**Charity Number: 1191524**
## **INSPIRED CRUSADE EVANGELICAL MINISTRIES**
**Trustees' Report and Financial Statements Period: 01 April 2021 to 31 March 2022**
## **INSPIRED CRUSADE EVANGELICAL MINISTRIES**
## **Trustees' Report and Financial Statements Period: 01 April 2021 to 31 March 2022**
## **Contents**
||Page|
|---|---|
|- Trustees' Annual Report|
1-2|
|- Independent Examiner's Report|
3|
|- Statement of Financial Activities|
4|
|- Balance Sheet|
5|
|- Notes to the Financial Statements|
6-7|
|(inclusive of Detailed Income & Expenditure)||
## **INSPIRED CRUSADE EVANGELICAL MINISTRIES**
## **Administrative Information**
## **Directors and Board of Trustees**
W V M Njuundom A E Adegboye S O Kosoko Pastor J O Oladejo (Chairman)
**Charity Number** 1191524
## **Registered Office**
26-42 Plumstead High Street London SE18 1SL
## **Accountant**
M. Y. Ojo Business Services
**Bankers** Barclays Plc
## **INSPIRED CRUSADE EVANGELICAL MINISTRIES**
**Report of the Trustees for the period ended 31 March 2022**
The Trustees have the pleasure of submitting their report and financial statements for the period ended 31 March 2022 which comply with current statutory requirements and the governing documents of the charity.
## **The Object of the Charity**
The object of the Charitable Incorporated Organisation is to advance the Christian faith for the public benefit in accordance with the statement of beliefs and practices in the Schedule hereto in London and in such other parts of the United Kingdom or the world as the charity trustees may from time to time think fit.
## **Objectives and Activities**
The main objectives of the charity, General charitable purposes, are helping people with disability, the prevention or relief of poverty, and religious activities.
The charity helps children and young people, the elderly, people with disability, people of a particular ethnic or racial origin, other charities of voluntary bodies and the general public.
## **Strategies for Achieving Objectives and Activities held during the year**
The charity aims at chieving these objectives by:
- making grants to individuals;
- making grants to organisations;
- providing other finances to individuals;
- providing building facilities and open space;
- -- providing services;
- engaging in other charitable activities, throughout England and Wales.
## **Review of Financial Position**
Please refer to the annexed accounts for the details of the financial statements for the year ended 31 March 2022.
1
## **INSPIRED CRUSADE EVANGELICAL MINISTRIES**
## **Report of the Trustees for the period ended 31 March 2022**
## **Risk Assessment**
The Board of Trustees actively review the major risks facing the charity on a regular basis to ensure measures are put in place to safeguard the charity's funds and assets. The Trustees also ensure that legal advice is sought when necessary on crucial issues concerning the ministry.
## **Reserves Policy**
The Trustees would like to work towards maintaining unrestricted funds at a level which equates to approximately three months of unrestricted expenditure.
## **Volunteers**
The charity is utilising the services of volunteers who offer their time and skills in the different activities engaged in through the year.
## **Summary of Income**
During the year under review, we received donations from members totalled: £7,830.00 (31 March 2021 was £1,140.00 and reclaimed Gift Aid totalled: £0.00)
## **Trustees Responsibilities in relation to Financial Statements**
The Charities Act requires the Trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for that period.
In preparing those financial statements, the trustees are required to:
- a) select suitable accounting policies and then apply them consistently;
- b) make judgements and estimates that are reasonable and prudent;
c) state whether applicable accounting standards and Statement of Recommended Practice (SORP) been followed, subject to any departures disclosed and explained in the financial statements;
d) prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in business.
Signed:
Pastor J O Oladejo (Chairman)
Date: 31 May 2022
2
## **INSPIRED CRUSADE EVANGELICAL MINISTRIES**
## **Independent Examiner's Report**
The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity to enable them to ensure that the financial statements comply with the Charities Act.
They are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
I report on the accounts for the year ended 31 March 2022 as set out on pages five to eight.
## _**Respective responsibilities of Trustees and Examiner**_
The charity's trustees are responsible for the preparation of the accounts. It is my responsibility to:
- examine the accounts under Section 145 of the 2011 ACT;
- follow the procedures laid down in the General Directions given by the Charity Commissioner sunder S145(5)(b) of the Act
- state whether matters have come to my attention.
## _**Basis of Independent Examiner's Report**_
My examination was carried out in accordance with the General Directions given by the Charity Commission.
An examination includes a review of the accounting records kept by the charity and ac 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 you as trustees concerning such matters.
The procedure taken 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 connection with my examination, no matter has come to my attention: 1) which gives me reasonable cause to believe that in any material respect the requirements
- to keep accounting records in accordance with section 130 of the 2011 Act and
- to prepare accounts which accord with the accounting records and comply accounting requirements of the 2011 Act not been met, or
2) to which, in my opinion, attention should be drawn to enable a proper understanding of the accounts to be reached.
M. Y. Ojo Business Services Date: 31 May 2022
3
## **INSPIRED CRUSADE EVANGELICAL MINISTRIES**
## **Statement of Financial Activities Period: 01 April 2021 to 31 March 2022**
|Notes
**INCOMING RESOURCES**
Voluntary income
2
Gift Aid Claimed
**RESOURCES EXPENDED**
Charitable activities
3
Management & administration
of charity
5
Total resources expended
Total funds brought forward
**TOTAL FUNDS CARRIED**
**FORWARD**
Incoming resources from general
funds
Support costs of activities in
furtherance of charity's objects
**NET INCOMING RESOURCES**
**RECONCILIATION OF FUNDS**|Un-
restricted
Funds
2022
£
7,830
-
7,830
-
15,003
15,003
7,173
1,197
5,976|Restricted
Funds
2022
£
-
-
-
-
-
-
-
-
-|Total
Funds
2022
£
7,830
-
7,830
-
15,003
15,003
7,173
1,197
5,976|Total
Funds
2021
£
1,140
-|
|---|---|---|---|---|
|||||1,140|
|||||628
-|
|||||628|
|||||512
685|
|||||1,197|
4
## **INSPIRED CRUSADE EVANGELICAL MINISTRIES**
## **Balance Sheet as at 31 March 2022**
|Notes
4
**RECONCILIATION OF FUNDS**
Total funds brought forward
5
TOTAL FUNDS CARRIED FORWARD
**Creditors: amount due within one year**
**Net current assets**
**Total assets less current liabilities**
**Net assets**
**Unrestricted Funds**
Cash at bank and in hand
**Current assets**|2022
£
403|
|---|---|
||403
6,379|
||5,976|
|||
||5,976|
|||
||5,976|
||1,197
7,173|
||5,976|
## CONTINUING OPERATIONS
All incoming resources and resources expended arise from continuing activities.
Signed by: Pastor J O Oladejo (Chairman) Date: 31 May 2022
5
## **INSPIRED CRUSADE EVANGELICAL MINISTRIES**
## **Notes to the Financial Statements Period: 01 April 2021 to 31 March 2022**
## 1) Accounting policies
## _Basis of preparation_
The accounts have been prepared under the historical convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
## _Incoming Resources_
Income mainly from donations and bank interest received are included in the financial statements when received.
## _Resources Expended_
All expenditure is accounted for on an accrual basis and has been classified under headings that aggregate all costs related to the c
## _Taxation_
|_Taxation_||
|---|---|
|4) Creditors: amount due within one year
Accrued charges
Rent
As a charity, the charitable funds are exempt from corporation tax but not|2022
£
529
5,850
from VAT.|
||6,379|
- Accrued expenses: accountancy fees payable for 2021/22
- Rent paid for the period from April 2021 to October 2021, at £1,170.00 per month totalled £8,190.00
Amount of rent accrued on account for the period from November 2021 to March 2022 totalled £5,850.00
|At 1 April 2021
At 31 March 2022
5) Unrestricted Funds
Unrestricted Funds for the year|2022
**£**
1,197
7,173|
|---|---|
||5,976|
6
## INSPIRED CRUSADE EVANGELICAL MINISTRIES
## Notes to the Accounts
Detailed Income and Expenditure Account Period: 01 April 2021 to 31 March 2022
|6.1 INCOMING RESOURCES
Voluntary Donations:
Tithes, offering & thanksgiving
Outreach expenses
Website charges
Professional fees
Insurance
Gift Aid Claimed
OUTGOING RESOURCES
6.3 Management and administration of charity
Rent
6.2 Voluntary cost of generating voluntary
income|Un-
restricted
£
7,830
-
7,830
-
-
14,040
43
775
145
15,003|Restricted
£
-
-
-
-
-
-
-
-
-|2022
£
7,830
-|
|---|---|---|---|
||||7,830|
||||-|
||||-|
||||14,040
43
775
145|
||||15,003|
7