## **Trustees’ Annual Report for the period**
**From 30/08/2023 To 31/08/2024**
**Charity name: Gracious Oak Ministry**
**Charity registration number: 1204525**
## **Objectives and Activities**
||||
|---|---|---|
||SORP reference||
|Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|The advancement of the Christian religion
messages -Technical Vocational Education &
Training (TVET) programs -empowerment
,Technology Incubation entrepreneurs|
|Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or
services identified in the
accounts.|Para 1.17 and 1.19|- Broadcasting Christian messages of an
evangelistic and teaching nature,
- Holding of prayer meetings, public celebration
of religious festival, lectures
- Producing and/or distributing literature
provision of funds, goods or services of any
kind including through the provision of
counselling
- Advance education through Technical
Vocational Education & Training (TVET)
- Develop business men or women by having
Christian Entrepreneurs focus groups|
|Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para 1.18|“We hereby confirm that we, as trustees of
Gracious Oak Ministry, have had due regard to
the guidance issued by the Charity Commission
concerning public benefit. We have actively
reviewed our charitable objectives and activities
in light of this guidance to ensure that we
continue to operate in a manner consistent with
our commitment to providing meaningful
benefits to our community.”|
## **Additional information (optional)**
## You may choose to include further statements where relevant about:
||||
|---|---|---|
||SORP reference||
|Policy on grant making|Para 1.38|N/A|
|Policy on social investment
including program related
investment|Para 1.38|We carefully allocate grants to initiatives that
align with our core objectives, focusing on
Technical Vocational Education & Training
programs, supporting Christian entrepreneurs
through targeted focus groups, and funding
media platforms for broadcasting religious
teachings.|
|Contribution made by
volunteers|Para 1.38|Gracious Oak Ministry had 5 volunteers during
the year ended 31/08/2024. We are grateful to
the volunteers that offered their time, effort,
skills and expertise to us. With their help and
support we were able to successfully plan and
organise our activities. Their expertise helped to
enhance the organisation’s effectiveness. Their
contributions are invaluable to our mission. They
not only help us achieve our goals but also
inspire others to get involved in meaningful
ways. We recognise their efforts as essential
components of our success and remain
committed to fostering an environment where
volunteerism thrives.|
|Other|||
## **Achievements and Performance**
SORP reference
||||
|---|---|---|
|Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.|Para 1.20|Between 30/08/2023 to 31/08/2024, Gracious
Oak Ministry was still in the set up phase, besides
that progress was made in achieving its
charitable objectives of broadcasting Christian
messages of an evangelistic and teaching nature,
holding prayer meetings, public celebration of
religious festivals, and providing lectures.|
## **Additional information (optional)** You may choose to include further statements where relevant about:
Para 1.41 Achievements against objectives set Performance of fundraising activities against objectives Para 1.41 set Investment performance Para 1.41 against objectives
Other
## **Financial Review**
|**inancial Review**|||
|---|---|---|
||||
|Review of the charity’s
financial position at the end of
the period|Para 1.21|During the year income of £7,742 was
received and expenditure was £8,015
resulting in deficit of £273. There is programs
in progress to increase the level of income.|
|Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|The charity aims to hold 3 months of core
costs.|
|Amount of reserves held|Para 1.22|Nil|
|Reasons for holding zero
reserves|Para 1.22|The charity is in the early phase and building
up the reserves.|
|Details of fund materially in
deficit|Para 1.24|N/A|
|Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23|N/A|
## **Additional information (optional)** You may choose to include further statements where relevant about:
||||
|---|---|---|
|The charity’s principal
sources of funds (including
any fundraising)|Para 1.47|Donations from the general public.|
|Investment policy and
objectives including any
social investment policy
adopted|Para 1.46|N/A|
|A description of the principal
risks facing the charity|Para 1.46|Visitors and members not making more
donations due to increasing cost of living all
over the world.|
|Other|||
## **Structure, Governance and Management**
||||
|---|---|---|
|Description of charity’s trusts:|||
|Type of governing document
(trust deed, royal charter)|Para 1.25|**CIO Foundation Constitution**|
|How is the charity
constituted?
(e.g unincorporated
association, CIO)|Para 1.25|**CIO**|
|Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled to
appoint one or more trustees|Para 1.25|Every charity trustee must be a natural person.
**Eligibility Criteria:**Prospective trustees must
meet certain eligibility criteria, including being
over 16 years old, not being disqualified from
serving as a trustee, and demonstrating values
such as honesty and integrity. At least one of the
trustees of the CIO must be 18 years of age or
over. If there is no trustee aged at least 18 years,
the remaining trustees may only act to call a
meeting of the charity trustees, or appoint a new
charity trustee.|
**Additional information (optional)** You may choose to include further statements where relevant about:
Policies and procedures Para 1.51 adopted for the induction and training of trustees The charity’s organisational structure and any wider Para 1.51 network with which the charity works Relationship with any related Para 1.51 parties Other
## **Reference and Administrative details**
|||
|---|---|
|Charity name|Gracious Oak Ministry|
|Other name the charity uses|Gracious Oak|
|Registered charity number|1204525|
|Charity’s principal address|100 Allerton Road
BRADFORD
West Yorkshire
BD8 0AZ|
|||
## **Names of the charity trustees who manage the charity**
|||||||
|---|---|---|---|---|---|
|||**Trustee name**|**Office (if any)**|**Dates acted if not for**
**whole year**|**Name of person (or body)**
**entitled to appoint trustee**
**(if any)**|
||1|Dr Festus
Chibuisi Daniel|Chair|||
||2|Absalom
Anesu Ngara|Trustee|||
||3|Ayomide
Daniel|Trustee|||
||4|||||
||5|||||
||6|||||
||7|||||
||8|||||
||9|||||
||10|||||
||11|||||
||12|||||
||13|||||
||14|||||
||15|||||
||16|||||
||17|||||
||18|||||
||19|||||
||20|||||
– Corporate trustees names of the directors at the date the report was approved
**Director name**
Name of trustees holding title to property belonging to the charity
**Trustee name Dates acted if not for whole year**
## **Funds held as custodian trustees on behalf of others**
Description of the assets held in this capacity Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets
## **Additional information (optional)**
**Names and addresses of advisers (Optional information)**
**Type of Name Address adviser**
**Name of chief executive or names of senior staff members (Optional information)**
## **Exemptions from disclosure**
Reason for non-disclosure of key personnel details
## **Other optional information**
## **Declarations**
**The trustees declare that they have approved the trustees’ report above.**
**Signed on behalf of the charity’s trustees**
**Signature(s) Full name(s)** Dr Festus Chibuisi Daniel **Position (eg** Chair **Secretary, Chair, etc) Date** 27/06/2025
## **Gracious Oak Ministry**
**Charity No. 1204525**
## **Trustees' Report and Unaudited Accounts**
**31 August 2024**
**Gracious Oak Ministry Contents**
||Pages|
|---|---|
|Trustees' Annual Report|2|
|Independent Examiner's Report|3|
|Statement of Financial Activities|4|
|Balance Sheet|5|
|Notes to the Accounts|6 to 8|
|Detailed Statement of Financial Activities||
Page 1
**Gracious Oak Ministry Trustees Annual Report**
The trustees present their report with the unaudited financial statements of the charity for the period ended 31 August 2024.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Charity No. 1204525**
## **Trustees**
The following trustees served during the year:
A. Daniel F.C. Daniel A.A. Ngara
## **Accountants**
## **Statement of trustees' responsibilities in relation to the financial statements**
The charity trustees are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
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 Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. 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.
Signed on behalf of the charity's trustees
F.C. Daniel Trustee 27 June 2025
Page 2
**Gracious Oak Ministry Independent Examiners Report**
## **Independent Examiner's Report to the trustees of Gracious Oak Ministry**
I report to the trustees on my examination of the financial statements of Gracious Oak Ministry for the period ended 31 August 2024.
## **Responsibilities and basis of report**
As the charity's trustees you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 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 that in any material respect:
- the accounting records were not kept in respect of the charity as required by section 130 of the Act; or
- the financial statements do not accord with those records; or
- the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements give a 'true and fair' view which is not a matter considered as part of an independent examination.
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.
Paul Dangirwa ACCA
27 June 2025
Page 3
**Gracious Oak Ministry Statement of Financial Activities**
## **for the period ended 31 August 2024**
|**Notes**
**Income and endowments**
**from:**
Donations and legacies
2
**Total**
**Expenditure on:**
Other
3
**Total**
Net gains on investments
**Net expenditure**
4
Transfers between funds
**Net expenditure before other**
**gains/(losses)**
**Other gains and losses**
**Net movement in funds**
**Reconciliation of funds:**
**Total funds carried forward**|||
|---|---|---|
||**Unrestricted**
**funds**|**Total funds**
**2024**
**£**
7,742
7,742
8,015
8,015
-
(273)
-
(273)
(273)
(273)|
||**2024**||
||**£**||
||||
||7,742||
||7,742||
||||
||8,015||
||8,015||
||-||
||(273)||
||-||
||(273)||
||||
||(273)||
||||
||(273)||
||||
||||
||||
Page 4
**Gracious Oak Ministry Balance Sheet**
## **at 31 August 2024**
## **Charity No. 1204525**
|||
|---|---|
|**Charity No. 1204525**
**Current assets**
Cash at bank and in hand
**Creditors:**Amount falling due within one year
6
**Net current liabilities**
**Total assets less current liabilities**
**Net liabilities excluding pension asset or liability**
**Total net liabilities**
**The funds of the charity**
**Restricted funds**
7
**Unrestricted funds**
7
General funds
**Reserves**
7
**Total funds**|**2024**
**£**
22|
||22
(295)|
||(273)
(273)|
||(273)|
||(273)|
||(273)|
||(273)|
||(273)|
Approved by the trustees on 27 June 2025
And signed on their behalf by:
F.C. Daniel Trustee 27 June 2025
Page 5
**Gracious Oak Ministry Notes to the Accounts**
## **for the period ended 31 August 2024**
- 1 **Accounting policies**
## **Basis of preparation**
The financial statements have been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic if Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
## **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.
## **Income**
Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.
- 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.
## **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.
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 tax on its charitable activities.
Page 6
**Gracious Oak Ministry Notes to the Accounts**
## **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.
## **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.
## 2 **Income from donations and legacies**
**----- Start of picture text -----**
Unrestricted Total
2024
£ £
7,742 7,742
**----- End of picture text -----**
|3
**Other expenditure**
Motor and travel costs
Premises costs
Legal and professional costs
4
**Net expenditure before transfers**
This is stated after charging:
Independent Examiner's fee
5
**Staff costs**
No employee received emoluments in excess of £60,000.
6
**Creditors:**
amounts falling due within one year
Accruals|7,742
**Unrestricted**
**£**
21
7,549
445
8,015
**2024**
**£**
295
**2024**
**£**|7,742
**Total**
**2024**
**£**
21
7,549
445
8,015|
|---|---|---|
||295||
||295||
Page 7
**Gracious Oak Ministry Notes to the Accounts**
## 7 **Movement in funds**
|**Restricted funds:**
**Unrestricted funds:**
**General funds**
**Total funds**
8
**Analysis of net assets between funds**
Net current assets
9
**Reconciliation of net debt**
Cash and cash equivalents
Net debt|**Incoming**
**resources**
**(including**
**other**
**gains/losses**
**)**
**£**
7,742
7,742|**Resources**
**expended**
**£**
(8,015)
(8,015)
**Unrestricted**
**funds**
**£**
(273)
(273)
**Cash flows**
**£**|**At 31**
**August**
**2024**
**£**
(273)|
|---|---|---|---|
||||(273)|
||||**Total**
**£**
(273)|
||||(273)|
||||**At 31**
**August**
**2024**
**£**|
|||22|22|
|||22
22|22|
||||22|
|||||
Page 8
**Gracious Oak Ministry Detailed Statement of Financial Activities**
## **for the period ended 31 August 2024**
|**Income and endowments from:**
Donations and legacies
**Total income and endowments**
**Expenditure on:**
Motor and travel costs
Travel and subsistence
Premises costs
Premises cleaning
Premises repairs and
maintenance
Other premises costs
Legal and professional costs
Audit/Independent examination
fees
Other legal and professional
costs
**Total of expenditure of other costs**
**Total expenditure**
Net gains on investments
**Net expenditure**
**Net expenditure before other**
**gains/(losses)**
Other Gains
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|**Unrestricted**
**funds**
**2024**
**£**
7,742
7,742
7,742
21
21
686
6,703
160
7,549
295
150
445
8,015
8,015
-
(273)
(273)
-
(273)
-
(273)|**Total funds**
**2024**
**£**
7,742|
|---|---|---|
|||7,742|
|||7,742
21|
|||21|
|||686
6,703
160|
|||7,549|
|||295
150|
|||445|
||||
|||8,015|
|||8,015
-|
|||(273)|
|||(273)
-|
|||(273)|
|||-|
|||(273)|
Page 9