Amazing Grace Christian Sanctuary (A ‘Not-for-profit’ unincorporated organisation) Charity Number 1080654 Report of the Trustees And Financial Statements For the Year Ended 31 December 2021 Amazing Grace Christian Sanctuary Index to the Financial Statements For the Year Ended 31 December 2021 ||Page| |---|---| |Organisation Information|3| |Report of the Members/Trustees|4-5| |Statement of Financial Activities|6| |Balance Sheet|7| |Notes to the Financial Statements|8-9| |Independent Examiners’ Report|10| |Detail Financial Statements|12| 2 ## Amazing Grace Christian Sanctuary Organisation Information For the Year Ended 31 December 2021 Trustees: ( Management Committee ) Evangelist Rachel Olumoroti Mr. Israel Obembe Mr. Adefolarin Olumoroti Deaconess Dupe Ogundiran Mr Adebola Olatunde Adeyemi Mr Alan Olatunbosun Registered office: Unit 2 Dominion Works Freshwater Road Dagenham Essex RM8 IRX Charity Number: 1080654 Accountant: Gabriel & Associates 293a High Road Leytonstone London E11 4HH Minister in Charge: Rev. Ezekiel Omotunde Olumoroti 3 AMAZING GRACE CHRISTIAN SANCTUARY (A not-for-profit charity organisation) ## **Report of the Management Committee** For the year ended 31 December 2021 The Management Committee of the Amazing Grace Christian Sanctuary present their report together with the financial statement for the year ended 31 December 2020. ## **Objectives of the organisation** 1.To advance the Christian religion by propagating the gospel of Jesus Christ and proclaiming the kingdom of God through the preaching of the word of God, through Jesus Christ our Lord. 2.To relieve poverty by providing care for the needy and by cooperating with other charitable and Christians organisations to offer help, both financially and otherwise, to victims of war, disaster and other misfortune locally, nationally and internationally. ## **Executive Committee Members** The Executive Committee who held office for the period of this report were as follows: Evangelist Rachel Olumoroti Mr Israel Obembe Mr Adefolarin Olumoroti Deaconess Dupe Ogundiran Mr. Adebola Olatunde Adeyemi Mr. Alan Olatunbosun The year ended 31 December 2021 began with our usual week long prayer and fasting period to thank God for seeing everybody through the previous year, 2020. As in previous year, members from other churches in and around the local community participated in the week long programme. 4 ## **Achievements during the year** Covid 19 significantly limit the work of the Church as a charity. Nonetheless, the church was able to setup food bank for relief of those in need within the local community. Also, with the help of volunteers, advice and counselling services were provided to users on issues concerning finance, family, employment, health etc. Within the limits of Covid 19 protocols, the Church was able to perform the yearly health check and wellbeing awareness service in November 2021. Although, participants were limited nonetheless the turnout was significant. In furtherance of its charitable activities, members of the Church visited many local residents during the peak of the covid 19 lockdown to offer help to the needy in the community through donation of gift items and offering free shopping trips to local stores. Within the limited resources, the Church was able to carry out essential renovation to the premises and replaced old furniture and fittings. For the purpose of future building work, a bank account designated Building Reserve Account was setup and all funds set aside for building maintenance and renovation will be deposited into this account. ## **Future Developments** As stated in the previous year, management will intensify efforts to continue to grow the Church in the UK and expand on its charitable work. The Church will continue to grow its membership through door to door evangelism and also harness the benefits of technology particularly social media, TV and radio broadcast. Series of educational and career advisory workshops will be organised for youths to better prepare them for future developments and challenges in this dynamic world that we live in today. Management will continue to reach out to other Christian faith organisations across the UK and the world through networking and invitation to seminars and conferences organised by the church. Also, the food bank will be expanded by seeking donated food items from retailers and other food vendors in the community. On behalf of the Board of Trustees Rev. Ezekiel Olumoroti Minister-in-Charge 5 Amazing Grace Christian Sanctuary Statement of Financial Activities For the year ended 31 Dec 2021 |Restricted
Unrestricted
Fund
Fund
Designated
General
Notes
£
£
**Incoming Resources 2**
Collection/Donation
64,231
**Resources expended**
Direct charitable expenditure
36,490
Support costs
5,985
Management & Admin cost
19,739
**Total resources expended**
**Surplus/(deficit) on ordinary**
**Activities before funds transfers**
Balance brought forward

Previous year adjustment
Funds balance at 31 Dec 2021
|31 Dec 2021 31 Dec 2020
Total Fund Total Fund
£
£
64,231
63,188
64,231
63,188
36,490
33,285
5,985 2,976
19,739 18,073
**62,214 54,334**
**2,017 8,854**
21,296 12,442
23,313**21,296**| |---|---| 6 ||Amazing Grace Christian Sanctuary|Amazing Grace Christian Sanctuary|Amazing Grace Christian Sanctuary|| |---|---|---|---|---| ||||Balance Sheet|| ||||As at 31 December 2021|| |||31 Dec 2021||31 Dec 2020| |FIXED ASSETS||Notes|£|£| |Tangible assets||4|3,477|2,392| |CURRENT ASSETS:||||| |Bank|||19,836|21,896| |CREDITORS:Amount falling||||| |Due within one year||5|-|(600)| |NET CURRENT ASSETS:|||19,836
|21,296| |TOTAL ASSETS LESS||||| |CURRENT LIABILITIES|||23,313|23,688| |REPRESENTED BY:||||| |Accumulated fund|||23,313|23,688| |**ON BEHALF OF THE BOARD**||||| |**…………………………….Signature ….………………/Trustee**||||| |**…………………………….Signature …….………………..Secretary**||||| 7 ## Amazing Grace Christian Sanctuary ## ACCOUNTING POLICIES Accounting convention The financial statements have been prepared: Under the historical cost convention In accordance with the Financial Reporting Standard for Smaller Entities Income/Receipts Incoming resources represents net fees, donations, grants and investment income receivable. Tangible Fixed Assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Van 20 % straight line Equipments 20% straight line - 1 RECEIPTS/INCOMING RESOURCES The incoming resources and deficits are attributable to the one principal activity of the Church. During the year, a total of £10,320.00 was refunded to the Church by the Inland Revenue, being Gift Aid Claims for the year. - 2 OPERATING SURPLUS/(DEFICIT) The operating surplus is stated after charging: £ Depreciation – owned assets 1,423 - 3 TAXATION No liability to UK Corporation tax arose on ordinary activities for the year ended 31 December 2021. 8 ## Amazing Grace Christian Sanctuary ## 4 TANGIBLE FIXED ASSETS |**Vehicle**
£
COST:
As at 01 Jan 2020
20,500
Disposal
Addition
20,500
DEPRECIATION:
Brought fwd
20,500
Disposal
Charged for the year
-
20,500
NET BOOK VALUE
At 31 December 2021
Nil
5
CREDITORS: AMOUNT FALLING
DUE WITHIN ONE YEAR
Accrued expenses – Accountancy fees|**Equipments**
12,702
2,508

15,210
10,310
1,423
11,733
3,477
0|**Total**
£
33,202
2,508
35,710
30,810
1,423
32,233
3,477| |---|---|---| 9 ## **Amazing Grace Christian Sanctuary** **Independent Examiner’s Report to The Trustees of Amazing Grace Christian Sanctuary on the accounts for the year ended 31 December 2021.** I report on the financial statements of the Church for the year ended 31 December 2021, which are set out on pages 6 to 9. ## **Respective responsibilities of trustees and examiner** As the Church’s trustees you are responsible for the General Directions given by the Charity Commissioners. An independent examination includes a review of the accounting records kept by the Church and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the financial statements. ## **Independent examiner’s statement** In connection with my examination, no matter has come to my attention 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 financial statements which accord with the accounting records and to comply with the accounting requirements of the Act, have not been met, or to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached. Gabriel Akintunde Gabriel & Associates 293a High Road Leytonstone London E11 4HH 10 Financial Statements For the Year Ended 31 December 2021 For Amazing Grace Christian Sanctuary 11 ## Amazing Grace Christian Sanctuary ||Detail Financial Statements||| |---|---|---|---| ||For the Year Ended 31 December 2021||| |||£|£| |Income/Receipts|||| |Collections/donation –|Church
|53,911|| |-|Gift Aid Claim
|10,320|| |-|Government grant||**64,231**| Expenditure |**Charitable Activities**
Instumentalist
Publicity
Holy Communion materials
Telephone
Insurance
Conference
Postage
Donation
Depreciation
Sundry
Small equipments

Rent & Rates
Mission to Nigeria
Light and Heath
Travelling and subsistence
**Support Cost**
Info and publication
Website/software
Stationery
Repairs and maintenance
Cleaning

**Management & Administration**
Accountancy
Minister’s stipend-Minister in charge
Pension
Bank Charges
-Visiting ministers
|

























|5,318
2,252
1,152
583
488
975
302
6,009
1,423
152
1,001
10,750
5,114
611
360
**36,490**
825
211
730
4,044
175
**5,985**
1,200
16,750
494
295
1,000
**19,739**
**62,214**| |---|---|---| ||
|| **Surplus/(Deficit)** **2,017** 12