## 2024 **Report and Accounts** Registered Company No: 04881803 Registered Charity No: 1101519 We **believe in you** th ## Introduction The Trustees submit their annual report and accounts for the year ended 31 December 2024. The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland (FRS 102). Since the Charitable Company qualifes as small under section 383, the strategic report required of medium and large companies under The Companies Act 2006 (Strategic Report and Director’s Report) Regulations 2013 is not required. The Trustees confirm that they have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing the Trust’s aims and objectives and in planning future activities. ## Objectives, activities, achievements, performance and public benefit - The Charity’s core objectives, as set out in the governing document, are currently to: Promote and assist in advancing education - Promote, or assist in promoting, community participation in healthy recreation - Provide, or assist in the provision of, recreational facilities for other organisations, in the interests of social welfare and with the objective of improving the condition of life for those for whom the facilities are provided Relieve sickness and disability and to preserve and protect health; and - Promote any other purpose that is charitable in English law. ## Board of Trustees Jenna Ackerley (resigned Jan 2025) Derek Bowden James Buckle Nymone Da Costa Jones Tim Greenacre (appointed Apr 2025) Julian Herbert Terry Hunt Harriet Johnson (resigned Jan 2025) Julie Shorrock Nigel Smith (resigned Mar 2025) Ashley Symonds (appointed Oct 2024) Christine Walters (resigned Jul 2024) Sally Westwood Alan Whittaker ## Executive Management Team Terry Baxter, Chief Executive Andrew Crump, Deputy Chief Executive Rachel Reddington, HR Lead Karina Scrivener, Chief Finance Officer ## Ambassadors Peter Dawes Simon Jay Andy Perrin ## External Auditor Sumer Auditco Limited Fitzroy House Crown Street Ipswich IP1 3LG ## Bankers Barclays Bank Plc 1 Princes Street Ipswich IP1 1PB ## Lawyers Birketts LLP 141 - 145 Prince’s Street Ipswich IP1 1QJ ## Board Sub-Committees Include Finance and Employment Programme and Outcomes Nomination Committee INTRODUCTION **03** ## **Contents** ||**INTRODUCTION**
**02**|**INTRODUCTION**
**02**| |---|---|---| ||Chair’sStatement -TerryHunt
04
Chief Executive’sStatement -TerryBaxter
05|| ||Chair’sStatement -TerryHunt|04| ||Chief Executive’sStatement -TerryBaxter|05| ||**TRUSTEES’ REPORT**
**06**|**TRUSTEES’ REPORT**
**06**| |---|---|---| ||Ouraims
07
2024Achievementsand Performance
09
Investingin tomorrow:aneyeon the future
10
Snapshot of2024
16
Our plansfor 2025
19
Financial review
20
Governance and administration
21
Trustee’ responsibilities statement
22|| ||Ouraims|07| ||2024Achievementsand Performance|09| ||Investingin tomorrow:aneyeon the future|10| ||Snapshot of2024|16| ||Our plansfor 2025|19| ||Financial review|20| ||Governance and administration|21| ||Trustee’ responsibilities statement|22| ||**ACCOUNTS**
**23**|**ACCOUNTS**
**23**| |---|---|---| ||IndependentAuditor’s report to themembers of Inspire SuffolkLtd
23
Accountsfor yearended31stDecember 2024
26|| ||IndependentAuditor’s report to themembers of Inspire SuffolkLtd|23| ||Accountsfor yearended31stDecember 2024|26| ## ’ Chair s Statement The last year has been a busy and successful one for Inspire, and it also marked the beginning of a period of significant change in terms of leadership of the Charity. At the end of 2025, we will say goodbye and a huge thank you to Terry Baxter, our excellent CEO, after a stellar career at the helm of Inspire for the last two decades. There will be plenty of opportunity during the year to pay full and proper tribute to Terry for his immense contribution, but suffice to say at this point that he will leave with our thanks and very good wishes for a long and very happy retirement. In 2024, the Board of Trustees appointed Andy Crump as CEO Designate. Andy has been with the charity for over two decades, having begun his tenure as an apprentice. I would like to take this opportunity to thank my fellow Trustees, who provide such valuable support and guidance to our Chief Executive and the senior team. I am grateful for their time and wisdom, which they give so generously. We continue to build strong partnerships, including Sizewell C, East Suffolk Council, Suffolk County Council, Ipswich Borough Council, Suffolk Police and Crime Commissioner, Suffolk New College and the University of Suffolk. And finally, I would like to offer my personal thanks to the amazing staff at Inspire, whose hard work, dedication and determination is always absolutely awesome. They are the lifeblood of this fantastic organisation. This is also a time of transition for the Board, with a number of departures and arrivals. Notably, we say thank you to Nigel Smith, our Vice-Chair, who has stood down after very long and distinguished service. During my time as Chair, Nigel has been enormously helpful and supportive, especially during the tough times caused by the Covid epidemic. We have also said goodbye to Harriet Johnson and Jenna Ackerley as Trustees, and we thank them both for their valuable contribution. Thank you all for your invaluable support. ## Terry Hunt, Chair Later this year, Julian Herbert, our longest-serving Trustee and Chair of our Finance & Employment Committee, will stand down. We thank Julian for his great contribution. We have welcomed two new Trustees: Ashley Symonds, who has a senior role at the East of England Co-op, and Tim Greenacre, who retired last year from his role as a Chief Operating Officer at the University of Suffolk. We look forward to working with them. We are also looking to recruit other new Trustees to the board, so if you know someone who fits the bill then do not hesitate to get in touch. I would also like to recognise the valuable contribution of our Ambassadors, Peter Dawes, Simon Jay and Andy Perrin, who give their time and expertise so generously to support our young people. CHIEF EXECUTIVE’S STATEMENT 05 ## Chief Executive’s Statement 2024 proved to be another strong year for Inspire. The range of programmes delivered to children and young people increased and the positive outcomes continue to motivate all of us, that are committed to ensure that those we work with have the best possible chance of improving their lives. I’m extremely grateful to all the Inspire team, our trustees, our supporters, sponsors and commissioners for the constant backing they provide. 2024, like every year, has thrown external challenges our way and yet we continue to weather the storm. Our focus in the year was very much on developing our youth services. Following the transfer of the Porch Project two years ago, the lessons and experience learned from the organisation has helped us to roll out more services including detached youth work in all three permanent sites (Ipswich, Lowestoft and Hadleigh). In addition to this, we have strived to progress our aim of delivering all services to all sites. This is work in progress, although good progress was made in 2024, including face-to-face counselling at all 3 key sites. During the year we invested in a new website for the organisation. The new platform provides, not only a first-class landing point for those looking to commission our services or to support us but importantly is aimed at encouraging access from the young people we are here to work with. We continue to develop the offering and will further enhance the visitor experience this year. After 19 years as CEO, this is the last statement that I will write for this incredible charity. Earlier this year I shared with the board my intention to retire from the role toward the end of 2025. I am extremely pleased that the board has appointed my longstanding colleague, Andy Crump, as CEO designate. Andy joined the charity as an apprentice and has worked his way to the top. What better way to illustrate our commitment to developing young people, and I can think of nobody better to pass the organisation onto when I leave. I am incredibly proud of all those who have helped ensure that we remain an important provider of our services to children and young people in need, I now look forward to watching the charity go from strength to strength in the future. ## Terry Baxter, CEO The facilities at our Ipswich, Lindbergh Road head office saw further improvements, with the creation of the Youth Hub. Thanks to investment by the Lottery, Youth Investment Fund, we now have a bespoke drop in area that is dedicated to young people. This will be used by our pre- and post-16 teams and, importantly, will provide space for our youth drop-in service and two bespoke consultation rooms that will be utilised by the Wellbeing team. This major investment in our site, has transformed our ability to deliver first rate services to our target groups and, along with the outdoor sport space, has broadened our offering to positively engage and inspire local young people. “I am incredibly proud of all those who have helped ensure that we remain an important provider of our services to children and young people in need.” OUR AIMS 07 ## Our Aims We are a dedicated youth charity, empowering under 25s to achieve a better future. Working closely with young people, we support their personal development and wellbeing, as well as helping them overcome obstacles and progress onto professional pathways. With more than 10 years behind us, we’re looking forward to a future where we can have an even greater impact on young lives and their communities. More opportunities, more friendships, more understanding, more services and more happiness. We help young people grow their confidence, build new skills, deal with adversity and find their path in life. ## Our purpose “We believe that young people deserve opportunities that enhance their social, emotional, physical and educational development to take on life with confidence.” MY INSPIRE STORY 08 ## A fresh start for Nadia Nadia came to Inspire feeling lost, struggling with her mental health and searching for a way forward. Referred by a mental health agency, she wanted to work but lacked the confidence to take that first step. Through our 12-week Personal Development Programme, Nadia began finding her feet, and a breakthrough moment came during the residential trip, where she tackled fears she never thought she’d overcome. After the programme, Nadia took a temporary job at a family-run accounting firm. When we learned of an apprenticeship in Business IT at GMA Warehousing, our tutor encouraged her to attend an insight day. Inspired by the visit, Nadia went on to impress at interview and was thrilled to receive a job offer. Now, Nadia is flourishing in her new role, excited to be building her career. Her story shows how far the right support can go. Every year, we help thousands of young people like Nadia to rewrite their stories. 2024 ACHIEVEMENTS AND PERFORMANCE **09** # 2024 **Achievements and performance** 2024 ACHIEVEMENTS AND PERFORMANCE **10** ## **Investing in tomorrow: an eye on the future** 2024 was a key year for Inspire and afforded us time to refocus and evolve our services. We began by refining our charity’s purpose to ensure it reflected our ethos and the work we deliver. This change marks our commitment to the belief that young people deserve opportunities that enhance their social, emotional, physical and educational development, ensuring they are equipped to take on life with confidence. This sentiment subsequently shaped our activity across the year. From launching new services and building partnerships, to investing in our website and developing safe spaces for support, we continue to refine our holistic range of services to meet the real challenges young people face in today’s world. Whether it’s wellbeing, skills development, or simply being a safe place to turn to, 2024 has been about fuelling young people forward. **“I didn’t think I would be able to get a job again. This has been such a big help. I’m really excited about my future now, but I’m also a little sad I won’t be having sessions anymore!”** ## **Creating Spaces That Support Our Mission** In partnership with the University of Suffolk, we announced plans to develop much-needed sporting facilities for young people and students, designed to support both their mental and physical wellbeing. These include a full-size grass pitch built to BUCS standards, with secure fencing and floodlighting, as well as an all-weather pitch to enable year-round access. This collaboration reflects our shared commitment to creating accessible experiences that promote health, resilience, and opportunity. ## **Making Support Easier to Find** With more young people seeking help in a digital world, we invested in a new website that makes it easier than ever to find support and access our services. The site is designed with young people in mind and is clear, easy to navigate, and instils confidence for those who may be unsure about taking the first step. It also streamlines referrals and helps professionals and supporters alike understand the what we do. It is our intention that this investment will strengthen our presence and make sure we’re in a better position to meet young people where they are. 2024 ACHIEVEMENTS AND PERFORMANCE **11** ## **Long-term impact in a changing world** ## **Youth Work for Real Needs** ## **Adapting to a Changing Landscape** Building on the success of 2023, youth work remains at the heart of what we do, and 2024 saw it continue to grow rapidly. From the creation of our brand-new Ipswich youth hub, made possible through the Youth Investment Fund, to the development of services in our Porch Project premises in Hadleigh High Street, we’ve been creating spaces to host important conversations with the next generation and build trusting relationships. These sessions are focused on the issues young people are really facing - from period poverty and hygiene, to staying safe online, healthy relationships, and more. While still a relatively new area of focus for us, the feedback we’ve had in local communities has incredibly reassuring, and tit is evident that there is a growing need for our services across the county. **“I doubt myself a lot. I’m such a worrier, I overthink the smallest thing. But now I feel like I’m back to the person I was before.”** As the needs of young people evolve, we continue to adapt the way we work. In a shifting social and educational climate, charities like ours must rethink how we connect with those who are hardest to reach. It’s not just about quick interventions but longer term support that builds trust and brings significant transformations over time. We’ve seen encouraging progress in working with young people who are further back in their journey and facing complex challenges. While the impact is slower, it is no less important. This shift has brought both new opportunities and challenges, particularly as we work more closely with schools to intervene earlier. Established programmes like NCS have also changed direction, prompting us to re-evaluate how we partner and what provision is now needed to ensure no young person slips through the gaps. However, our core focus remains the same - we must stay live to the challenges of young people and ensure we are here for them not just next year but next decade. FUNDING SUCCESS 12 ## Fundin g ## success Inspire is grateful for the support from our funders. Through grants, contracts, and more, they have not just believed in our work but actively contributed to making a difference. From providing clothing for students attending interviews to supporting children accessing free sports activities, each contribution leaves a lasting impact. Thanks to their generosity, we're able to continue to touch lives in meaningful ways, ensuring that every instance of support translates to positive change for someone in our community. skills ? Uh the link to your future TAYLOR’S JOURNEY 13 ## Ta ’s Journe ylor y Discover how Taylor overcame challenges, opening the door to new opportunities, with the help of Inspire... **----- Start of picture text -----**
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Taylor came to Inspire feeling anxious and unsure, struggling to settle into a new sixth form. Realising that school wasn’t the right fit, she decided to leave, and Suffolk County Council’s Early Help team connected her with us. That’s when she met Lisa, our Youth Employment Coach, who quickly recognised Taylor’s extraordinary talent for art - especially her ability to capture the beauty of animals. Together, they reached out to local businesses and artists, seeking guidance on how Taylor could showcase and sell her work. A shop in Saxmundham gave invaluable advice on displaying her pieces, and it was here Taylor realised her dream could become a career. Today, Taylor’s art business is flourishing, with regular commissions for her stunning pet portraits. She’s now building a future she once thought was out of reach and is just one of many young people we’re proud to support to realise their potential. FUNDRAISING AND EVENTS **14** ## **Fundraising and events** Inspire’s events throughout the year have not only raised vital funds but brought us even closer to our local community. From the incredible £55,000 raised at our annual charity ball to our ever-popular Golf Day, which raised £7,500, every event reflected the generosity of our supporters and their belief in what we do. We were proud to cheer on Louis and Craig Perrin of Hemisphere Freight as they ran the London Marathon for us raising an incredible £4,500, and grateful to the six student teams who took on Race Across Norfolk to fundraise for our work. In January, the family of Joey Langfield, who sadly passed after a heart attack last year, hosted ‘Joechella’ to celebrate what would have been his 30th birthday - the event raised an incredible £8,500. Longstanding partners - like MSC and GMA - continued to champion Inspire, with former students now playing important roles in their workforce. Recognition to the incredible fundraising efforts of our supporters in the business community, in particular Mad-HR who celebrated their 10th Birthday by raising an incredible £10k for Inspire. With support from Events Under Canvas, we had a fantastic presence at this year’s Suffolk Show, and volunteering days from Sizewell C and others helped us maintain our centres, letting us focus our funding on young people. Special thanks also to everyone who chose us as their charity of the year, including the Mayor of Ipswich who raised over £10k, as their support continues to help fuel the journeys of countless students. You’re in good hands! Talk to a member of our team about fundraising: **fundraising@inspiresuffolk.org.uk** BETTER TOGETHER 15 ## Transforming youth spaces in Ipswich 2024 was a landmark year in our mission to create inclusive, safe, and empowering spaces for young people in Suffolk. A £1.3 million grant from the Youth Investment Fund helped us begin transforming our Lindbergh Road site in Ipswich into a vibrant, youth-led hub. Building work was completed by the end of the year and we immediately began using the new spaces to facilitate our services. The redevelopment includes purpose-built spaces for youth work, recreation, counselling, and education. It has strengthened our ability to support young people facing barriers to participation, wellbeing, and education. This investment has expanded key services such as: - Targeted and open access sport and physical activity, using sport as a tool for development and a positive alternative to negative influences. - Open access youth work, offering informal support in a safe and welcoming setting. - Outreach and detached work, building relationships with young people in their communities and connecting them to wider services. - Education programmes, with new classrooms and digital facilities for young people at risk of disengaging from school or work. - Counselling and wellbeing, with private rooms to increase access to timely, face-to-face support. At the heart of this project is our commitment to meeting young people where they are, whether emotionally, developmentally, or geographically, and providing services that reflect their evolving needs. Over the last 10 years, we have engaged over 5,500 young people and 21,000 children. As we move into 2025, the YIF partnership will help establish our Ipswich hub as a flagship for youth work and opportunity. We hope to replicate this success at Colville House in Lowestoft and look forward to seeing continued investment through the Government’s upcoming Youth Strategy. We are grateful to YIF for helping bring this vision to life. This is more than a building. It is an investment in futures. ## **In** the last 11 years **What do we have... we do?** supported approximately 7,500 young people and 22,000 children ## **In 2024...** **195** hours of open access sport ## **29%** of C&YP we support reported poor mental health prior to our support **90%** of young people said they have seen an improvement in their own wellbeing following support from the service. **1890** **4432** **5629** sessions of free counselling delivered for young people ages 10-25 struggling with poor mental health. hours of holistic youth employment support accessed by young people for badvice and guidance. holiday club places provided for local children young **722** people supported by our youth employment coaches **96%** of young people felt the wellbeing service met their needs. ## **98% grew in confidence** empowering them to take on challenges and believe in themselves. This shift opens doors to bri hter futures in work and life. g of children and young people who **98%** completed counselling would recommend the service to a friend. ## **261** young people progressed into education, employment or training Local schools we work closely with to reenage at risk young people and **8** help them attain their qualifications. ee **420** younour youthg peoplworke acceers ssing support from OO **493** positive outcomes recorded for young people following our support METRE **129,023 75%** visitors to our venues in Ipswich, Lowestoft more wellbeing support and Hadleigh delivered to children and an young people than targetted INSPIRE li¢ 305779 SK 25G 11 41, Our Plans for 2025 19 ## Our plans for 2025 The charity remains committed to ensuring young people receive timely support to services that raise aspiration and offer opportunities for them to fulfill their potential. Our work continues to evolve in response to the needs of the communities we serve, with a renewed focus on helping people understand our purpose and ensuring every interaction with Inspire is a reflection of our vision. In 2025, we will enhance community engagement by telling more stories from our service users. By doing so, we aim to help more people understand who we are, what support looks like, and feel confident turning to Inspire when they need us. Successful contract renewals for Thrive and The Youth Employment Service supports our commitment to working with young people who are unemployed or furthest from the labor market. Through tailored support, training and mentoring, these programmes are crucial in supporting the first steps towards independence, employment or further education. As part of our commitment to income diversification, we will continue to strengthen relationships with our business community whose support not only drives donations, but creates meaningful opportunities for young people through employment opportunities, insights and work experience. Following the successful transfer of the Porch Project and the expansion of our detached youth work model, our presence in Ipswich, Lowestoft and Hadleigh has grown. This work will prioritise meeting young people where they are, giving them a voice in shaping future provision and ensuring safe spaces are accessible in ways that matter most to them. Finally, we remain committed to ensuring our brilliant team of staff are equipped to do great things. This includes investing in the tools, systems and training needed to support optimal performance—enabling staff to carry out their roles with confidence and impact. ## Andy Crump, Deputy CEO In partnership with Sizewell C, we are maximising opportunities for young people through access to skills, training and employment programmes aligned to the project’s long-term ambitions. 2025 will see a greater emphasis on individual experience—with feedback helping us deliver quality access to education, wellbeing and personal development. We will continue to strengthen partnerships with FE colleges, creating alternative provision that meets local need and safeguards services to young people. Achieving Ofsted accreditation for our holiday clubs will ensure our provision reaches a wider and more diverse community. Our aim is to offer families structured, trusted care during school holidays, providing safe, high-quality environments where children can learn, play and connect. ‘This work will prioritise meeting young people where they are, giving them a voice in shaping future provision and ensuring safe spaces are accessible in ways that matter most to them’ Financial Review 20 ## Financial Review Following a year of further significant developments and continued growth in our delivery, the Charity ended the year in a strong financial position. At the forefront of the financial strategy is the commitment that the Charity remains sustainable to secure the long term delivery of our services. During the year the Charity completed its second major capital investment in the space of two years. This was in relation to the capital grant received from the Lottery Youth Investment Fund totaling £1.2m, which transformed a wing of the Ipswich base in to a bespoke Youth Hub and counselling room area. This follows the project with the University of Suffolk in 2023 which resulted in income of £1.6m to develop the sports facilities. These projects have skewed our income in the last two years, with 2023 and 2024 both showing income in excess of £3m. Excluding these major capital projects, our core project delivery income has continued to grow consistently from £1.7m in 2023 to £2m in 2024, an increase of 19%. The key area of growth within our delivery has been the continued expansion of our Post-16 support within the Youth Employment Service and Thrive projects. The Charity has also seen growth in Pre-16 Youth support within the Porch project and across our outreach and delivery in schools across Ipswich and Lowestoft. Our strategy to generate funds through venue hire has improved following the investment in facilities in 2023. This now sees significant numbers of local sports and community groups accessing our upgraded sports areas. Fundraising and donations has remained a key focus, with our annual ball and golf days supporting the Charities unrestricted funds. Expenditure for the year grew by 5% to £1.6m, with careful financial planning and adapting to planned and unplanned funding changes as they arose. The year ended with an overall surplus of £1.6m, including the capital grants. The Board made the decision in the year to allocate capital funding from the two recent major projects to a designated fund (University Of Suffolk and Youth Investment Fund). This will enable the Charity to ring-fence these funds, future depreciation for these fixed assets will be charged against the designated funds. This will allow the Charity to manage its general unrestricted funds in a consistent and sustainable way. With this approach, the year ended with a general fund unrestricted surplus of £110k which has enabled the charity to restore its level of reserves. 2025 will continue to present significant challenges to the organisation, with the increases to Employers NI, increasing salary costs and an increasingly competitive funding climate. The Charity continues to strive to grow its provision of services to support young people whilst maintaining a secure and sustainable financial foundation. ## Reserves policy Reserves are held in order to provide for continuity of service in the event of the loss of a major funder or project, or a dramatic change in the Charity’s operating environment. The Charity reviewed its reserves policy during the year and agreed on three key areas for which it would hold reserves: 1. Operational Reserves 2. Capital Replacement Reserves 3. Project Development Reserves The board of Trustees considered the value of our reserves in the context of the current external climate, our size and activities, and agreed that the level of reserves required to meet the requirements of the policy should be increased from £300k to £400k (this is equivalent to 3 months of expenditure). The actual level of unrestricted reserves at the year-end (excluding fixed assets) was £315k. This is a positive growth in reserves of £85k from 2023 due to increased unrestricted income and carefully planned expenditure, with the benefits of capital investment in 2023 beginning to come to fruition in 2024. With the continued growth in service delivery, the increased level of reserves will ensure ongoing financial stability of the organisation. ## Investment policy The Charity does not have significant resources to invest, cash balances are held in current and deposit bank accounts, and fixed term deposits with the Charity’s main banker. This policy is reviewed annually. Governance and administration 21 ## Governance and administration . The persons who were Trustees as at the date of the approval of these accounts and those who have served as Trustees during the year are detailed on the Introduction page. For the purpose of this report the Directors/Trustees are referred to as Trustees. The Trustees’ Report incorporates the requirement of the Directors’ Report under company law. Inspire Suffolk Ltd (the “Charity” or the “Charitable Company”) is a sole member company that has been registered as a charity (1101519). The Charity’s governing documents are the Memorandum and Articles of Association dated 17th January 2013. The member is the Trustee Terry Hunt. Under the terms of these Articles of Association, the member may appoint a representative as a Director, who is also a Trustee. Further Trustees are appointed by the board. No other person or external body is entitled to appoint one or more of the Charity’s Trustees. The Trustees are responsible for the actions and activities of the Charity. All Trustees are appointed for a fixed term, and can then be re-appointed. ## Trustee Board The board of Trustees has ultimate legal responsibility for our organisation and works to ensure good governance with the help of its subcommittees (Finance and Employment Committee and Programmes and Outcomes Committee). The board agrees the overall strategic direction and is our highest decision-making body. Its members are volunteers. They work alongside the CEO and the senior management team, who are responsible for the implementation of policy and for the management of the day-to-day running of the organisation. A sub committee of the Board exists to determine the remuneration of the Chief Executive through a review of performance and consideration of market data. The remuneration of the senior management team is set by the Chief Executive. During the year the Charity paid for Trustee Indemnity Insurance amounting to £440 (2023: £446) on behalf of the Trustees. Trustee induction, recruitment and training Recommendations for Trustees are put before the Nominations Committee for approval. Once the recommendation has been approved, it is then agreed by the Board. The Charity continues to develop its procedure to ensure that the Trustee is aware of his or her responsibilities, has a good understanding of the Charity, understands its future strategy, is provided with relevant information from the Charity Commission and is offered ongoing training and information to ensure they are brought up to date with developments in law. Trustees are invited and encouraged to attend presentations and events which include the young people we work with. Trustees‘ terms of office last for three years, and they can serve up to three consecutive three-year terms, after which they may be invited to serve additional years at the invitation of the board, before standing down. ## Operational Management The Chief Executive Officer oversees a senior management team that includes, Deputy Chief Executive; Chief Finance Officer; Two Programme Managers; Grants & Development Manager; Multi-site Operations Manager, Senior Marketing Executive, Fundraising Manager and HR Lead / Executive Assistant to CEO. The Senior Management Team meets monthly to ensure that the organisation is meeting its strategic objectives, working to budget, assessing charitable impact and identifying opportunities. It also has responsibility to identify and manage risk. ## Risk The senior management team review of the risk register takes place at their monthly meetings. In addition, this document is considered by the Trustees in detail at least once every year, and is tabled at every Trustee Board Meeting. Any major risks to which the Charity is exposed, which include a loss of a major funder, and the effects of an unpredictable financial climate, as identified by the Trustees and management team, have been reviewed by the management team, and systems or procedures have been established to manage those risks. Trustees’ responsibilities statement 22 ## Trustees’ re bilities sponsi statement The Trustees (who are also the Directors for the purpose of company law) are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and regulations. Company law requires the Trustees to prepare financial statements for each financial year. Under that law the Trustees must prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the Trustees must not approve the financial statements unless they are satisfied that they 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. The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the Charitable Company’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. The Trustees confirm that so far as they are aware, there is no relevant audit information (as defined by section 418(3) of the Companies Act 2006) of which the Charitable Company’s auditor is unaware. They have taken all the steps that they ought to have taken as Trustees in order to make themselves aware of any relevant audit information and to establish that the Charitable Company’s auditor is aware of that information. ## Auditor In preparing these financial statements, the Trustees are required to: a) select suitable accounting policies and then apply them consistently; b) observe the methods and principles in the Charities SORP; The auditor, Sumer Auditco Limited, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006. This report was approved by the Trustees on 9 July 2025 and signed on its behalf by: c) make judgments and accounting estimates that are reasonable and prudent; d) state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and Terry Hunt, Trustee e) prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charitable Company will continue to operate. The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charitable Company’s transactions and disclose with reasonable accuracy at any time the financial position of the Charitable Company and 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 prevention and detection of fraud and other irregularities. Accounts 23 ## Accounts ## Independent Auditor’s report to the members of Inspire Suffolk Ltd ## Opinion We have audited the financial statements of Inspire Suffolk Ltd (the ‘Charitable Company’) for the year ended 31 December 2024 which comprise of the Statement of Financial Activities incorporating Income and Expenditure Account, the Balance Sheet, the Statement of Cash Flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (United Kingdom Generally Accepted Accounting Practice). ## In our opinion the financial statements: - give a true and fair view of the state of the Charitable Company’s affairs as at 31 December 2024 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended; - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and - have been prepared in accordance with the requirements of the Companies Act 2006. ## Basis for opinion We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section 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 responsibilities 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 relating to ongoing concern In auditing the financial statements, we have concluded that the Trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Charitable Company’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report. ## Other information The other information comprises the information included in the Annual Report other than the financial statements and our Auditor’s Report thereon. The Trustees are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify 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 information, we are required to report that fact. We have nothing to report in this regard. Accounts continued 24 ## Opinion on other matter prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit: - the information given in the Trustees’ Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and - the Trustees’ Report has been prepared in - accordance with applicable legal requirements. ## Matters on which we are required to ## report by exception In the light of our knowledge and understanding of the Charitable Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees’ Report. We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion: - adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or - the financial statements are not in agreement with the accounting records and returns; or certain disclosures of Trustees’ remuneration specified by law are not made; or - we have not received all the information and explanations we require for our audit; or the Trustees were not entitled to take advantage of the small companies’ exemption from the requirement to Accounts prepare a Strategic Report. ## Responsibilities of the Trustees As explained more fully in the Trustees’ responsibilities statement, the Trustees (who are also the directors of the Charitable Company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the Trustees are responsible for assessing the Charitable Company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the Charitable Company or to cease operations, or have no realistic alternative but to do so. ## Auditor responsibilities for the audit of ## the financial statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditor’s Report 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. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: We identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements from our general commercial experience and through discussions and enquiries of Trustees and management. During the engagement team briefing, the outcomes of these discussions were shared with the team, as well as consideration as to where and how fraud may occur in the Charitable Company. - The following laws and regulations were identified as being of significance to the Charitable Company: Those laws and regulations considered to have a direct effect on the financial statements including UK financial reporting standards, taxation regulations and the Charities Act 2011; The company is subject to many other laws and regulations where the consequences of noncompliance could have a material effect on amounts or disclosures in the financial statements, for instance through the imposition of fines or litigation. We identified the following areas as those most likely to have such an effect: health and safety, safeguarding, human rights and employment law and GDPR compliance. Accounts continued 25 Audit procedures undertaken in response to the potential risks relating to irregularities (which include fraud and noncompliance with laws and regulations) comprised of: enquiries of management and those charged with governance as to whether the Charitable Company complies with such regulations; enquiries of management and those charged with governance concerning any actual or potential litigation or claims, inspection of relevant legal documentation, review of board minutes, testing the appropriateness of entries in the nominal ledger, including journal entries and the performance of analytical procedures to identify any unexpected movements in account balances which may be indicative of fraud. The likelihood of detecting irregularities, including fraud, is limited by the inherent difficulty in detecting irregularities, the effectiveness of the entity’s controls, and the nature, timing and extent of the audit procedures performed. Irregularities that result from fraud might be inherently more difficult to detect than irregularities that result from error. As explained above, there is an unavoidable risk that material misstatements may not be detected, even though the audit has been planned and performed in accordance with ISAs (UK). ## Use of our report This report is made solely to the Charitable Company’s member, 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 member those matters we are required to state to the member in an Auditors’ Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Charitable Company and it’s member as a body, for our audit work, for this report, or for the opinions we have formed. John Perry (Senior Statutory Auditor) For and on behalf of Sumer Auditco Limited, Statutory Auditor Fitzroy House, Crown Street, Ipswich, IP1 3LG Date: A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: https://www.frc.org.uk/ auditorsresponsibilities. This description forms part of our Auditor’s Report. Statement of financial activities 26 ## Statement of financial activities Accounts for the year ended 31st December 2024 (Incorporating an income and expenditure account) ||Notes|31/12/2024
Unrestricted
general
funds (£)
31/12/2024
Restricted
funds (£)
31/12/2024
Totalfunds
(£)
31/12/2024
Unrestricted
designated
funds (£)|31/12/2024
Unrestricted
general
funds (£)
31/12/2024
Restricted
funds (£)
31/12/2024
Totalfunds
(£)
31/12/2024
Unrestricted
designated
funds (£)|31/12/2024
Unrestricted
general
funds (£)
31/12/2024
Restricted
funds (£)
31/12/2024
Totalfunds
(£)
31/12/2024
Unrestricted
designated
funds (£)|31/12/2024
Unrestricted
general
funds (£)
31/12/2024
Restricted
funds (£)
31/12/2024
Totalfunds
(£)
31/12/2024
Unrestricted
designated
funds (£)|31/12/2023
Totalfunds
(£)| |---|---|---|---|---|---|---| |Income
Grantsand donations
Charitable activities
Other trading activities
(fundraising)
Investments|2
2
2
2|68,608
1,061,978
81,941
10,150|-
-
-
-|1,869,138
87,241
-
-|1,937,746
1,149,219
81,941
10,150|606,087
2,587,854
111,515
4,018| |TOTAL INCOME||1,222,677|-|1,956,379|3,179,056|3,309,474| |Expenditureon:
Raising funds
Charitable activities|3
3|(55,483)
(1,057,468)|-
(92,189)|(371,217)
-|(55,483)
(1,520,874)|(83,909)
(1,417,922)| |TOTAL EXPENDITURE||(1,112,951)|(92,189)|(371,217)|(1,576,357)|(1,501,831)| |Net income and expenditure
andnet movement infunds
Reconciliation of funds
Totalfundsbroughtforward
Transfersbetweenfunds||1,936,032
(1,350,770)
109,726|-
2,960,981
(92,189)|484,250
(1,610,211)
1,585,162|2,420,282
1,602,699
-|612,639
1,807,643
-| |TOTAL FUNDS CARRIED FORWARD||694,988|2,868,792|459,201|4,022,981|2,420,282| > The above results arose wholly from continuing operations. > There were no gains or losses in either year other than the deficit for the year and accordingly, no statement of total recognised gains or losses is presented. > The notes on pages 29 to 40 form part of these financial statements. Balance Sheet 27 ## Balance Sheet ## As at 31st December 2024 ||Notes|31/12/2024
(£)|31/12/2023
(£)| |---|---|---|---| |||(£)|(£)| |Fixed assets
Tangible assets
Investments
NET FIXED ASSETS
Currentassets
Debtors
Cashatbankandin hand
TOTAL CURRENT ASSETS
Liabilities
Creditors:amountsfalling duewithin oneyear
NET CURRENT ASSETS
NET ASSETS
The funds ofthe charity
Restrictedincome funds
Unrestrictedincome funds -Generalfunds
Intangible assets
Unrestrictedincome funds -Designated funds|6
8
9
10
11
11
7
11
~~pf~~
ee|3,226,627
1
3,249,186
827,481
970,918
143,437
(197,123)
773,795
4,022,981
459,201
694,988
22,558
2,868,792
~~pf~~
ee|1,705,969
1
1,705,970
585,232
1,036,968
1,622,200
(907,888)
714,312
2,420,282
484,250
539,092
-
1,396,940
~~pf~~
ee| These financial statements are prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and were approved by the board of Trustees and authorised for issue on 9 July 2025 and were signed on its behalf by: Terry Hunt Julian Herbert Trustee Trustee Company registration No. 04881803. The notes on pages 29 to 40 form part of these financial statements. Cash flow statement **28** ## **Cash flow statement** For the year ending 31st December 2024 ||**Notes**|**31/12/2024**
**(£)**|**31/12/2023**
**(£)**| |---|---|---|---| |Netcashgenerated from operating activities
**Cash flows from investing activities**
Interest received
Purchaseoftangible assets
**Cash flows from operating activities**
Purchaseofintangible assets|18|1,419,845
10,150
(1,609,405)
(30,077)|1,456,879
4,018
(720,129)
-| |**Net cash used in financing activities**||**(1,629,332)**|**(716,111)**| |**Cash flows from financing activities**
Interest paid
Repayment of borrowings||-
-|(2,890)
(106,852)| |**Net cash (used in) financing activities**||**-**|**(109,742)**| |**Change in cash and cash equivalents in the year**
**Cash and cash equivalents at 1 January**
**Ch d h il 31 Db**||**(209,487)**
**1,036,968**|**631,026**
**405,942**| |**as an cas equvaents at ecemer**
19||**827,481**|**1,036,968**| ||||| Notes 29 ## Notes ## (Forming part of the financial statements) ## 1. Accounting Policies ## Basis of accounting The annual report and accounts for the year ended 31 December 2024 have been prepared in accordance with 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 (FRS102)(effective 1 January 2019) – (Charities SORP (FRS102)) Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) and the Companies Act 2006. Inspire Suffolk Limited is an incorporated charity domiciled and registered in England, which constitutes a public benefit entity as defined by FRS102. Assets and liabilities are initially assigned at cost or transaction value unless otherwise stated in the relevant accounting policy notes. ## Funds Restricted funds are funds that have restrictions imposed by donors and can only be applied for the particular purposes specified by donors. Designated reserves are those that, although not restricted, have been reserved by the Charity for a specific project alone. Unrestricted funds are funds that have no restriction as to how they are to be applied. There are no Endowment funds. ## Going concern The Trustees have a reasonable expectation that the Charity has adequate resources to meet its liabilities as they fall due and continue its activities for the foreseeable future, being a period of at least 12 months from the date of the approval of these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements as outlined in the Trustees’ Responsibilities Statement. ## Financial instruments The accounts have been reported in Sterling and rounded to the nearest £1 in both the current and previous accounting periods. ## Significant judgements in applying accounting policies and key sources of estimation uncertainty. The preparation of financial information in conformity with FRS 102 requires the director to make critical accounting estimates and judgements that affect the application of policies and reported amounts of assets and liabilities, income and expenses. The key judgement areas impacting the financial statements are as follows: Useful economic lives of tangible fixed assets - The annual depreciation charge for tangible fixed assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are reassessed annually. They are amended when necessary to reflect current estimates, based on technological advancement, future investments, economic utilisation and the physical condition of the assets. The Charity only has financial assets and financial liabilities of a kind that qualify as a basic financial instrument. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. The following accounting policies have been applied consistently in dealing with items that are considered material in relation to the Charity’s financial statements. ## Depreciation and amortisation All assets costing more than £500 are capitalised at cost including any incidental costs of acquisition. Depreciation is calculated on the cost of the fixed asset on a straight line basis over the following expected useful life: Leasehold Property Improvements - between 10 and 25 years Computer Equipment - 3 years Equipment - 10 years Vehicles - 5 Years Web development is classed as an intangible asset and amortised over 3 years. Notes continued 30 ## Income All incoming resources are included in the Statement of Financial Activities (SOFA) when the Charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. Income is generally recognised on a receivable basis and is reported gross of related expenditure. The specific bases for recognition are: - Voluntary income includes donations, gifts and general funding and is recognised when receipt is probable. - Gifts in kind are treated as donations in the period the gift is received. - Charitable activity includes subscriptions raised on the activity and is accounted for when earned. Activity income earned in advance is deferred until entitlement to the income has arisen, at which time it is credited to the Statement of Financial Activities (‘SOFA’). - All fees and other services receivable in respect of courses taking place in subsequent financial years are deferred to the year in question. Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, are recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received, and the amount can be measured reliably and is not deferred. ## Expenditure All expenditure is accounted for on an accruals basis as a liability is incurred. Expenditure includes any VAT that cannot be recovered and is reported as part of the expenditure to which it relates. Expenditure is recognised when it is incurred and is reported gross of related income on the following bases: ## Operating leases Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the lease term. ## Pensions Contributions to defined contribution pension schemes are charged to the income and expenditure account when payable. ## Taxation The Charity is exempt from corporation tax on its charitable activities. ## Group accounts The Charity owned 100% of the share capital of a dormant company and has therefore taken advantage of the exemption to not prepare group accounts. ## Finance costs Finance costs are charged to the Statement of Financial Activities over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument. ## Cash at bank and in hand Cash at bank and cash in hand includes cash and short term liquidity investments with a short maturity of six months or less from the date of acquisition or opening of the deposit or similar account. - Costs of raising funds comprise the costs - associated with attracting voluntary income. Charitable expenditure comprises direct expenditure including direct staff costs attributable to the Charity’s activities. Where costs cannot be directly attributed, they have been allocated to activities on a basis consistent with the use of the resource as described below. - Support costs and governance costs have been allocated to activity cost categories on a basis consistent with the use of the resources, e.g. allocating staff costs by the time spent on a project/activity and other costs by usage. ||Notes continued**31**|Notes continued**31**|Notes continued**31**|Notes continued**31**|Notes continued**31**| |---|---|---|---|---|---| ||**2. Analysis of Income**|**Unrestricted**
**funds**|**Restricted**
**funds**|**31/12/2024**
**Total (£)**|**31/12/2023**
**Total (£)**| ||Grantsand donations
Fundraising
Interest received
**Charitable activities**
Education programmes
Otheractivitiesand events|68,608
81,941
10,150
1,039,339
22,639|1,869,138
-
-
87,241
-|1,937,746
81,941
10,150
1,126,580
22,639|606,087
111,515
4,018
2,573,911
13,943| |||**1,222,677**|**1,956,379**|**3,179,056**|**3,309,474**| ||||||| ||31December 2023
1,134,651
2,174,823
3,309,474||||| |**3. Analysis of Expenditure**|**Other**
**fundraising (£)**|**Charitable**
**activities (£)**|**31/12/2024**
**Total (£)**|**31/12/2023**
**Total (£)**| |---|---|---|---|---| |Staff costs
Directcosts
Supportcosts (seenote4)|19,342
28,236
7,905|1,019,223
151,844
349,807|1,038,565
180,080
357,712|1,054,228
203,307
244,296| ||**55,483**|**1,520,874**|**1,576,357**|**1,501,831**| |31December 2023
83,909
1,417,922
1,501,831||||| ## **4. Analysis of Support Costs** The Charity identifies its support costs which can’t be directly attributed to an activity. There are then apportioned on an appropriate basis between the main activities of the Charity. |**31/12/2024**
**Total(£)**
**31/12/2023**
**Total (£)**
**Basis of**
**aportionment**
earty entes ts supportcosts wccanterectyattrutetoanactvty. ere aretenapportone
onanappropriate basisbetween themainactivities ofthe Charity.|**31/12/2024**
**Total(£)**
**31/12/2023**
**Total (£)**
**Basis of**
**aportionment**
earty entes ts supportcosts wccanterectyattrutetoanactvty. ere aretenapportone
onanappropriate basisbetween themainactivities ofthe Charity.|**31/12/2024**
**Total(£)**
**31/12/2023**
**Total (£)**
**Basis of**
**aportionment**
earty entes ts supportcosts wccanterectyattrutetoanactvty. ere aretenapportone
onanappropriate basisbetween themainactivities ofthe Charity.|**31/12/2024**
**Total(£)**
**31/12/2023**
**Total (£)**
**Basis of**
**aportionment**
earty entes ts supportcosts wccanterectyattrutetoanactvty. ere aretenapportone
onanappropriate basisbetween themainactivities ofthe Charity.| |---|---|---|---| ||**31/12/2024**
**Total(£)**|**31/12/2023**
**Total (£)**|| |Depreciationand amortisation
Subscriptionsandlicences
Premisescosts
Finance andprofessional
Governance costs
Office andothercosts|139,209
17,976
114,022
22,150
20,892
43,463|34,455
22,620
86,279
31,230
13,249
56,463|% ofstaff costs
% ofstaff costs
% ofstaff costs
% ofstaff costs
% ofstaff costs
% ofstaff costs| ||**357,712**|**244,296**|| ||||| The governance costs shown above include auditors' remuneration for this Charitable Company of £10,620 (31 December 2023: £7,644). Notes continued 32 |5.Staff Numbersand Costs|31/12/2024
Total (£)|31/12/2023
Total (£)| |---|---|---| |Wagesandsalaries
Social securitycosts
Other pensioncosts|933,794
78,972
25,799|950,457
76,849
26,922| |1,038,565
1,054,228|1,038,565|1,054,228| One member of staff received emoluments between £60,000 - £70,000 in the current account period (2023: One). The total employment costs of the Senior Management Team, which is comprised of the Chief Executive and 10 other staff members was £391,774 (2023 - Chief Executive and 11 other staff members £444,504 ). No trustees received any remuneration or reimbursement of any expenses from the Charity. During the period £440 (2023: £446) was paid for Trustee Indemnity insurance. The average headcount and full time equivalent staff of the Charity is split across the following roles: |FTE
Headcount|FTE
Headcount|FTE
Headcount|FTE
Headcount|FTE
Headcount| |---|---|---|---|---| ||31/12/2024|31/12/2023|31/12/2024|31/12/2023| |||||| |||||| |Governance
Management
Admin
Delivery|1
9
3
24|1
10
5
21|1
10
5
37|1
11
7
34| ||37|37|53|53| ||Notes continued**33**|Notes continued**33**|Notes continued**33**|Notes continued**33**|Notes continued**33**|Notes continued**33**| |---|---|---|---|---|---|---| ||**6. Tangible Assets**|**Leasehold**
**(£)**|**Computer**
**Equipment**
**(£)**|**Equipment**
**(£)**|**Vehicles**
**(£)**|**Total**
**(£)**| ||**Cost**|||||| ||Asat 1January 2024
Additions
Disposals
**As at 31 December 2024**
**Depreciation**
Asat 1January 2024
Charge for the Period
**As at 31 December 2024**
**Net Book Value**
OnDisposals|1,656,153
1,587,419
-
**3,243,572**
35,626
102,644
**138,270**
-|101,025
49,731
(56,016)
**94,740**
95,616
9,735
**49,335**
(56,016)|121,554
15,198
-
**136,752**
77,205
10,438
**87,643**
-|44,364
-
-
**44,364**
8,680
8,873
**17,553**
-|1,923,096
1,652,348
(56,016)
**3,519,428**
217,127
131,690
**292,801**
(56,016)| ||Asat 31December 2023
**As at 31 December 2024**|1,620,527
**3,105,302**|5,409
**45,405**|44,349
**49,109**|35,684
**26,811**|1,705,969
**3,226,627**| |**7. Intangible Assets**|**Website**
**Development**
**(£)**| |---|---| |**Cost**
Asat 1January 2024
Additions
**As at 31 December 2024**
**Depreciation**
Asat 1January 2024
Charge for the Period
**As at 31 December 2024**
**Net Book Value**|-
30,077
**30,077**
-
7,519
**7,519**| |Asat 31December 2023
**As at 31 December 2024**|-
**22,558**| Notes continued 34 ## 8. Investments In 2014 the Charity acquired 100% of the £1 ordinary share capital of a limited company called Healthy Ambitions Trading Limited (07810625), a company registered in England and Wales. The company remained dormant and the investment is recorded at cost. The company was dissolved on 04/03/2025. |9.Debtors|31/12/2024
Total (£)|31/12/2023
Total (£)| |---|---|---| |Trade debtors
Prepaymentsand accruedincome|107,512
35,925|411,012
174,220| ||143,437|585,232| |10.Creditors:AmountsFalling Due WithinOne Year|31/12/2024
Total (£)|31/12/2023
Total (£)| |---|---|---| |Trade creditors
Other taxandsocial security
Othercreditors
Accrualsand deferredincome|77,060
17,929
34,930
67,204|779,014
72,829
22,700
33,345| ||197,123|907,888| |Deferredincome broughtforward
Deferredincomereleasedin theyear
Deferredincome arisingin theyear|14,962
(14,962)
51,036|13,922
(13,922)
14,962| |-
27,273
51,036
14,962
Deferredincome carried forward||| |||Notes continued**35**|Notes continued**35**|Notes continued**35**|Notes continued**35**|Notes continued**35**|Notes continued**35**|Notes continued**35**| |---|---|---|---|---|---|---|---|---| |||**11. Movement in Funds**|**Balance**
**01/01/2024**
**(£)**|**Income**
**(£)**|**Expended**
**(£)**|**Transferred**
**(£)**||**Balance**
**31/12/2024**
**(£)**| |||a)Unrestricted funds - movement
in year
GeneralUnrestricted Funds
Unrestricted Fixed Assets
Designated Fixed Assets|230,063
1,705,969
-|1,222,677
-
-|(1,112,951)
-
(92,189)|(25,194)
(1,325,576)
2,960,981||314,595
380,393
2,868,792| |||||||||| |||**3,563,780**
**1,610,211**
**(1,205,140)**
**1,222,677**
**1,936,032**
Total unrestricted funds||||||| |||b)Restricted funds - movement in
period
BarclaysCommunityFootballFund
IpswichBoroughCouncil -Racecourse
Fund
SuffolkCommunityFoundation
throughDaviesFamily
throughHarwichHavenAuthority
Fund
throughRJB Fund
**Balance**
**01/01/2024**
**(£)**
**Income**
**(£)**
**Expended**
**(£)**
**Transferred**
**(£)**
**Balance**
**31/12/2024**
**(£)**
-
-
1,833
167
1,667
1,000
8,665
-
-
-
-
(2,570)
(1,833)
(167)
(1,667)
-
(181)
-
-
-
1,000
5,914
-
-
-
**Turn Up and Play**
Ourfreesport sessionsdesignedto
provideyoung children withafter-
schoolenrichment.
AstorFoundation
SuffolkCountyCouncil -Public Health
&CommunitiesFund
-
-
2,000
3,992
-
(3,992)
-
-
2,000
-
**Health Kicks**
Ourfreemulti-sportactivity sessions to
support mental health.
EastSuffolkCouncil
SSE Renewables -GreaterGabbard
Wind Farm
-
-
2,014
1,000
(2,014)
(125)
-
-
-
875
**Social Space Projects**
Youthdrop-in sessionsgivingyoung
people aplacetogo outsideofschool
hours.
**Sports + Projects**
A club for vulnerableyoungpeopleto
buildtheir sports skillsand develop
personally through supportfrom youth
workers.
CharlesHayward Foundation
HedleyFoundation
-
3,000
16,900
-
(4,317)
(750)
-
-
12,583
2,250||||||| ||






















|BarclaysCommunityFootballFund
IpswichBoroughCouncil -Racecourse
Fund
SuffolkCommunityFoundation
throughDaviesFamily
throughHarwichHavenAuthority
Fund
throughRJB Fund
**Turn Up and Play**
Ourfreesport sessionsdesignedto
provideyoung children withafter-
schoolenrichment.
AstorFoundation
SuffolkCountyCouncil -Public Health
&CommunitiesFund
**Health Kicks**
Ourfreemulti-sportactivity sessions to
support mental health.
EastSuffolkCouncil
SSE Renewables -GreaterGabbard
Wind Farm
**Social Space Projects**
Youthdrop-in sessionsgivingyoung
people aplacetogo outsideofschool
hours.
**Sports + Projects**
A club for vulnerableyoungpeopleto
buildtheir sports skillsand develop
personally through supportfrom youth
workers.
CharlesHayward Foundation
HedleyFoundation|-
-
1,833
167
1,667
-
-
-
-
-
3,000|1,000
8,665
-
-
-
2,000
3,992
2,014
1,000
16,900
-|-
(2,570)
(1,833)
(167)
(1,667)
-
(3,992)
(2,014)
(125)
(4,317)
(750)||-
(181)
-
-
-
-
-
-
-
-
-|| **----- Start of picture text -----**
Notes continued 36
Balance Income Expended Transferred Balance
01/01/2024 (£) (£) (£) 31/12/2024
(£) (£)
Education Programmes
Throughout the year we offer a range
of one-off experiences and short run
projects for young people.
Suffolk Community Foundation
through LDH (La Doria) “Patrick” - 4,500 (750) - 3,750
through Serious Violence Duty Fund - 3,904 (9,605) - (5,701)
Inspired is an in-school programme
that provides interventions to
reengage at-risk young people
through tailored support, helping
them reconnect with their education
and goals.
Suffolk County Council - Ipswich - 96,540 (32,863) - 63,677
Investment Fund
YES, our Youth Employment Service,
provides advice and guidance for out
of work young people.
EDF Sizewell C - 40,000 - - 40,000
NCS Community Experiences (National
Citizenship Service) delivers sessions to
young people to raise confidence and
develop personal skills.
Hear2Listen 7,853 58,231 (57,980) - 8,104
Wellbeing Service
Our free wellbeing service provides
youth mental health counselling in
Suffolk and North Essex.
Annie Tranmer - 2,000 (500) - 1,500
CVS Tendring 22,879 - (22,879) - -
EDF Sizewell C - 10,000 (3,015) - 6,985
Equity in Mind 19,543 - (19,543) - -
Essex Community Foundation 4,000 - (4,000) - -
Garfield Weston 14,837 15,000 (6,296) - 23,541
Geoffrey Watling - 3,000 (563) - 2,437
James Tudor 4,167 - (4,167) - -
LD Rope - 20,000 (11,503) - 8,497
Lord Belstead Charitable Trust 125 3,000 (3,125) - -
Scarfe Charitable Trust - 1,000 (63) - 937
Tesco Groundwork 1,582 - (1,582) - -
The Leslie Mary Carter Charitable Trust 2,000 - (2,000) - -
**----- End of picture text -----**
|


























|Notes continued**37**|Notes continued**37**|Notes continued**37**|Notes continued**37**|Notes continued**37**|Notes continued**37**| |---|---|---|---|---|---|---| |||**Balance**
**01/01/2024**
**(£)**|**Income**
**(£)**|**Expended**
**(£)**|**Transferred**
**(£)**|**Balance**
**31/12/2024**
**(£)**| ||BaberghDistrictCouncil
DenburyHomes
GreatCornard ParishCouncil
HadleighTownCouncil
MaurkenFund
NationalLottery
PorchProject restricted donations
SuffolkCommunityFoundation
throughCatalystFund
throughSuffolkPolicy &Crime
Commissioner
SCC LocalityBudgetGrantCllrFraser
SCC ActivitiesUnlimited
The SimonGibsonCharitable Trust
**Porch Project**
Support to youngpeopleinHadleigh
andsurrounding areas, through youth
clubs, outreach workandin-school
provision.
NationalLotteryCommunityFund
YouthInvestmentFund
**Youth Participation**
Engagement with youngpeopleina
variety ofyouthfocusedsessions
Drax
EDF SizewellC
FootballFoundation
NextEnergySolarFund
SuffolkCommunityFoundation
throughDigitalInclusionFund
University of Suffolk
YouthInvestmentFund
**Capital Projects**
Capitalfundingincluding football pitch
development, youth spaceupgrades,
venuesignage,IT
CommunityActionSuffolkYouthFocus
Legacy
EDF SizewellC
HenrySmith
**Other Grants**|3,100
15,150
667
3,000
833
18,402
61,642
-
2,630
1,500
-
-
5,524
(4,143)
2,000
-
5,895
-
-
284,805
(408)
-
-
-|-
-
1,000
-
-
93,500
12,450
10,000
18,000
-
5,000
15,000
-
62,082
-
10,000
1,440
1,500
35,701
87,241
1,197,519
3,200
40,000
70,000|(1,342)
(2,597)
(250)
(3,000)
(833)
(67,102)
(1)
(3,726)
(20,630)
(1,500)
(1,762)
(333)
(5,524)
(60,046)
-
-
(1,200)
(22)
-
(3,361)
(119)
-
-
-|(1,758)
-
-
-
-
-
-
-
-
-
-
-
-
-
-
(10,000)
(1,440)
(1,478)
(31,312)
(367,050)
(1,196,992)
-
-
-|-
12,553
1,417
-
-
44,800
74,091
6,274
-
-
3,238
14,667
-
(2,107)
2,000
-
4,695
-
4,389
1,635
-
3,200
40,000
70,000| |||**484250**|**1956379**|**(371217)**|**(1610211)**|**459201**| ||**,,**
**,**
**,**
**,,**
**,**|||||| Restricted funds: During the year grants and donations were received that were restricted to certain projects as set out above. The balances unspent at year end are expected to be spent during 2025. The transfer between funds relate to capital spend. Designated funds: Designated funds comprise of capital funds allocated by Trustees to specific purposes. The designated fund represents the net book value of fixed assets for specific capital projects. Funds were transferred in the year from restricted funds as the capital expenditure took place. Notes continued **38** ## **12. Analysis of Net Assets Between Funds** |**12. Analysis of Net Assets Between Funds**|**12. Analysis of Net Assets Between Funds**|**12. Analysis of Net Assets Between Funds**|**12. Analysis of Net Assets Between Funds**|**12. Analysis of Net Assets Between Funds**|**12. Analysis of Net Assets Between Funds**| |---|---|---|---|---|---| |**Funds**
**31/12/2023**
**Unrestricted**
**l fd**
**Restricted**
**funds**
**Total funds**
**31/12/2024**
**Designated**
|||||| ||**genera uns**
**(£)**|**funds**
**(£)**|
**(£)**|**(£)**|**(£)**| |**Fund balances at 31 December 2024**
**are represented by:**
Tangible fixed assets
Investments
Current assets
Current liabilities
Intangible fixed assets|357,835
1
(197,123)
511,717
22,558|2,868,792
-
-
-
-|-
-
-
459,201
-|3,226,627
1
(197,123)
970,918
22,558|1,705,969
1
(907,888)
1,622,200
-| |**694,988**
**459,201**
**4,022,981**
**2,420,282**
**Total net assets**
**2,868,792**|||||| ## **13. Member's Guarantee** The Company has no share capital but is limited by guarantee. The member of the Company is a Guarantor and undertakes to contribute to the assets of the Company in the even of it being wound up, such an amount would be required. The member's liability is limited to £1. ## **14. Operating Lease Commitments** In 2023 the charity entered into a 115 year lease agreement with a peppercorn rent for the Ipswich site. In 2018 the charity entered into a 99 year lease agreement with a peppercorn rent for the Lowestoft site. ## **15. Capital Commitments** The Charity had no capital commitments at 31 December 2024 (2023: £317,017). ## **16. Contingent Liabilities** In the opinion of the trustees there were no contingent liabilities at 31 December 2024 (2023: £Nil). ## **17. Related Party Disclosures** Heathpatch Ltd (the landlord of Hadleigh base) is treated as a related part, as a Trustee, James Buckle, is a director. The following balances as therefore disclosed: Income and Expenditure Account Support costs Office and other costs £5,220 (2023: £3,715) Balance at 31 December 2024 £Nil (2023: £Nil) Notes continued **39** ## **18. Reconciliation of Net Income/(Expenditure) to Net cash flow from operating activities** ||**2024**| |---|---| |Net income/(expenditure)for theyear
(as per thestatement of financialactivities)
**Adjustments for:**
Depreciationcharge
Interest receivable
Interest payable
Decrease/(Increase) indebtors
(Decrease)/increaseincreditors
Donated fixed assets|1,602,699
(10,150)
139,209
-
441,795
(753,708)
-| |**19. Analysis of cash and cash equivalents**
Cash in hand
**Total cash and cash equivalents**|**31/12/2024**
**Total (£)**|**31/12/2023**
**Total (£)**| |---|---|---| ||827,481|1,036,968| ||**827,481**|**1,036,968**| |**20. Analysis of changes in net debt**|**Balance**
**01/01/2024**|**Cash flows**|**Balance**
**31/12/2024**
827,481| |---|---|---|---| |Cash in hand
**Total cash and cash equivalents**|1,036,968|(209,487)|| ||**1,036,968**|**(209,487)**
**827,481**|| ||Notes continued**40**|Notes continued**40**|Notes continued**40**|Notes continued**40**| |---|---|---|---|---| ||**21. Prior Period SOFA**|**31/12/2023**
**Unrestricted**
**Funds (£)**|**31/12/2023**
**Restricted**
**Funds (£)**|**31/12/2023**
**Total Funds**
**(£)**| ||**Income**|||| ||Donations
Charitable Activities
Other trading activities (fundraising)
Investments|78,911
940,207
111,515
4,018|527,176
1,647,647
-
-|606,087
2,587,854
111,515
4,018| ||**Total Income**|**1,134,651**|**2,174,823**|**3,309,474**| ||**Expenditure on:**
Raising funds
Charitable activities|(83,909)
(1,099,038)|-
(318,884)|(83,909)
(1,417,922)| ||**Total Expenditure**|**(1,182,947)**|**(318,884)**|**(1,501,831)**| ||**Reconciliation of funds**
Totalfundsbroughtforward
Transfers between funds
**Net income and expenditure and net movement in funds**|530,483
1,453,845
**(48,296)**|82,156
(1,453,845)
**1,855,939**|612,639
-
**1,807,643**| ||**1936032**
**484250**
**2420282**
**Ttl Fd id fd**|||| ||**,,**
**,**
**,,**
**oa uns carre orwar**|||| ## Community Youth Centres Inspire Ipswich Lindbergh Road Ipswich Suffolk IP3 9QX Tel: 01473 353194 www.inspiresuffolk.org.uk Lowestoft Youth Centre Colville House, School Road Lowestoft Suffolk NR33 9NB Hadleigh Youth Centre 28a High Street Hadleigh Suffolk IP7 5AP