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2022-03-31-accounts

Independent examiner's report on the accounts

Section A Independent Examiner’s Report

Report to the trustees
On accounts for the year
ended
Set out on pages
Responsibilities and
basis of report		 King’s Grace Chapel
31/03/2022
Charity no
(if any)
1175480
Statement of Financial Activities and Balance Sheet.
I report to the trustees on my examination of the accounts of the above
charity (“the Trust”) for the year ended31/03/2022.
As the charity's trustees, you are responsible for the preparation of the
accounts in accordance with the requirements of the Charities Act 2011
(“the Act”).

I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent I have completed my examination. I confirm that no material matters have examiner's statement come to my attention in connection with the examination which gives me cause to believe that in, any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Date: 28/12/2025 Signed: Name: Adewale Adebanjo Relevant professional qualification(s) or body None (if any): Address: 23 Shaw Close, Kingsthorpe, Northampton. NN2 8FX

1

Oct 2018

IER

Section B Disclosure

Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).

Give here brief details of any items that the examiner wishes to disclose .

2

Oct 2018

IER

Trustees’ annual report (including Directors’ report) for the period

From: Period start date 01/04/2021 To: Period end date 31/03/2022

Charity name: King’s Grace Chapel

Charity registration number: 1175480

Company number: None

Objectives and activities

SORP reference
Summary of the purposes of
the charity as set out in its
governing document		 Para 1.17 To advance the Christian faith for the benefit
of the public by means of broadcasting of an
evangelistic and teaching nature.
To advance the Christian religion, in the
United Kingdom and/or other parts of the
world, for the benefit of the public.
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		 •Regular worship services (e.g., Sunday
services, Holy Communion)
•Children’s ministry / youth outreach
•Evangelistic outreach (e.g., door-to-door
visits, community events)
•Other ministries (e.g., pastoral care)
Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit		 Para 1.18 The trustees confirm they have complied
with the Charity Commission’s guidance on
public benefit.

Additional information (optional) You may choose to include further statements where relevant about:

SORP reference Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related investment

Para 1.38 Contribution made by volunteers Other

Achievements and performance

----- Start of picture text -----
Summary of the main Para 1.20
achievements of the charity, Although spiritual growth is hard to quantify,
identifying the difference the we have achieved the following:
charity’s work has made to
the circumstances of its • Provides regular worship, prayer, and
beneficiaries and any wider teaching that nurture faith and personal
benefits to society as a spiritual development of the members.
whole.
• Promotes moral values and ethical
behaviour, contributing to a more
compassionate and principled community.
----- End of picture text -----

Additional information (optional) You may choose to include further statements where relevant about:

----- Start of picture text -----
Para 1.41
Achievements against
objectives set
Para 1.41
Performance of fundraising
activities against objectives
set
Para 1.41
Investment performance
against objectives
Other
----- End of picture text -----

Financial review

Financial review
Review of the charity’s
financial position at the end
of the period		 Para 1.21 Financial position summary:
•
Income for the year: £28,315
•
Expenditure: £12,207
•
Net surplus/(deficit): £16,108
Statement explaining the
policy for holding reserves
stating why they are held		 Para 1.22 The church does not currently have a formal
reserves policy. At present, any surpluses
from previous financial years are applied to
offset shortfalls in subsequent years. The
trustees acknowledge the importance of
establishing a clear reserves policy and plan
to develop one as the church continues to
grow.
Amount of reserves held Para 1.22 None
Reasons for holding zero
reserves		 Para 1.22 The church currently does not hold any
significant assets, such as property, that
would necessitate maintaining reserves for
unforeseen contingencies. Financial
commitments are reviewed regularly to
ensure the church operates within its means
and remains financially sustainable.
Details of fund materially in
deficit		 Para 1.24 None
Explanation of any
uncertainties about the
charity continuing as a going
concern		 Para 1.23 None

Additional information (optional) You may choose to include further statements where relevant about:

Para 1.47 The charity’s principal sources of funds (including any fundraising) Para 1.46 Investment policy and objectives including any social investment policy adopted Para 1.46 A description of the principal risks facing the charity

Other

Structure, governance and management

Description of charity’s
trusts:
Type of governing document:
for example,trust deed,
memorandum and articles of
association etc		 Para 1.25 Trust deed
How is the charity
constituted?
for example, limited
company, unincorporated
association, CIO		 Para 1.25 The church is constituted as 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 Trustee selection is carried out by a
resolution of the trustees passed at a special
meeting.

Additional information (optional) You may choose to include further statements where relevant about:

Para 1.51 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 Other

Reference and administrative details

Charity name King’s Grace Chapel
Other name the charity uses
Registered charity number 1175480
Charity’s principal address 25 Ashley Drive, Borehamwood. WD6 2JT

Names of the charity trustees who manage the charity

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2
3
4
5
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7
8
9
10
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13
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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 (ifany)
David Akinsanya Chair
Adaobi Iweka Member
Maureen Kabaale Member

Corporate trustees – names of the directors at the date the report was approved

Director name

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year

Funds held as custodian trustees on behalf of others

Description of the assets
held in this capacity		 Not applicable
Name and objects of the
charity on whose behalf the
assets are held and how this
falls within the custodian
charity’s objects		 Not applicable
Details of arrangements for
safe custody and
segregation of such assets
from the charity’s own assets		 Not applicable

Additional information (optional)

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
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 company has taken advantage of the small companies’ exemption in preparing the report above.

The trustees declare that they have approved the trustees’ report (including directors’ report) above.

Signed on behalf of the charity’s trustees/directors

Signature(s)
Full name(s)
Position (for example
Secretary, Chair, etc)
Date
David Akinsanya

Chair
30/12/2025

Balance Sheet

King's Grace Chapel As at 31 March 2022

Balance Sheet
King's Grace Chapel
As at 31 March 2022		 Balance Sheet
King's Grace Chapel
As at 31 March 2022
31 MAR 2022
Current Assets
Cash at bank and in hand
General Account
35,324
Total Cash at bank and in hand
35,324
Total Current Assets
35,324
Net Current Assets (Liabilities)
35,324
Total Assets less Current Liabilities
35,324
Net Assets
35,324
Capital and Reserves
Current Year Earnings
16,108
Retained Earnings
19,216
Total Capital and Reserves
35,324

6 Jan 2026 Page 1 of 1

Balance Sheet King's Grace Chapel

Profit and Loss

King's Grace Chapel For the year ended 31 March 2022

Profit and Loss
King's Grace Chapel
For the year ended 31 March 2022		 Profit and Loss
King's Grace Chapel
For the year ended 31 March 2022
2022
Incoming Resources
Voluntary Income
28,105
Other incoming resources
210
Total Incoming Resources
28,315
Gross Profit
28,315
Administrative Costs
Costs of generating voluntary income
4,860
Charitable activities
5,562
Governance costs
Honorarium
300
Printing, Postage & Stationery
3
Rent
1,060
Telephone & Internet
423
Total Governance costs
1,786
Total Administrative Costs
12,207
Net Incoming/Outgoing Resources
16,108
Net Movement in Funds
16,108
Net Incoming/Outgoing Resources
16,108

6 Jan 2026 Page 1 of 1

SOFA Report King's Grace Chapel