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← Inspire Plus

2023-08-31-accounts

REGISTERED COMPANY NUMBER: 07778125 (England and Wales) REGISTERED CHARITY NUMBER: 1144507

Report of the Trustees and

Financial Statements

for the Year Ended 31 August 2023

for

Inspire Plus

Wright Vigar Limited Statutory Auditors Chartered Accountants & Business Advisers 15 Newland

Lincoln Lincolnshire LN1 1XG

Inspire Plus Contents of the Financial Statements for the Year Ended 31 August 2023

Page
Chairman’s Report 1
Report of the Trustees 2 to 18
Report of the Independent Auditors 19 to 20
Statement of Financial Activities 21
Statement of Financial Position 22
Statement of Cash Flows 23
Notes to the Statement of Cash Flows 24
Notes to the Financial Statements 25 to 31
Detailed Statement of Financial Activities 32

Inspire Plus (Registered number: 07778125)

Chairman’s Report

for the Year Ended 31 August 2023

At inspire+ our mission continues to be a simple one, help children and young people be Healthier, Happier and more Active. I hope in reading our annual report, you agree that we are making a huge contribution. I wish to highlight some of the key impacts we had between September 2022 and August 2023.

Our Holiday Activities and Food (HAF) programme funded by Lincolnshire County Council, along with our Move & Food programme funded by South Kesteven District Council, provided 6,102 funded healthy, hot meals for eligible children during the school holidays. Our clubs ensure each child receives nutritious meals and healthy snacks daily, as well as providing opportunities to be more active, try different activities and make new friends during the holidays.

The annual mini-Olympics continues to inspire all that attend the event in which a total of 2,216 participants attending over three days. The events experiences are always enriched for the participants through the involvement of over 280 sports leaders, local sports clubs & coaches, national governing bodies of sport and the Royal Opera House who prepare the children for a truly magical closing ceremony dance.

We are proud to have supported 440 children through our Talented Athlete Programme, 521 pupils accessing mentoring support to increase their fitness and support their wellbeing and have 311 teacher attendances access our huge range of training courses to equip them to be the best they can be.

Our apprenticeship provision continues to support schools and other educational organisations with high quality PE, Sport & Wellbeing apprentices across the East of England, who are inspiring thousands of children and young people. We are proud to have a 100% pass rate for all apprentices in 2022 and saw two apprentices receive ‘apprentice of the year’ awards.

To ensure the long-term viability and financial security of the charity we continue to diversify our services and initiatives effectively. These activities meet the charity’s objectives to advance education, particularly through PE and physical recreation for the benefit of young people under the age of 25 throughout England and Wales and in particular in the county of Lincolnshire.

Finally, I would like to thank everyone associated with inspire+ from our wonderful staff and volunteers who inspire children each and every day, through to the board of trustees who are as passionate as I am to ensure this charity continues to deliver high quality provision and initiatives for children and young people.

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D A Joint Chair 16 May 2024

Page 1

Inspire Plus (Registered number: 07778125)

Report of the Trustees for the Year Ended 31 August 2023

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 August 2023. The trustees have adopted the provisions of 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).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The charity's objectives as set out in its governing document are to advance education, particularly through sport and physical recreation to the benefit of young people under the age of 25 throughout England and Wales and in particular in the county of Lincolnshire.

The aims of our charity ensuring that young people are Healthy, Happy and Active.

Significant activities

Ensuring our work supports our aims We have updated our strategic plan and our objectives for 2023-26 are to;

Who used and benefited from our services?

We worked with around 180 primary, secondary and SEN schools. High concentration of schools were located in South Kesteven, others being in Lincolnshire, North Lincolnshire, Nottinghamshire, Peterborough, East Ridings, Grimsby, Norfolk, Suffolk and around the Vale of Belvoir area. We supported 124 learners through our PE, Sport & Wellbeing apprenticeships; level 2 Community Activator Coach, level 3 Community Sport & Health Officer and level 4 Sport Coach who were predominantly employed in schools and some businesses working in education. We supported a significant number of families in South Kesteven and Spalding through our Holiday Activity Food provision. Further information of all these activities can be seen in the impact report.

How our services deliver public benefit?

Our main activities currently are delivered to young people through the support and services we provide schools.

Public benefit

In setting objectives and planning activities, the trustees have given careful consideration to the Charity Commissions general guidance on public benefit and confirm that they have complied with their duty in section 17 of the Charities Act 2011 in ensuring that the Charity fulfils both the "benefit aspect" and "public aspect" required. This is evidenced by the attached report.

Over the page details the achievements of the charity and public benefit delivered.

Page 2

inspire H¢4lihy. Happy. A¢rweYgunR people IMPACT REPORT 2022/23

HI THERE. inspire+ have had an incredibly busy year working within schools and the community to ensure children are healthy, happy & more aciivel In the 2023123 academic year, we were dedicated to promoting children's health, happiness, and increasing physical activity. We take pride in our achievements. which include delivering inspirational assemblies through our passionate ambassadors, providing valuable CPD training to teachers, hosting a thrilling M ini Olympics event. providing more than 6,000 hot and nutritious meals to eligible children at our camps during the holidays, and celebrating the success of our PE apprentices who earned awards through their dedication and hard work. Dive into this report to discover the remarkable milestones we reached last year. Q INSPIRATIQNAL AMBA55ADOR VISTS 244 Assemblies delivered by our ambassadors *REITBRITII GREENE AIIIMGVJ DAIGREENE

IMPAL T REPORT 2U22123 inspire Q SPORTS LEADERSHIPACADEMY O TALENTED ATHLETES PROGRAMMES Over Irwia 440 Attended our Talented Athlete Programmes from KS1 through to year 7. Twice the number frnm 2n21122. 285 OWRAPAROUND CARE Active secondary school vo unteers MENTORING PROGRAMME 20 11 13 Schools received Well-being mentoring Schools received Fitness Mentoring Programme Schools received new Wake & Shake Mentoring Programme Reach for the Stars wraparound care, located at Uffin ton Primary School in Slamlord, Linco nshire is about promoting a vibrant experience lor children. Totalling over 521 Beyond providing healthy food, we ensure children enjoy a vast range of sports and physical activities. We're dedicated to igniting their passions and promolin a sale and enjoy3ble environment or every child. pupils accessing this supporl

IMpArt RFpnRT ?n)?1?1 inspire O BRONZE YOUNG AMBASSADORS 135 Trained this year inspire Q LEGACY TOUR 135 School assemblies led by their Bronze Young Ambassadors

IMPAC[ REPORT 2022123 inspire O PLAYGROUIND LEADERSHIP TRAINING 99% of children enjoyed participating in Ihe sessions 930/0 nf rhilArpn inrrpARpA rhgir rnnfirlpnrp 97% of children found the course them the necessary skllls an resources to become a successful PlayAround Leader ave 349 e TEAM TEACHING PE DELIVERY Puplls tralned io become playground leèdÈrs 336 Blocks ol team ieachlng Pl suDport. It was allgreatl Covered everything we wanted. You were all reGIIy friendly ond knowledgeable. Keep doing whatyou are doing. O TEACHERCPD 311 Attendances across our huRe ranRe ol courses. SPECIALIST COACHING 90% Pupil confidence after the sessions. 84/ Pupil en3oyment after the sessions

IMPACT REPORT 2022123 inspire days th tn I'%th Ifin 16 283 Primary children Pcirticipatprl Sporis Leade 54 schools 32 VIP guesr% Scan the code Pictures are now available on our website

IMPACT REPORT 2a22122 inspire QSCHOOLSACTIVE MOVEMENT (SAM) Schools Active Movement (SAMI is a national body representing not-for-profit organisations working in schools supporti ng PE and School Sport. SAM was Co-Founded by Alan Watkinson Imo Farah's PE teacher) and Vincent Brittain during the COVI D-19 pandemic after successfu Ily leading a national campaign to reinstate PE & Sport Premium. SAM members work across 12,000 schools across England, and SAM sits on the national School Sport & Activity Sector board, ensuring those performin8 this work in schools are represented. Recent achievements have been supporting the sector to secure 'longer term, funding for PE & Sport Premium for schools and the School Games Organiser network. This funding has now been confirmed for the 23124 and 24125 academic years.

IlJipAfT RFpllRT ?n??i?I inspire OHOLIDAYCLUBS Our Holiday Activities and Food IHAFI programme, along with our Move & Food programme, provided 6.102 funded healthy, hot meals for eligible children during the school holidays. I love your ethos ond my son enjoyed the mixture of activities ond it ensured his mind was not Our clubs ensure each child receives nutritious meals and healthy snacks daily, as well as providing opportunities to be more active. try different activities and make new friends during the holidays. wosted with gomes consoleslor the majority of the Easter holidays. ?? It IS so helpful to have access to Iresh food ond heolthy meols for the children during the school holidays. LiTh¢olnshiffj All the 5toff at in5pire+ have always been so helpful, all the chlldren seem to come out with big smile5, what o greot team of people. ??

IMPACT REPORT 2022123 inspire 12 venues Delivered during Eoster. Summer and Christm•s holidays Over 2,000 Grontham leader hour5 5,630 st￿mI￿rd S aldin healthy hot mwls Lin<olnshir• 95% 96% 92% ,,loy•d th• camp r• octi¥• •nioy•d •atiThy h•ukhy food 92% 97% 95% 15 delivery partners olon95ide the skillset ol our 5port5 cooches ond teoching stoff l•wTht n•w *ilts

IMPAfT RFpnRT ?n??l?? inspire + APPRENTICESHIPS OUR CURRENT LOCATIONS Our apprenticeships are delivered at six different cohorts. Every cohort benefits from an inspire+ tutor who leads the learners, provides weekly training visits their workplace, and works with employers to ensure the highest quality provision for both the apprentices and the employers. Insplre+ cohorts Stamford East Riding Grimsby Norfolk Grantham Lincoln

IMPAfT RFpnRT ?n??i?? inspire O APPRENTICESHIPSTATS Apprenticeship Achievement Rate for OLJr Level 2 CAC Programme, which is 20% ,Ibove national average. 72% 100 Pas5 raie for all 3pprentices in 2022. learners across three PE, Sport nd Well-being programmes. Our apprentice goes above and beyond every day. Her sessions are exciting, well plonned ond rhoughr out. She hos mode extro speclol efforts to get to know all the children ond stoff and odapts her sessions accordingly. 35 Nominations for the Insplre+ prentlce of the Month Awards Deneil Thomas. Apprentlce at West Grantham Academy Inspire Education Group IIEGI Apprentice f the Year Declan Brown. former Apprentlce at Scampton Primary School Lincolnshire County Council ILCCI Apprentice of the Year Scan the code to visit our website and read real stories of our apprentices.

inspire A sports and education charlty dedlcated to posiiively impactinR younR people'< lives. Healthy. Happy. ActiveYoungPeople Phone: 01476 578137 Mall: Info@InspSreplus.org.uk v*ww.inspireplus.org.uk

Inspire Plus (Registered number: 07778125)

Report of the Trustees for the Year Ended 31 August 2023

Fundraising Standards Information

The charity does not carry out significant fund raising activities itself and does not use external participators to act on behalf of the charity.

FINANCIAL REVIEW

Financial position

Overall income for the year amounted to £1,080,455 (2022: £1,182,804) with an expenditure for the period of £997,961 (2022: £811,684). Net assets of the charity amounted to £1,286,932 (2022: £1,204,438) as at 31 August 2023.

Principal funding sources

The majority of our funding has been generated through our school membership fees, our apprenticeship programmes and Holiday and Activity Food programme. Currently primary schools receive PE & Sport Premium funding from Government and the majority will use a proportion of this to fund their membership. The charity's services support schools meet targets set out by PE and Sport Premium funding grant. Payments for apprenticeships are made by our FE partner Inspire Education Group. Our holiday provision was predominately funded through Holiday Activity Food (HAF), a national programme administered through Lincolnshire County Council.

Investment policy and objectives

Inspire Plus seeks to produce the best financial return within an acceptable level of risk.

The investment objective for the long-term reserves is to generate a return in excess of inflation over the long term whilst generating an income to support the on-going activities of the Charity.

The investment objective for the short-term reserves is to preserve the capital value with a minimum level of risk. Assets should be readily available to meet unanticipated cash flow requirements.

FINANCIAL REVIEW

Reserves policy

To ensure the medium to long term future of the charity the trustees recognise the need to hold reserves to allow for protection of our activities, of which the charity has pledged to continue regardless of if schools are in receipt of Government funding or not and to promote balanced, long term strategic planning. Trustees currently feel there is still sufficient level of risk associated with future funding, notably around PE & Sport Premium that warrants approximately 24 months of expenditure as unrestricted funds, within the general reserves. The reserves at the year end were £1,286,932 representing just short of 18 months of expenditure.

FUTURE PLANS

The charity will introduce a Level 3 Teaching Assistant apprenticeship that will be available from August 2023. This will complement those that we currently deliver.

We will also continue to diversify our income streams. The charity will seek to secure further contracts through Lincolnshire County Council to deliver the nationally funded Holiday Activity Food programme. We will also seek further funding to enable us to deliver this programme during holiday periods the national funds do not cover. We will also look to provide further community programmes to engage more children and young people to support them being healthier, happier and active. The charity will introduce an annual Gala Dinner which purpose will be to engage local businesses and potential benefactors in order to secure further funds and support.

We will continue to be mindful of the charity's aims of Healthy, Happy and more Active young people when developing future services.

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

The organisation is a charitable company limited by guarantee, incorporated on 19th September 2011 and registered as a charity on 2nd November 2011. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding ten pounds.

Recruitment and appointment of new trustees

The directors of the company are charity trustees for the purpose of charity law. Should the existing Trustees consider it necessary to appoint further Trustees, they would ensure that adequate training was provided and that any candidate would have the required skills in management and planning. The Charity has trustee indemnity insurance in place, in line with the memorandum of articles.

Organisational structure

The governing body is the board of trustees who are responsible for the administration and investment policy of the scheme. The Chief Executive, who is appointed by the trustees, manages the day to day operation under delegated authority.

Page 15

Inspire Plus (Registered number: 07778125)

Report of the Trustees for the Year Ended 31 August 2023

Induction and training of new trustees

New trustees are presented with an inspire+ induction pack that is now accessed via their trustee hub. This contains all relevant information published by the Charity Commission. Trustees are also periodically sent information about trustee training/awareness courses. Trustees complete a skills audit.

Key management remuneration

The trustees consider the role and responsibilities of key management personnel and review the remuneration package in line with similar charitable entities. Annual appraisals and pay reviews on key management personnel are undertaken based on the individual's performance of their duties and fulfilment of the objectives of the charity in the period.

Risk management

The Trustees' have assessed the major risks to which the Charity is exposed, and are satisfied that systems are in place to mitigate exposure to major risks. The Trustees regularly meet and review the risks facing the Charity and the current safeguards in place. Individual risk assessments are in place for each of the charity's programmes. All specialist coaches and staff are DBS checked during their induction process prior to the commencement of their employment with the charity.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

07778125 (England and Wales)

Registered Charity number 1144507

Registered office

Kempton House Kempton Way Grantham NG31 7LE

Trustees

C Game S J Barter R J Tyler P Garner (resigned 31.3.23) D A Joint T Mountain B Ladva B Lord J Barnes G Hart R Price P Stokes (appointed 18.4.23) S Bull (appointed 24.11.23) C Hines (appointed 24.11.23)

Company Secretary

V Brittain

Senior Statutory Auditor

Paul Colcomb FCCA

Auditors

Wright Vigar Limited Statutory Auditors Chartered Accountants & Business Advisers 15 Newland Lincoln Lincolnshire LN1 1XG

Page 16

Inspire Plus (Registered number: 07778125)

Report of the Trustees for the Year Ended 31 August 2023

REFERENCE AND ADMINISTRATIVE DETAILS

Staff

Chris Graves Micky Walkden Carl Blackman Sophie Devenish Samuel Ruddock David Upton Kai Willerton Sacha Castell-Smith Chris Wheaton Kane Goswell Jak Bratton Vincent Brittain C Kubaski Vicari Aguiar Pallu Graham Brewer Eleanor Atter Emma Sharpe Sharon Bray Terry Plumb Madeline Griffin Emma Wing Zak Spencer Daniel Watson Freddie Butcher Joshua Melloy Rhys Lewis Amie-Blossom Barker-Ford

Key Management Vincent Brittain Steve Bull (Resigned June 2023) Jon Clack Chris Graves Emma Sharpe Website

www.inspireplus.org.uk

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of Inspire Plus for the purposes of company law) are responsible for preparing the Report of the Trustees 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 which 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 those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to 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:

Page 17

Inspire Plus (Registered number: 07778125) Report of the Trustees for the Year Ended 31 August 2023

AUDITORS

The auditors, Wright Vigar Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

Approved by order of the board of trustees on 16 May 2024 and signed on its behalf by:

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........................................................................ D A Joint - Trustee

Page 18

Inspire Plus Report of the Independent Auditors to the Members of Inspire Plus

Opinion

We have audited the financial statements of Inspire Plus (the 'charitable company') for the year ended 31 August 2023 which comprise the Statement of Financial Activities, the Statement of Financial Position, the 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 applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

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 Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the 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 charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are 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.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

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.

In connection with our audit of the financial statements, 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.

Opinions on other matters 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 the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.

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

Page 19

Inspire Plus Report of the Independent Auditors to the Members of Inspire Plus

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, 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 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 charitable company or to cease operations, or have no realistic alternative but to do so.

Our 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 a Report of the Independent Auditors 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.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Our work is performed to include an assessment of the susceptibility of the entity's financial statements to material misstatement, including the risk of fraud. Owing to the inherent limitations of an audit, there is an unavoidable risk that material misstatements in the financial statements may not be detected, even though the audit is properly planned and performed in accordance with the ISAs (UK).

In identifying and assessing risk of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, our procedures included the following:

We assessed the susceptibility of the Company's financial statements to material misstatement, including how fraud might occur. Audit procedures performed by the engagement team included:

-

Assessing the extent of compliance with the relevant laws and regulations.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

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 auditors' 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.

Paul Colcomb

Paul Colcomb (May 17, 2024 12:05 GMT+1)

Paul Colcomb FCCA (Senior Statutory Auditor) for and on behalf of Wright Vigar Limited Statutory Auditors Chartered Accountants & Business Advisers 15 Newland Lincoln Lincolnshire LN1 1XG

Date: 16 May 2024

Page 20

Inspire Plus

Statement of Financial Activities for the Year Ended 31 August 2023

Notes
INCOME AND ENDOWMENTSFROM
Donations and legacies
3
Charitable activities
Core Activities
5
Education
Wrap Around Care
Investment income
4
Other income
6
Total
EXPENDITURE ON
Charitable activities
7
Core Activities
Education
Wrap Around Care
Total
NET INCOME
Transfers between funds
18
Net movement in funds
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
fund
£
-
468,157
290,074
33,010
17,700
-
808,941
429,599
254,528
53,531
737,658
71,282
(2,019)
69,263
1,204,438
1,273,701		 Restricted
funds
£
271,514
-
-
-
-

-

271,515
260,303
-

-

260,303
11,212

2,019
13,231
-

13,231		 2023
Total
funds
£

271,514
468,157
290,074
33,010
17,700

-
1,080,455
689,902
254,528

53,531

997,961
82,494

-
82,494
1,204,438
1,286,932		 2022
Total
funds
as restated
£
263,442
473,944
400,333
37,698
655

6,732
1,182,804

566,679
204,150

40,855

811,684
371,120

-
371,120
833,318
1,204,438

The notes form part of these financial statements

Page 21

Inspire Plus Statement of Financial Position 31 August 2023

FIXED ASSETS
Notes
Tangible assets
14
CURRENT ASSETS
Debtors
15
Investments
16
Cash at bank
CREDITORS
Amounts falling due within one year
17
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
NET ASSETS
FUNDS
Unrestricted funds
18
Restricted funds
TOTAL FUNDS		 Unrestricted
fund
£
13,087
129,830
263,110
951,575
1,344,515
(83,900)
1,260,615
1,273,702		 Restricted
funds
£
-
86,400
-

13,230
99,630
(86,400)

13,230
13,230		 2023
Total
funds

£
13,087
216,230
263,110
964,805
1,444,145
(170,300)
1,273,845
1,286,932		 2022
Total
funds
as restated
£
14,434
166,222
-
1,140,197
1,306,419
(116,415)
1,190,004
1,204,438
1,273,702
13,230		 1,286,932
1,273,702
13,230
1,286,932		 1,204,438
1,204,438

-
1,204,438

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 16 May 2024 and were signed on its behalf by:

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............................................. D A Joint - Trustee

The notes form part of these financial statements

Page 22

Inspire Plus
Statement of Cash Flows
Ended 31 August
Notes
Cash flows from operating activities
Cash generated from operations
1
Net cash provided by operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Sale of tangible fixed assets
Interest received
Listed investments
Net cash used in investing activities
Change in cash and cash equivalents in
the reporting period
Cash and cash equivalents at the
beginning of the reporting period
Cash and cash equivalents at the end of
the reporting period		 Inspire Plus
**Statement of Cash Flows **		 Inspire Plus
**Statement of Cash Flows **		 Inspire Plus for the Year
2023
2023
£

72,334

72,334
(2,569)
253
17,700
(263,110)
(247,726)
(175,392)
1,140,197

964,805		 2022
as restated
£

335,670

335,670
(16,194)
-
653

-

(15,541)
320,129

820,068
1,140,197
Ended 31 August 2023

The notes form part of these financial statements

Page 23

Inspire Plus

Notes to the Statement of Cash Flows for the Year Ended 31 August 2023

1.
RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING
Net income for the reporting period (as per the Statement of Financial
Activities)
Adjustments for:
Depreciation charges
Investment income
Increase in debtors
Increase in creditors
Net cash provided by operations
2.
ANALYSIS OF CHANGES IN NET FUNDS
At 1.9.22
£
Net cash
Cash at bank
1,140,197
1,140,197
Liquid resources
Deposits included in cash
-
Current asset investments
-

-
Total
1,140,197		 ACTIVITIES
2023
£
82,494
3,663
(17,700)
(50,008)
53,885
72,334
Cash flow
£
(175,392)
(175,392)
-

263,110

263,110

87,718		 2022
as restated
£
371,120
1,760
(653)
(79,914)
43,357
335,670
At 31.8.23
£

964,805

964,805
-

263,110

263,110
1,227,915

The notes form part of these financial statements

Page 24

Inspire Plus Notes to the Financial Statements for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

Inspire Plus is a Charitable company, limited by guarantee, registered in England and Wales. The charitable company's registered number and registered office address can be found on the Report of the Trustees.

The presentational currency of the charitable company is Sterling.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

All incoming resources (including government grants) are included on the Statement of Financial Activities when the charity is legally entitled to the income, when it is probable that the amount will be received and when the amount can be quantified with reasonable accuracy.

Donated goods and services are measured at the market value or cost that the gift would been to the charity.

Investment Income Recognition

Investment income is recognised when receivable and the amount can be measured reliably by the charity. This is normally upon the notification of the interest paid or payable by the bank.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 20% on cost

Assets costing £250 or more will be capitalised.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

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Inspire Plus Notes to the Financial Statements - continued for the Year Ended 31 August 2023

2. ACCOUNTING POLICIES - continued

Government grants

Grants relating to the Coronavirus Job Retention Scheme are recognised in full in the period in which the associated salary, national insurance and pension costs were incurred.

3. DONATIONS AND LEGACIES

3.
DONATIONS AND LEGACIES
Donations
4.
INVESTMENT INCOME
Bank interest
5.
INCOME FROM CHARITABLE ACTIVITIES
Activity
Core Activities
Core Activities
Core Activities
Education
Core Activities
Wrap Around Care
6.
OTHER INCOME
Government grants		 2023
£
a
271,514		 2022
s restated
£
263,442
271,514
2023
£
a
17,700
2023
£
a
468,157
290,074
33,010
791,241
2023
£
a

-		 263,442
2022
s restated
£

655
2022
s restated
£
473,944
400,333
37,698
911,975
2022
s restated
£
6,732

During the year, the charitable company received no other income. In the previous year, the charitable company received Coronavirus Job Retention Support grants amounting to £6,732.

7. CHARITABLE ACTIVITIES COSTS

Core Activities
Education
Wrap Around Care		 Direct
Costs
£
168,476
9,784

2,231
180,491		 Grant
funding of
activities
(see note
8)
£
1,687
1,300

-

2,987		 Support
costs (see
note 9)
£
519,739
243,444
51,300
814,483		 Totals
£
689,902
254,528
53,531

997,961

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Inspire Plus Notes to the Financial Statements - continued for the Year Ended 31 August 2023

8. GRANTS PAYABLE

The charity paid £2,987 (2022: £2,058) in grants to individuals for equipment and coaching in the year.

9.

SUPPORT COSTS

Management
Core Activities
£
492,841
Education
239,012
Wrap Around Care
49,730
781,583		 Governance
Finance
costs
£
24
£
26,874
-
4,432

92

1,478

116
32,784		 Totals
£
519,739
243,444
51,300

814,483

Support costs, included in the above, are as follows:

Management

Wages
Social security
Pensions
Insurance
Telephone
Postage and stationery
Sundries
Coaching and equipment
CPD
Travelling
Website support and IT
costs
Other management costs
Depreciation of tangible and
heritage assets
Finance
Bank charges
Governance costs
Auditors' remuneration
Auditors' remuneration for
non audit work
Accountancy fees
Carried forward		 Core
Activities
£
356,109
25,995
19,389
2,192
577
4,951
67
31,842
4,498
24,917
7,922
11,923

2,459
492,841
Core
Activities
£
3,400
3,150
(1,662)
4,888		 Education
£
170,251
14,819
11,481
1,096
578
999
30
2,610
576
7,768
4,045
23,564

1,195
239,012
Core
Activities
£

24
Education
£
-
-
2,294
2,294		 Wrap
Around
Care
£
41,427
1,684
1,613
365
461
73
10
299
173
1,076
1,528
1,012
9
49,730
Wrap
Around
Care
£

92
Wrap
Around
Care
£
-
-

765
765		 2023
a
Total
activities
£
567,787
42,498
32,483
3,653
1,616
6,023
107
34,751
5,247
33,761
13,495
36,499

3,663
781,583
2023
a
Total
activities
£
116
2023
a
Total
activities
£
3,400
3,150
1,397
7,947		 2022
s restated
Total
activities
£
446,623
33,994
28,647
3,705
1,140
3,926
173
47,872
19,053
24,509
16,078
32,735

1,760
660,215
2022
s restated
Total
activities
£
151
2022
s restated
Total
activities
£
3,250
3,000
1,056
7,306

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Inspire Plus Notes to the Financial Statements - continued for the Year Ended 31 August 2023

9. SUPPORT COSTS - continued

Governance costs - continued

Core
Activities
Education
£
£
Brought forward
4,888
2,294
Legal fees
21,986
2,138
26,874
4,432		 Wrap
2023
2022
as restated
Around
Total
Total
Care
activities
activities
£
£
£
765
7,947
7,306
713
24,837
9,905
1,478
32,784
17,211

10. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2023 2022
as restated
£ £
Auditors' remuneration 3,400 3,250
Auditors' remuneration for non audit work 3,150 3,000
Depreciation - owned assets 3,663 1,760

11. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 August 2023 nor for the year ended 31 August 2022.

Steve Bull was employed by the charity up until June 2023 when he resigned, he was then appointed as a trustee in November 2023 and has not received any remuneration since his appointment.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 August 2023 nor for the year ended 31 August 2022.

12. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs
The average monthly number of employees during the year was as follows:
Staff		 2023
£
a
567,787
42,498
32,483
642,768
2023

26
a		 2022
s restated
£
446,623
33,994
28,647
509,264
2022
s restated

22

The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:

£60,001 - £70,000 2023
as

1		 2022
restated

1

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Inspire Plus Notes to the Financial Statements - continued for the Year Ended 31 August 2023

13. PRIOR YEAR ADJUSTMENT

During the period the activities of the charity were reviewed in further detail and re-analysed in the accounts. As this was a change in accounting policy the prior year figures were required to be reviewed and restated. There was no overall impact on the surplus but items were reanalysed on the face of the Statement of Financial Activities.

14. TANGIBLE FIXED ASSETS

COST
At 1 September 2022
Additions
Disposals
At 31 August 2023
DEPRECIATION
At 1 September 2022
Charge for year
Eliminated on disposal
At 31 August 2023
NET BOOK VALUE
At 31 August 2023
At 31 August 2022
15.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Other debtors
Prepayments and accrued income
16.
CURRENT ASSET INVESTMENTS
Listed investments		 2023
£
57,599
-
158,631
216,230
2023
£
263,110		 a
a		 Fixtures
and
fittings
£
16,194
2,569
(299)
18,464
1,760
3,663
(46)
5,377
13,087
14,434
2022
s restated
£
52,426
1,000
112,796
166,222
2022
s restated
£
-

s

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Inspire Plus Notes to the Financial Statements - continued for the Year Ended 31 August 2023

17. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade creditors
Social security and other taxes
Accruals and deferred income		 2023
£
a
38,897
14,542
116,861
170,300		 2022
s restated
£
61,644
15,814
38,957
116,415

18. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Restricted funds
Football Association
Holiday Activities and Food
YST Inclusion Schools
TOTAL FUNDS
Net movement in funds, included in the above ar
Unrestricted funds
General fund
Restricted funds
Football Association
SKDC
Holiday Activities and Food
YST Inclusion Schools
TOTAL FUNDS		 At 1.9.22
£
1,204,438
-
-
-

-
1,204,438
e as follows:		 Net
movement
in funds
£
71,283
(1,169)
13,230

(850)

11,211

82,494
Incoming
resources
£
808,940
6,401
23,333
238,031

3,750

271,515
1,080,455		 Transfers
between
funds
£
(2,019)
1,169
-

850

2,019

-
Resources
expended
£
(737,657)
(7,570)
(23,333)
(224,801)

(4,600)
(260,304)
(997,961)		 At
31.8.23
£
1,273,702
-
13,230

-

13,230
1,286,932
Movement
in funds
£
71,283
(1,169)
-
13,230

(850)

11,211

82,494

Comparatives for movement in funds

Unrestricted funds
General fund
Restricted funds
SKDC
TOTAL FUNDS		 At 1.9.21
£
833,318
-
833,318		 Net
Transfers
movement
between
At
in funds
funds
31.8.22
£
£
£
364,142
6,978
1,204,438
6,978
(6,978)
-
371,120

-
1,204,438

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Inspire Plus Notes to the Financial Statements - continued for the Year Ended 31 August 2023

18. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are asfollows:

Unrestricted funds
General fund
Restricted funds
Football Association
SKDC
TOTAL FUNDS		 Incoming
resources
£
1,165,917
7,150

9,737

16,887
1,182,804		 Resources
expended
£
(801,775)
(7,150)

(2,759)

(9,909)
(811,684)		 Movement
in funds
£
364,142
-

6,978

6,978

371,120

The charity has the following restricted funds:

Football Association

These funds were received via a grant from the Football Association to provide womens football courses in schools.

SKDC

A grant was received from South Kesteven District Council Business Diversification, Recovery and Resilience Scheme to be used against agreed expenditure.

Transfers between funds

A transfer was made from the SKDC fund to general funds to reflect the capital purchase of computer equipment.

19. RELATED PARTY DISCLOSURES

During the period the charity received goods of £Nil (2022: £1,200) from Safety Guidance Limited, a company in which outgoing director D Price is also a director. There was no balance due to Safety Guidance Limited at either year end.

During the period the charity paid trustee, R Tyler, for services during the period which were unrelated to his work as a trustee, amounting to £Nil (2022: £1,697). There was a balance due to R Tyler at the year end of £Nil (2022: £375).

Key management includes the Chief Executive, and four other members of the charity (2022: Chief executive only and three other members of the charity). The remuneration paid or payable to management for employee services is shown below:

Salaries for the year totalled £190,399 (2022: £163,719). Employer's NI for the year totalled £21,054 (2022: £13,749). Employer's pension contributions for the year totalled £16,078 (2022: £19,130). Expenses reimbursed for the year totalled £5,701 (2022: £4,303).

Page 31

Inspire Plus Detailed Statement of Financial Activities for the Year Ended 31 August 2023

INCOME AND ENDOWMENTS
Donations and legacies
Donations
Legacies
Investment income
Bank interest
Charitable activities
Core Activities
Other income
Government grants
Total incoming resources
EXPENDITURE
Charitable activities
Light and heat
Direct costs
Grants to institutions
Support costs
Management
Wages
Social security
Pensions
Insurance
Telephone
Postage and stationery
Sundries
Coaching and equipment
CPD
Travelling
Website support and IT costs
Other management costs
Depreciation of tangible and heritage assets
Finance
Bank charges
Governance costs
Auditors' remuneration
Auditors' remuneration for non audit work
Accountancy fees
Legal fees
Total resources expended
Net income		 INCOME AND ENDOWMENTS
Donations and legacies
Donations
Legacies
Investment income
Bank interest
Charitable activities
Core Activities
Other income
Government grants
Total incoming resources
EXPENDITURE
Charitable activities
Light and heat
Direct costs
Grants to institutions
Support costs
Management
Wages
Social security
Pensions
Insurance
Telephone
Postage and stationery
Sundries
Coaching and equipment
CPD
Travelling
Website support and IT costs
Other management costs
Depreciation of tangible and heritage assets
Finance
Bank charges
Governance costs
Auditors' remuneration
Auditors' remuneration for non audit work
Accountancy fees
Legal fees
Total resources expended
Net income		 2023
£

271,514		 2023
£

271,514		 2022
as restated
£
263,442		 2022
as restated
£
263,442

This page does not form part of the statutory financial statements

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