Charity Numb¢r:1164314 Abllttdattt Graee Ministry Fillancial Ststemellts For the Year Ended 31 December 2023 Augu$tu8 & Co Cb&rtered Certified Accountants
Abundant Grace Mimist Index Cotttents Lcgal and AthnTnistrativ¢ Dctsils 24 Trustees Report Independent knineFs Report Statement of FitTrncial Activilies Balance Sheet 10-12 Notes to Accounts
AbuTrd411t Gr•ce Mirtist al and AdmiDistrative Detsils Trustees Maria Stroud Zajaidu Ik La Cruz Amel MaTinduque Bankers Barcl&ys Bank PIC Strdtford Branch 737 Barking Road London E13 9PL Independent Examtn A A BQafBrcwU FCCA MBA Chartered Certified Aecouniant 374 Ley Street Ilford Essex IGI 4AE Registered Address 50 Famier Road Leyton London EIO 5DH Charity Nurnb¢r: 1164314
Abuttdant Grace Minis Report of the Trustees The trugte¢s submit Ih¢ir a1Ual r¢port tog¢ther with the fancial statements for the year ended 31 December 2023. The fllMicial stAtemthts have been prcparcd in accordance with the accounting policies set out in note I to the accounts and comply with the ¢harity's trust deed, the ChaTitics Act 2011 and Accounting and Reporting by Chartties.. Statement of Recommended Practice applicable to charities prepartng their 2¢counts in wcordanc¢ with the Financial Reporting Standard applicable in the UK and R¢publi¢ of Ireland published on 16107114. Coverllillg Documeut Abundant Grace Mitiisty is an unin¢orpor8ted Charity govemed by its trust deed dated 12 April 2015. It was registered as a charity on 9 November 2015. ObJeetives The ObitiveS of the Church are for the benefit of the public: to advan¢e the Christian faith tn accordance with the Ststernent in such ways and in such rtS of the United Kingdom orthe world as the Church Council froTll t1¢ to tim¢ may think fiL to relieve sickness and fllwjcial hardsbip and to ptomote and preserve good health by the provision of funth¥ goods or services of any kind in¢ludiT]g through thc provision of counselling and support in such parts of the United Kingdom ortbe world as the Church Council from time to timethink fit. to advance educalion in such ways and in such parts of the United Kingdom or the world as the Church Council from time to time MAY think fit. AffiliatioD Abundant Grace MiEliStry is a Christian Church affiliated to Ass¢mbltes of fjod. Great Brilain who ptts¢nl aT]d the gospel of Jesus Christ. Review of A¢tlvfitles The fmancial position ofthe f¢llowship at thc cnd of the funCIal year is as detailed ID the attached fancial statements. The charity received income of £73.955 during the year. Trustees The following served as trustees during the year: Maria Stroud M5 Zenaida De La Cruz Arnel Marinduque Trustee Selection Method Trustees are appointed by resolutton of the existing trustcc br.
Abundant Grace Minist Activities aod Acbievemtnts During Ihe Year Our activities thmughout the yedr have fulfilled tlw objectivcs through: CHURCH ACTIVITtES.. The Church meets every week for the Sunday celebrntion. IrnIn. God's Word fellowship, both physically and yirtually. The Church kept the Live service on Social Media platfomi to serve people who are unable to travel to the place of wotsl)ip. The people ¢ontsnuc to gathcr in Small Groups in different locations in the UK dwing the week for Bible study. prayer and encouragement. Some groups meet ort Meswnger or Ztsi)m. These weekly meettngs provAde oppottunities for people in similar 88¢ groups and int¢r¢$ts to iK tog¢th¢r for f¢llowship and learning ihe Scriptures which are led by trained leaders. The Chureb also has regu18r leadership trainiftES. s¢minars. mcntoring and fellowship for leaders and volunteers. socL. The week]y meetings and activities f different age groups such as Me women? youth and Chil(tren continued all yearround th physically and virtually. Thc wrekly visitation and song service in a residential home continu&q. Tr s¢Thi¢e is open to all residents. slaffs and vi5lting family Jn¢mb¢rs. Anyone who are willing to join welcorne. The Church delivered Christsnas presents for all the residents and staffs Ecforc Christmas F.vG and wcre distributed on Chrtsknas Day. Everybody were excited and grnteful to T¢c¢ivcd theirpr¢scnts. Thc Churth a150 provide spiritual and moral supwrt tIoU8praYer and counselling to the residents and staff as needed. The Church continued to give &8SiStance to th¢ n¢¢dy individuals and families in the Community who eeded some help with their essential needs, helping them in their spiritual and mental needs through visitation. prayers, pastofdl Care, ¢ouTrgellin& and introduced them to iheir support groups for ¢ontinues care. Thc Church organised a three day Family Camp in July, whiGh w&8 Opd to famili¢s and fri¢nds outsiik the church wly) would wallt to join. Trre was a good turn up. Everyone had a great time. including visitors Mtho enjoyed the foods, activities and ftllowships. It was fun and a wonderful time Éo know each other and FK)nd together as God's family. YOUTH WORK.. The Children's Sunday School ¢ontinue to grow nUmenllY and spiritually. The children meet regularly every Sunday for Bible sloriesy games and crafts. and they meet in ihe park or in a house on Saturdays to do some other fun and cducataonal activities with their friends and their parents. They were encouraged io bring their friends along with them. The Youth meetings were mostly don¢ on Sundays after the worship service because most of them were busy with their studies during th¢ wc¢k. They gathered together for a chat and fellowship while they wer¢ having food iogether with their leaders. Volunteers helped and ¢nwurdged th¢ young people to engaged in ronvffsation5. di5$s1On5 artd activities during their weekly meetings. They were traincd and encouraged to get involved in media. music. hospitality and ehildren's ministry. The Church trovides inforniation and prn¢ti¢al h¢lp for them to be mentally> physicallyy socia]ly and 5PiTitually healthy.
Abundant Gr8ee Minist IlSsIoNS. The Chuwh ¢onlinu¢ to meet virMally for prayer and encouragemenL There As a daily devotion with the pastor every morning. and Tuesday night Prdyer Mccting for the Church to pray for the nations- pTaying for national and local leaders. praying for Fra. justice. order and safety in our streety cities, and some other concerns around the world. PrayuB wer¢ 81so offer¢d for indlviduals. familics and thciT specific needs. Thgse prayergatherings brought joy and spiritual strength to th¢ pcoplc knoiwing that SoMebY c&res about them 2nd their con¢¢rns. Bccause these meetings ar¢ virtual somc from other countries also join. The Church also provide supports lo th¢ less forMnat¢ in the community by giving in-kind donations to indiyiduajs and households, and contributing to other established chaTtti¢s who are already helping the poor and vulnerable in some parts of the UK and other countries. Mor¢ovcr. thc Church has contributed fthancially for the peoplc who ar¢ in war-torn counllies and to ¢ommunilies who were victims oFnatUT41 dÉsastWs. The Churcb continue giye financial support to the poor children in India through anothtt UK charity. Before the end of the year, thc Church sent 6 boxes of donated essential goods and clothing for the poor families in Naguillan, La Union. Philippines and distributed by a local church during Christmas timc. The mission of th¢ Chuwh to bring transfornlation ID the lives of the PIC by king the hands and feet of Jesus to th¢ world ¢ontinued to expand I1USh peT50nal connections, social media, the life group5. giving humanitarian aids and other means to reach more peopl¢ with thc GOLKI News Of Jttus Christ. Rcserves Pollcy The organisation has set up a building fund with the view to purchasing its own propety tn the fthure. At 31 Dcccmbcr 2023 there was free unrestrlcied res¢rv¢s of £63,600 and this will be used to support the charity's fi1¢ activities. Revieiy of Major Risks The major risk facing the organisation is reded congregation. The trustees have a duty to id¢ntify and review the risks to which the charity is exposed to ensure appropriale controls are in place to provide reasonable assurancc against fcaud and ermr. This is constantly monitored artd reviewcd. Plans for the Future Abundant Grace Ministy aims to fulfd its vision of National Transforniation by bringing the living hope and thc light of Jesus Christ to our communities one person at a tim¢. We are g¢n¢rating more fimds to fmance the expansion of the Church, rninisty in the UK and beyond. We plan to broaden the Equipping strat¢gy of thc church to train more volullt¢¢rs and work¢TS to help in thc growing needs of the ministy.
Abundant Crace Mlnffist We plan to seek for other ways to increase the Church, building fimds to be able to buy a property as a house of worship and a communal plac¢ for the community - offcring children's nursery, a family worship centre, a sports ground for all age groups, and a plac¢ of rcfugc for the homelcss, th¢ underprivileged and the refugees. How our 8Ctivities deliver public benefit Our maÉll activities and who ive ty to serve ose as described in our objectives and activities. All iyur ¢hatifabl¢ activilics focu5 on these objcctiV¢S to further our charitable purposes for the public benefit. Statement of Trustees, Responsibilities The trustees are responsible for preparing ihe Trustees, Annual Report a1 the ftharteial Stateme1 in accordance wtth applicable law and United Kingdom Accounting Standards (Unil¢d Kingdom Generally Accepted Accounting Practice). The law applicable to Charities in England & Wales requires the trustees to prepare financial statements for each fmancial year which give a true and fair view olthe slate ofatraiTh of the chaTity and of thE iDcotning resource5 and application of resources ofthe charity for that period. In preparing these financial statemeDts. the trllstees are Tll1r¢d to: a) select suitable aountIng policies and apply them consistentIy? b) observe the methcrfls and principles in the Charities SORP. ¢) Tnakc jUdg¢ts and e5timatcs that arc r¢asonable and prudent. d) stat¢ whether appli¢able &¢¢ounting standards have b¢en followe subject to any material d¢parture5 disclosed and explained in the financial statements. ) prrparc th¢ financial statements oll the going concern basis Unless it is inappropriate lo presum¢ that the charity will continue in 0ratIOn The trustee5 ar¢ r¢spon5ible for kccping propcr acrounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the fllYdnci81 st2tement% cornply with thc Charities Ad 2011. thc applicable Charities (Accounts and Reports) Regulations. and the provÈsions of the trust deed. Th¢y alw r¢sponSTble for safeguarding the &ssets of the charity and taking asOnable steps for the pievention and detection of fraud and other irregularities. The tswstees are te$EK)nsible for tbe rllaintenpnce and integrity of the chlty and the financial inforniation on the charity's website. LKgislation in the United Kingdom governing the preparation and dis5¢mination oFfJDancial statetnetLls may differ from legislation in thher jurisdictions.
AbundAnt Grace Minist Independent ExAminer Th¢ tru5t¢es intend asking the existing accountsnt to undertake the independent examination of the organisation's a¢¢owts in the following year. DeelaTItio I declar¢. in my ¢apacity of Charity trustee. that: the tnK8ttts have appmved the report above. and have authoriged me to sign on thcir bcha]f. Name: Maria Stroud. Position: Trustee Dated: 16 (ktober 2024
un t Grg¢e MSnl4 llldepeDdellt ExamiDer*$ Report to th¢ Trustees of AbundAllt Grace Millistry J T¢POrt to the trustee5 on my examination of the flnancial statements of Abundant Grace Ministy ('the charity,) for the year ended JI December 2023 which compri5c thc Statement of Fitwicial Activtti¢s. th¢ Balance Sheet and related not¢5. This rewrt 15 made solely to the charity's trustees, as a in accordance with section 145 of tbe Charities Act 2011. My work hls been undertaken $0 that I might Stalc to the charity's trusteG5 those matters I am required to slate to tIL¢tn in ihis F¢PVrt and for no other purpose. To the fidle5t extent rniitted by law, I do not accept or &ssume reswnsibility 10 anyone other than the clllrity and the charity's tsustees as a FM)dy. for my worL for this report. or for the opinions I have forni¢d. Re$poD$lbiliti¢s and 51$ of report A5 the trustees of the charity? you are resrA)nsible for ihe preparation of the financial statements in accordanee with the requirements of the Charities Act 2011 ('the Act.). I TCPOrt in respect of my examination of the charity's financial statements ¢arried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Dire¢tions given by the Charity Cou]Tnission under scction 145(5Xb) of the ACL An indcpcnd¢nt examination does not involve gathering all the evidence that would be required in an audit and ¢onsequ¢ntly &Jes not cover all Éh¢ matters that an auditor considers in giving their opinion on the financial statements. The planning and conduct of an audit goes ixyond the litniled assuraJKe that an independent examination can provide. Consequently l express no opinion as to whether the fll]ancial statements pr¢s¢nt a 't and fair. view and my report is limited to those specific mattets set out in th¢ in(kp¢ndent ¢xaminer's Statement. Independent exaJniDer's statement If the charity's gross income exceeds £250.000 your &Ydmtner must be a member of a body li%ted in section 145 of the 2011. Thc charity's income for the year was below this threshold. I confirni that I am qualified to un(krtak¢ wlninatson b¢caus¢ l am a m¢mber of ACCA. which is one of the listed bodies. I have completed my examination. I conffftn that no rnal¢rial mattcrs have come to my attention in onrtttion wtth the examination giving me traus¢ to b¢li¢v¢ that in any material i¢spe¢i: accounting rewrds weT¢ Th)t kept in Te5pect of the clwity as required by sectioft 130 of the
the fll]ancial 5tst¢TllCllts do not accord with those records; or the financial statcm¢nts do not comply with the 4)pliable trquirements concerning the fomi and content of 1CoUnt Set out in Ih¢ Charitie5 (Accounts and Reports) Regulatio 2008 other than any Tequirement that the accounts give & 'true and fair view which is not a matter Considered &s part of an Éndw¢nd¢nt cxamination. I have no concerns and have corne acros5 no othrr T[ttEr5 in connection ivith the examination to whtch &ttention should be drawn in this report itL order to enable a proper understanding of the financial 5Éatements to be reached. A A Boafo-Brewu (FCCA MBA) D74 Ley Strect Ilford Esscx IGI 4AE Augustus & Co Dated: Octobtt 2024
Abrfant Grace Mlnl$try Statement of Flnanclal Actlvltles Year Ended 31 DocembBr 2023 Unre¥tr"t¢tsd Re¥lncleol Totsl 2023 Totsl 2022 Incomo fr(xn-. Voluntary inuJm8." donation5 Bank in¢ere8t recwe Total 73,590 60.761 365 80.769 Expendlturo on: Charitabl8 aclfvikn88 Total 58.708 58.708 57.024 57,024 58,708 Nèt Movtrn9nts in fv[s 15.247 IS247 3,745 Rnliation offvnds.. ReconlF¥$i0n of funds rolal Ivr¥Js bmughtforwatd at01101r2U23 7.116 61.720 Total fvnds carf1 *18rd at 3111212023 73.596 7.116 80.712 65.465 The notes on pages 10 to 12 fomi partof these finandal stat•m8n
Abundant GrAee Mlnl¥try Balance Sheet at 31 December 2023 N(Ae 223 2022 Flxod Assots T8ng>le Fixed Assets 9.996 11,995 Current As¥•ts Debtors Cash at bank and in h8nrl 73.964 73,964 ,209 56,209 Cr•dltors: Amounts falllng duo wlthln ong ygar 3.248 3,248 2.739 2.739 Net current assets 70.716 53,470 Total ass8ts less curreftt t8blKti69 80,712 65.485 Net ass•ts 80.7f2 65,465 Represented by: Reslrided fvnd Unr8strictÈd fund 7,118 73.598 80,712 7,116 59.349 66,465 The finandal statements appmed by thè truste8 on 16 Odober 2024 arwj signed tts bohaw ty. Illarla Stroud (Trustsel The notes on pages 10 to 12 fom part of thesè ffinanci8] statèm8nts.
Abund•nt Grace Mlnlstry Notes To Aocounts Yoar Ended 31 December 2023 1. 1. A¢¢ountlng eonventlon Tr rthanci81 statanents have been prepard under the histori¢al cost convention with items recognised at cost or tra[ti0Th value unl9 othcThYis¢ stated in the relevant notels) to Ih¢s¢ accounts. The fittatL¢ial stat¢[nt$ ha been prepar accoTdHn(e wÈlh the StateTll¢llt ot Recollunended Practice.. Accoulliiog and Reporting by Chariti¢s prewdring th¢ii acci>uu15 in ocr(thre th the Fin8mcial R¢potting Standard applicable ill the UKond Republic of Ireland IFRS 102} issued on 16Jllly 2014 and iht Finartcia] Reponing Stsndard applicable in tlt¢ United Kingdo]n and Republic of Irela1 IFRS 1021 aJ]d the Charities Acl 2011. 1. 2. In¢omSng Resources Donations r818tè lo amourts receivabkn duong the yeai. 1.3. Capital Ornnts Grants towards ¢apital expendituw am cradited to a dèferred tAPital grani and leased to In¢x>me and Expenditure accourrt over the expected lives ofthe assets. The amount released 8quals th8 48preciation charge. 1.4 Restricted Funds Rstricled funds are to be used for specific purposes 8$ deeAdÈd bythe trustees. Expendituie which meets tIMs criteria is charged lo the fund. 1.5 UnrestriGtsd Fund¥ Unreslrictéd funds are donations and other incoming resour receivable or generatsd for Ihe objects of the charity without further speaffi8d purpos8s and arè sv811ab as gÈneral fijnds. 2. Tru$tee¥ One of the trustees (since resigned) who was the pastor recelved pastoral house payments of £5,IX•) th8 y88r bèforè rÉ8ignation. 3. Voluntary Income Unrestricted Restiicted Total Total 2023 2022 Tithes ond off¢ring Missions Birthday Jesus HMRC-GiftAid Building fund Total Incomlng Rèsouree$ 61,246 61,246 46,199 1.590 100 12.727 145 60.761 12.344 12,344 73.59) 73.590 10
Abundant GraG• Mlnl8try Notes to Accounts Yoar End•d 31 Oecember 2023 Charttablo actlvltleg Un-restric4ed Reslricbj FuThY FuTrJ Total 2022 2023 Rent And Utilities Church Supplies confèrèn And TF8inirg Expen585 Love Gifts Wages and Salaries Depfeciation Of FtureS And Fittings Depreciation Of Motorvehides Tra1119 and Motor Exwses Insuranc Hospitalty SLJserfptions Stationery and Printing Goveman c&)8ts (per note 51 17,558 1.227 340 11,810 18.822 399 17.558 1,227 16,341 74 11,810 18.822 399 19.134 399 4.529 382 787 4.529 382 787 2.587 374 3.249 114 1,140 58.708 114 1.140 58.708 1,140 57,024 5. Governance cost un.r8str¢rt Restricbj Fund Total 2023 2022 Legal and Prof8ssional Indgpendent Exarninetts Fees 180 180 1,140 1.140 1.14Q . Stsff Co¥t8 2023 2022 Wages and salaries 18,822 19.134 18.S22 19,134 No 8rnploè eamed in exc of £6[).0 Avèragè head CA)unt in ihe year
Abundant Grace Ministry Notes To Ac¢ounts Yèar Endod 31 December 2023 7. Flxgd Assots Fumlture Fixtirros & Equipment Motor Vehicle Tolal Cost Al 1 January 2023 Addilion Disposal At 31 December 2023 15.999 17.992 15.999 17.992 Depreciation Al 1 January 2023 Charge for the year Disposal At 31 t)e¢emb&r 2023 1.197 4.800 1,6CK) 5.997 1.596 Nel Book Vafue-. At 31 0eGombef2023 At 31 December2022 397 9.599 11,199 9.996 11,995 8. Cr•dltors: Amounts falllng duÈ wlthln on• y••r 2023 2022 Accruals Paye & National Insurance 2.288 3.248 1.779 2,739 9. Analysis of ngt assots bth•8n funds Fixed Tolal Cutrenl Assets R8strict8d Funds Unreslrided Funds 7,116 63.600 70.716 7,116 73,5 80.712 9,996 9.996 RestrICt fun(ts: This is a fd set up by th8 trust88s for spècific purposes. 10. Rèlated Party tranga¢tiorts There were no relaled party trans¥tions In tho year 12