## **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 - examine the financial statements under section 65 of the Charities Act (Northern Ireland) 2008. - 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. - 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; - 1) which gives us reasonable cause to believe that in any material respect the requirements: - to kept accounting records in accordance with section 63 of the Charities Act . - 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