Trustees’ Annual Report for the period
From 1/11/2021 Period start date To 31/10/2022 Period end date
Charity name: Grace Community outreach Centre
Charity registration number:1174215
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | To proclaim the gospel of salvation in Jesus Christ To alleviate the sufferings and needs of humanity near and far To educate and empower spiritual, financial, mental and physical well being |
| Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. |
Para 1.17 and 1.19 |
We carry out conferences, seminars on a regular basis We engage the community through culture, music and family oriented activities We provided mentoring especially to young people in the area of career, We undertook Leadership training |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | This is to confirm that the trustees are aware |
Additional information (optional) You may choose to include further statements where relevant about:
SORP reference |
||
|---|---|---|
| Policy on grant making | Para 1.38 | While we do not formally undertake grant making we have often found ourselves providing for the basic needs of at risk individuals such as single mums, asylum seekers, new immigrants who are trying to integrate into the British society. Its on a first come first serve basis and the needs are assessed by a team of leaders using a simple triage system to ensure that the most vulnerable are catered for first. |
| Policy on social investment including program related investment |
Para 1.38 | This is in our future plans |
| Contribution made by volunteers |
Para 1.38 | We encourage giving online to simply our accounting methods and for transparency, we provide a yearly annual report to members detailing income and expenditure |
| Other |
Achievements and Performance
| SORP reference | ||
|---|---|---|
| Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. |
Para 1.20 | This was a difficult period for many especially due to the Covid pandemic We had a 50% increase in calls for counselling and support, especially as regards to finances and mental health Our online audience and participation increased by 300% Our youth mentoring group increased from 30-100 teenagers ( this is done in collaboration with other charities) |
Additional information (optional) You may choose to include further statements where relevant about:
Achievements against objectives set |
Para 1.41 |
|
|---|---|---|
| Performance of fundraising activities against objectives set |
Para 1.41 | |
| Investment performance against objectives |
Para 1.41 | |
| Other |
Financial Review
| Financial Review | ||
|---|---|---|
| Review of the charity’s financial position at the end of the period |
Para 1.21 | We saw an overall increase by almost £2000 in income received compared to the previous year. |
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | This is necessary because we often have to deal with people in need and so as much as possible there is always a reserve for such help. Sometimes £50 can make the difference between a family going hungry for a week |
| Amount of reserves held | Para 1.22 | This is shown in the accounts for the same period |
| Reasons for holding zero reserves |
Para 1.22 | Not applicable |
| Details of fund materially in deficit |
Para 1.24 | |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 | No concerns , we have a strong base of donors , who are convinced of the work we do and commit to giving on a regular basis |
| Additional information (optional) You may choose to include further statements where relevant about: |
Additional information (optional) You may choose to include further statements where relevant about: |
Additional information (optional) You may choose to include further statements where relevant about: |
|---|---|---|
| The charity’s principal sources of funds (including any fundraising) |
Para 1.47 | Primarily members giving. Also we have started to access community grants and we were nominated by a larger charity We are also looking into training up staff to apply for funding which may be available nationally eg Banks, and comic relief. |
| Investment policy and objectives including any social investment policy adopted |
Para 1.46 | None as yet |
| A description of the principal risks facing the charity |
Para 1.46 | we have a very resilient team and depend heavily on volunteers. We need to evolve having some paid staff. We also need our own building to operate from as equipment are being damaged as a results of packing and storage |
| Other |
Structure, Governance and Management
| Description of charity’s trusts: |
||
|---|---|---|
| Type of governing document (trust deed, royal charter) |
Para 1.25 | Trust |
| How is the charity constituted? (e.g unincorporated association, CIO) |
Para 1.25 | CIO |
| Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees |
Para 1.25 | Same trustees from inception, must be person of good standing and character within the community. Selection and appointment undertaken. |
Additional information (optional)
You may choose to include further statements where relevant about:
Policies and procedures adopted for the induction and training of trustees |
Para 1.51 |
|
|---|---|---|
| The charity’s organisational structure and any wider network with which the charity works |
Para 1.51 | |
| Relationship with any related parties |
Para 1.51 | |
| Other |
Reference and Administrative details
| Charity name | Grace Community Outreach Centre |
|---|---|
| Other name the charity uses | |
| Registered charity number | 1174215 |
| Charity’s principal address | 21 Penrith Avenue Sale Cheshire M33 3FN |
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 |
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) | Office (if any) | Dates acted if not for whole year |
Dates acted if not for whole year |
Name of person (or body) entitled to appoint trustee (ifany) |
|---|---|---|---|---|---|---|---|
| Rev (Dr) Osagie Joseph Omofuma |
Chief executive officer |
Whole year | |||||
| Mrs OMokhaye Evelyn Omofuma |
Secretary | Whole year | |||||
| Mrs Iyabode Balogun |
Trustee | Whole year | |||||
| Corporate trustees–names of the directors at the date the report was approved Director name Dr O J Omofuma Mrs O E Omofuma Mrs Iyabode Balogun |
|||||||
| Director name | |||||||
| Dr O J Omofuma | |||||||
| Mrs O E Omofuma | |||||||
| Mrs Iyabode Balogun | |||||||
Name of trustees holding title to property belonging to the charity – Not applicable
Trustee name Dates acted if not for whole year
Funds held as custodian trustees on behalf of others
Description of the assets Not applicable held in this capacity
Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects
Details of arrangements for safe custody and segregation of such assets from the charity’s own assets
Additional information (optional)
Names and addresses of advisers (Optional information)
Type of Name Address adviser
Name of chief executive or names of senior staff members (Optional information)
Exemptions from disclosure
Reason for non-disclosure of key personnel details
Other optional information
Declarations
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
Signature(s) Omofuma
Full name(s) Osagie Joseph Omofuma
Position (eg Secretary, CEO Chair, etc)
Date
30/04/2024
Registration number 08246337
GRACE COMMUNITY OUTREACH CENTRE
Income and Expenditure Account for the year ended 31 October 2022
GRACE COMMUNITY OUTREACH CENTRE
Company Information
Directors Osagie Joseph Omofuma Evelyn Omokhaye Omofuma Iyabode Olufunmilayo Balogun Company number 08246337 Charity number 1174215 Registered office 21 Penrith Avenue Sale M33 3FN Accountants J&Co. Accountants Limited 85 Great Portland Street First Floor London W1W 7LT
GRACE COMMUNITY OUTREACH CENTRE
Contents
| Page | |
|---|---|
| Accountants' report and Directors' approval | 1 |
| Income and Expenditure Account | 2 |
| Balance Sheet | 3 |
| Notes to the Financial Statements | 4 |
Accountants' report and Directors' approval
The income and expenditure account on page 2 has been prepared without audit from the books and other records of the business and from information and explanations supplied to us and to the best of our knowledge and belief it is in accordance there with.
Jerry Pani, MA, MBA, FCCA J&Co. Accountants Limited 85 Great Portland Street First Floor London W1W 7LT
Sign J&Co..Accountants.Ltd Date 24 April 2024
I approve these accounts for the year ended 31 October 2022 set out on page 2 and confirm that I have made available all the relevant records and information for their preparation.
Osagie Joseph Omofuma
Sign
Date
1
GRACE COMMUNITY OUTREACH CENTRE Income and Expenditure Account for the year ended 31 October 2022
| Income Grants and donations Rents and rates Light, heat and power Printing, postage and stationery Advertising and brochures Training and educational materials Computer software and accessories Travel and subsistence Staff welfare and entertainment Honorarium Legal and professional fees Accountancy fees Charitable donations Trade journals and subscriptions Website design and maintenance Depreciation - Fixtures, fittings and equipment Depreciation - Plant and machinery Net surplus/(deficit) for the year |
£ £ 14,500 14,500 4,150 198 150 30 131 110 350 285 310 115 300 5,808 70 500 1,349 - (13,856) 644 2022 |
£ £ 12,980 12,980 4,100 197 125 29 129 106 290 280 300 100 300 50 66 395 799 - (7,266) 5,714 2021 |
|---|---|---|
2
GRACE COMMUNITY OUTREACH CENTRE Balance Sheet
for the year ended 31 October 2022
| Note Fixed assets Tangible assets 3 Current assets Debtors 4 Cash at bank and in hand Current liabilities Other taxes and social security costs 5 Accruals and deferred income Net current assets/(liabilities) Total net assets/(liabilities) Reserves Balance brought forward Income and expenditure account Members' funds |
£ £ 4,047 4,047 - 8,679 8,679 - 600 600 8,079 12,126 11,482 644 12,126 2022 |
£ £ 2,396 2,396 - 9,386 9,386 - 300 300 9,086 11,482 5,768 5,714 11,482 2021 |
|---|---|---|
Statements
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a. For the year ended 31 October 2022 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
-
b. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
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c. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
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d. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
This report was approved by the Board on 15 _______ and signed on its behalf by:
Osagie Joseph Omofuma Director
3
GRACE COMMUNITY OUTREACH CENTRE Notes to the Financial Statements
for the year ended 31 October 2022
1 Accounting policies
Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.
Turnover policy
Turnover represents income received as grants or charitable donations during the year.
Tangible assets and depreciation policy
The cost of tangible fixed assets includes only expenditure directly incurred in bringing the assets into working condition for their intended use. The estimated cost of dismantling and removing leasehold improvements, and restoring the leasehold property to its original condition are included to the extent that they are required to be recognised as a provision. Depreciation is provided at the following annual rates in order to allocate the depreciable amount of each asset over its estimated useful life.
Fixtures, fittings and equipment - 25% Reducing Balance
2 Company limited by guarantee
Company is limited by guarantee and consequently does not have share capital.
3 Tangible fixed assets
| Cost At 1 November 2021 Additions At 31 October 2022 Depreciation Acc depn at 1 November 2021 Charge for the year at 20% 25% Acc depn at 31 October 2022 Net Book Values At 31 October 2022 At 31 October 2021 4 Debtors Pay as you earn Value added tax |
Plant & Fixtures, Fittings Machinery & Equipment £ £ - 8,002 - 3,000 - 11,002 - 5,606 - 1,349 - 6,955 - 4,047 - 2,396 2022 £ - - - |
Total £ 8,002 3,000 11,002 5,606 1,349 6,955 4,047 2,396 2021 £ - - - |
|---|---|---|
4