2024-10-31-accounts - Grace Community Outreach Centre

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Trustees’ Annual Report for the period

From 1/11/2023 Period start date To 31/10/2024 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 £10000 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

Trustee name	Office (if any)	Dates acted if not for whole year
Rev(Dr) Osagie Joseph Omofuma	CEO	Whole year
Mrs OMokhaye Evelyn Omofuma	Secretary	Whole year
Mrs Iyabode Balogun	Trustee	Whole year
Mrs Olabisi Ketiku	Trustee	Wholeyear
















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

26/02/2025

GRACE COMMUNITY OUTREACH CENTRE Income and Expenditure Account for the year ended 31 October 2024

Income Grants and donations Expenses Rents and rates Printing, postage and stationery Advertising and brochures Telephone, fax and internet Computer software and accessories Travel and subsistence Staff welfare and entertainment Volunteer expenses Honorarium Legal and professional 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	*2024* £ 9,220 1,251 1,589 551 947 3,964 1,749 4,650 2,250 200 500 17 1,168 639 363 385 759 563	£ 33,497 33,497 ~~(30,7~~ ~~63)~~ ~~2,7~~ 34	*2023* £ 7,317 352 976 52 - 635 616 1,465 1,080 1,100 400 13 398 1,200 269 235 1,012 750	£ 23,477
				23,477 ~~(17,8~~ ~~70)~~ ~~5,6~~ 07

GRACE COMMUNITY OUTREACH CENTRE Notes to the Financial Statements for the year ended 31 October 2024

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 2 November 2023 ###### Additions At 31 October 2024 Depreciation Acc depn at 2 November 2023 Charge f20% 25% Acc depn at 31 October 2024 Net Book Values At 31 October 2024 At 31 October 2023 4 Debtors Loans given 5 Other taxes and social security costs	*Plant &* *Fixtures, Fittings* *Machinery* *& Equipment* £ £ 4,000 11,002 - - 4,000 1,750 563 2,313 11,002 7,967 759 8,726 1,688 2,250 *2024* £ - *2024* ~~2,2~~ ~~76~~ ~~3,0~~ 35 ~~8,28~~ ~~0~~ ~~8,28~~ 0	*Total* £ 15,002 - 9,717 1,321 ~~15,0~~ 02
		11,038
		*2023* £ - ~~3,9~~ ~~64~~ ~~5,2~~ 85

		*2023*

£ £ Pay as you earn - - Value added tax - - -