_**Charity Number**_
_**1201745**_
## **GRACE AND MERCY OF GOD CHRISTIAN MINISTRIES**
**Trustees' Report and Financial Statements For the Year Ended 31 January 2025**
**Prima and Company Chartered Accountants**
## **GRACE AND MERCY OF GOD CHRISTIAN MINISTRIES**
## **CONTENTS**
||**Page**|
|---|---|
|Reference and administrative details of the charity, its trustees and advisers|3|
|Trustees' report|4|
|Independent examiner's report|6|
|Statement of financial activities|5|
|Balance sheet|7|
|Notes to the financial statements|8-12|
|The following pages do not form part of the statutory financial statements:||
|Detailed income and expenditure account and summaries|13|
## **GRACE AND MERCY OF GOD CHRISTIAN MINISTRIES**
## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 JANUARY 2025**
## **Trustees**
Pastor Mercy Okoh-Jemirifo, Chair (Trustee) Mrs. Lydia Fatimo Johnny, Trustee Grace O Okoh-Emokpae, Trustee
**Company registration number** CE031256 **Charity registered number** 1201745
## **Principal office address**
20 Beltwood Road Belvedere DA17 6DS
## **Accountants**
**Prima and Company Chartered Accountants** 222A Camberwell Road London SE5 0ED
## **Bankers**
Barclays Bank Plc Belvedere
_**Page 3**_
**GRACE AND MERCY OF GOD CHRISTIAN MINISTRIES**
## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 JANUARY 2025**
The Trustees submit their annual report and the financial statements of Grace and Mercy of God Christian Ministries (the charity) for the year ended 31 January 2025. The trustees confirm that the annual report and financial statements of the charity comply with current statutory requirements, the requirements of the charity's governing document and the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities" issued in March 2005.
## **Constitution, Policies and Objectives**
There have been no changes in the objectives since the last annual report.
## **METHOD OF APPOINTMENT OR ELECTION OF TRUSTEES**
The management of the charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Charity Commission Scheme.
## **VOLUNTEERS**
The Charity is grateful for the unstinting efforts of its volunteers who are involved in evangelism, children ministries and other numerous tasks in order to ensure that the objectives of the Charity are met. The Charity plans to re-appoint volunteers and coordinators to ensure that the best values are derived from the sterling efforts of our volunteers.
## **PRINCIPAL ACTIVITIES**
The principal activities of the charity includes: Christian worship, Evangelism, Encouraging participation in various ministries and engaging the ministers to propagate Christian tenets to members and non-members.
During the year the Trustees are glad to report that the Church continues to carry out important missionary works in UK, particularly in London. In UK, the poor, the sick and the disabled were ministered unto and provided with some basic needs such as clothing, food and life saving medication. the Church continues to help and support the sick.
In addition to more missions planned for 2025 our members and volunteers continued the ministration and counselling of the sick and students in the poor neighborhoods.
## **FUNDRAISING ACTIVITIES/INCOME GENERATION**
The main sources of income of the charity are from members in the form of tithes and offerings, and from the general public in form of donations. The funds are applied towards charity administration and planned local and national projects.
This report was approved by the Trustees on the **12 September 2025** and signed on its behalf, by:
Pastor Mercy Okoh-Jemirifo, Chair (Trustee)
_**Page 4**_
## **GRACE AND MERCY OF GOD CHRISTIAN MINISTRIES**
## **STATEMENT OF FINANCIAL ACTIVITIES (incorporating income and expenditure account) FOR THE YEAR ENDED 31 JANUARY 2025**
|**INCOMING RESOURCES**
**Note**
Tithes, offerings and similar incoming resources
2
**TOTAL INCOMING RESOURCES**
**RESOURCES EXPENDED**
Costs of activities in furtherance of the church's objective
4
Governance costs
3
**TOTAL RESOURCES EXPENDED**
**MOVEMENT IN TOTAL FUNDS FOR THE YEAR- NET**
**INCOME/(EXPENDITURE) FOR THE YEAR**
**_Total Funds at 01February 2024_**
**TOTAL FUNDS AT 31 JANUARY 2025**|**Unrestricted**
**funds**
**2025**
**£**
21,315
**21,315**
7,766
3,663
**11,429**
9,887
**4,598**
**14,485**|**Unrestricted**
**funds**
**2024**
**£**
7,233|**Unrestricted**
**funds**
**2024**
**£**
7,233|
|---|---|---|---|
||||**7,233**
1,428
1,207
**2,635**
4,598
**-**
**4,598**|
_The notes on pages 8 to 12 form part of these financial statements._
_**Page 5**_
## **GRACE AND MERCY OF GOD CHRISTIAN MINISTRIES**
## **INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 JANUARY 2025**
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF GRACE AND MERCY OF GOD CHRIST MINISTRIES.**
I report on the financial statement of the charity for the year ended 31 January 2025 which comprise the Statement of Financial Activities and Balance Sheet, with the related notes.
## **RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER**
The charity's Trustees are responsible for the preparation of the financial statements, and they consider that an audit is not required for the year ended, under section 43(2) of the Charities Act 1993 (the Act) and that an independent examination is needed.
It is my responsibility to:
- . examine the financial statements under section 43 of the Act;
- . follow the procedures laid down in the General Directions given by the Charity Commission under section
- 43(7)(b) of the Act; and
- . state whether particular matters have come to my attention.
## **BASIS OF INDEPENDENT EXAMINER'S REPORT**
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you as Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the financial statements present a 'true and fair view' and the report is limited to those matters set out in the statement below.
## **INDEPENDENT EXAMINER'S STATEMENT**
In connection with my examination, no matter has come to my attention:
- (1) which gives me reasonable cause to believe that in any material respect the requirements:
- . to keep accounting records in accordance with section 41 of the Act; and
- . to prepare financial statements which accord with the accounting records and comply with the accounting requirements of the Act have not been met; or
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached.
Signed:
M E Nwonu ACA, MBA, LLM _Dated :_ 12th September 2025
**Prima and Company** 222A Camberwell Road Camberwell London SE5 0ED
_**Page 6**_
## **GRACE AND MERCY OF GOD CHRISTIAN MINISTRIES**
## **BALANCE SHEET AS AT 31 JANUARY 2025**
|**Note**
**FIXED ASSETS**
**Investment**
Tangible fixed assets
**7**
**CURRENT ASSETS**
Cash at bank
**CREDITORS:**_Amounts falling due within_
_one year_
**9**
**NET CURRENT ASSETS/(LIABILITIES)**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**TOTAL NET ASSETS/(LIABILITIES)**
**CHARITY FUNDS**
Unrestricted funds
**10**
**TOTAL FUNDS**|_£_
_£_
-
**676**
**14,159**
**(350)**
**13,809**
**14,485**
**14,485**
**14,485**
**14,485**
**2025**|_£_
_£_
-
**676**
**14,159**
**(350)**
**13,809**
**14,485**
**14,485**
**14,485**
**14,485**
**2025**|_£_
_£_
-
**676**
**14,159**
**(350)**
**13,809**
**14,485**
**14,485**
**14,485**
**14,485**
**2025**|_£_
_£_
-
**_787_**
**_4,111_**
**_(300)_**
**_3,811_**
**_4,598_**
**_4,598_**
**_4,598_**
**_4,598_**
**2024**|_£_
_£_
-
**_787_**
**_4,111_**
**_(300)_**
**_3,811_**
**_4,598_**
**_4,598_**
**_4,598_**
**_4,598_**
**2024**|_£_
_£_
-
**_787_**
**_4,111_**
**_(300)_**
**_3,811_**
**_4,598_**
**_4,598_**
**_4,598_**
**_4,598_**
**2024**|
|---|---|---|---|---|---|---|
||||||||
||||**14,485**|||**_4,598_**|
||||**14,485**|||**_4,598_**|
||||**14,485**|||**_4,598_**|
The financial statements were approved by the Trustees on **12 September 2025** and signed on their behalf, by:
**----- Start of picture text -----**
...........................................
Mrs. Lydia Fatimo Johnny, Trustee
**----- End of picture text -----**
_The notes on pages 8 to 12 form part of these financial statements._
_**Page 7**_
**GRACE AND MERCY OF GOD CHRISTIAN MINISTRIES**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025**
## **1. ACOUNTING POLICIES**
## **1.1 Basis of preparation of financial statements**
The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). The financial statements have been prepared in accordance with the Statement of Recommended Practice (SORP), "Accounting and Reporting by Charities" published in March 2005 and applicable accounting standards.
## **1.2 Tangible fixed assets and depreciation**
All assets costing more than £50 are capitalized.
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Furniture and Fixtures - 25% Reducing balance Plant and Equipment - 25% Reducing balance
## **1.3 Fund accounting**
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.
_**Page 8**_
## **GRACE AND MERCY OF GOD CHRISTIAN MINISTRIES**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025**
## **1. ACCOUNTING POLICIES (continued)**
## **1.4 Incoming resources**
All incoming resources are included in the statement of financial activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
Gifts in kind donated for distribution are included at valuation and recognized as income when they are distributed to the projects. Gifts donated for resale are included as income when they are sold. Donated facilities are included at the value to the charity where this can be quantified and a third party is bearing the cost. No amounts are included in the financial statements for services donated by volunteers.
Donated services or facilities, which comprise donated services, are included in income at a valuation which is an estimate of the financial cost borne by the donor where such a cost is quantifiable and measurable. No income is recognized where there is no financial cost borne by a third party.
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognized at the time of the donation.
Income tax recoverable in relation to investment income is recognized at the time the investment income is receivable.
## **1.5 Resources expended**
All expenditure is accounted for on an accruals basis and has been included under expense categories that aggregate all costs for allocation to activities. Where costs cannot be directly attributed to particular activities they have been allocated on a basis consistent with the use of the resources.
Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.
## **2. DONATIONS, LEGACISE AND SIMILAR INCOMING RESOURCES**
|Tithes & Offering
Other similar incoming resources|**Unrestricted**
**funds**
**2025**
**£**
**20,748**
**567**
**_21,315_**|**Unrestricted**
**funds**
**2024**
**£**
**6,183**
**1,050**
**_7,233_**|
|---|---|---|
_**Page 9**_
## **GRACE AND MERCY OF GOD CHRISTIAN MINISTRIES**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025**
## **3. ANALYSIS OF RESOURCES EXPENDED BY EXPENDITURE TYPE**
||Unrestricted|Unrestricted|
|---|---|---|
||funds|funds|
||**2025**|**2024**|
||**£**|**£**|
|Accountancy fees|350|300|
|Repairs and Maintenance|62|-|
|Travel & tours|796|-|
|Fares, travel & subsistence|168|121|
|Website, internet and publicity|-|101|
|Members & Children's welfare|20|-|
|Software|96|24|
|Motor expenses|30|40|
|Telephone and faxes|1,915|358|
|Depreciation|226|263|
||**3,663**|**1,207**|
## **4. ANALYSIS OF RESOURCES EXPENDED BY ACTIVITIES**
|Activities
undertaken
**directly**
**2025**
**£**
Cost of activities in furtherance of
the church's objective
**7,766**|**Support**
**costs**
**2025**
**£**
**-**|**Total**
**2025**
**£**
**7,766**|**Total**
**2024**
**£**
**1,428**|
|---|---|---|---|
## **5. NET INCOME / (EXPENDITURE)**
This is stated after charging:
||**2025**|**2024**|
|---|---|---|
||**£**|**£**|
|Depreciation of tangible fixed assets:|||
|- owned by the charity|**226**|**263**|
|Internal audit costs|**-**|**-**|
_**Page 10**_
## **GRACE AND MERCY OF GOD CHRISTIAN MINISTRIES**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025**
## **6. STAFF COSTS**
|Staff costs were as follows:
Wages and salaries
Social security costs
The average monthly number of staff during the year ended was
Number of staff||**2025**
**£**
-
-
**-**
s follows:
**Number**
**Nil**|**2024**
**£**
-
-
**-**|
|---|---|---|---|
||a||**Number**
**Nil**|
No employee received remuneration amounting to more than £60,000 during the year.
## **7. TANGIBLE FIXED ASSETS**
|**Equipment**
**£**
**Costs**
As at 1 February 2024
1,050
Additions
115
As at 31 January 2025
**1,165**
**Depreciation**
As at 1 February 2024
263
Charge for the year
226
As at 31 January 2025
**489**
**Net book value**
As at 31 January 2025
**676**
As at 31 January 2024
**_787_**|**_Total_**
**_£_**
_1,050_
115
**1,165**
263|
|---|---|
||**226**|
||489
**676**
**_787_**|
_**Page 11**_
## **GRACE AND MERCY OF GOD CHRISTIAN MINISTRIES**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025**
## **8. DIRECT COSTS**
|**8. DIRECT COSTS**
**Primary**
**purpose tra-**
**nsactions**
**£**
Donation-Food bank
351
Donation-Mother's Day
624
Data and communication
81
Baptism & communion services
1,145
Refreshments and thanksgiving
2,369
Gift & donation
121
Volunteer expenses
-
Members' retreat
2,105
Choir & musicals
100
Christmas & carol services
572
Subscription expenses
298
7,766
**9. Creditors: Amounts falling due within one year**
Accruals and deferred charges|**Total**
**2025**
**£**
**351**
**624**
**81**
**1,145**
**2,369**
**121**
**-**
**2,105**
**100**
**572**
**298**
**7,766**
**2025**
**£**
350
**350**|**Total**
**2024**
**£**
**-**
**100**
**168**
**-**
**592**
**-**
**87**
**-**
**100**
**381**
**-**|
|---|---|---|
|||**1,428**|
|||**2024**
**£**
300|
|||**300**|
## **10. STATEMENT OF FUNDS**
|**10. STATEMENT OF FUNDS**|||||
|---|---|---|---|---|
|**Unrestricted funds**
Reserves
General funds
**SUMMARY OF FUNDS**
**General funds**|**Brought**
**Forward**
**£**
-
4,598
**4,598**
**Brought**
**Forward**
**£**
**4,598**|**Incoming**
**Resources**
**£**
-
21,315
**21,315**
**Incoming**
**Resources**
**£**
**21,315**|**Resources**
**Expended**
**£**
-
(11,429)
**(11,429)**
**Resources**
**Expended**
**£**
**(11,429)**|**Carried**
**Forward**
**£**
-
14,485|
|||||**14,485**|
|||||**Carried**
**Forward**
**£**
**14,485**|
_**Page 12**_
**GRACE AND MERCY OF GOD CHRISTIAN MINISTRIES**
## **DETAILED INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 JANUARY 2025**
|**£**
**£**
**INCOME**
Tithes and Offering
**20,748**
Other sundry income
**567**
**TOTAL INCOME**
**21,315**
**LESS: EXPENDITURE**
Donation-Food bank
**351**
Donation-Mother's Day
**624**
Baptism & communion services
**1,145**
Data and Communication
**81**
Subscription expenses
**298**
Christmas & carol services
**572**
Fares, travel & subsistence
**168**
Refreshments and thanksgiving
**2,369**
Accountancy fees
**350**
Website, internet and publicity
**-**
Repairs and maintenance
**62**
Members & Children's welfare
**20**
Motor running costs
**30**
Gift & donation
**121**
Choir & musicals
**100**
Travel & tours
**796**
Software costs
**96**
Members' retreat
**2,105**
Telephone and faxes
**1,915**
Depreciation- computer equipment
**226**
**TOTAL EXPENDITURE**
**11,429**
**NET SURPLUS/ (DECIFIT) FOR THE YEAR ENDED**
**9,887**
**2025**|**£**
**£**
**6,183**
**1,050**
**7,233**
**-**
**100**
**-**
**168**
**-**
**381**
**121**
**592**
**300**
**101**
**-**
**-**
**40**
**-**
**-**
**-**
**24**
**-**
**358**
**263**
**2,448**
**4,785**
**2024**|
|---|---|
||**-**
**100**
**-**
**168**
**-**
**381**
**121**
**592**
**300**
**101**
**-**
**-**
**40**
**-**
**-**
**-**
**24**
**-**
**358**
**263**|
|||
_**Page 13**_
THIS SCHEDULE IS NOT FOR PUBLICATION