ANNUAL REPORT AND STATEMENT OF ACCOUNTS FOR THE PERIOD ENDED 1ST FEBRUARY 2024
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.
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INHERIT LIFE MINISTRIES
LEGAL AND ADMINISTRATIVE INFORMATION
CHARITY NUMBER
CHARITY NUMBER 1188173 START OF FINANCIAL PERIOD 2nd February 2023 END OF FINANCIAL PERIOD 1st February 2024 TRUSTEES SERVING DURING AND AFTER THE Dr L Gogbashian (Chair) PERIOD Dr A Gogbashian J Tolo L Mokhof Rev A 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 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
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INHERIT LIFE MINISTRIES TRUSTEES REPOR T FOR THE PERIOD ENOED 1ST FEBRUARY 2024 ACAIDIÉMTSAND PÉRFORMAFICÉ Inheirt Life MinistrS(lLm} ha5 c(miDued tOundertèkeWeekchUichSUndaYSece5lpers<klJl Sunrylieklsschcd in nd.8ampt. ILM hè$Met its Objecti of teachiry the Christianlalththr9htheSe re9ularSuhdèyseM¢eg ILM has InviieLI external9vest speakersand musician5C(Ca5Knally throughtheyeartosupp(xt the5eThe3rdIO5uPp0rt theteachitsy oftheChii5tian larth London. Wefurtrsreth cammunitybyconducting Outreach activitie5and PTayeiftKirKlividua15 Bainet ard Ld. Inaddition. ILM 9nised J ChriStKJn Cference hekl in March 2023attended byrégular church attendee5andthppubli¢. FiITUREPLANS Future plans fty ihe Icrth¢cming yeèr irbclude tOr)tinuin9 to t c(mh)unrty In Bar with Chrst4ntea¢hing wieach activit105 W8 plan to irtviteotherouesi 5Peakerslorlutureconlerence5 PUBLICBENEFIT Thechar1ty3ckrled9S ics requirnent todemon5tratecl&atyth8t it muSthavecharitablepurposes(Jr'aims'that areloTthe public benelit. Detai&ol how thecharityhas achi&ved thisère prtywyed in theTivStees report Trustee$clir it ihey have paid du@ regaid totheChaiityComm155il guid4nceon public bwelrt beftsedecQirg whèt èctfyytesihe charityshould undertèke. TrusrEsRESPONSIBILI1S The Charities Act 2011 wuireth8 trustéesto pr@pèrefinanc&31 StatemtSfOr each liwncial year In preparin9 th@ lirhancial stat815 thetru5tée5 ar6 I8quir8d to.. Secl sUrtab3¢¢ntlTh9 pol¢iesaNI èpplytFÉm ¢WSiSten¢l. make11geMentsarnd estimatestha¢a leas3baftd prud•)t". Ppafinanclal stètementSOnthe9Oing ctrlceTn ba515 unle55 it 15 inappiopriotetopre5umethatthetTUStwill c(miwe in Existence. The tlvStee5 arè re5porb5ible loi kéeping piop@raccounting records.which d&(5¢1th leawaba(CvracY atany timethe llnanci4lpositi of th Irwt.Theya¢ a1sore5pon5ib(01 salegu3rdirwJ the assetsolthe twst afKI hencefor taking reastyiable step$f the preventiw anddetectiW of fraud and ttheriiie9ulariti*5. Appre bYtTrusteeS............. ... Signed o)theirbfhaWby..............-..
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 2024 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:
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examine the accounts (under section 145 of the 2011 Act),
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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
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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
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which gives me reasonable cause to believe that in, any material respect, the trustees have not met the requirements to ensure that:
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proper accounting records are kept (in accordance with section 130 of the Act); and
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accounts are prepared which agree with the accounting records and comply with the accounting requirements of the Act; or
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to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
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Lomax Pavey Independent Examiners Ltd Unit 2 The Broadbridge Business Centre Delling Lane Bosham PO18 8NF
26th November 2024
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INHERIT LIFE MINISTRIES
STATEMENT OF RECEIPTS AND PAYMENTS FOR THE PERIOD ENDED 1ST FEBRUARY 2024
| Notes RECEIPTS : 2 Donations and Gifts TOTAL RECEIPTS PAYMENTS : 3 Costs of Charitable Activities TOTAL PAYMENTS NET INCOMING/(OUTGOING) RESOURCES Balances Brought Forward BALANCES CARRIED FORWARD |
Unrestricted Restricted Total Total Funds Funds 2024 2023 £ £ £ £ 14,825 - 14,825 33,082 |
|---|---|
| 14,825 - 14,825 33,082 |
|
| 14,517 - 14,517 8,844 |
|
| 14,517 - 14,517 8,844 |
|
| 308 - 308 24,238 38,968 - 38,968 14,730 |
|
| 39,276 - 39,276 38,968 |
The notes on page 8 form part of these accounts.
All operations are continuing operations.
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INHERIT UFE MINISTRIES STATEMENT OF ASSETS AND UABILITIES FOR THE PERIOD ENDED 1ST FEBRUARY 2024 LPnrtricted Fund ReStrted FurKJ l-F24 Tvt •-Fqb-23 Total A4$1S N(es Cmh CAF Bank 39,276 39,276 38.968 39,276 39.276 38.968 LIABILMES Independent Exèmirb8rs Fee Accounts Preparation 300 300 300 300 IRusfEsRESPONSIBILfTIESIN RLlm014YO FINAN¢IAL sfArnIE14TS CkrityLaw require$1 TruStee5topreparefinc4alstatemetSIoreaChf1Th)ncl pe¢iod whichc(Mnptyw(th the regulaths set Nlth8 crIE$Act 2011. The Trustees haveelectedtotake)dfi&seof the provisiS ihat applyto smallcharitAs and haye prepared a ReceipTSand Paym@NsAccount nd St4temen¢ ofAsset5aThl LiabililSwhKhare Set10rpa9Ps O and 7 Appr( byttrTrUSt*s(_.-...-.................. Signed theii behèw by....
INHERIT LIFE MINISTRIES
NOTES TO THE ACCOUNTS FOR THE PERIOD ENDED 1ST FEBRUARY 2024
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 and Gifts Donations Bank Interest 3. PAYMENTS Costs of Charitable Activities Gifts Hall Hire Website Software Bank Charges Subscriptions & Licenses Insurance Accounting Fees DBS Safeguarding Fee Musician Hire Christian Conference Trust Professional & Marketing Fees Stationary & Supplies Honorarium Independent Examiner's Fee |
Unrestricted Restricted Total Total Funds Funds 2024 2023 £ £ £ £ 14,743 - 14,743 33,051 81 - 81 31 |
|---|---|
| 14,825 - 14,825 33,082 |
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| Unrestricted Restricted Total Total Funds Funds 2024 2023 £ £ £ £ 520 - 520 - 3,957 - 3,957 6,812 - - - 105 197 - 197 353 60 - 60 - 232 - 232 144 210 - 210 398 - - - 126 - - - 201 663 - 663 - - - - 266 3,960 - 3,960 - 503 - 503 - 3,915 - 3,915 200 300 - 300 240 |
|
| 14,517 - 14,517 8,844 |
4. RESTRICTED FUNDS
There were no restricted funds in this financial period.
5. TRUSTEES AND OTHER RELATED PARTIES
Trustees A Gogbashian and L Gogbashian made regular donations to the Church throughout the year.
The approximate amount donated to the charity during this financial year was:
Total: £ 1,000
No payments were made to trustees or any persons connected with them during this financial period. No other material transaction took place between the organisation and a trustee or any person connected with them.
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