2024-04-30-accounts - Saving Grace Worship Centre International

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Trustees’ Annual Report for the period

From 01/05/2023 Period start date To 30/04/2024 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 3rdyear of operation. The structure and processes put in place to ensure accountability and responsibility towards our charitable purposes are more established. The charity 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 teachings on the bible which have enabled our members and the community that joins us to live and communicate within a Christian ethos. We still continue to hold our meetings three times a week and on Sundays so we can support our members.We also organised weekly sessions for the young adults which is now thriving and many youths have benefitted from the sessions.

Additional information (optional) You may choose to include further statements where relevant about:

Achievements against objectives set	Achievements against objectives set		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 better adults.
	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 better adults.

Performance of fundraising activities against objectives set	Para 1.41
Investmentperformance	Para 1.41
against objectives
Other

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 in the coming year. The Charity’s fund also exceeded £25,000. This has led to the addition of independent examiner’s report to our annual returns
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	£ 20,486
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)

You may choose to include further statements where relevant 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	We are in the process of security another property for Worship
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) Agnes Remice Oludotun Tinuola Ologunebi Position (eg Secretary, Chair Secretary Chair, etc) Date 24/02/2025

SAVINGS GRACE WORSHIP CENTRE INT’L

Registration Number: 1194035 (England and Wales)

Unaudited statutory accounts for the year ended 30[th] April 2024

Period of accounts Start date: 1[st] May 2023 End date: 30[th] April 2024

SAVINGS GRACE WORSHIP CENTRE INT’L Contents of the Financial Statements For the Period Ended 30[th] April 2024

Trustees report 3 Profit and Loss Account 4 Balance Sheet 5 Notes to the Accounts 6-8

SAVINGS GRACE WORSHIP CENTRE INT’L

Trustees' report period ended 30[th] April 2024

The trustees present their report with the financial statements of the organisation for the period ended 30[th] April 2024

Trustees

The trustees shown below have held office during the period from: -

1[st] May 2023 to 30[th] April 2024

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

27th February 2025

And signed on behalf of the board by:

Name: Dr Oludotun Tinuola Ologunebi

Status: Chair

SAVINGS GRACE WORSHIP CENTRE INT’L Profit And Loss Account for the Period Ended 30[th ] April 2024

		2024	2023
		Unrestricted Funds £	Unrestricted
	Note		Funds
			£
Income and endowments from:
Donation	2	33,828	21,698
Other Income		0	95
Investment income
Total		33,828	21,793

Expenditure on:
Charitable activities	3	22,191	17,520
Total		22,191	17,520

Net (losses)/gains on investments
Net movement in funds		22,191	17,520

Reconciliation of funds:
Total funds brought forward		21,794	4,274
Total funds carried forward	5	43,985	21,794

SAVINGS GRACE WORSHIP CENTRE INT’L Balance Sheet as at 30[th] April 2024

	Note	2024	2023

		£	£
Current assets
Cash at bank	4	20,486	8,849
		20,486	8,849
Creditors -Amounts falling due within one year

Net current assets		20,486	8,849
		20,486	8,849

Net assets		20,486	8,849

Income funds
Unrestricted funds	5	20,486	8,849

The notes on page 6-8 form part of these financial statements

The financial statements were approved by the trustees and authorised for issue on 27th February 2025

…………………………………

Dr Oludotun Tinuola Ologunebii

Chair

SAVINGS GRACE WORSHIP CENTRE INT’L

Notes to the Financial Statements for the Period Ended 30[th] April 2024

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

	2024	2023
	£	£
Donations Received	33,828	21,698
Other Income	-	95

3. Charitable Activities

	2024	2023
	£	£
Gifts Paid	962	206
Miscellaneous Expenses	0	777
Rent	8,181	6,000
General Rates	900	739
Electricity	1,325	1,756
Venue Hire	983	3,245
Events- Speaker	850	1,476
Events- Cateringand Food	1,506	436
Printing	-	357
Stationery	-	56
Hotels	-	1,290
Instrumentation / Pianist	35	320
Cleaning	-	86
Youth Conference	-	213
Donations Paid	50	563
Website & Software Maintenance	751	-
Professional Subscription	145	-
Travel	632	-
Retreat	1,180	-
Books & Magazine	(20)	-
Service charge	3,591	-
Church Entertainment	160	-
Event Material	348	-
Audit and Accountancy Fees	150	-
Equipment Purchase	451	-
Subscriptions - Companies Hse	13	-

Venue hire for the year was £2,043, there was a refund in 2024 which related to the 2023 expenses of £1,060, this resulted in net expenses in 2024 of £983.

4. Cash at Bank

	2024	2023
	£	£
Cash at Bank	20,486	8,849

5. Unrestricted Funds

	2024	2023
	£	£
Balance Brought Forward	8,849	4,575
Add Charitable Activities in theyear	(22,191)	(17,520)
Movement for theyear	33,828	21,794
Balance Carried Forward	20,486	8,849

Independent Examiner’s Report to the Trustees of Saving Grace Worship Centre

AOA Accounting Services Ltd report on the accounts of Saving Grace Worship Centre for the financial year ended 2023/24 , which have been prepared on the Receipts and Payments / Accruals basis.

Respective Responsibilities of Trustees and Examiner

The trustees of the charity are responsible for the preparation of the accounts in accordance with the Charities Act 2011 . The trustees consider that an audit is not required for this year under section 144 of the Act, and that an independent examination is needed.

As an independent examiner, it is my responsibility to:

Examine the accounts in accordance with section 145 of the Charities Act 2011
Follow the procedures set out in the Charity Commission guidance CC32 ;
State whether particular matters have come to my attention.

Basis of Independent Examiner’s Report

I have examined the accounting records kept by the charity and compared the accounts presented with those records. I have also considered any unusual items or disclosures in the accounts and sought explanations from the trustees concerning such matters. My examination was limited to the procedures required under the Charities Act 2011 and did not include a full audit.

Independent Examiner’s Statement

Based on my examination, no matter has come to my attention which gives me cause to believe that in any material respect:

The accounts have not been properly prepared in accordance with section 130 of the Charities Act 2011 ;
The accounts do not agree with the underlying accounting records;
The charity has not met its responsibilities under the Act with regard to maintaining adequate accounting records.

During the financial year, total donations received amounted to £33,828 , compared to £21,793 in the previous year. This increase was primarily due to a one-off donation of £11,919 received during the year.

Expenditure on charitable activities totalled £22,191 , up from £17,520 in the previous year, reflecting the charity’s ongoing commitment to delivering its objectives.

Independently Examined by:-

The Old Rectory, Northfleet, Gravesend, Kent, DA11 8HN

+44 (0) 33 3335 5939

Info@aoaaccountingservices.com

Alison Hopkins (ACCA) AOA Accounting Services Ltd Date: 28/02/2025