Trustees. Annual Report for the period Period start date Period end date Year Year 2024 From 01 09 2023 To 31 08 Section A Reference and administration details Charity name Grace Assembly Other names charity is known by Registered charity number (if any) 1139873 Charity's principal address 91 Valley Road Kenley Postcode CR8 5BY Names of the charity trustees who manage the charity Dates acted if not for whole ear Trustee name Office {if any) Name of person (or body) entitled oint trustee ifan Tony Obayori Jerome Obode Modupe Obayori 10 12 13 14 15 16 17 18 19 20 Names of the trustees for the charity, if any, (for example, any custodian trustees) Name Dates acted if not for whole ear TAR March 2012
Names and addresses of advisers (Optional inforniation) e of adviser Name Address Name of chief executive or names of senior staff members (Optional information) Section B Structure, overnance and mana ement Description of the charity's trusts Memorandum and Articles of Association Type of governing document How the charity is constituted Trust Trustee selection methods (eg. appointed by, elected by) Trustees must be appointed by a resolution passed by a simple majority at a meeting of the Spiritual Leadership. Additional governance issues (Optional infornlation) You may choose to include additional information, where relevant, about: policies and procedures adopted for the induction and training of trustees., the charity's organisational structure and any wider network with which the charity works., relationship with any related parties. trustees, consideration of major risks and the system and procedures to manage them. Section C Ob"ectives and activities 1 . To advance the Christian faith [in accordance with the Statement of Beliefs] in such ways and in such parts of the United Kingdom or the world as the Trustees from time to time may think fit; 2. To relieve sickness and financial hardship and to promote and preserve good health by the provision of funds, oods or services of an kind, includin Summary of the objects of the charity set out in its governing document TAR March 2012
through the provision of counselling and support in such parts of the United Kingdom or the world as the Trustees from time to time may think fit; and 3. To advance education in such ways and in such parts of the United Kingdom or the world as the Trustees from time to time may think fit. Proclamation of the gospel and teaching of the gospel to any interested member of the public 2. Conducting Baptism to admit those that embrace and commit their live to Christ 3. Provision and sharing of printed and electronic materials to help the public understand the Christian faith 4. Promotion of Christian Faith online and through social media 5. Regular meetings and programmes that are open to members of the public 6. Hosting of international conferences on missions 7. Telephone support for lonely and vulnerable members of the public 8. Support for those that are in financial hardships. 9. Football programme design to engage and empower young people in the community. 10. Prisoner support programme design to support those in the prison, prevent ex-prisoners from reoffending and enable them reintegrate and thrive in the society 11 . Premarital course to help prepare those entering marriage covenant for a stable and enjoyable marital life 12. Marriage course to help couples recover and strengthen their relationships. This includes opportunity to receive counselling 13. Parenting course to help parents develop and or improve their parenting skills and relationships in the family 14. Career development course 15. Financial and life development and discipleship training Summary of the main activities undertaken for the public benefit in relation to these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit) Additional details of objectives and activities (Optional information) TAR March 2012
You may choose to include further statements, where relevant, about: policy on grantmaking. policy programme related investment. contribution made by volunteers. Section D Achievements and performance TAR March 2012
Section D Achievements and performance 1. Conducted, participated and supported gospel proclamation and teaching that led to hundreds of people embracing and committing to Jesus Christ and the Christian Faith. 2. Conducted Baptism to admit some of those that embrace and committed their live to Christ. 3. Shared thousands of printed and electronic materials to members of the public 4. Promotion of Christian Faith online and through social media gained attention of over 20,000 5. Hosted international conferences on missions that led to missions to areas where Christ had not been preached 6. Supported vulnerable and lonely members of the public that were referred 7. Conducted Bible Klubs for children from different backgrounds and faith 8. Engaged and helped several young people to develop their football skills and also be empowered and improve in character and life skills 9. Support many prisoners, and one ex-prisoner to reintegrate and thrive in the society 10. Conducted Premarital course that prepared three couples that were entering the marriage covenant. Provided marriage course and counselling to support couples that were struggling in their relationships and to recover and strengthen their relationships. 12. Provide food and machines for preparing food for prisoners in a Nigerian prison. Summary of the main achievements of the charity during the year TAR March 2012
Section E Financial review The charity does not employ anyone yet, so does no have a reserve policy. Brief statement of the charity's policy on reserves Details of any funds materially in deficit None. Further financial review details (Optional information) The principle sources of fvnds is the contribution of those that regularly attend the church servIs. You may choose to include additional information, where relevant about.. the charity's principal sources of funds (including any fundraising)., how expenditure has supported the key objectives of the charity. investment policy and objectives including any ethical investment policy adopted. Section F Other optional information Section G Declaration The trustees declare that they have approved the trustees, report above. Signed on behalf of the charity's trustees Signature(s) Full name(s) Position (eg Secretary, Chair, etc) Anthony Obayori Chair Date 26-06-2025 TAR March 2012
Comp3ny Registration No. 06668635 (England and Wales) Chaory Registtation No. 1139873 GRACE ASSEMBLY ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST, 2024
GRACE ASSEMBLY Contents P2ge Legal 2nd 2dministr2tiiTe information Report of the Trustees Report of the independent eiaminer Statcmcnt of financial activitics Balance sheet Notes forming part OE the tinancial statements 9&10
CHARITY NUMBER . 1139873 Legal & Administrative Infomiation I()RKING NMIE: GIiACE ASSE,IIBLI' FIN,INCIAL YEAR .. l st Scptcmbcr, 2023 - 31 st Augus¢ 2024 DIRECTi)RS/.IL4N'AGENIENT COIlIThI1EE AT 31 /03/2022 Dr(Rei') Anthoni. Oba!"ori Rei. Jcromc Obodc L Irs lodupe Ob2!'0ri Chair Trustee/Secret2ri-' Address: 91]Tallei' Road Croi'don Surre}, CR8 5BI' Independent Examiner CharterbrooL Accounttinrs Eas}"Hub Cro)-don Suitc 3.12 22 Addiscombe Road croi.don CRO SPE Bankers Santander Santander Business Bank-ing Oper2tions. Sunderland SR43 4NX,:
GRACE ASSEMBLY Report ofthe Trustees for the yearended 31stAugusL 2024 The TLUStees present theic rwrt aiollg with the bnan(ia] statement5 of the ch2ritE' for the rear ended 31 Auyst. 21122. The fmart0 st2tements hai"e been pretrated &ccorilanc¢ u'ith the 2ccounw p)b(ies set out on pahrs 9 tv 10 and cumpl!" Vvith rhc ch3tiri s twst dccd and appjicabic lTh-. OBJEcrs l. The advancement ol the chlistk fd)0 and edueatitTrA 2. Ulclfatc Supputr ro bcr&a.cd familics .3. The pn)i'isinn nf educaiNin & f()r ple .se sutter ftom ment31 Wntss. E1'an£eSM (Radio Nlll)istLvI 5. bIi55kJn 1 OutrcAch fur thc homtss. 6. W'c)&shops 2tid Seminars fnr Thurch Leadets. Legal Siatus, Governance & Management Boatd meeting5 atE bi-monthly and ensu the putpose of the otgani5aiion i5 itsq)lemented thrnugh effective planning te6ulting i the annual wo& plan, ass(Kiated reSoUeS to delii'er cote and pleC and suppott to our vollltee. h0 are the back bone of our scn'i¢¢ deiivL4'. Funding DLbl"L. vf uur Tvudi ptuwfflc and ff]Ated cu5ts atz abin"¢d a [n]Xtu oEuffellng ld tith. a5 well 95 dvnation5 mctnbcTr" Public Benefit The Bnard hai'e due regard to the guidance on public benefit ]n p]annll¥ resourclljg and deb4"eDt]g its activities. Risk Management 'IknL Bnanl L'nsurL'S IherL' 15 2 nsk nIn4ment po]io' 'ich reflects the ot n5k to whh the orglnisation tn&!' be eipised and assocmted Mitiling systenLs are in place.
GRACE ASSEMBLY Report of the Independent Examiner W't h2b'e examined tht financial stxtements on p2W -, to 8 u'hich h21'e kn prepartd undtt tht accounting p0cleS 4cr out on pagc 9. Respective responsibilities of tmsiecs and exarDAne As the ch<1rit!'s tNstees iou are responsible for the ptfPArath)tt of the 2ccounts- !U consider that the audit rquiresnent nf eCti)n nf the Chanties Act ?IlnC) dnes nrjt apph-_ It is res5]b]b.rn tfj State. rjn the b&sis OE procedures specified it] the General Directions tii'en b!" the a)7. Commissioners Acr. whether parricuiar matter5 have crjme io tni- arlenonn. B?515 of opinion Our exxmination was carEied out in accordance with the Genera] DtrLxiions gl.en bi. the Chariti.. CommissN)ntrs. Art ¢xamtiJati()n ddeS (Jf thv accountyngT rec(Ird% Lept bi. the chlTh- and a cumpsi%vn of th¢ acc()unts prestnted with those records. It 2]so includts Conskltration of ani. unusual items or disthsures in tht accounts, and seeLing expl2nati()n8 fr()m !-c)u trust¢ef concerning an!- such tna¢rer5. Th¢ pr(KaUr undertaken di) nc)t proN'ide All the ei-idtnce that '0[d be required in an audit, And consequendi. u't do not eNpress an audit opinion on rhe s.lew gn-en b!-. rhe accounr5. Opinion In connection with examirjation, xjo m1< tter has come to our attentio which wvts us reasonable cause to be't that in ani mateJi21 respect the reqLLirements a) to kLLT iccountirtg tLfOtds in accotd2nct m.ith sittion 41 of thl ilct-, 2nd bl ro Ppart accounrs Thhich accord -Ith rhe accounting recordq and to compli 1th the accounting ttquitcmLllt% c)f thL Act hLs n()t bcLn mct- ()[ to which. In our opinion, attenDon shnuid be dro In order ro enable a ppU UTda5¢andi of the accounts to be reAched. Charterbrook Accountants E1svHub C.roidrJn Suitc 3.12 Dattr. 31-Lllai'_25 22 ,.Iclcli5combe R(YAd C.rcii.d()n CRO iPL
GRACE ASSEMBLY STATEMENT OF Fll¥4ANCIAL AcrIvrTIES FOR THE YEAR ETr4DED 31ST AUGUST. 2024 .' Re5ttiCted Unrestticted TOTAL TOTAL 2024 Funds Funds 2023 Incoming resources.. Grant Othcr Incomc Tithts & OEfeiing Gift ilid 10.53100 18,911.00 10.531.00 18,911.00 15,282.00 Donations 18.050.on 18.0.10.00 4-..4C)8.1111 16,189.00 31,471.00 Less: Resources Expended Evangrlism & Honoraiium Rcnr 4,372.00 10,940.00 3,350.00 9,276.00 10,940.00 Sa]aiies Irjsuranct 359.00 3)9.00 859.00 5,058.00 4,421.00 196.00 2,971.00 576.00 790.00 575.00 1,418.00 1,667.00 998.00 2,220.00 Velfare Support & ,Nti5sion Ilt Printing & Publicity Motor Running Expenses/Travels Missionary Work Vi)lunrLer Eipenses Tcl¢phon¢ & Int¢m¢t Independent F.xaniiners fee Conftreiice5/SetnirLa F,quipment & iltateriais. P<)8t2ge & statinern. Subscription, Training & educ2uonAi SupFK)rt D¢preciatif)n 4,940.00 3.672.11{1 1,()4?.00 3,38i.00 ?.354.(10 751.00 4,940.00 3,672.0( l.C)45.00 3,38i.00 2 Ji4.00 7il.00 575.(JO 1.600.00 i.514.00 1,600.00 i,514.00 5811.011 2,803.00 2,803.00 1(fj&.3 TOTAL F.XPF.f%SF.S 34,375.00 Net Incr)min /(Out1n 4.008.00 4.1132.111) 4,aO8.00 4.1132.00 {2,904.001 6,936.00 B2]anct% b/E Balances c/[ 8.1140.00 8.n4fl.nn 4,032.00
GRACE ASSEMBLY BALANCE SHEET AS AT 31ST AUGUST, 2024 Notes 2024 2023 Fixed assets Tangble 1%8ets 2.00 2.00 Curttnt assets Debtors & PrepaTrinent CAsh at B&nk 2nd in hand l i,9_38.00 l j l)i8.00 C).l_il.00 6,lil.00 Creditors.. amount fallg due wirhin un¢ l-ear Net cutrent assets I Cutrent liabiliies C.901)00) (? 121.001 8,(1)8.00 4,0.10.011 Total assets less cutrent liabilites 8,(14(l.ui 4,U3?.Ull Represented By: RLStrictcd Funds 'Are5tricred Funds IB 8.040.On 4,0.32.00 Dtsignxted Funds Total Chari funds 8.(14(1.0i) 4,a3? no 'e cethfi. that the *nnexed acc()unts are in accar)rd8nce u'irh rhe tra$. infi)m)aor)n and explanarir)ns suppbed b)- us Trusrees nd have aur ippr(IvaL Jgntd b), Order of the Boa Dr (Rev) Anthony Obayoti Chair Dale: 31-IN521'.25
GRACE ASSEMBLY Notes forming part of the financi21 statements for the year ended 31st Augus4 2024 l. Accounting policies (#) Accounting eonveniion The kncial statements art pretyared under the his1or cost coni"ention 2nd tn 2ccord2nce Th"ith the Fin)nciJl Rqrtingy St'andard for snilet I n¢iiies lettec¢ii't Ifardi ?{)Iiui. In ptrPA]i the financi sratements thc chant!" folloM"5 knt practicc a5 Ia dL5"n thL Stitcmcnt of RLfOmtnctdcd PLxcEiCL "..Ic(uunting and Report]ng b!" Chaoties" IS()RP 200)) elle(tire October 2000. (b) Fund Accollnting Lnre5tncted ftJnd5 ate fi]nd5 "bich Are ai-a]lable for use at the diSCt ot the ttU5tee5 JA tU[thence ot the nerai ObjeceS of the Chl. and h]ch hai'e not been ated lor od)er puw Restritted n8 #¢ tiirtas 'hich hai'e been w'en kn Ewucth pu4$¢$ )rtd ptyws. All illcamin2 resources are induded in the finand statemenis 'hert Ihe a)aotTr is le.. eniided the come and rhe income can bt qu#nti&d '1[h son#bk #¢cuTrts". Pkdp onl!. ttc(yised u.hen the Amount certAJn. (d) Resourceg expended '.APLnditutL ts accountcd for on accwai and cL3551ficd undct thc hcad]ng apptDpllatc to thc natutc of the &Npenthture. ID Tangthle fixed agsets #nd depClaOn Tangible ed asset5 A dePrted on a 5t•t-hAe b95]5 oier thetr e5titn2ted usetui ]iiTe5 as fo]iows'. quipmeftrs F'urnitu, Fiirurcs & fitting5 Iotor I'elude 2. Current Aets 2024 2023 D¢bt0 3nd Py!Yrtents Cash at Bank and hand 6,lil.il 6.151.00 15.938.00
GRACE ASSEMBLY Notes forming part of the financial statements (cont'd) for the year ended 31st Augus4 2024 3. Tangible fix¢d 2SS¢ts Furnire & Motot Total EqUiPnnIS Fittings Vehicle Cost -4t 01 September, 2023 Addiiinn 8,090.00 8,090.00 DiSpoSS At 31st Au2US4 2024 8.090.00 8.090.00 Depreciation At 01 Scptcmbcr, 2023 (]]arge fur the Jear On disposals At 31st August, 2024 8,088 8,088 8,088 8,088 Net bwk value At _31.st ilu2USt, 2024 At 31st AugNst, 2023 None of these assets were acquired under the tenns of he purchase. 4. CREDITORS: An]ount falling duc within on¢ ycar 2024 2023 Cost of Chatitable Activities Indepelldent Examiners fee Other Cxedit()rs 575 575 7.32 1.546 2,121 10
Comp3ny Registration No. 06668635 (England and Wales) Chaory Registtation No. 1139873 GRACE ASSEMBLY ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST, 2024
GRACE ASSEMBLY Contents P2ge Legal 2nd 2dministr2tiiTe information Report of the Trustees Report of the independent eiaminer Statcmcnt of financial activitics Balance sheet Notes forming part OE the tinancial statements 9&10
CHARITY NUMBER . 1139873 Legal & Administrative Infomiation I()RKING NMIE: GIiACE ASSE,IIBLI' FIN,INCIAL YEAR .. l st Scptcmbcr, 2023 - 31 st Augus¢ 2024 DIRECTi)RS/.IL4N'AGENIENT COIlIThI1EE AT 31 /03/2022 Dr(Rei') Anthoni. Oba!"ori Rei. Jcromc Obodc L Irs lodupe Ob2!'0ri Chair Trustee/Secret2ri-' Address: 91]Tallei' Road Croi'don Surre}, CR8 5BI' Independent Examiner CharterbrooL Accounttinrs Eas}"Hub Cro)-don Suitc 3.12 22 Addiscombe Road croi.don CRO SPE Bankers Santander Santander Business Bank-ing Oper2tions. Sunderland SR43 4NX,:
GRACE ASSEMBLY Report ofthe Trustees for the yearended 31stAugusL 2024 The TLUStees present theic rwrt aiollg with the bnan(ia] statement5 of the ch2ritE' for the rear ended 31 Auyst. 21122. The fmart0 st2tements hai"e been pretrated &ccorilanc¢ u'ith the 2ccounw p)b(ies set out on pahrs 9 tv 10 and cumpl!" Vvith rhc ch3tiri s twst dccd and appjicabic lTh-. OBJEcrs l. The advancement ol the chlistk fd)0 and edueatitTrA 2. Ulclfatc Supputr ro bcr&a.cd familics .3. The pn)i'isinn nf educaiNin & f()r ple .se sutter ftom ment31 Wntss. E1'an£eSM (Radio Nlll)istLvI 5. bIi55kJn 1 OutrcAch fur thc homtss. 6. W'c)&shops 2tid Seminars fnr Thurch Leadets. Legal Siatus, Governance & Management Boatd meeting5 atE bi-monthly and ensu the putpose of the otgani5aiion i5 itsq)lemented thrnugh effective planning te6ulting i the annual wo& plan, ass(Kiated reSoUeS to delii'er cote and pleC and suppott to our vollltee. h0 are the back bone of our scn'i¢¢ deiivL4'. Funding DLbl"L. vf uur Tvudi ptuwfflc and ff]Ated cu5ts atz abin"¢d a [n]Xtu oEuffellng ld tith. a5 well 95 dvnation5 mctnbcTr" Public Benefit The Bnard hai'e due regard to the guidance on public benefit ]n p]annll¥ resourclljg and deb4"eDt]g its activities. Risk Management 'IknL Bnanl L'nsurL'S IherL' 15 2 nsk nIn4ment po]io' 'ich reflects the ot n5k to whh the orglnisation tn&!' be eipised and assocmted Mitiling systenLs are in place.
GRACE ASSEMBLY Report of the Independent Examiner W't h2b'e examined tht financial stxtements on p2W -, to 8 u'hich h21'e kn prepartd undtt tht accounting p0cleS 4cr out on pagc 9. Respective responsibilities of tmsiecs and exarDAne As the ch<1rit!'s tNstees iou are responsible for the ptfPArath)tt of the 2ccounts- !U consider that the audit rquiresnent nf eCti)n nf the Chanties Act ?IlnC) dnes nrjt apph-_ It is res5]b]b.rn tfj State. rjn the b&sis OE procedures specified it] the General Directions tii'en b!" the a)7. Commissioners Acr. whether parricuiar matter5 have crjme io tni- arlenonn. B?515 of opinion Our exxmination was carEied out in accordance with the Genera] DtrLxiions gl.en bi. the Chariti.. CommissN)ntrs. Art ¢xamtiJati()n ddeS (Jf thv accountyngT rec(Ird% Lept bi. the chlTh- and a cumpsi%vn of th¢ acc()unts prestnted with those records. It 2]so includts Conskltration of ani. unusual items or disthsures in tht accounts, and seeLing expl2nati()n8 fr()m !-c)u trust¢ef concerning an!- such tna¢rer5. Th¢ pr(KaUr undertaken di) nc)t proN'ide All the ei-idtnce that '0[d be required in an audit, And consequendi. u't do not eNpress an audit opinion on rhe s.lew gn-en b!-. rhe accounr5. Opinion In connection with examirjation, xjo m1< tter has come to our attentio which wvts us reasonable cause to be't that in ani mateJi21 respect the reqLLirements a) to kLLT iccountirtg tLfOtds in accotd2nct m.ith sittion 41 of thl ilct-, 2nd bl ro Ppart accounrs Thhich accord -Ith rhe accounting recordq and to compli 1th the accounting ttquitcmLllt% c)f thL Act hLs n()t bcLn mct- ()[ to which. In our opinion, attenDon shnuid be dro In order ro enable a ppU UTda5¢andi of the accounts to be reAched. Charterbrook Accountants E1svHub C.roidrJn Suitc 3.12 Dattr. 31-Lllai'_25 22 ,.Iclcli5combe R(YAd C.rcii.d()n CRO iPL
GRACE ASSEMBLY STATEMENT OF Fll¥4ANCIAL AcrIvrTIES FOR THE YEAR ETr4DED 31ST AUGUST. 2024 .' Re5ttiCted Unrestticted TOTAL TOTAL 2024 Funds Funds 2023 Incoming resources.. Grant Othcr Incomc Tithts & OEfeiing Gift ilid 10.53100 18,911.00 10.531.00 18,911.00 15,282.00 Donations 18.050.on 18.0.10.00 4-..4C)8.1111 16,189.00 31,471.00 Less: Resources Expended Evangrlism & Honoraiium Rcnr 4,372.00 10,940.00 3,350.00 9,276.00 10,940.00 Sa]aiies Irjsuranct 359.00 3)9.00 859.00 5,058.00 4,421.00 196.00 2,971.00 576.00 790.00 575.00 1,418.00 1,667.00 998.00 2,220.00 Velfare Support & ,Nti5sion Ilt Printing & Publicity Motor Running Expenses/Travels Missionary Work Vi)lunrLer Eipenses Tcl¢phon¢ & Int¢m¢t Independent F.xaniiners fee Conftreiice5/SetnirLa F,quipment & iltateriais. P<)8t2ge & statinern. Subscription, Training & educ2uonAi SupFK)rt D¢preciatif)n 4,940.00 3.672.11{1 1,()4?.00 3,38i.00 ?.354.(10 751.00 4,940.00 3,672.0( l.C)45.00 3,38i.00 2 Ji4.00 7il.00 575.(JO 1.600.00 i.514.00 1,600.00 i,514.00 5811.011 2,803.00 2,803.00 1(fj&.3 TOTAL F.XPF.f%SF.S 34,375.00 Net Incr)min /(Out1n 4.008.00 4.1132.111) 4,aO8.00 4.1132.00 {2,904.001 6,936.00 B2]anct% b/E Balances c/[ 8.1140.00 8.n4fl.nn 4,032.00
GRACE ASSEMBLY BALANCE SHEET AS AT 31ST AUGUST, 2024 Notes 2024 2023 Fixed assets Tangble 1%8ets 2.00 2.00 Curttnt assets Debtors & PrepaTrinent CAsh at B&nk 2nd in hand l i,9_38.00 l j l)i8.00 C).l_il.00 6,lil.00 Creditors.. amount fallg due wirhin un¢ l-ear Net cutrent assets I Cutrent liabiliies C.901)00) (? 121.001 8,(1)8.00 4,0.10.011 Total assets less cutrent liabilites 8,(14(l.ui 4,U3?.Ull Represented By: RLStrictcd Funds 'Are5tricred Funds IB 8.040.On 4,0.32.00 Dtsignxted Funds Total Chari funds 8.(14(1.0i) 4,a3? no 'e cethfi. that the *nnexed acc()unts are in accar)rd8nce u'irh rhe tra$. infi)m)aor)n and explanarir)ns suppbed b)- us Trusrees nd have aur ippr(IvaL Jgntd b), Order of the Boa Dr (Rev) Anthony Obayoti Chair Dale: 31-IN521'.25
GRACE ASSEMBLY Notes forming part of the financi21 statements for the year ended 31st Augus4 2024 l. Accounting policies (#) Accounting eonveniion The kncial statements art pretyared under the his1or cost coni"ention 2nd tn 2ccord2nce Th"ith the Fin)nciJl Rqrtingy St'andard for snilet I n¢iiies lettec¢ii't Ifardi ?{)Iiui. In ptrPA]i the financi sratements thc chant!" folloM"5 knt practicc a5 Ia dL5"n thL Stitcmcnt of RLfOmtnctdcd PLxcEiCL "..Ic(uunting and Report]ng b!" Chaoties" IS()RP 200)) elle(tire October 2000. (b) Fund Accollnting Lnre5tncted ftJnd5 ate fi]nd5 "bich Are ai-a]lable for use at the diSCt ot the ttU5tee5 JA tU[thence ot the nerai ObjeceS of the Chl. and h]ch hai'e not been ated lor od)er puw Restritted n8 #¢ tiirtas 'hich hai'e been w'en kn Ewucth pu4$¢$ )rtd ptyws. All illcamin2 resources are induded in the finand statemenis 'hert Ihe a)aotTr is le.. eniided the come and rhe income can bt qu#nti&d '1[h son#bk #¢cuTrts". Pkdp onl!. ttc(yised u.hen the Amount certAJn. (d) Resourceg expended '.APLnditutL ts accountcd for on accwai and cL3551ficd undct thc hcad]ng apptDpllatc to thc natutc of the &Npenthture. ID Tangthle fixed agsets #nd depClaOn Tangible ed asset5 A dePrted on a 5t•t-hAe b95]5 oier thetr e5titn2ted usetui ]iiTe5 as fo]iows'. quipmeftrs F'urnitu, Fiirurcs & fitting5 Iotor I'elude 2. Current Aets 2024 2023 D¢bt0 3nd Py!Yrtents Cash at Bank and hand 6,lil.il 6.151.00 15.938.00
GRACE ASSEMBLY Notes forming part of the financial statements (cont'd) for the year ended 31st Augus4 2024 3. Tangible fix¢d 2SS¢ts Furnire & Motot Total EqUiPnnIS Fittings Vehicle Cost -4t 01 September, 2023 Addiiinn 8,090.00 8,090.00 DiSpoSS At 31st Au2US4 2024 8.090.00 8.090.00 Depreciation At 01 Scptcmbcr, 2023 (]]arge fur the Jear On disposals At 31st August, 2024 8,088 8,088 8,088 8,088 Net bwk value At _31.st ilu2USt, 2024 At 31st AugNst, 2023 None of these assets were acquired under the tenns of he purchase. 4. CREDITORS: An]ount falling duc within on¢ ycar 2024 2023 Cost of Chatitable Activities Indepelldent Examiners fee Other Cxedit()rs 575 575 7.32 1.546 2,121 10