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¢$' Report Inde￿ndent A￿lit￿5. Report 9.12 co￿0￿jaItI Statemtnl ol Financial Ath"Mlres 13-14 Balance Sheets 15-16 Consolidated Cashffow Slatement 17 Noles to the Consolidat•d Accourt5 18.35 INSPIRE COMMUNITY TRUST LEGAL AND AI)MINISTRATIVE DETAILS Tr￿t•*5 Ranjit 8h•mra (Chawl Hugh thllÈr ￿￿8$uler) nod Khanna (Chiel EmCuti￿1 Annè 6ram S•cTrtary 'nod I￿￿nn3 Key Alanao•m•nl P•nonMI nod Khan Chadty N¢wnb•¢ 1107820 Company Nwnb•r 296168 R•gl•l•red ollk• 1W136 Ala*l$tyie Road &Jcup. KwTrt Englwd DA14 5HS Ind•p•nd•tht Audilor• First Floor. H 1 M•thkn• RrAd &dcup DA14 SRH Bank• Natsonal Wesknwtster Bank Bexleyheath DA6 7JG Sollcllors Cnpps Hary*s ￿11 LLP Walls•Jo House 12 Ephram R¢)•J Tunbrw>Je Wells Kènt TNI IEG INSPIRE COMMUNITY TRUST TRUSTEES. REPORT FOR THE YEAR EPIDED 31 MARCH 2023 The Tw8tees wesent here*th their rep￿ the eon8ohJated finaw* ￿￿teMentS for Ihe ￿ar eThled 31 March 2023. T Trustees have adopied IhÈ al the &atemenl ol Recoffffjen¢led Pr6￿￿ ISORP) "At£ouW aThl Reporting ty Chairt*$" IFRS 1￿) in w¢p￿r￿j OMu* ￿Port 5tsteinenis ofthe The ¢￿￿¢41d•18d slaterents halt beert wep•red th •G¢rrf4r￿¢ tt* •¢c•urfry pths sei r￿leS lo the arMunt5 and compty the d￿1￿5 g¢)¥enM¥ dvwnent. the Cfvrte5 Acl 2011 irKI RepDth9 by charl￿15.. SlalemEnt of Recrrfrrf￿thd appk•blE lo rhorit￿$ PYEpawing JGcounts in •¢￿Id•ne¢ wilh Fina￿￿1 Reporfuw S14ndaid kel¥KI Odobv 2019. ObJ•ctl¥•s and •¢tl¥ltlos ThE obJ'eL*wes lor the Twsl estyblthd we the rtlrl rf peFsty* pemb#￿ re5hJent. ly lor Ihe tym• residerf in EryJFaThJ. Wo we ol cirwrrftsnce5. IrDm. •rÈ ￿c￿ring or c4rN•bExxry from some plry¥"cal or rnentsl ilness or thsabd" ity, u are peoF4e. or 4r• yourv4¢r *1￿*5(¢n￿or dkn". Ck¥ Strategic Obpdiwes to.. be Ihe pro¥pJer of ¢hoKe be i èrtat C4)rn￿rry io for improTroe our fi￿￿¢181 styer4lh 108K¥re has Conti￿ to develop ar•1 a rarye of ar￿dI￿ 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 Eq￿p￿nI ￿￿ES? Pressure Re￿¢¥￿ eguipn*nt Equiprnenl Demonstralion. lry 18w<- S￿￿On5- Eqwr*rt *KI Shop h S•J¢up Hwjh Stre InlormatioTh and Advice TF•n5POrt M¥ic* and lnfvlr￿￿ B•*¢. Frn¢dom Pass. Tax*ard> Physteal Disabiffity R¢g*tratsn Sensory Suppjrf for People *ilh F*ariry SW tlilkth*s WP*elthair Re51denl+¥l Care for *ilh knenli C¢thmynty-ty•sed St￿7¢¢$ su¢h ès ¢*￿A¢[ A$8es8mert8. less e(￿￿xe￿ie￿ a55essmenls and case re¥*¥* elc. Public b•nrf* s¢•l•ffl•nl Under Ihe ChariO"es Aci 2011. ch¥rt*s are req￿￿ 10 demrnslraie thai I￿11 are l(xlJLe pU￿C berefrf. The key prinupk5 vthich ftMJsi be mel ￿ Ihi5 c¢Nilex are. fif5ty. Ihal there musl be an benefrf or benefAs.' and. second￿, Ihal the benefn must be lo the publc. or a section ofthe puWK. Charty T￿￿te¢S ffl￿1 err4wr fvl Ihey cairy wl Ihtir charity's aim5 IOT Ihe P￿lIC b￿fil. must have ie98rd to Ihe Ch• Cornrnwwt's gwd*no aThJ m￿1 on publi¢ berfil sn Ihe¥AnnuJl Report. spire's Board ol Trnslees rewlarfy nkir¥lor arwj tt* siKrtss ollhÈ wJ*nisalh* in m¢*tir4 its m￿Th. v•1￿$ #no obiedi¥e$ are supporte(I by the bu5ire55 rAan. Inspire's mi$sion 1510 pfftrslMp*ilh c￿mIni￿$ k+ehable. arrtl ethance Ihe of c4der people and peopk 11 aims ia Piomole independence Iw ¢*Jei peoplè a￿1 Feot4e d￿ab￿*S.. Encowage Ihern to lth conlrd oflhwkn". and Support Ihem, *t*n rtguved. 10 meet ind￿u81 ￿ed8. INSPIRE COMMUNifY TrUST TRUSTEES, REPORT {CONTINUEDI FOR niE YEAR EIIOED 31 MAIICH 2023 Pybfie b•n•fit ¥ts¢•v*nt l¢onbA¥•dJ 11 achie¥¢s 115 aims by". Piovidiw •Mide r*v4e ol seMc*s offv in p•￿5￿ peop* have thatslht8s, h)cal . and provid%￿ thoices". RecognbsiTr9 Ihe irycthnce ol uJKurl 4*4vsty'. Raisiry aware￿¥% womolry 5Lxial Invt51in9 in $18n 10 ￿e￿10P Il*ir 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 revke*ity tts FO￿da￿S (*•es afyj ￿tUre 0o•bl•d •fflploy••¥ ITr5￿￿ is committed lo equikty of empknwwil •￿1 bls refku o Ihal. Wt*ré 8ppr(¥sria* p0$5** * seek lo employ peoFAv dis*bkn"e$ ¥ThY make positr￿ lo peo￿T￿￿￿"S￿￿tie5 ean urryout thw"r diths. V•lynt•• Sin¢e il es¢ablvdhment kn 2004 SeThI￿ us¢rn have been fornmth to bt￿rI from 5upporled our aer¥iLY$. unlortun0le￿y. lo Ihe Co4id 19 Prtmic Vr)l￿teÈts Y￿e wmble wderf*e v¢4unteering betiv￿&S •)d noi ieiurr*d éuÈ 10 changes in theff peisonal cirf&Mn$tsnce8 H￿￿r. its *wk i*Jsety the 8ex* V•ltsntary Fundra181ng &"r￿e ts ¢$i•bk"shir*rt ￿ 2fN. Inwre's m*th s•xct 01￿m￿ Iws be•i LocalMl￿rti￿ •nd the NHS bodies. In addibgn, Ihe 7ft￿ Atsts gewrales purd*ses ty the 90Or¢$ and prwate ¢xotryner5 usry Iheir lh.rrfi Poyrnerf FLmdirv4 k￿￿ a￿j treirwiv•k fvnds. Il•vi•w olth• y•4r Irwiire has tonlinutd ts fol￿￿￿ aclion r4an. devekynerts. a5 aweed VAth Ihe Cth*ftw5sionn9 bod*s and in •GtWdance Wlh its busir*3s The acticffi *8s bpen r[￿)n￿O￿￿ and kept y￿er Miiew thrtyJ9h weyular meeting$ ¥ilh InspKe 51aff and Ihp bod￿ ind Ihe Boafd of T[￿lee5. Qkw*ty •¢h*¥wrnnts tr*5 ￿•r ha¥* ￿**led.. Delivered seThices in a¢¢trdar￿*￿h Comm￿l￿rS. Re¥iev*d po&ti¢s and procedurts *ith the vrèwto efverths *n4 effedweness olser¥Kes. Dewlopedlenhanced partWSThp wthirvj the W ¥o￿ni￿ 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 W**ker5 %￿lhi￿ ihe C¥jw￿Tr aTrJ Trusted Pthrs Ihrowjh the S￿ry SeNice. enjlkng sirong¢r skills for kvel equymem asses$ff*nls RdDc41ioTr ollhe Cuncèssw Tia￿ *am to the Styi H￿h sh*el Opiim# Park drfapM1abon comF4eied am t•am$ rno*d 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. F￿lS •ndFigures." Cornmurily equiwenl Sefy**- 41.094 8C*¥il*s eq¥otirg 10 5.394 O%W ￿e5￿. a 15% IrKre8se in at￿lty.. Presswe Rdev¥¥J Equipmenl- Wthin I￿eSh￿S 41 1.950 2022.2023. Aver•9e 0196¢A ul am Ph￿ cal￿ ¥As￿re4 *ih"n 3 rw for seNw' 0￿eSs*Drwry Tra￿￿ SeNK*S . 5.313 r•cevrtd e4u•tirwJ th 013 ap￿￿11￿& w i•gei. to 18% tyver thr•8hold lor Blue B*dg¢ 8pWi￿lItrfvS. 372 Relerr81s afid al tr•nry compth fw the S¢nw se￿e. 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* ¥o*Jry*s bs Wodwed on 8 b•$is wpar*ion lor qu•rterfy contrad n￿nIt￿m¥ meetir¥s i*ih cornnwssp*riithJws ofgervic*s. Trisd•ts ¥ atso i¢ptyw al 801￿ vi*eirys. INSP*É WAMUI4TY TRLLST TRUSTEES. REPORT ICONTINUEDI FOR nlE YEARENDED 31 MARCH 2023 The Tru$1 h•$ rob￿1 a55urantt sJslem5 in plo¢e. 5POt checks 4)Jstomer 8atislFdirn ¥w moni1oni¥d vorty •nd mee*¥5 bymith Commi￿1￿r*s1 kndÈts Ofst￿ dNi(h*l t*ent revie￿ undertaken ty Inspwe C•mrMW Trust #all S¢M¢• U5¢f5. leedbac* from Serri￿ users and 011￿ Stake￿Idern at regAv foftffls A￿111 and revwofatht Inspire ha5 iDvesled in two ¥vb5bJi8rie$. rnmety In5PiE Medic4Te Lld and Bk)sscffi5 Care Home Ltd. Serrir*s pro¥Tded by bolh Ihex sub5¥Jiaries fa15 ￿%￿re'S MemorandLwn of *JtK*s •d A55W*l#th. I￿pire Medicare. re9iStered as Sp￿ Communty Enterp￿ Ud. tharyed rfs namp lo Iryre in Fe￿￿Ory 2020. *then In&pre look over thp Ioc81 operation of one ol its sth(rtradors- MedKal Lld fov Il* prDVi5W d arxl Sor4￿ ure eq￿E*r￿At for people in need As re9ard5 eks50m5 Care H&¥￿ Ltd. Iw4re argwttl a rE5¥Jenth41 we fpr people dementia in order lo dNetyfy Is bLtsine5s ac11￿ty. In5pve Ue¢lirare has dEbt￿o ¥ rwwje of ser¥K•5 8ry1 generaled s*•ty income for lThspire A5 regirds B105s0ms Care Hame Lld. in is ￿ar of operatiCfflS it made 01 £33.944. Unl)rtunalety. due lo th¢ #mpaa ¢1 the cO￿d P•n4JfyynK subw"di•ry thas btén 1tsss¢s. Thts dL* to Ihe ¥ftw*ff•ds of Pandernic. caiw rtuuiimeni diffiwmw. m¥e•kr￿1 rtEdtO lor the l•trAi¢ •1 the prw¢ty rtY•ti%*ty k)w fet ￿Vell. +lo*t¥er, despite lotses. Ihe Trus*es to¢* a sirnte9￿ detisitin to cortirn* swiDrw it •* V4we optirrM51ic Ih•l *ith irwe05wI lee levels and strateg*6 to add￿5$ the staff reuLth￿* and ￿lentloA. and havv#J a Wned appro•¢h tts thE p￿rnises irnprovemenl. thi8 SUbsid￿￿ry shouhj gep*ith 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 Tn￿t. FSn•nthl r•¥l•w Group income IN tt* >vr VAS £4,432,982 12022." £5.141.n61. ev￿re •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 8al*Lt 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 pmpertyt*s 10 run ils 8eNc*s as opwjsed 10 rertry Or ￿¥Sing wDpEty. The Tntsiees. Strategy is 10 I remainm9 an ￿ler8s1-0e8rity in￿an1 acctss accounl as Iw becune $urF4￿ lo the vAifking reguirerr*eni. This aaion has led in ihe pasl lo 8 5ub5taNi81 in(Tra5e in inlere5t Irufft. bjt OLe lo inleresl rales eontinuitvJ 10 be ai an a￿lime low adion w35 taken lo try Iwove inleresl on Ihese re5eryes ty K4¥t51irvJ in A¥e4 term sjeposils. The level #) 2022-2023 was £713.0￿. Thi% i5 rela*￿ty lohv ￿are￿ Imih Ihe p￿￿JuS year5 duE to a svJr¥ficanl ol ￿ ￿seryeS have now been Thesled in the Tntsl 0￿ed woFety. offer opportLty low renta from the k¥operty thal 10 Trusi'$ iequiron*nt for •￿1119 W¥￿5. The Tnjslees ha¥e exarNfied Inswe Commuryty Trust's re4￿meN* A)r reser¥es • the of the prÈd0￿M￿art risk5 10 IhE oyganisaiKJn. h is Ihe Trusiees. ¥i￿tha1 Ihe buldry maintenance and deyeky￿l feser¥e enable to m•ntain e￿￿1ft9 ¢aprtal assets and use n to modemiae p￿rniSes and OeN*lop Iuiure ser¥ices w ¢xdef 10 achteve lh¢ TrLtst's mts$iof* and ry*et Ihe chalenges arisw from the Naknnal loc81 polw deb*hJwDert￿(1W9?s ￿ Ihe ffiehl of Aduft Stiu*l Cire. y￿Se chalenges. in partiDJlar. are n relation ￿ de<¥rNrdss￿r¥rOj ol block Sery1￿ (*thcis by W Avthonli¢$ ar 8oaid ha¥t 4reed to.. buibj and mathiain yr*ral r¢sewvè$ •t • IE¥tI runnDw t￿$ •dequ* red￿mIarY ￿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 e*isl¥¥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 TA￿te5 h•ve I￿rekne deemed Ihbt urrtslrided shtyA1 equate lo 3 monta tyerètlrg vthirh pmounts lo el.1m.7￿ Trusfs ot ￿l￿1￿1ed reserves as * 31 2023 È1.564,252 (2032.. É7.713.831 in(*Jded fixed Is￿lS £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 11rAr￿1 ••iewis. GoSng C•nt•m Thtr Tw51 has a %tralegy lo ensure Ihal I￿e 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 %ubs**8ries twffÈnl day lo day ¥m¥kiry ¥wlal. Any pre55ure5 Caused by delas*d ¢￿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 M￿der rt approwiate 1¢ prtp•r* tr¢ •¢¢cwts on the ¢t**•n ba*5. PrfncSyl and ￿¢•d*h*S Of Tftoth¢s hw$ ¢*n$idtred O* itks 10 ** ewtd to ￿ tenrn of the •PerAth￿l1 gr risks. Change5 in Ihe G0Ven￿￿￿ re9￿1￿ and local ￿￿1 prngrnmrne knr lor￿1 rarè seM¢¢S. fye•ttr eryh•¥s by bcal auljwiiies lor I￿￿llY4 sorial Care Pa￿ aml los6 on frryn b10r& Ctythcts ￿1•pendent w0¥KIe￿. Depend￿ty oh m•ior SQW¢Ws b'rr*d to￿ authth NHS COmn156￿1￿q tty. The endkng ol conirad kn for th¢ Xr¥￿ vAh fv Lvrthn 8wouBh of Bethy arxl NHS c0rrffl1￿wjnin9 bLN4y. Changes in aduh s•¢t￿ c¥• ari%r¥J frc4n local CoLrnTi agu￿8. Lotal •uthorifj¢s' on prooJrHW 5eThity¥ LVK*r "Frn4w•k - ¥PDI Pwdw5*vJ Conlr3L*8" as opposed to 81ock pEfiding imr0du¢i￿ 01th* PwcLY•T*nl Bl f¢w 2024 The hfe5pon of Inswe's cMirarls Nilh eThl dale$ in 2024. Wo￿n9 c4pital ￿￿l￿d lor m•ttfflg Ihr 94P5 in b*rwJ *t4e to make p•Thenb 10 w151￿￿n9 LTrLllors in tho evenl ofany mwr delay in the Inc4)me from Ihe c0trrfMs￿Is ol knwe's s¢rtsi￿. Redundanty ￿her related staff t•si$ frun". ony 5vJnifKart re{lu¢￿￿ in IIKi ending ol fu￿ far part￿Lir agrtemeThts Inrye•ses in Ihe staff and olher iunThThJ co*$ rrtoy n5e pr￿e￿￿ety due lo Il% 09re¢merls *ith staff tr&rtsferTe from Bethy Cound lo the Tru51 and an NHS or9ani5ab.on WKler Trwsler of arnl fvolei*oTh ol EmploymerA ITUPETr reg￿¢11¢n5. 8re3kdow olthe In1￿MatIon 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 rIan￿d rtfwbithmvl *wieh*t)ts. Imp•J 9f fkianci4 Wbslrainls on Ipc•l •uthNii*s. Th¢ CEO alorrfj Ihe m￿gement te•m ¢•ntin￿o 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 t**en to m•n•ge *ht abtht rAks. Ths t• forTrwJL* a li5* managernent $tfate9y a reser¥es po&ty. INSPIRE coMMui4rrf TRUST TRUSTEES. REPORT ICONTINUED) FOR TrIE YEAR EPJDED 31 AWICH 2023 P￿ne1￿1 and unwl•trth• l¢onllnwdl The thaiiws ffinanoal ￿late￿ is tty". Prowde ser¥ryces a$ t￿"¢nIty 8Th1 effeuwety as •TrY costs 1hro￿￿h effi¢¥￿t*S. To ¥pread Ihe ￿*th regarf5 to kndry deveksp4¥J sery*e5 0¥8r the wminu ￿ar5 lo ir**"gale • d1¥wsrf￿11i￿ plan in ordar 10 mair**in 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 d￿aYed cftdits are ffl￿e￿ cash rtseNes. Th¢ noiur¢ of Il* TAts15 KMe5 •ve s￿h Ih&t there can be COr￿￿able yryiTrdiLaalJ• ¥¥ill￿)n 01 ts5h truslees h•* prepared pioJeL#ed cash ffiow infonna*on k* Ihe 31 2023 ano btyorKI. On the ￿818 oltfvse4$h inltym•iiw. the trustees considw Ih81 the TAMI con￿￿ lo meet •t*gabwts its ¢ash ￿*￿e$. 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 SeL*ty" arth9 Irom th¢ charyes in ihe Goverftmenl ￿Ul•ll)￿St￿￿ reg¥d$ 10 soo¥ c*e Ser￿$. To lake ￿¢￿$sary steps ts minwrdse ol ￿8￿h and salety rtlaled tyenxrrirvj Ihal.. 5t•ff ale apkwia*ty tr￿e￿ 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 ch*rty's •r*l 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 wJenlrf*d rr6ks. Phrts foi lh• sin￿ Its e51a￿lshrr￿¢TrI in 2004. Inwre's ffla￿ 1ourr• olinc4)mB has beeTr kn the ¥Alh Ihe Loca[￿h￿r￿leS Iftd NHS c￿rni*sOning bod*& Ihe Tntst 9enÈr*es frrm spol wyrthase5 by the Commissionlrvj 80thÈ1 4nLI privale Cu¥lLw￿ u&rvJ IhÈir tknl Paymth kn¢•l Il*Y th•iE ￿r￿j¥. The Trust ￿ •lso continue 10 seek lo ¥NiLkn base and $¢VVK¢S br. Contfacliry tsthtr aThJ 80fAal care or9•n￿l¢KI$ 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 Develop￿9 ond prov￿ • r4ng¢ of dwedty lo trtsgye tainti￿ ¢0 this $trale9y and conlirxje lo e¥and ts are8 01 operatim in lerm5 01 Il* rnrye ol seNices provided as wel ès Il* numt)Er of commissioniry bod*5 il can develcsi partrtthp5 *ilh. Tf* Tntsl 5 polrfd￿* of disa￿.1￿ tYopert*s offers & 9re•i opporturlty Ir*dev**¢ r*w ser¥x*s as th¥elw"ng residentkql cart %upport kn ptcyle *ith d¢sakn"S1*S. BuI￿lfi9 011 Its speoalisl seThKé area of pressure r*wirvJ equpi*M. dKorrfaminalffJTr ol t*•lNpvsonal care ielaied equiprnent. broughl thler the Trtk81's werthn tr*￿"rvj Ihe acwb$rf￿ of Med*•l Lld tompany's loul operation in Ftbruary 2020 Th5 oftet fry devdjpwwj mvt and efficiern ways ol yovioing Ihis swvtce. . Enha￿n4 il¥ bU￿S1JSa￿ of i*sablty equy•1￿ by 5*e5. We %4il ctsnliNe to.. Piomtye wKIu5ion. r4isin9 awar￿$$. ¢h•n9iry *ttiWs. %*llh $lakehol¢Jers lo enable peo￿t to m•n5tre•n servitts. Wth %¥ilh slakeholdÈr$ 10 improve 8c¢es$bhty 10 buldtys and lrnllSPtyI. Promoit 0￿rea¢h 5ervKes dDser 10 *ther* fve. Develop seryicEs disatI￿ aThY . Offer supput I0￿￿￿r and pith%$ phywal •r¥J sew StrueturÈ, governance and manag•m•irt Inspire Communty Trust w•$ in and vy)ry•rated by gu•m*e M 24 Noverrfau •nd is r•tyst*￿d th8My t comparry limiled by guararrtee fnswe has rxi %hife ¢apial. 9u4r*ee 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 (Trea￿ferI *rne Brnmley Ark1rèwCra%￿O￿l (Mt*-Ch•wl IRe5ywd 20221 par￿13 CrI￿ord IReswwd 8 Jthy 20221 Vmc4J Kthar lath LW lappoffthi 8 Septeff4>er 20231 AppoSntm•nt Ind rn¢ryiim•nt olTn*ts•8 The Board cortirwjally keeps uTrJ¢r i•Trr*w*S mwr*Ersrup and li* trtadlh ol ski15 typertv woper go¥ern•mce. Cl¥EIExeculi¥t and Trustees. yor¢du￿$ and Chanty Cornriwpjn Gi•d•rte. rr*tt Chainw ti¥ei ExetyJb¥* •r*l • irtvited to wsil the offices and ser¥ictt. Coffffillto• stN¢tui•. indu¢tion training The Board ofTDA*$ to be s￿ported ty a Thbi*er ol Cammffj¢es. irK** Tru5*es reknanl sklL%. They indude Ihe falvAirwJ". Development Fthance and IHRI s￿￿￿￿ee n¥wl peiiol. D4y ¢• rn•nig•rn•nt Day4o4ay fesponsthlity lar Tnw•gernw* of IhT OryaTMth's 1*JsM￿S ￿ delegaied to ch￿?1 Exe￿￿1¥8 a5 del*led 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 non*xecU￿.¥e Board ol Director5 lo Sel str•'c lor the Tr￿1 and lo ensure Iht Execuli¥e Team run5 the Trust profess￿n￿ty aThJ in a¢￿dIn￿ n*$. ob￿￿e$ aThl orders. The Ch*f Extcutiw has resPOnYt4ty deiryemJ in •¢¢tyd*no the Ser¥￿e Spe0f￿**0nS ol Iht Commissioning ￿1hOribeS as Ihe LO¢￿ Athhorir*s Ihe NHS Clinical Ctfflm1$510nir¥ bothes. 8nd Ihe siraieyRs agreed by the B￿rI ol Trv51ees. He tnsures Ihai Ihe slaft ieams a￿ tecruittd arxl supported 10 wovHle the Sknlls and exptrt15tr t*edeé lo $uttesslul orgar￿l10n and that Ihe val*s ol Ihe are Lknserved. seThKes a￿ delivered effiuenity and effecbwety in a¢cordarKe *ith the contracts *ilh Ihe commi5sic*er5 01 se￿￿$￿￿Orr$. Dumg fitiwKi81 penod tr* Chef ExeeJJNe by • learn in(kwJry a Cowffievtial znd OpEwalion5 Dir¢dor. H¢•d of FI￿n￿ ano opera1v￿1 m￿age(S for eath of ihe servite ¥e•. Tr C¢#ttrr*rti•l *d Oper*￿￿￿ Dir¢oor ?l$o ha¥ responsiblity of assisbng the CIMel Exteutwe VAlh strattgie d¢￿0￿ntS •rxl Lmdtnaking de*galed manageme reSPDns¢tsh￿.es in the ab5en(* olthe ch￿ ERec￿Ne. ￿ ieqwed. Ihe period ol ttms re￿ Tru51 empknyed approxknmaiety 70 stall and hèd revtsed ils manBgement siwcttsre lor effeciwe operational managery*nl of T￿￿. The Tru¥ ¢r¥Jage$ tyency and freel•￿ si4ff in order io rneei ils Slaff￿9 requirement. as apwowats. Cl*el EXe￿￿￿e h)5 11* dele9a*o re¥￿&￿"￿ty lor rommi55wiry arby managkn9 appropri•ie Human Res￿r¢e$ IHRI •r¥l lthftnatKn ano Cornmm￿￿ ye(*1￿109¥ (￿TI suwprt requwe(l ty tre Tw51. One ol Ihe core of the Trusi is inv¢oip4 li $i•ll 10 tsveky W*ir skn15 polenli81. HÈ￿. Iht Tw51 provide5 appropiiate trainin9 afvj deVe￿￿TreAt opptrtunkie5 in 10 enyKe thal t￿Y are equipped 10 perftsrm tr*ii dube5. Slaff Iraining need5 are Syslemalicafy wjenlrf￿I 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 • tr*r*NJ plan and cconmissitiniry apwopriale tr¥iniry lor ￿￿1¥￿1￿￿ membern d staff N as 8 9rwp. appropri*e. Tl* tramir*J Flan Is knplemenied in parfnershw the ley corn￿￿01￿$. 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 iddit￿l￿. fact lo lac• dos m•bJ•wry wirerrth ￿ a8 rM*r¥J arK1 i*r*llw. Safeg￿nIng w￿rer•￿e 8duNs sre hehj •1 thJNYJ •* yt•rfor*l ICteTrab* Ilwi lo lth)ctioTh eIth.￿ty. As part ol our (•ntra(as for ts OEhrnf ol xi¥iRs un bel￿1 ol lo¢* athorilies and tr* ￿ls CorMli55ioniry bodips I4t ore required to 4Jemon311•ts ￿ thEm has ¥ubu51 hE*Mh and mana9emert swems and worysse5 in plar*. 70 this V*E 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 Man*gemÈr*," Enworrymal M8n•gemeTht'. aSSlSl Ihe CW EAeryAwe ￿tw. ISO 9001. ISO I4￿1 afvj CTrWS •tv¢ditaiw. P•y polley lof k•y m•n•yrnent PErnonMI The Tr￿1¢¢5 ronwder Ihe seniof managernw* tearn coNyise Iht key m*n•gerrerl PEr50n￿l of tr￿ tharity in ¢h•rye of dffe¢ting •nd ¢ontrdkrbJ. the Tfttst on a d•y404ay b*5i¥. ￿ Trwtee5 gNe ol Iheir tim¢ Ir¢¢ty anl no lrnstee received r¢mur*T*iw in Ihe year Ihe Cwny thrt*s. The seruw Set tak1ng Nll• account Ihe market r•ie5. ￿p10pr￿ pay ￿￿¥Se lor al stalf. stAor Stsff is deratted by Ihe B￿rd tst twstees. In addilw ha5 rv*ard 5dwnt baxd •pwawls. Truste￿ ￿P￿SibIlI11¢S The Tru5tee$ Ive rpw*bl¢ lty prnp•blr¥ tr• Tii•t•es' Repty1 •rn1 theknK¥"al stalem•￿ ￿ aix(rt•ntt wih apph"c4blB law rtyulatimt. Ctympafry ￿Wr￿￿leS the TAtstses to INtPbrt fmntial 5ts1ernents lor e•th f￿anUal >*ar in •CJw¢$l appfrubl¢1oW. Uthjer c•mpany kn the Trusiees apkwo¥e *)e fffjanual ￿￿enIen1$ Ilw •rE Sal￿ Lhai tsy tyve a ¥TrJ fair vwol ihe state af affairs olts charrtable aTrJ ofrts irthTrwvJ or 0￿9￿r￿d rÈsourrts for thal perityy. In weparmg Ihese fin8nD￿ 5talemerts. ihe Tru5tee5 are iequwed to". . Jeknl sUrt•￿e attounlin9 pokcies and l￿ffl consisler*: . m*¢ jUdge￿nIS esknn8tes thèt a￿ reasonable W￿￿1.. . 51ale *hether applicab￿ acc¢*￿tirW9 have been klwd. to maMri* depa￿r*S th5d08ed a . wep8fe finanei•i 5ts1emen15 on fv 9oir9 b85iS ￿59 rf is •japp￿p￿tth to ple5ur￿e ts th•nlab* company 11 Cofftr￿ in busme55. The Truslees are re$ponstAe for keepiry woper acco￿11￿ rec￿dS Ihal are suffK3enl to show and ewairb the thaiiiable comparys trans3ctK)ns and disrlose *ith reaxwwp Kojracy al tKr* fnarrial posrtion of the tharitable company and enabte Ihern lo enwre Ihai Ihe fffiarti￿ sth*rntth$ tompty tt* Compan*s hci 20L*. TW are 450 respon¥￿e lor $ale9uardMw Ihe assets of Ihe tharilsble company *nd hEn￿ lor takin9 ￿a$r￿a￿* sltps lor fv we¥eAti¢n and deleclion of fraud •nl other ivregtharrt*s. The T￿￿tee$ gwe slralegic4YitdiM 1¢ Ihe Trust tnswe ltsl.. . Ihe m?￿Y¢￿Ent leam runs the TrL6t prolessN*)aty arvj in ac¢tydano *ith is wlE5 ano r*clht5. . A meels rfs slaiulary. fmanual and W re￿￿$*&￿"eS. Dh¢l•sur• •llrtfrntl￿ to aud*w¥ In50f8r 8s each of the TrustÈe$ 01 ts comp•ty •1 •ppro¥* of teport is thyare, Ilwe r4 no relevanl 8ts0it inloThaliM liThformalion r*¢d¢¢ by VY ¢¢thp•ny's I￿1￿￿4n Corv￿9n preparry Ihe 8￿Jit report) of the company's •L#Jitor is una*we. Eath Tw$* h•$ iaken au ￿ tre *eps Ih•t Wshe have l•ken as a Trustee in ordv lo make himseN￿r5ew3Ware of any r*kv¥AI ififuffnatitin ¥nd ltyesiab*5h that Ihe cofflpany'5 aLwJdor is a**e of b)al ￿1￿MIll0n. by Ordw of the board ol Trusi•es Date.. Vffiod KLfft¥ Khama t*1 Exetyirye •Thl Ck*rpany SetJ¢t8ry INDEPENDENT AUDtfoRS' REPORT TO THE MEMBERS OF INSPIRE COMMUNITY TRUST QuaNll•d oplnl•n W• havè audited the finanoal statmnts ol Irwre c￿munIY Twst parenl c*barrtabbt r•mpany) and subs￿11a￿S (the group) ftsr the year ended 31 March 2023 the Ctsr*dhlatèd SlalemeThi ol F￿an￿al Actvbt*s. the Consojidated Balanr* SW. the CharitalAe Compony Balar4c* S￿et. tl* Consolidai¢d Cgsh Flow Stalemem and Ihe rd81ed nDtes ThÈ finanaal reporting frame**￿ Ihat has been aFgl*d in Iheir preparaiion is applrable law and Unrtod ￿"ry￿Orn Accountirw4 St•￿ardS. Fxwncial Reporbftg St•ndard 102 The Financièl Reportiry Slandafd ap￿[¢•ble In UK (United ￿ngdorn Ge￿r*ACcepted 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 arr￿gnCe *ith Urthd G•n•rnlFy A￿Ptsd Acmunimg PraL*ice,' ha¥¢ been prqpar•d in aeclyd￿ *ilh tre tequffements of the Comp4nw Ad 20(￿. Ba515 lor qv•llfl•d oplnlon We w*r• nDt appoirted a¥ ol Il* tharilat4e Q￿panY untl after 31 Mareh 2023 4rvJ thus ￿￿1 nol obser¥E IP counting of ph￿Cal in¥entoti•s at the eftd of J*at. We unablt its Satsfy Ourselves by altema1rye means conceming the invent¢¥y gu￿t￿l25 hekl at 31 Marth 2023. whv* are KK4LKled in Balance Shegl ai £94.841 by U6ing other a￿￿rt Procedu￿$. Corwnty unBblE to dèterrnye wl*tr*r any atystrnents to thi5 rniinl wos necemary. N¢ FRS102 Report was oblau*d 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 t*fined Bemfrt pension Scheme h¥Y• not Ind￿ thè slal&Trents. S•e ￿ 17 on paqe 30 lor di$d￿UTeS mode. WÈ conduded ow audrt in accordar￿e wih IntwnalK•nal Stsndarfs on A￿l￿ng 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 Sta￿lat￿. and hove luhSl*d ow other elhvl ￿SPon￿bA￿S 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 qualif*d opinion. Key audlt m•ttws Except f¢[ Ihe matter5 de5cr*Jed in basis for quall￿d Se¢l￿n. h•* detemiined that Ihere are no key audit matters to be cornmuni¢ated in our rwrL C•nclusloni rtlallng io golng ns 01 ts repm. INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF INSPIRE COMMUNITY TRUST ¢￿Or Infon¥￿1 The other informal*)n wnprises the informath)n fftcru￿d in the Tws1￿ Annual Rert Ot￿r than Ihe finanfAal stst•ment5 and our auditorfs reF4)rt ￿Teon. The Tn￿*S are r*spor6* for the othef inf0m￿lon contained with Ihe annu4 report. opmK+n on the fiAanoo1 stalements dces nol co*r Ihe Ot￿r in1￿matIOn and. exetpl lo the extent oththvkse explicitly Gtated in our r•po¢ do not è)¥Mss any lom) ol assurance uJnc4u5•Jn thereon. Our respons￿lI1Y is lo read the Other inlorm•tion and. in doiThJ x+. ￿nS*￿er *thethu the Olher information 1$ m•tefially irthnsistent ¥*rth the financial statsmeDis (* our kr￿￿e obtai￿d 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￿ ￿￿th*T Ihis gNes ris• lo a m•tsrial rriwtalemenl irb the $tateN*nts Ihemselves. If. based on the wot* %•t ￿rfOrn￿d. condwle that the￿ li • ma￿ri￿ mMt•lement ol thi5 OtW inftymth"on, we are required to report thai faca. AS des¢r*ed 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• Com￿￿1** Aci 20116 In ¢)ur OF4nitin, based on Ihe undertak•n in the cOu￿e ol the •utht". the infonnation 9wen in the Truslee$' reptyt linco￿•r31¥r#d tht slrategK report ar*J Ihe directors, report) for the fmanrial year fv)r ¥thKh Ihe fm•noal slat￿e￿3 are prepare(l is con5iStenl w*h 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 kn￿￿edge and understsndin9 01 the 9roup •nd ¢harrt•ble Mmpany •Ad rts envwonmgnl obtained in ttr￿ course of t￿￿ •udil. we have not thrlif*d material missialement$ in tt* strategK r•M ¥KI t￿ directors. report. Arising sofety Irom limkation on Ihe se4)pe ofowwort relaiir8 to in*ntory. ￿Ierre(l lo abo¥*". ¥¥t have obtairted ￿1 Ihe iiforrnati*) aThJ eyplanaiMts Ihat ** Consth￿ f*cessary for the purpose ol our atyjit.. aTrJ we were u￿ble to delennine wA￿her akqLWte aceounb.ro records ha* been kept. We ho¥e nothirg to re￿rt in rwed of Ihe folkNM"rvJ molters ¥A*re tht Cornpan* •£t 2(K6 require5 U¥ to reF*Yt 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 spetyt*d by law avt nol m•Je. R•spon$lbllltles of trustees As eX￿oIned 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 t￿panY bwl a￿ ￿sponS￿ lor the preparation ol Ihe finanoal gwernents and lor beiry sal*fi2d 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¢n*nls Ihal are free frc4n malerial mi551aternent. W￿htrr to tra￿￿ orerror. In preparing Ihe fwwnryal stalemenls, ihe tr￿le￿ ore responsible lor assèssiNJ the grgup'$ and charitab cl¥n￿n￿l abib'ty to Conlin￿ as 8 9¢ry c¢n¢em. d*ch￿"r￿j. a$ apPlu￿e. 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 c*ase opwab"M$. or have no all*r￿b¥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) 0￿y$ detect o m*rial misstat•n•ftl ¥th•n rt ex15t5. Ph5$1•tsments can arv4e from fraud tsr ¥rror ond are ¢¢￿$1dered mat•n* if. Ir*j￿￿Jèty or in the ￿legate, tP*y Could rèasonably bé eyded to infi￿nC￿ the eCo￿lC 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 misslat￿ents 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 frarne￿rk 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 e￿denc* Ihai * suffic￿1 aThY apprLyiate lo provth 3 basis for our opinion. This IndUd￿ considornlion of IIE risk of acts by the th•t ￿ntrary lo appliCa￿e la￿￿ aml re9ulations. indudiThJ fraud. Extènt to f*hl¢h the Audil T4V*$ ¢onsld•r•d up•bl• old•t•¢UAe Irr•gU￿rNI•¥, In¢luding fraud In re¥onse to the risk ol irregLdaritses aThJ non-comOwt* tthth I￿ re9￿atIOns. irtlwlirg fraud. d•sign•d pre£•durns **¥¢h I￿1￿le￿. Enquiry ol managemeni and Ilth• wth y0￿marKe 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#￿r￿d 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 sUppO￿n9 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 ￿511r￿j of joumal Èntrts and other adjustmènts for ¥prcyriateness. ¢valvatir¥J the bus1r￿$S ralh?nale of sBJnificant Iransa¢tions outside nwmal course ol t￿sInesS and re¥￿￿￿j a¢￿Un￿"1v& esiinates lor Ir￿l¢al015 ol potential ￿0$. Because ol Ihe tnherent Iimrtabons of an a￿jit. Ihere ks a nsk Ihal Will NJI 4Jetect all Irregularitiès. inGluding Ihosè leading ￿ a Ma￿ri31 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 resul1￿ry 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￿$S￿oI 1tyygm￿I and m?intsin profes5bon81 scepticism thrO￿h0￿ Ihe a￿1￿. W• *o'. I￿ntIfy arKI assess the ￿kS of material misstatement ol Ihe fina￿la1 statefflents. 7*ther ¢Jue to Iiaud or eiroi. desvJTh and perfom 8￿Yrt Fyocedu￿S fesponsi* to those r4sks, and obtain audit evidence thal 1$ 5uffvenl appropriate to provide a bags fr¥r opinion. The risk of f￿1 delectiry a matenal misstètemenl resulb.ng from fraud is high8f than for om r•sulb"rpJ from error. as traL*J 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 effecti￿n•s$ ol thè th•riloblp ccmnpany $ inlemat control. INDEPENDENT AUtMTORS' REPORT TO THE MEMBERS OF INSPFRE COMMUNITY TRUST Ext•nt lo w1￿h th• audit ¢onsfjd•Md ewbl• of d•l•ctlng Irr•9￿arlIi•S, kndudSno fr*ud Evaluate tht appropnaleness ol accountityJ polw5 used ar•J fv rea50￿bler*•SS of accounlvvj •sb"matÈs #nd relatsd th"sd05ures made by Ihe 1ntstees. Condude on th• aFyropria*ness ol thè Intstee5' w of tr￿ corKem l>asis of accountin9 and. basell on th• audrt e￿de￿ ¢*Ea1￿. *tslher a material uncertainty exists reLqitd to eveTris or cor*lrlJons that m¥y ¢a5t swjnifiwtl on the chaiitsble company's ablty to Contin￿ as a going COPKem. If w• C￿lL¥le that a rnaterial wKert•"nty exists. we arg required to dr&v attentw in our a￿lI10r,$ report to the rèLgted dis¢kxures in the financk81 Slat￿Ont$ or. if $u¢h dtsdosu￿s arè inailequate, to mC￿fy Ouf opinion. Our wi￿￿510n5 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 tharil*o 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 go*mance ragardirvj. amoTrJ otP*r mattèrs. the ￿anned scope and timing of the audst and sonifKant 3￿rt ffiNliThJs. Indudir¥J any Si9nifi¢ant defvencies in ￿l•M31 control Ihal wè ntfy during our a￿￿11. il#• ol our rnport Thi$ report is made solefy to the ¢>I￿lable COmp￿Y'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 a￿Irt for this r•port ty for tre opini￿$ we have I0￿ed. helle Wthes FCA (Sonior Ststthory Auditor) ror and on behalf of Azels Audit St￿1¢¢$ Stalutory Atyjitoi Date 27 June 2024 First Floor. Ri￿r 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 InwB5tn*nlincom• 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 tr*nJl•rn 1158.3821 1158.3821 112.171 Other rn¢09n*•rf l Oos••s)- Remeèsurew￿t gain on defined ber*fft 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 trans3d￿n$ are thrp4ed Irryn continuir*J aciwibes. All re¢ogAlS¢(I gains aré knssts are Ind￿ in the Statwnwrt of F*M￿al Acti¥ii*S. 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 C￿8t￿ tax. trading Tot•1 exwndilllf• 5.029.S65 5.029.565 5,460.281 N•1 i￿OI￿•1{eXpndlIulo) b•for• tran8ftr¥ 112.171 84.293 Othw m¢o9n$•d g•ins I Iloss•sl- Ren*asuremefit 9ain on ¢Jefffted ber*lrt pefi$*)n $¢herr Not rnovefflenl In l￿d* 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 In￿ded n Ihe ¢f Finanual Acti￿￿5. 14. INSPIRE COMMUNITY TRUST CONSOLIDATED BALANCE SHEET AS A T31 AIARCH 2023 2022 Flx•d aJ8•ts Inlonglole assets Tang￿le assets Inv•sbn*nts 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 a￿1 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 T*lthln 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 ICh*rl Mr H￿h 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•si*t•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 IC*a*l Ir Hu9h Miller I gnorary re¥surerl com￿nY 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 In￿stment 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 M*rch 2023 932.184 1,810.097 C￿h 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 ￿r￿jdOm. In the e*nt 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 pr￿lIe ffjwdentkal care. ihÈr4iy and ￿Uca￿on 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 prepa￿d sn aceordancè wth Aecounb"rKJ and Repothg by Charii*s.' StaiÈm¢nt ol Recornrnended Pradice applicable to chantres p￿paThr￿j Ihelr ?￿nts in acav0an￿ %wth the Fmanoal Reportirrfj Standar(l applicable in the UK and RepL*Jlic 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￿ prepa￿d on a gryrg CO￿￿rn ba%"s under hi51orKI cost ￿n¥entr"On, modffie(I lo intkbje ikni$ at lair value. The fin￿¢￿31 statemeits ¥r* Swo￿led m stertinp vthi¢h is the fvnth'onal currency ol the eharty. The significant Kcountiry Wic*s apW*d preparabort of tfthe finanryal ststements are set oul below. Those policEs hale been consistenlly ￿p￿*d tD ￿ar5 prèsgn*d un*$5 oth0￿1st staled. Ibi Con•oNd•ll•n In the O￿nIOn of ts MeM￿r of ¢4JThwnthe. ts thwilth cw1￿Y $thKli8ry uTh*rtakings e41mpr¢• a small gvoup. The eon$didated finanrAal slaiemènts fficwrate the ￿(11$ ol the charty rts Iradiry sub$bYiariè5, Inspire Medicare L￿lled 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 ger￿101 bjnds ar• funds be usèd in atcor¢anc¢ wilh the chèrrtabk objects at ￿ tJisueiJ"on of ts trustees. ReSt￿ted 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 w￿n fuTrJs are lawl for Part￿Ular restricted wrposes. De5i9naled fuTrJs repres•nt funtJs investef1 in fixed assets. The designated fund balance has been represented lo ènsuts that thi fu￿1 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(￿￿￿tiOr￿4 h•* béèn mrf the amount can be measured rtshably and rt is probable that the income will be recei*d. Voluntary inc4yne, IncludiThJ d¢)n•t1ry￿. 9ift6 arKI 9rants that probTh1è core ￿￿11r￿j 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 Acco￿n11n8 polkiw I¢•ntinu￿) Idl Ine*%h• rn¢¢#filtlon Tho rnwn income is *JerN8d from peopltr with physral ar*J sensory impaim)ents te meet th•if mdividu81 needs and to p￿ole 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￿ B￿h of ore oKountod lor 7Athen r¥able. No amount is irKI￿le￿ 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 rec09r￿Sed *th•rè Ihere is a ¢x ¢onstrudNè obl￿all0ft 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"wt*s conyises its>se costs by th8 FouThJalion in iho delivery ol ils ctilnties and seNc•s for bene￿.￿les. It irthlts both pend￿r•. (k) Emplo>T• IMn•fits I￿￿￿ employges ha￿ r•nd8rnd s¢Thi¢e ts the L*aity. SIK¥rt4e￿ Èmpbyee benfrfits to wh¢h t￿* wnpb)yett w• enl￿ed are fecoqnis•d at the undis(x*untgd •mtsunt exwcbj to be paid in for that 5eThio. Reti￿rnen1 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•• (Imin￿ter•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 eoul￿frnt 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 tr￿n1¥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. be￿fft changes, setuements aThJ curt8ilrA&nts. T are induoed as part ol stsff costs as i￿U￿ed. Net int•Msl on Ihe net defM*d 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. takU￿ted 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 m*anin9 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 tr*￿rore 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. I￿UdIng •¥p•ci*wJns ol future events Ihal are beF￿Ved lo be reasonabts wder Il* artsJm6thn¢•s. The Foundation make8 eslin•tes ord assryt•)ns t4Mceming Ihe fthwe. The reS￿Ing 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¢us￿d belty•. K•yjud9•nwnls Pens￿ conlribulm mb•t•s Induded inwne is iebales of *I￿r5 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 econom￿1￿$ oltènty"bl• 8ssels The annual dep￿1?1￿ ¢harye fDr langth assets ¢ #ens￿4* to thaw esl*nalod 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 C￿￿eTht eslwh•*s. base(1 on ￿Chnob)gI¢¥ than¢ement. fvturt inve51rnents. e¢0￿Mi¢ ulihsaiion and ￿ phy&ul cAndition ol the assets. See r￿1• 11 for IP* ¢arryirwJ gmounl of ihe ffixture$ and rillings and motor vehicks, and npte 1lhl for useful e¢•Thr￿￿ foreach da8$ 01 osset$. LGPS pr•s•ni ol Ihe Local P•nsiL¥T ScheTh ber*fft dèp•nds on a numb¢1 ol lactw Ihat are d•iermined On an oclu•r•l basis usry a vawf of assupywbrffis. •$wmption5 Used in delemining lh• net cost 11rK￿l 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 l￿bAty. 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 per￿lOn$ Irdbilty al 31 March 2023. Any drte￿n￿5 be￿￿en the fyur•s derived frorn Ihe roll fo￿ard 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 nec*ssary Iho ts indwled on an annual b•sB. No P￿1$1￿ for bad •hJ doubl1￿ dobts * vJrrenJy wb¢￿e& in tr* accou￿$. (•) Golng ¢•n¢•rn The Trtssl ha$ a Strategy to en%*e thal Ihere ao suffr*nt funds raised thfOL4h the blocl tt•iracts supplemente by spot purchase And tental from the Trusl ¢)wned propert*5. 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$uo5 Caused by delayed Cred￿ a￿ managed Ihrou9h cash reserves. The nature of the Trusfs a¢lbVrtffjs are that ¢an be ¢onsthrable ￿r￿red￿th vangbon in the timin9 of c•$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 I￿let5 tots¥ler il gpprokyiale to Wep)￿ accounts on th• going Con￿r￿ b￿ffj. Ipl Gov•rnm*nl 9rn1 Governmenl gronts are rt¢49nffjed at Ihe f¥iT ol tP* assth le￿Ind or ftceN•ble *then th*r• 1$ rea50TrabKTr assuran￿ Ihal th• 9ron¢ con1rt￿n5 will be met and th¢ grants wrfl bo r*¢•ived. A grarst thal spe¢rfies performance cond￿'0n5 15 ieccgnised m Ineome wh*n the pèrtorrn￿￿ condthn$ a￿ n*1. ¥Vhere a grant dc•s nol spe¢fy perfomiance L￿ditIOnS il 15 recc¥fiBed In ine411tr when It* prot*eds are re¢%Ned ty rn¢•rwabl•. A grant re￿i¥•d befo￿ the rewrAbon uii•iia am is r•¢ognffj•d ￿ • hab*ty. 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 C￿19 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 ts*nirvJ Eqimpment Repiit and m•inlen• Rent and roles Lffjmand heal Insumr A•uukn*nt Tr3¥el and subsit*rte Vehic* e#K*n8es Cornmuwa￿oTrS 5wpQrt¥￿j mawtsr4rt0 Leg11 •nd prots$s￿n8I casls Professignal aThl Cons￿￿￿1¢¢$ 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.$71 465 19241 1.992 9.168 69.219 SYl.169 1208.188 Loss on dwulolfiA•d •ss•ts 12.592 104 7.733 65.423 99.115 Pro¥i5ion for dort4thJ4eblS suty$r￿Pts￿s 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' reMWWa￿oTh- sthpJi*ies Actouni*Thcy servic Ac¢ouni•ncy serYKts-%W>sM*•iies Leyl lees 5.120 1.055 90.169 118.571 Go*rn•￿ Costs support tosts dE&4Ed and b•¢n •loc•lÈé c• Ihe b*si$ of tim• spe*1 in re5P¢¢t of 5laffc￿ts •nddK8ci IrK th cosit. 7 I•ET MOVEIIENT IN FUMOS ¥*23 2022 TNS 1$ staled aftei thar9ir¥ D2pfe¢iaiion fixed Amor11￿tion ALHlilor$' ￿TrUnE1{￿an 174.015 29.$71 112.612 16D.991 29.571 61.743 7RU8TEES' RE4UFIEAIIION *JIO REIIIBURSED EXPEIISES The Ct*ef Ex¢cuiTh* ICEOI is also o Tru6* of T￿L recThent costs 2023 2022 w￿e$ 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 manag￿ent petsonnel ol Ihe charity In chargè of direclir and conirolling. runniryj and operatyng Ihe Yrusi day 19 day basis and are d•ta￿e￿ 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 rest*d 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 l￿d and b4N"Idir8s Is fr00t￿d knd at a valu• of £837,9CiJ. Land ts not dwets"a￿. F•xlum. otsr Vehkl•s T•tal L*nd and Impro¥•m•nts bu￿1￿9$ to bu¥dlngS •9ulpm•nt & refit*l •as•ts Charfty Cosl I deemed ¢osi As ai 1 April 2022 a$ rest•1 AddiDons Re¢l#ssificati¢n Dispo$a15 At 31 Marth 2023 2.802.137 1.657.4 820.342 513.779 944.165 45.051 1513.7791 11.095 474.342 37.007 5.440,799 865.393 11.095 6.305,098 2.802.137 2.991.611 37.007 Oepfe¢l•llon As at 1 Apnl 2022 as restated Char9e for period On dtsposals At 31 M¥¢h 2023 553.165 81.727 303.694 76.980 37 (*J7 893,866 158.707 456 1.052.116 634.892 380.218 37,007 N•t book ¥alu•s Al 31 Mwch 2023 2.167.244 2.991.611 94,124 S,2S2,982 At 31 M#r¢h 2022 as feststed 2.248.972 1.657.490 640.471 4.546.933 IndUd￿ in14nd and bi*l¢*r¥J$ 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 Yo￿9 011 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 Sh*r•s in Su￿1d1•ry undertakln 100% of 1LYJ share Capital ol £1 each in PaedThre Lkl 100% of 100 Sha￿ caW of Blossoms C*r• Home Lwnrted. Tr* charty the SU￿"$y￿ry on 15 No*Nthr 2019 for • ¢ons#ler*oh 01£1.070.IXK+. Holdings of morn Imn Thg tharity holds rn0￿ ihw 20% tsf 5h•re oftr* lolcrt&irYJ company." Proportlon ol vollng rlghts and ordlnary •har• caplt•l Principal a¢tl Day care centre and medical care to the elderfy an(1 di$abled people of th• ccfflrnunrty Country ol r•g15tration or I￿orporalI0 Er4Jland anLI Wa￿$ Subsldlary undertaklng Insprre Medrare Ltd 1CO% Blossoms Care Home Ltd Eno￿￿ and W 100% Care l￿ft 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 diSa￿ad peop* of the comn￿nIty T￿ *b￿￿nI 15 meagjred at cost Itss inyairrr*nt on the ba Ihai Ihèy mpre5ent shares m en11￿$ Ihai ar• nol pubhdy tr•J8d and the fa* vatue ¢onnot ot￿￿$t t* measured rn1￿b￿. Tts Iroding resutts of Inwre WKore Lirrwted for Ihe yeareThled 31 March 2023 •r• a$ foll￿3.. 2022 Tumr*v¢r Other operating Admffjistration vjsls Oper8tiryJ surpbjs lor the CorpoTatw lax D¢lnbu*¢n$ to pa￿fil ¢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 IwNil*s of th subsidwry •t 31 Mafth 2023*we'. CU￿ent assets Curreni habilit*s Aggre9ate $hare witsl •nd resep**S 1.379.092 1265.C68 114.024 822.612 734.393 88.219 Share ¢4ptsl ofrt afvj loss wse 1C 113.924 114.024 100 88.119 88,219 The princi>al actmty ol BtosSCffi￿ Cwt LwnAed 15 ol a investsnent 1$ me•suved •1 co$t kns impairmtnl on the basi5 that tw repwnt sharns in eAb"¢*$ that ale [￿• pUbl￿Y 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 K￿rne Cosl of Sales Admini$tr8lion ¢osts OFef81iry surp￿5 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•b*l*s of Iht $thwJ•ry •t 31 2023 *re'. Fixed assets Cyr￿nt assets Cur¥gnt li8bilitse5 4gregate shate cawi artd res•rN*$ 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 sub*dtyry undertakw Piepayrr*nts sn¢ acu￿￿ incelorw 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 iThJepeTh*nl qu¥lffied actU8ries. The latest actuarial v•luotion of ts NHS Pen5wJn r•latsd to th• PW0d•n￿d 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￿ *M￿OyeeS to the Trusl on 1 March 2CQ5 and a further grM of staff in Auwsi 2010 v*tsn the 1ft￿rated Communty Equipment SeTrice translened. The minimum f¢Y*r*thK¥n r•i¢s ftsr the year 21.1%. Under the terms of the ftew blod( ¢ontract with the Loftd￿ Borwgh of Bex*y. *thicti cfjrnm•r£•d on 1 S•pt•mbsr 2016. the Tr￿1 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 Sep*mb•r 2016. TnpJt re¢o¥*rs oll but 6% of the Employers c¥JntitJution. In DecÈnknèr 2019. the Try￿1 0150 toc4( on 14HS 5tsff tsnslerred under TUPE Prov￿1C￿5 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 p￿￿nI empk>ys arE U)¥wed by the Wo￿l0nS 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 valuere. 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 9￿me accourtir9 p￿￿￿. In or(ler that defined tenefrt cèw'ons recwtsed in the finar*AI 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 bets￿n 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 annU￿Y 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•ssn￿ftI for the previous a￿OUntIng in wryuncb'on ypdaled mernbershtp and finanaal ¢Jata lor tre curfenl f•pornng poriod. and Is accepted as provhling s￿18b1Y 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 COlA￿TIA£11Ts {C•niiny•dl NHS P•nalon Schem• (¢wiliny•dl The latesl 8ssessment ol the I"atr"lit*s of Ihe sd*m• is cont￿￿ in t￿ r•pthl of th• scl*me oduary. form5 Part DI the annual NHS Pwon Scheme Accounts. These Kcwnts can te tt* NHS Pensions websile and a￿ pubh"she(l ar￿ally. Cop*s 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* be￿fits du* ￿Ller Ihe scP*mes (taking into a¢c¢unl recent dryraphic eyriencel. ar#J to recommèAd cA￿{n￿Alon rnt&s payable by *￿10Y*&5 and Implo￿[$. Th• lat•st actuarial valuation vnd•rtak•n lor the NHS Pertsion Scherne was compfeted a5 al 31 March 2020. resuhs of this valualion Set the emF4oyer COntr￿￿￿"0n fale paythe Irom Apnl 2024. The Department ol Health and S¢xial Care has r8cènly laNJ Schèmè RegulaW"ons ￿nfi￿nIng employer ￿ntribUtion rate wll increase to 23.7% of pensionable pay frryn 1 Wi'l 2024 lpr8Nryo￿fy 20.6%). Th• cwe cost c• cost ol th• seh•m• w•$ calculat•d to be cAJts*J8 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{4￿me. the cost cap ¢omdor not similarfy br•ath•d. As a rB$tht. t￿[+ wa5 Thj irrpact on thè membér bon•fft $tructur• ty conlrilJJlion rate5. Under Ihe dèfilmi1￿ FRS 102, the NHS Pension Sd￿Tre 15 an W￿unded rTrjK￿timploYer Fensw)n scheme. The Trust has acctsjnled for its conirtxrtth5 to the schtmè a5 il rt wertr a d•fintd conln'lwlion scheme. The Twsl ha$ s•t out ¥bov¥ the infwmati(m Wdilable the scheme. p￿0ft c0nthb￿"OnS aMOun￿￿j 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 e￿1 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 ￿n1￿Ul￿nS ore effect￿ety shovm as a gain on the LGPS asset. in ¢he absence ol lull disclosure ol the LGS asS•VI￿tA"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. Pen*on contnbub.ons am￿n￿.￿ to £893 I￿2". £1.2001 *re ￿Tr￿id to fv Lond¢)n 8wough of 8extey Pension Fund a131 March 2023. As dstsiw in Ihe A￿rt 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 st*ff •th ¢nffjNed. as •ppmwiate. into the Goveff*rthfs 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 h￿e cpted ￿01th• •bove ¥hen* •r*d some a￿ ineknJl>lE due to the level of lemun8l•￿n. In Febru￿ 2020 Tnty¢ look 04*r u)rtatn ser¥Kts fivrn Wx aNI 23 &t*ff **re TUPEd O¥¢f. TP*se 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 liab*of•ath mwnb8r not £1. 1• AESTRIC7ED FUNDS The inc4me furth of chafy inL**le rnstr•d fvfth Ih• follty￿ w¢xp•rthd b•krus of donth.ons and grnnts held ort trustlor purposes: Trnn•f*n l*twwn Bal•nc• at 31 lund h 2023 B*no •t1 AP￿ 20 CURRENT YEAR Day aNI E•n¥orysupF•d 56.554 56.554 Trnnshrn l*lw•en Balance at 31 fvnd$ March 2022 Balan¢¢ •t i April 2021 COIAPARATIVE YEAR D4y s•Thtis a￿1 s¢wYy $ypport .554 56.554 Doy 8•nsorysur•o fyi¢¢$ Fund5 rncei¥ed speuf*alf lor d•y s*r¥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 i￿1￿Je 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 a￿l￿AllIOns fele•se Galns ￿•￿h 2023 GROUP. CURREIITYE•AI 8usir*M 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 Tra￿1*1$1 Bakn¢• •t J1 GROUP. c(W￿TivE YEAR 1 Awil 2021 de*n•llM• r•l¢a•ed G•ln• March 2022 Bu￿dIng mwnknanl* and de¥ek>pmnt Business de¥elopffent SeNice developn*nt 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 Tt*n*ler•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•$Syn•￿rn Trnmiltrnl Balan¢• 41 31 ¢HARifi. COMPARATIVE YE*JI 3021 d•si•n•liofis Galths hlarth 2022 Buikjiry m?inlenarw •nd development eu$m•$s dè¥*lopft*ni Selvice de￿b>p￿￿t 0￿pI￿li0nS fur 389.089 20.617 87.CKJO 100.000 596,706 {389.(1891 20,617 I87.1￿•) 100.000 120.617 1476.Q891 BuiSYiny maintenarKe •nd de￿lopr￿n1 8uswi•ss d•¥elopmènl Service devebpmeTrt Dilapidath"ofis fur de¥elopment and puicha5• of busw*55 pwerT*5es lor sust•M4bilty of Ihe busines5. and maik•twvJ d exi8b.rs andl¢f new s•ryKtt. pnmift9 ne4V seThTi¢eS for future sust•in•blty ol ItK• ty9•ni5atI￿. Repairs fgquired lo preriws aThJ should tre contract c•a5e or our ￿se￿o￿a PTopert*s a￿ haNled b•¢k k* the lessor. nl$ 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 AN*LYSIS OF WET ASSETS BETWEEhl FLINDS Ufyr•stricl•d DBsignated lQ•strl¢t•d luftds funds funds Totsl GROUP CURRENT YEAR F￿d balIn￿$ at 31 M•rch 2023 are repre8en*d by: Intsngible fixed assets Tangble r￿ed ossets Investments Cutyent ass•ts Credrtors.. 3rrrt)unt dL* witth J%ar Citdil¢Jfs." 8￿￿)UnI l*lityJ ¢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 b*ne•s * 31 March ?)# •re wr•senied ty. Inlan9I0l• fty•d amets Tangib￿ [￿ed assets Investmènis Current assets Credrtors.. amount fdling due within ￿aT c￿￿￿￿r$ 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 fvn*ts funds Ivnd$ Total CURREIIT YEI Fund balances at 31 Mèrch 2023 are re￿$￿t6 by". TaDgibk fixed assets Investrnenls cur￿￿1 assets Creddors. arnounl f811ry due wilhm one yea Creddors.. arnount fallwvJ due after rnor• Ihan one year Delined beThefil pensK 5.252.982 1,070.1 6.443.699 5.252.982 2.140.200 2.977.529 11.239.123) 137,3221 1.070.1CKI 13.522.724) {1.239.1231 137.3221 56.554 13.729.C691 .766.781 56.554 9.094.266 COMPARATIVE YEAR Unmtsi¢t•d D￿19n•t•￿ Re￿1¢1¢￿ lunds lund¥ fithd• Fund balances at 31 March 2022 are rewesenred by". Taryible ffixed assets Inve5trnenl$ Cutrèni asstls Creditors" arnow￿ falSn9 due ¥MthNI one Jpar Crédilors". amomt fal￿￿9 ¢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¥eKirFr￿rn fcr ￿81 Interest and IN￿$1M0￿ inwme rnu6v•bfe Dtprtwts"on ollangiblo fwd assets Arnoitis•iion of 9ood* Loss On dispoaal olfL¥•d 88WS 08cyease fft 8iod lknueasel in •nLyeaWldecreas¢l in (¥edlor5 N•t￿Sh Ilow Irom oper*kng oclr4frt 1117.503} 112.171 11.3761 160.451 29,571 174.045 29.571 639 2,687 (40.6971 1.262 19.621 21.447 1163,6431 165.931 16.846 N•n•arend as foloK'. 202J l•hlslon¢ Road 77.019 77.019 888.156 888.156 INSPIRE COMMUNTfi TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 aiARCH 2023 27 PRIOR YEAR AOJUSTMENTS 014pt-21 31-Il•r-22 Adjusimer+ts lo pr￿r ￿ar lor ¥ehido6 In¢orredty C4P*thd Depre¢4•￿￿ oveTpfovKl*d As$¢ts under ￿nStrU&￿n i1*￿•￿￿ *$ f*lwe6 8NI frfiwy d¢pweu•t*d 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 An*tysh dth••ff•¢t UP￿ •qu*y R•r•nuhèbon olchag8s in 5UTrIu￿otfi￿ lorlhtpre¥M>us %n¥wl 2022 Total •dju$imort8 L0$5 a5 previou5ty iepurted Surp￿5 85 adju51ed 243.406 104.381 139.Q25 No1•6 t• th• F•¢tyi¢*• Ilotot ¥vhicl•s Inerntly capllaU&•d and d•prn¢l41kn 01*￿￿9¥1￿¢￿ K4)i*r ¥ehides that %*re on hi￿ HKtyredy cawta115ed and IherelofE dtweri•te¢. Assets uMl•r ¢0nth¢1lM Incorrn¢ty I￿ludI￿ •$ and ffttlng5 and thpre¢i Assets wyre incorrectly included as fixtures and rrttsngs tknith property irf4)rov¢rr*nts. In adllilion they we d¢pieua18d befowe the t￿r￿S w¢re ¢fynplei•d •ThJ asset irio VS*. Penslon ¢Y¢diior ow•rntat•d The penS￿n creditor * 31 Ilarch 2023 was indth*d 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 r*ededlo be reve￿d. GoothMII on consolidation Goo￿11¢ acouired on ￿n$•lidat**ft was iK•rre¢l as tre ￿ rtseryes on awuiwtw wre used. I￿S o¥*rstaiing goo(t*AL -35-