2021-03-31-accounts - Awe-Inspiring

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Registered Charity No. 1174336

AWE-INSPIRING

Charitable Incorporated organisation

TRUSTEES’ REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] MARCH 2021

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REFERENCE AND ADMINISTRATIVE INFORMATION

Trustees

The Charitable Incorporated Organisation was registered on 22 August 2017.

The Trustees, to the date of this report, consisted of:

Trustee Date of appointment Date of resignation Ancia Cronje 15 March 2018 Lourens Ferreira 16 February 2019 Sonette Oosthuizen 15 March 2018 Leonette Rossouw 22 August 2017 Charl Steyn 22 August 2017

Address of the Charity

High Beeches 33 Fulmer Drive Gerrards Cross Bucks SL9 7HG

Bankers

Natwest 44 Packhorse Road Gerrards Cross Buckinghamshire SL9 8EG

E-Mail address

aweinspiringcharity@gmail.com

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Trustees’ Report for the year ended 31 March 2021

The Trustees present their report and financial statements for the year ended 31 March 2021. The financial statements have been prepared in accordance with the Charities Act 2011, the Charity’s trust deed, 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 from 1 January 2019), and with the accounting policies set out in note 1 to the accounts.

The charity constitutes a public benefit entity as defined by FRS 102.

Objectives and activities

The Charity is established for the public benefit, with the objective to advance the Christian religion, to advance education through the provision of facilities for education, to provide financial support to the needy, the relief of those in need and the relief of sickness by assisting in the provision of medical services in the United Kingdom and in any other country by such means as the Trustees may determine, including but not limited to the provision of grants and practical support to Charities and other organisations.

It also aims to advance such charitable purposes for the public benefit as are exclusively charitable according to the laws of England and Wales as the Trustees may from time to time determine.

Structure, governance and management

Awe-Inspiring is a Charitable Incorporated Organisation (‘CIO’) with registration number 1174336 and is constituted under a Constitution dated 22 August 2017. The Trust was established by an initial gift of £15,000, received from a Charitable Trust, with further contributions received from various sources. Awe-Inspiring raises funds from the general public, charities and organisations and seeks to apply all its income to the activities as set out in its Constitution, through the careful stewardship of its existing resources and additional contributions received.

The Constitution provides for a minimum of three trustees, with a maximum of twelve. The Trustees have responsibility for the control and administration of all funds of the Charity and it is governed in accordance with its Constitution.

At the Trustees’ meetings, the Trustees agree the strategy and areas of activity for the CIO, including considering the making of grants, investments, reserves and risk management policies and performance.

All Trustees give of their time freely and no Trustee remuneration was paid in the year, or in the prior year.

The Charity’s and other relevant addresses are as shown on page 1.

Financial review

The charity has performed well over the year to 31 March 2021, receiving £18,139 (2020: £24,860) in donations as unrestricted reserves and £38,550 (2020: £61,226) in dedicated funds, shown as Restricted Reserves. Total donations received amounted to £56,689 (2020: £86,086), with the gift aid claim, interest income and events income adding another £976 (2020: £1,775), £116 (2020: £10) and £Nil (2020: £2,570) respectively, to the reserves. Donations and grants made from unrestricted funds during the current period amounted to £6,379 (2020: £21,678), and together with governance costs

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and events expenses, resulting in a net surplus for the period in respect of unrestricted funds of £12,155 (2020: £5,827). The total reserves, consisting of unrestricted reserves of £63,808 (2020: £51,653) and restricted reserves of £36,900 (2020: £51,313), amounted to £100,708 (2020: £102,966), leaving the Charity in a good position to achieve the goals it set itself.

The trustees have complied with the duty in the Charities Act 2011, to have due regard to guidance published by the Charity Commission on public benefit. The grants made by the Charity have all been for activities operated for the benefit of the general public.

Reserves and funds

Reserves consist of all retained income available to the Charity and exclude any restricted funds that the Charity may have. The Charity currently have restricted reserve funds of £36,900 (2020: £51,313). The general and unrestricted reserves of the Charity of £63,808 (2020: £51,653), are considered to be sufficient for the short to medium term.

Investment Powers

The Constitution authorises the trustees to make and hold investments using the general funds of the charity. During the year, some of the available funds not considered to be required for short term activities, were put on a 35-day notice account with the Charity’s bank, mainly with the aim to earn interest on the funds held by the Charity.

Risk management

The Trustees have considered the major risks to which the Charity is exposed and have reviewed those risks and established procedures to manage those risks. Guidance from the Charity Commission and banks are followed. During the year, the Charity was subject to its banker’s Safeguard Review, assessing the Charity’s procedures and controls in respect of all grants and transactions with overseas entities and charities.

The Trustees consider the variability of contributions, as well as and the dependency on a few high value contributions received over the last two years, to constitute the Charity’s major financial risks. The dependency on continuous grants was emphasised by the Covid19 global epidemic which had an almost immediate impact on all charities and the financial support that they receive. The Charity, however, still received a significant contribution from loyal supporters, ensuring the continuation of its activities.

Going concern

The Charity’s activities, together with the factors likely to affect its future development, its financial position and its exposures to liquidity and cash flow risk are described in this Trustees’ Report.

The Charity has sufficient financial resources and reserves to fund its activities for the foreseeable future. As a consequence, the Trustees believe that the Charity is well placed to manage its business risks successfully and will have sufficient time to adjust its activities in line with any change in contributions.

The Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the annual report and accounts.

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Trustees’ responsibilities

The Trustees are required under the constitution of the charity and under charity law to prepare the trustees’ report and the financial statements in accordance with FRS102 and the charity SORP (FRS 102). The Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity at the end of the financial year and of its surplus or deficit for that period. In doing so, the Trustees are responsible for:

Select suitable accounting policies and then apply them consistently;
Make judgements and estimates that are reasonable and prudent; and
Prepare the financial statements on the going concern basis unless it is not appropriate to assume that the company will continue on that basis.

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity. 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.

Approval

This report was approved by the Trustees and signed on their behalf by:

Charl Steyn C E Steyn Chairman: Trustees

Date: 11 June 2021

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Independent examiner’s report to the trustees of Awe-Inspiring

I report to the trustees on my examination of the accounts of Awe-Inspiring Charitable Incorporated Organisation (Awe-Inspiring) for the year ended 31 March 2021.

Responsibilities and basis of report

As the charity trustees of Awe-Inspiring 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 Awe-Inspiring’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the 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.

Signed:

Name: Lindy Bornman FCCA

Address: 7 Lansbury Close St Neots PE19 2UA Cambridgeshire

Date: 11 June 2021

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Statement of Financial Activities for the period ended 31 March 2021

Notes Incoming resources Donations Gift aid claim Interest received Events income Total incoming resources Resources expended Donations 1c, 2 Governance costs 3 Events expenses Total resources expended Net incoming/(outgoing) resources Reconciliation of funds Fund balances at 1 April 2020 Total fund balances at 31 March 2021 6	Unrestricted funds £ 18,139 976 116 - 19,231 6,379 697 - 7,076 12,155 51,653 63,808	Restricted funds £ 38,550 - - - 38,550 52,963 - - 52,963 (14,413) 51,313 36,900	2021 Total £ 56,689 976 116 - 57,781 59,342 697 - 60,039 (2,258) 102,966 100,708	2020 Total £ 86,086 1,775 10 2,570
				90,441
				37,498 660 1,050
				39,208

				51,233
				51,733
				102,966

All the Charity’s operations are classed as continuing. Movements on reserves and all recognised gains and losses are shown above.

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Balance sheet at 31 March 2021

Notes Current Assets Cash at bank Notice deposit account Debtors Current assets Creditors due within one year Net current assets Net Assets Funds Unrestricted reserve 6 Restricted reserve 6 Total Funds 6	2021 £ 20,585 80,123 - 100,708 - 100,708 100,708 63,808 36,900 100,708	2020 £ 61,184 40,007 1,775
		102,966 -
		102,966

		102,966
		51,653 51,313
		102,966

These accounts are prepared in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) – (Charities SORP (FRS 102)).

The financial statements on pages 6 to 11 are hereby approved:

Charl Steyn

C E Steyn Trustee

Date: 11 June 2021

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Statement of Cash Flow for the period to 31 March

Net cash inflow/(outflow) from operating activities Decrease/(Increase) in debtors Increase/(Decrease ) in Cash and cash equivalents Cash and cash equivalents at 1 April Cash and cash equivalents at 31 December Reconciliation of profit to net cash inflow/(outflow) from operating activities Profit/(Loss) for the year to 31 March Net cash inflow/(outflow) from operating activities

Year to March 2021 £ (2,258) 1,775 (483) 101,191 100,708 Year to March 2021 £ (2,258) (2,258)	Period to March 2020 £ 51,233 79
	51,312
	49,879
	101,191
	Period to March 2020 £ 51,233
	51,233

These accounts are prepared in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) – (Charities SORP (FRS 102)).

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Notes to the Financial Statements for the year ended 31 March 2021

1. Accounting Policies

a. Basis of preparation

The accounts are prepared under the historical cost convention and include the results of the charity’s operations which are described in the Trustees’ Report and all of which are continuing.

The financial statements have been prepared in accordance with 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) – (Charities SORP (FRS 102)) and the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policies.

The principal accounting policies adopted in the preparation of the financial statements are set out below.

b. Income

Voluntary gifts and donations and other income are accounted for when received by the charity.

Gift aid claims are accounted for on an accrual basis.

c. Expenditure

Expenditure is accounted for on an accruals basis.

Grants payable are charged in the year when the amount has been committed to. Governance costs comprise the costs for the running of the charity itself as an organisation.

d. Fund accounting

Unrestricted funds are general funds that are available for use at the trustees’ discretion in furtherance of the objectives of the charity.

Restricted funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.

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2. Donations

Unrestricted funds Kanjanji Orphan Project Operation Mobilisation Restricted funds Kanjanji Orphan Project Building Fund Study Fund Operation Mobilisation Kanjanji Expenses Fund Dedicated expenses Governance costs Bank charges and other fees Insurance Website costs	2021 £ 300 6,079 6,379 1,090 697 22,526 27,000 1,650 52,963 59,342 2021 £ 267 293 137 697	2020 £ 16,228 5,450
		21,678
		4,817 233 - 9,000 1,770
		15,820

		37,498
		2020 £ 297 293 70
		660

3. Governance costs

4. Related party transactions

There were no related party transactions during the period.

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5. Summary of Net Assets by Fund

Summary of Net Assets by Fund
Unrestricted funds General Reserve Fund Restricted funds Study Fund Kanjanji Expenses Fund	Net current assets £ 63,808 900 36,000 100,708	Total Net Assets £ 63,808 900 36,000
		100,708

General reserve fund is the balance of funds available for direct allocation and distribution.

Restricted funds are those amounts that were donated with the express wishes of the donors that they may only be contributed to a specific activity or organisation.

6. Statement of Funds

Unrestricted funds General Reserve Fund Restricted funds Building Project Study Fund Dedicated expenses Kanjanji Expenses Fund Minibus Project	01/04/2020 Income resources Outgoing resources 31/03/2021 £ £ £ £ 51,653 19,231 7,076 63,808
	1,090 - 1,090 - 697 900 697900 - 1,650 1,650 - 27,000 36,000 27,00036,000 22,526- 22,526 -
	51,313 38,550 52,963 36,900

	102,966 57,781 60,039 100,708

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