IMPRINT
(Registered charity 1189327)
Report and Accounts Period ended 3 November 2021
1 Lamb's Passage, London EC1Y 8AB www.stewardship.org.uk
IMPRINT
LEGAL & ADMINISTRATIVE DETAILS
FOR THE 18 MONTH ENDED 3 NOVEMBER 2021
ADDRESS FOR CORRESPONDENCE St Edmund the King 57 -59 Lombard Street London EC3V 9EA GOVERNING DOCUMENT Constitution dated 4 May 2020 CHARITY REGISTRATION NUMBER 1189327 TRUSTEES RESPONSIBLE FOR A Agbaje (Appointed May 2020) MANAGING THE CHARITY S Agbaje (Appointed May 2020) A Amafu-Dey (Appointed August 2021) K C Marufu (Appointed August 2021) B Thambipillai (Appointed May 2020) B Bannor (Appointed May 2020) T Omooba (Appointed May 2020) S Opoku-Asamoah (May 2020 until August 2021) A Walker (Appointed May 2020)
INDEPENDENT EXAMINER S H Mathews FCA FCIE Stewardship 1 Lamb's Passage LONDON EC1Y 8AB
INDEX
Page 1 Legal & Administrative Details Pages 2-4 Trustees' Report Page 5 Independent Examiner's Report Page 6 Receipts and Payments Account Page 7 Statement of Assets & Liabilities Pages 8-9 Notes to the Accounts
Page 1
IMPRINT
REPORT OF THE TRUSTEES
FOR THE 18 MONTH ENDED 3 NOVEMBER 2021
The Trustees have pleasure in submitting the Report and Accounts for the period ended 3 November 2021.
Objects of the charity
The objects of the CIO are:
-
To advance the Christian faith in the UK and worldwide for the public benefit
-
To produce materials for religious education, and engaging traditional media such as religious books, music, literature, and films.
-
To provide pastoral care in the community and the relief of any person who is in charitable need.
Summary of the charity's main activities and achievements
At IMPRINT, we want to see a generation from all types of backgrounds not defined by their past, insecurities, failures, sin, shame, guilt, approval from others, defaults and shortcomings but a generation completely defined by what God says about them. IMPRINT is a relationship based network which wants to help bring the 'Prodigals' home, this is a commission to help individuals who feel lost and confused to find to find church, community and home.
The volunteers and those connected with IMPRINT are a collective of people with the desire and passion to make Jesus known across this nation and nations all over the world.
To this extent, IMPRINT primarily provides Sunday services which provide members of the congregation and wider public opportunities to practice their faith in-person and virtually.
Further to this, the Charity provides the normal teaching in the church on Sunday, which are open to all, and midweek meetings for the church members and also by running specific courses to address particular aspects of Christian living which is open to the wider community; all of which are provided without charge.
The aims of the teaching, preaching and discipleship programs include the impact upon lifestyle arising from following the teaching of Christ "to love God and your neighbour as yourself”.
IMPRINT aims to leave an impact in all aspects of media. The Charity specialises in the production of Gospel Musicals and Showcases, the creation of short and medium length Christian films to show biblical principals at work in everyday life, and distribution of IMPRINT own brand Christian music across all genres.
Page 2
Achievements made by the Charity during the period include:
-
London Sunday services (held at 2pm and 5pm) which have acheived weekly attendances of approximately 80 and 40 respectively. Leicester Sunday services are held at 6pm and have attendees circa 25 regular members, with a growing student demographic.
-
Increased the number of small group hubs ('Crews') to 7. These a smaller sub-communities which provide support and opportunities to further study and learn about the Christian faith. Meetings are held weekly every Tuesday to Thursday, with average sizes of 15 to 20 members.
-
reopening of a second operational congregation within the city of Leicester. This represents a new place of worship within the IMPRINT network and is welcoming to residents, workers and students across the midlands region.
-
Release of 2 IMPRINT short films, 'Lockdown' and 'Motions' on YouTube (IMPRINT TV). These films showcased the ongoing life challenges Christians face in their daily lives and how their faith helps provide ongoing hope.
-
Launch of a new IMPRINT Extended Play 'His Response' which contained 5 new singles for listeners to worship and connect with God. An additional single, 'What A Gift', was recorded as a Christmas special for the festive season. IMPRINT Worship continues to create music to display the transformative power of God and to leave an imprint on local communities and the world.
-
Hosted IMPRINT's annual women's fellowship ('Wonder') conference in London. 'Rooted: Beyond the Surface' presented an opportunity for women across the country to gather a build friendships with other Christian women, learn how to boldly pursue their life purpose, and receive encouragement and support in their personal lives. Wonder continually aims to help women to be equipped, empowered and enriched.
In planning the activities the Trustees have applied the guidance on public benefit issued by the Charity Commission.
Financial review
During the period income was £125,674 and expenditure was £119,587. As a result the cash held by the charity increased by £6,087, to £15,664, of which all is unrestricted and can be used for any charitable purpose.
The Church continues be financially supported by the generous congregational giving of the church community. The community engages and supports the ongoing vision and work of the IMPRINT network which has enabled the modest income surplus compared to budget.
Reserves policy
It is not the intention of the PCC to hold large amounts of reserves for investment purposes, as it believes the churches resources should be used for the work of God’s kingdom, as it is provided to us. It is however recognised as prudent to keepsome general reserves.
The trustees have determined that the charity should aim to hold unrestricted cash of no less than 3 months' of unrestricted expenditure. so that the charity could continue to operate should income and / or expenditure vary adversely. At the year end, the charity held unrestricted cash of £15,664, and the charity is complying with its reserves policy.
After the reporting date, the charity has begun building additional funds for the purpose of future staffing and investment plans. The reserves policy has subsequently changed to ensure unrestricted cash does not fall below £20,000.
Page 3
Responsibilities of trustees
Charity law requires us as Trustees to prepare financial statements for each accounting year which record the receipts and payments of the charity for the year.
We are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable us to ensure that the financial statements comply with the Charities Act 2011.
We also have a responsibility to safeguard the assets of the charity and to take reasonable steps to prevent fraud or any other irregularities.
Approval
This report was approved by the trustees and signed on their behalf by:
A Amafu-Dey
_________ A Amafu-Dey
Date: 7 November 2022
Page 4
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF
IMPRINT
I report to the trustees on my examination of the accounts of Imprint ('the charity') for the period ended 3 November 2021 on pages 6 to 9 following.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the 2011 Act’).
I report in respect of my examination of the charity’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 2011 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 accordance with section 130 of the 2011 Act; or
-
the accounts do not accord with the accounting records.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
S H Mathews
S H Mathews FCA FCIE
Stewardship 1 Lamb's Passage LONDON EC1Y 8AB
Date: 8 November 2022
Page 5
IMPRINT
RECEIPTS AND PAYMENTS ACCOUNT
FOR THE 18 MONTH ENDED 3 NOVEMBER 2021
| Notes Income receipts Donations Gift aid receipts Other grants Income from courses and events Income from charitable activities Total receipts Payments 2 3 Total payments Net movement in funds Cash funds received on inception Cash funds at this year end A Grants paid in relation to charitable activities Payments in relation to charitable activities undertaken directly Purchase of fixed asset equipment |
General Designated Funds Funds £ £ 118,061 - - - - - 694 - 2,136 - 120,891 - 120,891 - 101,431 - 3,810 - 105,241 - 9,563 - 9,563 - 114,804 - 6,087 - 9,576 - 15,664 - Unrestricted Funds |
Restricted Funds £ 490 - 4,293 - - 4,783 4,783 - 490 490 4,293 4,293 4,783 - - - |
2021 £ |
|---|---|---|---|
| 118,551 - 4,293 694 2,136 |
|||
| 125,674 | |||
| 125,674 | |||
| 101,431 4,300 |
|||
| 105,731 | |||
| 13,856 | |||
| 13,856 | |||
| 119,587 | |||
| 6,087 9,576 |
|||
| 15,664 |
The notes on pages 8-9 form part of these accounts.
Page 6
IMPRINT
STATEMENT OF ASSETS AND LIABILITIES
FOR THE 18 MONTH ENDED 3 NOVEMBER 2021
| Notes A Cash funds Cash at bank with immediate access B Other monetary assets Gift aid due to charity Other debtors - receipts in transit C Liabilities Falling due within one year Fee for Accounts and Independent Examination Accrued expenses Total D Assets retained for charity's own use Music and PA equipment Computers and IT Other equipment Furniture and fixtures |
General Designated funds funds £ £ 15,664 - 15,664 - 13,839 - 1,625 - 15,464 - 1,800 - 250 - 2,050 - 2,050 - Fund to which asset belongs General General General General Unrestricted Funds |
Restricted funds £ - - - - - - - - - Cost £ 6,437 3,423 2,162 1,835 13,856 |
2021 £ |
|---|---|---|---|
| 15,664 | |||
| 15,664 | |||
| 13,839 1,625 |
|||
| 15,464 | |||
| 1,800 250 |
|||
| 2,050 | |||
| 2,050 | |||
| Current value £ |
|||
| 6,000 3,000 2,000 1,000 |
|||
| 12,000 |
Current values have been estimated by the trustees
E Guarantees and secured debts
The charity has not given any guarantees and has not provided its assets as security for any liabilities.
The accounts were approved by the trustees and signed on their behalf by:
A Amafu-Dey
_____ A Amafu-Dey
Date: 7 November 2022
The notes on pages 8-9 form part of these accounts.
Page 7
IMPRINT
NOTES TO THE ACCOUNTS
FOR THE 18 MONTH ENDED 3 NOVEMBER 2021
1 Accounting policies
The accounts have been prepared on a receipts and payments basis and comprise a statement that shows the charity's receipts and payments, a statement that summarises the charity's assets and liabilities and related notes. The accountancy profession have determined that only accounts prepared in accordance with applicable accounting standards present a 'true and fair' view and, as these receipts and payments accounts have not (and cannot) be prepared in accordance with accounting standards, these accounts do not present (and are not intended to present) a 'true and fair' view of the charity's financial activities and state of affairs.
General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. Restricted funds are donations which are to be used in accordance with specific restrictions imposed by donors; they include donations received from appeals for specific activities or projects.
| Unrestricted Funds General Designated funds funds £ £ 2 Payments in relation to charitable activities undertaken directly Staff & Volunteer Costs (see Note 4) 26,613 - Rent & premises 21,945 - Central Ministries 21,696 - Community and Outreach Ministries 3,157 - Leicester Ministries 6,035 - London Ministries 4,488 - Ministry sales expenses 5,291 - Licences and Subscriptions 5,068 - Administrative, bank & sundry costs 10,612 - Fundraising 336 - 105,241 - 3 Grants paid Within 'Central Ministries' were grants for the relief of hardship and need: Grants to individuals 3,810 3,810 - |
Restricted Funds £ - - 490 - - - - - - - 490 490 490 |
Total 2021 £ |
|---|---|---|
| 26,613 21,945 22,186 3,157 6,035 4,488 5,291 5,068 10,612 336 |
||
| 105,731 | ||
| 4,300 | ||
| 4,300 |
4 Transactions with related parties
S Opoku-Asamoah, who was a Trustee from May 2020 to August 2021, served as a church leader and was paid £13,200 for serving in that capacity, not for serving as a trustee; these payments are permitted by the charity's governing document.
Page 8
IMPRINT
NOTES TO THE ACCOUNTS
FOR THE 18 MONTH ENDED 3 NOVEMBER 2021
5 Movement of funds
| vement of funds | |||||
|---|---|---|---|---|---|
| General funds Restricted funds Equipment Grant Fund "Family" (Pastoral Care) Fund Total funds |
Initial balance £ 9,576 |
Receipts £ 120,891 |
Payments £ (114,804) |
Transfers £ - |
Closing balance £ 15,664 |
| - - - 9,576 |
4,293 490 4,783 125,674 |
(4,293) (490) (4,783) (119,587) |
- - - - |
- - |
|
| - | |||||
| 15,664 |
Equipment Grant Fund
This fund reflected gifts and grants that were specifically donated to enable the purchase of initial equipment for the ministry.
The "Family" (Pastoral Care) Fund
This fund reflects gifts and grants that were specifically donated to enable support for individuals and families in the community which were suffering distress or hardship.
Page 9