2023-10-31-accounts

Trustees’ Annual Report for the period

From 01/06/2022 Period start date To 31/10/2023 Period end date

Charity name:INSPIRE STRATFORD CIO

Charity registration number:1117662

Objectives and Activities

	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17	To manage a hospitality centre in Stratford in the Westfield Shopping Mall Rest and Faith Space for all faiths or none
Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts.	Para 1.17 and 1.19	The Inspire Stratford manages the Rest and Faith Space in Westfield Shopping Mall catering to guests of all faiths or none in a non-denominational, well appointed and pleasant environment for relaxation, reflection, meditation or private prayer
Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit	Para 1.18	The trustees have considered the Charity Commission’s general guidance on public benefit and in particular the supplementary guidance on the advancement of religion as this is a service run by Christian volunteers.

Additional information (optional) You may choose to include further statements where relevant about:

SORP reference Not applicable Para 1.38 Policy on grant making Not applicable Para 1.38 Policy on social investment including program related investment They volunteer their time Para 1.38 Contribution made by volunteers Other

Achievements and Performance

	SORP reference
Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole.	Para 1.20	The Inspire Stratford CIO has been running the Rest and Faith Space since 2012 providing a welcoming haven from the frantic hustle and bustle of the shopping mall to any and all who need to relax, reflect, meditate or have private prayers. We have received numerous positive feedback from the users of our services and voluntary cash donations in appreciation.

Additional information (optional) You may choose to include further statements where relevant about:

Achievements against objectives set	Para 1.41
Performance of fundraising activities against objectives set	Para 1.41	N/A
Investment performance against objectives	Para 1.41	Not applicable
Other

Financial Review

Financial Review
Review of the charity’s financial position at the end of the period	Para 1.21	The charity is a small charity whose income is mainly from donations from users of the service and whose main expenditure is annual renewal of Insurance. We have no rental liability We continue to break even but will look into improving our income stream
Statement explaining the policy for holding reserves stating why they are held	Para 1.22
Amount of reserves held	Para 1.22	Not applicable
Reasons for holding zero reserves	Para 1.22	There is no great fluctuations in the outgoings and our cash is adequate to meet our projected expenditure for 3 years.
Details of fund materially in deficit	Para 1.24	No deficit
Explanation of any uncertainties about the charity continuing as a going concern	Para 1.23	No concerns

Additional information (optional) You may choose to include further statements where relevant about:

The charity’s principal sources of funds (including Para 1.47 any fundraising) Investment policy and objectives including any Para 1.46 social investment policy adopted A description of the principal Para 1.46 risks facing the charity Other

Structure, Governance and Management

Description of charity’s trusts:
Type of governing document (trust deed, royal charter)	Para 1.25	Trust deed
How is the charity constituted? (e.g unincorporated association, CIO)	Para 1.25	CIO
Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees	Para 1.25	The existing trustees are responsible for the recruitment of new trustees. Potential trustees are invited to attend trustee’s meetings as observers. Appointment is then made after consideration of the person’s eligibility, personal competence, specialist knowledge and skills.

Additional information (optional) You may choose to include further statements where relevant about:

Policies and procedures adopted for the induction and training of trustees	Para 1.51
The charity’s organisational structure and any wider network with which the charity works	Para 1.51	The Charity trustees are responsible for the general management of the charity The trustees give their time freely and receive no renumeration or other benefits. The trustees meet quarterly but more frequently if necessary The Volunteers who are the most important resource of the charity meet every quarter but have a reporting book for documenting any significant events on their shift and informing the trustees of any concerns
Relationship with any related parties	Para 1.51
Other

Reference and Administrative details

Charity name	INSPIRE STRATFORD CIO
Other name the charity uses
Registered charity number	1117662

Charity’s principal address	222 Masterman Road
	London E6 £NJ

Names of the charity trustees who manage the charity

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20	Trustee name	Office (if any)	Dates acted if not for whole year	Name of person (or body) entitled to appoint trustee (ifany)
	Dr Taiwo Okun	Secretary	15/01/2023 – 31/10/2023
	Rev Patrick Mossop
	Rev Elizabeth Osei
	Rev Janetta Brathwaite
	Isobelle Loughrey

– Corporate trustees names of the directors at the date the report was approved Director name

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year

Funds held as custodian trustees on behalf of others

Description of the assets Not applicable held in this capacity Name and objects of the Not applicable charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for Not applicable safe custody and segregation of such assets from the charity’s own assets

Additional information (optional)

Names and addresses of advisers (Optional information)

Type of	Name	Address
adviser

Name of chief executive or names of senior staff members (Optional information)

Exemptions from disclosure

Reason for non-disclosure of key personnel details

Other optional information

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) Full name(s) Dr Taiwo Okun

Position (eg Secretary, Secretary Chair, etc)

Date 05/08/2024

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