**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:
1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
2. the accounts do not accord with those records; or
3. 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
Page 12