THE INSPIRE ARTS TRUST FINANCIAL STATEMENTS 31 AUGUST 2025 Company Registration Number 05202978 Charity Number 1111784
THE INSPIRE ARTS TRUST FINANCIAL STATEMENTS YEAR ENDED 31 AUGUST 2025 Contents Pagos Report of the Trustees Reference and administrative infomiation Independent Examiner's Report to the Trustees Statement of Financial Activities Balance Sheet 10 Notès lo the financial statements
THE INSPIREARTS TRUST TRUSTEES REPORT YEAR ENDED 31 AUGUST 2025 Structure Governance and Mana ement Status The Inspire Arts Tnjst is a registered charity and a company limited by guarantee and is governed by ils Memor¥ndum and Arti¢les of Associ81ion. Organl$aUonal structur¢ The Trust is governed by a board of Trustees, who are responsible for setting the strategic direction of the charity and for establishing policy. The board of Trustees meets regularfy and delegates the day-to- day operation of the charty 10 8n executsve board of man8gement. vl Alms of th8 charlty The objects ofthe charity are.. 11 to advance the educalion of people, in the United Kingdom and elsewhere, in the arts (including in particular music, drama and danc81. 21 Tha r81i81 of financial hardship. either generally or individually, of people living in the Uniled KingdcAm or elsewherg by.. al Providing such persons with gc(rfls an(Vorservices which they could not othemise afford through lack of means., bl Making grants of money for providing or paying for items, services or farylilies. The Inspir8 Arts Trust has continLwJ to show grK*J growlh ovor this past year which is very encouraging. We are delighled lo outline the developmenl accomplished in each area. The DirectorsrusteeS have complied the ChariliesAcl 201110 have due regard lo public benefit guidance published by the Charity Commission. Bristol Acad•rny of Live Perfonning Arts (BALPA) We are now seeing over 215 people with more trialing classes and individual lessons each week (please note this number does not indude the older people's sessions). Our goal is to keep increasing the nurnbers corning lo the classes and therefore we are increasing our marketing and targeting Ioc81 schools as much as we can to see this increase. There are some classes that if we don't have numbers increase. or receive any funding in, we would need to cancel which would be a real shame. We were absolutely bursting at the seams for our BALPA Christmas Shows. We had over 330 attend and had around 150 children perfomi. Those who attended loved the show and we gol 2 bursary donations totaling £120 on the day which has never happened before! In the Summer we had the same attendan and numbers perfomiing. As well as reIving a £100 donation for the bursary fund on the day, we have also had 2 businesses interested in donating lo the bursary fund, one who then gave in Autumn 2025. The shows continue to be a great opportunity to see how the children and young people have progressed over Ihe year and lo hear the positive comments from the parents and supporters who attend about the impact BALPA has on their child's lives. In September we held another successful open day with well over 100 attending. The weather
THE INSPIREARTS TRUST TRUSTEES REPORT YEAR ENDED 31 AUGUST 2025 was very varied. but this didn't affectthe attendance. We didn't have as many sign up on the day this time to join BALPA bul they have since booked in during the term which is good. We were supported by the Round Table who brought their bouncy castle which was a pull to bring people in and meant they helped plug the event beforehand as well. In September we launched our new quiet dass which is for children who struggle with loud noise and have diagnosed or undiagnosed additional needs. This has been a huge success. The best way for us lo tell you about the effect of this dass is in the words of one of th8 attendees. When she came to the cl888. she was a selective mute who used cards to communicate and wouldn't speak. After 10 weeks of the lerni, she made a video herself for the lulors and spoke about the impact the class had on her.. 'Laura and Alice are my Quiet Class tutors. I want to tell them what a difference they make and how important Quiet Class is for me and my friends. In most dance classes there's lols of children and il's really loud. I find it scary, but I can't talk to tell anyone. Laura and Alice know l find il hard talking to people, so they never expect me to talk. I like helping with Ihe dance moves. il makes me feel listened to even if I can't talk. They are super at knowing if we are struggling and they ask us if we need a break for a bil. We can stop and have a play, and they have fun playing with us, so we never worry about needing a break. If any one of us is struggling with a dance move or doesn't like how it feels, Laura and Alice are kind and understanding and ask us if we'd like to change it. Dancing makes me happy,11 helps me feel less shy and worried. When I'm dancing il helps me forget about everything I don't like, like medicine and hospital. When I'm in hospital I can't go to Quiet Class, bul the dances change every week. so I don't feel left behind. Because of Laura and Alice, I've been brave enough lo join Musical Theatre dass and make up my own dances and show everyone in Quiet Class. Every week I go home and show the new dance lo my family, and it makes me feel proud." The older p6ople's work this year has had mixed success. We initially stsrted Sing Out! and th8 Intergenerational Movement Class al Caedmon bul found although people were interested, they didn't like coming to new places. In an effort lo try and work round this. we met in a local assisted living facility, Grace Lodge. The Inlergenerational Class now happens there on a weekly basis and the sIdentS and young children are loving itl We are holding 'Sing Oull, al the over 60s Tea room in Thornbury once a month. and holding another one once a month al Grace Lodge and are looking for places lo hold the other 2 weeks to build up interest. We did hold 2 Christmas Sing Ouls al Caedmon which the older people did attend and thoroughly enjoyed. The Management has changed at Grace Lodge and the opportunities we had previously, are no longer there sadly. Moving forward into 202512026 Sing Out will happen once a month at our complex. Due to demand, we ran activity days in October, February. Easter. May and Summer holidays. In Easter and the Summer we received funding from South Gloucestershire Council through the Holiday Activity Funding lo help fund 12 places per day for children on benefit related free school meals. The council came and reviewed the days we offered and we were 8W8rded Green. the highest possible rating. for what we offered. After reviewing our summer activity days, we decided to decrease the number of children each day to 30 (we had previously increased our numbers lo 351 as we had a lol of no shows each day, however this was not the case in the summer. Having seen the summer budget and worked out the numbers, we have decided to put 2 paid assistants on each day to take away the reliance on young volunteers and ensure we have more trained people to help in the room on the day. We started to market the BALPA parties at the Activty Days in summer 2024 and this has taken
THE INSPIREARTS TRUST TRUSTEES REPORT YEAR ENDED 31 AUGUST 2025 off. We have several parknes that have happened or have booked in so far. This helps in terms of rent for Caedmon but every child who comes goes away with a BALPA leaflet and we have had children sign up to join BALPA just from (x)ming to party. You can see from this comment we received from one of the parents that this has been a roaring success-. "l just wanted to drop you a message and say a massive THANK YOUII Lizzie, Eddie and the team were fanlaslicl T absolutely loved her paty and had the best time with her friends. Lots of the children said il was the best party ever, so thank you all for making a little girl's dreams come truel- Awards As we mentioned on our last report. we are now running more awards for young people. Throughout the year we had 50 awards being worked on which include.. Arts Awards at Bronze, Silver and Gold Level South Gloucestershire Volunteering and South Glouceslershirè Youth Award Dance Leadership Level 1 and 2 ASDAN Volunteering and Expressive Arts Awards This is something we are want to do more - to train up the fvture teachers of BALPA and give them nationally recognised qualifications. We are especially proud of our 4 students who have gained their Dance Leadership Level 2 Qualification which allows them lo leach dance. This was a new qualification for us this year and we have received fantsstic reviews from the external verifier who checked the work. Moving forward in September 2025 we start a partnership with SGS College lo run Sports Leaders Level 2 awards with all their coaching stsff. Inspire staff will be delivering Unil 1 in the college and be helping with the assessment and administrative side of the awards. We will also be starting delivering Bronze and Silver Arts Awards for students of KLB School who will be coming to Caedmon lo complete these. This is part of a wider programme within the school to develop other non-a¢ademi¢ opportunities for pupils and Inspire is delighted lo be a part of this. Communlty We once again participated in Thornbury Fun Palaces in October 2024 and had children come and try tasters of Street Dance and Musical Theatre which again helped to increase awareness of what we do. In November 2024 our children also perforyned al Thombury Christmas Lights Switch On. 11 was a g81 opportunity for the children to perfomi. The stand wasn't as successful due lo the layout of the whole fayre, sadly the charity stands were away from the fun fayre and food stands which meant there was not as much foot fall. This is something we hope to address wilh the organisers ahead of next yearfs lights swtch on. We have run classes for local Brownies and Rainbows groups which the groups have paid for. These have been a great success and one parent C811ed the next moming saying how desperate her daughter was to join BALPA and immediately signed her up! Wellbelng As we mentioned last timo, Zoe was starting some welltoing sessions for the BALPA mums and other female residents of Thombury. These started in October with a Peace, Health and Wellbeing session and then continued in November with relaxation sessions and January with 3 wellbeing sessions and July with another relaxation session. We have seen around 100 ladies so far attend these. It has been great to help these murns make lime ft)r themselves. 1000/0 of the ladies who answered our survey said they would CLsme back and that they felt the sessions had helped their mental health.
THE INSPIREARTS TRUST TRUSTEES REPORT YEAR ENDED 31 AUGUST 2025 As part of our Wellbeing offering Zoe has trained as a Templespa consultant. TempleSp8 are a wellbeing skincare brand and what they offer fils really well with what we are runnin#hrough our Wellbeing sessions. The profit from this all goes through Inspire and the profil gained helps towards the bursary fund. In the last year we have raised £1800 for the bursary fund through this. It's also a great chance for us to advertise BALPA to the ladies we meet. Personnel We have continued to grow and recnjil new lulors this year which is fantasticl One tutor was on malemity leave this last year but we were able lo cover this and are delighted lo have her back with us in September 2025. One of the very excits'ng things for us is we have our first two Dance Leaders who are now leaching for BALPA. It is exciting to be able to train young lead8rs and see them grow into teachers and we hope to do even more of this in the future. This year il has been fantastic again to see the grovrth in Inspire. We are indebted lo our amazing workers, funders. volunteers. management team and Trustees who are so passionate and hard working in delivering excellent and rewarding experiences for all the young people who attend. Governance Peter Davies was appointed as a Trustee in January 2025. Flnanclal RevSew Fundlng We are very grateful lo Garfield Weston and Children In Need for their Core Cost funding donations given in this financial year. Reserves pollcy The Trustees have established a policy whereby the unreslricled funds not committed or invested in tangible fixed assets I"Ihe free Serves") held by the charity should be between 3 and 6 months of the unreslricled expenditure, which equates lo £22,500 10 £45,000 in general funds. Al this level, the board of Trustees feels Ihal il would be able lo continue the current activities of the charity in the event of a signrficant drop in funding. It would obviously be necessary lo consider how the funding would be replaced or activities changed accordingly. Al the balance sheet dale, the free reserves were £5,683, they have increased since the last year which has been good lo see but are not as high as we would ideally like lo improve the resilience of the charity. There are some funds already given for Ihe next financial year lo help towards core costs and therefore the Trustees feel confident Inspire will continue lo grow. The Trustees are of the opinion Ihal Inspire remains a going concem bul are continuing lo keep a careful eye on the situation. Investment Powers The Trustees can invest in any stocks. funds. shares, securities or other investments of whatsoever nature as the Iruslees shall. in their absolute discretion, think fil.
THE INSPIREARTSTRUST TRUSTEES REPORT YEAR ENDED 31 AUGUST 2025 Investment policy income is ulilised within a short time afler receipt, the Truslees consider that the most appropriate policy for investing funds is to place them on short-term deposit. Riskmanagement The Trustees reviewed the risks of the charity and the risk register was discussed in August 2025 by the Trustees. The main risks. control factors and actions have been identified as follows.. Risk.. Insufficient staff & volunteers for activities lo support children and young adults. Controls: Ensuring every activity follows the guidelines and there are sufficient personnel involved Ensuring the correct numbers of First Aiders and Fire Wardens are available. Review the NSPCC guidelines each year and ensure these are being followed. Ensure no activity goes ahead without sufficient personnel present. Risk.. Inadequate cashflowto meetrequirements. Controls: Regular monitoring ofcashflow byGeneral Manager. Budgeting of key areas of work. Maintaining adequate reserves. Recruiting more students al every opportunity. Actions.. Continue to monitor cashflow and build reserves further. Recruit more students to ensure this happen. Risk.. Lack of funding lo support the worf( of the charity. Funding bids are being produced and submitted. Regular funding being consolidated through BALPA. Controls.. Bursary funding is especially important as families will be struggling with the cost of living. Continue lo develop the publicity of BALPA to increase venUeS. Action.. Develop more bursary funding as funds have been depleted. Look al ways other than funding bids lo raise this money. Risk.. Risk of reputational damage from adverse publicity. Controls: Good safeguarding procedures. Monitoring of social media and linked sites. Social media policy issued lo all stsff and volunteers. Action.. External publicity plan and procedures The Trustees have continued to review the risks this year, with more regular financial updates and being kept appraised of funding successes. The Trustees will continue to monitor the risks bul are happy with how Inspire is progressing. Future The charity plans to continue to grow and develop BALPA over the next few years and is looking to continue lo broaden ils work wilh schools and also make key partnerships with other organisations to enable this grcmth to happen. The charity is keen to keep developing its links into the local community and looks for every opportunity to grow these where possible. Trustees TheTruslees,whoaredirectorsforthe purposeofcompanylaw,whoservedduringtheyear and up to the date of this report, are set out on page 7.
THE INSPIREARTS TRUST TRUSTEES REPORT YEAR ENDED 31 AUGUST 2025 Statement of Trustees. Responsibilities The trustees (who are also directors of The Inspire Arts Trust for the purposes of company lawl are responsible for preparing Ihe Trustees. Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards, including Financial Reporting Siandard 102= The Financial Reporting Standard applicable in the UK and Republic of Ireland {United Kingdom Accepted Accounting Pracbcel. Company law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the income and expenditure, of the charitable company for that period. In preparing these financial statements. the Trustees are required to: select suitable accounting Fdicies and then apply them consistently,. observe the methods and principles in the Charities SORP- make judgments and accounting estimates that are reasonable and prudent; slate whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial stalemenls,. and prepare the financial slalemenls on the going concem basis unless it is inappropriate to presume that the charitable company will continue in business. The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy al any lime the financial position of the charitable company and enable Ihem to ensure that the financial slalements comply wilh the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Small company provlslons This report has been prepared in accordance wilh the special provisions for small companies under part 15 of the Companies Act 2006. RegiSted office.. Signed by order ofthe Trustees Caedmon Complex Bristol Road Thombury BS35 3JA R Collier-Keywood Trustee Approved by the Trustees on sthApr412026
THE INSPIRE ARTS TRUST REFERENCE AND ADMINISTRATIVE INFORMATION YEAR ENDED 31 AUGUST 2025 Charity number 1111784 Company number 05202978 Company secretary Mrs N R Goudie Trust••s The trustees who served during the year and since the year end were as follows.. Mr RD Collier-Keywood Mr WD McGinn Mr S Cavanagh Mr P Davies IAppointed23January2025) Reglstered offlce Caedmon Complex, Bristol Road. Thombury. BS35 3JA Indèpèndent Examlner Joshua Kingston BSC. FCA. Burton Sweet Limited. The Clock Tower, 5 Fadeigh Court, Old Weston Road. Flax Bourton. Bristol. BS48 1 UR
THE INSPIRE ARTS TRUST INDEPENDENT EXAMINER'S REPORT TO TRUSTEES YEAR ENDED 31 AUGUST 2025 I report to the charity Iru5tee5 on my examination of the acwunts of the Company for the year ended 31 August 2025 Re$pon$ibilitig$ and ba$1$ of report As the charity's trustees of the Company land also its directors the purposes of company18wI you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 20061'the 2006 Acl'l- Having satisfied myself that the accounts of the Company are not required lo be audited under Part 16 of the 2006 Act and are eligible for independenl examination. l port in respect of my examination of your charity's accounts as rarried oul under seclion 145 of the Charities Act 2011 I'the 2011 Act'l. In carrying out my examination I have followed Ihe Directions given by the Charity Commission under section 145151 Ibl of the 2011 Ad. Indgp8ndent $xamingrfs ststoment I have completed my examination. I confimi thal no matters have come lo my attention in connection with the examination giving me cause lo believe.. aOntIng records were not kept in resped of ihe Company a$ required by sertion 386 of the 2006 Act,. or the accounts do r1 accord wth those records; or the accounts do not comply with the ae¢ounling requirements ol section 396 of the 2006 Act other than any requirement that the accounts give a 'lwe and fair view which is not 8 matter considered as part of an independent examinalion., or the accounts have not been prepared in accordance wth the methods and principles of the Slalement ol Recommended Practice for accounting and reporting by charities applicable lo charities preparing their accounts in accordance wth the Finanaal Reporting Stsnd8rd applicable n the UK and Republic of Ireland IFRS 1021. I have no concerns and have come across no other marters in connection with the examination lo which attention should be drawn in this report in order to enable a proper understsnding of the accounts to be reached. 8th April 2026 Joshua Kingston BSC. FCA Burton Sweet Limrted The Clock Tower 5 FOrteh Court Old Weston Road Flax Bwrton Brislol BS48 1UR
THE INSPIRE ARTS TRUST STATEMENT OF FINANCIAL AcnvmES (Including Income & Expenditure Account) YEAR ENDED 31 AUGUST 2025 Unr•strlct•d Funds Rèstrlct•d Fund5 Total funds 2025 Total fund$ 2024 Income from: Don81ions and grants Charitable activities Other income 10.988 86.366 546 25.359 2.563 115 36.347 88.929 661 16.941 57,303 655 Total Sncomè 97,900 28.037 125.937 74,899 ExndIture on: Chantable activitS 94.408 35.354 129.762 76.524 Total •xpendlture 94.408 35.354 129,762 76,524 Net IncomellaxndI1urnl 3.492 {7.3171 13.8251 11,6251 Transfe between funds 19671 967 Nèt movèm•nt In Fund8 11 2.525 16.3501 13.8251 11.6251 Total funds at 1 September 2024 4.920 12.509 17,429 19,054 Total funds at 31 August 2025 11 7.445 6.159 13.604 17.429 The chirity has no recognised gains or bsses other than the resufts for the year as sel out abovè. All of the aCtNit$ of the chanty are dassed as ts)nlinuing. The conyarnlNe funds a detsiled in note 15. The notes on pages 11 to 19 lomi part of these financial statements
THE INSPIRE ARTS TRUST BALANCE SHEET Company regigtratK>n no: 05202978 AS AT 31 AUGUST 2025 2025 2024 Fixed Assets Tangible assets 1.834 1.834 401 401 Current Assots Debtors Cash at bank 167 22,816 22.983 256 36,357 36,613 Crodltors .. Amounts tslllng duè wlthln one year Nel cuffent assets 10 11.213 19,585 11.770 17,028 Net assets 13,604 17,429 R•strlct8d funds Unr•strlctsd funds General funds 12 6.159 12.509 12 7.445 4.920 13.604 17.429 For the year endlng 31 August 2025 the company was entitd lo exemplK)n from audlt under section 477 of the Companies Act 2006 relating to Small CoMpans. Direclor3' responsibilities.. The members have not required the conwany lo obtain an audit of ils attounts for the year in question in accordance wrth sectKJn 476. The tlirectots acknovAe¢Jge their responsibilrties for ntying wlh the requ1mentS of the Act with respect lo accounting records and the prepara1n ol accounts These accounts have been prepared in acLordance with Ihe provIsnS applicab lo companies subject lo the small compan$, regirre. These financk41 statemgnts [B approved by the Twstees on thAwd".202&.... and are sKJned on their bahaW by.. R Collr-Keywo0d
THE INSPIRE ARTS TRUST NOTES TO THE FINANCIAL STATEMENTS AS AT 31 AUGUST 2025 Accounting policies al The financial statements have been prepared in accordance wth the Slalement of Recomrnended Practice.. Accounting and Reporting by CharitEs preparing their accounts in accordance with the Financial Reportin9 Standard applicable in the UK and Republic of Iland (FRS 1021 tssued in October 2019 and the Financial Reporting Sl8ndard applicab in the Unrted Kingdom 8nd Republ of I1# IFRS 1021 and Compani&8 Act 2006 and UK Generally Accepted Practice as it appIS from 1 January 2019. The charity can continue as a going COnM. The TnJstees have noted that atthough the reserves are still under the resetwes poIY kvel, they have increased since last year. Also the numbers of children have ncreased up to 250 on average for the 202415 year so we expect these lo In¢aSe even more in the The Tnjstees consKler the chariiy lo be a publ benefrt entity as defined under FRS102. bl Incom& from donatK)ns is indudèd in thè accounts when the charily becomes entillod to r(, rgceipl is probable and the value can be measured relrJbly. except a5 folbw5'. l. When donors specfy that donations gwen to the chaiity nvJst be used in future accounting perigds. the Sncome is deferred until those periods: 11. When donors impose conditions which have lo be fulfilled before the charity becomes enlrtled lo use such income, the income is deleNed unlil Ihe p(8-condilions have been met. cl Grants, including grants for fixed assets, are recognised wthin the accounts as they become receivable. Grants received in the accounting period in respect of future accounting periods a deferred until those periods. All materi81 gr8nls are disckjsed in accordance with the Slalement ol Recommended Practice, dl Expendf(ure is accounted for on an ac¢ruals basts and has been dassrfipd under headings Ihat aggregate all costs related lo the category. Charilable expenditu comprises those costs incuffe¢J by the enlily in the delivery ol ils activities and 8&rvices for ils bèneficiaries. 11 includes both costs that can be allocated dirèctly lo such actwilies and those costs of an indirect nature necessary lo support Ihem. Goveman¢e ¢osts include those St$ as$o¢kated with nEeting the nStitutiOnal and statutory requirements of Ihe enlKy and include the audrt fees and cosls linked lo the slralegK managemfrnl of the enty. They have been included wlhin support costs. All costs are allocated between the expenditure categories of the Stalen*nl of Financial Activit5 on basis designed to reflect the use of the resour. Costs relating to a particukr a¢tivrty are allocated directly, others a appOrtned on an appropriate basis. el Tangible fixed assets costing nK>re than £100 are caprtali8ed and indut1ed at cost including any incidentsl expenses ol acquisition. Depreciation is calculated so as lo write off the cost ol an asset. less its eslimaled reslyual value, over the useful economic lrfe of that asset as folk)ws'. Officè Equipment - 33% p.a Slraight line Fixtures & Fittings- 25 /0 p.a straighl line Technical EqUipEnt - 20°A p.a slraMJht line fl Debtors are cogniSed at the se[tIeEnt amunt due after any trade discount Offed. Prepayments are valued at the anUnt prepaid net of any trade discounts due. gl Cash al bank and cash in hand includes cash and short term highly IHJuid inveslrrEnts with a short maturity of three months or less from the dale of acquisrtM)n or opening of Ihe deposit or similar account. hl Creditors and prDvisions are re¢x>gnised where the charity has 8 pwpsenl obl%J8lK)n $vIng from 8 past event that will probabty result in the transfer of funds lo a thi1 party and the arUnt due to settle the obligatK)n can be EaSured or estimaled relkqbly. Creditors and provIsnS are nomially recognised at their sèttleThnt amount aftgr alk)wing for any trade (Jis¢ounts due.
THE INSPIRE ARTS TRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 AUGUST 2025 Accounting policies - continued il Funds held by the Chaiitab company are either. Unreslncted funds- these funds can be used in accordance wth the Charitab objects at the discretion of the Truslees. Re51ricled funds - these fund5 can onty be used for the 5pecJfic purpose designated by the donor. D85ignaled funds 8r8 fund5 Set 3sKle by the Trustees out of unrestricted funds for specrfic future purposes or projects. In¢om• from Donation$ and Grants Unrestricted Funds Restricted Funds Total 2025 DonalK)ns Grants Grft Ai(J rec8iv6d 588 10.400 775 24.525 59 1,363 34,925 59 Prlor year ¢<)mparatlve Vnro$trl¢ted Funds Rg$trl¢ted Funds Total 2024 DonalKJns Grants Grft Aid received 500 1.250 554 14.559 78 1,054 15,809 78 191 Income from charltsble actlvltles Unrastrlcted Fund$ Rostrlcted Funds Totrl 2025 Bristol Academy of Live Perfofftng Arts Community aCtivrtS 84.748 1,618 2.563 87,311 1,618 Prlor year comparatl¥• Vnr•strlctgd Funds R•strlct•d Funds Totsl 2024 Bristol Academy of Live Perfoffwing Arts Community activf(S 55.765 461 1.077 56,842 461
THE INSPIRE ARTS TRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 AUGUST 2025 ExndItur• on ¢harltable a¢tiviti•s Support costs Direct costs Total 2025 Bristol Academy of Live Perforring Arts IBALPAI Communi(y activi¢$ Olher 123.071 1,462 1.209 2.814 125,885 1,462 2.415 1.206 Prlor year cornparative Dlrect costs Support Total 2024 Bristol Academy of Live Perfomiing Arts {BALPAI Community aCtivrtS Other 71.533 381 429 2.928 74,461 381 1,682 1.253 Support costs Pr•ml$e$ ¢osts Govrnan¢o Offl¢ ¢osts Total 2025 BALPA Other 868 372 1.563 670 383 164 2,814 1.206 1.240 2.233 547 4.020 Prlor year c¢)mparatl¥• Prèml8•8 costs Governanc• Office co8t8 Total 2024 BALPA Other 818 350 1.460 625 650 278 2,928 1.253 1.168 2,085 928 Support costs are allocated on usage basis. Prior year compaiisons have been stated in line with allocation for this year, to better rengct our costs Gov•rnanc• costs 2025 2024 Independent examinalK)n fee CompanEs House confirmatKJn statement Tax InvestatIOn serv 1.104 34 102 1,032 34 102
THE INSPIRE ARTS TRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 AUGUST 2025 Net incomellexpenditure) for the yeaf This is 5tsted after charging: 2025 2024 DepreciatKJn Independent Examinels fee Trustees. remuneration Payment of Trustees. travel expenses 434 1.104 76 1,032 1.538 1,108 Staff costs and numbers The aggregate staff costs were.. 2025 2024 Wages and salaries Social se¢unty Pension costs Contract staff 31.650 566 432 38.537 71,185 20,235 25.789 46,028 No member of staff received emlumènls of mre than £60,000. The average number of employees Iheadcountl during the year were 512024.. 31 No Irustegs CeIVed renuntIon during the year {2024.' None). Taxatlon The Chaiity is oxompt from corpOraln tax on its ¢haiitablg adNitKgs. Tanglble fixed $$ets Flxturas & Flttlng$ T•chnlcal Equlpm•nt Offlc• Equlpment Totsl Cost At 1 September 2024 Additions in the year Disposals in the year Al 31 August 2025 140 1.968 231 150 2,049 268 1.749 2,376 1,980 290 140 2,017 Depreciation At 1 September 2024 Charge for the year Depreciation eliminated on disposals Al 31 August 2025 122 18 140 1.585 104 37 1,652 268 312 1,975 434 177 2,232 580 Net book value Al 31 August2025 397 1,437 1,834 Al 31 August 2024 18 383 401 14
THE INSPIRE ARTS TRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 AUGUST 2025 Debtors 2025 2024 pDaYmentS Other debtors 108 59 256 167 256 10 Credltors: amounts falllng du• wlthln ono y•ar 2025 2024 Olher creditors Trade creditors Amount due to NGM Trust Taxation and social security Accruals and deferred incLJ 3.183 24 283 657 7.066 2,398 1,639 155 15,393 11 Movement In funds Year Endod 31 Auaust 2025 1 September 2024 31 August 2025 Incomo Exp•ndltur• Transfer8 Restrlcled funds BALPA BursaN fund Youna Volunteers Proaramme Eartv HelD Grant Quartet Communilv Fund Socielv of Merchant Venturers auartel - Older Peoole's work SGC Communilv Food Fund SGC Holid8v Activilv Fund Children in Need SGC SDarks Grant 2.252 1.095 1.984 1.978 5.200 3.373 1.247 (6.3401 11.6161 12.1811 12.8581 14.2001 14.2941 14.3431 13.6641 15.7981 1601 770 55 726 197 1.013 133 1.000 437 1.770 16041 2.202 440 4.731 6.113 3.060 8.000 500 Unre$tri¢ted fund$ Desiqnated Inspire fundraisinq General funds 820 1501 (7701 197 Total funds
THE INSPIRE ARTS TRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 AUGUST 2025 11 Movemont In fvnds l¢ontlnuedl Year Endod 31 Auqu$t 2024 1 September 2023 31 August 2024 Income Expenditure Transfers Restricted funds BALPA Bursary fund Younq Volunteers Proqramme auartel Foundation Grdnl Earty Hèlp Grant D'oyly Carte Grant Wellbeinq Grant (One You) Thombury Town Countil Stoke Park TTC DeveloDmenl Grant SGC Area Wde Grant Woodward Charitable Tnjst SGC Cost of Livino Grant County of GIouc8St8rshir9 SGC Food Fund SGC Holiday Activity Fund Stoke Park - Quartet community Society ol Merchant Venture 7.120 107 536 1.176 1,037 16.6381 1491 15361 594 2.252 1,095 1,984 1.984 744 668 540 2,177 3.000 2,000 17441 18051 15401 (2.1771 13.0001 12.0001 (1.1001 11.2001 14191 (1.1001 {1.0781 137 1.100 1,200 419 1.100 1,078 1.978 1,978 Unr¢strScted fund$ Desiqnated - The Foyle General funds 726 11321 55 006 15941 137 Total funds BALPA 8ursary fund This fund represents donal¥)ns given towards enabling disadvanlagetl young people lo access all the coutses and training we offer at a discL)unled rate, or free of charge through Bristol Academy ol Perfoming Young Volunteers Programme This fund represents various donatnS for our Young Volunteer5 programm? to aim lo train them in teaching skills and gain awards such as Arts Award, Dance Leadership Award, ASDAN Awards and more. Earfy Help Grant This was given from South GlouCeStehe Councl for the year 24125 to help towards setting up pre-school aged dance dasses to aid s0uallsatn of pre4chool aged children post the Covid pandemic. Stoke Park - Quartet Community Fund This was given on the basis Il would be spent in the 24125 fin8nci81 ye8r to fvnd our quiet class which is for children who struggle wth noise and who may have additnal needs. Society of Merchant Venturers This was given on the basis tt would be spent in the 24125 linanual year to fund our WO 1th the older generalw)n (aged 50+1 that we started this year. We have approached Ihem lo ask rf the remairiing £1,000 can be Iransferred to the 2025126 financkil year.
THE INSPIRE ARTS TRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 AUGUST 2025 11 Mov8mont Sn funds IcontSnuadl Quart•t- Old¢r P•opl¢'$ Work This was given on the basis that (( woukj be spent betPen November 2024 - October 2025 to help fund our ¥%r)rf( wth the older geneTath)n (aged 50+1 that started this year. SGC Food Fund This was given to help provide food pa1$ for families in need and to fund lunches for children during the Activity Days we ran in Easter. May antl Sumnr school holidays. SGC Holiday Activity Fund This was given to fund 110 bursary places for our sUmnr aclivity days. Chlldr•n In N••d This has been gwen to fund our General Manager Iwrking for the Charity one day a week and also 6 hours per week of a receptionist for our class limes. SGC Sparks Grant This grant was given to help wn a community open day in September 2025. Quartot Foundation Grant This grant was given lo help e£Jver butsary pLg¢es for chiklren whosè families arè in severe financial diffi¢uKy. Part of it was given for our partnership wth Jwsaw la kjcal chanty work wrth children wilh additional n88dsl lo cover the costs of 2 tem worth of dasses for Ihe children and provide training for our stafflconlraclors on wlh chIldn vthh additN81 needs. D'oyly Carte Grant This was given lo help young Peop devekjp their inslwment and vocal skills through classes and Indfvidual lessons. W¢llbelng Grant lone You) This was given to help us set up adult dance classes in Thombury and Cadbury Heath to help encourage people lo nK>ve and lo improve ffnlal heamh as well. Thornbury Town Councll This grant was given lo help wn a communrty open day in September 2023. Thornbury Town Councll Development Grant This was given for 23124 financk41 year to help Inspire d8v8ksp netw)rks wilh other organisations through the funding of the Insp*e Co-ordinator. SGC Ar8a %Vlde Grant This was from South Gk)ucestershire Council to he fund the growlh of adult dan classes in 23124. Woodward Charltable Trust This grant was given lo help fund the SUrEr Actwiiy days SGC Cost of Llvlng Grant This was given to reduce the cost of Street Dance Junk)r classes lo allow parents to access these dasses al 8 duced cost and to allow burs8ry places lo be given lo familes in need. County of Glouc8stèrshlr8 Grant This was given towards fr(ness equipment for the Fitness for Sport dasses wih adolescent males We would also like to acknowledge the generosity of GarfEhd Weston vtho gave an unrestricted grant of £10,000 towards core costs.
THE INSPIRE ARTS TRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 AUGUST 2025 12 Analysls of nat assets At 31 Aullust 2025 Tangible fixed a55ets Other A55ets Total Restricted funds Unreslricled funds 6.159 5.611 6,159 7,445 1,834 Total funds At 31 Aullust 2024 Tangible fixed a$s•ts Other Assèts Total Reslricled funds Unrestricted funds 12.509 4.519 12.509 4,920 401 Totsl funds 13 Related Party transactionB During the year the company wa$ charged £29.991 (2024.. £16,602) by the NGM Trust in r8spe¢l of rgnt and adminislralion expenses. The Inspire Arts Tnjsl invoud NGM Tnjst £62512024.. £361 for costs incurred on their beham. Al the baLln sheet dale the chanty owed £283 12024.. £1,639) lo NGM TNSI. a charity in which Mr R Collier4eywood, Mr W McGinn, Mr S Cavanagh and Mr P DavEs are Trustees. Amounts due lo NGM Trust are disclosed as £28312024: £1.639} of ugditors falling wthin one year. The Trustees conskder themselve$ to be the key nwnagenwnt pewnnol abng wth the Chiof Exgcutivg Officer and General Manager. Total benefrts received by key management personnel and related partios during thè year *re £14.77012024.. £5,9151 There are no other related party 1rydnsactns other than those already disckjsed Ihrou9houl the financial stalemenls. 14 Company Ilmlted by guarantse The cornpany is limited by guardnlee and as such has no issued share capital. In the event of the company being wound up Ihe Ikabilrty of the mbe is linNied to £1 each.
THE INSPIRE ARTS TRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 AUGUST 2025 15 Comparatlve Ststemgnt of Flnanclal ktlvllle5 Unrestrictèd Restricted Total funds In¢ome from: DonalKJns and grants Charitable activities Olher Income 1,750 56.226 651 15.191 1,077 16,941 57,303 655 Totsl In¢om• 58.627 16.272 74,899 ExndIture on: charitab activrties 55.138 21.386 76,524 Totsl exp8n(Ilture 55.138 21.386 76,524 Net Incom•ll8xpendlturel 3.489 15.1141 11,6251 Transfer between funds 17311 731 Net movement In Funds 2.758 14,3831 11.6251 T¢tsl funds at 1 S•ptsmr 2023 2.162 16.892 19,054 Total funds at 31 August 2024 4.920 12.509 17.429