INSI>IRE AT ST PETER'S IA Lknll•d by GnI¥•I AI44UAL AEI¥)RT AND FINANCIAL STAYEAIENTS YEAR EleD 31 IAARCH 2022 K•nt BR6 (WZ
INSPIRE AT ST PEfER'S LIMITED (A ¢ompany Umlted by Guarnntse) CONTENTS Page Ref8rwKe JKI Athiinistratibe Detsils Ch&rfs Forn1d Report oftha Oirect 3-11 Indoraident Examinrfs RoKxYt 12 Statement of FinarKial NA*vilies 13-14 Bd8rTh Slwt 15 Not8S to Fina Statem 16-23
INSPIRE AT ST PETER'S UMITED {A company Limited by Guwante•) REFERENCE AND ADMINISTRATIVE DETAIL8 Tru•t•g• Robert Srne8lh- Chair Pdor Ch•Jvhc&- Chalrl CA%)7pary Sex8tAry Rtr. AL4n Wkl- Trtssurnr Lkn &odun Cltr. Lorr8in8 Lauder R•v. AThJrth¥ m¢xW'rMUfflty Thwilia Sh NirJK4as Weedon K•y M•n•qThnt P•r•onn•l Sar8h Pary- Parwbng Progr8mm8 M8nty Zwa Lknyd- Ywrq p.8 Programm• M8nag8r R•gl•t•r•d Ollk• SE172HH Ind•p•lld•nt Examtn•r M A Wlkos FCA Aze15 Audit ServKs 221r127 Hpah Stre 8R6 (WZ B•nk•rn HSBC Bank Pk 47FtyeL P*kham Lonojn SE15 SET
INSPIRE AT ST PETER'S UMITED {A Gompany Limited by Guaranlee) CHAIR'S FORWARD Chalrf• For•word During the year wg rxJntinu to wlth the reS1ri during the Y and yet agan the staff team provided amazirfj servic¥ to our bonefiles. Th& mwn we face 1$ thatthè room tfi9S, ¥thich supp)rt much of wr rJrk, have nol rgturn as pwl6 debate ether zoorn replace face to f8 m6etity forg¢xJd. Our Chief EXtiVe N¥J4 eonlnuéd to seek grant lunthr4J %thw8ver kN)58it40 to suprth out work but rnuth of It18 11 project linke(I Ih)6s WK)t lh• n8ed for infrastructure to $Upk lh8 proi•J a5 & whol. Th th wè do Invofv68 our Y patir04 prv9r•rIW •nd 8ks eMploymt 8UPPOrt proj•a. I would urya you to ¥it our website f¢4krw LK8 on 80dd rfthJa to W a fvll flaNvur of th$ Imp8Ct w8 ha. Wg fundraising lo d8vekJp a c£ffirnwty corg whth wll sup our olher *yk tMJt 4so hdp locpl develop sknlls 8n¢J ¢0 cax¥k healthy meds lof themsdves and th•'rfamily. liwll also provmde a much needed sodal space In WafvKJrth. Th• tr81809 are Immensdy prvud ofthg %4rrfk )d lh8 irnPXt have Ibith a wn?11 but rgally dedicatod staff oné thoy hav• ¢)ur thank8. 11 you hke lo diJ(>)¥¢r mty• abtyrt our Myk and gel involv•J pknaso bt m• or NkJel know. Rob•rt Sméath Dale..
INSPIRE AT ST PETER'S LIMrrED (A company UM1t by Guarantsè) REPORT OF THE TRUSTEES Thg Tru5t8eJ prBWt thwr rqwrt and statwnwts fmwKX8t year 31 K4arth 2022. financi81 statsments have t>een kvepared Wilh the aLY))unting 8el out in the rK)t86 to the accounts arKI wth tKg thanty's gmrniry docu1rL the Chanbes Act 2011 and Accounting and Reportirvj by Chartties.. Statement ol ROrnMend Prxith applc&Y• to charftles preparing thr ac4xxJnts In accordaThx vhth the FinanLaal ReporbrwJ Standar(l appkcable the UK and Repubk of Ild published on 16 July 2014 as amend8d by Ue 8ulle¢¥i 1 & 2. ObJ•ctFv•• Ind Actl¥ltl•• The board Confin7 that InSpre'8 vmion 4ThJ mi59ion staknnent 88 stilt rdovant vlOn- To Iw13 and supwi an in8pired Wvrth. Mission- Cra816NJ a $8le w•lcorning $p•tè%%ith opportunibès whith w8blèour (x>mmunltlas to grow aNI floudsh. Guldlng valuo8- Insprè Is indusfve bali8ving that 6v•rytx)dy mallars 2. We are honest, r[able and Iffanspant 3. We are compasslonale when CIrMStanceS are drfficurt 4. We cdebrale asplrotk)n end •Jknmenl The organition'S aim8. lo Lyerate a I( peoF can mtivety aTrJ inaginatNety irwtr¥s0 ththr S11$, dv¢lop tholr ¢onfidwK6 •nd • $•n ofwnmunity,, arn sthl rf•v)twKI th• org8nthatic)'8 r•a$¢ for b•lng. Mom 8p•dficaUy. lh• chairty's 8l•t•J obJ•cts ar•." the pTrJrnotion ol comrnunty c4Jhesw in the poriBh of St P•tsrfs. W¥knth. kn th? London Borough of Soulhw8rk 8fKI the Telf of KKial WKI eo)nc¥nK dadv8. partiojlarty among $ir¥Jle parsnts. your@ and oldsr the rThtslon of 8UPWt and ¥ocaUona 8kilL8 to •t b0n6frtwfj08 to wrteror le•r emwoyment, provkllr( 8 rnng• of o)mpt8m8ntary ct)rnmunty actsvitl88 Wrtl th, for young pwlo. To meel the8e mB Insplre a 8¥fv. wYk¥mir9 wwj rye•tivè spx Mi l)¢al ros1dlS ¢8n a¢¢$ 8 rg• ol s•NI(s. Inng mtivtr ¢x)FrfxfvnlbSS Ihgl and 8 8•)w of eommunlty. Publ1¢ b•n•fft•t•l•rrwt Th• Charity Commls8i¢)n's 9wal guM1c• Plknlic b•rfft is 88 a b88 to r•vknv InSplr•'s aims and obl8ctfv•s 8nd In planning any fulvr• xlpifo8s. In p8rticAAar. h&0 t*)1ldred our varlous programm&s vhll dlredy contdbute to tho alms and obfft thal hwe 8ei. (1 TnJ6tee6 are therefore 8thfie(l that Ihe •nty 8t le8St meets the Chority Cornmi8sion's in ddNèrrrvJ •ny nefit. InSpir•'s community SUFPOrt wogrnmmes ts)ntr'nu• to r•spont• to Tncnas•d damand. mainly du8 10 ts signthant Irwual'•S th1¢h stil t£¥)tinu•folknbing th8 COVID p&)dw)ic. as ll as the gnl¢ant ¢>)st of Ilvlng Increa865 p10m1n8Trl those fn bknk afirfl MInlty cmUnIties. A8 Covhj reBlrfclor e Ilfted, attendare$ have tor 21nsre's ycrtrth dub 58ssbns. 5W>rts and LY8819 act185 which are ntyi 811 t8king Pla * our Centre or in othw rwby. Inspire tr> Woth . empJoy8bilty pnygramm . ntinuas to 8SSiSt youNJ aged 1&25 who no*1 d our and guwJ8Thx as Unemnt k•vds maSn hl3h in Sryjthvth. Our P8rentlrtrJ Prcgramrne conts"rrtK8 lo tKJth parents and Iheir familK whK> find the1Tthe8 experiwKirq adverwty e8pw¥Jly 8B ¢4M$t¢¢$ ar¢ havlng • con5iderdble irnpact on their th'lrty to day-tfrday Irrj costs.
INSPIRE AT ST PETER'S UMITED (A company Limited by Guarantee) REPORT OF THE TRUSTEES '21nSwin'Youlh Group During thè last y8ar, InSpir•'$ youth tinuj to provth 8ssenbal support for 0r 15010(al young 0p aged 11-18. Many ofthern under8chigve at 5ehc¥)l or l pM)silNe rde mcKlets in thetrf8rnAies and bwme NEET (not in educats)n. employment or trainirvJl. They often sell-beiief. wrth h)w (fidenCe and a5pirat.ons and without off8nNJ our '2in&'re' actiwtss oFprytunths. kncrw coukj e8sity become vulner8bJg to involvement in anti40oal behavtjur. 98r4J oJJiure. drLV or ol¢olhY abJs• and uiminal "¥ty. During the pand1C, most ol our yovro stoppwj atteThJ1 scfKw)l were hryne in the day under lotkdowrt restrictns. leaving tyirg tOdld?1>yAltts bastérrfd4èth th1 bKause dl our wual foms ol m3kiThJ contact wwe broken so abruply. During the year, demand for tsur Friday Youth Club sessions incfeased 80 mwh after the final Covid lod(dovm, Ihat we h8d to th• 4• grcwJps 11.14 and 15-18 lo 8Te t1• &ttèrndirvJ cojld wjoy a qualty ¢xptrrine. At èvery sessKM, we offer Iree m8ab fr¢n Café arna for all our young member8 as food Jvety has had an Smpac4 on alMt al th•'r knilia5. W• b&n8 atAe lo up for re9uLqr w09Y of fresh food from the Fdix Prop# whth assfjsts our budget and alBO able$ U¥ t9 give them Iwsh frurt nd Vegetabl whi¢ can take home to supr4eml tr8. (r w•&kty Drama Group conno$ to be a great wc¢ We W6fe 8L80 able lo prothd8 a wide rary• ol athiiti'8s durirKJ schcd holid whK indu kayakirrfJ. ar¢h•ry. foot1. BKIX and cydiNJ bOn9. out¢knr 8FQrts, Go Aw and Drama Club. 82 yourg 4knd•J. #idudhw 24 gits whKh was our hvJhest female attsTraA. Insprfo Par8nl8 DuriNJ thèlost yaar. our Parerrtirvj Suppyl Progrnnm• provid•d support to over 70 wom, many of Ihem benaffftiNJ Irom our bursary 819 mJe POBs¢ble by a grant lund. The maionty of the th08e we have worked wilh have frcffl lh8 dual surwrt of tyjr advocxy BeNice finanryol $upwrt for •9b•ntsal •xpendrture when dernand ireaSd wgnthcanlly to Ihfr p&ndwnic'8 continuing economic impac¢. Evèry Y)man (UeSted help fomi of and ol oui a¥i6lmg relatlonships were m•lntaln8d, a¥ well as eThJ8ging new young pwents. Oyrp8rtn8rnhlp vAth th8 Farn1 Nur80 P8rtnwthip{FNPI in s¢¥J¢h0)nlknu89 tob&ourmaln sourc•ol relerrals. Thi¥ spwali$t t8am of ntsrses support youThJ Mott thg ag8 0121 8N1 th•y ())nnUed to make wular referrals lo the Parentin9 Prc4Jr8mm8. We a0 alongwde8ever4 Ilty wkers •nd IrkerS durtng the year, partkularty 8UPPOrting youry 15M•n wih chik1 on thlkj protth aTr8 and thoBe experin9 difficuS wth tampornry accommodalKJn. Hou¥iThJ ttinu8 to PrOd0 th8 malorfty of req1ts reèNed for 8SSiSta)cé. We ensur&J that temForary n was mado availab to safeguard any yc¥Jng mother finding lhern84 in vuln8fable orcumslances. We aLw to 8SSlSt S181 wom•n vh) we moved from pooty I¢$d Ll10n bo( Into SwaI thwr c4mmunty ¥nd ¥upp)rt netwofks exlsted. Wè hard to 8¢#vLX8te lor young mo11¥ and Ihw thildren to hav• th•m remaHI vAthln th1 cJmrnunrty. often n&JotialiThJ tireJe$8ly th• hou5irrfJ departmenl to Ihese yourJ do teXp8r1enl¥ isolation of being sent faraway. The avablab4.lity ofs01rttsts th accepi Legal A#1 to doal wrth homdwness 8nd imrnigr8tK)n issuas is a constant chlw4Je. Chari&'es vhKJ t)uld have Suppl whrttrg)ods fvrrture before the pand8mk havg c•aset1 to exist or r have gwler re5trKbons on what wll aard. so we have often had to step in wth bursary $upkwJrt. It has been pwtKuLwly 11j Ihal hoUrj tsnly provths uhfumksh&J temporary a¢cL)mmodatK)n to yourwJ p8r•nts. shrftifKJ the burd for fijmishing horr onto lh8 tharitable seclor. Th8 demand for IliVIdual a0 casww)rt is cornrnty need continues to OlStendY 5trotth our Ou5.
INSPIRE AT ST PETER'S LiIArrED (A Company Umlted by Guarantee) REPORT OF THE TrUSTEES The drcurnstarKu our proornmme was Iad durfr¥J 2021. frjund Ihat rJnKfjt 2 in 10 yvury pw18 awl 16- 25 In Southwwk Borough had k)st I1r job ané undar 6 in 10 had seen their mI5 f811 since th& CgvKI pdernr¢ began. A ent tyJt ty a(al1c$ from thè Lonth)n Sthxl of EeorK)mies, PolitieAI Sdènce Unit arKI Exeter UnNer8ity. provhled futher that &x4 youry peq)le w8r8 sullerfr4J substant4al And su8talr& h)ws. not onlytts thwr wnp4rnwl bui4kn0 thr ethJ. Th8 study 8180 found th•1 YOU knvrkerB11&251 tKe as have kJ6t thelr pbs compared to d¢Jer pbyees antl that taJ$ mr$ prtywnced f0rthe8el1-ernplo and thoBe wly) grvw up In Fovwty Durfn9 2M.21. lh8 Insplre lo Work pn)grJnrrn a5slstod 38 young pe0. Our nt D)nst8nt thollenge was supporting those nlIJ and MlOrij frn Ihemskn sJll out of Myk 8ft8r pandomlc And vthenever possitle. guiding thern bac into now eMFtyt opport$. Mony young pwla w& assist • now 8 $¢ff-gMpb1tQnf route into had to buikl up our k10 ba88 In Ihi8 area to 8rAur• Ihoy ww• glv•n •)propi6ot• infomi8tlon •rtwnd #r •uth •B rnBn&aem and pernonal t&xatkJnlNatlonal In8urwL lftWkalkn$ Lhthng the last year. hav• b88n 8bkfj to stsrt knat•S b8Ééd on vocational opp)rtuniti•& In Ihè mèdia d ¢rtatiV8 8¢¢%0rn. narnety'B FIBh BVJ Ponrf IBFBPI and 'NxtGw' Must. lh8 BFBP prol•ct, w• rAUlt•d 8 nurnr of young people W•lKJ we In1ve8j in pnJgre86ing car8w5 or work opwjrtunltles through m•Jl8. 'BFBP' kYoJ•¢t Is • modbId progMYn• utswvj poJc#b'WvJeo•Jibrg knlrfi08 Which hwe in Peckham. B•causo thor8 w• many conThon bl8n8 TAh edi16ng musle yourwj pooplo cw pr¢9r vAth muslcal them68 through th8 WxtG•n' projfKt VAII fouM•8 on th• 8kSlls th•y w8h to Tho8• Indud• mo8lcal product, musk •nIln8ry. brwlc. PR WKI went manwJomnt. A8 part of our n•w pbrtn8r8hlp vthh UK, local Joy CrcA¢s •r¥l Scmty. %blll be stwling to oft¢r 8over ¥Jpr8ntie8ship Opportun1£$ ilhin lh¢ mw s•¢tty. 'InJplrn to Grorf G•rd•nlnq Gfo Thi$ group rtinUeS lo provlde regu18r se$58 thal SUPfKJrt hx81 peo wth varyirrfj addmkjnal needs indudin9 heth, menlal heath knamln9 dtsats"16bes. Fmm May. thvy were 8bl8 to rnsume Outdoor $06810n8 un1 the 8nd of Cttober. Fc4lcth+ry the litng ol r•strictbM In 2021, m8mbws to maèt thdr ffid8 C a reguLqr b&ls %thi¢h tmsis th•r w•lltityng •rKI gwornl mry•l. Café Crypt We contlnue w5th our endoJrS to r•MN• funld so thi8 flIty Can bè èstxbltsh•d as a rl- for.pfofit cOrUlty resourco that ran r IcKal f(MxI wjvwty as port d th• N•ght&Juthood Fo&J Model. InSFir¥ has recenty jolned the IN4rth. wibab¥• awns to beiw local governmt. charftle8. community grDUPS, interested stskeholders residents together to kxovide 1gsb'TrJ lUtn6 whith wll miti9819 lh8 Inequalities that foo¢1 poverty infflicts on our 1g1lydS. A• of th• 222 Charlty Ch•lenw wJgramrM, w Café CW prw won th•"Cornmunty RosIlne0. folIcing the enthu8ia3li¢ wrt w¢ from x undgrgraduats Blud?nts vtho hdpod to IUa88rch and 8n for knsPi to its ci•ve5 45 a koj wjvwty $uppryt facilty.
INSPIRE AT ST PEfER'S LIMITED
{A ¢¢)mpany Llmit•d by Guaranteg
REPORT OF THE TRUSTEES
Partn•¥hlp Work
Inspire o)ntinues to dwdop mulualty benefiri81 PartyshIp wih a wde farrfJe of onwi5ation$ in thè pUtle,
voluntary and prtvate sectors, both kxalty and 8orDugh wd•. W& )$¥9 reiqlK)n$hips wlth olhw chartty
and
INSPIRE AT ST PEfER'S LIIAITED (A company LIMIt by Gtsarantee) REPORT OF THE TRUSTEES Flnandal R•¥kn¥ Total incom• forth• y•ar £385,870 (2021.. £468,639) £3)1.233 IW21'. £264.0571 wasfrorn rnstiict•J funding stream5. Onty È20,03012021. £8,73SI ol the unrestn'ckny of £84.43712021.. £204,582) wag able to be generated thrw room hire. mainty duo to tha sbw reu)very from Co¥ld reslriclions th8 mo ¢))mmon us8 ofon.llne ma1r plaloms. Totsl •xWntJr8 for th• s•rw48 £417.35612021.' £379,195) Of1th £309.04412021.. £210.055) w88 $pgnt restrict1 8caith. For the year ended 31 Ma 2tr22. thwe wa5 an exc858 of exp8rbdir• ovèr intom8 of £31.68612022.' £89,444 surplus) of ¥thit, £23,87512021." £55.695 defio.tl was Uns"¢bY. unrestrid reservès e8rri1 for £39.56 IW21', £63,781). R¢8trktwl r•wv•8 At 31 Mwch 2ff22 £53.18212W21.. £.993). Pdl¢y tt Lsthe stated Oicyoltho Tnte09 to matsrmanCl re8wves equNt to IhwmonthsoperatirvJ exp8ndrture whi¢h •quths io t104.339 for th8 fman yoar. At the eTrJ of Marth 21Y22, unr•8trthd rn8•rv•8 %wr• £39,8 representing four weeks ol ¢watin9 ¢08ts ba8•J ewendRure. Gn thal Inspir• ha$ no p•rn)9nt endowments and rel on mwy a r8rg8 clfvnding to its th• procths ol tKJilding up thi5 81 of unr•sldct8d rns•Nes remalrA ch81eryJirfj. This siluatiw Is now rrbyt 8taNè o)mpor•J to 2020 rwnains a V•Drk In PTr4[. Tot rostrictJ fvndl It 31 M¥¢h 2022 £53.18212021'. £60.9931. Rl•k M•n•g•m•nt As part of Iheir regulw monit.n9 of th• ¢h•rtty'• acbvittm. th• TnMt••8 const•nty any tsks whic Ihty c£nder th• crfgonl¥gth)n m4y 8ff8et8d ty. Th• TnA1$ that the mwr r18ks %thl¢h th• ¢arfty could bè •XF4)$8d h• bn mithY•J thal sy8tem& bèèn •8t8bli8h8d to mItsta those PO85its'liti•s. Key rfsks 8t prwenl time are.. Polky•r•• Itlq•dnq Llnk r•8w4eB polky to bUTh pl¥ww, aelmbas 8king8kl• finandal nd 0rnting rfsks Rogularty r6serveB pdlw 8nd r88p(se lo OT Inatmlity to not twm Reputsbon rf this nrK)t be jtifd Focjjs on Increasirrfj free roseNe8 In businss t48Ming obje( Income lty Id•nUfy mJiN dependent fvnd•rn Impknient approprf8te reservos polty Consthr dlvorslfitslon options Maintain ovwview of grant peri¢)d
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Revitrw incthne streams, especial frryn r(rn hire, aff&t•d by Jvrs• 70M (x)ndthns 8t8ry Impact lo11v any major k)ss ofkn(ryne
INSPIRE AT ST PETER'S uMrrED IA company Limited by Guarantee) REPORT OF ThE TRUSTEES Post pandemic recovgry Idenbfy apprLyial• irKx)ma streams Rgsurne all C4YO s10$ in $8 to onable ntinUed support for our most vulnera8 cX)nnUn8s ss of In¢))me SustailIty of kry Ly)mmwiityiM5 Plans for Futur• PAovlng Inlo 2022.23 k•y to 8ddrnss mdthlo.. Fundr8lslng- contsn to dN8(8ify Ihe thaity's incom& strèams to diversfy inc())e streams and funding sourc•8. R•W •xlslng b)rJw t¢nn th3r•tyMnts FbI• du• vAthln next final year. Resoibre Manaqemenl. maintsin tern spxe fw'lrbes tr our in hous0 8cvities tyostyj in Tho Crypt so they are 8U61ain8blg 8rrarg8 othef venue8 lo prryide a r8rvJg of other indcor arKI oppgrtunitig8. iTrganls•llon81 D•v•10pm- conts"nuiThJ to dol0p th• ch•rWs me¢'um tern strategy to enwre 8eryiceB remain sustalnable even in advwse arcurnStS, as the Cov•J pandwnK. eo we can adapt effectively and al speed. Café Crypt- tt1ntln to PLtrsu8 OpportuiwlS Ihat wll bnng th8 Café faolty back Inlo ath• u8• on sust8inabl8 b88is vttlch mu8t also 19n with Inspiro's thaiitable ityGbv. Tho m8Sn akn will be to a88i8t with kjcal food povety a6 part of the Wa1)rth NwghtQurhCd F( Modd. Golng C+)nc•rn The finanrjal slatements have wepared on a 9cthg oywn ba81B * th? tyusteoB that mrf81 uncert8lntles exlst. The trustees have (slered the of fvndB held the expectgj levd ol irKxJme and 8xpsndilur• for 12 month8 frcx718ulh)rising th890 financial s1at•rrnts. Looklng loThMlll, the TnJ8teO5 c¥yffident that C4JnJnLK)w eff(¥ts are ctinuj lo Ihe rarye offundlrg necAssary to meet grobmng demaTrJ$ on Inspire's Core serwcM and folknv the btyjgetary controh nec868ary to gnsurg th$ th8rity rwrt8iM sustainab 8ThJ 8tA• to ()ntirn as 8 (%)nm. The pandernlc ntInUeS to have Imm on r(w hlre aftw restricUonB have eas off but rernaln slow to pick up agaln. Som• PfOWOUS sourc4s ol reseNalKns. espeoalty for the statutory sector. wlll not relum because they continu8 to u¥e on-ling F48rf0rns whith arè mre ¢t 8ffici8nt. Many ol th8 found8lion5 and othor 9rant providerB vtho had wther or su5P8nded thwrfvndirs opkns during the pandernic h8v8 8tarted to offergrants wJaln astyJrs•rt•g rebjm tl somornm)alty tlw sts)uld be able to st1198 ourfundlng support. Many of ourfundws are 51artiTr3 to offèr support th0 Y re51rthins on us8whK will continu8to improv• our charity's 01 unrestrthd rese5 to stab18 at an •quwalènt oi month8 wrabng •xp8nditurè. This posthn conbnu• to buikl a base for In"re'8 fijlure sustainablty aThJ meet the nb"nOU$ damgnd on our charity's communrty b8s*1 in rospoThJing to •¥•r Increasing costs ol liwng wrthin our lorAIty.
INSPIRE AT ST PEfER'S LIMrrED IA cornpany Limited by Guarantee) REPORT OF THE TRUSTEES Slructur•, gOv•rn•n and ffl•n•gomont Thè ¥eMIng thurnéntofthèorganisatn Is the PAwN)urn and ArtKles ofAssociation oflnSpw# •t Sl P•b¢8 as a eompany by guarattee on 27 Cthber 2Crf)3 as amend&J in 2014. Trustees ofthe tharlty The Directorn ofthe charitable ujmwy ar¢ rf¥ Tntforth• pwp)8•s ofLarlty t. Th Truste68 8erved duriry Ih? b81 anCIal yr are as lolknw.. Robert Smèath- Chalr Peter Cha(tMck- Rev. Alan Wkl- Trea6uror Lahan Biodun alr. Lorr•ln¥ Loud•r Alexandra Loythn IRo8Wl 23 Nobwthr 21rd1) Rev. Andrew m0ht1-klUrn Thaophllla Sha Nich8$ Wèèdon The pIcrdUr68 p)vemlng the ap)intm rgryun¥rt of Trust lald dcvm Mi Ad•S 29 - 35 ol th Artlckn of A580clalhJn. dwrlty takès Tnt••s dr•n from int•rn8t•J m•mb•rs ol lh8 I1 ¢xJmmunty and volunt••rn olth• ehArlty. Th• Tru8t8•8 arn Oirocloro ofthe th•rlty'8 •8•odat•d rpanY Ilmit•d by warant••. Ltrqan18atlwl8truclur• Tr• &)•rd ofTruSt m••ts wartwtyvlth the ChS8l Exw)Jtfve ofthe In •ttwKlancg ex tsffldo. Th• day.t day op8ratky) ol Inspire. strategKalty 8nd opwau, Is th8 roSklbil1ty of Chknl ExecutNo Ni1 Sc)tt- S8Lgri68 of kèy m8n8g8mtt are set by the Board ba5&J on slary revvws, Bector rn8rk¢t r8t¥$ and av¥ll¥ble fvndlrrf4. K&y t)pernlltsndst•ff d¢ty h y•8r 21nSpirè'. Young People's Prograrnme Managw-zwa Lbyd Sl0r Youth Workef- Kther Tal Ythrth Workwts-Abw S¥rpel. AndrvwAyrna. Samud Danla. Segun Inspire P8rsnis". Programme Manager- Sarah Parry Infonnation & D Cwrfinalry- AdknO Athlru8e Inspiro to W¢Nk'.
INSPIRE AT ST PEfER'S LIMITED (A company Umlt•d by Guarnntwl REPORT OF THE TRUSTEES Front of House- tsjnna Grdnt Froni of House Supwrt- Gernld¥ McGu•iess. D1 Firw. Laurfjn HwTiS Cle8nry- Marie Mhurin Inspire continues to rk do3gly St P•t•rfs Church, conb"r4JiThJ to deh4r sefVK4S frorn it8 locDtion Irorn thg Crypt of the Churth. Both inln$ shar8 a c£nnM)n g)al to s8rye the IcK81 crynmunity olW8Kwrth, which rank5 ong of th? nwi swalty ndghbrtK$ in UK. In add, Insplre Mntains 8troTrJ Ilnks wilh the Soullrth Cwneil •ThJ many ottr Ir4 or kal voluntwy sector groups workirJ rosS 8imilar Serv are&4. t#AneS that supwjrt the organisatson throtjgh the provision of Orfinanci 05sista. InSplr8 Mjuld like w Ihank 811 Jrfvndel5 WYI benetrlS durirg 2021-22. Th indud88, but b not lirnfted b).. 29th May 1961 Charflable Trust Aetiva Communmies NehIk. GaMhang Arnold Cl** C(¥nmunlty Fur#J BBC Children In N88d Chart¢rhous¢ In Southwa Henry Smith Ch8rity Jack Pelchey Foundats Julia and H8n8 R8uslng L88th8rsdlern Compony Lloyd8 Bank Found&tlon London Youth A¢iivtr Fund Merchant TA0$ Comwy Notting Hlll GenesI8 Southwark Courf Streets of London St G•Jrga Th8 Matyr Charfty Th? Smal)d Trust The Soclel Innov?'0n P¥tth•rshlp UnKed St Sav•)urs 10
INSPIRE AT ST pER.$ LIMrrED
(A company Umlt•d by Guarantw)
REPORT OF THE TrUSTEES
Trust•• rMponsibllltl•
Tho Truste•J. ar• tlrn&y8 trf Insplrn for of c
INSPIRE AT ST PEfER'S LIMrrED IA cornpany Umlt•d by Gu•rnnte•) INDEPENDENT EXAMINER'S REPORT TO THE MEIIBERS I reFKJrt to the chty truste8s on my examination ol th• arAxJunts ol the c4xnpany lor the year 31 March 2022 whth are set ¢)ut on pages 13 to 23. R•pon•lblllll•s and b••l• ol w•port A¥ the chanty tsusteesofth• Lyjmpary akn rts dl1010rthe purposes of wrryary Iwwl you arg r8sponsiblg for the weparaticffi of the in •¢ty)Id•n with rwLMrements ol the Ccffipani88 Act 20C6 Ilhe 20LX HavlNJ satlsfled M1that the TUnts rf theixrnpww are requir1 lo bg ¥uditwl undgr Part 16 of thè 2CK Act 0rg9ligibkn l¢r indynd•nt •xtffiinabon. I rwrtin rw ofmy examinatson of your cornpany's aUnts a8 carried out under section 145 tsf lh¢ Chonts Act 2011 I'lhe 2011 Adl. In e4rrying out my examination I have folkjwed th8 DIrli0n$ gN•n by the Chen'ty Cornmissw urmjw 88ikni 14515Xbl Of 2011 ACL Ind•p•nd•nt •urrlrvJV• •lal•rn•nt sinc Ih•ccmwy's gross Ome0Xce8ded £250.0 Your¥M1mItt0 a mèmbwofa t)dy l¢stad in saction 145 of the 2011 Ad. l Lyfim1 that l a7) qualth&J to und&Xake th8 examination l arn a membor ol The Institute of Chartered Accounts Eroland and Walès, on• ol th& ILst&J bodkns. I hava COM81j my •Ina'0n. I rAnfinn th¥t Th) mottws h•• to my att8ntb)n kn tnakIn th tha èxnlnathM. olhar Ih8n Ih8t d18eAl beh)w. gIn9 me caJ8e to bdievethat in m•t¢rio1 rwKL acwuntiThJ records re Tr)t ko0 M) r•sp¥t d th• c¥)mw as Ir• ty 88ckn 386 of tha 2006 Act., or the acwunls do r•)1 Cord ¢hosg rwds., Or th• acc£Junts do not c(Mnpty wAth the wntIr9 ul1Thnts o15Xtb 3 ¢f thg 20[6 Act other than any requirement that the accounts give a '1 and fair viv whKh is Th)1 a motter nsid¥•d •$ part of an indgpendwi •xaminathM.' or ¢hg g¢wunts not prepar1 in tth the melhod6 Pn¢S of Ihe Statemeni of Recomrnended Practs br •nd r8FL)rbrYd by chanlles. I have no LxJnc4m8 and have corn8 other m•tt•rn in ¢(Thgckn wlth thè •xamintion to whkh attant should b8 drffi In th18 rwt In orderto Ur¥Jtysi•r of th• ¥¢thints to b• r•ad. A Wllk•• IFCA} For and on beh8N d A2ets ALJrt S*08 Grèy¢own Hous8. 2211227 High Street Orplngton, Kent, BR6 ONZ 4 August 2022 12
INSPIRE AT ST PETER'S UMITED IA company Llmlted by Guarnnt••) STATEMEirf OF FIP4ANCIALACTMTIES FOR THE YEAR ENDED 31 IAARCH 2022 INCOME AND EXPENDITURE ACCOUNT Tot•1 2021 fvnd• fund• 2022 Ineam• from: Don8tlon8 Charitable activities.. Grants T184e Other.. Rent In(¥Nne HMRC-Job R8t8ntiM xh¢mo Business IntemJptM dam 47. 301.Z33 348,329 425,236 20,0 5,287 9.671 20,030 5.287 9,671 8.736 23,457 8,248 Tot•1 In 84.437 301.233 385,670 Exp•ndltur• on: Charftable 8cUvffl•s 1LW,312 309.044 417. 379.195 Totsl •xp•nrfIr• 108.312 9,044 417,356 379,195 N•t mov•ffart In fvn41• 123.875) 17,8111 131.8861 89.444 Fund• br¢xffjhtforw•rd at 1 Aprll 2021 63.781 124,774 Tot•1 fund• rrI•d •1 31 March 2022 $3,182 93.088 124.T14 l ofth• chaty$ tro1wthr are derf¥1 frrrfn (x>rfni The Stat•m8nt of Fthanclal Ac¥vtU•s Indu*Jots 811 j h)8888 wjgnkned In th• y 13
INSPIRE AT ST PEfER'S UMITED (A company Limlt•d by Guarnntw) STATEMENT OF FINANCIAL ACTIvlEs FOR THE YEAR ENDED 31 MARCH 2022 CompJr•O% y•ar Infom y•r •nd•d 31 March 2021 Unmtrfet•d R•strlct•d funds fund• 2021 th)nations Charitablg acts'vrtw.. Gfants receN8tle 2.963 161.179 264,057 425,238 Rental Income HMRC- Job Retentw Bu8ine58 Interwptkn dam 8,735 23.457 8,248 8,735 23,457 8,248 Total Incom• 204.SB2 264.057 468,639 Exp•ndltur• on: Charil•N• ft1 169,140 210.055 379,195 Tot1 •xp•ndltur• 169.140 210.055 379,195 N•t In¢on I l•xp•ndltur•l 35,442 89.444 Tr•n•f•f t>•t••n fund• 12 20,253 120,2531 N•t mov•m•nt In lund• 33,749 F¥nd• brougMforw•rd •t 1 Aprfl 2020 27,244 35,3)) T+)tal fund• rI1•d for•rd at 31 March 2021 63.781 124.774 14
INSPIRE AT ST PETER'S LIMITED (A company Limit•d by Guaranteè) BALANCE 3HEeT AS AT 31 MARCH 2022 2022 Flx•d A••ts 13.7 19,802 Curr•nt AM•ts Dobl¢y3 Cash al bank In h•KI 10 26.7T2 103.725 12,597 119,558 1&).497 132,155 Cr•dltor•: fathng du¥ thln on• y•8r 11 (61.177) 127,183) N•t Curr•ntAwl¥ 104,972 N•t A•••ts 124.774 R•pr•Mntsd by: Resld¢t•d funds Unre6trtcted fundB G•n•r81 fvnd 12 53.182 60,993 63,781 Total fundB 13 124,774 The charftable (rJmpNy h lINed to eX•tron Irom WLIt undw 477 of th• Comp•nl•B AL 2006 for th• yw •nd•d 31 March 2022. The rnernbe havg not rg]ulred the c¢)mp8ry to obtain of ts hnand4 Slatts tor th• y ended 31 Marth 2022 in accord8nce %trlth 476 of the CompanNrys Act 2Q)6. Th• rectOrS ackn¢)wl•• trr rnswAblllkn tr.. (al urtng that the th8ritabb cryrpany keeps xcounluig wlh SK*t$ 366 #nd 387 ofthe cpanIes Act 2[ and (b) pwaring finonrial $latenwts whith falr vlthv of il)& stata ol affalrs of th• thorlt8bl8 ComnY 0$ ot the finan¢il y¢gr and of Ms $uolus or for 0g¢h fingndal or In acCOrdar tho requlrrnts of Seth)ns 394 arnj 395 an(1 whlch otheF%thBe crynpty wlh t quSrements of the Cryath88 A(a 2( roth. b) IknwKi81 stat•ments, so far aB Icable to the ¢h•riiabltr ¢4yryty. Approv&JtythoeOardofOlr0n....,......... ............ .. and swj on thdr bthaif by.. Rob•rt Sm•alh Chr 15
INSPIRE AT ST PETER'S IA Company Limited by Gu•rnnts•l NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 ACCOUNfNG POUCIES B¥•ls of preparnOn Inspire at St Peterfs 1$ 4 ajwy limit by guafante? in the UnibJ ng(rn. In ihe •v•nt of the charfty b8iroJ wound up. the liat4.lty rnsped of the guarantee 15 lirnrted to £10 per rnembÈr of the ethartty. The oddr8ss of the register offic• is gven in thè chanty inlom)ation on p&Je 1 of fin8nuAI SleMs. The n8lurn of IM ch¥tys (perabor priropol 4¢$ af• sot oth on page 2. The tharity ($t(lUt&S a publt b8nefii W as drfiwl by FFiS 102. Th fin81 stat&rents have been prep8r&J in acu)rd8nce Aco) Rem"ThJ by char88.. Ststem¢nt of Relrnande Pre applie& lo charities prepanng thwr arXxnts in wth the Finanryal Roporb'ng Stand8rd applic0 in Iha UK and R4)U1¢ of Irdand {FRS 1021 ISSU on 16 Juty 2014 las updated through update Bulletsn 1 wblished on 2 February 20161. the Finaw ReFKJrting Standard applicatAe in th6 Unilod Kingd and Republk of Irdand IFRS 1021, thè Charibes Act 2011 and UK GeneratlyA¢¢epi¥d PracbcA as it appl186 Irom l Juary 2015 amended ty UFoJat8 8ullgtin 1 a 2. The fina181 statornents ar• ww•d on a lIva basis undtr th• hlstorical cost ¢ventIon. rnodrfied to Indudo ¢4ttsln at f•r vdu•. lin8fKael slatWTWts aro pr•t•d in sterfing Wh IB the I081 vjnency of Ihe th•rity. Th¢ $1gnrfKont acxounllng pdld88 tho ofthw fifttIal statents are 8etoul boknv. Th¥ polld•s bwn Car8tty applknd lo al unl8ss othrw8e 8tl. In¢om• All incom• 18 Included in tho St•m• ol FIn• Ae1fvIt ISCfAI th the bjally •Yod to th Inm0 alt•r any perfornanc conditk>ns h•v• nwL thè ran b8 rneasur rdieJ)ly and il 1$ probable that inLxma will b8 rewved. r)naon8 and grf16 we Indudtyj in full In th• SOFA The chartty r•c•lves grants In resfft of its Inffle Irorn gwts are re9)3nl #tfalrvalue vtt8n Ihe tharity has éntldomenl after any perfoanCe ¢cdrtn5 h8V8 bew mèt. rt ts probable that the incLJme 11 bg re¢dv•J #na th• AM(nt ran be nwasurod reli)ty. 11 not m¥t then thwe amounts are dderr•J. O¢h•r Incthn• indud88 earn from fundwwwNJ and actIab to ral8e fvnd8 for d maMbhIp sub8CriPtknns. Inm? is wel¥1 in gxchgNJg for supptylng swvlco5 In tsrdsr to raiie funds aThJ Is r8u)gnis1 when ent611ement h8B GovwnMeI grants are wiwj at the f•r yu• ol th8 8SS•t or wh¢n thwo Is f•osonAbl• assurance Ihat the gwt CA)nditWs wll be mèt and Iha grants WAI be rewved. A 9rant that 8pwifi89 perfonnart8 eondi'ons recwnise¢J in income vhgn Ihe perfomanc ctJndit¥)ns are mel. Where a grant éoes nol speafy perfomiance COnrt$ it L8 recognwj in income the pr0eAS are recelved or r8cvable. A grant rew¥1 t)efore the T8nItNI uitia ar• 88tsfd Is rncwrised 86 a liats'lity. InVestrn1 inoJm• * Induded when I4¥10. Exp•ndlturn All oxpenditure accounted foron an 8t> basi8 has been dasslknj under hing8 that aggr8gale
ll costs rdated to Iho category. Expendilure is re(x)gniswl wknero Ihom is a 18gal or 0)nSi"Ve obligation
to rnake payrnents to thifts parkn"es. it Is probat4e Ihal th8 sel118rn1 wfill ba wuld and the aftJ)unl of the obluatkln be li k8 te0d undwthe fc4lryAirg h8adMig8.' Costs ol raon9 fundB we (¥s1s irtyrr1 in attraj btluntary Incomo. Charitabl• •xw)ditur• comprises ttK)secosts bytha drity ) the delivery of its acliviJes end Serv88 IL¥ its b&)efKiari8s. rt kndudes both crffjts th'r to &tivfjties and those c&)sts of an indirect nature necessary to support th. IrreGovw*o VAT 45 thw9ed a¥ gxpBrw wJainstts for expdi¢Te arcffje. 16
INSPIRE AT ST PETER'S LIMrrED IA ¢ompany Umltod by Guaranto0) NOTES TO THE FINANCIAL STATEMEP4TS FOR THE YEAR ENDED 31 MARCH 2022 support ¢o•l• •lloutlon Suppthl (sts a those th8t 8ssLqt I Y)rk ofth• th8rlty but th) Th)t dirertty repTw chatttablo ¥It188 ant1 Indude office CA)sts. govemancecosts, admInkattve proll rnsts. They are In¢wrrI diFEdty in suppryt of exwnditurè on the objeds ol the tharity and dUde proied magemen1 carned out at Htradquarters. Where support cx)$L8 b8 dir• attnbuted to pariKuLqr heath'ThJ5 they have been alk)cated to cost of rnlslng fund8 aTrJ eyw¥lhuro w (aWtsb aci¥ltA8 8 b8BiB w&ith to• ol th• rnBourcth. Fun¢148isin9 ccsts arg those incUff1 in se'rrfJ vokwary nknti and tr) not indud¢ tho uJ$ts of iS8eminating inlormatK>n in gjpport cl the thwitAe Fund• K¢ountlnq unrtsty gora1 fund8 w• fwK18 wthkh c•) b• In tho charlt•bkn rt¥octs at th• dellon clthè fnA4t••s. Restrlthd funds 8r8 fvnds that can only b• u8•d for parth%l8r fe8tiicted purp¢MB wlthln tho otyacts of the ch8rity. R&strictK)n arws when s[rIe(l by Ihe OJThJr or Ivnds ar8 raiwj for p•thlar f•9trfct8d purpoDoB. Thoso ou1 12. T•nolbl• Ilx•d a•••l• Tangib fix8d ass•ts arn Ststed at (YAI16y8 depth. As8•ts oMts'ng1088 Ihon £1,WO we vrtltt8n off In tho pwlod of xqui8llKXt. All other w•ts arn Ltsls•J. D•pr8Llatk)n provld&J ot rJteB ¢doJl¥tsd to wrft• crf the ¢xt or v•lualkn of fix•d 88••ts, 1088 thdr •tsllmatsd rn81dual vduo, over thw"r expected uaéfijl Iv•s al fdly.. FlxbJro8, fftllThJs equisffi• . 25% straht lkn• Ca•h •t bank and In hand Cash at bank and ca8h in h8nd Indth ¢•h ar t•rm hlghty Ilqukl Irw•strn8nts 8PKJrt maturfty of frnntha tsr1•88 the date of w)wisIl or opthing trf d8po8hor 81mllar accwnl. O•btor• •nd ¢r•dS10rn r•e•lvabl• I py•bl• wlthln on• y•ar D•btor8 and uedllors vthh rK) Stat1 intèrèst rate and wwabl8or pay¥bfwithin ¢)n• y•¥ arn rnCOrd •t n$8ctlon prfc•. Arry all1v4 frtym Imml arn W>gnlBrJ In wp•ndltur•. Corp(nll<)n T•x The charty Is an exp1¢h•r1tythknts 018¢4 3oftho Charit8Ad 2011 and b 0)ndd to pass the lesls set oul in Paragmph 1 Sch•dukn 6 FI¢8 Acl 2010 •nd thathr• it mo the definttlon of a ¢hwft8bl8 companylor UK COt tax pufjxw. Golng Conc•m Although Inspire's fun(ng OPFQrturiti85 $161 th8lkngir¥J lo irnth #nd s•Tr after the pandemi¢, t Truste ar• are COnfidt thal efforf¥ are still b9 made to at¢YaL Ihe supp(Mt rCessary to maintaln the ¢onatant ¢Y•mand$ on InSW,$ m•n MmUnty GC housekeeping and 5trDng budgetsry ¢ontr¢th rwnain a prknrlty to mur• th• chanty'• $taIn.1 to ca"nUe a• a wng (¥?Trm. Th• taihwndg of Covid p•rbJwnic arn sbll haThJ S( irnpa¢t th? tharity'8 incom•, especially roorn hire res8ryatks vAkh Tern str4 to up. alttwh our hire rate8 hava incr•ased lo reflect our own incrnental cx)st base. We are 3tsrbng to a numbw of Prkj5 supporters in addrtlc to foundatw. vlll knkycwe Ihe OrrtY oflundirKJ Str15 into the futuro rw that emergei fundlro ry>pJrtuniti•s pr•vKJu mllablo durfThJ ts pandèm h88 now Lwwj. For the 221-22 flnandal year, were support by 23 drfferent funders grealy [)J¢e$ our d8wdenc on any signifi¢t Ino)rne swrc85. M8ny of our mw fvnOrJ strewns havo b& ¥proved over a numbw of years whi ables Inspi to plan ahead th greater confthce. A largo proporton of the pwitius y•als unrn8trfcled reger¥ps of £83.791 r•tairod from the prel financial year whth hdped to provJ8 a ged foundatK)n for 2021-22 8$ out ofthe pandemk, For this finanaal year's lert. those reserves have to £39.6. but mary fvnders recoynise the mrxjrtancè of d84estrtth"ThJ tsir grants vthich assist our th•'s fiexihty. In addth"on, as roorn hire 17
INSPIRE AT ST PETER'S UMITEO (A company Llmlt•d by Guarante•) NOTES TO ThE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Golng Conc•rn- contlnuod Based on these improviw trends and pro9re$8ive rary of ffina[D sup1 avalabkg, Ihg Trttstees cnsid the Chty to be a corwn have prepar•J the wjunts w Ihat bw. Oporating l•a¥• Rentab payable underopwr918ws ar8d toth8 s1atwn0fFlncial AdMtieB &8 incurred ovèr the tenn ofthglgaw. Judg•m•nts and k•y WJfC•• ofMtlm•tlon u1K•rtnfy A(xounting eS'mateS aThJ judg8rn8nts Livltinually waluatsd and 8r• basèd on hIs1t4 èxparièneA 8nt1 olher f8ctor¥, indudiThJ firture 8vents that are believed to b8 rea8onable under th The lollowiThJ iudgements lapartfrom involvirYJ •slimat•sl hav• ba madè in th8 proe•ts of applylng the atve a)un'ThJ wlicy¥¥ Ihal the mo nonI gffga ¢)n aUnts rwni$wJ In t fin8x StatnIs." Usglul gconomlc INes olt8ngth assèts The annual depreci¥bw Char Iwtangibl¢ $4rlllv• to ¢hang•s In th• ¥stimatsd usoful w)Th)mlc Ilves and msmdual v4u66 of the &sBets. The elu1 econom INeB and le8Ual values are re-a68esB&J 8nnu8lly. Th•y nwAs8ary to r•fi8ct oJrMt 8slmats8, basad t•chnobgl adVCeMen1, future inVestrnts, gcvromK utilisalh)n thg thy$11 cvndilion of Ihg 9¥59ts. Seg notg 9 for the ryin9 arwJunt ol the fixiures. fittirv45 and wu1pmt. 8nd nole f lor the eful KormI¢ Ilves ffyr each class of assets. There arè no key a8iumplions ¢)JnwnirKJ thè lulur• And olhar kgy aourc88 of 88tim8Oon urt8rt8inty Ot thè r•porting datè that ha a gnifiCant 01¥j a matérid 8dlustm8ni to thè e4rylNJ *Th)untsofas8èts ?nd liabile6 wilhin thg next finanual yw. 18
INSPIRE AT ST PETER'S UMITED (A company Umlted by Guarante•) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 GRANTS RECEIVABLE 2021 2V May 1961 Chwftoblg Trust 5.OfKJ 2.7 Amold Communty Fund BBC Chlldrn) In BKJ FiBh &'g Pond Prrsramm¢ Charit FoundatKJn Chart•rhou88 In swark Clothw)rk•rn Fo110n DepartnI for OiGilal, Cutture, 8nd SpK)rt Department lor Work and pebor0 Garfd Weston Foundation onry Smith Ch8rity Jack Petcw Foundthn Juli8 8 Hans R8USiW¥J L&a Plac8makerB LCF Elwant & Casuè cMmUrdty Fund Leathersellers Cornpany LPoydB Bank Foundolon Lonthffi Communlty Resporw Fund Lond Youth Merthanl Taylorf$ Cunpany N8lkJn* Lottery Covid F4d NelghbtyJrB Fund PToIKt Nolts'rrfJ Hill Genesls smalh Trust Social InnovotK)n P•rtrrtrnhip Souler charitale TnHI Southwark Courril St Gwrg• Th• Matyr Chaty Thè Sedal I81)n P8rb)•rnhlp Th8 Austsn & Hopè Trv81 The Fm fvnd Unfjt•d St Sa¥lours
).321 .321 32.938 35,) 10,¢)LKI 14.29) 14.2Y) 25,L 20,WJ 40.0 15.750 15.750 10,0 10.0 30,971 11,198 10.(XXI 10,IX 25,OCKJ 25.0 1,5LKI 10,OCK) 10.lxo 10,OCO 2,376 7S.C 6.263 2.376 75,OCQ 6,263 3,S¢ 84.181 2.OlXI 89,248 16,IX 61.826 77.826 197 197 25.] 25,8 11,7 47.09S 301233 348.329 425.236 19
INSPIRE AT ST PEfER'S LIMrrED (A Company Llmlt•d by Guaranto•) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 klARCH 2022 EXPENDITURE Supwt cost• Total 2021 cts 2022 chtIo aclvth: 21nSre YcNthh Group InSplr• Communty centres Inspirg Partr Inspi to Work Inspi to Gr¢y Othef acaiwknes 97.201 64.738 18,632 871 30,176 10.440 41,655 42.703 157,488 108.312 95.245 41.818 81,229 169.140 79,765 38,061 9,5) 1.SL 31.378 2.244 2.727 6.938 10.493 251. 64.202 101.325 417.356 379.195 I costs arg albxated bets%en th• expènditurè cat>)$ ThJt•J ats) on a basts d•swJnèd to wfieet th• Use of the resource. Costs relaJn9 to 8 pwIlr alhxalod direLy. othws apporbongd on an appPat8 basis. 'ng. lime spenL SUPPORT COST3 2022 2021 R•nt, r8t•8. Urte and u11it688 PrintiThJ, Fo$lage, Statgry ond teloplw• Property maintgnancg 4nd d¢8ning BookkeeTrg, accountancy and payrdl admin IT rn8intenarKe and consumables Staff training and TLml 35.$93 7,991 19,6C 14,656 10,113 2.1fJ) 6,034 20.141 7.697 3.738 10,906 10,346 2.618 5.283 3,893 Other costs Govemanct lth)to 5) 4,728 101,325 67.262 GOVERNANCE COSTS 2022 2021 Independent 8X8mln8tk)n- rrent year Ind•p6né6nt eXaMinat- under provtsffj In yoer L8gal and prof>nal f•88 4.2fJJ 420 4,728 3,893 NET INCOME I {EXPENDtTUREI FOR ThE YEAR 2022 2021 Net I {eXpthIre) IB stated 81 thw9irg: IndeFendent ExamI1S F•8 Independent Exarninerfs Fee - UThJer WD¥i¥iDn Mi priDr year 4,2e 3,840 420 6,034 2,618
INSPIRE AT ST PETER'S LIMrrED (A company Llmlt8d by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 TRUSTEE REMUNERATIOM No trustffis fweNod or wapmj Ternuner8lKn for 1r semfx In on the year. No trustee was rrimlwr88d expenses12021. £NrfI STAFF COSTS 2022 2021 Salath w&Je8 Sodd $8¢uity Penslons 232.341 15.197 4,291 228.150 15,187 4.163 251.829 247,51)0 The aveTrye monthty number of durfNJ th• y•8r was: 18 15 No rnernr of staff esmed mor& Ihgn £80,CW during th8 ye•r {2W21.' Mnel. The key managttment rsc¥)nol c¥JMprLs6 of those 11stl (Yt page 1. The k)lal remLww8tion {IrKlu¢Jlng 8mployer8 n8bon81 In8vrnn¢• and o)ntrftrAthM) pald to k•y Ij1 p•r•onnol £133,5(2021'. £133,677). TANGIBLE FIXED ASSETS Flxtur••, ffltlng• •nd •qulprn•nt COST At 1 Apdl 2021 Addllbns In Ih? y 210,711 At 31 2022 210,711 DEPRECIAnON Al 1 Aprfl 2021 Charg• knrth• y•ar 19),9)9 6.034 At 31 Mwth 21722 196,943 NEf BOOK VALUE At 31 M•r¢h 2022 13.768 At 31 March 2ff21 19,802 10, DEBTORS 2022 2021 Room hire 3,138 12.140 11.494 S20 6.248 3.829 Prep8yThenls a1 other deblrys 26.772 12,597 21
INSPIRE AT ST PETER'S UMITED IA Company Limited by Guarnnt••} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 11. CREDITORS 2022 2021 AralS and deferred income Othw taxès and s•cJJitty Other crlitOrS 46.140 5,037 21,824 5.041 318 51,177 27,183 12. RESTRICTED FUNDS B•lw• •t In¢¢m• EXp•nd1fv Tr•nsf•rn 8•¢• It 1A.2021 31.3.2022 Currnnt y••r 21nSplrn Youth CIthA Inspiré BuikllNJ Parenting Inspire lo Work Adult Prcramrn Staff pjst fvndlNJ 19.841 150. (157,488) 19.3031 195.2451 141.8181 I4.0)) I1.1) 13,133 29,774 11.378 1LKI.L 34.529 5.520 1.19) X11.233 130B.0441 53.182 8•l•The• rt Incom• EXp•nd11• Tr•n•l•r• B•lanc• at 1A.2020 31.3.2021 Prlvr y•ar 21nSplr• Youth Club8 Inspi and 21nSkNre Estate Based Wiyk Pambng Inspir$ lo Wo Adl Prcgr8mrn8 5.316 95.754 10.253 10.IXKI 97.0 41.SLKI {81.2291 11.5C)1 110,2S31 110,OC(I 19,841 12,489 7.939 179.7651 138.0611 19.5Q)I 29,774 11.378 27.244 264.rffj7 {210.055} 120,2531 60,993 21nSpiw Youth Club8- ProvKllThJ a fwvJe ol thliles arwj OFpxknlles for young wple lfvirg in waI%rth Inspi 8uildiry- Supwbng Iho ¢osty •skn•tsd b) cfal• chanty's qxiab.ng k)CallOr and farillt Estste Based Work- PdIng &1fv11Ses kn youryJ pw)ple in N¢)rth Soulhwa P8r8nting- 5UPPKJrtM)g vulnr8t40 par8nts and I1 famil in Southwrark Inspire to Work- Suprnrbrs young F•We 1&25 into nPYrnonI * W[k48 OPkM)rtunibes Adult Programme- ProvKth"ThJ 8 rnnge of activi11 and to older resi(knts livirvj in Wolwryth induding Ihose th rntal health cor#JitK)ns and othw Staff Post Fvnding- SupFQrtirs the ernpbyment rAI8ts rrf a senvr rnanw4Thnt FWt
INSPIRE AT ST PETER'S UMrrED IA company Umlt•d by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 13. AMALYSIS OF NET ASSETS BEEN FUNDS Tolal Fund8 2022 Fund• Fund• Fix•J Net current 13,768 26,138 13.788 53,182 53.182 39. R••trlctsd Unr••trlct•d Fund• Fund• 2021 Fund• FIX1 88881s 19.802 43.979 19,802 104.972 63.781 124,774 14. FINANCIAL COMMIThIENT8 At 31 2022, Ihe Tfu$I hod •nnuo1 uThJ•r cywabng I*••. tr)tsl fijturo mlrthum fin¢r Land and Bulldlng• 2022 2021 Due vAthln on• y•ar Duè to fv8 y8gr• 28,812 9,720 28,7 38,532 27,c 15. COMPAPTI LIMITED 8Y GUARAMTEE The Charity is limited ty gUW8nt8e a1 has no sh¥0 C4IMtal. Tho Wabllty guawtoed by exh m•mb•r Trs £10. At 31 March 2022 Ihe membernhp was iwdve12021.. ¥¢>. 16, RELATED PARTY TRAN3ACTIOIIS There rebtgd paty Ir¥wlw6 thgyow {2021.' £Nill.