Trustees. Annual Report for the period Period start dale Period end date Y*ar 2024 Year 2025 From 01 SEPT To 31 AUG 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 èar Trustee name Offlce Ilf any) Name of person lor ldy) entitled toa olnt trusta8 If an Tony Obayori Jerome Obode Modupe Obayori Alex Babudoh 10 12 13 14 15 16 17 18 19 20 Names of the trustees for the charlty, If any. (for example, any cuslodlan trustees) Name Dates acted if not for whole ear TAR March 2012
Names and addresses of advisers (Optional information) e of adviser Name Address Name of chief executive or names of senior staff members (Optional infomiation) Section B Structure, overnance and mana ement Description of the charity's trusts Memorandum and Articlas of Associalion Type of goveming document How the charity is constituted Trust Trustee selection methods Trustees may recommend a person to be appointed to the AGM or appoint by a resolution passed by a simple majority, until the next AGM Additional govemance issues {Optional infomiation} You may choose to include additional information, where relevant, about.. policies and procedures adopted for the induction and Iraining of trustees., the Gharity'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 Ihem. TAR March 2012
Section C Ob'ectives and activities Summary of the objects of the charity set out in its governing document 1. To advance the Christian faith lin accordance with the Statement of Beliefsl 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, goods or services of any kind, including through the provision of counselling and support in such parts of the Uniled 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. Surnmary 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) Our activities have been driven by the GREAT COMMSSION and the GFIEAT COMMAND of our Lord Jesus Christ. The activilies include a. Regular public proclamation of the gospel, evangelism and teaching of the gospel in public places in Croydon, many parts of London, as well as in other nations b. Use of social media to evangelise c. Conducting baptism inlo Christ and His church d. Training and support for those that made commitment to follow Jesus. especially in following Jesus as His disciples. e. Financial support for those that were proven to be in financial hardships. f. Scholarship based on academic performance and mission involvement Prisoner support programme designed to support those in the prison, prevent ex-prisoners from reoffending and enable them to reintegrate and thrive in the society. Telephone support for lonely and vulnerable members of the public continued to be provided. Premarital course to help prepare those entering marriage covenant for a stable and enjoyable marital life Marriage course, which helps couples recover and strengthen their relationships. Including referrals to professional counsellors as necessary. Parenting course to help parents develop and or improve their parenting skills and relationships in the family TAR March 2012
Career development and networking for professionals Training sessions on how to handle money and grow in financial disciplines Kidz Bible Klub designed to help children and young people connect with God and grow in intimacy with God as well as develop in Christian values and academic abilities. Additional details of objectives and activities (Optional information) You may choose lo include further statements, where relevant, about.. These activilies are provided primarily by volunteers. policy on grantmaking- policy programme related investment., contribution made by volunteers. TAR March 2012
Section D Achievements and performance 1. We organised, conducted and supported regular proclamation of the gospel, evangelism and teaching of the gospel in Croydon, and other parts of London, as well as in many olher nalions. By the grace of God, many people made commitments to Jesus and God has enabled many to grow. 2. Several people were baptised into Christ and His church 3. Training and support were provided to those that made commitment, especially in following Jesus as His disciples. 4. Hosted international conferences on missions that led to missions to areas where Christ had not been preached 5. Financial supporl was provided for those Ihal were proven to be in financial hardships. Scholarship based on academic performance and mission involvement was also given. in particular to those who have come from Muslim background 6. Telephone support for lonely and vulnerable members of the public continued to be provided. 7. In the United Kingdom, two ex-prisoners benefited from our prisoner support programme. which was designed to support those in the prison. prevent ex-prisoners from reoffending and enable them to reintegrate and thrive in the society. 8. In West Africa, several prisoners benefited from the prison support programme and ministry. Many made commitments to Christ and were helped. 9. Premarital course to help prepare those entering marriage covenant for a stable and enjoyable marital life was attended by many young people. 10. Several couples attended the marriage course, which helps couples recover and strengthen Iheir relationships. Those in need of counselling were referred to professional counsellors 11. Parenting course to help parents develop and or improve their parenting skills and relationships in the family 12. Career development and networking for professionals has assisted many young professional to break ceilings and avoid anxiety. 13. Sessions on how to handle money and grow in financial disciplines as well as biblical stewardship has also helped many people 14. Kidz Klub designed to help children and young people connect with God and grow in intimacy continues to grow. The online sessions are now being delivered to children and young people in Mauritius. 15. Shared thousands of printed and electronic materials to members of the public. Surnmary of the main achievements of the charlty durlng the year TAR March 2012
Section E Financial review The charity does not employ anyone yet. so does not have a reserve policy. Brief statement of the charity's policy on reserves Details of any funds materially in deficit None. Further flnanclal revlew detalls (Optional Infomatlon) The principal sources of funds are financial contribution of those that regularly attend the church services. You may choose to include additional infomiation, where relevant about.. the charity's principal sources of funds (including any fundraisingl., how expenditure has supported the key objectives of the charity- investment policy and objectives including any elhical investmeni policy adopted. Section F Other optional information The Charity conlinues to seek how to work with other organisalions within and within the outside of the United Kingdom, to expand the fulfilment of the objects. 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 leg Secretary. Chair. etc) Anthony Obayori Chair Date 30-06-2026 TAR March 2012
Company R¢stratIOn Nrj. 06668635 {England and Wales) Charity Registration TrJ0. 1139873 GRACE ASSEMBLY ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE IEAR ENDED 31ST AUGUST, 2025
GRACE ASSEMBLY nt Page Ltgal and administrative information Report of the Trustees Report of the independent examiner Statcmcnt of financial activitics Balance sheec Note fom]ing part nE the financi218tstement 9&10
CHARITY NUMBER . 1139873 Legal & Administrative Infotmation 'ORKING NI AfvlE.. ..GRACE ASSETrIBLY FINANCIAI. YF.AR ..1 sr Scptombcr, 2024 - 31st Augusc, 2025 DIREC.TORS/MEINJlGEIllENT C.OMNIIThEE AT 31103/2024 Dr(Rci'l Anthoni, Oba}'ori Rei, Jerome Obode Mrs IL Indupe Obai'ori ChAir -.Trustee Tru8t¢¢/S¢cr¢tary Address: 41 Epsnm Rr)ad Ct()I,d()n Surre} CRO 4NB Independent Exan)iner Chart¢rbrrJok ElccrJuniant5 Easi,Flub croi-.don Suite 3.12 22 Addi%combe Road Croldon CRO SPE Bankers Santander Stnder Bu%ineE% niing Opcrations, Sundcrland SR43 4F,IX'
GRACE ASSEMBLY Report of the Trustees for the year ended 31st August, 2025 The Trllstce% prc.senr their rcpi)rr a]oiikTr with the financi statetncntr i)f the chant!." fi)r rhc I'car ended .31 Au£u8t, 2112i. 'I'he fin2iic121 statcnicntfj h2K'e beeii preparcd in accnrdance ivith the accnuntin£ pnlicie£ Ret nut on Pagyes C) tc) 10 ind ci)mpl}' ilTIEh the chatiry's tru4t deed 2nd 2ppIic21)le lau,. OBJECTS l. The adi?anceinent of the Christian religon qnd education 2. II'clfor¢ quppr)rt r() b¢rLave(I families S. Thc pii)i'isi()n i)f Lducdtic)n & suppi)It fi)i PL()pIL whi)SL PatLnts uffer fi()tn mental illness. 4. Ei?Ingeb%m (Ra(b(J NIisll8try'l 5. Nfission Meal (?utreAch for the homeless. 6. W()rksh()p% and SLmiAats f()r Lhurch LL'adLr%. Leyl Status, Governance & Management Board meetings are bi-monthly and ensiire the purpose of the organisation is implemented throiigh effective he annual work plan, associated resoiirces to deliver core and projects. and siippon to our voluteers, iyho are Funding Delii-en- nE nur wnrk prr)£ramme and related are archieved throu%h a i]uxture CJE offerin£ and titlie%, a% well dr) Public Benefit ThL Buard hai'L duL rLgird tu thL gTuidancL public bLnLfit In planningy T fLSUULcing and dLIIi'LringT Its acttvitiLs. Risk Man2gement Tlic BiJ#ril ¢n%urL% thcr¢ 1% a ri8k tnJnagem¢nt polici. which fleCt% th¢ tringt of ri%k to which thL lJfbuni%atinn ma}, be mitigating systems are in place.
planning re tlie back b( fra cxpn%ecl and
GRACE ASSEMBLY Report of the Independent Examiner e haiTe examined the financial £iatements on pa£es 7 'hICh hai-e been prepared under the accountin% policies set out on Pa 9. Respective responsibilities of trustees and exan)xner A5 thL charity F tIUtcL1 vnii ArL fL%P(InsiblL fc)r thL pfLparatti)n i)f thL aCC()unt5,' 1'C)ii ci)nsidLr thAt thL Audit i)f pr()cedures %pecilied In the General Directic)ns Lkii-en the C.hariti' C.fJmtni8si()ners Jlct, 'hether particular tnatters hive conie to m!. attentitsn. Basis of opinion Our exatninatton was cafLILd out in accuidance 'ith the GLneral DirectioAs giTren b}" the Chanry Cumtru55iuner5. An ex&inati()n Jncludc% a rel'ic7 ()E the acci)untiiiKTr rec()rd8 Lept b}. the charit!. qnd a ci)mparJs1)n ()f the acc()iint5 prL'SL'ntL'd with th()%e rec()rd8. It 21s() iiicludL'8 Cl)n%idL'f2ti()ft n12n!' uiiu81121 items nr di.4clnsurL'S In thL' aCC()unts, lid geekin&tr LxplJnitinns fr()m !r()u 2S trustccs C()Iiccrninx such ni2ttets. The pr()cedurcs undcrtJken dn nnt pIc)ide all the eNiolence that WC)ulcl be required in an #uolit, anLI ci)n¥e4uenrl!. 't olc) n(It exprebs an ouclit (Ipinii)n on the i'le, 'ern bv the xttounts. Opirrion In cnnnectirjn with nur exanun2tinn. nrj matter cnme tn nur &tteiitint].' 111 which reaqi)nable cau%e tc) bcli¢v¢ that in ¥1n}' material re%pcct the r¢quircmentq al tu kLLP aCCOUlltirt% rLcuids in accoidancL 1th sLctiun 41 uf rhc Act., and bl ro prepare accounts whjch accord with the accounting recoids And to complv with the accoiinuAg reqwrements of the Act has not b¢¢n mer,. or 121 tc) whiih, in i)ur i)pini()n, atrLntii)n sh()uld bc draivn in i)Idci t() LAablL a pr()pLI undLlStAnding i)f thL accI)unt t() bL rLachLd. Charterbrook Accountants F.1l-H[lb Crc)i'di)n 31-Nfai'_26 22 ilddiscc)nilJe Ri)2d Cn)I'ilon CRO SPL
GRACE ASSEMBLY STATEMENT OF FINANCtAL ACTIVITIES FOR THE TrEAR ENDED 31ST AUGUST, 2025 Notes Resttieted Funds UnrestriLted Funds TOTAL 2025 Tncoming resources: Grant OthLr Inc()mL Tithc5 & Offcrinx Gitt ..Iid Donations Less.. Resources Expended Evangelism & Honorarium Rent Salirics In4ur2nce ¢lf#re Suppr)rt & Nliqsi()n llcal Prittting & Publicity Motor Running Expenscs/TraYelg Missionary Wotk Volunteer Expenses 'I'elephrJne &. Iniernet Inilcpcncl¢nt .Xmitiers f¢£ CnTifcrcTl¢t%/SeminAr% '.quipmLnt & Nl&rLriAI% l){)%ta&FL & Siati()nLtI' Sub5criptt(In, Trainin% & ediicqttc)n?I Suppi)rt Depciation TC)TAL EXPENSES 3,108.00 20.00 3,108.0(1 9,720.00 -3,243.Dn 3,243.Dn 5,CJ31.00 3,)8 1.00 48.00 5 l)31.00 3,i87.00 48.00 ?75.()0 4,767.1) 4,*67.nQ 4,28C).00 4,28C).00 47,275.1111 ]et Inc()niinkl(OutgYiin B21at]ce5 b/{ 8,O£M).()O 8,04().00 Balances c /f ,)43.()0 7 1)43.()0
TOTAL 2024 10.531.00 18,917.00 18,050.00 47.498.00 4,372.00 10,940.00 359.00 4,940.00 3,672.00 1,645.00 3,385.00 2,354.00 751.00 575.00 1,600.00 5,514.00 580.00 2,803.00 43,490.00 4,008.00 4,032.00 8,040.00
GRACE ASSEMBLY BALANCE SHEET AS AT 31ST AUGUST, 2025 Notes 2025 2024 Fixed assets Tan&blt assets 11fj&3 2.00 2.00 Cuttent assets DLbtc)rs &. PrLpaimLnt Cash 21 BAiik and In hand li,9.38.IKI 1> C).38.(K) Creclitors.. aniouot fallin¥ olue withitt one iiear Net eutrent assets / Current liabilties 4.06i.00 ,90L).IKI 7.941.00 8,038.UU Total assets less curtent liabiiites 7.943.nn 8,040.00 Represented By: RLbtnctLd flind5 Lnrcfjrrictcd Funds Dc8ikTrnated Funds Total Chariry. Fund IB 7 943.00 8,040.on 7 943.00 8,040.on X'L cLr¢if} that the annLYLd acci)unts arc in 2cca()rdanc¢ ivith thL rLcords, inF()rm3ti()n and Lxplanatic)nq suppliecl b5, L And liaTrL ()ur appri)val. Signed b!. Order of the Board Dr {R¢v) Anthony Obayori ChAir Dat¢= 31-ICI5-26
Is Trusttiq
GRACE ASSEMBLY Notes forming part of the financial statements for the year ended 31st August, 2025 l. Accolltsting policies (al Ac¢ounting convention Tlic finAntial btxrements arL prcparcd undLr the hibti)rital ¢<)bt c<)ni'Lnrii)n and in atc¢)rdanc¢ ii'ith thL Financial RLPLTrrunx StAAdard fur SmallLr EntitiLb ILffLCUryTL rnfarch ?0001. IA prLpAring thL fiARncial statcmLAtS the charjts. follows best practtce as laid in the StAtetneAt of Recomniended Practice 'Accouiiting AAd Reptirting bi- C.h&ritie8 ISC)RP 200.51 eFfectii-e ()ctober 2000. (b) Fund Accounting L'niLstricrLd tunds arL funds u.hich Afl AN'ailablL t()r uqL At thL discrLtii)n i)E thr tru%tLL% in furrhLrancL l)f the FLllLIAI <)bjLCtIl-LS ()f thL C.IIAllt}-' and whiLh hARTL nvt bLLn dLgi&rtlAtLd fc)I i)tIILr putp()SL. Restrtcted fijnds are flind5 ,hi[17 liai'e been XiiTen f()[ PArticulai puip()se& and pr()jects. ( c ) Incoming resoiirces .411 incnming rqourcts &r¢ iiicluJt(l iti tli¢ fiii2ncial qtstetnents when the ClIAriti? is leyll!, entitled tn the incorne Anil the income Clin bt quAtititieol }Irlth lson41b]e 1¥ CCLirAc}'. Pleclges ale onl! recobTrniseol .hen the mount is itTraiA. (d) Resourees expended F.xpenditure 1% acci)unted Ec)r accrual and classified under the headinLy apprcipriate t() the nattTre ()[ the expenditure. (fj Tble fixed assets and depreciation TAnyblc fixed assets 14 re dtpieciatcd A Sttaight-line b<1S1S 01.ei rhcii cstimated uscful Iii'es follows.. Equipment8 F'urniture. F'ixn]re8 & F'ittinkTrs 25D/o 25Tr/0 25°/n 2. Current Assets 2025 2024 Debtors and Prepai'ments Bank and iii hand 11,997 0(1 11,997.00 I5,9.1.0 15,938.00
GRACE ASSEMBLY Notes fonning part of the financial statements (cont'd) for the year ended 31st August, 2025 3. Tangible fixed a55ets Furniture Motor Total Equiptnentg Fittings Vehicle Cost r 01 September, 2024 Additions Di8p(J8d 8,0()O.(N) 8,090.tHJ ,It.3)st.QuLWS4 21125 8,0()Q).uu 8,0()O.uu Depreciation Ar 01 Scpiember, 2024 C.harLre f(Ir tlie l-ear 8,088 8,088 Ai 31st,lugvst, 2025 8.1)88 8.088 1•4et book value ,Xt 31sr.Xu¥ust, 21125 At 31%t AugTU%t, 2023 None of thest assets acquirtd ut]der the ttmis of hire purchaqe. 4. CREDITORS.. Amount fajling due Nithin one year 2025 2024 Cost of Chaftitable ActitieS IndLpL'ndLnt F.xamJnLr5 EL'L. ()thcr C.rediic)rs .3,481 4,056 7..32i 5. NET ASSET8/(DEFIC.IT BEThX'EEN FUNDS 2n25 2.024 Rtstrictecl Puncls LDiesrTl¢t¢d Funds DL51atLd Fund 8iirplu81(Deficitl carried fnrw2rd 7,l)43.00 8,040.(K) 7 ¢)43.00 8,04L).00 6. There ii-ee no grants received diiriAx the NQ)TTrS I TO 6 FC)Rhf .4N INTP.GRAI. PART OF TI IP.SP. FIN.4NLIAI. ST ATP.NqP.NTS
Company R¢stratIOn Nrj. 06668635 {England and Wales) Charity Registration TrJ0. 1139873 GRACE ASSEMBLY ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE IEAR ENDED 31ST AUGUST, 2025
GRACE ASSEMBLY nt Page Ltgal and administrative information Report of the Trustees Report of the independent examiner Statcmcnt of financial activitics Balance sheec Note fom]ing part nE the financi218tstement 9&10
CHARITY NUMBER . 1139873 Legal & Administrative Infotmation 'ORKING NI AfvlE.. ..GRACE ASSETrIBLY FINANCIAI. YF.AR ..1 sr Scptombcr, 2024 - 31st Augusc, 2025 DIREC.TORS/MEINJlGEIllENT C.OMNIIThEE AT 31103/2024 Dr(Rci'l Anthoni, Oba}'ori Rei, Jerome Obode Mrs IL Indupe Obai'ori ChAir -.Trustee Tru8t¢¢/S¢cr¢tary Address: 41 Epsnm Rr)ad Ct()I,d()n Surre} CRO 4NB Independent Exan)iner Chart¢rbrrJok ElccrJuniant5 Easi,Flub croi-.don Suite 3.12 22 Addi%combe Road Croldon CRO SPE Bankers Santander Stnder Bu%ineE% niing Opcrations, Sundcrland SR43 4F,IX'
GRACE ASSEMBLY Report of the Trustees for the year ended 31st August, 2025 The Trllstce% prc.senr their rcpi)rr a]oiikTr with the financi statetncntr i)f the chant!." fi)r rhc I'car ended .31 Au£u8t, 2112i. 'I'he fin2iic121 statcnicntfj h2K'e beeii preparcd in accnrdance ivith the accnuntin£ pnlicie£ Ret nut on Pagyes C) tc) 10 ind ci)mpl}' ilTIEh the chatiry's tru4t deed 2nd 2ppIic21)le lau,. OBJECTS l. The adi?anceinent of the Christian religon qnd education 2. II'clfor¢ quppr)rt r() b¢rLave(I families S. Thc pii)i'isi()n i)f Lducdtic)n & suppi)It fi)i PL()pIL whi)SL PatLnts uffer fi()tn mental illness. 4. Ei?Ingeb%m (Ra(b(J NIisll8try'l 5. Nfission Meal (?utreAch for the homeless. 6. W()rksh()p% and SLmiAats f()r Lhurch LL'adLr%. Leyl Status, Governance & Management Board meetings are bi-monthly and ensiire the purpose of the organisation is implemented throiigh effective he annual work plan, associated resoiirces to deliver core and projects. and siippon to our voluteers, iyho are Funding Delii-en- nE nur wnrk prr)£ramme and related are archieved throu%h a i]uxture CJE offerin£ and titlie%, a% well dr) Public Benefit ThL Buard hai'L duL rLgird tu thL gTuidancL public bLnLfit In planningy T fLSUULcing and dLIIi'LringT Its acttvitiLs. Risk Man2gement Tlic BiJ#ril ¢n%urL% thcr¢ 1% a ri8k tnJnagem¢nt polici. which fleCt% th¢ tringt of ri%k to which thL lJfbuni%atinn ma}, be mitigating systems are in place.
planning re tlie back b( fra cxpn%ecl and
GRACE ASSEMBLY Report of the Independent Examiner e haiTe examined the financial £iatements on pa£es 7 'hICh hai-e been prepared under the accountin% policies set out on Pa 9. Respective responsibilities of trustees and exan)xner A5 thL charity F tIUtcL1 vnii ArL fL%P(InsiblL fc)r thL pfLparatti)n i)f thL aCC()unt5,' 1'C)ii ci)nsidLr thAt thL Audit i)f pr()cedures %pecilied In the General Directic)ns Lkii-en the C.hariti' C.fJmtni8si()ners Jlct, 'hether particular tnatters hive conie to m!. attentitsn. Basis of opinion Our exatninatton was cafLILd out in accuidance 'ith the GLneral DirectioAs giTren b}" the Chanry Cumtru55iuner5. An ex&inati()n Jncludc% a rel'ic7 ()E the acci)untiiiKTr rec()rd8 Lept b}. the charit!. qnd a ci)mparJs1)n ()f the acc()iint5 prL'SL'ntL'd with th()%e rec()rd8. It 21s() iiicludL'8 Cl)n%idL'f2ti()ft n12n!' uiiu81121 items nr di.4clnsurL'S In thL' aCC()unts, lid geekin&tr LxplJnitinns fr()m !r()u 2S trustccs C()Iiccrninx such ni2ttets. The pr()cedurcs undcrtJken dn nnt pIc)ide all the eNiolence that WC)ulcl be required in an #uolit, anLI ci)n¥e4uenrl!. 't olc) n(It exprebs an ouclit (Ipinii)n on the i'le, 'ern bv the xttounts. Opirrion In cnnnectirjn with nur exanun2tinn. nrj matter cnme tn nur &tteiitint].' 111 which reaqi)nable cau%e tc) bcli¢v¢ that in ¥1n}' material re%pcct the r¢quircmentq al tu kLLP aCCOUlltirt% rLcuids in accoidancL 1th sLctiun 41 uf rhc Act., and bl ro prepare accounts whjch accord with the accounting recoids And to complv with the accoiinuAg reqwrements of the Act has not b¢¢n mer,. or 121 tc) whiih, in i)ur i)pini()n, atrLntii)n sh()uld bc draivn in i)Idci t() LAablL a pr()pLI undLlStAnding i)f thL accI)unt t() bL rLachLd. Charterbrook Accountants F.1l-H[lb Crc)i'di)n 31-Nfai'_26 22 ilddiscc)nilJe Ri)2d Cn)I'ilon CRO SPL
GRACE ASSEMBLY STATEMENT OF FINANCtAL ACTIVITIES FOR THE TrEAR ENDED 31ST AUGUST, 2025 Notes Resttieted Funds UnrestriLted Funds TOTAL 2025 Tncoming resources: Grant OthLr Inc()mL Tithc5 & Offcrinx Gitt ..Iid Donations Less.. Resources Expended Evangelism & Honorarium Rent Salirics In4ur2nce ¢lf#re Suppr)rt & Nliqsi()n llcal Prittting & Publicity Motor Running Expenscs/TraYelg Missionary Wotk Volunteer Expenses 'I'elephrJne &. Iniernet Inilcpcncl¢nt .Xmitiers f¢£ CnTifcrcTl¢t%/SeminAr% '.quipmLnt & Nl&rLriAI% l){)%ta&FL & Siati()nLtI' Sub5criptt(In, Trainin% & ediicqttc)n?I Suppi)rt Depciation TC)TAL EXPENSES 3,108.00 20.00 3,108.0(1 9,720.00 -3,243.Dn 3,243.Dn 5,CJ31.00 3,)8 1.00 48.00 5 l)31.00 3,i87.00 48.00 ?75.()0 4,767.1) 4,*67.nQ 4,28C).00 4,28C).00 47,275.1111 ]et Inc()niinkl(OutgYiin B21at]ce5 b/{ 8,O£M).()O 8,04().00 Balances c /f ,)43.()0 7 1)43.()0
TOTAL 2024 10.531.00 18,917.00 18,050.00 47.498.00 4,372.00 10,940.00 359.00 4,940.00 3,672.00 1,645.00 3,385.00 2,354.00 751.00 575.00 1,600.00 5,514.00 580.00 2,803.00 43,490.00 4,008.00 4,032.00 8,040.00
GRACE ASSEMBLY BALANCE SHEET AS AT 31ST AUGUST, 2025 Notes 2025 2024 Fixed assets Tan&blt assets 11fj&3 2.00 2.00 Cuttent assets DLbtc)rs &. PrLpaimLnt Cash 21 BAiik and In hand li,9.38.IKI 1> C).38.(K) Creclitors.. aniouot fallin¥ olue withitt one iiear Net eutrent assets / Current liabilties 4.06i.00 ,90L).IKI 7.941.00 8,038.UU Total assets less curtent liabiiites 7.943.nn 8,040.00 Represented By: RLbtnctLd flind5 Lnrcfjrrictcd Funds Dc8ikTrnated Funds Total Chariry. Fund IB 7 943.00 8,040.on 7 943.00 8,040.on X'L cLr¢if} that the annLYLd acci)unts arc in 2cca()rdanc¢ ivith thL rLcords, inF()rm3ti()n and Lxplanatic)nq suppliecl b5, L And liaTrL ()ur appri)val. Signed b!. Order of the Board Dr {R¢v) Anthony Obayori ChAir Dat¢= 31-ICI5-26
Is Trusttiq
GRACE ASSEMBLY Notes forming part of the financial statements for the year ended 31st August, 2025 l. Accolltsting policies (al Ac¢ounting convention Tlic finAntial btxrements arL prcparcd undLr the hibti)rital ¢<)bt c<)ni'Lnrii)n and in atc¢)rdanc¢ ii'ith thL Financial RLPLTrrunx StAAdard fur SmallLr EntitiLb ILffLCUryTL rnfarch ?0001. IA prLpAring thL fiARncial statcmLAtS the charjts. follows best practtce as laid in the StAtetneAt of Recomniended Practice 'Accouiiting AAd Reptirting bi- C.h&ritie8 ISC)RP 200.51 eFfectii-e ()ctober 2000. (b) Fund Accounting L'niLstricrLd tunds arL funds u.hich Afl AN'ailablL t()r uqL At thL discrLtii)n i)E thr tru%tLL% in furrhLrancL l)f the FLllLIAI <)bjLCtIl-LS ()f thL C.IIAllt}-' and whiLh hARTL nvt bLLn dLgi&rtlAtLd fc)I i)tIILr putp()SL. Restrtcted fijnds are flind5 ,hi[17 liai'e been XiiTen f()[ PArticulai puip()se& and pr()jects. ( c ) Incoming resoiirces .411 incnming rqourcts &r¢ iiicluJt(l iti tli¢ fiii2ncial qtstetnents when the ClIAriti? is leyll!, entitled tn the incorne Anil the income Clin bt quAtititieol }Irlth lson41b]e 1¥ CCLirAc}'. Pleclges ale onl! recobTrniseol .hen the mount is itTraiA. (d) Resourees expended F.xpenditure 1% acci)unted Ec)r accrual and classified under the headinLy apprcipriate t() the nattTre ()[ the expenditure. (fj Tble fixed assets and depreciation TAnyblc fixed assets 14 re dtpieciatcd A Sttaight-line b<1S1S 01.ei rhcii cstimated uscful Iii'es follows.. Equipment8 F'urniture. F'ixn]re8 & F'ittinkTrs 25D/o 25Tr/0 25°/n 2. Current Assets 2025 2024 Debtors and Prepai'ments Bank and iii hand 11,997 0(1 11,997.00 I5,9.1.0 15,938.00
GRACE ASSEMBLY Notes fonning part of the financial statements (cont'd) for the year ended 31st August, 2025 3. Tangible fixed a55ets Furniture Motor Total Equiptnentg Fittings Vehicle Cost r 01 September, 2024 Additions Di8p(J8d 8,0()O.(N) 8,090.tHJ ,It.3)st.QuLWS4 21125 8,0()Q).uu 8,0()O.uu Depreciation Ar 01 Scpiember, 2024 C.harLre f(Ir tlie l-ear 8,088 8,088 Ai 31st,lugvst, 2025 8.1)88 8.088 1•4et book value ,Xt 31sr.Xu¥ust, 21125 At 31%t AugTU%t, 2023 None of thest assets acquirtd ut]der the ttmis of hire purchaqe. 4. CREDITORS.. Amount fajling due Nithin one year 2025 2024 Cost of Chaftitable ActitieS IndLpL'ndLnt F.xamJnLr5 EL'L. ()thcr C.rediic)rs .3,481 4,056 7..32i 5. NET ASSET8/(DEFIC.IT BEThX'EEN FUNDS 2n25 2.024 Rtstrictecl Puncls LDiesrTl¢t¢d Funds DL51atLd Fund 8iirplu81(Deficitl carried fnrw2rd 7,l)43.00 8,040.(K) 7 ¢)43.00 8,04L).00 6. There ii-ee no grants received diiriAx the NQ)TTrS I TO 6 FC)Rhf .4N INTP.GRAI. PART OF TI IP.SP. FIN.4NLIAI. ST ATP.NqP.NTS