# **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. 2 ## **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 3 INHERIT LIFE MINISTRIES TRUSTEES REPOR T FOR THE PERIOD ENOED 1ST FEBRUARY 2024 ACAIDIÉM*TSAND PÉRFORMAFICÉ Inheirt Life Ministr￿S(lLm} ha5 c(miDued tOundertèkeWeek￿chUichSUndaYSe￿ce5l￿pers**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. 6 INHERIT UFE MINISTRIES STATEMENT OF ASSETS AND UABILITIES FOR THE PERIOD ENDED 1ST FEBRUARY 2024 LPnr*tricted Fund ReStr￿ted FurKJ l-F*24 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$1￿ TruStee5topreparefi￿nc4alstateme￿tSIoreaChf1Th)nc￿l pe¢iod whichc(Mnptyw(th the regulath￿s set Nlth8 c￿rIE￿$Act 2011. The Trustees haveelectedtotake)d*fi*&seof the provisi￿S ihat applyto smallcharit*As and haye prepared a ReceipTSand Paym@NsAccount nd St4temen¢ ofAsset5aThl Liabilil*SwhKhare Set￿10r￿pa9Ps O and 7 Appr(￿￿￿ byttr*TrUSt*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**| ||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. 8