# **ANNUAL REPORT AND STATEMENT OF ACCOUNTS FOR THE PERIOD ENDED 1ST FEBRUARY 2023** ## **INHERIT LIFE MINISTRIES** ## **CHARITY REGISTRATION No. 1188173** Independent Examiners Ltd Unit 2 The Broadbridge Business Centre Delling Lane Bosham PO18 8NF ## **INHERIT LIFE MINISTRIES** ## **CONTENTS** |Page 3|Legal and Administrative Information.| |---|---| |Page 4|Trustees' Report.| |Page 5|Independent Examiner's Report on the accounts.| |Page 6|Statement of Receipts and Payments.| |Page 7|Statement of Assets and Liabilities.| |Pages 8|Notes to the Accounts.| 2 ## **INHERIT LIFE MINISTRIES** ## **LEGAL AND ADMINISTRATIVE INFORMATION** ## **CHARITY NUMBER** **CHARITY NUMBER** 1188173 **START OF FINANCIAL PERIOD** 2nd August 2021 **END OF FINANCIAL PERIOD** 1st February 2023 **TRUSTEES SERVING DURING AND AFTER THE** Dr L S Gogbashian (Chair) **PERIOD** Dr A Gogbashian J R Tolo L P Mokhof Rev A D White ## **GOVERNING INSTRUMENT** CIO - FOUNDATION Registered 25 Feb 2020 ## **OBJECTS** ## THE OBJECTS OF THE CIO ARE: - (1) TO ADVANCE THE CHRISTIAN FAITH IN ACCORDANCE WITH THE - STATEMENT OF FAITH APPEARING IN THE SCHEDULE HERETO IN LONDON AND SUCH PARTS OF THE UNITED KINGDOM OR THE WORLD AS THE TRUSTEES MAY FROM TIME TO TIME THINK FIT AND TO FULFIL SUCH OTHER PURPOSES WHICH ARE EXCLUSIVELY CHARITABLE ACCORDING TO THE LAW OF ENGLAND AND WALES AND ARE CONNECTED WITH THE CHARITABLE WORK OF THE CHARITY • (2) TO RELIEVE PERSONS WHO ARE IN CONDITIONS OF NEED OR HARDSHIP OR SICKNESS AND TO RELIEVE THE DISTRESS CAUSED THEREBY, INCLUDING BUT NOT BY WAY OF LIMITATION THROUGH THE PROVISION OF EDUCATION, FUNDS, GOODS OR SERVICES IN SUCH PARTS OF LONDON, THE UNITED KINGDOM OR THE WORLD AS THE TRUSTEES MAY FROM TIME TO TIME THINK FIT. **REGISTERED ADDRESS** 24 Marsh Lane London NW7 4PQ **CORRESPONDENCE ADDRESS** 24 Marsh Lane London NW7 4PQ **PRIMARY BANKERS** CAF Bank LTD 25 Kings Hill Avenue Kings Hill West Mailing Kent ME19 4JQ **INDEPENDENT EXAMINER** Lomax Pavey Independent Examiners Ltd Unit 2 The Broadbridge Business Centre Delling Lane Bosham PO18 8NF 3 INHERif UFE MINisfRIES TRUSTEES REPORT FOR THE PERIOD ENDED 15r FEBRUARY 2023 ACHIEVEMENTSANDPERFORMANCE Inheiit Life Min6triesllLMI hès ¢Orfihued tOur*Jertèkeweekty¢hur(h Sunday5eNc85 In personat Sunnyfi@Ids SCW in Hendw, earntrt. ILM ha5 tnet it5 obFCtive of teaching the Chirsti&n fsith thrwh regular Sunday senJi¢esas well 05 w¢h mé weeklyeible 5tudiÉ6and prayermeètin9$. ILM has Invited external gup5t 5pe3kersand mUs￿l￿n&￿c&Sl￿allWlhr0ughthe yeaf tQSvpporttheset¥iceèhd 105upporl thetfaching ofthechristianlaith This yeèr. ILM has Ser¥edt￿toMrnUthtybY(£￿￿uCl1n9 outreachactoiities and prayerlorindiiidujls InBJmetand L￿￿￿. In additi(￿. ILM hbsorganised a Christ&fjnconle￿r¢e10tse hdd InMèr¢h202& FUTUREPLANS Future plan5 lor the forthcoming year include continypng t9 5efwe the ¢ommunity ih Bèinet wrth Christian te8ch1ryJ and Outreach actiiryties. The ¢￿fe￿N¢& held in March 2023 will pi(y4ide lurther ChristKin teaching to the IDcal communty We pL3n to In￿lIe other guest Speakers f(Y I￿￿ ¢¢￿fe￿n¢¢$ PUBUCBB4EFIT The ¢hartyatknowledge5 it5 WUtrernenttodemonstrètecleartyth&t it must have¢h41rt•b￿ pufposesor'aith5' Ihat arelofthe public benefit Details of h5tee5 are re9vi￿ io". S@￿cts￿l￿6leacco￿ntrty p¢1¢1esa￿j aPP￿the￿ c¢vI5i5tently. Makejvdgemertsèhd e5limate5th￿areTeè￿jD0b￿and piud8nt.' Pèrefinanc4?15tatementson thegoity cse with reasonab￿ accuracy at8nytimethe Iinancial P05ition dthe tru5t.ThEyare 3150re5pon￿b￿I(￿5afegUsrd￿9 ihe4ssets of the trust and hencef¢i taking reasonable 5tepslor th@prèventtsi detecti￿ dfraLYJ other iffe9vityritieS. Apprtyed bYtheTrU5tep5￿................ Signedontheir beh)Hby............. 4z)rf A% 14 IfrL) Synature.. ## **INDEPENDENT EXAMINER'S REPORT ON THE ACCOUNTS** Report to the trustees/members of Inherit Life Ministries on the accounts for the period ended 1st February 2023 set out on pages 6 to 8. ## **RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER** The charity's trustees consider that an audit is not required for this period (under section 144 (2) of the Charities Act 2011) and that an independent examination is needed. It is my responsibility to: - examine the accounts (under section 145 of the 2011 Act), - to follow the procedures laid down in the General Directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act), and - to 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 Commissioners. An examination includes a review of the accounting records kept by the organisation 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 the course of my examination, no matter has come to my attention 1. which gives me reasonable cause to believe that in, any material respect, the trustees have not met the requirements to ensure that: - proper accounting records are kept (in accordance with section 130 of the Act); and - accounts are prepared which agree with the accounting records and comply with the accounting requirements of the Act; or 2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. **----- Start of picture text -----**
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Lomax Pavey Independent Examiners Ltd Unit 2 The Broadbridge Business Centre Delling Lane Bosham PO18 8NF 10th November 2023 5 ## **INHERIT LIFE MINISTRIES** ## **STATEMENT OF RECEIPTS AND PAYMENTS FOR THE PERIOD ENDED 1ST FEBRUARY 2023** |Notes
**RECEIPTS :**
2
**TOTAL RECEIPTS**
**PAYMENTS :**
Costs of Charitable Activities
3
**TOTAL PAYMENTS**
**NET INCOMING/(OUTGOING) RESOURCES**
Balances Brought Forward
**BALANCES CARRIED FORWARD**|Unrestricted
Restricted
**Total**
**Total**
Funds
Funds
**18 Months to 1st**
**February 2023**
**18 Months to**
**1st August 2021**
£
£
**£**
**£**
33,082
0
33,082
21,717| |---|---| ||**33,082**
**0**
**33,082**
**21,717**| ||8,844
0
8,844
6,987| ||**8,844**
**0**
**8,844**
**6,987**| ||**24,238**
**0**
**24,238**
**14,730**
14,730
0
14,730
0| ||**38,968**
**0**
**38,968**
**14,730**| The notes on pages 8 to 9 form part of these accounts.8 form part of these accounts. All operations are continuing operations. 6 INHER ￿ UFE MINISTRIES STATEMENT OF ASSEfs AND UABIUTIES FOR THE PERIOD ENDED 1ST FEBRUARY 2023 l¥ Monthsto 1st 18 M•nth5t• 1rt F•br￿￿1013 Au9lt$12021 Vrvstricted Fvn(I Re5tncted Fufjd ASSErs Totsl Totyl sh Fund&. CAF Bank 3B.968 38,968 14.730 38,969 14.730 LIAgILmES Indeper¥Jert Examiners Fee Ac¢¢uThts P￿P￿ration 300 100 240 240 400 400 240 TrVSTEESRtsPONSIèILIThÉSIN RELAIIONTO FIWANCIAL STATEMEpirs ChariLyLaw reqUiFe51heTru5teestop￿PareflnanClal 5tatethenis loreachl1naF￿K￿l peith whi¢hcomplywith re9ulation5 5et(Krt Inthe Charithe5Att 2011.TheTruSteesh)*e1Ècted totske advantage￿ LhÈ prLmJi51￿5lh&l applyio sm4llchbrilies and have prtpared a RecÈipt5 and Payments Atcount nd SgétementolAss•sand LiabilitiE5whichartset¢xrton page56 & 7. ApprcNed byihÈTruSteeson....-..... zli{.I lts.z..S Signed ￿their behalf by......... Sign4iure'. ## **INHERIT LIFE MINISTRIES** ## **NOTES TO THE ACCOUNTS FOR THE PERIOD ENDED 1ST FEBRUARY 2023** ## **1. BASIS OF ACCOUNTING** The accounts have been prepared under the “Receipts and Payments” basis as prescribed by the Charity Commissioners, and they meet the appropriate legal requirements. |**2. RECEIPTS**
Donations
Bank Interest
**3. PAYMENTS**
**Costs of Charitable Activities**
Hall Hire
Website
Software
Subscriptions & Licenses
Insurance
Accounting Fees
DBS Safeguarding Fee
Mission society
Christian Conference Trust
Copyright Fee
Events & Training
Honorarium
Independent Examiner's Fee|Unrestricted
Restricted
**Total**
**Total**
Funds
Funds
**18 Months to 1st**
**February 2023**
**18 Months to 1st**
**August 2021**
£
£
**£**
**£**
33,051
33,051
21,717
31
31
0| |---|---| ||**33,082**
**0**
**33,082**
**21,717**| ||Unrestricted
Restricted
**Total**
**Total**
Funds
Funds
**18 Months to 1st**
**February 2023**
**18 Months to 1st**
**August 2021**
£
£
**£**
**£**
6,812
6,812
4,000
105
105
650
353
353
0
144
144
105
398
398
192
126
126
0
201
201
43
0
0
156
266
266
0
0
0
71
0
0
1,770
200
200
0
240
240
0| ||**8,844**
**0**
**8,844**
**6,987**| ## **4. RESTRICTED FUNDS** There were no restricted funds in this financial period. ## **5. PAYMENTS TO TRUSTEES** No payments were made to trustees or any persons connected with them during this financial period, other than reimbursement for small items paid for on behalf of the Charity. No other material transaction took place between the organisation and a trustee or any person connected with them. 8