## **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.
Page 1
## **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.
- To date: 102 graduates (Certificate in Biblicale Studies) and 26 graduates (Certificate in Ministry Foundation)
- Current enrolment: 14 Certificate in Biblical Studies and 5 Certificate in Ministry Foundation.
- 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
Page 2
## **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
Page 4
## **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
- (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 24 October 2025 and wre signed on its behalf by
U Nwuga - Trustee
The notes form part of these financial statements
Page 5
## **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|
Page 6
## **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|
Page 7
## **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
Page 8
## **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**|
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 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
- 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
5 November 2025
Page 3