## **The Loveinspire Foundation Trust** (A charitable Incorporated Organisation) FINANCIAL STATEMENTS AND ANNUAL REPORT For the period 01 /04/2021 – 31/-03/2022 Registered Charity Number 1171233 ## **Trustees** Tracy Bates – Chair Stephanie Foster – Treasurer Mavis Wilkin – Secretary ## **Chief Executive Officer** Monica Holton ## **Reporting Accountant** Mike Byrne ## **Bankers** Natwest Bank 159 High Street Burton on Trent Staffordshire DE14 1JG ## **Governing Document and Structure** The Loveinspire Foundation remains a Charitable Incorporated Organisation formed in 2017. The charity was set for the prevention and relief of poverty. This continues to be our core objective working with local and national services to provide a Crisis Prevention Service. Board of Trustees govern the charity with an appointed CEO who reports to the Trustees regularly. New Trustees must be approved by a quorum of either 3 trustees or not less of one third of their total number. Service delivery is managed by an appointed CEO and a team of trained volunteers. ## **Recruiting Trustees** - Expression of Interest - Request for CV & covering letter /references. - Meet with Trustees - Complete Charity Commission Declaration - Complete Enhanced DBS Checks Services are in high demand due the financial impact of covid and the increase of energy costs which has seen many families fall into poverty for the first time. Trustees are updated on a regular basis and able to access data through our approved process. In person board meetings have commenced and these are held quarterly, monthly updates are held via zoom call as an alternative option voted and agreed by board of trustees. Support Staffordshire, Staffordshire Council Voluntary Youth Services and Safeguarding Board provide regular training in key areas that ensure the charity is compliant and policies are in line in with current legislation. ## **Operational** Monica Holton continues as CEO and oversees the day to day running of the charity. Beneficiaries have felt more confident to engage in activities during this period which allowed the charity to once again facilitate half term family led programmes. We have a dedicated team of volunteers to whom we are extremely grateful they continue to assist with food parcel deliveries, supporting client applications for fuel poverty and assisting with half term activities. ## **Activities undertaken for the public benefit.** - Emergency on call triage including 24 hour telephone service. - Practical Support – provision of food parcels, clothing, toiletries etc… - Facilitating half term activity programmes these include a meal and healthy snacks. - Supply of formal interview clothes & work wear - Supply of school uniform and clothes - Supply & Distribution of Winter Coats & Shoes - Referring Agency for fuel poverty clients - Advice & Guidance for clients seeking assistance with homelessness, immigration, refugees. low level depression, anxiety and isolation. ## **Summary achievements for 21/22** - Facilitating crisis prevention services - Maintaining our 24-hour helpline - Working in partnership with youth services - Distributing emergency clothing and food to Women Refuges & Refugees - Providing a consistent support network for beneficiaries affected by the Costs of Living - • Assisting 47 families with school uniform - Proactive in raising awareness for Equality Diversity & Inclusion ## **Organisational Policies -** All Policies are renewed annually in accordance with Board of Trustees. The charity remains affiliated with SCVYS & Support Staffordshire who are contracted by the County. ## **Funders and Donors -** A special thank you to our donors who continue to support our efforts to irradicate poverty. ## **Goals for 22/ 23** - Open a dedicated school uniform unit. - Recruit volunteers from DWP - Collaborate with other agencies to deliver our objectives. - Develop an Eco-friendly system that enables communities to swap clothes & gift unwanted food. - To improve our fundraising efforts by developing an online subscription/ membership platform. On behalf of the Trustees Chair of Trustees: Tracy Bates Date: 30 Jan 2023 Signature: T. Bates ## **LOVE INSPIRE FOUNDATION TRUST CIO** **Charitable Incorporated Organisation Charity Number 1171233 (England)** **Registered Address Unit G/H The Octagon Centre First Floor New Street Burton on Trent DE14 3TN** **Annual Report and Accounts 1/4/2021 to 31/3/2022** These accounts have been prepared from records presented to us. Michael Byrne Managing Director, Enterprise Links Accounting Services January 2023 Enterprise Links Accounting Services is a trading name of Enterprise Links Ltd a company registered in England, company number 07803288.Registered office 9 Langley Close, Walsall WS9 9NJ. ## **LOVE INSPIRE FOUNDATION TRUST CIO** Unit G/H The Octagon Centre, First Floor, New Street, Burton on Trent DE14 3TN ## **Charity Number 1171233** |**BALANCE SHEET as at 31st March 2022**|**BALANCE SHEET as at 31st March 2022**|
**£**|2021|| |---|---|---|---|---| |**Fixed Assets**||||| |Equipment
|869||736|| |Less Depreciation||591|497|| ||-------||------|| |||278||239| |Current Assets||||| |Cash at Bank and in hand||18,170||55,911| |Less Creditors (falling due within one year)||0||0| |||----------||---------| |Net Current Assets||18,448||56,150| |||--------||---------| |Total Assets less Current Liabilities||18,448||56,150| |Less Creditors (falling due after one year)||0||0| |||======||======| |**NET ASSETS**||**18,448**||56,150| |||======||======| |**Capital & Reserves**||||| |Income & Expenditure Account||18,448||56,150| |||======||======| |**TOTAL RESERVES**||**18,448**
||56,150| |||======||======| |Approved by the trustees and signed in their behalf by;||||| |-----------------------------------------------------||||| |Tracy Bates, Chair of the Trustees 27thJanuary 2023||||| ## **LOVE INSPIRE FOUNDATION TRUST CIO** Unit G/H The Octagon Centre, First Floor, New Street, Burton on Trent DE14 3TN ## **Notes to the Accounts** **Income & Expenditure Account for year ended 31[st] March 2022** **----- Start of picture text -----**
£ 2021
Income
Grants 2,040 74,084
Donations 4,010 1,248
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6,050 75,332
Expenditure
Salaries 27,209 11,778
Administration 8,212 2,589
Support Activities 7,599 6,242
Insurance 328 349
Subscriptions 312 0
Depreciation of Assets 92 80
-------- --------
43,752 21,038
--------- ---------
Annual Surplus (Expenditure) (37,702) 54,294
Reserves Balance 31/03/2021 56,150
Net Expenditure in 2021 -22 (37,702)
Reserves Balance 31/03/2022 18,448
Notes
**----- End of picture text -----**
Depreciation of assets has been provided for at 25% of cost on a reducing balance. These accounts have been prepared in accordance with the law applicable to charities in England and Wales requiring the charity trustees to present financial statements for each year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, of the charity for that period Approved by the trustees and signed on their behalf by; --------------------------------------------------- Tracy Bates 27[th] January 2023