CHARITY COMMISSION FOR ENGLAND AND WALES Trustees, Annual Report for the period From 0110112023 Period stsrt date To 3111212023 Period end dats Charity name: Grace Chapel London Trust Charity registration number: 1059649 Objectives and Activities Summary of the purposes of the charity as set out in rts governing documenl, al To advance the Christian faith bl To relieve persons who are in conditions of need or hardship or who are aged and sick CJ To promote and fulfil such other charitable purposes beneficial to the community in London and in such other parts of the United Kingdom or the world as the Trustees may from time to time think fft. Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. al Holding weekly in person Christian meetings open to members of the public free of charge. bl Making provision for members of the public to attend online meetings via the Zoom software Application. cl Financially supporting other recognised organisations who promote the objects of the Trust. dl Seeking to help members in material and spiritual need. Statement confirming whether the trustees have had regard to the guidan issued by the Charity Commission on public benefit All the Trustees have regard to the Commissions guidance on public benefrt.
Achievements and Performance Summary of the main achievernents of the charity. identifying the difference the charity's work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. al The church was able to relocate to a new location, due to the knowledge that it's former premises would become unavailable in the near future. The Church was able to ensure that its members and members of the public were able to attend church meetings in person and online. Online access was via the use of the online software application- Zoom. bl The Church was able to invite guest speakers to promote the Christian faith. cl The Church managed to donate to charities with the same aims and goals as itself. Financial Review Review of the charity's financial position at the end of the period Statement explaining the policy for holding reserves stating why they are held The charity remains well funded to cover its ongoing expenditures and meet its purposes set out in its Trust Deed. The charity holds funds deposited in UK banks. These deposits are held to ensure: 11 A contingency fund so the charity can meet its fvture liabilities to keep operating in the foreseeable years and meet any unexpected liabilities. 21 To assist other charities with similar aims in accordance with the Trusts governing document. 31 The charity has saved funds to potentially acquire a property in the future so as to have a pemianent building in which the church members can meet regularly. The church's activities have over the years been disrupted several times by having to hange premises through no fault of their own. A pemianent location would help the church members meet and expand its activities withoLrt disruption and restriction. Amount of reseNes held The trust will look at a future reserves policy and currently had the sum of £395,000 on deposit at year ending 3111212023.
Structure, Governance and Management Description of charity's trusts: eof overnin How is the charity constituted? Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees document Trust Deed Trust Appointed by majority of Trustees Reference and Administrative details Charit name Other name the charit uses Registered charity number Charity's principal address Grace Cha Grace Cha 1059649 107 Station Road Finchley London N3 2SP el London Trust el Names of the charity trustees who manage the charity Name of person (or body) enlitled to appoint trustse (if an Trustee name Office (if any) Dates acted if not for whole year Mr Srilal Dissanayeke Mrs Stella Balogun Mr Rawle Lewis Pastor Mrs Cecilia Nimesha De Alwis Simon Mook-sang
Declarations The trustees declare that they have approved the trustees, report above. Signed on behalf of the charity's trustees Signature(s) Full name(s) Position (eg Secretary, Chair, etc) Simon Mark Mook-sang Trustee Date 301912024
CHARITY COMMISSION FOR ENGLAND AND WALES GRACE CHAPEL LONDON TrUST 1059649 Receipts and payments accounts CC16a For the perlod To 0110112023 3111212023 Section A Receipts and payments Unrestricted funds Restricted funds Endowment funds Total funds La$t ar to Ib• n••r•st £ to th• n•ar••t£ to tho rn•ro•t £ to th• n*artst £ A1 Recelpts Donatlons Glft Afds Tith85 Off8¥ln Bank Interest Other Re¢olpts- Compènsatlon HMRC R•Ipts 13.n7 44.674 13,737 44,674 1,729 4,518 15,145 15.845 304 437 4.518 8,735 Sub total(Gmss income for AR) A2 Asset and Invostmont 8ale8, (Soe tsble). 64.958 64958 40,466 Sub total 64.958 64,958 40,460 A3Pa Love Glfts Hlre of Ha118 and Stora Donatlon 0th8rAdmlnlstr&tlve Ex onts 13.600 13.600 6.580 16.100 1,399 12,100 6,450 16,200 1.754 16,100 Sub total 37.679 37,679 36,$04 A4 Asset and investment urchaB•s, sae table Sub total 37.679 37,679 36,504 Net of recelpts/(payments) A5 Transfer5 between funds A6 Cash funds last year end Cash funds this year end 27,279 27,279 3.962 368,372 395,651 368,372 395,651 364,410 368,372 CCXX R1 aLxx)unts ISS) 2210912024
Section B Statement of assets and liabilities at the end of the period Categories Dotails UnrestrFCted Restrlcted funds to nearest £ Endowment funds to nea$t£ B1 Cash funds Natsvest Bal-cln¢ Relianctr Bank n.651 143.809 Kirtq(k¥n Bank 178,191 rotal cash funds 395,651 awsll Unrestricted funds to nearest £ Restri¢ted nds Endowrnent funds to nearesl £ Detsils to r*ar8St£ Details Fund to whKh asset bElon Currert value lional Details Fund tOT•IKh 55et be Current value o tional B4 Assets retained for the charitys own use Detalls Fund to whl¢h TElatss knount due When dve onal B5 Liabilitles SvJned by one or tnjstees on behaW of all thè trustees Sjgnature Print Name Date of roval Srilal Dissanayeke 2310912024 Simon Mark Mook-sang 2310912024 CCXX R2 aowunts ISS) 22109r2024
CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trusteesl members of GRACE CHAPEL LONDON TRUST On accounts for the year ended 31 DECEMBER 2023 Charity no (If any) 1059649 Set out on pages CC16a- Pages 1 .2 I report to the Iruslees on my examination of the accounts of the above charity (Yhe Trust.) for the year ended 3111212023 Responsibilities and As the charity trustees of the Trust, you are responsible for the preparation basis of report of the accounts in accordance with the requirements of the Charities Act 2011 {'the Act"). I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145{5)(b) of the Act. I have completed my examination. I confirm that no material matters have come to my attention (other than that disclosed below ') in connection with the examination which gives me cause to believe thal in, any material respect: Independent examinerfs statsment 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. Plea e delete the words in the brackets rf they do not apply. Signed: Date: 2110912024 Name: S Ratnasabapathy Relevant professional quallflGation(s) or body (if any): FMAAT Address: SMRD Accountancy Services Ltd 20 Lord Chancellor Walk Kingston upon Thames, Surrey Iff2 7HG IER October 2018
Section B Disclosure Only complete if the examiner needs to highlight matters of concern (see CC32. Independent examination of charity accounts: dItionS and guidance for examiners). The amount of £13,600 indicated as Love Gifts under A3 Payments Section includes a single payment of £12,000 paid on 1911212023 to Mr Srilal Dissanayeke, Pastor and one of the Trustees. Give here brief detsils of any items that the examiner wishes to disclose. This payment was made as Christmas Gift with the full consent of all Trustees for appreciation of his dedicated Ser41 to the Trust throughout the year. Tha amount of Donations £16.100 paid during the year included: 2110712023 - Donation to Ministry- Dawn Miller- £1,000 0810812023- Bible Society - £5,000 2310812023 - Christian Against Poverty - £10.000 IER October 2018