ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
ALTAR OF GRACE PENTECOSTAL MINISTRY
CHARITY REGISTRATION NUMBER: 1170950
Gift Aid Services Ltd 63 Wansford Road Woodford Green Essex IG8 7AD
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ALTAR OF GRACE PENTECOSTAL MINISTRY
| INDEX Index Legal & Administrative Trustee’s Report Independent Examiner’s Report Receipts and Payments Account Statement of Assets and Liabilities Notes on the Financial Statements |
Page 2 3 4-7 8 9 10 11 |
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ALTAR OF GRACE PENTECOSTAL MINISTRY
LEGAL AND ADMINSTRATIVE INFORMATION
CHARITY NUMBER 1170950
END OF FINANCIAL YEAR 31 DECEMBER 2024
TRUSTEES AT 31 DECEMBER
MR NANA KWESI GYEDU MISS CHARITY DWAMENA MR EMMANUEL GYEDU
GOVERNING DOCUMENT CHARITABLE INCORPORATED ORGANISATION CIO
REGISTERED ADDRESS 4 BERKING AVENUE LEEDS LS9 9LF
PRIMARY BANKERS BARCLAYS BANK PLC
INDEPENDENT EXAMINERS GIFT AID SERVICES LTD 63 WANSFORD ROAD WOODFORD GREEN ESSEX IG8 7AD
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ALTAR OF GRACE PENTECOSTAL MINISTRY
TRUSTEES REPORT FOR YEAR ENDED 31 DECEMBER 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing Document
Altar of Grace Pentecostal Ministry is charity created by CIO and is a registered charity with the Charity Commission.
Aims and Objectives
The charity is established to provide an enabling environment for worshipping God, and to advance the Christian faith. This is achieved by evangelizing the community, demonstrating the power of God and fellowshipping with one another, baptizing and teaching the saints the word of God from the Bible.
The objectives are
- The advancement of the Christian Faith for the benefit of the public through the holding of prayer meetings, lectures, producing and or distributing literature on Christian Faith to enlighten others about the Christian religion.
Activities
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Regular outreach programmes are organized to witness to the members of the public.
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Weekly bible studies and discussions.
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Weekly prayer meeting, praying for the community, governments and members.
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ALTAR OF GRACE PENTECOSTAL MINISTRY
REPORT OF THE TRUSTEES FOR THE PERIOD ENDED 31 DECEMBER 2024
The following is an account of the activities, events and general progress of Altar of Grace Pentecostal Ministry.
The Ministry continues to establish and develop which is, at present is its primary activity.
GENERAL INFORMATION
The Charity continues to meet at 4 Berking Avenue, Leeds,LS9 9LF.
MEMBERSHIP
Registered membership of the Church has grown within this period.
NURTURING THE CHURCH
Weekly prayer meeting and bible studies are held weekly.
OTHER ACTIVITIES
The church organized an outreach in the community where the Christian faith was shared through the giving out of Christian tracks.
SUPPORT TO OTHER CHARITABLE ORGANISATIONS
Altar of Grace Pentecostal Ministry is committed to supporting agencies and projects which carry out valuable and essential services by way of donations to charities suggested by the membership.
TRUSTEE MEETING
The trustees held meetings during which the progress of the Church was discussed and plans to increase the church numbers of activities in the Community was also discussed.
CONCLUSION
The commitment of the members to the vision of Altar of Grace Pentecostal Ministry has allowed us to maintain a vibrant and healthy environment for spiritual and natural growth. We are proud of this growth and we thank God for it.
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ALTAR OF GRACE PENTECOSTAL MINISTRY
Conclusion
The members of Altar of Grace Pentecostal Ministry are committed to the vision of the Church. The commitment and dedication of the members has created such enabling environment in community, and therefore given us more opportunities to socialize for better growth.
Financial Review and Reserves Policy
The income of the charity for the year was £32,122 by way of Donations.
The cost of charitable activities was £29,711 . This was spent directly and indirectly to support the charities activities. At the end of the year there was a favorable net movement of funds amounting to £2,411 . At the end of the year, 31 December 2024, there was an unrestricted fund balance amounted to £24,705 . The charity’s policy is to retain reserves, in the form of unrestricted funds, to a level where they equate in value approximately 12 months expenditure. This should provide a reasonably secure financial base on which to plan future projects and commit to related expenditure, before external funding has been fully secured. The charity is reviewing its reserves policy so that the charity would be able to continue its current level of activities in the event of a significant drop in funding.
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ALTAR OF GRACE PENTECOSTAL MINISTRY
Charity Examiners
It was agreed to appoint Olivia Gerrar as the Independent Examiner.
Approved: By the Trustees…………………………... Dated …………………………
STATEMENT OF TRUSTEES RESPONSIBLITIES
Under the Charities Act 1993, the trustees are required to prepare a statement of accounts for the accounting year which gives a true and fair view of the state of the church. They are required to
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select suitable accounting policies and apply them consistently.
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make judgments 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 charity at any time and to ensure that such accounts comply with the charities Act 1993. They also have a responsibility to safeguard the assets of the church and take reasonable steps to detect fraud or other irregularities.
Approved by the Trustees on …………………………… July 2025 and
Signed on their behalf by:………………………………………………, Trustee.
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ALTAR OF GRACE PENTECOSTAL MINISTRY
INDEPENDENT EXAMINER REPORT TO THE TRUSTEES OF ALTAR OF GRACE PENTECOSTAL MINISTRY
I report on the accounts of the Charity for the year ended 31 December 2024, which are set out on the following pages which have been prepared on the basis of the accounting policies shown in the corresponding pages.
Respective responsibilities of trustees and examiner
The trustees of the charity are responsible for the preparation of accounts: they consider that the audit requirement under section 43(2) of the Charities Act 1993 (the 1993 Act)), does not apply. It is my responsibility to:
Examine the accounts under section 43(3) of the 1993 Act.
Follow the procedures laid down in the General Directions given by the Charity Commissioners made under section 43(7)(b) of the 1993 Act, and
State whether particular matters have come to my attention.
BASIS OF INDEPENDENT EXAMINERS REPORT
My examination was carried out in accordance with the General Direction given by the Charity Commissioner’s. An examination included a review of the accounting records kept. It also includes consideration of any unusual items of disclosures in the accounts. And seeking examinations from you as trustees concerning any matters.
The procedures undertaken do not provide all the evidence that would be required in an audit, and as a result I do not express an audit opinion on the view given by the accounts.
Independent Examiner’s Statement
In accordance with my examination, no matter has come to my attention:
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which gives me a reasonable cause to believe that in any material respect the requirements:
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to keep accounting record in accordance with section 41 of the 1993 Act and
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to prepare which accord with the accounting records and to comply with the accounting requirements of the 1993 Act.
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Have not been met
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To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Olivia Gerrar Gift Aid Services Ltd 63 Wansford Road Woodford Green Essex IG8 7AD
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ALTAR OF GRACE PENTECOSTAL MINISTRY
A CCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024
Receipts & Payments Account (General Purpose Fund)
| Income Receipts | £ |
|---|---|
| Tithes & Offering | 31,122 |
| Total Receipts |
31,122 |
| Direct Charitable Expenditure | £ |
| Rent & Hall Hire | 7,568 |
| Travel expenses | 1,641 |
| Maintanenace | 9,008 |
| Miscellanous | 4,159 |
| Utility Bills | 618 |
| Support cost |
4,053 |
| Total Payments | 29,711 |
| Net Receipts/Payments for the year | 2,411 |
| Cash Funds brought forward |
22,294 |
| Cash Funds at the end of the year | 24,705 |
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ALTAR OF GRACE PENTECOSTAL MINISTRY
- Statements of Assets and Liabilities at 31 December 2024
Cash Funds Unrestricted Funds 2024 £ Bank 24,705 Total Cash Funds 24,705 Assets Retained for the Charity’s Own Use Equipment - Liabilities Accounting fee 200
Approved by the Trustees and signed on their behalf
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ALTAR OF GRACE PENTECOSTAL MINISTRY
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
ACCOUNTING POLICIES
Basis of Accounting
These accounts have been prepared on the receipts and payment basis under section 42(3) of the Charities Act 1993.
Funds
Unrestricted funds are those which can be used at the Trustee’s discretion. Restricted Funds are those whose purposes have been restricted by the donor.
Employees
The charity had no employees during the financial year. All work was undertaken by volunteers.
Public Benefit
The charity acknowledges its requirement to demonstrate clearly that it must have charitable purpose or aims that are for the public benefit. Details of how this is achieved is provided in the trustee’s 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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