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2025-03-31-accounts

Company registration number: 04182567 Charity registration number: 1179502

Inspira (01)

(A company limited by guarantee) Annual Report and Financial Statements

for the Year Ended 31 March 2025

Inspira (01)

Contents

Reference and Administrative Details 1
Trustees report 24/25 2 to 14
Independent Auditors' Report 15 to 18
Statement of Financial Activities 19
Balance Sheet 20
Statement of Cash Flows 21
Notes to the Financial Statements 22 to 37

Inspira (01)

Reference and Administrative Details Reference and Administrative Details
Trustees Mark Bowman, Chief Executive
Sean Balmer
Derick Pattinson
George Beveridge, Chair
Jane Wilding
Ruth Harrison-Palmer (resigned 17 January 2025)
Robert Scott
Arun Kumar, (appointed 24 May 2024)
Alison Robinson, (appointed 24 May 2024)
Secretary David Emerson
Charity Registration Number 1179502
Company Registration Number 04182567
Registered Office Castle View
Gillan Way
Penrith 40 Business Park
Penrith
Cumbria
CA11 9BP
Auditor Beever and Struthers
The Beehive
Lions Drive
Shadsworth Business Park
Blackburn
BB1 2QS

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Inspira (01)

Trustees report 24/25

Introduction

Welcome to our Trustees report for the year ended 2025. It was a challenging but ultimately successful year.

We have directly supported over 24,000 people to achieve better employment, education and training outcomes. In a challenging financial climate, the Trustees are proud of the charity’s achievements and impact.

We have continued to deliver high quality and relevant careers and employability programmes. Our young people-focussed work has seen us help over 10,000 young people make the transition from compulsory education to further and higher education or begin their journey into the world of work, 3,200 of these have received impartial careers coaching. The focus is often those vulnerable groups who need the most support.

We continue to grow our offer to reduce youth unemployment and support young people who are Not in Education, Employment or Training (NEET), prioritising innovative ways of working to get better results. Our work with the longer term unemployed and economically inactive continues to develop. New programmes to help people with additional barriers to work, particularly with health conditions linking them to skills provision and live vacancies is helping both individuals and the wider economy. We have supported over 1100 economically inactive people.

To achieve such results, we need a highly qualified motivated and resilient team. At the core of our approach is the support beneficiaries receive from our advisers - trusted and skilled guidance professionals who take time to fully understand the people they support, look at their life, needs and goals in the round and help them make progress in the labour market.

It’s why at our latest survey 97% take pride in working for Inspira and find their job satisfying. We know our numbers are good but we need external scrutiny to help us. We are a matrix accredited provider on our careers work and Ofsted said we are making progress in our first monitoring visit.

Our work has been in the backdrop of a new government and is aligned to support new policies such as Get Britain Working, Pathways to Work and the Youth Guarantee. We are closely aligned and supportive of the more localised approach being rolled out through English Devolution and continue to support both national and local partnerships.

To do this we need a clear strategy based on growth, impact and resilience and the trustees have worked with the senior team to refresh this strategy over the last year.

Looking forward to 2025/26 it’s clear that the challenging financial climate will remain. The trustees feel we are well placed to be central to local developments to help move more people into employment and help the economy grow. As we move into our 25th year of operations, the experience, expertise and motivation we have, drives us to achieve even better results for everyone we work with.

We hope you enjoy reading our report.

The annual report was approved by the trustees of the charity on 26 September 2025 and signed on its behalf by:

......................................... ......................................... Mark Bowman George Beveridge Trustee Trustee

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Trustees report 24/25

A) Policies & Objectives

Mission & Vision

Mission

By being Bold Relevant and Resilient our mission is to empower young people and adults to reach their full potential.

Our Vision

To be the best and most relevant careers and employability organisation in the region.

Our Aim

Is to empower people with the tools and confidence to navigate the ever evolving job market, making informed decisions that align with their passions and strengths.

Our Charitable purpose (objects)

The Charity’s objects are restricted specifically (in each case, only for the public benefit) to the following:

•To relieve unemployment in such ways as may be thought fit including assistance to find employment.

•To help young people and adults advance in life through providing support and activities which develop their skills, capabilities and capacities to enable them to participate in something as mature and responsible individuals.

•To promote social inclusion by preventing people from being or becoming socially excluded, helping people who are usually excluded and assisting them to integrate into society. (“Socially excluded” means being excluded from society or parts of society as a result of unemployment, financial hardship, age, unlawful discrimination or poor educational or skills attainment).

•To advance education of people in such way as thought fit, including preparation for entry to any occupation, trade or profession.

•To promote equality and diversity.

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.

B) Strategies for achieving objectives

During 2024/25 the trustees and senior team have invested time in developing a new strategic framework.

The strategy is based on 3 objectives

• To increase the resilience of the charity.

A framework has been agreed which includes key results, key actions and underpinning strategies to help achieve the overall objectives.

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Inspira (01)

Trustees report 24/25

C) Main activities undertaken to further the charity’s purpose for the public benefit

Statement of public benefit

Over the 12 month period covered by this report we have helped over 24,000 young people transition into further education, employment and training, helping develop their skills and capabilities. We have worked with over 7000 adults providing careers and employability support as well as skills training resulting in over 3,500 unemployed or economically inactive people gaining employment or accessing further training.

Trustees Assessment of public benefit.

The trustees are proud of the impact delivered through our major programmes. A full range of performance indicators are considered at every trustees meeting which helps satisfy them that the charity is providing public benefit and achieving its charitable purpose.

Safeguarding of beneficiaries and staff is high on the agenda. In the last 12 months the lead trustee for safeguarding has carried out a deep dive into procedures and practices. We have also carried out surveys of our teams ‘lived experience’ so we can be sure that we have the right experience to meet beneficiary need.

D) Achievement and Performance

Financial Review and Results for the Year:

The Statement of Financial Activities shows total income of £5,681,398 (2024: £5,337,343) and total expenditure of £5,601,116 (2024: £5,164,373) resulting in an operating surplus, for the 12-month period of £80,282 (2024 £172,971).

Income from adults and employability related contracts saw an increase of almost 30%. Young people related contracts saw a decrease of 18%.

E) Review of activities

How we work

This diagram identifies the crucial enabling factors and resources that are needed for the charity to be effective, the key types of activities that we deliver and the main outcomes that follows from these - leading towards an ultimate goal for the people we support.

Page 4

Inspira (01} Trustees report 24125 Inspira Theory of Change APF l.nkw￿jr￿Ir ih Be BDLr ELEVANT LI￿￿r. INSPIRA Page 5

Inspira (01)

Trustees report 24/25

Within this framework these are the major programmes we have delivered:

Targeted Careers Information, Advice and Guidance (CIAG).

Inspira has been commissioned to provide Careers Information, Advice and Guidance (CIAG) and support with progression planning to priority groups of young people. We also manage the September Guarantee to ensure all young people have a suitable offer of post-16 learning.

The Key

The Key offers skills support for adults in Cumbria who are unemployed and inactive in the labour market. Designed to match jobseekers with live local job opportunities, the programme aims to update and improve the skills of participants so that they can compete effectively in the labour market.

Restart

The Restart Scheme offers Universal Credit claimants who have been out of work for at least 6 months and have multiple barriers to employment enhanced support to find jobs in their local area. This is achieved through personalised one to one support and bespoke employer engagement.

The Adult Skills Fund (ASF)

The Adult Education Budget is a fund that has been set up by the government to help support the delivery of education and training to people aged 19 and over. We use it to provide skills training for unemployed adults.

National Careers Service

National Careers Service provides careers information, advice and guidance, targeted at adults. We can help our clients to make decisions on learning, training and work at all stages of their career with enhanced support for priority groups.

Launchpad

Launchpad offers NEET young people aged 16-24 across Cumbria a range of personalised support, tailored development opportunities, experiences and encounters with employers to help them progress into mainstream labour market opportunities, education and apprenticeships.

Lancashire Careers Hub

Lancashire Careers Hub is a collaboration of 154 secondary schools and colleges across the whole region who work together to deliver the Gatsby benchmarks. Collaborating with business partners, the public, education and voluntary sectors, they help improve careers outcomes for young people.

The Link

Employer encounters are vitally important for all young people. Through The Link we have built a network of SME employers to work with young people across Cumbria to understand the world of work and the skills that are valued in the workplace.

Multiply

Multiply is a government-funded programme to help adults improve their numeracy skills. It is aimed at people aged 19 and over and don’t have maths GCSE at grade C (or equivalent). They can access free numeracy courses through Multiply to build their confidence with numbers and gain a qualification.

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What our beneficiaries say on completing our programmes:

F) Pension Schemes

The Charity operates a defined contribution scheme for employees, managed on the Charity’s behalf by Aviva. Total combined employee and employer contributions exceed minimum percentage level requirements.

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Trustees report 24/25

G) Investment Policy and Performance

In the current economic climate investment, stable cash reserves and competitive investment returns are being maintained as the Charity continues to generate additional income through its interest-bearing accounts held with its bank. The Charity has no other financial investments held in stock market or banking related products. The Charity owns its head office premises and generates rental income from part of the property on a five year lease that commenced in 2024.

H) Factors relevant to achieve objectives

People:

We have a great team of dedicated people, who, whatever their role are committed to improving outcomes for the people they work with. We currently have 120 colleagues, spread across our operational centres in Cumbria and Lancashire.

Keeping a dispersed team informed and motivated is crucial to achieving outcomes. Regular team meetings take place throughout the operation and the full charity meets twice a year alongside regular virtual briefings.

Training and development is crucial and colleagues have recorded over 2358 CPD hours this year. These are accessed across channels ranging from formal qualifications, online mandatory training and informed lunch and learn sessions. We continue to invest in people and at present 78% of delivery teams are qualified or working towards CIAG qualifications. With 70% qualified or working towards IPS and IEP qualifications.

We ask colleagues what they think every year, this year 96% felt informed, 97% take pride in belonging to the charity and 97% felt the values are embedded throughout the organisation. 100% said they were aware of their responsibilities regarding good health and safety practices.

Safeguarding:

Safeguarding both beneficiaries and colleagues is the highest of priorities for the trustees. We have a lead safeguarding trustee who has worked with the Senior Team to carry out an independent ‘deep dive’ into safeguarding practices and procedures. Safeguarding is a standing item on all team meetings and in the staff survey 100% of colleagues reported that they are aware of responsibilities regarding Safeguarding and Prevent with young people/vulnerable adults.

Equality, Diversity and Inclusion (EDI):

Trustees want to make sure our work and working for or with Inspira is open to everyone and take on active role in promoting EDI. They recognise the impact and value it brings to organisational culture, performance and community impact. Trustees have agreed an EDI policy and monitor an action plan to further enhance progress. The plan is based on governance, workforce and beneficiaries. This year we repeated a ‘lived experience’ survey to help make sure our teams reflect the communities they work with.

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Quality:

The Company undertakes a number of measures to ensure that work undertaken is accurate and of a consistent high standard and that all recording is contract compliant.

Performance measures include:

• Observations of practice including one to one interventions with customers, group work and delivery of training

• Monitoring of customer records including the quality of action plans produced

We are also externally verified and accredited achieving a number of standards

• Matrix - The Matrix standard is owned by the Department for Education and ensures the delivery of high quality Information Advice and Guidance services which support people to achieve their fully potential

• Ofsted - Who assess the quality of the adult skills funding provision

• Disability Confident - Department for Work and Pensions accreditation for employing people with health conditions and disabilities

Central to developing services in the work and health sector we are preparing for Individual Placement Support (IPS) fidelity review to ensure the continuing improvement of the quality of the supported employment services.

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Trustees report 24/25

Partnerships:

Partnerships and collaboration is crucial to make sure public and charitable money is spent in the best possible way. We support an increasing range of strategic and operational partnerships at a national, regional and local level.

We are members of a number of national trade associations and practitioner bodies such as Careers England (CEO is current chair), Employment Related Services Association (ERSA), Careers Development Institute (EDI) and Institute of Employability Professionals (IEP).

We work closely with all councils and unitary authorities in our footprint. We work with Schools, Colleges, Universities, Multi-Agency Trusts (MATS) and Alternative Provisions providers as well as a host of voluntary and community organisations.

To make sure we can help people get jobs now or in the future we need to have excellent partnerships with local employers. This year we have worked with over 700 to help them fill vacancies and inspire the future workforce. We are actively working in partnership, supporting a diverse range of employers, creating inspiring, innovative and sector specific employment programmes that help them fill their workforce needs and help local people into work.

We deliver contracts on behalf of:

• Cumberland council

• Westmorland and Furness council

We have also received funding from:

I) Going Concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

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Trustees report 24/25

J) Reserves Policy

Inspira needs free reserves to enable it to fulfil its charitable obligations and commitments. The Charity also requires reserves to ensure continuance of these obligations in the event of any unexpected revenue shortfall.

Free reserves are defined by the Charity Commission as unrestricted funds available to spend on the general purposes of the charity and therefore excluding those designated for particular purposes and those already utilised in purchasing tangible fixed assets. Free reserves should not be mistaken for cash reserves.

Inspira’s policy in the long term is to aim to hold reserves equal to not less than three months normal running costs. The directors/trustees believe that the reserves should be built up to the desired level in stages consistent with the charity’s overall financial position and its need to maintain and develop its charitable objectives. The charity’s short-term objective is to ensure that the combination of cash and realisable fixed assets is sufficient to meet current and anticipated obligations.

On 31 March 2025, free reserves stood at £1,334,817. Based on average budgeted levels of expenditure in 2025/26 this level of reserves satisfies the requirements of this policy.

Structure, Governance and Management

K) Constitution

The Charity is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association on 21 March 2018.

The Charity is constituted under a Memorandum of Association dated 21 March 2018 and its registered charity number is 1179502.

Every member undertakes to contribute an amount not exceeding £1 in the event of the Charity being wound up. On 31 March 2025 the Charity had 8 members, individuals who are the trustees.

The Charity was incorporated on 19 March 2001 and commenced trading on that date.

There have been no changes to the charitable objects since the last trustees’ annual report.

On the 8th February 2024 the Charity changed its name to Inspira (01). It continues to trade as Inspira.

L) Methods of appointment or election of Trustees

The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Articles of Association. Potential trustees are identified via widespread advertising and by partner organisations or serving directors/trustees and have the necessary skills and experience to complement the current Board.

On appointment each new director/trustee receives an induction pack which outlines the role and responsibilities of becoming a director/trustee to the organisation, terms and conditions of the appointment, background details of the Charity and information relating to the conduct of the Board, including matters reserved, standing orders and specific policies and procedures.

In May 2024 two new trustees were appointed.

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M) Policies adopted for the induction and training of Trustees

Every year Trustees carry out an annual Board evaluation which includes an online survey and analysis or results at the subsequent Board meeting. The evaluation covers areas such as:

The Charity has also benchmarked against the Charity Governance code and uses this as a tool for improvement.

N) Pay policy for senior staff

The pay policy for senior staff is based on industry benchmarks.

The Chair of the Board is responsible for the Chief Executive's performance development review and the Board determine an annual pay review, with the employment contract and policies of the organisation.

O) Organisational structure and decision making

The Company was established in March 2001. In August 2018 we became a registered charity.

The Chief Executive, under the delegation from the Board is responsible for the day-to-day management of the Company. The Senior Management Team is comprised of the CEO, delivery Director, Head of employability and Chief Financial Officer. The responsibility of the SMT is to manage and develop the Company as effectively as possible.

The Board of Trustees meets at least six times a year. The Chair is a non-executive chosen by the Board. Committees have delegated authority to review business areas such as Finance and Growth, People and Performance and related areas. Committees meet at least four times a year.

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Trustees report 24/25

P) Risk Management

The Trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity and are satisfied that systems and procedures are in place to mitigate our exposure to the major risks.

Senior management monitors the key risks on a day-to-day basis and assesses the controls used for managing those risks. The Board formally reviews and documents the principal risks facing the business. The Charity has a policy of being risk aware as opposed to risk averse.

The principal risks and uncertainties facing the Charity are as follows:

Q) Future Development

The charity has a main aim to empower people to achieve their full potential, to do this we have an established a Theory of Change (E) which identifies the critical enabling factors that are needed for the charity to be effective, our future developments is based on this model.

In May 2025 the trustees agreed a new strategic framework linking our strategic values:

to the new strategic objectives based on Growth, Impact and Resilience. They are:

R) Plans for future period

The charity has realistic plans for organic growth in the future period based on strong financial performance. We will seek to exploit new opportunities to further benefit our beneficiaries.

We are particularly hopeful that the journey to English devolution will mean a greater role in both the development and delivery of future programmes. We believe our experience and infrastructure makes us uniquely placed to deliver the most comprehensive offer in the region.

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S) Future public benefit

Demand for the work that we do is high, the rise in unemployment and economic inactivity means when our programmes work well, we can deliver public benefit on a larger scale. Our new strategy sets stretching targets to have more impact with 16-25 year olds, those economically inactive and unemployed beneficiaries.

The new programmes that we are developing will help get more people from these groups into work.

T) Statement of Trustees responsibility

The Trustees will ensure that the Charity continues to benefit the public by providing strong governance and the Senior Management Team will provide strong management responding where appropriate to any requirements laid down by the Charity Commission.

The trustees (who are also the directors of Inspira (01) for the purposes of company law) are responsible for preparing the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland". The report and accounts have been prepared in accordance with the provisions in the Companies Act 2006 relating to small companies.

Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including its income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that can disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

U) Disclosure of information to auditor

Each trustee has taken steps that they ought to have taken as a trustee in order to make themselves aware of any relevant audit information and to establish that the charity's auditor is aware of that information. The trustees confirm that there is no relevant information that they know of and of which they know the auditor is unaware.

V) Small companies provision statement

This report has been prepared in accordance with the small companies regime under the Companies Act 2006.

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Inspira (01)

Independent Auditor's Report to the Members of Inspira (01)

Opinion

We have audited the financial statements of Inspira (01) (the 'charity') for the year ended 31 March 2025, which comprise the Statement of Financial Activities, Balance Sheet, Statement of Cash Flows, and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is United Kingdom Accounting Standards, comprising Charities SORP - FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and applicable law (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, [and the provisions available for small entities, in the circumstances set out in note to the financial statements], and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

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Inspira (01)

Independent Auditor's Report to the Members of Inspira (01)

We have nothing to report in this regard.

Opinion on other matter prescribed by the Companies Act 2006

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the .

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the (set out on page ), the trustees ( who are also directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Auditor responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists.

Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

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Inspira (01)

Independent Auditor's Report to the Members of Inspira (01)

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

• We identified the laws and regulations applicable to the charity through discussions with trustees and other management, and from our commercial knowledge and experience of the sector;

• We assessed the extent of compliance with the laws and regulations identified as key to the entity through making enquiries of management and inspecting legal correspondence; and

• Identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.

We assessed the susceptibility of the charity's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

• Making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud;

• Considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations; and

• Reviewing the key areas of the financial statements most susceptible to fraud whilst tailoring our audit plans.

To address the risk of fraud through management bias and override of controls, we:

• Assessed whether judgements and assumptions made in determining the accounting estimates, such as the investment property valuation, were indicative of potential bias;

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

• Agreeing financial statement disclosures to underlying supporting documentation;

• Reading the minutes of meetings of those charged with governance;

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion,

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' report.

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Inspira (01)

Independent Auditor's Report to the Members of Inspira (01)

Use of our report

This report is made solely to the charitable company's trustees, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its trustees as a body, for our audit work, for this report, or for the opinions we have formed.

...................................... Suzanne Lomax FCA (Senior Statutory Auditor) For and on behalf of Beever and Struthers, Statutory Auditor

The Beehive Lions Drive Shadsworth Business Park Blackburn BB1 2QS

26 September 2025

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Inspira (01)

Statement of Financial Activities for the Year Ended 31 March 2025 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)

Note
Income and Endowments from:
Charitable activities
3
Investment income
4
Other income
5
Total income
Expenditure on:
Charitable activities
6
Total expenditure
Net income/(expenditure)
Other recognised gains and
losses
Gains/losses on revaluation of
fixed assets
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
20		 Unrestricted
funds
£
4,067,797
86,229
14,442
4,168,468
(4,084,223)
(4,084,223)
84,245
-
84,245
2,145,112
2,229,357		 Restricted
funds
£
1,512,930
-
-
1,512,930
(1,516,893)
(1,516,893)
(3,963)
-
(3,963)
13,754
9,791		 Total
2025
£
5,580,727
86,229
14,442
5,681,398
(5,601,116)
(5,601,116)
80,282
-
80,282
2,158,866
2,239,148		 Total
2024
£
5,230,590
89,801
16,952
5,337,343
(5,164,372)
(5,164,372)
172,971
59,000
231,971
1,926,895
2,158,866

All of the charity's activities derive from continuing operations during the above period. The funds breakdown for 2024 is shown in note 20.

The notes on pages 22 to 37 form an integral part of these financial statements. Page 19

Inspira (01)

(Registration number: 04182567) Balance Sheet as at 31 March 2025

Note
Fixed assets
Tangible assets
12
Investments
13
Current assets
Debtors
14
Cash at bank and in hand
15
Creditors: Amounts falling due within one year
16
Net current assets
Net assets
Funds of the charity:
Restricted income funds
Restricted funds
20
Unrestricted income funds
Unrestricted funds
Total funds
20		 2025
£
485,540
409,000
894,540
609,703
1,346,300
1,956,003
(611,395)
1,344,608
2,239,148
9,791
2,229,357
2,239,148		 2024
£
490,112
409,000
899,112
931,412
1,173,954
2,105,366
(845,612)
1,259,754
2,158,866
13,754
2,145,112
2,158,866

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The financial statements on pages 19 to 37 were approved by the trustees, and authorised for issue on 26 September 2025 and signed on their behalf by:

.........................................

Mark Bowman Trustee

The notes on pages 22 to 37 form an integral part of these financial statements. Page 20

Inspira (01)

Statement of Cash Flows for the Year Ended 31 March 2025

Note
Cash flows from operating activities
Net cash income
Adjustments to cash flows from non-cash items
Depreciation
Investment income
4
Fair value gain on investment property
Working capital adjustments
Decrease/(increase) in debtors
14
Decrease in creditors
16
Irrecoverable VAT
Net cash flows from operating activities
Cash flows from investing activities
Interest receivable and similar income
4
Purchase of tangible fixed assets
12
Net cash flows from investing activities
Cash flows from financing activities
Repayment of loans and borrowings
16
Net increase/(decrease) in cash and cash equivalents
Cash and cash equivalents at 1 April
Cash and cash equivalents at 31 March		 2025
£
80,282
82,101
(86,229)
-
76,154
321,709
(234,217)
-
163,646
86,229
(77,529)
8,700
-
172,346
1,173,954
1,346,300		 2024
£
231,970
87,600
(62,050)
(59,000)
198,520
(376,336)
(204,172)
52,016
(329,972)
62,230
(43,762)
18,468
(121,675)
(433,179)
1,607,133
1,173,954

All of the cash flows are derived from continuing operations during the above two periods.

The notes on pages 22 to 37 form an integral part of these financial statements. Page 21

Inspira (01)

Notes to the Financial Statements for the Year Ended 31 March 2025

1 Charity status

The charity is limited by guarantee, incorporated in , and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation.

The address of its registered office is: Castle View Gillan Way Penrith 40 Business Park Penrith Cumbria CA11 9BP

2 Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared in accordance with 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)) (issued in October 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Basis of preparation

Inspira (01) 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 notes.

The 2024 comparative figures presented within the financial statements include two presentational reclassification of balances previously reported within the notes to the financial statements. Bank interest income has been reclassified as investment income (2024: other income), and accrued income has been reclassified to prepayments and accrued income (2024: other debtors). These changes have been reflected in the notes to the financial statements, however this has not impacted the reported results for the prior year.

Going concern

At the balance sheet date, the charity had net current assets of £1,344,608, net assets of £2,239,148 and a strong cash position of £1,346,300.

The trustees have reviewed the financial position together with the post year end performance of the charity, and have deemed the going concern basis appropriate, Management and the trustees continue to monitor the cash position, and have confirmed that there is sufficient cash to pay liabilities as they fall due for at least 12 months from signing these financial statements.

Page 22

Inspira (01)

Notes to the Financial Statements for the Year Ended 31 March 2025

Judgements and key sources of estimation

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

Critical accounting estimates and assumptions:

The charity makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results.

Valuation of investment property

The charity carries its investment property at fair value, with changes in fair value being recognised in the Statement of Financial Activities. Management engaged an independent valuation specialist to determine fair value. The valuer used a valuation technique underpinned by rental yields, based on the open market value of the property.

Income and endowments

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Where contract income requires the charity to deliver on set performance criteria, income is recognised once the required conditions have been achieved.

Where the charity receives an upfront delivery fee in respect of a contract with attached performance conditions, delivery fee income is released once outcomes have been achieved over the life of the contract.

Grants are received from donors and other sponsors. For those that are to fund specific projects, these are held as restricted funds. Where a project is not finished within the financial year, the balance of grants, net expenditure to date, is carried forward as restricted funds.

Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.

Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use.

Support costs

Support costs are those costs incurred directly in support of expenditure on the objects of the charity and include project management carried out centrally.

Page 23

Inspira (01)

Notes to the Financial Statements for the Year Ended 31 March 2025

Governance costs

Charitable activities and Governance costs are costs incurred on the charity's operations, including support costs and costs relating to the governance of the charity apportioned to charitable activities.

Government grants

Government grants relating to tangible fixed assets are treated as deferred income and released to the Statement of financial activities over the expected useful lives of the assets concerned. Other grants are credited to the Statement of financial activities as the related expenditure is incurred.

Taxation

The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

Tangible fixed assets

Tangible assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Depreciation and amortisation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life on a straight line basis as follows:

Asset class Depreciation method and rate
Freehold property 40 years
Leasehold improvements in line with the lease term
Computer equipment 3 years
Equipment 3 years

Investment properties

Investment property is carried at fair value reviewed by the directors annually. The value is derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of Financial Activities.

Trade debtors

Trade debtors and other debtors are amounts due from customers for services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.

Page 24

Inspira (01)

Notes to the Financial Statements for the Year Ended 31 March 2025

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Trade creditors are recognised at the transaction price.

Provisions

Liabilities are recognised when there is an obligation at the Balance sheet 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.

Fund structure

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Hire purchase and finance leases

Rentals paid under operating leases are charged to the Statement of financial activities on a straight line basis over the lease term.

Pensions and other post retirement obligations

The charity operates a defined contribution pension scheme for certain employees and the pension charge represents the amounts payable by the charity to the fund in respect of the year.

Financial instruments

Classification

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Page 25

Inspira (01)

Notes to the Financial Statements for the Year Ended 31 March 2025

3 Income from charitable activities

Young People
Adults and Employability
Other
Young People
Adults and Employability
Other
4
Investment income
Interest receivable and similar income;
Interest receivable on bank deposits
Rental income
The 2024 investment income was all unrestricted.
5
Other income
Other income
The 2024 other income was all unrestricted.		 Unrestricted
funds
General
£
1,698,765
2,184,277
184,755
4,067,797
Unrestricted
funds
General
£
2,207,970
2,068,680
248,616
4,525,266
Unrestricted
funds
General
£
49,142
37,087
86,229
Unrestricted
funds
General
£
14,442		 Restricted
funds
£
100,000
1,285,360
127,570
1,512,930
Restricted
funds
£
-
624,439
80,885
705,324
Total
2025
£
49,142
37,087
86,229
Total
2025
£
14,442		 Total
2025
£
1,798,765
3,469,637
312,325
5,580,727
Total
2024
£
2,207,970
2,693,119
329,501
5,230,590
Total
2024
£
62,230
27,571
89,801
Total
2024
£
16,952

Page 26

Inspira (01)

Notes to the Financial Statements for the Year Ended 31 March 2025

6 Expenditure on charitable activities

Note
Direct costs
Allocated support costs
Governance costs
7
Note
Direct costs
Allocated support costs
Governance costs
7
Direct costs
Direct costs		 Unrestricted
funds
General
£
3,532,687
510,651
40,885
4,084,223
Unrestricted
funds
General
£
3,844,935
555,099
44,818
4,444,852
Activity
undertaken
directly
£
5,049,580
Activity
undertaken
directly
£
4,564,455		 Restricted
funds
£
1,516,893
-
-
1,516,893
Restricted
funds
£
719,520
-
-
719,520
Activity
support costs
£
551,536
Activity
support costs
£
599,917		 Total
2025
£
5,049,580
510,651
40,885
5,601,116
Total
2024
£
4,564,455
555,099
44,818
5,164,372
2025
£
5,601,116
2024
£
5,164,372

Page 27

Inspira (01)

Notes to the Financial Statements for the Year Ended 31 March 2025

Analysis of direct costs

Analysis of direct costs
Wages and salaries
Subcontractor costs
Direct project costs
Travel and motor expenses
Advertising, conventions and shows
Bank charges
Property costs
Meeting room hire and refreshments
Quality
and
performance
management
Wages and salaries
Subcontractor costs
Direct project costs
Irrecoverable VAT
Travel and motor expenses
Vehicle leasing charges
Advertising, conventions and shows
Bank charges
Property costs
Meeting room hire and refreshments
Quality
and
performance
management		 Direct Costs
2025
£
3,733,055
676,107
264,677
78,753
36,426
2,775
204,103
37,503
16,181
5,049,580
Direct Costs
2024
£
3,716,762
308,283
99,864
55,245
81,566
96
21,710
2,861
238,159
30,282
9,627
4,564,455		 Total Funds
2025
£
3,733,055
676,107
264,677
78,753
36,426
2,775
204,103
37,503
16,181
5,049,580
Total Funds
2024
£
3,716,762
308,283
99,864
55,245
81,566
96
21,710
2,861
238,159
30,282
9,627
4,564,455

Page 28

Inspira (01)

Notes to the Financial Statements for the Year Ended 31 March 2025

Analysis of support costs

Analysis of support costs
Wages and salaries
Depreciation
Office expenses
Audit and accountancy
Legal and professional
Trade subscriptions
Sundry expenses
Irrecoverable VAT
Wages and salaries
Depreciation
Office expenses
Interest payable
Audit and accountancy
Legal and professional
Trade subscriptions
Sundry expenses
Irrecoverable VAT		 Support
costs
2025
£
91,007
83,157
182,677
17,000
23,885
3,591
83,716
66,503
551,536
Support
costs
2024
£
100,576
61,371
256,154
1,597
15,075
29,743
300
83,085
52,016
599,917		 Total
Funds
2025
£
91,007
83,157
182,677
17,000
23,885
3,591
83,716
66,503
551,536
Total
Funds
2024
£
100,576
61,371
256,154
1,597
15,075
29,743
300
83,085
52,016
599,917

In addition to the expenditure analysed above, there are also governance costs of £40,885 (2024 - £44,818) which relate directly to charitable activities. See note 7 for further details.

Page 29

Inspira (01)

Notes to the Financial Statements for the Year Ended 31 March 2025

7 Analysis of governance and support costs

Governance costs

Audit fees
Audit of the financial statements
Legal and professional fees		 Unrestricted
funds
General
£
17,000
23,885
40,885		 Total
2025
£
17,000
23,885
40,885		 Total
2024
£
15,075
29,743
44,818

8 Trustees remuneration and expenses

No trustees received payment for their role as a trustee.

One trustee received remuneration of £91,077 (2024: £89,464) during the year for their role as chief executive officer.

No trustees have received any reimbursed expenses from the charity during the year.

9 Staff costs

The aggregate payroll costs were as follows:

Staff costs during the year were:
Wages and salaries
Social security costs
Contribution to defined contribution pension schemes		 2025
£
3,301,159
296,458
226,490
3,824,107		 2024
£
3,288,946
294,187
234,206
3,817,339

The monthly average number of persons (including senior management / leadership team) employed by the charity during the year expressed as full time equivalents was as follows:

2025
No
Employees
110
The number of employees whose emoluments fell within the following bands was:
2025
No
£80,001 - £90,000
-
£90,001 - £100,000
1		 2024
No
114
2024
No
1
-

Page 30

Inspira (01)

Notes to the Financial Statements for the Year Ended 31 March 2025

Key management personnel for the year was comprised of 4 people (2024: 4). The total employee benefits of the key management personnel of the charity were £264,553 (2024 - £314,520).

10 Auditors' remuneration

10 Auditors' remuneration
Other fees to auditors
The auditing of accounts of any associate of the charity
All other non-audit services		 2025
£
14,500
2,500
17,000		 2024
£
14,800
4,500
19,300

11 Taxation

The income and gains of the charity are exempt from taxation to the extent that they are applied to its charitable objectives.

12 Tangible fixed assets

Cost
At 1 April 2024
Additions
Disposals
At 31 March 2025
Depreciation
At 1 April 2024
Charge for the year
Eliminated on
disposals
At 31 March 2025
Net book value
At 31 March 2025
At 31 March 2024		 Land and
buildings
£
473,951
-
-
473,951
97,776
10,579
-
108,355
365,596
376,175		 Furniture and
equipment
£
137,140
50,826
(72,145)
115,821
91,287
33,242
(72,145)
52,384
63,437
45,853		 Computer
equipment
£
437,023
12,115
(258,675)
190,463
387,336
30,347
(258,675)
159,008
31,455
49,687		 Long-term
leasehold
property
improvements
£
219,192
14,588
(106,896)
126,884
200,795
7,933
(106,896)
101,832
25,052
18,397		 Total
£
1,267,306
77,529
(437,716)
907,119
777,194
82,101
(437,716)
421,579
485,540
490,112

Page 31

Inspira (01)

Notes to the Financial Statements for the Year Ended 31 March 2025

13 Fixed asset investments

13 Fixed asset investments
Investment properties
Investment properties
Cost or Valuation
At 1 April 2024
Provision
At 31 March 2025
Net book value
At 31 March 2025
At 31 March 2024		 2025
£
409,000		 2024
£
409,000
Investment
properties
£
409,000
-
409,000
409,000

The fair value is based on the valuation undertaken by Hyde Harrington, a firm of Chartered Surveyors in March 2024. The basis for valuation is an open market value. The trustees view is that this valuation is equally applicable at 31 March 2025.

14 Debtors

Trade debtors
Prepayments and accrued income
15 Cash and cash equivalents
Cash at bank		 2025
£
206,937
402,766
609,703
2025
£
1,346,300		 2024
£
475,773
455,639
931,412
2024
£
1,173,954

Page 32

Inspira (01)

Notes to the Financial Statements for the Year Ended 31 March 2025

16 Creditors: amounts falling due within one year

Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred income		 2025
£
79,374
208,292
33,654
290,075
611,395		 2024
£
86,815
175,010
194
583,593
845,612

Total deferred income of £407,558 (2024: £608,693) was brought forward of which £407,558 (2024: £278,773 was released in the year. At the balance sheet date there was £166,510 (2024: £407,558) of deferred income included within accruals and deferred income.

17 Obligations under leases and hire purchase contracts

Operating lease commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

Other
Within one year
Between one and five years		 2025
£
4,567
7,993
12,560

18 Pension and other schemes

Defined contribution pension scheme

The charity operates a defined contribution pension scheme. The assets of the scheme are held seperately from those of the group in an independently administered fund. The pension cost charge in note 10 represents contributions payable by the charity to the fund. At the balance sheet date £33,654 (2024: £194) was payable to the fund and is included in other creditors.

19 Contingent liabilities

The charity occupies several leased properties, and there may be dilapidation costs accrued on these leases. The Trustees at this stage do not have a reliable estimate of these costs to make any necessary provision. The intention of the Trustees is to obtain further clarifications of any dilapidation costs in the coming year.

Page 33

Inspira (01)

Notes to the Financial Statements for the Year Ended 31 March 2025

20 Funds

Unrestricted funds
General
Unrestricted funds
Restricted funds
UKSPF - W&F
UKSPF - Cumberland
UKSPF - Link
UKSPF - Launchpad
UKSPF - Partnership
UKSPF - NHS
Multiply - Lancs
Multiply - Cumbria
Food W&F
Eden Youth
NEET PDP
Total restricted funds
Total funds		 Balance at 1
April 2024
£
2,145,111
-
-
-
-
-
-
-
-
-
3,970
9,784
13,754
2,158,865		 Incoming
resources
£
4,168,469
456,457
293,200
100,000
100,000
230,000
50,000
101,203
104,500
17,056
35,730
24,784
1,512,930
5,681,399		 Resources
expended
£
(4,084,223)
(456,457)
(293,200)
(100,000)
(100,000)
(230,000)
(50,000)
(101,203)
(104,500)
(7,265)
(39,700)
(34,568)
(1,516,893)
(5,601,116)		 Balance at 31
March 2025
£
2,229,357
-
-
-
-
-
-
-
-
9,791
-
-
9,791
2,239,148

Eden Youth Project

The Eden Youth project is funded by Westmorland & Furness Council to proactively engage with individuals within the Eden area through a programme of engagement/activity. Budgeting & Debt Advice Employer Recruitment group sessions, open drop in, mentoring job and life skills training. Clients who are disengaged, disadvantaged and are isolated young people in the margins of the community and society where engagement is required prior to any conversation around work needs can take place, which can only be beneficial after the removal of barriers identified. The work will include clients living in the outlying towns in Eden where transport into Penrith is a challenge and digital isolation is an issue.

Copeland Community Fund - Self-Employment

Funded through the Copeland Community Fund and working in partnership with the "Money Education Support Service" Inspira run a support programme to help candidates in Copeland explore selfemployment as a sustainable career option. The 4 week class room based programme will help individuals set up a business plan, explore financial planning and marketing, set up a website or Facebook page, understand the legal side of starting up a small business and educate people in sales and customer service. The programme will then support people for an additional 4 months on a one to one basis managing budgets and benefit payment until the business is at a financially viable stage.

Page 34

Inspira (01)

Notes to the Financial Statements for the Year Ended 31 March 2025

Selnet

Funded by the Building Better Opportunities Programme, via Selnet Limited, the project aims to engage and inspire the most disadvantaged young people resident in the Lancashire LEP area. It will target 16-24 year olds who are unemployed or economically inactive with multiple social, emotional and economic barriers. It will provide a personalised approach to address a wide range of needs and barriers to move participants closer to employment.

UK Shared Prosperity Funds

Funded by the UKSPF, via local councils, the project addresses several issue and needs impacting upon the local labour market and the economic prospects of residents by providing unemployed/economically inactive participants with focused, practical support to boost their employability and help them move quickly into jobs. Each programme is tailored to the needs of an individual employer or local growth sector.

Multiply

Multiply is the Government's numeracy programme delivered through the UK Shared Prosperity Fund. The Local approach is to enable local areas to deliver bespoke adult numeracy interventions and carry out Evaluation - Build the evidence base on "what works" in improving functional adult numeracy.

N EET PDP

Funded by the Cumbria Community Foundation, this programme provides support and personal development opportunities for NEET young people to help improve their confidence and resilience and to re-engage and move them towards training and/or work.

Food W&F

The lunch provision programme, funded by Westmorland and Furness Council, is designed to support individuals participating in Inspira programmes who are unemployed or economically inactive. These individuals typically have low incomes, limited employment.

Unrestricted funds
General
Unrestricted funds
Restricted
Self Employed
Selnet
UKSPF - Copeland
UKSPF - W&F
UKSPF - Cumberland
Multiply - Lancs
Multiply - Cumbria
Eden Youth
NEET PDP
Total restricted funds
Total funds		 Balance at 1
April 2023
£
1,898,945
6,769
4,457
16,724
-
-
-
-
-
-
27,950
1,926,895		 Incoming
resources
£
4,609,956
5,340
(172)
31,446
183,346
144,000
117,428
181,509
49,491
15,000
727,388
5,337,344		 Resources
expended
£
(4,422,789)
(12,109)
(4,285)
(48,170)
(183,346)
(144,000)
(117,428)
(181,509)
(45,521)
(5,216)
(741,584)
(5,164,373)		 Transfers
£
59,000
-
-
-
-
-
-
-
-
-
-
59,000		 Balance at
31 March
2024
£
2,145,112
-
-
-
-
-
-
-
3,970
9,784
13,754
2,158,866

Page 35

Inspira (01)

Notes to the Financial Statements for the Year Ended 31 March 2025

21 Analysis of net assets between funds

21 Analysis of net assets between funds
Tangible fixed assets
Fixed asset investments
Current assets
Current liabilities
Total net assets
Tangible fixed assets
Fixed asset investments
Current assets
Creditors over 1 year
Total net assets
22 Analysis of net funds
Cash at bank and in hand
Net funds
Cash at bank and in hand
Debt due within one year
Debt due after more than one year
Net funds		 Unrestricted
funds
General
£
485,540
409,000
1,936,421
(601,604)
2,229,357
Unrestricted
funds
General
£
490,111
409,000
2,053,373
(807,372)
2,145,112
At 1 April
2024
£
1,173,954
1,173,954
At 1 April
2023
£
1,607,133
(30,250)
(40,662)
1,536,221		 Restricted
funds
£
-
-
19,582
(9,791)
9,791
Restricted
funds
£
-
-
51,994
(38,240)
13,754
Financing cash
flows
£
172,346
172,346
Financing cash
flows
£
(433,179)
30,250
40,662
(362,267)		 Total funds at
31 March
2025
£
485,540
409,000
1,956,003
(611,395)
2,239,148
Total funds at
31 March
2024
£
490,111
409,000
2,105,367
(845,612)
2,158,866
At 31 March
2025
£
1,346,300
1,346,300
At 31 March
2024
£
1,173,954
-
-
1,173,954

Page 36

Inspira (01)

Notes to the Financial Statements for the Year Ended 31 March 2025

23 Related party transactions

The charity received £7,250 from two schools which are members of the Cumbria Education Trust. A trustee is the chair of the Trust.

£4,000 was received from Workington Academy and £3,250 was received from Queen Katherine School.

In 2024, the charity also paid £4,000 for membership costs for 2023/24 and 2024/25 to Careers England, a charitable company where a trustee is also a director as well as £4,400 for services provided by Cartmell Shepherd, a legal firm where a former trustee was also an employee.

Other related party transactions are disclosed in notes 8 and 9.

24 Controlling party

The ultimate controlling party of the charity is the Board of Trustees.

25 Prior year Statement of Financial Activities

Note
Income and Endowments from:
Charitable activities
3
Investment income
4
Other income
5
Total income
Expenditure on:
Charitable activities
6
Total expenditure
Net income/(expenditure)
Other recognised gains and losses
Gains/losses on revaluation of fixed assets
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
20		 Unrestricted
funds
£
4,525,266
89,801
16,952
4,632,019
(4,444,852)
(4,444,852)
187,167
59,000
246,167
1,898,945
2,145,112		 Restricted
funds
£
705,324
-
-
705,324
(719,520)
(719,520)
(14,196)
-
(14,196)
27,950
13,754		 Total
2024
£
5,230,590
89,801
16,952
5,337,343
(5,164,372)
(5,164,372)
172,971
59,000
231,971
1,926,895
2,158,866

Page 37