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2024-04-30-accounts

REGISTERED COMPANY NUMBER: 06380082 (England and Wales) REGISTERED CHARITY NUMBER: 1129513

Report of the Trustees and Financial Statements for the Year Ended 30th April 2024

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Kids Inspire

Contents of the Report of the Trustees and Financial Statements for the Year Ended 30 April 2024

Page Report of the Trustees ------------------------------------------------------------------------------------------------ 3 Independent Auditor’s Report ------------------------------------------------------------------------------------- 31 Consolidated Statement of Financial Activities----------------------------------------------------------------- 37 Consolidated Balance Sheet ---------------------------------------------------------------------------------------- 38 Balance Sheet ---------------------------------------------------------------------------------------------------------- 39 Consolidated Statement of Cash Flow ---------------------------------------------------------------------------- 40 Notes to the Financial Statements -------------------------------------------------------------------------------- 41

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REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2024

The Trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the audited financial statements of the charity for the year ended 30 April 2024. The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number 06380082 (England and Wales) Registered Charity number 1129513

REGISTERED OFFICE

Hargrave House Hollycroft Molrams Lane Great Baddow Chelmsford Essex CM2 7FW

TRUSTEES

S Carpenter (Chair to 17.09.24) N Tesseyman (appointed 23.07.24, Chair from 17.09.24) D Travis (Vice Chair) L Loon Y Spence C Dollery S White (appointed 26.09.2023) G Box (appointed 28.11.2023) D Price (appointed 17.09.24)

TRUSTEE RESIGNATIONS BETWEEN 1ST MAY 2023 – 30TH SEPTEMBER 2024

A Sleet -resigned 18.07.2023 M. Birchall - resigned 28.05.2024 M Carpenter - resigned 17.09.24 R Serrelli - resigned 17.09.24

CEO AND CLINICAL DIRECTOR

Sue Bell OBE DL

INDEPENDENT AUDITOR

Edmund Carr LLP 146 New London Road Chelmsford CM2 0AW

BANKS

SOLICITORS

CAF Bank NatWest Fisher, Jones, Greenwood LLP 25 Kings Hill Avenue 5 High St 16 Baddow Road West Maling Chelmsford Chelmsford Kent ME19 4JQ Essex CM1 1FZ Essex CM2 0DG

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Contents of the Report of the Trustees and Financial Statements for the Year Ended 30th April 2024

1. Introduction and Overview from the Chair of the Trustees ..................................................................... 5
2. Objectives and Activities ........................................................................................................................... 6
3. Achievements and Performance – Our Impact in Numbers ..................................................................... 7
4. Services and programmes ....................................................................................................................... 12
5. Clinical Team ........................................................................................................................................... 17
6. Staff Wellbeing ........................................................................................................................................ 17
7. Case Study – a therapeutic journey ........................................................................................................ 18
8. Premises .................................................................................................................................................. 19
9. Staffing Structure .................................................................................................................................... 19
10. Improving Environmental Impact ........................................................................................................... 19
11. Marketing & Communications ................................................................................................................ 20
12. Fundraising .............................................................................................................................................. 21
13. Financial Review ...................................................................................................................................... 22
14. Risk Review .............................................................................................................................................. 23
15. Plans for the Future ................................................................................................................................. 25
16. Constitution and Governance ................................................................................................................. 26
17. Statement of the Trustees’ Responsibilities ........................................................................................... 28
18. Appendix A: Staffing Structure ................................................................................................................ 30

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1. Introduction and Overview from the Chair of the Trustees

A year of growth and development

2023-24 was another successful year in which Kids Inspire continued to grow and to reach out to more children, young people and families. We achieved very positive outcomes in an environment that remained challenging, and our thanks go to all the supporters, staff, volunteers, donors and others who have contributed so much. The need for our services has never been higher and the nature of the needs we are seeing are ever more complex. So it is with mixed feelings that we look back with pride on a successful year. Mixed because while we rightly celebrate the fruits of all the dedication, skill and hard work of all who are involved with Kids Inspire, it is sad that the need for the services we provide continues to grow apace. For as long as those needs remain, we are committed to meeting them.

In the past year we have delivered a higher volume of services, to a larger number of beneficiaries and in more areas that ever before. We delivered just over 51,000 support activities and over 11,000 people were supported by Kids Inspire across all our support programmes.

Kids Inspire’s income for 2023-24 was up 20% at £2.3m. This is a remarkable achievement against the background of continuing cost of living pressures and funding constraints that affect our supporters, funders and donors. Kids Inspire is affected by the same inflationary pressures as everyone else. In 2023-24 we saw our total costs increase by 15%, but thanks to very careful management of the organisation and its finances, we ended the year with a surplus of income over expenditure of £37,951 compared to a deficit in the previous year of -£53,498.

Looking to the future

Kids Inspire is a forward-looking charity. We continually develop the range and effectiveness of the services we provide today but we also plan and prepare for the future. As a result of the work we have done, with the support of Impetus and others, we now have a revised and clarified focus on who we can most effectively support and the outcomes we can most effectively aim for. These are detailed in the report that follows. The effect of this is that Kids Inspire is well positioned to grow and develop further so that we can impact the lives of more young people.

Thank you

I am delighted to be able to present a positive annual report at the end of a very successful year. It means that more children, young people and families were supported, and we had a positive, life-changing impact on more people. However, none of this is possible without the support, hard work and dedication of so many people. I want to say a heartfelt thank you to everyone who has played a part, whatever that part has been. Once again, we know that the future we are moving into will remain challenging but with your ongoing support we will meet those challenges as we rededicate ourselves to making a difference to the lives of more and more children, young people and families.

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2. Objectives and Activities

Kids Inspire supports children, young people, and families to build their futures and reclaim their lives. Since 2007 our qualified, experienced specialist team has delivered bespoke mentoring, trauma informed therapy, training and activity packages which empower children and the adults in their lives to make positive choices and reach their potential. Our service is child-centred, and we offer evidence-based, cutting-edge therapies alongside innovative interventions and community-based support.

Policies and objectives

The charity has been established to:

These objectives are pursued through several activities, some of which are funded by local authority grants, but the bulk of which are made possible through the generosity of charitable trusts, companies and individuals, including many volunteers.

Activities fulfilling the Charity's objectives

General core services of Kids Inspire are:

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These services focus on healing and empowerment (with a desire to increase the focus on prevention) for children and families affected by the following:

Abuse (neglect, physical, sexual, and/or emotional)

Public benefit

The Trustees paid due regard to The Charity Commission's guidance on public benefit throughout the year. Providing educational, practical, and emotional support to vulnerable young people has a direct benefit both to the children and the wider public as it strengthens relationships, reduces crime, and creates responsible citizens capable of participating in their communities.

There are no unreasonable restrictions that would prevent children in Essex and beyond from benefitting from Kids Inspire’s services, and the charity does not charge children or their parents/carers for services and support offered. The benefit provided to the public is consistent with the charitable aims of Kids Inspire.

  1. Achievements and Performance – Our Impact in Numbers

Support and therapy beneficiaries

From 1473 new referrals for children and young people, we supported a total of 4532 people:

Presenting issues

65% of referred children have four or more presenting issues, a 7% rise on last year. In contrast, we see the number of young people being referred with one, two and three presenting issues drop. This rise and fall mirrors what young people and families tell us about the complex challenges young people are facing when seeking support and explains the ever growing demand for intense therapeutic support.

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Referrals, Demographics, and Diversity: understanding our context

Diversity and Equality

Kids Inspire remains committed to fostering an environment of understanding and sensitivity to issues of equality, diversity and inclusion (EDI), towards both our staff and our beneficiaries. We know that EDI is an ongoing process of integrating learning. In support of this we offer in house training to staff, conduct staff surveys and monitor referral data.

The EDI forum, set up in 2022 by Kids Inspire for professionals within Essex-based non-profit and charitable organisations, continues to meet quarterly. This provides a space to talk about equality, diversity, and inclusion, and is an opportunity to learn, share and support one another.

Referrals

Kids Inspire receives referrals from a range of sources. This year, the trend remains similar to previous years. With a combined total of 78.8%, most referrals come from schools or directly from families.

Kids Inspire has very well-established relationships with the Essex and Southend school network. This year that network has started to expand as we began our pilot project in Suffolk.

Signposting is very important to Kids Inspire, and we are part of a network of mental health and wellbeing services that work best alongside one another. Many families contact us seeking support, and we will always try to signpost if there is a more appropriate service to meet their needs.

Referrals split by percentage:

Ages

The largest proportion, 87.4%, of the young people we support are between the ages of 5-15. This remains consistent year on year.

----- Start of picture text -----
3% 1%
8%
45%
43%
0 to 4 5 to 10 11 to 15 16 to 18 19+
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Ethnicity

This year our impact data shows that the largest proportion of service users who chose to disclose their ethnicity are English/Scottish/Welsh/Northern Irish, at 49.3%. The second largest proportion, 44.6%, preferred not to disclose this information. Disclosing ethnicity is a personal and subjective decision, and while it helps us understand who is accessing our service, its disclosure is optional.

English/Scottish/Welsh/Northern Irish - 49.3%

Gender

This year, as with previous years, the gender balance of our beneficiaries remains consistent. This year we provided the option for people to express their gender identification outside of the female/male binary, in addition to prefer not to say.

Disability, additional needs and neurodiversity

36.6% of people referred for support reported a disability, additional needs and/or neurodiversity on their referral form. These include:

ADHD/ADD

Our therapists incorporate awareness of disabilities and neurodiversity in their work, adapting their approach to meet the child’s additional needs while improving their emotional wellbeing.

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Our neurodiversity specialist therapists have provided in-house training to support our clinical team. Alongside this there have been opportunities throughout the year for skills sharing, development and understanding of working with children and families who are neurodiverse.

Identifying our new target population

Through the driving impact workshops, delivered by Impetus in early 2023, our target population was refined. Two key refinements were a return to supporting young people who are socio-economically disadvantaged, and who are disengaged from learning. Certain markers were agreed upon to help identify the young people and families who meet these criteria. These markers include household income, and school attendance percentage.

During this impact year, we started to collect data relating to these markers. The data reported here does not represent 12 months of data, as we only started collecting it in the latter half of the year. There were also refinements made along the way to ensure that what and how we were asking for this information was appropriate and remained balanced with the ethos of Kids Inspire. This data now provides us with a base line for future monitoring and reporting.

School attendance

We have data for 335 referred children, which shows that around a third of these children registered as ‘persistently absent’, below 90% school attendance. This is a positive indication that we are already supporting children in the revised target population.

SCHOOL ATTENDENCE
School attendance % Number of Individuals
(335)		 %
90%+ attendance 220 65.7%
Below 90% attendance 115 34.3%

Household income

The data for household income is in relation to 147 referrals. The data shows that, of this number, we have supported about 50% of families who may be considered to be from a lower socioeconomic background, or the ‘just-about-managing’ bracket.

HOUSEHOLD ANNUAL INCOME
Household annual Income
<£35,000		 Number of Individuals
(147)		 %
No 79 53.7%
Yes 68 46.3%

Geography – Long established and new ground

Kids Inspire continues to grow in response to service users’ needs and demands in the communities where we work, across Essex as well as Southend and Thurrock. This year, for the first time, we began to record and report on our presence in Suffolk as a result of our pilot programme, which began in January 2024.

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Percentages in the graph below are for referred children:

----- Start of picture text -----
3%
4%
9%
37%
19%
28%
Mid South North West Suffolk Out of Essex
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Comparison with Previous Impact Reports

Referral and Beneficiary Numbers: 5-Year Comparison 2023-2024 numbers

2020 2021 2022 2023 2024
Referred CYP/families 861 1077 1491 1555 1473
Direct beneficiaries 1162 1658 1856 2509 2861
Indirect beneficiaries 1635 1119 1899 1514 1671
Total number of beneficiaries 2797 2777 3755 4023 4532

Since 2019, our yearly referral numbers have increased by 83.7%, with the pandemic as a trigger point. This year, despite referral numbers slightly lower than the previous year, we have supported more people than ever. This may be due to our renewed approach of involving at least one parent for each referred child through either our EPIC parenting group or individual support.

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----- Start of picture text -----
Referral and beneficiary numbers: 5-year comparison
5000
4532
4500
4023
4000 3755
3500
3000 2861 27972777
2509
2500
1856 1899
2000
1658 1635 1671
149115551473 1514
1500
1077 1162 1119
861
1000
500
0
Referred CYP/families Primary beneficiaries Secondary beneficiaries Total number of
beneficiaries
2020 2021 2022 2023 20224
----- End of picture text -----

Presenting issues

This year, 65% of referrals report four or more presenting issues, which is a 7% increase on last year. This statistic has consistently risen over the past four years. It aligns with a national trend of young people’s emotional and mental health becoming more complex.

Anxiety remains the most common reason for referral at 66%. However, our referral data this year shows increases in young people being referred due to complex experiences, such as traumatic experiences (from 18.7% to 29.5%), abuse (from 5.3% to 14.5%) and domestic violence (from 9.6% to 11.2%). This context of significant traumatic experience explains the increase in referrals due to low self-esteem (from 35.6% last year to 43.5% this year).

Year on year increases across a range of presenting issues signals a worrying upward trajectory in the difficulties faced by young people and mirrors the national story. Children and young people are struggling with their mental health and wellbeing as they continue to process and make sense of the COVID-19 pandemic, whilst being increasingly impacted by other major issues such as climate anxiety and family financial pressures.

4. Services and programmes

Kids Inspire offers support under several projects and programmes. The largest is our Talk Together programme. It was created in April 2020 in response to the COVID-19 pandemic and is regularly reviewed to make sure it continues to meet the needs of our community. One size does not fit all, and we aim to support young people and their families with interventions tailored to their needs.

This year we have introduced a level 4 intervention. This offers 40 trauma resolution therapy sessions in response to the increased complexity in the emotional presentation of young people.

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Individual therapy

Kids Inspire provides support ranging from early intervention to complex trauma resolution. We do this through trauma informed creative 1:1 therapies including:

Therapy sessions for young people largely take place in person, but we also offer online sessions where appropriate.

Parenting support

We offer parenting support to almost all parents and carers who come to us. Parenting support is offered as individual and group support, online and in person, to ensure an accessible service. 1:1 support takes place with an adult trained therapist. We run two parenting group programmes, Empowering Parents Improving Connection (EPIC) and Neurodiverse EPIC. Our EPIC group was developed to meet an increasing need and demand for parental support.

EPIC feedback

EPIC Neurodiverse feedback

EPIC and Neurodiverse EPIC participant feedback

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Mentoring

Mentoring is an essential and vital step-down service for children after they have completed their therapy. Our mentors also support siblings when needed, or when an adult outside the home environment is needed to re-introduce the child into activities in the community.

We have a dedicated team of 73 trained volunteer mentors, and peer mentors who are young people aged 16 to 19 from local schools and colleges. 62 young people have been supported this year through mentoring.

We have trained new mentors in hard-to-reach areas across Essex. We have focused recruitment in areas such as Clacton, Harwich and Ipswich to ensure that we can offer mentoring as step-down support where the need is great.

Views from mentors and families

Outcomes Star Analysis

The monitoring and evaluation of outcomes directly informs our service development, ensures quality of service and meaningful, sustainable change for our clients. As we expand into new areas and roll out our pilot project in Suffolk we are focused on and committed to growing with impact. The Outcome Star™, our primary outcome measure, is an evidence-based outcome tool that is completed in the initial sessions by the client, supported by their therapist. Involving clients with this process ensures that they are engaged in setting goals and helping to shape how their journey of change will unfold. In order to form a rounded assessment of change, a range of qualitative and quantitative MEL methods are used alongside Outcomes Star™ including:

In line with our commitment to grow with impact, we have started to develop a system for long-term outcome monitoring. This data will be gathered at three and twelve months post programme, and will provide qualitative and quantitative data to further inform service development and enrich our impact story.

Our Impact this year

This year our outcomes show that over the course of their therapeutic journey:

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Impact Beyond Clinical

Trauma Training – delivered to professionals and parents

We are dedicated to developing the knowledge, skills and confidence of people who support or parent children. Over nine dates this year, 854 participants attended our trauma informed practice training. These sessions are free and open to parents, carers and professionals working with children and families.

Feedback (averages created using feedback responses from all training sessions)

Training attendee feedback

Community Engagement

Our Community Engagement Team builds and nurtures relationships with the community and other organisations. This year they focused on schools in deprived areas across Essex, as well as raising Kids Inspire’s profile with schools new or unfamiliar with our services. Alongside this, they have also:

Feedback from a parent about PROM-Unity

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The Voice Adolescent Social Group

This long running step-down service for young people meets fortnightly. Its core aim is to foster confidence in young people who may struggle with social isolation and anxiety. As well as meeting regularly, The Voice also take part in group activities. One highlight this year was:

Our Voice Ambassador programme, for Voice members aged 18+, is being renamed and relaunched in September to become Voice Champions. Thanks must go to our two previous Voice Ambassadors Josh and Amelia, who have supported us brilliantly over the last few years.

Feedback from a parent about The Voice

Volunteering

Our committed team of wonderful volunteers continues to help us reach more people and make an incredible impact – we could not be without them. In the last year over 400 volunteers have gifted their time through:

220 of these volunteers supported with our Christmas appeal which allowed us to support 2850 young people across Essex. In total, 6724 volunteer hours have been given to Kids Inspire.

In June 2024 our volunteer team attended ‘VolFest’ as part of Volunteer week, and celebrated our volunteers and the support they give to Kids Inspire.

Overall Impact

What’s next?

Following a successful year’s partnership with Impetus we now look forward to the next three years of partnership with them, during which our focus is considered, purposeful and sustainable organisational growth delivering deep impact.

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5. Clinical Team

Collaborative working

Over the last year, the Clinical Allocations Team have focused on the efficient and appropriate delivery of therapeutic support to all clients, with the support from the Clinical Admin team. Through closer collaboration, strategies and standard procedures have been embedded into the allocation process to build and develop greater capacity in the allocation of cases and in streamlining the process.

The clinical team have also worked closely with the Community Engagement Team to support new areas of delivery and understanding on how to best support new clients and different demands. This work enables us to grow our presence and impact in both existing and new locations.

Collaborative working with the Marketing and Communications department continues to be positive. The department is supporting the clinical team to share with colleagues positive outcome stories. This enables therapists to see the work that is being delivered by their colleagues. We also regularly share news on research, psychotherapy and clinical delivery in our internal newsletter.

We see the importance that every Team at Kids Inspire has in impacting directly, and indirectly, on clinical delivery.

Working with clients

Our clinical team is built with a vast range of expertise and abilities to deliver a holistic and person-centred treatment to our clients. We have therapists that are also qualified to offer group work. An average of 60% of our groups are with parent carers of our referred clients and 30% are usually delivered in schools to children and adolescents.

Group work is focused on improving the quality of life of the families currently open to our service. By offering bespoke therapy support we foster positive mental health for the whole family alongside improving the children’s general mental health, behaviours and emotional wellbeing.

The clinical team also offer high qualified individual therapy sessions that are tailored to the client’s needs. The team are equipped to deliver the work, make informed decisions on the therapy delivery and formulation of treatment plans for positive outcomes. The team is able to safely manage caseloads and expectations upon our delivery.

To continuously support our client work, our therapists have access to clinical case discussions, are offered case management meetings and attend regular presentations of theoretical and meaningful topics suitable to the work we offer at Kids Inspire.

6. Staff Wellbeing

Staff wellbeing

Staff wellbeing has continued to be a priority over the last year, particularly as we navigate the changes currently being implemented across the organisation. The team have been included at each step of our journey and kept informed of why and how change in being effected.

A recent staff survey demonstrated that we are having success in delivering this in a way the team are comfortable with:

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Continual Professional Development

Continual Professional Development is a priority for the clinical team and therefore, Kids Inspire’s investment in the team is extensive and includes regular in-house professional development in embedded internal activities, such as:

Additionally, all staff are encouraged to seek professional development opportunities outside the organisation, and they may be supported with paid study leave to do so. The new learning is shared within the wider team, enhancing colleagues’ professional development and a collaborative way of working. As a result, individuals’ professional resources are broadened, which contributes positively to what the organisation can offer its beneficiaries.

7. Case Study – a therapeutic journey

Carl and his mother Debbie

Carl, aged 13, lives with his mother and his older sister. He was referred for support as he was suffering from anxiety and low mood, which was greatly impacting his self-esteem. Both of his parents were worried about Carl’s emotional well-being as this was affecting his ability to attend school, socialise and engage in any activities he had previously enjoyed. School became too difficult to attend regularly, and he seemed isolated with his feelings, finding it difficult to share these with anyone.

Kids Inspire offered 20 individual creative face to face sessions to Carl. These sessions helped Carl to explore and express some of his feelings and worries through the use of creative approaches. He initially found it difficult to find any way of self- expression, but with time he experimented with different creative resources and found a way to express his feelings initially through art and later through creating music.

Carl found ways that felt organic and comfortable to communicate his emotions, and over the course of the sessions his personality and sense of self strengthened. Towards the end of sessions, Carl had rekindled some old friendships, started to socialise again and reported being able to attend school.

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Individual parental support sessions for Carl’s mother, Debbie, provided a space for her to develop her understanding of Carl’s anxieties, and find new ways to respond to him. Debbie gained an awareness of her own emotional regulation so she felt more confident to coregulate, avoid joint escalation and could better understand what he may be communicating through behaviours. Towards the end of her support, Debbie reported changes in Carl, notably his mood becoming lighter, increased school attendance and socialising again with friends.

8. Premises

The charity continues to occupy the site of Hargrave House in Great Baddow, which is ideally located to provide valuable therapeutic sessions to service users from all over Essex. Other satellite bases across the county as well as in Southend, Thurrock and Suffolk, are utilised on a case-by-case basis as the reach of our service continues to grow.

9. Staffing Structure

Staffing structure is a key element of our strategic planning. We have successfully recruited a team of therapists in Suffolk to deliver the first phase of our growth. The organisation builds on stability and security by the ongoing employment of a core team of therapists and utilising contracted sessional staff for short term work. The whole team structure is shown in Appendix A.

10. Improving Environmental Impact

While KI’s primary focus is mental health and well-being, staff recognise the connection of environmental factors to mental health, with service users describing fears linked to eco-distress, which is a chronic fear of environmental doom. KI is committed to minimising its environmental footprint by implementing eco-friendly practices within its operations. KI formed an Environmental Committee to examine the charity’s impact on the environment and consider how it can be improved. The Committee has drawn up an agenda for change and is helping to drive action. KI’s Environmental Policy has been updated and the organisation’s carbon footprint is being measured with an action plan for this to be reduced. This includes adopting sustainable practices in the office, promoting energy efficiency, and encouraging responsible waste management.

An example of one initiative is the KI Pre-Loved project, where clothes are donated from households in Essex. Volunteers launder and repair donated clothes, then re-sell them at KI Pre-Loved events with funds raised supporting KI services for disadvantaged CYP and their families. The project helps reduce waste by keeping clothing in circulation for longer, reducing the demand for new clothing, and creating awareness about the environmental impact of the fashion industry. The project encourages a sustainable approach to clothing consumption, promotes recycling in the community and contributes to a reduction in waste.

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11. Marketing & Communications

2023/24 was a time of consolidation and continued focus on the charity’s growth plan for the marketing and communications team. Following the team’s formation in the previous year, there was an emphasis on professional development to support this goal. Our Digital Marketing Assistant was promoted to Officer at the start of 2024 and successfully applied to receive training from both Just Giving and TikTok.

We were also successful in applying for and securing a £12,000 investment in a Level 3 Data Literacy apprenticeship for the Communications and Marketing Manager from John Lewis. This investment demonstrates our commitment to ensuring the team has the most up to date knowledge, skills and experience to support our growth plans.

Focus for marketing and communications

We’ve continued to raise visibility of our work and make strategic partnerships, joining the Schools Wellbeing Partnership and supporting the Children at the Table campaign. These are both national forums and build on our membership of the Children and Young People’s Mental Health Coalition (CYPMHC) where we’ve contributed to round tables and policy discussions this past year.

This partnership work has also been a factor in two significant donations the team secured. The first was from WSP, of laptops for staff across the organisation to use; the second was over 150 games from Hasbro for therapists to use, replenishing stock of games which was broken or missing pieces.

Alongside this a new Marketing and Communications strategy has been written and agreed. It aligns with the three year growth plan and gives the team a firm direction. Core elements include developing a new cause campaign, looking at things we do such as training and how we can move to an income stream and raising name awareness of our work in Suffolk, and over time across the country.

Achievements

One of our proudest achievements, was this year’s campaign for Children’s Mental Health Week. Taking the theme of Your Voice Matters, we worked with a local songwriter and influencer, Sophie Griffiths, to create a song which featured a range of children all either saying or signing the reasons why their voices matter.

The video was viewed over 10,000 times, and importantly all our social media channels saw a spike in engagement, through follows, comments or shares. The campaign was also supported with a range of posts highlighting our work. This included one on the power of play therapy, which was shared by Hasbro globally, resulting in 12,000 views and over 400 engagements around the world.

Core work this year has included:

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Future plans

As our work as an organisation expands geographically, our focus is on new audiences. We want more people across the country, as well as in the areas we currently operate, to know who we are and what we do, with the goal being they support us in some way.

Over the next year we will be placing resource into growing our newsletter subscribers and refining the content and timing of these. Through use of a new platform, we will be able to segment and target our communications and marketing more effectively.

We will also be making the most of the investment in data, through the Data Literacy apprenticeship and we have started collecting consistent data from Q1 of 24/25. Once we have a year’s worth of data, we will have a benchmark on which to track forward over the next few years. Decisions on where to focus our efforts will be data led, we will go where we know we are having the most impact with our marketing and communications.

12. Fundraising

The Fundraising Team had another successful year achieving 27% above targeted 2023/24 budget, a total of 52.7% of total income.

A Jack Petchey intern joined the team, and they continued to increase levels of funding raised through new and existing trusts and foundations. The team‘s successful corporate partnerships with Pro Carrier and Laser Electrical raised unrestricted funds through special fundraising events.

Main funding streams for 2023/24 included:

National Lottery VVU Essex Matchroom
Impetus Tuixen Start Well
Children in Need Henry Smith Hodge Foundation
Essex Community Garfield Weston Childwick Trust
Foundation Fidelity Jack Petchey
Help for Children Leathersellers

The Events Team organised a varied calendar of social and challenge events over the year that raised a significant amount of unrestricted funds, including: Essex 2023 Cycle Challenge, May Ball, Golf Day, Christmas Shopping Event, Brentwood Half Marathon, Bingo and Pre-Loved sales at Head Office.

The continuation of strong results achieved by the Fundraising Team are also due to the ongoing generosity of our many donors in our community - individuals, businesses, clubs, schools and other organisations who raise money every year to help us fund our non-contracted activities.

Kids Inspire does not use a professional fundraising service and has not received any complaints from donors regarding its fundraising activities

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We are so grateful to our ambassadors, volunteers and supporters who participate in events, helping to elevate our profile within our community and support our fundraising initiatives.

Ambassadors, Pre-Loved Event Pro Carrier Golf Event Laser Electricals Fundraiser

Fashion Show, Ingatestone Hall Essex to Amsterdam, Cycle Event

13. Financial Review

Review of financial position

The charity demonstrated robust financial growth during the 2023-24 period despite challenging economic conditions characterised by high living costs and economic uncertainty. The charity’s income increased by £384,644, representing a 20.0% growth from £1,921,914 to £2,306,558. Although expenditure rose by 14.8% to £2,268,607, reflecting a 19.6% increase in staff numbers to meet rising demand and address living cost pressures, the charity managed to turn around its financial position. A previous year's deficit of £53,498 was converted into a surplus of £37,951 in the current year.

Restricted income constituted 67.3% (£1,552,699) of total income, slightly down from 68.7% in the previous year, indicating sustained success in securing funding for specific contracts and activities. Unrestricted funding saw a significant rise of 25.5% to £753,859, which has been crucial in supporting the charity's increasing operational costs amidst high inflation.

The charity has also successfully bid for large, long-term contracts with various funding bodies and local authorities, bolstering its financial stability. Despite these achievements, the charity acknowledges that the high inflation and living cost crisis in the UK, coupled with a slower economic growth, pose significant challenges and operational risks for the upcoming financial year. To mitigate these risks, the charity plans to leverage internal financial resources, implement cost-control measures, and enhance its fundraising strategy to ensure continued support for beneficiaries and their families.

The charity maintained strong cash balances, which stood at £1,329,649 as of 30[th] April 2024, showing a slight increase from £1,274,464 on 30[th] April 2023. In line with its strategic planning, the charity has increased its ringfenced cash reserves from £400,000 to £500,000. This reserve is earmarked for the

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potential acquisition of new premises, reflecting the charity's proactive approach to future growth and operational stability.

Permanent staffing levels within Kids Inspire will continue to be monitored and may grow at a modest rate in line with growth in the provision of services and the organisation’s strategy. Any resulting impact on costs should be offset by higher income.

Gifts & services in kind

Kids Inspire benefits from the services of many volunteers, who donate their time as individuals or participate via corporate partners in organised activities such as Lunch Club. This remained strong, despite the costs of living crisis. Our dedicated group of individual volunteers donate their time as mentors, and many also support our own events and fundraising activities.

During the financial year, especially during the Christmas and Easter periods, Kids Inspire received hundreds of donations of presents from corporate supporters, individuals, team members and other organisations. These are distributed to children whose family situation means they are unlikely to receive any presents at Christmas and Easter.

Reserves policy

The charity has set a target to maintain free reserves, defined as unrestricted funds excluding fixed assets and designated funds, equivalent to six months of annual expenditure. As of 30[th] April 2024, free reserves stood at £587,852, down from £640,151 the previous year. This decrease is primarily attributed to the increased annual expenditure driven by inflation and the expansion of the charity's activities. Consequently, the reserves policy requirement has risen from £987,706 at 30[th] April 2023, to £1,152,398 at 30[th] April 2024.

Additionally, the charity has designated £500,000 as of 30[th] April 2024 (up from £400,000 the previous year) for a deposit on the potential acquisition of new premises, as noted earlier. Given the need to ringfence funds for this acquisition, free reserves are expected to remain below the target level in the short term. However, this strategic allocation of funds underscores the charity’s commitment to long-term growth and stability despite the challenges posed by increased expenditure and the economic environment.

Investment policy

The Trustees have considered that the most appropriate policy at present is to maintain all surplus funds in the form of bank deposits. Although the return is nominal, the risk is low, and liquidity is maintained. This policy is kept under review, having regard to the level of funds available. Funds are deposited across a range of banks to take maximum advantage of the FCA deposit guarantee scheme.

14. Risk Review

The major risks are reviewed bi-annually, or more frequently if circumstances change, and systems and procedures have been established to manage each risk. A summary is provided below:

Regulatory and compliance

The work undertaken by Kids Inspire is subject to regulation by a number of mandatory professional bodies. Compliance spans each of our working teams and, as such, robust policies are in place to mitigate any risks associated with this. Risk Assessments are undertaken for all activities outside of our normal working practice.

Operational

Loss of key staff continues to be identified as a key risk to the charity. We have implemented a number of initiatives over the last 24 months to provide additional benefits to working for Kids Inspire. This was informed

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by staff surveys and exit interviews in order to inform us as to what staff saw as key areas to address.

Financial

Budgeting is always key to mitigating financial risk. A robust fundraising strategy with clear goals has been put in place and progress is monitored quarterly by senior leaders and Trustees. We continue to prioritise diversifying our income profile to mitigate risk to our income.

External

The current turbulence in the economic and political landscape is noted as the biggest external risk to the charity. Whilst there is little that can be done from the charity’s perspective to mitigate against this, it is essential that this is a consideration in all elements of decision making – particularly around budget setting.

Governance

The Board of Trustees continue to assess the governance of the charity against the Charity Governance Code. Following each Board meeting, the clerk updates the self-assessment to ensure this remains a working document to drive improvement.

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15. Plans for the Future

Kids Inspire has identified the following priorities:

2024-2025 2025-2026 2026-2027


Income Generation
Diversity income streams to
62% fundraising, 38%
services.
Establish a programme for
attracting major donors.
Develop a clearer cause
campaign and voice outside
of Essex.		 Income Generation
Diversify income streams
to 65% fundraising 35%
services.		 Income Generation
Diversify income streams to
70% fundraising 30%
services.
Reach
Align beneficiaries to revised
target population to at least
40%		 Reach
Align beneficiaries to
revised target
population to at least
50%		 Reach
Align beneficiaries to
revised target population to
at least 75%

Model Change
Implement matrix for new
referrals across all projects
and apply to unrestricted
funding streams.
Pilot the scalable model for
replication in Suffolk for 250
beneficiaries taking the
overall target beneficiaries to
3550.		 Model Change
Scale the pilot model in
Suffolk to replication
model.		 Model Change
Pilot in a new region (not
geographically close).

Impact
Pilot data collection that will
enable evaluation of long-
term outcomes.
Agree the Environmental
sustainability plan.
Increase the number of
beneficiaries from
marginalised groups.
Impact
Implement evaluation
processes for long-term
outcomes across all
projects.
Review impact of
environmental
sustainability pledge.		 Impact
Review learning from long-
term evaluation data.

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16. Constitution and Governance

The company is registered as a charitable company limited by guarantee. Kids Inspire began operating in September 2007 and was constituted as a charitable company limited by guarantee on 24th September 2007 under a Memorandum of Association and is governed by its Articles of Association. The liability of the members in the event of the company being wound up is limited to £10.

The company was registered as a charity on 24th May 2009 and acts entirely as a non-profit-making organisation.

Method of appointment or election of Trustees

The management of the company is the responsibility of the Trustees, who are elected and co-opted under the terms of the Articles of Association.

Trustee recruitment and appointment is subject to the same stringent process followed to recruit new employees. Applicants for the position of Trustee are asked to formally apply, they are invited to attend a full meeting of the board, at which they are asked to present.

They must demonstrate a good understanding of the charitable purpose and objectives of Kids Inspire, the rationale behind their decision to apply and the skills and attributes they would bring to the board and the organisation.

Their appointment must be proposed and seconded and all voting members consulted. Once elected a minimum of 2 references must be obtained and a full enhanced DBS check is completed.

Kids Inspire is committed to promoting diversity and inclusion at all levels of the organisation. The Board of Trustees actively seeks to foster a diverse and inclusive environment, reflective of the communities we serve. Through recruitment, engagement, and regular training, we ensure that all voices are valued and that our work is guided by principles of equity, diversity, and inclusion.

Organisational structure and decision making

The Trustees of the charity are also Directors for the purposes of company law. The Board of Trustees consists of not less than four members. As at 30th April 2024, the Board of Trustees, which meets approximately ten times a year, had nine members from a variety of professional backgrounds relevant to the work of the charity. The Trustees represented the following areas of knowledge and experience (although all of them work with Kids Inspire on a non-executive basis):

Trustee Specialism
Simon Carpenter(Chair) Education and Governance
Andrew Sleet Business Coaching
Mark Birchall(Treasurer) Finance
Roseanne Serrelli Law and Contracts
Yvonne Spence Education
Louise Loon HR
David Travis(Vice-Chair) Communications
Dr Caroline Dollery Physical and Mental Health
Matthew Carpenter Equality,Diversity,and Inclusion

An annual skills audit is carried out to ensure that the Board of Trustees maintains a broad mix of experience and skills relevant to the work of Kids Inspire.

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Day-to-day management is delegated to the Chief Executive Officer, Sue Bell OBE, who founded the charity. The charity’s Performance Related Pay policy provides the benchmarks and parameters that set pay and remuneration for all key management personnel. In relation to the Chief Executive Officer, all decisions are made by the Board of Trustees and processed by the Treasurer.

Trustee induction and training

During the recruitment process for Trustees, explicit mention is made of the necessity to comply with the values of the Charity and the Nolan Principles, and Trustees are required to sign a confidentiality agreement regarding all relevant information received during the recruitment process.

Once appointed, new Trustees are invited to familiarise themselves with the charity and the context within which it operates.

As part of their induction, Trustees receive a framework and a set of information which includes:

At the start of the first Board meeting they attend, all new Trustees are asked to confirm that they have received, can access, have read and understood these documents.

All new Trustees, attend briefing sessions, jointly led by the Chair of the Board of Trustees and the Chief Executive.

All Trustees are provided with a role profile and the code of conduct which sets out their duties and responsibilities, they are asked to sign and return confirming that they have received, read and understood these.

When appointed, Trustees also receive formal information emphasising key aspects of the role and what it means to become a Trustee. This includes a commitment to upholding the values and objectives of the organisation, not acting on their own on behalf of Kids Inspire, nor acting without having proper authority from the Board.

Each Director/Trustee of Kids Inspire confirms their agreement to abide by the individual commitments set out in the Code of Conduct. Any Trustees whose tenure pre- dates this arrangement have made a similar formal commitment.

All Trustees are required to have a full enhanced DBS and must take part in mandatory training.

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The Trustees are committed to upholding the highest standards of safeguarding, ensuring that policies and procedures protect all individuals associated with the Charity. The Board monitors safeguarding practices closely, requiring that all Trustees, staff, and volunteers adhere to these protocols and participate in regular safeguarding training. Safeguarding updates are provided at each Board meeting, supporting a culture of vigilance and safety.

17. Statement of the Trustees’ Responsibilities

The Trustees (who are also Directors of Kids Inspire for the purposes of company law) are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial year. Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the Trustees are required to:

Select suitable accounting policies and apply them consistently.

The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. In so far as the Trustees are aware:

The Trustees regularly assess the charity’s financial position to ensure it remains a going concern, evaluating projected cash flows, funding sources, and overall financial health. This ongoing review supports the Board’s commitment to sustaining the charitable company’s activities.

The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

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This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies’ exemption.

This report was approved by the Trustees on 28 November 2024 and signed on their behalf by:

………………..……………

Nicholas Tesseyman

Trustee (Chair)

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18. Appendix A: Staffing Structure

Kids Inspire Organisation Structure

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Independent Auditor's Report to the Members of Kids Inspire

Kids Inspire

Opinion

We have audited the financial statements of Kids Inspire (the 'parent charitable company') and its subsidiary (the 'group') for the year ended 30 April 2024, which comprise the Consolidated Statement of Financial Activities, Consolidated Balance Sheet, Balance Sheet, Consolidated Statement of Cash Flows and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is United Kingdom Accounting Standards, comprising Charities SORP - FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and applicable law (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the group and parent charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

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Kids Inspire

Independent Auditor's Report to the Members of Kids Inspire

Other information

The other information comprises the information included in the Report of the Trustees, other than the financial statements and our auditor’s report thereon. The Trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinion on other matter prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the group and the parent charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the directors' report.

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Kids Inspire

Independent Auditor's Report to the Members of Kids Inspire

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Statement of the Trustees' Responsibilities (set out on page 28) the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the group's and parent charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the group or the parent charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

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Kids Inspire

Independent Auditor's Report to the Members of Kids Inspire

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows;

• The engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations.

• We focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations for the company, including the Companies Act 2006, Charities Act 2011, tax and employment legislation.

• We assessed the extent of compliance with the laws and regulations identified above through making enquiries of management.

We assessed the susceptibility of the company’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur by;

• Considering the internal controls in place to mitigate the risks of fraud and non-compliance with laws and regulations.

To address the risk of fraud through management bias and override of controls, we;

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

As part of an audit in accordance with ISAs (UK), we exercise professional judgement and maintain professional scepticism throughout the audit. We also:

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Kids Inspire

Independent Auditor's Report to the Members of Kids Inspire

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

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Kids Inspire

Independent Auditor's Report to the Members of Kids Inspire

Use of our report

This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s members as a body for our audit work, for this report, or for the opinions we have formed.

......................................

Sandra Morrell FCCA (Senior Statutory Auditor) For and on behalf of Edmund Carr LLP, Statutory Auditor

146 New London Road Chelmsford Essex CM2 0AW

11 December 2024

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Kids Inspire

Consolidated Statement of Financial Activities for the Year Ended 30 April 2024 (Including Consolidated Income and Expenditure Account and Statement of Total Recognised Gains and Losses)

Note
Income and Endowments from:
Donations and legacies
3
Charitable activities
4
Other trading activities
5
Investment income
6
Total income
Expenditure on:
Raising funds
7
Charitable activities
8
Total expenditure
Net income/(expenditure)
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
19		 Unrestricted
funds
£
521,313
11,841
166,119
54,586
753,859
(249,439)
(460,344)
(709,783)
44,076
44,076
1,067,727
1,111,803		 Restricted
funds
£
647,460
903,139
2,100
-
1,552,699
(2,939)
(1,555,885)
(1,558,824)
(6,125)
(6,125)
12,440
6,315		 Total
2024
£
1,168,773
914,980
168,219
54,586
2,306,558
(252,378)
(2,016,229)
(2,268,607)
37,951
37,951
1,080,167
1,118,118		 Total
2023
£
872,982
832,846
193,790
22,296
1,921,914
(260,699)
(1,714,713)
(1,975,412)
(53,498)
(53,498)
1,133,665
1,080,167

All of the group's activities derive from continuing operations during the above two periods. The funds breakdown for 2023 is shown in note 19.

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Kids Inspire

(Registration number: 06380082) Consolidated Balance Sheet as at 30 April 2024

Note
Fixed assets
Tangible assets
13
Current assets
Debtors
15
Cash at bank and in hand
16
Creditors: Amounts falling due within one year
17
Net current assets
Net assets
Funds of the group:
Restricted income funds
Restricted funds
19
Unrestricted income funds
General funds
Designated funds
Total unrestricted funds
Total funds
19		 2024
£
23,951
175,886
1,329,649
1,505,535
(411,368)
1,094,167
1,118,118
6,315
611,803
500,000
1,111,803
1,118,118		 2023
£
27,576
193,316
1,274,464
1,467,780
(415,189)
1,052,591
1,080,167
12,440
667,727
400,000
1,067,727
1,080,167

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The financial statements on pages 37 to 59 were approved by the trustees, and authorised for issue on 28 November 2024 and signed on their behalf by:

.........................................

Nicholas Tesseyman Chair and trustee

Page 38

Kids Inspire

(Registration number: 06380082) Balance Sheet as at 30 April 2024

Note
Fixed assets
Tangible assets
13
Investments
14
Current assets
Debtors
15
Cash at bank and in hand
16
Creditors: Amounts falling due within one year
17
Net current assets
Net assets
Funds of the charitable company:
Restricted income funds
Restricted funds
19
Unrestricted income funds
General funds
Designated funds
Total unrestricted funds
Total funds
19		 2024
£
23,951
1
23,952
197,118
1,292,826
1,489,944
(409,292)
1,080,652
1,104,604
6,315
598,289
500,000
1,098,289
1,104,604		 2023
£
27,576
1
27,577
213,590
1,249,037
1,462,627
(413,191)
1,049,436
1,077,013
12,440
664,573
400,000
1,064,573
1,077,013

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The financial statements on pages 37 to 59 were approved by the trustees, and authorised for issue on 28 November 2024 and signed on their behalf by:

.........................................

Nicholas Tesseyman Chair and trustee

Page 39

Kids Inspire

Consolidated Statement of Cash Flows for the Year Ended 30 April 2024

Note
Cash flows from operating activities
Net movement in funds for the reporting year
Adjustments for:
Depreciation
13
Investment income
6
Decrease in debtors
15
Decrease in creditors
17
Increase in deferred income
Net cash flows from operating activities
Cash flows from investing activities
Interest receivable and similar income
6
Purchase of tangible fixed assets
13
Net cash flows from investing activities
Net increase/(decrease) in cash and cash equivalents
Cash and cash equivalents at 1 May
Cash and cash equivalents at 30 April		 2024
£
37,951
12,100
(54,586)
17,430
(30,250)
26,429
9,074
54,586
(8,475)
46,111
55,185
1,274,464
1,329,649		 2023
£
(53,498)
9,909
(22,296)
12,260
(21,113)
46,370
(28,368)
22,296
(25,731)
(3,435)
(31,803)
1,306,267
1,274,464

All of the cash flows are derived from continuing operations during the above two periods.

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Kids Inspire

Notes to the Financial Statements for the Year Ended 30 April 2024

1 Charitable company status

The charitable company is limited by guarantee, incorporated in England & Wales, and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £10 towards the assets of the charitable company in the event of liquidation.

2 Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). They also comply with the Companies Act 2006 and Charities Act 2011.

Basis of preparation

Kids Inspire meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

Basis of consolidation

The consolidated financial statements consolidate the financial statements of the charitable company and its subsidiary undertakings drawn up to 30 April 2024.

No statement of financial activities is presented for the charity as permitted by section 408 of the Companies Act 2006. The charitable company made a surplus in the financial year of £27,951 (2023 - deficit of £56,349).

The subsidiary is an entity controlled by the charity. Control is achieved where the charity has the power to govern the financial and operating policies of an entity so as to obtain benefits from its activities.

Inter-company transactions, balances and unrealised gains on transactions between the charity and its subsidiaries, which are related parties, are eliminated in full.

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Kids Inspire

Notes to the Financial Statements for the Year Ended 30 April 2024

Going concern

The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.

Income and endowments

All income is recognised once the charitable company has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably.

Donations and legacies

Donations are recognised when the charity has been notified in writing of both the amount and settlement date. Donations and legacies include voluntary donations from individuals, corporates and other groups including recovered Gift Aid where appropriate.

Grants receivable

Grants, including government grants, are recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

Deferred income

Deferred income represents amounts received for future periods and is released to incoming resources in the period for which it has been received. Such income is only deferred when:

Other trading activities

Other trading activities include fundraising income from functions and events organised by the charity and income generated by the charity's trading subsidiary, Inspire Wellbeing Services.

Investment income

Dividends are recognised once the dividend has been declared and notification has been received of the dividend due.

Charitable activities

Provision of therapy and counselling includes commissioned, training, private client and grant income from individuals, foundations and public sector bodies.

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Kids Inspire

Notes to the Financial Statements for the Year Ended 30 April 2024

Other income

Other income consists of government grants.The grants are recognised when receivable.

Expenditure

All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.

Raising funds

These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.

Charitable activities

Charitable expenditure comprises those costs incurred by the charitable company in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Support costs

Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.

Governance costs

These include the costs attributable to the charity's compliance with constitutional and statutory requirements, including audit, strategic management and trustees meetings and reimbursed expenses.

Taxation

The charitable company is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charitable company is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

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Notes to the Financial Statements for the Year Ended 30 April 2024

Kids Inspire

Tangible fixed assets

Any significant individual fixed assets are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation and amortisation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class Depreciation method and rate
Office Equipment 25% straight-line
Computer Equipment 25% straight-line
Leasehold improvements 25% straight-line

Business combinations

Business combinations are accounted for under the purchase method. Where necessary, adjustments are made to the financial statements of subsidiaries to bring the accounting policies used into line with those used by the group. All intra-group transactions, balances, income and expenses are eliminated on consolidation. In accordance with Section 35 of FRS 102, Section 19 of FRS 102 has not been applied in these financial statements in respect of business combinations effected prior to the date of transition.

Trade debtors

Debtors are amounts due for services performed or grants receivable. Debtors are recognised initially at the transaction price. They are subsequently measured at the settlement amount less provision for impairment. A provision for the impairment of debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.

Cash and cash equivalents

Cash and cash equivalents comprise cash held within the charity's bank accounts.

Trade creditors

Creditors are recognised at their settlement amount where the charity has a present obligation resulting from a past event and will probably result in the transfer of funds to a third party and the amount due can be measured or estimated reliably.

Fund structure

Unrestricted income funds are general funds that are available for use at the trustees' discretion in furtherance of the objectives of the group.

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Kids Inspire

Notes to the Financial Statements for the Year Ended 30 April 2024

Designated funds are funds set aside by the trustees out of unrestricted funds for specific future purposes or projects.

Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.

Pensions and other post retirement obligations

The group operates a defined contribution pension scheme which is a pension plan under which fixed contributions are paid into a pension fund and the group has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised in the Statement of Financial Activities when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Classification

The charity only holds basic financial instruments as defined in FRS 102. The financial assets and financial liabilities of the charity and their measurement basis are as follows:

Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments.

Cash at bank - is classified as a basic financial instrument and is measured at face value.

Financial liabilities - trade creditors, accruals and other creditors are financial instruments, and are measured at amortised cost. Taxation and social security are not included in the financial instruments disclosure definition. Deferred income is not deemed to be a financial liability, as the cash settlement has already taken place and there is an obligation to deliver services rather than cash or another financial instrument.

3 Income from donations and legacies

Donations and legacies;
Donations and grants
Legacies
Gift aid reclaimed		 Unrestricted
funds
£
495,091
6,958
19,264
521,313		 Restricted
funds
£
647,460
-
-
647,460		 Total
2024
£
1,142,551
6,958
19,264
1,168,773		 Total
2023
£
847,359
600
25,023
872,982

Page 45

Kids Inspire

Notes to the Financial Statements for the Year Ended 30 April 2024

4 Income from charitable activities

Commissioned services and
grant income
Training and private therapy
income		 Unrestricted
funds
£
4,570
7,271
11,841		 Restricted
funds
£
903,139
-
903,139		 Total
2024
£
907,709
7,271
914,980		 Total
2023
£
830,297
2,549
832,846

5 Income from other trading activities

Trading income;
Sales of goods and services
Subsidiary trading income
Events income;
Events income
Sponsorship income
Lotteries and competitions
income
6 Investment income
Interest receivable on bank
deposits		 Unrestricted
funds
£
5,402
54,110
103,540
-
3,067
166,119
Unrestricted
funds
£
54,586		 Restricted
funds
£
-
-
-
2,100
-
2,100
Restricted
funds
£
-		 Total
2024
£
5,402
54,110
103,540
2,100
3,067
168,219
Total
2024
£
54,586		 Total
2023
£
26,297
24,657
130,766
2,900
9,170
193,790
Total
2023
£
22,296

Page 46

Kids Inspire

Notes to the Financial Statements for the Year Ended 30 April 2024

7 Expenditure on raising funds

a) Costs of generating donations and legacies

Fundraising direct costs
Staff Costs		 Unrestricted
funds
£
35,148
175,259
210,407		 Restricted
funds
£
-
2,939
2,939		 Total
2024
£
35,148
178,198
213,346		 Total
2023
£
52,281
187,544
239,825

b) Costs of trading activities

b) Costs of trading activities
Trading subsidiary costs Unrestricted
funds
£
39,032
39,032		 Restricted
funds
£
-
-		 Total
2024
£
39,032
39,032		 Total
2023
£
20,874
20,874

8 Expenditure on charitable activities

Provision of therapy and counselling

Note
Direct project and
activity costs
Depreciation
Staff costs and
contractors
Allocated support
costs
9
Governance costs
9		 Unrestricted
funds
£
-
-
452,599
1,245
6,500
460,344		 Restricted
funds
£
14,731
12,100
1,329,155
177,553
22,346
1,555,885		 Total
2024
£
14,731
12,100
1,781,754
178,798
28,846
2,016,229		 Total
2023
£
14,946
9,908
1,574,411
87,961
27,487
1,714,713

Page 47

Kids Inspire

Notes to the Financial Statements for the Year Ended 30 April 2024

9 Analysis of governance and support costs

Support costs allocated to charitable activities

Support costs allocated to charitable activities
Governance
costs
£
Provision of therapy and
counselling
28,846
Governance
costs
£
Provision of therapy and
counselling
27,487
Governance costs
Staff costs
Wages and salaries
Audit fees
Audit of the charity's financial statements
Other fees paid to auditors
Legal and professional fees
Other governance costs		 Information
technology
£
Premises
costs
including
depreciation
£
Other
support
costs
£
22,662
97,016
59,120
Information
technology
£
Premises
costs
including
depreciation
£
Other
support
costs
£
19,324
26,029
42,608
Total
2024
£
6,500
6,353
10,497
1,862
3,634
28,846		 Total
2024
£
207,644
Total
2023
£
115,448
Total
2023
£
6,500
6,650
7,736
3,294
3,307
27,487

Page 48

Kids Inspire

Notes to the Financial Statements for the Year Ended 30 April 2024

10 Trustees remuneration and expenses

No trustees, nor any persons connected with them, have received any remuneration from the group during the year.

No trustees have received any reimbursed expenses or any other benefits from the charity during the year.

11 Staff costs

The aggregate payroll costs were as follows:

Staff costs during the year were:
Wages and salaries
Social security costs
Pension costs		 2024
£
1,569,431
149,453
43,837
1,762,721		 2023
£
1,221,156
114,705
32,839
1,368,700

The average number of persons (including senior management team) employed by the group during the year (head count based on number of staff employed) was as follows:

Average

2024 2023
No No
55 46

51 (2023 - 43) of the above employees participated in the Defined Contribution Pension Schemes.

Contributions to the employee pension schemes for the year totalled £43,837 (2023 - £32,839).

The number of employees whose emoluments fell within the following bands was:

£90,001 - £100,000
£100,001 - £110,000		 2024
No
-
1		 2023
No
1
-

The total employee benefits of the key management personnel of the group were £116,067 (2023 - £106,694).

Page 49

Kids Inspire

Notes to the Financial Statements for the Year Ended 30 April 2024

12 Taxation

The charity is exempt from corporation tax as all its income is charitable and is applied for charitable purposes. The charity's trading subsidary gift aids available profits to the parent charity.

13 Tangible fixed assets

Group

Cost
At 1 May 2023
Additions
At 30 April 2024
Depreciation
At 1 May 2023
Charge for the year
At 30 April 2024
Net book value
At 30 April 2024
At 30 April 2023		 Equipment
£
44,979
7,796
52,775
25,712
7,623
33,335
19,440
19,267		 Computer
equipment
£
29,341
679
30,020
21,032
4,477
25,509
4,511
8,309		 Total
£
74,320
8,475
82,795
46,744
12,100
58,844
23,951
27,576

Page 50

Kids Inspire

Notes to the Financial Statements for the Year Ended 30 April 2024

Charitable company

Cost
At 1 May 2023
Additions
At 30 April 2024
Depreciation
At 1 May 2023
Charge for the year
At 30 April 2024
Net book value
At 30 April 2024
At 30 April 2023		 Equipment
£
44,979
7,796
52,775
25,712
7,623
33,335
19,440
19,267		 Computer
equipment
£
29,341
679
30,020
21,032
4,477
25,509
4,511
8,309		 Total
£
74,320
8,475
82,795
46,744
12,100
58,844
23,951
27,576

14 Fixed asset investments

Charitable company

Shares in group undertakings and participating interests

Cost
At 1 May 2023
At 30 April 2024
Net book value
At 30 April 2024
At 30 April 2023		 Subsidiary
undertakings
£
1
1
1
1		 Total
£
1
1
1
1

Page 51

Notes to the Financial Statements for the Year Ended 30 April 2024

Kids Inspire

Details of undertakings

Details of the investments in which the charitable company holds 20% or more of the nominal value of any class of share capital are as follows:

Country of Proportion of voting Proportion of voting Principal
Undertaking incorporation Holding rights and shares held activity
2024 2023
Subsidiary undertakings
Inspire Wellbeing Promotion
Services Community England Ordinary 100% 100% of
mental
Interest Company wellbeing

Subsidiaries

The profit for the financial period of Inspire Wellbeing Services Community Interest Company was £13,892 (2023- £3,532) and the aggregate amount of capital and reserves at the end of the period was £13,515 (2023- £3,155).

Inspire Wellbeing Services was incorporated on 27 September 2019 with register company number 12231988.

15 Debtors

Due from group undertakings
Prepayments
Accrued income
Other debtors		 Group
2024
£
2023
£
-
-
34,211
10,712
27,457
11,412
114,218
171,192
175,886
193,316		 Charity
2024
£
2023
£
21,757
20,604
34,211
10,712
27,457
11,412
113,693
170,862
197,118
213,590		 Charity
2024
£
2023
£
21,757
20,604
34,211
10,712
27,457
11,412
113,693
170,862
197,118
213,590
213,590

Page 52

Kids Inspire

Notes to the Financial Statements for the Year Ended 30 April 2024

16 Cash and cash equivalents

Group Charity
2024 2023 2024 2023
£ £ £ £
Cash at bank 1,329,649 1,274,464 1,292,826 1,249,037

17 Creditors: amounts falling due within one year

Trade creditors
Other taxation and social
security
Pension scheme creditor
Accruals
Deferred income		 Group
2024
£
2023
£
10,537
1,063
-
33,069
8,105
6,352
60,272
68,680
332,454
306,025
411,368
415,189		 Charity
2024
£
2023
£
10,537
1,045
-
33,069
8,105
6,352
58,196
66,700
332,454
306,025
409,292
413,191		 Charity
2024
£
2023
£
10,537
1,045
-
33,069
8,105
6,352
58,196
66,700
332,454
306,025
409,292
413,191
413,191

Deferred income

Deferred income at 1 May 2023
Resources deferred in the period
Amounts released from previous periods
Deferred income at year end		 2024
£
306,025
332,454
(306,025)
332,454		 2023
£
259,655
306,025
(259,655)
306,025

Deferred income relates to income received for events held in future accounting periods, income received with performance related conditions that are still to be fulfilled at the year end, or income that the donor has specified be used in future accounting periods.

Page 53

Kids Inspire

Notes to the Financial Statements for the Year Ended 30 April 2024

18 Obligations under leases and hire purchase contracts

Operating lease commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

Other
Within one year
Between one and five years
19 Funds
Group
Current Year
Unrestricted funds
General funds
Designated funds
Premises fund
Total unrestricted funds
Restricted funds
Clinical Commissioning Group
Essex County Council
Big Lottery Fund
Other grants and donations
Total restricted funds
Total funds		 Group
2024
£
2023
£
308
820
-
923
308
1,743
Balance at 1
May 2023
£
Incoming
resources
£
667,727
653,859
400,000
100,000
1,067,727
753,859
-
149,678
-
435,400
-
164,960
12,440
802,661
12,440
1,552,699
1,080,167
2,306,558		 Charity
2024
£
2023
£
308
820
-
923
308
1,743
Resources
expended
£
Balance at 30
April 2024
£
(709,783)
611,803
-
500,000
(709,783)
1,111,803
(149,678)
-
(435,400)
-
(164,960)
-
(808,786)
6,315
(1,558,824)
6,315
(2,268,607)
1,118,118		 Charity
2024
£
2023
£
308
820
-
923
308
1,743
Resources
expended
£
Balance at 30
April 2024
£
(709,783)
611,803
-
500,000
(709,783)
1,111,803
(149,678)
-
(435,400)
-
(164,960)
-
(808,786)
6,315
(1,558,824)
6,315
(2,268,607)
1,118,118
1,743
Balance at 30
April 2024
£
611,803
500,000
1,111,803
-
-
-
6,315
6,315
1,118,118

Page 54

Kids Inspire

Notes to the Financial Statements for the Year Ended 30 April 2024

Prior Year
Unrestricted funds
General funds
Designated funds
Premises fund
Total unrestricted funds
Restricted funds
Clinical Commissioning Group
Essex County Council
Big Lottery Fund
Other grants and donations
Total restricted funds
Total funds		 Balance at 1
May 2022
£
528,265
400,000
928,265
-
-
-
205,400
205,400
1,133,665		 Incoming
resources
£
600,835
-
600,835
147,000
262,038
123,720
788,321
1,321,079
1,921,914		 Resources
expended
£
(461,373)
-
(461,373)
(147,000)
(262,038)
(123,720)
(981,281)
(1,514,039)
(1,975,412)		 Balance at 30
April 2023
£
667,727
400,000
1,067,727
-
-
-
12,440
12,440
1,080,167

Page 55

Kids Inspire

Notes to the Financial Statements for the Year Ended 30 April 2024

Charity
Current Year
Unrestricted funds
General funds
Designated funds
Premises Fund
Total unrestricted funds
Restricted funds
Clinical Commissioning Group
Essex County Council
Big Lottery Fund
Other grants and donations
Total restricted funds
Total funds
Prior Year
Unrestricted funds
General funds
Designated funds
Premises Fund
Total unrestricted funds
Restricted funds
Clinical Commissioning Group
Essex County Council
Big Lottery Fund
Other grants and donations
Total restricted funds
Total funds		 Balance at 1
May 2023
£
664,573
400,000
1,064,573
-
-
-
12,440
12,440
1,077,013
Balance at 1
May 2022
£
527,961
400,000
927,961
-
-
-
205,400
205,400
1,133,361		 Incoming
resources
£
603,281
100,000
703,281
149,678
435,400
164,960
802,661
1,552,699
2,255,980
Incoming
resources
£
575,906
-
575,906
147,000
262,038
123,720
788,321
1,321,079
1,896,985		 Resources
expended
£
(669,565)
-
(669,565)
(149,678)
(435,400)
(164,960)
(808,786)
(1,558,824)
(2,228,389)
Resources
expended
£
(439,294)
-
(439,294)
(147,000)
(262,038)
(123,720)
(981,281)
(1,514,039)
(1,953,333)		 Balance at 30
April 2024
£
598,289
500,000
1,098,289
-
-
-
6,315
6,315
1,104,604
Balance at 30
April 2023
£
664,573
400,000
1,064,573
-
-
-
12,440
12,440
1,077,013

Page 56

Kids Inspire

Notes to the Financial Statements for the Year Ended 30 April 2024

The specific purposes for which the funds are to be applied are as follows:

Current Year

Prior Year

Page 57

Kids Inspire

Notes to the Financial Statements for the Year Ended 30 April 2024

20 Analysis of net assets between funds

Group
Tangible fixed assets
Current assets
Current liabilities
Total net assets
Tangible fixed assets
Current assets
Current liabilities
Total net assets
Charity
Tangible fixed assets
Fixed asset investments
Current assets
Current liabilities
Total net assets
Tangible fixed assets
Fixed asset investments
Current assets
Current liabilities
Total net assets		 Unrestricted
funds
£
23,951
999,220
(411,368)
611,803
Unrestricted
funds
£
27,576
1,055,340
(415,189)
667,727
Unrestricted
funds
£
23,951
1
983,629
(409,292)
598,289
Unrestricted
funds
£
27,576
1
1,050,187
(413,191)
664,573		 Designated
funds
£
-
500,000
-
500,000
Designated
funds
£
-
400,000
-
400,000
Designated
funds
£
-
-
500,000
-
500,000
Designated
funds
£
-
-
400,000
-
400,000		 Restricted
funds
£
-
6,315
-
6,315
Restricted
funds
£
-
12,440
-
12,440
Restricted
funds
£
-
-
6,315
-
6,315
Restricted
funds
£
-
-
12,440
-
12,440		 Total
2024
£
23,951
1,505,535
(411,368)
1,118,118
Total
2023
£
27,576
1,467,780
(415,189)
1,080,167
Total
2024
£
23,951
1
1,489,944
(409,292)
1,104,604
Total
2023
£
27,576
1
1,462,627
(413,191)
1,077,013

Page 58

Kids Inspire

Notes to the Financial Statements for the Year Ended 30 April 2024

21 Related party transactions

Group

Charitable company

During the year the charitable company made the following related party transactions:

Iain Bell

(Spouse of CEO) Contractor fees of £1,088 (2023 - £1,620) for graphic design work.

Page 59