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 2024 for
FRESH INSPIRATION
FRESH INSPIRATION
Contents of the Financial Statements for the year ended 30 November 2024
| 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 2024
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 2024. 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
Margaret Powell House Midsummer Boulevard Milton Keynes, England MK9 3BN
Trustees
F O Komolafe
A Pinherio Uzo Nwuga 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.
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FRESH INSPIRATION
Report of the Trustees for the year ended 30 November 2024
Fresh Inspiration (FI) continues to equip, strengthen and inspire individulas through biblical teaching, leadership development and pratical Christian service. We remain committed to being responsive to the needs of people and delivering programmes both online and in-person, expanding our reach through teaching sessions, podcasts, videos, blogs, counselling and seminars.
Teaching and Discipleship
FI continued to teach the gospel through online content. New podcast teachings were published on Apple, Spotify and Buzzsprout. There are teachings videos made available on YouT and Instagram.
Marriage Courses & Counselling
We had a marriage seminar in June 2024, there were 40 couples and 2 premarital or engaged to be married couples in attendance. We continue delivering the councelling service virtually via Zoom and in person while we had 2 couples in person.
International Missions
We maintained active partnerships in Kenya, Uganda, Nigeria and Sierra Leone. Through donor generosity, we continued helping to provide healthcare, feeding support, education, safe accomodation and pastoral care for beneficiaries overseas.
Fresh Inspiration Bible Institute
FIBI, launched in 2019, continues to taech believers to live by the truth and teach the truth of the bible.
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To date: 102 graduates (Certificate in Biblicale Studies) and 26 graduates (Certificate in Ministry Foundation)
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Current enrolment: 14 Certificate in Biblical Studies and 5 Certificate in Ministry Foundation.
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Students organised local and international evangelism and outreach initiatives as part of their training.
Acknowledgement
The Trustees express sincere appreciation to our donors, staff, volunteers and partners. Your continued commitment has made it possible to teach, support and transforn lives throughout the year. Thank you for giving your time, gifts and resources to advance the vision of Fresh Inspiration.
Approved by order of the board of trustees on 24 October 2025 and signed on its behalf by
- U. Nwuga - Trustee
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FRESH INSPIRATION
Statements of Financial Activities
for the year ended 30 November 2024
| Notes INCOME AND ENDOWMENTS FROM Donations, Gifts and legacies 2 Investment Income Total EXPENDITURE ON Charitable activities General activities Total NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
2024 2023 Unrestricted Restricted Total Total fund fund funds funds £ £ £ £ 43333 32593 75926 41492 504 0 504 293 |
|---|---|
| 43837 32593 76430 41785 8165 29030 37195 45063 34844 0 34844 13647 |
|
| 43009 29030 72039 58710 |
|
| 828 3563 4391 -16925 21998 0 21998 38923 |
|
| 22826 3563 26389 21998 |
CONTINUING OPERATIONS
All income and expenditure has arisen from continuing activities
The notes form part of these financial statements
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FRESH INSPIRATION
Balance Sheet At 30 November 2024
| 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 |
Unrestricted Restricted fund fund £ £ 3787 - 2000 - 21252 0 |
2024 2023 Total Total funds funds £ £ 3787 3745 2000 - 21252 18703 |
|---|---|---|
| 27039 0 650 0 |
27039 22448 650 450 |
|
| 26389 0 |
26389 21998 |
|
| 26389 0 |
26389 21998 |
|
| 26389 0 |
26389 21998 |
|
| 26389 21998 0 0 |
||
| 26389 21998 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024
The members have not required the charitable company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Section 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable
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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 24 October 2025 and wre signed on its behalf by
U Nwuga - Trustee
The notes form part of these financial statements
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FRESH INSPIRATION
Notes to the Financial Statements For the year ended 30 November 2024
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 Computer equipment 25% 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 Aid Rebate 3. INVESTMENT INCOME Deposit account interest |
2024 2023 £ £ 22969 21591 34922 19901 18035 0 |
|---|---|
| 75926 41492 |
|
| 2024 2023 £ £ 504 293 |
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FRESH INSPIRATION
Notes to the Financial Statements
for the year ended 30 November 2024
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 |
2024 2023 £ £ 950 785 - - |
|---|---|
| 2024 2023 £ £ 27476 12627 |
|
| 2024 2023 £ £ - - |
There were no trustees expenses paid for the year ended 30 November 2024 nor for the year ended 30 November 2023
7. STAFF COSTS
The average monthly number of employees during the year was 1. (2023 - Nil)
| 7. STAFF COSTS The average monthly number of employees during the |
year was 1. (2023 - Nil) | |
|---|---|---|
| 2024 | 2023 | |
| Administration | 5901 | 0 |
8. TANGIBLE FIXED ASSETS
| Cost At 1 December 2023 Additions Depreciation At 1 December 2023 Charge for year NET BOOK VALUE At 30 November 2024 At 30 November 2023 |
Fixtures & Computer Totals Equipment £ £ £ 5532 928 6460 557 435 992 |
|---|---|
| 6089 1363 7452 |
|
| 2251 464 2715 609 341 950 |
|
| 2860 805 3665 |
|
| 3229 558 3787 |
|
| 3281 464 3745 |
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FRESH INSPIRATION
Notes to the Financial Statements for the year ended 30 November 2024
9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||
|---|---|---|---|---|
| 2024 | 2023 | |||
| £ | £ | |||
| Accruals and deferred income | 650 | 450 |
| 10. MOVEMENT IN FUNDS At 1.12.23 £ Unrestricted funds General fund 21998 Restricted fund Missions fund 0 TOTAL FUNDS 21998 Net movement in funds, included in the above are as follows: Unrestricted funds General fund Restricted funds Missions fund TOTAL FUNDS |
At 1.12.23 £ 21998 0 |
Net Transfers movement between At in funds funds 30.11.24 £ £ £ 828 - 22826 3563 - 3563 |
|---|---|---|
| 21998 | 4391 - 26389 |
|
| Incoming Resources Movement resources expended in funds £ £ £ 43837 (43009) 828 32593 (29030) 3563 |
||
| 76430 (72039) 4391 |
11. RELATED PARTY DISCLOSURES
There are no related party transactions for the year ended 30 November 2024
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FRESH INSPIRATION
Detailed Statement of Financial Activities for the year ended 30 November 2024
| INCOME AND ENDOWMENTS Donations Gifts Aid Rebate Other Income Deposit interest EXPENDITURE Charitable activities Missions Seminars Others General activities Advert & promotions Telephone Post, Stationery & IT 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) |
2024 2023 £ £ 22969 21591 18035 0 34922 19901 504 293 |
|---|---|
| 76430 41785 |
|
| 31030 37668 4186 4045 1979 3350 |
|
| 37195 45063 1254 338 3749 1735 5352 2295 110 98 11102 4520 345 250 5564 3391 |
|
| 27476 12627 5901 0 0 0 |
|
| 5901 0 0 0 137 0 950 785 0 0 |
|
| 1087 785 380 235 |
|
| 380 235 |
|
| 72039 58710 |
|
| 4391 -16925 |
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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 2024
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
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1 accounting records are not kept in respect of the Company as required by section 386of the 2006 Act or
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2 the accounts do not accord with those records, or
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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
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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
5 November 2025
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