Overview Legal Structure and Governance Inspire Wellbeing was incorporated by guarantee on 8th April 1991. It has no share capital and is recognised as a charity by the Charity Commission and HM Revenue and Custom5. The guarantee of each member is limited to £1. The governing documents are the Memorandum and Articles of Association las adopted 7 December 2017 and Ljpdated 15 July 20221. Inspire Wellbeing has a number of wholly owned subsidiaries.. Inspire Wellbeing Company Limited by Guarantee115848091 registered in the Republic of Ireland and Carecall INI) Limited, the latter also having a wholly owned subsidiary registered in the Republic of Ireland, EAP Consulting Limited113726601. The Board of Trustees is responsible for the overal I governance and strategic direction of the organisation with the CEO, in conjunction with the Executive Leadership Team, having responsibility for ensuring smooth running of day to day operations. The Trustees are elected under the terms of the Articles of Association. Co-opted Trustee shall be appointed to hold office from the date of appointment to the next annual general meeting. Induction and Training of Trustees New Trustees and committee members receive an induction upon appointment to the Board and are invited to spend time with members of the Executive Leadership Team as part of their induction. This is a chance to learn about Inspire Wellbeing and identify opportunities to become more involved with our work. Trustees are also invited to service visits to learn more about Inspire Wellbeing. The Trustees will be provided access to regular training and development to ensure Trustees are adequately informed to ensure they can exercise effeclive governance. Our Committees We have four committees in place to support our governance processes_ These are: Services, Ouality and Development Committee Finance, Risk and Corporate Sepoices Committee Nominations and Governance Oversight Committee Throughout the year the Trustees did not engage in any of the following activities in relations to the company: Undertake material transactions with the company. Remuneration Committee Receive any loans from the company. Receive any remuneration for services as Trustee ofthe company. Hold shares in the Company (which is limited by guarantee and has no share capital). Each committee is guided by a Terms of Reference. has a quorum of Trustee representatives and may have co-opted members where appropriate. The Remuneration Committee meets up to twice a year and the others meet a minimum of four times per year. Organisational Structure and Decision Making In order to ensure that the Inspire Group is managed efficiently and effectively, the Trustees have delegated a range of day to day decision making powers to the Executive Leadership Team. The Trustees have established appropriate controls and mechanisms to ensure that the staff team operate within the powers delegated to it. The Executive Leadership Team is responsible for the management of the Group and its subsidiaries, in line with the strategic direction agreed by the Trustees. Recruitment and Appointment of Trustees The recruitment and appointment of Trustees is managed through recommendations from the Nominations and Governance Oversight Committee to the Board. The Nominations and Governance Oversight committee also manage the skills required for new Trustees and Trustees. rotation. Trustees shall be appointed by an election of the members of the Charity at the AGM. A Trustee must be admitted as a member of the Charity on appointment as a Trustee At each AGM all Trustees. except for Chair and Vice Chairperson under article 21 of the Charity's Articles of Association. who have served three consecutive years or more as a Trustee shall retire from office. A Trustee who retires in accordance with this article. if willing to act, shall be eligible for reappointment for a further terrn of up to three consecutive years_ The Trustees may at any time co-opt any eligible individual and a Arrangements for Setting the Pay and Remuneration of Key Management Personnel The Remuneration Committee makes all key decisions on the setting of pay and remuneration for key management personnel,. The Committee is guided by a Terms of Reference and has a quorum of Trustee representatives. Inspire Wellbeing Annual Report Year Ended 31 Maich 2024 27
Overview Legal Structure and Governance Continued Public Benefit Statement The public benefit requirement is defined in the Charities Act (Northern Ireland) 2008 and states Iha I purposes musl be for the public benelil lo be charitable. The Trustees confirm that Ihey have complied with the duty to have regard to the guidance issued by the Charity Commission for Northern Ireland under section 4lbl of the Charities Act (the public benefil requiremenl slatutory guidance) and the Charities Regulatory Authority g uidance in ROI. The Trustees are confident that the activities have helped to achieve the Charity's purposes and provide a benefit to the beneficiaries. To provide general wellbeing services including recreation and educational courses and materials and day support services to promote the general wellbeing of the public. Inspire has furthered its objectives through the provision of- Supported accommodation, domiciliary sewices and day activity services to individuals with mental ill health and learning disabilities., The provision of counselling services commissioned by statutory bodies and the sale of Employment Assistant Programmes and products IEAPI to employers in the public and private sector" and Main activities undertaken to further the ChariWs purposes for public benefrt objectives and activities The Charity's primary objective is to promote wellbeing for all. More specifically- To promote, support and explore flourishing mental wellbeing throughout society to achieve mental health and wellbeing for all., To work for and promote the preservation and development of mental health for all those with Mental health and learning disability needs.. To provide care and support including floating support. and to promote and take steps to enable full and independent living for older people andl or persons with mental health andlor learning disability needs- To 6SSlSt those in need by the provision of domiciliary care for those with or without mental health issues," andlor learning disabilities- To work for and promote the study of and research into mental health and learning disability and to obtain and make records of and disseminate information concerning the same for the public benefit; To promote and advance the needs and provide for the relief and support of people affected by Mental illness and to promote good mental health.. To advance the education of the public to promote good mental health and wellbeing- To raise awareness and promote the prevention. diagnosis, relief, understanding, and treatment of addiction and substance abuse and aiding by all means practical those suffering from or who may whether directly or indirectly in any way be affected by same and further to promote such activities as may lead to a widespread understanding ofthe nature, causes and effects and incidence of addiction and substance abuse". and The provision of support and treatment for individua15 affected by their or someone else'5 alcohol andlor drug use through the delivery of counselling services. training, and alcohol andlor drug awareness. and prevention workshops. Plans for Future Periods The plan for the future is to continue to build on the mission ofthe organisation and embed our values across the Group. As we drive forward we also continLJe to develop our financial plans to ensure that Inspire Wellbeing achieves and Maintains its free reserves within a tolerance agreed by the Trustees. Trustee Attendance at Board Meetings during the year to 31 March 2024. Meetings Attended Outofa Possible Trustee Aidan Browne Jill Hariower-steele William Fitzpatrick Finola O'Kane George O'Neill Michael Hickey Colm Conway Seèmus Mannion Davic Kene-.Ick Ben Banerji Peter Brown Etnma Pollock Seèmus Cowman Marcus Ruegg Patricia Goan A quorum is comprised of any two members of the Board from time to time to perform administrative and other routine functions on behalf of the Board. 28 Inspire Wellbeing Annual Report Year Ended 31 March 2024
Trustees, Report and Strategic Report Financial Review The net movement in fund5 for the period is set out in the Financial Statements and related notes. The Inspire Wellbeing Group had a surplus for the 2023124 financial year of£l,206K12022123.' £2,098KI. The total funds ofthe Inspire Wellbeing Group at the end of 2023124 were £15,205K12022123'. £13,999KI. The Group had £807K of funds held for restricted purposes12022123'. £1.075KI. The detailed financial results for the year ended 31st March 2024 are set out in the Financial Statements that accompany this report which have been prepared in accordance with the Companies Act 2006 and the Charities SORP IFRS 1021_ Summary Statement of Financial Activities Total Funds 2023124 £'ooo Total Funds 2022123 £'ooo Total Incoming Resources Total Resources Expended Net Incoming Resources 41,277 (40,071) 1,206 38,531 136,4331 2,098 Summary Balance Sheet 31 March 2024 31 March 2023 £'ooo £'ooo Fixed Assets 4,955 10.250 5,579 8,421 Net Current Assets Non-current Liabilities Net Assets 15,205 807 13,999 Restricted 1,075 Unrestricted 14,398 15,205 12,924 13,999 Total Funds Reserves Policy The Charitable Group Reserves Policy has been set by the Trustees with a target range of 3 to 6 months of unrestricted reserves to be achieved, recognising the current risk profile of the organisation. The policy is in place to ensure the Group can continue to deliver the service5 in the event of any short term financia I disruption. The policy is reviewed on a regular basis to ensure that the target range remains appropriate, given a ny significant changes impacting the organisation_ At the year end, the Charitable Group had free reserves of £9.253K131 March 2023. £7.156KI which represents 3.28 months131 March 2023.. 2.83 months) of unrestricted reserves. Inspire Wellbeing Annual Report Year Ended 31 Maich 2024 29
Trustees, Report and Strategic Report Risk Management Our Risk Management Strategy To identify both strategic and corporate risks that threaten the achievement of Inspire Wellbeing's core strategic objectives, Inspire Wellbeing applies the principles of Corporate Risk Management through a comprehensive Corporate Risk Register. The core areas of the Register are developed from an assessment of Inspire Wellbeing's Strategic Corporate Plan and measured against performance. The process of effective risk management within Inspire includes a number of measures including- Data Leakage. Hacking etc. These types of threats continue to grow in complexity and understanding them is the best way to defend our organisation. We have invested. and will continue to invest, in skills. hardware and software to help us face this challenge. We work to continually monitor and update our infrastructure and are actively looking at ways of improving our security. Resource Risk: Challenges in attracting & reta ining social care staff. Risk Identification The recruitment and retention of staff remains a challenge not only for the organisation but for the sector as a whole. As an organisation we carry out regular reviews and benchmarking exercise across Ihe sector. Where necessary, subjpct to affordability, we have increased salarie5 to reflect the demand within the sector and we have restructured our services accordingly. A key part of our recruitment campaigns also involves advertising the non- rnonetary benefils. Risk Assessment Risk Treatment and Management Risk Monitoring and Review Risk Reporting All key risks are reviewed on a regular basis by the Executive Leadership Team and appropriate actions are taken to ensure mitigation. The register is a live document and is updated as risks increase. decrease or emerge. The Board of Trustees is responsible for seeking assurances that the organisation effectively operates systems and processes to manage risks. by receiving and reviewing reports and information from the Finance, Risk & Corporate Services Cotnmittee. We advertised widely and over the last year we have looked at creative ways of advertising, through virtual job fairs. links to schools, colleges and universities. As part of the selection process we have changed the way in which we recruit and have rnoved away from a competency based intetview approach to valLies led recruitment. As part of our longer term strategy, we are developing a formal succession plan for key staff, and continue a full review of OLJr terms and conditions of employment. Principal Risks and Uncertainties Financial Risk: Lack of financial resource to meet increasingl changing demands and growth. Reputational Risk: Failure to meet Regulatory standards. Financial resource management and building resewes remains a key focus across the organisation. with a collaborative approach in setting budgets & forecasts a nd managing financial risks and opportunities. These processes ensure we have appropriate action plans in place to improve the financial performance of the organisation and lo positively profile the organisation externally_ It is essential to our organisation that we ensure all our services are regulatory compliant. Inspection Reports are public documents which help statutory authorities determine Service Providers, competency to deliver quality services so we consider reg ulations and standards relating to designated centres as a minimum threshold. We have robust procedures in place and promote a culture which exceeds regulatory standards and protects the rights and dignity of residents through person-centred care and support Security Risk-. Data management and cyber security. Cyber security is an ever evolving threat which can take the form of Ransomware, Phishing. Malware. 30 Inspire Wellbeing Annual Report Year Ended 31 March 2024
We are Team Inspire ,Smrftr
Trustees, Report and Strategic Report Risk Management Continued Regulatory Environment Inspire operates in a highly regulated environment. governed by. The Group and Parent Charitable Company continue to work tirelessly to secure income to finance their ongoing activities. Regulation and Quality Improvement Authority IRQIAI in Northern Ireland, Health Information and Quality Authority IHIQAI in the Republic of Ireland.. Funds Held as Custodian Trustees on Behalf of Others The Charity holds no funds as custodian trustees on behalf of others. Northern Ireland Charity Commission and the Charity Regulator in Republic of Ireland Independent Auditors The auditors. Moore Nl LLP, have indicated their willingness to rema in in office and a resolution for their re-election was passed at the Annual General Meeting. Charity Governance Code The Charity Governance Code is designed as a tool to support continuous improvement. The Board has reviewed a nd will regularly revisit the Code's key principles to ensure the highest standards of governance. Future Developments The Charity plans to continue its present activities and current trading levels. Employees are kept as fully informed as practicable about developments within the business. Funding Sources The Group and Parent Charitable Company have in the past and continue to fund their charitable activities through obtaining funding from a number of providers. including the Northern Ireland Health and Social Care Trusts, the Health Service Executive in the Republic of Ireland, Supporting People. the Housing Executive. the Public Health Agency, and a number of agencies. However you do IL start a conversation about mental health this #TimeToTalk Day In partne15nip wi eo op inspir• Time to Talk Doy is o notionol compoign to get the notion tolking. This yeor. our chorityportnehip with Coop exponded to champion the campaign. breoking the stigma surrounding mental heolth. 32 Inspire Wellbeing Annual Report Year Ended 31 March 2024
Trustees, Report and Strategic Report Statement of Trustees, Responsibilities In Respect of the Financial Statements The Trustees Iwho are also directors of Inspire Wellbeing for the purposes of company lawl are responsible for preparing the Trustee5' Annual Report (including the Strategic Report) and the Financial Statements in accordance with applicable law and regulation. Prepare the Financial Statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show 8 nd explain the charitable company s transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and the Group and enable them to ensure that the Financial Statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets ofthe Charitable Company and the Group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Company law requires the Trustees to prepare Fi na ncial Statements for each financial year. Under that law the Trustees have prepared the Financial Statements in accordance with United Kingdom Accounting Standards, comprising FRS 102 "The Financial Reporting Standard applicable in Ihe UK and Republic of Ireland- and applicable law (United Kingdom Generally Accepted Accounting Practice). Under company law the Trustees must not approve the Fi nancial Statements unless they are satisfied that they give a true and fair view of the state of the affairs ofthe charitable company and the Group and ofthe incoming resources and application of resources, including the income and expenditure, of the Charitable Group for that period In preparing these Financial Statements, the Trustees are required to_. The Trustees are responsible for the oversight of the maintenance and integrity of the charitable company s website. Legislation in the United Kingdom governing the preparation and dissemination of Financial Statements may differ from legislation in other jurisdictions_ In so far as the Trustees are aware- Select suitable accounting policies and then apply them consistently., There is no relevant audit information of which the charitable company s auditors are unaware" and Observe the methods and principles in the Statement of Recommended Practice." Accounting and Reporting by Charities120191- They have taken all the steps that they ought to have taken as Trustees in order to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information_ Make judgments and estimates that are reasonable and prudent. State whether applicable UK Accounting Standards, comprising FRS 102, have been followed, subject to any material departures disclosed and explained in the Financial Statements; and Inspire Wellbeing Annual Report Year Ended 31 Maich 2024 33
Trustees, Report and Strategic Report Going Concern In the year ended 31 March 2024. the Group made a surplus of £1,206K12022123. surplus of£2.098KI Overall, at the year end, the Group had net assets of £15,205K12022123. £13,999KI. The Trustees consider the performance for the year to be sat15factory. The Group and parent Charity's activities. together with factorg likely to affect its future development. performance and position, are regularly reviewed by the Trustees. This included a review of updated forecasts and a consideration of key risks that could impactthe Charity Taking into consideration the above factors, the Trustees of Inspire Wellbeing are Satisfied with the Group's ability to continue as a going concern and settle all liabilities a5 they fall due for at least the next 12 month5 from the date of signing of these Financial Statements. Accordingly the Group and parent Charitable Company Financial Statements have been prepared on a going concern basis. Inspire Wellbeing. the parent charitable company. provides financial supporl to two of ils wholly owned trading subsid iary undertakings that operate in line with the Inspire Wellbeing's Vision and Mission. Carecall INI) Lim ited and EAP Consultants Limited. The forecasts of these subsidiaries both show improvement., however the subsidiaries continue lo require support from the parent charitable company at this time. Inspire Wellbeing is forecast to remain cash positive and has indicated its intent to support both companies for at least one year after the financial Stalemenls are signed. Aidan Browne (Chairl Jill Harrower-steele (Vice Chairl 28 October 2024 34 Inspire Wellbeing Annual Report Year Ended 31 March 2024