Reglstered Charity Number: 1181646 Home of Grace for Christ's Workers In London Report and Financial Statements For the Year Ended 31 December 2025
Home of Gracelor Chrfst's Workers In London Reference and Adrninistralive Oetails For the year ended 31 December 2025 Trustees Wai Kuen Lau Yuen Fan Salina Kwok Katherine Wei Lee Prlnclpal Address 34 Farrant Way 8ehamwo0d Hertfordshire WD64TE Re81stered Charlty No 1181646 Oank•r Lloyds Bank PIC Independent Examlner Liu Juan Gong
Home of Grace for Chr5sVs Workers In London Report of the Trustees For the year ended 31 Decernbef 2025 The Charity was registered as a Charitable Incorporated Organisation IC!01 on 21 January 2019 and the tru5tee5 present their report with the financial ateMentS of the charity for the year ended 31 December 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended PractTrce applicable to charitie5 preparin8 their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. Achievements agaSnst oblectlves set Thank God for this time of review and re¢ollection. As the recovery pr¢xess of an elderly sister's injured leg was very slow. our small 8ile Study 8roup was transfeired to her home. Our trustee continued to assist her farr,ily in their daily needs aThd prayers. She also participated in the prayer and care group of hei thur¢h. In October 2025. we had a co-workers. gathering for our trustees and volunteers from Europe and China to equip ourselves in the 8Q5pel work. Tb.e meeting was lor S days only, but the Holy Spirit worked on usl Before we had finished oui gaihefin8, we were inspired to stay for J prayer watch after the meeting. Since then. we always have two per50n5 staying in the plemlse to pray foi the lost souls, especially In the UK. their economy. the ones on high, the churches and the world at large. We continued our street evangelism and pamphlet distrlbution. Somè received with joy while some turned iheir heads. In God's timin& men are saved. We do our best and God will do the restl FINA14CIAL REVIEW Reserve Pollcy The reserves of the Charity are unrestrlcted. Our donaiions re¢eived dropped by 13% compared to the previous yea¢. The Iree reserves (total unrestricted reserves excluding fixed 35setsl of the chaiity a5 at 31 December 2025 was GBP 20,653. The trustee5 consider that it should hold 9 months running expenses (excluding provision for depreciation) in reserve which equates GBP8,699. The 5% reserve on the financial year'5 income for repair and fenovation of the charity will still be kept. The trustees consider that there are no material unrertainties about the chariws ability to continue as a 80Sng concern. In forming thi5 Optnion, they have considered the provision of bgth it5 future income and expenditure lor a period of at least 12 months from the date of approval of these financial statements. Flnanclal Perfomiance The total incoming resources for the year was GBP8.4LH made up of individual unrestricted donations. Expenditure durin8 the year consrsts of depreciation on the charity's prDperty and costs incurred in Ihe course of its charitable activities as well 35 day running costs for the premises and the charity's Prlnclpal Sources of Funds Our principal fundin8 sources come from indrwitlual donors inside and outside the UK.
Report of the Trustees (tontinued) Investment Policy No new investment kK)li£y has been set up yet as this is not the main purpose of the charity and the financial condition Is not suitable f such move. Prlnclpal Rjsks Dur to the soaring price of gas and reducing incomé. our deficit in 2025 was 28% compared to 5% in 2024. The major increase was evidented in our travel expenses by 43% and utility to 1.9 times compared to 2024. Gas shortage was a significant global issue in 2025. Global natural gas market faced tight supply conditions as demand continued to rise, outpacing the slower expansion of supplv caused by pandemic and geopolitical tensions. Despite this, we thank God for those who have generously supported us through their donations during these years. We continue to lean on to God. the Proyider of all. May the lost souls return and rei)ent. will there be peace and prosperity. STRucfuRE. GOVERNANC£ AND MANAGEMENT Governing Document The Charity is a CIO registered on 21 January 2019 and is governed by it5 constitution. Under the constitution, the trustees are its sole members and are responsible lor its day-to-day management. According to the Charity Ct)mmis5ion rules, all trustees share the same responsibility. Each of our trustees will take up a major financial. adrninisterial or extemal role and a minor role in another role. Appolntment of Trustees Our CIO 15 formed by a few committed Christians to spread Christiantty in the IJK. We encourage daily Bible 5tvdy, prayer meetings and fellowship wrth God for all trustees. We plan to hold annual 8ible stu(ty meeting and global Pfayer meetings for the trustees with some volunteer worker5 in order to have a deeper understanding of God's words and His will so we may share and explain God's words clearly and be able to achieve our charity's goal effectively. All trustees are encouraged to further their growtl spiritualw in the Lord fit for OLbr charity's 8ospel work. STATEMENT OF TRUSTEES. RÉSPON5181LtllES The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accountin£ Standards (United Kingdom Generally Accepted Accounting Practice) including Financial Reportin8 Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" The law applicable to charities in England ènd Wale5. the Charities Art 2011, Charity (Accounts and Reports) Regulations 2(K)8 and the provisions of the tnjst deed requires the trustees to prepare financial statements for each financial year which give a tiue and fair view of the state of affairs of the charity and of the incoming resources and application of resources. Including the income and expenditure. of the charity for thit period. In preparing those financial statements, the trustees are required to..
Report of the Trustees Icontlnuedl select suitable accounting policie5 and then apply them consi5tently,' observe the methods anL4 pri¢)ciples in the Charity SORP; make judgements and estimates that are reasonable and prudent.. prepare the flnancial statements on the g& con¢em basis unless it is inappropriate to presume that the charity wll continue in business. The trustees are responsible for keepin8 PTopeT occounting re¢ord5 which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011. the Charity (Accounts and Reports) Regulations 2008 and the pfowsions of the trust deed. They are a150 responsible for safeguarding the assets of the chaiity and hence for taking reasonable Steps for the prevenrion and detection of fraud and other irre8ularities. Approved by order of the boai"d of trustees on signed on its behalf bv.. ITru5teel Yuen Fan Sallna Kwok
Page IS Independent Examinees Report to the Trusteesof Home of Grace for Chrisvs Workers in London I feport to the Trustee5 on my examination of Ihe financial statemeat5 of the thar¢ty lor the year ened 310ecember 2025, which £ornprise the Statement of Financial Activitie5, the Balance Sheet and the related notes. My work has been undertaken so that l rn%ht carry out an Independent Examination of thefinanci21 st-temènts in a¢cordan<ewiihtheGeneral Directions gi¥en by the Charitv Commlssioners. To the lulle5t extent permitted by law, I do not accept or assume responsibililv to anyone other than the Ch3rity and the Ch3rrtV'5 Trust Je5 as a body for my wot or for ihis report. RESPONSIBILITIES AND BASIS OF REPORT The Charity's Tiustees are responsible for the pparatiOn of the 3tttibr.ts in accordance with the requirements of the Charities Art 20111.the Act'l. The Charity'5 Trustees consider that afi audit is not ¥equi¢ed for this yÈar (under Sectlon 144121 ol the Chafltie5 Act 20111 and that an Independent ExamitEation 15 required. I rÈport respect ol my examination of the Charitvs accounts carried out ufider settion 145 of thÈ Act and in carrying out examination I have followed all the applicable D¢re(tion5 given by the Charity Commissioners under secrion 14515llbl of thÈ Att. INDEPENDENT EXAMINER'S STATEMENT I have completed my examlnation. I confirm that no material malters have come to my attention in connection with the examination.. 111 which gives me reasonable cause to believe th in any material re5pert atcounling recovd5 were not kept in respert of the Charity as required by section 130 of the the accounts do not accord with those records.. or 121 the acitsunts do not covnplywith the applicable r£auiretnentsconcerning the form and content of accounts set out in the Charities (Accounts and Reportsl Regulation$ 2Crt)8 othÈr than any requirernent that Ihe accoijnts give a'true and fair view, which Is not 2 matier consldered as pari of an independent examirtIQn. I have no concerns and have come ayoss no other matters in connertion with the exarninattron to which attention should be drawn in this resN)rt in order to enable a proper ynderstanding ol the account5 to be reached. Llu Juam Gon8 FCCA Chartered Cerlilied ArtantS Date: 25 May 2026
Home of Grace for Chrisvs Workers In london statement of Financial Activities For the year ended 31 Decembér 2025 14otes 2025 Total 2024 Unrèstricted Unrestricted Restrirted Income from: Donations Bank Interest 9.673 Total Income Expendlture on: 8.404 Chaiitable attivitles 117.3931 117,3931 116,C4J81 Total Expendlture 117.3931 117,3931 116.0081 Net Income/ lempendlturel and net M0ment In funds for th* year 18.9891 18.9891 16.3351 Reconilllatlon ol funds: Total fun4s brought forward 366 623 366.623 372.958 Total funds ¢arrled forward 357.634 357,634 366,623 All the Charity's funds represent unrestricted general funds. The notes foirn part ol these financial statements.
Home of Grace for Chrisvs Workers In London Balance Sheet As at 31 December 2025 Notes 2025 2024 TANGIBLE FIXED ASSETS Freehold Property Fixture & Fittings Motor Vehicle 336.520 461 342,160 615 336.981 342.775 CURRENT ASSETS Cash Cash at bank 828 20.725 21.553 845 23,803 24,648 CREDoR5 Ac¢ruals 191xJI 18tKJi NET CURRENT ASSErs 20.653 23,848 ASSETS 357,634 366,623 FUNDS Unrestricted Restrirted 357.634 366.623 TOTAL FUNDS 357.634 366.623 The financial State enls were approved by the Board of Trustees and authorised for issue on and were signed on its behalf by.. . rrru5teel Yuen Fan Salina Kwok Re8lStered Charity Number.. 1181646 The notes fom part of these financial statements.
Home of Grace for Chfisvs Workers In London Notes to the Financial Staternents Forthe year ended 31 December 2025 ACCOUNTING POLICIES Basls of preparln8 the flnanclal statements The financial statements of the charity, which Is a public benefit entity have been prepared in accordance with trhe Charrties SORP IFRS 1021 'Accounting and Reporting by Charities.. Statement of Recommended Prartice applicable to ¢haiitie5 preparing their accounts in accordance with the Finanoal Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021,, Financial Reporting Standard 102 'The Financial Reporting Standaid applicable in the UK and Republic of Ireland, and the Charities Act 2011. The financi315tstements have been prepared under the histofi¢)I cost convention. Gdng concern The trustees consider that there are no material uncertainties about the Charity's abillty to continue as a going concern. In formin8 this opinion. the trustee5 have considered the recent economic developments and the provision ol both its future income and expenditure for period of at least 12 months from the date of approval of these financial statement5. In the¢r opinion expenditure can easily be tailoreu to match the level of Income received lor the foreseeable future. The Charitrfs reserves are also sufficient to meet any short-term fluctuations. Flnanc5al reportln8 Standard 102- reduced dlsdosure txemptlons The charity has taken a(fvan4a8e of the lollowing di5c105ure exemptions in preparing these financial statements, a5 permTrtted by FRS 102 'The Financial Reportin8 Standard applicable in the UK and Republic of Ireland,: the requirements of Section 7 St•tement of Cash Flows. Income All income is Teco8ni5ed in the Statement of Financial Artivlties once the charity has entitlement to the funds, it is probable that the income will be received, and the amount can be measured reliably. Expendltuft Liabilities are recc¥nised as expenditure as soon as there is a legal or con5trvctive obligation ommittin8 the charity to that expenditure. it Is probable that a transfer of economic benefits wlll be iequired in settlement and the amount of the obligatlon can be measured reliably. Expenditure is accounted for on an accruals basbs and has been classified vnder 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 resour£es.
Home of Grace for Chrlsvs Workers In London Notes to the Financial Statements Forthe year ended 31 December 2025 ACCOUNTING POLICIES ICONTINUEO) Governance costs These are included within support costs and Include the costs attributable to the Charity's compliance with constitutional and statutw requirements. including Independent examination, trustees, meetings and reimbursed expenses. Tan8lbl¢ Fixed A55ets Tangible fixed assets are staled at cosi or eJimated valve for donated assets. Depreciation Is calculated so as to write off the cos¢ of fixed assets on a straighi-line basis ovef the expected useful economic lives of the asseis concerned. The principal at)nual rates used for this purpose are as foHows'. Freehold propertv Fixture & Fittings Motor vehicles 2% per annum (excluding landl .20% per annum - 20% per annum The Trustees have consldered the impact of component ac¢ountln8 on the freehold property and are of the opinion that its impact would be trivial on these financial statements. Taxatlon The charity is exempt frcth tax on its charitable actNlties. Fund accountlni All the funds of the Charity are unrestricted and can be used In accordance with the ¢harltable objectives at the discretion of the trustees. Cr5tlul accountln8 estlmat•s and areas of JUement In preparing the financial statements it Is r ecessary to make rtain judgements, estimates and assumptions that affect the amount5 recognised in the financial statements. In the view of the Trustees. there are no signilicant Judgement5. estimates and assumptions required. Flnancial Instruments The Charity only has financl_l assets and liabilities of a kind that qvalify as basic financial instruments, including its debtors and Creditors. These are initially recognised at transaction value and subseqventty valued at their settlement value. Functlonal Currenry The financial statements are presented in Pound Sterlin& which 15 the functional currency. All financial inforn)ation prerented is rounded to the nearest Pound Sterlin8.
H¢me of Grace for Chr5st's Workers in London. Notes to the Finantial Statements For the year ended 31 Decernber 2025 2. DONATIONS AND LEGACIES 2025 2024 UnreStcted Donations IndividLTrals 8,404 8,404 9,673 9.673 Restricted donations Total Donations 9,673 CHARITABLE ACTIVITIES 2025 2024 Property Costs Motor Vehicle Costs Travel Subsistence 1.666 2,202 1,310 515 77 1,042 1.425 2.401 5.794 61 9(KJ 17.393 1,716 2,034 917 Sundry Telephone & Internet Service5- Water, Gas, Electricity Council Tam Depre¢iation Charge Governance- Subsistence Governance- Accountancy 1,993 491 2,189 5,794 69 80) 16,008 Inclyded above is resiricted expenditure of KEY MANAGEMENT PERSONNEL Key management personnel are those peisons having authority and ¥esponsibility fgr planning. directing. and controlling the activities of the Charity. directly or indirectly, Includin8 any trustee of the charity. The key management personnel of the Charity are the trustees. The Trustees provide their ser¥ices free of charge. Nomalue Is reflected in the account5 for the donated service5 of the Trustees. No trustee was reimbursed expenses during the y4ar. Trustees subslstence r.osts of £6112024 £691 are reflected above as Governance.
Home of Grace for Christ's Workers In London Notes to the Financial Statements For the year ended 31 December 2025 TANGIBLE FIXED ASSETS Property Fimture & Flttln8S Vehicle Total Cost: At I" January 2025 Additions. 376,CKJO 769 20,201 396,970 At 31" Decembèr 2025 376.fMIO 769 20,201 396,970 A¢tumulattd Depretl¥tlon'. At I" January 2025 Charge for the year 33,840 5.640 154 154 20,201 54,195 5.794 At 31" December 2025 39.480 20.201 59.989 Net Book Value 2025 336.520 461 336.981 Net Book Value 2024 342,160 615 342,775 The property is 34 Farrant Way, Borehamwood, Hertfordshire, WD6 4TE and was donated to the Charity during 2019. It was brought into the linancial statements ai lis estlmaied value based on th¥ee independtht desktop valuations. It is intended to be used for the Charity'5 charilable purposes. CASH & CASH EQUIVALENTS In 2021 the charity was able to set up a bank account and began the process of transferring the funds held by trustees. In 2022 this pr(eSS was completed with all remaining cash held by trustees being translerree into the bank account. A cash balance is held at the year end in the safety deposit box. CREDITORS 2025 2024 Accruals- Accountsncy fee5 9CKI 800 RELATEO PARTY TRANSAcfioN5 There were no related party transactions during the period.
Home of Grace for Christ's Worker5 In London Notes to the Financial Statements Forthe year ended 31 December 2025 NET MOVEMENT IN UP4RESTRICTED FUNDS Balae at OVOl125 Balance at 31112125 Income Expendlture Transfers General Designated- Repairs 365.142 1.481 366.623 8.404 117.1771 12161 117,3931 14201 420 355,949 1.685 357,634 8.404 Pepair lund This represents fund5 designited at the year erld for future renovations and repairs. Cash will be designated to this fund from any 5uiplus dtjring the year, as decided by the trustees.