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2022-12-31-accounts

ANNUAL REPORTS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2022

INSPIRITED MINDS

(Charitable Incorporated Organisation)

CHARITY REGISTRATION No: 1155949

Castle View Accounting Ltd New Barn Mudberry Lane Bosham Chichester West Sussex PO18 8TS

INSPIRITED MINDS

(Charitable Incorporated Organisation)

CONTENTS

Page 3 Legal and Administrative Information
Pages 4 to 5 Trustees' Report
Page 6 Statement of Financial Activities
Page 7 Balance Sheet
Pages 8 to 13 Notes to the Financial Statements
Page 14 Independent Examiner's Report

2

INSPIRITED MINDS

(Charitable Incorporated Organisation)

LEGAL AND ADMINISTRATIVE INFORMATION

CHARITY NUMBER

CHARITY NUMBER 1155949 DATE OF REGISTRATION 27th February 2014 START OF FINANCIAL YEAR 1st January 2022 END OF FINANCIAL YEAR 31st December 2022 TRUSTEES AT 31ST DECEMBER 2022 Shahrina Ahmed Shafeek Caunhye Saeed Nasser Talat Baig

LEGAL STATUS Charitable Incorporated Organisation

GOVERNING INSTRUMENT

CIO - Foundation Registered 27th February 2014

OBJECTS

The relief of sickness and the preservation of health among sufferers of mental illness specifically in the Muslim community, in particular but not exclusively the provision of Islamic advice, spiritual healing, medical advice, counselling and legal advice where required, as well as support via support workers.

CORRESPONDENCE ADDRESS

CORRESPONDENCE ADDRESS 175 Boundary Road London E17 8NG PRIMARY BANKERS Barclays Bank Plc 1 Churchill Place London E14 5HP

INDEPENDENT EXAMINERS

Castle View Accounting Ltd New Barn Mudberry Lane Bosham Chichester West Sussex PO18 8TS

3

INSPIRITED MINDS

(Charitable Incorporated Organisation)

TRUSTEES' REPORT FOR THE YEAR ENDED 31ST DECEMBER 2022

Objectives and Activities

1 . Putting the needs of those affected by mental health problems first and supporting them in their recovery through services informed by Islamic principles.

Provided advice or counselling to clients regarding mental health.

Have events and workshops to raise mental health awareness and reduce stigma.

Produced research and materials to raise mental health awareness.

Carried out online campaigns getting the public involved in raising awareness about mental health.

Achievements and Performance

• We conducted 8, 2 part webinars on topics like Domestic Abuse and Violence, Addictions and Jinn Possession and Mental Health with the aim of improving mental health and wellbeing for Muslim communities. These were received well by the community and engaged with positively, mashAllah.

• In addition to the webinars, we received a total of 24 workshop requests from Mosques, community centres and schools to host independent trainings and workshops! You can send your request in here.

• We had a combined number of over 500 attendees for all of our outreach activities this year, with all attendees providing us a rating of 8 or above on a scale of 10. More than 80% also said that it had improved their perception of mental health and would recommend the training to their friends and family. Additional comments included the request for more discussion times, more topic ideas, and more case studies: All of which point in the right direction that conversations are being created and mental health is becoming a priority for our community.

• We collaborated with Papyrus UK, releasing a 2-part podcast and featuring on their #ToMyFellow campaign for #WorldMentalHealthDay2022 in prioritising suicide awareness and support for all. This feature actually resulted in our highest viewed reel of all time.

• We conducted our first post-pandemic, in-person, SOLD-OUT event called Normal-ish to normalise conversations around mental health. Thanks to our humble torchbearers, generous donors and supporters, in 2022 we raised a total of £26,255.

4

INSPIRITED MINDS (Ch￿ab￿ IrKKrM)rated (Trgantsa¢K￿I TRUSTEES. REPORT IContinu•dl FOR THE YEAR ENDED JIST DECEMBER 2022 Tntsteas, R•s￿￿￿11t1 Th¢ ¢hariti¢s A¢t 2011 r¢4uirty) trust￿ tts fwtial ¢•¢h yw 9NO a tru# and f•r y￿W of the stste of affwrs of Ihe CIO aTrJ ofthe of Ihe CIO fcf Ihat [￿￿J. In kKepanr#J t￿ ststemenl$ the Irusie88 arè required to". . Seknt suitaL4e KcLxJnlirvJ and . make1￿jgeTr￿)ts and estimates tr1 are rwiwfje arn1 . Prepare finaroal 5tsleff￿ts c(tem b•w5 it is to CIO 1 continue in exIster￿e. fina￿la1 ofthe CIO. They rowstt4e safeguardry t1￿ •550ts c1t1￿ CXl8rYJ Icrf ts￿"ry reason Steps the pr8v8nlion KJ dele¢tx￿ of frawl •1 (thr irregu￿¥. 18/09/2023 AFFro¥ed ty trTrwt¢es cm...................... ......................................................................................................... on thor bth•Wty Tnkn........................................................................................................................... Pdntod N4m*. TALAT BAIG

INSPIRITED MINDS

(Charitable Incorporated Organisation)

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2022

Notes
INCOMING RESOURCES
Incoming Resources from Generated Funds
Donations, Grants & Legacies
3a
Charitable Activities
3b
Investment Income
3c
Activities for Generating Funds
3d
Other Incoming Resources
3e
TOTAL INCOMING RESOURCES
RESOURCES EXPENDED
Costs of Generating Funds
Cost of Charitable Activities
4a
Governance Costs
4b
TOTAL RESOURCES EXPENDED
NET INCOMING (OUTGOING) RESOURCES
Funds Brought Forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
Restricted
TOTAL
TOTAL
Funds
Funds
2022
2021
£
£
£
£
70,830
-
70,830
62,293
26,992
-
26,992
19,831
-
-
-
-
4,873
-
4,873
1,067
352
-
352
9
103,047
-
103,047
83,200
104,242
-
104,242
68,313
1,678
-
1,678
1,953
105,920
-
105,920
70,266
(2,873)
-
(2,873)
12,933
53,843
-
53,843
40,910
50,970
-
50,970
53,843

Movements on all reserves and all recognised gains and losses are shown above. All of the organisation's operations are classed as continuing.

The notes on pages 8 to 13 form part of these financial statements.

6

INSPIRITED MINDS (charitab￿ I[￿Irr￿ted Organisaknn} BALANCE SHEET ASAT 31ST DECEMBER 2022 TLAI 31-Dvc-21 31-Ovc-22 FIx0d Ass•tS Investments Total Flx•d Aw•t8 Curr•ThtA•••t Debtors & Prep8￿en15 Cagh 81 Bank and In H8Th1 CuwT•DtA¥¥•ts 51.6TO 51,670 51ffi70 51.670 54.443 Cr•dfjt￿ AtTh*nts du8 whNn NET CURRENT ASSETS 1.970 50,970 53,843 TOTALASSETS (#Jryert Ik8tths .070 50.970 53.843 Cr•dltoit Amwnl• f•llw Ih•n e year 10 NET AsseTS 80.970 JO,970 33,843 Funds olth• Ch•rlty General FLnds Restrit&J Funds 1.970 970 53A43 50.970 50.970 53,843 18/09/2023 ApFxov¢d Tru¥t¢•¥ M................................................................................................................................. S￿Ded ontw T￿188..... . prtnted Name.. TALAT BAIG

INSPIRITED MINDS

(Charitable Incorporated Organisation)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2022

1. ACCOUNTING POLICIES

Basis of Preparation & Assessment of Going Concern

Basis of Preparation

The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2015) - (Charities SORP - FRS102) and the Charities Act 2011.

The Charity meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost unless otherwise stated in the relevant accounting policy notes.

Assessment of Going Concern

Preparation of the accounts is on a going concern basis. The trustees consider that there are no material uncertainties about the Charity’s ability to continue as a going concern.

Incoming Resources

Recognition of Incoming Resources

These are included in the Statement of Financial Activities (SOFA) when:

▪ the charity becomes entitled to the resources;

▪ the trustees are virtually certain they will receive the resources; and

▪ the monetary value can be measured with sufficient reliability

Incoming Resources with Related Expenditure

Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resource and related expenditure are reported gross in the SOFA.

Grants and Donations

Grants and Donations are only included in the SOFA when the charity has unconditional entitlement to the resources.

Tax Reclaims on Donations and Gifts

Incoming resources from tax reclaims are included in the SOFA at the same time as the gift to which they relate.

Contractual Income and Performance Related Grants

This is only included in the SOFA once the related goods or services have been delivered.

Gifts in Kind

Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SOFA as incoming resources when receivable.

Donated Services and Facilities

These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received.

Volunteer Help

The value of any voluntary help received is not included in the accounts.

Investment Income

This is included in the accounts when receivable.

Investment Gains and Losses

This included any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year.

8

INSPIRITED MINDS

(Charitable Incorporated Organisation)

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2022

1. ACCOUNTING POLICIES (continued)

Expenditure and Liabilities

Liability Recognition

Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.

Governance Costs

Include costs of the preparation and examination of statutory accounts, the costs of the trustees meetings and cost of any legal advice to trustees on governance or constitutional matters.

Grants with Performance Conditions

Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SOFA once the recipient of the grant has provided the specified service or output.

Grants Payable without Performance Conditions

These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to a grant which remain in control of the charity.

Investments

Investments quoted on a recognised stock exchange are valued at market value at the year end. Other investment assets are included at trustees' best estimate of market value.

Unrestricted funds

These funds can be used for the general objectives of the charity as set out in the trustees report. The movements of the unrestricted funds are given in the Statement of Financial Activities.

Restricted funds

These funds are where the donor has specified a purpose for the donation made. These restrictions often arise as a result of appeals for special offerings for specific purposes.

Designated funds

These funds are funds set aside by the trustees out of unrestricted general funds for particular purposes or projects.

Fixed Assets

Fixed Assets are capitalised if they can be used for more than one year and cost at least £1,500. They are valued at cost or, if gifted, at the value to the charity on receipt.

Depreciation Expense

Depreciation is calculated at a rate to write off the cost of tangible fixed assets over their estimated useful lives. The rates applied are as follows:

Fixtures, Fittings and Equipment

25% - Reducing Balance Basis

2. TANGIBLE FIXED ASSETS

The CIO held no fixed assets during this or the previous financial year.

The annual commitments under non-cancelling operating leases and capital commitments are as follows: 31st December 2022 : None

31st December 2021 : None

9

INSPIRITED MINDS

(Charitable Incorporated Organisation)

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2022

3. INCOMING RESOURCES

a) Donations, Grants & Legacies
Gifts & Donations
Grants Received
b) Charitable Activities
Counselling Income
c) Investment Income
Interest
d) Activities for Generating Funds
Event Tickets
Shop Sales
e) Other Incoming Resources
Sundry Income		 Unrestricted
Restricted
TOTAL
TOTAL
Funds
Funds
2022
2021
£
£
£
£
17,213
-
17,213
26,255
53,617
-
53,617
36,038
70,830
-
70,830
62,293
26,992
-
26,992
19,831
26,992
-
26,992
19,831
-
-
-
-
-
-
-
-
3,350
-
3,350
1,067
1,523
-
1,523
-
4,873
-
4,873
1,067
352
-
352
9
352
-
352
9

10

INSPIRITED MINDS

(Charitable Incorporated Organisation)

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2022

4. RESOURCES EXPENDED

a) Cost of Charitable Activities
Activities & Events
Advertising & Publicity
Contract Services
Fundraising Costs
Licenses & Subscriptions
Office Costs
Rent & Rates
Staff Costs
12
Sundry Expenses
Training Costs
`
b) Governance Costs
Independent Examiners Fees
9
Legal & Professional Fees		 Unrestricted
Restricted
TOTAL
TOTAL
Funds
Funds
2022
2021
£
£
£
£
1,418
-
1,418
1,480
873
-
873
920
11,398
-
11,398
9,680
222
-
222
216
100
-
100
-
3,900
-
3,900
2,289
1,198
-
1,198
-
83,776
-
83,776
52,067
84
-
84
219
1,273
-
1,273
1,443
104,242
-
104,242
68,313
700
-
700
600
978
-
978
1,353
1,678
-
1,678
1,953

11

INSPIRITED MINDS

(Charitable Incorporated Organisation)

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2022

5. RESTRICTED FUNDS

The CIO held no restricted funds during this or the previous financial year.

6. INVESTMENTS

The CIO held no fixed assets investments during this or the previous financial year.

7. CASH AT BANK AND IN HAND

Unrestricted Restricted Total
Total
Fund Fund 31-Dec-22
31-Dec-21
£ £ £
£
Cash at Bank & in Hand 51,670 -
51,670
54,443
51,670 -
51,670
54,443
8. DEBTORS AND PREPAYMENTS
Sundry Debtors		 Unrestricted
Fund
£
-		 Restricted
Fund
£		 Total
Total
31-Dec-22
31-Dec-21
£
£
-
-
-
- -
-
-
9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Independent Examiners Fees		 Unrestricted
Fund
£
700		 Restricted
Fund
£		 Total
Total
31-Dec-22
31-Dec-21
£
£
-
700
600
700 -
700
600

10. CREDITORS: AMOUNTS FALLING DUE IN MORE THAN ONE YEAR

The CIO held no long term liabilities during this or the previous financial year.

11. NET ASSETS BETWEEN FUNDS

Fixed Asset Investments
Net Current Assets
Long Term Liabilities		 Unrestricted
Restricted
Total
Total
Funds
Funds
31-Dec-22
31-Dec-21
£
£
£
£
-
-
-
-
50,970
-
50,970
53,843
-
-
-
-
50,970
-
50,970
53,843

12

INSPIRITED MINDS

(Charitable Incorporated Organisation)

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2022

12. STAFF COSTS AND NUMBERS

TOTAL
2022
£
Gross Wages, Salaries & Fees
83,776
Employer's National Insurance Costs
447
Pension Contributions
604
84,827
Employees who were engaged in each of the following activities:
TOTAL
2022
Charitable Activities
2		 TOTAL
2021
£
51,875
-
-
52,067
TOTAL
2021
2

The Charity operates a PAYE scheme to pay all members of employed staff and no employees received emoluments in excess of £60,000. The Charity also employs members of staff on a self employed basis under a Contract for Services and is therefore not liable for Tax and National Insurance Payments for these contracts.

13. TRUSTEES AND OTHER RELATED PARTIES

During the financial period Trustee Saeed Nasser received £550 for providing supervision session services for Inspirited Minds in furtherance of the Charity's objects.

No other payments were made to trustees or any persons connected with them during this financial period. No other material transaction took place between the organisation and a trustee or any person connected with them.

14. RISK ASSESSMENT

The Trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining the free reserves stated, combined with the annual review of the controls over key financial systems carried out on an annual basis will provide sufficient resources in the event of adverse conditions. The Trustees have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks.

15. RESERVES POLICY

The Trustees have considered the level of reserves they wish to retain, appropriate to the CIO's needs. This is based on the CIO's size and the level of financial commitments held. The Trustees aim to ensure the CIO will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The Trustees will endeavour not to set aside funds unnecessarily.

16. PUBLIC BENEFIT

The CIO acknowledges its requirement to demonstrate clearly that it must have charitable purposes or ‘aims’ that are for the public benefit. Details of how the CIO has achieved this are provided in the Trustees report. The Trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the CIO should undertake.

13

INSPIRITED MINDS (Charitable Incorporated Organisatwjnl INDEPENDENT EXAMINER'S REPORT ON THE ACCOUNTS Rewrt to tf Irusieesl memb5 of Inspirrted Minus on lh& for lh8 year en(IpAJ 31st D￿ember 2022 set out on pages G to 13. Respe¢￿¥¢ reW)#n￿￿1ttlQ• of trust•￿0￿￿ gAJrnlner The charnY5 Iruses are res[￿￿Oie for ine prerA4raTM OT ￿ £ounTS. Tre cnamy's irusiees ￿n￿der thai an audn Is noi required for thls yettr under Jeetion 144 of ts Choritie• AGt 2011 lthe Chori￿8 AGtI and that an independent trxarnination is neaded It is my ￿porn1￿1￿ ttr. exarnine ￿0￿nts under ￿tion 145 of tho Chantiès Ad. follow the orocettures laid down In ts 0grw* Llrth)ns wen by th& Chanty Commisshryn lundor sÈction 14JlJllbl of the Charities AGL atKI

tat• wh•th•r matt•rF hw• lo my attwli

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