## **The Loveinspire Foundation Trust** (A charitable Incorporated Organisation) FINANCIAL STATEMENTS AND ANNUAL REPORT For the period 01 /04/2022 – 31/-03/2023 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 ## **Aims & Objectives** The cost of living has seen an unprecedented demand for support services. There has been a 50% increase in the number of food banks throughout East Staffordshire. The demand for clothing banks has also increased with many families now living 40% below the poverty line. The Loveinspire Foundation has continued to meet its aims in preventing poverty by providing support services at grass roots. We continue to contribute to both the third sector and statutory bodies ensuring that underrepresented communities have a voice on all levels. ## **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 - Shadow and handover 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. The charity has filled a gap in one of the most deprived areas in East Staffordshire by providing a weekly food hub. The service serves an area that has a high number of social housing residents and an infant /junior school. ## **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 22/23** - Facilitating crisis prevention services - Maintaining our 24-hour helpline - Working in partnership with youth and family services - Distributing emergency clothing and food to Women Refuges & Refugees - Providing a consistent support network for beneficiaries affected by the Costs of Living - Assisting families with school uniform - Proactive in raising awareness for Equality Diversity & Inclusion - Advisory to commissioners and informing policies. ## **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. The charity will seek to recruit a Funding Officer or Fundraiser to ensure that services can continue to meet demand. ## **Goals for 23/ 24** - Advocate a coordinated approach for provision of school uniform throughout ES & wider area. - Offer voluntary work experience placements to the DWP / trainees. - Deliver presentations regarding the long-term effects of living in poverty. - Collaborate with other agencies to deliver our objectives. - Develop an Eco-friendly system that enables communities to swap clothes & gift unwanted food. - Highlight the need and positive outcomes of community support groups. - Develop further programme of opportunities for independent living. On behalf of the Trustees Chair of Trustees: Tracey Bates Date:24 January 2024 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 1/4/2022 to 31/3/2023** These accounts have been prepared from records presented to us. Michael Byrne Managing Director, Enterprise Links Accounting Services January 2024 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 2023**|
**£**|2022| |**Fixed Assets**||| |Equipment
|**278**|869| |Less Depreciation
|**(69)**|(591)| |-------||------| ||**209**|278| |Current Assets||| |Cash at Bank and in hand|**809**|18,170| |Less Creditors (falling due within one year)|**0**|0| ||----------|---------| |Net Current Assets
|**1,018**|18,448| ||---------|---------| |Total Assets less Current Liabilities|**1,018**|18,448| |Less Creditors (falling due after one year)|**0**|0| ||=====|======| |**NET ASSETS**
|**1,018**|18,448| ||======|======| |**Capital & Reserves**||| |Income & Expenditure Account
|**1,018**|18,448| ||======|======| |**TOTAL RESERVES**|**1,018**
|18,448| ||======|======| |Approved by the trustees and signed in their behalf by;||| |-----------------------------------------------------||| |Tracy Bates, Chair of the Trustees 22ndJanuary 2024||| ## **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 2023** **----- Start of picture text -----**
£ 2022
Income
Grants 4,712 2,040
Donations 640 4,010
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5,352 6,050
Expenditure
Salaries 16,750 27,209
Support Activity Expenses 3,773 7,599
Administration 1,894 8,524
Insurance 295 328
Depreciation of Assets 70 92
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22,782 43,752
--------- ---------
Net Expenditure (17,430) (37,702)
Reserves Balance 31/03/2022 18,448
Net Expenditure in 2022 -23 (17,430)
Reserves Balance 31/03/2023 1,018
**----- End of picture text -----**
## **Notes** Depreciation of assets has been provided for at 25% of cost on a reducing balance. The charity will require increased funding in 2024 to continue to deliver support. 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 22[nd] January 2024