GRACE ASSEMBLY CHARITY NUMBER:1139873 ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2023
GRACE ASSEMBLY CHARITY NUMBER:1139873 Contents Page Legal and administrative information Rcport of thc Tru8tCC8 Report OF thc inclcpcnclcnt cxamincr St2terntnt nf financial actlvities Balance sheet Not¢% forming part of rh¢ financial statement5 9&10
GRACE ASSEMBLY CHARITY NUMBER . 1139873 Legal & Administrative Infotmation IORIiING NAhlE.. GA FINANCIAL YEAR 1st September 2022 - 315t August 2023 DIRECTORS/TrL4INAGELiIEfNT COfvlhlIThEE AT 3111181202_3 Dr (Rti'l Toni ()bavriri Rev Jcrom¢ ()bod¢ Irs fvl()dupe Obav()ri ..C.hAir Trust¢¢ Trustee Address: 41 Epsom Road l-rn)'dnn C.RO 4NB Independent Examiner Charterbrook Accountiints Eas}1 Iub (.ro!'dnn 22 Addiscc)mbL Rc)2d Suite 3.12 CRO SPE Bat]kers Barcli}'Bank Santander Bank
GRACE ASSEMBLY Report of the Trustees for the year ended 31 st August 2023 Thr Triistees piesent thetr report I1th the financiAI stat¢ments oltht chatity for rhe sear Lndtil g tLTr 10.Artd iumpl! wlth thL thxrity's ttiist dLLd and 1pphtrAblL Ith. OBJECTS l. Thc adi-anccmcnt of thc Chri5ti2n rcligon cducation 2. IK'clFarc Support tn bcrc2icd fgmiknc5 .1. The nf edu¢2tsnii & suppnrt Fnrynung nple whnse parent Ffey Frnm melllAI illne85. 4. Tr.TraMpFlisni Oiadin Nlin15tr!'I 5. EbIis%1on fvlcal ()utrcA¢h Frir ihe hr]rncIo%4. rkshop.4 and kminxr% fi)r c.hurch lLadcrs. Legal Status, Governance & Management Board tneeting8 are bi-tnonthly and ensure the puryose of the otganlsatjon is itJ)plenieJ)ted throiigh effective planrring resultingln the annual Th'ork plan associated resources tn dtliver core projects And 8upport to our vnluteers who are the back bone of our Funding Dclii'L'r!' ofourwork pro%ramme Ancl rcIAtcJ CfJ.4t% Arc archici'cd throuxh x mixture olotTennLT And tithc%, A% Pell %% donktion* Irrim mcmbcrs Public Benefit Risk Management Thc Bn<lrd cnslircs thcrc 1$ 9 r15k mgn47cmcnt pTrlic}' which rctlcct5 thc Df risk tD wlllch thc nrpni5Ation bc cxpDscd and a5WClatcd mitigattng systcms arc placc.
GRACE ASSEMBLY CHARITY NUMBER:1139873 Report of the Independent Examinet 'e havL miAtd tht fJnAncial stsrLmtnts on pAges ? tu 8 wF(h hRvt been prtpaitd undei the RicouttttAg pvlicics s¢t uut un pabFC 9. Respective responsibilities of trustees and examiner the chariti? 8 trii£tee£ !rnu are re8pnn%ible fnr the prepar2tian of Ihe 2ccount£', 3TnU CfJn8ider that the audit requiretncnt Lbf section uf the Chqrjties Act 2006 dues ilLbt appli.. It Js our responsibjbti. tLb State, un the blS OE PrldurLF %PLcJfiLd Jn thL GeiiL'ral DirLCtiUn yiTL'n by thL' Chariry- CommifjsionLr Acr, whcthcr parttciilar mattcrs hai'c c()mc tc) m1- attcntii)A. B#818 of opinion ()ur e¥*mination WAS carried out in accordince with the GenerAI Directions b}.. the Ch2ritJ' Commissioners. An ex¥imiTlltion inclucles 2 rei'iew of the CCOUtiting rtcnrcls kept b} the chitir! xnol & cnmparison of tli¢ iccnunrs pre%ented '1th thi)%L rec()rd%. It 218() Iiicludes c()nsideMti()t] (Jf unu%u21 items ()r di8cl()%iire8 in ihL Icci)Uilt8, and ficckliiL L'xplanatic)n4 Er()m !'()u tru8tces ci)ncerningt an5. niattcrq. ThL' pr(ICL'durL'.4 undertikL'n dc) nnt pr()i'ide all thc cvidcncc thai wi)uld bc rcquired In an Audit, and ci)nse4ucnds? wc dc) ni)t cxprc.55 audit npinJc)n on the iTlell' g]ven b}. the accaunts. Opinion In cc)nnLcti()n th ¢)ur rA#minJti()n, n() mJtrci ha% c()mL t¢) i)ur aitLniic)n'. 111 M,hich xii'es us reasnnable cause tr) believe that in an!? material respect the requir¢n)ents I tn keep accnuntin£ recnrd8 in accordat]ce 'ith 4ectinn 41 af the .Ct; and bl to prepare accounts ,1ch accord .jth the accnuntin£ records and to coinpl}' with the accountin requircmcnts ol the Act ha5 ric)t bccn tnct. i)r 121 ti) h1¢h, In ()ur i)pin1()n. xttentt()n sh¢)uld be drxwn in ()rder to enable a pr¢)per understxndingT (If rhe Accounrs to be reachecl. Charterbrook Accountants Easi'Hub Croido 22 Addiscotnbe Road SuitL 3.12 Date.. 16-Sep-24 CRI Spr,
GRACE ASSEMBLY CHARITY NUMBER:1139873 STATEMENT OF FINANCIAL AcfIviTIES FOR THE AR ENDED 31ST AUGUST, 2023 Nntes Restricted Fund6 UntesttACted Funds TOTAL 2023 TOTAL 2022 Inconrt¥ regvuices.. Grant Othcr Inc()mL Tithe.% & ()ffetinL' CTltt Ai Donations 1?,282.(K) 15,282.nn 11,179.00 16,189.00 31,471.nn 16,189.00 11,846.00 23,025.00 l*ss'. Resources Expended EvangelisnTr & Hntinrarium RLtiY -S&larie8 IA8ur2ncc Xlelfare Siipport & Lllissinn,Meal Printtng & Publici¥. & SofTh'are lotor Runn% Eipenbe5 3,350.(M) 9,276.(Kl 3,350 00 9,276.(1(I 5,354.00 7,079.00 859.(H) i,058.(N) 4,421.(N) 196.(N) 2,971.00 859.no ,058.00 4,421.00 196.00 2 ()71.00 1,231.00 2,300.00 322.00 406.00 750.00 545.00 475.00 837.00 1,026.00 344.00 946.00 '(JlurttLci ExpLn%LS TLILph()nL & Intcinet Inolepen(Itnt P.x&niiners fet C.()nfeYenceslSeii)in&rs Eguipineni & fvfaterids Pn8to£e & £t2tifJnen' Subscription, Trrn£ & educational Support DLVILClatii)n 575.00 1,418.00 1,(16'. 998.1)0 2,220.Th) 5", 5.00 1,418.00 1.66 1.no 998.00 2,220.00 Ilt) & 3 TOTIYL EXPENSES 34,-37.S.(K) 34,-37.f.nO 21,615.00 Nct Incnmin£/lOutLu)iA£l Balanccs b/f 1,410.00 5,525.00 6,93().IM) 6,93().00 Balances c If 4,032.00 4,032.00 6,936.00
GRACE ASSEMBLY CHARITY NUMBER:1139873 BALANCE SHEET AS AT 31ST AUGUST, 2023 Notes 2023 2022 Fixed assets TAngiblc IIO& i 2.00 Current ass¢ts FJel)tors &. Prepas?ment C.28h at Bank and in hand (?,l_SI.IK) 6,151.( 82.37.0 8237.00 Crethtors.. amount lalliiig due rhin niic i-car Net eittrent asset5 / Cuttent liabiitie8 4,0.30.tNJ 6,934.00 Total assets less current liabilites Represenied By: RL%riicto.d Fundb UnrLstncrcd F'unds Desi%n*teLI Funils Total ChArin. Funds TB 4,032.1 6.¢)36.00 4,032.00 6,9.36.00 W'e ctrtAf!' that the annexed Accounts An ¥iccaordAnie '1th the records. AnformdtAOA dnd txplAni< tions guppkntd b}, and hove our oppr()V01. SiLmed b}. Order ()E the Board Rev A ObayotA Date.. 16-Sep-24
GRACE ASSEMBLY CHARITY NUMBER:1139873 Notes forming part of the financial statements for the year ended 31st August, 2023 l. kn¢(buntit)gpolicies la) ArwuntI conveThti(bn 'I'hL finAnilAI &tRtLTnLntb Rri prLVJTcd iitdLr thc illstiiriiRI i¢)st Ll)nvLnU()n Rnd in Jcciird.thLL 11-Ith thL RcpirtsnLi h! (-'harittc%' (bl Futtd Accounung gLnLral i)bjLcttiLS I)f IhL ('.haiiti- and hic11 hai'l nr)t bccn dcslk>lllltLd fi)r i)thcr puTrnti. I c ) Incoming resoutce$ All Incuming rcsouict5 incluatd in Iht financial %tattiiitnt% .ht Ihc Charitt- is It111. ti) thc IIiCfJmC and thc Inc(Jme (An bc 414lntificd wiib r¢A8iJnAbl¢ Accuf,.ICN'. Plcdgcx are (bnl!- rcc()Lyni%¢d h¢ll thc amullnt Is ccrtaln. Id) Resoiirces expended '.¥ndInIrL IS accfJuniLd Fny ritTr 2ccruAI And clg8%ifiLd under rhL hL'gding apprrJpriatL In rh¢ nf the experJ(lltuie. Ir) Tangible fLxed assets and depreciation '.quipmLiIts [rtIl, Flxtljs & Fitttn 25;; I CuttentAssets 2023 2Q22 Ikl)fi)rs And PrepA!'m¢nis CR%h at Bank- Rnd itt hand 6,151.00 8.237.1)0
GRACE ASSEMBLY CHARITY NUMBER:1139873 Notes forming part of the financial statements (cont'd) for the year ended 31st August, 2023 3. Tanble fixed assets Furniture & Fittings Mntnr Vehide Total Equipnients Cost t 01 Sept ?022 Additions DJsp05als 8,090. 8,090.CKJ ..It.3lst Jluyst 2023 ,09(b.(N) ,090.IK) DeptecAatiOn At 01 Sept 2022 LhArgL fr)r rhL }?Lar ()n disp)sals Jlt_31%t JluLTrust 2023 8,088.tK) 8,088.INJ 8,ORR.tK) 8,088. Tr4ct book value .4t.31st AU%*t 2023 At.318t AUt, 2(122 2.IKI None r)f these asscts 'erC acqwred undL'r the ternis of hirL' piuchasc. 4. CREDITORS: Amount f.a llixjg due 74rythin one ye 2023 Co81 of Charitable Activities Independ¢nt Lx#miners fee Otli¢r Crtaitors 5". 5.00 1,546.00 475.CK) 2¥.CK) 1,30.1.IHJ 5. NET ASSETh/IDEI.'ICIT) LIETh¥.'EEN I.'UNI DS 21123 2.1122 Restrictea Funds Unrestricte(l Funds De8iRnated Fiind Surplu5/lDLficitl C<iiricd fotviard 4,032.(N) 6,9.36.(K) 4,lJ.32.W There wee lin ant4 receiiTed duriiig the s'ear 10
NOTF.S I TO 6 FORhl AIN INTF.GIL4L PART OF THF.SF. FINANTLIAL ST.4TF.NfF.f%TS 10