## **Registered Charity Number 1208992**
Report of the Trustees and Unaudited Financial Statements For The Year Ended 31st August, 2025
## **LFF Grace House**
## **LFF Grace House**
**Contents of The Financial Statements For The Year Ended 31st August, 2025**
||**Page**|
|---|---|
|Report of The Trustees|1 - 2|
|Independent Examiner's Report|3|
|Statement of Financial Activities|4|
|Balance Sheet|5|
|Notes to the Financial Statements|6|
|Detailed Statement of Financial Activities|7|
## **LFF Grace House Report Of The Trustees For The Year Ended 31st August, 2025**
## **Registered Charity Number 1208992**
## **Chairman:**
Laurel Uzoamaka ADIBE
## **Principal Address.**
10 Potters Field Harlow Essex United Kingdom, CM17 9BY
## **Trustees**
Oluwaseyitan ADELUMOLA Omolara OYEBAMIJI
## **Independent Examiner**
Paperchase Taxation Accountants 22b Sydenham Road
London SE26 5QW
1
**LFF Grace House**
**Report of the Trustees For The Year Ended 31st August, 2025**
The trustees present their report with the financial statements of the charity for the year ended 31 August 2025. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) ‘Accounting and Reporting by Charities' issued in July 2014.
## **STRUCTURE, GOVERNANCE AND ANAGEMENT**
## **Description of the charity’s trusts**
Governing document: Trust deed The charity is a trust Trustee selection is by appointment
The main activity of the charity is the establishment and maintenance of worship centres to enable the members of the public to participate in Christian worship. Making grants and donations to the needy.
We are slowly building a children ministry to enhance their knowledge about the christian faith
## **RISK MANAGEMENT**
The Trustees have conducted a review of the major risks which the Charity is exposed. A risk register has been established which identifies the major risks by area of activity, the nature of those risks, the likelihood of the risks happening and the measure taken to manage them. The Trustees review the risk register regularly at their meetings and are satisfied that systems are in place to manage the risks that have been identified. In particular, insurance cover is in place and the finances of the Charity are kept under review. Appropriate Disclosure & Barring Service check (DBS) training undertaken and, supported by regularly reviewed policies are done for all those who work with children or other vulnerable groups with the Charity.
## **FINANCIAL REVIEW**
We plan on having financial reviews with the church and leaders every 6 months to review our financial achievements and contributions towards various events and ministries.
## **PLANS FOR FUTURE PERIODS**
In future, we plan to expand our ministries in Universities and register as a society in different Universities.
24/04/2026
Approved by order of the board of trustees on …………………………………………..and signed on its behalf by:
.......................................................
## **Laurel Uzoamaka ADIBE**
2
## LFF Grace House
For The Year Ended 31st August, 2025
## Independent Examiner's Report
To the Trustees of
LFF Grace House
I report on the accounts for the year ended 31st August, 2025 set out on pages four to Seven.
Respective responsibilities of trustees and examiner The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year (under Section 144(2) of the Charities Act 2011 (the 2011 Act)) and that an independent examination is required. The charity's gross income does not exceed £250,000 and I am qualified to undertake the examination by being a qualified member of ACCA.
It is my responsibility to:
examine the accounts under Section 145 of the 2011 Act to follow the procedures laid down in
the General Directions given by the Charity Commission (under Section l45(5)(b) of the 2011 Act);
and to state whether particular matters have come to my attention.
## Basis of the 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 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 no opinion is given as to whether the accounts present a 'true and fair view ' and the report is limited to those matters set out in the statements 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 130 of the 2011 Act; and to prepare
accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 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 accounts to be reached.
## Abiodun A Adeboyejo (FCCA,AFA, ACA, FAIA)
PaperChase Taxation
22b Sydenham Road London. SE26 5QW
Date................................................
3
LFF Grace House
## Statement of Financial Activities
For The Year Ended 31st August, 2025
|Unrestricted
Notes
£
Income Resources
Incoming Resources From Generated Funds
Voluntary Income
1
58,770
Total Income Resources
58,770
Resources Expended
Charitable Activities
Physical & Spiritual Need
60,681
Governance Costs
2
860
Total Resources Expended
61,541
NET INCOMING RESOURCES
(2,771)
RECONCILATION OF FUNDS
Total Funds Balances b/fwd
-
Total Funds Balances c/fwd
(2,771)|Restricted
£
-
-
-
-
-
-
-|2025
Total
Fund
£
58,770|
|---|---|---|
|||58,770|
|||60,681
860|
|||61,541|
|||(2,771)
-|
||-|(2,771)|
The Notes Form Part of These Financial Statements
4
## LFF Grace House
Balance Sheet as at 31 August 2025
|Notes
FIXED ASSETS
Tangible assets
CURRENT ASSETS
Debtors
3
Cash at bank and in hand
CREDITORS
Amounts Falling Due after one Year
5
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
NET ASSETS
Unrestricted Funds
6
Unrestricted Funds
TOTAL FUNDS|2,209
7,700
10,036
22,716
(4,980)
(2,771)
(2,771)|2025
Total
£
2,209
7,700
10,036
22,716
(4,980)|
|---|---|---|
|||(2,771)|
|||(2,771)|
|||(2,771)|
|||(2,771)|
The financial statements were approved by the Board of Trustees on.................................... were signed on its behalf by:
Approved by Board of Trustees Laurel Uzoamaka ADIBE
The Notes Form Part of These Financial Statements
5
The Notes Form Part of These Financial Statements
6
## LFF Grace House
## Notes to the Financial Statementss
for the year ended 31 August 2025
## ACCOUNTING POLICIES
## Accounting convention
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015), the Charities Act 2011 and the requirements of the Statement of Recommended Practice (SORP 2015), Accounting and Reporting by Charities (issued July 2014)
## Incoming resources
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
## Resources expended
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Tangible fixed assets Taxation
The charity is exempt from tax on its charitable activities.
## Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
## 1 Voluntary Income
|Voluntary Income||
|---|---|
|Tithes & Offering|2025
£
58,770|
||58,770|
|2
Governance Costs
Accountancy|2025
860|
|---|---|
||860|
7
## LFF Grace House
Notes to the Financial Statementss for the year ended 31 August 2025
## 2025
|||2025||
|---|---|---|---|
|3
Tangible fixed assets
Cost
At 1 September 2024
Additions
At 31 August 2025
Depreciation
Charge for the year
At 31 August 2025
Net book value
At 31 August 2025
4
Debtors : Amounts Falling Due within one year
Other debtors
5
Creditors: amounts falling due after one year
Bank loans
Mortgage loans
6
Movement in Funds
Unrestrictedfunds
TOTAL FUNDS
Net movement in funds, included in the above are a|At 01 04 24
£
-
-
s follows:
Incoming
Resources|2025
£
7,700
7,700
2025
£
16,131
6,585
22,716
Net
Movement
In Funds
£
(2,771)
(2,771)
Resources
Expended|Fixtures &
Fittings
£
-
4,800|
||||4,800|
||||2,591|
||||2,591|
|||||
||||2,209|
|||||
8
## LFF Grace House
Notes to the Financial Statementss for the year ended 31 August 2025
|Unrestricted funds
General fund
Total Fund|£
58,770
58,770|£
61,541|
|---|---|---|
|||61,541|
9
LFF Grace House
Detailed Statement Of Financial Activities For The Year Ended 31st August, 2025
|INCOMING RESOURCES
Tithes & Offering
Total Incoming Resources
RESOURCES EXPENDED
Charitable Activities
Pastoral allowances
Welfare
Wages and salaries
Employer's NI
Travelling and subsistence
Printing, postage & stationery
Church expenses
Bank charges
Donation & Subscription
Telephone and fax
IT / Software
Governance Costs
Accountancy fees
Professional charges
Support Costs Management
Rent & rates
Insurance
Light and heat
Depreciation charge
TOTAL RESOURCES EXPENDED
NET INCOME|2025
Unrestricted
Restricted
Total
Fund
£
£
£
58,770.00
58,770.00|
|---|---|
||58,770.00
-
58,770.00|
||1,355.00
1,355.00
33,361.00
33,361.00
1,183.00
1,183.00
1,962.00
1,962.00
481.00
481.00
4,112.00
4,112.00
53.00
53.00
2,299.00
2,299.00
1,176.00
1,176.00
156.00
156.00|
||46,138.00
-
46,138.00|
||860.00
860.00
-
-|
||860.00
-
860.00|
||-
13,465.00
13,465.00
281.00
281.00
245.00
245.00
552.00
552.00|
||14,543.00
-
14,543.00|
|||
||61,541.00
-
61,541.00|
|||
||2,771.00
-
-
2,771.00
-|
10