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2023-10-31-accounts

Trustees’ Annual Report for the period

From 01 November 2022 Period start date To 31 October 2023 Period end date

Charity name: The Omega New Grace Church

Charity registration number: 1189304

Objectives and Activities

SORP reference
Summary of the purposes of
the charity as set out in its
governing document		 Para 1.17 We are a place of worship, we exist to
provide a place for the community and
surrounding areas to go for help,
guidance and support lead by God.
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		 Weekly worship service, Bible studies
and Prayer meeting are the main
services we have. We also do feeding
programs for the community, we do
outdoors worship on the street for
people who are unable to or fearful of
entering the building. Counselling for
people in need, job search and children
groups weekly. We do homeless projects
feeding and supporting them, signing
posting them to other services as well.
Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit		 Para 1.18 Trustees have followed all guidance
given by the Charity Commission and we
have had no issues whatsoever in this
regards.

Additional information (optional)

You may choose to include further statements where relevant about:

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

Contribution made by
volunteers		 Para 1.38 All members donate towards each
project that we do to help the people of
God, whether giving their time, using
their skills or monetary contribution.
Every adult pays their tithes and offering
and also pledges to large ventures. We
have business women and men that visit
us and give towards the projects.
Other We have applied for funding towards
warm space project for December 2023
and providing we receive it we’ll be able
to expand that area of help further.

Achievements and Performance

SORP reference
Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.		 Para 1.20 We have established a relation with the
community of Bulwell we have done
infant dedications, marriage counselling.
We have saved lives from suicide
attempts by talking and praying with
them and managing to take the weapon
off her disposing of it. We have done
feeding programs we look after the
community and pray with them. Young
men have ran off the street from trouble
we have provided shelter. We have
provided a place of refuse for the
community and we hope to do more. We
have done holiday feeding program for
2years in a row, we provide warm meals
for the homeless Christmas 2022 we
went to where they were and Brough the
food to them, we even brought some
young people with us that had a passion
~~to help~~

Additional information (optional)

You may choose to include further statements where relevant about:

Achievements against
objectives set		 Para 1.41 We have achieve most of the objectives
set for 2021 - 2022 since the end of
COVID-19 we have had 4 large events
and made plans to have our charity
concert and banquet to raise funds for
the homeless Christmas dinner.
Christmas 2022 was a success we raised
around £300 after the expenses of the
banquet, that we was abled to put
towards the homeless dinner. We was
also able to help to provide 5 of the
homeless people we met on the street
with a booking at a hostel providing stay
and Christmas dinner for homeless.
Performance of fundraising
activities against objectives
set		 Para 1.41 We have 2022 -23 met some of our
fundraising targets and we have set new
targets for 2024 that we are more than
confident that we will attach.
Investment performance
against objectives		 Para 1.41 We have done a growth plan and in order
to really help the vulnerable people of
the community we have address some of
the issues that we might have now. We
have addressed our main issues of
obtaining a bigger building. We have
found a better bigger building that we
have placed a bid on and waiting for
confirmation from the owners.
Other

Financial Review

Financial Review
Review of the charity’s
financial position at the end
of the period		 Para 1.21 We have made a small profit this year,
but the living cost have increased and it
has been a struggle for the church, but
have been evangelising to improve the
help we have and to provide more
services for the community and improve
our finances significantly.
Statement explaining the
policy for holding reserves
stating why they are held		 Para 1.22 We have no reserve currently.
Amount of reserves held Para 1.22 Zero held
Reasons for holding zero
reserves		 Para 1.22 N/a
Details of fund materially in
deficit		 Para 1.24 We have no funds in deficit.
Explanation of any
uncertainties about the
charity continuing as a going
concern		 Para 1.23 We have since had an influx of new
members and people who give their time
and gift to the church, things are much
improved.

Additional information (optional)

You may choose to include further statements where relevant about:

The charity’s principal
sources of funds (including
any fundraising)		 Para 1.47 Our main source of funds is from
members contributions, tithes and
offerings only. We have had some regular
visitors that have given to the cause and
projects as well. We are working on some
projects to create more funds for the
community.
Investment policy and
objectives including any
social investment policy
adopted		 Para 1.46 Plans are in place for investment for
2023-24. We have some grants
application in progress as well.
A description of the principal
risks facing the charity		 Para 1.46 We have no risk at present and do not
foresee any arising as we have had some
new members that has joined recently
that has a lot of skills and recourses to
offer us.
Other

Structure, Governance and Management

Description of charity’s
trusts:
Type of governing document
(trust deed, royal charter)		 Para 1.25 Trustee deed
How is the charity
constituted?
(e.g unincorporated
association, CIO)		 Para 1.25 CIO-Association
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 Trustees are elected by the committee
board and are normally from the
members of the church, any non-
members elected to trustee must be
done with a committee meeting.

Additional information (optional)

You may choose to include further statements where relevant about:

Policies and procedures
adopted for the induction
and training of trustees		 Para 1.51 Trustee undergo regular training and we
have regular meetings. We have all
signed up to attend the charity
commission training online and are
exited about gaining more knowledge
and understanding.
The charity’s organisational
structure and any wider
network with which the
charity works		 Para 1.51 We are working with the wider
community getting to know the Police in
the area and networking with other
charities.
Relationship with any related
parties		 Para 1.51
Other

Reference and Administrative details

Charity name The Omega New Grace Church
Other name the charity uses
Registered charity number 1189304
Charity’s principal address The Clock Tower
Bulwell
Nottingham
NG6 8HA

Names of the charity trustees who manage the charity

Trustee name Office (if any) Dates acted if not for
whole year		 Name of person (or body)
entitled to appoint trustee
(if any)
1
2
3
4
5		 Sharon
Manning Black		 Chair/Senior
Pastor		 From Nov/2017 The whole committee
Kimberly Bolt Treasurer/Co-
chair/Pastor		 From Nov/2017 The whole committee
Lawford Bolt Teacher/Pastor From Jan/2021 The whole committee
Tetla Hunter Hospitality/
Deacon		 From Jan/2021 The whole committee
Tyeise Tucker Youth/
Evangelist		 From Jan/2021 The whole committee

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 rf not for whole year

Funds held as custodian trustees on behalf of others

Description of the assets
held in this capacity		 None
Name and objects of the
charity on whose behalf the
assets are held and how this
falls within the custodian
charity’s objects		 n/a
Details of arrangements for
safe custody and
segregation of such assets
from the charity’s own assets		 n/a

Additional information (optional)

Names and addresses of advisers (Optional information)

Type of Name Address adviser

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 trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s)

Full name(s) Kimberly Bolt

Position (eg Treasurer Secretary, Chair, etc)

Date 12.05.2024

THE OMEGA NEW GRACE CHURCH

Charity REG.No 1189304

TRUSTEES' REPORT AND ACCOUNTS FOR THE PERIOD ENDED 31ST OCTOBER 2023

ASAMAI CONSULTING LIMITED ACCOUNTANTS, TAX & BUSINESS ADVISORS 12 BRITON STREET LEICESTER LE3 0AA

Tel: 01163195972 Fax: 01162252154 Fax: 07723363184

THE OMEGA NEW GRACE CHURCH

CONTENT
Page
Trustees and Advisers
1
Trustees' Report
2 &3
Independent Examiner`s Report to the Trustees
4		 -
Statement of Financial Activities
5
Balance sheet
6
Notes forming part of the Financial Statement 7 to 13

THE OMEGA NEW GRACE CHURCH

LEGAL AND ADMINISTATIVE INFORMATION

Trustees: Sharon Manning-Black (Chair)
Tetla Hunter (Trustee)
Lawford Bolt ( Trustee)
Tyeise Tucker (Trustee)
Kimberly Bolt (Trustee)
Registered Office: The clock tower
Commercial Road
Nottingham
NG6 8HA
Charity No. 1189304
Bankers: Natwest Bank Plc
Accountants ASAMAI CONSULTING LIMITED
ACCOUNTANTS, TAX & BUSINESS ADVISORS
12 BRITON STREET
LEICESTER
LE3 0AA

1

THE OMEGA NEW GRACE CHURCH TRUSTEES REPORT

The Trustees have pleasure in submitting their report and accounts for the period ended 31st October 2023. The financial statements have been prepared in accordance with the accounting policies set out on pages 7 to 8 and comply with the statement of Recommended Practice (SORP March 2005), and the applicable law.

Structure, Governance and Management

Constitution

The Charity is constituted under a Trust Deed dated 01 May 2020 and Charity number is 1189304, on the central register of the Charity Commission of England and Wales.

The principal objectives of the Charity is to provide counselling and help with job hunting. Family support for with food, schools issues etc.

Method of Appointment or Election of Trustees

The management of the charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust Deed.

Organisational Structure and Decision Making

The Charity is organised so that the trustees meet regularly to manage its affairs.

Related Party Relationships

There are no related party relationships during the period under review

Development activities and achievements in the year

See the trustee's report attached

Risk Policy

The Trustees have assessed the major risks to which the Charity is exposed, particularly those relating to the operations and finance and are satisfied with the risk management systems in place to mitigate any risk exposure.

Future Developments

See the trustee's report attached

Review of financial Position

The net incoming resources for the period amounted to £904(Year 2023- £ 0). All these have been unrestricted reserves and no fund is allotted to restricted projects.

2

THE OMEGA NEW GRACE CHURCH TRUSTEES REPORT CONTINUED

Reserve Policy

The trustees have established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets [the free reserves] held by the charity should be 3 months of annual expenditure. At this level, the trustees feel that they would be able to continue the current activities of the charity in the event of significant drop in funding.

Principal Funding

The main funding comes from church members in the form of tithes, offerings and seeds.

Statement of Trustees’ Responsibilities

The Charities Act requires the Trustees to prepare financial statements for each financial year, which give a true and fair view of the surplus or deficit of the charity for that period. of the state of affairs of the charity and In preparing those financial statements, the trustees are requested to:

I Select suitable accounting policies and then apply them consistently; ii Make judgements and estimates that are reasonable and prudent; iii State whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements; iv Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.

The Trustees are responsible for keeping proper accounting records 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 1993 [as amended by Act 2006]. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Trustees and other information

The members of the Board of Trustees who served during the year were:

Sharon Manning-Black (Chair) Tetla Hunter (Trustee) Lawford Bolt ( Trustee) Tyeise Tucker (Trustee) Kimberly Bolt (Trustee)

signed on its behalf by: Sharon Manning-Black(Chair)

Secretary to the Board Of Trustees

3

INDEPENDENT EXAMINER`S REPORT TO THE TRUSTEES OF THE OMEGA NEW GRACE CHURCH

We report on the financial statements of the charity for the period ended 31st October, 2023 which are set out below and notes to the financial statements on pages 7 to 13

Respective Responsibilities of Trustees and Examiners

As the charity`s Trustees, you are responsible for the preparation of the accounts; It is our responsibility to state on the basis of procedures specified in the general directions given by the charity commissioners under section 43 (7) of the act, whether particular matters have come to our attention.

Basis of Independent Examiner`s Report

Our examination was carried out in accordance with the general directions given by the charity commissioners. An examination includes review of accounting records kept by the Trustees and a comparism of accounts presented with those records.

It also includes consideration of any unusual items or disclosures in the accounts and seeking explainations from you as the Trustees concerning any such matters.

The procedures undertaken do not provide all the evidence that would be required in an audit and consequently we do not express an audit opinion on the view given by the accounts.

Independent Examiner`s Statements

In connection with the examination, no matter has come to our attention:-

_____________

Mr. Chris Jarjou FCCA CPFA MBA, MSc FFTA FFA/IPA MAAT CHIEF EXECUTIVE OFFICER ASAMAI CONSULTING LIMITED

Dated : ___

4

THE OMEGA NEW GRACE CHURCH

STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD ENDED 31ST OCTOBER 2023

NOTES
INCOMING RESOURCES
Incoming resources from generated funds:
Voluntary income
2
Investment income
3
Total Incoming Resources
RESOURCES EXPENDED
Charitable activities
8
Governance Costs
4
Total Resources Expended
7
Net Movement in funds
Total Funds Brought Forward
Total Funds Carried Forward		 UNRESTRCTED FUND
RESTRICTED FUND
TOTAL FUND
TOTAL FUND
2023
2022
£
£
£
£
128,505
-
128,505
27,664
-
-
-
-
128,505
-
128,505
27,664
-
124,647
124,647
26,913
2,954
-
2,954
585
127,601
-
127,601
27,498
904
-
904
166
295
-
129
1199
-
1199
295

There were no recognised gains or loses for the period other than those included in the statement of Financial activities

The notes on pages 7 to 13 form part of these accounts.

5

THE OMEGA NEW GRACE CHURCH BALANCE SHEET AS AT 31ST OCTOBER 2023

NOTES
2023
£
£
FIXED ASSETS
Tangible Fixed Assets
10
-
CURRENT ASSETS
Cash at Bank and in Hand
1,199
Debtor
9
-
1,199
LESS CREDITORS
Amounts falling within one year
11
-
NET CURRENT ASSETS
1,199
-
LESS CREDITORS
Less Amounts falling due after more than one year
12
-
TOTAL ASSETS
1199
CHARITY FUNDS
Restricted Funds
13
-
Unrestricted Funds
13
1199
1199
Aproval by the Board of Trustees on the _____and signed on its behalf by:		 2022
£
-
295
-
295
-
295
-
295
-
295
295

Chairman (Board of Trustees)

The notes on pages 7 to 13 form part of these accounts.

6

THE OMEGA NEW GRACE CHURCH NOTE TO THE ACCOUNTS FOR THE PERIOD ENDED 31ST OCTOBER 2023

1
1.1		 Accounting Policies
Basis of preparation of accounts

The accounts are prepared under the historical cost convention, with the exception of investment which are included at market value and include the results of the Charity operations which are described in the Trustees' Report and all of which are continuing.

The accounts have been prepared in accordance with the Statement of Recommended Practice (SORP March 2005) For Charity Accounts and the Charities Act 1993 [as amended by Act 2006] The Charity has taken advantage of the exemption in Financial Reporting Standard No. 1 from the requirement to produce a cashflow statement on the grounds that it qualifies as small charity.

1.2 Tangible Fixed Assets for use by the Charity and Depreciation

All fixed assets costing £250 or more are capitalised at cost. Tangible fixed assets for use by the Charity are stated at cost less depreciation.

Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Freehold Property Nil
Motor Vehicle 25% Reducing Balance
Fixtures & Fittings 25% Reducing Balance
Church Equipment 25% Reducing Balance
Computer Equipment 20% Reducing Balance
1.3
Incoming Resources

Main Income

The Main income is from church members in the form of tithes, offerings and seeds :

7

THE OMEGA NEW GRACE CHURCH NOTE TO THE ACCOUNTS FOR THE PERIOD ENDED 31ST OCTOBER 2023

1.4 Value Added Tax (VAT)

Value Added Tax is not recoverable by the Charity, and as such is included in the relevant cost in the Statement of Financial Activities.

1.5 Resources Expended

Resources expended are included in the Statement of Financial Activities on accruals basis. Certain costs have been apportioned between Direct Charitable Expenditure and Management and Administration on bases consistent with the use of those resources.

Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grant being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to condtions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.

1.6 Funds Accounting

Funds held by the Charity are:

Unrestricted General Fund - General Funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Restricted Funds - which were raised for particular restricted purposes and can only be used for those particular restricted purposes within the objects of the Charity.The cost of raising and administering such funds are charged against the specific fund.

Investment income, gains and losses are allocated to the approprate fund.

8

THE OMEGA NEW GRACE CHURCH NOTES TO THE ACCOUNTS (CONTINUED) FOR THE PERIOD ENDED 31ST OCTOBER 2023

2. VOLUNTARY INCOME
Total Voluntary Income
3. INVESTMENT INCOME
Rental Income
Bank Interest Receivable
Total Investment Income		 Restricted
Unrestricted
Total
Funds
Fund
Fund
2023
2023
2023
£
£
£
-
128,505
128,505
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Restricted
Unrestricted
Total
Funds
Fund
Fund
2023
2023
2023
£
£
£
-
128,505
128,505
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Restricted
Unrestricted
Total
Funds
Fund
Fund
2023
2023
2023
£
£
£
-
128,505
128,505
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Total
Fund
2022
£
27,664
-
-
-
-
-
-
- 128,505
128,505		 27,664
Restricted
Unrestricted
Total
Funds
Fund
Fund
2023
2023
2023
£
£
£
-
-
-
-
-
-		 Total
Fund
2022
£
-
-
- -
-		 -

9

THE OMEGA NEW GRACE CHURCH

NOTES TO THE ACCOUNTS (CONTINUED) FOR THE PERIOD ENDED 31ST OCTOBER 2023

4. GOVERNANCE COSTS
Accountancy & Independent Examiners
Legal and Professional Fees
5. DIRECT COSTS
Wages & Salaries
Pension
P A Y E & NIC
6. SUPPORT COSTS
Water Rate
Rent
Subscriptions
Printing, Postage and Stationary
Telephone & Internet
Bank Charges/Insurances/Licences
Sundry Expense
Travel Expenses
Electricity, Gas
Consultancy
Staff Welfare
Training & Development
Repairs & Renewals
Equipment hire
General Welfare
Purchases		 Restricted
Funds
2023
£
-
-		 Restricted
Funds
2023
£
-
-		 Unrestricted
Total
Total
Fund
Fund
Fund
2023
2023
2022
£
£
£
-
-
-
2,954
2,954
585		 Unrestricted
Total
Total
Fund
Fund
Fund
2023
2023
2022
£
£
£
-
-
-
2,954
2,954
585
- 2,954
2,954
585
Basis of
Allocation
Actual
Actual
Actual
Basis of
Allocation
Actual
Actual
Actual
Actual
Actual
Actual
Actual
Actual
Actual
Actual
Actual
Actual
Actual
Actual
Actual
Actual		 Total
Total
2023
2022
£
£
£
-
-
-
1,596
-
-
-
-
1,596
Total
Total
2023
2022
£
£
£
4,166
4,166
2,520
7,730
7,730
11,833
-
-
-
-
-
308
1,616
1,616
720
1,609
1,609
-
811
811
16
8,469
8,469
741
3,241
3,241
2,915
7,006
7,006
-
3,858
3,858
533
827
827
-
2,908
2,908
1,920
5,444
5,444
3,811
-
-
-
76,962
76,962
124,647
124,647
25,317

10

THE OMEGA NEW GRACE CHURCH NOTES TO THE ACCOUNTS (CONTINUED) FOR THE PERIOD ENDED 31ST OCTOBER 2023

7. ANALYSIS OF RESOURCES EXPENDED BY EXPENDITURE TYPE

Depreciation Other Costs Total Total
2023 2023 2023 2022
£ £ £ £
Direct & Support Cost
-		 124,647 124,647 -
Governance
-		 2,954 2,954 585
- 127,601 127,601 585
8. ANALYSIS OF RESOURCES EXPENDED BY ACTIVITIES
Activities
Undertaken Support
Directly Cost Total Total
[Note-5] [Note-6]
2023 2023 2023 2022
£ £ £ £
Direct & Support Cost
-		 124,647 124,647 -
- 124,647 124,647 -

The average number of staff employed by the Charity during the year was X (2019 X)

No Trustee has received remuneration in the year. No expenses have been reimbursed to any of the Trustees. No Employees whose emoluments exceeded £50,000. No Trustee received any benefit in kind

9. DEBTORS
Due Within One Year
Other Debtors
Prepayments
Accrued Income
Due after more than one year
Accrued Income
Loan		 2023
2022
£
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-

11

THE OMEGA NEW GRACE CHURCH NOTES TO THE ACCOUNTS (CONTINUED) FOR THE PERIOD ENDED 31ST OCTOBER 2023

10.TANGIBLE FIXED ASSETS
Cost At 1st November 2022
Additions
Disposals
At 31st October 2023
DEPRECIATION
At 1st November 2022
Charge for the year
Disposal
At 31st October 2023
NET BOOK VALUE AT 31ST OCT. 2023
NET BOOK VALUE AT 31ST OCT. 2022
The net book value of assets held under finance
as follows
Motor Vehicle
11. CREDITORS
Amount falling due within one year
Acrued Expenses
Bank Overdrafts		 Freehold & Property
£
-
-
-		 Freehold & Property
£
-
-
-		 Motor Vehicle
£
-
-
-		 Equipmen F & Fittings
£
-
-
-		 Computer
Equipment
TOTAL
£
£
-
-
-
-
-
-
- - - -
-
-
-
-		 -
-
-		 -
-
-		 -
-
-
-
-
- - - -
-
- - - -
-
- - - -
-
le ases or hire purchase contracts, include
2023
£
-		 d above are 2022
£
-
2022
£
-
-
-
-
-
-
-
2023
£
-
-
-
-
-
-
-

12

THE OMEGA NEW GRACE CHURCH NOTES TO THE ACCOUNTS (CONTINUED) FOR THE PERIOD ENDED 31ST OCTOBER 2023

12. CREDITORS 2023 2022 £ £ Amount falling after more than one year Acrued Expenses - - Other Creditors - - - - - Creditors include amounts not wholly repayable 2023 2022 within 5 years as follows: £ £ Repayable by instalments - - - -

----- Start of picture text -----
13. STATEMENT OF FUNDS Brought Incoming Resources Carried
Forward Resources Expended Forward
Unrestricted Funds £ £ £ £
General Funds- all funds 295 128,505 127,601 904
- - - -
Restricted Funds
Building Fund - - - -
Total of Funds 295 128505 127,601 904
SUMMARY OF FUNDS Brought Incoming Resources Carried
Forward Resources Expended Forward
£ £ £ £
General Funds 295 128,505 127,601 904
Restricted Funds - - - -
- - - -
295 128,505 127,601 904
14. ANALYSIS OF NET ASSETS BETWEEN- Restricted Unrestricted Total Total
FUNDS Funds Funds Funds Funds
2023 2023 2023 2022
£ £ £ £
Tangible Fixed Assets - - - -
Debtors Due after more than 1 Year - - - -
Current Assets - 1,199 1,199 295
Creditors Due within one year - - - -
Creditors Due in more than one year - - - -
- 1199 1199 295
----- End of picture text -----

15. RELATED PARTY TRANSACTIONS

13

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