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2025-04-05-accounts

Saved By Grace Foundation

Trustees' Report and Unaudited Accounts

05 April 2025

Saved By Grace Foundation Contents

Pages
Trustees'AnnualReport 1
IndependentExaminer'sReport 4
Statement of FinancialActivities 5
SummaryIncomeandExpenditure Account 6
BalanceSheet 7
Statement ofCashflows 8
Notesto the Accounts 9 to 13
DetailedStatement of FinancialActivities 14

Page 1

Saved By Grace Foundation Trustees Annual Report

The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the period ended 5 April 2025.

REFERENCE AND ADMINISTRATIVE DETAILS

Company No.

Charity No. 1199695

Principal Office

43 Graveney Place Milton Keynes MK6 3LU Registered Office

43 Graveney Place Springfield Milton Keynes MK6 3LU

Directors and Trustees

The Directors of the charitable company are its Trustees for the purposes of charity law.

The following Directors and Trustees served during the year:

Dr Peter Adura

Lois Adura

Prof Kohol Iornem Rev Fr Emmanuel Okami

Key Management Personnel

Chair Lois Adura Trustee Dr Peter Terfa Adura

Accountants

Anchor Business Solutiond ltd

351-397 Midsummer Boulevard Milton Keynes Bucks MK9 3HP

Bankers

Cashplus Bank London SE1 2QG

OBJECTIVES AND ACTIVITIES

Page 2

Saved By Grace Foundation Trustees Annual Report Saved By Grace Foundalion Is a charilable non-profit organizalion set up to provide support to vulnerable and disadvantaged persons within Milton Keynes communities having issues like domestic abuse, destitution, family problems, homelessness, immigration and legal challenges. The foundation helps these individuals navigate social services and build confidence to seek for help. l. Create awareness: By signposting and educating the community about the available resources and support for them. 2. Empowerment through education: Relieve poverty by facilitating access to education and basic life skills The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities. The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102). Signed on beh the board Lois Adura Trustee 31 December 2025 Page 3 rcr.I !.l?,l /'ailWI •' Irr

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 period ended 5 April 2025.

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:

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.

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SIGN
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Tolulope Fasanya, AFA MIPA Institute of Financial

Accountant

Anchor Business Solutiond ltd

351-397 Midsummer Boulevard

Milton Keynes

Bucks

MK9 3HP

31 December 2025

Page 4

Saved By Grace Foundation Statement of Financial Activities

for the period ended 5 April 2025

for the period ended 5 April2025
Notes
Income and endowments
from:
Donationsandlegacies
4
Total
Expenditure on:
Raisingfunds
5
Charitableactivities
6
Total
Netgainsoninvestments
Netincome
Transfersbetweenfunds
Netincome before other
gains/(losses)
Othergainsandlosses
Net movementinfunds
Reconciliation of funds:
Totalfundsbroughtforward
Totalfundscarriedforward		 Unrestricted
funds
2025
£
3,000		 Totalfunds
2025
£
3,000		 Totalfunds
2024
£
410
3,000
2,675
120		 3,000
2,675
120		 410
-
240
2,795
-		 2,795
-		 240
-
205
-		 205
-		 170
-
205 205 170
205
(240)		 205
(240)		 170
(410)
(35) (35) (240)

Page 5

Saved By Grace Foundation Summary Income and Expenditure Account

for the period ended 5 April 2025

Income
Gross incomefor the period
Expenditure
Totalexpenditurefor the period
Netincome before taxfor the period
Netincomefor the period		 2025
£
3,000
3,000
2,795
2,795
205
205		 2024
£
410
410
240
240
170
170

Page 6

Saved By Grace Foundation Balance Sheet

at 5 April 2025

at 5 April2025
Company No.
Notes
2025
£
Current assets
Cashat bankandin hand
85
85
Creditors: Amountfallingdue within one year
8
(120)
Netcurrentliabilities
(35)
Totalassets lesscurrentliabilities
(35)
Netliabilitiesexcludingpension asset orliability
(35)
Totalnetliabilities
(35)
Thefundsofthecharity
Restrictedfunds
9
Unrestrictedfunds
9
Generalfunds
(35)
(35)
Reserves
9
Totalfunds
(35)		 2024
£
-
-
(240)
(240)
(240)
(240)
(240)
(240)
(240)
(240)

These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

For the period ended 5 April 2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

Approved by the board on 31 December 2025

And signed on its behalf by:

Lois Adura

Trustee

31 December 2025

Page 7

Saved By Grace Foundation Statement of Cash flows

for the period ended 5 April 2025

Cashflowsfrom operatingactivities
Netincome perStatement ofFinancialActivities
Adjustmentsfor:
Decreasein tradeand other payables
Netcash provided by operatingactivities
Netcashfrominvestingactivities
Netcashfromfinancingactivities
Netincreaseincash andcash equivalents
Cash andcash equivalentsat the beginningofthe period
Cash andcash equivalentsat the end ofthe period
Componentsofcash andcash equivalents
Cashand bankbalances		 2025
£
205
(120)
85
-
-
85
-
85
85
85		 2024
£
170
-
170
-
-
170
10
180
-
-

Page 8

Saved By Grace Foundation Notes to the Accounts

for the period ended 5 April 2025

Basis of preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting

Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.

Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values. Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.

Income

Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income. Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material. Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year.

assets

Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets

Page 9

Saved By Grace Foundation Notes to the Accounts

Expenditure

Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.

Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs. Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.

Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.

Other expenditure These are support costs not allocated to a particular activity.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Freehold investment property

Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.

Stocks

Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.

Trade and other debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

Trade and other creditors

Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Page 10

Saved By Grace Foundation Notes to the Accounts

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period.

Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.

All exchange differences are are taken into account in arriving at net income/expenditure.

Leased assets

Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The

corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs.

Assets held under finance leases are depreciated in the same way as owned assets.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.

Pension costs

The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Receipt of donated goods, facilities and services

All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.

2 Company status

The company is a private company limited by guarantee and consequently does not have share capital.

Page 11

Saved By Grace Foundation Notes to the Accounts

3
Statement ofFinancialActivities-prior year
Income and endowmentsfrom:
Donationsandlegacies
Total
Expenditure on:
Charitableactivities
Total
Netincome
Netincome before other
gains/(losses)
Othergainsandlosses:
Net movementinfunds
Reconciliation of funds:
Totalfundsbroughtforward
Totalfundscarriedforward
4
Incomefrom donationsandlegacies
LocalDonationsfrom
individuals
5
Expenditure on raising funds
Costsofgenerating voluntary
income
Costsofcharitableactivities		 Unrestricted
£
3,000
3,000
Unrestricted
£
2,675
2,675		 Unrestricted
funds
2024
£
410
410
240
240
170
170
170
(410)
(240)
Total
2025
£
3,000
3,000
Total
2025
£
2,675
2,675		 Totalfunds
2024
£
410
410
240
240
170
170
170
(410)
(240)
Total
2024
£
410
410
Total
2024
£
-
-

Page 12

Saved By Grace Foundation Notes to the Accounts

6
Expenditure oncharitable activities
Governancecosts
Accountancyfees
7
Staffcosts
No employee received emolumentsin excess
8
Creditors:
amountsfallingdue within one year
Accruals
9
Movementinfunds
Restrictedfunds:
Unrestrictedfunds:
Generalfunds
Totalfunds
10 Analysisofnet assetsbetweenfunds
Netcurrentassets
11 Reconciliation ofnet debt
Cashandcash equivalents
Net debt		 of£60,000.
At 1January
2025
(240)
(240)		 Unrestricted
£
120
120
2025
£
120
120
Incoming
resources
(including
other
gains/losses
)
£
3,000
3,000		 Total
2025
£
120
120
Resources
expended
£
(2,795)
(2,795)
Unrestricted
funds
£
(35)
(35)
Cashflows
£		 Total
2024
£
240
240
2024
£
240
240
At 5 April
2025
£
(35)
(35)
Total
£
(35)
(35)
At 5 April
2025
£
85 85
85
85		 85
85

Page 13

Saved By Grace Foundation Notes to the Accounts

The company is limited by guarantee and has no share capital; thus no single party controls the company.

Page 14

Saved By Grace Foundation Detailed Statement of Financial Activities

for the period ended 5 April 2025

for the period ended 5 April2025
Income and endowmentsfrom:
Donationsandlegacies
LocalDonationsfromindividuals
Total income and endowments
Expenditure on:
Costsofgeneratingdonationsand
legacies
Costsofcharitableactivities
Totalofexpenditure on raising
funds
Governancecosts
Accountancyfees
Totalofexpenditure oncharitable
activities
Totalexpenditure
Netgainsoninvestments
Netincome
Netincome before other
gains/(losses)
Other Gains
Net movementinfunds
Reconciliation of funds:
Totalfundsbroughtforward
Totalfundscarriedforward		 Unrestricted
funds
2025
£
3,000
3,000
3,000
2,675
2,675
2,675
120
120
120
2,795
-
205
205
-
205
(240)
(35)		 Totalfunds
2025
£
3,000
3,000
3,000
2,675
2,675
2,675
120
120
120
2,795
-
205
205
-
205
(240)
(35)		 Totalfunds
2024
£
410
410
410
-
-
-
240
240
240
240
-
170
170
-
170
(410)
(240)

Page 15