INSPIRE COMMUNITY TRUST CONSOUDATED FINANCIAL STATEMENTS AND ANNUAL REPORT FOR THE YEAR ENCED 31 MARCH 2023 Reglst¢r•d Ch•rlty No.. 1107820 R•glst•r•d Company ND: 05296161 ¢Enpl•nd •nd Wth•) NIMI 'AD66XCP6" 2PJW2024 ¢(•PANIEs HOUSE A13
INSPIRE COMMVNTTY TRUST CONTENTS CONTEIITS Pag• No L¢gal and AdMlntstrati Deiails Truste¢$' Report Indendent Alit5. Report 9.12 co0jaItI Statemtnl ol Financial Ath"Mlres 13-14 Balance Sheets 15-16 Consolidated Cashffow Slatement 17 Noles to the Consolidat•d Accourt5 18.35
INSPIRE COMMUNITY TRUST LEGAL AND AI)MINISTRATIVE DETAILS Trt•5 Ranjit 8h•mra (Chawl Hugh thllÈr 8$uler) nod Khanna (Chiel EmCuti1 Annè 6ram S•cTrtary 'nod Inn3 Key Alanao•m•nl P•nonMI nod Khan Chadty N¢wnb•¢ 1107820 Company Nwnb•r 296168 R•gl•l•red ollk• 1W136 Alal$tyie Road &Jcup. KwTrt Englwd DA14 5HS Ind•p•nd•tht Audilor• First Floor. H 1 M•thkn• RrAd &dcup DA14 SRH Bank• Natsonal Wesknwtster Bank Bexleyheath DA6 7JG Sollcllors Cnpps Hary*s 11 LLP Walls•Jo House 12 Ephram R¢)•J Tunbrw>Je Wells Kènt TNI IEG
INSPIRE COMMUNITY TRUST TRUSTEES. REPORT FOR THE YEAR EPIDED 31 MARCH 2023 The Tw8tees wesent hereth their rep the eon8ohJated finaw teMentS for Ihe ar eThled 31 March 2023. T Trustees have adopied IhÈ al the &atemenl ol Recoffffjen¢led Pr6 ISORP) "At£ouW aThl Reporting ty Chairt$" IFRS 1) in w¢prj OMu Port 5tsteinenis ofthe The ¢¢41d•18d slaterents halt beert wep•red th •G¢rrf4r¢ tt •¢c•urfry pths sei rleS lo the arMunt5 and compty the d15 g¢)¥enM¥ dvwnent. the Cfvrte5 Acl 2011 irKI RepDth9 by charl15.. SlalemEnt of Recrrfrrfthd appk•blE lo rhorit$ PYEpawing JGcounts in •¢Id•ne¢ wilh Fina1 Reporfuw S14ndaid kel¥KI Odobv 2019. ObJ•ctl¥•s and •¢tl¥ltlos ThE obJ'eLwes lor the Twsl estyblthd we the rtlrl rf peFsty pemb# re5hJent. ly lor Ihe tym• residerf in EryJFaThJ. Wo we ol cirwrrftsnce5. IrDm. •rÈ cring or c4rN•bExxry from some plry¥"cal or rnentsl ilness or thsabd" ity, u are peoF4e. or 4r• yourv4¢r 15(¢nor dkn". Ck¥ Strategic Obpdiwes to.. be Ihe pro¥pJer of ¢hoKe be i èrtat C4)rnrry io for improTroe our fi¢181 styer4lh 108K¥re has Conti to develop ar•1 a rarye of ardI Iwth h s•r¥k> acthon plaTh Advoc• Support knilh Communicab Day Admty Sltll and Supwt SewLe shorf 0$ an(r Have a GD" A(tommod•i rmed P8yment6 Swpon Wei•Je Ser¥x Sy Ihtegfaied Coffffjunity EqpnI ES? Pressure Re¢¥ eguipnnt Equiprnenl Demonstralion. lry 18w<- SOn5- Eqwrrt KI Shop h S•J¢up Hwjh Stre InlormatioTh and Advice TF•n5POrt M¥ic and lnfvlr B•¢. Frn¢dom Pass. Taxard> Physteal Disabiffity R¢gtratsn Sensory Suppjrf for People ilh Fariry SW tlilkths WPelthair Re51denl+¥l Care for ilh knenli C¢thmynty-ty•sed St7¢¢$ su¢h ès ¢A¢[ A$8es8mert8. less e(xeie a55essmenls and case re¥¥ elc. Public b•nrf s¢•l•ffl•nl Under Ihe ChariO"es Aci 2011. ch¥rts are req 10 demrnslraie thai I11 are l(xlJLe pUC berefrf. The key prinupk5 vthich ftMJsi be mel Ihi5 c¢Nilex are. fif5ty. Ihal there musl be an benefrf or benefAs.' and. second, Ihal the benefn must be lo the publc. or a section ofthe puWK. Charty Tte¢S ffl1 err4wr fvl Ihey cairy wl Ihtir charity's aim5 IOT Ihe PlIC bfil. must have ie98rd to Ihe Ch• Cornrnwwt's gwdno aThJ m1 on publi¢ berfil sn Ihe¥AnnuJl Report. spire's Board ol Trnslees rewlarfy nkir¥lor arwj tt siKrtss ollhÈ wJnisalh in m¢tir4 its mTh. v•1$ #no obiedi¥e$ are supporte(I by the bu5ire55 rAan. Inspire's mi$sion 1510 pfftrslMpilh cmIni$ k+ehable. arrtl ethance Ihe of c4der people and peopk 11 aims ia Piomole independence Iw ¢Jei peoplè a1 Feot4e dabS.. Encowage Ihern to lth conlrd oflhwkn". and Support Ihem, t*n rtguved. 10 meet indu81 ed8.
INSPIRE COMMUNifY TrUST TRUSTEES, REPORT {CONTINUEDI FOR niE YEAR EIIOED 31 MAIICH 2023 Pybfie b•n•fit ¥ts¢•vnt l¢onbA¥•dJ 11 achie¥¢s 115 aims by". Piovidiw •Mide rv4e ol seMcs offv in p•5 peop have thatslht8s, h)cal . and provid% thoices". RecognbsiTr9 Ihe irycthnce ol uJKurl 44vsty'. Raisiry aware¥% womolry 5Lxial Invt51in9 in $18n 10 e10P Ilir arnl poterti81 DtveloF4ng inr)OV•b¥e prgeds smir The frust¢¢s tfjnfvm that tw ha¥e relerr¢d to gijdarrte in lh2 Chanty ComThDssb)n's gerwal on public bentfil ¥then revkeity tts FOdaS (•es afyj tUre 0o•bl•d •fflploy••¥ ITr5 is committed lo equikty of empknwwil •1 bls refku o Ihal. Wtré 8ppr(¥sria p0$5 * seek lo employ peoFAv disbkn"e$ ¥ThY make positr lo peoT"Stie5 ean urryout thw"r diths. V•lynt•• Sin¢e il es¢ablvdhment kn 2004 SeThI us¢rn have been fornmth to btrI from 5upporled our aer¥iLY$. unlortun0ley. lo Ihe Co4id 19 Prtmic Vr)lteÈts Ye wmble wderfe v¢4unteering betiv&S •)d noi ieiurrd éuÈ 10 changes in theff peisonal cirf&Mn$tsnce8 Hr. its wk iJsety the 8ex V•ltsntary Fundra181ng &"re ts ¢$i•bk"shirrt 2fN. Inwre's mth s•xct 01m Iws be•i LocalMlrti •nd the NHS bodies. In addibgn, Ihe 7ft Atsts gewrales purdses ty the 90Or¢$ and prwate ¢xotryner5 usry Iheir lh.rrfi Poyrnerf FLmdirv4 k aj treirwiv•k fvnds. Il•vi•w olth• y•4r Irwiire has tonlinutd ts fol aclion r4an. devekynerts. a5 aweed VAth Ihe Cthftw5sionn9 bods and in •GtWdance Wlh its busir3s The acticffi 8s bpen r[)nO and kept yer Miiew thrtyJ9h weyular meeting$ ¥ilh InspKe 51aff and Ihp bod ind Ihe Boafd of T[lee5. Qkwty •¢h¥wrnnts tr5 •r ha¥* led.. Delivered seThices in a¢¢trdarh CommlrS. Re¥ievd po&ti¢s and procedurts ith the vrèwto efverths n4 effedweness olser¥Kes. Dewlopedlenhanced partWSThp wthirvj the W ¥oni sedort< be •t4e 10 trIciale in de¥elupmenls as needs and OPPts1unibes arrte io SUPPryt Its Jot41 cornmund Ihe hea#h and soTral ¢we needs. Support and Trainiry for So(3al Wker5 %lhi ihe C¥jwTr aTrJ Trusted Pthrs Ihrowjh the Sry SeNice. enjlkng sirong¢r skills for kvel equymem asses$ffnls RdDc41ioTr ollhe Cuncèssw Tia am to the Styi Hh shel Opiim# Park drfapM1abon comF4eied am t•am$ rnod 10 Klahlslone Road tompleled Ihe dèyelopmern of Ihe piopety ac¥w¥ed m Dtcernbw 2019 11 M•Mlslone Poad SKtcup ts the lnie9ral of all ¢x)mmuntty seThiees on fft ste. FlS •ndFigures." Cornmurily equiwenl Sefy- 41.094 8C¥ils eq¥otirg 10 5.394 O%W e5. a 15% IrKre8se in atlty.. Presswe Rdev¥¥J Equipmenl- Wthin IeShS 41 1.950 2022.2023. Aver•9e 0196¢A ul am Ph cal ¥Asre4 ih"n 3 rw for seNw' 0eSsDrwry Tra SeNKS . 5.313 r•cevrtd e4u•tirwJ th 013 ap11& w i•gei. to 18% tyver thr•8hold lor Blue Bdg¢ 8pWilItrfvS. 372 Relerr81s afid al tr•nry compth fw the S¢nw see. Inspi C¢mThJnty Tru51 has r¢4yAI 8ervi¢ monilcffjry in iem)s ol SerW and t¥get$ as ¥¢1 as qu•lty rnoniimng systems in place. The doll gthied waith.ng s¢iwK ¥oJrys bs Wodwed on 8 b•$is wparion lor qu•rterfy contrad nnItm¥ meetir¥s iih cornnwsspriithJws ofgervics. Trisd•ts ¥ atso i¢ptyw al 801 vieirys.
INSPÉ WAMUI4TY TRLLST TRUSTEES. REPORT ICONTINUEDI FOR nlE YEARENDED 31 MARCH 2023 The Tru$1 h•$ rob1 a55urantt sJslem5 in plo¢e. 5POt checks 4)Jstomer 8atislFdirn ¥w moni1oni¥d vorty •nd mee¥5 bymith Commi1rs1 kndÈts Ofst dNi(hl tent revie undertaken ty Inspwe C•mrMW Trust #all S¢M¢• U5¢f5. leedbac from Serri users and 011 StakeIdern at regAv foftffls A111 and revwofatht Inspire ha5 iDvesled in two ¥vb5bJi8rie$. rnmety In5PiE Medic4Te Lld and Bk)sscffi5 Care Home Ltd. Serrirs pro¥Tded by bolh Ihex sub5¥Jiaries fa15 %re'S MemorandLwn of JtKs •d A55Wl#th. Ipire Medicare. re9iStered as Sp Communty Enterp Ud. tharyed rfs namp lo Iryre in FeOry 2020. then In&pre look over thp Ioc81 operation of one ol its sth(rtradors- MedKal Lld fov Il prDVi5W d arxl Sor4 ure eqErAt for people in need As re9ard5 eks50m5 Care H&¥ Ltd. Iw4re argwttl a rE5¥Jenth41 we fpr people dementia in order lo dNetyfy Is bLtsine5s ac11ty. In5pve Ue¢lirare has dEbto ¥ rwwje of ser¥K•5 8ry1 generaled s•ty income for lThspire A5 regirds B105s0ms Care Hame Lld. in is ar of operatiCfflS it made 01 £33.944. Unl)rtunalety. due lo th¢ #mpaa ¢1 the cOd P•n4JfyynK subw"di•ry thas btén 1tsss¢s. Thts dL to Ihe ¥ftwff•ds of Pandernic. caiw rtuuiimeni diffiwmw. m¥e•kr1 rtEdtO lor the l•trAi¢ •1 the prw¢ty rtY•ti%ty k)w fet Vell. +lot¥er, despite lotses. Ihe Truses to¢ a sirnte9 detisitin to cortirn swiDrw it • V4we optirrM51ic Ih•l ith irwe05wI lee levels and strateg6 to add5$ the staff reuLth and lentloA. and havv#J a Wned appro•¢h tts thE prnises irnprovemenl. thi8 SUbsidry shouhj gepith 10 supwt tr Tntsys inuw Iw de¥elwry dehveriNJ swit¢$ in •¢¢ordIn the Tru$l's Memorandum ofArttks and A8 rngards klethcare Ltd. rt ha6 made swplu$ ••¢h ye¥. dorHted lo the Tnt. FSn•nthl r•¥l•w Group income IN tt >vr VAS £4,432,982 12022." £5.141.n61. evre •mwteO to £4.556.380 {2022.. £5.029.5651. resLkny dÈfiLiI w £1TJ.398 POTI". wkn£112,1711. The 6alartt 5heei shm a posth of n.77S.031 12022.. £7.857.5501. and thE 8alLt ShÈei lor knspi Cofflmuw Tntsl h8B swly lsened from £4.337,036 th £8.059,19). Inv•strn•rt pollcy The requires ad¢qv• swrts h IS •tetKrt lor £s. One olthe Tntsl"s key low in¥¢skneni h•$ beefi lo in¥e in pmpertyts 10 run ils 8eNcs as opwjsed 10 rertry Or ¥Sing wDpEty. The Tntsiees. Strategy is 10 I remainm9 an ler8s1-0e8rity inan1 acctss accounl as Iw becune $urF4 lo the vAifking reguirerreni. This aaion has led in ihe pasl lo 8 5ub5taNi81 in(Tra5e in inlere5t Irufft. bjt OLe lo inleresl rales eontinuitvJ 10 be ai an alime low adion w35 taken lo try Iwove inleresl on Ihese re5eryes ty K4¥t51irvJ in A¥e4 term sjeposils. The level #) 2022-2023 was £713.0. Thi% i5 relaty lohv are Imih Ihe pJuS year5 duE to a svJr¥ficanl ol seryeS have now been Thesled in the Tntsl 0ed woFety. offer opportLty low renta from the k¥operty thal 10 Trusi'$ iequironnt for •1119 W¥5. The Tnjslees ha¥e exarNfied Inswe Commuryty Trust's re4meN A)r reser¥es • the of the prÈd0Mart risk5 10 IhE oyganisaiKJn. h is Ihe Trusiees. ¥itha1 Ihe buldry maintenance and deyekyl feser¥e enable to m•ntain e1ft9 ¢aprtal assets and use n to modemiae prniSes and OeNlop Iuiure ser¥ices w ¢xdef 10 achteve lh¢ TrLtst's mts$iof and ryet Ihe chalenges arisw from the Naknnal loc81 polw debhJwDert(1W9?s Ihe ffiehl of Aduft Stiul Cire. ySe chalenges. in partiDJlar. are n relation de<¥rNrdssr¥rOj ol block Sery1 (thcis by W Avthonli¢$ ar 8oaid ha¥t 4reed to.. buibj and mathiain yrral r¢sewvè$ •t • IE¥tI runnDw t$ •dequ redmIarY Sts. sel aside ap&vopnale slffis lor uedilor37hithn 9enernl fLmd. Jikl suffiri•nt resems for fLxlher Ire¢k1 wem15e5 de¥Ylynent 9Th1 yryovement5 lo the eisl¥¥J wemtseB. mett unknded tO$ts frtyn the Deveknywrt Fwd 10 thm•nds for ryovel seryiRs.
SPIRE COMMUMTY TRUST TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR EIIDED 31114RCH 2023 R•s•vM pollcy Ic•rtlnwdl TAte5 h•ve Irekne deemed Ihbt urrtslrided shtyA1 equate lo 3 monta tyerètlrg vthirh pmounts lo el.1m.7 Trusfs ot l11ed reserves as * 31 2023 È1.564,252 (2032.. É7.713.831 in(Jded fixed IslS £5.403.777}. Restrided 1131 Marth 2023 arnow to £56.$51 P022.. £56.5541. Irtsmall can be Iwnd in nole 19 1) 1 fininciil 5t4t•ment¥. Deshar•d lurnls 4131 2023 •Twrfed to £6.185.53812022". £120.8171. Fwfvr can be fwnd in ncle 20 10 Ihe 11rAr1 ••iewis. GoSng C•nt•m Thtr Tw51 has a %tralegy lo ensure Ihal Ie sthuert ILv r•sed Vywgh bkn torthds stsppl¢meM¢d ty $ purthpse ar¥J the rental from Tntsl propeths. These we ept seefft Trfvrest.be•Mo bank £ouni IRes•rve Accounll. There we acc>Jwls meelrlg TNsl arwj %ubs8ries twffÈnl day lo day ¥m¥kiry ¥wlal. Any pre55ure5 Caused by delasd ¢dIS we mwwged 11Th19h ts cash Selves. nature of the Trusi's attl¥it$ ar¢ suth thal Ihere can be ¢(elable Lmpre¢lthble variakn in the twniry of c4sh Tht trustees have prep8rtd prDierled ush fl( informltion lor th• period endry 31 Mlrth 2023 t•wd. (kn It bays ot Ihvd cash law inlonnation. the trvstses ujnsidei Ih•l ts Tr4tst lo rttyigr frwn Is c•sh ttser¥es. Iw"$ bui8. the tsustees Mder rt approwiate 1¢ prtp•r tr¢ •¢¢cwts on the ¢t•n ba5. PrfncSyl and ¢•dhS Of Tftoth¢s hw$ ¢n$idtred O itks 10 ** ewtd to tenrn of the •PerAthl1 gr risks. Change5 in Ihe G0Ven re91 and local 1 prngrnmrne knr lor1 rarè seM¢¢S. fye•ttr eryh•¥s by bcal auljwiiies lor IllY4 sorial Care Pa aml los6 on frryn b10r& Ctythcts 1•pendent w0¥KIe. Dependty oh m•ior SQW¢Ws b'rrd to authth NHS COmn1561q tty. The endkng ol conirad kn for th¢ Xr¥ vAh fv Lvrthn 8wouBh of Bethy arxl NHS c0rrffl1wjnin9 bLN4y. Changes in aduh s•¢t c¥• ari%r¥J frc4n local CoLrnTi agu8. Lotal •uthorifj¢s' on prooJrHW 5eThity¥ LVKr "Frn4w•k - ¥PDI Pwdw5vJ Conlr3L8" as opposed to 81ock pEfiding imr0du¢i 01th PwcLY•Tnl Bl f¢w 2024 The hfe5pon of Inswe's cMirarls Nilh eThl dale$ in 2024. Won9 c4pital ld lor m•ttfflg Ihr 94P5 in brwJ t4e to make p•Thenb 10 w151n9 LTrLllors in tho evenl ofany mwr delay in the Inc4)me from Ihe c0trrfMsIs ol knwe's s¢rtsi. Redundanty her related staff t•si$ frun". ony 5vJnifKart re{lu¢ in IIKi ending ol fu far partLir agrtemeThts Inrye•ses in Ihe staff and olher iunThThJ co$ rrtoy n5e preety due lo Il% 09re¢merls ith staff tr&rtsferTe from Bethy Cound lo the Tru51 and an NHS or9ani5ab.on WKler Trwsler of arnl fvoleioTh ol EmploymerA ITUPETr reg¢11¢n5. 8re3kdow olthe In1MatIon and Comnwnlts Teth)c4tyy IIC71 sythms. 1$5ue¥ ari5iny from •n e¥enVs of a rn8ior inridenl oi effwgen¢y. Inue8se In Ihe tvjrfding afid F¥operty tosis lor rent as a$ for rIand rtfwbithmvl wieht)ts. Imp•J 9f fkianci4 Wbslrainls on Ipc•l •uthNiis. Th¢ CEO alorrfj Ihe mgement te•m ¢•ntino to and iAtrodue¢ PTOt41ur¢5 •rd repDftsng to manage and mitigalt Nlentffied risks. Hwiny t•rbsh•Md Ihe i%yJes lat*d by the Trust. Ihe CEO h#1 been lorJJ5irw on algessin9 and )tepi tts be ten to m•n•ge ht abtht rAks. Ths t• forTrwJL a li5* managernent $tfate9y a reser¥es po&ty.
INSPIRE coMMui4rrf TRUST TRUSTEES. REPORT ICONTINUED) FOR TrIE YEAR EPJDED 31 AWICH 2023 Pne11 and unwl•trth• l¢onllnwdl The thaiiws ffinanoal late is tty". Prowde ser¥ryces a$ t"¢nIty 8Th1 effeuwety as •TrY costs 1hroh effi¢¥tS. To ¥pread Ihe th regarf5 to kndry deveksp4¥J serye5 0¥8r the wminu ar5 lo ir"gale • d1¥wsrf11i plan in ordar 10 mairin knpv•"s hanrjal ¥iatsThty. and lo Ihe thanty to lo ¥elr¥er •n extelknt $18ThJ8id •1 sery1$ that rtFYe%¢rt5 9ood ¥aK for rv4Jw. Any prewTrs Ca by daYed cftdits are ffle cash rtseNes. Th¢ noiur¢ of Il TAts15 KMe5 •ve sh Ih&t there can be COrable yryiTrdiLaalJ• ¥¥ill)n 01 ts5h truslees h• prepared pioJeL#ed cash ffiow infonnaon k Ihe 31 2023 ano btyorKI. On the 818 oltfvse4$h inltym•iiw. the trustees considw Ih81 the TAMI con lo meet •tgabwts its ¢ash e$. On AS ba5. lh Irustees consider awoprv4te lo pr•pwe Ihe on going b05i5. Be pro•di¥e in develoyw a rarye of rwaTh1 innovabbt to tske fjn SeLty" arth9 Irom th¢ charyes in ihe Goverftmenl Ul•ll)St reg¥d$ 10 soo¥ ce Ser$. To lake ¢$sary steps ts minwrdse ol 8h and salety rtlaled tyenxrrirvj Ihal.. 5t•ff ale apkwiaty tre t• th¥1 and Sa motrr8 (n •te0rdan IhsFiTt'$ 4ppioprk3ie Irwestmthm ts mbdt lor assessw healh aThJ salety Lited vsks areas olimprav•rnths recwrneThJed by heam salety sp¢c48tst athltrls are •¢xed heaHh salety kn55e$ fu in busness pl&nnKYJ pr¢>cess. To re¥th¥ the chrty's •rl reser¥es po aThl lo ertsfft •lEquile res¥ve$ ¥¢ W to wthmded tosts andlw •rry likety g•ps. Wwk cwlinws to •nd •d rryiiM5 to manag• redLre wJenlrfd rr6ks. Phrts foi lh• sin Its e51alshrr¢TrI in 2004. Inwre's ffla 1ourr• olinc4)mB has beeTr kn the ¥Alh Ihe Loca[hrleS Iftd NHS crnisOning bod& Ihe Tntst 9enÈres frrm spol wyrthase5 by the Commissionlrvj 80thÈ1 4nLI privale Cu¥lLw u&rvJ IhÈir tknl Paymth kn¢•l IlY th•iE rj¥. The Trust •lso continue 10 seek lo ¥NiLkn base and $¢VVK¢S br. Contfacliry tsthtr aThJ 80fAal care or9•nl¢KI$ lo prwje pW"cal afvj 8wtsoryirry8K Sery. Contrattiiiy v•lh othèr •ryaTh50t to provile 8eThws lo peo¢4e a th5a(fv•t•J¢d due to sabthty. Oeprivalv)n 4ThJ sooal i$1110n Develop9 ond prov • r4ng¢ of dwedty lo trtsgye tainti ¢0 this $trale9y and conlirxje lo e¥and ts are8 01 operatim in lerm5 01 Il rnrye ol seNices provided as wel ès Il numt)Er of commissioniry bod5 il can develcsi partrtthp5 ilh. Tf Tntsl 5 polrfd of disa.1 tYoperts offers & 9re•i opporturlty Irdev¢ rw ser¥xs as th¥elw"ng residentkql cart %upport kn ptcyle ith d¢sakn"S1S. BuIlfi9 011 Its speoalisl seThKé area of pressure rwirvJ equpiM. dKorrfaminalffJTr ol t•lNpvsonal care ielaied equiprnent. broughl thler the Trtk81's werthn tr"rvj Ihe acwb$rf of Med•l Lld tompany's loul operation in Ftbruary 2020 Th5 oftet fry devdjpwwj mvt and efficiern ways ol yovioing Ihis swvtce. . Enhan4 il¥ bUS1JSa of isablty equy•1 by 5e5. We %4il ctsnliNe to.. Piomtye wKIu5ion. r4isin9 awar$$. ¢h•n9iry ttiWs. %llh $lakehol¢Jers lo enable peot to m•n5tre•n servitts. Wth %¥ilh slakeholdÈr$ 10 improve 8c¢es$bhty 10 buldtys and lrnllSPtyI. Promoit 0rea¢h 5ervKes dDser 10 ther fve. Develop seryicEs disatI aThY . Offer supput I0r and pith%$ phywal •r¥J sew StrueturÈ, governance and manag•m•irt Inspire Communty Trust w•$ in and vy)ry•rated by gu•me M 24 Noverrfau •nd is r•tystd th8My t comparry limiled by guararrtee fnswe has rxi %hife ¢apial. 9u4ree of each member Imrfeo lo £1. goverrff ovjrnenl is Ihe ArbdÈs ol Assou8liM of ctywny rn¢rr*¢rs of Ihe 8oaTd o( Tr&$ I Ihe membws txecutwe D'recttys olthe Cornpany.
INSPIRE COMMUP4rrY TRUST TRUSTEES. REPORT ICONnNUEOI FOR THE YEAR EIIDED 31 A14RCH 2023 Stru¢lwe, go¥•rnanc• and manag•meYrt {eontirwd} Tn&51et5. wIx+are 8150 lor thè ts1£4iwty Iww. •¥J wkn5eryed lh¢ >t•r we." Rafijit Bharnrl Ichawl Roknd FrErK lrtsiyned 8 Sepl¢mbeT 20231 Hu9h Mller (TreaferI rne Brnmley Ark1rèwCra%Ol (Mt-Ch•wl IRe5ywd 20221 par13 CrIord IReswwd 8 Jthy 20221 Vmc4J Kthar lath LW lappoffthi 8 Septeff4>er 20231 AppoSntm•nt Ind rn¢ryiim•nt olTnts•8 The Board cortirwjally keeps uTrJ¢r i•TrrwS mwrErsrup and li trtadlh ol ski15 typertv woper go¥ern•mce. Cl¥EIExeculi¥t and Trustees. yor¢du$ and Chanty Cornriwpjn Gi•d•rte. rrtt Chainw ti¥ei ExetyJb¥ •rl • irtvited to wsil the offices and ser¥ictt. Coffffillto• stN¢tui•. indu¢tion training The Board ofTDA$ to be sported ty a Thbier ol Cammffj¢es. irK Tru5es reknanl sklL%. They indude Ihe falvAirwJ". Development Fthance and IHRI see n¥wl peiiol. D4y ¢• rn•nig•rn•nt Day4o4ay fesponsthlity lar Tnw•gernw of IhT OryaTMth's 1JsMS delegaied to ch?1 Exe1¥8 a5 delled In StaTrJing Ordefs. The Chfef Exeadi¥¢ Ihe wrKip¥l lo ol Ttustees and report5 to on tho The Trusi'5 Structure has been design to pro¥ rjear k1tye¢thL lo Ihe Tr. Chiel Exe¢uli¥e v40rkir¥ ¢bsely ilh Ihe nonxecU.¥e Board ol Director5 lo Sel str•'c lor the Tr1 and lo ensure Iht Execuli¥e Team run5 the Trust professnty aThJ in a¢dIn n$. obe$ aThl orders. The Chf Extcutiw has resPOnYt4ty deiryemJ in •¢¢tydno the Ser¥e Spe0f0nS ol Iht Commissioning 1hOribeS as Ihe LO¢ Athhorirs Ihe NHS Clinical Ctfflm1$510nir¥ bothes. 8nd Ihe siraieyRs agreed by the BrI ol Trv51ees. He tnsures Ihai Ihe slaft ieams a tecruittd arxl supported 10 wovHle the Sknlls and exptrt15tr tedeé lo $uttesslul orgarl10n and that Ihe vals ol Ihe are Lknserved. seThKes a delivered effiuenity and effecbwety in a¢cordarKe ith the contracts ilh Ihe commi5sicer5 01 se$Orr$. Dumg fitiwKi81 penod tr Chef ExeeJJNe by • learn in(kwJry a Cowffievtial znd OpEwalion5 Dir¢dor. H¢•d of FIn ano opera1v1 mage(S for eath of ihe servite ¥e•. Tr C¢#ttrrrti•l d Oper Dir¢oor ?l$o ha¥ responsiblity of assisbng the CIMel Exteutwe VAlh strattgie d¢0ntS •rxl Lmdtnaking degaled manageme reSPDns¢tsh.es in the ab5en( olthe ch ERecNe. ieqwed. Ihe period ol ttms re Tru51 empknyed approxknmaiety 70 stall and hèd revtsed ils manBgement siwcttsre lor effeciwe operational managerynl of T. The Tru¥ ¢r¥Jage$ tyency and freel• si4ff in order io rneei ils Slaff9 requirement. as apwowats. Clel EXee h)5 11 dele9ao re¥&"ty lor rommi55wiry arby managkn9 appropri•ie Human Resr¢e$ IHRI •r¥l lthftnatKn ano Cornmm ye(1109¥ (TI suwprt requwe(l ty tre Tw51. One ol Ihe core of the Trusi is inv¢oip4 li $i•ll 10 tsveky Wir skn15 polenli81. HÈ. Iht Tw51 provide5 appropiiate trainin9 afvj deVeTreAt opptrtunkie5 in 10 enyKe thal tY are equipped 10 perftsrm trii dube5. Slaff Iraining need5 are Syslemalicafy wjenlrfI ty Il W manag•rn Mi disgJ5W ith e¥th member of siafl as part of Ihe performonce appraisal and development ¢•¢h y¢¥. Tlws leads to prep•vu4 • trrNJ plan and cconmissitiniry apwopriale tr¥iniry lor 1¥1 membern d staff N as 8 9rwp. approprie. Tl tramir*J Flan Is knplemenied in parfnershw the ley corn01$. Inspwe also 8¢LYSS trainirwj ¢fytydinai¢d by th¢ kxal volurAary Ser¥ite CoLmPI_
INSPIRE COMkfflJl4TY TRUST
TRUSTEES, REPORT (CONTINUED}
FOR THE YEAR ENDED 31 Ai4RCH 2023
Dry to dAy minag•m•nt
In idditl. fact lo lac• dos m•bJ•wry wirerrth a8 rMr¥J arK1 irllw. SafegnIng
wrer•e 8duNs sre hehj •1 thJNYJ • yt•rforl ICteTrab Ilwi lo lth)ctioTh eIth.ty.
As part ol our (•ntra(as for ts OEhrnf ol xi¥iRs un bel1 ol lo¢ athorilies and tr ls CorMli55ioniry bodips I4t ore
required to 4Jemon311•ts thEm has ¥ubu51 hEMh and mana9emert swems and worysse5 in plar. 70
this VE h8¥e aryaryemethts ih p¢ tr prtrfts'th•l 5UFgorf for de¥ekwr¥J. and monrtorin9 System¥ aNJ
procedwal maw815 lo tomply ith gAlaiion and ISO Cwr•rtty prolessty)l
from Citalion and • speti•lisi ¢trNsuttanl to.
review our hegkh •r¥J safety mwernvl sYsle..
pro¥#le 0.8•ur¢8d Hym•fi R$0wtts ioTV TnJ51
pro¥Kl¢ support to managers for..
$4fety IH&S) v¢l¥•d m¥iiEr5:
Qualty MangemÈr,"
Enworrymal M8n•gemeTht'.
aSSlSl Ihe CW EAeryAwe tw. ISO 9001. ISO I41 afvj CTrWS •tv¢ditaiw.
P•y polley lof k•y m•n•yrnent PErnonMI
The Tr1¢¢5 ronwder Ihe seniof managernw tearn coNyise Iht key mn•gerrerl PEr50nl of tr tharity in ¢h•rye of
dffe¢ting •nd ¢ontrdkrbJ. the Tfttst on a d•y404ay b5i¥. Trwtee5 gNe ol Iheir tim¢ Ir¢¢ty anl no
lrnstee received r¢murTiw in Ihe year Ihe Cwny thrts. The seruw Set tak1ng Nll•
account Ihe market r•ie5. p10pr pay ¥Se lor al stalf. stAor Stsff is deratted by Ihe Brd tst
twstees. In addilw ha5 rvard 5dwnt baxd •pwawls.
Truste PSibIlI11¢S
The Tru5tee$ Ive rpwbl¢ lty prnp•blr¥ tr• Tii•t•es' Repty1 •rn1 theknK¥"al stalem• aix(rt•ntt wih apph"c4blB law
rtyulatimt. Ctympafry WrleS the TAtstses to INtPbrt fmntial 5ts1ernents lor e•th fanUal >ar in •C
INDEPENDENT AUDtfoRS' REPORT TO THE MEMBERS OF INSPIRE COMMUNITY TRUST
QuaNll•d oplnl•n
W• havè audited the finanoal statmnts ol Irwre cmunIY Twst parenl cbarrtabbt r•mpany) and
subs11aS (the group) ftsr the year ended 31 March 2023 the Ctsrdhlatèd SlalemeThi ol Fanal
Actvbts. the Consojidated Balanr SW. the CharitalAe Compony Balar4c Set. tl Consolidai¢d Cgsh Flow
Stalemem and Ihe rd81ed nDtes ThÈ finanaal reporting frame Ihat has been aFgld in Iheir preparaiion is
applrable law and Unrtod "ryOrn Accountirw4 St•ardS. Fxwncial Reporbftg St•ndard 102 The Financièl
Reportiry Slandafd ap[¢•ble In UK (United ngdorn GerACcepted PMct¢¢l.
In our opknion. Èxcept fr* tre poss effeLts offv mattts descthd in the tiasis forqualif•l Opin se(ion of our
9Ne a true and view ol the slate of the gr{> and parent ¢ar11•b ¢ornpany'$ affaiTr a5 at 31
Mareh 2023. ar ol wtyJp¥ v•mirvJ resources app1Ka of resourte4 knding its
inc•me expendrture. IDV the yesr Ihen epthd..
havè l¢n wopeity in arrgnCe ith Urthd G•n•rnlFy APtsd Acmunimg
PraLice,'
ha¥¢ been prqpar•d in aeclyd ilh tre tequffements of the Comp4nw Ad 20(.
Ba515 lor qv•llfl•d oplnlon
We wr• nDt appoirted a¥ ol Il tharilat4e QpanY untl after 31 Mareh 2023 4rvJ thus 1 nol obser¥E IP
counting of phCal in¥entoti•s at the eftd of Jat. We unablt its Satsfy Ourselves by altema1rye means
conceming the invent¢¥y gutl25 hekl at 31 Marth 2023. whv are KK4LKled in Balance Shegl ai £94.841 by
U6ing other art Procedu$. Corwnty unBblE to dèterrnye wltrr any atystrnents to thi5 rniinl
wos necemary.
N¢ FRS102 Report was oblaud in oftre LGPS s(th arKI IhuB have been unth to satisfy tyJrseA¥es
ifany p¢nsb)n liabilty or pen$ion as should t¢ the accounts for tr erthd 31 March 2023 or year
ended 31 Mar¢h 2022. As a re5th the fvo disckn reqwrements FRS102 rEIth"r8 lo rndtitrnpbyer tfined
Bemfrt pension Scheme h¥Y• not Ind thè slal&Trents. S•e 17 on paqe 30 lor di$dUTeS
mode.
WÈ conduded ow audrt in accordare wih IntwnalK•nal Stsndarfs on Alng IUKI IISAS IUKII 4nd applr4ble law.
Our responsibilrt$ under ihose standard& are frJrther described in the Auditor$ f•sponsiblrt$ for Ihe audil ol thè
financ4al slaterrents Secti ol e4Jr W Wt art independent ol the wp afyj dwitth comparty in acwlan¢e
Ih Ihe ethKal requiremenls that a rekvani to our atwJrf of the fina)tyal staiements in Ihe UK. fftduding the FRC,
Etht'cal Stalat. and hove luhSld ow other elhvl SPonbAS ITh accthance with these rEquiremEnts We
believe Ihat the 8udil evidence have oblaine(l is suffirJent and apwowwle to provh#e a basis for our qualifd
opinion.
Key audlt m•ttws
Except f¢[ Ihe matter5 de5crJed in basis for qualld Se¢ln. h•* detemiined that Ihere are no key
audit matters to be cornmuni¢ated in our rwrL
C•nclusloni rtlallng io golng
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF INSPIRE COMMUNITY TRUST ¢Or Infon¥1 The other informal)n wnprises the informath)n fftcrud in the Tws1 Annual Rert Otr than Ihe finanfAal stst•ment5 and our auditorfs reF4)rt Teon. The TnS are rspor6 for the othef inf0mlon contained with Ihe annu4 report. opmK+n on the fiAanoo1 stalements dces nol cor Ihe Otr in1matIOn and. exetpl lo the extent oththvkse explicitly Gtated in our r•po¢ do not è)¥Mss any lom) ol assurance uJnc4u5•Jn thereon. Our responslI1Y is lo read the Other inlorm•tion and. in doiThJ x+. nSer thethu the Olher information 1$ m•tefially irthnsistent ¥rth the financial statsmeDis ( our kre obtaid Courne ol the awlii or othemse appea to rnalerralty misstated. If SLK maleiial w)Th5iSteftei or 4)paf•nt Male misStatement$. are required to deiwmI thT Ihis gNes ris• lo a m•tsrial rriwtalemenl irb the $tateNnts Ihemselves. If. based on the wot %•t rfOrnd. condwle that the li • mari mMt•lement ol thi5 OtW inftymth"on, we are required to report thai faca. AS des¢red in the ba$1$ for quahw opinty seclwjn ol our report. were ur to satisfy oursefves corwning the Inv•niory qUaTrtrt of £94,841 hekj •1 31 March 2023. We have Cortd Ihal there the olhtr inl¢Jmath)n efrr¥ to the inv•nt¢ry bolgnce or reloied ts¥n such as c4$1 of sths. il may be maithaly mi58lated for the wne reason. Oplnlon8 •n oth•r m•tt•rn pr•9¢•d byth• Com1 Aci 20116 In ¢)ur OF4nitin, based on Ihe undertak•n in the cOue ol the •utht". the infonnation 9wen in the Truslee$' reptyt linco•r31¥r#d tht slrategK report arJ Ihe directors, report) for the fmanrial year fv)r ¥thKh Ihe fm•noal slate3 are prepare(l is con5iStenl wh thè financial stalements.. aThl Ihe strateg¢ repwt ond ihe th"rttl+YS' W ha¥e been in wJrdan¢e wih appluble le9al wiremEnts. Mattevs on whlch w• arn Mi•d ta r•port by •xc•pt Exw>l for mattér described in the basis lor qualikd opinion s?dwJn of our report. i) the Iwjht ol our knedge and understsndin9 01 the 9roup •nd ¢harrt•ble Mmpany •Ad rts envwonmgnl obtained in ttr course of t •udil. we have not thrlifd material missialement$ in tt strategK r•M ¥KI t directors. report. Arising sofety Irom limkation on Ihe se4)pe ofowwort relaiir8 to inntory. Ierre(l lo abo¥". ¥¥t have obtairted 1 Ihe iiforrnati) aThJ eyplanaiMts Ihat ** Consth fcessary for the purpose ol our atyjit.. aTrJ we were uble to delennine wAher akqLWte aceounb.ro records ha been kept. We ho¥e nothirg to rert in rwed of Ihe folkNM"rvJ molters ¥Are tht Cornpan •£t 2(K6 require5 U¥ to reFYt Io you. in our Ow1.. returns ¥dE9uate lor our audit have nol been veceived fvtyn br•nthes not Vi5ile(I by us". or Ihe finanoal Siatemtnts are not in agreemeni Wblh the ac£oUn te¢ords wé rttum5. or rtain discbjsures of dirtclofs. r¢munerath)n spetytd by law avt nol m•Je. R•spon$lbllltles of trustees As eXoIned mcye luwy in the Trustees. siaternert set out on pa9e 8. ts Tntstees are also Ihe directors DI the Chantab ccqnpany lor the purpose5 of tpanY bwl a sponS lor the preparation ol Ihe finanoal gwernents and lor beiry salfi2d that Ihey gNe a Irue and fair v4Èw. and for suth iniernal control as Ihe Trustees delermi is necessary to en Il w•par•n ol finarwl si¥t¢nnls Ihal are free frc4n malerial mi551aternent. Whtrr to tra orerror. In preparing Ihe fwwnryal stalemenls, ihe trle ore responsible lor assèssiNJ the grgup'$ and charitab cl¥nnl abib'ty to Conlin as 8 9¢ry c¢n¢em. dch"rj. a$ apPlue. mallers relgled to going conom and usin9 Ihe going concem basis of accounting unless the l¥ustets ether inierK Imwbjaie thè group or charilab ¢tsThWIy OF lo case opwab"M$. or have no allrb¥e bth to do so. 10-
IPIDEPENDENT AUDITORS. REPORT TO THE MEIA8ERS OF INSHRE COMMUNITY TRUST Auditor'8 responslbWlll•• loi th• iudll olthe fmncitil ¥tal•m•nts Our (J"ectfves are lo obtain re•sMat4e 355uran¢e about wknethèr Ihè fin8ncial ststernents O are free from material rnisstalement, ther du• to fr•ud N •rror. arKJ to ISS audrtor's report that indudes our opinion. Rèasonable assurance is a higty le¥ ol assurance. is nol a 9uaranlee Ihal an audit conducted in accordance wilh ISAS (UK) 0y$ detect o mrial misstat•n•ftl ¥th•n rt ex15t5. Ph5$1•tsments can arv4e from fraud tsr ¥rror ond are ¢¢$1dered mat•n if. IrjJèty or in the legate, tPy Could rèasonably bé eyded to infinC the eColC ol u8er5 laken on ts b¥sks of these financial statements. Ext•nt to whi¢h Ilwt •ydlt was consld•rnd capabl• ol Ihtsclkng lTh•gul•rttle8. Indudln9 includin9 fraud, arè instances of non-ttsmwiance wth IM and regulations. Wt d25ign procedvres in line cur rèspon5ibililp5. outh'ned abo on the Financial Reporting Council's websrt•. to d•l•Gt mat•rial misslatents in pect of ityegulariliÈs. including fraud. Wg oblain and update ow understanding of entty. rts actiW1$. ts contffjl enwrorfftenl. and likdy iuttffe developments. indwjing in r•latth 19 gal aTrJ fegulotwy frarnerk apph¢ab arKI hw the entity is ornptyTrJ th thal frarnework. 8ased thts understar#JirwJ. * Klenbfy and a$s•ss the risks of maieripl misstsiement ol lh• Tinan¢o1 stalements. vthelher due lo fra Dr Èrror. design and perforn audit procedu$ respons to Ihose risks. and oblain audrt edenc Ihai * suffic1 aThY apprLyiate lo provth 3 basis for our opinion. This IndUd considornlion of IIE risk of acts by the th•t ntrary lo appliCae la aml re9ulations. indudiThJ fraud. Extènt to fhl¢h the Audil T4V$ ¢onsld•r•d up•bl• old•t•¢UAe Irr•gUrNI•¥, In¢luding fraud In re¥onse to the risk ol irregLdaritses aThJ non-comOwt tthth I re9atIOns. irtlwlirg fraud. d•sign•d pre£•durns ¥¢h I1le. Enquiry ol managemeni and Ilth• wth y0marKe athal potentia httg•n da a5 well as actttsl. suspected and aife9ed frawj". Re¥ith%Yn9 rninute5 of meebngs of t• charged gmrn•nce: Assessin9 the exteffl ol complkinc• ith the Iths arKI wukl.ons cons#rd to hast a dire¢¢ malerial elfeci on the fingn¢i¥l statements or the operabons of ctynpany through erquiry and inspection." Rewewn9 finanaal statemnt disdOsu and t•sbrrfJ io sUppOn9 d¢xumentabon to assess crynpliorKe wth ¥pplioblo lav£ and regulatwms.. P•rfomiing audit work over the iisk ol mafwm•ni bkas and o¥errwJe of c4)nlrol$. inictuding 511rj of joumal Èntrts and other adjustmènts for ¥prcyriateness. ¢valvatir¥J the bus1r$S ralh?nale of sBJnificant Iransa¢tions outside nwmal course ol tsInesS and re¥j a¢Un"1v& esiinates lor Irl¢al015 ol potential 0$. Because ol Ihe tnherent Iimrtabons of an ajit. Ihere ks a nsk Ihal Will NJI 4Jetect all Irregularitiès. inGluding Ihosè leading a Mari31 mi5s1aiefflent In finarKial statements or non-wnpliance with regulation. This r15k ¢reases the more Ihal ¢tynplian¢e 1h a Faw or Tegulab"on i% rEmobwJ fri)m events aThJ Iran5actions refiecled ) the financial ststemeftts. as 11 be less likety to become aware ol instance5 01 non-cornplwce The risk of )t detecting • material mt5Staiement resultir¥J from es hyher kn for one resul1ry Irom error. as fraud May involve colhJslon. 10198ry. intsniwl 1¥51)n5. mi5repreSenlats"¢5. or thè ¢)verrKle of Inlemal control. As part ol an audit ui aeeofd•n¢e th ISA5 IUKI. exertsse w0$SoI 1tyygmI and m?intsin profes5bon81 scepticism thrOh0 Ihe a1. W• o'. IntIfy arKI assess the kS of material misstatement ol Ihe finala1 statefflents. 7ther ¢Jue to Iiaud or eiroi. desvJTh and perfom 8Yrt FyoceduS fesponsi to those r4sks, and obtain audit evidence thal 1$ 5uffvenl appropriate to provide a bags fr¥r opinion. The risk of f1 delectiry a matenal misstètemenl resulb.ng from fraud is high8f than for om r•sulb"rpJ from error. as traLJ may eollusion. forgery, intenbon41 omi$stsns. rnisrepre5entsborn. c* the overith of thtemal control. ObtaKs an understsndin9 of w)tefAal control rnJ•vant lo tro audrt in order to d8svJn audrt woc•durgs Ihal are approprth in Ihe urcumslances. but not for the wrpose of eApre55KwJ an opjnion effectin•s$ ol thè th•riloblp ccmnpany $ inlemat control.
INDEPENDENT AUtMTORS' REPORT TO THE MEMBERS OF INSPFRE COMMUNITY TRUST Ext•nt lo w1h th• audit ¢onsfjd•Md ewbl• of d•l•ctlng Irr•9arlIi•S, kndudSno frud Evaluate tht appropnaleness ol accountityJ polw5 used ar•J fv rea50bler•SS of accounlvvj •sb"matÈs #nd relatsd th"sd05ures made by Ihe 1ntstees. Condude on th• aFyroprianess ol thè Intstee5' w of tr corKem l>asis of accountin9 and. basell on th• audrt ede ¢Ea1. tslher a material uncertainty exists reLqitd to eveTris or corlrlJons that m¥y ¢a5t swjnifiwtl on the chaiitsble company's ablty to Contin as a going COPKem. If w• ClL¥le that a rnaterial wKert•"nty exists. we arg required to dr&v attentw in our alI10r,$ report to the rèLgted dis¢kxures in the financk81 SlatOnt$ or. if $u¢h dtsdosus arè inailequate, to mCfy Ouf opinion. Our wi510n5 are based on the audit e¥thn obtained up to the at• ol our auditor's ièport. firtu ev•nts or condthns may cause the tharilo coffoany to to conb.nvè as • wng ncern. Evaluate th• o¥eral presentabon, 5tru¢lure and c(Mtsnl tsl the financial $t•t•ments, induLlin9 Ihe disdosurps. and vfvlher ts financial statffnents rtpwnt the (mdetyirwd tr4nsoth?ns and •v•nts in a manrter that achieves faif presenfation lie. gAes a aThY lair view). We commuNut¢ ¥th those ¢ho19ed Mth gomance ragardirvj. amoTrJ otPr mattèrs. the anned scope and timing of the audst and sonifKant 3rt ffiNliThJs. Indudir¥J any Si9nifi¢ant defvencies in l•M31 control Ihal wè ntfy during our a11. il#• ol our rnport Thi$ report is made solefy to the ¢>Ilable COmpY'S mombws. as a t4)dy. in •cr¢Kdortt Chapi•r 3 of Part 16 of ts Compar#8s Act 2. Our audrt has Leen w#Jertaken so that e m9hl stats to the charitabl• company'5 rnefTth Ihose maff¥rs are req to state to them in an guditor's wport anil for no Oih•r puw15e. To the fijllest exlent p•miitted by law. we do not ar¢¢pt or asswse re5ponsiNty lo any her Ihan the chantsble Company and the charNatrAe ¢cffipany's membws as a body. lof our aIrt for this r•port ty for tre opini$ we have I0ed. helle Wthes FCA (Sonior Ststthory Auditor) ror and on behalf of Azels Audit St1¢¢$ Stalutory Atyjitoi Date 27 June 2024 First Floor. Rir Hous l Mathione Road Sidcup Kenl DA14 5RH 12-
INSPIRE COPMIUNITY TRUST CONSOUDATED STATEMENT OF FINANCIAL ACTIVrnES (INCORPORATING INCONE AND EXPENDITURE ACCOUNn FOR THE YEAR ENDED 31 AIARCH 2023 2023 Totsl 2027 Fun Fund$ •8 r•stst•0 Incorn fr.. Donaiims 1.057 1.057 182 CharitaW acb¥it 4.344.636 4.3H.636 5.055.C64 InwB5tnnlincom• Incorr ifi¥•strrnnts Intere51 re¢•iv•b 68.487 7,101 68.487 7.101 57.491 1,376 Other 73 73 27.623 Tofal Incom• 4.421.354 4.421.354 5.141.736 Expendliurn on: Charitable achw1$ 4.585.579 4.585.579 5.029.S65 ¢¢tatiOn tsx- tradry Totsl •xp•Trdlts•r• 5.8431 4.579.736 15.843 4.579.736 5.029.565 Il•t ineom•l(•xp•nditw•} l¥vf•rn trnJl•rn 1158.3821 1158.3821 112.171 Other rn¢09n•rf l Oos••s)- Remeèsurewt gain on defined berfft pensity) $cherne N•t mov•m•nt hjnds 17 40.879 1117.5031 40.879 1117.5031 112.171 R•con¢llthtion of fvnds: Fund bala# It 14vril 2022 as festsled 7.800.996 56.55¢ 7.857.550 7.745,379 Fund balanc•s at 31 March 202J 7.683.493 S6.S54 7.740.047 7.857,5$0 All trans3dn$ are thrp4ed Irryn continuirJ aciwibes. All re¢ogAlS¢(I gains aré knssts are Ind in the Statwnwrt of FMal Acti¥iiS. 13-
INSPIRE COMMUNITY TRUST CONSOLIDATED STATEMENT OF FINANCIAL ACTNMES (IMCORPOIiATIMG INCOME ANO EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 AIARCH 2022 omparative Infommtlon onty 2022 Total 2021 Total FundB Fund$ a8 ff•stst•d ** mlated •$ f•$tst•O In¢0 frnm: Charitable activiks 5.055.246 5.055.246 5.436.959 Inveslmentincome IncoThe fiorn mvestmenls 1.376 1.376 2.D33 85.114 85.114 105.582 Total Inc•rne 5.141.736 5.141.736 S.544.574 Expendlture on.. Charitable a¢tivrtk$ 5.029.565 5.029.$65 5.460.261 C8t tax. trading Tot•1 exwndilllf• 5.029.S65 5.029.565 5,460.281 N•1 iOI•1{eXpndlIulo) b•for• tran8ftr¥ 112.171 84.293 Othw m¢o9n$•d g•ins I Iloss•sl- Renasuremefit 9ain on ¢Jefffted berlrt pefi$)n $¢herr Not rnovefflenl In ld 17 112.171 112.171 84.293 Reconcili*lion ol lunds-. Fund balanc 411 April 2021 mtsled 7.W.825 56.554 7.7a15.379 7.e61.086 R•$l•ts6 Fund bal•n¢•s ai 31 Marth 2022 7.800.996 56.554 7.857,550 7.745.379 AJI Iransa¢tions are derive4Y from cMlinuiry act1w1. All recogTh15ed goin$ and losse5 are Inded n Ihe ¢f Finanual Acti5. 14.
INSPIRE COMMUNITY TRUST CONSOLIDATED BALANCE SHEET AS A T31 AIARCH 2023 2022 Flx•d aJ8•ts Inlonglole assets Tangle assets Inv•sbnnts 10 11 12 177.426 S.887.495 206.997 5.196.780 6.W.921 S.403,777 Cunwnt •$•ets Stock Deblofs Cash at bank a1 in har¥1 13 14 94.841 1.574.C60 947.564 2.616.465 97.528 7.533.363 1.816.842 3.447.733 Cr•dilOTr: f4lllThJ lutr Tlthln 15 SX14.0171 1955.838) N•1 ¢un•nt 1.712.448 2.492,095 7,777.369 7,895,872 Crndllots: lalllTrg du• •ft•r 16 37.3221 7.740,047 38,322 7,857.550 D•fin•d b•n•fit p•Mlgn Il•blllty 17 Net funds 7.740.047 7.857.550 Funds Restricted funds 19 56.554 Unre51ricte¢J luntjs.. Designated fvnds Other cThairtab Non-charitabje lunds 6.185.538 1.529.268 31.313) 7.740.047 120.617 7.713,821 {33.442 7,857.550 12 Thè a¢coun s approved by the BoarLI on ... . .. ........ ...... Mr Ranii¢ Tru•t•• harnra IChrl Mr Hh h*ller IHonDrary Tr•asur•rl TnMle• C¢¥npany Number. 05296118 15
INSPIRE COMMUNITY TRUST CHARITY BALANCE SHEET AS Af31 MARCH 2023 Not• 2023 20 • r•sit•d Flx•d Tangible S¢t$ Invgstrnents 11 5.252.982 1,070.1C 6.323.082 4,546.933 1.070.11YJ 5,617,033 Curnnt ¥•ts Stod Debtors Cash at bank aTrJ in hand 13 14 94.841 2.070.751 811,937 2.977.529 97.$28 1.846.814 1,511.417 3.455.759 Credftorn: amounts lalllno du• within 15 {1.239.123 697.4341 N•1 ¢uff•nt 8$•ty 1.738.4C6 2.758.325 Tol•l •s••ts IM• ¢urThnt Il•blhlkns 8.061,488 8,375,358 Crndltorn: wnounts lalllng du• morn th•Th •n• y••r 16 137.322 8.024.166 38.322 8.337.036 O•fin•d b•n•frt p•nsion liabiuty 17 Not nds 8.024.166 8.337.036 Funds R•striC1 funds 56.$54 56.554 Unrestricted fvnds.. DespJnated funds". Olhèr charitat4e funds 6.443.699 1.523.913 8.024.166 120.617 8.1 Sg.865 8.337.036 21 Thè account5 Te apwo¥ed by Ihe Board on ... R8nJrt Bhamra ICa*l Ir Hu9h Miller I gnorary re¥surerl comnY Nurnbgr.. 0$296168
INSPIRE COMMUNITY TRUST CONSOLIDATED CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2023 2023 2022 (19.621 Cuh flow If¢>m In¥•BllTrg a¢tl¥lU•8 Payrnertts io acquire tangible fixed #ssets Interest an<1 Instment incomè t¥c•ved N•1 cash n•w Irom Inve•llng acilvllle• {8S5.3931 7.101 1858.292 1539.186) 1.376 1537.810 I••8• In ea6h and cash •quival•nts 1877.9131 1544.6561 Ca•h and cash equlval•nts at 1 April 202t 1.810.097 2.3S4.753 C$h •fi41 ca•h equl¥•lenl• •t 31 Mrch 2023 932.184 1,810.097 Ch and $h •qui¥•lenl• ¢gn•l>ts OP. Cash at bank oThJ in h•Trl 88nk overthaft 7.564 115.3801 1.816.842 16.7451 Cmh and $h •4ul¥&l•nts #t 31 Al•h 1023 932.184 1.810,097 17
INSPIRE COMMUNITY TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AIARCH 2023 1 A¢¢ounting pollcl•• la) Basls ol ac¢ount5no Inspire Cornrnunrty Trust ts a regislered Chaiitab tompany in IIE United rjdOm. In the ent ol the ehaify being wound up. the 14gblity in rttped thè guafantee is lffnrt8d to t1 per member ol the charity. Tho •ddress ol Ihtt re9i$tered office is charty inlorniation on page 1 of financial statèments. The natur• ol lh charity's operntions princpal aebbrybes ts to prlIe ffjwdentkal care. ihÈr4iy and Ucaon for ¢hildrgn an¢1 youn9 peowe ¥tho ha¥• fac depibvati'. or ntgkd. and rnay ha%e •notign¥l. behovicur81 or educatKJnal dllfiwl$. The charity constitutes a pub¢ benefit gnlty as d8fThd by FRS 102. Tr financial slaternents have bèen prepad sn aceordancè wth Aecounb"rKJ and Repothg by Chariis.' StaiÈm¢nt ol Recornrnended Pradice applicable to chantres ppaThrj Ihelr ?nts in acav0an %wth the Fmanoal Reportirrfj Standar(l applicable in the UK and RepLJlic ol IrdarKI Bswl Octobèr 2019. thÈ Financial Reports"rvJ Standard applicable in the United ngdom and Republic of IrelaTha IFRS 1021. Charibes Act 2011. Companies Ad 2006 aYKI UK Gènerally financial ststernènts a prepad on a gryrg COrn ba%"s under hi51orKI cost n¥entr"On, modffie(I lo intkbje ikni$ at lair value. The fin¢31 statemeits ¥r Swoled m stertinp vthi¢h is the fvnth'onal currency ol the eharty. The significant Kcountiry Wics apWd preparabort of tfthe finanryal ststements are set oul below. Those policEs hale been consistenlly pd tD ar5 prèsgnd un$5 oth01st staled. Ibi Con•oNd•ll•n In the OnIOn of ts MeMr of ¢4JThwnthe. ts thwilth cw1Y $thKli8ry uThrtakings e41mpr¢• a small gvoup. The eon$didated finanrAal slaiemènts fficwrate the (11$ ol the charty rts Iradiry sub$bYiariè5, Inspire Medicare Llled and 810ss0rns Care Horne Linrted. for the year ended 31 March 2023. As a consolidated Statemeni ol Firtancial Athvitwd 1$ pubhsw. a separate Statement of Finanaal Actiwb"es IOT the parent ctyrpany is omthl from 9r0 statements by rtu8 ol Se¢u"on 408 olthe Cotnpanies Acl 2. (¢1 Fund a¢countin9 VThreslri¢led ger101 bjnds ar• funds be usèd in atcor¢anc¢ wilh the chèrrtabk objects at tJisueiJ"on of ts trustees. ReStted luThl$ aw luf¥Js Ihal cw orfy be US lor partvjlar re51ncted pvrptys•$ witl¥n Ihe objects DI the charitable company. Reslric1ion orws when specified ty the Lv wn fuTrJs are lawl for PartUlar restricted wrposes. De5i9naled fuTrJs repres•nt funtJs investef1 in fixed assets. The designated fund balance has been represented lo ènsuts that thi fu1 bJan¢e acaxatety rellects Ihe design•lron adopted by the truslees. Idl Ineom• r•c•gnltlon All incornt 15 include(l in Statemenl ol Financial Actiwbes ISOFAI fien charty is lègolly entitled to the irKorne after any perfomianc• C(tiOr4 h• béèn mrf the amount can be measured rtshably and rt is probable that the income will be receid. Voluntary inc4yne, IncludiThJ d¢)n•t1ry. 9ift6 arKI 9rants that probTh1è core 11rj or are ol 8 general naturè. Is recognisad tsre tsre is entitkiment. certainty ol recew aThl the amount can be mtrasvred sufficient reliat41ity- 18-
INSPIRE COMMUNITY TRUST NOTES TO THE ACCOUNTS FOR TIIE YEAR ENDED 31 IAARCH 2023 1 Accon11n8 polkiw I¢•ntinu) Idl Ine%h• rn¢¢#filtlon Tho rnwn income is JerN8d from peopltr with physral arJ sensory impaim)ents te meet th•if mdividu81 needs and to pole and encourage them to more Thrs income 15 included in the Statement ol FlnpnU AclvAtse5 wben rerwvabl•.' R¢b•¢o$ 8$ ¥ resuft of ? bkKk c4>ntract 8gr••m•nl h LOrt Bh of ore oKountod lor 7Athen r¥able. No amount is irKIle in th• fmanoal statem lor w14wleer Ivne in 11" SORP IFRS 102). Further detail 1$ gwn in the TNstse$' Annual Report. Invesknenl inccffle divKlends. inl¢resl an(1 rgffl. Intefyst inccme is rec(gn4sed uslng thè tfftcti¥e intsrest method and end ond rent inctyM• is re¢ognisod a$ thè dwntys right to receive paynwt eslablished. (•) Exp•ndrlur• rn¢•onlllon All ey4onditur• is accounted fw on An K%nwls has iwi da55ffjed wKler headiry that all sts reloted to the ralegtyy. Expendthre is rec09rSed th•rè Ihere is a ¢x ¢onstrudNè oblall0ft to rnake payments to thwd porti•s. it is wrti•t4• that IM s•tUwnerrt ¥ill rewired wnount of th6 obhgation can be moasvrnd rnliAbty. tt 1$ ¢worwl urnlertr heath"ngs.' . Ey4Jendrture on chorilatle a¢ts"wts conyises its>se costs by th8 FouThJalion in iho delivery ol ils ctilnties and seNc•s for bene.les. It irthlts both <x)5ts 4lo¢ dirtctly ID such •cliwtyes •ryl those costs of an indirÈcl nature nec8ssary to ¥upport Irrocoverèbk VAT is chai9Èd gs •n Èxpenw J•nst th• acti¥ity for e¥pwKlTrtur• aros•. (n Support Costs allocat•on Support costs are those thal assist Ihe th of Ihè thanty do Oirectty represent charrtable acliwties and in¢de office Costs. gowffta cosls. •Jmink8trativt payroFI eosts. Try 8re in¢urfe¢l diredy in suppori of •xgendrtUf• on Ihe objecls ol ¢harity and irtlL•Je project manageffnt oul at Heathjuarters. Support costs cannoi be directly attrile to partr101 ading$ IW ha¥• b8en aNLuted 10 CQ$t ol raisin9 lund¥ anL1 expenditu on charrtabfe ad1vie$ on 8 basis congstent ilh use of the resources. Ofvr Costs ha¥e been alWt¢d cffi fv basis of staff time spenl The anatysis of Ihe5e costs is Incl in nol• S. 19) lThtanglbl• fix•d a•$tts GootrAI on cons(4idats"on i8 amortised a PWKJ of 10 y•Fs fLqhy•rn ofacquisltion. (h) Tanglble Ilx•d assets and depreclalon Tangible fixed assets We slated at cost Ivss actffiiulaied dew¢Gwtion and any rew3ni$ed irnpairmenl losses. Cost inclLAlès Costs dire¢lty 8ttnbutse w mirvJ fv Se1 c•patA• of operatirg as inlended. Assets co$ts"ny £5CQ or MO are caprtalised as langible fued assets aTh1 rrd 0¢ (x)sl rf of depreriation any provisKM IOT impairment Depwaticn is provided on ?11 taryiNe assets, at Tate5 calculated to writè oft thfy ¢4sL less ¢stimaleU residual vafut. of each ass•1 oft a syst•makn"c basi5 ovèr rts è¥cted useful th"fe. as f910.. Freehold land Fr••hold buildings & impro¥wnent5 Fixtures. ffitwgs 8 equipmenl R¢niJl 8s$4ts Motor v•e$ 2% 5traght hr 25% Str8m lin8 25% stra line 25% str•"ghl li 19-
INSPIRE COMMUNITY TRLIST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AIARCH 2023 1 Aceowting p109 Ic)ntinu•dl Fl¥•d ¥ss•t hw•$bm•nl¥ Nesbnonts wi s1•ne¥ •re measurnd at ct6t less imp¥innenL ll} Debtorn and ev•dithrs wr¥abl• I rabL9 wlthln on• y••r D¢btors ond creditofs with no stad inter5t rate ar rtt•i¥th or Payab TAth"n one yew 4r¢ reciwdod •t IransaclKJn sxi¢¥. Any f05ses fr¢wn impoirrnent arn recwisèd in e>pendr•. (k) Emplo>T• IMn•fits I employges ha r•nd8rnd s¢Thi¢e ts the Laity. SIK¥rt4e Èmpbyee benfrfits to wh¢h t wnpb)yett w• enled are fecoqnis•d at the undis(xuntgd •mtsunt exwcbj to be paid in for that 5eThio. Retirnen1 bgneffts to ernF4Oye ol the Trust are pwded by Il Local Govemment Schem• {'LGPS'I. Thèstr art defined benefit schwn. Thè chanty ajso operates a tsfined plan lor lh• bÈnefft of Tho LGPS is a furth and ihe assets are 8epar• from Ihose of tr TnAt in separate lJu$t•• (Iminter•d knds. Pension s¢h•mt assets arn rneasurnd at vak aTrJ 8r mtr•sured on an aetu•rial ba515 hming t proie(ae(l rnethod ond th"scounled at • wale eoulfrnt to CUJTenl rats of rfum on high quolty cwrnte bond of eqLwaleni temi and rwrr•ry to liablikn. actvaf¢al valuabpns are obtaintd at teast trn1¥1 and we Updat at èach lance shtèt dats. The wnounts dkgrgèd lo op8rnb.ng surplus af• Ihe rAurtnt sèNce fAxts and Ihe c05ts of sdwm• iniroduciK¥ns. befft changes, setuements aThJ curt8ilrA&nts. T are induoed as part ol stsff costs as iUed. Net int•Msl on Ihe net defMd bertfit h"èbilitylasset is atso ctrJnis8(I In Ihe Statem•nt of Financial Aclmbes and comy15es mioresl cost on the dgfined benefil oblwab.on aTrJ intsresl income on asstts. takUted by muhylyry lh• value ol the herne 0¥sets at the beginnin9 of the per by Ihe rat• usÉ(I to ¢¢¢ount the bènefft tionS. The diff8wicé tha •re$l irthme on the sthm• ass•ts ¥ThJ actual return ¢)n assets is fecognwj in other r•cA)gnistd gains losses. Aduwial losses •F romgnised immediaw in fv rnco9ntsed gafft5 IDSS95. A¢iuarr81 gaift5 8re recognised up io a rnaximym of the pwousty r¢u>gntsod losses in othgr recogThse(1 gains and bxses. Iml T•x The charity 15 an exempt ¢harty vmhin the manin9 01 scWu18 3 of the Charilies Act 2011 and Is considèred to pass the tests set oul in Paragraph 1 Schedule 6 Finance 2010 and trrore rt meets the ¢Jefinits'on of chwtsble company ftsr UK cory¥)rabon tax purposes. 20-
INSPIRE COMMUNITY TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENOED 31 hlARCH 2023 l A¢¢ounting Polkl•s l¢•fillftwdl Inl Jud9•m•nts and k•y ol ¢stkn•tk+n un¢erkn A¢¢ounlifi9 eslvnales an¢J judgerr¢nts are Eonbnualty e¥ahJatEd ond 8fe based histrrrit41 eyperienc and olh•r ladots. IUdIng •¥p•ciwJns ol future events Ihal are beFVed lo be reasonabts wder Il artsJm6thn¢•s. The Foundation make8 eslin•tes ord assryt•)ns t4Mceming Ihe fthwe. The reSIng xcountin9 eslwrt•t¢$ and a$sumplion$ wll. by SJefin.0n. seldorn •9ual the reLated actual resuK8. Th? e$lhm#s and assury+tions Ihat havè a Significant risk ol cauwng a rnalertal odjus to amoun15 of assets ar k"abikns within thB financi81 year are drf¢usd belty•. K•yjud9•nwnls Pens conlribulm mb•t•s Induded inwne is iebales of Ir5 penswjn coThlriWn r•w¢r¢d utsJor a bbdK conlwl with London Borough of Bextey Yhthereby afjy arnounl payaty n •xrrt$ of 6% 15 reC4VWab ty the Twst. This has not bgen offsel againsl Ihe ¢¢nlribut•)ns payabfe. K•y e$b"m•t•5 Uselvl econom1$ oltènty"bl• 8ssels The annual dep1?1 ¢harye fDr langth assets ¢ #ens4 to thaw eslnalod usthil •corK+m¢ li and taU¥l valJes of the assets. The u$vI #torK hv•s aryj vabms •r •tsessed annuaty. They ar• •rnended ¥then I$$•ry to irffect CeTht eslwh•s. base(1 on Chnob)gI¢¥ than¢ement. fvturt inve51rnents. e¢0Mi¢ ulihsaiion and phy&ul cAndition ol the assets. See r1• 11 for IP ¢arryirwJ gmounl of ihe ffixture$ and rillings and motor vehicks, and npte 1lhl for useful e¢•Thr foreach da8$ 01 osset$. LGPS pr•s•ni ol Ihe Local P•nsiL¥T ScheTh berfft dèp•nds on a numb¢1 ol lactw Ihat are d•iermined On an oclu•r•l basis usry a vawf of assupywbrffis. •$wmption5 Used in delemining lh• net cost 11rKl lor p•nsions ¥knSude the discounl ratr. Any tharyes in these a$suryt)nS. we di$dosed in 17. wll inpact Ihe ¢•rryry ajnounl of Ihe pensm lbAty. Furthefft • roll fornard appToa¢h whth project5 resulls from th• latest fvll actuanal valuab.on perfonned 8131 Mwch 2022 has been used by the aduary in valuing the perlOn$ Irdbilty al 31 March 2023. Any drten5 been the fyur•s derived frorn Ihe roll foard 8pprw£ and a f¥ a¢11a1 valua1 would 4mpa¢t on CaFryWg amtyjnt ol the pÈnwJn bability. Badéebl pro¥isbJn The value trade d¢btor5 ts sen$rtNe 10 the rBcoverabthty in 01 •ry Nwoices is$wl to each customer. OA¢e Ihe debl becomes Overd it is chased and periodirab¥ reviow8d to ensure recoverab In fvll. 11 a provision 1$ deemed necssary Iho ts indwled on an annual b•sB. No P1$1 for bad •hJ doubl1 dobts * vJrrenJy wb¢e& in tr accou$. (•) Golng ¢•n¢•rn The Trtssl ha$ a Strategy to en%e thal Ihere ao suffrnt funds raised thfOL4h the blocl tt•iracts supplemente by spot purchase And tental from the Trusl ¢)wned propert5. These funds ale kept secure ter¢$I- b•amg bank account IReserve Accounii. There are rrent account$ fty the Titssl and subsKfwries Current day to day wixking capital. Any pres$uo5 Caused by delayed Cred a managed Ihrou9h cash reserves. The nature of the Trusfs a¢lbVrtffjs are that ¢an be ¢onsthrable rredth vangbon in the timin9 of c•$h inllJw5. The Iru5tees have wep4ted proierAéd ca8h fth irrfoffhaty)n loi perKd endiThJ 31 March 2023 and beyorrtl. On Ihe basi5 of this cash Ibw inlormaiion. Il trLISIèt8 cons#ler Ihat Ihe Trusi will conb.nue to meet ¢ts obligaliorbs from ts cash fes•r¥•s. th thi$ bw. Ihe Ilet5 tots¥ler il gpprokyiale to Wep) accounts on th• going Conr bffj. Ipl Gov•rnmnl 9rn1 Governmenl gronts are rt¢49nffjed at Ihe f¥iT ol tP assth leInd or ftceN•ble then thr• 1$ rea50TrabKTr assuran Ihal th• 9ron¢ con1rtn5 will be met and th¢ grants wrfl bo r¢•ived. A grarst thal spe¢rfies performance cond'0n5 15 ieccgnised m Ineome whn the pèrtorrn condthn$ a n1. ¥Vhere a grant dc•s nol spe¢fy perfomiance LditIOnS il 15 recc¥fiBed In ine411tr when It proteds are re¢%Ned ty rn¢•rwabl•. A grant rei¥•d befo the rewrAbon uii•iia am is r•¢ognffj•d • habty. 21
INSPIRE COMMUNITY TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023 2 CHARifA8LE ACTfviTIES Unrnstrlct•d fuNd• Restri¢lwl fvnds rglal 2022 2023 SLI Contract Olher income ca home Aptx- equipneni s•lÈs 2.221.934 86.436 814.235 1.222.031 4.344.636 2.221,934 86.436 814.235 1,222.031 4.344.636 2.679.222 92.061 621.167 1.662.614 5.055.064 J OTHER INCOME 2023 2022 Grants rtcei¥ed Blue badge holders RADAR keys JRS grant 21.006 17 28 5,584 26.623 73 4 EXPENDITURE Stsff Cosls Dlr•cl C19 Svpport colts Totsl 2023 Total 2022 Charttabl• aeimtss P¥ovL8ion ol CL¥nmunity care C¥Te home Taxation Totsl ¢haritable acliviti'es 1.697.358 458.991 855.379 188.539 1.214.024 171.288 5.843 1.379,469 3.7e6.761 818.818 {5.843 4.579.736 4.404.910 624.6$5 2.156.349 1.013.918 5.029.565 Totsl expermlrture 2.156.349 1.043.918 1.379,469 4 579.736 5.029,565
INSPIRE COIthIUNifY TRUST NOTES TO THE ACCOUNTS FOR THE YEAR EIIOED 31 alARCM2•23 $ SUPPORT COSTS Prn¥lslon ol T•tal 202J T•tsl 2022 Stèff tsnirvJ Eqimpment Repiit and m•inlen• Rent and roles Lffjmand heal Insumr A•uuknnt Tr3¥el and subsitrte Vehic e#Kn8es CornmuwaoTrS 5wpQrt¥j mawtsr4rt0 Leg11 •nd prots$sn8I casls Professignal aThl Cons1¢¢$ B•nk th•ryes Depr•r4tiot) 12.ntt 19.076 5.770 14011 266.034 97.905 83.285 29.022 69 i40.IxKI 146.416 81.876 30911 210.879 149.197 91.JOS 31.338 2.751 6.929 3.427 8.465 152.709 23.941 127.338 29.819 33.587 6.608 158.707 29.571 450 8.915 1S2.709 25.240 127.355 251.019 33.587 8.511 174.045 Zg.571 630 12.592 104 7.5170 77.805 116.571 1,385.312 160.054 31.302 147.543 18.340 1.903 15.3Jo 6.228 160.991 29.$71 465 19241 1.992 9.168 69.219 SYl.169 1208.188 Loss on dwulolfiA•d •ss•ts 12.592 104 7.733 65.423 99.115 Pro¥i5ion for dort4thJ4eblS suty$rPtss Gingr•i office e¥>er4 Goyornance 237 12.382 19.456 171288 6 GOVEIIIIAN¢E ¢OSTS 202$ 2022 Staff 21.951 40.167 21.276 74.189 3ts.443 6.(61 1687} Audlor5' reMWWaoTh- sthpJiies ActouniThcy servic Ac¢ouni•ncy serYKts-%W>sM•iies Leyl lees 5.120 1.055 90.169 118.571 Gorn• Costs support tosts dE&4Ed and b•¢n •loc•lÈé c• Ihe bsi$ of tim• spe1 in re5P¢¢t of 5laffcts •nddK8ci IrK th cosit. 7 I•ET MOVEIIENT IN FUMOS ¥23 2022 TNS 1$ staled aftei thar9ir¥ D2pfe¢iaiion fixed Amor11tion ALHlilor$' TrUnE1{an 174.015 29.$71 112.612 16D.991 29.571 61.743 7RU8TEES' RE4UFIEAIIION JIO REIIIBURSED EXPEIISES The Ctef Ex¢cuiTh ICEOI is also o Tru6 of TL rec<i¥ed a salary ofb•tra¢rt £130.0013n¢J t140.00012022." E120.001-£130.(W. Ch•rity CarMSS)n g1¥• tthiient On 17 2005 CEO r•Am1O Urnl¢r d•u5e 52.5 of tho th•ritabl8 M•m¢rihdum Arb"d•s of Assouaiiorts as ameThJed by WTiiieTh resthboft on 14 Janury 2025. None of the ofvf Tnts¢s (or prrsw5 Cwrncted recth•d dwif9 trwr. ty **re imbyrs•d eApenses12022." nll. 23-
INSPIRE COMMUNITY TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023 ¥ EMPLOYEES Emplo>Thent costs 2023 2022 we$ and salary costs Social Secufity Costs Pertsion c05ts- defmed conlribulH>n 1.9)4.150 172.905 79,294 2,156.349 2.rth.696 200.401 120.205 2.387.302 Nyrnber of •mploy• The number of trrnploytts. by h¢adcourt dwiNJ thè y¢af was". 2023 Nurnbor 65 26 91 2022 Number 77 24 101 Provision ol c¢Ynmunity car• B105soms ca Home The wrnber ofempby883 wtrvJse annual emobJments were £60.LN)O 2023 2022 £60,001 - £70.C £70.001- £80.CQO £80.001- £90.OCQ £120.001- £130,000 £130.001 - t140.000 01 the emplDyees *thost emr4uments exceed E60.rKxJ. I 12022.. 21 have retMn•nt b•n•fils orxrury urthi defined contribution sthèmes. The senior management team cMwrise the koy managent petsonnel ol Ihe charity In chargè of direclir and conirolling. runniryj and operatyng Ihe Yrusi day 19 day basis and are d•tae on pa9e 1 aggregale remuneration to the key management personnef tLN¥ltd £231.401 12022.. £199.2541. 10 INTANGIBLE ASSETS Group Goodwlll Tolal Cost I deemed cost As at l April 2022 and at 31 M¥th 2023 as restaied 295,710 295.710 Afflorti54tion As at 1 Apnl 2022 Charge for year At 31 March 2023 88.713 29.571 118.284 88.713 29 571 118.284 N•t book valu•s At 31 IAar¢h 2023 177.426 177.426 At 31 March 2022 2C6.997 206.997 24_
INSPIRE COMMUNITY TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENOED 3t MARCH 2023 11 TANGIBLE ASSETS Flxturns. Land #nd knprowmthbts fftllnos and bu4dlb)y lo buikllnp •qulwn•nt & r•DtsI •s••ts Motor V•hlel•8 Totsl Group Cost I d••m•d eo81 As at 1 Aprf 2022 as restd Addib"ons R8classthcat Disposals Al 31 March 2023 3.452.958 1.657.491 820.342 513.779 1.020.309 45.051 1513.7791 11.09S1 s.486 37.Q)7 6.167.765 865.393 {1.0951 7.032.C64 3.452.958 2.991.612 37,7 D•pMelatlon As al 1 April 2022 05 reslated Charge lor penod On disposals At 31 March X123 2(.343 90.838 368.439 359,192 83.207 37.7 970,981 174.045 456 1.144.569 297.180 368.439 441.943 37,007 Net book Al 31 Maich 2023 3.155.777 2.623.173 108.543 5.887.495 At 31 IAorth 2022 as reslaled 3246.815 1.289.052 661.117 5.1%.784 Induded tn ld and b4N"Idir8s Is fr00td knd at a valu• of £837,9CiJ. Land ts not dwets"a. F•xlum. otsr Vehkl•s T•tal Lnd and Impro¥•m•nts bu19$ to bu¥dlngS •9ulpm•nt & refitl •as•ts Charfty Cosl I deemed ¢osi As ai 1 April 2022 a$ rest•1 AddiDons Re¢l#ssificati¢n Dispo$a15 At 31 Marth 2023 2.802.137 1.657.4 820.342 513.779 944.165 45.051 1513.7791 11.095 474.342 37.007 5.440,799 865.393 11.095 6.305,098 2.802.137 2.991.611 37.007 Oepfe¢l•llon As at 1 Apnl 2022 as restated Char9e for period On dtsposals At 31 M¥¢h 2023 553.165 81.727 303.694 76.980 37 (J7 893,866 158.707 456 1.052.116 634.892 380.218 37,007 N•t book ¥alu•s Al 31 Mwch 2023 2.167.244 2.991.611 94,124 S,2S2,982 At 31 M#r¢h 2022 as feststed 2.248.972 1.657.490 640.471 4.546.933 IndUd in14nd and bil¢*r¥J$ 16 freehold land al a value of £837.9Th). LaThJ is dopiecial8d. -25-
INSPIRE COMMUNITI TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AIARCH 2023 12 FLYED ASSET INVESTIAEP¥ts Shares In •ub•ldlary und•rtaking Total Group Yo9 011 Nyil 2022 at 31 •lar¢h 2f23 Hlstorfcal cost At 31 March 2023 At 31 March 2022 Chavlty Market V81ue al l Aprl 2022 and at 31 March 2023 1.070.1fMJ 1,070,100 At 31 March 2023 1,070,1CII 1.070,100 At 31 March 2022 1.070.100 1.070,100 Shr•s in Su1d1•ry undertakln 100% of 1LYJ share Capital ol £1 each in PaedThre Lkl 100% of 100 Sha caW of Blossoms Cr• Home Lwnrted. Tr charty the SU"$yry on 15 NoNthr 2019 for • ¢ons#leroh 01£1.070.IXK+. Holdings of morn Imn Thg tharity holds rn0 ihw 20% tsf 5h•re oftr lolcrt&irYJ company." Proportlon ol vollng rlghts and ordlnary •har• caplt•l Principal a¢tl Day care centre and medical care to the elderfy an(1 di$abled people of th• ccfflrnunrty Country ol r•g15tration or IorporalI0 Er4Jland anLI Wa$ Subsldlary undertaklng Insprre Medrare Ltd 1CO% Blossoms Care Home Ltd Eno and W 100% Care lft
INSPIRE COMMUNITY TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 IdARCH 2023 12 FLYEO ASSET WVEsIMeiiTS The prineipal actNty ol knswe melk kn"rNled * tPe prwiwn of o d•y care c4ntre an¢9 medKal co lo tr elderty and diSaad peop of the comnnIty T bnI 15 meagjred at cost Itss inyairrrnt on the ba Ihai Ihèy mpre5ent shares m en11$ Ihai ar• nol pubhdy tr•J8d and the fa vatue ¢onnot ot$t t measured rn1b. Tts Iroding resutts of Inwre WKore Lirrwted for Ihe yeareThled 31 March 2023 •r• a$ foll3.. 2022 Tumrv¢r Other operating Admffjistration vjsls Oper8tiryJ surpbjs lor the CorpoTatw lax D¢lnbu¢n$ to pafil ¢hanty urthr9ift ail Relained 5urpbJ5 lor the ye•r 2,616.625 2.953,847 969 2,914.8291 52.987 12,545.620 71.CQ5 I10.8) 135.132 25.805 52.987 The assets •ftd IwNils of th subsidwry •t 31 Mafth 2023we'. CUent assets Curreni habilits Aggre9ate $hare witsl •nd resepS 1.379.092 1265.C68 114.024 822.612 734.393 88.219 Share ¢4ptsl ofrt afvj loss wse 1C 113.924 114.024 100 88.119 88,219 The princi>al actmty ol BtosSCffi Cwt LwnAed 15 ol a investsnent 1$ me•suved •1 co$t kns impairmtnl on the basi5 that tw repwnt sharns in eAb"¢$ that ale [• pUblY traded and Ihe fair ¥alu¢ ¢annol othemise be measwed iehabty. The tr•dity rrSLdt5 ts1 C•Te year eThJed 31 March 2023 are as folows." 2023 2022 Turnovef Olher operalmg Krne Cosl of Sales Admini$tr8lion ¢osts OFef81iry surp5 fpi Ihe Corporaiion lax Dislnbuliohs to partnt tharity uryjergrfl OKI Retsined IdafKitI foi Ihe 772.055 513.019 20.871 122.8481 601.007 190.7651 141.455 777.363 146.7631 15.911 3Q.852 190.7651 The assets and li•bls of Iht $thwJ•ry •t 31 2023 re'. Fixed assets Cyrnt assets Cur¥gnt li8bilitse5 4gregate shate cawi artd res•rN*$ 634.510 1.090.462 1.870.109 145.1371 649.848 637.548 1.408.857) 1121,4611 sha upilal Praffl and los$ ieserve 100 145,237 145,1371 100 121.561 121.461 -27-
INSPIRE COMPAUNrrf TRUST PIOTES TO THE ACCOUPllS FOR THE YEAR ENDED 31 AIARCH 2023 13 STOCKS Grwp 2023 Chlrity 2023 2022 2022 F¥ii6h•d 9oods 94.841 97.528 94.841 97.S28 14 DEBYORS Gmup 2023 Ch•Trty 2023 2022 2022 Ti•le debto Olhef debl¢ys Amounls due Irom subdtyry undertakw Piepayrrnts sn¢ acu inc<Mne 1.20.320 1.246.031 225.401 437.283 408.396 1.167.834 57.238 2.070.7S1 821,103 106.131 858,671 60,909 1.846.814 145.344 1.574,060 61.931 1.533.363 15 CREDtWORS: AhlOUNTS FALUNG DUE WITHIN ONE YE Gmup 2023 Ch•rfty 202) 2022 2022 a rn•latyd 6.745 tst•d 6,745 Bank overdtaft oun1$ to $thlary und•rt¥¢in9 ¢¥tal grant Tfade ¢dOr5 T8xes and sècurity ¢osts Oihei crèditois cruals 15,380 15.380 665.102 1.OCKI 177.566 28.276 62.869 288.929 1.239.123 1.0 497.694 78.751 291.943 79.505 955.638 179.?48 33.19) 276.737 398.461 904.017 497,694 64.822 88.269 38,904 697,434 16 CREDITORS: AMOUNTS FG Due AnER MORE ThAN ONE YER Gra 2023 Ch•rbty 20Z3 22 2022 0in•l granl 50,L))O 50.000 Giant release(I brrJght lorard Gianl release Revaluation of fixed asse1$ trld under wants {10.6781 11.000 11.678 19.6781 11,( 10.678 110.6781 11,OCO 11.678 19.6781 11.000 110,678 Capbtal glont 38.322 39.322 38.322 39.322 GMIIP 2023 chaiity 2022 2022 2022 Dèbt due in yèai ow kss In more than one yèar but not [re than years 37.322 38,322 38.322 39.322 37.322 38.322 38.322 39.322 Previously c¥ital gra5 recéived w•r• nelled off the c05t of housiry properti85 in the 8aLqrKe $It aTrJ depre¢ialion was apph.ed to Ihe net cost Under FRS102. housing properts are $iaied 9ros$ and depr•¢iattan $ applied lo the 9ros$ ¢osl The ¢8wtsl 9rnnts rec¢id are included D) crtdrttys •NJ are amorili50d over the same ptrriod OV•f which the $trL¢lt¥e ol housiw woperts dtprwated. The gr8Trt is payab Indefinitety and is repayabl• in the •vent that the pryty hafi8d back lo Ihe donor or Ih• u6age of th¢ butdbfig sperified by the ¢S)nor in the 9rant contr¥1 loryer mel Tr* ¢onlingent haty.hty fv119ranl r6 £50.0. -28-
INSPIRE COMMUNITY TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 IIARCH2023 17 PENS1014 AND OTTrER POST41ETIREMEKf BEMENT COAIIAITMENTS Tht Tntsf$ Émploy l>elorw to the frAlwn9 Fen5vJn scheme5.: ihe NHS Pension Schthn• and th• Local Govemrnent Pension Scherne ILGPS), whth is managed by LoThJon Borough of 8èxtèy. Both are muFtiernpl Ilefined bènefit scknern#s. In addrfion. ts Trust (yrates a defined contrtijhon st8kehc4der schem¢ and contribut• into pwsonal ftS1 sclthm•s. pengon costs ar• ass•ssod in ac&irdaneo fmth •¥rrt of iThJepeThnl qu¥lffied actU8ries. The latest actuarial v•luotion of ts NHS Pen5wJn r•latsd to th• PW0d•nd 31 2(rko, and that of thfr LGPS related to penod •Thled 31 Morch 2022. In FebTuary 2025. the Trust %Yas athnitted inttTr the LGPS to accornmodai• staff prewousty 8mr4tsyed by London Borough of eexlèy b•iNJ transferrèd to the Trust under TUPE provisions. The LGPS tr•nsf•rred the MOyeeS to the Trusl on 1 March 2CQ5 and a further grM of staff in Auwsi 2010 vtsn the 1ftrated Communty Equipment SeTrice translened. The minimum f¢YrthK¥n r•i¢s ftsr the year 21.1%. Under the terms of the ftew blod( ¢ontract with the Loftd Borwgh of Bexy. thicti cfjrnm•r£•d on 1 S•pt•mbsr 2016. the Tr1 raco¥ets all but 6% Dfth• EnWoye¢$ ¢ontybuty"on. In April 2011, th• Trust bècame o th"rrtt"on EmF4oyer fix the NHS PeThs S¢lEme staff were transferrnd under TUPE provision$ fr(xn South LoThJon H6aNhcwe NHS TnL%t operate Wheelchair SeNce. The •mploy•fs conln"bub"ons r• P3h1 rnte of 14.4%. Under the tgTm$ of the bb( contract the London Borough of Bexdey. commenced on 1 Sepmb•r 2016. TnpJt re¢o¥rs oll but 6% of the Employers c¥JntitJution. In DecÈnknèr 2019. the Try1 0150 toc4( on 14HS 5tsff tsnslerred under TUPE Prov1C5 from OAleas NHS FO¥1¥{n Tnjst a#dit apy0 as a DK•cbM EnWoy•r lof thgs• slaff. NHS Penslon Schem• troduetion Past and pnI empk>ys arE U)¥wed by the Wol0nS ol the NHS Pens)n schern. Detai of Il benef payable and rtsles ol tho s¢homes can b• found on thè NHS P•nsTrons knite at M.h$b$a.nh9.uWp?nsiOTrs. Bglh Ihe 199512008 and 2015 $thern arg accounted for. scheme lkits.lty value<J, as a sirKJbè ecffibined scheme. Both are unfvnded defw)ed berfrt schemes that CO NHS 8mF4wts. GP pra¢bce5 and other bodies.
llow under th• direc*on of the Sgcrolary of Stsle for Heatth SLYial ca in Er9land and Walès. 7hay are
not destgned to be run in a WAY Ihat wtyjld nab NHS bodiès to th•"r Share of Ih? undertying scheme a55ets and lilIe5. Theveft>re. eath %heme is accounte(I for 85 rf rt a define¢J conlDbvtion scheme". the cost to the NHS body ol partiopaliry in Oach schemè is takèn as equal to the contribultons payable to thal 9me accourtir9 p. In or(ler that defined tenefrt cèw'ons recwtsed in the finarAI statements do not drffar materially from those thai be detemiined ai the reportirvj date by a fornal 4cluarial valuatw)n. the FReM requires that Ih• period betsn frymal valuations sham be fwr years. wjlh approximate 4ss8ssm•nts in InieNentng years", An outhnè of Ihes• foilowts". AccounllThg valuatlon A valuats.on ofscheme Iiabilty Trs tarr%d oul annUY by $¢hwne edvary Icurrenty ts Go¥emment Actuary's Oeparimentl as at the end of tho reportir¥J penod. This ub"h"ses an actuanal aSs•ssnftI for the previous aOUntIng in wryuncb'on ypdaled mernbershtp and finanaal ¢Jata lor tre curfenl f•pornng poriod. and Is accepted as provhling s18b1Y rcousi fyums for finanu•l reporting purpos•s. Thè valuatw of the scheme IK9bility Ès at 31 March 2023, ts based Dn valuatK>n dala as 31 March 2022. updated to 31 Mèrch 2023 wrth $umrnary l¢2bg1 memt4r and 8¢¢tIng doia. In undertaking thy6 actuali31 35se$smont. the motl)odology presuibed in IAS 19. To¥8 FReM intewpietstions. ar th8 discount ratè pr•scribed by HM Treasury have also been -29-
INSPIRE COMMUNITY TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023 17 PENSION AND OTHER POST41ETIREMENT OENEFIT COlATIA£11Ts {C•niiny•dl NHS P•nalon Schem• (¢wiliny•dl The latesl 8ssessment ol the I"atr"lits of Ihe sdm• is cont in t r•pthl of th• sclme oduary. form5 Part DI the annual NHS Pwon Scheme Accounts. These Kcwnts can te tt NHS Pensions websile and a pubh"she(l arally. Cops can also bo obiaAW from Tl ststiowy olf¢. Full •¢tu•ri•l (fundlng) v•lvallon The purpose ol this valuaihirt ts to ass•ss thè t¥ of h8bthty Ni rnsp¢d of tt befits du Ller Ihe scPmes (taking into a¢c¢unl recent dryraphic eyriencel. ar#J to recommèAd cA{nAlon rnt&s payable by 10Y&5 and Implo[$. Th• lat•st actuarial valuation vnd•rtak•n lor the NHS Pertsion Scherne was compfeted a5 al 31 March 2020. resuhs of this valualion Set the emF4oyer COntr"0n fale paythe Irom Apnl 2024. The Department ol Health and S¢xial Care has r8cènly laNJ Schèmè RegulaW"ons nfinIng employer ntribUtion rate wll increase to 23.7% of pensionable pay frryn 1 Wi'l 2024 lpr8Nryofy 20.6%). Th• cwe cost c• cost ol th• seh•m• w•$ calculat•d to be cAJtsJ8 of thè 3% eosi Cap cgyrthr as al 31 Mar¢h 2020. Hcthpvti. wh¢n th? wder economic silvation was laken inlo account Ihrty4h ecortsmic cost cap cost ol the s{4me. the cost cap ¢omdor not similarfy br•ath•d. As a rB$tht. t[+ wa5 Thj irrpact on thè membér bon•fft $tructur• ty conlrilJJlion rate5. Under Ihe dèfilmi1 FRS 102, the NHS Pension SdTre 15 an Wunded rTrjKtimploYer Fensw)n scheme. The Trust has acctsjnled for its conirtxrtth5 to the schtmè a5 il rt wertr a d•fintd conln'lwlion scheme. The Twsl ha$ s•t out ¥bov¥ the infwmati(m Wdilable the scheme. p0ft c0nthb"OnS aMOunj tr t57412022.. £1.850} we unpaKI to the NHS PensiDn Scheme at 31 March 2023. Lgndon B•roW of Boxky Pension Fund Thè LGPS is a lunded defined b•nefil nsIOn scherne. the a55ets held in 5•parnte irv5tee-admini51ered lunds. The to contTknution madÈ for the year e1 31 March 2023 was £53.535 12022.. £75.111. 01 whth empkyef s uthbutions totslled £40.879 {2022". £56.383) and èmr4oytes' contributh)ns totalkd £12,65612022.' £16.7281. The employer'5 n1UlnS ore effectety shovm as a gain on the LGPS asset. in ¢he absence ol lull disclosure ol the LGS asS•VItA"lfy. The wmary contribution rat• hjlwe years art 21.1% lfrom 1 P¥ril 20221 Ih•n increasing to 24.1% (fvorn 1 April 20231 row ernployer5 5.5% to 12.5% lor employees. also a secondary ¢ontribution rate due to the Trusfs share ol the LGPS beirvJ svrplus thtl) amounts to-21 1% Ifrtyn 1 April 20221 and-24 1% lfrom 1 April 20231. Penon contnbub.ons amn. to £893 I2". £1.2001 *re Trid to fv Lond¢)n 8wough of 8extey Pension Fund a131 March 2023. As dstsiw in Ihe Art Report on pw 9 Iho Trusl as not Obtai(1 • LGPS FRS102 tion lor Ihe y•8r eThJed 31 March 2023 an(1 therefore fill th"sclosufe of FRS102 aCeOUftliro requirnm8nts has not been possible.
INSPIRE COMMUNiff TRiIST NOTES TO THE ACCOUI FOR THE YEAR EIIDED 31 MARCH 2023 17 PENSION ANO oniER POST-REfiREMEIIT BENEFIT coMMifMENTS {C¢)ntlnwdl The Twst has stff •th ¢nffjNed. as •ppmwiate. into the Goveffrthfs NEST sch¢me. Thè TnMI conlraJute$ up t¢ 6% lor •mptyÈs from th8 •IO and Ihose havir#J a permanent contyaol 85 al Juty 2014 •nd VA for nEW post 2014. aff he cpted 01th• •bove ¥hen •rd some a ineknJl>lE due to the level of lemun8l•n. In Febru 2020 Tnty¢ look 04r u)rtatn ser¥Kts fivrn Wx aNI 23 &tff re TUPEd O¥¢f. TPse sl•tt •r• 2023 2022 contribullo paydble tytht rArynyf•r Iha >wr 25.477 23,893 Pens•)n CQDtiibutws •rnourtry to£S.49512022.. £11.2051 unp•A$ 10 the staknhoklew sthernes at 31 ltsrch 2023. 16 COMPAIIY STATUS The charty i& •cornpany byguaran. kn •oWt rf a the liabof•ath mwnb8r not £1. 1• AESTRIC7ED FUNDS The inc4me furth of chafy inLle rnstr•d fvfth Ih• follty w¢xp•rthd b•krus of donth.ons and grnnts held ort trustlor purposes: Trnn•fn ltwwn Bal•nc• at 31 lund h 2023 Bno •t1 AP 20 CURRENT YEAR Day aNI E•n¥orysupF•d 56.554 56.554 Trnnshrn llw•en Balance at 31 fvnd$ March 2022 Balan¢¢ •t i April 2021 COIAPARATIVE YEAR D4y s•Thtis a1 s¢wYy $ypport .554 56.554 Doy 8•nsorysur•o fyi¢¢$ Fund5 rncei¥ed speufalf lor d•y sr¥i¢*s l•#i¥bts$ transpttrtl and senslyy pport 8er¥iees. 31
INSPIRE COMMUNITY TRUST MOTES TO THE ACCOUNTS R)R ThE YEAR ENDED 31 MARCII 2023 20 OESJGNATEO FUNDS T income fund5 01 the group i1Je the folw.wa <natad fiHKl8 t#hKth beon Sot a$ide oyl of uN•stitt•d lunds by IWSl8es for sptitsk purposes.. Balanc• af N•w l)•$•Bnati¢¥ TAnBlernl 8ahnc• at 31 l 2022 alAllIOns fele•se Galns •h 2023 GROUP. CURREIITYE•AI 8usirM devebpme Fixtd a$sel fund LIWJidalions fund 20,617 20.617 6.064.921 100.C)O 6.185,538 6,W.¥21 1ty),000 120,617 6.C64,921 Il•w D•slgn•llows Tra11$1 Bakn¢• •t J1 GROUP. c(WTivE YEAR 1 Awil 2021 den•llM• r•l¢a•ed G•ln• March 2022 BudIng mwnknanl and de¥ek>pmnt Business de¥elopffent SeNice developnnt DAap¥Jètson6 lund 389,9 Xl.617 87.ClJO 100.C 596.706 I389,9) 20.617 I87.0? 100.(0 120.617 1476.0891 Balafie• at I N•w O•%ignalion8 Apr4 2022 d•80gMIioRJ r•l•a8•d Ttnler•l B•l•nce at 31 G•ln• Pl•reh 2023 CHARITY. CURRENT YEAR BUS¥$6 de¥fopffeM Fwed o$sel fund 20.617 20.617 6.323.082 100.000 6.443.699 6.323.082 100.1))O 120.617 6.323,082 Baknu at 1 N•w D•$Syn•rn Trnmiltrnl Balan¢• 41 31 ¢HARifi. COMPARATIVE YEJI 3021 d•si•n•liofis Galths hlarth 2022 Buikjiry m?inlenarw •nd development eu$m•$s dè¥lopftni Selvice deb>pt 0pIli0nS fur 389.089 20.617 87.CKJO 100.000 596,706 {389.(1891 20,617 I87.1•) 100.000 120.617 1476.Q891 BuiSYiny maintenarKe •nd deloprn1 8uswi•ss d•¥elopmènl Service devebpmeTrt Dilapidath"ofis fur de¥elopment and puicha5• of busw55 pwerT5es lor sust•M4bilty of Ihe busines5. and maik•twvJ d exi8b.rs andl¢f new s•ryKtt. pnmift9 ne4V seThTi¢eS for future sust•in•blty ol ItK• ty9•ni5atI. Repairs fgquired lo preriws aThJ should tre contract c•a5e or our seoa PToperts a haNled b•¢k k* the lessor. nl$ the nel book of fixed assels h•ld of any a86oc&4tod Fixed a66et fund
INSPIRE COMPWNITY TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023 21 ANLYSIS OF WET ASSETS BETWEEhl FLINDS Ufyr•stricl•d DBsignated lQ•strl¢t•d luftds funds funds Totsl GROUP CURRENT YEAR Fd balIn$ at 31 M•rch 2023 are repre8end by: Intsngible fixed assets Tangble red ossets Investments Cutyent ass•ts Credrtors.. 3rrrt)unt dL witth J%ar Citdil¢Jfs." 8)UnI llityJ ¢Jue •ftermofe than ¢x y•w D8'ned benefrt Pens 177.426 S,867.495 177.426 5.887.495 3.625,627) J4.0171 137.3221 6.185.538 56.5Y 2.616.465 1904,0171 137,3221 OhTrARATNE YEAR iINMth¢l•d D••l9nai•d R••trl¢t•d fund lund• Fund bne•s * 31 March ?)# •re wr•senied ty. Inlan9I0l• fty•d amets Tangib [ed assets Investmènis Current assets Credrtors.. amount fdling due within aT cr$ amtsunt l•UNw due aftw more than ane Defined btnefil pens X.997 5.196,780 206.997 5.196.780 3270.562 1955.6381 138.3221 120.617 56.554 3.447.733 1955.6381 138.3221 CHAR ALYSIS OF NET ASSETS BETWEEN FUIKIS 1knrn8trict•d De•ignaled Reslrlct•d fvnts funds Ivnd$ Total CURREIIT YEI Fund balances at 31 Mèrch 2023 are re$t6 by". TaDgibk fixed assets Investrnenls cur1 assets Creddors. arnounl f811ry due wilhm one yea Creddors.. arnount fallwvJ due after rnor• Ihan one year Delined beThefil pensK 5.252.982 1,070.1 6.443.699 5.252.982 2.140.200 2.977.529 11.239.123) 137,3221 1.070.1CKI 13.522.724) {1.239.1231 137.3221 56.554 13.729.C691 .766.781 56.554 9.094.266 COMPARATIVE YEAR Unmtsi¢t•d D19n•t• Re1¢1¢ lunds lund¥ fithd• Fund balances at 31 March 2022 are rewesenred by". Taryible ffixed assets Inve5trnenl$ Cutrèni asstls Creditors" arnow falSn9 due ¥MthNI one Jpar Crédilors". amomt fal9 ¢Yue •fter more Ihan one ¥1 D•kn•d benefft pensvjn 4.546.933 1.070.100 3.278.$88 1697.4341 13B.3221 4.516.933 1.070.IC<) 56.554 3,455,759 1697,4341 138.3221 120.617 8.159.e65 120.617 5G.554
INSPIRE C¢)MMuhif( TRUST
NOTES TO TME ACCOUtITS
FOR ThIE YEAR ENDED 31 MARCH 2023
22 RECOIIGILIATIOW OF 14ET EXPENDIFURE TO NET CASHFLQIIFROII OPEIIATING ACTMTES
23
2022
Net 1¢xpendilu¥eKirFrrn fcr 81
Interest and IN$1M0 inwme rnu6v•bfe
Dtprtwts"on ollangiblo fwd assets
Arnoitis•iion of 9ood
Loss On dispoaal olfL¥•d 88WS
08cyease fft 8iod
lknueasel in
•nLyeaWldecreas¢l in (¥edlor5
N•tSh Ilow Irom operkng oclr4frt
1117.503}
112.171
11.3761
160.451
29,571
174.045
29.571
639
2,687
(40.6971
1.262
19.621
21.447
1163,6431
165.931
16.846
N•n
INSPIRE COMMUNTfi TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 aiARCH 2023 27 PRIOR YEAR AOJUSTMENTS 014pt-21 31-Il•r-22 Adjusimer+ts lo prr ar lor ¥ehido6 In¢orredty C4Pthd Depre¢4• oveTpfovKld As$¢ts under nStrU&n i1• $ flwe6 8NI frfiwy d¢pweu•td cre(titN OV8rstated Duplcat¢d in¢m •nd dupk4ted Irad• d•t4Df5 O¥ernaie¢l goottml O¥etstated amort¢sation on goothl Equity as y¢wwslywori¢d Equty as adjusled 134.2081 134.2081 14.353 133,248 55.524 1222.8091 (134,273) 40.281 0.005.434 7.857.550 22.809 1131.2731 26.854 8.109.815 7.745.379 Antysh dth••ff•¢t UP •quy R•r•nuhèbon olchag8s in 5UTrIuotfi lorlhtpre¥M>us %n¥wl 2022 Total •dju$imort8 L0$5 a5 previou5ty iepurted Surp5 85 adju51ed 243.406 104.381 139.Q25 No1•6 t• th• F•¢tyi¢• Ilotot ¥vhicl•s Inerntly capllaU&•d and d•prn¢l41kn 019¥1¢ K4)ir ¥ehides that %re on hi HKtyredy cawta115ed and IherelofE dtweri•te¢. Assets uMl•r ¢0nth¢1lM Incorrn¢ty IludI •$ and ffttlng5 and thpre¢i Assets wyre incorrectly included as fixtures and rrttsngs tknith property irf4)rov¢rrnts. In adllilion they we d¢pieua18d befowe the trS w¢re ¢fynplei•d •ThJ asset irio VS. Penslon ¢Y¢diior ow•rntat•d The penSn creditor * 31 Ilarch 2023 was indthd 4 a valu¢ prw tts a bale on see•Y contributions. Duplicat•d Inc•ffl •nd duplleai•d trnd• d•btOWS Invoices raised in 2021 re effxtryety dupli¢ot¢d and thernlore rededlo be reved. GoothMII on consolidation Goo11¢ acouired on n$•lidatft was iK•rre¢l as tre rtseryes on awuiwtw wre used. IS o¥rstaiing goo(tAL -35-