## **IMPSTART TRUST**
## **REPORT OF THE TRUSTEES AND**
## **UNAUDITED FINANCIAL STATEMENTS**
**FOR THE 12 MONTHS ENDED 31 MARCH 2024**
**Registered Charity No. 296499 Company No. 01792933**
1
## **Registered Charity No. 296499 Company No. 01792933**
## **Trustees**
Bryan Collier MBE Peter Minshall TD Ken Young Roy Pratt MBE Michael Bolton Ray Bouch Marie Collier Brian Stewart
## **Registered Address:**
117 Clock House Road Beckenham London BR3 4JY
**Independent Examiner:** Jonathan Chartres FCA 31 Moor Park Road, Hereford, England, HR4 0RR
2
**Impstart Trust - Contents of the Financial Statements for the 12 Months Ended 31st March 2024**
||**Page**|
|---|---|
|Report of the Trustees|4 - 7|
|Independent Examiner's Report|8|
|Statement of Financial Activities|9|
|Balance Sheet|10|
|Notes to the Financial Statements|11 - 17|
3
## **Impstart Trust - Report of the Trustees**
The Trustees present their annual report together with the unaudited financial statements for the year ended 31st March 2024. The Trustees confirm that the Annual Report and financial statements of the charity comply with the current statutory requirements, the charity’s governing document and the provisions of the Statement of Recommended Practice (SORP), applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
The trustees who held office during the year and up to the date of signature of the financial statements were as follows:
## **Trustees**
Bryan Collier MBE Peter Minshall TD
Ken Young Roy Pratt MBE Michael Bolton Ray Bouch Marie Collier Brian Stewart
## **Objectives and Activities**
The Impstart Trust, a company limited by guarantee, is governed by its Memorandum and Articles of Association.
The objects of the Trust are
• To educate young people, especially but not exclusively through their leisure time activities so as to develop their physical, mental and spiritual capacities that they may grow to full maturity as individuals and members of society;
• To provide or assist in the provision of facilities by reason of their youth, disablement, poverty, or social and economic circumstances in the interests of social welfare and with the object of improving their conditions of life.
In shaping the Charities objectives and planning activities the Trustees have compiled with the duty in section 17(5) of the 2011 Charities Act to have due regard to guidance published by the Charities Commission on Public Benefit.
3. ACHIEVEMENTS AND PERFORMANCE
The on-going challenge of financing small Charities continues, the Trust has faced this issue by increasing the incidence of goods and services that would normally have drained our meagre financial resources being received by donation of service or equipment. Examples of this are;
- All staff are volunteers, the Trust has no paid staff at all.
- A continuous programme of grant applications with limited success.
- There are regular donors who are consistent and loyal
- Fund raising events are organised as and when possible
- Services and equipment are donated in no small measure by supporters
- Limited Sponsorship is received
- Income is generated by performances of the ‘Imps’
4
## **Impstart Trust - Report of the Trustees**
The activities of the Trust are extensive with every opportunity being taken to educate our young people in a variety of imaginative ways; Worldwide Travel, meeting and working with many nationals and cultures, taking opportunity when abroad to visit educational experience, study the history and culture. A full range of adventurous experiences are entered into from backpacking to white water rafting, high ropes courses to caving, all arranged with professional instructors and outdoor education centres, all in addition to our core activity that of an International Motorcycle Display Team. The Trustees have extended their work with members who come from vulnerable families by interactive work with parents and children whilst liaising with schools and other agencies for the benefit of such children.
The Trustees consider that the two main objects of the Trust, that of education and the provision of facilities are being met by the Trust.
Adult members of the Trust continue to improve their skills by the provision of both external and internal Training Programmes. There has been a change of our long standing Training Partners historically the NSPCC via the EduCare Programme which has been taken over by The Times Educational Supplement with whom we have contracted for further vital training, however we still maintain and use the services of the NSPCC.
- Safeguarding in Sport and Recreation
- Health & Safety
- Emergency First Aid
- Food Hygiene
- Data Protection
- Prevent
And a number of other courses that our staff benefit from. Our Safeguarding Leads are trained by face to face courses run by the NSPCC and the Local Authorities. Virtually all staff are certified in Safeguarding, First Aid and Food Hygiene whilst many staff have completed other certified courses so as to be equipped to provide the best support and guidance for our young members.
The Show season showed a small increase following Covid and the coming season looks even more promising. Many shows appear to have shut down or not restarted due to the pandemic.
The Trustees wish to thank the following donors and supporters who have made it possible for the work of the Trust to continue:
- Graham Dodridge
- Jamie Waller
- Roland Fink - Basle Police Switzerland
- H Steven & PE Woods Charitable Trust
- The Jack Petchey Foundation
- Dave Woods Canada
- Silver World-Wide Charitable Foundation
- Naunton Dickens Pronto Hire
- Joel Hopwood media Group
- Edward Barlow
- Motorfinity
- Chris Caulkin
- Carol & Mike Kefford
And many others who contribute financially or by providing equipment and services to the Trust.
5
## **Impstart Trust - Report of the Trustees**
## **Financial Review**
## **a. Going Concern**
After making appropriate enquiries, the trustees have a reasonable expectation that the company has adequate
## **b. Reserves Policy**
The Board consider that to maintain the current reserves policy of not less than £25,000.00 to £30,000.00 to be
## **c. Current year results**
The total Income for the year was £81,543.
The total Expenses for the year were £129,390
## **Structure, Governance and management**
## **a. Constitution**
The company registered as a Charitable Incorporated Organisation with registered charity No. 296499
## **b. Method of appointment or election of Trustees.**
Apart from the first charity trustees, every trustee must be appointed for a term of 3 years by a resolution passed at a properly convened meeting of the charity trustees.
In selecting individuals for appointment as charity trustees, the charity trustees must have regard to the skills, knowledge and experience needed for the effective administration of the Charity.
## **c. Organisational Structure and decision making**
The Chair of the board continues to successfully lead the company.
## **d. Risk Management**
The Trustees have assessed the major risks to which the company is exposed, in particular those related to the
6
## **Impstart Trust - Report of the Trustees**
## **Statement of Trustees' Responsibilities**
and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including FRS 102 'The state of affairs of the charitable company and of the incoming resources and application of resources, including the income and
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- explained in the financial statements; and will continue in business.
financial position of the charitable company and to enable them to ensure that the financial statements comply with the
No Funds are held by a custodian Trustee
This report was approved by the Trustees on ____________________ and signed on their behalf by
Chair______________________________________________________
7
## **Impstart Trust - Independent Examiner's Report**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024
## **Responsibilities and basis of report**
As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act
## **Independent examiner’s statement**
I have completed my examination. I confirm that no matters have come to my attention in connection with the
## 2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with Financial Reporting Standards applicable in the UK and Republic of Ireland (FRS102).
I have no concerns and have come across no other matters in connection with the examination to which attention
## Jon Chartres
31 Moor Park Road, Hereford, England, HR4 0RR
8
## **Impstart Trust - Statement of Financial Activities**
|**Note**
**Income from:**
Donations & legacies
**2**
Charitable activities
Other charitable trading activities
**3**
Investments
**Total Income**
**Expenditure on:**
Charitable activities
**4, 5**
**Total Expenditure**
**Net Income**
**Transfers between funds**
**Net movement in funds**
Fund balances at 31st March 2023
**Fund balances at 31st March 2024**|**Unrestricted**
**Restricted**
**Total**
**Total**
**Funds**
**Funds**
**2024**
**2023**
**£**
**£**
**£**
**£**
19,880
19,880
76,899
-
51,925
-
51,925
41,584
-
-
-
-
71,805
-
71,805
118,483
(129,390)
(129,390)
(107,141)
(129,390)
-
(129,390)
(107,141)
(57,584)
-
(57,584)
11,342
-
-
-
-
(57,584)
-
(57,584)
11,342
151,697
151,697
140,355
94,113
-
94,113
151,697|
|---|---|
All disclosures relate only to continuing operations.
There are no recognised gains or losses other than the net incoming resources for the year.
9
## **Impstart Trust - Balance Sheet**
|**Note**
**£**
**£**
**Fixed Assets**
Tangible assets
**7**
87,439
87,439
**CURRENT ASSETS**
Debtors
1,180
Prepayments and Accrued Income
0
Cash on short term deposit at bank and in hand
9,885
11,065
**CREDITORS:**Amounts falling due
within one year
(4,392)
6,673
**TOTAL ASSETS LESS CURRENT LIABILITIES**
94,112
**TOTAL NET ASSETS**
**94,112**
**Charity Funds**
Restricted Funds
Unrestricted Funds
**8, 9**
94,112
**TOTAL FUNDS**
**94,112**
**2024**|**£**
**£**
131,425
131,425
20,466
1,207
4,400
26,073
(5,801)
20,272
151,697
**151,697**
151,697
**151,697**
**2023**|
|---|---|
For the year ended 31 March 2024 the charity was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with Section 476 of the Companies Act 2006.
The directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and for the preparation of the accounts.
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statement were approved by the Trustees and authorised for issue on _____________ and were signed on their behalf by:
Chair
Registered Charity No. 296499
10
## **Impstart Trust - Notes to the Financial Statements**
## **1. ACCOUNTING POLICIES**
## **Company information**
Impstart Trust is a private company limited by guarantee incorporated in England and Wales.
The address of the registered office is 117 Clock House Road, Beckenham, BR3 4JY
## **1.1 Accounting convention**
## **Basis of Preparation**
The financial statements have been prepared in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), published in January 2019. The Charitable Company is a public benefit entity for the purposes of FRS 102 and therefore the charity also prepared its financial statements in accordance with the Statement of Recommended Practice, applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (The FRS 102 Charities SORP published in January 2019), the Companies Act 2006 and the Charities Act 2011.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts
The financial statements have been prepared on a going concern basis. .
On this basis, the directors consider it appropriate to prepare the financial statements on a going concern basis.
## **1.3 Income**
All income is recognised once the company has entitlement to the income, it is probable that the income will be Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.
## **1.4 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of the direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the assets used.
11
## **Impstart Trust - Notes to the Financial Statements**
## **1. ACCOUNTING POLICIES (continued)**
Support costs are those costs incurred directly in support of expenditure on the objects of the company and include project management carried out at Headquarters. Support costs are allocated on a percentage basis as detailed in note 7.
Charitable activities and Governance costs are costs incurred on the company's educational operations, including support costs and costs relating to the governance of the company apportioned to charitable activities.
## **1.5 Tangible Fixed Assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Coach Straight line over 10 years Containers and Buildings Straight line over 20 years Fixtures and Fittings Straight line over 5 years Motor Vehicles Straight line over 5 years Equipment Straight line over 10 years
## **1.6 Interest Receivable**
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the company; this is normally upon notification of the interest paid or payable by the Bank.
## **1.7 Debtors**
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **1.8 Cash at Bank and in hand**
Cash at bank and in hand 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 similar account.
## **1.9 Liabilities and provisions**
Liabilities are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation.
## **1.10 Financial instruments**
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
12
## **Impstart Trust - Notes to the Financial Statements**
## **1. ACCOUNTING POLICIES (continued)**
## **1.11 Fund accounting**
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the company and which have not been designated for other purposes.
Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
Investment income, gains and losses are allocated to the appropriate fund.
## **2. Income from donations and legacies**
|Members donations
Other donations
Gift aid claim
Total grants|**Unrestricted**
**Restricted**
**Total**
**funds**
**funds**
**funds**
**2024**
**2024**
**2024**
**£**
**£**
**£**
11,659
11,659
8,221
8,221
0
0
19,880
-
19,880|
|---|---|
13
## **Impstart Trust - Notes to the Financial Statements**
## **3. Income from other charitable trading activities**
|Other Trading Activities
**4. Direct costs**
Sundry Expenses
Projects and Performance costs
**5. Support costs**
Administrative, training and staff cost
Administrative, training and staff costs
Computer and telephone costs
Hospitality
Printing, postage and stationery
Sundry expenses|**Unrestricted**
**Restricted**
**Total**
**Total**
**funds**
**funds**
**funds**
**funds**
**2024**
**2024**
**2024**
**2023**
**£**
**£**
**£**
**£**
51,925
-
51,925
41,584
-
-
-
-
51,925
-
51,925
41,584
**Total**
**2024**
**£**
23,133
13,475
36,608
**Total**
**2024**
**£**
18,341
90
2,663
660
119
18,199
40,071|
|---|---|
## **6. Trustee Remuneration and benefits**
There were no trustees' remuneration, expenses or other benefits for the year ended 31 March 2024 nor the year ended 31 March 2023.
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## **Impstart Trust - Notes to the Financial Statements**
## **7. Tangible Fixed Assets**
|**Cost**
At 1 April 2023
Additions
At 31 March 2024
**Depreciation**
At 1 April 2023
Charge for the Year
At 31 March 2024
**Net Book Value**
At 31 March 2024
At 31 March 2023
**Cost**
At 1 April 2023
Additions
At 31 March 2024
**Depreciation**
At 1 April 2023
Charge for the Year
At 31 March 2024
**Net Book Value**
At 31 March 2024
At 31 March 2023|**Containers and xtures and**
**Coach**
**Buildings**
**Fittings**
**£**
**£**
13,995
193,333
8,949
-
-
-
13,995
193,333
8,949
12,455
132,264
8,949
1,399
9,667
13,854
141,931
8,949
141
51,402
-
1,539
61,069
-
**Motor**
**Veicles**
**Equiplment**
**Totals**
**£**
**£**
150,824
27,565
394,666
-
-
-
150,824
27,565
394,666
94,987
14,585
263,240
30,165
2,757
43,987
125,152
17,342
307,227
25,672
10,224
87,439
55,837
12,980
131,425|
|---|---|
15
## **Impstart Trust - Notes to the Financial Statements**
|**8. Statement of funds - current year**
**Designated funds**
Designated minimum reserve
Designated artistic reserve
**General Funds**
General funds
Total unrestricted funds
**Restricted funds**
Total restricted funds
Total of funds|**Balance at**
**Transfers**
**Balance at**
**01/04/2023**
**Income Expenditure**
**in/out**
**31/03/2024**
**£**
**£**
**£**
**£**
**£**
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
151,697
71,805
(129,390)
94,113
151,697
71,805
(129,390)
-
94,113
151,697
71,805
(129,390)
-
94,113
-
-
-
-
-
-
-
-
-
151,697
71,805
(129,390)
-
94,113|
|---|---|
16
## **Impstart Trust - Notes to the Financial Statements**
## **9. Statement of funds continued - prior year**
|**Designated funds**
Designated minimum reserve
Designated artistic reserve
**General Funds**
General funds
Total unrestricted funds
**Restricted funds**
Total restricted funds
Total of funds|**Balance at**
**Transfers**
**Balance at**
**01/04/2022**
**Income Expenditure**
**in/out**
**31/03/2023**
**£**
**£**
**£**
**£**
**£**
-
-
-
-
-
-
-
-
-
-
-
-
-
140,355
118,483
(107,141)
-
151,697
140,355
118,483
(107,141)
-
151,697
140,355
118,483
(107,141)
151,697
-
-
-
-
-
140,355
118,483
(107,141)
-
151,697|
|---|---|
## **10. Related Party Disclosures**
There were no related party transacations for the year ended 31 March 2024.
17