## **Inspire Community Trust** ## **Report of the Board of Trustees for the period from 1 April 2020 to 31 March 2021** ## **Chair’s Introduction** This year has been an unprecedent year because of the Covid 19 Pandemic and I must thank our staff for all their hard work and dedication. Even with the National lockdown and restrictions our staff continued to deliver services to the service users for promoting their independence and to manage safely in their environment. Despite the issues created by Covid we continued to forge ahead with our plans to invest in our new premises development at Maidstone Road Sidcup site acquired in December 2020. During the challenging environment, Inspire managed within its resources and continued to support its subsidiary – Blossoms residential home for premises improvement in accordance with the action plan submitted to CQC to improve its quality rating. In addition, appropriate steps were taken to develop Covid safe environment conducive for infection prevention and control. For this we received some support from the Government via the local authority. I would like to express our gratitude this. We continued to support our staff through appropriate advice and mandatory training for infection prevention and control to ensure their safety as well as the safe delivery of services to our service users. I would like to thank our senior managers for steering the organisation through these difficult times and the front-line managers who, despite these unprecedented times, provided leadership and support to their teams on dayto-day basis to ensure efficient and effective delivery of services. Regrettably, this completion of our Company financial statement for 2020-21 accounting period has been delayed due to unavoidable circumstances. Finally, I would like to thank the Trustees for their time, their hard work and for their support to me and Inspire Community Trust. Ranjit Bhamra Chair Inspire Community Trust 2 ## **Inspire Community Trust** ## **Report of the Board of Trustees for the period from 1 April 2020 to 31 March 2021** ## **1. Reference & Administration Details** Inspire Community Trust was formed in and incorporated by guarantee on 24 November 2004. It has no share capital and is a registered charity. The guarantee of each trustee is limited to £1. The governing document is the Memorandum and Articles of Association of the company and members of the Board of Trustees are the Directors of the company. ## **2. Governance, Structure & Management** ## **2.1 Governance** The Board presents the report and financial statements of Inspire for the year ended 31 March 2021. The accounts (financial statements) have been prepared in accordance with the Charities SORP (FRS102) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland; the Charities Act 2011 and UK Generally Accepted Practice. The report and statements also comply with the Companies Act 2006 as Inspire is a Company limited by guarantee. The Trustees’ Report is also a Directors’ Report for the purposes of Company Law. The Strategic Report is included at item 5 within this report. Inspire has no share capital and is a registered charity. The guarantee of each member is limited to £1. The governing document is the Articles of Association of the company and members of the Board of Trustees are the members and non-executive Directors of the Company. The Board of Trustees continues to be supported by a number of Committees, which include Trustees with relevant skills. They include the following: - Development - Finance and (HR) Sub-committee Each Sub-committee is required to have its own clear terms of reference agreed by the Board. The Sub-committees meet on a regular basis and their reports are standing agenda items on the full Board meetings. The Chief Executive’s report is also a standing item on the Board’s agenda. ## **2.1.1 Statement of Trustees’ responsibilities** The Trustees are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and regulations. 3 ## **Inspire Community Trust** ## **Report of the Board of Trustees for the period from 1 April 2020 to 31 March 2021** Company law requires the Trustees to prepare financial statements for each financial year 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 its net incoming or outgoing resources for that period. In preparing these financial statements, the Trustees are required to: - select suitable accounting policies and then apply them consistently; - make judgments and estimates that are reasonable and prudent; - state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue to operate. The Trustees are responsible for keeping proper 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. The Trustees give strategic direction to the Trust and ensure that: - the management team runs the Trust professionally and in accordance with its rules and objectives - it meets its statutory, financial and legal responsibilities. ## **2.1.2 Disclosure of Information to Auditors** Insofar as each of the Trustees of the company at the date of approval of this report is aware, there is no relevant audit information (information needed by the company’s auditor in connection with preparing the audit report) of which the company’s auditor is unaware. Each Trustee has taken all of the steps that he/she should have taken as a Trustee in order to make himself/herself aware of any relevant audit information and to establish that the company’s auditor is aware of that information. 4 ## **Inspire Community Trust** ## **Report of the Board of Trustees for the period from 1 April 2020 to 31 March 2021** ## **2.2 Structure** Inspire is a company limited by shares with Inspire being the only shareholder. Inspire’s Articles of Association provide for a minimum of 3 and a maximum of 15 Trustees. Trustees are appointed for a fixed term of three years, with each new appointment to be reviewed after the first year. The Board continually keeps under review its membership and the breadth of skills and expertise to ensure proper governance. When required, it seeks to appoint new Trustees. Prior to appointment, potential Trustees will meet with the Chairman and Chief Executive and Trustees. When new Trustees are appointed, each Trustee is provided with information, including the organisation’s principal policies and procedures and Charity Commission Guidance. New Trustees meet with the Chairman and the Chief Executive and are invited to visit the offices and services. During the year the Board of Trustees met on 4 occasions via Zoom meetings due to the Covid 19 Pandemic restrictions. Unfortunately, the Sub-committees were unable to meet during this period. However, agenda issues related to the Sub-committees were discussed at the Board meetings. Day-to-day responsibility for the management of the organisation’s business is delegated to the Chief Executive as detailed in Standing Orders. The Chief Executive is the principal adviser to the Board of Trustees and reports to them on the organisation’s performance against the Strategic and Operational plans approved by the Board each year. ## **2.3 Management & Staffing** The Trust’s structure has been designed to provide clear direction to the Trust, with the Chief Executive working closely with the non-executive Board of Directors to set the strategic framework for the Trust and to ensure the Executive Team runs the Trust professionally and in accordance with its rules, objectives and standing orders. The Chief Executive has responsibility for developing and delivering services in accordance with the service specifications of the Commissioning Authorities such as the Local Authorities and the NHS Clinical Commissioning Groups (NHS CCG’s), and the strategies agreed by the Board of Trustees. He ensures that the staff teams are recruited and supported to provide the skills and expertise needed to run a successful organisation and that the values of the Trust are observed, and services are delivered efficiently and effectively in accordance with the contracts with the commissioners of services/funders. 5 ## **Inspire Community Trust** ## **Report of the Board of Trustees for the period from 1 April 2020 to 31 March 2021** During this financial period the Chief Executive was supported by a team including a Director of Operations, Commercial and Development Director, Head of Finance and Operational Managers for each of the service area. The two director level positions also have the responsibility of assisting the Chief Executive with strategic developments and undertaking delegated management responsibilities in the absence of the Chief Executive, as required. During the period of this report the Trust employed approximately 100 staff and had revised its management structure for the effective operational management of the Trust. The Trust engages agency and freelance staff in order to meet its staffing requirement, as appropriate. The Chief Executive also has the delegated responsibility for commissioning and managing appropriate Human Resources (HR) and Information and Communication Technology (ICT) support required by the Trust. 6 ## **Inspire Community Trust** ## **Report of the Board of Trustees for the period from 1 April 2020 to 31 March 2021** ## **2.4 Staff Training and Development** One of the core values of the Trust is investing in staff to develop their skills and potential. Hence, the Trust provides appropriate training and development opportunities in order to ensure that they are fully equipped to perform their duties. Staff training needs are systematically identified by the line managers in discussion with each member of staff as part of their performance appraisal and development review each year. This leads to preparing a training plan and commissioning appropriate training for individual members of staff or as a group, where appropriate. The training plan is implemented in partnership with the key commissioners. Inspire staff also access training co-ordinated by the local voluntary Service Council - Bexley Voluntary Service Council. In addition, face to face training days for mandatory training requirement such as moving and handling, safeguarding vulnerable adults are held at Inspire during the year for all staff to enable them to function safely and effectively. As part of our contracts for the delivery of services on behalf of local authorities and the NHS Clinical Commissioning Groups we are required to demonstrate to them that Inspire has robust health and safety management systems and processes in place. To this end we have arrangements in place for the professional support for developing, implementing and monitoring systems and procedural manuals to comply with legislation and our ISO accreditation. Currently we commission the professional support from Citation and a specialist consulting company, Wiser Safety Management Ltd., to: - review our health and safety management systems; - provide out-sourced Human Resources support for the trust - provide support to managers for: - health and safety (H&S) related matters; - Quality Management; - Environmental Management; and - assist the Chief Executive with the annual review CHAS accreditation, ISO 9001 and ISO 14001 accreditations with the QMS ## **2.5 Disabled Persons** Inspire is committed to equality of employment and its policies reflect a that. Where appropriate and possible we seek to employ people with disabilities and make positive adjustments to ensure people with disabilities can carry out their duties. 7 ## **Inspire Community Trust** ## **Report of the Board of Trustees for the period from 1 April 2020 to 31 March 2021** ## **2.6 Volunteers** Inspire and its service users are fortunate to benefit from volunteers who support our services. Unfortunately, due to the Covid 19 Pandemic our volunteers were unable undertake their volunteering activities and raise any funds during this financial year. ## **2.7 Statement of Public Benefit** Under the Charities Act 2011, charities are required to demonstrate that their aims are for the public benefit. The two key principles which must be met in this context are, firstly, that there must be an identifiable benefit or benefits; and, secondly, that the benefit must be to the public, or a section of the public. Charity Trustees must ensure that they carry out their charity’s aims for the public benefit, must have regard to the Charity Commission’s guidance and must report on public benefit in their Annual Report. Inspire’s Board of Trustees regularly monitor and review the success of the organisation in meeting its mission, values and objectives which are supported by the business plan. Inspire’s mission is to work in partnership with communities to enable, empower and enhance the lives of older people and people with disabilities. It aims to: - Promote independence for older people and people with disabilities; - • Encourage them to take control of their lives; and - Support them, when required, to meet their individual needs. It achieves its aims by: - Providing a wide range of services of the highest standard by working in partnership with people who have disabilities, local communities and organisations; - Being flexible and providing choices; - Recognising the importance of cultural diversity; - Raising awareness and promoting social inclusion; - Investing in staff to develop their skills and potential - Developing innovative projects and services. The Trustees confirm, in the light of the guidance, that Inspire’s mission and values fully meet the public benefit test and that all the activities of the charity, detailed under section 4 of this report, are undertaken in pursuit of its mission. 8 ## **Inspire Community Trust** ## **Report of the Board of Trustees for the period from 1 April 2020 to 31 March 2021** ## **3. Objectives** The objectives for which the Company is established are the relief of persons permanently or temporarily resident, or for the time being resident in England, “who are of necessitous circumstances, suffer from, are recovering or convalescing from some physical or mental illness or disability, or are elderly people, or are younger people, adolescents or children”. Our Strategic Objectives are to: - be the provider of choice - be a great company to work for - improve our financial strength ## **4. Activities** Inspire has continued to develop and provide a range of services in accordance with the service specification and action plan agreed with the commissioners/funders of services. They include: - Advocacy and Support with Communication - Assessment of Daily Living Skills, Training, Rehabilitation - Moving & Handling assessments - Day Activity and Skill and Support Service - Short Breaks and ”Have a Go” Accommodation - Direct Payments Support and Brokerage Service - Employment & Training Support - Integrated Community Equipment Service (ICES) - Pressure Relieving Equipment - Equipment Demonstration, “Try & Buy” – Living Solutions - Housing Occupational Therapy - Information and Advice - Transport Advice and Information (Blue Badge, Freedom Pass, - Taxicard - Physical Disability Registration - Raising Awareness and Changing Attitudes - Disability Training - Sensory Support for People with Hearing and Sight Difficulties - Wheelchair Service - Support for Young People, Disabled Parents and Carers - Support with Access to Mainstream Services such as Leisure, Sport, Education etc. - Residential Care for older people with dementia 9 ## **Inspire Community Trust** ## **Report of the Board of Trustees for the period from 1 April 2020 to 31 March 2021** ## **Facts and Figures** |Service Referrals|Target|Outturn|Comments| |---|---|---|---| |Moving & Handling
assessments|578|330|43% below target due
to
reduced
activity
during the Pandemic
lockdown/restrictions| |Day Activity and Skill and
Support Service
Attendances
(Per annum)|5,000|1400|72% below the target
due
to
Covid
19
lockdown/restrictions| |Direct Payments Support
and Brokerage Service|180|192|6.7% above the target| |Integrated Community
Equipment Service (ICES)
(Per annum)|31,500|32,291|2.5% above the target
due to higher demand| |Housing Occupational
Therapy
(Per annum)|400|253|36.8% below the target
due to fewer referrals
during the Covid 19
lockdown/restrictions| |Freedom Passes
(Per annum)|288|362|25.7%
above
the
target due to higher
demand arising from
periodic re-issue of
passes| |Blue Badges
(Per annum)|3360|3233|3.8% below the target
due
to
fewer
applications| |Sensory Support for
People with Hearing and
Sight Difficulties|600|349|41.8% below the target
due to fewer referrals
during the Covid 19
lockdown/restrictions| |Wheelchair Service
(Per annum)|865|633|26.8% below the target
due to fewer referrals
during the Covid 19
lockdown/restrictions
higher demand| |Residential Care for Older
People with Dementia|22 Bed|Around
70%
occupancy rate|Low
level
of
occupancy
due
to
Covid 19 Pandemic| 10 ## **Inspire Community Trust** ## **Report of the Board of Trustees for the period from 1 April 2020 to 31 March 2021** ## **5. Strategic Report** ## **5.1 Achievements and Performance against Objectives set** Inspire has continued to follow the action plan, incorporating developments, as agreed with the Commissioning bodies and in accordance with its business plan. The action plan has been monitored and kept under review through regular meetings with Inspire staff and the Commissioning bodies and the Board of Trustees. Our key achievements this year have included: - Delivered services in accordance with commissioners’ specifications, However, due to the National lockdown and restrictions due to the Covid Pandemic Inspire was below target in most key areas. - reviewed policies and procedures with the view to maximising efficiencies and effectiveness of services. - The continued efficient running of the organisation in order to reduce costs and enhance competitiveness of Inspire. This has enabled us to reduce our running costs compared with the previous year’s level. - Developed/enhanced partnership working with the local voluntary sector to be able to patriciate in developments as the needs and opportunities arise to support the local communities with the health and social care needs. This led to becoming a key partner in the OneBexley Consortium of eight voluntary organisations for working on a pilot project to deliver additional community-based services such as Care Act Assessments, less complex equipment assessments and case reviews etc. - Progressed the plans for developing the Trust owned property acquired in December 2019 at Maidstone Road Sidcup for the integration of all community services on one site. - Successful integration of the new services into the Trust following the acquisition Apex medical Ltd. in February 2020 and transfer of the Greenwich Wheelchair Service from the Oxleas NHS Trust in December 2019; - Established new systems and process for efficient and effective management of Blossoms Care Home Ltd. As part of Group of Companies under the Trust. - Continued safe delivery of services since the start of the Covid 19 Pandemic, periodic complete and partial lockdown restrictions. ## **5.2 Monitoring Service Delivery and Quality Assurance** Inspire Community Trust has robust service monitoring in terms of service volumes and targets as well as quality monitoring systems in place. The data gathered regarding service volumes is produced on a monthly basis in 11 ## **Inspire Community Trust** ## **Report of the Board of Trustees for the period from 1 April 2020 to 31 March 2021** preparation for quarterly contract monitoring meetings with the commissioner/funders of services. This data is also reported at Board meetings. The Trust has ISO 9001 accreditation with Quality Management Systems (QMS) and has robust quality assurance systems in place, which include: - spot checks - customer satisfaction surveys - monitoring visits and meetings by/with commissioners / funders of services - individual client reviews undertaken by Inspire Community Trust staff - complaints procedure ensuring a fast and effective means of following up and resolving any difficulties experienced by service users. - feedback from service users and other stakeholders at regular forums. - Audit and review of services ## **5.3 Financial Review** The financial statements for 2020/21 have been updated in line with FRS102 and the comparatives for 2019/20 have been restated where required. The information below shows an analysis of net income. The financial statements for 2020/21 show a surplus of £293,675 - Net Incoming resources were £5,767,383 (70.7%) higher than the previous year (2019/20) which was £3,378,624. - The net surplus this financial accounting period was £293,675 compared with £46,877 surplus for 2019/20 and increase of £246,798. Inspire Community Trust’s trading arm set up in March 2018, Inspire Medicare, achieved a net surplus of £35,132 which will be gift aided to the Trust. . The increase in surplus was mainly due to: - ➢ The efficient running of the organisation; - ➢ The acquisition of the local operation of Apex medical Ltd. as the Medicare Service at Inspire from February 2020; and - ➢ New business (Greenwich Wheelchair Service) in December 2019. - Inspire’s total Group asset value at the end of 2020/21 was £8,109,815 with an increase of 3.5% on the 2019/20 balance of 7,830,140. ## **5.4 Risk Assessment** 12 ## **Inspire Community Trust** ## **Report of the Board of Trustees for the period from 1 April 2020 to 31 March 2021** The Board of Trustees has considered the risks to which the charity is exposed to in terms of the business, operational and financial risks. Risk factors to the charity continue to include: - Changes in the Government regulations and local authorities’ cost reduction programme for social care services. Greater emphasis by local authorities for funding social care through direct payments and less emphasis on and a move away from block service contracts with the independent providers. - Dependency on major income source/s limited to just one local authority and NHS CCG. The ending of contract term for the exiting service contract with the London Borough of Bexley and the Greenwich NHS CCG in August 2021. - Changes in adult social care arising from local Councils agenda. - Local authorities’ focus on procuring services under “Framework – spot Purchasing Contracts” as opposed to Block contracts. - The lifespan of Inspire’s Block contracts with end dates in August 2021. - Working capital required for meeting the gaps in funding and being able to make payments to outstanding creditors in the event of any major delay in the income from the commissioners of Inspire’s services. - Redundancy and other related staff costs arising from: - any significant reduction in existing income - ending of grant funding for particular projects/service agreements - Increases in the staff and other running costs which may rise progressively due to the agreements with staff transferred from Bexley Council to the Trust and an NHS organisation under Transfer of Undertaking and Protection of Employment (TUPE) regulations. - Breakdown of the Information and Communication Technology (ICT) systems. - Issues arising from an event/s of a major incident or emergency. - Increase in the building and property costs for rent as well as for planned refurbishment and improvements. - Impact of financial constraints on local authorities. - Risks posed by the Covid 19 for operating services. The CEO along with the management team has continued to review and introduce procedures and reporting regimes to manage and mitigate identified risks. Having considered the issues faced by the Trust, the CEO has been focusing on assessing and identifying steps to be taken to manage the above risks. This has helped to formulate a risk management strategy and a reserves policy. Inspire intends to work positively with the relevant stakeholders in connection with the above issues and develop appropriate services in partnership with the commissioners and service users. 13 ## **Inspire Community Trust** ## **Report of the Board of Trustees for the period from 1 April 2020 to 31 March 2021** The charity’s financial strategy is to: - Provide services as efficiently and effectively as possible and reduce costs through efficiencies. - To spread the risk with regards to funding by developing new independent services over the coming years and to instigate a diversification plan in order to maintain Inspire’s financial viability, and to enable the charity to continue to deliver an excellent standard of services that represents good value for money. - Be proactive in developing a range of new and innovative services to take on the opportunities for the “Third Sector” arising from the changes in the Government regulations with regards to social care services. - To take necessary steps to minimise the possibility of health and safety related claims by ensuring that: - staff are appropriately trained to deal with health and safety related matters in accordance with Inspire’s policies and procedures - appropriate investment is made for assessing health and safety related risks - areas of improvements recommended by health and safety specialist audits are acted upon - uninsurable health and safety losses are provided for in the business planning process. - To continually review the charity’s risk and reserves policy and to ensure adequate reserves are held to meet unfunded costs and/or any likely funding gaps. Work continues to review and introduce procedures and reporting regimes to manage and reduce identified risks. ## **5.5 Funding Policy - Plans for 2021/2022 and Beyond - Future Developments & New Services** Since its establishment in 2004, Inspire’s main source of income has been from the contracts with the Local Authorities and the NHS Commissioning Bodies. In addition, the Trust also generates income from spot purchases by the Commissioning Bodies and private customers using their Direct Payment Funding by the local authorities and their private funds. The Trust will also continue to seek to widen its customer base and services by: - contracting with other health and social care organisations to provide physical and sensory impairment services 14 ## **Inspire Community Trust** ## **Report of the Board of Trustees for the period from 1 April 2020 to 31 March 2021** - contracting with other organisations to provide services to people who are disadvantaged due to disability, deprivation and social isolation - developing and providing a range of services directly to the wider community. - Inspire will continue to adhere to this strategy and continue to expand its area of operation in terms of the range of services provided as well as the number of commissioning bodies it can develop partnerships with. These may include further expansion of: - information and advice service - equipment sales service and the personal assistance and care agency in the coming years in order to deliver services to people with individual budgets/direct payments from the local authorities as well the individuals who wish to purchase services with their own resources – “Self-Funders” - • enhancing its business/sale of the disability equipment showroom/shop by online sales. We will continue to: - Promote social inclusion, raising awareness, changing attitudes - Work with stakeholders to enable people to access mainstream services - • Work with stakeholders to improve accessibility to buildings and transport - Promote outreach services closer to where people live - Develop services for disabled children and young people - Offer support to younger people and parents with physical and sensory impairment ## **5.6 Reserves Policy** The Trustees have examined Inspire Community Trust’s requirements for reserves in the light of the predominant risks to the organisation. It is the Trustees’ view that the building maintenance and development reserve will enable Inspire to maintain its existing capital assets and use it to modernise premises and develop future services in order to achieve the Trust’s mission and meet the challenges arising from the National and local policy developments/changes in the field of Adult Social Care. These challenges are in relation to de-commissioning of block service contracts by local authorities and promotion of direct payments, personalised budgets and individual budgets. The Board have agreed to: - build and maintain general reserves at a level that equates to at least six months’ worth of running costs and adequate redundancy costs. This is 15 ## **Inspire Community Trust** ## **Report of the Board of Trustees for the period from 1 April 2020 to 31 March 2021** likely to be around £2.7 Million based on the expenditure, which stands at around £5.4 Million for 2020-2021; - set aside appropriate sums for creditors within the general fund. - designate £100,000 for dilapidations, as recommended by Inspire’s auditors. - build sufficient reserves for further freehold premises development and improvements to the existing premises. - meet unfunded costs from the Service Development Fund to meet future demands for improved services. ## **5.7 Investment Policy** The Trust requires adequate sums in its current account for running costs. One of the Trust’s key strategies for investment has been to invest in property/ies to run its services as opposed to renting or leasing property. The Trustees’ strategy is to hold the remaining funds in an interest-bearing instant access account as they become surplus to the working capital requirement. This action has led in the past to a substantial increase in interest income, but due to interest rates continuing to be at an all-time low action was taken to try and improve interest on these reserves by investing in fixed term deposits. The level in 2020-2021 was £2033 compared to £19612 in the previous financial year. This was also against a backcloth of increased spending/investment in premises, notably the new Maidstone Road and Sidcup premises which reduced liquid capital reserves. The Board will also continue to regularly review its investment policy in order to maximise the investment income. ## **BY ORDER OF THE BOARD OF TRUSTEES** Vinod Kumar Khanna Chief Executive and Company Secretary 16 INSPIRE COMMUNITY TRUST CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME In¢ludln the Incom• and Ex ndlturo Account FOR THE YEAR ENDED 31ST MARCH 2021 Prioryaar Unrnstrkt•d DMlgn•t•d Rutrfet•d TO￿ Fund¥ Total Fund¥ Funds Funds Fund• 2021 2020 Incom• and endowments from: In0r￿n9 ro¥ource5 from 98n8ratsd Charitable activitiès Investments 5.659.768 5,659.768 3,342,615 2,033 19,812 Oth8r Incorning R•sOur￿l 105,SB2 105,582 16,397 Total 4787.383 5.767.313 3 378.624 Exp•ndllur• on: cha￿tabl6 Acbvlil•• S,438.194 459 5,438,653 3,251,824 Olhar. O¢v•monc• rml 35,055 87,842 Total S,473.249 4S• 5.473.708 3,339,486 N•t IneomlnWIExp•ndJtuv•l Corporntlon tsx 294.134 293.87S 39,156 15 6,981 1 32,177 294.134 4591 293,675 Tr•n•l•rn bgh¥••n lund• Ntrt mov•ment In fund¥ 294.134 4591 293,675 32.177 R*¢on¢lll•tlon of lund•'. Total lund• brouyhl fonv•rd io 7.162.421 597,165 7.816,140 7,783,963 Tolal Fund• carrO•d fornfard at 31 M•r¢h 2021 7,456.S55 596.706 56,554 109.015 7.816.140 Adopted by lh8 Boald ofTrustats ￿.. 2022 l arTX)unls relate to conbnuSw 8th￿08. The notes on page8 22 to 28 fom) partof the slaterM￿. 17 INSPIRE COMMUNITY TRUST COMPANY LIMITED BY GUARANTEE- NO. 5296168 CONSOLIDATED STATEMENT OF CHANGES IN E UITY AS AT 31st MARCH 2021 Funds G•neral D•slgnat•d Rèstricted Total As at 31st March 2020 7,177.121 597.165 56,554 7,830.840 Prior year error adjustmenl 14,700) 14,700) Transfer befv4een reseryes 459) 4591 Cornprehonsive income 294.134 294,134 As al 31st March 2021 7,456.555 596.706 56,554 8.109,815 COMPANY STATEMENT OF CHANGES IN E UITY AS AT 31st MARCH 2021 Funds G•n•rnl D•slgnat•d R•strlct•d Total As at 31st March 2020 7.137.276 597.165 56,554 7,790,995 Transfer betsyeen reserves 459) 459) ComprehensNe income 401,190 401,190 As al 3131 March 2021 7.538,466 596.706 56,554 8,191,726 18 INSPIRE COMMUNITY TRUST COMPANY LIMITED BY GUARANTEE - NO. 5296168 CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 31st MARCH 2021 Note Total funds 2021 Total funds 2020 Flx8d Assets Tangible assets Goodwill 4.852.718 343.987 4,800.039 386.985 Current Assots Debtors & Prepayments Stock Short term Deposits Cash al Bank & in hand Suspens8 account 1,541,331 118.975 906.226 1.448.527 51,198 1.248.826 252,930 1.955,205 102.916 Tot•1 current *s$ots 4 066.257 3 559 877 Current Llabllltl•s Cr8ditor$ falling due wilhln one year 1,113,825 890.439 1 113.825 890 439 Ngt Current Ass•ts or {118bllltles) Total a$sets less currènt Ilabllitles 2.952,432 8.149,137 2,669,438 7,856,462 Cr•dltor amount l•lllng du• In more than one y8ar 139,3221 140,322) Total not assets .109,815 7,816.140 The funds oftho charlty: General funds Designalgd funds Reslricled funds 10 7,456,555 596,706 56,554 7,162,421 597.165 56,554 Total charlty funds 8.109.815 7.816.140 The fin8n¢ial 3taleTr)ents were 8pprov¢d and aulh)ri r issue by Ihe t¥)ard ¥nd were signed on Its bahaw by.. Chair R8njit Bhamra Honorary Treasurer Hugh Miller Adopted by the Board of Twstses on.. Thè rhote$ on pages 22 to 28 foffli part of Ihe financial st#ternents. 19 INSPIRE COMMUNITY TRUST COMPANY LIMITED BY GUARANTEE - N . 5296168 COMPANY STATEMENT OF FINANCIAL posrrioNT AS AT 31st MARCH 2021 Note Total funds 2021 Total funds 2020 Flxed Assets Tangible assets Investments 4.205,509 1.070.100 4,135,232 1,070,100 Current Assèts Debtors & Prepayments Stock Short temi Deposlls Cash at Bank & in hand Suspense account 2.546.184 118,975 906,226 86.103 51.198 2,333,831 252.930 1.955.205 25,178 Total current assèts 3.708,686 4 567 144 Current Llabllhl•s Creditors falling due within one year 753.247 1,941.159 753 247 1941 159 Nèt Currgnt Assets or Illabllltles) Total assets lèss eurrent Ilabllltles 2.955.439 8.231,048 2,625,985 7,831.317 Cr•dltar •mount falllng du• In MO￿ than one year {39,322) (40,3221 Totsl not assets 8,191,726 7,790.995 The funds of th• charlty: General funds Designated funds Reslricled funds 7,538.466 596.706 56.554 7.137,276 597,165 56,554 Total charlty funds ,191,726 7,790,995 Thè flnandal statements wei8 approve(J and au ' ed for 1$$￿ by the board and wero 8igned on its behalf by.. Chair Ranjit Bhamro Honorary Treasurer Hugh Miller Adopted by the Board of Trustees on: Th& notes on pages 22 to 28 form part of the financial ststgments. 20 INSPIRE COMMUNfTY TRUST CONSOLIDATEO STATEMENT OF CASH FLOW FOR THE YEAR ENDED 31ST MARCH 2021 Statornent of cash flows Total funds 2021 Prlor year fund$ 2020 Cash flows from 0￿rating adlvltle$- Not cash provld8d by fus￿ In) opwatlng acuvltles 531,758 1339,3401 Cash flows from invostlng activlll•s.' Dividends, interest and rents from investments Proceeds from the sale of property, plant and equipment Purchase of property. plant and equipment Purchase of Blossom Care Home Ltd subsidiary Purchas6 of UK operation ol Apex Medical Limited Blossoms Care Home Ltd cash at bank at acquisibon Proceeds Irom sale of fixed assels Restated amount owed lo previous owners of Blossoms Purchase of investments Net ¢ash provldfjd by (u$•d In) Investlng actlvlths Cash flows from flnanc5ng a¢tlvitl•s: Repayments ol borrowing Cash inflow from new borrowtng Recelpl of endowment Net c•¥h prnvld￿ by (us•d Inj fin•nclng a¢tlvltl•s 2.033 19.612 1238,0681 12.388,741) 11,070,000) 1220,0001 90.882 5,390 296,632 {3.902,1971 296,632 3,902,197 Chang8 In c•$h and c•sh •qulv•l•nts In the reportlng perfod Cash and cash •qulvalonts at the ￿gInnIng of the rtportlng p•rfod Cash and ¢aJh •quivalent8 at the end of the reportlng p•rlod 296.632 2.058,121 2,354,753 13,902.1971 5,960,318 2,058.121 onclll ol net Incom ndltur• net ¢ash fl actlvlti Net Incom•/{expendltur•) lor th• rnportlng p•rlod (as por tho Statom•nt of Iln•n¢l•l a¢tlvltlo$) Adjustm•nt$ for.. Depreciation charges Amortisation chaige8 Inlaresl from inv8stments Corporation lax Lossllprofrtl on th¢ sale of fixed assets {Increaseydecrease in debtors Ilncreaselldecrease in stock Increasellde¢reasel in creditors Net cash provlded by (usod In) opernting actlvftles 293,675 53,858 184,480 42,998 12,0331 {10,148) 1909) 1292,5051 133,955 182,245 531,758 116.481 28,298 119,6121 {5,390) 1880,1361 132.9371 400.098 339,340 Total fundj 2021 Prlor year funds 2020 sh and cash Ivalents Cash in hand Investment capital reserve account Total cash and cash equivalents 1.448,527 906,226 2,354,753 102,916 1,955,205 2.058,121 21 NSPIRE COMMUNTrf TRUST NOTES TO AND FORMING PART OF TrIE FINANCIAL STATEMENTS NOTES TO THE FINANCIAL STATEMENT FOR THE YEAR END 31ST MARCH 2021 ent of Accountln al Bas15 of A¢¢ountlng The financial statements have b8¢n prepared In Sec￿denCe ¥wth th• Cornponies Act 2006 ond follow the recommendations of the Accounb"ng and Reporting by Charities.. Statement of Recomrnanded Practice 2015 applicable to charities pr&paring their accounls in #￿rdance with the Finan¢iaJ Report"¢ng Standard appli¢able in thè UK and Republic of Ireland IFRS 1021. bl Accountlng P•rlod These fin8n¢ial stal&mènts tslat¢ to the year ended 31st Morth 2021. the comparatives ore fof tho yèar 8ndgd 31st March 2020 ¢1 In¢omlng R•sourc•• All Incom¢ 15 crodited lo Ihe slatem8nt ol financial aclm.lias on an 8￿rU81$ basis. Inojm? invoked Sn advanea of the year lo which it r&lates to is held on Ihe balance 5hget as deferrad incorne. The rnaln incom8 Is d8riV8d frorn 8upporb.ng paople ¥*ilh physical and $8n¥ory impairrnents to mg91 Iheir indivldual nèads, and to promote and 8nctyJraga thom to liv6 mor• ind8Pgndenlly. I Income Is aceounttd lor on an accrual basls. dl R¢•our¢•• Expendod Dlrecl services 6xp8ndSturg ¢omprf3eg e¥pens•$ Invjrred on the d8fin•d ch8rftable purpos8 of Insplre Communty Trust and in¢ludes staff costs attribut8bl? lo the acliwty and manag8menl ol the s•Ncg3 it provides. Governance ￿$t8 compii5e those costs Ihat am ottrilyJt8tAe to th• Nnning of Insplre Communlty Trust Bs company Including expendilui• on g•ngrn1 administrabon al￿ m?n89ement and complyan￿ wlth C(thstitutI￿•l •nd Btalulory requ5r$mants. All expendllur•18 aecount•d lor on an accnwl ba818 •) O•pr•¢l•llon & Amortl•atbon Deprseiation & amortlsauon has b•on p￿ded on all fixod wsets at rat•s suffiognt to wrlie them off ovèr the5r useful lives.. Depreclation.. Buildlngs 8l 2% per annum on cost Motor vehlcles at 20% ￿r annum on cosl Fumituré & Fittin9$ al 25% per annum on ¢osl Computer Equipm•nl at 25% per annum on c08t Rental Assets 8t 25% pw annum on Cost AmortisatK)n'. Goodwill over perlod 0110 ￿r$ fj Dobtor• Trade 8nd olher debtors am f•COgnis￿ at Ihe settlemont amounts due after any tradg di8counts. Prepayments are v8lu8s al Ih? emounl pwpaid net of any trade discounis due. 91 Cash at Bank and In Hand Cash at bank Snd in hand indudes cash And #hort iemi highty r￿Uh1 inveslments h) Credltors and Provlslons Creditors and prowsions aro recogniMd the charity h85 a pre¥enl obligation resuknng from a past •vènt that will probably result in th8 transfer of lunds to a third paty and Ihe amount due to settle th8 obligabon can be measur8d or estimated ￿lIablY. Creditors aThY prowsions ar& nonnally recognised al their Setdement amount after allowing for any trada discounts due. ¢OMMUNiff T UST OTES TO AND F RMING PART OF THE FINANCIAL STATEMENTS OTES TO THE FIt4ANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2021 Note 1 Ana Is olTotal Inco nd •ndowmenls Ch•rltabl• A¢tivltl•s B•nk Inter•$t Oth•r In¢om• Total 2021 Totsl 2020 SLA Contract Spot Contracts Bank Int8r¢st Receiv•d Olh8r Income Apex- equipment salé5 Tot41 In¢om• 3.351,573 436.664 3,351,573 436.664 2,033 702,740 1,274,373 5,767,383 2,641.487 37.134 19,612 436,165 244,228 3,378.624 2,033 S97.158 1.274,373 5.659.768 105,582 2.033 105,582 Not• 2 Anal Is of Ex Itur• CharStable A¢tlvltl?s Oth•r Total 2021 Total 2020 Costs direclly 811ocal8d to 8Ctwib8s.' Staff costs (including expenses and olher costs) Governance Expenses Consultants Legal & professional wsts Audll 2.782,198 21.385 2.803.583 1,753,528 76,199 76.199 46,683 12,720 12.720 9.725 Support costs alloc8ted to aclryiti8s.' Staff training Equipment Service & Provisions Premlses Insurance General office expenses Recfultmgnt Travel & 5ubsistsnce Vehiclo expenses Communications l.T.. support & maintenance Leg81 & profession81 costs Generalloffice equipmonl Bank charges Loss on Disposal of fixed assets Amortisatton Other 4.098 445.102 854,484 767,832 23,606 46,873 1.358 13,097 126,438 24,741 151.820 39,647 18.051 4.098 1 12,501 1 445,102 23,807 854,484 830,668 767,832 354,190 23.606 17,418 46.873 27,436 1,358 460 13,097 9,956 126,438 50.007 24.741 5,962 151,820 74,994 40.597 86,466 18,051 4,882 2,444 2.700 909 42.998 42,998 16,758 10,087 35.055 5,473,708 3,339,466 950 42,998 16,758 5,438.653 23 IN E COMMUNITY NOTES TO AN MINGPIRT OFTHE F NIN¢fpL STATEMENT S TO THE FINPJ4 MEp¥fs FOR TH ENDED 31ST IAAR 2021 Not• 2 otal t•sourc•s Support Dlrqct 8t•ft Costs CoEt¥ ¢ost• Total 2021 Total 2020 Charf18b￿ Ad1v11￿8 Govemancè Totsl r•8ourc•* •xp•nd•d 2.782.198 1.843,￿j 1.012.465 5,438,653 3.251.624 21.385 13.670 35,055 87.842 2.803.583 1.657.660 1.012,465 5,473.708 3,339.466 to• 2021 2020 Empk>yee- rd8tsd costs Meals & Provlsbns Pr¢mises Communicabon5 & IT Po$tage & Printing & Staikthry P￿fesSIOnS1 se￿*88 Govemance Totsl •upport ¢o•l• 767.832 176.561 46,873 39,647 13.670 1,044,583 354,1 80,956 27,436 27.014 69.177 558.773 cl An11￿19 of gov•vn4nc• ¢04ts 2021 2020 Audrt fees Professlonal 18ei Trustee expens88 Apporbonm8nl of$l8ff eo•t• To¢•1 gov•rnanc• eo•ts 12,720 9.07S 60.102 21.385 35.055 18,665 87,842 R•n¢•l A•i•ts Day C•f• Flxtur•• & FMn9• d& Bulldlng• w•r•I￿ Sld¢up Sh¢Jp Motor V•hl¢l•* Tot•1 Cost 1.4.20. Gr Addit￿n& Dlspotsa18 Cost 31.3.21 3,452,958 880,242 652,435 124.814 244.714 237.487 108,771 5,463.934 238.068 1.080 5,700,922 3.452,958 .242 652.435 124.814 481.121 Depreciat￿n b1￿ 1.4.20- Group Charoe tho ygor Disposal8 08preciaiion 31.3.21 103.279 53.231 151.846 17.605 33.351 124.814 197.249 84,138 683.895 184.480 171 848,204 17.897 156.510 169.451 124.814 281,216 71.2S3 Net bwk as at 31.3.21 3.296.448 710.791 e117.475 199.S 38.099 4,852,718 Nel book valu8 as ai 31.3.20 3.349.679 728,396 619.084 47.485 55.415 4 800,039 x•d Inv Inv8slmenl in subsidiaries.. 100% of 1C(i ih8re c8ptt81 at £1 8￿h ￿ Irowre kknjkare Limited o a￿d tythÈ 100% of 100 Sharo ¢aprtal ift Blossoms Cwe Plome Lknhed chwty. Tho charty 8cquired tho subsk11ary on 15 Novernber 2019 ft)r a Cr￿8k18ra1tsl of £1.070.(th). 24 INSPIAE ¢OMMUNrrY NOTES TO W40 FORMI PIRT OF THE FI CIAL STATEMENT ThE FI14￿4c￿L STA NTS FOR THE Y NDED 31ST MAR 2021 Noto 5 Goodwlll Goodwli COST Cost blfvvd 01.04.20 Prior year adjuslmenl AddiliorF5 Disposals Cost cJfv¥d 31.03.21 282,983 147,(XY) 429.983 AMORTISATION Amort158tion blfwd 01.04.20 Prior year adjuslrnent Charge fof the year Impalrm•nt Amortisation rhd 31.03.21 2&298 14.7(Kl 42.998 85. Net Book Value as at 31.03.21 343.987 Net Book Value w ot 31.03.20 386.985 Tha Group ha$ recogn￿ed gootsWII •t Kqu&l￿.o￿ of Care Hcffl8 Llmhd kn lh• •nr*Jnl of £429,98312020.. 282.9831. Tho increase In 800tt*411 due lo >w mr. Th• of g(L•￿'11 h•J b•8Tr •lthal•Y to BIo¥Krtns Carn Homè Llrntt•d a• a Blngle Bh ooneraling und. Th• woup conduct•d • y•ar•nd Thp8lrment r•wow ofswm" l and impalnnert Not• 6 Tru#t••¥ and Em Snfonn•tlon •} Tru#t•• Into￿atIO Ll*blllty ol M•mb•r The ch8dty li tortSlilul•d a$ e company iknit¢d ty wwqthee. In •%*nt olthe ¢*arty *tyJTrY w. each rfiambor kn r•qulred to wntritr*Jt8 on 8mounl not •xuothThJ t1. R•l•t•d P•rtyTrnn•*dltsn No TDJsl8e racdwd •ny r•murwal*fi seNk•$ a¥ a T￿￿88. Th• •mount of Nll 12020 £NIII f9kn￿r$0d to TM¥t••$ to cowr Ml¥cell8r￿jS 8xpe￿* irKu￿od In wilh Vwir role as Tntst*¢J. IMplro Communty Tftol purdwwd InSw8n￿ io th8 (¥)mpary from k>M•• arfiing tt41 neglect or (W8ul1S of 8mpkny•w qnd 48nts ￿1n￿l th• xmsoqUor￿0t any ¢x) pwt. 25 PIRE COIIM NITh TRUST PKSTE D FORMIN PART OF FINANCIAL TATEIAE STOTHEFI CJAL STA TS FOR e YEAR EN 31ST MAR 2021 Note 6 Twu$￿VI and Em lo InlomAtlon ntlnu•d) Employq• Infomwtlon 2021 2020 Emphyee Cosls duiNrrtJthe pen£￿.. so￿rIes 8nd ¥wdge5 Social Security Costs Pen￿on w5ts Total 2,196.563 171.983 123,014 2.491.560 1,336.121 99.111 68,799 1.5Q4.O31 Tha av•rage number olompbyoes durkng th• p0￿d *w'. Insplro C•mmuTrty Trust BIDs8om$ Cpre Home Lt Totsl 2020 79 23 102 78 24 102 S•nlor MAn•g•m•nt Th• numb8fofompby••B •m¢kn￿nts fof wr*>J fdl oath band 01£10.￿0 from £40,0(K) uth8rd$ w folbw5.' Emdument• .ofEm 2021 2020 £40.oc￿ ** £50.( £50.OtrJ to E60.0 £60.OTrJ to £70.C¥)) £70,00010 £80.Cts) È80,000 lo £W.OC £90.000 10 É1W,LX)O £100.000 10 £110.000 £710.0￿ to £130.000 P•n•lon¥ Inspir• Cornmunty TN¥t ¢urrenlJyope¢•t•¥ fve pensloA schernes lor $i•ll TUPED pr•vlwB t4Atr•¢t OPoralor• ond wme new rn8mb¢r• of stsff Inlrodwd to stakeholdor xhemts & NESTI. In F•b￿￿ry 2005 InWr• admiii•d thlo Ih• 90¥ommént p•n8kn ¥*•m• to *J)xnmod•te 81aff Prev￿¥￿ •mployed by th• London Borough of Bax￿ bair*J lrnnifoned ￿ Inwre tsnd•r TUPE proviwns The L8 Boxloy penslon scheme Iran$f&rred th¢s0 employw ￿ InspSr8 on 1$t March 2005 and a hjther youp of 8t8ff In August 2010 %then the Iniegraled Communlty Equlpmenl Sorvic• transferred. EM￿0￿￿8 ¢¢￿tr￿￿￿￿¥ **re paid •1 the ral8 of 20.4% of grosÈ ponswab￿a pay together wth ontroff reduciK)n 01 £62.600.04 per 8nnum durlng 2020-21. based on an 8duarfal Valuation undtrrtakon In 2014. Vndei tho 18rms ol the new block ￿ntract with the Borw of B•xley. c￿￿nCed OA 1Bt Sep18mb•r 2Q18. Insplr¢ r•covers 811 bul 6% 01 the EmpK}￿￿$ MnlributFon. In April 2011 Inspir• boc8rn8 8 Dir•¢ttii EMFW fty NHS ad￿m& vrtwl 8t8ff transferred under TUPE arrnngernents from Swlh London H8afihcaTe NHS Tru$1 lo operate the Wh88lchair Service. The Employer's Contribut￿￿$ Paid ai th• rate 0114.4% of gross pensK)nabl8 pay during 2020.21. awn undar th• t•fm8 of th• now block conlracl the LondL)n Borwgh of 8&xlty. InspSre rKov•rn all but 6% olthe EmW& ￿ld￿j10Th. In Dec8mbèr 2019 Insplre *so took NHS stsff tr8nsre￿Bd urthr TUPE 8rrnrwMnts from O>J8a5 NHS F*xJndatkJn Truii and a￿ll approval as a DirectsM Ernpkn￿ for Ihtrsg st8ff. In8pke has one Thrnt4r olsloff on ils fomief SI•ke1￿38r pen•hX 8chem8 IR•$s￿re) th? remalnlng stsff beiThJ auto ¢nrolkd. 08 8pprepri8ie, into the Go¥wnmonl'¥ NEST schprne. In8F*e Gw1n￿J18$ 19 6% IOF emplohTes from Ihè old xheme and those havhg 8 permanenl conlrath as al ju￿ 2014 8nd 2% new employees posi July 2014. Some staff have opled out of the above scheme and some are ine1*1b￿ lo Ihe18vel of remun8r8lb)ft. In February 2020 Inswre took rwer cért•in IrL¥n •nd 23 812ff TA*rB TUPE'd ov¢r. Th•se staft are members of the NOW pensbn stherne. During 2020.21 the employerfs Ixjntribubons to Ihe ¥(*em8s £17.044.06 ft¢t of recovery above 6% frcth 1st septsm￿r 2016 Bnd one-oif reduction of£62,6W.04. Tt*r8 are cutrenty 83 membErn ofslaff that befiefft from emth 0xtr1￿tiOn5. Note7 D Pr• 2021 2020 D8btots Prepayments 1.464.580 76.751 1,207.720 41.106 Total 1.$41.331 1,248,826 IIISPIRE UNrrYTrusT TO AND FOAMIN ARTOF THE FINAN IAL STATEME TO THE FINAN ATEMENfs FOR EYEAReND I1￿￿CH 21 Note 8 2020 CurTentAc¢wnt Cwdilorn A¢¢ru8 Other Taxas So¢i•l S8rJJrfty Capital Gram Bad Debl P&n510 1.39d 668.246 4L)).9)4 85.411 287.915 135.457 57.512 16,959 18B.229 17.129 1 11382S 25,037 110.300 6.981 VAT CorporalK)n tax Tot*1 Nol8 9 20 2Q20 CorAlal Grani 0rfgin81 Gwt ant rd6a88 browdhl IoThY8rd Grant r•kna Rgvaluabon ol Fixed As¥ets h*J ￿)darg￿n Ntl grnnl 0131st Match 2020 18.6781 11.1)001 19,6781 17.6781 11,(KX)I 18,6781 40.322 41.322 Duè wllhin ono s*ar 81 Duo altw rnor• than or• 10.322 41.322 40.322 Prevbusty cèphal grants reeefv8d w•rn npttDd off Ihe eosl of in th? bal¥￿t Sh￿. and depreualion wal èpplied lo tho not eosl. Llndar FRS102, h￿Sir￿j prl￿rt￿ oro st4ied pr￿$ •Trd d•Voda￿￿ watt lo th8 pro85 cost. Tho pllal gr8nts retthved arg ￿n￿v￿d In cr*lilL¥S aTrY ore o¥eF th• ￿110￿ LY4w th& atructur¢ of hou￿r￿a P￿￿rtya$ 15 d•pf￿8￿rf. Th8 grani is r¢payob￿ Indefinkdy ar￿ r4 r•paY&￿ in IhTr •venl that Iho prnp•tyh handod b8ck to th &Jnor or th• us896 of thv ¥p•thd tyth• lh• wani r￿ W m•L conlkng8nt I￿trAIty lor th• fvll wont li £SO.CO). Note 10 Ey •t 31•t Trnntsl•M Tr•rth Al at 31•t 2Q20 Out 2021 lJnr••trf¢t•d Gon8181 D•1loh*i•d.. &Jlklhg Maini•nance & O•v•Ic￿l Buslnes8 O•vèWn?nl Dw•bprr•nl Dlapklated Fynd 7.162.421 294.134 7,4%.555 389.518 20.817 87.0(Kl 1(￿.( 14591 389.089 20.617 87.(KKI 1CQ.000 14591 596.706 14591 1.053,211 $54 597.165 7.759.586 294.134 Total Unt•#tvbct•d Totsl R•St￿ct•d Total Fund¥ 7 116 140 8 109 815 These ftjnos were up o¥•r o 01lwnti 8•W ol Insprg TnMI In 2005 and by th¢ ¢k)¥e of the nancial yw 2021>21 had bjih up to * th81 was con5thred suffi(•eni ￿ c4)ver the re8peth• de￿k>pm9nts 88 notsd Bulldlng MAInt•Tran￿ & Dev•lown•nt Mi for and p￿¢￿￿e of wèmi5es for $USlainatNIty of the btssin8¥s. R8Th)vation Thymk on 8 SbS>Jp luty fr￿ Ihi3 resarye. The remal￿r* balanc• ￿ still ¢onskJ8red 8uffKyBnl ba5fjd S•Fvit• Developm•nt r•Mr¥• ts fLYPLThpprwnw4 seryKes lor fvtrx8*Jst*nabltyof the org8rMsaticn. Dilapidatlon Fund fot arry ￿pa￿S few￿￿ to tho vern￿5 ¢qLw￿t&1mmjKl cease or¢yJr l98s8￿d proportfd5 are handed back 10 Ihts ￿&sor. 27 INSPIRE COMMUNITY TRUST NOTES TO AND FORMING PART OF ThE FINANCIAL STATEMENT S TO ThE FINAN STATEMENT R THE YEAR EN ED 31ST MAR No¢e11 Sts nt of Total Reco Galns and Lo The gain for the year shoknn in the Statem8nt of Financial Activi*"os was Ihe onty r8c¥yJnlsed gain ITh th8 p8nod. Note 12 Hlstorfcal Cost Proflt and Loss All ass&ls a￿ 51aled in th8 financial 8t htstorlcal ojst. Thwth, adjLthnts am required to the reporte ￿￿ortak• sarvl¢08 whlch •r• provldedlperf0m￿d by Inspire CommLmty Tnjst. In$plre Comrnunty Trust Invthced thè aubsidlary Insplr• medI￿r8 Llmitod on a quartety basi$ £3,084,544. thls fepromnts 97% of lolal $818s ￿Tr&r￿ted for Ihe ￿5p¢c1N8 P81i&J. togethèr %%ilh a 1% 8dftMni$tration charge, A IlmMe¢l company BIo580rrA Care Homo Llrr4ted *a$ pur¢has8d on 15th NLwernb8r 2019 and Is *fiolly ownod by Ihe companylchsrity and th¢ ¢harWs one of the tnJ$tee5 is alao o dwector tsf Ihe cLry8ny. 8108$om6 Cam Home Llrrlt¢d donated to Inwre Communty Trust £78.410 ofth• profft for 2020. Ther8 were inlercompany transa¢ti￿$ b&kn￿eTr Ihg c*arity and Blos¥om& Care Homa Umited. These trnn5actlon8 were eliminated on consolklatrjn ol accounls. The ojrrenl CEO of Iht charlty also a¢X¢d as 8 diwlor15h#reholder of Bkjssory￿ Care Limited. On the purchase by the charity the dire¢lorslshar8holders received C0n8k1erat￿ in ihe fcmi of cash. repayment of dire¢tor3 loan and final Note 17 Inspire Communty Trust has consc4Mla¢ed kn SLthhliaries.' Inswe Limited and B10&wft￿ Care Ho Lirnited. Inspire Medicare Limited charw nam8 during the prior year from Inwre Community Enterprises Limitsd and was inco￿lated ITr the group accounts for Ihe third year. BbsSOn￿ Ca¥e Horr* Limited 15 incorporated for the $e¢on¢J period %*ith Iransactions lor the post 15 Nov8mber 2019 and tha Balance Sheet a5 at 31 March 2021. 28 INSPIRE COMMUNITY TRUST AUDITORS REPORT INDEPENOENT AUDITORS REPORT TO THE AIEM8ERS OF INSPIRE COMMUNITY TRUST DISCLAIMER OF OPINION We have audited the consolidated finanual statements of Inspire Communty Trust lthe 'parent Company'l and its subsidiaries (the 'Group'l for the year endwj 31st Marth 2021. wthich comprise the Con501idated Statement of omprehensive Income, thè Consolidated and Company Statement ol Changes In Equty. thè Consolidated an(J Company Statements of Finanual Posrtion, the ConsolNSated Statement of Cash Flows an¢) the related notes Induding a surnmary ol significanl accounting p(Sicps. Thg fina￿al reporting frarnvwoth that has been appl￿ In their preparation Is applicable law and United Kingdom Accountsng s￿ndardS. Induding FRS 102-The Finanaal Repo￿ng StaThJard appli¢abk in tha UK and Republic of Ireland" Iunited KirrtJdcm Generally Accepted Accounbng Practi￿) We do not exp￿SS an opinion on the accompanying finanoal statemènts of thè group Becaus& of the signifioncg of tho matter described In the basis lor ¢Jisdaimer ol ￿)InIon section ol our report. we have not ablè to obtain suffici&nt appropriate audit eviden￿ lo provide a basis for an audit ooinKJn on these hnancial statements. BASIS FOR DISCLAIMER OPINION The Group's investment In Blossoms ca￿ Limited was acquired during the pnor year and accounted for by the equity mathod Purchas6 considèration of £1,070.OCM) was paid Nèt Incomè of £14.338 Is indudèd In thé Group's Consolidatèd Statement ol Ccmprehensive Incorne lor the year then ended We were unab* to cotain surficient appropnale audit evi¢Jence atx)ut the carryin9 arnount of Inspire Comrnunity Trusts. Investrnent tn 81ossoms Care Home Lirnited as at 31st March 2020. As a rèsult a restat8rt*nt ol ooodwll Increa$ino thè valuè bv £147.000 has betrn Induded on th¥ ac¢ounls. We have qualified the Group financial ststemenls on the basis that ￿ %$*￿ unable to obtain sufficient appropriate evidence abou¢ the carryin9 arnounl of Inspire Comrnunity Trust's Investment In Blossoms Care Home Limited, as no previous Ind&p&nd•nt au¢Jit had been ￿rfOrMed on thè èntjty Wè 8lso unabb to Vonfy tho Group's carryin9 amount of Stock as at 31st March 2021. Th8 current y&ar suspense account of £51.198 rasults from Incorrect po$ting$, In¢ompbt¥ r¥¢ord$ ol incorne and eXpend￿tUre for the year ended and Unre￿n¢1￿ interc￿7panY balanc8s Consequently. we were unable to d•termin• wh¥th¥r 8nv adiu$bnonts to th¢se •mounts 8w ne¢*ss8ry. W¥ ¢onductèd our audit In 8¢¢ordan¢tr with Int*rnatitsnal Standards on Aijdibng IUKI IISAS IVKII and applicable law Our rèsponsibilities under thos8 stsndards ar• furth8r described In th8 Audrtor'$ résponsibilibtrs for th¢ audit of th¥ fin8n¢i81 statements section of our report We are Independen¢ of th8 Charrtab￿ Group In accordanch wth the athical requiroments Ihat ar? f$￿vant to our audit ol tho finanoal statèm¥nts In Ihe UK. IncludiThJ Ihe FRC'S Ethical Slandard, and we have fulfilled our other ethical responsi￿lIt￿lS In accordance wrth these requir•m•nts Wè bèlièvtr ihat tho audit èvidènco ￿ h8v¥ obtained Is sufficient and apprcpriate to provhde a basis lor our qualif*d opini￿. OTHeR INFORMATION The trustees afe responsible for th& oth•r InfOm)al￿n. Th8 olmr inlomi*on ¢tsnpnse$ Infom)8lion Included in the annual report other than the h'nanoal slaterr*nts ond our auditor's report thereon Our opinion on the financial statèmènt$ doos not ¢over lh¥ oth¢r Infomiaiion and. ¢x¢*pt to Ih? ?xtent otherwise explictdy ststed in our report. we do not express any loftn ol assurancè conclusion thernon. In connection with our audrt of the Iinanu81 statem•nts. resp)nsiblity Is to réad th¥ ol￿r Infomi8tion and, in doing $0, consider whether the other informab'on is materially Ir￿nSistent wth the finanaal siatem8nts or our knowl8dgè obtained In tho audil or oth*rwis¢ 8ppe¥rs to te materially rn1ss¢ated Ir we kyentify such rnalenal Inconsist8nc48s or apparent material misstatemènts. we are r8quir•d to d•t•m)Inè whathèr thèw Is a maten81 mi$ststern¢nl in the financial $latemenls or a matenal misstatement of the other Infomialion. If. based on th8 w& ha￿ wrtomwd, wè condudè that thèrè 0 ma18ri81 mis%lalE*mf*nl of this r>th8T Information we are reauired to that fact OPINION ON MATTERS PRESCRIBED BY THE COMPANIES ACT 2006 8ecause of the svJnificancR of the matter des¢nbed In the basis for disdaimer of opinion sectson ol our rw)rt, wa have been unablo tts lomi an opinion. whsthor baW on thè work und¢rtaken In ts counge ol the audit. the ￿nf0rrn8ty.on 9iven In the ¢rus¢ees' rgport lor the financaal year for *hich the finanoal statements are prepared is consistènt with th• financial stat•m•nts, and the strategic report an¢J irustoes, report have b8en Fxepar8d In accordan￿ owIKabltr le981 ￿￿1￿mortts MATTERS ON WHICH WE ARE REQUIREO TO REPORT 8Y EXCEPTION Notwithstandin9 our disdairrer of an opinion on the finanrjal statements. In the light ol the knowkdge and un¢Jerstanding ol the company and its anvironmant obiain8d In th8 COU￿ of tha audit parfomiéd $ufy0￿ ￿ th¢ pervasive Iimitatityn d¢s¢ribed above. we have not KJentifie£J makrial misstatements in the trustees. report. ArisirrtJ frorn the limitatyon of our work referred tty •b¢vo". we have not obtsined all th¥ infomi*on and ¢yplan#tstsns that %* cons￿ered n￿sSary for thtr purpose of our audit, and we were Unab￿ to dete￿ine whether adèquatè accounbrg records havg been kept We have ngthiThJ to rgpgrt in r¢sp8Ct oftha folbm.ng mattèrs Ithère thè CL¥npan* Act 2(￿6 requires U5 to report to you if, In our ¢)tsinion". certain di5cIosures of director5. r8mun8fation speofièd by law are not rn*Ja. and thè trust￿ wèrè not •ntitl8d to p￿pare the financ4al statements In accordan￿ with the small companies regime and take advantage of the vnall Compan￿ exempbons in prepanng the trustees, report and from the requirement lo prepare a strategic reporL 29 INSPIRE COAIMUNITY TRUST AUDITORS REPORT INDEPENDENT AUDITORS REPORT TO THE MEMBERS OF INSPIRE COMMUNITY TRUST IContinu#dl R95PKJn$ibiliti85 of Iru5tO•S As explair& MO￿ fully in the trustees. responsibili￿$ statement set. trustees (who a￿ also the directors of the Charita￿e company for the purposes of company la*} are responsib￿ lor th8 preparation of the finantsal statements and for being satisfied that they give a true and fair view. and for such inlemal ￿ntrol a5 the trusiees ¢Jetem)ine Is necessary to enable the preparation of financial ststementS that are free frorn maienal fflisstaietnent. wheiher due to Ira￿1 or error. In preparing financial statements. the tIU51ee5 are reSYst*￿ for a55e551ng the chariiabb ccmpany s a￿lIty lo conts.nue as a going concern. disclosiro. as applicable. fflallets re￿ted 10 goiry concem ar¥J using the going concern basi$ of a¢¢ountin9 unless th8 trustees either intend to Iioui¢Jate the Charilab￿ Company or to cease operation$, or have no realistic alternative bul to do so. Audltor's responslblllties for the audit of the linancial statements Our objectives are to obtain ￿aSOnable assurance aboul whether financial $ts¢ements as a whole are free trom material rn￿stateMenl. whether due lo fra￿1 or error, and lo issue an auditor'$ report that includes Ouf opinion Reasonable assurance is a high level of assurance. but is not a guaranlee that an audrt conducted In accordarKe with ISA5 IUKI will a￿ayS delecl a material misstaiemenl when Il $￿515 Misstatements can arise frun fraud Lv err￿ and are consKlered rnalerial rf, Individually or In the aggregate. IW ¢ouhJ reason*ty bè 8XF4¢tsd to Innu￿¢• •COr￿1￿ decisKins of users tsken on the tsa$i$ of these financial slalemenls. Explafiatlon as to what •xi•nt th• gudll ¢¢)ngSdgr•d ¢ap8ble ol tin*om Ac¢ountrg Standa￿OS, In¢Yudiry FRS 102"Tr Finaroal Repthrg StsThJaid applK3ble In the UK and Rèpu￿1¢ of Irela￿. Iunited Kingdcth GeTreraUyAu*pby Ar￿u￿1￿ Pra(xtsi We do not expioss an wnion on thè a¢ccrfnpanwng finaFKW', Statefflents of ttr* gI￿p B8raus8 of the ggruficanc4 of the matter desrnt%d in the basi$ lJJdairn6r of opbnK)n seL*w of our rew have not b88n atyje to obtsin sufficEenl approorkqie aLk%il 8Vtdgnce to orovid8 a baw8 ￿ an 8￿rt orxnw on tlwse fina￿4a1 sts1￿en[S BASIS FOR DISCLIIMER OPINION The Group's Investment In 81ossoms Care Limitsd w35 acqwre¢J thinro the year aThJ accoun*d k•r by th¢ ¢quity mothod Purchasa ton*erai*)n of E1.070.CIy) was pamj Net Incoff* of £14 336 Is I￿j￿￿e￿ In the Group s Consolttyated Stalemenl of CoryfthensNe IrtoYn& ILY the year erthj We *pre un8￿8 to obtain suNifyert appropriaie audit evh18nce about thè earrwng amount ol Inspire Community TnJsts' Inv8Stment In Biosxffl5 Care Limrteo as gt 31st Mar¢h 2020 As a result • restatwf*nl of otr*will tru￿Tr) thè valL* bv £147.O)O has iTrclud•d on the accounts We have qualilied the Gmup finanoJ statemènts on Ihe Ws that ￿ ￿re unable to r*•t&n suffirjent approprkgte e*denc* ab¢yJt the carryirrfj affl￿nt of Inspire CorNnunrty Trust's snvè51ment In Bthsorns Carè Hwe Limited as no prèvious Independent a￿lt had b•en wrfoimed on ènlty We also uts*Jb to verify the Group ¥ carryin9 amount ol Stoth as 8131st M8rch 2021 The Guffent year S￿l￿N$e account of £51 198 r85ults In￿r*¢t posbr%Js. Incomple18 rocords of income and •XFenthiuro for th• ￿ar ?n¢ed and IntsrcthiFthy balances Coroequontyy. ￿ 4wre unabl• to d¢t?rniine whether 8nv a¢*usth)ents to these wwJnts are recessary We Condu￿ our a￿lit In 8t£udonc* wth Int•maiKwl Stanéaids on Authbn9 IUKI IISAS IUKII and applicable law. Our re¥onslbilili•$ under th06• Stsrfards are furtb•r dgscnted In the ALhlrforfs ￿sponSO11￿•S for the auolit of th• finan¢&l Statements section of OUT report We a￿ IrKse￿ndenl of Ihe charitabb Grow) In accotdance with the ethical requir•m•rtts that are relevant to QW aLalit of thè financial $18tew*nts In the UK loca￿y11¥j the FRC s Etrical St8ndar# and havè fulfilled oui ethèr ethul re¥M)r*it¥lities In a¢￿)(danC4 wth those rewirernènts W¢ ￿l￿ve that th• audit ovidence we h•ve bl8inèd Is sulhcieni and apprcorwe to ty•80 lor tyJrquaiif*d cgAon. OTHER INFORMATK)N trus￿•$ arè resForr&iN• fDr the other ￿l0m￿b0n. Tts ¢th•r Info￿atrO[b CCMWSOS tl* inlormabon Indud•d In the annual report othèr than the ￿￿terne￿ts •rnY ow auiilor s r•1￿ Ihereon Our on th¢ knanrA81 stat•m•nt$ not ¢over ¢h• other InfcMmaltt)n and. gxcept 10 tho oxtent OlheM80 stoted u) our report, we ¢Jci noi expres3 any form of assurance con¢kJsion thèreon In eonn?¢tyon with audit of th• nn8no* sl¥twn8nls wr [e8p0Mtr￿fy 1$ to rea¢S #k• otrw Information and. In doing so, considor whothef tho ot￿r ￿for￿li0￿ r8 mgten*ly In¢￿&Stent %Mth lh• fimrwl $t¥t8ments or our kn¢)wbdge obiainad In the a￿11 or otheTWlS• apF4ws to èè m#tsnalty m188t818d thntify s￿h rnatenal InconsiSt8fi<4es or appèrfrnl matèn81 misstaiemgnl$. bye aré r•quired tc* d•ièrmino wh•th•r Ihwe a matèrial rnisstaiemenl In finanrjal stsiemsnts Of 8 rnat•nal rnls5ta1em￿t of the othèr Ihfofm8)on It basèd on have k*rtormod. th81 ther? 1$ a mAtenal mis8iR18ff￿nf of Ihi8 Olhp.r Inla￿at￿ W8 are raouir8d to rw Ihal fa OPINION ON mA￿ERs PRESCRIBED BY THE CCXIPAMIES ACT 2008 B8caus8 of tho swJnificsnce of matter de$crit*d in the basis for disdairwr ofowth sgctson ot our ho￿ b6•n Unab￿ te fonn 8n wnion. *thelher basèd on uTh*rtaken In thè oftho 0￿j11 th• Inlorrnatson gNen In trustees. repty1 lor Its fmano81 lry finar￿481 stat￿ts wa preporeos is eonsistent wilh the fina￿￿4151al8rntrnts. aThJ the strateg￿ and trwes. rem hav• t•1 prep8fed irt 8¢?>￿ apF4Katye kgal reQ￿rernents. MATTERS ON WIIICH WE ARE REQUIRED TO REPORT BY EXCEPTION Nthwthstanding our ol an Opin￿rt on the financ431 strtemenls In Ihe kn)ht of th? and urnletstanding of the ￿MpanY an(J It8 ermfonr￿nl ob*aTn*i In the cAurso of the audit pertom)&J sut¥"ecl to lh8 perv8sNè lirn1tst￿)n Ljescribèd abov¢, * hav8 not hsentsfied material rnisstsiements ￿ ¢he Irustees" rewt Arising trom Iimrtatitin ol ¢xJr wK)rk referred 10 8tK)ve have not cotained al Iftltymats￿ aNJ è¥18nat￿ns C4)nsthrwJ r*c8ssary thè purpose of our audit, arKI We have notriffj to r#pDrt in res￿￿ of thè matt•s wiiere the Coftyani&s Act 2(M ￿￿￿re5 us io T8Wrt to you ￿f. in our opinic Certa￿ disckn$uw ofdsrocitys Wltnerabon sp8aW by W are not 8Tr thè trustees wer• not enblled to prepare the firsar•l $talements In accordan￿ with the small clxnpanies regime •nd lake adv8ntage of the small Compaft￿ exeftptio￿ fft weparirKJ tsy51ees ￿p)rt and fr¢yn the requirgrrent prepar8 8 strategi¢ royt INSPIRE COMfvIUNITY TRUST ALIDITORS REPORT INDEPENDEKf AUDITORS REPORT TO THE MEMBERS OF INSPIRE COMMUNITY TRiJST (Continuodl Resp￿81b•lltlB* ol trust8•3 As èxplainad more lulty in th& trustees. re$rts￿l1￿tt Stal6Yrent sel lfr* truslees (wtho 8r& atso tle d￿ettor$ of the ¢hantsble ompany for Ihe purposes of t(xnpany 14wI are loi lh8 wepafa*th) of the fift8￿481 $i*emenis and for bèin9 salisfl&J that they gN8 a and fair ¥￿¥. and lor irrtwna wntrol as trustett deiermit* r*cwary ¢0 enabip th6 preparni￿n ol finantyal $tatemeni$ that ore free Irom matenal mL8stsiement whe￿¢jU￿ to fraud OF error In prap8rng tr* finantsaj statanents the IIUslee5 are respons￿1& lor assessu¥ the thalllable comp3ny'5 ab*lily to continue a5 8 gcin9 contern d6sosry a5 appI￿a￿e matters rdatas to cwcem ano Lsir#J g￿n9 tonthm basis of Un￿SS th¢ tiUSl••s wlher intend to l1qts￿ate the Ch￿1* i*mpany er lo c8858 opwatsons rx ha¥e ryj feaH$ti¢ aWnatt¥e bul todoso Audllor'6 rosportlbllititt forth•Jwlit of the finart5el atattmats Our 0￿¢CU¥e5 are 10 obtain reasonab￿ 8$sUr¥n￿ Jbwl vh%tF*r Ihe f¢narwl $18twnenls a5 a ¥Jhc4e ale fre• from rnal8Fial 15stab￿nI whelY• due to tr*￿ or error. and to kssue an aL￿10￿$ r•N)rt that i￿l￿a¢S our Opink￿ Reasonabk assurance Is a hvjh ol a$$uran¢¢. Lwl 1$ fiot a guar3nlee Ihal an aLKIrt e0rxluG￿j In Brxrrtance 4*th ISAS IUKI will 8Kvays detetl 8 m8t•fNqI mtssl8lerrenl when rt eY25ts Misstatwts w a￿e Ircffj fra￿￿ or effor and arg rnai¢nal rf. Indiwdualty or in the 899f¢gate, tty cwky rea5￿atsty b6 10 InflueKe th8 8￿C￿niC d8osian$ ol user$ taken M the basi$ of thes• ExplanBtion a9 ttsW￿t •xi•fhtthg I￿111 ConsSde￿d capty• ol dotsctthg Irrog¢Martts"es. Includ5ng fraLxI Irregularili•s. I￿￿di￿ fraLN4, aro Instantss of wAh L*¥$ Jnd rOg￿at￿nS W• design pr￿a￿UM5 In Ilnè wlth otsr resport$it4M*s. ouUin8d ta d•i•d Irr•0￿￿nI•5. mc4th#mg traud The nsk of rvjt dglecting a rnbt8ri81 mis$t818menl due to fr8ud Is h¥h•r than the Thjt detectirKJ r•Su￿r￿j fmm 6frLY, a$ tr*wJ MAY ￿¥￿Ve dolitffilo con¢*aimènt, lor eX￿p* loryry or ITh￿1￿￿1 mlsropr8s￿Is￿CY>$. kv Ihrwh CL*uskn T￿ ¢xtwl 10 whi¢J) prrf*Ji¥•s If? of delecbng wregul•ni*s, Inch*JwrfJ fraud detai￿ rek W• ¢blain•d ￿ unoerslandino ol tr* Wl rew1￿ franw*tyk$ ¥r• aFI)11¢8tr4è to the charity #e¢ermlno0 th81 lh6 m¢*t #$nWtant aro FR5102. Conyafy95 2fl)6 and SIW. lopther with Ihe 8UWN$Ory requirwn•nts of the Chirilb•S Ccffim•siM c￿p9n￿ H¢ ¢hanty ¢yrat¢s and not ykjnrfwty by In￿M￿t&￿I l** or reguhlbjns g regi•iw¢d ch¥ity In England Wak8s. ￿ 8r• fDr Tax or Ctypnli¢n T4x LMI rKome denwa 11$ ¢h•ri¢•b Wè urrtle¥$to￿ Ch￿ty is Cming Ihom Ihw w#h IP• tr￿1•1$ •ThJ rav￿ gf the I1￿1•e$ M￿￿tI ch8nty's d)oJtrnntod prdi(x8 aTrl Vve assessed the 5usceptknlty ofih• thafivs financ￿ st8th￿n￿ ￿ m*•nal ml88latarr*nl h￿+$ mlohl oc¢w by ￿SIderIng tho k•y rviks impacUrrfJ finwck911181on￿ts. B•8•d cn 1Th18 u*￿erstandi￿ dw¥nqd our ath1rt wpc•Jures to ￿enIfy n0n