Compary nUrn￿r 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 SeNi￿S 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 rese￿e6 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 ServI￿S 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, one￿t￿one 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 servi￿8 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 unreSt￿Cted Reserves
To explore avenues for increasing our unrestricted reserves and seek out fijndraising
opportunities and donations while also reassessing our fee-based ServI￿S 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 ne￿OrkIng 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 neI￿orkIng 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 def￿1t 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 ServI￿S
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 prO￿dureS 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 offi￿r 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 t￿eft 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 ir￿OnSIstenC7eS 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 objeL*ives of our audit, in respect to fraud, are- to identify and assess the risks of m*erial
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 prO￿dureS 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 cOn￿alMent, 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 <in¢ludlng Income and Expendlture Account)
For the Year Ended 31 March 2024
Notes Unrestricted
Restrlcted
2024 Totsl
Funds
2023 Totsl
Funds
INCOME from:
Voluntary Income
Activites for raising funds
Charitsble activiti8S
Investsnent Income
Other Income
25,506
259,171
2.394,222
7.236
197,153
222,659
259,171
2,503.133
7,236
120.608
195,574
2,349,107
952
108,911
564
Total income
2 686 135
306 064
2 666 805
EXPENDITURE on:
Raising funds
Charitable actDiities
49,239
2698311
49,239
2 998 201
33,725
2 688 455
299 890
Total expenditure
2 747 650
299 890
3 047 440
2 722 180
Transfer of Net Assets from Safety
Net
Net Incomel{expendlture) and
not movement In funds for the
year
40,851
161,415}
,174
155,241)
{14,724>
Reconciliation of funds
Tolal funds brought
forward
632 622
Total funds carrled
forward
20
480 $74
577 381
632 622
The statement of financial activities also complies with the requirernents for an income and
expenditure account under the Companies Act 2006.
All activities are classified as continuing. There are no recognlsed gains or losses other than
those reported on the Statement of Financial Activities
18

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 un￿rtainty
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 ServI￿S 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
pro1￿lS including Ihe functions of general management, payroll and administration, budgeting
and accounting, information technology and human reSoU￿s. 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 seNI￿S across Br￿ht0￿ & 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 proJ￿t 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 re￿iVed 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 Ma￿h 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 se￿Ice.
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 re￿iVed 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 move￿ent 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