funding. We build a percentage towards core funding into ea¢h funding bid. We have fewer targeted strands of work, with an accompanying fundraising schedule which targyets particular trusis and foundations. We are rargFetinb' core fundinb. as part of a developing fundraising strategy Failur¢ to achieve flnancial siability. The Board will keep * fimi hold on finances and funding by continuing with birnonthly meetings. We have to recognise ihat the charitsble sector is more precarious ihan ever. Over the last 12 months charitable LFrknt givers have reported a 70 /• increase in bids for funding. We continue to work alongside att independent financial partner who regularly conducts an overview of actual expenditure and income against projections, and this is fed back to the trustees. so thai potential issues can be seen early and any consequent acfions can be taken. Our funding has stabilised this past year partly due to medium cross year fvnding.
INTER-ACTION (MILTON KEYNES) LIMITED COMPANY LIMITED BY GUARANTEE TRUSTEES, ANNUAL REPORT (conrinmei YEAR ENDED31 MARCH 2026 Risk Miligating A¢tion Board Development In order to be credible io funders and partners and to be able io provide the Interim Director and incoming teain with sufficient support, resource and challenge. the Board continues io support the organisaiion through scrutiiiy of annual polies and through working groups on particular areas for exampl¢ succession planning for key slaff meJTJbers. Competition Our work over the last 5 years has consolidaied Inter-Action MK as a leader and stron8 partner within our sector locally. Our new Co Direcior has successfully iietworked and reiniroduced io strategic local partners. The work proposcd requires specialist skills and clear cominitmeni to deliver to high srandard thai are not necessarily held by the most likely compeiiiors. Other artists and organisations developing programmes with shared objeciiveg can help to build visibilhiy. audiences and demand for such work. Collaboration 15 encourydged. Inter-Action have a roll ing 4- year plan which will include aciions towards the objective of becoming the -GoTo organisation wiihin our sector.
INTER-ACTION (MILTON KEYNES) LIMITED COMPANY LIMITED BY GUARANTEE TRUSTEES. ANNUAL REPORT (conliii¥ed) YEAR ENDED 31 MARCH 21126 ACHIEVEMENTS AND PERFORMAf4CE Work in children'5 centres The contribution made by Inter-Action (Milton Keynes) Limited to the community is recognised by support from the MK Communiry Foundation. the National Lottery Community Fund. MK Council, the Police Community Fund and trusts and foundations. The programrne for 202516 included: StoryBox: Following tbe success of the Little Acorns project we have developed a project in ¢onjunction with local Children's Centres. The project focused on working ith families with pre-school childrcn to sirengthen relationships and learnin2 iogether through creativity. outdoor leaniing and oracy skills. The success and outcomes of Story'Box, has l¢d to successful funding for SioryBox Chapter2. an 18-month programme which will begin in May 2026, and "ll7 increase the i)umber of centres and promote intergen¢rdtional work in partncrship wilh l(Kal libraries, ¢ar¢ homes and others. Groo Gecko. Our long-running nightclub wilh and for adults with additional needs is now well established in partiiership with Popworld MK. We now have regular iheme nigFhts and occasional guests. The programme pays for itself and also contributes to our core funding. Public Art Strategy for Wavendon" We have b¢¢n commissioned by MKC as Coiisultanls, to create a public art Straiegv for the parish of Wavendon. This will run into 2026n. and includes intensive creative consultations with community stakeholders and partners. Youth Drama Pilot witkn StgntODbury Parish Countil: Funded by ihe local Police Community Fund and in partnership wilh Stantonbury. Parish, i¥'e develo1 a successful series of pilot drama workshops with local children and )'oung ople.
INTER-AcfioN (MILTON KEYNES) LIMITED COMPANY LIMITED BY GUARANTEE TRUSTEES, ANNUAL REPORT (¢gnfrnue4) YEAR ENDED 31 MARCH 2026 Financial Review The surplus on the ordinary activiTies of ihe company during th¢ year amounted to £15.460 (2025.. deficit of £944). The principal funders of the organisation during the year were Mk Communiiy Foundation, National Lottery Commuthi(ies Fund, MK Council, Policc Communiry Fund, along? with income from Groovy Gecko, our long running nightclub with and for adults with addilional needs in partnership with Popworld MK. Total funds held by Inier-Action MK as at 3 1 March 2026 were £)2.660 (2025-. £17.200). cot15iSting of unrestricted funds of £1,560 (2025-. £4.200) and restrict¢d funds of £3 1,100 (2025.. £13,000). The trusiees are confident that Inter-Action MK is able to continue to meei its l labilities as they fall due for the foreseeable future and that the accounts should be prepared on a gioingi concern basis. Reserves Policy The trustees aim to keep enough in unrestricted reserves to ensure sufficient resources are available io cover all notice and redundancy costs and fuiure lease commitmenis in ihe event that they are required. In addiiion. the trustees aim io have sufficient unrestricced funds available (o cover on-going projects should funding fail. Funding Inter-Action MK approaches fundraising as a team activity Wlth the Co-Directors leadiJi&. and a range of approaches are taken to raise funds from ihe Arts Sector, Community Secior, Corporate Sector and Trusis. A new fundraising sirategy is being developed. Inter-Action MK does not use the services of professional fundraisers or commercial panicipators to assist with its fund development. No complaints have been re¢eived regarding its fund development activities. Plsns for Fllture P¢riod$ We plan to work on projects over 3-5 years and io achieve medium term funding to carry th is out. During 2026127 we plan to develop a new 4-yeai plan. Jn addition, Inter-Action MK has adopted a new co-Direcior model as part of succession planning which is alr¢ady yielding good results. Future Projecis include.. Coniinuation and development of the youth theatre project: StoryBox Chapter Two. An expansion of our successful prog7ramm¢ in 2025126 with additioi)al partners and a more strategic community reach. Participation in the MK 60 evcntS- Fundraisit)bi drive to include social impact. and Groovy G¢cko.
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INTER-ACTIOTr4 (MILTON KEYNES) LIMITED COMPANY LIMITED BY GUARANTEE INDEPENDENT EXAMINER'S REPORT TO THE MEMBER5 OF INTER-ACTION {MILTON KEYNES) LIMITED YEAR ENDED31 MARCH 2026 I report lo the charity Iruslees on my exominolion of the accounts of the charity for the year ended 31 Morch 2026 which ore set out on poge5 ten to eighteen. Responslbililies and basis ot report AS the chorily's Iruslees you ore responsible for the preporalion ol the occounls in occordonce with the requirements ol the Chorilies Act I I'the Acl'l. I report in respect ol my examinolion of the chorily'5 accoun15 carried out under section 145 01 the Act and in carrng out my examinolion I have followed oll the applicable Directions given by the Charity Commission under section 145151 Ibl ol the Act. Independenl examinerfs slalemenl I cornlirm thal l om quo1ilied to vndertoke the exominolion because l om o member of The Institute ol Chortered Accountonls in England ond Woles. which is one of the listed bodies. I hove completed my exarninolion. I confirm Ihol no moleriol mallers hove come lo my attention in connection wilh the exominalion giving me covse to believe thol in ony moteriol respect-. occounling records were not kept in respect ol the chority os required by section 130 of the Act.. or the accounts do not occord with Ihose record5'. or the occovnls do not comply with the applicable requirement5 conceming the form and content ol occounls set out in the Choritie5 (Accounts and Reports) Regulotions 2CX)8 other than ony requirement that the occounls give o 'lrve and lair view, which is not o tller considered as port ol an independent exominalion. I hove no concerns and hove come ocr05s no olhei matters in connection with the exominolion lo which ollenlion should be drawn in this repofl in order lo enable o proper underslonding ol the acco(Jnls lo be reoched. Soroh Buswell FCA Harris ond Co Chortered Accountonls 2 Pavilion Court 6W Pavilion Drive Northampton N4 7SL Dole: 11 ff..xL 2026
INTER-ACTION IMILT0Tr4 KEYNES) LIMITED COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING THE INCOME AND EXPENDITURE ACCOUNT) YEAR ENDED 31 MARCH 2026 Unrestrieted Funds Restrieted Funds Total Funds 2026 Total Funds 202$ Note Note 2 Income and endowmtnts from: Donations and legacie5 Other irading activities Invesiment income 45,645 45.816 12,743 36 10,500 10,865 40 12,743 36 Totil intomt and tndowm¢nt$ 12,950 45.645 58595 21.405 Exptnditure on- Raising funds activities Charitable aclivities {4,410) (15.286) (4.410) (38,725) (3.700) (18,649) (23,439) Total ¢xpendilure {19,696) (23.439) {43.135) (22.349) Net incomel{exp¢Trthture) Transfer between funds (6.746) 4.106 22.206 (4,1116) 15.460 (944) Net movernent in funds (2.640) 18,100 15,460 {944} RttoDtiliatifyi If finds: Total funds brought forward at l April 4.200 13.1)00 17.200 18,144 Total funds e*rried fonyard at 31 Mareh 1.560 31,100 32,660 17,200 The Staiement of Financi Actil'ities includes all gains and losses in th¢ year and therefore a statement of toial recognised gains and losses ha5 noi been prepared. All of the above amounts relate to continuing actiwilies. Tb¢ notes on pages 12 to 18 form part of th¢5e financial stslernents.
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INTER-ACTION (MILTON KEYNES) LIMITED COMPANY LIMITED BY GUARAliTEE NOTESTO THE FINANCIAL STATEMENTS YEAR Ef4DED 31 MARCH 2026 ACCOUNIING POLICIES Basis of accounting The financial statements have been prepared in accordance with ihe Accounting* and ReporlinL by Charities- Stsiemeni of Recommended Piacticc applicablc to chariiies preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2015) - (charities SORP (FRS 102)). the Finathcial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) and ihe Companies Act 2006. Inter-Action (Milion Keynes} meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or iransaction value unless otherwise stated in the relevani accounting pol icy not¢(s). Going concern The trustees are confident that Inier-Action MK is able to continue to meet lis l iabil ities as th¢y fall due for at least. but not limited to. 12 months from the dale the accounts ar¢ approved. Cash llow statement The irustees have taken advaniage of the exemption in SORP Bulletin I, published in February 2016. which exempt5 Small charities from preparing a cash flow statement. Fund accounlhDg General funds ar¢ unrestricied funds which are available for use at the discretion ol Ihe trustees in the furtherance of the general objectives of the chaiit>' and which have not been desiLynated for other purposes. Resiricled funds are funds which arc used in accordance with specific restrictions imposed by donors oi which have been raised by th¢ charily for particular purposes. The cosi of raising and administeringF such funds are charged against the specific fvnd. The wm and use of each restricted fund is set out in the note5 to the financial staiements. Expend iture All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributable to particular headinLis they have been allocated on a basis consistent with use of resource5. Support costs are those costs incurred directly in support ofexpenditure on the objects of the charity and include project manag)em¢iit carried out on the premises. Pension costs The company operate5 a defined contribuiion pension scheme for employees. The assets of the scheme are held Separately from those of the company. The annual conrributions payable are charged to ihe statement of financial activities. Incotne All incoming resources ale included in the Siatement of Financial Actiwilies {SOFAI when the charity is legally enutled to the income and ihe amount can be quantified wilh reasonable accuracy. -12-
INTER-ACTION (MILTON KEYNES) LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (eoKiinAftyfj YEAR ENDED31 MARCH 2026 STATEMENT OF FIf4ANCIAL AcfiviTIES (INCORPORATING THE INCOME AND EXPENDITURE ACCOUNT> Ulreslricted Funds Reslricted Funds Total Funds 2025 Noie Ineome and endowments from: Donaiions and legactes Other trading activities Investmeni income io.soo 10,865 40 10,500 10,865 40 Tot*1 in¢omt and endowment$ 21.405 21,405 Exp¢Trditur¢ on.. Raising funds actii'iiies Charitable actiN'iiies (3.700) (16,124) {3.700) (18.649) (2,525) Total ¢iptndilur¢ (19024) (2,525) (22J49) Ntl itstomelltxpenditurel Transfer between funds 1,581 2,465 (2.525) (2.40)) (944) Net mov¢tnent in funds 4,046 {4.990) {944) RecoDciliatiOi offiThds'. Total fujids broughi forward at l April Totil funds clrritd forward at 31 March 154 17.990 18.144 4,21)0 13,000 17.200 The Statement of Financial Activities includes all gwns and losses ITL the year and therefore a staiemeni of total recognised gain5 and losses has not been prepared. All of the above amounts relate to coniinuing aciiviiies. -1
INTER-ACTION IMILTOiY KEYNES) LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL ST ATEMENTS (c•viinM*l) YEAR ENDED 31 MARCH 2026 3. DONATIONS ATriD LEGACIES Uurestrieted Funds R¢slrict¢d Tot81 Funds Total Fund5 Fund$ 2025 2025 Donations Asdalbert HuDt Buckles Solicitois The ArcheT Trnst Other Grants receivabl¢ Milton Keyens Council- Wavendon Ari Plan MKCF- Story Box Chawer 2 project National Lottery Community Fund- StoryBox Chapter 2 project Youth Drama StantOnry 8.000 2,500 7,ibOO 7.000 14,0511 19,715 14.050 4080 4,880 45.645 45.816 10,500 OTHER TRADING ACTIVITIES Uore51ricted Fynds Rtslricted Total Funds Total Fund5 Funds 2026 2025 Donations Earned income INVESTMENT INCOME UDreslricted Totsl Funds Total Funds FUd$ 2026 2025 40 Bank Interr receivable 36 36 -14-
INTER-ACTION {MILTON KEYNESI LIMITED COMPANY LIMITED BY GuARATEE NOTES TO THE FINANCIAL STATEMENTS Iconilnud> YEAR ENDED 31 MARCH 2026 EXPENDITVRE ON RAISING FUNDS U#restricted Funds Restricied Tolal Funds Total Fuiids FuDds 2026 2025 Support cost5- Administraiive 4,410 4.410 3.700 EXPENDITURE ON CHARITABLE ACTIVITJES Unrt$tricted FDdS Reslricted Total Fund$ Tot Funds FuDd$ 2026 2025 Groovy Gecko MKC Web Design Youth Drama Statonbury Wavendon Art Plan StoryBox Support costs 3.196 3,196 3.478 3,400 1.957 7.754 13,728 1,957 7,754 13.728 12.090 2.525 9,246 12,090 15.286 23.439 3&725 18.649 COSTS OF CHARIT ABLE ACTivillE5 BY ACTlVtTY TYPE Sup eos ort Toial Funds Total Funds 2026 2025 Project eosts Groovy Gecko MKC Web Desi" Youth Drama Sianionbury Wavendon Art Plan S(oryBox Salary relatyl expenditure Administrative costs Prcmixs and offiLe costs Govcmanee costs 3,196 3,196 3.478 i.400 1,957 7,754 13.728 1,957 7.754 13,728 1,557 6,762 3,050 721 2.525 I,i7i 4,449 2,765 659 1.557 6.762 3.050 721 26.635 12.090 38,725 18,649 -1
INTER-ACTION (MILTON KEYNES) LIMITED COMPANY LIMITED BY GUARAliTEE NOTES TO THE FINANCIAL STATEMENTS (coniinue YEAR ENDED 31 MARCH 2026 NET INCOME I (EXPENDITURE) FOR THE YEAR This is slated after charging= 2026 2025 Staff pension contributions Independent Examiner's fees 1.557 680 I,i7i 635 FUND TRANSFERS The transfers from the StoryBox and Youth Drama Stantonbury projecis relate to an allocation of costs from the resthcted fund to contribute to the unrestricted cosis of the charity. 10. STAFFCOSTS AND EMOLUMEPITS Totsl statf ¢o$ts Ivere as follows- 2026 2025 Other pension costs 1.557 I,i73 1,557 1,373 Parli¢ulars of employees: The average number of employees during the year. calculaied on the basis of full-iime equivalent5, was as follows_. 2026 2025 No Management and administrative staff No trustees received either retnuneration or expenses in (he year {2025.. £nil). No employee received remuneration of more ihan £60.000 duringv the year12025 £nil). -16-
INTER-ACTION (MILTON KEYNES) LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS leoniinM*d) YEAR ENDED31 MARCH 2026 11, CREDITORS: ATNounts falling due within one y¢¥r 2026 2025 Trade creditors Other creditors 358 680 354 635 1.038 989 12. REKfRICTED FUNDS Balanee at l Apr 2025 Incoming resources Olltgoing restsurce5 Balance at Tr¥nsfers 31 Mar 2026 StoryBox 13,000 33,765 {13,728) (3,437) 29,600 Wavendon Public Art (7.754) 754 Youth Drama St0lry 4,880 (1.957) {1.423) 1500 13.000 45.645 (2J.439) {4,106) 31,100 StoryBox. Following the success of the Linle Acoms projeci we are developed a project in conjunciion with local Children's Cenir¢. The project focuse5 on workin(T With families wilh pre-school children ro strength¢n relationships and leaming iO(Tether through creathvitl,, gUtd(y)r learning and oracy Skills. This project will develop and continue as StoryBox Chapier 2 in 2026-2028_ Wavendon Public Art. This year h&$ seen start of work in¢luding intensive cotnmuniry consultation towards the creation of a public art strate. for Wavendon parish. commissioned by MKC eouncil with fijnding from developer contribuiions. This project will complete in Summer 2026. Youth Drnma Stanronbury This was a pilot proje¢1 rnnning a series of dratna workshops In partnership with the parish council. The parish were particularly ¢er to See provision for younb people who may be at risk of takin> part in anti s(Kial behaviour. and to add to the offer ofthe communitu Hub. -17-
INTER-ACTION {MILTON KEYNF.S) LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL ST ATEMENTS (coniinued) YEAR ENDED 31 MARCH 2026 13. UTr4RESTRICTED FUNDS Balance at Apr 2025 Incoming resources Outgoing resources Balance at Trgnsfers 31 Mar 2026 General Fund5 4200 12,950 (19,696) 4,106 1.560 4,200 12.950 (19.696) 4.106 14. ANALYSIS OF NET ASSETS BETWEEN FbYDS Nei cwrrent assets Tolgl Restricted Ineotne Funds: Restricted funds UDre$tricted Income Fnds. Gera1 funds 31,100 31,100 ,$60 Total Funds 32,660 32,660 15. COMPANY LIMITED BY GUARANTEE The liability of each memberis limiied. The extent of the guarantee is limited to £10. for each and every cuirentmember and other such pcrsons who may have been members within the past iwelve fflonths. 16. CONTINGENCIES A liability would arise in the event of a withdrawal of the charity from the pension scheme operated by The Pension TNst. The ¢ontingeni liability at 30tb September 2025 amounted to £4.198_ -18-
INTER-ACTION IMILTOYI KEYNES) LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL ST A TEMEf4TS (¢OllllAtsed) YEAR ENDED 31 MARCH 2020 -19-