## **Trustees’ annual report (including Directors’ report) for the period**
**From: 1[st] Dec 2020 To: 30[th] Nov 2021**
**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.**
**In Africa, we are supporting families in**
**rural communities and putting in place**
**projects to empower the youth, women**
**and widows by way of providing start up**
**funds for their trade and ventures and**
**help support their families.**
**We provide opportunities to gain work**
**experience in different fields for young**
**people aged 16.**
**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:
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 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
3
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**
Joshua Oguntade
Eniola Titilayo Majek|**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||||
|||||||
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|**Director name**||||||
|Joshua Oguntade||||||
|Eniola Titilayo Majek||||||
|||||||
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Name of trustees holding title to property belonging to the charity
**Trustee name Dates acted if not for whole year**
## **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)**
|**Type of**
**adviser**
**Name**
**Address**|**Type of**
**adviser**
**Name**
**Address**|**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)** Joshua Oguntade **Position (for example** Director **Secretary, Chair, etc) Date** 31.08.2022
**Company Registration No. 08765986 (England and Wales)**
**EXTENDING GRACE INT MINISTRIES LTD ANNUAL REPORT AND UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 NOVEMBER 2021**
## **EXTENDING GRACE INT MINISTRIES LTD ANNUAL REPORT AND UNAUDITED ACCOUNTS CONTENTS**
||**Page**|
|---|---|
|Company information|3|
|Directors' report|4|
|Income statement|5|
|Statement of financial position|6|
|Notes to the accounts|7|
|Detailed profit and loss account|8|
- 2 -
**EXTENDING GRACE INT MINISTRIES LTD COMPANY INFORMATION FOR THE YEAR ENDED 30 NOVEMBER 2021**
## **Directors**
## **Company Number**
## **Registered Office**
## **Accountants**
Titilayo Eniola Majek Joshua Oguntade
08765986 (England and Wales)
27 LEANDER DRIVE GRAVESEND KENT DA12 4NF
Abbot Accounting Regus House, Admirals Park Victory Way, Crossways Dartford Kent DA2 6QD
- 3 -
## **EXTENDING GRACE INT MINISTRIES LTD (COMPANY NO: 08765986 ENGLAND AND WALES) DIRECTORS' REPORT**
The directors present their report and accounts for the year ended 30 November 2021.
## **Directors**
The following directors held office during the whole of the period:
Titilayo Eniola Majek Joshua Oguntade
Michael Olugbenga resigned on 13 August 2021.
## **Statement of directors' responsibilities**
The directors are responsible for preparing the report and accounts in accordance with applicable law and regulations.
Company law requires the directors to prepare accounts for each financial year. Under that law, the directors have elected to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these accounts, the directors are required to:
- select suitable accounting policies and then apply them consistently;
- make judgements and estimates that are reasonable and prudent;
- prepare the accounts on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
## **Small company provisions**
This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
Signed on behalf of the board of directors
............................................................................
Joshua Oguntade Director
Approved by the board on: 31 August 2022
- 4 -
**EXTENDING GRACE INT MINISTRIES LTD INCOME STATEMENT FOR THE YEAR ENDED 30 NOVEMBER 2021**
|**Turnover**
Cost of sales
**Gross surplus**
Administrative expenses
Other operating income
**Operating loss**
Interest receivable and similar income
**Surplus on ordinary activities before taxation**
Tax on surplus on ordinary activities
**Surplus for the financial year**|**2021**
**£**
10,525
(1,692)
8,833
(95,253)
86,413
(7)
7
-
-
-|**2020**
**£**
5,584
-|
|---|---|---|
|||5,584
(99,523)
93,939|
|||-
-|
|||-
-|
|||-|
- 5 -
## **EXTENDING GRACE INT MINISTRIES LTD STATEMENT OF FINANCIAL POSITION AS AT 30 NOVEMBER 2021**
|**Notes**
**Current assets**
Cash at bank and in hand
**Creditors: amounts falling due within one year**
4
**Net current assets**
**Total assets less current liabilities**
**Creditors: amounts falling due after more than one year**
5
**Net assets**
**Members' funds**|**2021**
**£**
16,861
(1,189)
15,672
15,672
(15,672)
-
-|**2020**
**£**
26,837
(1,124)|
|---|---|---|
|||25,713|
|||25,713
(25,713)|
|||-|
||||
|||-|
For the year ending 30 November 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities.
The financial statements were approved by the Board of Directors and authorised for issue on 31 August 2022 and were signed on its behalf by
Joshua Oguntade Director
Company Registration No. 08765986
- 6 -
**EXTENDING GRACE INT MINISTRIES LTD NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 NOVEMBER 2021**
## **1 Statutory information**
EXTENDING GRACE INT MINISTRIES LTD is a private company, limited by guarantee, registered in England and Wales, registration number 08765986. The registered office is 27 LEANDER DRIVE, GRAVESEND, KENT, DA12 4NF.
## **2 Compliance with accounting standards**
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
## **3 Accounting policies**
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
## _**Basis of preparation**_
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
## _**Presentation currency**_
The accounts are presented in £ sterling.
## _**Administrative Expenses**_
The general expenses of £45,336 includes £21,248 on Grace Project in Africa and £12,288 on Citadel of Grace expenses.
|**4**
**Creditors: amounts falling due within one year**
Taxes and social security
Other creditors
**5**
**Creditors: amounts falling due after more than one year**
Accruals
Deferred income|**2021**
**£**
1,189
-
1,189
**2021**
**£**
-
15,672
15,672|**2020**
**£**
-
1,124|
|---|---|---|
|||1,124|
|||**2020**
**£**
4,548
21,165|
|||25,713|
## **6 Company limited by guarantee**
The company is limited by guarantee and has no share capital.�
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
## **7 Average number of employees**
During the year the average number of employees was 1 (2020: 1).
- 7 -
## **EXTENDING GRACE INT MINISTRIES LTD DETAILED PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 30 NOVEMBER 2021**
This schedule does not form part of the statutory accounts.
|**Turnover**
Sales
**Cost of sales**
Purchases
**Gross profit**
**Administrative expenses**
Wages and salaries
Pensions
Staff training and welfare
Travel and subsistence
Motor expenses
Entertaining
Rent
Rates
Light and heat
Cleaning
Telephone and fax
Internet
Postage
Stationery and printing
Information and publications
Subscriptions
Bank charges
Insurance
Repairs and maintenance
Donations
Sundry expenses
Advertising and PR
Other legal and professional
**Other operating income**
Other operating income
Government grants
**Operating loss**
**Interest receivable**
Interest receivable
**Profit on ordinary activities before taxation**|**2021**
**£**
10,525
1,692
8,833
13,247
213
-
71
3,122
11
41,700
7,352
2,422
-
2,398
-
-
24
2,000
128
-
952
8,942
(4,205)
7,400
99
9,377
95,253
1,210
85,203
86,413
(7)
7
-|**2020**
**£**
5,584|
|---|---|---|
|||-|
|||5,584|
|||7,076
-
338
3,714
-
-
40,978
6,058
3,330
1,239
1,382
997
849
-
-
-
176
574
948
30,278
1,046
-
540|
|||99,523|
|||70,747
23,192|
|||93,939|
|||-|
|||-|
|||-|
- 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 2020 to 30thNov 2021|||||
|||||||**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 30/11/2021.|
|**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.
- _Please delete the words in the brackets if they do not apply._
**Signed: Date:** 31/08/2022
**Name:** Tiwalola Balogun
**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**
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**