UNITED GRACE MISSION UK
Financial Statements for the year ended 31st December 2024
Receipts and Payments Account for the year ended 31st December 2024
| Receipts Voluntary giving Other Income 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 2024 £ £ £ £ 9,924 75 0 9,999 0 495 0 0 495 10,419 75 0 10,494 0 0 0 0 14,023 592 0 14,615 500 0 0 500 14,523 592 0 15,115 (4,104) (517) 0 (4,621) 0 0 0 0 (4,104) (517) 0 (4,621) |
Total 2023 £ 5,836 0 425 6,261 0 6,892 490 7,382 (1,121) (1,121) |
|---|---|---|
The reconciliation of the receipts and payments shown above to the total funds of the Charity is disclosed on the following page
UNITED GRACE MISSION UK
Financial Statements for the year ended 31st December 2024 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 2024 £ £ £ £ 35,072 1,455 36,527 (4,104) (517) (4,621) 30,968 938 0 31,906 (97) 938 841 31,065 0 31,065 30,968 938 0 31,906 |
Total 2023 £ 37,648 (1,121) 36,527 957 35,570 36,527 |
|---|---|---|
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 6th October 2025 and signed on their behalf by:-
Lawrence Kennedy Sydney Johnston
Trustee
Trustee
UNITED GRACE MISSION UK
Financial Statements for the year ended 31st December 2024 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 |
2024 Nil Nil |
2024 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 Direct Support Support Costs |
2024 14,615 500 15,115 |
2024 6,325 1,057 7,382 |
|---|---|---|
UNITED GRACE MISSION UK Financial Statements for the year ended 31st December 2024
The following pages contain Additional information
UNITED GRACE MISSION UK
Financial Statements for the year ended 31st December 2024
RECEIPTS
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Unrestricted Restricted Endowment Total Total
Funds Funds Funds 2024 2024
£ £ £ £ £
Voluntary Giving
General Donations 9,924 75 9,999 5,836
9,924 75 0 9,999 5,836
Other Income 0 0 0 0 0
Investment Income
Bank Interest 495 495 425
495 0 0 495 425
Operating Receipts 10,419 75 0 10,494 6,261
PAYMENTS
Unrestricted Restricted Endowment Total Total
Funds Funds Funds 2024 2023
£ £ £ £ £
Charitable Activities
General Expenses
MCC Computers 84 224
Bank Fees & Charges 256 193
Sundry expenses 150
Direct Support
Andhra, Pradesh:-Pastors support 12,250 6,325
East Godivri - Flood relief 1,000
Vadlamuru - Educational support 1,000
Christmas Gifts 25
0 0 0 14,615 6,892
Governance Cost
Independent Examination of Accounts 500 500 490
Other payments 0 0 0 0 0
500 0 0 500 490
Operating payments 500 0 0 15,115 7,382
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