# **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. - **2** . Engage, educate and empower communities with regards to mental health and wellbeing. - **3** . Drive research, innovation and technology to enhance mental health support and education. 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** - Our counselling service received more than 250 referrals and conducted over 900 sessions in 2022. • 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 launched an online shop to provide easy access to our resources which has sold more than 200 of our booklets in - 2022. In addition to our self-care booklets we also released 2 reflective faith-based planners: - i) - A Ramadan Planner – which sold out in the first week of Ramadan. - ii) - A Daily Companion – which you can still get for yourself here. - Through your support this Ramadan, we were able to fund 54 webinar sessions, 16 mindful boxes and raise £200 towards - making our resources more accessible through our 5k/10k fasted walk challenges, which had a total of 15 participants. - We successfully released 11 episodes of The Mindful Muslim Podcast and obtained 8000+ views across all our platforms. • 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￿ IrK*KrM)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 tr*1 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 TL*AI 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 memb*5 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 Irus*es 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 Ba•18 gf In&•p•nd•nt •M•mlnw'$ rtatvme Mv eXamIna￿On was Carr￿ OLrt in aCc￿danCe wnlh 98n•ral Dir¢dTho gNen by Charty C￿￿19¥￿)n. An examination Includ¢s • rovl¢w of th• •G¢ouThtiTra reccKda hept by the Ghoriiy and a cth))pailw) uf li)¥ ￿￿ur11s WI¥$Wllud svllli Lliu$¥ r•¢or¢l#. It 41$ty in¢ludg8 wn$Klgralion of any unusual it•ms or disclo￿r#S in th• •¢wunts. arKI w•kin9 oxplanationB from tho tru$t$¢$ ¢orrArning any matters. procthjures undertaktn do Th)t all th¥ 9VKIe￿ thai would bo rgquired In an audiL and Th) opinkn b$ 9￿•Th a$ to wh¢lher ocwjnls presenl a 'iruB and fBir' view the roporl i limiw to Iho4• rnatt•rs s•t out in tho 618lwMnt bekx. Ind•p•nd•nl •xamlnerf• •tat•m•nt In conneclh)n with my 6xatnln41i￿. w riiiill¥r lid¥ tu Illy d1ltvitl￿7.' wh¢¢h give8 me rea80na￿e cau80 lo b8lièv• that in arry mat¥ri?I reipeci the requirernents: to keep accounlino ￿01￿$ ￿ ￿COrdar￿ *ith stsclion 130 ofthe charit￿ Acl.. lo prepare ac(vunls whith with rec•ydB aTrJ I)?￿Y bvlth th? awo¢Jntln9 requlrements of th? Charities A Iiul b¥wi Iii¥L ui to wh*h, in my O￿niOn, att8nlx)n be drawn in ordÈr lo en8tAÈ a urKletst#nding of a￿nIs to bÈ r¢ach8d. K. Colloku MAAT r.A*tlft InAW Ar.rffjiJntlng I td New 8arn Mudbery Lwe Bosham Chlchesier West Su88ex P018 8TS S•ber 2023 14