Trustees' Annual Report for the period
Period start date Period end date Day Month Year Day Month Year From 01 Apr 2022 To 31 Mar 2023
Section A Reference and administration details
Charity name Living Grace Ministry Other names charity is known by Registered charity number (if any) 1173666 Charity's principal address 5 Paisey Grove Salisbury Wiltshire Postcode SP2 9FF
Living Grace Ministry
Names of the charity trustees who manage the charity
| 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 |
Trustee name | Office (if any) | Dates acted if not for whole **year ** |
Name of person (or body) entitled to appoint trustee (ifany) |
|---|---|---|---|---|
| Earl Bent | ||||
| Marlon Stoner | ||||
| Natalee Stoner | ||||
| Michael Williams | ||||
Names of the trustees for the charity, if any, (for example, any custodian trustees)
Name Dates acted if not for whole year
TAR
March 2012
1
Names and addresses of advisers (Optional information)
| Names and addresses of advisers (Optional information) | Names and addresses of advisers (Optional information) | Names and addresses of advisers (Optional information) |
|---|---|---|
| Type of adviser Name Address |
||
| N/A | ||
| Name of chief executive or names of senior staff members (Optional information) | ||
Section B Structure, governance and management
Description of the charity’s trusts
Constitution
Type of governing document (eg. trust deed, constitution) Charitable Incorporated Organisation How the charity is constituted
- (eg. trust, association, company)
Trustee selection methods
Voting Members
- (eg. appointed by, elected by)
Additional governance issues (Optional information)
You may choose to include additional information, where relevant, about:
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policies and procedures adopted for the induction and training of trustees;
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the charity’s organisational structure and any wider network with which the charity works;
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relationship with any related parties;
Trustees must have regard to the skills, knowledge and experience needed for the effective administration of the CIO. All Charity Trustees must subscribe and adhere to, in belief and lifestyle, the Statement of Faith.
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The spiritual government and leadership of the Church Fellowship for the purposes of which the CIO has been established shall remain with the Spiritual Leadership and to the extent to which the Charity Trustees are not synonymous with the Spiritual Leadership their powers shall be confined to the proper management and administration of the CIO in accordance with the provisions of this Constitution and in furtherance of the Objects and in so doing they shall have full and proper regard to the Spiritual Leadership provided always that they shall not act outside their powers as conferred by this Constitution and by general law.
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trustees’ consideration of major risks and the system and procedures to manage them.
Section C Objectives and activities
The Objects of the CIO are, for the public benefit:
the advancement of the Christian faith in Salisbury, Wiltshire and such Summary of the objects of the other areas of the United Kingdom and the world as decided by the charity set out in its Charity Trustees; and governing document
the relief of persons who are in need or distress by reason of financial hardship, unemployment, disability, ill-health and such other economic or social disadvantage.
TAR
March 2012
2
We have donated food to the trussell Trust food bank.
We provided financial assistance to support parents to send their children to school.
We provided financial contributions to support families that attend church who are experiencing financial hardship.
We provided single parents with a network where they can access support and guidance for raising their children.
Summary of the main activities undertaken for the There are several personnel within the church that volunteer in public benefit in relation to supporting hospitals and adult services. these objects (include within this section the statutory We support member of the church who are unemployed. declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit)
Additional details of objectives and activities (Optional information)
Do anything else within the law which is incidental and conducive to the Objects.
You may choose to include and further statements, where relevant, about:
Deposit or invest funds, employ a professional fund-manager and arrange for the investments or other property of the CIO to be held in the name of a nominee, in the same manner and subject to the same conditions as the trustees of a trust are permitted to do by the Trustee Act 2000; and
Do anything else within the law which is incidental and conducive to the Objects.
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policy on grantmaking;
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policy programme related investment;
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contribution made by volunteers.
TAR
March 2012
3
Section D Achievements and performance
Summary of the main achievements of the charity during the year
We are currently raising funds to build a place of worship for us to fellowship (church).
Children within the church are sponsored to go back to school.
We have supported personnel who are experiencing financial difficulties within the church.
We have provided support for children who are preparing for their GCSE by providing a trained teacher who offers tutorials and revision classes.
We have also provided emotional support to personnel who are experiencing issues in their personal lives through the current recession.
We have provided financial and emotional support for single parents in the church.
TAR
March 2012
4
Section E Financial review
All savings are kept in the bank.
Brief statement of the
charity’s policy on reserves
Details of any funds materially in deficit
N/A
Further financial review details (Optional information)
You may choose to include additional information, where relevant about:
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the charity’s principal The principal sources of funds are collections of tithes, offering and fund sources of funds (including raising. Funding raising includes gospel concerts, various functions and any fundraising); activities.
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how expenditure has supported the key objectives We have supported the community by donating food, money, clothing,
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of the charity; provide personal assistance to those in need and we have donated to
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• investment policy and other Charites. objectives including any ethical investment policy adopted. N/A
Section F Other optional information
Hard copy of the external audit report to follow.
Section G Declaration
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
Signature(s)
Full name(s) Natalee Stoner Position (eg Secretary, Chair, Chair etc)
Date 22 Jan 24
TAR
March 2012
5
| LIVING GRACE MINISTRY | LIVING GRACE MINISTRY | No (if any) | ||
|---|---|---|---|---|
| Receipts andpayments accounts | CC16a | |||
| For the period from |
01-Apr-22 | 31-Mar-23 To |
| Section A Receipts and payments | Section A Receipts and payments | Section A Receipts and payments | ||||||
|---|---|---|---|---|---|---|---|---|
| A1 Receipts | Unrestricted funds to the nearest £ 1651.5 40995.23 0 0 9674.27 0 52,321 - - - 52,321 180 319.06 1362 790 6642.52 531.93 7334.09 2211.75 720 1320 520 1403.48 70.2 102.03 0 23,507 - - - 23,507 28,814 |
Restricted funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - |
Endowment funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - |
Total funds to the nearest £ - 1,652 40,995 - - 9,674 - 52,321 - - - 52,321 180 319 1,362 790 6,643 532 7,334 2,212 720 1,320 520 1,403 70 102 - 23,507 - - - 23,507 28,814 - 81,980 110,794 |
Last year to the nearest £ |
|||
| Balance C/F | ||||||||
| Offering | 1651.5 | 1,533 | ||||||
| Tithes | 40995.23 | 33,562 | ||||||
| BuildingFund | 0 | 170 | ||||||
| Seed | 0 | 110 | ||||||
| Gift Aid | 9674.27 | 8,232 | ||||||
| Bank Deposit | 0 | |||||||
| Sub total(Gross income for AR) |
52,321 |
43,607 | ||||||
| A2 Asset and investment sales, (see table). |
||||||||
| - | ||||||||
| - |
- | |||||||
| ~~Sub total~~ | - | |||||||
| Total receipts A3 Payments |
||||||||
| 43,607 | ||||||||
| Accountant Fee | 180 | 180 | ||||||
| Courses/Training | 319.06 | 508 | ||||||
| Rent | 1362 | 443 | ||||||
| Music | 790 | 1,817 | ||||||
| Land Management Fee | 6642.52 | 11,754 | ||||||
| Insurance | 531.93 | 302 | ||||||
| Donations | 7334.09 | 6,064 | ||||||
| Fixed Asset - Laptop,Keyboard | 2211.75 | |||||||
| Marketingand Stationery | 720 | |||||||
| Land development | 1320 | 10,003 | ||||||
| Website Improvement | 520 | |||||||
| Gift | 1403.48 | |||||||
| Travel | 70.2 | |||||||
| Small equipment | 102.03 | - | ||||||
| Miscelleous | 0 | 312 | ||||||
| **Sub total ** | 23,507 | 31,383 | ||||||
| A4 Asset and investment purchases, (see table) |
||||||||
| - | ||||||||
| - | ||||||||
| **Sub total ** | - | - | ||||||
| Total payments Net of receipts/(payments) A5 Transfers between funds A6 Cash funds last year end Cash funds this year end |
||||||||
| 31,383 | ||||||||
| 28,814 | - | - | 28,814 | 12,223 | ||||
| - | - | - | - | - | ||||
| 81980.38 | - | - | 81,980 | 69,757 | ||||
| 110,794 | - | - | 110,794 | 81,980 |
CCXX R1 accounts (SS)
22/01/2024
1
| Section B Statement of assets and liabilities at the end of the period | Section B Statement of assets and liabilities at the end of the period | Section B Statement of assets and liabilities at the end of the period | |
|---|---|---|---|
| Categories Signed by one or two trustees on behalf of all the trustees B5 Liabilities B3 Investment assets B2 Other monetary assets B4 Assets retained for the charity’s own use B1 Cash funds |
Details Details Total cash funds (agree balances with receipts and payments account(s)) Bank account Details Details Land Keyboard Laptop Details N.Stoner Signature E. Bent |
Unrestricted funds Restricted funds to nearest £ to nearest £ 110,794 - - - - - 110,794 - OK OK Unrestricted funds Restricted funds to nearest £ to nearest £ - - - - - - - - - - - - Fund to which asset belongs Cost (optional) - - - - - Fund to which asset belongs Cost (optional) 168,000 1,232 980 - - - - - Fund to which liability relates Amount due (optional) - - - - Print Name Earl Bent Natalee Stoner |
Endowment funds to nearest £ |
| - | |||
| - | |||
| - | |||
| - | |||
| OK | |||
| Endowment funds to nearest £ |
|||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| Current value (optional) |
|||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| Current value (optional) |
|||
| 220,000 | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| When due (optional) |
|||
| Date of approval |
|||
| E. Bent | Earl Bent | 19-Dec-23 | |
| N.Stoner | Natalee Stoner | 19-Dec-23 |
CCXX R2 accounts (SS)
22/01/2024
2
REPORT OF THE INDEPENDENT EXAMINER TO THE TRUSTEES OF LIVING GRACE MINISTRY (CHARITY NO 1173666)
I have examined the financial statements of Living Grace Ministry (1173666) for the year ended 31[st] March 2023 which comprise the Receipts and Payments account, Statement of Assets and Liabilities, and accompanying detail.
Respective Responsibilities of the 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 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.
It is my responsibility to:
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Examine the accounts under section 145 of the Charities 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 Charities Act, and
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To state whether particular matters have come to my attention.
Basis of Independent Examiner's Statement
My examination was carried out in accordance with 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 the 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 statement below.
Independent Examiner's Statement
In connection with my examination, no matter has come to my attention:
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which gives me reasonable cause to believe that in, any material respect, the requirements: • to keep accounting records in accordance with section 130 of the Charities Act; and • to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met; or
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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.
Anna Sharlott EP Tax Unit 2D Castledown Business Park Ludgershall SP11 9FA
18/01/2024
REPORT OF ACCOUNTING RECOMMENDATIONS TO THE TRUSTEES OF LIVING GRACE MINISTRY (CHARITY NO 1173666)
Please review our recommendation from the year ending 31/03/2023 to ensure correct accounting treatment is applied. Please note that points 1, 2 and 3 have previously been recommended but have not been applied.
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1) Any donations should be properly documented, either through minutes or via an official sign-off procedure with corresponding paperwork.
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2) Cash income and cash expenses should be categorised separately within the accounts and not netted off to cash received into the bank. Please can you ensure this is actioned on next year’s accounts. Please speak to us if you would like some assistance on this.
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3) There was a difference between the donations received into the second bank account and the amount into the main bank account of £147.00. Please can you ensure that on future returns the amount received from Tithes into the second bank account is the amount reported on the accounts. (You have reported the amount transferred to the main bank account from the second bank account which is different from the amount actually received.)
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4) The bank statement showing the transfer to K S Shipping would not be considered by HMRC as an acceptable receipt.