ANNUAL REPORTS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024
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 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 |
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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 2024 END OF FINANCIAL YEAR 31st December 2024 TRUSTEES AT 31ST DECEMBER 2024 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
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INSPIRITED MINDS
(Charitable Incorporated Organisation)
TRUSTEES' REPORT FOR THE YEAR ENDED 31ST DECEMBER 2024
Reflecting on 2024, we begin with gratitude to Allah (SWT) and compassion for those suffering in Palestine, Lebanon, Sudan, Myanmar, Afghanistan, and across the world. It has been a year of both challenge and growth, and with the continued support of our community, Inspirited Minds has been able to expand its reach and impact in line with our mission and vision to support those facing mental health challenges from a faith and culturally sensitive perspective.
Our communications team made great strides, releasing three new episodes of The Mindful Muslim Podcast featuring inspiring guests, despite the absence of a video editor. They also created valuable resources on suicidal ideation, including a crisis plan template for Muslims and educational infographics, while reaching over 46,000 people across social media. The team also amplified research within the Muslim community by sharing over fifteen studies and encouraging greater collaboration and awareness.
The research team completed an in-depth qualitative study exploring the lived experiences of Muslims with Religious OCD and continued to analyse data for our ongoing study on suicidal ideation within Muslim communities. Internal research structures were also established to ensure that our services remain effective, evidence-based, and responsive to the needs of our community.
Through workshops, events, and training, we engaged with Muslims across the UK on a range of vital topics such as postpartum experiences, loss and bereavement, trauma, anxiety, depression, domestic abuse, and stress management. We also delivered CPD-accredited training for Imams and community leaders to strengthen understanding and response to Muslim mental health challenges. Our counselling service continued to grow, providing over 1,300 sessions to individuals seeking faithinformed mental health support.
As we look ahead to 2025, our focus will turn to the theme of trauma within Muslim communities. Guided by the feedback shared during our consultations, we plan to develop trauma-focused resources, events, and therapeutic support, alongside powerful new episodes of The Mindful Muslim Podcast.
We end the year with deep gratitude to our supporters, volunteers, and partners for helping us move closer to a world where every Muslim facing mental health challenges feels validated, supported, and empowered. May Allah (SWT) accept our efforts and allow us to continue this work with sincerity, compassion, and purpose.
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INSPIRITED MINDS (Charitable Incorporated Organisation) TRUSTEES, REPORT (Continued) FOR THE YEAR ENDED 31ST DECEMBER 2024 Trustees. Responslbllitles The trustees are responsible for preparir#J the Trustees. Report and the financial statements in accordance with applicable Law and the Generally Accepted Accounting Principles IGAAPI including Financial Reporting Standard 102.. The Financial Reporting Standard applicable in the UK and Republ of Ireland (Untted Kingdom Generally Accepted Accounting Practe). The Charities Act 2011 require the tnjstees to prepare financkql statements for each financial year which give a tnje and fair view of the slate of affairs of the CIO and of the surplus deficil of the CIO for that period. In preparing those finala1 statements the trustees are required to.. Select surtable accounting policies and apply them consistenty- Observe the methi)ds and principles in the Charrties SORP: Make judgements and estimales that are reasonable and pruden( State whether applicable UK AccLNJnling Standards have been folbwed subject to any mater181 departures disclosed and explained in the financ*1 statements- Prepare financial statements on the going ¢(rn basis unless it is inaw)ropri8te to presume th8t the CIO will continue in existence. The trustees are responsible for keeping suffiCnI accountiro records thal discknse with reasonable accuracy at any time the rinancial wsition of the charity and enable them lo ensure that the finan¢kg1 slalemenls comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 aThJ the provisions of the Governing Document. They are also responsible for safeguarding the assets of the charty and hee for taking reasonable steps for Ihe prevention and detection of fraud and olher irregularrtie& 22/1012025 Approved by the Trustees on Signed on their behalf by Trustee . Printed Name= TALAT BAIG
INSPIRITED MINDS
(Charitable Incorporated Organisation)
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2024
| 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 2024 2023 £ £ £ £ 86,112 - 86,112 31,729 28,568 - 28,568 15,655 - - - - 1,698 - 1,698 3,965 494 - 494 615 116,872 - 116,872 51,964 72,753 - 72,753 60,137 2,792 - 2,792 2,297 75,545 - 75,545 62,434 41,327 - 41,327 (10,470) 40,500 - 40,500 50,970 81,827 - 81,827 40,500 |
|---|---|
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.
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INSPIRITED MINDS (Charitable Incorporated Organisation) BALANCE SHEET AS AT 31ST DECEMBER 2024 Unrestrided FuThJs Restricted Funds TOTAL 31-Dec-24 TOTAL 31-Dec-23 Note Flxèd Assèts Tangible Assets Investments Total Flxed Ass5 Current Assets Debtors & Prepayments Cash at Bank and in Hand Total Current Asset5 82.727 82.727 82,727 82.727 41,340 41.340 Creditors: Amounts falling due within one year Jo 900 NET CURRENT ASSETS 81.827 81.827 40,500 TOTAL ASSETS less current liabilrties 81.827 81.827 40,500 Cr8ditors: Amounts falling due in more than one year 10 NET A&SETS 81.827 81,827 40,500 Fund$ of the Charity General Funds Reslricled Funds 81,827 81,827 40,500 Total Funds 81.827 81.827 40,500 22110/2025 Approved by the Trustees 011 Signed on their behalf by Trustee . Printed Name= TALAT BAIG
INSPIRITED MINDS
(Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024
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.
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INSPIRITED MINDS
(Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2024
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 2024 : None 31st December 2023 : None
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INSPIRITED MINDS
(Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2024
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 e) Other Incoming Resources Sundry Income |
Unrestricted Restricted TOTAL TOTAL Funds Funds 2024 2023 £ £ £ £ 10,382 - 10,382 19,629 75,730 - 75,730 12,100 86,112 - 86,112 31,729 28,568 - 28,568 15,655 28,568 - 28,568 15,655 - - - - - - - - 1,698 - 1,698 3,965 1,698 - 1,698 3,965 494 - 494 615 494 - 494 615 |
|---|---|
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INSPIRITED MINDS
(Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2024
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 2024 2023 £ £ £ £ 157 - 157 1,265 2,874 - 2,874 705 4,427 - 4,427 1,835 230 - 230 208 - - - 120 908 - 908 1,376 2,056 - 2,056 1,451 61,606 - 61,606 52,528 14 - 14 13 - - - 300 481 - 481 336 72,753 - 72,753 60,137 900 - 900 840 1,892 - 1,892 1,457 2,792 - 2,792 2,297 |
|---|---|
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INSPIRITED MINDS
(Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2024
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-24 31-Dec-23 |
|
| £ | £ | £ £ |
|
| Cash at Bank & in Hand | 82,727 | - 82,727 41,340 |
|
| 82,727 | - 82,727 41,340 |
||
| 8. DEBTORS AND PREPAYMENTS Sundry Debtors |
Unrestricted Fund £ - |
Restricted Fund £ |
TOTAL TOTAL 31-Dec-24 31-Dec-23 £ £ - - - |
| - | - - - |
||
| 9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Independent Examiners Fees |
Unrestricted Fund £ 900 |
Restricted Fund £ |
TOTAL TOTAL 31-Dec-24 31-Dec-23 £ £ - 900 840 |
| 900 | - 900 840 |
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-24 31-Dec-23 £ £ £ £ - - - - 81,827 - 81,827 40,500 - - - - 81,827 - 81,827 40,500 |
|---|---|
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INSPIRITED MINDS
(Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2024
12. STAFF COSTS AND NUMBERS
| TOTAL 2024 £ Gross Wages, Salaries & Fees 61,606 Employer's National Insurance Costs - Pension Contributions - 61,606 Employees who were engaged in each of the following activities: TOTAL 2024 Charitable Activities 3 |
TOTAL 2023 £ 52,528 - - 52,528 TOTAL 2023 3 |
|---|---|
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 (2023:None).
13. TRUSTEES AND OTHER RELATED PARTIES
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.
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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 2024 set out on pages 6 to 13.
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:
-
examine the accounts under section 145 of the Charities Act,
-
follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and
-
state whether particular matters have come to my attention
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:
-
which gives me reasonable cause to believe that in any material respect, the requirements:
-
to keep accounting records in accordance with section 130 of the Charities Act; and
-
to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act
have not been met; or
- 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
Date: 28th October 2025
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