UNITED GRACE MISSION UK
Financial Statements
for the year ended 31st December 2023
Registered with the Charity Commission for Northern Ireland: NIC 102094
We report on the financial statements of United Grace Mission UK for the year ended 31[st] December 2023, which are set out on pages 1 to 6.
Respective responsibilities of trustees and independent examiner:
The Charity’s trustees are responsible for the preparation of the financial statements. The trustees consider that an audit is not required for this year under section 62(2) of the Charities Act (Northern Ireland) 2008 and that an independent examination is needed.
It is our responsibility to
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examine the financial statements under section 65 of the Charities Act (Northern Ireland) 2008.
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to follow the procedures laid down in the general direction given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act (Northern Ireland) 2008.
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to state whether particulars matters have come to my attention.
Basis of the Independent examiner's statement
Our examination was carried in accordance with the general directions given by the Charities Commission for Northern Ireland. An examination includes a review of the accounting records kept by the charity and a comparison of the Financial Statements 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 financial statements present a “true and fair” and the report is limited to those matters set out in the next statement.
Independent examiner's statement
In connection with our examination, no matter has come to our attention;
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1) which gives us reasonable cause to believe that in any material respect the requirements:
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to kept accounting records in accordance with section 63 of the Charities Act .
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to prepare financial statements which accord with the accounting records and comply with the accounting requirements of the Charities Act 2008.
have not been met or
- 2) to which, in our opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached
Ian Murray
For and on behalf of Ian Murray & Co. Ltd, Chartered Certified Accountants 27 Joymount, Carrickfergus, BT38 7DN
Dated: 25[th] October 2024
UNITED GRACE MISSION UK
Financial Statements for the year ended 31st December 2023
Receipts and Payments Account for the year ended 31st December 2023
| Receipts Voluntary giving Donations and Bequests Investment Income Payments Cost of Fundraising Charitable Activities Governance Costs Before transfers between funds Transfers between Funds Net Operating Surplus/ (Deficit) |
Unrestricted Restricted Endowment Total Funds Funds Funds 2023 £ £ £ £ 5,223 613 0 5,836 0 0 0 0 425 0 0 425 5,648 613 0 6,261 0 0 0 0 6,892 0 0 6,892 490 0 0 490 7,382 0 0 7,382 (1,734) 613 0 (1,121) 0 0 0 0 (1,734) 613 0 (1,121) |
Total 2022 £ 7,228 0 84 7,312 0 19,863 0 19,863 (12,551) (12,551) |
|---|---|---|
The reconciliation of the receipts and payments shown above to the total funds of the Charity is disclosed on the following page
Page 1
UNITED GRACE MISSION UK
Financial Statements for the year ended 31st December 2023 Statement of Assets & Liabilities
Reconciliation of Receipts and Payments Account
| Opening Funds at beginning of year Surplus/ (Deficit) for the year Closing Funds at end of year Held as followings: Bank Current Account No. 1 Bank Reserve Account |
Unrestricted Restricted Endowment Total Funds Funds Funds 2023 £ £ £ £ 36,806 842 37,648 (1,734) 613 (1,121) 35,072 1,455 0 36,527 (498) 1,455 957 35,570 0 35,570 35,072 1,455 0 36,527 |
Total 2022 £ 50,199 (12,551) 37,648 2,503 35,145 37,648 |
|---|---|---|
Non-monetary Assets (not included above)
The Charity has no other Assets other than disclosed above.
Statement of Material Liabilities
The Trustees are not aware of any material liabilities at the date of this Report
Approved by the trustees on 25th October 2024 and signed on their behalf by:-
Lawrence Kennedy Sydney Johnston
Trustee
Trustee
Page 2
UNITED GRACE MISSION UK Financial Statements for the year ended 31st December 2023 Notes to the Accounts
Basis of Accounting under Receipts & Payments
Revenue that the Charity is entitled to is recorded when received, expenditure that the Charity incurred is recorded when paid.
Purpose and nature of funds
General unrestricted fund : These are funds that have been received carrying no restriction on their use and are put to purpose at the discretion of the trustees in furtherance of the objects of the Charity.
Restricted funds: are funds subject to specific trusts, which are declared by the donor(s) and are expendable by the trustees in furtherance of some particular aspect(s) of the objects of the charity. These funds are subject to restriction (as to their use) imposed by those from whom the funds are obtained. Resources received but not yet expended at the end of the financial year are retained as a reserve.
Endowment funds: where there is no power to convert the capital into income, is known as a permanent endowment fund and the capital is normally held indefinitely. Where trustees have the power to convert endowment funds into income, such funds are known as expendable Any funds held under this classification by the Charity are permanent.
| Trustee benefits (in total) Remuneration Reimbursed expenses |
2023 Nil Nil |
2022 Nil Nil |
|---|---|---|
The only private benefit flowing from our purpose in relation to the trustees is to those holding office within the Charity who receive benefits as a result of their holding office within the Charity. However, this is incidental and necessary in order to further the charitable purpose.
| Charitable Activities Kerala Andhra, Pradesh NIBS BIHAR Support Costs |
2023 6,325 1,057 7,382 |
2022 10,800 3,475 2,000 3,000 588 19,863 |
|---|---|---|
Page 3
UNITED GRACE MISSION UK Financial Statements for the year ended 31st December 2023
The following pages contain Additional information
Page 4
UNITED GRACE MISSION UK
Financial Statements for the year ended 31st December 2023
----- Start of picture text -----
RECEIPTS
Unrestricted Restricted Endowment Total Total
Funds Funds Funds 2023 2022
£ £ £ £ £
Voluntary Giving
General Donations 5,223 613 5,836 7,228
5,223 613 0 5,836 7,228
Gift Aid received 0 0 0
Donations & Bequests
0 0 0 0 0
0 0
Other Income 0 0 0 0 0
Investment Income
Bank Interest 425 425 84
425 0 0 425 84
Operating Receipts 5,648 613 0 6,261 7,312
----- End of picture text -----
Page 5
UNITED GRACE MISSION UK
Financial Statements for the year ended 31st December 2023
PAYMENTS
| Charitable Activities General Expenses MCC Computers Bank Fees & Charges Sundry expenses Post & Freight Charges Kerala:- Centre for differently abled Children Salaries Andhra, Pradesh:- Pastors' support Christmas Gifts Visa Applications Covid Relief Boys Haven-Repairs New India Bible Seminary Flood Damage repair Governance Cost Accountant Other payments Operating payments |
Unrestricted Restricted Endowment Total Funds Funds Funds 2023 £ £ £ £ 224 224 193 193 150 150 6,325 6,325 6,892 0 0 6,892 490 490 0 0 0 0 490 0 0 490 7,382 0 0 7,382 |
Total 2022 £ 128 360 75 25 10,800 1,950 1,025 500 3,000 2,000 |
|---|---|---|
| 19,863 | ||
| 0 0 |
||
| 0 | ||
| 19,863 |
Page 6