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 servI￿s.
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 COIlIThI1￿EE
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 p￿le ￿.￿se
sutter ftom ment31 Wntss.
E1'an£e￿SM (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 reSoU￿eS to delii'er cote and p￿leC￿ 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 a￿bin"¢d a [n]Xtu￿ oEuffellng l￿d 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 nI￿n4￿ment po]io' ￿'￿ich reflects the ot n5k to wh￿h the orglnisation tn&!' be eipised and assocmted
Miti￿ling 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
p0￿cleS 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 res￿￿5]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 ￿d￿deS (Jf thv accountyngT rec(Ird% Lept bi. the ch￿lTh- 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 P￿part 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 p￿pU 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 & stati￿nern.
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
/(Out￿1n
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 fall￿g 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 ￿t￿ra$. 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 Rq￿rtingy St'andard for sni￿let I n¢iiies lettec¢ii't Ifardi ?{)Iiui. In ptrPA]i￿ the financi￿ sratements
thc chant!" folloM"5 knt practicc a5 I￿a dL￿5"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 diSC￿t￿ ot the ttU5tee5 JA tU[then￿ce ot the
nerai Objec￿eS of the Ch￿l￿. and ￿h]ch hai'e not been a￿￿ted lor od)er puw
Restritted ￿n￿8 #¢ 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 dep￿Cla￿On
Tangible ￿￿ed asset5 A￿ dePr￿￿ted 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 A￿ets
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
Furni￿re &
Motot
Total
EqUiPn￿nIS
Fittings
Vehicle
Cost
-4t 01 September, 2023
Addiiinn
8,090.00
8,090.00
DiSpoS￿S
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 h￿e 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 COIlIThI1￿EE
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 p￿le ￿.￿se
sutter ftom ment31 Wntss.
E1'an£e￿SM (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 reSoU￿eS to delii'er cote and p￿leC￿ 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 a￿bin"¢d a [n]Xtu￿ oEuffellng l￿d 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 nI￿n4￿ment po]io' ￿'￿ich reflects the ot n5k to wh￿h the orglnisation tn&!' be eipised and assocmted
Miti￿ling 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
p0￿cleS 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 res￿￿5]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 ￿d￿deS (Jf thv accountyngT rec(Ird% Lept bi. the ch￿lTh- 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 P￿part 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 p￿pU 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 & stati￿nern.
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
/(Out￿1n
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 fall￿g 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 ￿t￿ra$. 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 Rq￿rtingy St'andard for sni￿let I n¢iiies lettec¢ii't Ifardi ?{)Iiui. In ptrPA]i￿ the financi￿ sratements
thc chant!" folloM"5 knt practicc a5 I￿a dL￿5"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 diSC￿t￿ ot the ttU5tee5 JA tU[then￿ce ot the
nerai Objec￿eS of the Ch￿l￿. and ￿h]ch hai'e not been a￿￿ted lor od)er puw
Restritted ￿n￿8 #¢ 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 dep￿Cla￿On
Tangible ￿￿ed asset5 A￿ dePr￿￿ted 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 A￿ets
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
Furni￿re &
Motot
Total
EqUiPn￿nIS
Fittings
Vehicle
Cost
-4t 01 September, 2023
Addiiinn
8,090.00
8,090.00
DiSpoS￿S
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 h￿e 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