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2024-12-31-accounts

The Inspire Football Foundation Report and Accounts

year ended 31 December 2024

THE INSPIRE FOOTBALL FOUNDATION

CHARITY INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2024

Trustees Robert Moffett (resigned April 2024) Tim Paternoster Ian Clark John Thorrington Gavin Mclaughlan Matthew Oliver Albert Ras (appointed March 2024) 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 Sarah Crispin ACA Stewardship 1 Lamb's Passage London EC1Y 8AB Bankers CAF Bank

Bankers

Contents Page
Charity Information 1
Trustees' Annual Report 2-5
Independent Examiner's Report 6
Statement of Financial Activities 7
Balance Sheet 8
Notes to the Accounts -1
Detailed Statement of Financial Activities with Comparatives 1

Page 1

THE INSPIRE FOOTBALL FOUNDATION

TRUSTEES' ANNUAL REPORT

FOR THE YEAR ENDED 31 DECEMBER 2024

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 grant-making charity. We raise money and provide funds to our partner organisation, the Inspire Indonesia Foundation, based in Indonesia. All activities are carried out by Inspire Indonesia, not by The Inspire Football Foundation. 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:

The Inspire Football Foundation continues to support our main partner, Inspire Indonesia. They continue to do amazing work and we are delighted to support them as they continue to grow their impact and reach.

Inspire Indonesia continues to work with young people, primarily in Indonesia, but also in other countries in Asia and beyond, through the medium of football. We have our own purpose built football facilities in Bandung and Manado, and we have permanent bases in three other locations in Indonesia. But it's not only about coaching football...

Page 2

THE INSPIRE FOOTBALL FOUNDATION

TRUSTEES' ANNUAL REPORT

FOR THE YEAR ENDED 31 DECEMBER 2024

Summary of the charity's main activities and achievements (continued)

One of the highlights from 2024 was when Inspire Indonesia partnered with the European Union to run a festival in Jakarta to highlight how sport can play a role in empowering girls and women. We got to share about our work with the diplomatic community from the European Union, and one by one, coaches and players from Inspire shared how the work of Inspire had impacted them. Coach Dwi shared how when she was a girl her uncle had sexually abused her. It was later on when she was older that she joined the Inspire Academy in Medan, where she found a coach who listened, a team that loved her, and a safe place to open up and be vulnerable. In that place, she was able to deal with the trauma she had experienced, and the healing process could start. Now, Coach Dwi is on our staff team, trying to help create the same safe places for the girls she now mentors.

Our presentation concluded with one of our players sharing how one of our programmes, Pledge United, had helped create a new culture within her school. Pledge United teaches boys about the issues of gender-based violence and empowers them to become agents of change in their school. To hear how Teni, now in her own words, is free to be who she wants to be, without fear of judgment or harassment from the boys at school, is so freeing.

In December, the UK Ambassador gave Jon Hamilton, the founder of The Inspire Foundation, an award to thank him and the team of Inspire for the role they have played in helping create good diplomatic relations between Indonesia and the UK. This award is another acknowledgment of the growing positive reputation that Inspire has, as we continue to try to tackle some of the biggest social issues through football.

Our heart and passion is to do more in 2025, to help create a culture where what happened to Dwi doesn’t keep happening, as our desire is to enable girls like Teni to be free so she can have the opportunities of following her dreams.

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

In this year the charity received income of £127,547 (2023: £140,520) and spent £142,941 (2023: £133,766), resulting in a deficit of £15,394 (2023: surplus of £6,753). Most of the income received by the charity is restricted in nature, and it can only be used to support the activities of the Inspire Indonesia Foundation. The charity ended the period with net assets of £2,531 (2023: £17,925).

Page 3

THE INSPIRE FOOTBALL FOUNDATION

TRUSTEES' ANNUAL REPORT

FOR THE YEAR ENDED 31 DECEMBER 2024

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 £2,173, is an adequate reserve.

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.

Page 4

THE INSPIRE FOOTBALL FOUNDATION

TRUSTEES' ANNUAL REPORT

FOR THE YEAR ENDED 31 DECEMBER 2024

Approval

This report was approved by the trustees and signed on their behalf by:

Gavin Mclaughlan

Date: ______

Page 5

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 2024 on pages to 1 following, which have been prepared on the basis of the accounting policies set out on pages to .

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.

Sarah Crispin ACA Stewardship 1 Lamb's Passage London EC1Y 8AB

Date:

Page 6

THE INSPIRE FOOTBALL FOUNDATION

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 DECEMBER 2024

Note
INCOME AND ENDOWMENTS FROM:
Donations and legacies
3
Bank interest
6
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
£
2,000
75
2,075
3,864
3,864
(1,789)
(3,856)
5,987
2,131		 Restricted
Funds
£
125,472
-
125,472
139,077
139,077
(13,605)
(11,538)
11,938
400		 Total
Funds
2024
£
127,472
75
127,547
142,941
142,941
(15,394)
(15,394)
17,925
2,531		 Total
Funds
2023
£
140,458
62
140,520
133,766
133,766
6,753
6,753
11,172
17,925

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 -1 form part of these accounts.

Page 7

THE INSPIRE FOOTBALL FOUNDATION

BALANCE SHEET

AS AT 31 DECEMBER 2024

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
£
6,043
6,043
(3,912)
2,131
2,131
2,131
2,131
2,131
-
2,131		 Restricted
Funds
£
26,904
26,904
(26,504)
400
400
400
-
-
400
400		 Total
Funds
2024
£
32,948
32,948
(30,416)
2,531
2,531
2,531
2,131
2,131
400
2,531		 Total
Funds
2023
£
19,395
19,395
(1,470)
17,925
17,925
17,925
3,964
3,964
7,208
11,172

The financial statements were approved by the Board of Trustees and were signed on its behalf by:

_________ Date Gavin Mclaughlan Charity number: 1180176

The notes on page -1 form part of these accounts.

Page 8

THE INSPIRE FOOTBALL FOUNDATION

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2024

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 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.

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.

Page 9

THE INSPIRE FOOTBALL FOUNDATION

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2 Accounting Policies

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.

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.

e) 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.

f) 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).

g) Foreign currency translation

These financial statements are presented in sterling, which is the charity's functional currency.

All differences arising from the application of the above policy are charged (or credited) to the Statement of Financial Activities.

h) 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.

i) 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

Grants from trusts
Other donations		 2024
£
51,607
75,865
127,472		 2023
£
61,735
78,723
140,458

Page 10

THE INSPIRE FOOTBALL FOUNDATION

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2024

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		 2024
£
242
134
376
141,053
141,429
1,512
1,512
142,941		 2023
£
104
165
269
132,027
132,296
1,470
1,470
133,766

The fee payable to the independent examiner for examining the accounts was £1,512 (2023: £1,470).

c Grants payable

Grants to promote physical education and social welfare,
using the medium of sport, among young people
Grants in the prior year were:
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		 Institutions
£
141,053
141,053
Institutions
£
132,027
132,027		 Individuals
£
-
Individuals
£
-
2024
£
141,053
141,053		 2024
£
141,053
141,053
2023
£
132,027
-
132,027
2023
£
132,027
132,027

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. The charity's key management comprise the trustees named on the Charity Information page.

During the year travel expenses of £132 were paid to Ian Clark (2023: £104) and £109 to Matt Oliver (2023: none). There were no other transactions with related parties in 2024 or 2023.

Page 11

THE INSPIRE FOOTBALL FOUNDATION

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2024

6 Cash at Bank and in Hand

Cash at bank with immediate access
itors: liabilities falling due within one year
Accruals
Other creditors
Grant obligations		 2024
£
32,948
32,948
2024
£
1,512
2,400
26,504
30,416		 2023
£
19,395
19,395
2023
£
1,470
-
-
1,470

7 Creditors: liabilities falling due within one year

8 Funds

During the year the movements in the charity's funds were as follows:

General Unrestricted Funds
Total Unrestricted Funds
Restricted Funds
Inspire Indonesia
- Bandung support
- Manado support
- Manado Arena
- Office
- Lombok support
- Joy Academy
- Other projects
Aggregate of funds		 Opening
balance
2024
£
5,987
5,987
2,660
6,666
4,257
-
225
-
(1,870)
11,938
17,925		 Incoming
resources
2024
£
2,075
2,075
42,032
35,151
15,000
8,000
20,850
3,000
1,439
125,472
127,547		 Outgoing
resources
2024
£
(3,864)
(3,864)
(44,293)
(41,816)
(19,257)
(8,000)
(21,075)
(3,000)
(1,635)
(139,077)
(142,941)		 Transfers
in the year
2024
£
(2,067)
(2,067)
-
-
-
-
-
-
2,067
2,067
-		 Gains and
losses
2024
£
-
-
-		 Closing
balance
2024
£
2,131
2,131
400
-
-
-
-
-
-
400
2,531

Page 12

THE INSPIRE FOOTBALL FOUNDATION

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2024

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
6,043
-
Creditors falling due within one year
(3,912)
-
2,131
-
In the previous year the movements in the charity's funds were as follows:
Opening
Incoming
Outgoing
Transfers
balance
resources
resources
in the year
2023
2023
2023
2023
£
£
£
£
General Unrestricted Funds
3,964
3,762
(1,739)
-
Total Unrestricted Funds
3,964
3,762
(1,739)
-
Restricted Funds
Inspire Indonesia
- Bandung support
9,198
42,804
(49,342)
- Manado support
(24)
27,396
(20,706)
- Manado Arena
-
29,843
(25,586)
- Lombok support
-
33,150
(32,925)
- Other projects
(1,967)
3,000
(3,050)
Inspire Indonesia
7,208
136,758
(132,027)
-
Aggregate of funds
11,172
140,520
(133,766)
-
Unrestricted Funds		 Restricted
funds
£
26,904
(26,504)
400
Gains and
losses
2023
£
-
-
-		 2024
£
32,948
(30,416)
2,531
Closing
balance
2023
£
5,987
5,987
2,660
6,666
4,257
225
(2,017)
11,938
17,925

Page 13

THE INSPIRE FOOTBALL FOUNDATION

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2024

8 Funds (continued)

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
£
£
7,457
-
(1,470)
5,987
-
Unrestricted Funds		 Restricted
funds
£
11,938
-
11,938		 2023
£
19,395
(1,470)
17,925
General
funds
£
7,457
(1,470)
5,987

The transfer from general funds into The Inspire Indonesia - Other Projects fund represents restricted funds that were incorrectly categorised as unrestricted in prior periods.

All restricted funds have been paid to Inspire Indonesia, an Indonesian charity

Inspire Indonesia - Bandung support represents funds that have been donated in support of individuals working in Inspire Indonesia's Bandung office.

Inspire Indonesia - Manado support represents funds that have been donated in support of individuals working in Inspire Indonesia's Manado office.

Inspire Indonesia - Manado Arena represents funds that have been donated to purchase land and build a football and training arena in Manado, Indonesia.

Inspire Indonesia - Office represents funds that have been donated in support of Inspire Indonesia's general core costs.

Inspire Indonesia - Lombok support represents funds that have been donated in support of individuals working in Lombok and also capital costs associated with this project.

Inspire Indonesia - Joy Academy represents funds that have been donated in support of Inspire Indonesia's work amongst young women.

Inspire Indonesia - Other Projects represents funds that have been donated in support of smaller Inspire Indonesia projects.

Page 14

THE INSPIRE FOOTBALLFOUNDATION O￿AllED STATEMENTOF FINANCIALAcfiviTIESWITH COMPARATIVES FOR THE YEAR ENDED 31 DECEM8ER2024 nr Restricted Totsl 2024 Designated 2024 2024 2024 2023 2023 2023 2023 Note INCOME FROM.. 2.￿0 75 125,472 127,472 75 3,7m 62 136,75a 140,45g 62 TtrtalintomÈ 2.075 125,472 127.547 3,762 136.758 140,520 EXPENDITURE ON.. 3.g64 139,077 142,941 1,739 132.027 133,766 TotalEApen¢fture 3.864 139,077 142.941 1.739 132.027 133.766 Net intDmelleMpenditurel 11.7891 2,023 4.731 6,753 Transfersbetween funds I2.￿7) 2,067 Net movement In funds 2.023 4.731 6.753 HttOntilètiOh tsf funds.. Totèl funds brou8htforwèrd 5.987 11.938 17.925 3.964 7.207 T•talfunds ￿￿￿edfo￿¥èrd 2.531 5.987 17.925 Pa9e 15