Trustees’ Annual Report for the period
From Period start date 1[st] of April 2023 To Period end date 31[st] of March 2024
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 |
We have conducted all planned charity activities for the year 2023-24 which included a few Outreach events including Science in the Park organised at the Wollaton Hall, and one by Broadway Cinema. |
| 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 | We have welcomed a new Chairperson Prof Elvira Perez which has brought a new level of leadership to the charity. Re-started our charitable actions by participating in Nottingham Science Outreach events We welcomed a new strategic trustee Dominic Price that enabled new collaborations including Cobot Maker Space, strengthening our relationship with the Local Universities. |
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 2024 has been reviewed by the trustees and is considered to be relatively strong, as the charity expenditure was 190 during the financial year 2023-24, hence it has not suffered much losses. 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 significant 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 and minimal consumables for our activities. |
| Amount of reserves held | Para 1.22 | £7970.17 |
| 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
| 1 2 3 4 5 6 7 |
Trustee name | Office (if any) | Dates acted if not for whole year |
|---|---|---|---|
| Prof. Elvira Perez Vallejos |
Chair | 24th of June 2023 |
|
| Dr Symeon Dionysis |
Trustee | 27 November 2021 | |
| Dominic Price | Trustee | 18 February2024 | |
| Sorin Nica | Trustee | 1st of April 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.
Signed on behalf of the charity’s trustees
Signature(s)
Symeon Dionysis
Full name(s) Horia A Maior Position (eg Trustee Trustee Secretary, Chair, etc)
Date
11[th] of January 2025