Grace for Impact UK
Charity Number: 1194485
Trustees’ Annual Report for the Year Ended 31 March 2025
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 2025, the charity’s work remained focused on international health and wellbeing.
-
The Nigeria GFI project continued to provide targeted health initiatives and support to communities in Nigeria.
-
Partnerships with overseas organisations supported effective delivery and local engagement.
3. Public Benefit Statement
The trustees confirm that all activities undertaken during the year were carried out in line with the charity’s objectives and for the public benefit, as defined by the Charities Act 2011.
By delivering the Nigeria GFI project, the charity helped improve health awareness and wellbeing in underserved communities overseas.
4. Achievements and Performance
Key achievements in 2024–25 included:
-
Delivery of the Nigeria GFI project.
-
Strengthening of overseas partnerships and programme delivery
Financial performance:
-
Total income: £605 (donations)
-
Total expenditure: £500
o Nigeria GFI project: £500
5. Financial Review — Year Ended 31 March 2025
-
Bank opening balance (1 April 2024): £3,629.43
-
Bank closing balance (31 March 2025): £4,234.43
-
Petty cash held: £74.03
-
Amount due for payment £500
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 2025:
Adetola Elewa (Chair), Iyabo Adediran (Secretary), Atinuke Ajao, Israel Omojola, Mosunmola Abiola Oluikpe, Olutunmbi Idowu
The trustees meet regularly to:
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 2025
Receipts
Category Amount (£)
Donations 366.00
Category Amount (£)
Total Income 366.00
Payments
| Category | Amount (£) |
|---|---|
| Nigeria GFI project | 2,000.00 |
| Other activities/admin | 129.86 |
| Total Expenditure | 2,129.86 |
Net Movement in Funds
Item Amount (£) Deficit for the year (1,763.86)
Balances
Item Amount (£) Bank opening balance (1 Apr 2023) 7,363.43 Bank closing balance (31 Mar 2025) 3,629.43 Petty cash 74.03 Total funds held 3,703.46
Notes
-
Expenditure exceeded income, but 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.