**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
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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**| 2 ## **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 3 ## **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** 5 ## **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| 6 **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