Docusign Envelopp ID.. 3881 D31F-D3AC4807-8759-E818BBCCOF1E Grace of Mercy Prayer Mountain Report and Accounts 18 June 2024 The Charity Registration Number is . 1200902
Docusign Envelope ID.. 3881 D31F-D3AC4807-8759-E818BBCCOF1E Grace of Mercy Prayer Mountain Report and accounts for the year ended 18 June 2024 Contents Pag• Charity information Trustees. Annual Report Statement of dire¢tors' responsibilities Indèpèndènt Accountant's Rèport Funds Statements... ststement of Financial Activities Movements in funds Fixed Asset funds Incotn8 and Expenditure account Summary ol funds Balaneè sho•t 10 Notes to the accounts
Docusign Envelope ID.. 38B1D31F-D3AG4B074759-E8188BCCOF1E Grace of Mercy Prayer Mountain Trustees, Annual Report for the year ended 18 June 2024 The Trustees present their Report and Accounts for the year ended 18 June 2024. Reference and administrative details The charity nam9. The legal name of the charity is'.- Grace of Mercy Prayer Mountain. The charity is also known by its operating name, CAC Gra¢e of Mer¢y Mountainnlnternational IGMPMI. The charity's areas operation and UK charitable registration. The charity is registered in England & Wales with the Charity Commission in England & Wales ICCEWI with ¢harity number 1200902. The charity does not operate in any overseas jurisdictions. Legal structure of the charity The charity is ¢onstiluled as an unincorporated ¢harity, established by a wrillen ¢onslitution. The governing document of the charity is the wrillen constitution approved by the members and endorsed by the Charity Commission in England & Wales ICCEWI . The governing document is dated 18 June 2020 There are no reslriclions in the governing documents on the operation of the Charity or on ils inveslment PDwers other than Ihose imposed by Charity Law. The trustees are all individuals The principal operating address. telephone number, email and web addresses of the charity 3 Gosford Road Doncaster, South Yorkshire DN2 4FH Telephone.. 07411222251 Email Address.. ggpeuchapler@gmail.com Webaddress.. gmpmukeu.org The charity purses its objectives by operation of a ntre for christian worship at D Wills Event Centre Selina Lane RM8 1QH D8genh8m The Trustees in office on the date the report was approved were=_ Oluwaloyin Akande Yelunde Elebuibon Olufolake Adeoye
Docusign Envelope ID.. 38B1D31F-D3AG4B074759-E8188BCCOF1E Grace of Mercy Prayer Mountain Trustees, Annual Report for the year ended 18 June 2024 Objects and activities of the charity The purposes of the charity as set out in its governing document. 11 To advance the christian faith in Don¢asler and surrounding area for the bonefil of the publi¢ mainly bul note exclusive through the provision of a pla of worship, religious education, bible discussion, vocational training and to providè pastorial carè for the community 21 The relief of poverty worldwide The main activities undertaken during the year to further the charity s pury)ose for the public benefit. The trustees are pleased lo report that the church continued to be successful spiritually by ministring to many people in prayer and welfare. The church has improved in membership strenght and is increasingly reaching out I the community The trustees have had reg8rd lo the Charity Commission's guidance on public benefit in m8n8ging the activities of the charity. The charity s strategies for achieving its aims and objectives in the future. Grace of Mercy Prayer Mountain has been carrying out activities that advanced the Christian faith in Doncaster and surrounding area for the benefit of the public mainly bul not exclusively through the provision of a place of worship, religious education, Bible discussion, vocational training and provides pastoral ¢are for the ¢ommunily. We added a place of worship in Dagenham where we perform activities that brings the community together. Our church worship cenlres are av8i18ble to 811 during our opening hours. We welcome people of all races, ages, gender into our centres. We provide free internet a¢¢ess lo support people with the cosl-of-living crisis. The recipient of this support are not members of our church but people referred to us by organisalions. We provide food for food banks as well as hygiene products lo alleviate poverty. The Contrlbutlon of volunteers durlng the year. The church is grateful for the commitment and efforts of its volunteers who are involved in services provision Grant making policies and how these contributed to the achievement of the harity s aims and objectives during the year. The church also provides support to members of the congregation lat the discretion of the Irusteesl who are in need. Structure, governan¢e and management of the ¢harlty The methods used to recruit and appoint new charity trustees. Trustees are selected through an application and interviewing prosS. All shortlisted applicants musl fulfil the criteria laid down by the charity corllmission and understsnd our policy and uphold our values. Trustees are interviewed by experience trustees and elders of the church and apointments is based on 11 Compliance with the commission rules 21 Understanding of our policies and values
Docusign Envelope ID.. 38B1D31F-D3AG4B074759-E8188BCCOF1E Grace of Mercy Prayer Mountain Trustees, Annual Report for the year ended 18 June 2024 31 Availability lo attend meetings The policies and procedu$ for the induction and traiTning of trustees. New trustees are elected on the basis of the Gontribulion that they will make lo the governance of the Drganisation and the skills Ihal they will conlribule. They are provided with copies of the Charity Commission's guidance and given an introduction lo the activities of the charity by the existing board The charity s organisational structure. The church is organised so that the trustees mtrel rtrgularly lo manage ils affairs . The Pastor in charge manages the day to day administration of the church How the ¢hariTty makes de¢isions and how decisions are delegated. The board of trustees is headed by a Chaimian, the Secretary to the trust and a Financial adminislralor. All the present employees of the charity are voluntary workers. The trustees are responsible for making all decisions regarding allocation of fund and activities. The charlty as a part of a wlder network. Grace of Mercy Prayer Mountain is a branch of the Christ Apostolic Church ICACI founded by the Lord through Prophet Sam Olu Alo The trustees. bankers and advisors Bankers Lloyds Bank PIC Accountants Datskap Bookkeepers & Accounlanls 147 Caxton Close Hartley DA3 7DP Flnanclal revlew The charity s financialposition at the end of the year ended 18 June 2024 The financial position of the charity at 18 June 2024 and comparatives for the prior period, as more fully detsiled in the aOUnt$, Can be summarised as follows'.- 2024 2023 Net In¢ome 8,)1 385 Unreslri¢led Revenue Funds available for the general purposes of the charity Total Unrestri¢tedFund$ 80,320 72,783 80,320 72,783 Total Funds 81.688 72,783
Docusign Envelope ID.. 38B1D31F-D3AG4B074759-E8188BCCOF1E Grace of Mercy Prayer Mountain Trustees, Annual Report for the year ended 18 June 2024 Financial review of the position at the reporting date, 18 June 2024 . During the year, income of £75,405 which was r&¢eived as voluntsry donations The nel movement in funds for the period, as shown in the statement of financial aclivilies, for the period was £385. The value of Grace of Mercy Prayer Mountain net assets as at 17 June 2023 is £724 Details of Thg Independent Examiner Oludolapo Kukoyi Memkr of Inslilule of ac¢ounlanls & bookkeepers 147 Caxton Close Hartley Kent DA3 7DP
Docusign Envelope ID.. 38B1D31F-D3AG4B074759-E8188BCCOF1E Grace of Mercy Prayer Mountain Trustees, Annual Report for the year ended 18 June 2024 Statement of Trust••s' Responsibilitiès The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities Act 2011 and the Charities (Accounts and Reports) Regulalions 2008. Notwithstanding the explicit requirement in Ihtr sxlanl stalulory regulations,Ihe Charities (AOunt$ and Reports) Regulations 2008, to prepare the financial statements in accordance with the SORP 20C>5, in vièw of the fact that thé SORP 2005 has bean withdrawn, th8 Trustèès detèrminèd to interpret this responsibility as requiring them to follow current best practice and prepare the accounts according to the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, las amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1 st January 20191, (The SORPI, In particular, charity law requires the TrLJStees, if they prepare accounts on an accrLJals basis, to prepare financial slalements for each financial year which give a true and fair wew of the stale of affairs of the charity as at Ihe end of the financial year and of the surplus or deficit of the charity. In preparing Ihostr finan¢ial slalements th9 Trustees are requir9d to :_ - to prepare the a¢¢ounls in a¢¢ordance with United Kingdom Ggnerally A¢¢opled Accounting Practice Iuniled Kingdom Accounting Standards and applicable lawl. select suitable accounting policies and apply them consistently., make judgements and estimates that are reasonable and prLJdent', prepare the financial slalemenls on the going concern basis unless il is inappropriate to presume that the charity will continue in business., state whether applicable a¢counting standards and statements of recorllmended practice have been followed, subject to any material departures disclosed and explained in the financial statements., The law requires that the trustees mLJSt not approve the ac¢ounls unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for the year. The Trustees 8re also responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which are sufficient lo show and explain the ¢harity's transactions and enable them to ensure that the financial slalements comply with regulations made under the Gharilies Act 2011. They are also responsible for safeguarding the assets of the charity and hen for taking reasonable steps for the prevention and detection of fraud and other irregularities. The Trustees are also responsible for the contents of the Trustees, report, and the statutory responsibility of the Independent Examiner in relation lo the Trustees. report is limited lo examining the report and ensuring that , on the face of the report, there are no material inconsistencies with the figures disclosed in the financial stalemenls. This report was approved by the board of trustees on 20 December 2024. DoCuSnIdty. Yetunde Elebuibon Trustee TcEED8E8EF4t4.
Docusign Envelope ID.. 38B1D31F-D3AG4B074759-E8188BCCOF1E Grace of Mercy Prayer Mountaln Report of the Independent Examlner to the Trustees of the charlty on the accounts for the year ended 18 June 2024 I report lo the Trustees on my examination of the financial slalemenls of the charity on pages 8 to 17 for the year ended 18 June 2024 which have been prepared in accordan with the Charities Act 2011 (the Act) and with the Financial Reporting Standard 102, (effective 1st January 20161 adapted lo meet the needs of unin¢orporaled organisalions, as modified by FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, las amended by the Bulletin issued in October 2018 and applicable lo all accounting periods beginning on or after 1st January 20191, (The SORPI, published by the Charity Commission in England & Wales ICCEWI and under the historical wst convention and the accounting policies sel out on page 11. Respective responsibilities of the Trustees and the Independent Examiner and the basis of the report As described on page 5, you, the charitls Trustees, are responsible for the preparation of the finan¢ial statements in accordance with the Charities Act 2011 and all other applicable law and with United Kingdom Generally Accepted Accounting Practice, applicable lo smaller entities, and for being satisfied that the financial stalements give a true and fair view. The Trustees consider that the audit requirement of Section 14411) of the Charities Act 2011 (the Act) does not apply, and that there is no requirement in Ihe Governing Document for the ¢ondu¢ting of an audit. As a consequen, the Trustees have elected that the financial statements be subject lo independent examination. Having satisfied myself that the financial ststements are not required to be audited under any legal provision, or otherwise, and are eligible for independent examination, it is my responsibility to'.- al examine the financial statements of the charity under Section 145 of the Act., bl follow the appli¢8ble procedures in the Directions given by the Ch8rity Commission under section 14515llbl of the Act. Basis of Independent Examiner's Statement and scope of work undertaken I report in respect of my examination of the ¢harills financial slalemenls Carried out under s145 of the Act. In carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 14515llbl of the Act setting out the duties of an independent examiner in relation lo the Conducting of 8n independent ex8minalion. An independent ex8min81ion includes 8 review of the accounting records kept by the charity and of the accounting systems employed by the charity and a comparison of the financial stslemenls presented Tmth those records. 11 also includes consideration of any unusual items or disclosures in the financial stslemenls, and seeking explanations from you, as Trustees, Conrning such matters. The purpose of the examination is to establish as far as possible that there have been no breaches of charity legislation and that, on a lesl basis of evidence relevant lo the amounts and disdosures made, the financial ststements comply with the SORP. The procedures undertaken do not provide all the evidence that would be required in an audtt, and information supplied by the Trustees in the Course of the examination is not subje¢ted to audit tests or enquiries and does not cover all the matters that an auditor would consider in arriving at an opinion. The planning 8nd conduct of an audit gotts beyond the limited assurance that an independent examination can provide Consequently, I do not express an audit opinion on the view given by the financial stslements, and in particular, l express no opinion as to whether the financial statements give a true and fair view of the affairs of the charity, and my report is limited to the matters set out in the slalemenl below. I planned and performed my examination so as to satisfy myself that the objectives of the independent examinatlDn are achieved and before finalising the report l obtained written assurances from the Trustees of all material matters.
Docusign Envelope ID.. 38B1D31F-D3AG4B074759-E8188BCCOF1E Grace of Mercy Prayer Mountaln Independent Examiner'5 Statement. Report and Opinion Attention is drawn to the accounting policy slating that, notwilhstsnding the explicit requirement in the extant ststutory regulations, the Charities (Accounts and Reports) Regulations 2008, to prepare the financial statements in accordance with the SORP 2005, in view of the fact that the SORP 2005 has been withdrawn, and in order lo accord with current best practice, the Trustees have determined lo prepare the rinancial statements in accordance with the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, las amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1 sl January 20191, (The SORPI, I concur with this approach, and any references in my report to the regulations should be read subject lo this comment. Subject to the limitations upon Ihe scope of my work as detailed above, I have completed my examination.. and can confirm Ihat'.- This is a report in respect of an examination carried out under 145 of the Act and in accordance with Directions given by the Charity Corllrllission under section 14515llbl of the Act which may be applicable,. and that no material matters have come lo my attention in connection wth the examination giving me cause lo believe that in any material respe¢l:_ accounting records were not kept in respect of the charity as required by with Section 130 of The Charities Act 2011., the financial ststements do not accord with thoso records., or the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that th8 accounts give a true and faiv view, which is not a matter considored as part of an independent examination., have not been prepared in accordance with the methods and principles sel out in the FRS 102 SORP Islalemenl of Recommended Pra¢li¢e for Accounting and Reporting by Charib'esl 2015, las amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 20191, (The SORPI. I have no concems and have come across no other matters in connection with the examination to which attention should be drawn in this report in order lo enable a proper understanding of the financial ststements to be reached. Kukoyi O O Oludolapo Kukoyi - Independent Examiner Accountant 147 Caxton Close Hartley Kent DA3 7DP This report was signed on 20 Dember 2024
Docusign Envelope ID.. 38B1D31F-D3AG4B074759-E8188BCCOF1E Grace of Mercy Prayer Mountain - Statement of Financial Activities for the year ended 18 June 2024 Statement of Financial Activities for the year ended 18 June 2024 Current year Unrestricted Funds ¢urrent year Restri¢tèd Funds Currentyear Total Funds Prlor Year Total Funds 2024 2024 2024 2023 Income & Endowment5 from.. Donations & Legacies 210,756 210.756 75,405 Total incomo 210,756 210,756 75,405 Expendlture on.. Charitae actiwties 203,221 203.221 75,020 Total 8xp8nditure 203,221 203,221 75,020 Net In¢ome for the year 7,535 7.535 385 Net movement in fund5 7,535 1.366 8.901 385 Total funds carrled forward 80,318 1,366 81.684 72,783 The'SORP Ref indicated above is the classification of income set out in the formal SORP documents. As required by paragraph 4.60 of the SORP. the brought forward and carried forward fund5 above have been agree to th8 Bslanc8 Sh88t. A sepzrate Statement of Total Recognised Gains and Losses is not required as this statement includes all r8cognised gains and 108SeS. All the prior year transactions We unrestricted items. and no further analysis is required All activities derive from continuing operations Grace of Mercy Prayer Mountain - Resources applied in the year ended 18 June 2024 towards fixed assets for Charity use=. 2024 2023 Funds generated in the year as detailed in the SOFA R8sourc8s applied on functional fixed ass8ls 8,901 16,9571 385 Not rèsources availablè to fund charitable activities 1.944 385 The resour5 applied on fixed assets for charity use represents the eost of additions less proceeds of any disposals. Th¢ not¢s atta¢hed on pages 11 to 17 fomi an integral part of the$¢ a¢¢ounts.
Docusign Envelope ID.. 38B1D31F-D3AG4B074759-E8188BCCOF1E Grace of Mercy Prayer Mountain - Statement of Financial Activities for the year ended 18 June 2024 Movements in revenue and capital funds for the year ended 18 June 2024 Revenue accumulated fund5 Unrestricted Restricted Total Last year Total Funds Funds Funds Funds 2024 2024 2024 2023 Recognised gains and losses before transfers 7,535 7,535 385 80,318 80.318 72,783 C105ing revenue funds 80,318 80.318 72,783 The purposes of the transf8rs to fixed asset funds ar8 described in Note 10 to the accounts and und8r the awounting poli¢y'A¢¢ountin9 lor Capital grants and fixed asset funds,. Summary of funds Unro8trl¢lod and DÈ$lgnated funds 2024 Ro8trl¢tsd Fund$ Total Funds Last Yoar Totsl Funds 2024 2024 2023 Revenue accumulsted funds 80,318 80.318 72,783 Total funds 80,318 1.366 81.684 72,783 Grace of Mercy Prayer Mountain Income and Expenditure Account for the year ended 18 June 2024 as qUired by the Companies Act 2006 2024 2023 Incomg Income from operations 210,756 75,405 Gross Incom• In thè year bèforè èxcaptlonal Itèms 210.756 75,405 Expenditure Charitable expenditure, excluding depreciation and amortisation Depreciation and amortisation Governance costs 200,990 1,731 74.181 339 500 Total expenditure in the year 203.221 75,020 Retained surplus for the financial year 7.535 385 All activities derive from continuing operations In accordance with the provisions of the Companies Act 2006, the headings and subheadings used in the Income and Expenditure account have been adapted to reflect the special nature of the charity's activities. The notes attached on pages 11 to 17 fomi an integral part of these accounts.
Docusign Envelope ID.. 38B1D31F-D3AG4B074759-E8188BCCOF1E Grace of Mercy Prayer Mountaln - Balance Sheet as at 18 June 2024 Notes 2024 2023 Flxed assets Tangible assets 6,584 1,358 Total fixed assets 6,584 1,358 Currgnt assets Cash at bank and in hand 75,352 72,398 Total Currènt assèts Credltors: amounts falllng due wlthln one year 75,352 72,398 250 973 Net current assets 75,102 71,425 Th• total n•t assèts of thè eharity 81.686 72,783 The total net assets of the charity are funded by the funds of the charity, as follows-. Unrestrided Funds Unrestricted Rev8nu8 Funds 80,318 72,783 80.318 72,783 Totsl ¢harity funds 81,684 72,783 The'SORP Ref indicated above is th8 classification of Balance Sheet iterns as set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried lotward funds above have been agreed to the SOFA.. The Trustees a¢knOedge their reswnsibililies for complying with the requirements ol charity legislation th respect to accounting records and the pieparation of accounts. The charity Is subject to Independent Examination under charity legislation, and the report of the Independent Examiner is on p8ge 7. The Trustees are satisfied that, although the charity is not registered under the Companies Acts, if il were so register8d, it would be eligible to prepare accounts in accordance with th8 provision5 in Part 15 of the Companies Act 2006. applicable to companies subject to the small companies regime. Yetunde Elebuibon Trustee Approved by the board of trustees on 20 Dember 2024 The notes attached on pages 11 to 17 form an Integral part of these accounts. 10
Docusign Envelope ID.. 38B1D31F-D3AG4B074759-E8188BCCOF1E Grace of Mercy Prayer Mountain Notes to the A¢¢ounts for the year ended 18 June 2024 1 A¢¢ounting poli¢ie$ Policies relating to the production of the a¢¢ounts. Basis of preparation and accounting convention The accounts have been prepared on the accruals basi5, under the historical cost convention, and in acwrdano with the Financial Reporting Standard 102,18ffectiv8 1st January 20161 and'FRS 102 SORP Istatement of Recommended Practice for Accounting and Reporting by Chariliesl 2015, las amended by the Bulletin issued in October 2018 and applicable to all accounting periods beglnning on or after 1st January 20191. IThe SORPI. publlshed by the Charity Commission in England & Wales ICCEWI , effective January 2016, and in accordance with all applicable18w in the charity's jurisdiction of registration. except that the charity ha8 prepared the financial statements in accordance with the FRS 102 SORP Islatement of Recommended Practice for Acwunling and Reporting by Chariliesl 2015, las amended by the Bulletin issued in October 2018 and applicable to 811 accounting peri5 beginning on or after 151 January 20191, (The SORPI. in preferen to the previous SORP. the SORP 2005. which has been withdrawn. notwithstanding the fa¢t that the extant statutory regulations. the Charities (Accounts and Reports) Regulations 2008 refer explicitly to the SORP 2005. This has done to accord with current best practic8. Risks and future assumptions The charity is a public benefit entity. In determining how best to pursue these objectives the trustees have taken on board the charity commission's general guidance on public benefit and in particular il's supplementary publi¢ guidance on the advancement of religion for Public benefit. Poll¢les relatlng to categorles of Income and Income re¢ognltlon. Income recognition Income. whether from exchange or non exchange transactions. is COgnised in the statement of financi81 activities ISOFAI on a rec8ivable basis, when s transaction or oth8r event results in an incr8as& in th8 charity's ass8ls or a r8duction in its liabilities and only when the charity has18gal enti118menl, the income is probable and can be measured rellaty. l income is ac¢ounted for gross, before dedu¢ting any related fess or Costs. Poll¢les relatlng to expendlture on goods and servl¢es provlded to the Charlty. Recognition of liabilities and expenditure A liability, and th8 r8lat8d exp8nditure, is r8(x)gnised wh8n a 18gal or (x)nstrucbv8 olgatIOn exists as a result of a past event, and when it is MO likely than not that a transfer of economic benefits 11 be required in settlement, and ¥¥hen the amount of the obligation can be tneasured or reliably eslimaled.. Liabilities arising from fulure funding commitments and constructive obligations, including performance related grants, where the timing or the amount of th& future expenditure required to Settle the obligation are uncertain, give rise to a provision In the accounts. which is rewewed al the accounting year end. The provision is in¢ased lo reflect any increases in liabilities, and is decreased by the utilisation of any provision within the period, and reversed rf any provision is no longer required. These movements are charyed or ¢redited to the respective funds and a¢tivities lo which the provision relates. Volunteers In accordanc8 With th8 SORP, and in recognition of the drfFiculties in placing a mon8tary valu8 on the Contribution from volunteers, the contribution of vdunleers is not included within the income of the charity. How8ver, th8 truslees valu8 th8 significant Contribution rn8de to the activit188 of th8 charily by unpaid volunteers and this is described more fully in Note3. Policigs relating to assets, liabilities andprovisions and other mattgrs. T8nglble flxed assets Tangible fixed assets are measured at their original cost value, or subsequent revaluation. or if donated, as described abov8. Cost valu8 inelud8s all costs eXP8nded in bringing th8 asset into its intended working condition.
Docusign Envelope ID.. 38B1D31F-D3AG4B074759-E8188BCCOF1E Grace of Mercy Prayer Mountain Notes to the A¢¢ounts for the year ended 18 June 2024 D8preciation has been provided at the following rates in order to write off the assets to their anticipai8d residual value over their estimated useful lives. Church equiptrnent 20 Straight line Debtors Debtors are measured at their recoverable amounts at the balan sheet date. ¢redl¢or$ and provl$lon$ CdItorS are amounts owed. They are MeaSud 81 the amount expects to pay to settle the debt. Amounts which a owed in rnore than 3 year are shown as long-lerm creditors Flnanclal Instruments In¢ludlng cash and bank balances Cash held by the ¢h£rily is included at the amount actually held and counted at the year end. Bank balan¢es. whether in credit or overdrawn. are shown at the arnounts DfoDertv reconciled to the bsnk Statements. Fund A¢¢ounting Unrestricted fund5 are available for use at the discretion of the trustee5 in fvrtheran of the general objective5 of the charity. There are no endowment funds. 2 Net surplus before tax in the financial year 2024 2023 The n8t surplus befor8 lax in the financial y88r is 5tat8d after charging:. Depreciation of owned fixed as58ts 1,731 339 3 The contribution of volunteers The charity depends on the support of its volunteers, which is much appreciated. The arrangements with vdunt88rs ar8 difficult to value precisely in monetary temis and have not been recognised in the Slalemenl ol Financial A¢b"vities. The volunteers znd the charity accept and agree that no contract of employrnent Is created by these arrangernent5. 12
Docusign Envelope ID.. 38B1D31F-D3AG4B074759-E8188BCCOF1E Grace of Mercy Prayer Mountain Notes to the A¢¢ounts for the year ended 18 June 2024 4 Tangible fixed assets Current Year Land and Buildings Plant & Machinery Motor Vehicles Total Cos1 At 19 June 2023 Additions 1.697 6.957 1.897 6.957 Disposals At 18 June 2024 8,654 8,654 Depreclatlon At 19 Jun8 2023 Charge for the year On disposals 339 1,731 339 1,731 At 18 June 2024 2.070 2,070 N8t book value At 18 June 2024 6,584 6,584 At 18 June 2023 1,358 1,358 5 Cradltors.. amounts falllng duo wlthln on8 year 2024 2023 Bank loans and overdr8ft8 473 250 973 6 Income and Exp&nditur8 account summary 2024 2023 At 19 June 2023 Transfers in for the year At 19 Jun& 2023 Surplus after tax for the year 72,783 72,398 72,783 7.535 72,398 385 At 18 June 2024 80,318 72,783 7 Related party transactions Gra of Mercy Prayer Mountain 15 a branch of is a blanch of the Christ Aw5tolic Church ICACI founded by the Lord through Prophet Sam Olu Ao
Docusign Envelope ID.. 38B1D31F-D3AC-4B074759-E8188BCCOF1E Grace of Mercy Prayer Mountain Notes to the A¢¢ounts for the year ended 18 June 2024 8 Partlculars of how partlcular funds aro reprèsontèd by assats and Ilabllltlas At 18 June 2024 Unr8strlctod D8slgnatod fund8 Restrlets Total Fund8 funds funds Tangible Fixed Assets Current Assets Current Liabilities 5,218 75,352 12501 6,584 75,352 12501 80,320 1.366 81,686 Unrestrictedand d85ignat8d fvnds.- Unrestricted Revenue Funds 72,783 7,535 80,318 Total unrestricted and de5ignat8d funds 72,783 7,535 80,318 Totsl ¢harlty funds 72,783 7,$35 1,366 81,684 9 Analysis of movements in funds over the year as shown in Note 68 Other Gains & Incom8 Exwnditur8 Mov8m8nt Losses in lunds 2024 2024 2024 2024 Unrestrictedand de5ignat8d fvnds.". Unr8Stricted Revenue Funds 210,756 1203,2211 7,535 210,756 1203,2211 7,535 10 The purposes for which the funds as Unrestricted and designated funds." Th8s8 fund5 are h81d for the m88ting the obj8Ctiv8s of th8 charity, and to provide reserves for future 8Ctivities, and subject to charity legislation, are free frorD all reslriclions on their use. Thi5 fund represents the unrestricted surplus arising on the revaluation of th$ charity's assets. Unr8stiic18d R8venu8 Funds Unrestrict8d R8V81uation ReseN8 11 Ultimate controlling party The charity Is under the control ol Its legal members. Every member of the ¢harity has unlimited joint and several liability for the debts of the charity. 14
Docusign Envelope ID.. 38B1D31F-D3AG4B074759-E8188BCCOF1E Grace of Mercy Prayer Mountain Detalled analysls of Income and expendlture for the year ended 18 June 2024 as requlred by the SORP 2015 This analysis is classsified by Conventional nominal descriptions and not by activity. 12 Donations, Grants and Legacies Current year Unr8strl¢ted Funds Current year R88trIcted Funds Current year Total Funds Prior Year Total Fund$ 2024 2024 2024 2023 Donations and gifts from individuals Small donations individually less than £1000 210.756 210,756 75,405 Total donations and gifts from Indlvlduals 210,756 210,756 75,405 13 Expenditure on charitable activities - Direct spending Current year Unrestricted Funds Current year Restricted Fund5 Current year Total Funds Prior Year Total Funds Current year 2024 2024 2024 2023 Travel and SubSisten- Charitable Activities Books Advert Crusade & Cruise Event Music 14,759 14.759 370 1,000 1,000 15 280 796 33,370 117.861 33,370 117,861 59,009 5,196 450 Total direct spending 167,005 167,005 66,101 14 Support costs for charitable activities Current year Unrestricted Fut)ds Current ar Restricted Fund8 Current year Prlor Year Total Funds Total Funds Current year 2024 2024 2024 2023 Premlses Expenses Room Hire Administrativo overh8ads Telephone, fax and internel Postage Stationery and printing Software licences and expenses Sundry expenses LiCenS & Permits InsLJrance 2.559 offi expenses 3,856 Profgssional fgos paid to advisors othgr than th8 audiTtor or examiner Other legal and professional 206 Financial costs Bank charges Depreciation & Amortisalion in 15,000 15.000 7,166 247 4,491 7.166 247 4.491 515 327 2,995 1,072 2,693 10 10 2,559 3.856 206 450 1,731 450 1.731 428 339 Total support costs - Current Year 35,716 35,716 8,419
Docusign Envelope ID.. 38B1D31F-D3AG4B074759-E8188BCCOF1E Grace of Mercy Prayer Mountain Dgtalled analysls of Income and expendlture for the year ended 18 June 2024 as requlred by the SORP 2015 The basis of allocation of costs between activitie5 is described under accounting policies All the expenditure in the prior year was unrestrieted. 15 Other Expenditure - Governance Costs Current year unr8Strl¢tea Funds Current year R8$trictea Funds Current year Total Funds Prior Year Total Funds Gurrent Year 2024 2024 2024 2023 Independent Examiner's fees 500 500 500 Total Governance costs 500 500 500 16 Total Charitable expenditure Current year unrastricte Funds 2024 Current year Re8tricte Funds 2024 CutTent year Ptlor Year Total Funds Total Funds Current Year 2024 2023 Totsl direct spending Totsl support cosls Total Govemance costs 167.005 35,716 500 167,005 35.716 500 66,101 8,419 500 Total charltsble expendlture 203,221 203,221 75,020 All th8 8xp&nditur8 in the prior y8ar w8s unr8Stricted. 16