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2020-11-30-accounts

Trustees’ annual report (including Directors’ report) for the period

From: 1[st] Dec 2019 To: 30[th] Nov 2020

Charity name: Extending Grace International Ministries Ltd

Charity registration number: 1160866

Company number: 08765986

Objectives and activities

SORP reference
Summary of the purposes of
the charity as set out in its
governing document		 Para 1.17 The prevention or relief of poverty,
accommodation/ housing, religious
activities, economic/ community,
development/ employment and other
charitable purposes.
Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or services
identified in the accounts.		 Para 1.17 and
1.19		 The charity organises projects, festivals,
fundraising events and community day
activities to help general public, children
and young people from Kent and Africa.
However due to the Covid 19 pandemic
and restrictions, the charity was unable
to organise fundraising events
physically.
The charity provides advocacy, advice,
information and supporting education in
rural communities where families are
caught in perpetual cycle of poverty in
Africa.
Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit		 Para 1.18

Additional information (optional) You may choose to include further statements where relevant about:

SORP reference Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related investment

Para 1.38 Contribution made by volunteers Other

Achievements and performance

Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.		 Para 1.20 With The Grace Project the charity helped
many Children in Need with provision of
educational resources including books,
writing materials, payments of school
fees and meals to keep the child in
school. It also provided the children with
school uniforms, shoes and other
educational related support required by
each child.
Due to Covid 19 restrictions, the
fundraising dinners and other activities
people from local community took place
virtually to socialise, interact and become
part of a better, kinder, grateful
community.
With Youth Project, children and young
people learned to explore their gifts and
talents in form of recreational and
entertaining activities. Opportunities to
gain work experience in different fields
were provided for the local secondary
school students.
With Barnabas House project the charity
helped with the challenge of
homelessness and offered
accommodation and support in Kent to
people threatened by this crisis.
With the Church, various activities were
provided for disadvantaged families in
the community and these include
provision of practical support,
counselling, befriending, advice,
**information and guidance. **

Additional information (optional) You may choose to include further statements where relevant about:

Para 1.41

Achievements against objectives set Para 1.41 Performance of fundraising activities against objectives set Para 1.41 Investment performance against objectives Other

Financial review

Financial review
Review of the charity’s
financial position at the end
of the period		 Para 1.21 The charity deferred income to match
planned activities for the following year
at the end of its accounting period.
Statement explaining the
policy for holding reserves
stating why they are held		 Para 1.22 N/A
Amount of reserves held Para 1.22 Zero
Reasons for holding zero
reserves		 Para 1.22 The charity spends all donations received
and resources on various charitable
activities through the year.
Details of fund materially in
deficit		 Para 1.24 N/A
Explanation of any
uncertainties about the
charity continuing as a going
concern		 Para 1.23

Additional information (optional) You may choose to include further statements where relevant about:

Para 1.47 The charity’s principal sources of funds (including any fundraising) Para 1.46 Investment policy and objectives including any

social investment policy adopted Para 1.46 A description of the principal risks facing the charity Other

Structure, governance and management

Description of charity’s
trusts:
Type of governing document:
for example,trust deed,
memorandum and articles of
association etc		 Para 1.25 Memorandum and articles of association
How is the charity
constituted?
for example limited company,
unincorporated association,
CIO		 Para 1.25 Company limited by guarantee
Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees		 Para 1.25 The chairman is the one that scouts for
trustees.

Additional information (optional) You may choose to include further statements where relevant about:

----- Start of picture text -----
Para 1.51
Policies and procedures
adopted for the induction and
training of trustees
Para 1.51
The charity’s organisational
structure and any wider
network with which the
charity works
Para 1.51
Relationship with any related
parties
----- End of picture text -----

Other

Reference and administrative details

Charity name Extending Grace International Ministries LTD Other name the charity uses Registered charity number 1160866 Charity’s principal address 27 Leander Drive, Gravesend, DA12 4NF

Names of the charity trustees who manage the charity

Trustee name
Office (if any)
Dates acted if not for whole
year
Name of person (or body) entitled
to appoint trustee (ifany)
1 Joshua Oguntade
Director
2Eniola Titilayo
Majek
Director
3Michael Olugbenga
Olanrewaju
Director
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
Corporate trustees–names of the directors at the date the report was approved
Director name
Michael Olugbenga		 Trustee name Office (if any) Office (if any) Dates acted if not for whole
**year **		 Name of person (or body) entitled
to appoint trustee (ifany)
Joshua Oguntade Director
Eniola Titilayo
Majek		 Director
Michael Olugbenga
Olanrewaju		 Director
Director name
Michael Olugbenga

Name of trustees holding title to property belonging to the charity

Dates acted if not for whole year

Trustee name

Funds held as custodian trustees on behalf of others

Description of the assets held in this capacity Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets

Additional information (optional)

Names and addresses of advisers (optional information)

ional information (optional)
Names and addresses of advisers (optional information)		 ional information (optional)
Names and addresses of advisers (optional information)		 ional information (optional)
Names and addresses of advisers (optional information)
Type of
adviser
Name
Address
Name of chief executive or names of senior staff members (optional information)

Exemptions from disclosure

Reason for non-disclosure of key personnel details

Other optional information

Declarations

The company has taken advantage of the small companies’ exemption in preparing the report above.

The trustees declare that they have approved the trustees’ report (including directors’ report) above.

Signed on behalf of the charity’s trustees/directors

Signature(s) Full name(s) Michael Olanrewaju ~~ee~~ Position (for example Director Secretary, Chair, etc) ~~es~~ Date 14.08.2021 ~~PF~~

Company registration number: 08765986

Extending Grace International Ministries Ltd Company limited by guarantee UNAUDITED FINANCIAL STATEMENTS for the year ended 30 November 2020

Abbot accounting

Regus House, Victory Way, Admirals Park, Crossways Business Centre, Dartford, Kent, DA2 6QD, United Kingdom

Extending Grace International Ministries Ltd Unaudited Financial Statements

Year ended 30 November 2020

CONTENTS PAGE
Offcers and Professional Advisers 1
Directors’ Report 2
Accountant’s Report 3
Income Statement 4
Statement of Financial Position 5 - 6
The following pages do not form part of the fnancial statements
Detailed Income Statement 7 - 8

Extending Grace International Ministries Ltd Officers and Professional Advisers Year ended 30 November 2020

Directors E Majek B Oguntade M Olanrewaju Registered office 27 Leander Drive Gravesend DA12 4NF England Accountant Abbot accounting Regus House, Victory Way Admirals Park, Crossways Business Centre Dartford Kent DA2 6QD United Kingdom

1

Extending Grace International Ministries Ltd

Directors’ Report

Year ended 30 November 2020

The directors present their report and the unaudited financial statements of the company for the year ended 30 November 2020.

DIRECTORS

The directors who served the company during the year were as follows:

E Majek

B Oguntade

M Olanrewaju

SMALL COMPANY PROVISIONS

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the board of directors on 13 August 2021 and signed on behalf of the board by:

M Olanrewaju

Director

2

Extending Grace International Ministries Ltd Report to the directors on the preparation of the unaudited statutory financial statements of Extending Grace International Ministries Ltd

Year ended 30 November 2020

As described on the statement of financial position, the Board of Directors of Extending Grace International Ministries Ltd are responsible for the preparation of the financial statements for the year ended 30 November 2020, which comprise the income statement and statement of financial position.

You consider that the company is exempt from an audit under the Companies Act 2006.

In accordance with your instructions I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to me.

Abbot accounting

Regus House, Victory Way Admirals Park, Crossways Business Centre Dartford Kent DA2 6QD United Kingdom

Date: 17 August 2021

3

Extending Grace International Ministries Ltd Income Statement

Year ended 30 November 2020

Turnover
Other income
Staff costs
Other charges
Surplus		 2020
£
5,584
93,939		 2019
£
10,739
119,773
99,523
(7,076)
(92,447)		 130,512
(11,120)
(119,392)
- -

4

Extending Grace International Ministries Ltd Statement of Financial Position

30 November 2020

Current assets
Creditors: amounts falling due within one year
Net current assets
Accruals and deferred income
Net liabilities
Capital and reserves		 2020
£		 2019
£
26,837
(1,124)
3,605
-
25,713
(25,713)		 3,605
(3,605)
- -
- -

NOTES TO THE FINANCIAL STATEMENTS

1 General information

The company is a private company limited by guarantee and is registered in England and Wales. The address of the registered office is 27 Leander Drive, Gravesend, DA12 4NF, England.

2 Average number of employees

The average number of persons employed by the company during the year was 1 (2019: 2).

For the year ending 30 November 2020, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors’ responsibilities:

These financial statements have been prepared in accordance with the micro-entity provisions.

5

Extending Grace International Ministries Ltd Statement of Financial Position (continued)

30 November 2020

These financial statements were approved by the board of directors and authorised for issue on 14 August 2021, and are signed on behalf of the board by:

M Olanrewaju

Director

Company registration number: 08765986

6

Extending Grace International Ministries Ltd Detailed Income Statement

Year ended 30 November 2020

TURNOVER

TURNOVER
Sales
OTHER INCOME
Other operating income
Government grant released to the income statement
Other income
STAFF COSTS
Wages and salaries
Directors remuneration
Directors defned contribution pension costs
Other staff costs
OTHER CHARGES
Training costs
Rent
Rates
Service charges		 2020
£
5,584
2020
£
64,678
23,192
6,069		 2019
£
10,739
2019
£
92,743
-
27,030
93,939 119,773
99,523 130,512
2020
£
5,796
-
10
1,270
2019
£
4,651
6,459
10
-
7,076
2020
£
-
40,978
6,058
-		 11,120
2019
£
385
53,881
1,425
310

7

Extending Grace International Ministries Ltd

Detailed Income Statement (continued)

Year ended 30 November 2020

Light, heating and power
Travelling
Staff entertainment
Printing, postage and stationery
Telephone
Computer costs
Accountancy fees
Professional fees
General insurance
Repairs and maintenance
Cleaning
Bank charges
Charitable donations
Subscriptions
Sundry expenses
Surplus		 3,330
3,714
338
849
1,382
997
500
40
574
948
1,239
176
30,278
-
1,046		 4,531
1,986
-
227
2,199
-
1,298
3,168
-
907
575
-
36,592
108
11,800
92,447 119,392
- -

8

Independent examiner's report on the accounts

Section A Independent Examiner’s Report

Report to the
trustees/directors/
members of
On accounts for the year
ended		 Extending Grace International Ministries Ltd Extending Grace International Ministries Ltd Extending Grace International Ministries Ltd Extending Grace International Ministries Ltd
1stDec 2019 to 30thNov 2020
08765986
Charity no.: 1160866 Company no.:

Set out on pages

I report to the charity trustees on my examination of the accounts of the
Company for the year ended 30/11/2019.
Responsibilities and As the charity’s trustees of the Company (who are also the directors of the
basis of report company for the purposes of company law), you are responsible for the
preparation of the accounts in accordance with the requirements of the
Companies Act 2006 (“the 2006 Act”).
Having satisfied myself that the accounts of the Company are not required
to be audited for this year under Part 16 of the 2006 Act and are eligible for
independent examination, I report in respect of my examination of your
charity’s accounts as carried out under section 145 of the Charities Act 2011
(“the 2011 Act”). In carrying out my examination, I have followed the
Directions given by the Charity Commission (under section 145(5)(b) of the
2011 Act.
Independent The company’s gross income does not exceed £250,000 and I am qualified
examiner's statement to undertake the examination by being a qualified member of the
Association of Chartered Certified Accountants.
I have completed my examination. I confirm that no material matters have
come to my attention which gives me cause to believe that:
• accounting records were kept in accordance with section 386 of the
Companies Act 2006
• the accounts do comply with relevant accounting requirements under
section 396 of the Companies Act 2006 and the accounts give a ‘true and
fair’ view which is not a matter considered as part of an independent
examination; or
•the accounts have been prepared in accordance with the Charities SORP
(FRS102).

1

October 2018

IER

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Date: 17/08/2021 Signed: ~~a~~ Name: Tiwalola Balogun ~~Pd~~ Relevant professional Association of Chartered Certified Accountants qualification(s) or body (if any):

Address: Regus House, Victory Way, Admirals Park Crossways Business Centre, Dartford, Kent

DA2 6QD

Section B Disclosure ~~eee~~

Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).

Give here brief details of any items that the examiner wishes to disclose .

2

October 2018

IER

IER October 2018