THE GRACE ORGANISATION Report and Accounts Year ended: 31** March 2025
| OWARISH &CO ACCOUNTANTS LTD
1 CHEAPSIDE NORTH CIRCULAR ROAD PALMERS GREEN LONDON N13 5ED TEL: 020 8149 4717 EMAIL: info@iowarish.co.uk WEB: www.iowarish.co.uk
THE GRACE ORGANISATION
FOR THE YEAR ENDED 3157 MARCH 2025
COMPANY INFORMATION
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|Registered|Office|Pretoria|Road|Community|Centre|
|Pretoria|Road|
|London|
|N17|8DX|
|Charity|Registration|Number|1014553|
|Trustees|Rev|Paulette Yusuf (Minister &|Chair)|
|Ms|Beverley|Messam|(Trustee)|
|Governing|Document|Constitution|For The|Grace|Organisation|
|Independent|Examiner|Mr|Ishmael|Owarish|
|||Owarish|&|Co Accountants|LTD|
|1|Cheapside|
|North|Circular|Road|
|Palmers|Green|
|London|N13|5ED|
|Bankers|Natwest|Bank|
|Upper|Edmonton|Branch|
|104/110|Fore|Street|
|Upper|Edmonton|
|London|N18|2XA|
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|CONTENTS|
|Company|Information|Page1|
|Trustees|Report|2|
|Independent|Examiner’s|Report|3|
|Receipts|and|Payments Account|4-5|
|Notes|to|the Accounts|6-7|
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THE GRACE ORGANISATION
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 315" MARCH 2025
The Trustees have pleasure in submitting the Report and Accounts for the year ending 31% March 2025 Objects of the charity
The principal aims and objectives of the Organisation are: a) the advancement of the Christian faith according to the principles of the Bible b) the advancement of education in the Christian faith; and Cc) to carry out other charitable purposes in the United Kingdom and/or other parts of the world.
The Organisation is committed to enabling as many people as possible to access its services and to become part of our local community. We run various activities, church services and events throughout the week. Governance The policy and operating decisions of the Organisation rest with the Trustees. Meetings are held throughout the year.
Review of Activities Annual Activity Report (1/4/24 to 31/3/25)
The Grace Organisation (also known as Grace Fellowship) has maintained a broad and active programme of ministry throughout the year.
Weekly Sunday services, Bible study, and prayer sessions continued consistently, with a number of new members joining the church community during the year.
The Praise and Worship team experienced growth, supported by the addition of new members to the Welcome team, strengthening both worship delivery and congregational engagement.
Regular training and teaching sessions were delivered throughout the year. The Youth Programme remained active, including the successful delivery of Youth Sundays.
Several christenings were conducted during the reporting period, reflecting continued pastoral and family engagement.
Pastoral care remained a priority, with counselling and support provided to members in need. In addition, a weekly food programme was delivered each Sunday to support individuals and families experiencing hardship.
The Homeless Project continued to operate, providing ongoing outreach and assistance.
Online services were delivered every Sunday, ensuring continued access to worship and teaching for those unable to attend in person.
Special services were held to mark Easter, Christmas, and the New Year, enabling the congregation to gather and celebrate key moments in the Christian calendar.
Approval ine was approved by the Trustees on 23" January 2026 and signed on their behalf by: Mrs Paulette Yusuf (Minister & Trustee)
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF
THE GRACE ORGANISATION
| have examined the accounts for the year ended 31% March 2025 on pages 4 to 7 following which have been prepared on the basis of accounting policies set out on page 6.
Respective Responsibilities of Trustees and Examiner
The Trustees of the company are responsible for the preparation of accounts; they consider that the audit requirements under section 144 of the Charities Act 2011 do not apply but that an independent examination is needed. I have been appointed to conduct an independent examination required by section 145 of the Charities Act 2011 and to report in accordance with the regulations made under section 145 of that Act.
It is my responsibility to examine the accounts, without performing an audit, and to report to the Trustees.
Having satisfied myself that the company is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:
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(1) examine the accounts under section 145 of the Charities Act 2011 F (2) follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011;
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(3) state whether the particular matters have come to my attention.
Basis of Examiner’s Statement
This report is in respect of an examination carried out under section 145 of the Charities Act 2011, and in accordance with the general direction given by the Charity Commissioners. 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 a review of the accounts and making such enquiries that would be required in an audit, and consequently no opinion is given as to whetherthe accounts present a ‘true and fair view’ and the reportis limited to those matters set out in the statement below.
Examiner’s Statement
Based on my examination, no matter has come to my attention which gives me reasonable cause to believe that in any material respect, accounting records have not been kept in accordance with section 386 of the Companies Act 2006, or that the accounts presented do not accord with those records; or comply with the accounting requirements of section 396 of the Companies Act 2006. No matter has come to my notice in connection with my examination to which, in my opinion, attention should be drawn to enable a proper understanding of the accounts. elTSA 29/01/26 Mr |. Owarish Independent Examiner | Owarish & Co Accountants Limited
THE GRACE ORGANISATION RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 315" MARCH 2025
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|Total|
|Unrestricted|Funds|
|Funds|2025|
|¢s|fs|
|Receipts|
|Voluntary|Receipts|Donations and|Regular Giving|2|40,002|40,002|
|Raised|for|Mission|Partners|-|-|
|Generated|Funds|Premises|Hire|-|
|Other|incoming|resourcesFees and Other|-|202|-|202|
|Payments|
|Church|Activities|
|Costs of the Ministry|Guest Speaker’s costs|4,091|4,091|
|Church Activities|11,900|11,900|
|Ministry Expenses|4|22,608|22,608|
|Missions|-|.|
|Premises|Costs|OtherChurch|Premises|Costs|3,329-|3,329-|
|Costs|of Generating Funds|-|-|
|Transfers|between funds|-|-|
|Net|t|fi|
|Balances brought forward 1 April|17,754|17,754|
|Balances|carried forward|31*|March|
|The notes on pages 6 and 7|form part of these statements|
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THE GRACE ORGANISATION RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31°" MARCH 2025
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|Total|
|Unrestricted|Funds|
|Funds|2025|
|€s|£s|
|Assets|
|Cash|Funds|Cash|Balances|1,242|1,242|
|Bank Current Accounts|12,356|12,356|
|Other Monetary Assets|
|Subtotal of Fund balances on the Receipts and Payments Account|13,598 mm|13,598|
|Debtor|<|
|Total Assets including Debtor|16,828|||||15.598|
|Assets|Retained|for Church|Use|
|Liabilities|-|
|Contingent|Liabilities|
|Approved|by the Trustees|at a|Meeting on 23" January 2026 and|signed|on|behalf by|
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Paulette Yusuf, Trustee
THE GRACE ORGANISATION RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31°" MARCH 2025
1 Accounting Policies
Basis of preparation of accounts
In accordance with the Charities Act 2011 (section 133 applying to charities with gross annual income of less than £250,000) the charity trustees have elected to prepare accounts on a Receipts and Payments basis, and also prepare a statement of assets and liabilities. The format adopted follows guidance issued by the Charity Commission. The accounts include the results of The Grace Organisation's operations which are described in the Trustee’s Report and all of which are continuing.
Income
Voluntary Income, legacies, and donations are accounted for as received by the charity.
Value Added Tax
Value added tax is not recoverable by The Grace Organisation and as such is included in the relevant costs in the Receipts and Payments Accounts.
2 =~ Analysis of Fund Movements for the Year
i) Unrestricted Funds may be used by the Church for any of its general purposes. The movements in these funds are shown in the Receipts and Payments Statements.
3 Assets for Church Purposes
The Church’s fixed assets comprise music and audio equipment, a baptismal pool and a podium. The Church is operating from leased premises.
4 Analysis of Receipts and Payment items
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Total
Unrestricted Funds
Funds 2025
es £s
Ministry expenses included
Music and audio services 20,893 20,893
Resources and equipment 1,715 1,715
Subscriptions 0
Donations to Mission organisations included 0
5 Staff and Transaction with Trustees
Average number of employees in the year 2025 fe)
Volunteers
There were no employees only volunteers 10.0
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THE GRACE ORGANISATION RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31" MARCH 2025
6 Related Party Transactions
Owing to the nature of the Church's activities and the composition of the Trustees being drawn from the congregation it is inevitable that transactions will take place with the Trustees themselves or with organisations in which Trustees have an interest. During the year, the Trustees made donations to the Church. Mrs Paulette Yusuf was reimbursed for business expenses which related to the smooth running of the Church. Trustees did not take part in making decisions where they had a conflict of interest.