Saved By G￿e FoundallL Charity No. 1799695 Company No. Trustees. Rewt arKJ UnaLkdlled Pmxmls 31 Decemiw 2024 cs Camscanner Saved By Grace Foundation Contents Pages Trustees. Annual Report Independent Examiner's Rep)rt Slalement of Flnanclal Aclivltles Summary Income and Expenditure Accounl Balance Sheel Statement of Cash flow•S Notes to the Accounts Delalled Slatement of Flnandal Aclmlles 9lo13 14 cs Camscanner Saved By Cifiice foutYliilk)n Twsloc5 Annual ReFX)I I The InJslL*S. who ale also dIrecl￿5 of Ihe charlly Ihe purF(Jses of Ihe Companles Act 2LK$6. esenl Iheir rewrt wllh Ihe unaLKllled fina￿la1 slalements of the charlty lor Ihe year ended 31 Oocember 2024. REFERENCE AND ADMINISTRATIVE OETAILS Company No. Charlly No. 1199695 Princlpal Office 43 Graveney Pl Millon Keyr￿S MK6 3LU Reglslered Office 43 Graveney Pla sprlngfield Mlllon Keyne5 MK6 3LU Dir￿lor$ and Trustees The Directors of the charltable comparyare Its Tn￿tee$ the purposes of charlty law. The followlng DIrect￿$ and Trustees served durlry the year: Dr Peter Adura Lols Adura Prof Kohol loN*m Rev Fr Emmanuel OKwnl Key man￿]eMent Personnel Chalr Trustee Accountants Lols Adwa Dr Peter Terfa Adura Anchor Buslness Solultons Ltd 1-24 Acorn House, 351-397 Mldsummer Bwlevard Milton Keynes B￿kS MK9 3HP Bankers Cashplus Bank London SE12QG OBJECTIVES AND ACTIVITIES Page 2 cs Camscanner Saved By Grace Foundation Truslees Annual Rewrt Saved By Grace Foundatlon Is a tharilable n(KFprofll organlzallon sel up lo wovlde support lo vulnerable and disadvantaged persons wilhin Mlllon Keynes communllles having issues Ilke domesllc abuse. deslilullon, family pyoblems, homelessness, Immigratlon and legal challerqes. The foundallon helps these individuals navigale s(Kial seThlce5 a￿1 build confKkn to seek for help. l. Creale awareness.. By sIgnF￿]St1Trj and ed￿all￿ ccrfnmunlty aly￿1 Ihe available resources and support for Ihem. 2. Empowerffenl thrwh education.. Relleve by facllllatlNJ access to educatlon and bas￿ life skllls The Trustee5 are resFKJn51ble for keeplrrfj proper acciMmllr4J records Ihal dlsclose wllh reasonable accuracy at any IlffE Ihe fInar￿la1 Frf)sltlon of the tharity and to enable Ihem to en5we that the llnanclal slalemenls comply wllh the Companles Act 2(M]6. The Trustees are also responslble for safeguardlry the assets of the charity and hence taklTrJ reasonable sleps lor the preventk)n and detecllon of fiaud and olher Irregularllles. The above repm has been prepared In accordarKe wllh Ihe pr(Nlslon5 applkable lo companles sublecl lo the small companles reglme as sel oul In Parl 15 01 Ihe Companles Acl 2IY)6 and In accordance wllh the Charllles SORP (FRS 102). SlgnedDn he board Lols Adura Truslee 31 December 2024 Page 3 cs Camscanner Saved By Grace Foundation Independent Examiners Report Independent Examiner's Report to the trustees of Saved By Grace Foundation I report to the charity trustees on my examination of the financial statements of Saved By Grace Foundation for the year ended 31 December 2024. ## Responsibilities and basis of report As the charity's trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act. Having satisfied myself that the financial statements of the Charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's financial statements as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act. ## Independent examiner's statement I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe: - accounting records were not kept in accordance with section 386 of the 2006 Act ; or - the financial statements do not accord with those records; or - the financial statements do not comply with the accounting requirements under section 396 of the 2006 Act other than any requirement that the financial statements give a 'true and fair' view which is not a matter considered as part of an independent examination; or - the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. Tolulope Fasanya, AFA MIPA Institute of Financial Accountants Anchor Business Solutions Ltd - 1 24 Acorn House, 351-397 Midsummer Boulevard Milton Keynes Bucks MK9 3HP 31 December 2024 Page 4 nvpd fly ¢￿￿Ce l Trindii IIM SIAlompnl nl I InHnrlhl hcllvlllol lor Ihv pndThl JI ?024 Unvosliklod lunds lolal lurth lolal lu￿1$ 2024 2024 2023 Nolos Incomo and endowmenls Irom.. D(MUlk)ns aThl Icgacles 410 410 5.150 Total 410 410 5.150 Expcndllure on: Charllable ¥llvllles 240 240 5.5( Tolal 240 240 5.560 Nei galns on Investments Nel IrKome/(expendlture) Tr3nsler5 belween funds Nel Income/{expendlture) tel(Ke other galnsl{losses) Other galns and losses Net movemenl In funds 170 170 (410) 170 170 (410) 170 170 (410) ReconcSllatlon of funds.. Total funds brought forvrard Total furKts ca￿led forward (410) (410) 1240) (240) (410) Page 5 cs Camscanner Saved By Grace Foundallon &Jmmary Income aNI EXpe￿IllUre Acc￿1 f(￿ Ihe year ended 31 December 2024 2024 2023 Incorne 410 5,150 Gross Income for Ihe year ExFtndilure 410 5,150 5.560 240 Total expenditure for Ihe year Nel incomel{experKlllwe) before tax the year Net Inco￿￿ /(expeThllture)for Iheyear 240 5,560 170 (4101 170 {410) Page 6 cs Camscanner I III iAn( p l hl .11 l)TriYn1￿ Al24 I"iimiN)ny No Niil ?4 2] l-.iJryDnl Caih al In 10 io Li(%l11(n AM￿nI lallw dur wrflhln onp. Nel Ilablllllos 1?40) 1?40) (240) (240) (4￿} (410) {410) Ioial akwls Cufft￿l Ilabllllle5 Nel Iliibllllles oxcludliYJ FKq151M 8s5ol or Ilablllly Total nel Ilabllllle5 1240) (4101 The luTrJs ol Ihe charlly Resirlcled funds Unreslrlcled funds General lunds (240) (240) {4101 (4101 Total funds (240) (410) These acC(￿nIS have been prepared In ￿0rda￿e wllh s￿la1 w0￿S1onS ol P* is of the Companles Act 2006 relatlng lo small c(Nnpanles. For the year ended 31 Derember 2024 the companyvrns enlllled lo exerrwikn under secllon 477 01 the Cory)anles Act 2￿0 relallng lo small companles. The members have requlred Ihe c(xnpany io obtaln an audlt In ac￿da￿e wllh 5ectlon 476 of the Companies Act 2006. The dIrec1￿5 aCkr￿ledge Ihelr re5FKJnslbllltles lor o)mplylNJ vAth tf* requlremenls of the Companles Act 21116 wlth respect to accounllry r￿ordS and I1￿ preparat1￿ of &counls. Approved by the tM)ard on 37 December 2024 And slgned on Ils behalf by.. Lols Adura Truslee 31 Decernber 2024 Page 7 cs Camscanner Sil vod By Grcice I￿nd111( Sliilemenl ol Cash flow5 lot Iho yoar on(kid 31 DLyeml￿I X)24 2024 2023 C.Ish flov•S Imm ¢¥)eralln9 acllvllles Nel Income/(exper¥Jllure) FL¥ Slalemenl ol Flnanclal Ac1Ml￿5 170 (410) Nel cash pThkled byl(used In) otmatlng acllvllles 170 (410) Nel cash from InvesllrKJ acti￿17e$ Net cash from flnandrKJ actlvllles Nel Increasel(decreasÈ) In cash and o5h equlvalenls 170 (410) Cash and cash equfvalenls at the bgjlnnlng of the y 10 Cash aThl cash equlvalenls al the erxl of Iheye¥ {410} Com￿nentS of cash and tash equlvalent5 Cash aThJ bank balances io 10 Page 8 cs Camscanner Kiv(Yl14y f•liiCV I IMifidi)Ilf)n Nnles ID Ihp Ai-riiiinl for Ihr Ypiil .11 l)proml)ei ￿?4 I AL'c(xJnlliw i)ollclp ILiil% DI pippAiallon Iho Ilnhnclal sliilomonls havo been Prepared In aCcOrda￿e wtlh Acc(wnllng and RerA)rtlry ty Ch3rlllc%. Slcil(qnpnl ol RLYomrnoTrJed Pracllco ap￿1(abl0 lo charllles preparln9 Ihelr accovnls In accordarKe Ihp Flnanclal RepNllng Standard applkable In UK a￿1 Republlc ol Ireland {FRS 102) (effecllve 1 January 2015) - (CharSlles SORP (FRS 1021). the FInar￿la1 Rep)rtINJ SI￿dard appllcable In the UK and Rcpubllc of Ireland (FRS 102) arKI the CThnpanles Act 2[￿. Change In bas15 of ￿¢rAjnI[￿ or lo prevlous accwnls There has been no change lo the accounllng polkles {valuallon mles and ff￿11￿)d ol accwnllThJ) slnce lasi year and no changes ha¥* t*en mats lo accounls lor previous years. Fu￿1 accounling Unrestricted f￿dS These are available use al t1EdtsCrell¢￿ of ihe tn￿leeS In furtherance of the general objects of the charity. Designaled fuThJs These are unrestrlcted fuTrJs earmarked by the tntslees for partIc￿[ purposes. Revaluallon furKts These are unreslrlcled funds whlch Include a revaluallon reserve rewesentlr¥J the reslalernenl of Inveslmenl assets al Ihelr markel values. These are avallable use subjecl lo restrlclloTrs Imposed by donor or through lemis of an appeal. Reslrkled fuThls Income RecognItIc￿ of Income Ir￿me Ls IrKluded In t1￿ Slalemenl of FIna￿la1 Acllvltles (SOFA) when the charlty b￿oMeS entltled to. aTrJ vlrtualty ￿rtaIn lo recefve. the income aThJ the amount of IIE I￿)rne w be measured wllh sufflclenl relwjlllty. Incoff* wlth related Where lrtome has related expendllure the IFKome related expendlture Is expendlture reported uToss In the SOFA. [knall￿5 and legacles Volunlwy IrKome recelved by way of gran15. donallon5 and gSfls Is I￿luded In the the SOFA when recefvable and only wtkn Ihe Charlly has uncorKllllon31 entitlement to the Ir￿Orne. Tax reclalms on Inc(xne from tax reclalms Is Ind￿led h the SOFA at the sarne tlme as the donallons and g1ft5 glftldonallon to whlch It relates. Donated servl These are only Induded In Income (wllh an equlvalent amount In expendllure) and facllllles where the b￿fil lo Ihe Charlly Is reasonably quantlllable, measurable and rnalerlal. Volunteer help The value of any I￿￿teer help r￿e1ved Is not I￿1￿le￿ In the accounts. Investment Income Thls Is Included In the Kcounls when recelvable. Galns1(losses) on Thls IrKludes any galn or loss rewlllTh3 from revalulng Inveslments lo market value revaluatlon of flxed al end of the yw. assets Galnslllosses) on Investment assels Thls 5rKludes any galn or loss on sale of Inveslmenls. Page 9 cs Camscanner Snvrd Ay Cililfv l (xlndtilky) Nnlpi lo Ihv Arrniinls I&N(Nnlllon ol okppndlluro I xpotKlllurc Is iocognlsod on an Kcruals basls. IMpe￿IllUr0 I￿￿105 Any VA T vthkh canrKJI bo luHy rLy0￿red, and Is rowlcd as parl ol ol￿ndlI￿e lo vrt)kh11 rolales. Iipendllure on These compr15e It￿ cosls asstxlaled wllh allracilrKJ vdunlary ItKcrfne. lundfèlslng ialslng lund5 Iradlng cos15 and Irweslmenl managemenl cost5. Expendllure on These compr15e Ihe c0515 I￿Urred by Ihe Charlly In the dellw of Ils aclfvllles arvj Charllable aclfvlises seNlces In fUrthera￿e ol Ils objects, IrKludlng the maklng of grants and )vemar*e cosls. All granl expendllure Is acccmjnled for on an actual pald basls plus an accrual for anls Ihal have t￿n aptfftr￿d ty the truslees al the ermj olllE year bul not yel pald. These I￿1￿le Ih)se costs assodaled wllh meellng lhecor￿ll1UIS0n3l and slalulory reqUIrerr￿lS of the Charlty, ttludlNJ any a￿lIt11ndepe1mdenI examInalS￿ fees. costs Ilnked lo the slrale9k management of Charity. t￿therwI1h a share of other admlnistrallon cosls. Other expendlture These are 5UPPOrt costs not alktsled lo a partkular ￿lIvIty. Granls payable GovemarKe costs Taxallon The charlly Is exempt from ccwal1￿I lax on Ils chatllable acllvtlles. Freehold Investment tKop Inveslmenl tKoperlles are meaxred Inlllaltyat cost ￿ wbseqLEnlly al falr value at each balance sh￿1 dale and are r￿)1 depreclaled. All galrts or losses are taken lo the Statement of FlnarKlal Actfvltles as they arlse. Stocks Slc(k Is Inchjded al I1￿ lower of cost LY nel feallsable value. ttfflaled Itemsof slcrk are rec(NJnised al falr dlue ￿lch Is the amtsjnt the tharlly V•Dukl haNE teen wllllng to pay f{￿ Items on the open market. Trade and other debtc¥s Trade and olherdebtors are rec(*Jnlsed al the seltlemenl amounl due after any trade dlscount offered. Prepayments are valued at the arno￿1 prepald net of any trade dlscounls due. Cash and cash equlvalenls Cash and cash equlvalenls comprlse cash at bank aThJ on hand, derna￿l deposlts wllh banks and olher short-term h￿hlY Ilquld Inveslmenls wlth (wlglnal malurllles of t￿ee months or less and bank overdrafts. In Ihe slalemenl of flnanclal Foslllon, bank 0￿[dra￿S are sfthwi vlthln torrowlngs ￿ current Ilabilllles. In the Stalen￿1 ofcath F1th￿. cash ar￿ equlwdknls are s1¥)wn nel of b&bk overdrafls Ihal are repayable on demand aThl forni an Iniegrl part of the companys cash maFkyrrthl. Trade and olher(Tedllors Short term Cfedilcfs are meawred al Irarfjacll(m pr1￿. Ot￿rCredIt0rS and provlslon5 are recc9nlsed where the charlly has a yesenl obllgallon resulllry from a pasl event that wlll wobably result In the transfer of funds lo a Ihlrd party aThJ the amount dL* lo sellle the obl1g3tk￿ can be measured or e511maled rellably. Credllors and prtylsSon5 are rnxmally recogn15ed al Ihelr selllemenl amwnl after all(Mlng for any Irade dISco￿lS dL*. Pagelo cs Camscanner Nolvi In Ihi. hi I i)Iinli Rpii¥nii h dpwlrylnwnl l li￿1nd11111P i)n iPMbAlI h ilpvpkuThYil 1% ￿111￿ i>ll In Ilw. W￿.h 11 h ￿￿￿11￿1 l Drplon iiiiivnt.lpi M()rwlniy aThl Ilal)IIIIIps [k￿MInal￿d In cwivrKles 011￿ Ihnn Ilw. lUrLI￿Al UNIf.￿.Y rrf I￿. chai Ily aiv Iian%lalThl al Ihe iales ol oxchwy Plfyalllffj al (YKJ ol t￿ ierKMllTrJ liankicllon% In cwrNKIo5 olhor Ihan Iho lurKllrmal C￿re￿ ol chwlly afc I￿￿&￿1 al Itrw.. fAI• .%¢￿nge tho dalo Ihal tho Iransacllon LKcurrc*l. All oxchanw dlf1crc￿cS are are lakon Into ￿UnI In arrlvlng al Ml lrfomlex￿￿ll￿e loased assets Where Iho charlly enlers Inlo a lease whkh enla115 laklry subslanllally all rlsks afKI re4vards 01 ownershlp of an assel. Ihe lease Is Irealed as a flna￿e lease. Leases whlch do ￿1 Iran51er subslanllallyall the rlsk5 rewards of Lvawshlp lo tharlly are daS￿rIed as operallng lease5. Assels held under finan￿ leases are Inltl31ty rwlsed a5 assets of Ihe charlly al Ihelr falr value al the Incepllon of Ihe lease or.11 lower, al IF￿ wesent value of the mlnlmum lease PaYr￿ls. The cwespondlNJ Ilablllly lo the lesxY1s In the bal*Ke sheel dale as a finarKe It¥￿ obl￿allOn. Lease pa)￿en15 are apwthjned between Ilnartt elF￿se5 and rethXIk￿ of I1￿ lease obl￿allOn so as10 achleve a conslanl rale ol Interest on Ihe remalnlryj balarKe of the Ilablllly. Flnance expenses are recognlsed Immedlalely, urdess Ihey are dlreclly allflbulable lo quallfylng asset5. In whlch case IW are capllallsed In ￿cOrdanCe wlth Ihe charlty's polty on Iwyrowlng c051s. Assels I￿ld urM1er flnance leases are deweclaled In the same way as assets. Cperallng ￿ase payYn￿1S are recogn15ed as an eX￿rtse on a slrakJhl-Ilne bas1s0v￿ the lease temi. n Ihe event Ihal lease In￿nI￿Ve5 are r￿e￿I lo enter Into operatlr¥J leases, wch I￿entIVeS are recthjnlsed as a Ilabtllly. The agJregaie beneflt of I￿11¥e$ Is reccKJnlsed as a red￿tIon of rental expense on a slralghl-llne basLs. Penslon costs The charlly operates a deflngj contr1bull(￿ plan f(K Ils employees. A defined tonlrlkyjllon plan Is a penslon plan under whlch Ihe ccryany pay5 flxed conlrltyjllcffls Into 3 separate entlly. Once the conlrlbullons have been paid the c(thpany has no further payments obllgallons. con1r1t￿ll0nS are recoJnlsed as expenses when Ihey lall dLE. Arrthnls noi pald are slM)vm In Kcruals In the balarKe sh*l. The assets of Ihe plan are hekl sewalely from Ihe company In I￿lepern￿nlty adrrdnlslered funds. Recelpl of donated gK)ods, facllllles ￿ seNkes All donated g(M)ds. lacllllles and Serv1￿ receWI are rec(NJnlsed wllhln IrKomlry res￿r￿ arml exF￿dI1ure at an e5tSmale of the value lo the tharlly. 2 Company stalus The company Is a prfvale company Ilmlled byswarantee and cr￿$eqUenttydoes N)1 have share capllal. Page11 cs Camscanner %.IvNI Dy Ciiarp l Dundallnn Nolp4 lo Ihp Ac.rnunl 3 SIHlvmpnl ol I InaiKlil h(Ilvlllp%- ￿101 SWil1 fu￿j$ Tolol 2021 2023 and Vi)do￿entS Irom: t>JnalkMs and legacbes lolal 5.150 5,150 5.150 5,150 EKrthdllure on.. Charllable &llvllles 5,560 5.5t4) Total 5,560 5.5 Nel Income {4101 (4101 Nel Income before other galnsl{lossesl Olher galns and losses: Nel movement In f￿dS {410) (4101 (410) (410) R£Yondliallon of funds: Total furKls carrled fOr￿d (410) (410) 4 Incorne from (lonatlons aThl legacles UrYestricteJJ Total 2024 Tot 2023 L(￿[ Cijnatkns from kndlviduals Local Donatlons from oryanisallons 410 410 4.150 410 410 5.150 5 Expendllure on dorltable actlvlttes Ur*estrlct&J Total 2024 Total 2023 EX￿￿llUre0n chartt3ble actlvltles Glfls and SUPF¥xI ￿lmIleS Govefflance cosls Acco￿ta￿ fees 5,140 240 240 420 5.560 240 240 6 Staff costs No employee recelved emcduments In excess of £60.IMJ). Page12 cs Camscanner ivp(I Ily C•liiCP foun(Jiillon Noles In Iho Accounls 7 Crodllnr%'. nmounls lalllng due wklhln ()no yQ*ill 20?4 2023 AccNals 240 210 420 A20 8 Movemenl In fuThls Incomlr¥J A131 December 2024 Oncludlng olher Al 1 JaNary galnsllosses 2024 Resources expended Reslricled furKIs: Unrestrlcled funds.. General funds (410) 410 (240) (240) Tolal [￿d5 9 Analysls of nel assels between fwKIs (410) 410 (240) (240) Unrestrlcted funds Total Nel cu￿ent assets (240) (240) (240) (240) 10 Recor￿11[all0n of rEI debt A131 December 2024 At l January 2024 Cash flows Cash and cash equlvalents 10 10 (io) (io) Nel debl io (10) 11 Relaled party dLsclosures Conlmlllngparty The company Is Ilmlted by9￿rantee ar￿ has Th) sharecapllal: Ihu5 no slTrJle pwty contro15 the CoMp￿y. Page 13 cs Camscanner Savpd By Cyl¢lCO Foundallon Dp.I1lllt)d 51alomenl ol FlnandDI Acllvlllos the yoar ondcxl 31 Dcfombw 2CJ24 Unroslrlcled luThJs Tolal lurnls Tolal lunds ?024 20?4 2023 Income and end[A￿￿thIS frnm.. l)onallons and lojacles L(ul Donallons from IndI￿dual5 Lfxal oc￿11(￿S Irom organlsalk)ns 410 4.150 410 410 5,150 5.150 Tolal lrtome and endowments 410 410 Expendlture {￿.. Chartlablè acllvllles Gifts arKI support actmtles 5.140 5,140 Govemance costs Accountancy fee5 240 240 240 240 420 420 Total of expendlture on charltable actlvllles 240 240 5,560 Total expendllure Net galns on Investments 240 240 5,5t 170 170 Net irxomel(expendlture) Net Income/(expendlture) before other galns/{losses) Other Galns (410) 170 170 (410) Net movemenl In funds 170 170 (410) ReCOr￿lI13110D of fuThls: Total funds t(ought fonvard Total fu￿1$ carrled forward (410) {410) (2401 (240) (410) Page 14 cs Camscanner