INSPIRE COMMUNITY TRUST
Financial health, per its FY2025 accounts
The accounts state that the charity reported a surplus of £289,013 for the year ended 31 March 2025, with total income of £4,780,087 and expenditure of £4,491,074. Per the trustees' report, the charity holds unrestricted reserves of £8,297,617, which exceeds its stated policy target of three months of running costs. The independent auditors issued a qualified opinion due to the inability to verify the Local Government Pension Scheme liability, but confirmed the going concern basis of accounting is appropriate.
What the accounts disclose
“The Chief Executive Officer (CEO) is also a Trustee of Inspire Community Trust. He received a salary of between £100,001 and £110,000 (2024: £120,001 - £130,000).” — page 25
“build and maintain general reserves at a level for running costs for a period of three months and adequate redundancy costs.” — page 10
“During the year, the Trust rented a room at its premises to Ranjit Bhamra (Trustee) at a value of £4,800 per annum. During the year the income amounted to £4,800 (2024: £9,600). The Trust also rented out a room to a close family member of a key management personnel. Rental income of £8,000 (2024: £8,000) was received during the year.” — page 37
“The consolidated financial statements incorporate the results of the charity and its trading subsidiaries, Inspire Medicare Limited and Blossoms Care Home Limited, for the year ended 31 March 2025.” — page 19
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- RANJIT BHAMRAchair
- HUGH NEVILLE MILLER
- Mark Valpy LLoyd
- VINOD KUMAR KHANNA
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £4.8m | £4.5m |
| 31/03/2024 | £4.5m | £4.3m |
| 31/03/2023 | £4.4m | £4.6m |
| 31/03/2022 | £5.1m | £4.8m |
| 31/03/2021 | £5.7m | £5.5m |
Common questions
Is INSPIRE COMMUNITY TRUST financially healthy?
The accounts state that the charity reported a surplus of £289,013 for the year ended 31 March 2025, with total income of £4,780,087 and expenditure of £4,491,074. Per the trustees' report, the charity holds unrestricted reserves of £8,297,617, which exceeds its stated policy target of three months of running costs. The independent auditors issued a qualified opinion due to the inability to verify the Local Government Pension Scheme liability, but confirmed the going concern basis of accounting is appropriate. Its FY2025 accounts were audited by Sargeant Partnership Limited.
What does the highest-paid employee of INSPIRE COMMUNITY TRUST earn?
Per its FY2025 accounts, the highest-paid employee was in the £100,001 - £110,000 band.