CHARITY REGISTRATION NUMBER: 1052708
GRACE MINISTRIES INTERNATIONAL
Trustees' Annual Report and Accounts Year Ending 31[st] March 2023
GRACE MINISTRIES INTERNATIONAL
Trustee annual report and accounts
Year ended 31[st ] March 2023
CONTENTS
Trustees' annual report
Independent Examiner`s Report Receipts and payments accounts
GRACE MINISTRIES INTERNATIONAL
Trustee annual report and accounts
Year ended 31[st ] March 2023
The trustees present their report and the unaudited financial statements of the charity for the Year ended 31[st] March 2023.
Reference and administrative details
Registered charity name Grace Ministries International Charity registration number 1052708 Principal office Ester Adeyemi Duncan Laing Abayomi Omolabi Principal office Precious Stones Christian Centre nnnnnnnnnnnnnnnnnnnnnnnnnnn19 20 Gateway Business Centre 210 Church Road London E10 7JH
Structure, governance and management
Grace Ministries International is registered with the Charity Commissioners (No. 1052708) and is a Charitable Trust.
Grace Ministries International is run by a board of three trustees with a variety of professional backgrounds relevant to the activities of the charity. Where there is a need for new Trustees, these would be identified and appointed by the current Trustees. The chair of Trustees is responsible for the induction of any new Trustee. This involves awareness training of a Trustee's duties and responsibilities, the governing document, administrative procedures, as well as the history and ethos of the charity. A new Trustee will also receive a copy of the previous year's annual report and a copy of the Charity Commission leaflet 'The Essential Trustee: What You Need To Kn
Objectives and activities
The aims of the charity as set out in the charity's constitution is summarised as follows:
For the public benefit to:
ADVANCE THE CHRISTIAN FAITH THE RELIEF OF PERSONS IN CONDITIONS OF NEED, HARDSHIP OR DISTRESS, OR WHO ARE ELDERLY OR SICK THE ADVANCEMENT OF EDUCATION ON THE BASIS OF CHRISTIAN PRINCIPLES
Our objectives
The principal objectives of the charity is (a), to provide a place where Christians and non Christians can worship and learn about the faith; (b) provide activities and facilities in the interest of social and community welfare. Each year the trustees review the objectives and activities to ensure they continue to reflect our aims. During this review the trustees consider the Charity's Commission's guidance on public benefit.
Achievements and performance
Due to an ongoing legal case, which was eventually resolved late in the financial year under review, no core charitable activities took place during the year.
Financial review
Grace Ministries International ended the year with a surplus on general funds of £25,120 (2022 £120 surplus). To see the details of this result please refer to Receipts and Payments accounts for Year Ended 31[st] March 2023 attached.
Plans for future periods
The trustees are currently considering whether it is still possible to carry out the charity's operations in the future due to the prolonged period of inactivity caused by the aforementioned court issue.
The trustees' annual report was approved on the 6[th] December 2023 and signed on behalf of the board of trustees by:
Esther Adeyemi
Trustee
Independent Examiner's Report to the Trustees of Grace Ministries International
Year ended 31 March 2023
I report to the trustees on my examination of the financial statements of Grace Ministries International ('the charity') for the year ended 31 March 2023.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity's financial statements 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 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 respect of the charity as required by section 130 of the Act; or
-
the financial statements do not accord with those records
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Mr U Ajaelu Independent Examiner Leanbase Limited 89 Denmark Hill London
SE5 8AA
5[th] October 2024
| GRACE MINISTRIES INTERNATIONAL | 1052708 | ||
|---|---|---|---|
| Receipts and payments accounts | CC16a | ||
| Period start date To For the period from 01/04/2022 |
Period end date 31/03/2023 |
| Section A Receipts and payments | Section A Receipts and payments | |||||
|---|---|---|---|---|---|---|
| A1 Receipts | Unrestricted funds to the nearest £ 120 25,000 - - - - - - 25,120 - - - 25,120 - - - - - - - - - - - - - 25,120 - 26 25,146 |
Restricted funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - |
Endowment funds to the nearest £ |
Total funds to the nearest £ 120 25,000 - - - - - - 25,120 - - - 25,120 - - - - - - - - - - - - - - 25,120 |
Last Period to the nearest |
|
| Donations | 120 | - - - - - - - - - |
120 | 120 | ||
| Legal settlement | 25,000 | 25,000 | - | |||
| - | - | - | ||||
| - | - | - | ||||
| - | - | - | ||||
| - | - | - | ||||
| - | - | - | ||||
| - | - | - | ||||
| Sub total(Gross income for AR) |
25,120 |
25,120 | 120 | |||
| A2 Asset and investment sales, (see table). |
||||||
| - | - - - |
- | ||||
| - | - | |||||
| Sub total | - |
- | - | |||
| Total receipts A3 Payments |
||||||
| - | 25,120 | 120 | ||||
Printingandpostage |
- - - - - - - - - - |
- | 56 | |||
| - | - | - | ||||
| - | - | - | ||||
| - | - | - | ||||
| - | - | - | ||||
| - | - | - | ||||
| - | - | - | ||||
| - | - | - | ||||
| - | - | - | ||||
| **Sub total ** | - | - | 56 | |||
| A4 Asset and investment purchases (see table) |
||||||
| , | - | - - - |
- | |||
| - | - | |||||
| **Sub total ** | - | - | - | |||
| Total payments Net of receipts/(payments) A5 Transfers between funds A6 Cash funds last year end Cash funds this year end |
||||||
| - | - | 56 | ||||
| 25,120 | - | - | 25,120 |
64 | ||
| - | - | - - |
- | - | ||
| 26 | - | 26 | - 38 | |||
| 25,146 | - | - | 25,146 |
26 |
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| Section B Statement of assets and liabilities at the end of the period | Section B Statement of assets and liabilities at the end of the period | Section B Statement of assets and liabilities at the end of the period | |
|---|---|---|---|
| Categories Signed by one or two trustees on behalf of all the trustees B5 Liabilities B3 Investment assets B2 Other monetary assets B4 Assets retained for the charity’s own use B1 Cash funds |
Details Details Total cash funds (agree balances with receipts and payments account(s)) Bank 1 Details Details Details Loan and pre start up costs Signature Form Submitted Electronically |
Unrestricted funds Restricted funds to nearest £ to nearest £ 25,146 - - - - 25,146 - OK OK Unrestricted funds Restricted funds to nearest £ to nearest £ - - - - - - - - - - - - Fund to which asset belongs Cost (optional) - - - - - Fund to which asset belongs Cost (optional) - - - - - - - - - Fund to which liability relates Amount due (optional) - - - - - Print Name Esther Adeyemi |
Endowment funds to nearest £ |
| - | |||
| - | |||
| - | |||
| - | |||
| OK | |||
| Endowment funds to nearest £ |
|||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| Current value (optional) |
|||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| Current value (optional) |
|||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| When due (optional) |
|||
| Date of approval |
|||
| Form Submitted Electronically | Esther Adeyemi | 06/12/2023 | |
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