IMPRINT
(Registered charity 1189327)
Report and Accounts Year ended 3 November 2022
1 Lamb's Passage, London EC1Y 8AB www.stewardship.org.uk
IMPRINT
LEGAL & ADMINISTRATIVE DETAILS
FOR THE YEAR ENDED 3 NOVEMBER 2022
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 MANAGING THE CHARITY S Agbaje A Amafu-Dey K C Marufu B Thambipillai B Bannor T Omooba A Walker
INDEPENDENT EXAMINER
S H Mathews FCA FCIE Stewardship 1 Lamb's Passage LONDON EC1Y 8AB
INDEX
Pages 1-4 Page 5 Page 6 Page 7 Page 8
Trustees' Report Independent Examiner's Report Receipts and Payments Account Statement of Assets & Liabilities Notes to the Accounts
IMPRINT
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 3 NOVEMBER 2022
The Trustees have pleasure in submitting the Report and Accounts for the year ended 3rd November 2022.
Objects of the charity
The objects of the CIO are:
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To advance the Christian faith in the UK and worldwide for the public benefit
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To produce materials for religious education, and engaging traditional media such as religious books, music, literature, and films.
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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
IMPRINT as a charity encompasses many creative endeavours alongside our church services currently in two cities, driven by a collective of people with the desire and passion to make Jesus known across this nation and nations all over the world.
IMPRINT Charity aims to leave an impact in all aspects of society and media. The Charity specialises in the production of Gospel Musicals as a creative evangelism tool to plant churches and build community. The Charity also creates short and medium length Christian films under the ‘IMPRINT Productions’ umbrella to show biblical principals at work in everyday life, and distribution of IMPRINT own brand Christian music across all genres encompassing the record label ‘IMPRINT Music’. Within IMPRINT Church there are various ministries including IMPRINT Worship, Wonder, Outreach amongst others.
Further to this, the Charity provides its teaching in person and onlinefor services midweek and on Sunday, which are open to all. IMPRINT church also has midweek meetings for the church members and also runs 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 as we are passionate about ‘leaving our mark’ or having an impact on the world around us, as we have been impacted and transformed by Jesus.
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Achievements made by the Charity during the period include:
Central
IMPRINT music
IMPRINT continues to spread the message of the Gospel through IMPRINT Music and the associated musical artists within IMPRINT Sound. The shared experiences of faith in bold and creative ways through their songs remains at the heart of this movement.
IMPRINT Music hosted its second Christmas Music Concert at St Edmund’s the King & Martyr (London), celebrating various Christian music releases by a number of the artists signed to its record label, IMPRINT Sound.
IMPRINT Music also released several songs during the year; IMPRINT Worship released 2 singles “Run For You” and “Dance” with accompanying music videos on Youtube, Solo artists on the label released an array on music through this period including an EP, and a number of singles across the roster.
Wonder
IMPRINT's annual women's fellowship (“Wonder”) conference in London with the theme 'A Perfect Harmony'. This presented an opportunity for women across the UK to gather and build friendships with other Christian women, learn how to boldly pursue their purpose, and mutually encourage and support each other in their personal lives as they continually help to equip, empower and enrich women.
This year's conference featured guest speakers, and a series of workshops focusing on prayer, relationships, and mental health.
Outreach
This year IMPRINT launched its inaugural "Mission School". This is a program designed to educate and prepare early stage missionaries to go beyond their personal spheres and communities to further the message of the gospel. This school included speakers from across the globe sharing testimonies and teaching equipping those even beyond the IMPRINT Community.
IMPRINT also founded its "Evangelism School". This four week school consisted of interactive workshops on topics such as sharing the gospel in your local context, via social media and through creative means such as music. The attendees were given the opportunity to put what they learnt into practice through outreaches in the local area.
IMPRINT has continued to run the Alpha course. This is a course designed for non-Christians to learn the fundamentals of the Christian faith and provide a space to ask questions and to understand who God is and to learn about his character. This course was facilitated twice during the year.
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London
Services & Events
Continuation of London Sunday services (held at 2pm and 5pm) which have seen weekly attendances increase by 25% from last year.
Launch of Lunchtime services taking place at 1pm on a Thursday at our London campus. This initiative was designed to extend IMPRINT’s reach to city workers, and serve our local community providing a new space to discover and affirm their Christian faith.
IMPRINT’s annual New Year’s Eve (“NYE”) Crossover Service gave our community the opportunity to usher in the new year in a celebration of faith. Hosted at St John’s Church, Hyde Park, this was attended by approximately 170 people.
Our London campus put on its third musical “Two Sides” at the Greenwood Theatre, another show in IMPRINT’s established history of drama productions creating innovative and relatable stories to share God’s word and demonstrate biblical teachings. “Two Sides” told the story of the "Prodigal Son" in a modern context touching on family separation and reconciliation, fatherhood and community. Our musicals continue an integral part of our evangelism and church expansion model, and we saw many attendees from outside of our community as part of the sold out crowd of 450 attendees.
Leicester
Services & Events
Leicester Sunday services have continued following the campus’ reopening in 2021. These services are held at 6pm and have an average weekly attendance of 30 people, with a growing student demographic.
We also saw the relaunch of our Leicester ‘Crews” with one in person gathering, and another taking place online.
Our Leicester campus debuted a new event entitled “The Sanctuary Session”, a concert celebrating gospel music with a focus on expression through Jazz, Hip-Hop, and Neo-Soul styles. This event also featured an open-mic segment inviting local musicians to take part in attempts to reach our wider community and build new connections.
Outreach
Our Leicester campus ran a course entitled “School of Prayer”, developing our community in the area of intercession. This provided an opportunity for attendees to further their understanding of prayer and how to pray in accordance with scriptures, ultimately strengthening their relationship with God and affirming their faith.
In planning the activities the Trustees have applied the guidance on public benefit issued by the Charity Commission.
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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 charity 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 approximately £80,000 (2021 £15,000), and the charity is complying with its reserves policy.
After the reporting date, IMPRINT and PCC of St Mary Woolnoth, St Edmund the King and St Clement Eastcheap (Charity number: 1186263) have de facto become a single charity for the London based element of their operations, to better coordinate charitable activity. From 1 January 2023, it was independently agreed by the trustees of both organisations to merge their operations. This restructure has led to all future London congregational giving received (c.£110k) and expenditure made (c.£100k) by IMPRINT from the London church congregation being transferred to the PCC of St Mary Woolnoth, St Edmund the King and St Clement Eastcheap from this date onwards.
The other elements of the work of IMPRINT continue within the current charity, with particular emphasis on the continuing work of the Leicester congregation.
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: 24 July 2023
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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 year ended 3rd November 2022 on pages 6 to 8 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:
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accounting records were not kept in accordance with section 130 of the 2011 Act; or
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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: 25 July 2023
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IMPRINT
RECEIPTS AND PAYMENTS ACCOUNT
FOR THE YEAR ENDED 3 NOVEMBER 2022
| Unrestricted | Funds | ||||||
|---|---|---|---|---|---|---|---|
| General | Designated | Restricted | 12 months | 18 months | |||
| Funds | Funds | Funds | 2022 | 2021 | |||
| Notes | £ | £ | £ | £ | £ | ||
| Income receipts | |||||||
| Donations | 140,067 | 9,309 | 476 | 149,852 | 118,551 | ||
| Gift aid receipts | 32,984 | - | - | 32,984 | - | ||
| Other grants | 3,905 | - | - | 3,905 | 4,293 | ||
| Income from courses and events | - | - | - | - | 694 | ||
| Income from letting of facilities | 531 | - | - | 531 | - | ||
| Income from charitable activities | 984 | - | - | 984 | 2,136 | ||
| Other | 37 | - | - | 37 | - | ||
| 178,507 | 9,309 | 476 | 188,292 | 125,674 | |||
| Total receipts | 178,507 | 9,309 | 476 | 188,292 | 125,674 | ||
| Payments | |||||||
| Payments in relation to charitable activities undertaken directly |
2 | 97,248 | - | - | 97,248 | 101,431 | |
| Grants paid in relation to charitable activities |
3 | - | - | - | - | 4,300 | |
| 97,248 | - | - | 97,248 | 105,731 | |||
| Purchase of fixed asset equipment | 15,025 | - | - | 15,025 | 13,856 | ||
| 15,025 | - | - | 15,025 | 13,856 | |||
| Total payments | 112,273 | - | - | 112,273 | 119,587 | ||
| Net movement in funds | 66,234 | 9,309 | 476 | 76,019 | 6,087 | ||
| Cash funds brought forward | 15,664 | - | - | 15,664 | 9,576 | ||
| Cash funds at this year end | A | 81,898 | 9,309 | 476 | 91,683 | 15,664 |
The notes on page 8 form part of these accounts.
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IMPRINT
STATEMENT OF ASSETS AND LIABILITIES FOR THE YEAR ENDED 3 NOVEMBER 2022
| 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 Accounts and Independent Examination 2021 Accounts and Independent Examination 2022 Accrued expenses Total |
General Designated funds funds £ £ 81,898 9,309 81,898 9,309 5,662 - 1,700 - 7,362 - 1,800 - 1,500 309 - 3,609 - 3,609 - Unrestricted Funds |
Restricted funds £ 476 476 - - - - - - - |
2022 £ 91,683 91,683 5,662 1,700 7,362 1,800 1,500 309 3,609 3,609 |
2021 £ |
|
|---|---|---|---|---|---|
| General funds £ 81,898 81,898 5,662 1,700 7,362 1,800 1,500 309 3,609 3,609 |
|||||
| 15,664 | |||||
| 15,664 | |||||
| 13,839 1,625 |
|||||
| 15,464 | |||||
| 1,800 - 250 |
|||||
| 2,050 | |||||
| 2,050 |
D Assets retained for charity's own use
| Fund to which asset belongs Music and PA equipment General Computers and IT General Other equipment General Furniture and fixtures General |
Cost £ 21,244 4,949 3,702 5,848 35,743 |
Current value £ |
|---|---|---|
| 15,000 4,000 3,000 5,000 |
||
| 27,000 |
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: 24 July 2023
The notes on page 8 form part of these accounts.
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IMPRINT
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 3 NOVEMBER 2022
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.
| 2 Payments in relation to charitable activities undertaken directly Staff, contractor & volunteer Costs (see Note 4) Rent & premises Central Ministries Community and Outreach Ministries Leicester Ministries London Ministries Ministry sales expenses Licences and Subscriptions Administrative, bank & sundry costs Fundraising 3 Grants paid Within 'Central Ministries' were grants for the relief of hardship and ne Grants to individuals |
Unrestricted Fun General funds £ 10,186 33,632 16,353 7,372 4,781 4,369 1,809 3,837 14,698 211 97,248 ed: - - |
ds Designated funds £ - - - - - - - - - - - - |
Restricted Funds £ - - - - - - - - - - - - - |
12 months Total 2022 £ 10,186 33,632 16,353 7,372 4,781 4,369 1,809 3,837 14,698 211 97,248 - - |
18 months 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. No payments were made in the year to 3 November 2022.
5 Movement of funds
| vement of funds | |||||
|---|---|---|---|---|---|
| General funds Designated funds Legacy Fund Restricted funds Equipment Grant Fund "Family" (Pastoral Care) Fund Total funds |
Opening balance £ 15,664 |
Receipts £ 178,507 |
Payments £ (112,273) |
Transfers £ - |
Closing balance £ 81,898 |
| - - - - - 15,664 |
9,309 9,309 - 476 476 188,292 |
- - - - - (112,273) |
- - - - - - |
9,309 | |
| 9,309 | |||||
| - 476 |
|||||
| 476 | |||||
| 91,683 |
The "Legacy" (Annual Giving) Fund
This fund reflects unrestricted donations made for new initiatives and projects intended to have generational impacts. Whilst the donations are unrestricted, the Trustees of IMPRINT have designated its usage for this purpose.
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.
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