## **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** 31/03/2024 **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 **31/03/2024** . **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
- the accounts did not accord with the accounting records; or
- 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 01/04/2023 To: Period end date 31/03/2024**
**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: £54,818
•
Expenditure: £31,240
•
Net surplus/(deficit): £23,578|
|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|||
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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 2024**
|**Profit and Loss**
**King's Grace Chapel**
**For the year ended 31 March 2024**|**Profit and Loss**
**King's Grace Chapel**
**For the year ended 31 March 2024**|
|---|---|
|**2024**||
|**Incoming Resources**||
||**Voluntary Income**|
||Tithe
25,151|
||Offering
8,744|
||Thanksgiving Offering
75|
||**Total Voluntary Income**
**33,970**
**Other incoming resources**|
||Other income
20,848|
||**Total Other incoming resources**
**20,848**|
||**Total Incoming Resources**
**54,818**|
|**Gross Profit**
**54,818**
**Resources Expended**||
||**Costs ofgenerating voluntary income**|
||Church running expenses
3,555|
||Cleaning expenses
50|
||Multimedia & technical
106|
||Outreach & Evangelism
1,631|
||Volunteer expenses
2,350|
||**Total Costs of generating voluntary income**
**7,692**
**Charitable activities**|
||COF Contribution
300|
||Events
3,900|
||Hospitality
79|
||Mission Expenses
6,500|
||Pastoral care
1,940|
||Retreat & Training
5,220|
||Sunday School (D665)
150|
||Youth Ministry
920|
||**Total Charitable activities**
**19,009**
**Governance costs**|
||Facility repairs & Maintenance
50|
||Books & Tapes
246|
||Honorarium
310|
||Printing, Postage & Stationery
56|
||Rent
2,996|
||Sundries
200|
6 Jan 2026 Page 1 of 2
SOFA Detailed King's Grace Chapel
Profit and Loss
||**2024**|
|---|---|
|||
|Telephone & Internet|681|
|**Total Governance costs**|**4,539**|
|**Total Resources Expended**|**31,240**|
|**Net Incoming/Outgoing Resources**|**23,578**|
|**Net Movement in Funds**|**23,578**|
|**Net Incoming/Outgoing Resources**|**23,578**|
6 Jan 2026 Page 2 of 2
SOFA Detailed King's Grace Chapel
## **Balance Sheet**
## **King's Grace Chapel As at 31 March 2024**
|**Balance Sheet**
**King's Grace Chapel**
**As at 31 March 2024**|**Balance Sheet**
**King's Grace Chapel**
**As at 31 March 2024**|
|---|---|
|**31 MAR 2024**||
|**Current Assets**||
||**Cash at bank and in hand**|
||General Account
65,777|
||**Total Cash at bank and in hand**
**65,777**|
||Loan Advanced
5,000|
||Pastoral Care - Members' Loan
1,935|
||**Total Current Assets**
**72,712**|
|**Net Current Assets (Liabilities)**
**72,712**||
|**Total Assets less Current Liabilities**
**72,712**||
|**Net Assets**
**72,712**
**Capital and Reserves**||
|Current Year Earnings
23,578||
|Retained Earnings
49,134||
|**Total Capital and Reserves**
**72,712**||
6 Jan 2026 Page 1 of 1
Balance Sheet King's Grace Chapel