2023-03-31-accounts

Trustees’ Annual Report for the period

From Period start date 1[st] of April 2022 To Period end date 31[st] of March 2023

Charity name: Inspire Foundation Nottingham

Charity registration number: 1193890

Objectives and Activities

	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17	TO ADVANCE THE EDUCATION OF CHILDREN AND YOUNG PEOPLE, PREDOMINATELY THOSE AGED BETWEEN 9 AND 19, IN THE SUBJECTS OF SCIENCE, TECHNOLOGY, ENGINEERING AND MATHS (STEM) AND OTHER SIMILAR SUBJECTS OF EDUCATIONAL MERIT.
Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts.	Para 1.17 and 1.19	Due to COVID-19, our charity had limited activities in the financial year 2021-2022. However, we have been gradually recovering and restarting our operations to fulfill our purpose for public benefit. Hence during the indicated period, we have planned out activities which have followed in the 2022-23 period. Our recent activities include a series of workshops with young people in Nottingham. We remain committed to serving the community and making a positive impact. We are also very grateful to have named a new charity chair recently, Prof. Elvira Perez Vallejos. This strategic appointment will facilitate new collaborations with the local Nottingham based universities as well as other local and national organisations. We have already planned a series of activities and workshops in the 2023-24 financial year.
Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit	Para 1.18	This charity aims is to provide means of development and inspire young people in the community in the subjects of Science, Technology, Engineering and Maths and other similar subjects of educational merit. The trustees confirm that they have had regard to the guidance issued by the

Charity Commission on public benefit in carrying out their duties and responsibilities as stewards of the charity. They have taken steps to ensure that all activities, projects, and services carried out by the charity are aligned with the charity's objectives and serve the public benefit, as outlined in the guidance. All activities carried out by the charity are subject to discussions at regular trustee meetings to follow the objectives of the charity.

Achievements and Performance

	SORP reference
Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole.	Para 1.20	The charity experienced a slow but constructive recovery after the COVID-19 pandemic, with activities being suspended temporarily. During the first operational year (2021-22), the focus was primarily on planning future activities and initiatives to support the community. We have also worked on the requirements and developments for our website, which was one of the pressing outstanding actions. Despite the challenges posed by the pandemic, the charity has made significant progress and plan activities starting with April 2022. We have actually returned and carried a series of workshops with young people in Nottingham in the indicated financial year which we are very proud of. The planned activities for the 2023-24 financial year aim to make a tangible difference in the circumstances of our beneficiaries, as well as provide wider benefits to society as a whole.

Financial Review

Review of the charity’s financial position at the end of the period	Para 1.21	The charity's financial position at the end of March 2023 has been reviewed by the trustees and is considered to be relatively strong, as the charity expenditure was 50 during the financial year 2022-23, hence it has not suffered much loses. We have also addressed the problem of fundraising in the upcoming years to ensure continuity of our impactful

		activities. We considered a variety of sources as well as fundraising activities.
Statement explaining the policy for holding reserves stating why they are held	Para 1.22	As no activities that required financial contributions have been carried out during this period, we retain the funds for future activities. The only expense was the costs associated with renting a room for our trustee meetings.
Amount of reserves held	Para 1.22	£8109.69
Reasons for holding zero reserves	Para 1.22	N/A
Details of fund materially in deficit	Para 1.24	N/A
Explanation of any uncertainties about the charity continuing as a going concern	Para 1.23	N/A

Structure, Governance and Management

Description of charity’s trusts:
Type of governing document (trust deed, royal charter)	Para 1.25	Charity Constitution (last updated on the 21 March 2021)
How is the charity constituted? (e.g unincorporated association, CIO)	Para 1.25	CIO
Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees	Para 1.25	Election during the AGM or Trustee Meetings as indicated in the charity constitution.

Additional information (optional)

You may choose to include further statements where relevant about:

Policies and procedures adopted for the induction and training of trustees	Para 1.51	Health and Safety policy Equal Opportunities and Diversity Policy Risk Assessment policy Safeguarding for Children policy Vulnerable Adults policy
The charity’s organisational structure and any wider network with which the charity works	Para 1.51	CIO

Names of the charity trustees who manage the charity

Dates acted if not for Office (if any) whole year

Trustee name

1 2 3 4 5 6 7		Prof. Elvira Perez Vallejos	Chair	24th of June 2023
		Dr Symeon Dionysis	Trustee	27 November 2021
		Dr Elena-Vanessa Botan	Trustee	27 November 2021
		Sorin Nica	Trustee	31st of March 2023
		Dr Adrian Cornelius Marinescu	Trustee	22 March 2021
		Dr Horia Alexandru Maior	Trustee	22 March 2021
		Andrei Mihai Rotaru BA and LLM	Trustee	22 March 2021

Declarations

The trustees declare that they have approved the trustees’ report above.

----- Start of picture text -----
Signed on behalf of the charity’s trustees
Signature(s)
Andrei Mihai Rotaru
Full name(s) Horia A Maior
Position (eg Trustee Trustee
Secretary, Chair, etc)
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Date 31st of January 2024