Compony wmb•r 01402692 hawlty number: 276869 Impact INITIATIVES Impact Initiatives IA company Ilmited by guarantse) Annual Report and Financial Statements- 31 March 2025
IMPACT INITIATIVES (Limited by Guarantea Financial Statements- 31 March 2025 CONTENTS Page Reference and Adrninistrative Details Trustees, R8POrt Statement of Trustees, R8sponsibilities 13 Independent Auditors, Report 15 Statement of Financial Activities 19 Balance Sheet 20 Statement of Cash Flows 21 Notes to the Financial Statements 22-35
REFERENCE AND ADMINISTRATIVE DETAILS TRUSTEES Neil Moscrop {Chair) Mike Abel Fiona Albone Anne Mari Barker-Davies (resigned 25.02.251 Emma Hamilton tioined 10. 12.24) Simon Knight DL Nick Leavey Maria Petnga-Walla¢e Janice Robinson Callum Waddell (resigned 15.04.2024) Brendan Ward CHIEF EXECUTIVE OFFICER Caroline Ridl8y COMPANY SECRETARY Kate MacDonald REGISTERED OFFICE 69 Ship Street Brighton BN1 1AE STATUTORY AUDITORS TC Group The Coutyard Shoreham Road Upper Beeding Steyning West Sussex BN44 3TN SOLICITORS Mayo Wynne Baxter Solicitors 4446 Old Steine Brfghton BN21NH MAIN BANKERS Bank of Scotland First Floor 8 Lochside Avenue Edinburgh EH12 9DJ CHARITY NUMBER 276669 COMPANY NUMBER 01402692
IMPACT INITIATIVES (Limlted By Guarantee) Trustees Report For the Year Ended 31 March 2025 The Trustees are pleased to present their annual report together with the financial statements of the charity for the year ending 31 March 2025 which are also ppared to meet the requirernent for a directDrs' report and accounts for Companies Act purposes. The financial staternents cornply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association. and Accounting and Reporting by Charities- Statement of Recommended Practice applicable to charities preparing their accounts in accordano with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effeGlive 1 January 2015). CHAIR'S REPORT Impact Initiatives has a lang-standing aim of filling the gaps left by statutory services. We support people of all ages across Sussex whose needs are not being met elsewhere, offering them hope, practical help, and a voio when it's most needed. Our proud track re¢ord goes back to 1978 when the charity was formed, initially as a bold community collaboration of churches, Sussex University, and local councils, united by a shared mission: to tackle homelessness, unemployment, and discrimination. That splrit of collective action lives on in everything we do but our work as an independent charrf(y has evolved and grown over the years to meet the challenges experienced by those in need of our well-regarded seNices to such good effect. We provide practical, person-centred services through three core areas.. Chlldren, Young People & Families Adults & Older People Tralnlng In 2024-25, we supported over 9,250 people a slight decrease from last year, which is reflected in the increase in more intensive and rnore lime-consuming work with young people. We delivered on the aims of our three-year strategy, reviewed in January 2025 to ensure alignment with current neèds. Highlights include.. Winning the contract to continue leadin9 the partnership and dèlivering the Ageing Well setvice Securang further funding for Advocacy and employment support in Brighton & Hove, based on our successful West Sussex model Expansion of our Stopover housing service in West Sussex Restructuring Safeguarding Training to ensure a scalable and sustainable service We ernployed 105 staff at year-end. of these 15 were in full-time positions, while 90 worked part- time. Our Central Team strengthened key organisalional functions-from safeguarding and data protection to HR and recruitment-alongside deepening our commilment to equity, diversity and inclusion. Our fundraising efforts also gained momentum, bolstered by growing support from local businesses. Like many in our sector, we rely on tirne-limited funding. This creates both risk and opportunity- prompting innovation, agility, and a strong track record of sustaining vital services. Our Board of
IMPACT INITIATIVES {Limitsd By Guaranlge) TRUSTEES REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2025 Trustees remains committed to protecting services wherever possible, including using reseNes when ne$sary. Sadly, in September 2024, after exploring every option to sustain the setvice, we needed to make the considered decision to transfer our WASP After School Club to the school where tt is based. Despite our best efforts, se¢uring the level of funding needed to maintain the high standards we set had become unviable. With strong partnerships, growing I51nesS engagement, and a trusted reputation, we look ahead with confidence, determined to keep making a difference Whe it matters most. Neil Moscrop Chair OBJECTIVES AND ACTIVITIES Summary of the objects of the charity as set out in our governlng document The objects for which Impact Initiatives is established 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. We do thls through: Childrèn, Young People and Families Services We create safe, supportive spaces where Ghildren and young people can thrive. ether it's through advice, counselling, or hands-on leaming, we help them build the skills and Confidence they need to shape brighter futures. From cooking and money management to managing relationships. anxiety and building self-worth, our service5 are tailored to real lives. For parents, we offer practical support, guidance, and essèntial items to help keep their Ghildren safe at home. Every service we offer brings stability, encouragement, and where needed a fresh start-often providing a vital pause from the pressures of everyday life. What makes this possible is the commitment and care of Impact's skilled staff, who listen, understand, and empower each young person to realise their potential. Adults, and Older People's Services Our setvices promote independence, connection, and empowemient for older people and adults with disabilities. We support individuals through training, advocacy, and tailored one-to-one and group work-enabling people to build confidence, gain skills. and live more fulfilled lives. Our specialist employment and advocacy services help people be heard, secure meaningful work, and feel recognised for their strengths. In partnership with Brighton & Hove City Council, we also deliver a targeted service providing urgent food access for low-income individuals and families in crisis.
IMPACT INITIATIVES (Llmited By Guarantee) TRUSTEES REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2025 Impact also leads the Ageing Well service across Brighton & Hove, which is recognised as a model of good pra¢tiGe by the Centre for Ageing Better. This is achieved through leading a partnership of nine partnership organisations. Together, we provide aCSsIble information, social connections, activities, and food, supporting better health and wellbeing for older p80ple across the city. Training Impact's training builds expertise and quality in service provision within the voluntary sector and beyond through. Providing Standard and bespoke training in safeguarding both adults and children for other voluntary sector organisations. Supporting people with Autism and learning disabilities to provldé lived experien training to local authorities, voluntary organisations and businesses OUR SERVICES AND WORK Tha services provided during the year and Included In this report are: Children, young people and families stopover The only supported housing seNits specifically for young women in Brighton & Hove and West Sussex, Stopover offÉr5 safe, inclusive spaces where young women can begin to rebuild their lives and move towards independence. Across eleven houses, we offer a clear pathway of support from high to lower levels-tailored to individual needs, including specialist accommodation for young women with babi&s. Young People's Centre IYPC) A vibranl hub in Brighlon & Hove, the YPC provides office and meeting space for both statulory and voluntary organisations working with young people. Our in-house Youth Work Team offers cne-tIFone and small group support focused on wellbeing and mental health, both at the centre and in community settings. The centre also hosts our online counselling and East Sussex youth work leams, enabling joined-up support across the region. Safety Net Supporting thildren aged &14 and their families, Safely Net helps young people feel safe at home, at school, and in thèir communities. Using the Protective Behaviours model, we deliver one-to-one, group, and whole-class sessions that build confidence, self*steem, and emotional resilience. Children develop vital skills in assertive communication, managing conflict, and navigating life's challenges with greater self-assurance. WASP {Whitehawk After School Project) For many years, WASP has been a lifeline for children in one of the UK'S most disadvantaged areas. After careful planning and in partnership with the school, we transferred the service to school leadership in September 2024. This strategic handover ensures long-term sustainability and continued support for local families, following years of financial backing from Impact.
IMPACT INITIATIVES {Limited By Guaranteo) TRUSTEES REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2025 Horne Safety We help families with young children create safer living environments through practical advice and the provision of home safely equipment. giving parents the tools and confidenc& to protect their children at home. Adults and older people Advocacy Servlces- Our expert team support autistic adults and those with leaming disabilities, acquired brain injury or sensory impairments to have their voice heard and listened to in matters affecting their lives. We do this through one-to-one advocacy on financial issues, and for people with leaming disabilities who are going through childcare proceedings. We also support Self - Advocacy groups for autistic adults. Ageing Well - lrnpact provides leadership and overall management of a partnership of ten organisations developing and delivering information. support, advice and activities across Brighton and Hove. We provide the Hop 50+ Cafe and a wide range of aGtivities, two Single Point5 of Contact for enquiries regarding older people's services and support, (one specifically for people living Wlth dernentia), Outreach services, Nutrition advice and support and produ* the annual Ageing Well Festival. We also provide links and into national initiatives relating to issues older people fa, ensuring voices are listened to Food Support- Developed to address needs arising during the Coronavirus pandemic but which have remained, we distribute funds, alongside support, to access food through delivery or other support services in Brighton and Hove. Workability - Provides individualised one-toryone support which helps people into or to retain training and employment. We WO with people with physical or sensory impairments and acquired brain injury to identify their skn'lls and find and maintain the right 8mployment for them, throughout this year this was delivered in Brighton and Hove and West Sussex. Training Lived Experience Trainers {Fornially Aspie Trainers) We support ourtrainers to develop skills and Confiden as well as providing flex5ble, autism and leaming disability friendly work. In tum, our trainers, sessions promote acceptants, empathy and good prartice to seNices and individuals that support autistic people. Safety Net training - Provides specialist in person and online training from introductory courses to specialist sessions for Safeguarding Leads, trustees and managers.
IMPACT INITIATIVES (Limited By Guarantee TRUSTEES REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2025 ACHIEVEMENTS AND PERFORMANCE REVIEW OF THE YEAR At the start of the year the Trustees and Senior Leadership Team undertook to.. Develop tho Business Strategy By reviewing our strategy to ensure our priorities remain relevant for this year and aligned with the environment we are currently working in. Preparation for Service Commissloning and maximise our potential for winning tenders. Through building on relationships with statutory and voluntary sedor organisations and our reputation for innovation in service delivery. Continue to explore ways of Increasing our Unrestricted Reserves Through building on relationships developed with businesses who support our work and through ongoing development of our income generating services Further develop our IT strategy Through ensuring we maximise efficiency and cyber security across all our work and we meet requirements in current contracts. How the yèar compared to the plans and aspirations? Throughout the year, we remained firmly focused on delivering the three-year strategy developed in 2023. A key part of this was strengthening our Central Support services to create a more effective and supportive hub for all teams. We successfully developed a revised structure within our Children and Young People's servIs and co-located teams, an approach that has fostered stronger collaboration and a more cohesive way of working. Our commissioning preparalion5 paid off, resulting in th8 successfvl renewal of the Workability West Sussex and Ageing Well contracts, which recognises our impact and credibility. We also made significant progress in building relationships with businesses, which is now generaling income and opening further opportunities to strengthen our free reserves. To support this. we restructured our training service into a more financially sustainable model and enhanced our Young People's Centre to create a more accessible, welcoming Spa for external organisations to use. Meanwhile, our Central Team enhanced our cybersecurity and data protection frameworks, while expanding support around safeguarding procèsses-ensuring that our infrastructure continues to grow with the organisation's needs. Alongside this our Equity, Diversity and Inclusion Working Group further researched and advised on language to be used and accessibility of our website. Revision of relevant policies is now in progress.
IMPACT INITIATIVES (Limlted By Guarant88) TRUSTEES REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2025 MAIN OR SIGNIFICANT ACHIEVEMENTS OF OUR SERVICE TEAMS Children and Young People's and Famllles services: Enhanced Prlmary School Support.. In addition to delivering their core work, the Safety Net team develOd and distributed Comprehensive Anti-Bullying Week resour packs to every primary school child in Brighton & Hove, amplifying preventative education city-wide. Strategic Integration of Services.. Successfully integrated The Wild Mind Project, previously an independent initiative-into our service portfolio, enhancing our holistic mental health and wellbeing offer. Collaboratlve Youth Initiatives- Launched cross-organisalional youth groups to better Serve young people with intersectional needs, leveraging collective expertise and resources for greater impact. Innovative Digital Expansion-. Expanded the E-motion platform to offer live, faGe-t(fa online counselling, significantly improving accessibility to therapèutic support. Growth in Supported Housing.. Allocated a larger property to expand StOPOV8ffs mother and baby supported housing, meeting increased demand and improving accommodation qualily. Increased Regional Capacity: Secured an additional propety for Stopover West Sussex, extending our supported housing provision to more young women across the region. Improved Mental Health Pathways: Strengthened partnerships through targeted campaigning to mental health services, resulting in a dedicated liaison wort(er for young women admitted to hospitawensuring more responsive and continuous care. Adults and Older People Long-Temi Service Conlinuity.. Successfully secured the Ageing Well contract for an additional 4-6 years, ensuring stability and continued support for older adults across Brighton and Hove. Employment Support Expansion.. Developed the West Sussex Workability servi through securing a new contract. This was alongside being awarded a one-year contract to deliver employment support services in Brighton & Hove, adapting our provèn West Sussex model to meet local needs. Empowerlng Autistic Voices.. Secured three years offunding for the Brighton Autism Movement self-advocacy group, enabling continued co-production and leadership of the Autism Partnership Board. Secured additional funding for advocacy SeiceS to develop the Money First serviGe for people with a leaming disability, acquired brain injury, a physical or sensory impairment and autistic people. Advocacy Impact Recognised.. The Parents vol Advocacy Servi was independently evaluated by Social Finan, with the final report launched at the Houses of Parliament- highlighkn'ng a social retum of £12 for every £1 invested. Thought Leadership in Ageing.. Ageing Well delivered a high-profile conference featuring nationally recognised speakers and attendees, showcasing innovation and sector leadership.
IMPACT INITIATIVES (Limitsd By Guarantee) TRUSTEES REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2025 Addresslng Rlsing Need: Our Food Access Servi provided emergency food parcels to over 1,000 households-representing a 500/0 increase on the previous year and a vital response to growing community demand. Training Trainlng Innovation and Expansion. Safety Net Training was successfully restructured into a more cost-effective delivery Model. with the addition of a new Safeguarding Leads for Adults course to meet emerging sector demand. Scaling Lived Experience Expertise.. Secured additional funding to roll out lived experien training across Hampshire, expanding reach and embedding authenlic vol8 in seNice development and delivery. Central Support Enhanced Digital Security: Secured Cyber Essentials accreditation. underscoring our commitment to high Cyber security standards and data protedion. Improved Financial Oversight: Implemented effective budgeting praCtiS, strearnlined contract management including utilities and provided comprehensive management accounts. Modernisèd Operations: Optimised HR processes and intrOdUd Al-driven training and tools to boost administrative efficiency and support smarter working practices. OUR VOLUNTEER SUPPORT INCLUDED Children and Young People". Enhanced Operational Capacity.. Volunteers provided valuable administrative and report writing support, contributing to the smooth running of core servIs. Enrlched Wellbeing Activities.. Volunteers actively supported the delivery of Wild Mind Project sessions, helping to create safe, engaging spa8 for young people's mental health and connection with nature. Empowered Young Residents.. Volunteers delivered the Centrepoint Accredited Life Skills course to Stopover residents, equipping young wornen with essential tools for independent living. Adults and older people: Championing Rights and Inclusion: Volunteers provided dedicated advocacy for people with learning disabilities, ensuring their voirEs were heard and their rights upheld. Bridging the Digital Divide: Delivered on8-to-one technical support for older people, empowering them to stay connected and confident in using digital tools. Shaping Services Through Lived Experience: Actively contributed as members of the Ageing Well Lived Experience Advisory Group, helping to inform and improve services through first-hand insight.
IMPACT INITIATIVES {Limitsd By Guarantea) TRUSTEES REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2025 Brlnging tho Communty Together. Played a key role in developing and delivering engaging events for the Ageing Well Festival, fostering connection, creativity and celebration across the ity's older population. Other volunteer support Informal volunteers and local businesses provided vital support across fundraising efforts contributing to the design of marketing materials, event delivery, and income generation initiatives. Our Trustees collectively contributed over 440 hours, actively participating in board and finance committee meetings, offering strategic support to the CEO, and engaging in external networking to raise the organisation's profile and attract new supporters. FINANCIAL REVIEW Income increased during the year to £3,421,557 from £2,992,199 in 2023124. This increase can be mainly attributed to the expansion of our Lived Experien training programme, higher rentals being received in the Stopover properties along with the opening of another new house in Worthing at the end of the year and a generous legacy being received into the HOP café. At the beginning of the 2024125 year a deficit of £41,674 was forecast. The actual result was deficit of £6,760. The improvement during the year was a combination of additional granl income and reduced payroll costs in some of the services, however these were counteracted by reduced income and increased payroll costs in others. There is no single factorthat can b8 held specifically accountable. For 2025126 a small deficit of £4,986 has been budgeted, based on confirmed income al the beginning of the year and a prudent budget for expenditure. This was achieved following the revision of seNices along with some restructuring which was required to cover Ihe increased financial pressures that lrnpact are now facing, which included an approximate £50k increase in the National Insurance conlributions for 25126. However, at the date of this audit report, a surplus is expected following some additional funding that has been awarded and a further paym6nt relating to a legacy. The charity remains active in its search for new funding and will consider working with partners without compromising its financial integrity. Rigorous cost control remains in place in all of our projects. We have a clear plan for the future of the organisation including realistic development of services and new projects which meet the obj'ectives of Impact Initiatives whilst supporting those of the ity, district and county COLtncils and trusts. Pollcy on resérves and reserves held During the year the Trustees have continued to adopt the reserves policy agreed in the previous financial year. This is based on iisk identification, identifying existing funds and reviewing the surplusldeficits expected for the following 3 years. These are then reviewed in line with the extenl 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 ar8 presented quarterly at the Trustees meetings and the level of reserves required determined at each meeting. The reserves policy is reviewed annually and is an integral part of the planning, budgeting and for&casting cycle.
IMPACT INITIATIVES {Llmitsd By Guarantee) TRUSTEES REPORT (continued) FOR THE YEAR ENDED 31 MARCH 202S At the end of the financial year the level of reserves required using this rnethod was £298,291 and so the organisation is operating within the policy guidelines. At the end of the year the free reserves, as defined by the Charity Commission, were £265,124. This figure is derived from the General unrestricted funds of £449,720 plus the mortgage on the property of £368,188, less the net book value of our assets, £552,784. The strategy has been to build reserves by building unrestricted income through diversifying our income streams and fundraising along with making costs savings where possible However, cost of living issues and utilities increases have made thi5 more difficult than planned. The recruitment of a business development manager was key in addressing this issue and is still a priority going forward. Golng concern and cash flow There is a smaller deficit this year than was originally expected and. whilst a small deficit budget was also set for 2025126, steps have already been taken and funding opportunities are continually being sought with the result that this has already been transformed into a surplus. The Trustees are confident that the result will continue to improve a5 the year progresses. Going concern has been reviewed in detail in light of the uncertainty relating to the cost of living crisis. Cashflow forecasts for longer periods are 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 a month-by-month basis, and should this situation change, then the Trustees would take the appropriate steps. The Trustees are confident that the charity will remain a going concern for the foreseeable future, and thesè financial statements have therefore been prepared on a going concern basi5. PLANS FOR FUTURE PERIODS Plans for the forthcoming year The strategic plan will be implemented and will indude developments in our existing services alongside new projects. Throughout 2025-2026 we will: Maximlse Use of the Young People's Cèntre: Continue with planned renovations to enhance the building's functionality, enabling us to host more partner organisations and foster greater cross-sector collaboration. Prapare for Supported Housing Commissioning in West Sussex.. strengthen our position by maintaining a strong Ofsted record. leveraging our reputation, and deepening strategic relats'onships across the region. Increase Unrestricted Reserves.. Pursue new opportunities to grow unrestrictèd income by building on partnerships with supportive businesses and expanding income-generating services. 10
IMPACT INITIATIVES (Limited By Guarantee) TRUSTEES REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2025 Engage with Sussex Devolution Planning: Ensure active participation in key nthorks to amplify the voices of our organisation, Service users, and the wider VCSE sertor during the devolution process. Strengthen Cross-sector Collaboration= Deepen relationships with other sector organisations, building on existing Contract Leads collaboration to prepare for future NHS (ICB) commissioning and drive innovation in mental health support for children and young people. STRUCTURE, GOVERNANCE AND MANAGEMENT Legal Constitution The charity was incorporated on 29 November 1978 as a company limited by guarantee and is govemed by its Memorandum and Articles of Association. The charity is limited by guarantee and has no share capital. The charity was registered with the Charity Commission on 30 April 1979 under registration number 276669. The charity changed ils name from PACT Community Projects Ltd to Impad Initiatives with effect from 26 November 2002. Organisatlonal structure and how decisions are made The CEO and Senior Leadership Team (SLD conduct the day-to-day business of the charity, reporting quartedy to the Trustees. Several Trustees assist the SLT either directly or through both long- and short-term working groups. Thè Central team provides back-office infrastwcture support and management, ensuring our ServIS deliver frontline support effectively and efficiently, and that they comply with their contractual and legal requirements and funders, needs. We have a clear policy and procedure laying out how we manage financial risk and who is responsible for agreeing and signing off financial agreements. Impact Initiatives Central Team provides managemerrt of and support for finanrE, information teGhnology, human resour5, administration, marketing and fundraising. This is a cost-effective way of the services having consistent professional support and enables them to focus on the setvice provision. 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 that the Trustees set clear aims and objectives, establish priorities, safeguard the charity's assets and use them effectively and exclusively for th8 benef5t of the organi5ation'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 lo the board either to fill a casual vacRncy or as an addition to the board. Emergency decision procedures are in place, which always involve the chair plus a second truslee.
IMPACT INITIATIVES (Limited By Guarantee) TRUSTEES REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2026 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 overview of the organisation's operation and compliance with agreed strategies and business plan. The finance committee, which all Trustees are invited to attend, meets as required. In addition, the hair meets regularly with the CEO. The Trustees set OLrt on page 1 have held office during the whole period from 1 April 2024 to the date of this report, unless othemse stated. In aordan with the Articles of Association, one third of the Trustees retire annually and are eligible for re-election at the annual general meeting. Each member has agreed to contribute £1. All Trustees are members. Recruitrnenl inductlon and training of Trustees ImpaGt Initiatives Equity, Diversity and Inclusion policy applie5 to the recruitment of Trustees except where specialist knowledge or skills, or representation of a geographic area, has been identifi'ed to enhance the capacity of the board. In these circumstances, individuals with appropriate skills or background would be approached directly. We continue to work to encourage service users, or those with direct experience and understanding of the issues our Servi users fa¢e, lo become Trustees. New Trustees are recommended for appointment by the Ghair and adopted subject to their appointment being confirmed at the annual general meeting. The board's performance is reviewed annually by the chair. Trustees are offered intemal training and the opportunity to attend relevant seminars or presentations directed at the voluntary sector during the year. All are encouraged to attend the briefing by the Finants Manager and auditors and adoption of the annual accounts. Key risks to Impact's business continuity are= Contracts ending and not being renewed Los5 of key members of staff Loss of key sourtss of income Loss of a building through fire or other disasler Damage to the organisation's reputation We have a clear risk management policy and disaster recovery plans for the organisalion 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 Finance 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 ar more often as required. Where risks are identified, a plan is agreed to minimise them and any neSSary controls idents'fied and put in place along with a monitoring process. Potential new servi$ and projects are risk assessed prior to committing to the submission of tender documentation or legally binding costs being incurred. 12
IMPACT INITIATIVES {Limited By Guarantee) TRUSTEES REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2025 The Trustees. risk management strategy comprlses of the following: A six-rnonthly reviéw of the risks to the charity via the live Risk Register. The establishment of systems and prOdureS that will mitigate risks identified in the review. The implementation of procedures designed to minimise any potential risks to the charity should they materialise. Disaster recovery plans for all aspects of the organisation are reviewed at least annually, and a policy is implemented aGross all services. Staff have been made aware of and understand their specific responsibilities. Contracted HR and Health and Safety expertise to oversee all aspects of these areas. lrnpact Initiatives continues to invest in health and safely training and has contractor's Health and Safety scheme (CHASI accreditstion 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 staff Th& board of diredors. who are the charity's Trustees, and the Chief Executive OffIr comprise the key management personnel of the charity in charge of directing and Gonlrolling, running and operating the charity on a day-to-day basis. All directors give of their time freely and no director received remuneration in the year. Details of directors. expenses and related party transactions are disclosed in note 12 to the arKounts. The pay of the senior staff is reviewed annually and normally increased in accordan with average eamings in the local voluntary sector. Statement of Trustees responsibilities The law applicable to charitable companies in England and Wales requires the Trustees, who are also the directors of the charily, to prepare financial statements for each year which give a tnje and fair view of the state of the charity's financial activilies during the year and of its financial position at the end of the year. In preparing financial statements giving a true and fair view, the Trustees should follow best practice and.. Select suitable accounting policies and then apply them consistently, Make judgments and estimates that are reasonable and prudent, • State whether applicable United Kingdom accounting standards and statements of recommended practice have been 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 that the charity will continue in operation. The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which enable them to ensure that Ihe financial statements comply with the Companies Act 2006 and the Charities Act 2011. They are also responsible for safeguarding the assels of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularitie5. 13
IMPACT INITIATIVES (Limitsd By Guarantee) TRUSTEES REPORT (ntinued) FOR THE YEAR ENDED 31 MARCH 2025 Disclosure of Infomiation to 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 infomiation and that there is no information relevant to the audit of which the charity company's auditors were unaware. Audltors A resolution to reappoint TC Group will be considered at the forthcoming Annual General Meeting. Public Benefit statsment The Trustees have reviewed the objectives and activities of the organisation against the Charity Commission's guidance on public benefit and are satisfied that the organisation meets the public benefit criteria. This report has been prepared in accordance with the small companies, regime of the Companies Act 2006. Approved by the TrLtstees on 219t October 2025 and signed on their behalf by Neil Moscrop as chair. N Moscrop Chair 14
IMPACT INITIATIVES (Limitsd By Guarantea) TRUSTEES REPORT {¢ontinued FOR THE YEAR ENDED 31 MARCH 2025 INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF IMPACT INITIATIVES We have audited the ftnancial statements of lrnpact Initiatives (the 'charitable company) for the year ended 31 March 2025. The financial reporting framework that has been applied in their preparatlon is appliGable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard 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 mpanY'S affairs as at 31 March 2025 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended., have been properly prepared in accordan with the requirements of the Companies Act 2006,. and have been prepared in accordance with United Kingdom Generally Accepted Accounting Practice. Basis for opinion We ¢onducted our audit in accordan with Intemational Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditorfs 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 that are relevant to our audit of the financial statements in the UK. including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditingthe financlal statements, we have concluded that the Trustees use ofthe going concem basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed. we have not identified any material UnrtaIntieS relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable incorporated organisation's ability to continue as a going concern for a period of at least e1ve months from when the financial statements aré authorised for issue. Our responsibilities and the responsibilities of the Trustees wtth respect to going concern are described In the relevant sections of this report. Other Infomiation The Trustees are responsible for the other infomation. The other infomiation comprises the infomation included in the Trustees, annual report, other than the financial statements and our auditor's report thereon. Our opinion on the financial statements does not cover the other information and, except io the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. 15
IMPACT INITIATIVES (Limited by Guarantee) AUDITORS REPORT FOR THE YEAR ENDED 31 MARCH 2025 In connection with our audit of the finan¢ial statements, our responsibility is to read the other information and, in doing so, Consider whether the other information 15 materially inconsistent with the financial statements or our knowledge obtain8d in the audit or otherwse appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in th8 financial statements or a material misstatement of the other information. If. based on the work we have perfomied, 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 this regard. Opinions on othor 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 the Trustees, report for the financial year for which the financial statements are prepared is consistent with the financial staternents., and the Trustees, report has been prepared in accordanGe with applicable legal requirements. Matters on which we are required to report by exception In the light of our knowledge and understanding of the charitable incorporated organisation and its 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- adequat8 accounting records have not been kept, or returns adequate for our audit have not been reiVed from branches nat visited by us- or the financial statements are not in agreement with the accounting records and returns., or certain disclosures of Trustees, remuneration specified by law are not made., or we have not received all the information and explanations we require for our audit. Responsibilitles 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 fair view, and for such internal control as the Truste8s determine is ne$sary to enable the preparation of financial ststements that are free from material misstatement, whether due to fraud or error. Ill preparing the financial statements, the Trustees are responsible for assessing the charitable incorporated organisation's ability to continue as a going concem, disclosing, as applicable, matters related to going concem and using the going conrn basis of accounting unless the trustees either intend lo liquidate the charitable incorporated organisation or to cease operations, or have no realistic altemative but to do 50. 18
IMPACT INITIATIVES (Limited by Guarantea) AUDITORS REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2025 Audito$ responsibllities for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether Ihe financial statements 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 assurants but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a rnatertal misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate. they could reasonably b8 expected to influence the economic decisions of users taken on the basis of these finanGial statements. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at.. https'.Ilww.frG.org.uklOur-WorklAudtUAudit-and- assurancelStandards-and-guidanolStandards-and-guidan¢e-for-auditorslAuditors- responsibilities-for-auditlDescription-of-auditors-responsibilities-for-audit.aspx. Thi5 description forms part of our auditorfs reporL Irregularities, including fraud, are instances of non-compliance with laws and regulations. The extent to which our procedures are capable of detecting irregularities, including fraud. is detailed below. Extent to which tho audit was considered capable of dotscting irregularitles, including fraud The objectives of our audit, in respect to fraud, are= to identify and assess the risks of material misstatement of the financial statements due to fraud,. to obtain sirfficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud, through designing and implementing appropriate responses- and to respond appropriately to fraud or suspected fraud identified during the audit. However, thè primary responsibility for the prevention and detection of fraud rests with both those charged with governan of the entity and its rnanagement. Our approach was as follows.. We identified areas of laws and regulations that Gould reasonably be expected to have a material effect on the financial statements from our general sector experience, and through discussion with the Trustees and other management las required by auditing standards), and discussed with the Trustees and other management the policies and procedures regarding compliance with laws and regulations {see below)., We identified the following areas as those most likely to have such an effect.. health and safety- General Data Protection Regulation IGDPR)-, fraud,. bribery and corruption. and employment law. Auditing standards limit the required audit procedures to identify non- compliance with these laws and regulations to enquiry of the Trustees and other management and inspection of regulatory and legal correspondence, if any. The identified artual or suspected non-compliance was not sufficiently significant to our audit to result in our response being identified as a key audit rnatter. We considered the legal and regulatory frameworks directly applicable to the financial statements reporting framework (FRS 102 and the Charities Acl 2011} and the relevant tax compliance regulations in the UK., We considered the nature ofthe charity's operations, the control environment and financial performanGe. We communicated identified la and regulations throughout our team and remained alert to any indications of non-complian throughoLrt the audit., 17
IMPACT INITIATIVES (Limited by Guarantee) AUDITORS REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2025 We o)nsidered the procedures and controls that the charity has estsblished to address risks identified, or that OtheIse prevent. deter and detect fraud,. and how senior management monitors those procedures and controls. Based on this understsnding we designed our audit prOdureS 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 joumals- reviewing the financial statement disclosures and testing to supports'ng documentation- performing analytical procedures-, and enquiring of management, and were designed to provide reasonable assuran 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 may not have detected sorne material misstatements in the financial statements, even though we have property planned and performed our audlt 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 staternents, the less likely the inherently limited procedures required by auditing standards would identify it. The risk is also greater regarding irregularities occurring due lo fraud rather than error, a5 fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. We are nol responsible for preventing non-cOMlance and cannot be expected to detect non-compliance with all 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 slate to the charitable Gompany'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 b¢xly, for our audit work, for this report, or for the opinions we have formed. Mark Cummins FCCA (Senior Sts For and on behalf of TC Group Statutory Auditors offi.. Steyning ry Auditor) Dated.. io ??5 18
IMPACT INITIATIVES (Limited by Guarantee) STATEMENT OF FINANCIAL ACTivrriES (including Income and Expenditure Account) FOR THE YEAR ENDED 31 MARCH 2025 Unrostricted Rostricled Total Funds Total Funds Funds 2025 2024 Funds Notes INCOME from: Voluntary income Activities for ralsing furKIs Charitable activities Investment Income Total income 22,987 238,296 261,283 222.659 364,138 25,519 389,657 259,171 2,632,629 128,877 2,761,506 2,503,133 3 028 865 392 692 3 421 557 2 992 199 EXPENDITURE on: Raising funds Charitable activities 46,304 46.304 49,239 3013415 368 598 3 382.013 2 998 201 Total expenditure 3 059 719 368 598 3 428 317 3 047 440 Net incomellexpenditure) and net movement in fund5 forthe year (30,854) 24,094 {6,760) 155,241 Reconclllation of funds Total funds brought forward 480 574 577 381 632 622 Total funds carried forward 20 120 901 570 621 577 381 The statement of financial activities also complies wrth the requirements for an income and expenditure account under the Companies Act 2006. All activities are classified as continuing. There are no recognised gains or losses other than those reported on the Statement of Financial Activities 19
IMPACT INITIATIVES (Limlted by Guarantee) BALANCE SHE AS AT 31 MARCH 2025 Notes 2025 2024 FIXED ASSETS Tangible assets 15 552,784 560,388 CURRENT ASSETS Debtors 16 257,232 400 775 75,789 Cash at bank 658.007 516,885 CREDITORS Arnounts falling due within one year 17 282 211 131608 NET CURRENT ASSETS 375 796 385 277 TOTAL ASSETS 928,580 945.665 CREDITORS Amounts falling due after one year 18 357 959 368 284 NET ASSETS 570 621 577 381 The funds of the charity.. Unrestricted income funds Restricted income funds 20 20 449.720 120 901 480,574 Total charlty funds 570 621 577 381 These financial statements have been prepared in accordan with the special provisions of Part 15 of the Companies AGt 2006 relating to small companies and Gonstitute the annual accounts required by the Companies Act 2006 and are for circulation to the members of the charitable company. The notes at pages 22-35 fomi part of these accounts. Approved by the Trustees on 2191 October 2025 and signed on their behalf by- N. Moscrop Chalr Company number 01402892 20
IMPACT INITIATIVES (Limited by Guarantee) STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 Notes 2025 2024 Net cash inflowl(ouffiow) from operatlng activilies 979 Cash flows from Investing aotivitles Capital expenditure Interest income Interest Paid 15 (14,539) 9,111 (8,156) 7,238 Net cash provided byl (used in) investing activities (31,596) (27,907} Cash flows from financing activities Mortgage repayments Net cash provided byl (used in) financing activities Change in Gash and cash equivalent5 in the year Cash and cash equivalents at the beginning of the year 441096 503718 Cash and cash equlvalents at the end of the year 400 775 Analysis of cash and Gash equivalents At1 April 2024 Cash flow Non- cash changes At31 March 2025 Cash at bank and in hand 441096 400 775 21
IMPACT INITIATIVES (Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 q STATUTORY INFORMATION Impact Initiatives is a charitable company, limited by guarantee, registered in England and Wales. The charitable company's registered number and registered Offi address can be found on th8 legal and administrative information page. 2 ACCOUNTING POLICIES The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows: a) Basis of preparation The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their a¢wunts in accordance wilh the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS1021 (effective 1 January 2015} Charities SORP {FRS102), the Financial Reporting Standard applicable in the UK and Republic of Ire12nd (FRS102) and the Companies Act 2006. Impad Initiatives meets the definition of a public benefit entity under FRS102. Assets and LiabilÈties are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note{s). There are no material uncertainties about ImpaGt Initiatives ability to continue as a going Goncern. The financial statement5 are prepared in sterling, which is the funrtional currency of the Gharity. Monetary amounts in these financial slalements are rounded to the nearest £. bl Income recognltlon policieg Items of income are recognised and included in the accounts when all of the following criteria are met.. The charity 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 income is considered probable,. and the amount can be measured reliably. Income received in advance of the provision of a Specified service is deferred until the criteria for inGorne recognition are mel (see note 191. c} Critical accounting estimates and judgaments In the application of the charity's accounting policies, the Trustees are required lo rnake judgements, estimates and assumptions about the carying amount of assets and liabilities that are not readily apparent from other SoUrs. The estimates and associated assumptions are based on historical experien and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised. 22
IMPACT INITIATIVES (Limlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS {continuedJ FOR THE YEAR ENDED 31 MARCH 2025 The Trustees do not consider that there are any critical estimates or areas ofjudgement that need to be brought to the attention of the readers of the financial statements. d) Donated services and facllltles Donated professional services and donated facilities are recognised as income when the charity has control over the item, any Conditions associaled with the donated item have been met, the receipt of economic benefit frorn the use by the charity of the item is probable and that economi benefit 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 infomiation about their contribution. On re¢eipt. donated professional services 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 economic benefit on the open market,. a corresponding amount is then recognised in expenditure in the period of receipt. 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 notifi'cation of the int&rest paid or payable by the Bank. n Fund accounting Unrestricted funds are available to spend on adivities that turther any of the purposes of charity. Designated funds are unrestricted funds of the charity which the Trustees have decided at their discrelion to set aside to 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 worf<. gl Expenditure 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 publicity costs attributable to the raising of all voluntary income. Fundraising trading.. cost of go¢)ds sold and other costs include the cost of running the cafes at Hop50+ Charitable activities costs include the direct and indirect running costs of the various projects. Governance costs include those costs associated with Meeting the constilutional and statutory requirements of the charity and include the audit fees and costs linked to the strategic management of the charity. Support costs represent the running costs of a central office to manage and adrninister the projects including the functions of genèral management, payroll and administration, budgeting and accounting, information technology and human resources. They are allocated across the categories of charitable expenditure and projects on a proportion of time spent upon them 23
IMPACT INITIATIVES (Limlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS {continued) FOR THE YEAR ENDED 31 MARCH 2025 h) Tangible fixed assets Individual fixed assets costing £1,000 or more are capitalised at Gost and are depreciated over their estimated useful economic lives on a straight line basis as follows.. A55et Category Freehold property Fixtures & Fittings Motor vehicles 8ike2Work Annual rate 15% 100 330 1> Operating leases Rental costs under operating leases are charged to the Statement of FinanGial Activitie5 on a straight line basis over the period of the lease. j} Debtors Trade and other debtors are recognised at the settlement arnount due. Prepayments are valued at the amount prepaid. k) Cash at bank and in hand Cash at bank and Gash in harKI includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or sirnilar account. l} Creditors and provisions Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the arnount due to settle the oblatIon can be measured or estimated reliably. Creditors and provisions are nomally recognised at their settlement amount. ml Penston costs Contributions payable to the cornpany's pension schem8s are charged to the Statement of Financial Activities in the period to which they relate (see note 23). 3 LEGAL STATUS OF THE CHARITY The Charity is a company limited by guarantee and has no share capital. In the event of the Charity being wound up, the liability in respe of the guaranlee is limited to £1 per member of the Charity. The authorised membership of the charity is 500. At 31 March 2025, the membership was 11 {2024- 20). The Chartty is under the control of the Trustees. 24
IMPACT INITIATIVES (Limlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS (continuedl FOR THEYEAR ENDED 31 MARCH 2025 4 VOLUNTARY INCOME 2025 Total funds 2024 Total funds Unrestrictsd Restricted Donations Grants Legacy In¢orne 2,987 50,948 187,248 100 238 296 53,935 187,248 45,255 172,404 22 987 261283 222 659 The Charity benefits 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 IFRS 102). the economic contribLrtion of general volunteers is not recognised in the accounts. 5 ACTIVITIES FOR RAISING FUNDS 2025 Total 2024 Total Unrestricte Restricted funds funds Accommodation and roorn hire Fees for servirks Catering r8Geipts 51,353 247,008 51,353 272,527 58,804 131,441 25,519 389 657 259 171 25
IMPACT INITIATIVES {Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2025 6 INCOME FROM CHARITABLE ACTIVITIES Unrestri¢tsd Restricted 2025 Total 2024 Total West Sussex County Council- via Aldingbourne Trust Brighton & Hove City Council Brighton & Hove Food Partnership Canlerbury Christ Church University Children in Need East Sussex Fire & Rescue London Leaning Consortium Sussex Community Foundation NHS Trust West Sussex County Council NHS Sussex ICB NHS East Sussex CCG Brighton and Hove Ctty Council - via Pohwer University of Brighton University of Sussex Housing Support Rent and amenities Client contributions other 113,959 1,089,264 113,959 77.518 1,166,782 5.775 5,775 167,175 920,138 4,167 34,197 5.000 (5781 79,092 143,373 15,272 37,984 53,256 79,092 79,092 81,350 45,620 48,960 81,350 45,620 48,960 76,350 48,960 2,000 3,625 132,338 875,493 11,801 3,600 156,498 986,661 4.904 3,600 156,498 986,661 4,904 2 632 629 128 877 2 761506 2 503 133 26
IMPACT INITIATIVES (Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS Icontlnued) FOR THE YEAR ENDED 31 MARCH 2025 7 ANALYSIS OF ACTIVITIES AND SUPPORT COSTS Staff Depreciation Cos18 other Costs 2025 Total 2024 Total Costs of raising funds Voluntary income Support costs Financing Costs Fundraising trading Total costs of generating funds 15,232 1.107 26,168 268 15,232 4,636 26,168 268 21,758 6,616 26.987 494 3,529 Charilable activities Activities undertaken directly Payment5 to partners Support costs Total charitable activities 1,517,962 6.991 856,509 2,381,462 2,175,146 610,424 610,424 376 708 403,038 402 792 286 759 1804 721 22 143 1541730 3 368 594 2 980 976 Governance costs Total resourcos expended 1808 250 22 143 1597924 3428 317 3 047440 Governance costs comprise audit & accountancy fees for the year together with AGM costs. Payrnents to partners relates to payments made to partner organisations. The Ageing Well Contract is a collèction of 8 charities who deliver older people services across Brighton & Hove including the HOP 50+ Impact Initiatives co-ordinates and Manages the funding for these organisations. Other paymenls to partners relate to payments made out from the Sussex Community Foundation funding which Impact Initiatives manage the funding for. 8 SUPPORT COSTS Cost of raising funds Charitable activities Governance costs 2025 2024 Total Total Hurnan resources Establishment costs 3,529 564 285,625 45,710 1,134 290,288 182 46,456 307,455 47,952 Office and administration 543 174 44 600 375 218 1490 381 344 409 408 All support costs are based on a project by project management review of estimaled usage of central staff time. 27
IMPACT INITIATIVES (Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS Icontinued) FOR THE YEAR ENDED 31 MARCH 2025 9 NET INCOMEI(EXPENDITURE) FOR THE YEAR 2025 2024 This is staled after charging: Depreciatlon of tangible fixed assets Auditors, remuneration - audit fees Amounts payable under operating leases, land and buildings 22,143 13,419 341451 20,646 10.609 318 827 10 ANALYSIS OF STAFF COSTS AND TRUSTEE REMUNERATION AND EXPENSES 2025 2024 Salaries Social security costs Pension contributions 1,643,399 131,577 1,573,915 120,457 1808 250 1726 189 One employee received remuneration in the banding of £70,000 to £80,000 {2024- 1 ). The total employment G05ts {including employers national insurance and pension contributions) of Senior Management was £91,10612024 - £83,054). The total employers pension contributions were £1,321 {2024- £1,321). During the year there were no payments made in regards to the termination of employment 12024- £21,853). None of the Trustees received remuneration from the charity during the year {2024 - £nil). A total of £nil was paid to Trustees during th& year as reimbursement of travel expenses12024 - £475}. No amounts were due to or from the Trustees at the balance sheet date {2024 - £nil). 11 STAFF NUMBERS The average monthly head count was 106 staff (2024- 111 staffj and the average monthly number of full-time equivalent employees (including Gasual and part-time staff) during the year were as follows.. 2025 Number 2024 Number Administration Project staff 50 46 57 52 The charity participates in an insurance policy which proteds the charity from loss arising from the negligence of its employees and indemnifies employees against the consequences of such negligenGe. The cost to the charity of this insurance was £12,008 (2024- £12,008). 28
IMPACT INITIATIVES (Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS Icontinued) FOR THE YEAR ENDED 31 MARCH 2025 12 RELATED PARTY TRANSACTIONS Apart from the Trustee expenses, mentioned in note 10, there were no other related party transactions durfng the year to report. 13 GovERNMEr GRANTS Income from government grants comprises performance related grants made by local authorities to fund specrfic 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 and most of its income falls within the exemptions under Part 11 ofthe Corporation Tax A¢t 2010. 15 TANGIBLE FIXED ASSETS Freehold Motor Flxtures & Vehicles Bike 2 Work Totals Property Fittings COST At April 12024 Additions At 31 March 2025 757,601 41,012 2,587 1.853 803,053 757 601 817 592 ACCUMULATED DEPRECIATION At April 12024 Charge for year At 31 March 2025 220,470 20.505 388 1,302 321 242,665 235 622 264 808 NET BOOK VALUES Al 31 March 2025 521979 230 552 784 At 31 March 2024 537 131 551 29
IMPACT INITIATIVES (Limited by Guarantse) NOTES TO THE FINANCIAL STATEMENTS (contlnued) FOR THE YEAR ENDED 31 MARCH 2025 16 DEBTORS 2025 2024 Trade debtors Other deblors Prepayments Accrued Income 140,617 72,585 19,950 35,679 4,113 257 232 17 CREDITORS: Amount5 falling due wilhln one year 2025 2024 Deferred income and accruals (see note 19) Trade Creditors Other creditors VAT Mortgage Income tax and social security payments 138.188 82,397 14,086 6,790 10,229 52,247 29,892 7,044 6,816 9,608 282211 131 608 18 CREDITORS: Amounts falling due after one year 2025 2024 Mortgage - repayable within.. 1 to 2 years 2 to S years Over 5 years 10,974 44,292 302 693 357 959 10,229 38,853 319 202 368 284 On 19 July 2018 a charge was made against the YPC building on Ship Street for a mortgage to purchase the property in St Andrews Road. 19 DEFERRED INCOME The deferred income included in nole 17 above is broken down as follows: Deferred income at 1 April 2024 Released in the year Deferred in the year Deferred income at 31 March 2025 15,272 (15,272) 30
IMPACT INITIATIVES (Limited by Guarante8} NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2025 20 ANALYSIS OF CHARITABLE FUNDS Analysis of movements in unrestricted funds Balance at Incomlng 1 April Resources 2024 Outgoing Support Transfers Project Costs Costs Balance at 31st March 2025 General fund Hop50+ Ageing Well Food Access Advocacy Advocacy Brighton Lived Experience Trainers 441,W4 60,517 343,508 786,797 40,000 21,568 {438,041) 367,361 <303,075) (48,402) (745,914} (26,2851 (35,485) (5,217) {5,186) (16,225) (53,775) (5.380) 1140) 7,969 114,598) 702 (157) 10,195 431,601 48,960 108,256 1101,085) (10,164) 2,993 Workability West Sussex Wasp YPC Propety cyp Safety Nel Emotion Home Safety Stopover 120,163 (113,760> {11,386) (22,360} (5,304} (19.865) (7,560) (115,421) (16,438) (76.434) (11,085) (48,854) 18,977) {27,604} {4,1461 932 309 190 792 4.983 5,900 41,476 101,181 69,581 76,350 33,000 1 171608 21,764 (14,051) 30.678 17,938 (18,519) (1,250) 441904 3 028 865 3 039 168 Designated lunds IT Repla*menl fund 23.700 {6,804) 16,896 Dilapidation fund 480 574 3 028 865 3 059719 449 720 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 to reflect the ongoing realily 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. 31
IMPACT INITIATIVES {Llmited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS (contlnued) FOR THE YEAR ENDED 31 MARCH 2025 20 ANALYSIS OF CHARITABLE FUNDS- continued The Dilapidations reserve has been set 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 refurbishrnent work on the Ship Street building. Analysis of movements In restricted funds Balance al 1st Incoming April 2024 Re-sources Outgoing Project Costs Balance at 31¥t March 2025 Hop50+ Ageing Well Day Centre Fund Advocacy Advocacy Brighton Lived Experience Trainers Wasp Safety Net cyp Emotion Ypc YPC Restoration Fund YPC Shared Prosperity Fund Workability Workability Brighton Food Access Home Safety Stopover 12,132 22,720 200 119,605) 1200) (4,101) (129,115) (24) {550) 113,000) (15,942) 161,109) {25,955) (5,870) {19,560} 15,247 27,104 28,600 23,003 32,604 133,119 24 550 13.CQO 25,242 63,711 25,955 5,870 9,300 3,600 998 19,560 9,182 (5,104) 4,078 98 49,222 (98) {20,153) 29,069 7,413 19.114 35 (26,527) 135) 392 692 368 598 Restricted funds are funds that Gan only be used for specific purposes within a particular service. HOP 50+ balance is made up of 8CIfiC fundraising for refurbishment at the HOP 50+ Café and cenlre. The Day Centre Fund is minibuses whiGh were donated by the Valerie Munday Twst for use in any of our day centre Servi8. Advocacy includes 2 grants from the Henry Smith Foundation. The Wasp restricted fund consisted of a grant from Children in Need. The CYP includes funds reiVed from Ihe Blagrave Trust along with a number of other sources. Safety Net comprises funds received from BBC Children in Need along with other sources. Ernotion also comprises funds from BBC Children in Need 32
IMPACT INITIATIVES (Limitsd by Guarantee) NOTES TO THE FINANCIAL STATEMENTS (condnued) FOR THE YEAR ENDED 31 MARCH 2025 20 ANALYSIS OF CHARITABLE FUNDS - continued YPC income comprises income from Active Sussex and the Blagrave trust during the year. The YPC Restoration Fund is a grant from the Youth Investment Fund to fund work on the building. The YPC Shared Prosperity Fund is also funding works to the building. Workability Brighton comprises funds from Brighton and Hove Council via the Shared Prosperity Fund. Food AcsS is Household Support Funding from Brighton and Hove City Council for the Servi lo distribute as food vouchers across the city. Stopover comprises grant income from the Ambergate Charitable Trust for a support worker, funding from Centrepoint and some donations. 21 ANALYSIS OF NET ASSETS BETWEEN FUNDS Fund balances at 31 March 2025 are represented by: Unrestricted Funds Restricted Funds 2025 Total Tangible fixed assets Net current assetsl(liabilities} 536,378 16,406 552,784 449 720 120901 570 621 Fund balances at 31 March 2024 are represented by: Unrostricted Funds Restricted Funds 2024 Total Tangible fixed assets Net current assetsl(liabilit188) 539,881 20,507 560,388 480 574 577 381 22 COMMITMENTS UNDER OPERATING LEASES At 31 Marth 2025. the charity was committed to making the following payments.. 2025 2024 Operating leases which expire: Within one year Between 2 and 5 years 12,526 16,746 The charity has rental Commitments on ten houses within its Stopover service. The contracts have a 6-month notice clause from each paty. The figures above do not include these commitments. 33
IMPACT INITIATIVES (Llmited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2025 23 PENSION COMMITMENTS The charity 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 independently administered funds. The contributions payable at the year-end were £nil (2024- £6,704). Contributions paid during the year amounted to £86,846 (2024 - £82,854) 24 RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASH FLOW FROM OPERATING ACTIVITIES 2025 2024 Net movement in funds Add back depreciation charge Deduct interest income shown in investing activities (Increaselldecrease in debtors Increasel{decrease) in creditors Finan cost Nel cash used in operating activities (6,760) 22,143 (9.111) {181,443) 149,982 (55,241 > 20,646 (7,238) 33,786 (44,771) 979
IMPACT INITIATIVES (Limlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2025 2S ANALYSIS OF PRIOR YEAR STATEMENT OF FINANCIAL ACTIVITIES BY FUND Nole Unrestricted Restricted 2024 Total Funds INCOME from" Voluntary income Activities for raising funds Charitable activities 25,506 259,171 2,394,222 7,236 197,153 222,659 259,171 2,503,133 7,236 108,911 Inve5trnent Income other Income Total income 2 686 135 2 992 199 EXPENDITURE on.. Raising funds Charitable activities 49,239 2698311 49,239 2 998 201 299 890 Total expenditura 299 890 Net incomel(expenditure} and net movemènt in funds for the year (61,415) 6,174 155,241) ReconGiliation of funds Total funds brought forward 541 989 Total funds carrled forward 20 480 574 577 381 35