**Grace for Impact UK** 

**Charity Number:** 1194485 

## **Trustees’ Annual Report for the Year Ended 31 March 2023** 

## **1. Purpose and Aims** 

Grace for Impact UK exists to promote better health and wellbeing for individuals and communities who are underserved or vulnerable. 

- Our purpose is rooted in compassion: to share knowledge, provide guidance, and offer practical help that strengthens lives. 

- We aim to advance health, save lives, and uplift communities both in the UK and internationally, working wherever we can make a positive difference. 

## **2. Objectives and Activities** 

During the year ended 31 March 2023, the charity continued to focus on international health and wellbeing initiatives. 

- The Nigeria GFI project remained a key programme, supporting communities in Nigeria. 

- The Hope for Health Project and Eye Clinic Support, extending the charity’s overseas health support. 

- Partnerships in Nigeria and the United States continued to strengthen programme reach and effectiveness. 

## **3. Public Benefit Statement** 

Through the Nigeria GFI and Hope for Health & Eye Clinic Support, the charity improved access to health education and practical support for vulnerable communities overseas. 

## **4. Achievements and Performance** 

Key achievements in 2022–23 included: 

Delivery of the Nigeria GFI project. 

Hope for Health Project. 

Eye Clinic – Vision Support 

- Continued development of international partnerships. 

## **Financial performance:** 

- **Total income:** £405 (donations) 

- **Total expenditure:** £2,000 

   - Nigeria GFI project: £1,500 

   - Hope for Health (£250 & Eye Vision £250) : £500.00 

   - Other activities: balance of expenditure 



## **5. Financial Review — Year Ended 31 March 2023** 

- **Bank opening balance (1 April 2022):** £6,958.43 

- **Bank closing balance (31 March 2023):** £7,363.43 

- **Petty cash held:** £0.00 

Trustees maintained reserves to ensure continuity of operations. The majority of funds were used directly for charitable activities, ensuring effective delivery of objectives. 

## **6. Structure, Governance and Management** 

Grace for Impact UK is governed by its Board of Trustees, who are responsible for strategic oversight and compliance. 

## **Trustees serving during the year ended 31 March 2023:** 

Adetola Elewa (Chair), Iyabo Adediran (Secretary), Atinuke Ajao, Israel Omojola, Mosunmola Abiola Oluikpe, Olutunmbi Idowu 

The trustees meet regularly to: 

- Monitor charitable activities. 

- Review financial performance. 

- Make strategic decisions to advance the charity’s aims. 

## **7. Statement of Trustees’ Responsibilities** 

The trustees are responsible for ensuring that: 

- The charity complies with its governing document and the Charities Act 2011. 

- The accounts give a true and fair view of the charity’s financial position. 

- Accounts are prepared on a Receipts and Payments basis in accordance with applicable regulations. 

The trustees confirm that they have discharged these responsibilities during the year. 



**Appendix: Receipts & Payments Statement** 

**For the year ended 31 March 2023** 

**Receipts** 

|**Category**|**Amount (£)**|**Amount (£)**||
|---|---|---|---|
|Donations|405.00|||
|**Total Income**|**405.00**|||
|**Payments**||||
|**Category**||**Amount (£)**||
|Nigeria GFI project||1,500.00||
|Hope for Health||250.00||
|Eye Vision Support||250.00||
|**Total Expenditure**||**2,000.00**||
|**Net Movement in Funds**||||
|**Item**||**Amount (£)**||
|Defcit for the year||(1,595.00)||
|**Balances**||||
|**Item**|||**Amount (£)**|
|Bank opening balance (1||Apr 2022)|6,958.43|
|Bank closing balance (31 Mar 2023)|||7,363.43|
|Petty cash|||0.00|
|**Total funds held**|||**7,363.43**|
|Amount due for payment||£1,896.11||



## **Notes** 

- Although expenditure exceeded income, reserves were sufficient to cover the deficit. 

- Trustees maintained reserves to ensure continuity of operations and financial stability. 

- Accounts prepared on a **Receipts & Payments basis** in accordance with the Charities Act 2011.