## **Trustees’ Annual Report for the period**
## **From 1/11/2022 Period start date To 31/10/2023 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|**The Number of volounteers have**
**increased and therefore the scope of our**
**reach has also increased.**
**We now have a designated outreach to**
**women especially ethnic minority with a**
**view to empowerment and safeguarding.**
**We also undertake helping immigrants to**
**integrate properly into society**
**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**
**£7000 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**
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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|||
|||Mrs Olabisi Ketiku|Trustee||Wholeyear|||
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|||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**
**Mrs Olabisi Ketiku**||||||
|||**Director name**||||||
|||**Dr O J Omofuma**||||||
|||**Mrs O E Omofuma**||||||
|||**Mrs Iyabode Balogun**||||||
|||**Mrs Olabisi Ketiku**||||||
|||||||||
|||||||||
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**
11/10/2024
Registration number 08246337
GRACE COMMUNITY OUTREACH CENTRE
Income and Expenditure Account for the year ended 31 October 2023
## 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|
GRACE COMMUNITY OUTREACH CENTRE
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 Tuesday, April 30, 2024
I approve these accounts for the year ended 31 October 2023 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 2023
|**Income**
Grants and donations
**Expenses**
Rents and rates
Light, heat and power
Printing, postage and stationery
Advertising and brochures
Telephone, fax and internet
Training and educational materials
Computer software and accessories
Travel and subsistence
Staff welfare and entertainment
Volunteer expenses
Honorarium
Consultancy fees
Accountancy fees
Bank, credit card and other finance charges
General expenses
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**|**_£_**
**_£_**
23,477
23,477
7,317
-
352
976
52
-
-
635
616
1,465
1,080
1,100
400
13
398
1,200
269
235
1,012
750
(17,870)
**5,607**
**_2023_**|**_£_**
**_£_**
14,500
14,500
4,150
198
150
30
-
131
110
350
285
-
310
115
300
-
-
5,808
70
2,419
1,349
1,000
(16,775)
**(2,275)**
**_2022_**|
|---|---|---|
2
## GRACE COMMUNITY OUTREACH CENTRE Balance Sheet
for the year ended 31 October 2023
|Note
**Fixed assets**
Tangible assets
3
**Current assets**
Debtors
4
Cash at bank and in hand
**Current liabilities**
Accruals and deferred income
**Net current assets/(liabilities)**
**Total net assets/(liabilities)**
**Reserves**
Balance brought forward
Income and expenditure account
**Members' funds**|**_£_**
**_£_**
5,285
5,285
4,880
5,349
10,229
700
700
9,529
**14,814**
9,207
5,607
**14,814**
**_2023_**|**_£_**
**_£_**
7,047
7,047
-
2,760
2,760
600
600
2,160
**9,207**
11,482
(2,275)
**9,207**
**_2022_**|
|---|---|---|
## **Statements**
- a. For the year ended 31 October 2023 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.
- c. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
- 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 2023
## **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 2022
Additions
At 31 October 2023
**Depreciation**
Acc depn at 1 November 2022
Charge for the year at 20%
25%
Acc depn at 31 October 2023
**Net Book Values**
At 31 October 2023
At 31 October 2022
**4**
**Debtors**
Debtors|**_Plant &_**
**_Fixtures, Fittings_**
**_Machinery_**
**_& Equipment_**
**_£_**
**_£_**
4,000
11,002
-
-
4,000
11,002
1,000
6,955
750
1,012
1,750
7,967
**2,250**
**3,035**
**3,000**
**4,047**
**_2023_**
**_£_**
4,880
4,880|**_Total_**
**_£_**
15,002
-
15,002
7,955
1,762
9,717
**5,285**
**7,047**
**_2022_**
**_£_**
-
-|
|---|---|---|
4