2025-08-31-accounts - Gracious Ministries

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Trustees’ Annual Report for the period

From 01/09/2024 To 31/08/2025

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 Ministries, 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 Ministries had 2 volunteers during the year ended 31/08/2025. 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	During the year ended 31 August 2025, Gracious Ministries continued to make good progress in advancing its charitable objectives by promoting the Christian faith through evangelistic outreach, public worship, prayer meetings, biblical teaching, religious festivals and lectures. The charity also made progress towards securing a permanent venue, with the registration process completed and lease arrangements in progress. In addition, well-attended prayer retreats were held during the year, providing spiritual encouragement, strengthening faith and supporting individuals and families within the community.

Additional information (optional)

You may choose to include further statements where relevant about:

Achievements against objectives set
	Para 1.41


Performance of fundraising activities against objectives set	Para 1.41
Investment performance against objectives	Para 1.41
Other

Financial Review


Review of the charity’s financial position at the end of the period	Para 1.21	During the year, the charity received income of £2,613 (2025: £7,742) and incurred expenditure of £2,422 (2025: £8,015), resulting in a surplus of £191.54 (2025: deficit of £273). The Trustees are continuing to develop programmes and initiatives to increase income in future years.
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 adopted for the induction and training of trustees
	Para 1.51


The charity’s organisational structure and any wider network with which the charity works	Para 1.51
Relationship with any related parties	Para 1.51
Other

Reference and Administrative details


Charity name	Gracious Ministries
Other names the charity uses	Gracious Ministries
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	Type of	Name Address adviser	Name Address adviser	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 03/07/2026

Gracious Oak Ministry

Charity No. 1204525

Trustees' Report and Unaudited Accounts

31 August 2025

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 9
Detailed Statement of Financial Activities	10

Page 1

Gracious Oak Ministry Trustees Annual Report

The trustees present their report with the unaudited financial statements of the charity for the year ended 31 August 2025.

REFERENCE AND ADMINISTRATIVE DETAILS

Charity No. 1204525

Trustees

The following trustees served during the year:

A.D. Daniel F.C. Daniel A. Ngara

Accountants

PaulArt Accounting & Tax Services Ltd Suite 210 33 Great George Street Leeds LS1 3AJ

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 03 July 2026

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 year ended 31 August 2025.

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.

PaulArt Accounting & Tax Services Ltd Suite 210 33 Great George Street Leeds

LS1 3AJ 03 July 2026

Page 3

Gracious Oak Ministry Statement of Financial Activities for the year ended 31 August 2025

Unrestricted funds	Total funds	Total funds
2025	2025	2024
£	£	£

2,613	2,613	7,742
2,613	2,613	7,742

2,421	2,421	8,015
2,421	2,421	8,015
-	-	-
192	192	(273)
-	-	-
192	192	(273)

192	192	(273)

(273)	(273)	-
(81)	(81)	(273)

Page 4

Gracious Oak Ministry Balance Sheet at 31 August 2025

Charity No. 1204525 Current assets Cash at bank and in hand Creditors:Amount falling due within one year 7 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 8 Unrestricted funds 8 General funds Reserves 8 Total funds Approved by the trustees on 03 July 2026 And signed on their behalf by: F.C. Daniel Trustee 03 July 2026	2025 £ 509 509 (590) (81) (81) (81) (81) (81) (81) (81)	2024 £ 22
		22 (295)
		(273) (273)
		(273)
		(273)
		(273)
		(273)
		(273)

Page 5

Gracious Oak Ministry Notes to the Accounts

for the year ended 31 August 2025

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.
Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.

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

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

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 Statement of Financial Activities - prior year

Income and endowments from: Donations and legacies Total Expenditure on: Other Total Net income Net income before other gains/(losses) Other gains and losses: Net movement in funds Reconciliation of funds: Total funds carried forward 3 Income from donations and legacies Donations	Unrestricted £ 2,613 2,613	Unrestricted funds 2024 £ 7,742 7,742 8,015 8,015 (273) (273) (273) (273) Total 2025 £ 2,613 2,613	Total funds 2024 £ 7,742
			7,742 8,015
			8,015
			(273)
			(273)
			(273)
			(273)
			Total 2024 £ 7,742
			7,742

Page 7

Gracious Oak Ministry Notes to the Accounts

4 Other expenditure

of £60,000.	Unrestricted £ 95 2,031 295 2,421 2025 £ 295 2025 £	Total 2025 £ 95 2,031 295 2,421	Total 2024 £ 21 7,549 445
			8,015
			2024 £ 295 2024 £
	590		295
At 1 September 2024 (273) (273)	590 Incoming resources (including other gains/losses ) £ 2,613 2,613	Resources expended £ (2,421) (2,421) Unrestricted funds £ (81) (81)	295
			At 31 August 2025 £ (81)
			(81)
			Total £ (81)
			(81)

Page 8

Gracious Oak Ministry Notes to the Accounts

10 Reconciliation of net debt

Reconciliation of net debt
Cash and cash equivalents Net debt	At 1 September 2024 £	Cash flows £	At 31 August 2025 £
	22	487	509
	22 22	487 487	509
			509

Page 9

Gracious Oak Ministry Detailed Statement of Financial Activities

for the year ended 31 August 2025

Income and endowments from: Donations and legacies Donations 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 Accountancy and bookkeeping Other legal and professional costs Total of expenditure of other costs Total expenditure Net gains on investments Net income/(expenditure) Net income/(expenditure) before other gains/(losses) Other Gains Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward	Unrestricted funds 2025 £ 2,613 2,613 2,613 95 95 643 360 1,028 2,031 295 - 295 2,421 2,421 - 192 192 - 192 (273) (81)	Total funds 2025 £ 2,613 2,613 2,613 95 95 643 360 1,028 2,031 295 - 295 2,421 2,421 - 192 192 - 192 (273) (81)	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 10