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← Inspirited Minds

2023-12-31-accounts

ANNUAL REPORTS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023

INSPIRITED MINDS

(Charitable Incorporated Organisation)

CHARITY REGISTRATION No: 1155949

Castle View Accounting Ltd Ground Floor Offices

53 High Street Arundel West Sussex BN18 9AJ

INSPIRITED MINDS

(Charitable Incorporated Organisation)

CONTENTS

Page 3 Legal and Administrative Information
Pages 4 to 9 Trustees' Report
Page 10 Statement of Financial Activities
Page 11 Balance Sheet
Pages 12 to 17 Notes to the Financial Statements
Page 18 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 2023 END OF FINANCIAL YEAR 31st December 2023 TRUSTEES AT 31ST DECEMBER 2023 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

PRIMARY BANKERS

INDEPENDENT EXAMINERS

175 Boundary Road London E17 8NG Barclays Bank Plc 1 Churchill Place London E14 5HP Castle View Accounting Ltd Ground Floor Offices 53 High Street Arundel West Sussex BN18 9AJ

3

INSPIRITED MINDS

(Charitable Incorporated Organisation)

TRUSTEES' REPORT FOR THE YEAR ENDED 31ST DECEMBER 2023

Objectives and Activities

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

ii) - Engage, educate and empower communities with regards to mental health and wellbeing.

iii) - Drive research, innovation and technology to enhance mental health support and education.

iv) - Provided advice or counselling to clients regarding mental health.

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

vi) Produced research and materials to raise mental health awareness.

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

Achievements and Performance

· Another year has flown by, SubhanAllah!

· Reflecting on 2023 is by no means easy, considering what has happened and is still happening this year. Our hearts and Du’as go out to all those suffering in Palestine, Sudan, Afghanistan and all over the world.

· With the global atmosphere being harsh and horrific, it can be easy to undermine our small gains. At Inspirited Minds, with your support and the support of Allah, we have managed to help so many people with emphasis on our consistency to strive for our mission. Here is a summary of all that we achieved this year!

Outreach

· Alhamdulillah, 2023 was our most successful year in terms of consistency with our Masterclasses, and responding to speaker requests and we also reached tremendous heights with our community engagement this year, mashAllah!

· Conducted 8 out of 11 successful planned masterclasses (1 was cancelled due to team sickness and 2 were cancelled due to the ongoing issues in Palestine and will be rearranged in 2024, In Shaa Allah) with approximately 120 attendees in total.

· Our facilitators were almost always rated as very good or excellent.

· All attendees felt they are either likely or very likely to use the skills and knowledge learnt in the session

· Received 26 external requests this year, 2 of which were requests to co-design research and sit on advisory boards in the community. 18 out of 26 were accepted and successfully fulfilled, 2 of which are planned for early 2024, In Shaa Allah. We were unable to fulfil 1 request due to team unavailability and the remaining 7 were either cancelled by organisers or the organisers, unfortunately disengaged. We approximate total number of attendees of all of the external requests to be close to 1000 mashAllah!

· Made contact with almost 100 Masaajid in London and Birmingham which has lead to multiple successful and upcoming collaborations.

· Distributed our resources to 18 different community settings, including our leaflets, information about our counselling services, and our toolkits which have been received by approximately 1200 beneficiaries, Alhamdulillah.

4

INSPIRITED MINDS

(Charitable Incorporated Organisation)

TRUSTEES' REPORT (Continued) FOR THE YEAR ENDED 31ST DECEMBER 2023

What people said:

· “Thank you for creating this , may Allah reward you all for making me aware of these topics that I had no knowledge before, Ameen 🙂”

· “I loved the fact that there was leaflets highlighting key issues. Structure was very good. Picked out ayahs of Quran and gave their significance and related it back to the topic. Very warm and friendly workshop lead, so the meaning and message was put in a clear and easy to understand manner.”

· “On behalf of myself and my participants, I wanted to express our sincerest gratitude for your participation as a guest speaker at my workshop yesterday. Your contribution was invaluable, and I received positive feedback from my participants. Your experience in working therapeutically and integrating religion in therapy with Muslim clients was inspiring, your presentation was informative, and your insights generated interesting discussion amongst my participants. Again, we are deeply grateful for your time and for sharing your expertise with us. I hope to have the opportunity to work with you again in the future Insha'Allah.”

Support

· 2023 saw the start of our most demanded service yet, our unique support groups that offer Islamic mental health support, perspectives and insight. With special thanks to Islamic Relief UK for providing us with funding to get the project off the ground, we have seen a huge success and a big appetite from the Muslim community for more. This year we:

· Developed 3 support groups, Depression, ROCD and Generalised Anxiety.

5

INSPIRITED MINDS

(Charitable Incorporated Organisation)

TRUSTEES' REPORT (Continued) FOR THE YEAR ENDED 31ST DECEMBER 2023

Communications

· We successfully released 8 episodes of The Mindful Muslim Podcast and obtained 10,000+ views across all our platforms. This year we spoke to many inspiring guests across the board, including:

· We reached more than 43,000 people across all our social platforms.

Research

6

INSPIRITED MINDS

(Charitable Incorporated Organisation)

TRUSTEES' REPORT (Continued) FOR THE YEAR ENDED 31ST DECEMBER 2023

Counselling

Fundraising

We held multiple fundraising activities during 2023:

Total amount raised in 2023: £9,781.58

Grants

We applied to the following grants over the course of 2023:

7

INSPIRITED MINDS

(Charitable Incorporated Organisation)

TRUSTEES' REPORT (Continued) FOR THE YEAR ENDED 31ST DECEMBER 2023

What to look forward to in 2024:

· Lots of content on our theme of the year: Suicide within Muslim communities.

· A huge JazakAllah Khayr to everyone who attended our consultations and shared their feedback on this theme. We hope to take your feedback and create:

· If you did not get a chance to share your ideas, opinions and feedback, please do so here.

· Exciting Podcast Episodes.

· We have an incredible line-up of guest speakers that we cannot wait to publish! We do need a video editor to help our team though, so if you would like to work for a good cause, please apply here.

· Monthly Masterclasses, online and hybrid.

· We aim to deliver monthly masterclasses, excluding Ramadan, and aim to have 4 out of 11 online, and the remaining 7 hybrid. We have invested in better equipment to ensure it is a better experience for all that join in-person and online.

· Accredited training.

· Our team has worked incredibly hard in 2023 to develop a training course for Imams and Community Leaders and healthcare providers as part of their CPD and we are hoping to get it accredited and ready to deliver in mid-late 2024 In Shaa Allah. We are also aiming for another unique and exciting training course that will be readily available for the public also.

· Due to the success and demand of our support groups, we aim to continue to deliver them back to back in 2024 In Shaa Allah, with a mixture of online and in-person ones to cater for all types of audiences and locations. We will be repeating current ones we have and also announcing 2 new ones.

· Exciting New Book Club Sessions.

· Due to the huge interest in our book club, we will be continuing sessions once every 2 months with topical books and features authors as guests. Our next one is in February and features Palestinian Author Jehan Helou who penned a book on the stories of Palestinian women. If you want to feature as an author OR suggest a book, please get in touch.

· Lots of Fundraising Events.

· In an attempt to connect more with local communities, we will be holding more varied and fun events this year, so please do keep checking our socials for more information on this. If you would like to fundraise for a good cause, then reach out to us and we’ll get you set up.

· Keep an eye out for us.

· As part of our ongoing community engagement efforts, our community engagement workers will be doubling up their efforts to attend community awareness/health days, community events and getting into more masaajid. If you want us to attend an event or hold a stall at an upcoming community event, then get in touch.

· And so much more.

From our team to you, we would like to thank you for all your continued support during this difficult year. Insha'Allah, the Almighty blesses this new year with compassion, Shifaa (healing) and Rahma (Mercy) in all your endeavours, Ameen!

8

INSPIRITED MINDS

(Charitable Incorporated Organisation)

TRUSTEES' REPORT (Continued) FOR THE YEAR ENDED 31ST DECEMBER 2023

Trustees' Responsibilities

The trustees are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable Law and the Generally Accepted Accounting Principles (GAAP) including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

The Charities Act 2011 require the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the CIO and of the surplus or deficit of the CIO for that period. In preparing those financial statements the trustees are required to:

The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Governing Document. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

1/10/2024

Approved by the Trustees on …………………………………………………………………………………………………………………

==> picture [41 x 28] intentionally omitted <==

Signed on their behalf by Trustee ………………………………………………………………………………………………………………

Printed Name: Talat Baig

9

INSPIRITED MINDS

(Charitable Incorporated Organisation)

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2023

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
2023
2022
£
£
£
£
31,729
-
31,729
70,830
15,655
-
15,655
26,992
-
-
-
-
3,965
-
3,965
4,873
615
-
615
352
51,964
-
51,964
103,047
60,137
-
60,137
104,242
2,297
-
2,297
1,678
62,434
-
62,434
105,920
(10,470)
-
(10,470)
(2,873)
50,970
-
50,970
53,843
40,500
-
40,500
50,970

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 12 to 17 form part of these financial statements.

10

INSPIRITED MINDS

(Charitable Incorporated Organisation)

BALANCE SHEET

AS AT 31ST DECEMBER 2023

Note
Fixed Assets
Tangible Assets
2
Investments
6
Total Fixed Assets
Current Assets
Debtors & Prepayments
8
Cash at Bank and in Hand
7
Total Current Assets
9
NET CURRENT ASSETS
TOTAL ASSETSless current liabilities
10
NET ASSETS
Funds of the Charity
General Funds
Restricted Funds
5
Total Funds
Creditors: Amounts falling due in more than
one year
Creditors:Amounts falling due within one year		 Unrestricted
Restricted
Total
Total
Funds
Funds
31-Dec-23
31-Dec-22
£
£
£
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
41,340
-
41,340
51,670
41,340
-
41,340
51,670
840
-
840
700
40,500
-
40,500
50,970
40,500
-
40,500
50,970
-
-
-
-
40,500
-
40,500
50,970
40,500
-
40,500
50,970
-
-
-
-
40,500
-
40,500
50,970

1/10/2024

Approved by the Trustees on ………………………………………………………………………………………………………………… Signed on their behalf by Trustee ………………………………………………………………………………………………………………

Printed Name: Talat Baig

11

INSPIRITED MINDS

(Charitable Incorporated Organisation)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023

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 note(s) to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (SORP 2015) (Second Edition, effective 1st January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (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.

12

INSPIRITED MINDS

(Charitable Incorporated Organisation)

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2023

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 2023 : None

31st December 2022 : None

13

INSPIRITED MINDS

(Charitable Incorporated Organisation)

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2023

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
2023
2022
£
£
£
£
19,629
-
19,629
17,213
12,100
-
12,100
53,617
31,729
-
31,729
70,830
15,655
-
15,655
26,992
15,655
-
15,655
26,992
-
-
-
-
-
-
-
-
3,965
-
3,965
3,350
-
-
-
1,523
3,965
-
3,965
4,873
615
-
615
352
615
-
615
352

14

INSPIRITED MINDS

(Charitable Incorporated Organisation)

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2023

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
Travel & Subsistence
`
b) Governance Costs
Independent Examiners Fees
9
Legal & Professional Fees		 Unrestricted
Restricted
TOTAL
TOTAL
Funds
Funds
2023
2022
£
£
£
£
1,265
-
1,265
1,418
705
-
705
873
1,835
-
1,835
11,398
208
-
208
222
120
-
120
100
1,376
-
1,376
3,900
1,451
-
1,451
1,198
52,528
-
52,528
83,776
13
-
13
84
300
-
300
1,273
336
-
336
-
60,137
-
60,137
104,242
840
-
840
700
1,457
-
1,457
978
2,297
-
2,297
1,678

15

INSPIRITED MINDS

(Charitable Incorporated Organisation)

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2023

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-23
31-Dec-22
£ £ £
£
Cash at Bank & in Hand 41,340 -
41,340
51,670
41,340 -
41,340
51,670
8. DEBTORS AND PREPAYMENTS
Sundry Debtors		 Unrestricted
Fund
£
-		 Restricted
Fund
£		 Total
Total
31-Dec-23
31-Dec-22
£
£
-
-
-
- -
-
-
9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Independent Examiners Fees		 Unrestricted
Fund
£
840		 Restricted
Fund
£		 Total
Total
31-Dec-23
31-Dec-22
£
£
-
840
700
840 -
840
700

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-23
31-Dec-22
£
£
£
£
-
-
-
-
40,500
-
40,500
50,970
-
-
-
-
40,500
-
40,500
50,970

16

INSPIRITED MINDS

(Charitable Incorporated Organisation)

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2023

12. STAFF COSTS AND NUMBERS

TOTAL
2023
£
Gross Wages, Salaries & Fees
52,528
Employer's National Insurance Costs
-
Pension Contributions
-
52,528
Employees who were engaged in each of the following activities:
TOTAL
2023
Charitable Activities
3		 TOTAL
2022
£
83,776
447
604
84,827
TOTAL
2022
2

The Charity 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. No employees received emoluments in excess of £60,000.

13. TRUSTEES AND OTHER RELATED PARTIES

During the financial period Trustee Saeed Nasser received £400 (2022: £550) for providing supervision session services for Inspirited Minds in furtherance of the Charity's objects.

No payments were made to trustees or any persons connected with them during this financial period. No 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.

17

INSPIRITED MINDS

(Charitable Incorporated Organisation)

INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS

Report to the trustees/ members of Inspirited Minds on the accounts for the year ended 31st December 2023 set out on pages 10 to 17.

Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.

It is my responsibility to:

Basis of independent examiner’s statement

My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.

Independent examiner's statement

In connection with my examination, no matter has come to my attention:

  1. which gives me reasonable cause to believe that in any material respect, the requirements:

  2. to keep accounting records in accordance with section 130 of the Charities Act; and

  3. to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act

have not been met; or

  1. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

K. Collaku MAAT Castle View Accounting Ltd Ground Floor Offices 53 High Street Arundel West Sussex BN18 9AJ

==> picture [54 x 27] intentionally omitted <==

Date: 18th October 2024

18