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← Inspire South Tyneside

2025-03-31-accounts

INSPIRE SOUTH TYNESIDE

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

Charity Number: 1167813

DEBÉRE LIMITED

Chartered Accountants Swallow House Parsons Road Washington Tyne and Wear NE37 1EZ

INSPIRE SOUTH TYNESIDE

FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

CONTENTS PAGES
Officers and professional advisers 1
Trustees’ annual report 2 to 9
Independent Examiners Report 10
Statement of financial activities 11
Balance sheet 12
Notes to the financial statements 13 – 26

INSPIRE SOUTH TYNESIDE

MEMBERS OF THE BOARD AND PROFESSIONAL ADVISERS

YEAR ENDED 31 MARCH 2025

Reference and Administrative Information

Trustees

Board of Inspire South Tyneside from April 2024: Rebecca Maw (Chair)
Bill Scott – resigned March 2025
Tina Roche
Jenna Ingoe – resigned August 2024
John Moiser
Registered Office John Hunt House
27 Beach Road
South Shields
Tyne and Wear
NE33 2QA
Key Management Personnel Charlotte Harrison - CEO
Independent Examiner Debére Limited
Chartered Accountants
Swallow House
Parsons Road
Washington
Tyne & Wear
NE37 1EZ
Bankers Barclays Bank plc
49-51 Northumberland Street
Newcastle upon Tyne
Tyne & Wear
NE1 7AF
Solicitors PGS Law
Coronation Chambers
10 Coronation Street
South Shields
Tyne and Wear
NE33 1AZ

INSPIRE SOUTH TYNESIDE

REPORT OF THE TRUSTEES

YEAR ENDED 31 MARCH 2025

The trustees, who are the directors of the organisation for the purpose of Company Law, present their annual Trustees’ report together with the charity’s financial statements for the year ended 31 March 2025.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity’s governing document, the Companies Act 2006 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019)”.

Introduction

The following information about the financial period 2024/25 is presented in the format required by the Charity Commission.

Inspire South Tyneside’s vision

We will support the development of a strong, vibrant, and thriving sector and community in South Tyneside.

Through our support, we aim to make South Tyneside a better place for all.

Inspire South Tyneside’s purpose is to provide a range of information, advice, training and support for local voluntary organisations and community groups.

Structure, Governance and Management

Constitution

The charity is an infrastructure organisation, which is a public benefit entity established to promote charitable purposes for the benefit of the community in the Local Government District of South Tyneside and surrounding area and in particular:

Governing document

The charity is governed by its constitution established in January 2016, amended on 26 April 2017, and adopted in April 2019.

Method of appointment or election of the trustees

The method of appointment and election of the trustees is fully detailed in the Inspire South Tyneside’s Constitution.

INSPIRE SOUTH TYNESIDE

REPORT OF THE TRUSTEES (continued)

YEAR ENDED 31 MARCH 2025

Policies adopted for the induction and training of trustees

Training and induction are available for all new trustees. During the induction process, they are informed as to their duties and responsibilities. Any request from a trustee for training is considered by the Board of Inspire South Tyneside.

Organisational structure and decision making

The members of the Board of Inspire South Tyneside are the trustees of the charity and have overall responsibility as employers of the staff, ensuring financial stability, health and safety, organisational policy and strategic direction.

Trustees

Rebecca Maw (Chair) Bill Scott - resigned March 2025 Tina Roche Jenna Ingoe - resigned August 2024 John Moiser

Key personnel

Operational responsibility for the management of the organisation is delegated to the Chief Executive. The staffing structure consists of:

Chief Executive Officer Development Officer (Funding and Governance) Community Connector (Health, Plinth) Senior Community Connector (Was previously Community Connector) Administrator

Pay policy for staff

The Board of Inspire South Tyneside are responsible for setting remuneration for the organisation’s staff. This year the Board undertook a review of terms and conditions including salary. This was in response to recognised and ongoing challenges in recruitment and included benchmarking exercise with both local South Tyneside voluntary sector organisations and the other local infrastructure bodies in the region.

Objectives and activities/ Policies and Objectives

The primary objective of the charity is to provide a range of information, advice, training and support for local voluntary organisations and community groups.

During 2024/25 the charity continued to implement its new strategy under the following four key areas:

INSPIRE SOUTH TYNESIDE

REPORT OF THE TRUSTEES (continued)

YEAR ENDED 31 MARCH 2025

What is Inspire South Tyneside

An infrastructure organisation that supports, facilitates, gives guidance, and represents the Voluntary and Community Sector in South Tyneside.

Our vision for South Tyneside

Our vision for Inspire is to offer support, advice, acting as a strategic reference point for the sector and the borough, as well as representing the views of the sector at strategic bodies and groups. Inspire South Tyneside will facilitate the development of a vibrant, strong, and sustainable local third sector that will work in collaboration with partners to ensure the best outcomes for residents of the borough.

How we will do this:

Our principles and values

We believe that our people are our greatest asset. We will support and encourage them to fulfil their potential and be the best they can be. We acknowledge each other’s skills, abilities, knowledge and experience and celebrate each other’s achievements. We believe that rights are accompanied by responsibilities and everyone is responsible for the consequences of their own actions. We aim to inspire by example. We share best practice and learn from each other. We conduct ourselves with honesty and integrity and maintain the highest professional standards in our dealings with others.

We have set our strategic and operational direction in line with our values and principles. We will:

Our Annual Report details progress we have made this year against our objectives.

YEAR ENDED 31 MARCH 2025

INSPIRE SOUTH TYNESIDE

REPORT OF THE TRUSTEES (continued)

Volunteers

Thanks to generous Know Your Neighbourhood funding from both the Community Foundation and TNLCF, we were able to enhance and deepen our volunteering offer in the borough. Through Inspire South Tyneside (our community engagement platform Plinth) we are now able to promote volunteering and also track and interpret data around volunteering in a more cohesive way.

During this year, we have identified the need for additional support frameworks/guidance to encourage and support volunteers from a wide range of backgrounds. The creation of thee bespoke pathways into volunteering, supported by comprehensive ‘how to guides’ co-produced with the sector will, we hope, provide better structured support to reach out to groups of our community who may have found volunteering harder to access.

Specifically, this year we have develop a strategic and operational partnership with local social prescribing organisations as we recognised that a significant level of volunteer referrals were reaching us via this route. We also reflected that often the individuals referred through this pathway often needed additional support from Inspire prior to being ready to explore live opportunities. The guide to volunteering produced will assist social prescribing link workers in setting the scene for their clients before making the referral.

Two other groups of our community that we have worked to improve access to volunteering include young people and also people who may have experience of the criminal justice system. In both cases we drew upon the expertise of our volunteer support network to understand potential barriers in supporting both cohorts. This insight was then utilised to identify training and development opportunities for volunteer coordinators particularly around supporting those people with lived experience of the criminal justice system.

Supporting and Developing the Sector

Our three key networks are the bedrock of how we support and develop the sector in South Tyneside, these are – HealthNet; Volunteer Support Network and FundingNet.

In addition to these networks our ongoing development and promotion of Plinth continues to provide opportunities to promote and support the sector.

Plinth

Since introducing Plinth to South Tyneside we have seen a sustained increase in use both by the voluntary sector, wider South Tyneside system partners and our residents. Plinth has various functionalities including hosting volunteering opportunities, promoting events and activities, supporting organisations with their data capture and insight and utilising this in effective reporting to funders and stakeholders.

During 2024/25 Plinth had over 7000 South Tyneside addresses registered and over 33,000 bookings of events/activities through Plinth and almost a hundred organisations actively using it.

Our system partners have now built Plinth into their daily practice – for example the Lets Talk Team (front door to Adult Social Care) routinely use Plinth to connect residents to sources of support and early intervention, colleagues in DWP regularly share information on volunteering opportunities to their clients. There is further to go in getting Plinth into other community focused areas including schools but 2024/25 does feel like a break through year.

INSPIRE SOUTH TYNESIDE

REPORT OF THE TRUSTEES (continued)

YEAR ENDED 31 MARCH 2025

HealthNet

HealthNet is a commissioned service Inspire delivers for South Tyneside Council. It is a physical and electronic network focused on health related topics with the underlying principle of delivering better information and outcomes for South Tyneside residents. It meets in person on a monthly basis and provides space for information sharing, connecting and networking. Over the course of the year almost 250 attendees will come to HealthNet. It is always inspiring to see how voluntary and statutory sectors come together at HealthNet to ensure residents can input into health related activity, to ensure that health related services work in and for communities and lived experience is valued. This year we have seen 60% of presentations at HealthNet coming from the voluntary sector and 40% from statutory partners. Metrics relating to the electronic side of the Network have shown an increase in engagement following a change to operational practice in network delivery.

FundingNet

Our funding and governance support network has had another successful year. The annual funding fair generated huge demand from the voluntary sector and we thank funders for their ongoing support to the borough. We were particularly pleased to note an increase in smaller organisations both attending and securing funding at this years funding fair and this is an area we’d like to explore more in the future with bespoke funding support opportunities for these organisations.

Our support offer to organisations around governance remained strong and actively accessed and we were pleased to be able to provide practical support to ensure a new Pride in Hebburn event took place. The voluntary sector in South Tyneside bring in much needed and valued additional funding to the borough (in region of £4million) and we are proud to play our role in supporting organisations to be successful in securing this funding.

Representing and Influencing

Although a small organisation, Inspire recognises the importance of our role in representing and influencing on behalf of the voluntary sector and ensuring that voluntary sector voices are amplified in system discussions.

South Tyneside as a system subscribes to the principles of ‘alliancing’ – whereby we recognise that ‘wicked issues’ are too large for any one organisation to solve, that we need to come together and share leadership, that we should focus on what is right for the people of South Tyneside and what is right for our system – not individual organisations. There are a variety of alliances that underpin cross system working in South Tyneside and Inspire supports and promotes voluntary sector representation on these bodies. An ongoing challenge we acknowledge is the ‘scaffolding’ that needs to be put in place to ensure smaller organisations feel supported to participate in this system working.

Inspire participates in various key boards in the borough including the Health and Wellbeing Board, the South Tyneside place committee for ICB, Adult Safeguarding Board, South Tyneside Partnership, and place based initiatives such as the Jarrow Forward (Pride in Place) and Sport England work to reduce barriers to inequality. In all these settings and beyond, Inspire seeks to ensure the contribution of the voluntary sector is recognised and opportunities for the voluntary sector considered and acted upon.

Inspire also works with other local infrastructure organisations in both operational and strategic means to promote the role of infrastructure and the contribution of the wider voluntary sector. Inspire fully participates in the VONNE hosted networks (LIO leaderships, NECA VCSE board, Health Partnerships)

INSPIRE SOUTH TYNESIDE

REPORT OF THE TRUSTEES (continued)

YEAR ENDED 31 MARCH 2025

Achievements and performance of Grant Support

Each funder has set targets for the service they fund, and these are specified in the contract or Service Level Agreement. Monitoring is carried out and the trustees receive regular reports on how each service is performing against the KPI’s or Service Specifications.

Review of Activities

All activities undertaken during the year are in line with the organisation’s charitable objects and are detailed more fully in the main body of the Annual Report.

Inspire South Tyneside has continued to fulfil its core services of advice, information and support in a variety of ways.

Going concern

The trustees of Inspire South Tyneside continue to work with local partners and main stakeholders to maintain the organisations development.

The organisations financial principles and strategies have enabled it to become more resilient, as well as reestablishing its cash reserves.

Financial Review

The Principal funding source for the year was as follows:

Funding received from South Tyneside Council allowed Inspire South Tyneside to provide advice, information and practical assistance to the voluntary and community groups, and a Volunteer Centre service in South Tyneside.

Reserves Policy

At 31 March 2025 Inspire South Tyneside holds unrestricted funds of £203,061 (2024: £116,463); (£15,806 (2024: £15,806) of which are designated funds) and restricted funds of £362,388 (2024: £408,566). The charity has free reserves of £187,255 (2024: £100,657).

Financial risk management objectives and policies

Major risks to which the charity is exposed, as identified by the Board of Inspire South Tyneside, have been reviewed and systems, policies and processes have been established to mitigate or reduce these risks.

REPORT OF THE TRUSTEES (continued) YEAR ENDED 31 MARCH 2025

INSPIRE SOUTH TYNESIDE

Future Plans 2025/2026

Data continues to be a vital but challenging agenda to tackle. We recognise that data and insight are key drivers for interventions in the borough, however, we also recognise that the data and insight held by the voluntary sector could be vital in shaping effective and early intervention and yet is often overlooked. Silo collation of data in individual organisations or individual reporting mechanisms means the quantum of insight the voluntary sector holds is not being maximised. Plinth can support the sector with this challenge but there is further to go. This year saw the launch of the South Tyneside data observatory and Inspire has worked with the council to both promote and support the voluntary sector to utilise this valuable resource.

Collaboration within the sector is likely to increase as we work together to tackle rising challenges as often cited in sector research such as the Nottingham Trent Barometer survey or Third Sector Trends. Inspire’s neutral convening role will be increasingly important in fostering collaboration at scale and across a wide and varied group of organisations.

Trustees’ responsibilities in relation to the Financial Statements

The trustees are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales 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 charity and of the income resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. They are responsible for safeguarding the assets of the charity and, hence, taking reasonable steps for the prevention and detection of fraud and other irregularities.

INSPIRE SOUTH TYNESIDE

REPORT OF THE TRUSTEES (continued)

YEAR ENDED 31 MARCH 2025

Independent Examiner

A Resolution to appoint Claire Miller at Debére Limited as Independent Examiner for the ensuing year will be proposed at the Annual General Meeting.

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

Approved by the trustees on 30 January 2026 and signed on its behalf by

Rebecca Maw Chair

INSPIRE SOUTH TYNESIDE

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF INSPIRE SOUTH TYNESIDE

YEAR ENDED 31 MARCH 2025

I report on the accounts of the Charitable Incorporated Organisation for the year ended 31 March 2025, which are set out on pages 11 to 26.

Respective Responsibilities of Trustees and Examiner

The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (‘the 2011 Act’), and that an independent examiners report is needed.

It is my responsibility to:

Basis of Independent Examiners Report

An independent examination does not involve gathering all the evidence that would be required in an audit and consequently does not cover all the matters that an auditor considers in giving their opinion on the accounts. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide. Consequently, I express no opinion as to whether the accounts present a ‘true and fair view’ and my report is limited to those specific matters set out in the independent examiner’s statement.

Independent Examiner’s Statement

In connection with my examination, no matter has come to my attention:

have not been met; or

Claire Miller BA (Hons) FCA Independent Examiner

ON BEHALF OF DEBÉRE LIMITED Chartered Accountants

Swallow House Parsons Road Washington Tyne and Wear NE37 1EZ

Date: 30 January 2026

INSPIRE SOUTH TYNESIDE

STATEMENT OF FINANCIAL ACTIVITIES

YEAR ENDED 31 MARCH 2025

Note
Unrestricted
Funds
£
Restricted
Funds
£
Income from:
Other trading activities
4
8,434
–
Charitable activities
5
150,923
65,796
Total income
159,357
65,796
Expenditure:
Charitable activities
(72,759)
(111,974)

Total expenditure
6
(72,759)
(111,974)




Net incoming / (outgoing)
resources before transfers
9
86,598
(46,178)
Transfers
Gross transfers between funds
–
–
Net movement in funds
86,598
(46,178)
Total funds brought forward
116,463
408,566
Total funds carried forward
203,061
362,388

 Total
Funds
2025
£
8,434
216,719
225,153

(184,733)
(184,733)

40,420

–
40,420
525,029
565,449
 Total
Funds
2024
£
3,102
258,444
261,546
(190,814)

(190,814)
70,732
–
70,732
454,297
525,029

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derives from continuing activities.

The notes on pages 13 to 26 form part of these financial statements

INSPIRE SOUTH TYNESIDE

Charity Number: 1167813

BALANCE SHEET

31 MARCH 2025

Notes
Fixed assets
Tangible assets
10
Current assets
Debtors
11
Cash at bank
Creditors:amounts falling due within one
year
12
Net current assets
Net assets
Net assets
Funds
Restricted funds
13
Unrestricted funds:
14
Designated funds
General funds
Total charity funds
15		 2025
£
933
583,122
584,055
(242,288)
£
223,682
341,767
565,449
362,388
15,806
187,255
565,449
 2024
£
£
228,068
973
542,153
543,126
(246,165)
296,961
525,029
408,566
15,806
100,657
525,029

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)).

For the year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors/trustees responsibilities:

These financial statements were approved by the Board of Trustees on 30 January 2026 and signed on their behalf by:

Rebecca Maw Chair

The notes on pages 13 to 26 form part of these financial statements

INSPIRE SOUTH TYNESIDE

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

1 ACCOUNTING POLICIES

Basis of preparation of financial statements

The financial statements have been prepared in accordance with the charity’s governing document, the Companies Act 2006 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)”. The charity is a Public Benefit Entity as defined by FRS 102.

The address of the charity’s registered office and principal place of business is John Hunt House, 27 Beach Road, South Shields, Tyne and Wear, NE33 2QA.

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

Fund accounting

Restricted funds are to be used for specified purposes as laid down by the donor. Expenditure which meets these criteria is identified to the fund, together with a fair allocation of overheads and support costs.

Unrestricted funds are donations and other incoming resources received or generated for the charitable purposes.

Income

Income is recognised in the period in which the charity is entitled to receipt and the amount can be measured with reasonable certainty. Income is deferred only when the charity has to fulfil conditions before becoming entitled to it or where the donor has specified that the income is to be expended in a future period.

Voluntary income received by way of donations and gifts to the charity is included in full in the Statement of Financial Activities when received. Intangible income is not included unless it represents goods or services which would have otherwise been purchased. Gifts in kind are valued and brought in as income and the appropriate expenditure. There were no gifts in kind in the year ended 31 March 2025.

Investment income

Interest is included when receivable by the charity.

INSPIRE SOUTH TYNESIDE

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

1 ACCOUNTING POLICIES (continued)

Expenditure

All expenditure is accounted for on an accruals basis inclusive of Value Added Tax.

Charitable activities include all costs relating to activities where the primary aim is part of the objects of the charity along with the indirect costs. The indirect costs have been apportioned on a reasonable basis which is consistent with previous years.

Governance costs include salary (approximately 10% of Chief Executive Officer role) cost attributable to the management of the charity’s assets, organisational and administration and compliance with constitutional and statutory requirements. Governance costs also include audit and accountancy fees as well as the Annual General Meeting costs.

Operating lease agreements

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the Statement of Financial Activities on a straight-line basis over the period of the lease.

Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash at bank and in hand

Cash at bank and in hand includes cash held at bank and cash in hand.

Liabilities and provisions

Liabilities are recognised when there is an obligation at the Statement of Financial Position date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised within interest payable and similar charges.

Financial instruments

The charity has elected to apply the provisions of Section 11 “Basis Financial Instruments” of FRS 102, in full to all of its financial instruments. All of the charities financial assets and financial liabilities qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

INSPIRE SOUTH TYNESIDE

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

1 ACCOUNTING POLICIES (continued)

Pension costs

In 2016 South Tyneside Council for Voluntary Service reviewed the pension options and agreed to continue participating in The Pension Trust Growth Plan Series 4. Following the implementation of the Pensions Act 2011, the scheme has been reclassified to a defined benefit scheme. This is a multiemployer scheme and is a ‘last man standing’ scheme for the purposes of the Pension Protection Fund. Due to the nature of the scheme it is not possible in the normal course of events to identify on a reasonable and consistent basis the share of underlying assets and liabilities belonging to each individual participating employer as a result of contributions being co-mingled for investment purposes, and benefits are paid out of the Plan’s total assets.

The contributions have therefore been charged to the Statement of Financial Activities in accordance with the guidance published by the Pension’s Trust.

Actuarial valuations are carried out on the plan every three years in line with statutory requirements. The purpose of the actuarial valuation is to determine the funding position of the Plan by comparing scheme assets with past service liabilities at the valuation date. Asset values are calculated by reference to market levels. Accrued past service liabilities are valued by discounting expected future benefits payments using a discount rate calculated by reference to the expected future investment returns.

In accordance with the Pension’s Trust guidance, liabilities will only trigger for the charity if one of the following events occurs:

The charity is being proactive in the development of policies and procedures in relation to auto enrolment.

Tangible Fixed Assets and Depreciation

All capital items are capitalised at cost, with a de-minimus limit of £500.

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Freehold Land & Buildings Building Over 50 years Lift 10% reducing balance No depreciation is charged on freehold land. Computer Equipment 33.3% straight line Office Equipment 15% reducing balance Office Furniture 15% reducing balance

INSPIRE SOUTH TYNESIDE

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

1 ACCOUNTING POLICIES (continued)

Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense unless these costs are required to be capitalised as an intangible or tangible fixed asset.

Employees are only entitled to carry forward unused holiday entitlement in exceptional circumstances, and only by agreement with management. The cost of any unused entitlement is recognised in the period in which the employee’s services are required.

Critical Accounting Estimates And Areas Of Judgement

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectation of future events that are believed to be reasonable under the circumstances.

The only significant area of judgement is the useful economic lives of fixed assets, details of which are given above.

2. COMPANY STATUS

The company is a company limited by guarantee. The members of the company are the trustees named on page 1. In the event of the company being wound up, the liability in respect of the guarantee is limited to £1 per member of the company.

INSPIRE SOUTH TYNESIDE

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

3. STATEMENT OF FINANCIAL ACTIVITIES FOR THE PRIOR YEAR

Note
Unrestricted
Funds
£
Income from:
Other trading activities
4
3,102
Charitable activities
5
156,837
Total income
159,939
Expenditure:
Charitable activities
158,590
Total expenditure
6
158,590
Net incoming / (outgoing) resources
before transfers
9
1,349
Transfers
Gross transfers between funds
–
Net movement in funds
1,349
Total funds brought forward
115,114
Total funds carried forward
116,463		 Restricted
Funds
£
–
101,607
101,607

32,224

32,224


69,383
–
69,383
339,183
408,566		 Total
Funds
2024
£
3,102
258,444
261,546
(190,814)
(190,814)
70,732
–
70,732
454,297
525,029

4. INCOME FROM OTHER TRADING ACTIVITIES

Unrestricted
Funds
Restricted
Funds
£
£
Rental income
5,509
–
Miscellaneous income
2,925
–
8,434
–

 2025
£
5,509
2,925
8,434
 2024
£
838
2,264
3,102

During the year ended 31 March 2025, income from other trading activities of £8,434 (2024: £3,102) was unrestricted and £nil (2024: £nil) was restricted.

INSPIRE SOUTH TYNESIDE

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025

5. INCOME FROM CHARITABLE ACTIVITIES

Unrestricted
Funds
£
STMBC
143,923
Community Foundation
–
Lottery Community Fund
–
Community Foundation – Hebburn Pride
–
Micro grants
–
Sir James Knott
7,000
RISE North East
–
Poverty Truth Network
–
The Joicey trust
–
VONNE
–
150,923		 Restricted
Funds
£
–
47,296
15,000
3,500
–
–
–
–
–
–
65,796		 2025
£
143,923
47,296
15,000
3,500
–
7,000
–
–
–
–
216,719		 2024
£
138,387
64,867
30,000
–
500
7,000
11,240
5,000
1,000
450
258,444

During the year ended 31 March 2025, income from charitable activities of £150,923 (2024: £156,837) was unrestricted and £65,796 (2024: £101,607) was restricted.

6. EXPENDITURE

Charitable activities
Governance costs		 Direct
Costs
Staff
Costs
£
£
1,202
109,543
–
–
1,202
109,543		 Depre-
ciation
£
4,386
–
4,386		 Other
Costs
£
66,362
3,240
69,602		 2025
£
181,493
3,240
184,733		 2024
£
187,730
3,084
190,814

During the year ended 31 March 2025, total expenditure of £72,759 (2024: £158,590) was unrestricted and £111,974 (2024: £32,224) was restricted.

Direct costs are made up as follows:

Grants payable
Volunteer associated costs
Governance costs are made up as follows:
Independent Examiners Fees
Accountancy fees		 2025
£
1,202
–
1,202

2025
£
1,920
1,320
3,240
 2024
£
34,813
900
35,713
2024
£
1,830
1,254
3,084

INSPIRE SOUTH TYNESIDE

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

6. EXPENDITURE (continued)

Other costs are made up as follows:

Travel
Telephone
Printing and office supplies
Repairs and facility charge
Council tax and water rates
Heating and lighting
Cleaning and waste
Insurance
Fees and subscriptions
Training
Consultancy and legal fees
Bank charges
Sundry expenses
Room hire
Events costs
Bad debt written off
Marketing		 2025
£
107
2,644
21
11,872
1,098
10,506
2,996
1,719
21,193
7,000
671
102
173
540
4,975
171
574
66,362
 2024
£
658
2,311
312
12,830
1,126
14,856
2,802
1,785
3,465
–
1,187
126
389
534
–
–
–
42,381

7. STAFF COSTS, TRUSTEE REMUNERATION AND EXPENSES AND THE COST OF KEY MANAGEMENT PERSONNEL

The aggregate payroll costs were:

he aggregate payroll costs were:
Wages and salaries
Social security costs
Other pension costs		 2025
£
96,127
3,597
9,819

109,543

 2024
£
93,942
963
9,486
104,391

No employee received emoluments of more than £60,000 during the year (2024: £60,000 - none).

INSPIRE SOUTH TYNESIDE

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

7. STAFF COSTS, TRUSTEE REMUNERATION AND EXPENSES AND THE COST OF KEY MANAGEMENT PERSONNEL (continued)

Particulars of employees:

The average number of staff employed by the charity during the financial year amounted to:

2025 2024
No No
Total 5 5

Key management personnel

The key management personnel comprise trustees and the CEO. The total employee benefits of the key management personnel were £45,835.

Trustees' remuneration and expenses

No remuneration directly or indirectly out of the charity was paid or payable for the year to any trustee or any persons known to be connected with any of them. No reimbursement of expenses has been made or is due to be made to any of the trustees in respect of the year.

As part of the organisations insurance policy, trustees have been indemnified against consequence of any neglect or default on their behalf.

8. PENSION COSTS

Inspire South Tyneside participates in The Pensions Trust Growth Plan which is classified as a defined contribution scheme for the purposes of financial reporting. The assets of the fund are held separately from those of the charity in an independently administered fund.

Contributions to the fund during the year amounted to £9,819 (2024: £9,486). Amounts outstanding at the year end were £299 (2024: £194).

9. NET INCOMING / OUTGOING RESOURCES

Net incoming/(outgoing) resources are stated after charging:

Staff pension contributions
Depreciation
Independent Examiners fee		 2025
£
9,819
4,386
1,920		 2024
£
9,486
5,245
1,830

INSPIRE SOUTH TYNESIDE

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

10 TANGIBLE FIXED ASSETS

Cost
At 1 April 2024
Additions
Disposals
At 31 March 2025
Depreciation
At 1 April 2024
Charge for the year
Disposals
At 31 March 2025
Net book value
At 31 March 2025
At 31 March 2024		 Freehold
Land &
Buildings
Equipment
and
Furniture
£
£
329,256
22,562
–
–
–
–
329,256
22,562
101,532
22,218
4,042
344
–
–
105,574
22,562
223,682
–
227,724
344		 Total
£
351,818
–
–
351,818
123,750
4,386
–
128,136
223,682

228,068

All tangible fixed assets are held for charitable purposes.

11. DEBTORS

Trade debtors
Prepayments and accrued income
REDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Accruals and deferred income
Other creditors
Taxation and social security costs		 2025
£
–
933
933

2025
£
5,949
224,077
12,262
242,288
 2024
£
171
802
973
2024
£
6,679
226,729
12,757
246,165

12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

INSPIRE SOUTH TYNESIDE

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

13. RESTRICTED FUNDS

For the year ended 31 March 2025

Building Fund
Peer Pals – NHS CCG
Barbour
Community Foundation
VCSEP
Lottery Community Fund
Sir James Knott
Community Foundation –
Hebburn Pride
Lloyds
MI South Shields ASD		 Movement in resources:
Balance
1 April
2024
Incoming
Outgoing
Transfers to
Unrestricted
£
£
£
£
227,723
–
(4,042)
–
40,690
–
–
–
1,200
–
(1,200)
–
53,787
47,296
(75,280)
–
1,500
–
(1,202)
–
61,908
15,000
(9,000)
–
4,008
–
–
–
–
3,500
(3,500)
–
17,250
–
(17,250)
–
500
–
(500)
–
408,566
65,796
(111,974)
–		 Balance
31 March
2025
£
223,681
40,690
–
25,803
298
67,908
4,008
–
–
–
362,388

For the year ended 31 March 2024

Building Fund
Peer Pals – NHS CCG
Barbour
Community Foundation
VCSEP
Lottery Community Fund
Sir James Knott
Lloyds
MI South Shields ASD
RISE North East
Poverty Truth Network		 Movement in resources:
Balance
1 April
2023
Incoming
Outgoing
Transfers to
Unrestricted
£
£
£
£
231,777
–
(4,054)
–
40,690
–
–
–
1,200
–
–
–
10,000
59,867
(16,080)
–
1,500
–
–
–
32,758
30,000
(850)
–
4,008
–
–
–
17,250
–
–
–
–
500
–
–
–
6,240
(6,240)
–
–
5,000
(5,000)
–
339,183
101,607
(32,224)
–		 Balance
31 March
2024
£
227,723
40,690
1,200
53,787
1,500
61,908
4,008
17,250
500
–
–
408,566

INSPIRE SOUTH TYNESIDE

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

13. RESTRICTED FUNDS (continued)

Building Fund – funding received towards the cost of the building and also the decorations, repairs and other costs associated with maintaining the IST premises. Annual depreciation is charged against this balance.

Peer Pals – NHS Peer Pals award to deliver two test beds for the concept of Peer Pals (lived experience) focusing on long term conditions. The funding also supports the creation of a Peer Pals Network for South Tyneside ensuring system wide learning of the value of lived experience.

Barbour – Funding towards the volunteer celebration 2024.

Community Foundation – funding for a mapping project from the Vital Tyne & Wear Fund, specifically staff costs of employing a temporary, part time employee in order to map the remaining VCSE sector in South Tyneside.

VCSEP - funds were provided to support all LIO's engaging in this emerging planning forum.

Big Lottery – grant to set up “Sector Connector”, an organisation to allow local businesses to be more connected with their local communities by sharing resources.

Lloyds Foundation – Funding was provided to support our resilience and strategic plans.

Sir James Knott - The trust acknowledged the role of local infrastructure organisations in providing long term support to local charities and that that the trust benefits from such organisations in two ways. Firstly, they provide networking with Charities, local intelligence, and PR for the trust. Secondly, they support Charites with advice and training so that they are well run, this means that the applications that the trust receive from charities are of a higher standard. It was acknowledged that the trust should contribute to supporting local infrastructure organisations in a more consistent and proactive way through direct financial support.

Community Foundation - Hebburn Pride – Funding received towards the costs of the event Hebburn Pride.

RISE North East – Funding provided to support the local community with physical activity sessions.

MI ASD – Funds provided to support welcoming new places.

INSPIRE SOUTH TYNESIDE

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

14 Unrestricted funds

For the year ended 31 March 2025

Balance at Balance
1 Apr At 31 Mar
2024 Incoming Outgoing Transfers 2025
£ £ £ £ £
Designated funds:
Redundancy reserves 4,688 – – – 4,688
Contingencies for closure 11,118 – – – 11,118
Total designated funds 15,806 – – – 15,806
General funds 100,657 159,357 (72,759) – 187,255
116,463 159,357
 (72,759)
 –
 203,061
or the year ended 31 March 2024
Balance at Balance
1 Apr At 31 Mar
2023 Incoming Outgoing Transfers 2024
£ £ £ £ £
Designated funds:
Redundancy reserves 4,688 – – – 4,688
Contingencies for closure 11,118 – – – 11,118
Total designated funds 15,806 – – – 15,806
General funds 99,308 159,939 (158,590) – 100,657
115,114 159,939 (158,590) – 116,463

For the year ended 31 March 2024

Designated funds are as follows:

Redundancy reserves – the balance of £4,688 (2024: £4,688) has been based on Government calculations as at 31 March 2025 (31 March 2024)

Contingencies for closure – the balance has been based on the estimated costs of closing the charity.

INSPIRE SOUTH TYNESIDE

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

15. ANALYSIS OF NET ASSETS BETWEEN FUNDS

For the year ended 31 March 2025:
Tangible
fixed assets
£
Restricted funds
223,682
Designated funds:
Redundancy reserves
–
Contingencies for closure
–
General unrestricted funds
–
Total funds
223,682
For the year ended 31 March 2024:
Tangible
fixed assets
£
Restricted funds
227,724
Designated funds:
Redundancy reserves
–
Contingencies for closure
–
General unrestricted funds
344
Total funds
228,068		 Net current
assets
£
138,706
4,688
11,118
187,255
341,767
Net current
assets
£
180,842
4,688
11,118
100,313
296,961		 Total
2025
£
362,388
4,688
11,118
187,255
565,449
Total
2024
£
408,566
4,688
11,118
100,657
525,029

16. CONTROLLING PARTY

In the opinion of the trustees the charity is not controlled by any single party.

INSPIRE SOUTH TYNESIDE NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

17. PENSION SCHEME

As disclosed within Note 1 of the financial statements, the charity participates in The Pension Trust Growth Plan Series 4 which has been reclassified to a defined benefit scheme following the implementation of The Pensions Act 2011. The Plan is funded and is not contracted-out of the State scheme. The Plan is also a multi-employer pension plan.

Actuarial valuations are carried out on the plan every three years in line with statutory requirements. As at 30 September 2014, the estimated debt on withdrawal liability for the charity was £166,857. However, in accordance with guidance issued by the Pension’s Trust none of the following events have occurred during the financial year; or are expected to occur subsequent to the Balance Sheet date.

The commencement or winding up of the Plan;

On that basis, under the guidance issued by the Pension’s Trust, there is no requirement to provide for such liability within the year-end financial statements as it is unlikely that the debt will crystallise at the current time.

The rules of the Growth Plan state that the proportion of obligatory contributions to be borne by the member and the member’s employer shall be determined by agreement between them. Such agreement shall require the employer to pay part of such contributions and may provide that the employer shall pay the whole of them.

The Growth Plan is a “last man standing” multi-employer scheme. This means that if a withdrawing employer is unable to pay its debt on withdrawal the liability is shared amongst the remaining employers. The participating employers are therefore, jointly and severally liable or the deficit in the Growth Plan.

18. TAXATION

The charity is exempt from tax on income and gains falling within Section 505 of the Taxes Act 1988 or Section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have arisen in the charity.