## **REGISTERED COMPANY NUMBER: 05614837 (England and Wales) REGISTERED CHARITY NUMBER: 1117603**
**Report of the Trustees and Unaudited Financial Statements for the Year Ended 30 November 2021 for**
**FRESH INSPIRATION**
## **FRESH INSPIRATION**
**Contents of the Financial Statements for the year ended 30 November 2021**
||Page|
|---|---|
|Report of the Trustees|1 to 2|
|Independent Examiner's Report|3|
|Statements of Financial Activities|4|
|Balance Sheet|5|
|Notes to the Financial Statements|6 to 8|
|Detailed Statement of Financial Activities|9|
## **FRESH INSPIRATION**
## **Report of the Trustees**
## **for the year ended 30 November 2021**
The trustees who is also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statement of the charity for the year ended 30 November 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number**
05614837 (England and Wales)
## **Registered Charity number**
1117603
## **Registered office**
8 Drovers Way Newton Longville Buckinghamshire MK17 0HR
**Trustees** A O Komolafe Resigned 31 March 2021 F O Komolafe A Pinherio Uzo Nwuga Celia Kruse R Williams
**Company Secretary** F O Komolafe
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
Fresh Inspiration is a charitable company limited by guarantee. It is governed by a Memorandum and Articles of Association and controlled by the Directors for the purpose of company law.
## **Principal Activity**
The principal activity of the company in the year under review was the advancement of the Christian faith.
## **Risk management**
The trustees have addressed the major risks to which the charity is exposed, in particular those relating to specific operational areas of the charity and its finances. The directors believe that by monitoring reserve levels, by ensuring controls exist over key financial systems and by examining the operational and business risks faced by the charity, they have established effective systems to mitigate those risks.
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
The charity has one main objective:
To promote, uphold and advance the principles of the Christian faith.
It pursues this objective through the establishment of services, collaborations with Christian churches and other similar minded organisations in any part of the world rendering support and services to communities and/or persons in need.
## **Plans for the future**
The charity is continually looking for ways of reaching out and spreading the principles of the Christian faith in an effective manner by getting more involved in the local communities in different parts of the United Kingdom and other parts of the world, teaching, providing resources and actively supporting existing and initiating new activities and programmes.
Page 1
## **FRESH INSPIRATION**
## **Report of the Trustees**
## **for the year ended 30 November 2021**
As an organisation we are determinedto be responsive to the needs of people and respectfut to all. We have evolved and responded to the needs of our community. Despite the pandemic, our services were delivered.We introduced vitual channels to drivethe vision and objectives of FI. We continue to grow our reach through the teaching, podcasts, videos and blogs The COVID -19 lockdown was eased and there was slight improvement in our services to the communities around us and overseas We did not fully return toconventional programmes due to level of restrictions and people's cautiousness in their approach to return to normality, we are determined to serve and we continued in virtual format using various online channels.
## **FRESH INSPIRATION TEACHING**
Fresh inspiration continued teaching the truth of the gospel making use of online channels during the pandemic and adapted the programmes to different audiences. In the year we produced31 teachings on FI podcast started in 2021. The daily declaration are very well received with messages of thanks and appreciation including words like "I really needed that". In 2021 we celebrated our365th daily declaration. Over 600 minutes of video recordings of teachings this year are on our Youtube channel.
**Faith Builders Masterclass:** A monthly Saturday morning kickstart class focused on faith maturity and God's promises. The class continued as online. This masterclass has really helped participant in building their faith with reports of great testinonies from the participants. There were 7 enlightening and transformational morning mettings in 2021; 83 Unique Attendees across all the Faith Builders meetings.
**Fresh Insights l Lunch & Learn:** is a Wednesday lunchtime platform for network of professional believers to share their experience in workplace and how their faith has strengthened them through the journey thereby encouraging one another. There were 12 exciting and engaging Lunchtime Meetings in 2021- 185 Unique Attendees Across All Fresh Insight Meetings. The range of topics were incredible.
## **Marriage Seminars & Counselling**
We did not hold a marriage seminarin the year, but we continue delivering the counselling service virtually via Zoom and in person
## **INTERNATIONAL PARTNERSHIPS**
The International missions work in 5 more countries, Kenya (HOYWIK), Uganda (WIED and Dreams Children's Home), Nigeria(CDLI) Liberia and Sierra Leone. There are various unprecedented challenges that our partners' beneficiaries face, but we are able to continue to support in providing healthcare, education, feeding, safe living environment, and training. This was made possible through the sacrificial giving of our donors, coupled with prayers and counselling. We have not been able to travel for international missions trip to work with our partners on the ground, but we continue to provide prayer and support as needed.
## **FRESH INSPIRATION BIBLE INSTITUTE**
FIBI started in 2019 with 12 students. Today, we have 27 graduates of Certificate in Biblical Studies and 3 graduates of Certificate in Ministry Foundation. We currently have 27 students studying for Certificate in Biblical Studies and 7 for Certificate in Ministry Foundation.
We engage the communities through our missions and evangelism projects both locally and internationally. The Year 1 students ran a virtual F.A,I.T.H concert during the lockdown as part of their learning. This practical evangelism witnessed to over 200 online live viewers. The Year 2 students undertook a missions project reaching out to spouses who had lost loved ones through generosity, hospitality and acts of kindness.
## **FRESH YOUTH MILTON KEYNES(FYMK)**
Youth development is one of the key pillars of FI, developing the next generation of leaders. FYMK started through timely revelation and conviction of a need for development and support for young people in our local community of Milton Keynes and throughout our spheres of engagement. We work in partnership with businesses, community groups, local authorities, and education providers to significantly improve employability and educational outcomes of young people age 16-25 through one to one Mentoring, Empowerment Workshops and Business Exposure.
## **Thanks And Appreciation**
We are particularly thankful to the charity donors, the team and volunteers who have been so generous in their sacrificial contributions of time, efforts and finances to the ongoing work to see lives touched and changed for the better in the year.
Approved by order of the board of trustees on 29 August 2022 and signed on its behalf by
A. Pinheiro - Trustee
Page 2
## **FRESH INSPIRATION**
## **Statements of Financial Activities**
## **for the year ended 30 November 2021**
|**Notes**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
Investment Income
**Total**
**EXPENDITURE ON**
Raising funds
**Charitable activities**
Charitable activities
**Total**
**NET INCOME/(EXPENDITURE)**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**TOTAL FUNDS CARRIED FORWARD**|**2021**
**2020**
**Unrestricted**
**Restricted**
**Total**
**Total**
**fund**
**fund**
**funds**
**funds**
**£**
**£**
**£**
**£**
35837
40851
**76688**
29136
2
-
2
4|
|---|---|
||**35839**
**40851**
**76690**
**29140**
3602
10631
14233
12393
8460
18726
27186
9402|
||**12062**
**29357**
**41419**
**21795**|
||23777
11494
35271
7345
13573
6000
19573
12228|
||**37350**
**17494**
**54844**
**19573**|
## **CONTINUING OPERATIONS**
All income and expenditure has arisen from continuing activities
The notes form part of these financial statements
Page 4
## **FRESH INSPIRATION**
## **Balance Sheet At 30 November 2021**
|**Notes**
**FIXED ASSETS**
Tangible assets
8
**CURRENT ASSETS**
Debtors
Cash at bank
**CREDITORS**
Amounts falling due within one year
9
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**NET ASSETS**
**FUNDS**
10
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|**2021**
**2020**
**Unrestricted**
**Restricted**
**Total**
**Total**
**fund**
**fund**
**funds**
**funds**
**£**
**£**
**£**
**£**
1917
-
1917
2224
0
-
0
-
34527
18600
53127
17649|**2021**
**2020**
**Unrestricted**
**Restricted**
**Total**
**Total**
**fund**
**fund**
**funds**
**funds**
**£**
**£**
**£**
**£**
1917
-
1917
2224
0
-
0
-
34527
18600
53127
17649|
|---|---|---|
||36444
18600
55044
19873
200
0
200
300||
||**36244**
**18600**
**54844**
**19573**||
||**36244**
**18600**
**54844**
**19573**||
||**36244**
**18600**
**54844**
**19573**||
|||37350
13573
17494
6000|
|||**54844**
**19573**|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2021
The members have not required the charitable company to obtain an audit of its financial statements for the year ended 30 November 2021 in accordance with Section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for
- (a) ensuring that the charitable company keeps accounting records that comply with Section 386 and 387 of the Companies Act 2006 and
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Section 394 and 395 which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small charitable companies.
The financial statements were approved by the board of trustees on 29 August 2022 and wre signed on its behalf by
A Pinheiro - Trustee
The notes form part of these financial statements
Page 5
## **FRESH INSPIRATION**
## **Notes to the Financial Statements For the year ended 30 November 2021**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charitable company, which is a public benefit entity under FRS 102,have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where cost cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures & equipment 10% on Cost
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the director.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restriction arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **2. ACTIVITIES FOR GENERATING FUNDS**
|Donations
Other income
Gift
**3. INVESTMENT INCOME**
Deposit account interest|**2021**
**2020**
£
£
19324
18010
46621
11126
10743
-|
|---|---|
||76688
29136|
||**2021**
**2020**
£
£
2
4|
Page 6
## **FRESH INSPIRATION**
## **Notes to the Financial Statements**
## **for the year ended 30 November 2021**
## **4. NET INCOMING/(OUTGOING) RESOURCES**
Net resources are stated after charging/(crediting)
|Depreciation - owned assets
Deficit on disposal of fixed asset
**5. RAISING FUNDS**
Raising donations and legacies
Support costs
**6. TRUSTEES'S REMUNERATION AND BENEFITS**|**2021**
**2020**
£
£
307
307
-
-|
|---|---|
||**2021**
**2020**
£
£
26779
9402|
||**2021**
**2020**
£
£
-
-|
There were no trustees expenses paid for the year ended 30 November 2021 nor for the year ended 30 November 2020
## **7. STAFF COSTS**
The average monthly number of employees during the year was as follows:
Administration
|**2021**|**2020**|
|---|---|
|18726|-|
## **8. TANGIBLE FIXED ASSETS**
|**8. TANGIBLE FIXED ASSETS**||
|---|---|
|**Cost**
At 1 December 2020
Additions
**Depreciation**
At 1 December 2020
Charge for year
**NET BOOK VALUE**
At 30 November 2021
At 30 November 2020|**Fixtures &**
**Computer**
**Totals**
**Equipment **
£
£
£
3075
0
3075
0
0
0|
||3075
0
3075|
||851 -
851
307 -
307|
||1158 -
1158|
||1917 -
1917|
||2224 -
2224|
Page 7
## **FRESH INSPIRATION**
## **Notes to the Financial Statements**
## **for the year ended 30 November 2021**
## **9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|**9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||||
|---|---|---|---|---|
|||**2021**||**2020**|
||£||£||
|Accruals and deferred income||200||300|
## **10. MOVEMENT IN FUNDS**
|**10. MOVEMENT IN FUNDS**||
|---|---|
|**Unrestricted funds**
General fund
**Restricted fund**
Missions fund
**TOTAL FUNDS**|**Net**
**Transfers**
**movement**
**between**
**At**
**At 1.12.20**
**in funds**
**funds**
**30.11.21**
**£**
**£**
**£**
**£**
13573
23777
-
37350
6000
11494
-
17494|
||**19573**
**35271**
**-**
**54844**|
Net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
Missions fund
**TOTAL FUNDS**|**Incoming**
**Resources Movement**
**resources**
**expended**
**in funds**
£
£
£
35839
(12062)
23777
40851
(29357)
11494|
|---|---|
||**76690**
**(41419)**
**35271**|
## **11. RELATED PARTY DISCLOSURES**
There are no related party transactions for the year ended 30 November 2021
Page 8
## **FRESH INSPIRATION**
## **Detailed Statement of Financial Activities for the year ended 30 November 2021**
|**INCOME AND ENDOWMENTS**
Donations
Gifts
Other Income
Deposit interest
**EXPENDITURE**
**Raising donations and legacies**
Missions
Seminars
Others
**Charitable activities**
Advert & promotions
Telephone
Post & stationery
Bank charges
Grants & awards
Insurance
Rent
**Support costs**
**Human Resources**
Wages
Social security
**Others**
Travel
General expenses
Depreciation
Refreshments
**Governance costs**
Legal & professional fees
**Total Resources expended**
**Net income/(expenditure)**|**2021**
**2020**
£
£
19324
18010
10743
-
46621
11126
2
4|
|---|---|
||76690
29140|
||10631
7808
1556
4132
2046
453|
||14233
12393
6
1339
293
499
2932
928
30
30
450
1905
285
285
3104
3734|
||7100
8720
15913
0
2813
0|
||18726
0
0
0
450
0
307
307
195
0|
||952
307
408
375|
||408
375|
||**41419**
**21795**|
|||
||**35271**
**7345**|
Page 9
## **FRESH INSPIRATION**
## **Independent Examiner's Report to the Trustees**
I report to the Charity Trustees on my examination of the accounts of the company for the year ended 30 November 2021
## **Responsibilities and basis of report**
As the charity's trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ("the 2006 Act")
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011("the 2011 Act"). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no matters have come to my attention in connection with my examination giving me cause to believe
- 1 accounting records are not kept in respect of the Company as required by section 386of the 2006 Act or
- 2 the accounts do not accord with those records, or
- 3 the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirements that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
- 4 the accounts have not been prepared in accordance with the method and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)]
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in other to enable a proper understanding of the accounts to be reached.
Mr O Obidipe
30 August 2022
Page 3