Charity number: 1075324
GRACE TO GRACE INTERNATIONAL CENTRE
Report of the Trustees and Unaudited Financial Statements
For the year ended 28 February 2025
GRACE TO GRACE INTERNATIONAL CENTRE Contents Page For the year ended 28 February 2025
| Report of the Trustees | 1 |
|---|---|
| Independent Examiner's Report to the Trustees | 2 |
| Statement of Financial Activities | 3 |
| Statement of Financial Position | 4 |
| Notes to the Financial Statements | 5 to 10 |
| Detailed Statement of Financial Activities | 11 to 12 |
GRACE TO GRACE INTERNATIONAL CENTRE Report of the Trustees
For the year ended 28 February 2025
The Trustees have pleasure in presenting their report and the financial statements for the charity for the year ended 28 February 2025. The Trustees have adopted the provisions of Accounting and Reporting by Charities: Statement o Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102) (effective 1 January 2019).
FINANCIAL REVIEW
The total net incoming resources for the year is £39.16 surplus. The previous year was £32,894.95 deficit, which wa attributable to the general reserves.
REFERENCE AND ADMINISTRATIVE INFORMATION
Name of Charity GRACE TO GRACE INTERNATIONAL CENTRE Charity registration number 1075324 Principal address REDIFF HOUSE WANTZ ROAD DAGENHAM ESSEX RM10 8PS
Trustees
The trustees and officers serving during the year and since the year end were as follows:
Rev SIMON IHEANACHO Mr STEVE OLUWAFEMI AKINBORO Mrs AFOLAKE SADIKU Rev AYO DON-DAWODU Independent examiner CHRIS ATKINS SERVICES ONE LIMITED OFFICE 310, ACCESS SELF STORAGE UNIT 1, MERIDIAN TRADING ESTATE 20, BUGBY'S WAY LONDON SE7 7SF
Approved by the Board of Trustees and signed on its behalf by
............................................................................. 24 December 2025 Rev SIMON IHEANACHO
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GRACE TO GRACE INTERNATIONAL CENTRE Independent Examiners Report to the Trustees
For the year ended 28 February 2025
I report to the trustees on my examination of the accounts of the charity for the year ended 28 February 2025.
Responsibilities and basis of report
As the charity trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the charity's accounts 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) o the Act.
Independent examiners statement
Since the Charity's gross income exceeded £250,000, your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination by virtue of my membership of Institute of Financia Accountants, which is one of the listed bodies.
I have completed my examination. I confirm that no 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 2011 Act; or
-
the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination.
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.
CHRIS ATKINS SERVICES ONE LIMITED OFFICE 310, ACCESS SELF STORAGE UNIT 1, MERIDIAN TRADING ESTATE 20, BUGBY'S WAY LONDON SE7 7SF
24 December 2025
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GRACE TO GRACE INTERNATIONAL CENTRE Statement of Financial Activities
For the year ended 28 February 2025
| Notes Income and endowments from: Donations and legacies 2 Investments 3 Bank interest receivable Total Expenditure on: Charitable activities 4/5 Evangelism Total Net income/expenditure Reconciliation of funds Total funds brought forward Total funds carried forward |
Unrestricted funds £ 330,041 66 330,107 (330,068) (330,068) 39 107,863 107,902 |
2024 £ 339,727 192 |
|---|---|---|
| 339,919 | ||
| (372,814 | ||
| (372,814 | ||
| (32,895 140,758 |
||
| 107,863 |
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GRACE TO GRACE INTERNATIONAL CENTRE Statement of Financial Position As at 28 February 2025
| Notes | 2025 | 2024 | |
|---|---|---|---|
| £ | £ | ||
| Fixed assets | |||
| Tangible assets | 10 | 12,394 | 12,769 |
| 12,394 | 12,769 | ||
| Current assets | |||
| Debtors | 11 | 115,000 | 130,000 |
| Cash at bank and in hand | 8,534 | 3,824 | |
| 123,534 | 133,824 | ||
| Creditors: amounts falling due within one year | 12 | (15,001) | (15,589 |
| Net current assets | 108,533 | 118,235 | |
| Total assets less current liabilities | 120,927 | 131,004 | |
| Creditors: amounts falling due after more than one year | 13 | (13,025) | (23,141 |
| Net assets | 107,902 | 107,863 | |
| The funds of the charity | |||
| Unrestricted income funds | 14 | 107,902 | 107,863 |
| Total funds | 107,902 | 107,863 |
The financial statements were approved and authorised for issue by the Board and signed on its behalf by:
Rev SIMON IHEANACHO Trustee
24 December 2025
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GRACE TO GRACE INTERNATIONAL CENTRE Notes to the Financial Statements
For the year ended 28 February 2025
1. Accounting Policies
Basis of accounting
The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and in accordance with the Charities SORP (FRS 102) Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Charities Act 2011.
GRACE TO GRACE INTERNATIONAL CENTRE meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
Incoming resources
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy
Resources expended
Liabilities are recognised as resources expended when there is a legal or constructive obligation committing the Charity to the expenditure:
Taxation
The charity is exempt from tax on its charitable activities.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixture and Fittings 25% on reducing balance
Motor Vehicles 25% on reducing balance
Computer equipment 25% on reducing balance
2. Income from donations and legacies
| Unrestricted funds Donations received (RPYName1) |
2024 2025 £ £ 339,727 330,041 339,727 330,041 |
|---|---|
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GRACE TO GRACE INTERNATIONAL CENTRE Notes to the Financial Statements Continued
For the year ended 28 February 2025
3. Investment income
| Unrestricted funds Bank interest receivable osts of charitable activities by fund type Unrestricted funds Evangelism Support costs osts of charitable activities by activity type Support costs Activities undertaken directly £ £ Support costs Evangelism 25,029 305,039 nalysis of support costs Evangelism Finance Governance costs |
2025 £ 66 66 2025 £ 305,039 25,029 330,068 2025 £ 330,068 2025 £ 20,629 4,400 25,029 |
2024 £ 192 |
|---|---|---|
| 192 | ||
| 2024 £ 335,520 37,294 |
||
| 372,814 | ||
| 2024 £ 372,814 2024 £ 26,376 10,918 |
||
| 37,294 |
4. Costs of charitable activities by fund type
5. Costs of charitable activities by activity type
6. Analysis of support costs
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GRACE TO GRACE INTERNATIONAL CENTRE Notes to the Financial Statements Continued
For the year ended 28 February 2025
7. Net income/(expenditure) for the year
This is stated after charging/(crediting):
| This is stated after charging/(crediting): | ||
|---|---|---|
| 2025 | 2024 | |
| £ | £ | |
| Depreciation of owned fixed assets | 4,132 | 4,256 |
| Accountancy fees | 4,400 | 4,400 |
| Staff pension contributions | 161 | 353 |
8. Staff costs and emoluments
Total staff costs for the year ended 28 February 2025 were:
| Salaries and wages Pension costs Staff |
2025 £ 15,500 161 15,661 2025 0 0 |
2024 £ 18,000 353 |
|---|---|---|
| 18,353 | ||
| 2024 | ||
9. Comparative for the Statement of Financial Activities
The comparative year values on the Statement of Financial Activites are for unrestricted funds.
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GRACE TO GRACE INTERNATIONAL CENTRE Notes to the Financial Statements Continued
For the year ended 28 February 2025
10. Tangible fixed assets
| Fixtures and | Computer | ||
|---|---|---|---|
| Cost or valuation | fittings | equipment | Tota |
| £ | £ | £ | |
| At 01 March 2024 | 56,570 | 22,372 | 78,942 |
| Additions | 3,757 | - | 3,757 |
| At 28 February 2025 | 60,327 | 22,372 | 82,699 |
| Depreciation | |||
| At 01 March 2024 | 49,493 | 16,680 | 66,173 |
| Charge for year | 2,709 | 1,423 | 4,132 |
| At 28 February 2025 | 52,202 | 18,103 | 70,305 |
| Net book values | |||
| At 28 February 2025 | 8,125 | 4,269 | 12,394 |
| At 29 February 2024 | 7,077 | 5,692 | 12,769 |
| Debtors | |||
| 2025 | 2024 | ||
| £ | £ | ||
| Amounts due after more than one year: | |||
| Trade debtors | 115,000 | 130,000 | |
| 115,000 | 130,000 | ||
| Creditors: amounts falling due within one year | |||
| 2025 | 2024 | ||
| £ | £ | ||
| Other creditors | 6,801 | 8,789 | |
| Accruals and deferred income | 8,200 | 6,800 | |
| 15,001 | 15,589 | ||
| Creditors: amounts falling due after more than one year | |||
| 2025 | 2024 | ||
| £ | £ | ||
| Loans and overdrafts | 13,025 | 23,141 | |
| 13,025 | 23,141 |
11. Debtors
12. Creditors: amounts falling due within one year
13. Creditors: amounts falling due after more than one year
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GRACE TO GRACE INTERNATIONAL CENTRE Notes to the Financial Statements Continued
For the year ended 28 February 2025
14. Movement in funds
Unrestricted Funds
| Unrestricted Funds | ||||
|---|---|---|---|---|
| Balance at | Incoming | Outgoing | Balance a | |
| 01/03/2024 | resources | resources | 28/02/202 | |
| £ | £ | £ | £ | |
| General | ||||
| General | 107,863 | 330,107 | (330,068) | 107,902 |
| 107,863 | 330,107 | (330,068) | 107,902 | |
| Unrestricted Funds - Previous year | ||||
| Balance at | Incoming | Outgoing | Balance a | |
| 01/03/2023 | resources | resources | 28/02/2024 | |
| £ | £ | £ | £ | |
| General | ||||
| General | 140,758 | 339,919 | (372,814) | 107,863 |
| 140,758 | 339,919 | (372,814) | 107,863 |
Purpose of unrestricted Funds
General
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
15. Analysis of net assets between funds
| Unrestricted funds General General |
Tangible fixed assets Net current assets / (liabilities) Creditors > one year Net Asset £ £ £ £ 12,394 108,533 (13,025) 107,902 |
|---|---|
| 12,394 108,533 (13,025) 107,902 |
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GRACE TO GRACE INTERNATIONAL CENTRE Notes to the Financial Statements Continued
For the year ended 28 February 2025
Previous year
| Unrestricted funds General General |
Tangible fixed assets Net current assets / (liabilities) Creditors > one year Net Asset £ £ £ £ 12,769 118,235 (23,141) 107,863 |
|---|---|
| 12,769 118,235 (23,141) 107,863 |
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GRACE TO GRACE INTERNATIONAL CENTRE Detailed Statement of Financial Activities
For the year ended 28 February 2025
| INCOME AND ENDOWMENT Donations and legacies Donations Other income Gift aid Investments Bank interest receivable Total incoming resources EXPENDITURE Charitable activities Staff costs - wages & salaries Staff costs - pension contributions Depreciation - owned assets Light & Heat Insurance Telephone Postages & Stationery Sundries Rent & Rates Tv Evangelism Honorarium Donation to Charities Travelling & Motor Expenses Refreshments Welfare & Support Instrumentalist Evangelism Mission Volunteer Expenses Fire, Health & Safety Repair & Renewals Cleaning Bank Interest Pastoral Allowance Conference Finance Cost Building Maintenance Advert and Publicity Books & CDs Welfare and Support Water Rate |
£ 2025 244,210 23,001 62,830 330,041 66 66 330,107 (15,500) (161) (4,132) (17,229) (715) (4,114) (1,255) - (108,760) (4,550) (24,589) - (403) (5,126) - (26,480) (14,250) (8,352) (150) - - (5,711) (2,932) (45,500) (5,922) (517) (1,410) (4,302) (220) (440) (2,319) (305,039) |
£ 2024 252,531 - 87,196 |
|---|---|---|
| 339,727 192 |
||
| 192 | ||
| 339,919 (18,000) (353) (4,256) (19,294) - (8,233) (226) (373) (93,329) (10,130) (38,619) (250) (110) (2,145) (2,595) (18,443) (19,117) (14,492) (10,200) (50) (1,414) (4,425) (2,502) (62,200) - (764) (4,000) - - - - |
||
| (335,520) |
SUPPORT COSTS Finance
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This page does not form part of the statutory financial statements
GRACE TO GRACE INTERNATIONAL CENTRE Detailed Statement of Financial Activities Continued
For the year ended 28 February 2025
| Legal & Professional fees Governance costs Accountancy fees Advertising Total resources expended Net Income |
(20,629) (20,629) (4,400) - (4,400) (330,068) 39 |
(26,376) |
|---|---|---|
| (26,376) (4,400) (6,518) |
||
| (10,918) | ||
| (372,814) | ||
| (32,895) |
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This page does not form part of the statutory financial statements