2023-03-28-accounts - Innovation To Inspire Trust

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

Trustees’ Annual Report for the period

From 30 March 2022 To 31 March 2023

Charity Name: Innovation to Inspire Trust Charity Registration Number: 1168756

Objectives and Activities

Objectives and Activities
	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17	1) The advancement of education in the severely deprived UK regions without distinction of age, sex, religion, political, or other opinion. By such charitable educational activities as the trustees think fit. 2) The prevention or relief of poverty by providing or assisting in the provision of education, training and all the necessary support designed to enable individuals to generate a sustainable income and be self-sufficient who have not been able to gain this from mainstream education or have chosen a path of crime. 3) The preservation and protection of young people (ages 4-19) who have not been able to find a future in mainstream education or have chosen a path of crime.
Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts.	Para 1.17 and 1.19	Innovation To Inspire Trust works closely in collaboration with a recognised motor vehicle training provider to help enhance and reach its objects as stated in its governance, this helps more young people aged 13 – 25 who come from deprived backgrounds or have learning difficulties that limit them from achieving a sustainable future, who are at risk of becoming homeless or turning to a life of crime and social isolation. These young people are in the category that is described most at risk and those who are not in

employment, training or education. Often their background is set by; the breakdown in family relationships, low esteem and inability to cope with social exclusion and often with little confidence. Based on the charity's objective it was a business decision to acquire adequate premises and funding to open an Innovative Education Centre.

Our three workshops have proven to be a wonderful practical space and now has the capacity to increase the number of vulnerable learners it can support and has been the new backbone to support the expansion of the “Skills To Employment” programme.

Our focus for this year was to deliver on our promises with the progression of the Skills to Employment and with consultations with the local Leicestershire County Council and also a Special Educational needs College due to County Hall ending the contract with Post 16 learners. The implementation of the Post 16 motor vehicle mechanics course for learners with an (Educational Health Care Plan) EHC Plan, completing a highly recognised qualification with the IMI (Institute of the Motor Industry). We commenced with a total of 5 learners enrolled with the special educational college and the remaining learners at County Hall until the end of this academic year. Learners are split into four cohort groups, the ratio has worked very well and gives learners the bespoke programme they need to be able to achieve their goals and future ambitions. We created a completely bespoke timetable to incorporate the new division within the existing building to be able to run the Post 16 motor vehicle provision for learners with an EHCP.

We have worked very well with the Leicestershire County Council over the past three years which has continued supporting us until the end of this academic year. We will be transferring all the existing learners from County Hall and registering them with

the Special School and continuing the Post 16 programme through them. We will continue to promote the Post 16 motor vehicle provision with the Special Schools around Leicestershire and also through our own Alternative. Meetings are held quarterly along with consultation being completed weekly with staff and open days for tours and discussions with Learner’s parents, Schools and the Local Authority.

To help continue to provide an outstanding post 16 programme it was clear we needed to keep investing in the purchasing of new equipment and remove the old broken tools to help facilitate learning and the growing number of learners. A funding bid was raised and submitted to the National Lottery and funding was granted to Innovation To Inspire Trust on the 18th February 2022 which went through last year's accounts.

The main costs this year have been used to replace broken and used equipment alongside sundries within the workshops due to the amount of learners using the equipment every week.

We are pleased to say that we have delivered on our promises and achieved learner success with qualifications being taken and achieved on our Post 16 Motor Vehicle programme. This is a monumental achievement when considering all the adversities that were encountered over the last year. This achievement would not have been possible without the dedication and the support of many people who have truly shown the most extraordinary acts of human kindness, forethought and compassion to help learners achieve their full aspirations. Our appreciation from the National Lottery has been gratefully received.

Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit	Para 1.18	All trustees understand and follow the guidance issued by the charity commission on public benefit and have received training.

Additional information (optional) You may choose to include further statements where relevant about:

SORP reference Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related investment Para 1.38 Contribution made by volunteers Other

Achievements and Performance

	SORP reference
Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole.	Para 1.20	Innovation To Inspire Trust is now at the heart of the community and still contributes heavily with consultation forums with the local Leicestershire County Council, Secondary Schools, Special Schools, Leicestershire Secondary Education and Inclusion Partnerships, Police, young people in the local area and other young people focused charities, such as, The Friends of the Nook and local Community Centres in the heart of the deprived area of Coalville. The premises of Innovation To Inspire Trust opened its premises to students in the new academic year of September 2017.We are a charitable incorporated organisation based in an area of high deprivation in Coalville, Leicestershire. Leicestershire ranks in the top 10% of areas most deprived. At the premises of Innovation To Inspire Trust alongside our Vocational Training Centre partner, we facilitate knowledge, pastoral care, inspiration and practical teaching on motor vehicle technology education toyoungvulnerable learners.

Additional information (optional) You may choose to include further statements where relevant about:

Achievements against	Para 1.41
objectives set
Performance of fundraising	Para 1.41
activities against objectives set

Investment performance against Para 1.41 objectives Other

Financial Review

Financial Review
Review of the charity’s financial position at the end of the period	Para 1.21	Innovation To Inspire Trust is in its seventh financial year. The financial position of the charity is strong, this is largely due to the fact that the lease has been offered to the charity by EMH Homes at a peppercorn rate and any similar overheads such as utilities, business rates and council tax is partly covered by the training provision that supports the charity.
Statement explaining the policy for holding reserves stating why they are held	Para 1.22	As we are reaching out to more learners with increased costs, it is vital the costs incurred are covered and sufficient funds are in place to keep the Charity account in the black. It will now hold reserves of £1000.00 to cover costs to utility service providers such as electricity, business rates, internet, external suppliers and telephone connections. The balance sheet will show a negative value due to the deposits being carried forward from the previous year and the preceding year giving this year a minus total on the balance sheet.
Amount of reserves held	Para 1.22	£1000.00
Reasons for holding zero reserves	Para 1.22
Details of fund materially in deficit	Para 1.24
Explanation of any uncertainties about the charity continuing as a going concern	Para 1.23	There are no uncertainties regarding the direction of the charity being a going concern nor its financial standing.

Additional information (optional)

You may choose to include further statements where relevant about:

The charity’s principal sources Para 1.47 of funds (including any fundraising) Investment policy and Para 1.46 objectives including any social investment policy adopted A description of the principal Para 1.46 risks facing the charity Other

Structure, Governance and Management

Description of charity’strusts:
Type of governing document (trust deed, royal charter)	Para 1.25	Constitution as submitted to charity commission on original registration.
How is the charity constituted? (e.g unincorporated association, CIO)	Para 1.25	CIO
Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees	Para 1.25	Innovation To Inspire Trust has 3 Trustees which remain the same as the original submitted in original registration. The charity has a Trustee selection policy also highlighted in the governing document.

Additional information (optional)

You may choose to include further statements where relevant about:

Policies and procedures adopted for the induction and training of Para 1.51 trustees

The charity’s organisational structure and any wider network with which the charity works	Para 1.51
Relationship with any related parties	Para 1.51
Other

Reference and Administrative details

Charity name	Innovation to Inspire Trust
Other name the charity uses	N/A
Registered charity number	1168756
Charity’sprincipal address	14 – 16 BELGRAVE CLOSE COALVILLE LEICESTERSHIRE LE67 4TN

Names of the charity trustees who manage the charity

1	Trustee name	Dates acted if not for whole year Name of person (or body) entitled to appoint trustee (if any)
	Deepak Farmah	Wayne Derbyshire
2	Wayne Derbyshire
3	Anil Patel
4
5

– Corporate trustees names of the directors at the date the report was approved Director name

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year

Funds held as custodian trustees on behalf of others

Description of the assets held in None this capacity Name and objects of the charity N/A on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe N/A custody and segregation of such assets from the charity’s own assets

Exemptions from disclosure

Reason for non-disclosure of key personnel details N/A

Other optional information

I would like to say a huge thank you to everyone who has supported Innovation To Inspire Trust over the years. The good work the charity continues to do, will help build communities and help support young vulnerable people into employment for many years to come.

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees


	Deepak Farmah	Wayne Derbyshire
	Trustee/Chair	Trustee
20/09/2023
	20/09/2023

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Account Activity
Account Name: CafCash Account Main
Account Type: CAF_CASH
Bank's Name: CafCash Account Main
Account Number: 29999
Currency: GBP
Activity Criteria: All transactions between 29/03/2022 - 28/03/2023
----- End of picture text -----

Account Activity
Account Name:	CafCash Account Main
Account Type:	CAF_CASH
Bank's Name:	CafCash Account Main
Account Number:	29999
Currency:	GBP
Activity Criteria:	All transactions between 29/03/2022 - 28/03/2023


Account Transactions
Posting Date	Debit	Credit	Balance
31/03/2022			7,741.80
29/03/2022	- 31.85-		7,709.95
29/03/2022	- 19.34-		7,690.61
04/04/2022	19.95		7,670.66
04/04/2022	106.76		7,563.90
25/03/2022	15.98		7,547.92
25/03/2022	14.99		7,532.93
25/03/2022	8.22		7,524.71
25/03/2022	3.75		7,520.96
01/04/2022	62.00		7,458.96
01/04/2022	10.99		7,447.97
29/03/2022	55.00		7,392.97
29/03/2022	237.60		7,155.37
25/03/2022	46.11		7,109.26
25/03/2022	19.99		7,089.27
19/04/2022	8.00		7,081.27
22/04/2022	37.73		7,043.54
07/04/2022	2.76		7,040.78
04/05/2022	7.19		7,033.59
04/05/2022	5.89		7,027.70

Account Activity
Account Name:	CafCash Account Main
Account Type:	CAF_CASH
Bank's Name:	CafCash Account Main
Account Number:	29999
Currency:	GBP
Activity Criteria:	All transactions between 29/03/2022 - 28/03/2023


Account Transactions
Posting Date	Debit	Credit	Balance
04/05/2022	15.98		7,011.72
04/05/2022	13.99		6,997.73
04/05/2022	9.26		6,988.47
01/05/2022	193.60		6,794.87
29/04/2022	59.56		6,735.31
29/04/2022	3.85		6,731.46
29/04/2022	2.95		6,728.51
06/04/2022	154.63		6,573.88
05/04/2022	320.58		6,253.30
19/05/2022	67.12		6,186.18
19/05/2022	63.20		6,122.98
19/05/2022	56.82		6,066.16
19/05/2022	32.70		6,033.46
19/05/2022	11.85		6,021.61
19/05/2022	8.49		6,013.12
04/05/2022	14.40		5,998.72
23/05/2022	38.39		5,960.33
09/05/2022	2.76		5,957.57
16/05/2022	8.00		5,949.57
05/06/2022	- 4.95-		5,944.62

Account Activity
Account Name:	CafCash Account Main
Account Type:	CAF_CASH
Bank's Name:	CafCash Account Main
Account Number:	29999
Currency:	GBP
Activity Criteria:	All transactions between 29/03/2022 - 28/03/2023


Account Transactions
Posting Date	Debit	Credit	Balance
05/06/2022	- 11.50-		5,933.12
05/06/2022	- 7.89-		5,925.23
05/06/2022	- 6.95-		5,918.28
05/06/2022	- 8.99-		5,909.29
05/06/2022	- 3.33-		5,905.96
05/06/2022	- 10.79-		5,895.17
05/06/2022	- 2.99-		5,892.18
05/06/2022	- 3.99-		5,888.19
05/06/2022	- 19.99-		5,868.20
05/06/2022	- 3.95-		5,864.25
05/06/2022	- 6.69-		5,857.56
05/06/2022	- 10.99-		5,846.57
05/06/2022	- 19.99-		5,826.58
05/06/2022	- 69.28-		5,757.30
10/06/2022	- 126.31-		5,630.99
10/06/2022	- 84.36-		5,546.63
10/06/2022	- 38.55-		5,508.08
10/06/2022	- 24.30-		5,483.78
10/06/2022	- 12.34-		5,471.44
09/06/2022	- 242.32-		5,229.12

Account Activity
Account Name:	CafCash Account Main
Account Type:	CAF_CASH
Bank's Name:	CafCash Account Main
Account Number:	29999
Currency:	GBP
Activity Criteria:	All transactions between 29/03/2022 - 28/03/2023


Account Transactions
Posting Date	Debit	Credit	Balance
15/06/2022	8.00		5,221.12
27/06/2022	0.50		5,220.62
09/06/2022	- 2.76-		5,217.86
23/06/2022	- 178.50-		5,039.36
23/06/2022	- 97.99-		4,941.37
23/06/2022	- 36.08-		4,905.29
22/06/2022	- 38.39-		4,866.90
22/06/2022	- 17.50-		4,849.40
17/06/2022	- 27.98-		4,821.42
17/06/2022	- 56.98-		4,764.44
17/06/2022	- 159.27-		4,605.17
16/06/2022	- 4.45-		4,600.72
05/07/2022	- 16.80-		4,583.92
05/07/2022	- 37.66-		4,546.26
29/7/2022	- 55.64-		4,490.62
22/07/2022	- 38.39-		4,452.23
15/07/2022	8.00		4,444.23
07/07/2022	2.76		4,441.47
08/08/2022	480.00		3,961.47
22/08/2022	38.39		3,923.08

Account Activity
Account Name:	CafCash Account Main
Account Type:	CAF_CASH
Bank's Name:	CafCash Account Main
Account Number:	29999
Currency:	GBP
Activity Criteria:	All transactions between 29/03/2022 - 28/03/2023


Account Transactions
Posting Date	Debit	Credit	Balance
15/08/2022	5.00		3,918.08
12/08/2022	16.80		3,901.28
09/08/2022	2.76		3,898.52
28/08/2022	9.99		3,888.53
28/08/2022	33.00		3,855.53
28/08/2022	56.98		3,798.55
28/08/2022	58.16		3,740.39
28/08/2022	11.10		3,729.29
28/08/2022	26.97		3,702.32
28/08/2022	89.99		3,612.33
06/09/2022	27.80		3,584.53
06/09/2022	21.49		3,563.04
06/09/2022	7.49		3,555.55
06/09/2022	4.98		3,550.57
14/09/2022	16.80		3,533.77
16/09/2022	76.75		3,457.02
16/09/2022	42.27		3,414.75
16/09/2022	- 32.16-		3,382.59
16/09/2022	- 28.99-		3,353.60
16/09/2022	- 26.97-		3,326.63

Account Activity
Account Name:	CafCash Account Main
Account Type:	CAF_CASH
Bank's Name:	CafCash Account Main
Account Number:	29999
Currency:	GBP
Activity Criteria:	All transactions between 29/03/2022 - 28/03/2023


Account Transactions
Posting Date	Debit	Credit	Balance
16/09/2022	- 14.99-		3,311.64
15/09/2022	- 3.15-		3,308.49
15/09/2022	- 15.00-		3,293.49
15/09/2022	- 5.88-		3,287.61
15/09/2022	- 19.99-		3,267.62
15/09/2022	- 48.65-		3,218.97
15/09/2022	- 5.29-		3,213.68
15/09/2022	- 11.99-		3,201.69
15/09/2022	- 100.00-		3,101.69
15/09/2022	- 3.26-		3,098.43
15/09/2022	- 5.49-		3,092.94
22/09/2022	- 28.40-		3,064.54
15/09/2022	5.00		3,059.54
22/09/2022	- 38.39-		3,021.15
16/09/2022	- 8.69-		3,012.46
26/09/2022		- 1.31-	3,013.77
16/09/2022	- 119.99-		2,893.78
28/09/2022	- 29.95-		2,863.83
28/09/2022	- 19.99-		2,843.84
28/09/2022	- 56.52-		2,787.32

Account Activity
Account Name:	CafCash Account Main
Account Type:	CAF_CASH
Bank's Name:	CafCash Account Main
Account Number:	29999
Currency:	GBP
Activity Criteria:	All transactions between 29/03/2022 - 28/03/2023


Account Transactions
Posting Date	Debit	Credit	Balance
28/09/2022	- 14.99-		2,772.33
06/10/2022	- 17.79-		2,754.54
06/10/2022	- 17.31-		2,737.23
06/10/2022	- 7.95-		2,729.28
13/10/2022	- 837.70-		1,891.58
13/10/2022	- 60.71-		1,830.87
10/10/2022	- 130.99-		1,699.88
24/10/2022	- 10.99-		1,688.89
24/10/2022	- 1.48-		1,687.41
24/10/2022	- 38.39-		1,649.02
17/10/2022	5.00		1,644.02
13/10/2022	16.8		1,627.22
12/10/2022		- 15.00-	1,642.22
07/10/2022	- 2.76-		1,639.46
24/10/2022	- 49.95-		1,589.51
24/10/2022	- 22.78-		1,566.73
24/10/2022	- 21.50-		1,545.23
01/10/2022	- 15.99-		1,529.24
24/10/2022	- 13.92-		1,515.32
24/10/2022	- 13.58-		1,501.74

Account Activity
Account Name:	CafCash Account Main
Account Type:	CAF_CASH
Bank's Name:	CafCash Account Main
Account Number:	29999
Currency:	GBP
Activity Criteria:	All transactions between 29/03/2022 - 28/03/2023


Account Transactions
Posting Date	Debit	Credit	Balance
11/11/2022		- 150.00-	1,651.74
23/11/2022	- 38.39-		1,613.35
15/11/2022	5.00		1,608.35
14/11/2022	16.80		1,591.55
06/12/2022	- 39.80-		1,551.75
06/12/2022	- 25.00-		1,526.75
06/12/2022	- 17.61-		1,509.14
16/11/2022	- 223.16-		1,285.98
18/11/2022	- 125.90-		1,160.08
26/12/2022		- 0.94-	1,161.02
15/12/2022	- 5.00-		1,156.02
23/12/2022	- 41.10-		1,114.92
23/01/2023	- 44.39-		1,070.53
16/01/2023	- 5.00-		1,065.53
13/02/2023	- 71.97-		993.56
13/02/2023	- 47.44-		946.12
13/02/2023	- 23.98-		922.14
13/02/2023	- 14.95-		907.19
15/02/2023	- 5.00-		902.19
22/02/2023	- 44.39-		857.80

Account Activity
Account Name:	CafCash Account Main
Account Type:	CAF_CASH
Bank's Name:	CafCash Account Main
Account Number:	29999
Currency:	GBP
Activity Criteria:	All transactions between 29/03/2022 - 28/03/2023


Account Transactions
Posting Date	Debit	Credit	Balance
07/02/2023	- 16.80-		841.00
16/02/2023		- 23.98-	864.98
09/01/2023	- 435.80-		429.18
02/02/2023	- 10.03-		419.15
28/02/2023	- 10.89-		408.26
28/02/2023	- 10.79-		397.47
28/02/2023	- 9.00-		388.47
28/02/2023	- 7.89-		380.58
28/02/2023	- 4.95-		375.63
28/02/2023	- 4.95-		370.68
28/02/2023	- 4.59-		366.09
28/02/2023	- 4.05-		362.04
13/03/2023	- 112.93-		249.11
13/03/2023	- 46.53-		202.58
13/03/2023	- 33.99-		168.59
13/03/2023	- 30.00-		138.59
13/03/2023	- 11.95-		126.64
11/11/2023	- 150.00-		(23.36)
22/03/2023	- 200.00-		(223.36)
30/03/2023	- 8.98-		(232.34)

Account Activity
Account Name:	CafCash Account Main
Account Type:	CAF_CASH
Bank's Name:	CafCash Account Main
Account Number:	29999
Currency:	GBP
Activity Criteria:	All transactions between 29/03/2022 - 28/03/2023

Account Transactions
Posting Date	Debit	Credit	Balance
22/03/2023	- 50.78-		(283.12)
27/03/2023		- 1.29-	(281.83)


Account Debit/Credit	- 8,216.15-	-192.52
Balance type	Date of last update	Amount
Cleared Balance	28/03/2023		-8,408.67
Ledger Balance	28/03/2023		(281.83)