Grace Outreach Ministries
Report and Financial Statements For the year ended 31 March 2025
Charity Number: 1162757
Grace Outreach Church Annual Report and Financial Statements For the year ended 31 March 2025
| Contents | Page |
|---|---|
| Trustees | 2 |
| Trustee’s Report | 3 – 4 |
| Financial Statements | 5 – 6 |
| Notes to the Financial Statements | 7 |
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Grace Outreach Ministries
Registered Address 28 Bellarmin Close London SE28 0JG
Charity Registration Number 1162757
Trustees
Ms Olawumi Kayode Mrs Olubukola Adebayo Evangelist Paul Ukah
Bankers Barclays Bank
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Annual Report for 2025
The Trustees present their Annual Report and financial statements for 2025 .
Structure, Governance and Management
The Charity governing document is a CIO — Foundation Constitution registered 21 July 2015. The Charity is governed by a board on which the trustees are represented. It meets regularly to review, plan activities and monitor the financial position.
Objectives and Activities
The Objects of the organisation are first to advance the Christian faith in accordance with the statement of beliefs for the benefit in the United Kingdom and in such other parts of the world as the trustees may think fit from time to time. The trustees confirm that they have had due regard to the guidance issued by the Charity Commission on public benefit before deciding what activities the charity should undertake.
Achievements and Performance
The Organisation held a few successful meetings during the year in which individuals were equipped and educated on the principles and doctrines of the Christian faith. The organisation held outreach meetings during the year in which individuals had the opportunity to hear the message of the Christian faith. This has produced good results in reaching and helping members of the community.
Financial Review
The income of the charity totalled £0.
Reserve Policy
It is the policy of the Charity to maintain unrestricted funds, which are the reserves of the charity at about 3 months of unrestricted expenditure. This provides sufficient funds to cover any emergency expenditures that may arise from time to time. The charity will seek to maintain this level throughout the year.
Risk Management
The charity has assessed all the major risks to which the charity is exposed to, especially risks associated with operations and finances of the charity. The Trustees are satisfied that systems are in place to mitigate exposure to major risks.
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Trustees Responsibility
Under the Charities Act 2011, the trustees are required to prepare a statement of accounts for each accounting year which gives a true and fair view of the state of the church. They are required to:
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l . Select suitable accounting policies and apply them consistently.
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Make judgements and estimates that are reasonable and prudent.
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State whether the applicable accounting standards have been followed
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Prepare financial statements on an ongoing basis.
They are responsible for keeping proper records which disclose with reasonable accuracy the finances of the church at any time and to ensure that such accounts comply with the Charities Act 201 1. They also have a responsibility to safeguard the assets of the church and to take reasonable steps to detect fraud or other irregularities.
Approved by the Trustees on 10 January 2025 and signed on their behalf by:
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Grace Outreach Ministries
Accounts for the Year Ended 31 March 2025
Receipts & Payments (General Purpose Fund)
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Income Receipts | ||
| Tithes & Offerings | - | - |
| -------- | -------- | |
| Total Receipts | - | - |
| -------- | -------- | |
| Direct Charitable Expenditure | ||
| Insurance | - | - |
| Refreshments | - | - |
| Donation | - | - |
| ------- | ------- | |
| Total payments | - | - |
| -------- | -------- | |
| Net Receipts/(Payments) for the year | - | - |
| Cash Funds brought forward | 123 | 123 |
| ------- | ------- | |
| Cash Funds at the end of the year | 123 | 123 |
| ===== | ===== |
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Grace Outreach Ministries
Statement of Assets and Liabilities at 31 March 2025
Monetary assets
Cash Funds
| Unrestricted | Funds | |
|---|---|---|
| 2025 | 2024 | |
| £ | £ | |
| Cash at hand and in bank | 123 | 123 |
| ----- | ------ | |
| Total Cash Funds | 123 | 123 |
| ==== | ==== | |
| Assets Retained for the Charity’s own use | ||
| Non-monetary Assets and Liabilities | ||
| Musical Instruments & Equipment | 604 | 604 |
| Liabilities | ||
| Bookkeeping | - | - |
These accounts were approved by trustees and signed on their behalf by:
Evangelist Paul Ukah
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Grace Outreach Ministries
Notes to the Financial Statements for the year ended 31 March 2025
Accounting Policies
Basis of Accounting
These accounts have been prepared on the receipts and payments basis with all revenue and expenses shown on a cash basis. Non-monetary assets are shown at estimates of the value at the end of the year.
Funds
The CIO has a general unrestricted fund that receives voluntary donations from attendants at the services.
The CIO has no outstanding guarantees to third parties, or any debts secured on the assets of the CIO.
Public Benefit
The charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or aims that are for public benefit. Details of how this is achieved are provided in the Trustees report. The trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake.
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