30/04/2023
Trustees’ Annual Report for the period
From 04/04/2022 Period start date To Period end date
Charity name: Saving Grace Worship Centre International
Charity registration number: 1194035
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, in particularly but not exclusively, the provision of a place of support to the community, provision of free resources that can help individuals in turning their dreams to reality, providing teachings on the bible, living and communicating within a Christian ethos and providing relief to those in need. |
| Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identifiedinthe accounts. |
Para 1.17 and 1.19 |
Advancing Christian Faith Provision of free resources for the advancement of Christian faith Providing relief to those in need |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | Yes the trustees have had regard to the guidance issued by the Charity Commission 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
| 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 | This is our 2ndyear of operation. We have structured the charity in relation to our purpose and have put processes in place to ensure we carry out our charitable purposes. The charity registered still continues with thirty- one eight which has provided resources and training materials for our trustees and volunteers and also supervises our safeguarding and CRB registrations for our volunteers and trustees We have ensured the provision of teaching on the bible and living and communicating within a Christian ethos. We do this by organising meetings three times a week and on Sundays so we can support our members. We also organised sessions for the young adults |
Additional information (optional) You may choose to include further statements where relevant about:
| Achievements against objectives set |
Para 1.41 | we now have a regular meeting with young adults where we create session to answer their questions relating to life, spiritual fulfilment and career choices based on biblical principles. The group is growing and many of them have been transformed into betteradults. |
| Performance of fundraising activities against objectives set |
Para 1.41 | |
| Investmentperformance | Para 1.41 |
against objectives Olher
Financial Review
| Financial Review | ||
|---|---|---|
| Review of the charity’s financial position at the end of the period |
Para 1.21 | The charity got some donations from its members to fund our charitable activities and we have some surplus which we intend to apply in support of our charitable work inthe coming year. |
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | We hold the reserve so we can apply it to meeting our objectives in the coming year as we envisage greater participation in our secondyear |
| Amount of reserves held | Para 1.22 | £ 8,849 |
| Reasons for holding zero reserves |
Para 1.22 | |
| Details of fund materially in deficit |
Para 1.24 | |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 | |
| Additional information (optional) Youmay choose toincludefurtherstatementswhererelevant about: |
||
| The charity’s principal sources of funds (including any fundraising) |
Para 1.47 | Our Principal sources of fund are from church members who believe in our charitable work. We raise fund from offerings on Sundays and voluntary donation at any time from church members |
| Investment policy and objectives including any social investment policy adopted |
Para 1.46 | |
| A description of the principal risks facing the charity |
Para 1.46 | The landlord of our present place of worship has received an approval for the demolition of the buildings and all the surrounding buildings. So we have been served a notice together with other tenants of the building to vacate the property. So our concern is securing another place of worship and meetings |
| Other |
Structure, Governance and Management
| Description of charity’s trusts: |
Foundation (CIO) | |
|---|---|---|
| Type of governing document (trust deed,royalcharter) |
Para 1.25 | Foundation Model Constitution |
| How is the charity constituted? (e.g unincorporated association, CIO) |
Para 1.25 | 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 |
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 | |
|---|---|---|
| The charity’s organisational structure and any wider network with which the charity works |
Para 1.51 | |
| Relationship with any related parties |
Para 1.51 | |
| Other |
Reference and Administrative details
| Charityname | SavingGrace WorshipCentre International |
|---|---|
| Other name the charityuses | |
| Registered charity number | 1194035 |
| Charity’s principal address | 181 Constitution Road Chatham ME5 7DJ |
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(if any) |
|---|---|---|---|---|
| Oludotun Ologunebi |
Chair | |||
| Agnes Remice | Secretary | |||
| Racheal Alabi | ||||
– 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
Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets
Additional information (optional)
Names and addresses of advisers (Optional information)
| Type of adviser |
Name Address |
Name Address |
|---|---|---|
| Accounta nt |
Arlene Samuel-Asong | AOA Accounting Services Ltd |
| 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) Position (eg Secretary, Chair, etc) Date |
||
|---|---|---|
Oludotun Tinuola Ologunebi |
Agnes Remice | |
Chair |
Secretary | |
| 24/02/2024 |
SAVINGS GRACE WORSHIP CENTRE INT’L
Registration Number: 1194035 (England and Wales)
Unaudited statutory accounts for the year ended 30[th] April 2023
Period of accounts Start date: 1[st] May 2022 End date: 30[th] April 2023
SAVINGS GRACE WORSHIP CENTRE INT’L Contents of the Financial Statements For the Period Ended 30[th] April 2023
| Trustees report | 3 |
|---|---|
| Profit and Loss Account | 4 |
| Balance Sheet | 5 |
| Notes to the Accounts | 6-7 |
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SAVINGS GRACE WORSHIP CENTRE INT’L
Trustees' report period ended 30[th] April 2023
The trustees present their report with the financial statements of the organisation for the period ended 30[th] April 2023
Trustees
The trustees shown below have held office during the period from: -
1[st] May 2022 to 30[th] April 2023
-
Dr Oludotun Tinuola Ologunebi
-
Agnes Remice
-
Racheal Omotola Alabi
This organisation is a charity and prepare reports complying with The Charity Commission and Generally Accepted Accounting Practice (UK)
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
This report was approved by the Trustees on
26[th] February 2024
And signed on behalf of the board by:
Name: Dr Oludotun Tinuola Ologunebi
Status: Chair
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SAVINGS GRACE WORSHIP CENTRE INT’L Profit And Loss Account for the Period Ended 30[th] April 2023
| Note Income and endowments from: Donation 2 Other Income Total Expenditure on: Charitable activities 3 Total Net (losses)/gains on investments Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward 5 |
2023 Unrestricted Funds £ |
|---|---|
| 21,698 95 |
|
| 21,793 | |
| 17,519 | |
| 17,519 - |
|
| 4,274 4,575 |
|
| 8,849 |
4
SAVINGS GRACE WORSHIP CENTRE INT’L Balance Sheet as at 30[th] April 2023
| Note | 2023 | 2023 | ||
|---|---|---|---|---|
| £ | £ | |||
| Current assets | ||||
| Cash at bank | 4 | 8,849 | ||
| 8,849 | ||||
| Creditors -Amounts falling due within one year | ||||
| - | ||||
| Net current assets | 8,849 | |||
| 8,849 | ||||
| Creditors-Amounts falling due after more than one year | ||||
| Loans | - | |||
| Net assets | 8,849 | |||
| Income funds | ||||
| Unrestricted funds | 5 | 8,849 |
The notes on page 6-7 form part of these financial statements
The financial statements were approved by the trustees and authorised for issue on 26[th] February 2024
…………………………………
Dr Oludotun Ologunebi Chair
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SAVINGS GRACE WORSHIP CENTRE INT’L
Notes to the Financial Statements for the Period Ended 30[th] April 2023
1. Accounting policies
Basis of measurement and preparation
These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102 .
2. Donations
| 2. Donations | |
|---|---|
| 2023 | |
| Donations Received | (21,698) |
| Other Income | (95) |
3. Charitable Activities
| 3. Charitable Activities | |
|---|---|
| 2023 | |
| Gifts Paid | 206 |
| Miscellaneous Expenses | 777 |
| Rent | 6,000 |
| General Rates | 739 |
| Electricity | 1,756 |
| Venue Hire | 3,245 |
| Events- Speaker | 1,476 |
| Events- Catering and Food | 436 |
| Printing | 357 |
| Stationery | 56 |
| Hotels | 1,290 |
| Instrumentation / Pianist | 320 |
| Cleaning | 86 |
| Youth Conference | 213 |
| Donations Paid | 563 |
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2023 8,849
4. Cash at Bank
Cash at Bank
| 5. Unrestricted Funds | |
|---|---|
| 2023 | |
| Balance Brought Forward | 4,575 |
| Movement for the year | 4,274 |
| Balance Carried Forward | 8,849 |
7