Directors, Re ort Grace for the Next Generation Ltd Accounting Period 01/09/23 - 31/08/24 This was the fifteenth financial year for Grace for the next Generation Ltd, which is a limited company (no. 6293494 126th June 2007) and a charity (no. 1122162/Jan 2008). Throughout the year there was one part-time Grace Worker - Rachel Coupe who served one church. The Directors were Rachel Coupe, Rachel Boardman, Steve Boardman, Tim Wherly and Alec Bemment. Mr and Mrs Boardman were added as Direttors because they knew Jeff Engel. Increasing the number of Directors was also for good practice, so that the members of Egginton Church no longer have the majority vote. At the start of the year, Grace held two HSBC accounts. Internet banking is used. Due to high bank charges, the HSBC Community Account was replaced by a new Coop account. A Nat West savings account was opened in anticipation of receiving a legacy from Rev Jeff Engel, Rachel Coupe's Uncle. There is no petty cash held. The legacy received from Rev Jeff Engel was £87307.43 in March 24. Jrace Accounts: (I) HSBC Community Account closed 1111/24 (2) HSBC Business Reserve (3) Nat West 95 day Account OPENED March 24 (4) Coop Community Account opened 1111/24 (5) Coop Instant Access Account not yet Used Egginton, the remaining paying customer church is struggling to pay the annual fee. For the year ended 31" August 2024 the company was entitled to exemption under settion 249a(l) of the Companies Act 1985. No members have required the company to obtain an audit of its accounts for the year in question in accordance with section 249b(2). The directors acknowledge their responsibility for: i) Ensuring the company keeps accounting records which comply with section 221. and ii) Preparing accounts which give a true and fair view of the state of affairs of the company as at the end of its profits and loss for the financial year in accordance with section 226, and which otherwise comply with the requirements of the Companies Att relating to accounts so far as applicable to the company. Rachel Coupe December 2024
Graeè forthe Next Generatlon Ltd. Rec tsandP nts Account 2023f24 Company no 6293494- Charity no 1122162- Accounts for period V9123 to 3V8124 tran5fer5 loans funds incorne £6.733.65 S.8(8.&J Recei CU5torners Donations Salary Refund interest Loan transfers Total banked.. £119.953.83 É237.L £L597.9) E25.575.78 £2575.78 Totals £th Q37.IX) 0114LOS transfers loan re refunds ex enditurè 178.62 nditure Grace expenses Ernployrnent Costs Bank fees Forest s(hool £1.34&32 25 477.L £2.22L91 Loan repayment 25.575.78 £Z5.57&78 transfers £29,826.74 Totals 22L94 OUOZ Total pald OLrt.' £4.4.88 £11,498.22 £94.378.1 opening lance HSBCcom acct onIng balance HSBC 5 acct income unbanked theques 3V8124 Total expenditure unbanked theques 3V8123 Loark repayrnent dosing balancE HSBC Cornm acct closing balantr HSBC $ acct dosing balan Co-op CDA actt d05ing balan Nat West Total £UO,307. £2.029.02 q22L94 £38.59 £1&710.17 £87.307.43 0.307. abililie5 £oDo Unbanked Cheques £6325 Salary owed £238_67 Unpaid expen5e5 Value of stock Owed by customers Natwest acct £87,307.4a £18,710.17 £1017.£ Co-op acct Toia5 fllOL92 available cash funds £103,915.68 E9205A2 Loan from Rachel Coupe balance 311(BI2024 £103,915.68 balance 31lIW2023 £15.929.10 Profit Iy16 Isaiuraiion project) .O5>-.6/Ai loss 17118 £14,575.42 .112.071.yJ -£1.130 41 -£3.i92 41) Profil 19120 Profil 20121 Profit 2V22 Profit 2V23 617.33 £4,7C*.81 E3.143.31 £Y6.$1 net profit 2023 to 2024: total asset$ 3118124: £87,986.58 £94,710.26 $18ned= date..
INDEPENDENT EXAMINER'S REPORT This report is on the financial statements of Charitable Company Grace for the Next Generation Limited for the year ended 315t August 2024. Company number 6293494 and Charity number 1122162. Res onsibilitles The Charity is responsible for the preparation of the financial statements and considers that the audit requirement of Section 43(2) of the Charities Act 1993 {the Act) does not apply. It is the External Examinerfs responsibility to state, on the basis of procedures specified in the General directions given by the Charity Commissioners under section 43 (71 of the Act. whether particular matters have come to my attention. Basis of Ind endent Examinerfs Re My examination was carried out in accordance with the General directions of the Charity Commissioners as applied to the Receipts and Payments method of accounting. The examination included a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the financial statements and seeking explanations concerning 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. Inde endent Examinerfs Statement In connection with my examination of the Charity financial statements and records, nothing came to my attention which gave me cause to believe otherwise that the financial statements accord with the accounting records of the Charity and that those records satisfied the requirements of the Act. I am not aware of any matter to which attention should be drawn in order to enable a proper understanding of the financial statements to be reached. Signed...................-.-. Independent Examiner Date: 09/0512025 William Poole 82, Lindon Drive Alvaston Derby DE24 OLN