GRACE OF MERCY PRAYER MINISTRY
## **FINANCIAL STATEMENTS**
# **FOR THE YEAR ENDED 31[st] December 2023 CHARITY NUMBER: 1203776**
## **CONTENTS PAGE**
|**CONTENTS PAGE**||
|---|---|
|Legal and administrative information|3|
|Report of the trustees|4-6|
|Income and Expenses Statement|7|
|Independent Examiner’s report|8|
GRACE OF MERCY PRAYER MINISTRY
## **Legal and administrative information**
## **Trustees**
Olufunmilayo Akanbi-Oyefusi Oreoluwa Deborah Akanbi-Oyefusi Adebayo Adejumo
## **Address**
Flat 12, 133 Woodhouse lane Manchester M22 9NW
## **Independent Examiners**
Solomon Allistar (MAAT) 54 Carriocca Business Park Hellidon Close, Ardwick Manchester M12 4AH
## **Charity Registration Number**
1203776
GRACE OF MERCY PRAYER MINISTRY
## **ANNUAL REPORT FOR THE YEAR ENDED 31[st] December 2023**
Grace of Mercy Prayer Ministry is constituted by a Charity incorporated Organisation Foundation model constitution and is a registered charity, No 1203776. Its address is Flat 12, 133 Woodhouse lane, Manchester , M22 9NW
The charity trustees to 31[st] December 2023 were:
- Olufunmilayo Akanbi-Oyefusi
- Oreoluwa Deborah Akanbi-Oyefusi
- Adebayo Adejumo
## **The objects of the charity are as follows.**
To advance the Christain faith for the benefit of the public in accordance with the word of our lord Jesus Christ in the Holy bible in the United Kingdom from time to time as the trustees deem fit.
The trustees’ policy is to ensure that the above aims are met to the highest possible standard.
Volunteers staff the charity, with the workload spread among some of the senior members.
The charity is funded by the general public which is been used towards the maintenance and improvement of the charity’s assets and promoting and achieving the charity’s objects
These financial statements have been prepared in accordance with the provisions applicable to charity law.
The financial statements were approved by the Board of Trustees and authorised for issue on 25/09/2024 and were signed on its behalf by:
Olufunmilayo Akanbi-Oyefusi Date 25/0/2024 Trustee / Chairman
GRACE OF MERCY PRAYER MINISTRY
## **ANNUAL REPORT FOR THE YEAR ENDED 31[st] December 2023**
## **Statement of Trustees’ responsibilities**
The Board of Trustees has overall responsibility for ensuring The Board of Trustees are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice.
Charity law applicable to charities in England/Wales requires the Board of Trustees to prepare financial statements for each financial year which gives a true and fair view of the state of affairs of the Charity and of the surplus or deficit of the Charity for that period. In preparing those financial statements the Board of Trustees have:
- Selected suitable accounting policies and applied them consistently.
- Made judgments and estimates that are reasonable and prudent,
- Stated whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- Prepared the financial statements on a going concern basis (unless it is inappropriate to presume that the Charity will continue in operation that the Charity has an appropriate system of controls, financial and otherwise.
- They are also responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 1993. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the detection and prevention of fraud and other irregularities.
- The Board of Trustees is responsible for the maintenance and integrity of the corporate and financial information. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
GRACE OF MERCY PRAYER MINISTRY
## **Report of the Trustees for the Year Ended 31[st] December 2023**
We, as the Trustees of the Charity who held office at the date of approval of these financial statements as set out on page 4 each confirm, so far as we are aware, that:
There is no relevant information of which the Charity's independent examiner are unaware; and we have taken all the steps that we ought to have taken as Trustees in order to make ourselves aware of any relevant information and to establish that the charity's independent examiner is aware of that information.
## **ACHEIVEMENT AND PERFORMANCE**
Operated a food bank by donating food items to the homeless and those facing financial difficulty on a monthly basis in Manchester City Centre and the neighbouring councils.
## **Independent Examiner** :
The Charity's independent examiner, Solomon Allistar (MAAT) of SAA BUSINESS SUPPORT LTD has indicated their willingness to continue in office and offer themselves for appointment.
This report was approved by the Trustees on and signed on their behalf by:
Olufunmilayo Akanbi-Oyefusi Trustee / Chairperson
Date 25/09/2024
## **INCOME AND EXPENDITURE ACCOUNT FOR YEAR ENDED 31[ST] December 2023**
**----- Start of picture text -----**
INCOME £
2023
Voluntary Donations £ 8,680
£
TOTAL INCOME £8,680
EXPENSES
Welfare £6,300
Misc £750
IT £198
Printing and stationery £85
Professional fees £400
Transport £255
Total Expenses £7,988
Surplus £692
**----- End of picture text -----**
## **Independent Examiner’s Report to the Trustees of**
## GRACE OF MERCY PRAYER MINISTRY
I report on the accounts of the Trust for year ended 31[st] December 2023, which is set out on pages 7
## **Respective responsibilities of Trustees and examiner**
As the charity’s trustees, you are responsible for the preparation of the accounts; you consider that the audit requirement of section 43(2) of Charites Act 1993 (the Act) does not apply. It is my responsibility to state, on the basis of the procedures specified in the General Directions given by the Charity Commissioners under sector 43(7)(b) of the Act, whether matters have come to my attention.
## **Basis of independent examiner’s report**
My examination was carried out in accordance with the General Directors given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts 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 I do not express an audit opinion on the view given by the accounts.
## **Independent examiner’s statement**
In connection with our examination, no matter has come to our attention: -
- to keep accounting records in accordance with section 386 and 387 of the Companies Act 2006 and
- - to prepare accounts which accord with the accounting records, comply with the accounting requirements of Section 394 and 395 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities have not been met; or
- 2) to which, in my opinion, attention should be drawn to enable a proper understanding of the accounts to be reached.
SOLOMON ALLISTAR (MAAT)
_SAA Business Support Limited 54 Carriocca Business Park Hellidon Close, Ardwick Manchester M12 4AH_