**Spirit inspired**
**Charity No.1191674**
## **Spirit Inspired Trustees Report and Financial Statement For the year ended 31 July 2021.**
**Information For the Year Ended 31 July 2021**
**Spirit Inspired**
## **TRUSTEES**
Mr. Emmanuel M Antwi Ms Felicia Osei Gyimah Mr ISAAC WILLIAM Mensah
**REGISTERED OFFICE** Ground floor 7 - 1 1 Barking Road London E6 1PW **CHARITY NUMBER** 1191674 **ACCOUNTANTS** F & D Accounting Services Ltd 16 Moorfield Road Enfield Middlesex EN3 5XP
**Contents For the Year Ended 31 July 2021**
2
|**Spirit Inspired**||
|---|---|
|Trustee’s Report|4|
|Independent Accountant’s Report|7|
|Statement of Financial Activities|8|
|Balance Sheet|10|
|Notes to the Accounts|....11|
**Trustee’s Report For the Year Ended 04 April 2020**
3
**Spirit Inspired Aims and objectives.**
The principal objects of the charity are to advance Christianity enabling as many people as possible to worship at our church and to become part of our Christian community in London. When planning our activities for the year, we have considered the Charity Commission's guidance on public benefit and the specific guidance on charities for the advancement of religion. We encourage ordinary people to live out their faith as part of our Christian community through:
- ●Worship and prayer; steadying the word of God to develop their knowledge and trust in Jesus Christ.
- ●Providing pastoral care for people living in the community.
- ●Missionary and outreach work
## **Summary of the main achievements during the period:**
## Worship, Prayer and steadying of the word of God.
Spirit Inspired as a ministry has continued to encourage the members to worship and show love to their community. We have programmes during weekdays and weekends. Prayers are also offered through home cell or house groups where the focus is on individual needs. This system of approach has in our opinion brought a lot of spiritual and social benefit to the community. The Worship Ministry of the church has the vision of focusing first on God and secondly on serving the needs of the congregation. We seek to combine different talents in the church in vibrant worship services, concerts and special events. Our mission is to reach the youth, the locals and the entire community.
## Pastoral and care:
The trustees have ensured that every member of Spirit Inspired Trust has been attended to throughout the year. The Church has a strong pastoral team that ensures that counselling and moral guidance is rolled out effectively. Pastoral care is given under the strums of counselling, career and education. Teaching programmes are scheduled throughout the year in partnership with other ministries in the community. Members of Christ Redemption church Trust are encouraged to contact the pastoral teams should they need any help.
## Mission and evangelism:
We have cultivated as part of our ministry a mission of helping the needy. This we term Love “Samaritan Mission”. We endeavour to help locally and internationally.
4
## **Spirit Inspired** Church Activities of Public Benefit
In addition to the general achievements mentioned above, the following specific activities which we deem fit for public benefits were undertaken during the year.
- a) Supply of Relief items to our Local Food Bank for economically disadvantaged people.
- b) Ministry to female Carers in the community during International Women’s Day.
- c) Youth Singing Classes
- d) Musical instruments training classes for young people
- e) Annual Black History Month Activities which seek to get the community further acquainted with the Black Culture.
- f) Participated in activities organised by other charities in the local community.
## The charity's policy on reserves
We aim to build up reserves in order to be prepared for unforeseen expenses. We would like to hold 3 months running expenses in reserves.
## Exemptions
The trustees have taken advantage of the exemptions available to small companies, including the audit exemption (see statement on balance sheet)
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**Spirit Inspired**
## **Financial review during the year**
The total incoming resources of the church during the year amounted to £950 (2020 £0). Of this total £930 (2020 £0) was derived from a general donation from members. The total resources expended in the year amounted to £805 (2020 £0) leaving a net inflow of £145 (2020 inflow £0). The accumulated Surplus amounts to £145.
## **Funds**
No part of the funds of the church is under any form of restriction.
## **Statement of financial responsibilities of the trustees**
Law applicable to charities in England and Wales requires the trustees as managing trustees to prepare financial statements for each financial year. In preparing those financial statements, the trustees should follow best practices and.
- I. select suitable accounting policies and then apply them consistently .
- II. make judgement and estimates that are reasonable and prudent.
- III. state whether applicable accounting standards have been followed subject to any materials departures disclosed and explained in the financial statements.
- IV. preparing the financial statements on the going concern basis unless it is inappropriate to presume that the church will continue in business.
The Board of Trustees is responsible for keeping proper accounting records, which disclose with reasonable accuracy at any time the financial position of the church and to enable them to ensure that the financial statements comply with the Charities Act 1993 and the Charities (Accounts and Reports) Regulation 1995. They are also responsible for safeguarding the assets of the church.
Signed on behalf of the charity's trustees: Emmanuel Antwi
Date: 30/05/2022
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**Spirit Inspired**
## **Independent Accountant’s Report For the Year Ended 31 July 2021**
I report on the accounts for the year ended 31 July 2021 which are set out on pages 8 to 15.
## **Respective responsibilities of trustees and examiner**
The charity's trustees consider that an audit is not required for this year (under section 43(2) to the Charities Act 1993 (the Act) and that an independent examination is needed. It is my responsibility to:
Examine the accounts (under section 43 of the Act), follow the procedures laid down in the General Directions given by the Charity Commission (under section 43(7)(b) of the Act), and to state whether matters have come to my attention.
## **Basis of independent examiner's report**
My examination was carried out in accordance with General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity 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**
During 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 41 of the Act; and to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 1993 Act; has not been met; or
2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Mr Daniel Bosompem Antwi - (AFA, MIPA, MSc, BSc,)
Signature: ~~DKB~~ Date: 30/05/2022
F & D Accounting Services Ltd 16 Moorfield Road Enfield EN3 5XP
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**Spirit Inspired**
## **Statement of Financial Activities (including Income and Expenditure Account)**
## **For the Year Ended 31 July 2021**
|**Notes**
**INCOMING**
**RESOURCES**
**Incoming resources**
**from**
**generated funds:**
Voluntary income:
Donation
1
Building funds
Activities for generating funds:
Investment income
Other incoming resources
**Incoming resources from charitable**
**activities: Gift Aid**
**Total incoming**
**resources**|**Unrestrict**
**ed funds**
**Year ended**
**31/07/2020**
**Total**
**funds**
**£**
**£**
**£**
950
950
0
-
0|
|---|---|
||**950**
**-**
**950**|
8
**Spirit Inspired**
|**RESOURCES**
**EXPENDED**
Charitable activities:
2
Governance costs
3
**Total resources**
**expended**
**Net incoming/(outgoing) resources and net income/**
**(expenditure) for the year before transfers**
Transfers between funds
**Net movement in funds**
4
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|805
0|
|---|---|
||**805**|
||**145**|
||**145**
**-**|
||**145**|
There were no recognised gains or losses for the period other than those included in the Statement of Financial Activities
The notes on pages 9 to11 form part of these accounts
9
**Spirit Inspired**
## **Balance Sheet For the Year Ended 31 July 2020**
|**Notes**
**Fixed assets**
Tangible assets
5
**Current assets**
Loan to church members
Cash at bank and in hand
**Creditors:**
Amounts falling due within one year
6
**Net current assets**
**Total assets less current liabilities**
**Amounts**
**fallingLongterm**
**XXXxXXXXliabilities:**
**Unrestricted funds**
General funds /(defcits)
7
Designated funds
**Restricted funds**|**2020**
**£**
0|
|---|---|
||0|
||1
45|
||1
45
**-**|
||**145**|
||**145**|
||145
-|
||**145**
**-**|
10
**Spirit Inspired**
**145**
## **Total funds/(deficits)**
Approved by the board of trustees on 31 July 2021 and signed on their behalf by: Emmanuel Antwi
(Chair)
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**Spirit Inspired**
## **Notes to the Accounts**
## **For the Year Ended 31 July 2021**
## 1 **Accounting policies**
The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and in the preceding year.
## **Basis of accounting**
The accounts have been prepared under the historical cost convention and in accordance with the latest Statement of Recommended Practice (SORP) for charities and the Financial Reporting Standard for Smaller Entities (effective Jan 2008) and include the results of the church's operations as indicated in the trustees’ report, all of which are continuing.
## 1.1 **Incoming Resources**
## **Tithes and offerings**
Income from tithes and offering is included in incoming resources when these are receivable.
## **Investment income**
Investment income consists of net interest received during the year and accounted for as unrestricted fund. The charity has taken advantage of the exemption in Financial Reporting Standard No.1 from the requirements to produce a cash flow statement on the grounds that it qualifies as a small charity.
## 1.2 **Resources expended**
All expenditure is accounted for on and accruals basis and is inclusive of VAT.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include accountancy, legal, professional fees and other costs linked to the strategic management of the charity. Governance costs which cannot be allocated directly are apportioned on an appropriate basis.
## 1.3 **Fixed assets**
11
## **Spirit Inspired**
Fixed assets are stated at cost less accumulated depreciation. Depreciation is provided at rates calculated to write off the cost of each asset, less its estimated residual value, over the useful economic life of that asset as follows: Equipments, fixtures & fittings - 25% per annum
12
|**Spirit Inspired**
**Direct cost of charitable activities:**
Ministerial Welfare
Members Support and Welfare
Mission Support (other charities)
General Church Administration
Honorarium
Rent payable
Printing, postage and stationery
Advertising and PR
Telephone
Travelling and entertainment
Computer Cost
Motor expenses
Bank charges
Sundry expenses
Depreciation on fxtures & equipment|**2**
**Charity**
**activities**
**Total**
**Unrestrict**
**ed**
**Restricted**
**Year ended**
**31/07/21**
**£**
0
0
8
05
0
0
0
0
0
0
0
0
0
0
0
0
-
805|
|---|---|
## **3. Governance costs**
**Total Unrestrict Restricted Year ended ed 31/07/21**
12
**£ £** 0
Legal and professional