GRACE OF MERCY PRAYER MINISTRY FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st December 2024 CHARITY NUMBER: 1203776 CONTENTS PAGE Legal and administrative information Report of the trustees Income and Expenses Statement Independent Examinerfs report GRACE OF MERCY PRAYER MINISTRY Legal and administrative information Trustees Olufunmilayo Akanbi-oyefusi Oreoluwa Deborah Akanbi-oyefusi Adebayo Adejumo Addre55 Flat 12, 133 Woodhouse lane Manchester M22 9NW IndependentExaminers Solomon Allistar IMAATI 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° December 2024 Grace of Mercy Prayer Ministry is constituted by a Charty incoryiorated Organisation FOundat￿n m(xlel constitution and is a registered charty, No 1203776. Its address is Flat 12, 133 Woodhouse Lqne, Manchester, M22 9NW The charty trustees to 31" Decemlxr 2024 were.. Olufunmilayo Akanbi-oyefusi Oreoluwa Deborah Akanbi-oyefusi Adebayo Adejumo The object5 ofthe charity are as follows. To advance Christain faith for the benefrt 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 rrt. Thc tru%tecs' policy i8 to ctLsurc that thc alxlvc ainL% arc mct to thc highest po8siblc %tandard. Volunteers staff the charity, with the workload spread amongF sorne of the senior members. Th¢ charity is fund¢d by th¢ g¢n¢ral public which is b¢¢n us¢d towards th¢ maintnan¢¢ and improvement of the charty's assets andpromoting and achieving the charty's objects These fn]ancial statements have been prepared in accordance with the provisions applKable to charity law. The fllmncial statements were approved by the BIHrd of Trustees and authorised for issue on 2510912024 and were signed on its behalf by: Olufunmilayo Akanbi-oyefusi Trustee / Chairman Date 2211012025 GRACE OF MERCY PRAYER MINISTRY ANNUAL REPORT FOR THE YEAR ENDED 31. December 2024 Statement of Trustees, responsibilities The Board of Trustees has overall responsibility for ensuring The Board of Trustees atE responsible for preparing the Annua l Report and the f￿ancial statements in accordance with applKabk ]aw and United Kingdom G¢n¢rally Acc¢pt¢d Accounting Practice. Charty law applicable to charities in England/Wales requires the Board of Trustees to prepare flnancial statements for each fll)ancial year which gives a true and fair view of the state of affai￿ of the Charty and of the surp]us or deficit of the Charty for that perKKL In preparing those f￿anCIal statements the Board of Trustees have.. Selected suitable accounting w]icies and apphed them consistently. Made Judgments and estunates that are reasonab]e and pnident, Statcd whcthcr app]icablc accounting standards havc LKcn fo]bwc(L subFct to any material departures disck)sed and exp]ained in the fmanLial statements; and Prepared the fllmnciql statements on a going concern basis (unless it is inappropriate to prcsumc that tho Charty will continu¥ in operation that th¢ Charity has an appropriafr sysfrm of controls, f]nancial and othenvise. They are abo responsible for keeping proper accounting records which disclose with reasonable accuracy at any tirne the f]nancial ￿sitIon of the Charity and enable them to ensure that the f]nancial statements compty with the Charities Act 1993. They are also res￿nSible 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 inte¥ity of the corwrate and fjnancial information. LegisLition in the United Kingdom governing the preparat￿11 and dissei]]n]ation of fll￿nCial statements may differ froin legislation in other Jurisdictions. GRACE OF MERCY PRAYER MINISTRY Report of the Trustees for the Year Ended 31" December 2024 We, as the Trustees of the Charity who held off￿e at the date of approval of these fmancial statements as set out on page 4 each confjm), so far as we are aware, that.. There is no relevant infornlation of which the Charitsls independent examiner are unaware. and we have taken all the steps that we ought to l]ave taken as Trustees in order to make ourselves aware of any relevant infom]ation and to establish that the Charity's inde￿ndent ¢xamin¢r is awar¢ of that inforn]ation. 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. IndependentExaminer'. The Charitys uidependent examuier, Solomon Allistar (MAAT) of SAA BUSINESS SUPPORT LTD has indicated their willingness to continue in office and offer theinselves for appointn]ent. Tl]is report was approved by the Trustees on and signed on ther beha]f by: Olufunmilayo Akanbi-oyefusi Trustee / Chairperson Date 2211012025 ST INCOME AND EXPENDITURE ACCOUNT FOR YEAR ENDED 31 December 2024 INCOME 2024 Voluntary Donations £ 3500.00 TOTAL INCOME £3,500.00 EXTENSES Charity activites Misc £2,555.33 £304.21 IT £80.31 Printing and stationery Professional fees £34.48 £162.24 Transport £103.43 Total Expenses £3240. SU￿)Ius Independent Examiner's Report to the Trustees of GRACE OF MERCY PRAYER MINISTRY I reyirt on tlr accounts of the Trust for year ended 3151 December 2023, which is set out on pages 7 R¢S￿¢t]Ve responsibilities of Trustees and examiner As the charity's trustees, you are ￿ spoi)sble for the preparation of the accounts; you consider that the audit requirement of section 43(2) of Chartte5 Act 1993 (the Act) does not apply. It is my responsibilty to state, on the basis of the procedure5 specified in the General Dwections given by the Charity Commissioners under sector 43(7)(b) of the ACL whether matters luve come to my attention. Basis ofindependent examiner's report My exan]llMtion was carried out in accordance with the General Drectors given by the Charty Cotiuniss ioners. An examinatKin inc ]udes a review of the accounting records kept by the charty and a comparison of the accounts pTesented wtih those records. It also includes consKleration of any unusual items or disclosures n the accounts and seeking expL2nations from you as trustees concen)ing any such matters. The procedures undertaken do not provide all the evidence that would be required in (In audit, and conbequently I do not express an audtt opinKin on the view given by the accounts. Independent examiner's statenEnt In connectx)n with our examination, no matter has come to our attentK)n'. to keep accounting records in accordance with SeCt￿n 386 and 387 of the Companies Act 2(N)6 and to prepare accounts wh￿h accord with the accounting records, comply with the accountii)g requremenls of Section 394 and 395 of the Companies Ac12006 and with the methods and principles of the Statement of Recommended Prnctice.. Accounting and R¢txirting by Charities hav¢ not b¢¢n m¢t; or 2) to whKh, in my OpinK1￿ attention shoukl be drawn to enable a proper understanding of the accounts to be reached. SOLOMON ALLISTAR (MAAT) SAA Business Support Limited 54 Carriocca Bu.SEnes,F Park Hellidon Close. A Ydwick Moiichester M12 4AH