REGISTERED CHARITY NUMBER: 1160904
GRACE TO GRACES
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2021
GRACE TO GRACES
REPORT OF THE TRUSTEES
AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31ST AUGUST 2021
Grace to Graces Content of the Financial Statements For the Year Ended 31st August 2021
| Page | |
|---|---|
| Legal and Administrative Information | 1 |
| Report of the Trustees | 2 - 4 |
| Independent Examiner's Report | 5 |
| Statement of Financial activities | 6 |
| Statement of Financial Position | 7 |
| Notes to the accounts | 8 - 12 |
| Detailed Statement of Financial Activities | 13 |
Grace to Graces Legal and Administrative Information
Board of Trustees:
Ms Catherine Runsewe Mrs Janet A. Awe Mrs Fadeke Adepetun Mrs Josephine Williams Mrs Olamide Balogun Mrs Yewande I. Zaccheaus Mrs. Zainab A S Akinbulumo
Registered Charity Number 1160904 Registered Office: 287 Addiscombe Road Croydon Surrey CR0 7HZ Independent Examiner Patrick Jusu FCCA PAJ Accountants 10 - 16 Tiller Road Docklands London E14 8PX Bankers: HSBC 2 Love Lane Pinner Middlesex HA5 3EG
Page 1
Grace to Graces Report of the Trustees For the Year Ended 31 August 2021
The trustees present their report with the financial statements of the charity for the year ended 31 August 2021. The Trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) Effective 1 January 2015.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document and constitutes a charitable incorporated organisation (CIO).
Recruitment and appointment of new trustees
Apart from the first charity trustees, every trustee must be appointed for a term of three years by a resolution passed at a properly convened meeting of the charity trustees.
In selecting individuals for appointment as charity trustees, the charity trustees must have regard to the skills, knowledge and experience needed for the effective administration of the CIO.
Information for new charity trustees
The charity trustees will make available to each new charity trustee, on or before his or her first appointment:
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(a) a copy of the current version of this constitution; and
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(b) a copy of the CIO’s latest Trustees’ Annual Report and statement of accounts
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The trustees confirm that they regularly review the significant risks facing the Charity and have systems and procedures in place to mitigate those risks. The charity’s Secretary is responsible for the day-to-day monitoring of risk and reporting to the Trustees.
Induction and training of new trustees
All trustees are expected to attend:
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Volunteer induction training
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Trustee induction session
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Any other update training of relevance to board members
As part of the induction process all trustees receive copies of the following:
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Outline of current boards skills and experience
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A copy of the previous year's annual report and financial report
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A copy of the memorandum and articles of association (governing document)
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A copy of the previous board meeting minutes (once agreement for appointment has been made by the Trustees)
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Charity Commission CC3 - The essential trustee: What you need to know
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Charity Commission CC60 - The Hall marks of an Effective Charity
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Copies of the trustee handbook with all current up to date policies
Page 2
Grace to Graces Report of the Trustees For the Year Ended 31 August 2021
Public benefit
Grace to Graces is a faith based charity. Although our principles are derived from our Christian faith, we support women of all faiths and backgrounds. We aim to preserve and protect the mental and physical health of women who have suffered or are exposed to domestic violence or abuse primarily through the provision of a counselling helpline. We also aim to educate the public on domestic abuse through public awareness with a Christian ethos in an exclusively charitable way.
Our vision
We want to see a world where every woman has the opportunity to fulfil her God-given potential, no matter what she has experienced.
Objectives and aims
We support the mental and physical health of women who have suffered or are exposed to domestic violence through prayer, networking opportunities with other women, counselling, emergency financial support, and mentoring. We also work with a range of partners to provide support services such as legal support and mental healthcare.
In setting the Charity's objectives and planning its activities, the trustees have given careful consideration to the Charity Commission's general guidance on public benefit and they confirm that public benefit has been provided in relation to the charity's objects by carrying out activities including but not limited to the following:
1.� Raising awareness: Our research has shown that domestic violence often prevail amongst some ethnic and religious groups because churches and cultural groups do not openly discuss and discourage abusive behaviour. Many women within these groups believe that their culture and religion requires them to suffer in silence. We want to break the wall of silence covering the violence that is rooted in cultural and religious traditions which causes women to feel shame when reporting abuse.
This year, our annual fundraising dinner was not able to take place due to the covid-19 pandemic and associated restrictions. Instead, we continued to promote our ‘Break the Silence’ campaign through a series of webinars which focused on different themes under domestic abuse.
The charity was fortunate to be awarded a grant which enabled us to recruit a Counselling Helpline Manager and an Office Manager. The Office Manager has responsibility for the charity’s social meadia channels and have been actively promoting the support that we offer. In addition, the Office Manager have been working to build partnerships and referral routes with other charity’s and statutory agencies. The grant funding awarded has also enabled us to enhance the website and ensure that it reflects the diversity of the women that we serve and represent.
2.� Counselling: This year, the charity has supported over 100 women through our 24 hour helpline. Our counselling team also grew to include two new volunteers with significant experience in supporting survivors of domestic abuse.
3.� Free Legal support: The charity supported a number of women who required legal advice to access free pro bono advice through our partners. 4.� Grants: The charity has continued to accept applications for emergency financial assistance from women fleeing abuse. These are considered on a case by case basis.
Page 3
Grace to Graces Report of the Trustees For the Year Ended 31 August 2021
FINANCIAL REVIEW
Principal funding sources: The principal funding sources are from donation from the general public and fund raising events.
GOING CONCERN
After making enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue its objectives and activities for the public benefit for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the annual report and financial statements.
Further details regarding the adoption of the going concern basis are in note 1 ‘Accounting Policies’ in the financial statements.
STATEMENT OF TRUSTEES RESPONSIBILITIES
The trustees (who are also the directors of Grace to Graces for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including FRS102 the Financial Reporting Standard Applicable in the UK and Republic of Ireland.
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charity SORP;
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make judgements and estimates that are reasonable and prudent;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006 and charities act 2011. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by order of the board of trustees on 22nd May 2022 and signed on its behalf by:
Ms Catherine Runsewe
Trustees
Page 4
Independent Examiner's Report of Grace to Graces
I report on the accounts for the year ended 31 August 2021 set out on pages six to thirteen.
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year (under Section 144(2) of the Charities Act 2011 (the 2011 Act)) and that an independent examination is required.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:
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examine the accounts under Section 145 of the 2011 Act
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to follow the procedures laid down in the General Directions given by the Charity Commission (under Section 145(5)(b) of the 2011 Act); and
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to state whether particular matters have come to my attention.
Basis of the independent examiner's report
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view ' and the report is limited to those matters set out in the statements below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
(1) which gives me reasonable cause to believe that, in any material respect, the requirements - to keep accounting records in accordance with Section 386 and 387 of the Companies Act 2006; and
- to prepare accounts which accord with the accounting records, comply with the accounting requirements of Sections 394 and 395 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities have not been met; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Patrick Jusu FCCA Independent examiner PAJ Accountants 10 - 16 Tiller Road Docklands, London E14 8PX Date: 22nd May 2022
Page 5
Grace to Graces Statement of Financial Activities For the Year Ended 31 August 2021
| Unrestricted Funds Notes INCOMING RESOURCES £ Incoming Resources from generated funds Grant 2a - Voluntary Income Donations 2 3,808 Other Income Fundraising Income 3 - Total Incoming Resources 3,808 RESOURCES EXPENDED Resources expended on Charitable Activities: Charitable activities costs 4 - Cost of generating voluntary income 5 - Resources Expended - Other Resources Expended Governance costs 6 846 Other support costs 7 - 846 Total Resources Expended 846 Net incoming resources for the year 2,962 RECONCILIATION OF FUNDS Net movement in funds 2,962 Fund balances brought forward (374) Fund balances carried forward 2,588 |
Unrestricted Funds Notes INCOMING RESOURCES £ Incoming Resources from generated funds Grant 2a - Voluntary Income Donations 2 3,808 Other Income Fundraising Income 3 - Total Incoming Resources 3,808 RESOURCES EXPENDED Resources expended on Charitable Activities: Charitable activities costs 4 - Cost of generating voluntary income 5 - Resources Expended - Other Resources Expended Governance costs 6 846 Other support costs 7 - 846 Total Resources Expended 846 Net incoming resources for the year 2,962 RECONCILIATION OF FUNDS Net movement in funds 2,962 Fund balances brought forward (374) Fund balances carried forward 2,588 |
Restricted Funds £ 3,447 - - |
Total Funds 2021 £ 3,447 3,808 - 7,255 26,557 2,468 29,024 846 9,628 10,474 39,498 (32,243) (32,243) 32,126 (117) |
Total Funds 2019 £ 35,000 2,774 4,810 |
|---|---|---|---|---|
| 3,808 | 3,447 | 42,584 | ||
| - - |
26,557 2,468 |
4,557 3,801 |
||
| - | 29,024 | 8,358 | ||
| 846 - |
- 9,628 |
331 3,306 |
||
| 846 | 9,628 | 3,638 | ||
| 846 | 38,652 | 11,996 | ||
| 2,962 | (35,205) | 30,588 | ||
| 2,962 (374) |
(35,205) 32,500 |
30,588 1,538 |
||
| 2,588 | (2,705) | 32,126 |
Page 6
Grace to Graces Balance Sheet At 31 August 2021
| Notes Fixed Assets Tangible fixed assets 11 Current Assets Debtors 12 Cash at bank and in hand Creditors: Amounts falling due within one year 13 Net Current Assets Net Assets Funds 14 Unrestricted Funds Restricted Funds |
Unrestricted £ - - - 284 284 (400) (116) (116) Funds |
Restricted Funds £ - - - - - (0) (0) (0) |
Total 2021 £ - - - 284 284 (400) (116) (116) 2,589 (2,705) (116) Funds |
Total Funds 2020 £ - |
|---|---|---|---|---|
| - | ||||
| 35,065 259 |
||||
| 35,324 (3,198) |
||||
| 32,126 | ||||
| 32,126 | ||||
| (374) 32,500 |
||||
| 32,126 |
The financial statements were approved by the Board of Trustees on 22nd May 2022 and were signed on its behalf
Ms Catherine Runsewe
Chair of Board of Trustees
Page 7
Grace to Graces Notes to the Financial Statements For the Year Ended 31 August 2021
1 Accounting Policies
Accounting Convention
The accounts have been prepared in accordance with all applicable accounting standards, FRS 102, the Statement of Recommended Practise (SORP), “Accounting and Reporting by Charities” revised 2015 (FRS 102) and the Companies Act 2006, except for the alternative headings that have been used in the Statement of Financial Activities, as the Trustees feel that the revised headings make the accounts easier to read for a non-financial audience. The principal accounting policies adopted in the preparation of the accounts are set out below.
The charity constitutes a public benefit entity as defined by FRS102.
Exemption from preparing a cash flow statement
Exemption has been taken from preparing a cash flow statement on the grounds that the charitable company qualifies as a small charitable company.
Incoming Resources
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
Grants and Donations
Income from grants and donations is included in incoming resources when these are receivable.
Going concern
The Charity’s activities, together with the factors likely to affect its future performance and position are set out in the Report of the Trustees on pages 2 to 8 which describes the structure, governance and management of the Charity; its risk management policies and procedures, its objectives and activities, the achievements, performance and financial position of the Charity, and its plans for the future. After making enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue its objectives and activities for the public benefit for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the annual report and financial statements.
Resources Expended
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Cost of generating funds
Cost of generating funds are those costs relating to the generation of income and includes cost related to the management of the charities activities.
Allocation and apportionment of costs
Support cost are those cost related to shared activities of the organisation and are apportioned on a basis considered appropriate to the underlying activities.
Governance costs
Governance costs are the costs associated with the strategic direction of the charity and with meeting regulatory responsibilities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustee. Restricted funds can only be used for particular restricted purposes within the objects of the charity Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Page 8
Grace to Graces Notes to the Financial Statements For the Year Ended 31 August 2021
| 2 Voluntary Income General Donation 2A Grant Grant - Jesus House Ministry 3 Fundraising Income Fundraising events - Donations Other tickets Resources Expended 4 Charitable activities cost Website expenses Pension Cost Fundraising expenses Victim support Honorarium Wages and salaries 5 Cost of generating voluntary income Bank and other transaction charges Dinner Photos Other Dinner expenses Event services Volunteer expenses Hire of venue Staff training Postage and stationery 6 Governance costs Accountancy services DBS expenses Professional and Legal fees |
31.08.21 £ 3,808 3,808 31.08.21 £ 3,447 3,447 31.08.21 £ - - - 31.08.21 £ 1,577 530 0 393 100 23,956 26,557 31.08.21 £ 3 - - - 532 - 1,825 107 2,468 31.08.21 £ 400 36 410 846 |
31.08.20 £ 2,774 |
|---|---|---|
| 2,774 | ||
| 31.08.20 £ 35,000 |
||
| 35,000 | ||
| 31.08.20 £ 4,810 - |
||
| 4,810 | ||
| 31.08.20 £ 197 98 296 - - 3,967 |
||
| 4,557 | ||
| 31.08.20 £ 2 250 1,200 700 63 1,500 - 87 |
||
| 3,801 | ||
| 31.08.20 £ 200 42 90 |
||
| 331 |
Page 9
Grace to Graces Notes to the Financial Statements For the Year Ended 31 August 2021
| 7 Other support costs Equipment expenses Insurance Software cost Other admin expenses Telephone Subscription IT cost Bad debt Advertising 8 NET INCOMING/(OUTGOING) RESOURCES Net resources are stated after charging/(crediting): Depreciation - owned assets |
31.08.21 £ 4,418 237 1,383 10 489 543 755 65 1,728 9,628 31.08.21 £ - - |
31.08.20 £ - - 216 - 1,760 - - 1,331 |
|---|---|---|
| 3,306 | ||
| 31.08.20 £ - |
||
| - |
9 TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 August 2021 nor for the year ended 31 August 2020.
There were no trustees' expenses paid neither for the year ended 31 August 2021 nor for the year ended 31 August 2020.
| 10 STAFF COSTS Wages and salaries Social security costs The average monthly number of employees during the year was as follows: |
31.08.21 £ 20,969 2,988 23,956 31.08.21 |
31.08.20 £ 3,153 814 |
|---|---|---|
| 3,967 | ||
| 31.08.20 |
4 2
No employees received emoluments in excess of £60,000.
Page 10
Grace to Graces Notes to the Financial Statements For the Year Ended 31 August 2021
11 Tangible Fixed Assets
All assets relate to the Charity and are used for charitable purposes.
| Office Furniture & Equipment Cost £ At 1st Sept 2020 - Improvements - Additions - Disposals At 31st August 2021 - Depreciation At 1st Sept 2020 - Charge for the year At 31st August 2021 - Net Book Value At 31st August 2020 - 12 Debtors Accrued Income - Jesus House Ministry Prepayment 13 Creditors: Amounts falling due within one year Accrued accountancy fees Accrued pension cost Loan from member |
Computer equipments £ - - - - - - - 31.08.2021 £ - - - 31.08.2021 £ 400 - - 400 |
Total £ - - - - |
|---|---|---|
| - | ||
| - - |
||
| - | ||
| - | ||
| 31.08.2020 £ 35,000 65 |
||
| 35,065 | ||
| 31.08.2020 £ 600 98 2,500 |
||
| 3,198 |
Page 11
Grace to Graces Notes to the Financial Statements For the Year Ended 31 August 2021
14 MOVEMENTS IN FUNDS
| At 1st Sept Net Movements 2020 in funds £ £ Unrestricted fund (374) 2,962 Restricted funds 32,500 (35,205) 32,126 (32,243) SUMMARY MOVEMENT IN FUNDS FOR THE YEAR Incoming Resources resources expended £ £ Unrestricted funds 3,808 (846) Restricted funds 3,447 (38,652) 7,255 (39,498) |
At 31st August 2021 £ 2,589 (2,705) |
|---|---|
| (116) | |
| Movement in funds £ 2,962 (35,205) |
|
| (32,243) |
14 SUMMARY MOVEMENT IN FUNDS FOR THE YEAR
Page 12
Grace to Graces Detailed Statement of Financial Activities For the Year Ended 31 August 2021
| INCOMING RESOURCES Grant Jesus House Ministry Voluntary income General Donations Total Voluntary Income Fundraising income Fundraising event - Donations Total Fundraising income TOTAL INCOMING RESOURCES RESOURCES EXPENDED Other Charitable activities cost Website expenses Pension Cost Fundraising expenses Victim support Honorarium Wages and salaries Cost of generating voluntary income Bank and other transaction charges Dinner Photos Other Dinner expenses Event services Volunteer expenses Hire of venue Staff training Postage and stationery Governance costs Accountancy services DBS expenses Professional and Legal fees Support Costs Equipment expenses Insuramce Software cost Other admin expenses Telephone Subscription IT cost Bad debt Advertising Total Resources Expended Net Expenditure |
31.08.21 £ 3,447 3,447 3,808 3,808 - - 7,255 1,577 530 - 393 100 23,956 26,557 3 - - - 532 - 1,825 107 2,468 400 36 410 846 4,418 237 1,383 10 489 543 755 65 1,728 9,628 39,498 (32,243) |
31.08.20 £ 35,000 |
|---|---|---|
| 35,000 | ||
| 2,774 | ||
| 2,774 | ||
| 4,810 | ||
| 4,810 | ||
| 42,584 | ||
| 197 98 296 - - 3,967 |
||
| 4,557 2 250 1,200 700 63 1,500 - 87 |
||
| 3,801 200 42 90 |
||
| 331 - - 216 - 1,760 - - 1,331 |
||
| 3,306 | ||
| 11,996 | ||
| 30,587 |
Page 13