REGISTEREDCOIIPANY NUIABEIi" OIY92933 {England and Wales REGISTERED CHARITY NUMBER.. 296499 for IAIPSTART TRUST •ACCKKLZO' ANIES HOUSE tn85 Wats Es LLP JuniFW House W Hil &tgne5s CI113 3BE
IMPSTARTTRLST forllyt#r•nd•d 31 klarch 2tr23 Refer0 Athiinl¥iraU¥ Delalls Rewrtof fv Tnts Ind•pendgrA Exnlnefs Report Balante She4t 9 to 14 15
IMPSTART TRitsT forth• y•ar•thled 31 March 2023 M R Bcton M Cofii B A Cdlier MBE P J Pfinshall RwPtmBE K YourrfJ Ms J Bn"sco Unts Pthide23dthetrusidL M c. PJ Kyowwj dLW lo rgb're by lOn artd offer The TrLtees dgtwmine Ihe ot the ¢t•rity aThJ meet at least 3 times a year to rewew ihe 115 number and a Ch•'rnan rf it so VisPTre5. The &)ard the to incease or dase the nwnbw of rt5 mlt5 to the tides ofAs9"ats"(. Ihere ¢LwrWy 9 manber& B J SteAort Registrrod offi Junipw House Wwlw 11 Pwk The Orive CM13 38E R•gistsrnd company nwnb•r 01P933 (E•j ar¥JWs) Juniper House CM13 38E 8ankws HSBC 312 sen &"sterso Road Finsbury N4 2AW Pa98 1
The who are 4$0 the thnty ts the wrpws ofthe 2CKfj pret ther reFQrt with Ihe fin¥ncJ ststtynpmts ofthe dwtyftr ttEyearpAgd 31 M¥th 217 applIe to charitres wepanng thg"r a(K¥Jllts in acrxJr¢JwKt wth the FinarKyal Rwrtry Slandard awIalle in Ihe UK and Republic of Ireland IFRS 1(r21 (eff&Jive l Jarnjary 20191. TRUSTEES Bryan Collier MBE Peter Minshal TD Roy Prat M8E 8n.an siewart Ken Young Under Artide 23 of The TnJ5t C)eaJ the f(41uiThJ •eOJe to re Ken YoLmg and Bn"scie, Dueto Corcffla lfintsthe Amual Geral MeetiryJ has teen postponed. are due to re try rctstim Lr trSelveS for at The Annual G8n8ral Medng. The Trustees delumine Ihe gwal pc d the chan.ty med at least 3 t#nes a year to the overall manag¢t and ntrol for ¥e resp)wt4e. The Board a cha.rman amongst rts nLmbw aAd a Vice Chairynan rf rt so isfs. The Board has the fKF••V to incxease or numta d rts munters acco"n9 to the Artides of Associth"on, there are c#jIr 9 manbus. 06JEcmvES AND ACTPdTIES The Impst•t Tru. a Ccffipany limrted ty ty48Mee. is ty ffj mn8jum 8j Altides ofAwciaion. The o'ts ofthe Trwt are sul, mejrtal and spritu cap&2tits thattrw may gr¢YWto maty as irthiduals aThl mab#ts of sotity, To prwde or assst in the provison of fa(ale9 by reaw rf Ihwr y<xJth. disatlwnpmt. po¥ety. lx $rKaal and In shaping the Charibes O'ective5 and rAwnww acbmty'es the Tru5tee5 have c(ffiFileLI with the duty In section 17151 of the 2011 Chaiibe5 Aato hwe due rward to 9da wt4iknJ chle5 Ccfjwnisson Fwic 8efiL ACHIEVEMENTS AND PERFORMANCE The orkgcing dllenge offir0)r4J small chth.es ojntinues, theTnAI IMsfacal this issue ty ¥nun9 the inc1d of gwd$ and serrices wc¥Jd mlY have draj our meage fin1 resources b&"ng by rtjnats.on dservTrce or equipmwL ExamFles cl this ar Al staff are voluntews, the TrLk%t has rKs paid staff at all. A o)rrtinutyJs pICgrMe of tyant a"¢on$¥th ts"mrtthl C$S. There are wular don$ are cAY6istart ark1 tyal Fund raisiNJ ev•its we organkwj as and vthen Fwille Limitgj SFK)ns(Y5hip is receivwj 1$ wwated rj the'lmps. The aLtreS of ihe are exlewve OFwttiiity teng laken to 8Jwte (u yourvJ pwle in a wiety of imaginatwe ways., Wcrfld¥wde Travd, mttb'ng KffkJ"ng %bith many natS and cthres, tth'ng opportuTrty abroad to Vbsrt educ"onal eWere, study the h"story ano oJttsJe. A f1 range of kntUrc e¥perierw are into frcrn bad(Fo&Jng to white water rafting, high rope5 courses to ca¥irKJ all wrth troftsgonat irthJcors ¢)JtdcKJr gjucation tres. al in addtti.on to our ¢ore adNfLy.that of an Internationa Mrtryde Display Team. The Tru5tEe5 have exted their work 1th memr5 vtho cxyne from VLdnuablè famil by irrttraCJNe tykh par•ts ar h"a&rwJ T•th scthds arnj otal¢l$ for the tefft of such children. The Trustee8 consider that oi¥eXs of the TrL&sL thal the pro¥Asw)n cl "1ib"e$ being met by the TnJ51.
AAlult mants ofthe Tw&corrtinueto tyn&Yove Ihar sknls ty the wowson of exlwn81 aTrJ Èrrtwn TrainirnJ Programmes. There has teen a change of Icry stanthng Trairyng Palrws trtistuicalty the NSPCC via the Educare Prc¥Jrnnmèvh"Tch has teen taken 04er ty The fimes Ed"onl supFInrt %sith NSPCC. Safeguarding in SF¥yt and Rwxtab" Htth & Safety EMerg¢Y Fiist Aid Fwd HYgIe . Dats Piot&X¢( Prevent AJ¥J a numter ofotscowses that ow staff tvtefftfr(wn. Ow Safeguwdrhj Lead5 trairBJ by lacyto f% yeS run by the NSPCC and the Lctal Authorities Virtualy 1 stall are certifi&Y in Safeguarding, Fir# A'd and FTr)d Hy9¢ whilstmany staff have (rther lffj so a5 to be wippgjto wv4idethe best and gudar for our yourrfJ mernbers. The Trustee5 wish to that trEloll(Miry dcKrs and SUFPYtWs who have made rt p)sst4e ftr the oftrÈ Trust to C?)r"n Graham Oothidge Jre Wal - Roland Fmk. Bath Poke Swlzerf¥#l H stev & PE WocJs CnIae Trthst The Ja¢ Petthey FoJndats"on Dave Woods Canada Sifver Worl&Wide QharitaNe . Naunton Pronto Ffire . Joel Hopwtrjd media Group - EsJwaTd Barfthv . %)torfinty Chris CaLAkJ"n - Carol & Mike Keff(xd d many 01 vkno ¢xthtth finan(iaty or tty Wcmdng wvhxtothe Tn FINANCIAL REVIEW The Truee5 ReFQrt tlBt net rn0t offiJKJ5vrds £11.342 (X)21' £&825) 7Aith al0 of wrest fun(Js amounts"TrJ to £151,697121Y22'. £140,35SI. There are no matwial uncertainties as to the Clwity'sai¥bty to as an wing clxK. RESERVES POUCY The Board cowderthat tomairtanthe re5w¥es r*)t less Ilw £25.CIKI.(Kl lo £30.IXKI.00 to be appropnate to UHJC4ng Page 3
IMPSTART TRLIST forth&ye•r ended 31 March 2023 STATEMENT OF TRUSTEES RESPONSBIUTIES The Truees a resw1nse fof preparing Ihe annua rerAJt and the finanoa stataments ts each finanoal year. Under the lawthe Trustees have to we[ra slat&llerrts in tordance %wth Unitaj n9dCIn GallY Accept pttounts.ng Prnctti Iurutthl ngdoM Atnts"n9 Ss) all appltcl• l&vtO 9Ne a tft la"rviwof thè statè of affairs of Ihè Tru of its ofdefitit for Ihai WCJ. In maring tho fintial the Tr aTV Se1 suitat4e ¥¢£wnbng p.1)eS and Ilw aFptythtyn ¢ons•ity Makejudwerrts and estimates that are SOnatIe aThJ Prepare finarKiat Sla[DentS on the going bags $ it irwowietO PTesLThe that the Trust ¥%ill corth'we in ¢WaOn The Trustees are reSp(Sible for keeFiryJ Ounting fdS licti Osdose vith reaSonae uTary at any time the finanoal p)sition ofthe Trust and vh¥"¢ 8te thgn to ensure the finan04 statwneits to comFly wrth the Companies Ad120061. Tr Trustees are also respxjrrible for safeguardivJthe assds of The Trust and hen( forlakw¥J reasoftab St forthe F¥UbOn frajd Other irrLtes. INDEPENDETr EWINER Th? Board of Trustees aPFc4nt Jwn Shroff Hare5 W$ Chatwed Pawrtsrts a$ fv knrIes IridÈpendertt Examirw in £crdarre¥Aih Clause 47 the Tntsts A1idès crf Asstsj'aicm arbj ish to a¢ on r)y(Is its apprjaOn of valuatAe swvice5 to tIETnLs1. This Rwrt is wyed ardanC7 wowsitirts kn smdl C•mPls P¥(15 ofthè Companiés ApwovJ by ofthe td of ¢YI....... .. arKI on rts bthaW ty." Bnan St•*Art
Independentey2Mlffs veporttothe Iru5tses of Imp5tart TfLwI fthe Cixnwrf) I repgrttothe trtee$ on my eoninalbon olthe Of trthe year 31 Marth 23. Responslbllltles and basis of report As the cantys trustee5 ofthe C(rEFWry laTrJ ¥50 it5 1r5 kJrtr KwKxes ofccffl))y W you are resnsItIe the yeparal#)n ofthe accourts in aL¥Ordan %%ilh the reqiirtyn• cthe CunFwi¢s 2m8 Cihe 2(thAtt). Having $ab5fi myseiftW CLmpanyenot r•]uir&dto bea1j under Part 16ofihe 2006Ad an are digitAe fcf iThYependent examinab"on. I rèpJrt in of my examinats.on of ycmff thaws actounts a5 carried out under s'On 145 ofthe Charili&s Aci 2011 Ohe 2011 Att). In ca"n9 my eInab"On I the Thre.$ giverv by the Charity Cornmisgon 0 14451 (b) ofthe 2011 Pd Independent examlnorfs statem I have my È¥aminatm I confm tfAtMrnaliws IMvecto my attwts'1 in L¥)nwJjvlhÈtQrnlfiatIon giving me cause to befv'eve. aCcoung I0rd5 wwe not W in rfthe Crynpary as rwwr¢d ty ststh.on 386 ofthe 2C fvrt or the C0Slts do ncrt acrud k%ith th)se [rds. the a(uurts do not ccfflpty wih the accnting rgJillrwnwits of of thè 20C6 Acl other than any rwiiiwnent thattr •xzJurts gr¥e a tn aryjtsi View hid4 15 a m[ as p¥t d an indwdwrt eyamina"on". the acujunts have not ten wepar&J in actU¢jae ilh mdhods wnciples CO ts Statent of Rnrned Prac1[ n11n9 and rw>oilrig by d"t$ (ap.ble to Char"eS Fweparing thr in a¢Xrffdan ith the FirwM>al Rwb'FYJ &andwd apk4iraUe in lh¢ UK aTh1 RU1¢of11and IFRS f0211. th) LLe. J. Shr Haines Watts Essex LLP Chartered ActcJntants Jurmw House Warley Fl'll Bu5ine55 Park The Drive B¥(>0 Essex CM13 3BE Page5.
IIIPSTARTTRLtsT Statement of Flnaneial Actlvilie (Inc¢xpoAtlng an Income and EX(dIture Aeeourt) for UYrende 31 IAarth 2023 2023 iknr•strietsd fund Total fund$ Donations and legatses 76.899 77.540 Other tr8(ng adivthes 3.19) T4)ts1 118.483 80,730 Expènditure on CharKtabl• activit1•8 74.9)5 NET INCOME 11.342 s.5 Reconclllatlon of Total fvnds trfotpJrrt foTrAr 140.355 134.530 IS1.697 140,355 Page 6
IIAPSTART TRLT 31 Il•r¢h 2023 21123 Unxe5tricted fund 2022 Notes Fixed assets Tangible ass 131.425 134,609 Oebtors Prepayrnvts ac¢3ued in¢¢yne Cash at bank in hwd 12,381 2,793 3,737 1.207 26,073 18,911 Credito Arnounts fallg Oje wthin one year (48011 113.1651 Ng1 ¢wr¢frt •ss•ts 20,272 5,746 Total a8s•ts l•ss Current I514 1S1.697 140.355 NET ASSETS 151,697 140,355 10 Unre5trictgJ fur ISl.697 140,355 Total funds 151.697 140,355 ch3ritJle 15 tie0 aLKtrt urts Sedwx 4T1 d the Companw 2LKE for the year ended 31 Marth 2023. The Mbe[S have not reqLH(èJ the to £trtaFn an aurfrt of its finarKial stTrents for year endwj 31 March 2tr23 in accordance with Sedion 476 ofthe Ccmw4&s Ad 3M. {al ensuring that the thantae keqjs rec4xts that c(mtyy ith Sections 387 of the c(MpaTh Ad 20C6 aTh1 prepariThJ frnanoat St&an1$ vt•ch we a Ift fra e ofthe state of affaws of the tha11te o)mpany as at the &)d ol each finarYAa yeai and of ts surylus crf defiat tr eath finarTal year in accL)rdan wth the u1¥ of Sgaiorts 394 and wt•ch OthIse cxrfntdy ¥ith the of ts Ctsm18s 20(IS rdating to financi statanrt so far as apFAKatle to the s*an'tat4e rJJnpary. {bl The rK)les fonn part fjnaTria ststunuts
IIIPSTART TRLtsT 31 March 2023 sUbJt tothe smaN ctsmparues Th&fin•K4l stattynents we appr¢Ned &wdofTiusi¢es and Is$ on._.......................................... and re sigrl on rts tsthl ty. RW Prait MBE. Tr Page 8
IMPSTART TRUST forthe year ended 31 2023 B491s of preporirtg Ihè finaneiat lat•m•nts The finarKia, statnts of the dwrrtaile ctsnpary. bs a putfjc tefft undw FRS 1(r2. have been pfepaW in trfl1an ith Ihe Chitits SORP IFRS 1021'AcoyJrtiry and Rewmbng by ChanbE&." Slatgn&rt of Re¢omrnw)ded Prath"¢> apF4uNe to chth"es preparing th&racoxrts in axAYdarKewth thè Finanaa Repjrtsng Stsn¢Jard applitle in tr UK arnl Re"¢ of Irdand IFRS 1021 {effth l January 20191.. Fin() Rertst"ng Stsndard 102 Tr Finanaal ReyJb"ryJ Starxlard 4WKzbie inthe UK a1 Rewbkc of Irel andthe CL¥nparues t 21K. The fin8ncA 4¢nents have bé pr undw the histcffjcd o)st CcfjtlOn. ImF6tat Tnjst is a p¥rvate (Kfflpary linit8J ty gwntee in Englarhl a)d we. In the ol the chanty b&"ng wound up, the liat4ty in resFed of the guarantee is limit•1 to £1 per mttftber of the ch. The address of the Iwster Offi 15 Jwipw W•lei Flll ParK The On"ve. Brents. Essx CM13 The charity is a pubfic wttity. The ffinanc3 we eparj on a rArwn basis unO¥iho hisiMcl ¢c6t ¢)xNenl"on. The finaal Incorne probatle ttrot ihe inct¥ne il LE rKewJ and ttpwnourt t mÈasural rdia)ty. Gilts in kind are vau8J at a rS(alle estvnate crfthe gross val Thrfd exFe# to pay on the open mar Evant incomeis rwThsed. exdu¢SiThJ Value P4JdedTax, Onthe8¥t has been pfrned Any InCryneryed in advarts ofa perfomiarte is ¢JeJerr&J and as a IlIty on ttE t)n sh ÉxpBndiiur Liatslitiesare rwrus8J as eyydilweas SO astrwe is a b3al ctrve0IYtion crynMlj the charty to that exwiditure, it is tAobat4e thata trS1 OfeconlctWeffts be requtrwj the amwnt of thè cJligth"on b• Mea9j reli•. "tUre is acLy)urrted for an acryu4s bas aThJ has been classffjed uThJer ldir aggegate al cost rdat&J to ts calegcry. coas ¢anrwx b&dirY attribuied Chaiitable activilies ExpeSe5 dassfioj as Charitatye A.b&S rd¢Sr•to xlKv4irWJth¢"#WeS dthe tru< induding SUPFmxi Tanglbh flxed ass Deprats"0n is Fffci¢J at 1hefc4llng anrwl re5 in ¢toTlie r)ff e• assd esb"mated efiJI lrfe. Str¥"gFI line over 10 years Str8iW lire o¥w XJ years sIrw lire ow 5 yea Stsgltt line ow SY5 stra line 10 years Contr4'ns ixJik5rws Fiyture5 and fittytys Motor ¥thide5 Fix&J assets are i"vrecOrdl at CO ao)st CrflwAthan£25oaretak as resouTi*s wended Taxalloft P4e9
IIIPSTARTTRLiST for the year ended 31 March 2023 Accowb15ng powcles. lInUed Fund aceounting RestriLled kndsare fvjnds ¥th'th areto te e jnaoJdIhthe $C re5tn'ccns IMF by donors and vknich have been rais by the trust 1bl FUP)5& The rxjstsdrrigng and a(bninIstjn9 sud) fijnds are chargey against S[ffic ftJTrts. Thwe We wrenvy no restriLd fvmd5. Oebtors and creditors w7th interest rate aThJ rmatse and ptyat4e knillin one yw ar8 ILded at transaction w. Ary losses arigng impavmwt we recx)gnisgJ in exwYthKe. 2023 2022 41.514 3.190 In¢tyIrfeXrtdl1urnl inctsn{owdrture) is atl aft ttAr9"@Icr•Jrtry): 2023 2022 Dewlation. ohed assets Surus on dispKJsa of fj assets 23261 31 March X122. . Ises incwreA1 on behaff d the tr1 in of. fepairs, poand ab"onwy and othu o) wwe r0mbuffs to-. R Pratt £ni112. £513}. unre5tri¢lj hjnd Donations and l&Jaoes 3.190 Totthl 80.730 Expendfjturn on IET INCOME Reconclliatlon ollunds Total fvrH15 1Th4ghtfowwd 134.530 Page 10
IIIPSTART TrUST for th• y•ar 31 Mx¢h 2023 Unre5tridwJ fund Total fund¥ corriedfrnrd 140,355 Tanglble fixed assets Fixlur£s and fftts.ngs and IdirrtJs Coach At l April 2022 Additions 13.995 193.333 At 31 March 2 13.995 191333 At 1 April 2022 Charge lu year 11.057 123,617 8,647 At 31 Marth 2 131264 At 31 March 20Z3 At 31 Ilarth 2tr22 69.716 Motor vthide EquIj Told$ At 1 ri1222 124274 369.116 31 M•rth 2023 150.824 394,666 Oepreciatioft At 1 ri12022 Ch*ge fcrf yr 78,567 14420 12.31Y 234,$07 131 March 223 14.585 At 31 March 2023 55.837 12.980 131,425 Al 31 Math 2022 46.707 15.248 134.609 Page11
MIPSTART TRLiST Notes to tr Flnanclal Statemfynts. ¢tyrtlrMd for the year ended 31 Mareh 2023 2023 2022 Tradè debtors Gift rairn VAT 7.992 10.918 11.169 1.212 Cr•rfrtorn falling th•ilhin on• y•ar 2023 2022 Ots loan$ (see 91 Trade credrtc¢s 151)0 1.001 13 7,5Tr) 3,454 2.211 13.165 Loans An anatyss ofthe L loars is gi belw. 2022 AMI(r falry tsje ilhin one year on an Olhw loans 10. Movemenl In h4nd At 31.&23 At 1.4.22 in frVjs Unr•gtrlct•d funds General luThJ 140.355 11A42 1S1.697 TOTAL FiOs 140,355 11.342 151697 Net MOV1•nt in lunds, irthjbj in th• ar as fdl¢Ms: In1)Ing Reswrces Movemwrt re50urc*s expwvjwj in fvnds Gal iw 114483 1107.1411 11.342 TOTAL FiX4DS 11 Pa9è 12
IMPSTARTTRiIST lortheyear ended31 ljarch 2023 1Q Movernent In furnlB. corthiuod Cthnparaliv•s for movemert In funds movanent in funts At 1.4.21 31.3.22 UnrMtAct•d funds Gwei81 fund 134.5x1 140.355 TOTAL FUNDS 134.SJ) 140.355 Cc(nFwative nd mOt in fiJThts. inde in the above are a5 fdlcth IrK>yni RtsOur Mov&ment UnrestActed lunds Gealnd 80.730 174.gJ5) 5.825 TOTAL FUNDS .73] 5.825 A rTrt year 12rnryts arKI l2rnrythso)bBl pob"ortis as fths.' At 1.4.21 sn funts 31.123 Unregtrt¢ted furKIs fvnd 134.530 17,167 151,697 TOTAL FUNDS 134,5JJ 17,167 151.697 A ojrrt year 12 fflhS and ywr 12 morts ¢ynj na MO¥rt fuTrJs. irKludaJ in th¢ atr*Ne are a$ foll Resour Movement in lunds UnrestriLted funds al hjnd 199.213 {18Z046) 17.167 . TOTAL FUNDS 199.213 1810461 17,167 Page 13
IMPSTART TRUST Ilotes to thè Flnanclaj temenis. eontlnuod forthe yearended 31 PAarch X123 11. Related party ¢kdiures Thèrè wtrè p• transadrthts fr* thtr •th131 Marth 2Q3. P•ge 14
IMPSTART TrUST forthe yearended 31 Ilarch 2023 2022 Inc and •ftd(vAThents mbe[S dtiOrS Other donations GfftdClarn 16,264 49,717 10.911 10,620 55,751 11.169 76,899 77.540 Other trathry adivitses LIWay5 41.584 3.19J Totsl Ine¢mlrJ resourc 118M83 .730 Expendllwt C111able actlvlttes Rent and rates Tdephone Postage antt st"onwy Sundries Motor expwses 8n 1.283 158 6,218 12.888 Uniforns Team buildiThJ Repairs and Indepthid)t eXin¥S feg Piofttsional fè8s Bank tharges In$uFanGe Advertising DepriM oftsrytle assds IProlWoss on dispc6al dtan&iile fix8J assds 3.259 6.327 1.810 614 127 8.SSI 187 1395 2(733 23.261 5,DJOI 74.905 Totsl 1gsourc¢s expwdeij 107 141 74.9DS Nt Income 11.342 5.825 Tlis page does nL fcffm m ofthe slY firoThaal ststanwts Page 15