THE GRACE OF GOD MINISTRIES-UK
(A Registered Charity)
ANNUAL REPORT AND FINANCIAL STATEMENT
FOR THE YEAR ENDED
31 DECEMBER 2021
REGISTERED CHARITY NO: 1176112
THE GRACE OF GOD MINISTRIES-UK FINANCIAL STATEMENTS For the Period Ended 31 December 2021
| INDEX TO THE ACCOUNTS | |
|---|---|
| Charity Information | 1 |
| Legal & Administrative | 2 |
| Trustees Reports | 3 |
| Report of the Independent Examiners | 4 |
| Statement of Income & Expenditure | 5 |
| Balance Sheet Notes to the Accounts | 6 |
| Notes to the Accounts | 7-9 |
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THE GRACE OF GOD MINISTRIES-UK
COMPANY INFORMATION
31 DECEMBER 2021
LEGAL AND ADMINSTRATIVE INFORMATION
Status Registered Charity
Charity Number 1176112
Registered Office 20 Potter Avenue
Dagenham
Essex
RM8 2AQ
Trustees Irene Owusu Banahene
Emmanuel Banahene
Oppong Opoku
Kingsley Opoku Adusie
Bankers NatWest Bank
17 High Street
Grays
Essex
RM17 6NP
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THE GRACE OF GOD MINISTRIES-UK
MANAGEMENT COMMITTEE REPORT
31 DECEMBER 2021
STRUCTURE, GOVERNANCE AND MANAGEMENT
THE GRACE OF GOD MINISTRIES-UK Is charitable organization and is registered charity with the Charity Commission UK.
Aims and Objectives.
To advance the Christian religion in the United Kingdom and the world for the benefit of the public through holding church services, prayer meetings and lectures to enlighten others about the Christian faith. Such other charitable purposes which are exclusively charitable according to the laws of England and Wales.
The charity is also established to provide an enabling environment for worshipping God, and to advance the Christian faith. This is achieved by evangelizing in the community, demonstrating the power of God and fellowshipping with one another, baptizing, and teaching the saints the word of God from the Bible and distributing of literature on Christian Faith.
Activities
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Regular outreach programmes are organized to witness to the members of the public and due to Covid-19, charitable donations were made to member and the public.
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Charitable donations and provisions were also made to external partners in the faith both locally and internationally.
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Weekly bible studies and discussions were held on Zoom and telephone conferences due to the impact of Covid-19.
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Weekly prayer meeting, praying for the community, governments, and members on Zoom and telephone conferences due to the impact of the Pandemic which affected us meting physically.
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Regular propagate the Gospel on the social media such as Facebook and Zoom were also held accordingly.
The following is an account of the activities, events, and general progress of THE GRACE OF GOD MINISTRIES-UK.
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A. Easter Convention- The 2021 Easter Convention were all held on Zoom as the Pandemic prevent us meeting Physically and, in all things, the good Lord was with us and the world ravage with the pandemic.
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B. Christmas Convention - Were held on Zoom and telephone conferences as we commemorated the birth of our Lord Jesus Christ.
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C. Revival – During the Covid-19 Pandemic, Periodic revival and retreat were held every month for the members and bible teachings ending with monthly half night on Zoom and telephone prayer conferences.
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Trustees
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Oppong Opoku
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Kingsley Opoku Adusei
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Irene Owusu Banahene
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Emmanuel Banahene
The Trustees have no beneficial interest in the charity and are not remunerated.
Governance
The Governance body are the trustees, the current trustees are shown above. The trustees are nonexecutive and unpaid. The trustees meet regularly and retains full and effective control over the charity.
STATEMENT OF TRUSTEES RESPONSIBLITIES
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Under the Charities Act 1993, the trustees are required to prepare a statement of accounts for the accounting year which gives a true and fair view of the state of the church. They are required to. 1. Select suitable accounting policies and apply them consistently. 2. Make judgments and estimates that are reasonable and prudent.
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State whether the applicable accounting standards have been followed.
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Prepare financial statements on an ongoing basis
They are responsible for keeping proper records which disclose with reasonable accuracy the finances of the charity at any time and to ensure that such accounts comply with the charities Act 1993. They also have a responsibility to safeguard the assets of the church and take reasonable steps to detect fraud or other irregularities.
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Approved by the Trustees on 30 [th] June 2021 and
Signed on their behalf by Trustee.
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THE GRACE OF GOD MINISTRIES-UK
INDEPENDENT EXAMINER REPORT TO THE TRUSTEES OF THE GRACE OF GOD MINISTRIES-UK
I report on the accounts of the Charity for the year ended 31 December 2021, which are set out on the following pages which have been prepared on the basis of the accounting policies shown in the corresponding pages.
Respective responsibilities of trustees and examiner the trustees of the charity are responsible for the preparation of accounts: they consider that the audit requirement under section 43(2) of the Charities Act 1993 (the 1993 Act)), does not apply. It is my responsibility to:
Examine the accounts under section 43(3) of the 1993 Act. Follow the procedures laid down in the General Directions given by the Charity Commissioners made under section 43(7)(b) of the 1993 Act, and State whether matters have come to my attention.
BASIS OF INDEPENDENT EXAMINERS REPORT
My examination was carried out in accordance with the General Direction given by the Charity Commissioner’s. An examination included a review of the accounting records kept. It also includes consideration of any unusual items of disclosures in the accounts. And seeking examinations from you as trustees concerning any matters.
The procedures undertaken do not provide all the evidence that would be required in an audit, and as a result I do not express an audit opinion on the view given by the accounts.
Independent Examiner’s Statement
In accordance with my examination, no matter has come to my attention:
1. which gives me a reasonable cause to believe that in any material respect the requirements:
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to keep accounting record in accordance with section 41 of the 1993 Act and
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to prepare which accord with the accounting records and to comply with the accounting requirements of the 1993 Act.
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Have not been met.
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To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Rexford Oppong
Asknath Services Ltd
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Oppong
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THE GRACE OF GOD MINISTRIES-UK STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2021
| INCOMING RESOURCES Notes Tithes & Offering 1 Grant Hall Hire Total RESOURCES EXPENDED 1 Charitable Activities Total Surplus (deficit) for the Year |
2021 Unrestricted £ 3,453 10,956 11,120 |
|---|---|
| 25,528 | |
| 25,508 | |
| 25,508 | |
| 21 |
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THE GRACE OF GOD MINISTRIES-UK
BALANCE SHEET AS AT
31ST DECEMBER 2021
Notes 2021
FIXED ASSETS £ £
Tangible Fixed Assets 4 6,546
CURRENT ASSETS
Debtors
Cash in hand & Bank 3,456
3,456
LESS CREDITORS:
Amounts falling due within one year 5 0
Net Current Assets ( Liabilities) 3,456
TOTAL ASSETS LESS CURRENT LIABILITIES 10,002
Amounts falling due over one year
TOTAL NET ASSETS
FUNDS OF THE CHARITY
Restricted Fund 10,002
Total Charity Funds 10,002
The financial statements were approved by the Board of Trustees on the 30 [th] of June 2020; and were
signed on its behalf by:
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THE GRACE OF GOD MINISTRIES-UK Notes to the financial statements For the year ended 31 December 2021
1. ACCOUNTING POLICIES
Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the Charities Act 2011 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.
Incoming resources
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
Resources expended.
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates to write off each asset over its
Equipment - 25% on cost Fixtures and fittings - 25% on cost
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2019 nor for the year ended 31 December 2021.
Trustees' expenses
There were no trustees’ expenses paid for the year ended 31 December 2020 nor for the year ended 31 December 2021.
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THE GRACE OF GOD MINISTRIES-UK Notes to the financial statements - Continue. For the year ended 31 December 2021
3. PRIOR YEAR ADJUSTMENT
There are no prior year adjustments made during the year.
4. TANGIBLE FIXED ASSETS
| Cost As at 1st Dec 2021 As at 31st Dec. 2021 Depreciation As at 1st Dec.2020 charge for the Period As at 31st Dec 2021 Net Book Value As at 31st Dec 2021 As at 1st Dec 2020 |
Equipment £ 6,546 6,546 2,565 2,565 6,546 3,981 |
Totals £ 6,546 |
|---|---|---|
| 6,546 | ||
| 2,565 | ||
| 2,565 | ||
| 6,546 | ||
| 3,981 |
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| THE GRACE OF GOD MINISTRIES-UK | THE GRACE OF GOD MINISTRIES-UK | |
|---|---|---|
| Detailed Statement of Financial Activities | ||
| For the year ended | ||
| 31 December 2021 | ||
| INCOMING RESOURCES | Notes | 2021 |
| Unrestricted | ||
| £ | ||
| Tithes & offering | 1 | 3,453 |
| Grant | 10,956 | |
| Hall Hire | 11,120 | |
| Total | 25,528 | |
| RESOURCES EXPENDED | 2021 | |
| £ | ||
| Accounting /Bookkeeping | 700 | |
| Bank Charges | 49 | |
| Building Repairs | 1,516 | |
| Church expenses | 140 | |
| Cleaning | 300 | |
| Consumable | 497 | |
| Fuel | 242 | |
| Internet. /Telephone | 400 | |
| Light & Heating | 744 | |
| Men’s Fellowship | 600 | |
| Misc. | 10 | |
| Motor Expenses | 2,332 | |
| Musical Expenses | 370 | |
| Printing & Stationery | 219 | |
| Rent & Hall Hire | 14,700 | |
| Traveling | 800 | |
| Welfare Donation | 1,250 | |
| Women’s Fellowship | 550 | |
| Subscription | 90 | |
| Totals | 25,508 |
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