2022-03-31-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 2022

Awe-Inspiring

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 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

Date of resignation 19 February 2022 9 August 2021

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 2022

The Trustees present their report and financial statements for the year ended 31 March 2022. 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. This done 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 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 determine from time to time.

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. 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 2022, receiving £10,466 (2021: £18,139) in donations as unrestricted reserves and £35,000 (2021: £38,550) in dedicated funds, shown as Restricted Reserves. Total donations received amounted to £45,466 (2021: £56,689), with the gift aid claim and interest income adding another £450 (2021: £976) and £18 (2021: £116) respectively, to the reserves. Donations and grants made from unrestricted funds during the current period amounted to £7,788 (2021: £6,379), and together with governance costs and events expenses, resulting in a net surplus for the period in respect of unrestricted funds of £1,888 (2021: £12,155).

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Donations and grants made from restricted funds during the current period amounted to £36,800 (2021: £52,963). The total reserves, consisting of unrestricted reserves of £65,696 (2021: £63,808) and restricted reserves of £35,000 (2021: £36,900), amounted to £100,696 (2021: £100,708), 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 £35,000 (2021: £36,900). The general and unrestricted reserves of the Charity of £65,696 (2021: £63,808), 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 last 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. With the uncertain and possible adverse impact of Covid19 on the contributions to the Charity, the significant capital expenditure projects and the very limited interest earned, the Board decided to close the 35-day notice deposit account to ensure that sufficient funds were available for any unforeseen events. The cash balance has materially increased as a result of a contribution that the Charity received at the end of 2021.

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 last two years, the Charity was subject to its banker’s Safeguard Reviews, assessing the Charity’s procedures and controls, especially in respect of all grants and transactions with overseas entities and charities.

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

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 and contributions in line with any change in contributions.

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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.

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: 10 May 2022

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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 2022.

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:

Lindy Bornman FCCA

Address: 7 Lansbury Close St Neots PE19 2UA Cambridgeshire Date: 10 May 2022

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Statement of Financial Activities for the period ended 31 March 2022

Note s 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	Unrestri cted Restricte d 2022 2021 funds funds Total Total £ £ £ £ 9,998 35,00044,99856,689 450 -450976 18 -18116 - - - - 10,466 35,00045,46657,781 7,788 36,90044,68859,342 790 -790697 - - - - 8,578 36,90045,47860,039 1,888 (1,900) (12) (2,258) 63,808 36,900100,708102,966 65,696 35,000100,696100,708

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 2022

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	2022 £ 100,246 0 450 100,696 0 100,696 100,696 64,796 35,900 100,696	2021 £ 20,585 80,123 0
		100,708 0
		100,708

		100,708
		63,808 36,900
		100,708

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: 10 May 2022

Awe-Inspiring

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 2022 £ (12) (450) (462) 100,708 100,246 Year to March 2022 £ (12) (12)	Period to March 2021 £ (2,258) 1,775
	(483)
	101,191
	100,708
	Period to March 2021 £ (2,258)
	(2,258)

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 2022

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 Total donations 3. Governance costs Bank charges and other fees Insurance Website costs	2022 £ 6,614 1,174 7,788 - 900 - 36,000 - 36,900 44,688 2022 £ 396 293 101 790	2021 £ 300 6,079
		6,379
		1,090 697 22,526 27,000 1,650
		52,963

		59,342
		2021 £ 267 293 137
		697

4. Related party transactions

There were no related party transactions during the period.

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5. Summary of Net Assets by Fund

Unrestricted funds General Reserve Fund Restricted funds Kanjanji Expenses Fund	Net current assets £ 65,696 35,000 100,696	Total Net Assets £ 100 35,000
		35,100

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 Study Fund Kanjanji Expenses Fund	01/04/2021 Income resources Outgoing resources 31/03/2022 £ £ £ £ 63,808 10,466 8,57865,696 900 - 900 - 36,000 35,000 36,00035,000 36,900 35,000 36,90035,000 100,708 45,466 45,478100,696