2023-04-30-accounts - The Inspire Foundation

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			~Pa es
Trust Information
Report of the Trustees			2-6
Independent Auditor's	Report to	the Trustees	7-9
Statement ofFinancial	Activities		10
Balance Sheet
Notes to the Financial	Statements		12-18
For Trustees Information only
Detailed Income and Expenditure		Account	18

								Total	Total	Total
					Unrestricted		Restricted	Funds		Funds
Income from:			Notes		Funds		Funds	2023		2022
Donations and legacies:
Donations Charitable activities:					138,233		88,000	226,233		220,277
Fund raising events Other trading activities:					32,766			32,766		5,929
Sale ofprints, cards Investments		and sweatshirts			943 8,481			943 8,481		2,313 5,603
Total income					180423		88 000	268 423		234 122
Expenditure on:
Charitable activities Raising fimds					74,518 60,440		160,085	234,604 60,440		231,686 34,929
Total expenditure					134958		160085	295 043		266615
Net income/(expenditure)		before gains
and losses on investments					45,465		(72,085)	(26,620)		(32,494)
Realised profits/(losses) Unrealised profits/(losses)	on investments on investments				(1,032) 2,165			(1,032) 2,165		590 (2,065)
Net income/expenditure		for the year			46,599		(72,085)	(25,487)		(33,969)
Transfers between funds					20,800		(20,800)
Net movement in funds					67,399		(92,885)	(25,487)		(33,969)
Balances brought forward		at 1May 2022			290,595		187,626	478,221	6	512,191
Balances carried forward		at30April 2023	11dt 12	t	357,993	6	94,741 t	452,735	8	478,221

				Notes		2023	2022
Fixed Assets
Tangible Assets						570	990
Investments						449,381	456,426
						449,951	457,416
Current Assets
Stock Debtors Cash at bank and in		hand				2,316 2,905 59,777	2,884 2,691 56,018
						64,997	61,592
Creditors:	amounts	falling due within one year		10		62,214	40,787
Net current	assets IIiiabilities)					2,783	20,805
Net Assets						452,735	478321
Unrestricted	Funds
	General	fund				248,834	153,902
	Designated		funds			109,159	136,693
Restricted Funds				12		357,993 94,741	290,595 187,626
					5	452,735	5 475,221

2) Direct Charitable Expenditure Grants for medical research to institutions Costs ofresearch programme Governance costs (Note 4)		Unrestricted Funds 47,698 18,917 7,903	Restricted Funds 114,624 45,461	Total 2023 162,322 64,378 7,903	Total 2022 168,835 55,411 7,439
		674,518	6160,085	$234,604	6231,686
Recipients ofmedical research		institutional grants
Bournemouth University		33,139
University ofGlasgow		70,382
Salisbury NHS Foundation	Trust	31,197
University College London		18,838
University ofStrathclyde		8,766
		162,322

3)Cost ofGenerating Funds Promotion and fund raising Cost ofprints, cards and sweatshirts Overheads and governance costs (Note 4)	Unrestricted Funds 33,260 418 26,762		Restricted Funds		Total 2023 33,260 418 26,762		Total 2022 11,679 853 22,397
	60,440	8	-	f.	60,440	f,	34,929

f1,250) and for o	ther services off1,520 (2022:61,905).	au Z,	2022:
Direct charitable Cost ofgenerating Governance costs Governance costs	expenditure fimds - medical research - fundraising	2023 64,378 24„761 7,903 2,001	2022 55,411 21,312 7,439 1,086
		99,043 i	85,248

6)Tangible Fixed	Assets
			Office
Cost			E~ui ment			Total
At 1May 2022 Additions			3,675			3,675
Disposals
At 30April 2023			3,675			3,675
Depreciation
At 1 May 2022 Charge for the year			2,685 420			2,685 420
On Disposals
At 30April 2023			3,105			3,105
Net BookValue
At 30April 2023			570	i		570
At 30April 2022			990	6		990
7)Investments
Market value as at 30April 2022 Additions			2023 456,426			2022 456,756
Disposals Revaluation			31,147 (26,565)		44,276 (38,804)
Increase/(decrease)	in cash		2,165 (13,792)			(2,065) (3,736)
Market value as at 30April 2023		6	449,381	f.456,426
Historic cost			366,929	i	374,343

Investments by market value	Investments by market value	Investments by market value			2023		2022
Charities Aid UK Equity Royal Bank ofScotland		income Units Fund Deposit account	B		179,454 866		173,251 861
Quilter Cheviot Portfolio					146,577		150,289
Other Bank Deposits accounts					122,484		132,025
				f	449,381	f.	456,426
8)Stock
					2023		2022
Prints					152		169
Branded products Cards					1,905 259		2„495 220
				f	2,316	f	2,884
9)Debtors					2023		2022
Gift aid
Prepayments and	accrued	income			2,905		2,691
					2,905	f.	2,691
10)Creditors: amounts		falling due within	one year
					2023		2022
Grants payable Trade creditors					46,313 613		23,642
Salaries					2,140
Other creditors					656		862
Accruals and deferred income					12,492		16,283
					62,214	f	40,787
11)Unrestricted	Funds - Year ended 30April 2023

11.1)U	30April 2022
	Balance				Balance
	1 May 2021	Income	Expenditure	Transfers	30April 2022
General fund Designated for medical research	K96,496 6154,869	126,311 -	(87,081) -	18,176 (18,176)	6153,902 6136,693
	k251,365	f126,311	(f87,081)		5090,595

	Balance					Balance
	1 May 2022	Income	Expenditure	Transfers	30	April 2023
Medical research	6187,626	88,000	(160,085)	(20,800)	I	94,741
12.1)Restricted Funds -	Year ended 30April 2022
	Balance					Balance
	1 May 2021	Income	Expenditure	Transfers	30	April 2022
Medical research	6260,826	108,400	(181,599)			6187,626
13)Analysis ofnet assets	between Funds -Year ended 30April	2023
Fund balances	as at30April 2023 are represented by:
			Unrestricted	Restricted
			Funds	Funds		Total
	Tangible fixed assets Fixed asset investments Net current assets / (liabilities)		570 354,640 2,783	94,741		570 449,381 2,783
	Total net assets		f.357,993	6 94,741	K	452,735

pril 2022 are represented by:
	Unrestricted	Restricted
	Funds	Funds	Total
Tangible fixed assets Fixed asset investments Net current assets / (liabilities)	990 268,800 20,805	187,626	990 456,426 20,805
Total net assets	I290,595	I 187,626 I	478,221

						Total
				Unrestncted	Restricted	Funds
Income from:			Notes	Funds	Funds	2022
Donations and legacies:
Donations Charitable activities:				111,877	108,400	220377
Fund raising events Other trading activities:				5,929		5,929
Saleofprints, cards and sweatshirts Investments Other income -Government grants				2,313 5,603		2,313 5,603
Total income				125,722	108,400	234,122
Expenditure on:
Charitable activities Raising funds				50,087 34,929	181,599 -	231,686 34,929
Total expenditure				85,016	181,599	266,615
Net income/(expenditure)		before gains
and losses on investments				40,706	(73,199)	(32,494)
Realised profits/(! osses) on investments Unrealised profits/(losses) on investments				590 (2,065)		590 (2,065)
Net income/expenditure	tbr	the year		39,230	~73,199	(33.969)
Transfers between funds
Net movement in funds				39,230	(73,199)	(33,969)
Balances brought forward	at	I May 2021		251365	260,826	512,191
Balances cerned forward	at30April 2022			290,595	8 187626	f. 478,221

						2023	2022
Income
Unrestricted	grants and	donations			received	138,233	111,877
Restricted Grants &donations				received		88,000	108,400
Legacies
Fundraising	and merchandise			income		33,710	8,242
Investment	Income					8,481	5,603
Government	grants
						268,423	234,122
Direct costs
Research grants payable		snd direct costs				162,322	168,835
Fundraising	and merchandise			expenditure		32,632	11,409
Investment management		fees				1,046	1,123
						196,000	181,367
Overheads
StafFSalaries						86,038	73,564
Rent						1,400	2,100
Travelling snd subsistence						426	395
Printing, postage and stationery						487	597
Telephone							88
Computers and soibvare						1,902	1,205
Consultancy	fees					624	130
Premises expenditure
Insurance						475	469
Sundries						72	72
Trustees expenses						2,470	1,660
Bank charges						189	106
Audit fees						2,688	2,400
Professional Depreciation	fees					1,182 420	1,386 480
Finance lease	interest					671	595
						99,043	85,248
Investment	aine and losses
Realised gains / (losses) on investments						(1,032)	590
Unrealised gains / (losses) on investments						2,165	(2,065)
						1,133	(1,476)
Net Income /	(expenditure)		in	the	year	(25,487)	(33,969)