**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<br>Voluntary giving<br>Other Income<br>Investment Income<br>Payments<br>Cost of Fundraising<br>Charitable Activities<br>Governance Costs<br>Before transfers between funds<br>Transfers between Funds<br>**Net Operating Surplus/ (Deficit)**|**Unrestricted**<br>**Restricted Endowment**<br>**Total**<br>**Funds**<br>**Funds**<br>**Funds**<br>**2024**<br>£<br>£<br>£<br>£<br>9,924<br>75<br>0<br>9,999<br>0<br>495<br>0<br>0<br>495<br>10,419<br>75<br>0<br>10,494<br>0<br>0<br>0<br>0<br>14,023<br>592<br>0<br>14,615<br>500<br>0<br>0<br>500<br>14,523<br>592<br>0<br>15,115<br>(4,104)<br>(517)<br>0<br>(4,621)<br>0<br>0<br>0<br>0<br>**(4,104)**<br>**(517)**<br>**0**<br>**(4,621)**|**Total**<br>**2023**<br>£<br>5,836<br>0<br>425<br>6,261<br>0<br>6,892<br>490<br>7,382<br>(1,121)<br>**(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<br>Surplus/ (Deficit) for the year<br>Closing Funds at end of year<br>**Held as followings:**<br>Bank Current Account No. 1<br>Bank Reserve Account|Unrestricted<br>Restricted Endowment<br>**Total**<br>Funds<br>Funds<br>Funds<br>**2024**<br>£<br>£<br>£<br>£<br>35,072<br>1,455<br>36,527<br>(4,104)<br>(517)<br>(4,621)<br>30,968<br>938<br>0<br>31,906<br>(97)<br>938<br>841<br>31,065<br>0<br>31,065<br>30,968<br>938<br>0<br>31,906|Total<br>2023<br>£<br>37,648<br>(1,121)<br>36,527<br>957<br>35,570<br>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)**<br>Remuneration<br>Reimbursed expenses|**2024**<br>Nil<br>Nil|**2024**<br>Nil<br>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**<br>Direct Support<br>Support Costs|**2024**<br>14,615<br>500<br>15,115|**2024**<br>6,325<br>1,057<br>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** 


**----- Start of picture text -----**<br>
Unrestricted  Restricted Endowment Total  Total<br>Funds  Funds  Funds 2024 2024<br>   £  £  £ £  £<br>Voluntary Giving<br>General Donations 9,924 75 9,999  5,836<br>9,924 75 0 9,999  5,836<br>Other Income 0 0 0 0  0<br>Investment Income<br>Bank Interest 495 495  425<br>495 0 0 495  425<br>Operating Receipts 10,419  75  0  10,494  6,261<br>PAYMENTS<br>Unrestricted  Restricted Endowment Total  Total<br>Funds  Funds  Funds 2024 2023<br>   £  £  £ £  £<br>Charitable Activities<br>General Expenses<br>MCC Computers 84  224<br>Bank Fees & Charges 256  193<br>Sundry expenses 150<br>Direct Support<br>Andhra, Pradesh:-Pastors support 12,250  6,325<br>East Godivri - Flood relief 1,000<br>Vadlamuru - Educational support 1,000<br>Christmas Gifts 25<br>0  0  0  14,615  6,892<br>Governance Cost<br>Independent Examination of Accounts 500 500  490<br>Other payments 0 0 0 0  0<br>500 0 0 500  490<br>Operating payments 500 0 0 15,115  7,382<br>**----- End of picture text -----**<br>