Independent examiner's report on the accounts
Section A Independent Examiner’s Report Report to the trustees King’s Grace Chapel On accounts for the year 31/03/2023 Charity no 1175480 ended (if any) Set out on pages 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 ended 31/03/2023 . Responsibilities and As the charity's trustees, you are responsible for the preparation of the basis of report 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:
-
the accounting records were not kept in accordance with section 130 of the Charities Act; or
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the accounts did not accord with the accounting records; or
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the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.
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 01/04/2022 To: Period end date 31/03/2023
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: £31,141 • Expenditure: £17,331 • Net surplus/(deficit): £13,810 |
| 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
| 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) | 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 |
Profit and Loss
King's Grace Chapel For the year ended 31 March 2023
| Profit and Loss King's Grace Chapel For the year ended 31 March 2023 |
Profit and Loss King's Grace Chapel For the year ended 31 March 2023 |
|---|---|
| 2023 | |
| Incoming Resources | |
| Voluntary Income | |
| Tithe 24,851 |
|
| Offering 6,130 |
|
| Thanksgiving Offering 160 |
|
| Total Voluntary Income 31,141 |
|
| Total Incoming Resources 31,141 |
|
| Gross Profit 31,141 Resources Expended |
|
| Costs ofgenerating voluntary income | |
| Church running expenses 1,526 |
|
| Multimedia & technical 2,355 |
|
| Outreach & Evangelism 2,000 |
|
| Volunteer expenses 1,444 |
|
| Total Costs of generating voluntary income 7,325 Charitable activities |
|
| Children Ministry (D600) 701 |
|
| COF Contribution 545 |
|
| Events 1,824 |
|
| Hospitality 44 |
|
| Mission Expenses 1,200 |
|
| Pastoral care 750 |
|
| Sunday School (D665) 306 |
|
| Youth Ministry 270 |
|
| Total Charitable activities 5,640 Governance costs |
|
| Honorarium 1,250 |
|
| Rent 2,520 |
|
| Sundries 140 |
|
| Telephone & Internet 456 |
|
| Total Governance costs 4,366 |
|
| Total Resources Expended 17,331 |
|
| Net Incoming/Outgoing Resources 13,810 |
|
| Net Movement in Funds 13,810 |
|
| Net Incoming/Outgoing Resources 13,810 |
6 Jan 2026 Page 1 of 1
SOFA Detailed King's Grace Chapel
Balance Sheet
King's Grace Chapel As at 31 March 2023
| Balance Sheet King's Grace Chapel As at 31 March 2023 |
Balance Sheet King's Grace Chapel As at 31 March 2023 |
|---|---|
| 31 MAR 2023 | |
| Current Assets | |
| Cash at bank and in hand | |
| General Account 47,184 |
|
| Total Cash at bank and in hand 47,184 |
|
| Pastoral Care - Members' Loan 1,950 |
|
| Total Current Assets 49,134 |
|
| Net Current Assets (Liabilities) 49,134 |
|
| Total Assets less Current Liabilities 49,134 |
|
| Net Assets 49,134 Capital and Reserves |
|
| Current Year Earnings 13,810 |
|
| Retained Earnings 35,324 |
|
| Total Capital and Reserves 49,134 |
6 Jan 2026 Page 1 of 1
Balance Sheet King's Grace Chapel