IMPSTART TRUST REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE 12 MONTHS ENDED 31 MARCH 2025 Registered Charity No. 296499 Company No. 01792933
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 ORR
Impstart Trust- Contents of the Financial Statements for the 12 Months Ended 31st March 2025 Page Report of the Trustees Independent Examiner's Report Statement of Financial Activities Balance Sheet io Notes to the Financial Statements 11-17
Impstart Trust- Report of the Trustees The Trustees present their annual report together with the unaudited financial statements for the year ended 31st March 2025. 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 ISORPI, applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective I January 20191. 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 (Resigned on 5 May 20251 Marie Collier Brian Stewart Objectives and Activitie5 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 In shaping the Charities objectives and planning activities the TrLJStees have compiled with the duty in section 17151 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 succe55. • There are regular donors who are consistent and loyal Fund raising event5 are organised as and when possible Services and equipment are donated in no small measure by supporters Limited Sporisor5hip is received Income is generated by performances of the 'lmps'
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 member5 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 h25 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 Arid 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 POS5ible 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.
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 resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statement5. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies. b. Reserves Policv The Board consider that to maintain the current reserves policy of not less than £25,0110.00 to £30,000.00 to be appropriate to cover on-going costs. c. Current year results The total Income for the year was £59,803. The total Expenses for the year were £103,281 Structure, Governance and management Constitution The company registered as a Charitable Incorporated Organisation with registered charity No. 296499 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 re501ution 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 Charitv. Organisational Structure and decision making The Chair of the board continues to succe55fully lead the company. Rlsk Management The Trustees have assessed the major risks to which the company 15 exposed, in particular those related to the operation5 and finances of the company and are satisfied that 5YStems and procedures are in place to mitigate all exposure to the maior risks.
Impstart Tru5t- Report of the Trustees Statement of Trustees, Responsibilities The trustees are responsible for preparin8 the Trustees, Report and the financial statements in accordance with applicable13w and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practicel including FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland,. Company law require5 trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing the financial statements, the trustees are required to.. 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,. • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements,. and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. The trustees are responsible for keeping adequate accounting record5 that disclose with reasonable accuracy at any time the financial posltion of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence taking reasonable steps for the prevention and detection of fraud and other irregularities. No Funds are held by a custodian Trustee This report was approved by the Trustees on and signed on their behalf by Chair
ImDstart 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 2025. Responsibilities and basis of report As the charity's trustees of the Company land a150 Its directors for the purposes of company lawl you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 20061'the 2006 Act'l. Having sat15fied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charit¢s accounts as carried out under section 145 of the Charities Act 20111'the 2011 Act'l. In carrying out my examination I have followed the Directions given bv the Charitv Commission under section 145151 Ibl of the 2011 Act. Independent examiner's statement I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe.. 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 requirement that the accounts give a 'true and fair, view which is not a matter considered as part of an independent 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Jon Chartres 31 Moor Park Road, Hereford, England, HR4 ORR
Imp5tart Trust - Statement of Financial Activities Unrestricted Funds Restricted Funds Total 2025 Total 2024 Note Income from: Donations & legacies 20,823 20,823 19,880 Charitable activities Other charitable trading activities 38,980 38,980 51,925 Investments Total Income 59,803 59,803 71,805 Expenditure on: Charitable activities 1103,2811 1103,2811 1129,3901 Total Expenditure 1103,2811 1103,2811 1129,3901 Net Income 143,4781 143,4781 157,5851 Transfers between funds Net movement In funds 143,4791 143,4791 157,5851 Fund balances at 31st March 2024 94,112 94,112 151,697 Fund balances at 31st March 2025 All disclosures relate only to continuing operations. There are no recognised gains or losses other than the net incoming resources for the year.
Impstart Trust- Balance Sheet Note 2025 20Z4 Fixed Asset5 Tangible assets 87,439 87,439 51,244 51,244 CURRENT ASS Debtors Prepayments and Accrued Income Cash on short term deposit at bank and in hand 1281 1,207 371 1,550 1,180 9,885 11,065 CREDITORS: Amounts falling due within one year 12,1611 14,3921 16101 6,673 TOTAL ASSETS LESS CURRENT LIABILITIES 50,633 94,112 TOTAL NET ASSETS Charity Funds Restricted Funds Unrestricted Funds 50,633 94,112 TOTAL FUNDS For the year ended 31 March 2025 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 their behalf by: and were signed on g15tered Charity No. 296499 10
Impstart Trust - Notes to the Financial Statements I. 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 IFRS 1021, 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 20191, 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 15 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 cost5 attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and 5UPPOrt costs which are not attributable to a 5inEle 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 a55ets used.
Impstart Trust - Notes to the Financial Statements I. ACCOUNTING POLICIES (continued) Support costs are those cost5 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 3 percentage basi5 as detailed in note Charitable activities and Governance costs are cost5 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 a55et over its estimated useful life. Coach Containers and Buildings Fixtures and Fittings Motor Vehicles Equipment Straight line over 10 year5 Straight line over 20 years straight line over 5 years Straight line over 5 years Straight lire over 10 years 1.6 Interest Recelvable 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 debtor5 are recogni5ed at the settlement amount after any trade discount offered. Prepayment5 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 Liabilitie5 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 anticipate5 It will pay to settle the debt or the amount it ha5 received a5 advanced payments for the goods or service5 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 I. ACCOUNTING POLICIES { Continued I 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 fijnds 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 furids 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 and1055es are allocated to the appropriate fund. 2. Income from donations and legacies Unrestrirted funds 2025 Restricted funds Total funds 2025 2025 Members donations 15,434 5,389 15,434 5,389 Other donations Gift aid claim Total grants 20,823 20,823 13
Impstart Trust- Notes to the Financial Statements 3. Income from other charitable trading activities Unrestricted fund5 2025 Restricted fund5 2025 Total fund5 2025 Total funds 2024 Other Trading Activities 38,980 38,980 51,925 4. Direct costs Total 2025 Sundry Expenses Projects and Performance costs 3,788 20,654 5. Support cost5 Total 2025 Administrative, traininE and staff cost Administrative, training and staff costs Computer and telephone costs Hospitalitv Printing, postage and stationery Sundry expenses 50,726 90 2,839 1,755 496 22,932 6. Trustee Remuneration and benefits There were no trustees, remuneration, expenses or other benefits for the year ended 31 March 2025 nor the year ended 31 March 2024. 14
Imp5tart Trust- Notes to the Financial Statements 7. Tangible Fixed Assets Containers and Buildings Fixtures and Fittings Coach Cost At l April 2024 Additions 13,995 193,333 8,949 At 31 March 2025 13,995 193,333 8,949 Depreciatlon At l April 2024 Charge for the Year 13,855 140 141,931 9,667 8,949 At 31 March 2025 13,995 151,598 8,949 Net Book Value At 31 March 2025 At 31 March 2024 140 Motor Veicles Equiplment Totals Cost At l April 2024 Additions 150,824 4,950 27,565 1,912 394,666 6,862 At 31 March 2024 155,774 29,477 401,528 Depreciatlon At l April 2024 Charge for the Yeèr 125,152 30,330 17,342 2,919 307,228 43,056 At 31 March 2025 155,482 20,261 350,284 Net Book Value At 31 March 2025 292 At 31 March 2024 15
Imp5tart Trust- Note5 to the Flnancial Statements 8. Statement of funds- current year Balance at Transfers inlout Balance at 3110312025 0110412024 Income Expenditure Designated fund5 Designated minimum reserve Designated artistic reserve General Funds General funds 94,112 59,803 1103,2811 50,634 94,112 59,803 1103,2811 50,634 Total unrestricted funds 94,112 59,803 103,281 50,634 Restricted funds Total restricted funds Total of funds 103 281 16
Impstart Trust - Notes to the Financial Statements 9. Statement of funds continued - prior year Balance at 0110412023 Transfers Balance at in/out 3110312024 Income Expenditure Oesignated fund5 Designated minimum reserve Designated artistic reserve Generol Funds General funds 151,697 71,805 1129,3901 94,112 151,697 71,805 1129,3901 94,112 Total unrestricted funds 151,697 71,805 129,390 94,112 Restricted funds Total restricted funds Total of funds 151 697 129 390 10. Related Party Disclosure5 There were no related party tran5acations for the year ended 31 March 2025. 17