REGISTERED CHARITY NUMBER: 1158044
INSPIRING GRACE
TRUSTEES' REPORT AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2022
INSPIRING GRACE
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2022
| Page | ||
|---|---|---|
| Reference and Administrative Details | 1 | |
| Trustees' Report | 2 | to 3 |
| Independent Examiner's Report | 4 | |
| Statement of Financial Activities | 5 | |
| Balance Sheet | 6 | |
| Notes to the Financial Statements | 7 | to 10 |
| Detailed Statement of Financial Activities | 11 | to 12 |
INSPIRING GRACE
REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 JULY 2022
| Trustees | Anisa Rasul |
|---|---|
| Mazaffar Iqbal Rauf (resigned 1.9.21) | |
| Muhammad Umar Iqbal | |
| Tahir Hussain Anwar | |
| Mohammed Amad (resigned 1.10.21) | |
| Principal address | 172 Regent St |
| Nelson | |
| BB9 8SG | |
| Registered charity number | 1158044 |
| Independent examiner | Riley Moss 2018 Limited |
| Riley House | |
| 183-185 North Road | |
| Preston | |
| Lancashire | |
| PR1 1YQ |
Page 1
INSPIRING GRACE
TRUSTEES' REPORT FOR THE YEAR ENDED 31 JULY 2022
The trustees present their report with the financial statements of the charity for the year ended 31 July 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
Objectives and activities
The objectives of the trust as set out in its governing document are:
1) The prevention of relief of poverty in Pendle, Lancashire and the surrounding area through the provision of essential food items to individuals and families in need.
2) The advancement of education through providing educational courses which promote, sustain and increase individual and collective knowledge and understanding on topics related to Islamic theology, jurisprudence and spirituality.
3) To advance the Islamic Faith through the holding of weekly prayer meetings where people gather to sing Islamic hymns in praise of God and the Prophet Muhammad (PBUH)
4) The promotion of community participation in healthy recreation for the benefit of the inhabitants of Pendle, Lancashire and surrounding area.
Achievement and performance
Charitable activities
It has been another challenging year for the charity due to the pandemic which has caused disruption to many of our services, but it has also allowed us to focus on and develop new projects particularly on online platforms. We have thus begun a number of online courses related to both religious and social matters, which have had an excellent reception on both a local and national level. We have also continued to expand on our food poverty projects, seeking to find new and innovative ways to assist others in these difficult times. The latter part of the year, particularly since April, has seen a lessening of the restrictions which has allowed us to resume in person activities, particularly for children. Swimming classes resumed, as did the Scouts programme and summer holiday programmes for 5-11 year olds.
We were also able to re-establish educational provision and activities for 0-5 year olds through the establishment of weekly Forest School activities centred around meaningful play in natural settings and also Spoken Arabic activities.
Financial review
Financial position
Monthly figures are submitted by respective heads of each area (food, sports, education etc.) between days 1 and 5 at the start of each month. The figures are checked against the monthly bank statement by the treasurer and queried/corrected if necessary. Restricted funds are carefully monitored with spreadsheets in place to monitor the expenses in line with the income for the respective restricted pot.
Reserves policy
It is the policy of the charity to maintain unrestricted funds at a minimum level. This provides sufficient funds to cover management and administration and support costs.
Future plans
We will continue to develop existing projects, particularly the Scouts and Swimming activities, with a view to training up more leaders and instructors so we can expand our provision. We will also hope to develop offering classes both online and in person to children and adults alike.
Structure, governance and management
Inspiring Grace is a registered UK Charity under charity number 1158044. It is an unincorporated charity. The governing document is a Trust Deed. The trustees named on page 1 have served throughout the year. The trustees have the power to appoint any person to be a trustee in accordance with the provisions of the Trust Deed. An appointed trustee holds office within the limits permitted by law.
Page 2
INSPIRING GRACE
TRUSTEES' REPORT FOR THE YEAR ENDED 31 JULY 2022
Approved by order of the board of trustees on 27 June 2023 and signed on its behalf by:
Tahir Hussain Anwar - Trustee
Page 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF INSPIRING GRACE
Independent examiner's report to the trustees of Inspiring Grace
I report to the charity trustees on my examination of the accounts of Inspiring Grace (the Trust) for the year ended 31 July 2022.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Farook Patel FCA
Riley Moss 2018 Limited Riley House 183-185 North Road Preston Lancashire PR1 1YQ
27 June 2023
Page 4
INSPIRING GRACE
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2022
| STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2022 |
||||
|---|---|---|---|---|
| Notes Income and endowments from Donations and legacies Expenditure on Raising funds Charitable activities 2 Charitable activities Total NET INCOME/(EXPENDITURE) Transfers between funds 6 Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward |
Unrestricted funds £ 114,387 11,097 91,071 102,168 12,219 (71,454) (59,235) 179,182 119,947 |
Restricted fund £ 1,778 - 73,232 73,232 (71,454) 71,454 - - - |
2022 Total funds £ 116,165 11,097 164,303 175,400 (59,235) - (59,235) 179,182 119,947 |
2021 Total funds £ 251,418 |
| 39,612 129,041 |
||||
| 168,653 | ||||
| 82,765 - |
||||
| 82,765 96,417 |
||||
| 179,182 |
The notes form part of these financial statements
Page 5
INSPIRING GRACE
BALANCE SHEET 31 JULY 2022
| Notes Current assets Cash at bank Creditors Amounts falling due within one year 5 Net current assets Total assets less current liabilities NET ASSETS Funds 6 Unrestricted funds Total funds |
Unrestricted funds £ 120,277 (330) 119,947 119,947 119,947 |
Restricted fund £ - - - - - |
2022 Total funds £ 120,277 (330) 119,947 119,947 119,947 119,947 119,947 |
2021 Total funds £ 179,512 (330) 179,182 179,182 179,182 179,182 179,182 |
|---|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 27 June 2023 and were signed on its behalf by:
Anisa Rasul - Trustee
Tahir Hussain Anwar - Trustee
The notes form part of these financial statements
Page 6
INSPIRING GRACE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2022
1. Accounting policies
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Voluntary income is received by way of grants, donations and gifts and is included in full in the statement of financial activities when receivable. Grants where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant.
Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included.
Gifts donated for resale are included as incoming resources within activities for generating funds when they are sold.
Page 7
continued...
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2022
INSPIRING GRACE
2. Charitable activities costs
| Charitable activities | Direct Costs £ 163,943 |
Support costs £ 360 |
Totals £ 164,303 |
|---|---|---|---|
3. Trustees' remuneration and benefits
There were no trustees' remuneration or other benefits for the year ended 31 July 2022 nor for the year ended 31 July 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 July 2022 nor for the year ended 31 July 2021.
4. Staff costs
| Wages and salaries The average monthly number of employees during the year was as follows: No employees received emoluments in excess of £60,000. 5. Creditors: amounts falling due within one year Other creditors 6. Movement in funds Net movement At 1.8.21 in funds £ £ Unrestricted funds Unrestricted funds 179,182 12,219 Restricted funds Restricted funds - (71,454) TOTAL FUNDS 179,182 (59,235) |
||
|---|---|---|
Page 8
continued...
INSPIRING GRACE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2022
6. Movement in funds - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds Unrestricted funds Restricted funds Restricted funds TOTAL FUNDS Comparatives for movement in funds Unrestricted funds Unrestricted funds Restricted funds Restricted funds TOTAL FUNDS |
At 1.8.20 £ 37,889 58,528 96,417 |
Incoming resources £ 114,387 1,778 116,165 Net movement in funds £ 155,653 (72,888) 82,765 |
Resources expended £ (102,168) (73,232) (175,400) Transfers between funds £ (14,360) 14,360 - |
Movement in funds £ 12,219 (71,454) (59,235) At 31.7.21 £ 179,182 - 179,182 |
|---|---|---|---|---|
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds Unrestricted funds Restricted funds Restricted funds TOTAL FUNDS |
Incoming resources £ 242,042 9,376 251,418 |
Resources expended £ (86,389) (82,264) (168,653) |
Movement in funds £ 155,653 (72,888) 82,765 |
|---|---|---|---|
Restricted Funds - This comprises of 3 restricted funds received for the various purposes which all related to the objectives and activities of the charity.
Page 9
continued...
INSPIRING GRACE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2022
7. Related party disclosures
There were no related party transactions for the year ended 31 July 2022.
Page 10
INSPIRING GRACE
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2022
| Income and endowments Donations and legacies Gifts General donations Gift aid Sports course fees Other Income S Club Building Fund Swimming Scouts & Activities Lancs BME Work Nature Warriors Pennine Oaks Wycoller Summer Camp Zakat CCG 2020 StreetGames Groundwork Comm Foundation COVID 19 Response The Waste & Reso Wrap UK Community Fund Active Lancs Lancs CCAP Pro Project Sadaqah Foodbank Black Training and BTEG Covid Local Giving Independent Food A Covid Scouts Association CIN CAF Director of Soc Refund Building Bridges Pen PFA Total incoming resources Expenditure Other trading activities Wages Charitable activities Charitable activities Storage Carried forward |
2022 £ (1) 66,100 20,209 - 9,397 1,216 1,757 70 12,568 750 200 2,030 828 20 - 500 - - - - - - - - - 521 - - - - - - 116,165 116,165 11,097 30,736 2,850 33,586 |
2021 £ (1) 81,163 - 1,215 26,844 - 1,180 - - - - - - 2,197 6,000 - 3,000 17,472 9,540 14,172 10,370 5,352 8,958 375 5,400 15,221 1,000 6,900 17,900 10,400 6,360 400 251,418 251,418 39,612 39,447 - 39,447 |
|---|---|---|
This page does not form part of the statutory financial statements
Page 11
INSPIRING GRACE
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2022
| DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2022 |
||
|---|---|---|
| Charitable activities Brought forward Sports Rent Services Scouts Zakat Foodbank CCG 200 Awards for All PCC Grant Dulverton Trust WRAP 2 Support costs Governance costs Accountancy and legal fees Total resources expended Net (expenditure)/income |
2022 £ 33,586 8,230 3,040 37,543 8,312 4,982 68,250 - - - - - 163,943 360 175,400 (59,235) |
2021 £ 39,447 2,220 - - - 1,000 76,391 2,182 1,725 1,456 510 4,000 |
| 128,931 110 |
||
| 168,653 | ||
| 82,765 |
This page does not form part of the statutory financial statements
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