Registered Company Number 05471608 IEngland and Wales) Registered Charity Number 1131256 REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 FOR THE REALITY OF GRACE MINISTRIES INTERNATIONAL LIMITED THE REALrrY OF GRACE MIYISTRIES IKfERNATIOT*AL LIMrrED CONTETrrf OF THE FtNAYCI.4L STATEMEYrs FOR THE YE.4R EJDED 31 I1.4RCH 2025 Rcport of thc Trustccs Independent Examiner's Report Statement of Financial Actis'iiies Balance Sheet Cash Flow Sttiemeni Notes to the Cash Flow Statement io Notes to the Financial Staternent 11-14 tktailed Stat¢ment of FiDaDcial ACti￿tICS 15 THE REALrrY OF GRACE MIYISTIUES IKfERNATIOT*AL LIMrrED REPORT OF THE TRUSTEES FOR THE YE.4R ENDED 31 .11.4RCH 2025 The trustees who are also directors of the charity for the PUTPOSes of the Cotnpanies Act 2006. pre5enl their report with the financidl statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of ALcuunting Reportin¥ by Charities.. Stalernent of Recorntnended Practice appliLable to charities prepaTing their accounts in aLLorddnLe with the Financial Reportingy Standard applicable in the UK alld Republic of Ireland {FRS 1021 leffecti￿e l January 20191. OBJECTIVES AND ACTtVITIES The Charity's tsbjeets are: "Topreuch and declare to the worldthe malch1£55 Grace of God.. "Th£ relief ofpoverly worldwide." Our motto. To snoÉeh sinnersfrom ihegni?.s of.soÉan, esloblish ihem in ihe libety wherewiih Chrifi hos sei ihewifree . To help them to diJLover God'splan andpurpoJefor iheir lifg. iofulfil 1£ Topr£pore ihemfor ih£ some coming of ourLord Jesus Chris1" Thc8c Object￿ are charitable and operate for the public benefit_ It pursuc% thcse objccts by the operation of a ccntre for Christian worship at it% prcmiscs in London. In dctcm]ining how bcsi to pursuc ihcsc objccLs Ihc TnLStccs havc given regard to th¢ Charity Commission's guidancc on public bcn¢fJt_ Objectives aims Th¢ Charity'5 object is th¢ advanc¢m¢nt of th¢ ¢vang¢lical Christian faith worldwi(k. Our sirat¢gy in fulfilling this objwtiv¢ in particular but not ¢xclu5iv¢ly is to ¢i'ang¢lis¢ and sprud th¢ Gospcl and th¢ t¢achings of th¢ Christian Faith by.. -Holding regular Worship Services in predefined ihemes ioprovide a bedrocK- forgrow'ing iiieniher.s in ihe Faiih -Building a ctsmm£iFRitv ofspirit-filled Chri.fllall.f relaiionalli.. cnnneciedin church life clt1fler.fmallgroup.f nalionally -Ruptpting regular Chri.Ylian.fervice.f via Social media plllrform.Y_ -PYi)ducing di.vkrÈhuting of¢reative Chri.Yiian medio -Buildifrtg I)peytttÈ￿g & Chri.Yiiun Bible-bu.fed IYI)rship Cenlre in London. UK ii'iih ihe llbilEty lo senie oiher lo¢ailo￿S -Creoliptg a Developmeni Trockfor members ihoi shows tt ¢lellr irnnsiiionfromjoining illl ihe), aiv developed io fjiifll iheir God ¢irduiK¢dpurpose I￿.$0¢$￿ty -Pmvision of Various Coufrtselling Pastoral Help Sen'ices. Significant aCti￿tieS Voluntccrs arc involvcd in thc activities conducted by Thc Reality of Gracc Ministrics Int¢rnational including.. -operating S￿￿day. -llid-1￿.e￿k.$grniC£.% nighi v'igil.f. -Running vdrious life stdge minisiry events As th¢ Global Pand¢rnic has wound down, our outr¢ach has ¢xpandcd atMI ¢nabl¢d us to maintain th¢ following initiativ¢s= -Ruititifrtg servÈces on-site tttsd.,VidweekprogrnninRes boili defiiied lo¢ttiÉons onllne. -Leadipkg Small Groups home ¢ellgroups ai various loealion London_ In thc considcration of our activitics, Ihc Trustccs havc givcn rcgard to th¢ Charity Cominission's guidancc on public bcncfit. Strategies Thc Charity'5 Stratcgy for achicving this objcctivc for thc public bcncfjt was: To reposition itself to cffectivcly rcach those prcscntly outsidc of its dominant dcmogrdphic and fulfil thc i'ision of th¢ church_ C.onlinu¢d.-- Page THE REALrrY OF GRACE MIYISTIUES IKfERNATIOT*AL LIMrrED REPORT OF THE TRUSTEES FOR THE YE.4R ENDED 31 .11.4RCH 2025 Significant artivitie5 that contribuied to ihe achievement ofthe5e objeclives were." Events and activiti¢s organi8¢d during the y¢ar in line with the charitable objectivo to promot¢ th¢ Christian faith and h¢lp the le55 privilege and disadvantaged in our community includes.. Holding church services and meeting three tirnes a week, evangelism, visiting the Sick in homes and hospitals and counselling. Youth Progratnmc which attempts to cngagc thc youths and kecp them off the strcct and crime. The charity has over 20 volunteers who support and nuke an invaluable contribution to the operations of the charity- Some of the key departments include.. Intercessory Group; Children's Church; Ushering t)epartment= Youth Church- Men's Fellowship,. Women's Group,. Evangelism- Technical- Video and Media,. Choir,. Ho8pitslity. ACHIEVEMENTS AND PERFORM.4NCE Th¢ rcsults for th¢ y¢ar, and th¢ financial position as at th¢ y¢ar ¢n(t arc as s¢t out in th¢ anach¢d financial statcm¢nts. Th¢ Trust¢cs con5id¢r thc rcsults to bc satisfactory. Th¢ curr¢nt poli¢y of th¢ Trust¢cs is to n￿intain cash rcscrvcs of bctwccn £5,000 and £1 0,000. Thc rninimum shall not fall b¢10￿. £5,000_ As part of this policy, thc Inininiwn IcN¢l of cash reScrv￿, whilst forming part of the working capital. is rcgardcd by the Trustcc8 as being a￿ailable solcly to rncct unforc%e£n cxpcnditurc ari%ing outside the scopc ofnormal day-to4ay actiiitics_ The rcquircmeni was fuifillcd or cxcceded throughout thc financial ycar. FINANCIAL REVIE Principal funding sources Th¢ Charity's principal funding sourc¢ is from m¢mb¢rs and It￿ividual5 who att¢nd s¢rvi¢¢s and mak¢ contributions in th¢ fomi of freewill offerings, tithes and other donaiions. IDVCStment policy and objectives The trusiees are of the opinion that the perfomMnce ofthe chariiy from a financial standpoinl is in line wilh their expectations and plans loi the chariiy. Reserves policy As at 3 1st MaiLh 2025, the level of reseTves available for (he Chariry's use (i.e. unrestricied fvnds and not Tepresented by fixed asseisl was £335,984 These reser￿eS are held to ensure ihat we can meel our conllnitments 10 providing our services and activities and statTing obligaiions in the eveni of a reduLtion or absence of funds/N'olunieet donaiions . and to mtti some key events thai are Lapital in￿nSiVe. FUTURE PLANS The Charity will continue to explore ways of furthering its chatitable objeeiives in an effective manner by ensuring there is awareness of its smices and by seeking OPTK)rtunilies to be more involN"ed in ihe community. The Charity ￿ll11 continue to sttk ways io improve its services and activities io meei the needs of the local cornmuniry in a way thai will contribute to a positive change in ihe mordl and spiritual climate in its environs to reflect its Christian ethos and beliefs. STRUCTURE, GovERN￿NCE AND m￿NAGEmEy[ Govcrning document The ChutLh is a charitable company limiied by guarantee. 1nc0tpora￿d on 3rd June 21M)i and registered as a charity on 20th August 2009. It 1% governcd by it% Mcmorandurn and Articlc8 of Associaiion and is managcd by a Board of TnLsiee%. Decisions dre detemiined by a simple majorily vote by ihe Trusiees who sei the strategic direciion of the ChaTiIy. D¢l¢gated authority has b¢¢n giv¢n to th¢ Ex¢cuti3-¢ Pastor and Lud¢rship Team for the day-to-day running of the operations of the Charity. The Trustees have assessed the major risks to which the Charity is exposed. in particular ihose ielating io the specific opcraiional 'arcas of th¢ Charity and its financcs. Th¢ Trustccs bclicvc that by monitoring rcscrvc Icvcls, by cnsuring controls exist over key financial systems and by examining the operational and business risks faced by the Charity. they havc cstablishcd cffcctivc 'systcms to rnitigaic thosc risks. C.onlinu¢d.-- Page 2 THE REALrrY OF GRACE MIYISTIUES IKfERNATIOT*AL LIMrrED REPORT OF THE TRUSTEES FOR THE YE.4R ENDED 31 .11.4RCH 2025 The rernuneration of the charity'5 key Tttsnacelnent petsonnel 15 rniewed and set annually by the trustees. The tollowing g uiding principles are used in detertnining the appropriate level.. Transparency. Appropriateness and benchmarking agdinst extertvdl 'Lomparator5; Expertise and experience.. and Cotnpetitive recruitment and talent relention. Reerultmettt and appollltment of new trustees Trustees are Selected on the basis of the contribution that they will make to the gFovernance of the orgFanisation and the skills that they will contribute. They are provided w'ith copies of the"Charity Cottllni55iOT]'s Guidance to Trustees" and are also provided with training a5 and when required. Risk management The Trustee5 review the rnajor Tisks that the eharity is expos￿1 to at their tneetings and are satisfied that systerns are in place to IllLlndge the risks that have been identified. particular: IT15urance coN"er is in place and the fi[￿nCeS of the Charity are kept under ieview. Appropriate Discli)5ure & Batting Service Lheck IDBSI. supputied by regularly rei.le￿'ed policies are done for all those who work with children or othei wlnerable group5 Wlth the Chatity. Internal control risks are miniinised by the implementation of procedures for authorisation of significant tran5action5 and projects. Procedures are in place to ensure compliance with health and safety of tnembers of staff. i"olunteers. clients and Nrysitors to the Charity. Qualified and appropriately experienced employees are appointed aDd external CODsultaDts are engaged to ad￿se on sIg￿fICant issues. Continued... Page 3 THF. RF.AI.tTY OF GRACF. MtYlSTRIF.S tNTF.RliA TIOliAI. I.IMITF.D RF.PORT OF THF. TRUSTF.F.S FOR THF. YF..4R F.NDF.D 31 NI.4RCH 2025 REFERENCE AND ADMINISTIL4TITrI DETAILS The Realliy of Graee Vision-Sn411ch sinneis frorn the gnp of satat4 establish thetn in the liberty ￿'here ChTiSt ha5 set them free, help them discover their purtMTrSe for liTring and prepare Ihetll lor the 500ll return of Our Lord Jesu5 Christ. Trustees and Direetors Andrew Okungbowa Emmanuel Agholor Olaidc Rokosu-Euzcbio Compkiny's secretary Olaide Rokosu-Euzebio Presiding Pastor Pastor Oluwole Adekunle Registered Compart). number 05471608 (EngFland and Wales) Registered Charity number 1131256 Registered office 124 City Road London ECIV 2NX Bankers HSBC UK 85 Lewisham High Street London SE13 6BE Independent Examiners Tolulope Fasanya, AFA MIPA Institute ot Financial AccoLLntants Anchor Busincss Solutions Limitcd 25126 Rabans Close Aylegbury HP19 8RS C.ynlinu¢d.-- Page 4 THE REALrrY OF GRACE MIYISTIUES IKfERNATIOT*AL LIMrrED REPORT OF THE TRUSTEES FOR THE YE.4R ENDED 31 .11.4RCH 2025 STATEMETrU OF TRUSTEES, RESPONSIBILITIES The trustees Iwho are d150 the directors of The Reality of Grace Ministtie5 International for the putposes of ¢ompany13wl are respunsible tor pieparing the Report of the Trus(ee5 and the financial statetnent5 in accordance with applicable law and United Kinbdon] Accounting StaDdatds (United Kingdom Gellerally Accepted AccountiDg Practice). Cornpany law requires the t￿slee5 to prepare financial statements for each financial year which give a true and fair Niew of the state of affairs of the chatitable company and of the incoming re50urce5 and application of resources. including the incorne and expenditure, of the charitable company for that period. In preparing those financial statements, the I￿Stee5 ale required to.. select suitable accounting policies and then apply thetn consistently. - obsme the methods and principles in the Charity SORP- ntske jud¥ements and estimate5 that are reasonable and ptudent. - state ￿'hether the applicable accounting standards haTre been followed, subje£t to any tnaterial departure5 th"sclosed and explained in the financial statement5; and - prepare the financial statetnents on the going concetD basis unless it is inappropriate to presurne that the chatitable company will continue in business. The trustees are responsible for keepin& proper accountinLy records which disclose with reasonable accuracv at any time the financial p05ltion of the charitable COTnpanY and to enable thern to ensure thal the financial staternents cornply with the Cornpanies Act 2006. They are also responsible for safe¥uarding the a55ets of the charitable conipany and haice for taking reasonable steps for the prevention and detection of fraud and other it[eL￿lariti¢5. This report was appioTrEd by the board of trustees and signed on their behalf by-. Andrew Okungbowa 04 December 2025 Page 5 THE REALrrY OF GRACE MtNISTRIES tNTERNATIONAL LIMITED FtNANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 INDEPENDENT EXAMIII'ERS REPORT Independeni Examin&s Report to ihe trustees of The Reality of Grace Minislries International Limited l Teport on the accounts of The Rcality of Grdcc Ministrics International Limitcd for the year cnded 31 MaTch 2025 whiLh coinprisc the Staietnent of Financial Activities, the Surnrnary Incovnc and Expcnditurc Accoun¢ the Balance Shect, the Statement of Cash Flows and the related notes. Respective responsibilities of trustees and examiner The trustees (who are also directors of the charitable company for the purposes of company law} are Tesponsible for the prcparatiun of the acLount5. The truslces Lunsidcrihai an audit is not required for this ycar under the Charities Act 2011, s.144(2) (the 2011 Acl} and that an independent examination is needed. Having satisfied myself that the charity is not subjcci to audit undcT company law and is eligible for independent cxamination, il is rny responsibility to.. examine the accounts under s.145 of ihe 2011 Act- to follow procedures laid dowi in the general DiTections given by the Charity Commission under s.145(5){b) of the 2011 Act; and io state whether particular matters have come lo my attention. Basis of independent examiner's report My examination was carried out in accordance with the general direclions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items OT disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures do not provide all the e￿idenCe that would be required in an audit, and consequently no opinion is 2iven Ms to whether the accounts present a "true and fair" view and the report is limited to those n]atters sei out in the statcn]cnt bclow.. Independent examiner's statement In connection with my cxaminaiion. no mattcr has comc to my attention: ( l ) ￿,hICh gives me reasonable cause to believe that in any material respect the requirements.. to keep accounting records in accordance with the Companies Act 2006, s.386 and to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Charities Statement of Recommended Practice: Accounting and Reporting by Charities, have not been met: or (2) to which, in my opinion. atlention should be drawn in order to enable a proper underslanding of the accounts lo be reached. Toluiope Fasanya, AFA MIPA Institute of Financial Accountants Anchor Business Solutions Limited I ' Floor Unit 24 Aeorn House 351-397 Midsummer Boulevard MK9 3HP United Kingdom 31 December 2025 Page 6 THE REALrrY OF GRACE MIYISTIUES IKfERNATIOT*AL LIMrrED STATEIIIEryT OF FTh.4)CI.4L ACTtvrrTES FOR THE YE.4R ENDED 3111.4RCH 2025 31.03.25 Unre5trleted fund 31.03.24 Total fund Notes INCOl￿E AND ENDOIY.MENTS FROM Donations and le&Facies Investment income 240,960 3,115 259.049 2.505 244,075 261.554 EXPENDITURE of* Charitable aetivities Charitable