Charlty reglstratlon number 1163533 LEVENSHULME INSPIRE FOUNDATION ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENT5 FOR THE YEAR ENDED 31 MARCH 2024
LEVENSHULME INSPIRE FOUNDATION LEGAL AND ADMINISTRATIVE INFORMATION Tru5tee5 Ecox Mr G Sammons T A Wiseman (Appointed l April 20241 (Appointed l April 20241 IAppDinted l April 20241 Mr T Hoplev L Davles S Wokefield K Lowe S Arshad (Appointed l Aprll 20141 (Appolnted 16 May 20241 tharlty numb•r 1163S33 Ind¢p¢nd¢nt examlner MStchell Charlesworth (Audltl Limlted 3rd Floor 44 Peter Street Mènchestef M2 5GP
LEVENSHULME INSPIRE FOUNDATION CONTENTS P4É¢ Trustee5' report Independent ex•mlner'$ report Staternent ol Ilnantial i¢tlvlties Bolance sh•*t Notes to the flnanclal statements 9.20
LEVENSHULME INSPIRE FOUNDATION TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 The Trustees present their annual report and financial statement5 f¢r the year ended 31 Morth 2024. The financlal statements have been prep3red in accordance with the accounting policies Set out sn note I to the financlal statements 3nd comply wkh the ¢harlty'$ 8overnin8 document, the Charitie5 A¢t 2011 and "Accountirtg and Reporting by Charlties.. 51atemerit of Recommended Practice applicable to charlties preparin8 their atcounts In accordan¢è with the Financial Reporting Standèrd appllcable in the UK and Republic of Ireland IFRS 1021. leffectlve l January 20191. Oblertlv•5 Ind artlv4tle5 The obiecis of the Inspire Foundation ore.. The promotlon and pio¥i51on of eommunlty capa¢ity bulldln8, Includln8 developln8 the capaclty and $kills of the members of the soclJlly and econemically dlsadvantaged community in such a way that they ire better able to dentifyi and help meet. Ihelr need$ •nd to participole rn9 fully In society. The rellef And preventlon ol poverty IncludinB finanelal hardshlp In the locality by provldin8 or a5$1stlng In the provlslon of educatlon, tralnlng, and referral with all the netessary support de51gned to enable indlvlduèls to 8en•ratè or access a 5ustsinable Income and tye self-sufflclent, The advancement of educatl¢n sn those otherwise dlsadvanta8ed by provldlng and èsslstln8 tralnlnÉ In soclal and physlcal sk1115 of petrplè of all ages but part5cularly youn8 people, the elderly, people with mental health need$. refugees and asylum seekers. In additien, the ¢h•rlty w511 ass15t In the provlslon of educatlon for Ih¢$e preparlni for entry to any occupatlon. trade or professlen. The trustees revlew the alm5, oblecrives and a¢tlvltSes of the charlty ta¢h Veèr. Thls report looks at whèt the charlty has chleved and the outtomes of It5 work In the reportin8 perlad. The trustees report the success of each key actlvlty and the benÈfit the charliy ha5 br¢u8ht to those 8rDups of people that It Is set io help. The revlew alsa helps the trustees ensure the cttarlty's alm5. oble¢tlYes and ictivltles remalned focused on Its stated purpose. The trustees hove referred te the 8uldance contained In the Charlty Comm1551on'$ 8enernl 8uldan£t on publlc beneflt when revlewin8 the charity's aims and eblertlves and In planning Its future actlvitles, In particular. the trustee5 consider how planned a¢tlvltles wlll contrlbute to the alm5 and oblectlves that have been set.
LEVENSHULME INSPIRE FOUNDATION TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Achlevem¢rtt$ ond ptrfofmance Siqnllicont tsctlvlties ondochievements ogolnsr objectlves The Foundatlon contlnued to work with the Le¥en5hulme In5plre CIC to Manage the community centre and Café to provide welcuming space to meet local nèeds. Together with the CIC and Café it has helped to develop è tommunlty centre that brings people together from diverse back8Tound5 to work, learn, eit arid have fun together. It is a re50urce to all and we aim to be a thrivin8 hub for all member5 of the community, Our central rni55ion is to unlock potentlal withln the community te capacity bulld 8roups and indlviduals to improve the quality of Ilfe for the whole area. We focus on 4 themes of èctlvSty ès a COSTOF LIV1NG HUB for the area.. FOQO- provlslon of a range of food support HEAT- a warm and welcomlng pl#re to go ADVICE-Ivallablllty of 5UPPOrt ACTION- è place to corne together to take Irtion We work wlth a ran8e of stakeholders and p•rtners. In¢ludln8 funders from statvtoryp charltable and prlvate Sectors to malntaln and develop our servlces ènd access to a supportlve and frlendly communlty space In Levenshulme, Each year eomplete a centre user survey, alongslde focus groups and on8olng customer feedback to understand local needs and utilise this informatlon and the local needs 05se5sment to plan and deliver responslve support wlth the community. For example, we recently shared Information from Greater Manchester Poverty Actlon wSthln the centre and w511 host Community Fe05t ¢0 share feedbo¢k •nd Ideas. Fetdback frorn Centre u$er$1s summèrlsed In th¢ word cloud below.. Levenshjiff '-ac+ivi+ies , rk,)i+ni e••er ,¥ ?eonlR': ' r.1 kun l B'l welcomin )*&r Infjpire k
LEVENSHULME INSPIRE FOUNDATION TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 The main Foundation prolerts in 202>2024 were.. Developing our lUnteerIng project to provlde opportunltle5 to volunteer on different projerts and èctlvlties at Insplre threu6h the Great Places Support Fund. The Hubbub Foundation hè$ helped us ro reduce food wèste through our weekly tommunlty fridge which provide5 surplus 8roceriÈs ènd meals to the community. It has also supported our family food 5e55ion5 after 5ch¢¢l to provide opportunities for families to mlx and eat te8eiher. This tvo h45 reduced social isolation for some parents. prodIng youth artivitle5 at the centre. Includln¥ holiday artl¥itlÈ$ for prlmary age children and speclflc rnusic SEND se$51ons. Developln8 our cholr5 te create a sense of belonglng and wellbelng worklng with iroups thai ¢an feel Isolated such 35 the elderly and those wlth very youn8 thlldren through grant funding from the Arts Councll, the Bi8 Llfe Groupi The Charlty Servi¢e, We Love Manchester and Peter Kersh•w. At tlmes It also brln8s generatlons tO8ether and works wlth other choirs In the community and ¢itv. Providing honds ort ¢ookery se5slens to help wlth the ¢ost of Ilvlng crlsls by showin8 how to prepare healthy law-COSt food for famllles and Indlviduals throu8h Famlly Healthy Cooking, The Bi8 Life Prolert and The shears Foundatlon Krants. An dded beneflt from our prolect experience over the years Is that food is a unifier wlthin the communlty. Sharin8 food 106ether increases community ¢oheslon and reduce5 soclal15o14tion. We encoura8ed hlBhtr sport5 en8a8ement and part5¢lpation throygh gfferln8 Yg8a and Pllates cla5se5 w5th the Sports En8l•nd grant. Updatlng eur a8ln8 café equlpment and Infrèsrructure throu8h the Our Manchester Food Peverty grants. In addltlon, we host the Bread and Butter Thlng, whlch provldes 5urplu5 food to the cornmunlty for a modest char8e and an Informotlon servlce through our partner5hlp with Citilen's Advlce Bureau. The Foundatlon also admlnistèrs a URC project for chlldren. youth and lamille5 for the church that meets on It5 premlses. The project worker has provided Some activltle5 Wlth In5plre staff for the beneflt of the wlder comrnvnltv. The Foundatlon and Insplred Taskfor¢e be¢•me Independent of each other on 3 May 2021. although the relatlonshlp rernaln5 close and the Ta5klorte is based èt the In5plre Centre,
LEVENSHULME INSPIRE FOUNDATION TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Flnanclal revlew De5Plte the difficult financial climate of rising ¢tssts, redu¢in8 local 4Uthority bud8ets, competitive fundin8 programme5 and higher demand for support, the accounts reflect show hi8her Incorne and expenditure and hl8her net Income compared to last Year. Durln8 tht yÈar, the charlty had total Sncome of £247,20012023 reststed.. E143,6931. Payments made durln8 the year totslled É180,51112023 restated., £138.5051. Net income wa5 £66,68912023 restoted £5,188). The amount held in the charity's bank balance at the yeafend was £115,13912023'. £52,130). We have also moved frem reporting the year's result5 on a c35h basi5 to an accrua15 bas15. Thls has resulted in chan8es to the comparative fS8ures whlch are described In the accounts as a prior year èdlustment. Note 14 provldes detall$ of our funders. The small restrlcted funds are earmarked for envlronmental eMpendSturÈ to help us reduce our carbon footprint, Our 5rn3ller ¥rant5 contribute to our tommunity activitie5 and brin8 the community together to eat. have fun and bulld respectful relatonshIpS wlth each ether. We are 8rateful for the Natlonal Lottery Cost of Llvln8 8rant th*t helped u$ to cover some of our operatlng eosts last year. The flnanclal challenges post Covld remaln s18nlflcant. There is less money about and fewer fundSn8 OPPQrtunltles avallable to support tommunlty projÈcts which means larger projects are more dlfficult to se¢ure. Thls imparts the CIC and C4fé too. Wt work wlth partners ènd funders to fund us practlcally and financially, and our collaboratlon wlth 4CT helps us to navlgate thls dlffl¢ult ¢llma¢e, We are also thankful for th¢ many volunteers who help us to keep our <ommunlty ¢entre thrlvln8. We have taken the decislon to slmpllfy our 8overnance 8oln8 forward. From l Aprll 2024 we moved our cornrnuttlty ¢tntre bu51ness to the Foundation, our charity, and our <afé a¢tlvltles Into the CIC. The 'calé' entlty. Le¥enshulme In5plre Café Ltd, ceased te operate Sndependently from l Aprll 2024, We have done thls to create 8reater efflclencles and maSntaln a small staff team to dellver our mlssSon. InspSre relles on a team of Incredlble volunteers frem Board to operatlonal levels and thanks each one ol them for thelr contrlbutlon. The ¢h•rlty ¢ontinue$ tts seek ntw proletts thai flt Its themes and etho$ 8oln8 forw•rd. Reservespollcy The Found•tion Board agreed a Ilve year iar8et to Increase Its resirlcted funds to ¢over 3 to 6 months ol turnover subject to As at 31 March 2024, the re51rl¢ted funds balance Is £77,73912023 restated.. £35,598) and total funds are £116,344 IZOZ3 restated,, £49,655)
LEVENSHULME INSPIRE FOUNDATION TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Strurture. govemante and management The Trustee5 who served durin8the yebr and up to the date of slgnature of the fSnancial statements were.. Ecox Mr G Sammon$ MGoff T A Wiseman Mr T Hoplev L Davles 5 Wèkefield K Lowe S Arshad IResl8ned 15 February 20241 (Appolnted l April 20241 (Appointed l April 20241 (Appolnted l Aprll 20241 (Appolnted l April 20241 (Appolnted 16 May 20241 At present the charity trustees Intlude those first appolnted as the "first trustees" when the charlty wa5 e5tab115hed. The trustees reserve rhe rlght to appolnt further trustees for a perlod of three years by the passln8 of a re501utlon at a properlv convened meeting of the trusree body with re8ard for the effettivè admlnlstration of the charity. Th15 could Snclude up to two nornlnated trustses from Levenshulme Insplre Unlted Reforrned Church. The In5plre Foundation 1$ a Charltèble Incorporated Or8an15atlon ICIOI whlch was constltuted on 14 September 2015 and operates accord5ng te It5 constltulion of that dale. It Is run by a b¢ard of trustees who meet on a quarterly bas15 to revlew •¢tlvltie5 and Shape lh¢ strète8lc dlrectlon of the Foundatlon. The trustees have no beneflclal Interest In the ¢h•r4ty. I trustee$ the5r tlme voluntadly and rec•lve na benefli from the ch•rlty. The Trusiee$' rewrt wès approved by the Board of Trustees. Mr G Sammons Truste Date.,
LEVENSHULME INSPIRE FOUNDATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LEVENSHULME INSPIRE FOUNDATION I report to the Trustees on rny eyamination of the fln#n¢lal statements of Levenshulme Insplre Foundatlon (the chèrltyl for the year ended 31 March 2024. Aesponslbllltles and basls of report As the Trustees of the charity you are responslble for the preparatlon of the flnanclal statements in accordance wlth the requlrements of the CharStles Act ZOII (the 2011 Actl. I report in respect of my E¥amination of the charlty's financlal statements carried out under section 145 of the 2011 Act. In carryin8 Out my examlnatSon I have follewed all the applicable Directions given by the Charity Commi$5ion under sÈctlon 14515llbl olthe 2011 Act. Independerf ex•mlner's ststement Your attention Is drawn to the lact that the charlty hos prtpared finHncial statement5 in è¢cordanre wllh Ac¢ountin8 and Reporting by Charltles preparin8 thelr accounts In accordance wlth the Flnancial Reportlng Standard applicable In the UK and Republlc of Ireland IFRS 1021 in preference to the Accountin8 3nd Reporting by Charitles.. St3tement of Recommended Practlce Issued on l AprS12005 whlch Is referred to In the extant re8ulatlons but has now betn withdrawn. l understand that thls has been done In order for financSal statements to provSde a true and falr vlew in accordance wlth Generally Accepted A¢¢ouniin8 Practlce effective for reportini perlods beiinnin8 on or alter l January 2015. I have completed my examlnatlon. I conflrm that no rnatters h•ve ¢¢me to my •ttentlon In uithne¢tlon wlth the examln8tlon 81% me ¢ause to belitve that In èny materSal respect.. aecountlng records were not kept in respect ol the charlty a5 requlred by sertlon 130 of the 2011 Act., or the flnanclal statement5 do not accord with those records.. Qr the Ilnonclal statements do not comply wlth the appllcable requlrements concernlng the form and content of accounts set our In the Charitles (Accounts and Report51 Re8ulaii¢ns 2008 other than any requirement rhar the a¢count$ 8lve trut and fairvlew whl¢h Is not a matter consldered as part of an Independent examinatlon, I have no concerns ènd have come across no other matter5 in connertion with the examlnotion to which attention should be dr•wn In thls report In order to enable a proper understandlng of the flnancial statements to be feached. J*ml•l••J0hnsto Mlt¢h•ll Ch•rltsw•rth IAudiil Llmlted 3rd Fleor 44 Peter street Manchester M2 SGP Dated.. 2510912024
LEVENSHULME INSPIRE FOUNDATION STATEMENT OF FINANCIAL AcfiviTIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrestrkted funds 2024 Restrlcted fuThd5 2024 Totsl Unre#rlcted funds 1023 Restrlcted funds 2023 Totsl 2024 2023 Notes Inrom• and •ndowments frgm.. Don6tions and le8ocie5 Other Income 105,229 4,763 137.194 14 241,423 4,777 18,343 13,354 111.3fj7 629 129,710 13,983 Total Incom• 109,992 137,208 247,2 31,697 111,996 143,693 Expendlture on.. Ralsln8 funds 30,868 54,576 174 94,893 31,042 149,469 143 42.275 26,788 69,299 26,931 111,574 Totsl •wndiiure 8S.444 9S,067 180,511 42.418 96,087 138,SOS N•t Income 24,548 42,141 66,689 110,7211 15,909 5.188 Tr•nsfers bttween lunds 771 N•t mo¥•rn•nt In lunds 24.548 42,141 66,669 19,9501 15,138 5.188 R•¢on¢lll•iion 01 funds.. Fund balènceg at l April 2023 14.057 35,598 49,655 24,007 20,460 44.467 Fund balances at JI Mar¢h 2024 38.605 77,739 116,Y4 14.057 35,598 49,655 The statement of flnanclal actlvltles Includès all Èalns and k$$¢s re¢o8nl$ed In tho year, All Income and txpendlture der* from contlnulng artlvltles.
LEVENSHULME INSPIRE FOUNDATION BALANCE SHEET AS AT31 MARCH 2024 2024 2023 N4)t•s CurreTht è55ets Debtor5 Cash at bank •nd in hand 12 5.781 115.139 11,484 52,130 120,921 14.5771 63,614 113.9591 Cr•dltors: amounts falllnK due wlthln one year 13 N•t ¢yrr•nt •5S•t5 116,344 49.65S Net assets ¢xdudlni penslon Il•blllty 116,344 49,655 The funds of the charlty Restricted Income funds Unfe5trlcted funds 14 77,739 38,605 35,598 14,057 116.344 49,655 The flnancl•l ststemtnts wern approved by the Trustee5 on ¢r¥•( Mr G Sammons TNrf••
LEVENSHULME INSPIRE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 A¢countln8 pollcles Charity Informatlpm Levenshulrne Inspire FoundatSon 55 a charlty that supports capacity-bui1din8 and empowerment actlvltits tor tor8e¢ed groups In Leven5hulmE and South Manchester. 1.1 A¢¢oumtlng eonvèntbon The financial 5tatement5 h4ve been prepired in accordance wlth the charlty's 8evernln8 document, the Charities Act 2011, FRS 102 "The Flnanclal Reporting St3ndard applicoble In the UK and Republic tsf Irtland. I"FRS 102.1 and the Charities SORP "A¢¢ountln8 and Reporting by Charitle5.' Statement of Recommended Practice applicable to charitles preparln8 thelr accounts in accordance wlth the Financlal Reportlng 5tand8rd appllcèble in the VK and Republic ef Ireland IFAS 1021 (effective l January 20191. The charlty is a Publlc Beneflr Entlty as defined by FRS 102. The ehorlty has taken advantage of the provlslons in the SORP for charltles notto prepare a Ststement of Ca$h Fl¢w$. The financial 5tatemnts have departed from the Charities (Acceunts and Reports? Regulaton5 2008 only to the exten¢ requlred to provide a true and falr vlew. Thls departure has Involved followlng the Statement of Recommended Practic? for charitles applying FRS 102 rather than the versi¢n of the Statement ot Rettmmtnded Pr•rtl¢e whl¢h Is referred to Sn the Regulations but which ha5 since been withdrawn. The flnanclal Statements are prepared in 5terlSn8, whlch is lh¢ lurt¢llon•l Cyrn¢¥ of th¢ ¢h•rSty. Monetary amounts In these flnan¢lal statements are rounded to the nearest £. The flnanelal statements have been prepared under the hI5torl¢al cost conventlon, The prlnclpal ac¢ountlrti pollcles adopted are Set out below. 1.2 GolThi ¢ont•rn At the tlrne ol appr0vin8 the flnènclal statements, the Trustees have a reasonable expectatlon thèt the charlty h•$ adequate resources to contlnue in operatlonal existence for the foreseeable fuiure. Thus the Trusiets ntInue to adopt the 80in8 con¢ern basls of accountlng In preparlng the flnancial statements. 1.3 CT•bI lund$ Unrestrlcted funds are avallable for use at the dls¢retl¢n of the Trusiee$ lurtheran¢e ef thelr ¢harltoble oblectlves. Restrlrted fund5 are 5ubltct to spe¢lfl¢ eondltions by donors or grantors as to how they may be used. The purp05e5 and uses of the restritted funds are Set out In the notes to the finoncial statements. 1.4 lThcom• Income 15 reco8n15ed when the charlty is legally entltled to It after any performance conditlons have been met, the èmounts can be measured reliably and It 15 probable thot incorne wlll be recei¥ed. Cash donatlon5 are fecognlsed on retelpt. Other donatlons are reco8nlsed once the charlty ha5 been notified of the donatlon, unless perforrnance condltlon5 require deferral of the amuunt. IncDrne tax recgverable in relation to donatlons rectlved underGIft Aid or deeds OF covenant Is reco8nised at the time of the donatlon.
LEVENSHULME INSPIRE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 Acwuntlnl pollcles Icontlnuedl 1.5 Expendlture Éxpet)diture Is recognlsed orsce therels a legal or constfuctlve obllgatlon to transfer economlE benefft tc a third porty, It Is probable that a trènsfer of economlc beneflts wlll be requlred in settlement, and the amount of the obligatlon can be measured reliablv. Expenditure15 cla551fied by a¢tlvlty. The costs of each acti¥5ty are rnade up of the rotal of dlrect costs and shared costs. Includln8 Support Costs Involved In undertakin8 each attivSty. DSrect costs attrlbvtable to a 5in8le bctivlty are allocated dlreetly to that actlvity. Shared tost5 whlch contribute to mure than cine activity and support cost5 which are not attributable to a sin8le actlvlty are apportloned between those activitles on a bas55 censlstent wlth the use of resources. Central stsff costs are allocated on the basls of tlrne spent, and depreciation char8e5 are allecated on the portlon of the 55et's use. 1.6 Cosh ind cash equlvaltnts Cash and cash equivalent5 include cash In hand, dePlt5 held at call wlth banks, other short-term Ilquld Investments wlth ori8lnal maturltles of three months or less, and bank overdrafts. Bank trverdrHfts 4re Shown wlthin borrowln85 In 1.7 FlTranclal Instruments The charity ha5 elected to •pply the provlslon$ of Se¢tlon 11 '8aslc Flnanclal Instruments, and 5ectlon 12 '0ther Flnancial Instrument5155ue5' of FRS 102 to all of It5 flnancial Instrumenrs. Flnanclal Instrurnents are rnco8nlsed In thi ch•rlty's balonce sheet when the charlty becornes party to the contrèctual provlslons of the Instrument. Flnanclal assets and liabllltle5 are offset, wlth the net amounts presented In the flnanclal statements, when there Is • legally enferceable rl8ht to set off the reco8nlsed amounts and there Is an intentltsn to $ettle on a net ba515 or to realls• the 055et and settle the Ilablllty slrnultaneou51y. Ouskflnanclol oss Baslc flnanclal assets, whlch Include debter5 and cash and bank balances. ère Inltlally mea$urÈd •t trans•rtlon prlee Includlns transactl¢n costs and are subsequently carrled at amort15ed Eost U51ng the efFectlve interest rnethod unle55 the arranlement con5tltu¢e$ a Ilnanrlng trènsatllon. where the tran5aCtlon 15 me35ured at the present value of the future recelpts dlscounted at a market rate of Interest. Flnanclal assets clèsslfled as rerelvable wlthirt one year are noi 3mort15ed. Boskllnondol Ilabllltles Basic flnèncial Ilabllltles, IncludSn8 credltors and bank loans are Inltlèlty retO8nised t tr•n$artlon pr4ct unles$ th arrangement constitute5 a flnancin8 transartion, where the debt instrument 15 measured at the present value of the future payments dlscounted at a market rate of interest. Fln3nclal IlabSlltles classified as payable wlthln one year are not amortised. Debt Instruments are subsequent5y carrled at èmortlsed cost, usln8 the effertlve Interest r•te rneth4d. Trnde credbtor5 are obllgotion5 to pay for Koods or 5ervice5 that have been acqulred In the ordlnary course of operatlons from suppliers. Amounts payable are classlfled as current liabilities if payment is due wlthin one year or le55. If not, they are PSented as non-current liabilities. TradÈ crÈditor5 are recognsed initially at transactlon price and subsequently measured at amortlsed cost usin8 the effective interest method. Der¢oqnltlpn gAJlnqn¢l¢i111¢7)11tt1¢s Financial liabilitSe5 are derecognised when the charit*s contractual oblS8atSons expire orare dischar8ed or cancelled. 10-
LEVENSHULME INSPIRE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 Accountln6 pollcle5 Icontlnuedl 1.8 Employee bentffts The cost of any unused holiday entitlernertt is recognlsed In the perlod In whlch the employee'5 servlces are received. Termination benefit5 4re reco8nlsed Immediately as an e¥pense when the charity 15 demonstrably eommitted te termlnate the employment of an employee or to provlde termlnatlon beneflts. 1.9 Prfor prlod dlu#ments Prlor period adjustments have been reco8nlsed due to the charity chan8ln8 from cash accounting to accruals accountln8 In the current year. therefore makingthe prlor perlod ¢¢mp•rable. Chany In I0¢18 polkv In the current year, the fdlowins new and revised Standèrds and Inteipfetatlons have been adopted by the charity ind h•ve an effect gn the current perlod er a prlor perfad vr mty¥ have an effect on future perlods.. The charlty has £hèn8ed thelr accountin8 poli¢y to now prepare it's fSnan£lal statements on an accruals bèsls, Prevlou5 the flnanclal statement5 were p*pared on an income and expendlture ba51S. The comparatlves have been restated accordln8ly and the flnanclal statement5 are now prepared In o¢cordance wlth FRS 102 'The Flnanclal Aeportlna stsndard appllcable In the UK ènd Republlc of Ireland" I"FRS 102.1 and the Charlties SORP"A¢¢ountin8 and Reportln8 by Charltles. crttlul •¢¢oUntlni•Mlrnat•s and lud4•m•ntS In the applicatlon of the charlty'5 #ccoun¢in8 policles, the Trustees are requlred to make Sudgernents, estlmètes #nd •ssurnptions about the carryln8 amount of a55ets and liabllltie5 that #re not readlly apparÈnt from other source5. The estlmates and assoclated 055umptlons are based on hlstorlcal experlence and other factor5 that are consldered to be relevant. Actual results may dSffer frorn these estlrnite5. The estlmales and underlyin8 aSsumptlons are revlewed on an oniolns basls. Revlslons to accountlnu estlmate$ are reco8nised in the perlod In whlch tfve e5tima¢È is revised where the revision afferts only that perlod, or In the period ol the revision and futurt periods where the re¥151on affects both current and future periods. Income from donatlons •nd l•ycl•s Unre51rt¢t¢d lunds 2024 Restrltted fvnds 2024 Total Unrestrlcted nds 2023 Aestrf(t•d lyfids 1023 T•1 2024 2023 Dgnatlons and glfts Grant Income 1,061 104,168 1.151 136,042 2,213 240,210 823 17,520 663 110,704 1,486 128,224 105.229 137,194 24l,423 18.343 111,367 129,710
LEVENSHULME INSPIRE FOUNDATION NOTES TO THE FINANCIALSTATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 Other Inwme Unrestrlcted funds 1024 Restilcted funds 2024 Total Unrestilcted funds 2013 Remrlcted funds 2023 Totsl 2024 2023 Other incorne 4,763 14 4,777 13,354 629 13,983 Exptndltur¢ on rnlslhg Unrestrlrt•d lund¥ 2024 R•sivl¢t•d ftsnds 2024 Total Unrestrlct•d luTrds 2023 R•5trktqd lunds 2023 Toiil 2024 2023 Fundralsln8and publlelty Advertisin8 Other fundraislnl c05t5 158 5.040 174 332 5,040 143 1,901 2.044 S.198 174 S,372 143 1,901 2,044 Tr•dln8 tOSts 25,670 25,670 24,887 24,887 Totsl costs 30,868 174 31,042 143 26,788 26,931 12-
LEVENSHULME INSPIRE FOUNDATION NOTESTO THE FINANCIAL STATEMENTS {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 Exp¢rtdlture on tharftable att111¢$ 2024 2023 Dlrert tosts staff co$ts 48,715 2,060 38,479 13,624 89 48,711 1,094 20.521 9.476 1.239 Project costs Caterin8 and room hlrt Travel D¢natlons Other expenses Manasement fees 200 8,943 15,345 393 19,992 k 11 Mana8ement and financlal 5UPPOrt ITsoftware and consumable$ Telephone and internet Volunteer cost5 Con5uliin8 Actountancv Membership and subscrlptlon$ 788 77 24 945 3,805 300 96 609 1,200 2,898 440 3,540 46S 13,426 2,749 CleHnlnB 149,469 ILI,574 Analysls byfuThd Unre$trlcted funds Restrlcted funds 54,576 94,B93 42.275 69.299 149.469 111,574 Net mov•meTht In funds 2024 2023 The n•t movement In lund$15 Ststtd after charyinÈllcr*dltln81'. Fees payable to the chèrity's independent examlner.. for the Independent examlnatSon of the £harlty's flnanclal statements 2,IlXI 1,440 Trustees N¢ne of the Trustees lor any pÈrsons tonnected with them) Terewed any remuneratlon or benefits from the charity during the year. 13
LEVENSHULME INSPIRE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 10 Employee5 The average monthly number of employees durtng the year was.. 2024 Z023 Number Number Employm•rtt osts 2024 2021 Wages and salarle5 48,715 48.711 There were no employees whose annual remuneratlon was more than £60.OCV. li Tawion The charlty15 exempt from ta¥atlon on It5 Ictivitits becouse all its Income15 applied for chèrttsble purposes. 12 Debtors 2024 2023 Amountsl•llln8 due wlthlh one ye•r: Trade debtors Other debtors 4,991 791 11,484 5,782 11,484 IY Cr•dltors'. amounts lalllnB du• wlthln one yt•r 2024 2023 Other tsxètlon and soclal securlty Trade credltor5 Other creditOTS Accrua15 and deferred incorne 1,322 9,105 2,014 1,518 2.477 2,ILK) 4.577 13,959 14-
LEVENSHULME INSPIRE FOUNDATION NOTESTO THE FINANCIAL STATEMENTS {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 14 Restrlcted lurbds The restricted fund5 of the tharlty comprlse the unexpended balances of donatlons and 8r•nts held Dn trust subject to specific conditions by donors as to how they may be used. At l Aprfl 2023 In¢omln8 resource5 Res0115 expended Transf•r5Galn5 and1055•5 At 31 m3h 2014 Arts Coun¢ll Choir Awards for all Lottery Choir Co-operltbve Local Communlty Fund Famlly Healthy Cooklng Great places support fund Groundworks Inspired early vears Hubbub Foundation. food support M13 Youth Prolert MCC OMFG One Mat)chester 18,473 11,8301 16.643 1,077 29 11,2001 IB,6191 8,590 1,239 1,239 8,549 16,0561 2,493 13,201 13,5941 9,607 500 500 8,01 13,5001 4,5 5,0 17,349 Is,eooi 12,5971 14,752 968 SEND Small restrf¢¢ed fund5 Sport5 En8land Stop Hate Campai8n The Big Life soclal prescrlblng The Charlty Service The Natlonal Lottery Communlty Fund The Shears Foundation URC CYF Inclusion 990 19901 5.921 5,288 10,8 13,3621 15,8751 7,847 4,925 SW 15001 3,014 13,0141 1,835 11,8351 28,694 128,6941 5,5 20,468 14,1721 114,2291 1,328 13,060 6.821 35.598 137,Z08 195,0671 77,739 15-
LEVENSHULME INSPIRE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 A•strlctsd fvnds Icontlnuedl Prevlous year.. At l Aprll 20Z2 Incomln8 r•sourc•s Resourees expended Transftr$6*ln¥ Ind loss•s At 31 March 2023 Volunteer project Lottery Award5 One Manchester ESF Community fund 2 Open funds for Partners G0t places HAF 512 8,774 17,6971 14,6201 1,077 4,620 13,0241 14,503 111,4791 23,660 15.448 123,6601 17,2471 13,201 865 18651 URC CYF Incluslon Communltv Frldge Famlly Healthy Cookln8 Cholr 2013 Small restritted funds 23,663 116,8421 6,821 13,OLbJl 9.100 1.500 8,549 29 11,4711 12.487 12,348 119,0081 5,921 20,460 111,996 196,0871 35,598 16-
LEVENSHULME INSPIRE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 14 RtrIcted fund5 Icontlnuedl AThaly515 ol Re5trlEted lunds. Eurrentyelr: Arts Councll Prolert.. A two year proiect to support the contlnuatlon of our cholr projert5 which target local pèrents wllh bable5. The Local V¢cals, ond the elderly, retired, disabled or with learnln8 dlfFiculties. Inspire the Cholr. The choir boosts mental health. Supports peer interaction and help5 creat2 a sense of belon8ing and wellbein8. Aw¥rds foF all Lottery.. Fundin8 whlch covers short courses to provlde knowledge on how to mend and make do a5 well as Self core. It a150 Connects people in the lo¢•1 eommunlly10 help improve mental well belng. Chalr.. Thi5 project conslsts of fundinK from The 618 Llfe Group, The Charlty Setyl¢e, We Love Manchester and P•tef Kersh•w to pay for cholr assoclated costs. The choir has helped to develop a sense of belonEinÉ. Co.opqrntlv• Local CofflmuThlty Fund: Thls is used to support the Inspire Cafe communlty actlvltie5. F4mlly Healthy Cooklni.. A ser[ of Cookery ¢l•sses to educate ihose potentlally at rlsk from dlabetes on how to cook heath51y and e¢oNoml¢ally. Great Plaees Support Fund.. Support5 the management of our volunteer pro8ramme whlch helps dlffer¢nt •spe¢ts of the ¢¢mmunlty centre afid f•, Groyndworks1TrspIT•d E*rly Y••rs: Provldes fun, safe bèby and toddler 5ession5 to $upport par•nts and connect them wlth the communlty. Hubbub Foundatlon Food Support.. These 8rants provide the weekly Cornmunlty Frldse and communlty famlly meals that the Cafe PrIdes. M13 Youth Prolect: Supports youth sesslons at InspSre. MCCOMFG: The coun¢il hève provlded funds to help wSth the replacement of equlpment and other costs to support communSty food prolects, One MaThchorter'. Thls 8rant was glven for our World comrnunlty day In May 2024 to lebrate food tO8ether and provlde family lun at SENO.. Music workshop5 providing musical 5e$5ions for f#milie5 Wlth SENO children to Increase well beinE and connectlon with the cemmunlty. Srrlall re5trfrted fvnd5: Te help make envlr¢nmental Improvements and to cover Increased utility bllls. The funds are from Lottery. B&Q and Asda Foundation. Sports Eniland.. This grant tovers yo83 and pllates sesslons at a nurnber of centres to encourage partlcipation In sport. 17
LEVENSHULME INSPIRE FOUNDATION NOTES TO THE FINANCIALSTATEMENTS (CONTINUED) FOR THE YEAA ENDED 31 MARCH 2024 14 RÈrtrId funds Icondnuedl Slop Hate Campalgn: 15 aimed to bring awareness of hate crime to the Levenshulme Commurilty throu8h talks and dlscu5$1ons, The Bli Llfe Soclal Prescrlblni.. Thls 8rant supported short courses to develop healthy £ookln8 and tatini f?r the comrnunity. The Charlty 5ervlce: Supports the tholr projt¢t and provldes $upport to the Cale en#blin811 to offer customers a daily subsldised affordable meal over the winter The Natlonal Lottery Communlty Fund: Provldes SUPPOrt to help meet the addltlonal costs èrlslng from the ¢ost of Ilvlng crlsis and Its impact on providin8 ¢omrnunlty centre artivitle5. The Shears Foundatlon.. Provides 5ub$idi5ed food 5t551on5 at th• weekly faMlY f¢od meal5. Th LIAC CYF IncluskTrn'. Project which Is managed on behalf of the Unlted Reformed Church 10 provide a tsmlly •nd ¢hlldren's warker in th community. 15 Unr•strlct•d fvnds The unrestrlrted fund5 of the charlty comprlse the unexpendqd balances of donatlons and grant5 whleh are t)ot subject to speclflc tondStlon$ by donors and grantors as to how they May be used. Al 14irll 2023 In¢omlni r•sourc•s R950urf•5 •xpend•d Tr•nsfqrs At 31 Mah 2024 General funds 14,057 109,992 185,4441 38,605 Provlous y•aT'. At l Aprll 2022 lThcomlni r•$ourus Resourtos oxpended Tr•nsf•rs At 31 M*r¢h 2023 General fu#d$ 24.W7 31.697 142,4181 771 14,057 16 Arwty515 of n•t assets betw•en fvnds Unrestfl¢ted fvnds 2024 Re5trltted funds 2024 Totsl 2024 At YI March 2024: 38.605 77,739 116,344 38.605 77,739 116,344 18-
LEVENSHULME INSPIRE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 16 Anaty515 of net assets between funds Icontlnuedl LlnM5¢rlrted lund5 Asirlcted funds 2023 Totsl 2023 2023 At 31 March 2025.. 14,057 35,598 49,655 14.057 35.598 49,655 17 Related party tr•ns•rtlons The charlty work5 alongild a Company, Leven5hulme Insplre Cornmunlty enterpr15e CIC Ictsmpany re8l$tratSon number 06527951. Edward Cox is a trustee of the charity and a dlrecior of the company. The trustee5 ensure that iny ¢onflid of Interest 15 dealt wlth by tonsultation beten the CIC dire¢tors •rtd the FouNdatlon's tfUStees and funders as pproprlate. At the year end, the chartty owed Levenshulme Insplre CIC an amount ol £nll12023.. £1,196>, 19
LEVENSHULME INSPIRE FOUNDATION NOTESTO THE FINANCIALSTATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 Prlor pÈrlod adlu#ment Chan$ to the balance sheet At 31 March 2023 prevlou51v Adjustment Mported A5 r•st4ted Curr•nt 1$5•ts Debtor5 due wlthin otte yÈar Credltors due wlthln one year Tèxaticn Other credllors 11,484 11.484 111,6371 112.6371 Net assets 52,130 12,4751 49,655 Capltal fund5 Income lund5 Resirl¢ied funds unresttted funds 28.820 23.310 6,778 19,2S31 35,598 14,057 Total •qulty 52.130 12,4751 49,65S Ch8n8os to the profft •nd1055 Iccount P•rlod •nd•d 31 M•rrh 2023 As pr•¥lously Adlu5tm•nt reported Don•tlon$ and leg•¢le$ Other In¢ome 120.610 15.497 9,100 129,710 13,983 CharStable activitles 101,513 10,061 111,574 Net movement In funds 7.663 12.4751 5,188