Inspiration Incubator CIO ANNUAL REPORT AND FINANCIAL STATEMENTS For the year ended 31 August 2023 Rogl8tared charfty number 1195241
In¥plratlon•l lThcub•lor Ro918tor•d Charfty No. 1195241 TR TEE 'RE RT AND FINANCIAL STATEMEpirs NT NT Pag• Legal and mIntIatrI Dola 2-5 RoF¥t of Tnth85 &7 IrthpnI Examlnofs r8port 10 Statem8nt of C88h Ilth¥ 11-13
In•plratloMI Incubator Rtyltstér Chlty No. ORGANISATIONAL PROFI TRU8TEE3 Nlcole 88rW Regretrt Maximllian Regner-8leylet REGISTERED OFFE. Paul Street LIxKlon ECZA 4NE ACCOUNTMTS: Chath OB81. Bsc (HO). M& ACI& AFA ATA MIPA MCIPP Unit 1, Ballr Busin888 Cenlrn, 390492 High Ro. Illord IG1 18F
Inspirallon Incubator CIO TRUSTEES ANNUAL REPORT For the year ended 31 August 2023 Introdurtion The trustees are pleased to present Iheir annual report together WEth the financial statements of the charity for the penod ending 31 AKJust 2023. Reference & Administrative Details Charity name.. Registered charity number. Registered addr&8s: Inspirati Incubator 1195241 8&90 Paul Stree( LorKlon EC2A 4NE Structure. Governance and Management Inspiration Incubator (ts 'Charity') is a Charitable Incorporated Organisation (CIO) founded on 21 July 2021 and govemed by lis Foundat'on Consts'tution, as amended on 18 January 2022. The Chanty provides financiNJ to charrtable projects that meet rts objects'ves anere in ts world. In order to further the Chanty's charitable purposes and ensure that grants awarded are for the public benefit. the trustees regularly review and agree its grant-making pollcy. When makiTrJ any programme-related Investrnerrts or mlxed motlve Investments the trustees will have regard to the Chanty Commission's guidance on investments and the Charty Commission's guidan(% on Public Benefit The Charity is managed by its trustees: Trustee Name Erma ol term Nlcole Barbery R•gner-81gylobon 21 2021 20 2026 Maximillan Regner•leben 21 2021 20 Juty 2025 Catherfne Mcswew 21 2021 20 JY 2024 Objertlves and Activities Purpose of the tharlty
Insplrallon Incubator CIO TRUSTEES ANNUAL REPORT For the year ended 31 AUSt 2023 The wrpose of Inwration IrbatOr is the advanrnent of such objects or purposes which are exdusively charitable according to the law of England and Wales in any part of the world. The Charity was established by Maximilian Regner-Bleyleben and Nicole Barbery Regner-Bleyleben. who are the thariiys principal donors. The Chanty also occaslon81ty receives donations from third partses. The Charity provtdes grants and other forms of financial support to organisats'ons (registered charities, non-profit organisations. Pjocial enterprises and other non- charities) and individuals. In particular. the chanty seeks to support grdss-roots initiatives where its fvnding will have the greatest impac( includirYJ where there are nding gaps that other charities do rKt suppor( such as core costs. hile the trustees will from time to trne identify parti18r areas of focus, the Charity is being estsblished Imth general charitable purposes to enable the Charity to have maxmum flexibility in tems of the propcts it can fuThJ and Ihe aclivitses it can pursue. The charity trustees have complied with the duty in section 4 of the 2006 Act to have due regard to guidance on public b8nèfit published by the commission. Achlevemerts and Performance The trustees agreed at the start of the peTiod that the Charity's In'al fws will be on supporting inib"ats'ves that fows on on communty buildiNJ, the art8 and the environmenc in particular. the provision of financial support to initiats'ves which address envrronrnental challenges and the protection and consep4ab.on of tre environment. the provision of financial support to inbtatives which advance the arts and other creative 8ndeavours bLrt which also focus on advancing educAtion and supporting disadvantaged communits. In the context of these objectives. the Charity made three grants during Ihe term, as follows.. Project DOT Glas88S Amourt I&Mar-23 Soc¥al itiyxl bwin•ss m•kKy & di51rbuling USD15,000 1W.23 City Glrl Natu UK t)evelopment of Overnh1 camp experien to GBP5.000
In8plratlon Incubator CIO TRUSTEES ANNUAL REPORT For the year ended 31 AUSt 2023 17-May-23 UK Fokwry) grant to supwt e¥pwsKWJ a GBP12,000 healing thrcwh ryaftwnanship, conservation, Flnanclal Revlew Th8 trustees present their report with 1he financial staternts of the Chanty for year ended 31 August 2023. The accounts (financial ststements) have been prepared in accordance with the ststement of Recommended Practice.. Accounb'ng and ReportirYJ by Charities preparing their accounts in accordance the Finanaal Reporting Standar applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019 arKI the Financial Reporting Stsndard applicable in the United Kingdom and Republic of Ireland {FRS 102) and the Charities Act 2011 and UK Generally Accepted Practi as It applies from 1 January 2019. Th8 accounts (financial ststements) have been prepared to giv8 a 'true and fair, view and have departed from the Charities (Accounts and Reports) Regulats'ons 2008 only to the extent required to provide a 'true and fair view.. This deparbjre has involvod following Accounting and Reporting by Charities.. Statement of RecoMmendj Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland {FRS 102) issued in October 2019 rather than ts Accounting and ReportÉng by Charits'es: Statement of Recommended Practi(x effedive 1 April 2005 which has since been thdrawn. Fundralslng During the year, ts Charity raised a totsl of £24.608. It spent £29,480 on charitable activits'es. Of the amount raised, £24,000 was provided by the Charity's founders and is unrestricted, vthile £608 was provKled by indNKlual donors for the purpose of forest conseprfation projects in Bolivia and Central Afn'can Republic. These funds will go directly to the local charitable organisats'ons managing the projects on the ground. Financial Revlew
Inspiration Incubator CIO TRUSTEES ANNUAL REPORT For the year ended 31 August 2023
In the accounting year ended 31 August 2023, the Charity had income of £56,078, including Gift Aid receipts from HMRC in the amount of £31,458, and incurred expenditures of £30,494. Administrative costs were £1,014.
Reserves Policy
Inspiration Incubator ended the year with £31,977 in reserves, of which £31,164 is unrestricted. At the year end, the Charity had sufficient reserves to cover any administrative costs in the short term.
Declarations
The trustees declare that they have approved the trustees’ report above.
This report was approved and authorised for issue by the Board of Trustees on 20 May 2024, and signed on its behalf by:
_______ Nicole Barbery Regner-Bleyleben Trustee
Insplratknnal Incubator R•gknt•rnd clIty 1195241 NO IN TEES OF IMSPRAT THE Thlg report18 made 8olety to the Tnjthi of Insp8th)o1 InJJbatr)r. 88 a tyty. kn 8cLordgnc wlth regul8b.ons mad8 undor 86dw)n 145 ofth8 Chaikn88 X111 and Chanty SORP Ifw). My Irk has b80n Undertak 80 that I mw stAts to the Trustess Mat l am r8w6r8d to state to Ihem in an Indopsndant Examlnerf8 rept and Tr) Ltr purFoso. To the fiJlB6textenl pwitttid by law, I dcs not accepl or 838umo r•ssIbIl to an>Dr• Ihan lh8 Charty and ChwlV8 my 8xwnNi•tion worf¢. for th18 repor( or lor Ihe statement I h9¥• tkx. A3 thJnty tru8t•es. for th• pvrposes ofthrity ltsw. orn r•apth0blO lorth& w•parakn of th& flnandal 8tatements, the Trustees consk18r that 8n wAit ¢5 Twuirwj urth 8th 144121 of Iha Charft Act 2011 Ilhe Act) and tst on rod•d. H8vIw 8aU8fi&J myTdl U)at the Charftyls Th)1 SUWI to urttlw curry knv and for 8p8ndont •xathatim.111s my 01 •xamln• th• aCcnIS t¢¢1kn 145 ofthe 2011 k¢ bl follow thè lahj gthrnl th• ChtyComml69th•rn ur#J•r ••cVL 14515llb) of thè 201 t fv£( and My ex8mln8tity) w88 c4the4J tyjt kn awd8nr wlth the gwwal DI8 gen bytho Charlty Ccfflmtsslon. An gx8mkn8th)n Inckth8 a revkn4V ol Ihè 8C£oJn reLxyd$ kept bytr Ch8rlty. a ¢cffip4rtsc of the acccwnts pr•s•nknl vith thrAe rcorO8. lid80 olarry unu$L1 It4m$ or dlBcloBures in the accounts awkJ 8t•klng 8nakn8 fmm as TnJstO83 (nIng any su( mattors. Tha procduT• undertaken do not wovklè lh8 ovkJ8nr that bo wulred In an aud(8TrJ C4Xquenty no tyin7c Is In thè gt8t•mant on the p&¥.
R•gl•tsv•d Chwlty No. 1195241 DENT EXPJIINE OF INSPI ON THE ATEIAE THE IndondOn¢ •x•nln•rf• stat•ffl• TlreMS ofth8 ChaFIUBsAct ho not bwi met or 21 to whkh. in my oplnkn, bo order kn orwt>b a wopw undor8tandkng of thtr 8cDJunts to b• r•fjch•J. Charfes Osd, Bsc (Hon81. ACI& AF& ATA, MIPA MCIPP D&te.' 2410V2 Flat 3, 11 RocM81• Way. Depd LOThj SE8 4LY
R•gl•t•r•d Ch•rfty 1196241 BALANCE SHEET SAT31A Currnnt Assets Cash al Bank and In hand 31,977 8,393 Croditor8 Amount due *thlrKK)n• Y•qr Ganernl Fund• 31.184 8.188 RestrKtod Fund•.' 813 206 The ftnanclal 8tatoments were approved by the Bowd rfTrUst aUthOrn for IU0 20th May 2024 and worn swJn•d Its Ixhaff Irf. Ch•lr Maxwnllk9n R•9nor.B
A•gl•t•r•d Chwlty 1195241 TATEMENT NANC ACT 2021r22 Fund• Fund• T4*1 Totsl FwKI• Contrlbullons 1(Kl.205 otr Incom• 12 12 Tol•l Incoffl• 55.470 06.078 100,208 82,328 1.014 11.48S Tot•1 Exp•ndltyr• .494
).494 93,814 24.976 2S.S84 8,393 N•t In Fund• 188
STATEMENT OF CASHFLOWS RTHEY C•¥h flow¥ from opw•dno •ctfvlll•• 25.584 25,584 31.977 10
In•pIratIon Incub•tor R•glthrnd Chrlty No. 1195241 1. ACCOUIITWIG POUCIES BASIS OF PREPARATION Thè fin8ndo1 statsments ofthe ¢cnpany. Lg a bwfit onlfity dar FRD 102, have l)een proTe<l In acordancfr the Chari18 SORP IFRS 1021'knunb"ThJ ReFrfyluig by Charflles.. Staigmenl of R8comm•rMled Prxtse appLrabl8 to crIll&S preTMg thoir XCAyJnl8 acCOance vAth the Flnanaal RewtiThJ $thd apFAKa tii th& Uk and Repullic 01 IrBnd IFRG 1021 {effeckn 1 J8nuay 2019). Financial RewtiTr3 St#r)d8rd 102 Tr FwwKial Slandard atc•ble In ihg UK ¥nd Rep¥Ll ol1rn1ond and the com105 k12(th8. Tr finarmI 8tatemwts havo bggn prepared under1he 4COME All Incomg is prtyornd in th8 slatern d Flnoncial crfKe ¢8rlty h98 8nlJttam&nt to th• fiJThJs, It 18 that tha Ir il bB red ¥ThJ tho mgowrbd rd&bty. EXPEMDrruRE requlred in ¥otUgm8nt the arTh)unt ofthè oblgats'c cw b0 mogsur8d rdlabty. Ex¥Wltyjf• l& accounted lor on en ae£rt ba818 and d88sMlod urbJor h•adirKJs that aggre •M eo•t FUIID ACCOUIITrIO Thg gonornl fijnds ol fvbyJ8 trtth• TnMts•s m•y u8• for Im&iwatkn'• C*1 gt thdr dlecT¢tiort. The reslth ful 8rn tha (knncK haB imF#x•d rnstricUc¥M tho use ofthe funds. which are legglly blndlng. Rostri¢tod h8ld in r•ww ai thfr eThJ Of Jffjar rnwesenl wK¢mè r8cofved donors to t• $panl wrfhin the follwr@ r. Delals fuThls are aet rArt on I separate In Note. VOLUNTARY IMCOME GOVERNANCE cosr8 11
IHEAC 24,8 31.458 Yo 12
R•uknt•md Chwmy 14th 1195241 FOR THE YEAR ENDED 31 AUfJUST 2023 S RECONCIUATION OF NET (ExPENLNCO1AE TO CA8H FL(YII FRO OPEIIATJNG ACTGivrrEs lexpendObJroylncoma tr tho pwknj (ai FW th 25.584 Iu6tment for. Iln¢r•068yLlec¥0• In dotors Increa8elldecrewl In c10 13