Works of Grace Annual Report and Accounts - Year Ending December 31[st] 2022
Introduction:
Works of Grace is a UK-based charity organization that aims to advance the Christian religion worldwide, for the benefit of the public by providing financial assistance to fund places of worship, raise awareness and understanding of religious beliefs and carrying out religious devotional acts, missionary and outreach work based on the Christian faith. Also to support the prevention or relief of poverty. The following report presents the financial statements for the year ended December 31[st] 2022 to provide an overview of the charity's financial performance and position during this period.
Statement of Financial Activities:
The Statement of Financial Activities summarizes the income and expenditure of Works of Grace for the year ended [Insert Year]. The figures presented below are in GBP (£).
Income:
-
Donations and Grants: £0.00
-
Fundraising Events: £0.00
-
Investment Income: £0.00 - Other Income: £0.00 Total Income: £0.00
Expenditure:
- Charitable Activities: £0.00 - Governance Costs: £0.00 - Fundraising Costs: £0.00 Total Expenditure: £0.00
Net Income/(Loss): £0.00
Statement of Financial Position:
The Statement of Financial Position provides an overview of Works of Grace's assets, liabilities, and net assets as of December 31[st] , 2022. The figures presented below are in GBP (£).
Assets:
- Cash and Cash Equivalents: £0.00 - Investments: £0.00 - Property, Plant, and Equipment: £0.00 - Other Assets: £0.00 Total Assets: £0.00
Liabilities:
- Accounts Payable: £0.00 - Grants Payable: £0.00 - Other Liabilities: £0.00 Total Liabilities: £0.00
Net Assets: £0.00
Conclusion:
Works of Grace was in its formative period and has not yet commenced its charitable activities during the year ended December 31[st] 2022. The charity's financial position remained at the startup
stage, with a no income, no assets and no liabilities. We hope to become financially active in the coming years and would be looking to utilize our resources effectively to further our mission and make a positive impact in the community.
We would like to express our gratitude to all our supporters for their unwavering support. Their moral contributions have been instrumental in helping Works of Grace to remain positive about the future. We look forward to working together year ahead as we strive to create a better future for those in need.
On behalf of Works of Grace, we extend our heartfelt thanks to everyone involved in our journey.
Olasoji Agboola Trustee and Head of Charity 30/10/2023