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2023-03-31-accounts

REGISTERED COMPANY NUMBER: 04343347 (England and Wales) REGISTERED CHARITY NUMBER: 1093653

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023

FOR

INSPIREALL LEISURE AND FAMILY SUPPORT SERVICES (A COMPANY LIMITED BY GUARANTEE)

Menzies LLP

Chartered Accountants and Statutory Auditors Richmond House Walkern Road Stevenage Her�ordshire SG1 3QP

INSPIREALL LEISURE AND FAMILY SUPPORT SERVICES

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023

Page
Reference and administra�ve details 1
Report of the trustees 2 to 10
Report of the independent auditors 11 to 14
Statement of fnancial ac�vi�es 15
Statement of fnancial posi�on 16
Statement of cash fows 17
Notes to the statement of cash fows 18
Notes to the fnancial statements 19 to 33

INSPIREALL LEISURE AND FAMILY SUPPORT SERVICES

REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31ST MARCH 2023

Trustees C N Warne - Chairman M Gibson A R Jacobson A J Kea�ng A M Sinclair S T Q Williams Registered office The Venue Elstree Way Borehamwood Her�ordshire WD6 1JY Registered company number 04343347 (England and Wales) Registered charity number 1093653 Auditors Menzies LLP Chartered Accountants and Statutory Auditors Richmond House Walkern Road Stevenage Her�ordshire SG1 3QP Chief execu�ve N Palmer

Page 1

INSPIREALL LEISURE AND FAMILY SUPPORT SERVICES

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2023

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 group for the year ended 31st March 2023. The Trustees have adopted the provisions of Accoun�ng and Repor�ng by Chari�es: Statement of Recommended Prac�ce applicable to chari�es preparing their accounts in accordance with the Financial Repor�ng Standard applicable in the UK and Republic of Ireland (FRS 102) (effec�ve 1 January 2019).

Objec�ves and ac�vi�es

Policies and objec�ves

The principal ac�vi�es are those encompassed within the Memorandum of Associa�on, which principally involve managing leisure facili�es and family support services.

InspireAll Leisure & Family Support Services (InspireAll) exists to promote and preserve good health, wellbeing and more ac�ve lifestyles for the communi�es it serves. Specifically, it provides leisure services to the residents of Hertsmere (HBC) and Milton Keynes (MKC). In addi�on, through contracts with Her�ordshire County Council (HCC), the Charity provides the Family Support Service to the boroughs and districts of Hertsmere, Three Rivers, St Albans, Wa�ord and Dacorum. This entails being the lead agency in suppor�ng work with children aged prebirth to 11 years old in these areas and requires the provision of staff and exper�se.

The leisure sector is highly compe��ve, with budget gyms at one end of the price spectrum and expensive clubs at the other. InspireAll’s role in this sector is to deliver services on behalf of Local Authori�es and, as such, seek to appeal to as wide a spectrum of customers as possible. A pricing policy that aims to makes the facili�es accessible and affordable yet generates sufficient surplus to allow investment in keeping facili�es and equipment up-to-date.

The leisure side of the business manages four major leisure centres, plus community centres, pavilions and a theatre. The facili�es are used by individuals, groups and clubs, with a wide range of ac�vi�es on offer that allow individuals of all ages to par�cipate at the level and intensity that suits their personal need and ability. Every centre is open to all, either on a membership or “pay-as-you-go” basis and a concessionary pricing scheme is operated within each contract to encourage par�cipa�on and, whenever possible, remove barriers to following a healthy lifestyle.

The provision of the Family Support Service, on behalf of Her�ordshire County Council, has grown to become a significant part of the business. The current six-year contract, which commenced on 1st October 2018, sees InspireAll managing 35 Family Centres in the boroughs of Hertsmere, Dacorum, Wa�ord, Three Rivers, and St Albans. In these areas, the aim is to establish contact with every new parent and offer them a range of services - advice, classes, one-to-one assistance - that can help them with paren�ng, assist them to lead healthy lives, give children the best start in life and allow them to reach their full poten�al. The service unifies family centre staff, health visitors and school nursing under a single umbrella, offering a joined-up service that allows easy access.

have due regard to the Charity Commission's general guidance on public benefit.

and objec�ves and in planning its future ac�vi�es.

Page 2

INSPIREALL LEISURE AND FAMILY SUPPORT SERVICES

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2023

Strategic report

Achievement and performance

Review of ac�vi�es 2022-23

InspireAll con�nued to provide services that underlined its charitable ethos, including:

Contract reviews

The contract opera�ons were supported by strong sales and marke�ng ac�vity, with the focus in the early part of the year on rebuilding membership and swimming lesson numbers.

Hertsmere Borough Council Contract (HBC)

The Hertsmere Borough Council Contract showed sustained increases in par�cipa�on and income growth throughout the year.

Highlight for the year included the refurbishment of the gym at The Venue and despite new local compe��on, The Venue achieved great membership growth, ending the year with 2,285 members, only 4% lower than pre pandemic levels.

51% on the previous year.

Swimming Lessons remained one of the successes of the year with 4,037 pupils on the swimming lesson programme by March 2023, compared to 3,753 in March 2020.

constrained at Wyllyo�s by the lack of strong shows touring, very few good film releases and a reluctance for older adults to a�end busy indoor venues. The la�er part of the year showed a strong up-turn, with sold out shows and a very successful pantomime. The pantomime generated £136,000 in �cket sales, more than any year previous.

Page 3

INSPIREALL LEISURE AND FAMILY SUPPORT SERVICES

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2023

Strategic report Achievement and performance

Genera�on Plus and Sports Development con�nued the good recovery, with the well-managed programme opera�ng cost effec�vely. Older adults returned to the 38 different weekly ac�vi�es with enthusiasm. The use of volunteers and control of costs makes the programme sustainable. The Genera�on Plus programme delivered ac�vi�es as diverse as Keyboard Club, Art, Walking Football and Line Dancing. The Physical Ac�vity Referrals Scheme, consis�ng of medical referrals into exercise, con�nued to grow, with 195 par�cipants op�ng for the annualised membership and supported programme in the financial year. A similar number of referrals underwent the supported programme but opted for pay-as-you-go op�ons. The Health Hubs were re-contracted for a further two years with staffed Hubs in the three major towns delivered by InspireAll.

The Park Events had a very busy year with the usual big-�cket events including the Queen’s Diamond Jubilee celebra�ons, running a mobile bar at Middlesex Cricket fixtures in Radle� and the growing programme of supported park events by third par�es, where the events team provide specialist support and advice. The tradi�onal Fun- inthe-parks and Outdoor film screenings were well a�ended and are now a well-loved community fixture.

Milton Keynes Council Contract

upturn. Addi�onal sessions were programmed during half term holiday periods for families to a�end and the site introduced a new SEND session which has grown in popularity since it was launched.

become swimming teachers via funded courses.

sessions added throughout the week such as walking netball, pickleball and bowls. Many of these sessions have par�cipants in their 80s.

The Milton Keynes Contract, like many others, has struggled with the rising costs in u�li�es. Areas for improvements to help reduce energy consump�on were iden�fied and LED ligh�ng replacement projects have taken place where possible. Funding was sourced via MKC allowing Bletchley Leisure Centre to add a UV system to the plant room, improving water disinfec�on and reduce pool chemical consump�on.

Her�ordshire County Council Contracts

96 Shenley Road remained a popular and busy Community Hub. InspireAll work alongside the building partners to offer a harmonious service to the users. Iconic local history was celebrated at the museum, with different displays through the year. InspireAll offered a range of smaller events through the year, including children’s shows, wrestling and Christmas shows.

The community café was used as a Warm Hub through the winter.

Page 4

INSPIREALL LEISURE AND FAMILY SUPPORT SERVICES

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2023

Strategic report

Family Support Services Contract

2022-23 was a very posi�ve year for the Family Support Service. One of the many ways this was demonstrated was through the Family Support Service annual parent sa�sfac�on survey. This year’s feedback from families was extremely encouraging and it was good to see an increase in families’ awareness of the services.

Over 770 families living in South Quadrant (Wa�ord, Three Rivers and Hertsmere Districts) and West Quadrant (Dacorum and St Albans Districts) completed the sa�sfac�on survey. Key results included:-

The Family Support teams worked �relessly during 2022-23 to provide families with a wide range of support to meet their varying needs. The level of engagement with the services has been extremely encouraging with over 7,000 families a�ending the universal sessions; over 1,000 families a�ending an emerging need programme; 400 families received more intensive 1-1 support.

In addi�on, InspireAll’s Family Support teams have developed a number of innova�ve projects to further posi�vely impact local families, including a workshop called Becoming Dad. This workshop offers fathers the opportunity to talk with other fathers about their important role. Increasing the sign-ups to the service through a mul�tude of approaches including developing processes that the Admin team use and transla�ng marke�ng materials into a range of locally spoken languages. Addi�onally, working with Wa�ord General Hospital enables Family Support staff to regularly visit the post-natal ward to promote the services to new parents.

InspireAll are par�cularly proud that there has been so much progress with the Special Educa�onal Needs and Disability offer, this has included the development of the Early Adventurers course. This is a nine week course for families with children aged between 18 months and 4 years who are displaying either an emerging special educa�onal need or who have been diagnosed with a SEND need. The course helps develop the important skills a child needs to have a successful start in an Early Years se�ng, whilst building parental confidence in suppor�ng their child’s needs. It has been very well received by families, one parent reported that, “Coming to a smaller group has helped my anxiety which also affects my son, I now feel more relaxed seeing how he interacts with the other children. I’m star�ng to understand the SEND pathway. I didn’t know where to start before I came to the course.”

Other ac�vi�es

Human Resources & Payroll

The New HR and Payroll system is now fully embedded and providing key informa�on to the management team. The online �mesheets are fully ac�ve and the system automates func�ons such as casual holiday pay, absence records and annual leave en�tlement.

are to look at improvements in the use of the Bradford Factor absence repor�ng process via bespoke reports.

Page 5

INSPIREALL LEISURE AND FAMILY SUPPORT SERVICES

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2023

Strategic report

Recruitment con�nued to be problema�c, however with the help of a weekly focus group, various measures were implemented such as an increase in pay, over and above the cost-of-living increase, to a�ract new candidates such as Swimming Teachers and Duty Managers.

Facili�es management

The focus of the facili�es team throughout 2022-23 con�nued to be:

con�nued to deliver u�lity cost savings. A CHP unit has now been installed at The Venue.

Financial review

Financial posi�on

surplus for the financial year, before the pension adjustment, was £1,470 (2022: £77,982).

The pension adjustment was a posi�ve movement of £630,000 (2022: £1,949,000), which resulted in a posi�ve net movement in funds of £631,470 (2022: £2,026,982). As set out in Note 10, the defined benefit pension scheme has an actuarially determined surplus of £1,737,000 as at 31 March 2023. This asset is not being recognised in the financial statements as it is not clear whether the surplus can be recovered by the company through a refund from the plan or through reduced contribu�ons in the future.

Principal funding sources

In the leisure sector, the main source of income derives from the individual customers that are a�racted to use the facili�es, in compe��on with other fitness and leisure operators. Membership income derived from the gym, fitness classes, swimming lessons and other swimming ac�vi�es.

Milton Keynes Council paid an annual management fee for the day-to-day running of the community facili�es.

The Family Support Services business is wholly funded by Her�ordshire County Council management fee, under a six-year contract secured following a compe��ve tendering process.

InspireAll does not undertake general fundraising ac�vi�es on its own behalf and does not employ professional fund-raisers or commercial par�cipators. As a consequence, InspireAll was not subject to an undertaking to be bound by any voluntary or statutory schemes for regula�ng or monitoring fundraising.

Page 6

INSPIREALL LEISURE AND FAMILY SUPPORT SERVICES

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2023

Strategic report

Reserves policy

obliga�ons) of £406,637 (2022: £451,107) and a cash balance of £3,838,802 (2022: £4,009,679). The current deficit posi�on is a direct impact of Covid. As the business con�nues to rebuild, the aim is to fully recover the deficit over the next 1 to 2 years and maintain a reserve fund of between £500K and £1m moving forward.

immediate threat to the day-to-day business of the Trust.

Going concern

A�er making appropriate enquiries, the Trustees have a reasonable expecta�on that the Trust has adequate resources to con�nue to operate for the foreseeable future. For this reason, they con�nue to adopt the going concern basis in preparing the financial statements. Further details regarding the adop�on of the going concern basis can be found in the Accoun�ng Policies.

Principal risks and uncertain�es

Whilst swimming par�cipa�on exceeds pre-Covid levels, some other ac�vi�es have yet to recover fully. The principal uncertainty, therefore, surrounds the ability to successfully grow and service the demand.

suitable candidates, and being able to offer rates of pay that are a�rac�ve to a�ract and retain the best employees.

The Family Support Services income stream is contractually secure, although the range and standard of service that the contract requires must, of course, be maintained.

Future plans

The focus is very much on trying to improve what is already managed and ensure that opera�ng surpluses can be generated to allow reinvestment into the facili�es.

facili�es over the next few years, though maintenance issues are growing in importance as the buildings age.

An important piece of work this year is the re-tendering of the Family Support Services contract.

Structure, governance and management

Governing document and charity cons�tu�on

The Trust and the group are registered as a charitable company (number 1093653) limited by guarantee and were set up by a Memorandum of Associa�on on 1 December 2003.

The Memorandum and Ar�cles of Associa�on were revised in 2006 to accommodate the addi�on of children's centres (now termed “family centres”) to the por�olio. The Memorandum and Ar�cles of Associa�on were further revised at the AGM in 2016 to remove non-Trustees as Members of the Company. The Members are the guarantors of the Charitable company and each has undertaken to contribute such amount as may be required (but not exceeding £1 each) to the Charitable Company's assets if it should be wound up while he or she is a Member or within one year a�er he or she should cease to be a Member, for payment of the Charitable company's debts and liabili�es contracted before he or she ceased to be a Member, and of the costs, charges and expenses of the winding up, and for the adjustments of the rights of the contributors among themselves.

Page 7

INSPIREALL LEISURE AND FAMILY SUPPORT SERVICES

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2023

Strategic report

The Charity is required to have between three and eleven Trustees. They are the Trustees of InspireAll in accordance with the Chari�es Act 2011 and they are also Directors in accordance with the Companies Act 2006. At the end of the financial year the number stood at six.

Recruitment and appointment of new trustees

The Board is con�nually seeking to recruit new Trustees to achieve a breadth of experience and skills. Vacancies are adver�sed as necessary, with suitable candidates ini�ally mee�ng the Chair and Chief Execu�ve to explore the opportunity. Candidates are then invited to a�end two Board mee�ngs as observers, prior to possible appointment.

Induc�on and training of new trustees

Many Trustees are users of the facili�es, so o�en come to the business with their experience as customers. All new Trustees are encouraged to spend �me with managers in various loca�ons, to gain further insight into the business. A Trustee guidebook provides a handy guide to the business and Trustees’ responsibili�es.

Organisa�onal structure and decision making

The Board of Trustees meets at least quarterly and has delegated the responsibility for administering the Charity to a management team that has been formed jointly with SLL:

Natalie Palmer Chief Execu�ve Ofcer
Liz Applin Head of Family Centres
Lee Medlock Head of Opera�ons
Adrian Hill Head of IT
Donna Radics Head of HR
Mar�n Smith Head of Facili�es

In addi�on to the Board Mee�ngs, there are regular mee�ngs of the Finance and Development, HR, and more recently Sales and Marke�ng commi�ees. These commi�ees allow Trustees with relevant experience to engage proac�vely with the business.

marke�ng, HR and energy. In addi�on to the general management experience of opera�ng at senior levels in their respec�ve professions.

Structure, governance and management

None of the three Local Authori�es presently served by InspireAll (HBC, MKC and HCC) nominate people for considera�on by the Trustees.

Coopera�on with other organisa�ons

InspireAll operates independently, but occupies buildings owned by HBC, MKC, and HCC.

The Family Support Services team works in co-opera�on with Her�ordshire Community Trust, Barnardo’s and One YMCA.

of scale and improved support.

Page 8

INSPIREALL LEISURE AND FAMILY SUPPORT SERVICES

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2023

Strategic report

Risk management

The Board and the Finance & Development Commi�ee review monthly management accounts, re-forecasts and Key Performance Indicators at each mee�ng. The Risk Register is formally reviewed at Board level and updated accordingly.

EVENTS SINCE THE END OF THE YEAR

On a posi�ve note, trading has con�nued to recover with overall income levels exceeding expecta�ons in 2023-24. The swimming lesson programme has gone from strength to strength and gym member numbers are steadily increasing each month.

The repayment of the HBC loan con�nues in line with the planned schedule.

A full review of the rates of pay was undertaken in April 2023 and InspireAll were proud to award a minimum pay increase of 5% across all roles.

Statement of trustees' responsibili�es

The trustees (who are also the directors of Inspireall Leisure and Family Support Services for the purposes of company law) are responsible for preparing the Report of the trustees and the financial statements in accordance with applicable law and United Kingdom Accoun�ng Standards (United Kingdom Generally Accepted Accoun�ng Prac�ce) including Financial Repor�ng Standard 102 "The Financial Repor�ng Standard applicable in the UK and Republic of Ireland"

view of the state of affairs of the charitable company and of the incoming resources and applica�on of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

The trustees are responsible for keeping proper accoun�ng records which disclose with reasonable accuracy at any �me the financial posi�on 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 for taking reasonable steps for the preven�on and detec�on of fraud and other irregulari�es.

In so far as the trustees are aware:

Page 9

INSPIREALL LEISURE AND FAMILY SUPPORT SERVICES

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2023

Strategic report

Auditors

The auditors, Menzies LLP, will be proposed for re-appointment at the forthcoming Annual General Mee�ng.

InspireAll uses its auditors to help prepare the Financial Statements. to safeguard auditor objec�vity and independence, InspireAll request that a member of staff separate to the audit team is used to prepare the statutory accounts.

Report of the trustees, incorpora�ng a Strategic report, approved by order of the board of trustees, as the company directors, on ............................................... and signed on the board's behalf by:

.....................................................................

C N Warne - Trustee

Page 10

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF INSPIREALL LEISURE AND FAMILY SUPPORT SERVICES

Opinion

company') for the year ended 31st March 2023 which comprise the Statement of financial ac�vi�es, the Statement of financial posi�on, the Statement of cash flows and notes to the financial statements, including a summary of significant accoun�ng policies. The financial repor�ng framework that has been applied in their prepara�on is applicable law and United Kingdom Accoun�ng Standards (United Kingdom Generally Accepted Accoun�ng Prac�ce), including Financial Repor�ng Standard 102 'The Financial Repor�ng Standard applicable in the UK and Republic of Ireland'.

Basis for opinion

We conducted our audit in accordance with Interna�onal Standards on Audi�ng (UK) (ISAs (UK)) and applicable law. Our responsibili�es under those standards are further described in the Auditors' responsibili�es for the audit of the financial statements sec�on of our report. We are independent of the charitable company 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 responsibili�es 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 rela�ng to going concern

accoun�ng in the prepara�on of the financial statements is appropriate.

condi�ons that, individually or collec�vely, may cast significant doubt on the charitable company's ability to con�nue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibili�es and the responsibili�es of the trustees with respect to going concern are described in the relevant sec�ons of this report.

Page 11

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF INSPIREALL LEISURE AND FAMILY SUPPORT SERVICES

Other informa�on

The trustees are responsible for the other informa�on. The other informa�on comprises the informa�on included in the Annual report, other than the financial statements and our Report of the independent auditors thereon.

explicitly stated in our report, we do not express any form of assurance conclusion thereon.

doing so, consider whether the other informa�on is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we iden�fy such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other informa�on, we are required to report that fact. We have nothing to report in this regard.

Opinions on other ma�ers prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Ma�ers on which we are required to report by excep�on

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not iden�fied material misstatements in the Report of the trustees.

We have nothing to report in respect of the following ma�ers where the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibili�es of trustees

As explained more fully in the Statement of trustees' responsibili�es, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the prepara�on of the financial statements and for being sa�sfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the prepara�on of financial statements that are free from material misstatement, whether due to fraud or error.

con�nue as a going concern, disclosing, as applicable, ma�ers related to going concern and using the going concern basis of accoun�ng unless the trustees either intend to liquidate the charitable company or to cease opera�ons, or have no realis�c alterna�ve but to do so.

Page 12

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF INSPIREALL LEISURE AND FAMILY SUPPORT SERVICES

material misstatement, whether due to fraud or error, and to issue a Report of the independent auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detec�ng irregulari�es, including fraud is detailed below:

of the en�ty or indicate a previously unrecognised risk of material misstatement that could be due to fraud.

Repor�ng Council's website at www.frc.org.uk/auditorsresponsibili�es. This descrip�on forms part of our Report of the Independent Auditors.

Page 13

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF INSPIREALL LEISURE AND FAMILY SUPPORT SERVICES

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 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those ma�ers we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permi�ed by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

M R Hubbocks FCA (Senior Statutory Auditor) for and on behalf of Menzies LLP

Chartered Accountants and Statutory Auditors Richmond House Walkern Road Stevenage Her�ordshire SG1 3QP

Date: .............................................

Page 14

INSPIREALL LEISURE AND FAMILY SUPPORT SERVICES

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31ST MARCH 2023

Notes
INCOME AND ENDOWMENTS FROM
Income from charitable ac�vi�es
3
Retail income
4
Other income
5
Total
EXPENDITURE ON
Goods for resale
Charitable ac�vi�es
6
Opera�on of leisure facili�es
Family centres
Support costs
Total
NET INCOME/(EXPENDITURE)
Other recognised gains/(losses)
Actuarial gains/(losses) on defned beneft
schemes
Net movement in funds
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
CONTINUING OPERATIONS		 2023
Total
funds
£
15,947,973
916,828
301,000
17,165,801
468,490
11,619,935
4,487,365
588,541
17,164,331
1,470
630,000
631,470
(1,038,107)
(406,637)		 2022
Total
funds
£
14,868,712
559,843
361,680
15,790,235
283,274
10,170,843
4,379,351
878,785
15,712,253
77,982
1,949,000
2,026,982
(3,065,089)
(1,038,107)

All income and expenditure has arisen from con�nuing ac�vi�es.

Page 15

INSPIREALL LEISURE AND FAMILY SUPPORT SERVICES (REGISTERED NUMBER: 04343347)

STATEMENT OF FINANCIAL POSITION 31ST MARCH 2023

Notes
FIXED ASSETS
Tangible assets
13
CURRENT ASSETS
Stocks
14
Debtors
15
Cash at bank
CREDITORS
Amounts falling due within one year
16
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
CREDITORS
Amounts falling due a�er more than one year
17
PENSION LIABILITY
20
NET ASSETS
FUNDS
19
Unrestricted funds
TOTAL FUNDS		 2023
Total
funds
£
3,741,010
70,941
746,699
3,838,802
4,656,442
(5,028,800)		 2022
Total
funds
£
4,333,962
44,415
556,626
4,009,679
4,610,720
(5,076,613)
(372,358)
3,368,652
(3,775,289)
-		 (465,893)
3,868,069
(4,319,176)
(587,000)
(406,637)
(406,637)
(406,637)		 (1,038,107)
(1,038,107)
(1,038,107)

............................................. and were signed on its behalf by:

............................................. C N Warne - Trustee

Page 16

INSPIREALL LEISURE AND FAMILY SUPPORT SERVICES

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31ST MARCH 2023

Cash fows from opera�ng ac�vi�es
Net income for the repor�ng period
Deprecia�on charges
Impairment
Increase in stocks
(Increase)/decrease in debtors
(Decrease)/increase in creditors
Current service cost
Interest cost on defned beneft obliga�on
Contribu�ons by employer
Interest income on plan assets
Net cash provided by opera�ng ac�vi�es
Cash fows from inves�ng ac�vi�es
Purchase of tangible fxed assets
Net cash used in inves�ng ac�vi�es
Cash fows from fnancing ac�vi�es
Loan repayments in year
Net cash (used in)/provided by fnancing ac�vi�es
Change in cash and cash equivalents in the
repor�ng period
Cash and cash equivalents at the beginning
of the repor�ng period
Cash and cash equivalents at the end of the
repor�ng period		 2023
£
1,470
1,250,392
-
(26,526)
(190,073)
(63,700)
109,000
317,000
(82,000)
(301,000)
1,014,563
(657,440)
(657,440)
(528,000)
(528,000)
(170,877)
4,009,679
3,838,802		 2022
£
77,982
1,222,216
1
(20,131)
241,668
327,832
128,000
269,000
(80,000)
(220,000)
1,946,568
(220,858)
(220,858)
-
-
1,725,710
2,283,969
4,009,679

Page 17

INSPIREALL LEISURE AND FAMILY SUPPORT SERVICES

NOTES TO THE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31ST MARCH 2023

ANALYSIS OF CHANGES IN NET DEBT
Net cash
Cash at bank
Debt
Debts falling due within 1 year
Debts falling due a�er 1 year
Total		 At 1.4.22
£
4,009,679		 Cash fow
£
(170,877)		 At 31.3.23
£
3,838,802
4,009,679 (170,877) 3,838,802
(528,000)
(4,319,176)
(4,847,176)
(837,497)		 (15,887)
543,887
528,000
357,123		 (543,887)
(3,775,289)
(4,319,176)
(480,374)

Page 18

INSPIREALL LEISURE AND FAMILY SUPPORT SERVICES

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023

1. STATUTORY INFORMATION

InspireAll Leisure and Family Support Services is a private company limited by guarantee, registered in England and Wales, as a well as being a charity registered in the same jurisdic�on. The charity's registered numbers and office address can be found within the reference and administra�ve details on page 1.

2. ACCOUNTING POLICIES

been prepared in accordance with the Chari�es SORP (FRS 102) 'Accoun�ng and Repor�ng by Chari�es: Statement of Recommended Prac�ce applicable to chari�es preparing their accounts in accordance with the Financial Repor�ng Standard applicable in the UK and Republic of Ireland (FRS 102) (effec�ve 1 January 2019)', Financial Repor�ng Standard 102 'The Financial Repor�ng Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

In assessing the going concern posi�on of the charity for the year ended 31st March 2023, the trustees have considered cashflows, liquidity and business ac�vi�es. As at 31st March 2023, the charity held cash reserves of £3.8 million which are available for general charitable purposes, including but not limited to funding new sites, working capital and future capital expenditure required to ensure that the facili�es remain first class for users.

In making this assessment, the trustees have considered the an�cipated levels of EBITDA, together with the cash flows and liquidity of the charity over the coming 12 months. Based on this assessment, the trustees currently believe that they can maintain sufficient liquidity to con�nue to operate within the exis�ng facili�es for the coming 12 months.

Income

All income is recognised in the Statement of Financial Ac�vi�es once the charity has en�tlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabili�es are recognised as expenditure as soon as there is a legal or construc�ve obliga�on commi�ng the charity to that expenditure, it is probable that a transfer of economic benefits will be required in se�lement and the amount of the obliga�on can be measured reliably.

Page 19

INSPIREALL LEISURE AND FAMILY SUPPORT SERVICES

NOTES TO THE FINANCIAL STATEMENTS - con�nued FOR THE YEAR ENDED 31ST MARCH 2023

2. ACCOUNTING POLICIES - con�nued

economic life:

Long leasehold - over the life of the lease Plant and machinery - 3 to 10 years on cost Fixtures and fi�ngs - 3 to 5 years on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, a�er making due allowance for obsolete and slow moving items.

Taxa�on

The charity is exempt from corpora�on tax on its charitable ac�vi�es.

Fund accoun�ng

Unrestricted funds can be used in accordance with the charitable objec�ves at the discre�on of the trustees.

statements.

3. INCOME FROM CHARITABLE ACTIVITIES

Opera�on of leisure facili�es
Family centres		 2023
£
11,067,475
4,880,498
15,947,973		 2022
£
10,143,853
4,724,859
14,868,712

4. RETAIL INCOME

Secondary sales 2023
£
916,828		 2022
£
559,843

Page 20

INSPIREALL LEISURE AND FAMILY SUPPORT SERVICES

NOTES TO THE FINANCIAL STATEMENTS - con�nued FOR THE YEAR ENDED 31ST MARCH 2023

5. OTHER INCOME

OTHER INCOME
Expected return on re�rement beneft assets (see note 20)
Income from CJRS claims		 2023
£
301,000
-
301,000		 2022
£
220,000
141,680
361,680

6. CHARITABLE ACTIVITIES COSTS

Opera�on of leisure facili�es
Family centres
Support costs		 Direct
Costs (see
note 7)
£
11,619,935
4,487,365
-
16,107,300		 Support
costs (see
note 8)
£
-
-
588,541
588,541		 Totals
£
11,619,935
4,487,365
588,541
16,695,841

7. DIRECT COSTS OF CHARITABLE ACTIVITIES

DIRECT COSTS OF CHARITABLE ACTIVITIES
Staf costs
Premises expenses
Repairs and maintenance
Other costs
Deprecia�on		 2023
£
8,934,714
2,829,864
1,247,566
1,916,353
1,178,803
16,107,300		 2022
£
8,200,150
2,123,999
1,288,528
1,787,316
1,150,265
14,550,194

Page 21

INSPIREALL LEISURE AND FAMILY SUPPORT SERVICES

NOTES TO THE FINANCIAL STATEMENTS - con�nued FOR THE YEAR ENDED 31ST MARCH 2023

8. SUPPORT COSTS

Staf costs
Premises expenses
Repairs and maintenance
Other costs
Deprecia�on		 2023
£
525,211
21,000
3,062
(32,321)
71,589
588,541		 2022
£
562,245
21,000
549
223,040
71,951
878,785

9. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated a�er charging/(credi�ng):

Deprecia�on - owned assets
Auditors' remunera�on - audit services
Auditors' remunera�on - other services		 2023
£
1,250,392
11,082
-		 2022
£
1,222,216
12,500
2,000

10. TRUSTEES' REMUNERATION AND BENEFITS

ended 31st March 2022.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31st March 2023 nor for the year ended 31st March 2022.

Page 22

INSPIREALL LEISURE AND FAMILY SUPPORT SERVICES

NOTES TO THE FINANCIAL STATEMENTS - con�nued FOR THE YEAR ENDED 31ST MARCH 2023

11. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs
Defned beneft interest cost		 2023
£
8,227,970
539,516
375,439
317,000
9,459,925		 2022
£
7,530,500
483,146
479,749
269,000
8,762,395

The average monthly number of employees during the year was as follows:

Leisure facili�es
Family centre ac�vi�es
Senior management and administra�on		 2023
454
150
14
618		 2022
368
188
21
577

was:

£60,001 - £70,000
£70,001 - £80,000
£80,001 - £90,000		 2023
1
-
1
2		 2022
1
1
-
2

Key management remunera�on

Page 23

INSPIREALL LEISURE AND FAMILY SUPPORT SERVICES

NOTES TO THE FINANCIAL STATEMENTS - con�nued FOR THE YEAR ENDED 31ST MARCH 2023

12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

INCOME AND ENDOWMENTS FROM
Income from charitable ac�vi�es
Retail income
Other income
Total
EXPENDITURE ON
Goods for resale
Charitable ac�vi�es
Opera�on of leisure facili�es
Family centres
Support costs
Total
NET INCOME/(EXPENDITURE)
Other recognised gains/(losses)
Actuarial gains/(losses) on defned beneft
schemes
Net movement in funds
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
funds
£
Total
funds
£
14,868,712
14,868,712
559,843
361,680
559,843
361,680
15,790,235
15,790,235
283,274
283,274
10,170,843
4,379,351
878,785
10,170,843
4,379,351
878,785
15,712,253
15,712,253
77,982
77,982
1,949,000
1,949,000
2,026,982
2,026,982
(3,065,089)
(3,065,089)		 Unrestricted
funds
£
Total
funds
£
14,868,712
14,868,712
559,843
361,680
559,843
361,680
15,790,235
15,790,235
283,274
283,274
10,170,843
4,379,351
878,785
10,170,843
4,379,351
878,785
15,712,253
15,712,253
77,982
77,982
1,949,000
1,949,000
2,026,982
2,026,982
(3,065,089)
(3,065,089)
(1,038,107) (1,038,107)

Page 24

INSPIREALL LEISURE AND FAMILY SUPPORT SERVICES

NOTES TO THE FINANCIAL STATEMENTS - con�nued FOR THE YEAR ENDED 31ST MARCH 2023

13. TANGIBLE FIXED ASSETS

TANGIBLE FIXED ASSETS
Cost
At 1st April 2022
Addi�ons
At 31st March 2023
Deprecia�on
At 1st April 2022
Charge for year
At 31st March 2023
Net book value
At 31st March 2023
At 31st March 2022		 Long
leasehold
£
840,805
28,011
868,816
534,859
132,489
667,348
201,468
305,946		 Plant and
machinery
£
8,962,291
459,510
9,421,801
4,988,498
907,333
5,895,831
3,525,970
3,973,793		 Fixtures
and
f�ngs
£
304,788
169,919
474,707
250,565
210,570
461,135
13,572
54,223		 Totals
£
10,107,884
657,440
10,765,324
5,773,922
1,250,392
7,024,314
3,741,010
4,333,962

Page 25

INSPIREALL LEISURE AND FAMILY SUPPORT SERVICES

NOTES TO THE FINANCIAL STATEMENTS - con�nued FOR THE YEAR ENDED 31ST MARCH 2023

14.
STOCKS
Finished goods
15.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Other debtors
Prepayments and accrued income
16.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Bank loans (see note 17)
Trade creditors
VAT
Other creditors
Accruals and deferred income		 2023
£
70,941
2023
£
358,582
195,994
192,123
746,699
2023
£
543,887
997,655
315,032
971
3,171,255
5,028,800		 2022
£
44,415
2022
£
237,252
37,281
282,093
556,626
2022
£
528,000
716,334
368,197
5,953
3,458,129		 2022
£
44,415
2022
£
237,252
37,281
282,093		 2022
£
44,415
556,626
5,076,613

Deferred income has been recognised to ensure that charitable income has been accounted for in the correct financial period.

Page 26

INSPIREALL LEISURE AND FAMILY SUPPORT SERVICES

NOTES TO THE FINANCIAL STATEMENTS - con�nued FOR THE YEAR ENDED 31ST MARCH 2023

17. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR




Bank loans:
Due within one year, included in current liabili�es:
Bank loans due a�er more than one year:
The bank loans are repayable as follows:
Amounts falling due within one year:
Amounts falling between one and two years:
Amounts falling due between two and fve years:
Amounts falling due later than fve years:
Total		 2023
£
4,319,176
(543,887)
3,775,289
2023
£
543,887
571,713
1,896,702
1,306,874
4,319,176		 2022
£
4,847,176
(528,000)
4,319,176
2022
£
528,000
543,887
1,804,386
1,970,903
4,847,176

Included in secured creditors is £4,319,176 (2022: £4,847,176).

18. LEASING AGREEMENTS

Minimum lease payments under non-cancellable opera�ng leases fall due as follows:

Within one year
Between one and fve years		 2023
£
123,155
-
123,155		 2022
£
148,410
123,155
271,565

Page 27

INSPIREALL LEISURE AND FAMILY SUPPORT SERVICES

NOTES TO THE FINANCIAL STATEMENTS - con�nued FOR THE YEAR ENDED 31ST MARCH 2023

19. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Family centres
96 Shenley Road
Bushey Community Centre
Herts sports
Re�rement beneft obliga�ons
TOTAL FUNDS		 At 1.4.22
£
(1,635,602)
1,202,773
(14,917)
(11,090)
7,729
(587,000)
(1,038,107)
(1,038,107)		 Net
movement
in funds
£
(450,589)
502,241
(2,630)
(35,135)
30,583
587,000
631,470
631,470		 At
31.3.23
£
(2,086,191)
1,705,014
(17,547)
(46,225)
38,312
-
(406,637)
(406,637)

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Family centres
96 Shenley Road
Bushey Community Centre
Herts sports
Re�rement beneft obliga�ons
TOTAL FUNDS		 Incoming
resources
£
11,291,712
4,989,606
459,197
47,739
76,547
301,000
17,165,801
17,165,801		 Resources
expended
£
(11,742,301)
(4,487,365)
(461,827)
(82,874)
(45,964)
(344,000)
(17,164,331)
(17,164,331)		 Gains and
losses
£
-
-
-
-
-
630,000
630,000
630,000		 Movement
in funds
£
(450,589)
502,241
(2,630)
(35,135)
30,583
587,000
631,470
631,470

Page 28

INSPIREALL LEISURE AND FAMILY SUPPORT SERVICES

NOTES TO THE FINANCIAL STATEMENTS -con�nued FOR THE YEAR ENDED 31ST MARCH 2023

19. MOVEMENT IN FUNDS - con�nued

Compara�ves for movement in funds

Unrestricted funds
General fund
Family centres
96 Shenley Road
Bushey Community Centre
Herts sports
Re�rement beneft obliga�ons
TOTAL FUNDS		 At 1.4.21
£
(1,604,723)
988,373
(14,917)
(66)
5,244
(2,439,000)
(3,065,089)		 Net
movement
in funds
£
(30,879)
214,400
-
(11,024)
2,485
1,852,000
2,026,982		 At
31.3.22
£
(1,635,602)
1,202,773
(14,917)
(11,090)
7,729
(587,000)
(1,038,107)

Compara�ve net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Family centres
96 Shenley Road
Bushey Community Centre
Herts sports
Re�rement beneft obliga�ons
TOTAL FUNDS		 Incoming
resources
£
10,379,452
4,722,760
341,631
81,659
44,733
210,000
15,790,235
15,790,235		 Resources
expended
£
(10,410,331)
(4,508,360)
(341,631)
(92,683)
(42,248)
(193,000)
(15,712,253)
(15,712,253)		 Gains and
losses
£
-
-
-
-
-
1,949,000
1,949,000
1,949,000		 Movement
in funds
£
(30,879)
214,400
-
(11,024)
2,485
1,852,000
2,026,982
2,026,982

Page 29

INSPIREALL LEISURE AND FAMILY SUPPORT SERVICES

NOTES TO THE FINANCIAL STATEMENTS - con�nued FOR THE YEAR ENDED 31ST MARCH 2023

19. MOVEMENT IN FUNDS - con�nued

The purpose of material designated funds is as follows:

FAMILY CENTRES

This is a 6 year contract from 1st October 2018 to oversee 50% of Her�ordshire County Council's Family Support Centres. Total funding received 2022/23 was £4,989,606 (2021/22: £4,722,760).

HERTS SPORTS

programs to get people more ac�ve and to live healthier lifestyles.

96 SHENLEY ROAD

96 Shenley Road is managed by InspireAll on behalf of Her�ordshire County Council. The building is a mul�purpose facility including library, mee�ng rooms, performance facili�es and cafe. Any surpluses are repayable to HCC and any deficits underwri�en by HCC.

20. EMPLOYEE BENEFIT OBLIGATIONS

Present value of funded obliga�ons
Fair value of plan assets

Present value of unfunded obliga�ons
Surplus not recognised
Net surplus / (liability)		 Defned beneft
pension plans
2023
£
(8,977,000)
10,714,000
2022
£
(11,823,000)
11,236,000
1,737,000
-
(587,000)
-
(1,737,000)
-
-
(587,000)		 Defned beneft
pension plans
2023
£
(8,977,000)
10,714,000
2022
£
(11,823,000)
11,236,000
1,737,000
-
(587,000)
-
(1,737,000)
-
-
(587,000)		 Defned beneft
pension plans
2023
£
(8,977,000)
10,714,000
2022
£
(11,823,000)
11,236,000
1,737,000
-
(587,000)
-
(1,737,000)
-
-
(587,000)
-
(587,000)

Page 30

INSPIREALL LEISURE AND FAMILY SUPPORT SERVICES

NOTES TO THE FINANCIAL STATEMENTS - con�nued FOR THE YEAR ENDED 31ST MARCH 2023

20. EMPLOYEE BENEFIT OBLIGATIONS - con�nued

Current service cost
Net interest from net defned beneft
asset/liability
Past service cost
Actual return on plan assets		 Defned beneft
pension plans
2023
£
109,000
2022
£
128,000
16,000
-
49,000
-
125,000
177,000
(362,000)
305,000		 Defned beneft
pension plans
2023
£
109,000
2022
£
128,000
16,000
-
49,000
-
125,000
177,000
(362,000)
305,000
177,000
305,000
Opening defned beneft obliga�on
Current service cost
Contribu�ons by scheme par�cipants
Interest cost
Actuarial losses/(gains)
Benefts paid		 Defned beneft
pension plans
2023
£
11,823,000
109,000
17,000
317,000
(3,030,000)
(259,000)
2022
£
13,523,000
128,000
17,000
269,000
(1,864,000)
(250,000)
8,977,000
11,823,000		 Defned beneft
pension plans
2023
£
11,823,000
109,000
17,000
317,000
(3,030,000)
(259,000)
2022
£
13,523,000
128,000
17,000
269,000
(1,864,000)
(250,000)
8,977,000
11,823,000
11,823,000

Page 31

INSPIREALL LEISURE AND FAMILY SUPPORT SERVICES

NOTES TO THE FINANCIAL STATEMENTS - con�nued FOR THE YEAR ENDED 31ST MARCH 2023

20. EMPLOYEE BENEFIT OBLIGATIONS - con�nued

Changes in the fair value of scheme assets are as follows:


Opening fair value of scheme assets
Contribu�ons by employer
Contribu�ons by scheme par�cipants
Expected return
Actuarial gains/(losses)
Benefts paid		 Defned beneft
pension plans
2023
£
11,236,000
82,000
17,000
301,000
(663,000)
(259,000)
2022
£
11,084,000
80,000
17,000
220,000
85,000
(250,000)
10,714,000
11,236,000		 Defned beneft
pension plans
2023
£
11,236,000
82,000
17,000
301,000
(663,000)
(259,000)
2022
£
11,084,000
80,000
17,000
220,000
85,000
(250,000)
10,714,000
11,236,000
11,236,000

The amounts recognised in other recognised gains and losses are as follows:

Actuarial gains/(losses)
Surplus not recognised		 Defned beneft
pension plans
2023
£
2,367,000
(1,737,000)
2022
£
1,949,000
-
630,000
1,949,000

The major categories of scheme assets as a percentage of total scheme assets are as follows:

Defned beneft Defned beneft
pension plans
2023 2022
Equi�es 52% 55%
Bonds 21% 25%
Property 14% 13%
Cash 13% 7%
100% 100%
2023 2022
Discount rate 4.75% 2.70%
Future salary increases 3.45% 3.50%
Future pension increases 2.95% 3.10%

Page 32

INSPIREALL LEISURE AND FAMILY SUPPORT SERVICES

NOTES TO THE FINANCIAL STATEMENTS - con�nued FOR THE YEAR ENDED 31ST MARCH 2023

20. EMPLOYEE BENEFIT OBLIGATIONS - con�nued

£1,737,000 as at the 31st of March 2023 however in accordance with FRS 102 Sec�on 28.22 the surplus has been derecognised.

from those of the charity in independently administered funds. The pension cost charge represents contribu�ons payable by the charity to the funds and amounted to £266,439 (2022: £351,749).

21. CONTINGENT LIABILITIES

The charity issued a performance bond of £100,000 to Milton Keynes Council on 1 November 2009 which is valid for 15 years in rela�on to the charitable company's contract with the Council. The charity has undertaken to reimburse RBS for any amount called under this guarantee and has given RBS a charge over a deposit totalling £50,000.

22. RELATED PARTY DISCLOSURES

There were no related party transac�ons for the year ended 31st March 2023 (2022: none).

Page 33