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The Inspire Football Foundation
Report and Accounts
year ended 2020
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## **THE INSPIRE FOOTBALL FOUNDATION**
## **CHARITY INFORMATION**
## **FOR THE YEAR ENDED 31 DECEMBER 2020**
**Trustees** Robert Moffett Dave Gooderidge Tim Paternoster Ian Clark John Thorrington (appointed 20 January 2021) Gavin Mclaughlan (appointed 20 January 2021) **Governing Document** Constitution registered 4 October 2018 **Charity Registration Number** 1180176 **Principal Address** 16 Baynards Crescent Kirby Cross Frinton-on-Sea Essex CO13 0QS **Independent Examiner** Ajay Rajani FCIE Stewardship 1 Lamb's Passage London EC1Y 8AB **Bankers** CAF Bank
## **Bankers**
|**Contents**|**Page**|
|---|---|
|Charity Information|1|
|Trustees' Annual Report|2-4|
|Independent Examiner's Report|5|
|Statement of Financial Activities|6|
|Balance Sheet|7|
|Notes to the Accounts|8-11|
|Detailed Statement of Financial Activities|12|
Page 1
## **THE INSPIRE FOOTBALL FOUNDATION**
## **TRUSTEES' ANNUAL REPORT**
## **FOR THE YEAR ENDED 31 DECEMBER 2020**
The trustees have pleasure in submitting the Report and Accounts for the year. The charity was registered as a charitable incorporated organisation on 4 October 2018; the charity received its first donation in January 2019, which is when the charity's activities commenced in earnest.
The Inspire Football Foundation is a UK charity that works closely with our partner organisation, the Inspire Indonesia Foundation, based in Indonesia. Together we work to change the lives of young people in Indonesia and across the far east through the medium of football. We run sports centres, where we train young people to enjoy football and at the same time to learn important life skills. We also train coaches, who are equipped to pass on the ethos of Inspire Foundation within their own communities, both inside Indonesia and across the far east.
## **Objects of the charity**
The charity is a charitable incorporated organisation and is governed by its Constitution. The objects of the charity, as set out in the governing document are:
a) to act as a resource for young people by providing assistance and organising programmes of physical, educational and other activities as a means of advancing them in life and helping them to develop their skills, capacities and capablilities to enable them to participate in society as independent, mature and responsible individuals; and
b) providing recreational and leisure time activity in the interests of social welfare for people who have need of such activities by reason of their youth, age, infirmity or disability, poverty or social and economic circumstances with a view to improving the conditions of life of such persons.
## **Summary of the charity's main activities and achievements**
To further the above objects and vision, the charity's main activities and achievements were as follows:
We started 2020 excited to see how the grants we make to Inspire Indonesia could be used to help grow its work with new opportunities opening up for them in various parts of Asia. Inspire Indonesia had aligned its programmes to help meet the United Nations Sustainable Development Goals and they looked for new partners to grow their work; then in the early part of the year it became apparent that life was going to change. Covid-19 was starting to take a grip within Asia and in March Indonesia was forced into lockdown measures. Inspire Indonesia shifted its focus to using online platforms and embracing new technologies like zoom, apps and webinars that all helped them encourage, train and equip their partners and support their players, throughout the region.
As the pandemic lasted longer than we hoped the board of Inspire Football Foundation stood with our partner Inspire Indonesia and collectively we were able to raise over $10,000 for care packages that helped people in need at this time. Also, the pandemic also shone a light on the inequalities within society, the rich got richer, gender-based violence increased and rich countries bought up vaccines meaning the effects of Covid-19 would hit the poorest for longer. Young people were left without the opportunities to receive schooling and the mental health effect of lockdown measures on young people will only be known in the years to come. It was at this time that football for development programs was needed more than ever.
Even in the midst of these challenging times Inspire Indonesia continued to impact young people and impacted 37,984 young people. As we emerge from Covid-19 sadly Indonesia is still in the midst of this pandemic and we will stand with our partner so they can help the people on the ground that need it during this time.
Page 2
## **THE INSPIRE FOOTBALL FOUNDATION**
## **TRUSTEES' ANNUAL REPORT**
## **FOR THE YEAR ENDED 31 DECEMBER 2020**
## **Summary of the charity's main activities and achievements continued**
For Inspire Indonesia, the highlights from 2020 were:
- Pledge United training with 40 coaches in Chennai in India in March.
- The first-ever KNVB WorldCoaches online course in Indonesia in July.
- Inspire is selected to run a programme for the King and Queen of Holland.
- Inspire hosts a webinar about sports role in helping prevent gender-based violence with panellists from UNESCO, KNVB, Lauerus and the Dutch Ambassador.
- 14 of the girls' team gain full scholarships to attend University.
- Inspire launched the Second Chance Cafe a cafe that teaches young offenders who come through their academy in a local prison with a job to help them transition from prison to normal life.
Being a new charity, in our second year of existence to have had to navigate a global pandemic and economic crisis we are delighted that Inspire is still in existence and that we have been able to continue to support the work of Inspire Indonesia to impact, and help build back, a better society.
In planning activities the Trustees have applied the guidance on public benefit issued by the Charity Commission.
## **Structure, Governance and Management**
Responsibility for setting policy and for making operating decisions rests with the trustees who meet regularly to monitor the activities of the charity. New trustees are recruited and appointed by the existing trustees, by a majority vote.
## **Financial review**
The charity's income this year was £197,626 (2019: £252,355) and its expenditure was £289,026 (2019: £130,488). Most of the charity's income is restricted and can only be used to support the work of Inspire Indonesia. During the year the charity paid grants from some of the income received in the previous year and so this year's expenditure is more this year's income. In total the charity paid out grants totalling £285,051 (2019: £124,722) which, in 2020, was paid entirely to Inspire Indonesia. As a result the charity has reported a deficit of £91,399 (2019: a surplus of £121,867) and net assets fell by this amount to £30,468. Net assets included cash of £34,308, of which £8,937 was unrestricted.
## **Reserves policy**
The charity's principal activity is grant making and this is not expected to exceed the restricted funds held by the charity. The charity has relatively low overheads and the trustees are satisfied that the unrestricted cash held at the end of the period, which was £8,937, is an adequate reserve.
## **Covid-19**
The COVID-19 pandemic had a significant impact on the work of Inspire Indonesia. Social distancing requirements mean that all football coaching activities had to be suspended for a while but, as of November 2020, most activities had resumed. So far the trustees have not noticed any impact in the level of donations received by the charity here in the UK and are confident that the charity will be able to continue to support the work of Inspire Indonesia.
Page 3
## **THE INSPIRE FOOTBALL FOUNDATION**
## **TRUSTEES' ANNUAL REPORT**
## **FOR THE YEAR ENDED 31 DECEMBER 2020**
## **Key risks and uncertainties**
The charity is exposed to various risks - be they operational, financial or reputational. The trustees review the charity's activities regularly to identify significant risks and, where possible, they take appropriate measures to mitigate those risks.
## **Plans for the future**
Going forward the charity plans to continue to support The Inspire Indonesia Foundation.
## **Responsibilities of trustees under charity law**
The trustees are responsible for preparing the trustees' annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Charity law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charity as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the financial year. In preparing these financial statements, the trustees are required to:
1. select suitable accounting policies and apply them consistently;
2. observe the methods and principles in the Charities SORP;
3. make judgements and estimates that are reasonable and prudent;
4. state whether the applicable accounting standards have been followed, subject to any material departures
disclosed and explained in the financial statements; and
5. prepare the financial statements on a going concern basis unless it is inappropriate to presume that the
charity will continue in operation.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011 and the Charity (Accounts and Reports) Regulations 2008. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
## **Approval**
This report was approved by the trustees and signed on their behalf by:
Robert Moffett
Date: 25 October 2021
Page 4
## **INDEPENDENT EXAMINER'S REPORT**
## **TO THE TRUSTEES OF**
## **THE INSPIRE FOOTBALL FOUNDATION**
## **('the Charity')**
I report to the charity trustees on my examination of the accounts of the Charity for the period ended 31 December 2020 on pages 6 to 12 following, which have been prepared on the basis of the accounting policies set out on pages 8 to 9.
## **Responsibilities and basis of report**
As the charity’s trustees of the charitable incorporated organisation you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner’s statement**
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the Charity as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Ajay Rajani FCIE Stewardship 1 Lamb's Passage London EC1Y 8AB
26 October 2021
Page 5
## **THE INSPIRE FOOTBALL FOUNDATION**
## **STATEMENT OF FINANCIAL ACTIVITIES**
## **FOR THE YEAR ENDED 31 DECEMBER 2020**
|Note
**INCOME AND ENDOWMENTS FROM:**
Donations and legacies
3
**Total income and endowments**
**EXPENDITURE ON:**
Charitable activities
4
**Total expenditure**
**Net income/(expenditure)**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**
8|Unrestricted
Funds
£
6,650
6,650
3,775
3,775
2,875
2,875
2,222
5,097|Restricted
Funds
£
190,976
190,976
285,251
285,251
(94,274)
(94,274)
119,645
25,371|Total
Funds
2020
£
197,626
197,626
289,026
289,026
(91,399)
(91,399)
121,867
30,468|Total
Funds
2019
£
252,355|
|---|---|---|---|---|
|||||252,355|
|||||130,488|
|||||130,488|
||||||
|||||121,867|
|||||121,867
-|
|||||121,867|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing operations.
The notes on page 8-12 form part of these accounts.
Page 6
## **THE INSPIRE FOOTBALL FOUNDATION**
## **BALANCE SHEET**
## **AS AT 31 DECEMBER 2020**
|Note
**CURRENT ASSETS**
Cash at bank and in hand
6
**CREDITORS: Amounts falling**
**due within one year**
7
**Net current assets / (liabilities)**
**Total assets less current liabilities**
**TOTAL NET ASSETS**
**FUND BALANCES**
8
Unrestricted Funds
General funds
Restricted Funds|Unrestricted
Funds
£
8,937
8,937
(3,840)
5,097
5,097
5,097
5,097
5,097
-
5,097|Restricted
Funds
£
25,371
25,371
-
25,371
25,371
25,371
-
-
25,371
25,371|Total
Funds
2020
£
34,308
34,308
(3,840)
30,468
30,468
30,468
5,097
5,097
25,371
30,468|Total
Funds
2019
£
123,787|
|---|---|---|---|---|
|||||123,787
(1,920)|
|||||121,867|
||||||
|||||121,867|
|||||121,867|
|||||2,222|
|||||2,222
119,645|
|||||121,867|
The financial statements were approved by the Board of Trustees and were signed on its behalf by:
Robert Moffett
Date: 25 October 2021
Charity number: 1180176
The notes on page 8-12 form part of these accounts.
Page 7
## **THE INSPIRE FOOTBALL FOUNDATION**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 DECEMBER 2020**
## **1 Statutory Information**
The charity is a charitable incorporated organisation registered with the Charity Commission in England & Wales. The charity's registered number and principal address can be found on the Charity Information page.
## **2 Accounting Policies**
These financial statements are prepared on a going concern basis, under the historical cost convention.
These financial statements have been prepared in accordance with the "Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) ("the Charities SORP"), with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland ("FRS 102") and with the Charities Act 2011. The charity meets the definition of a public benefit entity as set out in FRS 102.
The Charities (Accounts and Reports) Regulations 2008 (the '2008 Regulations') requires charities to prepare their accounts in accordance with 'Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005' but this accounting standard has since been withdrawn and has been replaced by the Charities SORP mentioned in the preceding paragraph. The charity has prepared these financial statements in accordance with the new Charities SORP; this departure from the 2008 Regulations is believed to be necessary for these financial statements to give a 'true and fair view'.
The charity registered as a charitable incorporated organisation on 4 October 2018 and the comparatives presented in these accounts are in respect of the 15 month period ended 31 December 2019. The charity received its first donation in January 2019, which is when the charity's activities commenced in earnest.
The principles adopted in the preparation of the financial statements are set out below.
## a) Going concern
The trustees have assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the charity to continue as a going concern. The trustees have made this assessment for a period of at least one year from the date of approval of the financial statements. In particular the trustees have considered the charity's forecasts and projections and the possible implications should projected income and / or expenditure vary unexpectedly. The trustees have concluded that there is a reasonable expectation that the charity has adequate resources to continue to operate for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements. In making this assessment the trustees have considered how Covid-19 might affect projections.
## b) Income
Income including investment income is recognised in the period in which the charity becomes entitled to receipt, the amount receivable can be measured with reasonable certainty, and receipt is probable. For the most part, income is generally recognised when it is received. Income is only deferred when the charity has to fulfil conditions before becoming entitled to it or where the donor has specified that the income is to be expended in a future period.
The charity relies on volunteers to carry out many of its activities. However, in accordance with the SORP, the value of these services has not been included in these financial statements as they cannot be reliably measured.
## c) Expenditure
Expenditure, including irrecoverable VAT, is recognised when it is incurred or, if earlier, when a legal or constructive obligation for a payment arises provided that it is probable that settlement will be required and the amount of the obligation can be measured reliably.
The charity makes grants to other institutions and individuals to further its charitable objectives. Grants payable are recognised as constructive obligations arise, which is generally when the charity expresses a commitment to the recipient that can be measured reliably and then only to the extent that any conditions associated with the grant are outside of the control of the charity.
The cost of raising funds is not significant and has not been separately disclosed.
Governance costs, which are included in expenditure on charitable activities but are identified separately in the notes to the accounts, includes costs associated with the independent examination of the financial statements, compliance with constitutional and statutory requirements and any other expenditure incurred on the strategic management of the charity.
Page 8
## **THE INSPIRE FOOTBALL FOUNDATION**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 DECEMBER 2020**
## d) Fund accounting
- 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. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. Restricted funds are donations which are to be used in accordance with specific restrictions imposed by donors; they include donations received from appeals for specific activities or projects.
- g) Taxation The charity has taken advantage of the various reliefs from taxation available to charities and no tax is payable on the charity's income.
## h) Financial instruments
- The charity's financial assets and financial liabilities all qualify as basic financial instruments, as defined by FRS102. Creditors and debtors are measured at their expected settlement value (normally the amount of cash that the charity expects to pay or receive).
## i) Foreign currency translation
These financial statements are presented in sterling, which is the charity's functional currency.
- i) Income and expenditure denominated in a foreign currency is translated into sterling at the exchange rate prevailing on the date of the transaction.
- ii) Monetary assets and liabilities denominated in a foreign currency are re-translated at the exchange rate prevailing at the balance sheet date.
- iii) Non-monetary assets are measured at historic cost at the rate of exchange prevailing on the date of the transaction and are not subsequently re-translated.
All differences arising from the application of the above policy are charged (or credited) to the Statement of Financial Activities.
## j) Exemption from preparing a cashflow statement
The charity has taken advantage of an exemption conferred by the Charities SORP and has not prepared a cash flow statement.
## k) Critical accounting estimates and areas of judgement
The trustees do not consider that there are any material sources of estimation or uncertainty at the balance sheet date that could result in a material adjustment to the carrying values of assets and liabilities in the next reporting period.
## **3 Donations**
|Donations of cash and similar
**4**
**Charitable expenditure**
**a**
**Costs incurred directly on specific activities**
Travel and expenses
Miscellaneous expenses
Grants payable (note 4c)
**b**
**Costs incurred on support & administration**
Governance costs
Independent examiner's fee
**Total expenditure**|2020
£
197,626
197,626
2020
£
1,855
200
285,051
287,106
1,920
289,026|2019
£
252,355|
|---|---|---|
|||252,355|
|||2019
£
3,576
270
124,722|
|||128,568
1,920|
|||130,488|
Page 9
## **THE INSPIRE FOOTBALL FOUNDATION**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 DECEMBER 2020**
## **4c Grants payable**
|**Grants payable**|||||
|---|---|---|---|---|
|Grants to promote physical education and social welfare,
using the medium of sport, among young people
The charity's principal grants to institutions comprised:
Inspire Indonesia
Ambassador Football|Institutions
£
285,051|Individuals
£
-|2020
£
285,051
2020
£
285,051
-
285,051|2019
£
124,722|
|||||2019
£
108,422
16,300|
|||||124,722|
## **5 Staff costs, the cost of key management personnel, trustee remuneration and trustee expenses**
The charity did not employ any staff during the year. All of the charity's activities are carried out by volunteers.
No staff received salaries at a rate of more than £60,000 per annum.
The charity's key management comprise the trustees named on the Charity Information page.
During the year no expenses (2019: £171) were paid to, or for, the trustees. Except for the expenses paid in 2019, there were no other transactions with related parties in 2019 and 2020.
## **6 Cash at Bank and in Hand**
|Cash at bank with immediate access
**itors: liabilities falling due within one year**
Accruals|2020
£
34,308
34,308
2020
£
3,840
3,840|2019
£
123,787|
|---|---|---|
|||123,787|
|||2019
£
1,920|
|||1,920|
## **7 Creditors: liabilities falling due within one year**
## **8 Funds**
During the year the movements in the charity's funds were as follows:
|_Restricted Funds_
Inspire Indonesia
_General Unrestricted Funds_
Aggregate of funds|Opening
balance
2020
£
119,645
2,222
121,867|Incoming
resources
2020
£
190,976
6,650
197,626|Outgoing
resources
2020
£
(285,251)
(3,775)
(289,026)|Transfers
in the year
2020
£
-
-
-|Closing
balance
2020
£
25,371
5,097|
|---|---|---|---|---|---|
||||||30,468|
Page 10
## **THE INSPIRE FOOTBALL FOUNDATION**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 DECEMBER 2020**
## **8 Funds continued**
## **Analysis of net assets by fund**
The assets and liabilities of the various funds were as follows:
|General
Designated
funds
funds
£
£
Cash at bank and in hand
8,937
-
Creditors falling due within one year
(3,840)
-
5,097
-
In the previous year the movements in the charity's funds were as follows:
Opening
Incoming
Outgoing
balance
resources
resources
2019
2019
2019
£
£
£
_Restricted Funds_
Inspire Indonesia
-
229,055
(109,410)
Ambassadors in Football
-
16,300
(16,300)
-
245,355
(125,710)
_Unrestricted funds_
-
7,000
(4,778)
_Aggregate of funds_
-
252,355
(130,488)
Unrestricted Funds|Restricted
funds
£
25,371
-
25,371
Transfers
in the year
2019
£
-
-
-
-
-|2020
£
34,308
(3,840)|
|---|---|---|
|||30,468|
|||Closing
balance
2019
£
119,645
-|
|||119,645
2,222|
|||121,867|
## _**Analysis of net assets by fund**_
In the previous year, the assets and liabilities of the various funds were as follows:
|Cash at bank and in hand
Creditors falling due within one year||General
Designated
funds
funds
£
£
4,142
-
(1,920)
-
2,222
-
Unrestricted Funds|Restricted
funds
£
119,645
-
119,645|2019
£
123,787
(1,920)|
|---|---|---|---|---|
|||General
funds
£
4,142
(1,920)
2,222|||
|||||121,867|
Page 11
## **THE INSPIRE FOOTBALL FOUNDATION**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES WITH COMPARATIVES**
## **FOR THE YEAR ENDED 31 DECEMBER 2020**
|Note
**INCOME AND ENDOWMENTS FROM:**
Donations and legacies
3
**Total income and endowments**
**EXPENDITURE ON:**
Charitable activities:
4
**Total Expenditure**
**Net income/(expenditure)**
**Transfers between funds**
8
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**
8|||General
Designated
2020
2020
£
£
6,650
6,650
-
3,775
3,775
-
2,875
-
-
-
2,875
-
2,222
-
5,097
-
Unrestricted funds|Restricted
2020
£
190,976
190,976
285,251
285,251
(94,274)
-
(94,274)
119,645
25,371|Total
2020
£
197,626
197,626
289,026
289,026
(91,399)
-
(91,399)
121,867
30,468|||General
Designated
2019
2019
£
£
7,000
7,000
-
4,778
4,778
-
2,222
-
-
-
2,222
-
-
-
2,222
-
Unrestricted funds|Restricted
2019
£
245,355
245,355
125,710
125,710
119,645
-
119,645
-
119,645|Total
2019
£
252,355
252,355
130,488
130,488
121,867
-
121,867
-
121,867|
|---|---|---|---|---|---|---|---|---|---|---|
||||General
2020
£
6,650
6,650
3,775
3,775
2,875
-
2,875
2,222
5,097||||||||
||||||||||||
||||||||||||
||||||||||||
||||||||||||
||||||||||||
||||||||||||
||||||||||||
||||||||||||
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