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← Living Grace Ministry

2024-03-31-accounts

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Trustees' Annual Report for the period

Period start date Period end date Day Month Year Day Month Year From 01 Apr 2023 To 31 Mar 2024

Section A Reference and administration details

Charity name Other names charity is known by Registered charity number (if any) 1173666 Charity's principal address 5 Paisey Grove

Living Grace Ministry

Salisbury Wiltshire Postcode SP2 9FF

Names of the charity trustees who manage the charity

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20		 Trustee name Office (if any) Dates acted if not for whole
year		 Name of person (or body) entitled
to appoint trustee (if any)
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) 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

Trustee selection methods

Voting Members

Additional governance issues (Optional information)

You may choose to include additional information, where relevant, about:

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.

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.

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 who are experiencing financial hardship.

We provided single parents with a network where they have access to support and guidance for raising their children.

Summary of the main activities undertaken for the There are several personnel within the church who volunteer to support public benefit in relation to hospitals and adult services. these objects (include within this section the statutory We support members 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.

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 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 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.

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:

The principal sources of funds are collections of tithes, offering and fund raising. Funding raising includes gospel concerts, various functions and activities.

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) N.Stoner

Full name(s) Natalee Stoner

Position (eg Secretary, Chair, Chair etc)

Date 22 Nov 24

TAR

March 2012

5

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LIVING GRACE MINISTRY LIVING GRACE MINISTRY No (if any)
Receipts and payments accounts CC16a
For the period
from		 01-Apr-23 31-Mar-24
To
Section A Receipts and payments Section A Receipts and payments Section A Receipts and payments
A1 Receipts Unrestricted
funds
to the nearest £
2326
42271
0
0
11058
25

55,680
-
-
-
55,680
216
2376
3781
1478
7496
504
5701
0
115
11778
0
80
0
300
131
50
34,006
-
-
-
34,006
21,674		 Restricted
funds
to the nearest £
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Endowment
funds
to the nearest £
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Total funds
to the nearest £
-
2,326
42,271
-
-
11,058
25
55,680
-
-
-
55,680
216
2,376
3,781
1,478
7,496
504
5,701
-
115
11,778
-
80
-
300
131
50
34,006
-
-
-
34,006

21,674
-
110,794
132,468		 Last year
to the nearest £
Balance C/F
Offering 2326 1,652
Tithes 42271 40,995
BuildingFund 0 -
Seed 0 -
Gift Aid 11058 9,674
Flyer 25 -
Sub total(Gross income for
AR)
55,680		 52,321
A2 Asset and investment sales,
(see table).
-
- -
Sub total -
Total receipts
A3 Payments
52,321

Accountant Fee		 216 180
Courses/Training/Church Program 2376 319
Rent 3781 1362
Music 1478 790
Land Management Fee 7496 6643
Insurance 504 532
Donations 5701 7334
Fixed Asset - Laptop,Keyboard 0 2212
Marketing,Stationeryand Flyer 115 720
Land development 11778 1320
Website Improvement 0 520
Gift/Misc 80 1403
Travel 0 70
VisitingPastor 300 0
Premises expenses 131 0
Small equipment/SundaySchool 50 102
**Sub total ** 34,006 23,507
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
23,507
21,674 - -
21,674		 28,814
- -
- - -
110794 - - 110,794 81,980
132,468 - - 132,468 110,794

CCXX R1 accounts (SS)

13/11/2024

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
B4 Assets retained for the
charity’s own use
B3 Investment assets
B2 Other monetary assets
B1 Cash funds		 Signature
E. Bent
N.Stoner
Details
Details
Land
Keyboard
Laptop
Details
Total cash funds
(agree balances with receipts and payments
account(s))
Details
Details
Bank account
Second Bank account		 Unrestricted
funds
Restricted
funds
to nearest £
to nearest £
132,243
-
262
-
-
-
132,505
-
Agreement Error
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 27-May-24
N.Stoner Natalee Stoner 27-May-24

CCXX R2 accounts (SS)

13/11/2024

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 2024 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:

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:

  1. which gives me reasonable cause to believe that in, any material respect, the requirements: 1 to keep accounting records in accordance with section 130 of the Charities Act; and 2 to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act 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.

Anna Sharlott EP Services Limited Unit 2D-2E Castledown Business Park Ludgershall

SP11 9FA

27/08/2024

REPORT OF ACCOUNTING RECOMMENDATIONS TO THE TRUSTEES OF LIVING GRACE MINISTRY (CHARITY NO 1173666)

Please review our recommendation from the year ending 31/03/2024 to ensure correct accounting treatment is applied.

1)

1) Any donations should continue to be properly documented, either through minutes or via an official sign-off procedure with corresponding paperwork. We recognise that there has been a significant improvement in the official paperwork to verify donations.

2)

Upon reviewing the cash

book, we can see that the record keeping has been improved compared to previous years. However, we further advise that the cash book is kept digitally and not manually. A template digital cash book has been provided to the Treasurer.

4)

Please ensure that any

expenses reimbursed to members will require prior approval by two trustees and will only be paid on the production of a valid receipt. This will ensure that there are no missing receipts going forward.

5)

We have advised that a

separate description is used for ‘events’ to improve the charity’s monitoring of its expense categories.

6)

We will require our

recommendations to be signed by three senior members of the charity.

Signatures

NATALEE ROSE STONER: ………N.Stoner…………………. Date: 13/11/2024

MARLON GARWAYNE STONER: ……M.Stoner……………………. Date: 13/11/2024 EARL MCKENZIE BENT: ………E.Bent…………………. Date: 13/11/2024

MICHEAL WILLIAMS: ………M.Williams…………………. Date: 13/11/2024