REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
REPORT OF THE TRUSTEES AND |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 JUNE 2024 |
FOR |
INSTITUTE FOR CONTINUOUS IMPROVEMENT |
IN PUBLIC SERVICES |
REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
REPORT OF THE TRUSTEES AND |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 JUNE 2024 |
FOR |
INSTITUTE FOR CONTINUOUS IMPROVEMENT |
IN PUBLIC SERVICES |
INSTITUTE FOR CONTINUOUS IMPROVEMENT |
IN PUBLIC SERVICES |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 JUNE 2024 |
Page |
Report of the Trustees | 1 | to | 3 |
Statement of Financial Activities | 4 |
Balance Sheet | 5 | to | 6 |
Notes to the Financial Statements | 7 | to | 11 |
INSTITUTE FOR CONTINUOUS IMPROVEMENT |
IN PUBLIC SERVICES (REGISTERED NUMBER: 08114272) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 30 JUNE 2024 |
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 June 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: 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 (FRS 102) (effective 1 January 2019). |
OBJECTIVES AND ACTIVITIES |
Objectives and aims |
The Institute for Continuous Improvement in Public Services is a charity following a strategy of sustainable growth achieved without carrying loans. |
The objects of the charity are to advance education for the public benefit in the subject of the continuous improvement and delivery of public services in such ways as the trustees may from time to time decide. |
ACTIVITIES UNDERTAKEN |
In planning activities for the year, we have considered the Charity Commission's public benefit guidance. |
Our activities fall into three key themes: Education, Collaboration and Innovation. We provided education by means of events, a conference, workshops, advice, and downloadable resources; the majority of which are offered for free. The Institute also upholds standards of professional practice. |
The Institute collaboration through networking and seeks to generate innovative approaches as a result of research. |
Volunteers |
Volunteers are presently used on an ad-hoc basis to support the organisation of events. |
FINANCIAL REVIEW |
Financial Review and Reserves Policy |
The overheads for ICiPS are presently kept low through home working and the use of cloud-based systems. This approach has enabled risk free growth with income used to develop alliances and services that support its charitable purpose. |
Money will only be kept in reserve for specific reasons - sensible planning for known events and other known overheads. It is the policy of ICiPS to retain 12 months running costs and sufficient for one annual conference in reserve. We will use some of our reserves for research prizes and for grants. |
FUTURE PLANS |
To ensure we remain a relevant organisation that adds value, we are working towards a member led model; creating a customer focus group run by volunteers who will help shape future services, although the key areas of interest are expected to remain. We are also exploring the possibility of member voting rights. |
STRUCTURE, GOVERNANCE AND MANAGEMENT |
Governing document |
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. |
INSTITUTE FOR CONTINUOUS IMPROVEMENT |
IN PUBLIC SERVICES (REGISTERED NUMBER: 08114272) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 30 JUNE 2024 |
STRUCTURE, GOVERNANCE AND MANAGEMENT |
Recruitment and appointment of new trustees |
The minimum number of directors shall be three, the maximum 12. Two directors will be appointed by external recruitment. The composition of the board is set to ensure a balance of representation; each seat comes with a set portfolio. The portfolios attached to each board seat will be reviewed every 2 years but can only be changed with full board agreement. On appointment the Director accepts the portfolio that come with their chair. Any person who is willing to act as a director, and who would not be disqualified from acting under the provisions of Article 28, may be appointed to be a director by a decision of the directors. Each director shall be appointed for a term of two years save that the directors may at any time decide that exceptional circumstances exist and resolve that the restrictions of this Article 26.2 does not apply. On appointment, directors will be required to signup to their responsibilities under A) Companies Act B) Charities Act as well as C) Agreement to support and work towards the stated mission, vision & values D) Code of Conduct. Retiring directors may be reappointed but a director who has served for two consecutive terms of office shall be required to take a break from office and not be reappointed until a year from the anniversary of the commencement of his or her break from office save that the directors may at any time decide that exceptional circumstances exist and resolve that the restriction of this Article 26.3 does not apply. No person may be appointed as a director unless he or she has reached the age of 18 years. |
REFERENCE AND ADMINISTRATIVE DETAILS |
Registered Company number |
Registered Charity number |
Registered office |
Trustees |
Solicitors & Bankers |
The Charity's bankers are |
National Westminster Bank |
28 Market Place |
Driffield |
East Riding Of Yorkshire |
YO25 6AL |
The Charity's solicitors are |
Rollitts |
Wilberforce Court |
High Street |
Hull |
HU1 1YJ |
INSTITUTE FOR CONTINUOUS IMPROVEMENT |
IN PUBLIC SERVICES (REGISTERED NUMBER: 08114272) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 30 JUNE 2024 |
REFERENCE AND ADMINISTRATIVE DETAILS |
Acting CEO |
Mrs D Simpson |
COMMENCEMENT OF ACTIVITIES |
ICiPS began trading in November 2013 and converted to charitable status in January 2015. |
Approved by order of the board of trustees on |
INSTITUTE FOR CONTINUOUS IMPROVEMENT |
IN PUBLIC SERVICES |
STATEMENT OF FINANCIAL ACTIVITIES |
(INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) |
FOR THE YEAR ENDED 30 JUNE 2024 |
2024 | 2023 |
Unrestricted | Total |
fund | funds |
Notes | £ | £ |
INCOME AND ENDOWMENTS FROM |
Charitable activities |
EXPENDITURE ON |
Charitable activities |
NET INCOME |
RECONCILIATION OF FUNDS |
Total funds brought forward |
TOTAL FUNDS CARRIED FORWARD | 46,437 |
INSTITUTE FOR CONTINUOUS IMPROVEMENT |
IN PUBLIC SERVICES (REGISTERED NUMBER: 08114272) |
BALANCE SHEET |
30 JUNE 2024 |
2024 | 2023 |
Unrestricted | Total |
fund | funds |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 6 |
CURRENT ASSETS |
Debtors | 7 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 8 | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
NET ASSETS |
FUNDS | 9 |
Unrestricted funds | 46,437 |
TOTAL FUNDS | 46,437 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024. |
The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006. |
The trustees acknowledge their responsibilities for |
(a) | ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. |
INSTITUTE FOR CONTINUOUS IMPROVEMENT |
IN PUBLIC SERVICES (REGISTERED NUMBER: 08114272) |
BALANCE SHEET - continued |
30 JUNE 2024 |
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. |
The financial statements were approved by the Board of Trustees and authorised for issue on |
INSTITUTE FOR CONTINUOUS IMPROVEMENT |
IN PUBLIC SERVICES |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 JUNE 2024 |
1. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: 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 (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. |
Income |
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. |
Expenditure |
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. |
Tangible fixed assets |
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
Computer equipment | - |
Taxation |
The charity is exempt from corporation tax on its charitable activities. |
Fund accounting |
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. |
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. |
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. |
INSTITUTE FOR CONTINUOUS IMPROVEMENT |
IN PUBLIC SERVICES |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 JUNE 2024 |
2. | NET INCOME/(EXPENDITURE) |
Net income/(expenditure) is stated after charging/(crediting): |
2024 | 2023 |
£ | £ |
Depreciation - owned assets |
3. | TRUSTEES' REMUNERATION AND BENEFITS |
There were no trustees' remuneration or other benefits for the year ended 30 June 2024 nor for the year ended 30 June 2023. |
Trustees' expenses |
There were no trustees' expenses paid for the year ended 30 June 2024 nor for the year ended 30 June 2023. |
4. | STAFF COSTS |
There were no staff costs for the year ended 30 June 2024 nor for the year ended 30 June 2023. |
During the year the average number of employees was 1 (2018 - 1). |
The average monthly number of employees during the year was as follows: |
2024 | 2023 |
Administrative |
5. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
Unrestricted |
fund |
£ |
INCOME AND ENDOWMENTS FROM |
Charitable activities |
EXPENDITURE ON |
Charitable activities |
NET INCOME |
RECONCILIATION OF FUNDS |
Total funds brought forward |
INSTITUTE FOR CONTINUOUS IMPROVEMENT |
IN PUBLIC SERVICES |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 JUNE 2024 |
5. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued |
Unrestricted |
fund |
£ |
TOTAL FUNDS CARRIED FORWARD | 46,437 |
6. | TANGIBLE FIXED ASSETS |
Computer |
equipment |
£ |
COST |
At 1 July 2023 and 30 June 2024 |
DEPRECIATION |
At 1 July 2023 |
Charge for year |
At 30 June 2024 |
NET BOOK VALUE |
At 30 June 2024 |
At 30 June 2023 |
7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Amounts recoverable on contract |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
VAT | 650 | 307 |
Other creditors |
Accruals and deferred income |
INSTITUTE FOR CONTINUOUS IMPROVEMENT |
IN PUBLIC SERVICES |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 JUNE 2024 |
9. | MOVEMENT IN FUNDS |
Net |
movement | At |
At 1/7/23 | in funds | 30/6/24 |
£ | £ | £ |
Unrestricted funds |
General fund | 46,437 | 2,131 | 48,568 |
TOTAL FUNDS | 2,131 | 48,568 |
Net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 12,426 | (10,295 | ) | 2,131 |
TOTAL FUNDS | ( |
) | 2,131 |
Comparatives for movement in funds |
Net |
movement | At |
At 1/7/22 | in funds | 30/6/23 |
£ | £ | £ |
Unrestricted funds |
General fund | 43,947 | 2,490 | 46,437 |
TOTAL FUNDS | 43,947 | 2,490 | 46,437 |
Comparative net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 16,807 | (14,317 | ) | 2,490 |
TOTAL FUNDS | 16,807 | (14,317 | ) | 2,490 |
INSTITUTE FOR CONTINUOUS IMPROVEMENT |
IN PUBLIC SERVICES |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 JUNE 2024 |
9. | MOVEMENT IN FUNDS - continued |
A current year 12 months and prior year 12 months combined position is as follows: |
Net |
movement | At |
At 1/7/22 | in funds | 30/6/24 |
£ | £ | £ |
Unrestricted funds |
General fund | 43,947 | 4,621 | 48,568 |
TOTAL FUNDS | 43,947 | 4,621 | 48,568 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 29,233 | (24,612 | ) | 4,621 |
TOTAL FUNDS | 29,233 | (24,612 | ) | 4,621 |
10. | RELATED PARTY DISCLOSURES |