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2025-08-31-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 2025

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 2025

Page
Report of the Trustees 1 to 25
Report of the Independent Auditors 26 to 27
Statement of Financial Activities 28
Statement of Financial Position 29
Statement of Cash Flows 30
Notes to the Statement of Cash Flows 31
Notes to the Financial Statements 32 to 39

Inspire Plus (Registered number: 07778125)

Report of the Trustees for the Year Ended 31 August 2025

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 2025. 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, Leicester and around the Vale of Belvoir area. We supported over 90 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 1

Impact Report.

Registered charity in England and Wales (1144507)

Hello! Healthy, Happy & Active young people...

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D����� Darren Joint Chair of Trustees

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Vincent Brittain

Chief Executive / Founder

Our team

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More about us

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Our impact in schools

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inspire+ has delivered an outstanding, tailored membership that champions inclusion, growth, and curriculum progression.

Headteacher at an inspire+ Member School.

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Specialist PE & Sports Coaching – �������������������������������� ��������������������������������������������������������������

Young Ambassador Programme – ���������������������������� ����������������������������������������������������

Sport Clubs & Festivals – ������������������������������������������� ����������������������������������������������������������

Teacher CPD – ������������������������������������������������ ���������������������������������������������

Health & Well-being Initiatives – ��������������������������������� ���������������������������������������������������

Inspirational Athlete Visits – ����������� ������������������������������������������� ���������������������������������

Basic First Aid Training – ������������� ������������������������������������������� ���������������������������������������������������

Sport Leadership Academy – ����������� ���������������������������������������������� ������������������������������������������������ ���������������������������������

Wheelchair Sports – ����������������������� ���������������������������������������� ������������������������������������������� �����������������������������������

Numbers to celebrate

3200+ 1600+ children engaged with inspire+ in children trained in basic first-aid. PE or through clubs.

600+

girls accessed football opportunities. 5720 children and

schools engaged in the Legacy Tour organised in partnership with the Royal Ballet & Opera.

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240

221

Young Ambassadors.

Playground Leaders trained.

inspire+ visited us today to deliver first aid training to our Year 5 and Year 6 pupils, and it was absolutely brilliant. Hayley Taylor, Class Teacher at Colsterworth Primary School.

Our Sports Ambassadors

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jONATHaN bROOMeDWARDS

115 inspire+ Ambassador visits.

Themes explored this year:

Workshops

Assemblies

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Did you know?

Freya and Ed both went to school locally and had a connection with inspire+ through leadership and talented athlete programmes.

FREYA COLBERT

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Winner of the Active Event Award for the Mini Olympics at the 2024 Lincolnshire Sport & Physical Activity Awards.

2100+ children participated.

100+ volunteers per day.

----- Start of picture text -----
thank you to local sports clubs and national partners such as the Royal ballet &
opera who help make the games so special!
Opening Ceremony
Children proudly holding
their school banner
Closing Ceremony with
Royal Ballet & Opera
American Football
Volunteers
Football Freestyle
----- End of picture text -----

thank you to Allison Homes for sponsoring the 2024/25 Sports Leadership Academy!

Sports Leadership Academy

220+ active leaders across the year.

4850+ hours of voluntary work.

90+

sports festivals and community programmes supported by leaders.

Inclusivity

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40 schools accessed the programme.

10542

interactions with children and adults since the wheelchair programme commenced in July 2024.

thank you to bakkavor for providing fruit to the children attending our camps!

Our Impact in the Community

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7000+ healthy hot meals.

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I loved trying
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Child who attended one of our holiday camps.

We received fantastic support, particularly for my child with additional needs.

Parent of a child who attended one of our holiday camps.

I think it is amazing that our children are being taught things such as cooking and first aid skills from such a young age by coming to the HAF camp. They are learning things they would not always learn in school and developing new skills.

Parent of a child who attended one of our holiday camps.

I wish I could go to camp every day.

Child who attended one of our holiday camps.

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Our impact in shaping future teachers

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90+

600+

apprentices trained this year.

apprentices trained since 2017.

Awards

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Apprentice Spotlight

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deneil thomas

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Mr Thomas, I wanted to tell you how much you believed in me, even when I didn’t believe in myself. You changed my life. Thank you for everything you’ve done. Pupil at West Grantham Primary Academy.

Apprentice Spotlight

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Charlie Dobson

Charlie is proactive, respectful and adaptable; a real asset to the school community.

Fundraising & Partnerships

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Belton Park Golf Club is delighted to be Pictures from the Gala Dinner supporting inspire+. The charity is making a huge difference in the local area and we hope the funds we raise will support the charity in their work.

Tom Price, Club Captain, Belton Park Golf Club.

£93k raised or in-kind support received by our donors in the past twelve months.

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Healthy, Happy, Active Young People

01476 578137 info@inspireplus.org.uk

www.inspireplus.org.uk Charity Number : 1144507

Inspire Plus (Registered number: 07778125)

Report of the Trustees for the Year Ended 31 August 2025

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 £1,219,063 (2024: £1,357,951) with an expenditure for the period of £981,156 (2024: £1,037,875). Net current assets of the charity amounted to £1,785,824 (2024: £1,537,537) as at 31 August 2025.

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

Total reserves held at the year end were £1,844,915, of which £52,764 were restricted funds.

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 unrestricted reserves at the year-end were £1,792,151 representing just short of 22 months of expenditure.

FUTURE PLANS

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 look to provide further community programmes to engage more children and young people to support them being healthier, happier and active. The charity will continue to organise 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.

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Inspire Plus (Registered number: 07778125)

Report of the Trustees for the Year Ended 31 August 2025

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 Dysart Road Grantham NG31 7LE

Trustees

C Game S J Barter R J Tyler D A Joint T Mountain B Ladva B Lord J Barnes G Hart R Price P D A Stokes C Hines B Good (appointed 1.10.25)

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 23

Inspire Plus (Registered number: 07778125)

Report of the Trustees for the Year Ended 31 August 2025

REFERENCE AND ADMINISTRATIVE DETAILS

Staff

Chris Graves Micky Walkden Carl Blackman Sophie Devenish Samuel Ruddock David Upton Chris Wheaton Kane Goswell Jak Bratton Vincent Brittain C Kubaski Vicari Aguiar Pallu Graham Brewer Eleanor Atter Emma Sharpe Sharon Bray Freddie Butcher Joshua Melloy Amie-Blossom Barker-Ford Steve Bull Talia Ratcliffe Cheryl McDade Ria Cherian Paige Cheek Daniel Willcock Riley Kidd Sophie Brittain Pheobe Richards-Reeves Melissa Mason Sophia Berladyn Freddie Streeter Key Management Vincent Brittain Steve Bull 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. Under that law, the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).

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 those financial statements, the trustees are required to

Page 24

Inspire Plus (Registered number: 07778125)

Report of the Trustees for the Year Ended 31 August 2025

STATEMENT OF TRUSTEES' RESPONSIBILITIES - continued

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:

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 26 May 2026 and signed on its behalf by:

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

Page 25

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 2025 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).

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 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 26

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:

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 26, 2026 17:55:01 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: 26 May 2026

Page 27

Inspire Plus

Statement of Financial Activities

for the Year Ended 31 August 2025

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
3
Charitable activities
5
Core Activities
Education
Wrap Around Care
Community
Investment income
4
Total
EXPENDITURE ON
Charitable activities
6
Core Activities
Education
Wrap Around Care
Community
Total
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
Unrestricted
fund
£
-
477,553
335,838
37,224
605
49,349
900,569
200,654
252,313
47,457
145,543
645,967
254,602
1,537,549
1,792,151
Restricted
funds
£
-
9,400
-
-
309,094
-
318,494
231,931
55
-
103,203
335,189
(16,695)
69,459
52,764
2025
Total
funds

£
-
486,953
335,838
37,224
309,699
49,349
1,219,063
432,585
252,368
47,457
248,746
981,156
237,907
1,607,008
1,844,915
2024
Total
funds
as restated
£
59,700
754,953
423,447
41,010
-
78,841
1,357,951
680,125
305,079
52,671
-
1,037,875
320,076
1,286,932
1,607,008

The notes form part of these financial statements

Page 28

Inspire Plus

Statement of Financial Position

31 August 2025

Notes
FIXED ASSETS
Tangible assets
13
CURRENT ASSETS
Debtors
14
Investments
15
Cash at bank
CREDITORS
Amounts falling due within one year
16
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
NET ASSETS
FUNDS
18
Unrestricted funds
Restricted funds
TOTAL FUNDS
Unrestricted
fund
£
6,327
63,220
292,213
1,532,452
1,887,885
(102,061)
1,785,824
1,792,151
1,792,151
Restricted
funds
£
52,764
118,453
-
-
118,453
(118,453)
-
52,764
52,764
2025
Total
funds

£
59,091
181,673
292,213
1,532,452
2,006,338
(220,514)
1,785,824
1,844,915
1,844,915
1,792,151
52,764
1,844,915
2024
Total
funds
as restated
£
69,471
179,196
295,789
1,278,335
1,753,320
(215,783)
1,537,537
1,607,008
1,607,008
1,537,549
69,459
1,607,008

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 26 May 2026 and were signed on its behalf by:

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

The notes form part of these financial statements

Page 29

Inspire Plus

Statement of Cash Flows
for the Year Ended 31 August 2025
2025
Notes
£
Cash flows from operating activities
Cash generated from operations
1
190,325
Net cash provided by operating activities
190,325
Cash flows from investing activities
Purchase of tangible fixed assets
(330)
Interest received
52,925
Net cash provided by/(used in) investing activities
52,595
Change in cash and cash equivalents in
the reporting period
242,920
Cash and cash equivalents at the
beginning of the reporting period
2
1,211,079
Cash and cash equivalents at the end of
the reporting period
2
1,453,999
2024
as restated
£
260,201
260,201
(60,090)
46,163
(13,927)
246,274
964,805
1,211,079

The notes form part of these financial statements

Page 30

Inspire Plus

Notes to the Statement of Cash Flows for the Year Ended 31 August 2025

1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net income for the reporting period (as per the Statement of Financial
Activities)
Adjustments for:
Depreciation charges
Investment income
(Increase)/decrease in debtors
Decrease in creditors
Net cash provided by operations
2.
ANALYSIS OF CASH AND CASH EQUIVALENTS
Notice deposits (less than 3 months)
Overdrafts included in bank loans and overdrafts falling due within one year
Total cash and cash equivalents
2025
£
237,907
10,710
(49,349)
(2,477)
(6,466)
190,325
2025
£
1,532,452
(78,453)
1,453,999
2024
as restated
£
320,076
3,707
(78,843)
37,034
(21,773)
260,201
2024
as restated
£
1,278,335
(67,256)
1,211,079

3.

ANALYSIS OF CHANGES IN NET FUNDS

Net cash
Cash at bank
Bank overdrafts
Liquid resources
Deposits included in cash
Current asset investments
Total
At 1.9.24
£
1,278,335
(67,256)
1,211,079
-
295,789
295,789
1,506,868
Cash flow
£
254,117
(11,197)
242,920
-
(3,576)
(3,576)
239,344
At 31.8.25
£
1,532,452
(78,453)
1,453,999
-
292,213
292,213
1,746,212

The notes form part of these financial statements

Page 31

Inspire Plus

Notes to the Financial Statements for the Year Ended 31 August 2025

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.

Plant and machinery - 10% on reducing balance 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.

Page 32

continued...

Inspire Plus

Notes to the Financial Statements - continued for the Year Ended 31 August 2025

2. ACCOUNTING POLICIES - continued

Financial instruments

The charitable company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the charitable company would receive for the asset if it were to be sold at the balance sheet date.

3. DONATIONS AND LEGACIES

Donations
4.
OTHER TRADING ACTIVITIES
Fundraising events
4.
INVESTMENT INCOME
Bank interest
5.
INCOME FROM CHARITABLE ACTIVITIES
Activity
Other Activities and Services Core Activities
School Services
Core Activities
Grants
Core Activities
Specialist Coaching Service
Core Activities
Sports Clubs and Camps
Core Activities
Other Activities and Services Education
Apprentice funding
Education
Other Activities and Services Wrap Around Care
Reach for the stars
Wrap Around Care
Other Activities and Services Community
Grants
Community
Sports Clubs and Camps
Community

Page 33

continued...

Inspire Plus

Notes to the Financial Statements - continued for the Year Ended 31 August 2025

6. CHARITABLE ACTIVITIES COSTS

CHARITABLE ACTIVITIES COSTS
Core Activities
Education
Wrap Around Care
Community
Direct
Costs
£
59,217
2,386
2,526
103,295
167,424
Grant
funding of
activities
(see note
7)
£
388
1,800
-
-
2,188
Support
costs (see
note 8)
£
372,980
248,182
44,931
145,451
811,544
Totals
£
432,585
252,368
47,457
248,746
981,156

7. GRANTS PAYABLE

The charity paid £2,188 (2024: £1,254) in grants to individuals for equipment and coaching in the year.

8. SUPPORT COSTS

SUPPORT COSTS
Management
£
Core Activities
349,109
Education
245,091
Wrap Around Care
43,814
Community
143,905
781,919
Governance
Finance
costs
£
£
8
23,863
-
3,091
87
1,030
-
1,546
95
29,530
Totals
£
372,980
248,182
44,931
145,451
811,544

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
Core
Activities
£
227,262
9,000
14,266
4,143
1,512
2,284
89
48,470
2,590
13,738
6,446
9,809
9,500
349,109
Education
£
182,943
19,959
13,524
2,761
-
2,476
-
2,078
474
5,220
3,875
10,581
1,200
245,091
Wrap
Around
Care
£
34,549
2,460
1,796
921
-
568
-
65
294
508
1,795
848
10
43,814

Page 34

continued...

Inspire Plus

Notes to the Financial Statements - continued for the Year Ended 31 August 2025

8. SUPPORT COSTS - continued

Management - continued

Community
£
Wages
118,021
Social security
10,966
Pensions
7,299
Insurance
1,381
Telephone
-
Postage and stationery
691
Sundries
-
Coaching and equipment
-
CPD
864
Travelling
1,185
Website support and IT costs
1,881
Other management costs
1,617
Depreciation of tangible and heritage assets
-
143,905
Finance
Wrap
Core
Around
Activities
Care
£
£
Bank charges
8
87
Governance costs
Core
Activities
£
Auditors' remuneration
5,000
Auditors' remuneration for non audit work
3,820
Accountancy fees
684
Legal fees
14,359
23,863
Community
£
Auditors' remuneration
-
Auditors' remuneration for non audit work
-
Accountancy fees
228
Legal fees
1,318
1,546
2025
a
Total
activities
£
562,775
42,385
36,885
9,206
1,512
6,019
89
50,613
4,222
20,651
13,997
22,855
10,710
781,919
2025
a
Total
activities
£
95
Education
£
-
-
456
2,635
3,091
2025
a
Total
activities
£
5,000
3,820
1,520
19,190
29,530
2024
s restated
Total
activities
£
650,784
51,350
38,548
4,575
1,697
5,723
81
27,252
4,486
28,424
12,433
21,913
3,707
850,973
2024
s restated
Total
activities
£
97
Wrap
Around
Care
£
-
-
152
878
1,030
2024
s restated
Total
activities
£
3,600
3,400
1,586
29,760
38,346

Page 35

continued...

Inspire Plus

Notes to the Financial Statements - continued

for the Year Ended 31 August 2025

9. NET INCOME/(EXPENDITURE)

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

Auditors' remuneration
Auditors' remuneration for non audit work
Depreciation - owned assets
2025
as
£
5,000
3,820
13,928
2024
restated
£
3,600
3,400
3,706

10. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 August 2025 nor for the year ended 31 August 2024.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 August 2025 nor for the year ended 31 August 2024.

11. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs
2025
a
£
562,775
42,385
36,885
642,045
2024
s restated
£
650,784
51,350
38,548
740,682

The average monthly number of employees during the year was as follows:

2025 2024
as restated
Staff 24 26
The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was
2025 2024
as restated
£60,001 - £70,000 1 1

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

12. PRIOR YEAR ADJUSTMENT

During the period it was noted that a gift-in kind was received in the prior year. As a result of this, the prior year figures have been adjusted to reflect the donation and the addition of the capital items. The impact of this was an increase to restricted funds of £59,700.

Page 36

continued...

Inspire Plus

Notes to the Financial Statements - continued for the Year Ended 31 August 2025

13. TANGIBLE FIXED ASSETS

13.
TANGIBLE FIXED ASSETS
Plant and
machinery
£
COST
At 1 September 2024
59,700
Additions
-
At 31 August 2025
59,700
DEPRECIATION
At 1 September 2024
-
Charge for year
6,936
At 31 August 2025
6,936
NET BOOK VALUE
At 31 August 2025
52,764
At 31 August 2024
59,700
14.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Prepayments and accrued income
15.
CURRENT ASSET INVESTMENTS
Listed investments
16.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Bank loans and overdrafts (see note 17)
Trade creditors
Social security and other taxes
Accruals and deferred income

Fixtures
and
fittings
£
18,854
330
19,184
9,083
3,774
12,857
6,327
9,771
2025
£
43,373
138,300
181,673
2025
£
292,213
2025
£
78,453
35,152
16,394
90,515
220,514
a
a
Totals
£
78,554
330
78,884
9,083
10,710
19,793
59,091
69,471
2024
s restated
£
43,992
135,204
179,196
2024
s restated
£
295,789
2024
s restated
£
67,256
36,041
14,889
97,597
215,783
a

17. LOANS

The overdraft relates to a fund balance deficit, this is due to timing of money being received by the charity post year end.

Page 37

continued...

Inspire Plus

Notes to the Financial Statements - continued for the Year Ended 31 August 2025

18. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Restricted funds
Holiday Activities and Food
Lincolnshire Wheelchair Sport Programme
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Restricted funds
Football Association
SKDC
Holiday Activities and Food
YST Inclusion Schools
Lincolnshire Wheelchair Sport Programme
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
General fund
Restricted funds
Holiday Activities and Food
Lincolnshire Wheelchair Sport Programme
TOTAL FUNDS
At 1.9.24
£
1,537,549
9,759
59,700
69,459
1,607,008
Incoming
resources
£
900,569
6,400
40,001
269,093
3,000
-
318,494
1,219,063
At 1.9.23
£
1,273,702
13,230
-
13,230
1,286,932
Net
movement
in funds
£
254,602
(9,759)
(6,936)
(16,695)
237,907
Resources
expended
£
(645,967)
(6,400)
(40,001)
(278,852)
(3,000)
(6,936)
(338,407)
(981,156)
Net
movement
in funds
£
263,847
(3,471)
59,700
56,229
320,076
At
31.8.25
£
1,792,151
-
52,764
52,764
1,844,915
Movement
in funds
£
254,602
-
-
(9,759)
-
(6,936)
(16,695)
237,907
At
31.8.24
£
1,537,549
9,759
59,700
69,459
1,607,008

Page 38

continued...

Inspire Plus

Notes to the Financial Statements - continued for the Year Ended 31 August 2025

18. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Football Association
SKDC
Holiday Activities and Food
YST Inclusion Schools
Lincolnshire Wheelchair Sport Programme
TOTAL FUNDS
Incoming
resources
£
987,563
6,400
39,999
260,390
3,899
59,700
370,388
1,357,951
Resources
expended
£
(723,716)
(6,400)
(39,999)
(263,861)
(3,899)
-
(314,159)
(1,037,875)
Movement
in funds
£
263,847
-
-
(3,471)
-
59,700
56,229
320,076

The charity has the following restricted funds:

Football Association

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

SKDC

A grant was received from South Kesteven District Council UK Shared Prosperity scheme (Move & Food) to be used against agreed expenditure.

Youth Support Trust

We are the lead inclusion school for Lincolnshire, Funding is received to develop and increase the opportunities for children and young people with SEND.

Lincolnshire Wheelchair Sports Programme

We received a donation of wheelchairs and relevant equipment from Lincolnshire WSP. We aim to use these wheelchairs to enable children with physical disabilities to fully participate in physical education sessions.

19. RELATED PARTY DISCLOSURES

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 £1,152 (2024: £931). There was a balance due to R Tyler at the year end of £Nil (2024: £Nil).

Key management includes the Chief Executive, and four other members of the charity (2024: Chief executive, 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 £203,554 (2024: £160,627). Employer's NI for the year totalled £19,640 (2024: £17,576). Employer's pension contributions for the year totalled £19,103 (2024: £14,289). Expenses reimbursed for the year totalled £5,407 (2024: £5,983).

Page 39