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2022-11-30-accounts

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

From: 1[st] Dec 2021 To: 30[th] Nov 2022

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 The Old Rectory Springhead Road, Northfleet,
Gravesend, England, DA11 8HN

Names of the charity trustees who manage the charity

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20		 Trustee name 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

– Corporate trustees names of the directors at the date the report was approved

Director name Joshua Oguntade Eniola Titilayo Majek

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 Name Address adviser

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 2022

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

EXTENDING GRACE INT MINISTRIES LTD COMPANY INFORMATION FOR THE YEAR ENDED 30 NOVEMBER 2022

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

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 2022.

Directors

The following directors held office during the whole of the period:

Titilayo Eniola Majek Joshua Oguntade

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:

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: 29 August 2023

EXTENDING GRACE INT MINISTRIES LTD INCOME STATEMENT FOR THE YEAR ENDED 30 NOVEMBER 2022

Turnover
Cost of sales
Gross (loss)/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		 2022
£
-
(538)
(538)
(109,528)
110,065
(1)
1
-
-
-		 2021
£
10,525
(1,692)
8,833
(99,458)
90,618
(7)
7
-
-
-

EXTENDING GRACE INT MINISTRIES LTD STATEMENT OF FINANCIAL POSITION AS AT 30 NOVEMBER 2022

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		 2022
£
2,048
(2,048)
-
-
-
-
-		 2021
£
16,861
(1,189)
15,672
15,672
(15,672)
-
-

For the year ending 30 November 2022 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 29 August 2023 and were signed on its behalf by

Joshua Oguntade Director

Company Registration No. 08765986

EXTENDING GRACE INT MINISTRIES LTD NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 NOVEMBER 2022

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
Accruals
5
Creditors: amounts falling due after more than one year
Deferred income		 2022
£
1,487
561
2,048
2022
£
-		 2021
£
1,189
-
1,189
2021
£
15,672

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 (2021: 1).

EXTENDING GRACE INT MINISTRIES LTD DETAILED PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 30 NOVEMBER 2022

This schedule does not form part of the statutory accounts.

Turnover
Sales
Cost of sales
Purchases
Gross (loss)/profit
Administrative expenses
Wages and salaries
Pensions
Travel and subsistence
Motor expenses
Entertaining
Rent
Rates
Light and heat
Telephone and fax
Stationery and printing
Information and publications
Subscriptions
Insurance
Software
Repairs and maintenance
Depreciation
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		 2022
£
-
538
(538)
37,148
927
-
3,027
-
37,869
6,428
3,459
2,121
-
-
189
891
27
8,873
696
6,299
-
1,574
109,528
20,539
89,526
110,065
(1)
1
-		 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
-
7,400
99
9,377
99,458
5,415
85,203
90,618
(7)
7
-

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
Set out on pages
Responsibilities and
basis of report
Independent
examiner's statement		 Extending Grace International Ministries Ltd Extending Grace International Ministries Ltd Extending Grace International Ministries Ltd Extending Grace International Ministries Ltd
1stDec 2021 to 30thNov 2022
08765986
Charity no.: 1160866 Company no.: 08765986
I report to the charity trustees on my examination of the accounts of the
Company for the year ended 30/11/2022.
As the charity’s trustees of the Company (who are also the directors of the
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.
The company’s gross income does not exceed £250,000 and I am qualified
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).

October 2018

1

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.

Signed: Date: 31/08/2023

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 .

October 2018

2

IER