Compary nUrnr 01402692 Charlty number.. 276669 Impact INITIATIVES Impact Initiatives (A company Ilmlted by guarantee) Annual Report and Financial Statements- 31 March 2024
IMPACT INITIATIVES {Limited by Guarantee) Financial Statements- 31 March 2024 CONTENTS Page Reference and Administrative Details Trustees, Report Statement of Trustees, Responsibilities 13 Independent Auditors, Report 14 statement of Financial Activities 18 Balance Sheet 19 Statement of Cash Flows 20 Note5 to the Financial Statements 21-34
REFERENCE AND ADMINISTRATIVE DETAILS TRUSTEES Neil Moscrop (Chair> Anne Mari Barker-Davies Brendan Ward Callum Waddell (Resigned 15.04.241 Carly Bunker {Resigned 01.02.24) David Ely (Resigned 12.05.2023) Fiona Albone {Appointed 30.04.24} Janice Robinson Leo Jago {Resigned 22.04.24) Maria Petnga-wallace (Appointed 30.04.24) Michael Abel (Appointed 21.06.2024) Nick Leavey Ron Jenkins (Resigned 17.10.23) Shuvarthi Bhattacharjee {Resigned 12.05.23) Simon l<night DL CHIEF EXECUTIVE OFFICER Caroline Ridley COMPANY SECRETARY Emily Squires REGISTERED OFFICE 69 Ship Street Brighton BN1 1NL STATUTORY AUDITORS TC Group The Courtyard Shoreham Road Upper Beeding Steyning West Sussex BN44 3TN SOLICITORS Mayo Wynne Baxter Mayo Wynne Baxter 4M6 Old Steine Brighton East Sussex BN1 1NH MAIN BANKERS Bank of Scotland First Floor 8 Lochside Avenue Edinburgh EH129DJ CHARITY NUMBER 276669 COMPANY NUMBER 01402692
IMPACT INITIATIVES (Limited By Guarantee) Trustees Report (continued) Forthe Year Ended 31 March 2024 The Trustees are pleased to present their annual report together with the financial statements of the charlty for the year ending 31 March 2024 which are also prepared to meet the requirement for a dire¢tors' reF)Ort and accounts for Companies Act purp)ses. The financial statements comply with the Chartties Act 2011, the Companies Act 2006, the Memorandum and Articles of Association. and Accounting and Reporting by Charities.. Ststement of Recommended Pra¢lice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 (effective 1 January 2015)- CHAIR'S REPORT Impact Initiatives (Impacl) w8s founded in Brighton in 1978 through an innovalive partnership of churches, Sussex University and local councils coming together,. thls was a diverse collection of local groups and individuals who cared enough about community issues to act against the injustices they saw on their doorstep. They knew that resolving social issues Brighton and Hove communities were facing at the time including homelessness, unemployment and discrimination could be most effectively done through pooling their resources and skills. Our founders stood up for the people who did not have a volts or who simply were not being heard. The organisation has developed through thal joint vision of supporting local people in need. Impact Initiatives now works independently but the original remii of 'filling the gaps in statutory service5. is as relevant today as it has always been. Over the years Impact Initiatives has grown and evolved as an organisation, however what has never changed. Is that we provide a volce, hope and change for Sussex people of all ages who are most in need. We recognise that tt is possible for anyone to fall through the gaps, and we are detennined to be there with the right support when this happens. Through providing the right people at the right time, and through leading collaborative working to create and deliver, our services are all designed to bring people the support they need to Iwe healthy and fulfilling lives. The current services ¢over three overarching strateglc work areas.. Children, Young People and Families Adults and Older People Training This year, we have worked wtth over 11,800 people, which is an impressive increase of 120k from last year. We developed our new three-year stralegy through support from our business supporters Space Doctors. This builds on previous work with a focus on innovation in our work with children and young people and fvrther development ot our partnerships. We have had Slgnificant 5ucces5 in fundraising to ie4evelop our advocacy services following WSCC funding cuts and building on our support for autistic people, developed a new Self Advocacy group in Brighton and Hove
IMPACT INITIATIVES (Limited By Guarantee) Trustees Report (contsnugd) For the Year Ended 31 March 2024 At our year-end, our stsff count stood at 113. 16 iTrJividuals were in full-time positions, while 97 worked part-time. The Central Team structure implemented last year enabled us to develop the work in our strategy including around our IT infrastructure and use of technology to support our efficiency and effectiveness in data collection and security- It also supported the integralion of our work with children and young people bringing teams together making transition belween servi$ seamless and increased sharing of skills between stsff members. A distinctive aspect of much of our work lies in its dependence on time-limited funding. INhile this presents risks in terms of competition for SeNiS when funding concludes, it also presents opportunities lo bid for new work that aligns with our mission and allows for innovation in servi development and delivery. Our track record in sustaining services remains robust, wtth a particular emphasis on building our reserves to mitigate potential impacts of fvnding reductions. Given the interconnected nature of many of our services, ¢hanges in one area can have a ripple effect on others. The board of trustees views the loss of any of our services as a last resort, and as such, they have occasionally supported services from resee6 in the short term while seeking alternatwe funding sources. The resilien of the charity was fvlly tested through the unfortunate absen due to illness of our CEO for a significant amount of time. The tsmporary arrangements with people willingly acting up proved entirely successful and were very much appreciated with no detriment to the quality of the service provided throughouL We remain confident that our ongoing effort5 in 8xpansion, collaborative parts)erships with statutory and voluntary organisations, and engagement with local businesses, coupled with the contiriuou5 development of areas where we have eamed a ieputation to be exceptionally proud of, will ensure the continued success and PTosperity of Impact Initiatives. Lastly, we would wlsh to pay tribute to our longest setving trustee Leo Jago who sadly passed away last April. His outstanding commitment and experience was of tremendous value and he wlll be sorely missed Neil Moserop Chair OBJECTIVES AND ACTIVITIES Summary ofthe objects of the ¢harlty as set out In our governing document The objects for which Impact Initiatives is establlshed are to promote any charitable purpose for the benefit of people in England, with a focus on the Southeast. This includes providing facilities for recreation or leisure time occupation which improve people's quality of life.
IMPACT INITIATIVES (Llmltod By Guarantee) Trnstees Report (¢ontinuodJ For the Year Ended 31 March 2024 We do thls through: Children, Young People and Families Services We create and provide safe spaces for children and young people to live, leam and play. Children and young peopl8 can get advi, counselling and guidance, leam new skills such as cooking, managing money, develop strategies for managing anxiety and increasing their self-confiden and esteem. Parents of young children are provided wtih support, advice and equiprnent to help keep Iheir children safe within their homes. The services are unique and innovative and often provide a break from extremely drfficult lives. I mpact's skilled staff truly listen and understand and so help create positive fLrtures for children and young people. Adults, and Older People's Services Our ServIS build independence, bring Connections, empowermerrt and help for adults with disabilities and older people in Brighton and Hove and West Sussex. We help people achieve this through training. vOcacy, onetone and gr(KJp support. We provide specialist employment support and advocacy services which help people to be heard, find secure employment, and feel valued for their skills. Through a partnership with Brighton and Hove City Council we also deliver a specialist service which helps people on a low income needing urgent access food for themselves and their families. Impact Initiatives leadership of the City-wide Ageing Well service in Brighton and Hove (sub- contracting to nine other organisations) provides easy to access information, connections, activities and food, which collectively improve health and wellbeing. Tralnlng Impact's training builds expertise and quality in setvice provision within the voluntary sector and beyond through., Providing standard and bespoke training in safeguarding both adults and children for other voluntary sector organisalions. Supporting people with Aulism and learning disabilities to provide lived experience training to local authoriti&s, voluntary organisations and businesses OUR SERVICES AND WORK The services provided during the year and included In thls report are: Chlldren, Young People and Famllles stopover - The only supported housing service specifically for young women in Brighton and Hove and West Sussex. We provide a safe place where young women can start to build their lives and work towards independence. Our model of providing a female only service across 10 houses provides a pathway from high to low level support, including for young women with babies. WASP (Whitehawk After School Project) An After-school Club in Whitehawk which is recognised as one of the UK'S most deprived areas. We provide play opportunities. positive adult role models and promote active lifestyles and healthy eating.
IMPACT INITIATIVES {Limited By Guarantee) Trustees Report (Continued) For the Year Ended 31 March 2024 YPC - Iyoung People's Centre) Our centre provides office and meeting space for statutory and voluntary sector organisations who support young people in Brighton and Hove. Our own Youth Work Team also deliver one-to-one and sm811 group support for young Feople needing support and advice around theirwellbeing and mental health. In addition, our online counselling and youlh work teams who work across East Sussex are also based at the YPC. Safety Net- work wth Brighton and Hove children aged 8-14 and their families to help children feel safe in their homes, school and neighbourhood. The service provides one to one, small group and whole class workshops to help children, build confidence, self-esteem and resilience. Safety Net helps children to improve their ability to communicate assertively, deal with conflict, and build emotion21 Ir(eracy and resilience, whilst also developing skills and strategies to manage Itfe's challenges. Home Safety - We provide advice and equipment to help families with young children to keep safe whhin thelr homes Aduhs and older people Advocacy Servlces- Our expertleam support autistic adults and those with learning disabilities, acquired brain injury or sensory impairments to have Iheir Vol heard and listened to in matters affecting their lives. We do this through one-towone advocacy, including for people wilh leaming disabilities who are going through childcare proceedings and by supporting self-advocacy groups. Ageing Well Impact provides leadership and overall managemerrt of a partnership of ten organisations devdoping and delivering infomiation, support, advice and activities across Brighton and Hove. We provide the Hop 50+ Cafe and a wide range of activities. two Single Points of Contact for enquiries regarding older people's services and support, (one speciffically for people living with dementia), Outreach services, Nuirilion advice and support and produce the annual Ageing Well Festival and links into national initiatives relating to issues older people face. Food Support- Developgj to address needs arising during the Coronavirus pandemic but which have remained, we distribLrte funds, alongside support, to access food through delivery or other support services. Workablllty - Provides individualised one-to-one support which helps people into or to retain training and employment. We workwith people Wbth physical or sensory impairments and acquired brain injury to identfy their skills and find and maintain the right employment for them. Tralnlng Asple Trainers - We support the Aspie Tralners selv1 which delivers bespoke autism training from a first-person perspective to businesses, schools and charities. Safety Net tralnlng - Provides Specialist training, both attended and online, from introductory courses to specialist sessions for Safeguarding Leads and managers. Our training offer also includes Online Safety. Mindfulness alld Protective Behaviours.
IMPACT INITIATIVES (Llmlted By Guarantee) Trustees Raport (contsnuedj For the Year Ended 31 March 2024 ACHIEVEMENTS AND PERFORMANCE REVIEW OF THE YEAR At the start of the year the Trustees and management undertook to.. Develop the Buslness Stralegy Including increasing collaborative working and further review and development of our income generating servi8 which support our core work. Prepare for Servlce Commlssionlng Our objective was to position ourselves strategically to secure commissioned services successfully. This included strengthening our partnerships and alliances to ensure effective service delivery. Contlnue to explore ways of increasing our unreStCted Reserves To explore avenues for increasing our unrestricted reserves and seek out fijndraising opportunities and donations while also reassessing our fee-based ServIS to maximise revenue. To continue to seek new opportunities and raise our proflle To include involve proactive networking efforts and developing a new communications strategy. How the year compared to the plans and asplratlons? Throughout the year. we remained focused on executing our bu5ine55 plan. We built on our collaborations with businesses, ststLrtory and voluntary sector organisations which both raised our profile and financial opportunities. We developed our unrestricted income generation through diverstfying our training offer and building alliances including running the Consctous Collective event through donations from local artists and makers. As one of the chosen charities of the Mayor of Brighton and Hove we collaborated with three other organisations to deliver a range of fundraising events which also raised our profile across the city. We wore successful in the recommissioning for Stopover and Workability West Sussex and were awarded a further Ihree years funding from Children in Need. The investment of additional posts in the Central Team implemented in 2022 continued to pay dividends with an increase in the profile of the organisation. This has been through social media, a regular newsletter and the capacity for the Head of Business Development 2nd the CEO to attend neOrkIng events and meetings with statutory partners. This has resulted in positive
IMPACT INITIATIVES {Limited By Guarantee) Trustees Report (continued) For the Year Ended 31 March 2024 partnering wth businesses and input into plans for future statutory services ensuring our voice is heard, and expertise recognised and Lrtlllsed In planning of services MAIN OR SIGNIFICANT ACHIEVEMENTS OF OUR SERVICE TEAMS Children and Young People's serrfices: Safety Net directly supported 2,997 children through one to one and group work in sohools AII WASP staff were able to implement new skills gained through training in Protective Behaviours bringing additional support lo the children. The YPC developed the Youth Champions programme with an initial four young people advising staff on relevant issues. Two young p8op18 progressed from being service users to volunteering and are now staff members. Stopover completed Ofsted registration, the Brighton and Hove Quality Standard and Secured a further thr& years funding frorn Brighlon and Hove City Council. Adults and Older People Secured new funding through a commission to develop a Self-Advocacy Group for autistic adults in Brighton and Hove. Aspie Trainers became the main autism provider for West Sussex County Council and delivered mandatory training in Learning disabillty and Autism through funding secured from the Oliver Mc Gowan training programme. Following severe cuts, the previous year West Sussex Advocacy secured ftjnding from a trust to support P80ple with learning disabilities wrth financial issues Led by Impact the Ageing Well services worked wtth almost 15,QOO older Ople includlng 3,300 new to the services. We also delivered a conference with national speakers attended by over 100 delegates titled 'The Age of Wisdom. and an event with over 100 older people on the 1360 for the national 'challenging ageism. and 'see and be seen, initiatives. The number of people accessing the support at the Hop 50+ increased again wth over 1,500 individuals attending groups and meeting in the Café Workability West Sussex increased the number of people who gained or retained employment by 150/0 despite a reduction in staff hours due to funding restrictions. They also developed new connections and provided support to young carers
IMPACT INITIATIVES (Limited By Guarantee) Trustees Report (eontinuad) For the Year Ended 31 March 2024 OUR VOLUNTEER SUPPORT INCLUDED Children and Young People: Working wilh children in the WASP after school sessions. Administration of evaluation of the Safety Nel school work Providing support to Stopover residents Adults and older people: Providing advocacy for people wilh learning disabilities Giving Technical support for older people Facilitating groups at the Hop 50+ Setting up events for the Ageing Well Festfval Other volunteer support Informal volunteers and support provided by local businesses h81ped us to fundraise., design marketing materia15 and run fundraising events Our Trustees worked over 350 hours through attending board and finance committee meetings, supporting the CEO and external neIorkIng to raise the profile of the organisalion and encourage new supporters. FINANCIAL REVIEW Income increased during the year to £2,992, 199 from £2,666,805 in 2023124. This Increase can be attributed to a full year of income for our new stopover house in Worthin9 plus new income related to Oliver McGowan training. 2023124 is also the first full year after our merger with Safety Net $0 this accounts for a significant proportion of the in¢rease. Our income at the HOP Café in both the café and the centre activities also significantly increased and the full year of a new Head of Business Development meant that the donations and grants also showed a sharp rise during the year. At the beginning of the 2023124 year a deficit of £24,971 was forecast. The actual result was a deficit of £55,241. The increase in the deficit was mainly due to the abrupt ending of the West Sussex Advocacy contra¢t and the asso¢iated redundancy costs, which was an unexpeded cost al the time of setting the budget. At the beginning of the financial year 2024125 a deficit of £41,674 was budgeted. This is based on confirmed income at the beginning of the year and a prudent budget for expenditure. We have developed a funding plan with the aim to minimise this deficit during the year. Rigorous cost control remains in place in all of our projects, and we actively seek new partnerships and funding streams. We have a clear plan forthe future of the organisation including realistic development of services and new projects which meet the objectives of Impact Initiatives whilst support those of the city. district and county councils and trusts.
IMPACT INITIATIVES {Limited By Guarantee) Trustees Report (continued) For the Year Ended 31 March 2024 Pollcy on reserves and reserves held During the year the Trustees and SMT have review8J the reserves policy and have made the decision to move away from the traditional 3 months running costs approach. The reserves policy is reviewed annual and is an integral part of the planning, budgeting and forecasting cycle. The new approach is based on risk identification, Klentifying existing funds and reviewing th8 surplusldeficits expected for the following 3 years. This is reviewed in line with the extent that these income streams are reliable and controllable and the potential risks of losing a service and associated costs are added to these figures. These are presented quartedy at the Finance Committee meetings and the level of reserves required determined at each meeting. At the end of the financial year the level of reserv85 required using this method was £514,297. Al the end of the year the free reserves, as defined by the Charlty Commisslon, showed a surplus of £298.078. This figure is derived from the General unrestricted funds of £480,574 plus the mortgage on the property of £377,892, less the net book value of our assets. £560.388. The strategy has been to buikl reserves by building unrestricted income through diversifying our income streams and fundraising along wf(h making costs savings where possible However, cost of living issues and utilitles Increase5, wRhout appropriate uplifts in contract funding have made this more difficuK than planned. The recruilment of a business development manager was key in addressing this issue and is still a priority going forward. Golng concern and cash ftow There is a def1t this year and another one expect next year, bui steps are being taken and funding opportunities being soughl to improve the result as the year progresses. The T[uSt$ are confident that going fomard there will be a retum to an operating surplus in the future. Going concern has been reviewed in detail in light of the uncertainty relating to the cost of living crisis. Cashflow forecasts for longer periods ale being reviewed on a regular basis. The key issue for the Trustees is cash flow and the ability of Impact Initiatives to continue to pay its liabilities as they fall due. The Trustees expect liabilities to be met as they arise. The position is reviewed on month by month basis, and should this situation change, then the Trustees would take the appropriate steps. The Trustees are confident thal the charity will remain a going concern for the foreseeable future, and these financial statements have therefore been prepared on a going concern basis. PLANS FOR FUTURE PERIODS Plans for theforth¢omlng year The strategic plan will be implemented and wll Include developments in our exisbng ServIS alongside new projects.
IMPACT INrriATIVES (Limited By Guarantee) Trustees Report (continued) For the Year Ended 31 March 2024 Throughout 202&2026 we wlll: Develop the Buslness Strategy Including consolidating and implementing the revised structure of our children and young people's services Preparation for Service Commissionlng and maxlmlse our potential for winning tenders. Through building on relationships wtth statutory and voluntary sector organlsatlons and our reputation for innovation in service delivery. Continue to explore ways of increasing our Unrestrlcted Reserves Through building on relationships built with businesses who support our work and through ongoing development of our Income generating services Further develop our rr strategy Ensuring we maximise efficiency and cyber securty across all our work. STRUCTURE, GOVERNANCE AND MANAGEMENT Legal Constitutlon The charty was incorporat8d on 29 November 1978 as a company limited by guarantee and 15 governed by its Memorandum and Articles of Association. The charity is limited by guarantee and has no share capltal. The charity was registered with the Charity Commission on 30 April 1979 under registration number 276669. The charity changed ils name from PACT Communty Projects Ltd to Impact Initiatives with effect from 26 November 2002. Organisational structure and how decisions are made The CEO and Management Team IMT) conduct the day to day business of the charity, reporting quarterly to the Trustees. A number of Trustees assist the MT either directly or through both long- and short-term working groups. The Central team provides back-office infrastructure support and management, ensuring our Servi deliver frontline support effectively and efficiently. and that they comply wtth their contraclual and legal requirements and funders, needs. We have a olear policy and procedure laying out how we manage financial risk and who is responsible for 8greeing and signing off financial agreements. Impact IniliatNes Central Team provides management of and support for finance, infomiation technology, human resources, administration, marketing and fundraising. This is a ¢ost-effective way of the services having consistent professional support and enables them to focus on the service provision. 10
IMPACT INITIATIVES (Limlted By Guarantee) Trustees Report (¢ontlnued) For the Year Ended 31 March 2024 Governance Impact Initiatives is a regional charity, with substantial legal and contractual liabilities, and needs to operate at a similar level of experience and efficiency as a complex commercial business. The board of Trustees is ultimately responsible for the organisation. Good governance demands Ihat the Trustees set clear aims and objectives, establish priorities, safeguard the charity's assets and use them effectively and exclusively for the benefit of the organisation's beneficiaries. The Board of Trustees consists of up to 18 individuals, appointed by the members in general meeting, and can include a chair and vice chair. The board of Trustees has the power to appoint individuals to the board either to fill a casual vacanry or as an addition to the board. Emergency decision prOdureS are in place, which always involve the chair plus a second trustee. The Trustees have also adopted the Model Code of Conduct developed by The National Council of Voluntary Organisations. The Trustees meet in full session every three months, providing clear direction and oveNiew of the organisation's operation and compliance with agreed strategies and business plan. The finance committee meets quarterly in addition and as and when required. The chair also meets very regularfy wilh the CEO. The Trustees set out on page 1 have held office during the whole period from 1 April 2023 to the date of Ihis report, unless othetwise stated. In accordance with the Articles of Association, one third of the Trustees retire annually and are eligible for r&eleclion at the annual general meeting. Each member has agreed to contritKrte £1. All Trustees are members. Recrultment, Induction and training of Trustees Impact Initiatives Diversity and Inclusion policy applies to the recruitment of Trustees except where specialist knowledge or skills. or representation of a geographic area, has been identified to enhance the Capacity of the board. In exceptional circumstances individuals with appropriate skills or background could be approached directly to address an identffied need. We continue to work to encourage SeN1 users, or those wth direct experience and understanding of the issues our service users face, to become Trustees. New Trustees are recommended for appointment by the chair and adopted subject to their appointrnent being confirmed at the annual general meeting. The board's performance is reviewed annually by the chair. Trustees are offered internal training and the opportunity to attend relevant seminars or presentation5 directed at the voluntary sedor during the year. All are encouraged to attend the briefing by the Head of Finance and the adoption of the annual accounts. Key risks to Impact's busine continuity are.. Contracts ending and not being renewed Loss of key members of staff Loss of key sources of income Loss of a building through fire or other disaster Damage to the organisation's reputation
IMPACT INITIATIVES (Llmlted By Guarantee) Trustees Report (continued) For the Year Ended 31 March 2024 We have a clear risk rnanagement policy and dlsaster recovery plans for the organisation and individual services which are reviewed annually. Any changes in the level of risk in any of these areas is approached and managed as set out below. The Finan Committee is advised of any major risks to the organisation, the risk register is updated and presented to the board by the CEO each six months or more often as required. Where risks are identified a plan is agreed to minimise them and any necessary controls identrfied and put in Pla along with a monitoring process. Potential new services ancl proje¢ts are risk as5ess8d prior to committing to the submission of tender documentation or legally binding costs being incurred. The Trustees, rlsk management strategy comprises of the following: A six-monthly review of the risks to the charfty vla the live Risk Register. The estsblishment of systems and procedures that will mitigate risks identified in the review. The implementation of procedures deslgned to minimise any potential risks to the charty should they materialise. Disaster recovery plans for all aspects of the organisation are reviewed at least annually and a policy is implemented across all services. Staff have been made aware of and understand their specffic responsibilities. Contracted HR and Health and Safely expertise to oversee all aspects of these areas. Impact Initiatives continues to invest in health and safety training and has wntractorfs Health and Safety scheme (CHAS) accreditation for the whole organisation. The Trustees recognise that systems can only provide reasonable assurance that major risks are being adequately managed. Pay policy for senior stsff The board of dire¢lors, who are the chariws Trustees, and the Chief Executive offir comprise the key management personnel of the charity in charge of direding and ¢ontrolling, running and operating the charity on a day to day basis. All direclors give of their time freely and no director received remuneration in the year. Details of directors, expenses and related party transactions are disdosed in note 12 to the accounts. The pay of the senior staff is reviewed annually and normally increased in accordance wrf(h average 8arnirvJs in the local volunlary sector. 12
IMPACT INITIATIVES (Limited By Guarantee) Trustees Report (continued) For the Year Ended 31 March 2024 STATEMEKf OF TRUSTEES, RESPONSIBILITIES The law applicable to charitable companies in England and Wales requires the Trustees, who are also the directors of the charity, to prepare financial statements for each year which give a true and fair view of the state of the charty's financial activities during the year and of its financial posrtion at the end of th8 year. In preparing finsncial statements giving a true and tsir view, the Trustees should follow best practice and.. Selecl suitable accounting policies and then apply them consistently Make judgments and estimates that are reasonable and prudent state whether applicable United Ktngdorn accounting standards and statements of recommended practice have teft followed, subject to any material departures disclosed and explained in the financial statements and Prepare the financial statements on a going concern basis unless it is inappropriate to assume Ihat the charity will continue in operation The Trustees are responsible for keeping proper accounling records which disclose wtth reasonable accuracy at any time the financial position of the charity and which enable them to ensure that the financial 5talements comply with the Companies Act 2006 and the Charlties Act 2011. 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 iThegularities. D15closure of Information lo auditors Each trustee has taken all steps that they ought to have taken in order to make themselves aware of any information relevant to the audit, establish that auditors are aware of that information and that there is no information relevant to the audit of which the charity company's auditors were unaware. Public Beneflt statement The Trustees have revlewed the objectives and actniities of the organisation againsl the Charty Commission's guidance on public benefrt and are satisfied that the organisation meets the public benefil criteria. Auditors A resolution to reappoint TC Group wll be proposed at the forthcoming Annual General Meeting. This report has been prepared in accordance with the small companies, regime of the Companies Act 2006. Approved by the Trustees on 81h October 2024 and slgned on their behalf by Neil Moscrop as chair. N Moscrop (Ch8ir} 13
IMPACT INITIATIVES (Llmited by Guarantee) Auditors Report For the Year Ended 31 March 2024 INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF IMPACT INITIATIVES We have audited the financlal statements of Impact Initiatives (the 'charitable incorporated organisation'} for the year ended 31 March 2024. The financial reporting framework that ha5 been applied in their preparation is applicable law and United Kingdom Accounting Standards, includir Financial Reporting Standard 102 The Financial Reporting Stsndard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements= give a true and fair view of the state of the charitable incorporated organlsation's affairs as at 31 March 2024 and of its incoming resources and application of resources, including its income and expenditure. for the year then ended., have been properly prepared in accordance wlth the requlrements of Ihe Companies Act 2006. have been prepared in accordance with the requirement5 of the Charities Act 2011, the Charities and Trustee Inveslmenl (Scotland) Act 2005 and regulation 8 of the Charities Accounts (Scotland) Regulations 2006 (as amended). Basls for oplnlon We conducted our audit in accordance with International Standards on Audiling {UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the Audiloff s responsibilities for the audit of the financial statements section of our report. We are independent of the charitable incorporated organisation in accordance with the ethical requirements thal are relevanl to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fijlfilled our other ethical responsibilities in accordance w5th these requirements. We believe that the audit evidence we have obtained is sufficient 2nd appropriat8 to provide a basis for our opinion. Concluslon3 relating to going concern In audlting the finan¢lal statements, we have concluded thatthe Trustees use of the going ¢on¢em basis of accounting in the preparation of the financial statements is approprlate. Based on the work we have performed, we have not identified any material uncertainties relating to events or corKlitions that, individually or collectively, may cast significant doubt on the charitable incorporated organisation'5 ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issu8. Our responsibilities and the responsibilities of the Trustees wlth resped to going concern are described in the relevant sections of this report. other Information The Twstees are responsible for the other information. The other information comprises the information included in the Trustees, annual report, other than the financigl statements and our auditor's report thereon. Our opinion on the financial statements does not cover the other information and, except to Ihe extent otherwise explicitly stated in our report, we do not exwess any form of assurance conclusion thereon. 14
IMPACT INITIATIVES {Llmlted by Guarantee) Audjtors Report For the Year Ended 31 March 2024 In connection with our audit of the financial ststements, our responsibility is to read the other information and, in doing so, considerwhether the other information is materially inGonsistenl with the financial statements or our knowledge obtsined in the audit or otherwise appears to be materialty misstated. If we identify such material irOnSIstenC7eS or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a rnaterial misstatement of Ihe other information. If, based on the work we have perfomed. we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report In thls regard. Oplnlons on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit.. the information given in Ihe Trustees, report for the financial year for which the financial statements are Prepared is consistent with the financial statements- and the Trustees, report has beèn prepared in accordance with applicable legal requirements. Matters on whlch we are requlred to report by exception In the light of our knowledge and understanding of the charitable incorporated organisation and tts environment obtained in the course of the audit, we have not identified material misstatements in the Trustees, report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion= adequate accounting re¢ords have not been kept or retums adequate for our audit have not been received from branches not visited by us., or the financial statements are rK)t in agreement with the accounting records and ieturns,. or certain disdosures of Trustees. remuneration spectfied by18w are not made., or we have not received all the information and explanation5 we require for our audit. Responsibllities of Trustees As explained more fully in the Trustees, responsibilities statement, the Trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and falr view, and for such internal conlfol as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the Trustees are responsible for assessing the charitable incorporated organisalion's ability to continue as a going concem, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable incorporated organisation or to cease operations, or have no realistic alternative but lo do so. 15
IMPACT INITIATIVES {Limited by Guarantse) Audltors Report For the Year Ended 31 March 2024 Auditorfs responslbllltles for the audlt of the financial statements Our objectives are to obtsin reasonable assurance about whether the financial ststements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducled in accordance with ISAS (UK) will always detect a material misslatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. A further description of our responsibiltties for the audit of the financial statements is located on the Financial Reporting Council's website at.. https=l.frc.0rg.Uk1our-work1AudIvAUdlt-8nd- assurancelStandards-and-guidancelStandards-and-guidance-for-auditorslAuditors- responsibilities-for-auditlDescTiPtion-of-auditors-responsibilities-for-audit.aspx. This description forms part of our auditor's report. Irregularities, including fraud, ar? instances of non-compliance with laws and regulations. The extent to which our procedures are capable of detecting irregularities, including fraud, is detsiled below. Extent to whlch the audit was considered capable of detectlng irregularities, including fraud The objeLives of our audit, in respect to fraud, are- to identify and assess the risks of merial misstatement of the financial statements due to fraud,. to obtain sufficient appropriale audit evidence regarding the assessed risks of material misstaternent due to fraud, through designing and implementing appropriate responses,. and to respond appropriately to fraud or suspected fraud identified during the audit. However, the primary responsibility for the prevention and detection of fraud rests wlh bolh those charged with governance of the entity and its management. Our approach was as follows.. We identified areas of laws and regulations that could reasonably be expected to have material effect on the financial statements from our general sector experience, and through discussion with the Trustees and other management {as required by auditing standards), and discussed th the Truslees and other management the policies and procedures regarding compliance with laws and regulations (see below)., We identified the following areas as those rnost likely to have such an effect.. health and safety,. General Dats Protection Regulation {GDPR)- fraud,. bribery and corruption, and employment law. Auditing standards limit the required audit procedures to identify non- Complian with these laws and regulations to enquiry of the Trustees and olher management and inspection of regulatory and legal correspondence, if any. The identtfied actual or suspected non-compliants was not sufficiently significant to our audit to result in our response being identified as a key audit matter. We considered the legal and regulatory frameworks directly applicable to the financial statements reporting framework {FRS 102 and the charities Act 2011 } and the relevant tax compliance regulations in the UK. We considered the nature of the charity's operations, the control environment and financial performance. 16
IMPACT INITIATIVES (Limlted by Guarantee) Auditors Report Fortheyear Ended 31 March 2024 We communicated idgnttfied laws and regulations throughout ourteam and remained alert to any indications of non-compliance throughout the audti., We considered the prOdureS and controls Ihat the Charity has established to address risks identified, or that otherwise prevent, deler and detect fraud,. and how senior management monitors those programmes and controls. Based on this understanding we designed our audit procedures to identify non-compliance with such laws and regulations. Where the risk was considered to be higher, we performed audit procedures to address each identified fraud risk. These procedures included= testing manual journals,. reviewing the financial statement disclosures and testing to supporting documentation; performing analyti¢g1 procedures., and enquiring of management, and were designed to provide reasonable assurance that the financial statements were free from fraud or error. Owing to the inherent limitations of an audit, there is an unavoidable risk that we m2y not have delected some material misstatements in thè financial statements, even though we have properly planned and performed our audrt in accordance with auditing standards. For example, the further removed non-compliance with laws and regulations (irregularities) is from the events and transactions reflected in the financial statements, the less likely the inherentty limf(ed procedures required by auditing standards would identify it. The risk is also greater regarding irregularities occurring due to Iraud rather than error, as fraud involves intentional cOnalMent, forgery, collusion. omlssion or misrepresentation. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance wth 811 laws and regulations. Use of our report This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 ofthe Companies Act 2006. Our audit work has been undertaken so thatwe might state to the charitable Company's members those matters we are required to state to them In an auditors, report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and Its members as a body, for our audit work, for this report, or for the opinions we have formed. Mark Cummin5 FCCA (SenioT Statutory Auditor} For and on behalf of TC Group Statutory Audilors Office.. Steyning Dated.. 17
IMPACT INITIATIVES
(Llmitsd by Guarantee)
Statement of Flnanclal Actlvities
IMPACT INITIATIVES (Limlted by Guarantse) Balance Sheot as at 31 March 2024 Notes 2024 2023 FIXED ASSErs Tangible assets CURRENT ASSErs Debtors 15 560,388 572,878 109,575 503718 Cash * bank 441096 516,885 613,293 CREDITORS Amounts falling due within one year 175 516 NET CURRENT ASSETS 385 277 437 777 TOTAL ASSETS 1010655 CREDITORS Amounts falling due after one year NET ASSETS 18 368 284 378 033 577 381 632 622 The funds of the charity: Unrestricted income funds 20 480,574 541,989 Restricted income funds 20 Total charity funds 577 381 632 622 These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and constitute the annual accounts required by the Companies Act 2006 and are for ¢iroulation to the members of the charitabl8 company. The notes at pages 21 to 34 form part of these accounts. Approved by the Trustees on8 October 2024 and signed on their behalf by. N D Moscrop Chair Company number 1402692 19
IMPACT INITIATIVES (Limited by Guarantee) Statement of Cash Flows For the year ended 31 March 2024 Notes 2024 2023 Net cash inflowl(outflow) from operating actlvltles 24 646 Cash flows from investing actlvities Proceeds from sale of fixed assel Transfer of Net Assets from Safety Net Capital expenditure Interest income 15,000 40,651 15 (8.156) 952 Interest Paid Nel cash provided byl (used in) investing activitie5 127,907) 35,400 Cash flows from financing actlvitles Mortgage repayments Net cash provided by financing actwities Change in cash and cash equivalents In the year Cash and cash equivalents at the beginning of the year 503 718 471930 Cash and cash equivalents at the end of the year 503 718 Analysis of cash and cash equivalents At1 Aprll 2023 Cash Non-cash At 31 March flow changes 2024 Cash at bank and in hand 503718 L 20
IMPACT INITIATIVES (Llmited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS For thg year ended 31 March 2024 (Gontinued) 1 STATiJfoRY INFORMATION Impact Initiatives is a charitable company, limited by guarantse, registered in England and Wales. The charitable company's registered number and registered office address can be found on the legal and administrative information page. 2 ACCOUNTING POLICIES The principal accounting policies adopted, judgements and key sources of estimation unrtainty in the preparalion of the financial statements are as follows.. a) Basls of preparation The financial statements have been prepared in accordance with Accounting arKI Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounls in accordance wtth the Financial Reporting StarKlaid applicable in the UK and Republic of Ireland {FRS102) (effective l January 2015) - Charities SORP IFRS102), the Financial Reporting Stsndard applicable in the UK and Republic of Ireland {FRS102) and the Companies Act 2006. Impacl Initiatives meets the definilion of a public benefit entity under FRS102. Assets and Liabilities are initially recognised at historical cost or transaction value unless oth8rwise stated in the relevant accounting policy note(s). There are no material uncertainties aboul Impact Initiatrves abilty to continue as a going concem. The financial statements are prepared in sterling. which is the functional currency of the charlty. Monetary amounts in these financial statements are rounded to the nearest £. b) Income recognition policie5 Items of income are recognised and included in the accounts when all of the following criteria are met". The charlty has entitlement to the funds- any performance conditions attached to the item(s) of income have been met or are fully within the control of the charity., there is sufficient certainty that receipt of the incorne is considered probable- and the amount can be measured reliably. Income received in advance of the provlsion of a speclfled service Is deferred untll the crtteria for income recognition are met {see note 19). cl Crltlcal accountlng estimates and judgements In Ihe application of the charity's accounting policies, the Trustees are required to make judgements, eslirnates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from olher sources. The estimates and assooiated 8ssumptions are based on historical experience and other factors that are considered to be relevant. Actual results may drffer from these estimates. The estimates arKI underlying assumptions are reviewed on an ongoing basis. Revisions to accounts'ng estimates are recognised in the period in which the estimate is revised. 21
IMPACT INITIATIVES (Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS (Continued) For the year ended 31 March 2024 c) Critical accounting estimates and Judgements - continued The Trustees do not consid8r that ther8 are any critical estimates or areas of judgement that need to be broughl to the attention of the readers of the financial statements. dl Donated serrflces and facilities Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefrt can be measured reliably. In accordance with the Charities SORP (FRS 102}, the general volunteer time is not recognised and refer to the Trustees, annual report for more informalion about their contribution. On receipt donated professional ServIS and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services orfacilities of equivalent econornic benefit on the open market.. a corresponding amount is then recognised in expenditure in the period of re¢eipt- e) Interest receivable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is nomially upon notrfi¢ation of the interest paid or payable by the Bank. fj Fund accountlng Unrestricted funds are available to spend on activities that further any of the purposes of charity. Designated funds are unrestricted funds of the charity which the Trustees have decided at their discretion to set aside lo use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity's work. g) Expendlture Expenditure is recognised on an accruals basis with the irrecoverable element of value added tax included within the item of expense to which it relates. Costs of generating voluntary income include fundraising and publicty costs attributable to the raising of all voluntary income. Fundraising trading: cost of goods sold and other costs include the cost of runnlng the cafes at Hop50+. Charitable activities costs include the direct and indired running costs of the various projects. Governan costs inclLKle those costs associaled with m88tin9 the constitLrtional and statutory requirements of the charity and include the audit fees and costs linked to the strategi management of the charity. 22
IMPACT INITIATIVES (Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS (Continued) For the year ended 31 March 2024 g) Expenditure - continued Support costs represent the running costs of a central office to manage and administer the pro1lS including Ihe functions of general management, payroll and administration, budgeting and accounting, information technology and human reSoUs. They are allocated across Ihe categories of charf(able expenditure and projects on a proportion of time spent upon them. h) Tanglble flxed assets Individual fixed assets costing £1,000 or more are capitalised at cost and are depreciated over their estimaled useful economic lives on a straight line basis as follows.. Asset Category Freehold propety Fixtures & Fittings Motor vehicles Bike2Work Annual rate 2% 15% 10°/0 330/0 i) Operating leases Rental costs under operating leases are charged to the Statement of Finanoial Activities on straight line basis over the period of the lease. j) Debtors Trade and other debtors are recognised al the sett18ment amour)t due. Prepayments are valued 81 Ihe amount prepaid. kl Cash at bank and in hand Cash at bank and cash in hand includes cash and short term highly liquid investments with a short malurity of three months or less from the date of acquisition or opening of the deposit or similar account. l) Credltors and provlslons Creditors and provisions are reco9nis8d where the charity has a present obligation resulting from a pasl event that will probably result in the transfer of funds lo a third paty and the amount due to settle the obligation Can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount. ml Pension costs Contributions payable to the company's pension schemes are charged to the Statement of Financial Actwities in the px8ri(Kl to which they relate (see note 23). 23
IMPACT INITIATIVES {Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS (Continued) For the year ended 31 March 2024 3 LEGAL STATUS OF THE CHARITY The Charity is a company limited by guarantee and has no share capital. In the event of the Charfty being wound up, the liability in respect of the guarantee is limited to £1 per member of the Charity. The authorised membership of the charify is 500. At 31 March 2024, th8 membership was 2012023- 19). The Charity is under the control of the Trustees. 4 VOLUNTARY INCOME 2024 Total funds 2023 Total funds Unrestrfcted Restricted Donations Grants Legacy Income 5,585 19,921 39,670 152,483 45,255 172,404 29,840 90,768 197 153 222 659 120608 The Charity benefrts greatly from the involvement and enthusiastic support of its many volunteers, details of which are given in our annual report. In accordance with FRS 102 and the Charities SORP (FRS 102), the economic contribution of general volunteers is not recognised in the accounts. 5 ACTIVITIES FOR RAISING FUNDS 2024 Total funds 2023 Totsl funds Unrestricted Restrlcted Accommodation and room hire Fees for services Catering receipts 58,804 131.441 58,804 131,441 47,006 87,860 259 171 259 171 195574 24
IMPACT INITIATIVES (Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS (Continued) For the year ended 31 March 2024 6 INCOME FROM CHARITABLE ACTIVITIES Unrestrlcted Restricted 2024 Total 2023 Total Aldingboume Trust Brighlon & Hove City Council Canterbury Chrtst Church University Children in Need East Sussex Fire & Rescue London Leaning Consorb'um Sussex Community Foundation NHS Trust West Sussex County Council NHS Sussex ICB NHS East Sussex CCG Pohwer University of Brighton University of Sussex Housing Support Rent and amenities Client conlributions 167,175 167,175 920.138 4.167 34,197 5,000 {576) 79,092 170,622 846,378 70,290 4,167 34,197 5,000 (576) 38,069 11,648 76,863 79,092 143,373 143,373 259,646 2,140 75,000 48,960 76,350 48,960 2.ODO 3.625 132.338 875,492 76,350 48,960 2,000 3.625 132,338 875,493 132,338 674,511 2 394 222 108911 2503 133 2349 107 25
IMPACT INITIATIVES (Limlted by Gvarantee) NOTES TO THE FINANCIAL STATEMENTS (Continued) For the year ended 31 March 2024 7 ANALYSIS OF ACTIWTIES AND SUPPORT COSTS Staff Deprgclation Costs other Costs 2024 Total 2023 Total Costs of raising funds Voluntary inoome Financing Costs Fundraising trading Total costs of generating funds Charitable activities Activities undertaken directly Payments to partners Support costs Total charitable activities 21.758 26,987 494 21,758 26,987 494 12,308 21,203 214 1,418,734 4,489 751.923 2,175,146 1,869,222 403,038 403.038 436,437 409 408 373 485 1726 189 20 646 1240 757 2 987 592 2 679 144 Governance costs Total resources expended 1726 189 20646 1300605 IQ4U 2722180 Governan¢e costs ¢omprise audit & accountancy fees for the year together with AGM costs. Payments to partners relates to payments made to partner organisabons. The Ageing Well Contract is a collection of 8 charities who deliver older people seNIS across Brht0 & Hove Including the HOP 50+ Impact Initiatives co-ordinates and manages the funding for these organisalions. Other payments to partners relates to payments made out from the Sussex Community Foundation funding which Impact Initiatives manage the funding for. 8 SUPPORT COSTS Cost of Charltable raising activltleg funds Govern- ance Costs 2024 Total 2023 Total Human resources Establishment costs Office and administration 4,968 775 873 301,417 47,010 1.070 167 188 307,455 47,952 261.689 70,792 401 367 373 485 All support costs are based on a project by proJt management review of estimated usage of central staff time. 26
IMPACT INITIATIVES (Limited by Guarantee} NOTES TO THE FINANCIAL STATEMENTS (Continued) For the year ended 31 March 2024 9 NET INCOMEI{EXPENDITURE) FOR THE YEAR 2024 2023 This is stated after ¢harging'. Depreciation of tsngible fixed assets Audilors, remuneration Amounts payable under operating leases, land and buildings 20,646 10,609 19,449 9,311 318827 282 752 10 ANALYSIS OF STAFF COSTS AND TRUSTEE REMUNERATION AND EXPENSES 2024 2023 Salaries Social security costs Pension contributions 1,573,915 120,457 1.412,290 113.561 1726 189 1 551751 One employee received remuneration in excess of £60,000 (2023 - 1). The total employment costs (including employers national insurance and pension contributions) of Senior Managemenl was £83,054 (2023- £82,360). The total employers pension contributions were £1,321 (2023- £1,321). None of the Trustees reiVed remuneration from the charity during the year (2023- £nil). A total of £475 was paid to Trustees during the year as reimbursemenl oftravel expenses (2023- £393). No amounts were due to or from the Trustees at the balance sheet date {2023 - £nil). 11 STAFF NUMBERS The average monthly head count was 111 slaff12023- 101 stafft and the average monthly number of full-time equivalent employees (including casual and part-time staff) during the year were as follows.. 2024 Number 2023 Number Administration Project staff 46 46 52 52 The charity participates in an Insuran policy whlch protects the charity from loss arising from the negligence of its employees and ind8mnifies employees against the consequences of such negligen. The costto the charity ofthis insurance was £12,008 {2023- £12,074)- 27
IMPACT INITIATIVES (Llmlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS (Continued) Forthe year ended 31 Mah 2024 12 RELATED PARTY TRANSACTIONS Apart from Ihe Trustee expenses, mentioned in note 10. There were no other related paty transactions during the year to report. 13 GOVERNMENT GRANTS Income from govemment granls comprises performance related grants made by local authorities to fund specific projects, activities. See note 6 for more information and to the amount and source of these grants. 14 TAXATION The charitable company is registered as a charity arKI most of its income falls within the exemptions under Part 11 of the Corporation Tax Act 2010. 15 TANGIBLE FIXED ASSErs Freehold Property Motor Fixtures & Bike 2 Work Vehicles Fittings Totals COST At April 12023 Additions Disposals 752,550 5,051 41.012 1,335 518 794,897 8.156 2,587 At 31 March 2024 757 601 803 053 ACCUMULATED DEPRECIATSON At April 12023 Charge for year 205,318 16,404 297 222,019 388 At 31 March 2024 220 470 388 242 665 NET BOOK VALUES At 31 March 2024 537 131 551 At 31 March 2023 572 878 28
IMPACT INITIATIVES (Limlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS (Continued) For the year ended 31 March 2024 16 DEBTORS 2024 2023 Debtors Other debtors Prepayments Accrued Income 35,679 40.110 4,133 74,918 2,022 17,467 109 575 17 CREDITORS: Amounts falling due within one year 2024 2023 Deferred income and accruals (see note 19) Trade Creditors Other creditors VAT Mortgage Income tax and social security payments 52,247 29,892 7,044 6,816 9,608 78,655 39,805 7,693 10,316 8,745 131608 175 516 18 CREDITORS: Amounts falling due after one year 2024 2023 Mortgage- repayable wthin: 1 to 2 years 2 to 5 year5 Over 5 years 10,229 38,853 319202 8,745 30,811 338 477 368 284 378 033 On 191h July 2018 a chargewas made against the YPC buikling on Ship Street for a mortgage to purchase the propety in St Andrews Road. 19 DEFERRED INCOME The deferred income included in note 17 above is broken down as follows.. 2024 Deferred Income at 1 April 2023 Released in Ihe year Deferred in the year Deferred income at 31 March 2024 48.566 {48,5661 29
IMPACT INITIATIVES (Llmited by Guarantee} NOTES TO THE FINANCIAL STATEMENTS (Continued) For the year ended 31 March 2024 20 ANALYSIS OF CHARITABLE FUNDS Analysls of movements In unrestricted funds Balance Incoming at 1 April Re$ources 2023 Outgoing Project Costs Support Costs Transfers Balance at 31st March 2024 General fund 527,729 59,780 112,295 781,724 {452,596) {274,897) {527,709) (2g,110) (144,992} 309.591 12,600) (42:58n 205,189 (24,932) (229,0831 (4.441) L7.449} (20,274) 24,754 441,904 Hop50+ Ageing Well Food Access Advocacy Advocacy Brighton Aspie Trainers Woikability West Sussex Wasp Ypc Safety Net Home Safety StOPDver 140,512 63,445 28,151 (58,112) {30,505) (6,243) .(3:493) 910 5,847 167,175_1_. {130,544) 692 (40,870) 220,280 {172,472) (13,529) 128.528) 843 686 2 747 550 {19,619) (12,569) (26.740} (13,885) (5,029) 129779 (17,012) 52,747 {21,068) {881) 2,769 30,788 1011998 2686 135 527 729 IT Replacement fund 9,290 14,410 23,700 Dilapidation fijnd 2686135 2 747 $50 The General fund is funded by income from the charity's projects. The Trustees have approved the transfer of the balance on each project's result to the General fund lo reflect the ongoing reality of the charity's day to day funding. Details of these projects can be found in the Trustees. Annual Report starting on page 1. The IT Replacement fund has been set up to upgrade hardware and software as required across the whole organisation. The Dilapidations reserve has been sel up to ensure the charity has the funds in place to meet our responsibilities of redecoration and cyclical repairs at the Stopover properties and for refurbishmenl work on the Ship Street building. 30
IMPACT INITIATIVES (Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2024 (Continued) 20 ANALYSIS OF CHARITABLE FUNDS- continued Analysls of movements in restrictsd funds Balance at 1st Incomlng Aprll 2023 Re-sources Outgolng ffj Balance at Project 315t March Costs 2024 Hop50+ Day Centre Fund Aspie Trainers Advocacy Wasp Safety Net Ypc YPC Restoration Fund Workability Ageing. Well Food Access Home Safety stopover 2,207 31,205 18,939 {9,014) {4.101) {4.424)_ (57.750) (42,920) <79,039) (45,303) (9,456) 12,132 27.104 4,424 29.150 28,600 42,920 59,582 19,457 998 1g,560 8.314 20,702 250 2,036 26,500 5,000 12,0361 (19,0871 (5.0001 7,413 300 299 890 Restricted funds are funds that can only be used for specific purposes within a particular seIce. HOP50+ balance is made up of specific fvndraising for refurbishment 21 the HOP 50+ Café and centre. The Day Centre Fund is minibuses which were donated by the Valerie Munday Trust for use in any of our day centre services. The ASPIE Trainers comprises grant income from Emest Kleinwort. Advocacy is a grant from the Henry Smith Foundation spanning 3 years, the 3rd grant instalment fell on 315t March 2024 but is for the Apr-set 2024 period. The Wasp restricted fund consisted of a grant from Children in Need, funds reiVed from Ctty Academy, Whitehawk. The remainder consists of fundraising or donations income. Safety Net comprises the grant funds received durbng the year for that service. YPC income comprises income from Aclwe Sussex and the Blagrave trust durlng the year. The YPC Restoration Fund is a grant from the Youth Investment Fund to fund work on the building. 31
IMPACT INITtATIVES {Llmlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS (Continued) For the year endod 31 March 2024 20 ANALYSIS OF CHARITABLE FUNDS- contlnued Workability is a grant from slaples for on& of th6 service users. Ageing Well Is a donatlon from L& G and some smaller donatlons made from the agelng well conference during the year. Food Access is Household Support Funding from Brighton and Hove Council for the service to distribute as food vouchers across the city. Home Safety is a donation from East Sussex Fire and Rescue for contrbi ution to safety in action day and Safety Calendars distribLtted to local schools. Stopover comprises grant income from the Ambergate Charitable Trust for an support worker and some counselling for the residents. 21 ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrestricte d Funds Reslricted Fund3 2024 Total 2023 Total Fund balances at 31 March 2024 are represented by: Tangible fixed assets Net current assetsl(liabililies)_ 539,881 20,507 560,388 572,878 480 574 577 381 632 622 Fund balances at 31 March 2023 are represented by: Tangible fixed assets Net current assetsl{liabilities) 548,270 24,608 572,878 605,428 632.622 22 COMMITMENTS UNDER OPERATING LEASES At 31 March 2024, the charity was committed to making the following payments.. 2024 2023 Operating leases which expire= thin one year Between 2 and 5 years 12,526 16,746 32
IMPACT INITIATIVES (Llmited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS (Continued) For the year ended 31 March 2024 22 COMMITMENTS UNDER OPERATING LEASES- continued The charity has renlal commitments on nine houses within its Stopover service. The contracts have a 6-month notice clause from each party. The figures above do not include these commitments. 23 PENSION COMMITMENTS The charty operates a group of defined contribution schemes with funds assigned for individual members. The assets of these schemes are held separately from those of the charity in independentty administered funds. The contributions payable at the year-end were £6,704 (2023 - £7,394). Contributions pabd during the year amounted to £82,854 (2023 - £62,743) 24 RECONCILIATION OF NEf MOVEMENT IN FUNDS TO NET CASH FLOW FROM OPERATING ACTIVITIES 2024 2023 Net moveent in funds Add back depreciation charge Deduct inleresl income shown In investing actwities Transfer of Net Assets from Safety Net Profkt on disposal of asset (Increaselldecrease in debtors Increasel{decrease) in creditors Finance cost Nel cash used in operating activities 155.241) 20.646 (7,236) 114,724) 19,449 (9521 140.6511 546 (16,6871 38,362 33,786 {43,908) 33
IMPACT INITIATIVES (Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS (Continued) For the year ended 31 March 2024 25 ANALYSIS OF PRIOR YEAR STATEMENT OF FINANCIAL ACTIVITIES BY FUND Statement of Financial Activities (including Incomo and Expenditure Account} For the Year Ended 31 March 2023 Notes Unre3trlcted Restrlcted 2023 Total Funds INCOME Irom. Voluntary income Activities for raising funds Charitable activities Investment Income Other Income Total income 26,956 195,574 2,268,446 952 93,652 120,608 195,574 2,349,107 952 80,661 564 564 2 491 928 174877 2 666 805 EXPENDITURE on: Raising funds Charitable activities 33,725 2 506 777 33,725 2 688 455 181678 Total expenditure 2 540 502 181678 Transfer of Net Assets from Safety Net Net incomel(expenditurel and net movement in funds for the year 40,651 40,651 1 (48.574) 33,850 {14.724) Reconclllatlon of funds Total funds broughl foNard 590 563 Total funds carrled forward 20 632 622 26 MERGER WITH SAFETY NET During the previous year Impact Initiatives merged with Safety Net (charity number 1108772). The nel assets of Safety Net totalling £40,651 were trar)sferied to Impact Initialives and recognised through the Stalement of Financial Activtties on page 17. As part of the agreement, the funds Iransferred were to be restricted to the charitable activities of Safety Net, and therefore have been recognised in the SOFA as Restricted Funds. 34