INSI>IRE AT ST PETER'S IA Lknll•d by G￿￿nI¥•I AI44UAL AEI¥)RT AND FINANCIAL STAYEAIENTS YEAR El￿eD 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 Forn￿1d 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 Sex*8tAry Rtr. AL4n Wkl- Trtssurnr Lkn &odun Cltr. Lorr8in8 Lauder R•v. AThJrth¥ m¢xW'r￿MUfflty 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 ServK*s 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 bonefi￿les. Th& mwn we face 1$ thatthè room t￿￿fi9S, ¥thich supp)rt much of wr *rJrk, have nol rgturn￿ as pwl6 debate ￿ether zoorn replace face to f*8 m6etity forg¢xJd. Our Chief EX￿￿tiVe 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 $Upk￿ lh8 proi•J a5 & whol*. Th* th wè do Invofv68 our Y￿ pa￿tir04 prv9r•rIW￿ •nd 8k*s ￿ eMploym￿t 8UPPOrt proj•a. I would urya you to ¥￿it our website f¢4krw LK8 on 80dd rfthJa to W a fvll flaNvur of th$ 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• tr￿81809 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 docu1r￿L the Chanbes Act 2011 and Accounting and Reportirvj by Chartties.. Statement ol R￿OrnMend￿ Prxith applc&Y• to charftles preparing th￿r ac4xxJnts In accordaThx vhth the FinanLaal ReporbrwJ Standar(l appkcable ￿ the UK and Repubk of I￿l￿d published on 16 July 2014 as amend8d by U￿e 8ulle¢¥i 1 & 2. ObJ•ctFv•• Ind Actl¥ltl•• The board Confin7￿ that InSpre'8 vmion 4ThJ mi59ion staknnent 88 stilt rdovant v￿lOn- To Iw1￿3 and supwi an in8pired W**vrth. Mission- Cra816NJ a $8le w•lcorning $p•tè%%ith opportunibès whith w8blèour (x>mmunltlas to grow aNI floudsh. Guldlng valuo8- Insprè Is indusfve bali8ving that 6v•rytx)dy mallars 2. We are honest, r￿[able and Iffanspa￿nt 3. We are compasslonale when CIr￿MStanceS are drfficurt 4. We cdebrale asplrotk)n end •Jknmenl The organi￿tion'S aim8. lo Lyerate a I(￿ peoF* can mtivety aTrJ inaginatNety irwtr¥s0 ththr S￿11$, d*v¢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 Tel￿f of KKial WKI eo)nc¥nK d*adv￿8. partiojlarty among $ir¥Jle parsnts. your@ and oldsr the rThtslon of 8UPWt and ¥ocaUona 8kilL8 to ￿•t b0n6frt￿wfj08 to wrteror le￿•r emwoyment, provkllr( 8 rnng• of o)mpt8m8ntary ct)rnmunty actsvitl88 Wrtl th, for young pwlo. To meel the8e *mB Insplre a 8¥fv. wYk¥mir9 wwj rye•tivè spx* Mi l)¢al ros1d￿lS ¢8n a¢¢*$ 8 r￿g• ol s•NI(*s. I￿n￿ng mtivtr ¢x)FrfxfvnlbSS Ihgl and 8 8•)w of eommunlty. Publ1¢ b•n•fft•t•l•rrwt Th• Charity Commls8i¢)n's 9*wal guM1￿c• ￿ Plknlic b•r*fft is 88 a b88* to r•vknv InSplr•'s aims and obl8ctfv•s 8nd In planning any fulvr• xlpifo8s. In p8rticAAar. ￿ h&0 t*)1￿ld￿red 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 th￿e 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 ￿gn￿l¢ant ¢>)st of Ilvlng Increa865 p￿10m1n8Trl￿ those f￿￿n bknk afirfl MIn￿lty c￿mUnIties. A8 Covhj reBlrfclor e Ilfted, attendar￿e$ have ￿ tor 21ns￿re's ycrtrth dub 58ssbns. 5W>rts and LY881￿9 act1￿￿85 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 Unem￿nt k•vds maSn hl3h in Sryjthvth. Our P8rentlrtrJ Prcgramrne conts"rrtK8 lo tKJth parents and Iheir familK whK> find the1T￿the8 experiwKirq adverwty e8pw¥Jly 8B ¢4￿￿M$t￿¢¢$ ar¢ havlng • con5iderdble irnpact on their th'lrty to day-tfrday Ir￿r￿j 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 ￿tinu*j to provth 8ssenbal support for 0￿r 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 pand￿1C, most ol our yovro stoppwj atteThJ1￿ scfKw)l were hryne in the day under lotkdowrt restrict￿ns. leaving tyirg tOd￿ld?1>yAltts bastérrfd4è￿th th￿1 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 8￿￿Te t1￿• &ttèrndirvJ cojld wjoy a qualty ¢xptrri*ne*. At èvery sessKM, we offer Iree m8ab fr¢*n Café arna for all our young member8 as food Jvety has had an Smpac4 on alM￿t al th•'r knilia5. W• b&n8 atAe lo up for re9uLqr w09￿Y 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 supr4em￿l tr￿8. (￿r w•&kty Drama Group con￿n￿o$ 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. foot￿1. BKIX and cydiNJ bO￿n9. out¢knr 8FQrts, Go Aw and Drama Club. 82 yourg 4knd•J. #idudhw 24 gits whKh was our hvJhest female attsTra￿A. Insprfo Par8nl8 DuriNJ thèlost yaar. our Parerrtirvj Suppyl Progrnnm• provid•d support to over 70 wom￿, many of Ihem benaffftiNJ Irom our bursary ￿8￿19 m*Je 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 $upwrt for •9b•ntsal •xpendrture when dernand i￿reaS￿d wgnthcanlly to Ihfr p&ndwnic'8 continuing economic impac¢. Evèry *Y)man (￿UeSted help fomi of and ol oui a¥i6lmg relatlonships were m•lntaln8d, a¥ well as eThJ8ging new young pwents. Oyrp8rtn8rnhlp vAth th8 Farn1￿ Nur80 P8rtnwthip{FNPI in s¢¥J¢h￿0)nlknu89 tob&ourmaln sourc•ol relerrals. Thi¥ spwali$t t8am of ntsrses support youThJ Mott￿ thg ag8 0121 8N1 th•y ())n￿nUed to make wular referrals lo the Parentin9 Prc4Jr8mm8. We a*0 alongwde8ever4 I￿lty wkers •nd I￿rkerS durtng the year, partkularty 8UPPOrting youry 15￿M•n wih chik1￿ on thlkj protth ￿aTr8 and thoBe experi￿n9 difficu￿*S wth tampornry accommodalKJn. Hou¥iThJ t￿tinu8 to PrO￿d0 th8 malorfty of req1￿ts r*eèNed 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 S￿￿181 wom•n vh) we moved from pooty I￿¢$d ￿L*l￿10n bo(* Into S￿waI* thwr c4mmunty ¥nd ¥upp)rt netwofks exlsted. Wè hard to 8¢#vLX8te lor young mo11￿¥ and Ihw thildren to hav• th•m remaHI vAthln th￿1 c*Jmrnunrty. often n&JotialiThJ tireJe$8ly th• hou5irrfJ departmenl to Ihese your*J do ￿teXp8r1enl¥ isolation of being sent faraway. The avablab4.lity ofs01￿rttsts th accepi Legal A#1 to doal wrth homdwness 8nd imrnigr8tK)n issuas is a constant ch*lw4Je. Chari&'es vhKJ *t)uld have Suppl￿ whrttrg)ods fvrr*ture 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 $upkwJrt. It has been pwtKuLwly ￿￿1￿￿1￿j Ihal hoU￿r￿j tsnly provths uhfumksh&J temporary a¢cL)mmodatK)n to yourwJ p8r•nts. shrftifKJ the burd￿ for fijmishing horr￿ onto lh8 tharitable seclor. Th8 demand for I￿liVIdual a0￿ casww)rt is cornrn￿ty need continues to O￿lStendY 5trotth our Ou￿5. INSPIRE AT ST PETER'S LiIArrED (A Company Umlted by Guarantee) REPORT OF THE TrUSTEES The drcurnstarKu our proornmme was I￿ad durfr¥J 2021. frjund Ihat rJnKfjt 2 in 10 yvury pw18 awl 16- 25 In Southwwk Borough had k)st I￿1r job ané undar 6 in 10 had seen their ￿mI￿5 f811 since th& CgvKI p￿dernr¢ began. A ￿ent tyJt ty a(al￿1c$ from thè Lonth)n Sthx*l 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 wnp*4rnwl bui4kn0 th￿r ethJ￿. Th8 study 8180 found th•1 YOU￿ knvrkerB11&251 t*Ke as have kJ6t thelr pbs compared to d¢Jer pbyees antl that ta￿￿J$ m￿r$ prtywnced f0rthe8el1-ernplo￿ and thoBe wly) grvw up In Fovwty Durfn9 2M.21. lh8 Insplre lo Work pn)grJnrrn a5slstod 38 young pe￿0. Our n￿t D)nst8nt thollenge was supporting those n￿lI￿J and M￿lOri￿j fr￿n￿ Ihemskn sJll out of Myk 8ft8r pandomlc And vthenever possitle. guiding thern bac* into now eMFty￿t opport￿￿￿$. Mony young pwla w& assist • now 8 $¢ff-gMpb￿1tQnf route into had to buikl up our k1￿0 ba88 In Ihi8 area to 8rAur• Ihoy ww• glv•n •)propi6ot• infomi8tlon •rtwnd #r￿ •uth •B rnBn&aem￿ and pernonal t&xatkJnlNatlonal In8urwL* lftWkalkn$ Lhthng the last year. ￿ hav• b88n 8bkfj to stsrt kn￿at￿•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• r￿AUlt•d 8 nurn￿r of young people W•lKJ we In1ve8￿j in pnJgre86ing car8w5 or work opwjrtunltles through m•Jl8. 'BFBP' kYoJ•¢t Is • mod￿bI￿d progMYn• utswvj poJc#b'WvJeo•Jibrg knlrfi08 Which￿ hwe in Peckham. B•causo thor8 w• many conThon bl8n*8 T*Ah 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 •nIln8￿ry. brwlc*. PR WKI went manwJomnt. A8 part of our n•w pbrtn8r8hlp vthh UK, local Joy Crc*A¢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 r￿tinUeS lo provlde regu18r se$5￿￿8 thal SUPfKJrt hx81 peo￿ wth varyirrfj addmkjnal needs indudin9 he*th, menlal heath knamln9 dtsats"16bes. Fmm May. thvy were 8bl8 to rnsume Outdoor $06810n8 un￿1 the 8nd of Cttober. Fc4lcth+ry the litng ol r•strictbM In 2021, m8mbws to maèt thdr ffi￿d8 C￿ a reguLqr b&ls %thi¢h tmsis th•r w•lltityng •rKI gwornl mry•l. Café Crypt We contlnue w5th our end￿oJrS to r•MN• fun￿l￿d so thi8 f￿lIty Can bè èstxbltsh•d as a r￿l- for.pfofit cOr￿Ul￿ty resourco that ran r￿ IcKal f(MxI wjvwty as port d th• N•ght&Juthood Fo&J Model. InSFir¥ has recenty jolned the IN4￿rth. wibab¥• awns to beiw local governm￿t. charftle8. community grDUPS, interested stskeholders ￿ residents together to kxovide 1gsb'TrJ ￿lUt￿n6 whith wll miti9819 lh8 Inequalities that foo¢1 poverty infflicts on our ￿1g1￿￿￿l￿ydS. A• of th• 2￿22 Charlty Ch•lenw wJgramrM, w Café CW prw won th•"Cornmunty RosIl￿ne0. folIc￿ing the enthu8ia3li¢ wrt w¢ from *x undgrgraduats Blud?nts vtho hdpod to IUa88rch and ￿8n for knsPi￿ to its c*i•*ve5 45 a koj wjvwty $uppryt facilty. INSPIRE AT ST PEfER'S LIMITED {A ¢¢)mpany Llmit•d by Guaranteg REPORT OF THE TRUSTEES Partn•¥*hlp Work Inspire o)ntinues to dwdop mulualty benefiri81 Party￿shIp￿ wih a w￿de farrfJe of onwi5ation$ in thè pUt￿le, voluntary and prtvate sectors, both kxalty and 8orDugh wd•. W& ￿)$￿¥9 reiqlK)n$hips wlth olhw chartty and ￿ (NA) Inspire c4)nbnues lo supp)rt Ihose stnbjglirg wrilh addi11￿ durirg tho pwthnic by provbjing spw for wular mtètings lor bolh organisa￿n$ at The Crypt whth h￿• IncroB6&J lo four groLV 58SSW)ns parw8&*. Statsm•nt on Publk Bgn•fft Th¢ obi•ctNeg 8ThJ xhwern￿t *KI s￿)n8 of thL8 report dè¥ty s•t th8 vknich the charity undert¥k¥s for th6 puNic t*ntht. The Trustees confiwrn that have compli&Y with the duty in secbon 4 of Ihe Chanties Ad 20￿ to have due ward to benefit guKlartè published by the Charity Commissbn in detemilnirvJ uThJ8rtth by the chanty. 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 ma￿1r￿ plaloms. Totsl •xWntJ￿r8 for th• s*•rw48 £417.35612021.' £379,195) Of￿1th £309.04412021.. £210.055) w88 $pgnt restrict￿1 8caith. For the year ended 31 Ma￿* 2tr22. thwe wa5 an exc858 of exp8rbdi￿r• ovèr intom8 of £31.68612022.' £89,444 surplus) of ¥thit*, £23,87512021." £55.695 defio.tl was Un￿s￿"¢bY. unrestrid￿ reservès e8rri*1 fo￿r￿ £39.5￿6 IW21', £63,781). R¢8trktwl r•wv•8 At 31 Mwch 2ff22 £53.18212W21.. £￿.993). Pdl¢y tt Lsthe stated Oicyoltho Tn￿te09 to ma￿ts￿rmanC￿l re8wves equN*t to IhwmonthsoperatirvJ exp8ndrture whi¢h •quths io t104.339 for th8 fman￿* yoar. At the eTrJ of Marth 21Y22, unr•8trthd rn8•rv•8 %wr• £39,￿8 representing four weeks ol ¢watin9 ¢08ts ba8•J ewendRure. G￿n thal Inspir• ha$ no p•rn)9n￿t 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￿ rostrict*J 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£*n￿der th• crfgonl¥gth)n m4y ￿ 8ff8et8d ty. Th• TnA1￿$ that the mwr r18ks %thl¢h th• ¢*arfty could bè •XF4)$8d h*• b￿n mithY•J thal sy8tem& bèèn •8t8bli8h8d to mIt￿sta those PO85its'liti•s. Key rfsks 8t prwenl time are.. Polky•r•• Itlq•dnq Llnk r•8w4eB polky to bU￿Th pl¥ww, aelmbas 8king8kl• finandal nd 0￿rnting rfsks Rogularty r6serveB pdlw 8nd r88p(￿se lo OT Inatmlity to n*ot ￿ twm Reputsbon* rf this nrK)t be j￿tif*d Focjjs on Increasirrfj free roseNe8 In businss t48Ming obje( Income ￿l￿ty Id•nUfy mJiN dependent fvnd•rn Impknient approprf8te reservos polty Consthr dlvorslfitslon options Maintain ovwview of grant peri¢)d #nd FOSSI￿ gxtenshjns Revitrw incthne streams, especial￿ frryn r(￿rn hire, aff&t•d by *Jv*rs• ￿70M￿ (x)ndthns 8t8ry Impact lo1￿1v￿ any major k)ss ofkn(ryne INSPIRE AT ST PETER'S uMrrED IA company Limited by Guarantee) REPORT OF ThE TRUSTEES Post pandemic recovgry Idenbfy apprLyial• irKx)ma streams Rgsurne all C4YO s￿10$ in ￿￿$8 to onable ￿ntinUed support for our most vulnera￿8 cX)n*nUn￿8s ss of In¢))me Sustai￿lIty of kry Ly)mmwiityiM5 Plans for Futur• PAovlng Inlo 2022.23 k•y to 8ddrnss mdthlo.. Fundr8lslng- contsn￿ to dN8(8ify Ihe thaity's incom& strèams to diversfy inc(*))e streams and funding sourc•8. R￿•W •xlslng b)r*Jw t¢nn th3r•tyMnts F￿￿bI• du• vAthln next fin￿al year. Resoibre Manaqemenl. maintsin tern spxe fw'lrbes tr our in hous0 8c*vities tyostyj in Tho Crypt so they are 8U61ain8blg 8rrarg8 othef venue8 lo prryide a r8rvJg of other indcor arKI oppgrtunitig8. iTrganls•llon81 D•v•10pm￿- conts"nuiThJ to do￿l0p th• ch•rWs me¢*'um tern strategy to enwre 8eryiceB remain sustalnable even in advwse arcurnSt￿S, as the Cov•J pandwnK. eo we can adapt effectively and al speed. Café Crypt- tt1ntln￿ to PLtrsu8 Opportuiwl￿S Ihat wll bnng th8 Café faolty back Inlo ath• u8• on sust8inabl8 b88is vttlch mu8t also ￿19n with Inspiro's thaiitable ityGbv￿. Tho m8Sn akn will be to a88i8t with kjcal food povety a6 part of the Wa￿1)rth NwghtQurhC￿d F(￿ Modd. Golng C+)nc•rn The finanrjal slatements have wepared on a 9cthg oywn ba81B * th? tyusteoB that m*rf81 uncert8lntles exlst. The trustees have (￿s￿lered the of fvndB held the expectgj levd ol irKxJme and 8xpsndilur• for 12 month8 frcx718ulh)rising th890 financial s1at•rr￿nts. Looklng loThMlll, the TnJ8teO5 c¥yffident that C4JnJnLK)w eff(¥ts are c￿tinu￿j lo Ihe rarye offundlrg necAssary to meet grobmng demaTrJ$ on Inspire's Core serwcM and folknv the btyjgetary controh nec868ary to gnsurg th$ th8rity rwrt8iM sustainab￿ 8ThJ 8tA• to (*)ntirn￿ as 8 (%)n￿m. 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 reseNalK*ns. 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 st￿11￿98 ourfundlng support. Many of ourfundws are 51artiTr3 to offèr support ￿th0￿ ￿Y re51rthins on us8whK* will continu8to improv• our charity's 01 unrestrthd rese￿5 to stab￿18￿ at an •quwalènt oi month8 wrabng •xp8nditurè. This posthn conbnu• to buikl a base for In*"re'8 fijlure sustainablty aThJ meet the ￿nb"n￿OU$ 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 thurnéntofthèorganisat￿n 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¥ Tn*t￿forth• pwp)8•s ofL*arlty t￿. Th Truste68 ￿ 8erved duriry Ih? b81 ￿anCIal y￿r are as lolknw.. Robert Smèath- Chalr Peter Cha(tMck- Rev. Alan Wkl- Trea6uror Lahan Biodun alr. Lorr•ln¥ Loud•r Alexandra Loythn IRo8W*l 23 Nobwthr 21rd1) Rev. Andrew m0￿ht1￿-klUrn Thaophllla Sha Nich￿8$ Wèèdon The pIcr￿dUr68 p)vemlng the ap￿)intm￿￿ rgryu￿n¥rt of Trust￿ lald dcvm Mi A￿d•S 29 - 35 ol th Artlckn of A580clalhJn. dwrlty takès Tn*t••s dr•*n from int•rn8t•J m•mb•rs ol lh8 I￿1 ¢xJmmunty and volunt••rn olth• ehArlty. Th• Tru8t8•8 arn Oirocloro ofthe th•rlty'8 •8•odat•d r￿panY 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 roSk￿lbil1ty of Chknl ExecutNo Ni￿1 Sc*)tt- S8Lgri68 of kèy m8n8g8m*tt 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 S￿l0r Youth Workef- K￿ther Tal Ythrth Workwts-Abw S¥rpel. AndrvwAyrna. Samud Danla. Segun Inspire P8rsnis". Programme Manager- Sarah Parry Infonnation & D* Cwrfinalry- Ad￿knO 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. D￿1￿ Firw. Laurfjn HwTiS Cle8nry- Marie M*hurin Inspire continues to ￿rk do3gly St P•t•rfs Church, ￿ conb"r4JiThJ to deh4*r sefVK4S frorn it8 locDtion Irorn thg Crypt of the Churth. Both in￿l￿￿n$ shar8 a c£*nnM)n g)al to s8rye the IcK81 crynmunity olW8Kwrth, which rank5 ong of th? nwi swalty ndghb￿rtK￿$ in ￿ UK. In add￿￿, Insplre Mntains 8troTrJ Ilnks wilh the Soullrth Cwneil •ThJ many ottr￿ Ir￿4 or ￿k￿al voluntwy sector groups workir*J ￿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 benetr￿lS durirg 2021-22. Th* indud88, but b not lirnfted b).. 29th May 1961 Charflable Trust Aetiva Communmies Neh￿Ik. GaM￿hang￿ 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 TA￿0￿$ 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 p￿ER.$ LIMrrED (A company Umlt•d by Guarantw) REPORT OF THE TrUSTEES Trust•• rMponsibllltl• Tho Truste•J. ar• tlrn&y8 trf Insplrn for of cb ond O¢hwlrngul8ri1188. In $0 lar 8s lh8 T￿st￿$ arn ￿r*.. th8r8 Is rL) relev8nt InfO￿ation ol the crynponl¥ bwjepetht exwnlner l¥ unv*Ar•.' and th? TnBt¢es ho￿ t&k•n ¥ll $w that thèy oughl to h￿0 takan kn m8ke themsdve6 aw8re of Bny rdev8nt fjudtt thforniatlon and to wt8blth that ts aLMlhor bB •wareofthat trrfrmatbn. On b•h•ff o1th• Bo•fd olTnwt••• Rob•rt Sm•ath Chdr 11 INSPIRE AT ST PEfER'S LIMrrED IA cornpany Umlt•d by Gu•rnnte•) INDEPENDENT EXAMINER'S REPORT TO THE MEIIBERS I reFKJrt to the chty truste8s on my examination ol th• arAxJunts ol the c4xnpany lor the year ￿ 31 March 2022 whth are set ¢)ut on pages 13 to 23. R•*pon•lblllll•s and b••l• ol w•port A¥ the chanty tsusteesofth• Lyjmpary akn rts dl￿10￿10rthe purposes of wrryary Iwwl you arg r8sponsiblg for the weparaticffi of the in •¢ty)Id•n￿ with rwLMrements ol the* Ccffipani88 Act 20C6 Ilhe 20LX HavlNJ satlsfled M￿￿1that the T￿￿Unts rf theixrnpww are requir￿1 lo bg ¥uditwl undgr Part 16 of thè 2CK Act 0rg9ligibkn l¢r indynd•nt •xtffiinabon. I rwrtin rw ofmy examinatson of your cornpany's a￿Unts a8 carried out under section 145 tsf lh¢ Chont*s Act 2011 I'lhe 2011 Adl. In e4rrying out my examination I have folkjwed th8 DIr￿li0n$ 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￿¥M1￿mI￿tt0 a mèmbwofa t*)dy l¢stad in saction 145 of the 2011 Ad. l Ly￿fim1 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 COM￿81￿j my •￿Ina￿'0n. I rAnfinn th¥t Th) mottws h•• to my att8ntb)n kn t￿na￿kIn ￿th tha èx*nlnathM. olhar Ih8n Ih8t d18e*A*l beh)w. gI￿n9 me caJ8e to bdievethat in m•t¢rio1 rwKL acwuntiThJ records ￿re Tr)t ko0 M) r•sp¥t d th• c¥)mw as I￿￿r•￿ 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 w￿ntIr9 ￿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 prepar￿1 in t**th the melhod6 P￿n￿￿¢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 •xamin*tion 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 AL*Jrt 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 T￿￿1￿8￿4e 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•nrfI￿r• 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 ACTIv￿lEs 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 Tot*1 •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 Slat￿￿ts tor th• y ended 31 Marth 2022 in accord8nce %trlth 476 of the CompanNrys Act 2Q)6. Th• ￿rectOrS ackn¢)wl•*• tr*r rnswAblllkn tr.. (al urtng that the th8ritabb cryrpany keeps xcounluig wlh SK*t￿$ 366 #nd 387 ofthe c￿panIes Act 2[￿ and (b) pwaring finonrial $latenwts whith falr vlthv of il)& stata ol affalrs of th• thorlt8bl8 Com￿nY 0$ ot the finan¢il y¢gr and of Ms $uolus or for 0g¢h fingndal ￿or In acCOrdar￿ tho requlrrnts of Seth)ns 394 arnj 395 an(1 whlch otheF%thBe crynpty wlh t quSrements of the Cryath88 A(a 2(￿ roth.￿ b) IknwKi81 stat•ments, so far aB ￿￿Icable to the ¢h•riiabltr ¢4yryty. Approv&JtythoeOardofOlr￿￿￿0n....,......... ............ .. and swj on thdr bthaif by.. Rob•rt Sm•alh Ch￿r 15 INSPIRE AT ST PETER'S IA Company Limited by Gu•rnnts•l NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 ACCOUNfNG POUCIES B¥•ls of preparn￿On Inspire at St Peterfs 1$ 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 S￿leMs￿￿. 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* fi￿n￿81 stat&rents have been prep8r&J in acu)rd8nce Aco)￿ Rem"ThJ by char￿88.. Ststem¢nt of Rel￿rnande￿ Pr￿￿e applie￿& lo charities prepanng thwr arXx￿nts in wth the Finanryal Roporb'ng Stand8rd applic￿0 in Iha UK and R4)U￿1¢ 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 J￿uary 2015 amended ty UFoJat8 8ullgtin 1 a 2. The fina￿181 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 I￿￿0￿81 vjnency of Ihe th•rity. Th¢ $1gnrfKont acxounllng pdld88 tho ofthw fift￿tIal stat￿ents are 8etoul boknv. Th￿¥ polld•s bwn Car￿8t￿ty applknd lo al unl8ss othrw8e 8￿t￿l. In¢om• All incom• 18 Included in tho St￿•m•￿ ol FIn•￿￿ Ae1fvIt￿ ISCfAI th the bjally •￿Yod to th* In￿m0 alt•r any perfornanc* conditk>ns h•v• nwL thè ran b8 rneasur￿ rdieJ)ly and il 1$ probable that inLx*ma will b8 rewved. r￿)na￿on8 and grf16 we Indudtyj in full In th• SOFA The chartty r•c•lves grants In resfft of its In￿ffle Irorn gwts are re9)3n￿l￿ #tfalrvalue vtt*8n Ihe tharity has éntldomenl after any perfo￿anCe ¢c￿drt￿n5 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 actI￿ab to ral8e fvnd8 for d maMb￿hIp sub8CriPtknns. In￿m? is wel¥￿1 in gxchgNJg for supptylng swvlco5 In tsrdsr to raiie funds aThJ Is r8u)gnis*1 when ent611ement h8B GovwnMe￿I grants are wiwj at the f•r y￿u• 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 v*hgn Ihe perfomanc* ctJndit¥)ns are mel. Where a grant éoes nol speafy perfomiance COn￿rt￿$ it L8 recognwj in income the pr0eA￿S are recelved or r8c*vable. A grant rew¥￿1 t)efore the T8￿￿nIt￿NI uit*ia ar• 88tsf*d Is rncwrised 86 a liats'lity. InVestr￿n1 inoJm• * Induded when I￿4¥￿10. Exp•ndlturn All oxpenditure ￿ accounted foron an 8t>￿* basi8 has been dasslknj under h￿ing8 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 sel118rn￿1 wfill ba wul￿d and the aftJ)unl of the obluatkln be li k8 ￿te￿0d undwthe fc4lryAirg h8adMig8.' Costs ol ra￿on9 fundB we (¥s1s irtyrr*1 in attra￿￿j btluntary Incomo. Charitabl• •xw)ditur• comprises ttK)secosts bytha d￿rity *) the delivery of its acliviJes end Serv￿88 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 exp￿di¢￿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, admInk￿attve p￿roll rnsts. They are In¢wrr￿I diFEdty in suppryt of exwnditurè on the objeds ol the tharity and ￿dUde proied m￿agemen1 carned out at Htradquarters. Where support cx)$L8 b8 dir• attnbuted to pariKuLqr heath'ThJ5 they have been alk)cated to cost of rnlslng fund8 aTrJ eyw¥lhuro w (aWtsb￿ ac*i¥ltA8 ￿ 8 b8BiB w&ith to• ol th• rnBourcth. Fun¢148isin9 ccsts arg those incUff￿1 in se*'rrfJ vokw*ary ￿nkn*￿ti￿ and tr) not indud¢ tho uJ$ts of iS8eminating inlormatK>n in gjpport cl the thwit*Ae Fund• K¢ountlnq unrtsty￿ go￿ra1 fund8 w• fwK18 wthkh c•) b• In tho charlt•bkn rt¥octs at th• d￿￿ellon 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 dep￿th. As8•ts oMts'ng1088 Ihon £1,WO we vrtltt8n off In tho pwlod of xqui8llKXt. All other w•ts arn L*tsls•J. D•pr8Llatk)n ￿ provld&J ot rJteB ¢doJl¥tsd to wrft• crf the ¢x*t 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% stra*ht 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) Stat￿1 intèrèst rate and wwabl8or pay¥bf*within ¢)n• y•¥ arn rnCOrd￿ •t n$8ctlon prfc•. Arry all￿1v4 frtym Im￿m￿l arn W>gnlBr*J In wp•ndltur•. Corp(nll<)n T•x The charty Is an ex￿p1¢h•r1ty￿thknts 018¢4￿￿* 3oftho Charit*8Ad 2011 and b 0)n￿d￿*d 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 CO￿￿t￿ tax pufjxw. Golng Conc•m Although Inspire's fun(*ng OPFQrturiti85 $161 th8lkngir¥J lo irnth #nd s•￿Tr after the pandemi¢, t Truste￿ ar• are COnfid￿t thal efforf¥ are still b￿9 made to at¢YaL* Ihe supp(Mt r￿Cessary to maintaln the ¢onatant ¢Y•mand$ on InSW￿,$ m•n ￿MmUnty GC￿ housekeeping and 5trDng budgetsry ¢ontr¢th rwnain a prknrlty to ￿mur• th• chanty'• $￿taIn￿.1￿ to ca￿￿"nUe a• a wng (¥?Tr￿m. Th• taihwndg of Covid p•rbJwnic arn sbll ha￿ThJ S(￿ irnpa¢t ￿ th? tharity'8 incom•, especially roorn hire res8ryatk￿s vAkh Tern￿ str4 to up. alttwh our hire rate8 hava incr•ased lo reflect our own incr*nental cx)st base. We are 3tsrbng to a numbw of Pr￿k￿j5 supporters in addrtlc to foundatw. vlll knkycwe Ihe ￿￿OrrtY oflundirKJ Str￿15 into the futuro rw that emergei fundlro ry>pJrtuniti•s pr•vKJu* mllablo durfThJ ts pandèm￿ h88 now Lwwj. For the 2￿21-22 flnandal year, ￿ were support￿ by 23 drfferent funders grealy [￿)J¢e$ our d8wdenc* on any signifi¢￿t Ino)rne swrc85. M8ny of our mw fvnOr*J 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 pre￿l financial year whth hdped to prov*J8 a ge￿d foundatK)n for 2021-22 8$ out ofthe pandemk, For this finanaal year's le￿rt. those reserves have to £39.￿6. but mary fvnders recoynise the mrxjrtancè of d84estrtth"ThJ tsir grants vthich assist our th•'s fiex*ihty. 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$8ive rary of ffina[D￿ sup￿1 avalabkg, Ihg Trttstees c￿nsid￿ the Chty to be a corwn have prepar•J the wjunts w Ihat bw. Oporating l•a¥•* Rentab payable underopw*r918ws ar8d￿￿ toth8 s1atwn￿0fFln￿cial AdMtieB &8 incurred ovèr the tenn ofthglgaw. Judg•m•nts and k•y WJfC•• ofMtlm•tlon u1K•rt￿nfy A(xounting eS￿'mateS aThJ judg8rn8nts Livltinually waluatsd and 8r• basèd on hIs￿1t4 èxparièneA 8nt1 olher f8ctor¥, indudiThJ firture 8vents that are believed to b8 rea8onable under th The lollowiThJ iudgements lapartfrom involvirYJ •slimat•sl hav• ba￿ madè in th8 proe•ts of applylng the at￿ve a￿)un￿'ThJ wlicy¥¥ Ihal the mo* ￿n￿onI gffga ¢)n a￿Unts rwni$wJ In t fin8*x￿ Stat￿nIs." Usglul gconomlc INes olt8ngth assèts The annual depreci¥bw Char￿ Iwtangibl¢ $4r*lllv• to ¢hang•s In th• ¥stimatsd usoful w)Th)mlc Ilves and msmdual v4u66 of the &sBets. The ￿elu1 econom￿ INeB and le8￿Ual values are re-a68esB&J 8nnu8lly. Th•y nwAs8ary to r•fi8ct oJrMt 8slmats8, basad t•chnobg￿l adV￿CeMen1, future inVestrn￿ts, gcvromK utilisalh)n thg thy$1￿1 cvndilion of Ihg 9¥59ts. Seg notg 9 for the ￿ryin9 arwJunt ol the fixiures. fittirv45 and wu1pm￿t. 8nd nole f lor the ￿eful Kor￿mI¢ Ilves ffyr each class of assets. There arè no key a8iumplions ¢)JnwnirKJ thè lulur• And olhar kgy aourc88 of 88tim8Oon urt8rt8inty Ot thè r•porting datè that ha￿ a ￿gnifiCant 01￿*¥j a matérid 8dlustm8ni to thè e4rylNJ *Th)untsofas8èts ?nd liabil￿e6 wilhin thg next finanual yw. 18 INSPIRE AT ST PETER'S UMITED (A company Umlted by Guarante•) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 GRANTS RECEIVABLE 2021 2V May 1961 Chwftoblg Trust 5.OfKJ 2.7 Amold Communty Fund BBC Chlldrn) In BKJ FiBh &'g Pond Prrsramm¢ Charit￿ FoundatKJn Chart•rhou88 In s￿wark Clothw)rk•rn Fo￿1￿10n Depart￿nI for OiGilal, Cutture, 8nd SpK)rt Department lor Work and pe￿bor0 Garf￿d Weston Foundation onry Smith Ch8rity Jack Petcw Foundthn Juli8 8 Hans R8USiW¥J L&a Plac8makerB LCF Elwant & Casuè c￿MmUrdty Fund Leathersellers Cornpany LPoydB Bank Foundolon Lonthffi Communlty Resporw Fund Lond￿ Youth Merthanl Taylorf$ Cunpany N8lkJn* Lottery Covid F4￿d NelghbtyJrB Fund PToIKt Nolts'rrfJ Hill Genesls smalh￿ Trust Social InnovotK)n P•rtrrtrnhip Souler charital￿e TnHI Southwark Courril St Gwrg• Th• Matyr Cha￿ty Thè Sedal I￿￿81￿)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 c￿ts 2022 ch￿￿tIo aclvth: 21nS￿re YcNthh Group InSplr• Communty centres Inspirg Par￿tr 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 pwIl￿r alhxalod direL*y. othws apporbongd on an app￿P￿at8 basis. ￿'ng. lime spenL SUPPORT COST3 2022 2021 R•nt, r8t•8. ￿U￿rte￿ and u11it688 PrintiThJ, Fo$lage, Stat￿gry ond teloplw• Property maintgnancg 4nd d¢8ning Bookkee￿Trg, accountancy and payrdl admin IT rn8intenarKe and consumables Staff training and T￿L￿m￿l 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 provts*ffj 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 {eXp￿thI￿re) IB stated ￿81 thw9irg: IndeFendent ExamI￿1S 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 $8¢uity Penslons 232.341 15.197 4,291 228.150 15,187 4.163 251.829 247,51)0 The aveTrye monthty number of durfNJ th• y•8r was: 18 15 No rnern￿r of staff esmed mor& Ihgn £80,CW during th8 ye•r {2W21.' Mnel. The key managttment rsc¥)nol c¥JMprLs6 of those 11st￿l (Yt page 1. The k)lal remLww8tion {IrKlu¢Jlng 8mployer8 n8bon81 In8vrnn¢• and o)ntrftrAthM) pald to k•y I￿￿￿j￿1 p•r•onnol £133,￿5(2021'. £133,677). TANGIBLE FIXED ASSETS Flxtur••, ffltlng• •nd •qulprn•nt COST At 1 Apdl 2021 Addllbns In Ih? y 210,711 At 31 2022 210,711 DEPRECIAnON Al 1 Aprfl 2021 Charg• knrth• y•ar 19),9)9 6.034 At 31 Mwth 21722 196,943 NEf BOOK VALUE At 31 M•r¢h 2022 13.768 At 31 March 2ff21 19,802 10, DEBTORS 2022 2021 Room hire 3,138 12.140 11.494 S20 6.248 3.829 Prep8yThenls a￿1 other deblrys 26.772 12,597 21 INSPIRE AT ST PETER'S UMITED IA Company Limited by Guarnnt••} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 11. CREDITORS 2022 2021 A￿r￿alS and deferred income Othw taxès and s•cJJitty Other cr￿litOrS 46.140 5,037 21,824 5.041 318 51,177 27,183 12. RESTRICTED FUNDS B•lw*• •t In¢¢m• EXp•nd1￿fv Tr•nsf•rn 8￿•￿¢• It 1A.2021 31.3.2022 Currnnt y••r 21nSplrn Youth CIthA Inspiré BuikllNJ Parenting Inspire lo Work Adult Prc￿ramrn Staff pjst fvndlNJ 19.841 150. (157,488) 19.3031 195.2451 141.8181 I4.0￿)) I1.1￿) 13,133 29,774 11.378 1LKI.L 34.529 5.520 1.19) X11.233 130B.0441 53.182 8•l•The• rt Incom• EXp•nd1￿1• Tr•n•l•r• B•lanc• at 1A.2020 31.3.2021 Prlvr y•ar 21nSplr• Youth Club8 Inspi￿ and 21nSkNre Estate Based Wiyk Pambng Inspir￿$ lo Wo Ad￿l 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) cf*al• chanty's qxiab.ng k)CallOr￿ and farillt Estste Based Work- P￿￿dIng &1fv11Ses kn youryJ pw)ple in N¢)rth Soulhwa P8r8nting- 5UPPKJrtM)g vuln*r8t40 par8nts and I￿1 famil* in Southwrark Inspire to Work- Suprnrbrs young F•We ￿ 1&25 into ￿nP￿YrnonI * W*￿[k4￿8 OPkM)rtunibes Adult Programme- ProvKth"ThJ 8 rnnge of activi11￿ and to older resi(knts livirvj in Wolwryth induding Ihose ￿th rn￿tal 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 BE￿EN 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• FIX￿1 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 a￿1 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.