Grace Foundation
IA Company Llmlted by Guarante81
IReglslered Number 50032761
Icharlty Number 11030211
Annual Report and Financial Statements
Year Ended
31 August 2025

Grace Foundation
IA Company Llmlted by Guarantee)
Annual rgport and flnanclal statemonts
forthe year ended 31 August 2025
Contents
Page:
Trustees, annual rewrt {incorporaling the director's report)
Independent auditor's report to the members
10
Statement of financial a¢livilies (including Ir¢come and exp8nditure a¢¢ounti
Statement of financial position
12
Statement of cash flows
13
Notes forming part of the financial statements
Trust￿9
A M Edmislon
G Spicer
K Allen
J Spicer
Socrètary
J P8arson
Corr8spondèn¢e addre88 and reglstsred offlce
The Gale, Intemational Drive, Solihull, B90 4WA
Roglstorod Charlty number
1103021
Reglstergd number
5003276
Audltors
Muras Baker Jones Limited, Re9enl House, Bath Avenue, Wolverhampton, W14EG
Bankers
Natwest Bank PLC, Sl Philips Pla¢e, Birmingham, B3 2PP

Grace Foundation
{A Company Limlted by Guarantee)
Trustees, annual report Ilncorporatlng the Dlrector's Report}
for the year ended 31 Augu8t 2025
Trustees, Report
The Trustees have pleasure in submilling their Report and Financial Statements for the yeai ended 31 August
2025. The Foundation is a company limited by guarantee. The liability of members in the event of the charity being
wound up is limited lo a sum not exceeding len pounds each. The company is governed by a Memorandum and
Articles of Association which were last amended on 3 April 2004. The MemTandum of Association sets out the
company's investment powers.
Referenco and admlnlstratlve detsll
Grace Foundation is a registered charity, number 1103021.
The charity trustees during the year ended 31 August 2025 and at the date of signing this report were..
A M Edmiston
G Spicer
K Allen
J Spicer
ObJOCtIv•8, Pollcles and Oryan18atlon
The Foundation was incorporated on 24 December 2003 with ils objèctives being the advancement, for the public
benefit, education in the United Kingdom by promoting the establishment, mainlenan¢e, carrying on, management
and development of schools with a Christian ethos and in accordance with Christian principles. The Trustees, who
are Directors of the Company, are sel out on the first page of these financial statements.
We have referred lo the guidance contained in the Charity Commission's general guidance on publi¢ benefit when
reviewing our aim and objectives and in planning our future aclivilie5. In particular, the Iruslees consider how
planned activities will contribute to the aims and objectives they have set.
Rolatlonshlps wlth Other Bodle8
During the year, The Foundation continued to contribute towards the work carried out by Tove Learning TrLJSt who
operate a chain of Academies based around the Midlands, Norlhamplonshire, and Milton Keynes. They provide
education for pupils of different abilities ba￿een the ages of 11 and 19. In the 2024-25 Academic year they also
worked with other Mulli-Academy Trusts such as Inviclus Education Tru51, Mercian Trust and Tudor Grange
Academies Trust lo expand the work of the Grace Foundation Ethos Tearns.
Developments. Actlvltle8 and Achlevements
Grace Foundation has experienced a year of sKJnificant growth and measurable impact, with over So staff serving
more than 15.000 students and their families across 14 partner schools in four Mulli-Aeademy Trusts. Our Ethos
Teams continue lo transform attendance, behaviour, and aspirations through holistic education that integrates
personal development, family support. and faith-based values.
This year saw the launch of new partnerships al Huxlow Academy and Tudor Grange Kingshurst, both already
demonstrating improvement in culture, behaviour. and wellbeing. A new Cluster Model has slrenglhened peer
collaboralion and accounlabilily, Whi￿ preparations are complete for a fifteenth partner school to open in 202>26.

Grace Foundation
IA Company Limited by Guarant001
Trustges, annual rgport (in¢orporating the Dire¢tor'$ Report)
for the year ended 31 August 2025 (¢ontlnued)
Developments, Actlvltleg and Achlevements leontlnuedl
ACTOSS the year, our teams delivered over 632,000 student engagements, 9.019 group interventions, and 4,014
one-to-one sessions-each designed to remove barriers lo learning and improve wellbeing. More than 39.000
parental engagements provided practical and emotional support, helping families overcome anxiety, attendance
issues, and the pressures of daily life. Our integrated model continues to show how targeted svpport can rebuild
confidence. restore motivation, and change life IrajeGlories for young people.
The personal stories behind these numbers reflect the depth of Iransformalion taking place. Students struggling
with low allendance have re-engaged with education through slruclured mentoring and relational support, while
others facing anxiety and self-harm have developed coping strategies and rediscovered hope. Parents have
reported stronger relationships with their children and a renewed sense of stability al home.
Our work has contributed to positive Ofsled outcomes across several schools, including Huxlow Academy,
Leasowes High School, and Q3 Tipton, all recognised for improvements in behaviour, wellbeing. and personal
development. National recognition from the Centre for Soci81 Justice and work with the Association for Character
Education fvrther affirms the effe¢liveness of our model in building inclusive, values-driven school ¢ommunllSes.
Programme highlights demonstrate the breadth of our work. Careers and Aspirations coaching helped 990/0 of
targeted students feel confident about their next steps, while group programmes such a5 LIFT, Miss Understood,
and The Boys Project boosted emotional resilience. empathy, and self-esteem. showing a significant increase in
wellbeing. One-to-one mentoring provided safe spaces for vulnerable students lo talk, sel goals, and regain a sense
ol purpose, often leading lo clear improvements in attendance and engagement. The Easter Enigma Campaign
generated over 32,000 sludenl engagements, encouraging reflection on foTgiveness, purpose, and identity through
the message of hope.
Continuous plofessional development and a strengthened Quality Assurance Framework have ensured
consistently high standards as the Foundab'on grows. With strong partnerships and an expanding reach, Grace
Foundation remains committed lo transformin9 school culture, supporting families in need, and helping every young
person flourish in life and leaming,
Reserves Pollcy
The general funds provide the Foundation with the financial headroom needèd lo sustain operations and support
future activity across partner schools. The Trustees monitor reserves throughout the year and ensure they are
maintained al a level that enables the Foundation to respond lo operational demand5 and emerging risks.
Unreslricled reserves were £211,324 as at 31 August 202512024 - £308,149). Since the financial year end the
Foundation has sel up a separate reserves account that holds unrestricted reserves of £240,000, ils use of which
is restricted by condilions $el out in the Reserves Policy. This is lo ensure lon9 term stability and lo safeguard
future objectives.
Flnanclal Revlew
The Foundation received income of £1,733,834 12024 - £1,672,017) during the year, of which £36,918 were
restricted funds12024 - £nill. Total outgoing resources were £1,814,00012024- £1,546,929> for the year, of which
£20,259 was categorised as reslricled expenditure. The Foundakn'on is dependent upon donations lo safeguard ils
long term future and will primarily be fLJnded by donations from l.m. Group Limited. The trustees have agreed
budgeted charitable activity for the period of at least twelve months from the Balance Sheet date and have received
assuiances from the Directors of l.m. Group Limited that they will continue to make contributions in line with this
budget.

Grace Foundation
IA Company Llrnlted by Guarantee)
Trustees, annual report lincorporatlng the Dlrector's Reporti
ft)rthe year ended 31 Augugt 2025 (contlnued)
Going Concern and rlsk review
Grace Foundation aims lo continue and expand its current activity and will primarily be funded by donat￿n8 from l.m.
Group Limited. The trustees have agreed budgeted charitable activity for the period of al least ￿e1ve months trom
the Balance Sheet date and have received assurances from the Directors of l.m. Group Limited that they will continue
to make contributions in line with this budget.
The charity has fvrther sought assurances from the Directors of l.m. Group Limited of the financial strength and
liquidity of l.m. Group Limited.
In addrtion lo the above further sponsorship from Grace Charitable Trust enables u$ to securely expand into future
partner schools.
The trustees have assessed the key rtsks facing the charity over the next 12 months. These include continued cost
pressures within the education sector, rising salary expectations, and wider economic uncertainty. Operational risks
relating to school access. staffing levels, and delivery capacity have also been considered. Through close financial
management and careful oversight of delivery, the Iruslees consider the Gharity to have suffioient headroom to adapt
ils model and operate effecttvely within ils available resources.
Grace Foundation has tsken assurances from the directors of l.m. Group Limited that the group will ccnlinue lo make
chantable donations lo satisfy the ongoing working capital requirements of the charity for a period of at least ￿e5ve
months from the approval dale ol these financial statements in order to allow Grace Foundation continue ID satisfy its
operational objectives and honour financial obligations as they fall due.
Trustee Inductlon and tralnlng
A list of trustees is shown on the front sheet lo the accounts.
The Appoinler to the charity is Andrew Edmlslon. The Appointer has the ullimale power lo appoint and remove
trustees. The key management personnel are Gary Spicer and Dave Boden.
The training and induction provided for Trustees will depend on their existing experience. Where necessary
induction will provide training on charity and educational legal and financial matters, induction lends lo be done
informally and is tailored specifically lo the individual.
Trustees, re8pon81billtles
The trustees, who are also directors for the purposes of company law, are responsible for preparing the Iruslees,
report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards
Ivniled Kingdom Generally A¢¢epted Accounting Pracb'cel.
Company law requires the charity trustees to prepare financial statements for each year which give a true and fair
view of the stale of affairs of the charitable company and the incoming resources and application of resources,
including the income and expenditure, for that period.

Grace Foundation
(A Company Llmited by Guaranleo)
Tru8tee8' annual report Ilncorporatlng the Dlrector's RgPOrtI
for the year ended 31 August 2025 (contlnued)
Trugtèos, responsibilities Icontinuedl
In preparing these financial statements, the trustees are required to.,
Select suitable accounting policies and then apply them ¢onsislenlly',
observe Ihe methods and principles in the applicable Chanlies SORP.,
make judgments and accountin9 8Stimates that are reasonable and prudent.,
slate whether applicable UK Accounts'ng Standards have been followed. subject to any material
departures disclosed and explalned in the finan¢lal stslements,.
prepare the financial slalemenls on the going concern basls unless it is Inappropriate to presume that the
charity will continue in business.
The trustees are responsible for keeping adequate accounting records that are suffi'cient to show and explain the
charity's transactions and disclose with reasonable ac¢ura¢y al any time the financial position of the charity and
enable them lo enslsre that the financial ststemenls ¢omply with the Companies Act 2006. They are also
responsible for safeguarding the assets of the charity and hence for tsking reasonable steps for the prevention and
detection ot fraud and other irregularities.
Audltor
Eaoh of the persons who is a trustee al the date of approval of this report confirms that..
so far as they are aware. there is no relevant audit information of which the charity's auditor is unaware.,
and
they have tak&n all steps that they ought to have taken as a trustee to make themselves aware of any
relevant audil information and lo establish that the charlty's auditor is aware of that information.
The trustees, annual report and the slraleglc report were approved on 14 May 2026 and signed on b8half of the
board of Iruslees by..
A M Edmiston
Trustog
Date 14 May 2026

Grace Foundation
IA Company Llmlted by Guarantee)
Independent Audltor's Report to the Member8 of Grace Foundatlon
Year ended 31 August 2025
Oplnlon
We have audited Ihe financial statements of Grace Foundation Ilhe 'charity'l for the year ended 31 August 202S
which Comprise the slalement of finan¢ial a¢tivities lin¢luding income and expenditure accountl, sta18menl of
financial position and the related notes, including a summary of significant accounting policies. The financial
reporting framework that has been applied in their preparation is applicable law and United Kingdom AGGounling
standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland
(United Kingdom Generally A¢￿pIed Accounting Praclicel.
In our opinion the financial stalemenls-.
give a true and fair view of the stale of the charity's affairs as at 31 August 2025 and of ils incoming
resources and application of resources, including ils income and expenditure, for the yèar then ènded.,
have be8n properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice.,
have been prepared in 8c¢ordance with the requir8ments of the Companies Act 2006.
Ba818 for oplnlon
We conducted our audit in ac¢ordan¢e with International Standards on Auditing IUKI IISAS IUKII and applicable
law. Our responsibilities under those standards are further described in the auditor's responsibilities for the audit of
the financial statements section of our report. We are independent of the Gharity in accordanee with the ethical
requirements that are relevant to our audit of the financial slalemenls in the UK, including the FRC'S Ethical
Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe
that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclu8lon8 relatlng to golng concern
In auditing the financial statements. we have concluded that the trustees, use of the going concern basls of
accountin9 in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material un¢ertainlies relating lo events or
conditions that, individually or collectively, may cast significant doubl on the charity'5 ability lo continue as a going
concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilrties of the trustees with respect to golng concern are described in the
relevant sections of this report.
other InformatSon
The other information comprises the information included in the annual report, other than the financial statements
and our auditor's report thereon. The trustees are responsible for the other information. Our opinion on the financial
statements does not cover the other information and, except to the extent otherwise explicitly slated in our report,
we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial ststements, our responsibility is lo read the other information and, in
doing so, consider whether the other information is materially inconsistent with the financial statements or our
knowledge obtained in the audit or otherwise appears lo be materially misstated If we identify such material
inconsistencies or apparent material misslatemenls, we are required lo determine whether there is a material
misslstemenl in the financial statements or a material misstatement of the other information. If, based on the work
we have performed, we conclLJde that there is a material misstatement of this other information, we are required to
report that fact.
We have nothing to report in thig regard.

Grace Foundation
IA Company Limited by Guaranteol
Independent Audltor's Report to the Members of Grace Foundation (¢ontlnuod)
Year ended 31 August 2026
Oplnions on other matter8 prescribed by th8 Companlgs Act 2006
In our opinion, based on the work undertaken in the course of the audil.-
the information gwen in the Iruslees, report for the financial year for whlch the financAI statements are
prepared is consistent with the financial slalements., and
th8 trustees, report has been prepared in accordance with applicable legal requirements.
Matt•r8 on whl¢h we are requlred to report by oxc•ptlon
In the light of the knowledge and understanding of the charity and its envlronmenl oblalned in the course of the
audit, we have not identified material misslalements in the Iruslees, report.
We have nothlng lo report in respect of the following matters in relation to which the Companies Act 2006 requires
us lo report lo you if, in our opinion..
adequate accounting records have not been kept, or returns adequate for our audit have not been received
from branches not visited by us., or
the financial statements are not in agreement with the accounting records and returns,. or
certain disclosures of trustees, remuneration specified by law are not made., or
we have not received all the information and 8xplanations we require for our audit.
Ro8pon8lbSlltl88 of truste•s
As explained more fully in the trustees. résponsibilities slalement, tha trustees (who are also the directors for the
purposes of Gompany lawl are fesponslble for the preparation of the financial statements and lor being satisfied
that they give a true and fair view, and for such internal control as th6 truste6s determine is necessary to enab
the preparation of financial slalemenls that are free from malarial misstatement, whether due lo fraud or error.
In prèparing the financial stalemenls, the trustees are responsibl8 for assessing the charlty's ability to conlinLse as
a going concern, disclosing, as applIcab￿, mallers related lo going concern and using the going concern basis of
accounting unless the Iruslees either intend to liqu"Klale the Charity or lo Cease operations, or have no realkstic
allernalive bul lo do so.
Audltorf$ ro$ponsibilities for the audit of th• finan¢ial Statsments
Our objectives are lo obtain reasonable assurance about whether the financial $18temenls as a whole are free from
material misslalemenl, whether due to fraud or error, and lo issue an auditor's report that includes our Opin￿n.
Reasonable assurance is a high level of assurance, bul is not a guarantee that an audlt conducted in accordance
with ISAS IUKI will always detect a material misslalemenl when rt exists. Misslalements can arise from fraud or
error and are corbsidered material if, individually or in the aggregate, they could reasonably be expected to influence
the economic decisions of users taken on the basis of these financial Statements.
Irregularities, including fraud. are instsnces of non-compliance with laws and regulatDns. We design procedures
in line with our responsibilities, outlined above, lo delecl material misslatemenls in respect of irregularities, including
fraud. The extent lo which our procedures are capable of detecting irregularities, including fraud is detalled bebw..

Grace Foundation
IA Company Llmlted by Guarantee)
Independent Audltor'8 Report to the Members of Grace Foundatlon (contlnued)
Year ended 31 August 2025
In planning and designing our audit tests we identify and assess the risks of material misstalemenl within the
financial statements, whether due lo fraud or error. Our assessment of these risks includes consideration of the
nature of the industry and sector, the control environment and the business performance along with the results of
our enquiries of management about their own idenlificalion and assessment of risks and irregularities. In common
with all audits under ISAS IUKI, we are also required lo perform specific procedures lo respond lo the risk of
rnanagemfjnl override. We also obtained an understanding of the legal and regulatory frameworks that the
company operates in, focusing on provisions of those laws and regulations that had a direct effect on the
determination of material amounts and disclosures in the financial slatemenls. The key laws and regulations we
considered in this context included the UK Companies Act, UK tax legislation and other laws and regulations
identified as risk areas identified from our discussions with management.
We communicated relevant identified laws and regulations and potential fraud risks to all engagement team
members in¢ludin9 internal specialists, and remained alert lo any indications of fraud or non-compliance with laws
and regulations throughout the audit.
Aftèr consideration of the above risks we then cariied out audit procedures including the following..
p6rforming analytical procedufes lo identify any unusual or unexpected relationships that may indicate risks of
material misslatemenl due to fraud.,
reading minul6s of management meetings,.
enqulring of management and reviewing any correspondencè with legal advisors concerning actual and potenllal
litigation and claims.,
reviewing the financial slalemenl disclosures and testing lo supporting documentation to assess compllance with
provisions of relevant laws and regulations described as having a direct effect on the financial statements,.
in addressing the rlsk of fraud through management override of controls, testing the appropriateness of journal
entries and other adjustments,. assessing whether the judgements made in making accounting estimates are
indicative of a potential bias., and evaluating the business rationale of any significant transactions that are unusual
or outside the normal course of business.
There are inherent limitation5 in our audrt procedures describèd above. The more removed that the laws and
regulations are from financial transactions the less likely it is that we would be aware on
non-¢ompllance. Auditing standards also limit the audit procedures required lo identify non-compllance with laws
and regulations to enquiry of the dlreclors and other management and the inspection of regulatory and legal
correspondence, if any. Material misslalements that arise due lo fraud can be harder to delecl than those that
arise from error as they may involve deliberate concealment or collusion.
A ftjrther description of our responsibilities for the audit of the financial slalemenls is located on the Financial
Reporting Council's website al www.frc.org.uklauditorsresponsibililies. This description forms part of our aLsdilor's
report.

Grace Foundation
IA Company LSmlted by Guaranteo)
Independent Audltor'8 Report to tha Members of Gracg Foundatlon (¢ontlnued)
Year ended 31 Augllst 2026
Use of our report
This report is made solely lo the oharily's members. as a body, in accordance with Chapter 3 of Part 16 of the
Companies Act 2006. Our audit work has been undertaken so that we mlght slate lo the charity's members those
matters we are required to slate lo them in an auditor's report and for no other purpose. To the fullest exlenl
permitted by law, we do not accept or assume responsibility lo anyone other than the charity and the charity's
membeis as a body, for our audit work, for this report, or for the opinions we have formed.
Nicky Gibbons BSC (Honsl FCA (Senior Statutory Auditor)
For and on behalf of
Muras Baker Jones Limrted
Chartered accountants & stalulory auditor
Regent House
Bath Avenue
Wolverhampton
Wesl Midlands
WV14EG
Date. :Trl(.,,

Grace Foundation
IA Company Llmlted by Guarantee)
statement of flnanGlal actlvltles Ilncludlng Sncome and expendlture accounti
forthe year ended 31 August 2025
Note
2025
Unrestricted
Funds
2025
R•strl¢ted
Funds
2025
Total
2024
Totsl
Income from:
Donations
Grants received
1.696.916
3,584
33,334
1,700,500
33,334
1,672,017
Total In¢omo
1,696,916
36,918
1,733,834
1,672.017
Expendlture on:
Charitable expenditure
1,793,741
20,259
1,814.000
1,546,929
Net Income
(96,8281
16,669
180,166)
125,088
Fund balance brought forward at
1 S&plember
12
308,149
308,149
183.061
Fund balance8 cairlod foréiard
at 31 August
12
211,324
16,659
227,983
308,149
All disclosures relate tsnly to continuing operations.
There are no recognised gains or losses other than those disc105ed above.
The notes on page$ 13 to 21 form part of these financial statements.
io

Grace Foundation
IA Company Llmlted by Guarantee)
Statement of flnanclal posltlon
a8 at 31 August 2025
Company number 5003276
Note
2025
2025
2024
2024
Non-eurrent assets
Tangible fixed assets
2,967
2,830
Current assets
Debtors
Cash at bank and in hand
75.281
289,299
26.305
343.137
Credkors: amounts falllng due
wlthln ono year
10
{139,5641
164,1231
Net current a88ets
225,016
305,319
Total as8ets le88 current
liabilities
227,983
308,149
Thè funds of the charlty:
Unreslricled funds
Restricted fund8
12
12
211,324
16,659
308,149
Total funds
227,983
308,149
These financial statements were approved by the Board of Trustees and authorised for issue on 14 May 2026, and
are signed on behalf of the Board by..
A M Edmislon
Trustee
Date 14 May 2026
The notes on pages 13 to 21 form part of these financial statements.

Grace Foundation
IA Company Llmlted by Guarantee)
Statement ol cash flows
as at 31 August 2025
Noto
2025
2024
Cash flows from operatlng actlvitle8
Cash provided by operating activities
1S
152.6961
119,132
Cash Ilows from Inve8tlng actlvltle8
Purchase of equlpment
11,142
11,0581
(Decreasellincrease in cash and cash equlvalenls in the year
{53,838)
118,074
Cash and cash èqulvalenls al the beginning of the year
343,137
225, 063
Total cash and ca8h equlval8nt8 at thg ond of the year
289,299
343,137
Analy818 of cash and ca8h equlvalents
Cash al bank and In hand
289,299
343,137
12

Grace Foundation
(A Cornpany Llmlted by Guarantee)
Notes lo the account8
forthe ye3r ended 31 Augu8t 2025
Accounting pollcles
Basis of preparatlon
The financial ststemenls have been prepared in accoTdance with appli¢able law and United Kingdom
Accounting Standards (United Kingdom Generally Accepted Aceounling Practice) and comply with the
Statement of Recommended Practice ISORPI Accounting and Reporting by Charities FRS 102 effective from
January 2019. The financial slalemenls are prepared under the historic cost convention.
The financial ststements are prepared in pound sterling (£1 and the ligures are rounded to the nearest £.
Judgements In applylng accountlng pollcios and key sources of e¥tlmatlon uncertalnty
In preparing the Financial Slalements, management is required lo make eslimales and assumptions which
affect reported income, expenses, assets, liabilities and disclosure of contingent assets and liabilities. Use of
available information and application of judgement are inherent in the formation of eslimales. together with
expectations of future events that are believed lo be reasonable under the ¢ir¢umstances. Actual Tesulls in the
future could dilfer from such eslimales.
There are not considered to be any key areas ofjudgement these financial ststemenls.
Going conc8rn
Grace Foundation aims lo continue and expand ils current activity and will primarily be funded by donations
from l.m. Group Limited. The Iruslees have agreed budgètèd charitable activity for the period of al least twelve
months from the Balance Sheet dale and have rec8ived assurances from the Directors of l.m. Group Limited
that they will continue lo make contributions in line with this budget,
The charity has further sought assurances from the Directors of l.m. Group Llmiled ofthe financial 51Tenglh and
INuidity cf l.m. Group Limited.
The trustee5 have considered all reasonable risks associated with the operation of its business model for a period
of al least 12 months from the dale of signing the accounts. Risks include increasing pressures on salaries and
the 'cost of living, crisis in the UK. The Iruslees consider that their close management style and controlled
expenditure will give the company sufficient headroom lo adapt the business model sufficiently to continue in
operational existence and operate within its cash headroom.
Grace Foundation has taken assurances from the directors of l.m. Group Llmiled that the group will continue
to make charitable donations to satisfy the ongoing working capital requirements of the charity for a period of
at least twelve months from the approval dale of these financial statements in order to allow Grace Foundation
lo continue to satisfy its operats'onal objectives and honour financial obligations as they fall due.
The Trustees confirm that al the lime of approving the financial statements, there are no material uncertainties
regarding the foundations ability lo continue operational existence for the foreseeable future. Accordingly, the
Iruslees consider it appropriate to prepare these financial statements on a going concern basis.
Fund accounting
Unrestricted fund5 are available for use at the discretion of the trustees in fvjrtherance of the general objectives
of the charity and are retained for working capital purposes.
Restricted funds are to be used in accordance with restrictions sel out by the donor. The cost of administering
such fvjnds is lo be charged against the specific fund. The purpose and use of each reslrieled fund is sel out
in the notes to the financial statements (note 15).
13

Grace Foundation
IA Company Llmlted by Guarantee)
Notes to the a¢counts
for the year ended 31 August 2025 (contlnued)
Accounting policies
8a8ls of preparation (continued}
Incom8
Donations and other income are recognised within the statement of financial a¢dvities when receNable.
Expenditure
Expenditure has been charged lo Ihe statement of financial activities on an accruals basis.
Gov8rnn7enl grants
Government grants are r￿Qgnised when il is reasonable lo èxpect that the grants will be received and
that all related conditions wlll be mel usualty on submission of a valid claim for payment.
Direct charitable expenditure relates to the donations made in the period. Donations payable are payments made
to third parties in the furtherance of the charitable objectives of the Trust.
Governance costs include those costs associated wrth meeting the conslitulional and statutory requirements of
the charity and include the audit fees and costs linked lo the management of the Charty.
Operating leases
Rentals applicable lo operating leases are charged to the Slalem8nl of Financial Activity over the period in
which the cost is incurred.
Financial instmments
The charity only has financial assets and financial liabilitie5 of a kind that qualify as basic financial Inslrumenls.
Basic financial instruments are initially recognised al transaction value and subsequently measured al their
settlement value with the exception of bank loans which are subsequently measured at amortised cost using
the effective interest method.
Pension costs
Contributions lo the ¢ompany's defined conlribulion pension schème are ¢harged to the profil and loss
account in the period in which they become payable.
T8X8tion
The company is a ¢harity within the meaning of Para 1 Schedule 6 Finance Act 2010. Accordingly the
Company is potentially exempl from laxalion in respect of income or capital gains within categories covered
by Chapter 3 of Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains
Act 1992, to the exlenl that such income or gains are applied exclusively to charitable purposes. No lax
ch8rge arose in the period.
14

Grace Foundation
IA Company Llmlted by Guarantee)
Notes to the accounts
for the year ended 31 August 2025 (continued)
Accounting policies
Basis of preparation (continued}
Tangiblé fixad assets
Tangible fixed assets under the cost mdel are staled al historical cost less accumulated depTecialion and
any accumulated impairment losses. Historical cost includes expenditure that is directly attributable lo bringing
the assets lo the location and condition necessary ft)r it to be capable of operating in the manner intended by
management.
The company adds to the carrying amount of an item of fixed assets the cost of Teplacing part of such an item
when that cost is incurred, if the replacement part is expected to provide incremental future benefits lo the
company. The carrying amount of the replaced part is dereeognised. Repairs and maintenance are charged
lo the statement of financial activities during the period in which they are incurred.
Depreciation is provided on the following basis..
Computer equipment
Fumiture
250/0 Straight line
200/0 Straight line
The assets, residual values. useful lives and depreciation methods are reviewed, and adjusted prospectively
if appropriat&, or if there 15 an indication of a signifi¢ant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the Garrying amunt and are
recognised within administrative expense5 in the Stslement of financial activities
Donatlons
2025
2024
Donation5
1,700,500
1,672,017
1,700,500
1,672,017
Of the above donations, £1,696,91612024-£1,672,017} related to unreslricled fvnds and £3,58412024.£nll}
related lo restricted funds.
Grants recelved
2025
2024
Grants
33,334
33,334
Of the above grants recewed, £33,334 (2024-£nill related to restricted funds.
15

Grace Foundation
IA Company Limited by Guaranteel
Notes to the acGounts
forthe yearended 31 August 2025 (contlnuedj
Direct eharitable oxpenditure
2025
2024
Ethos Teams Programme costs
Personnel costs
Governance costs (note 41
Bank charge5
Depreciation
Tove Learning Trust
242.909
1,444.604
125,454
28
1,005
214,341
1,179,784
116,760
16
811
35,217
1,814,000
1.546.929
Of the above dire¢l charllable expenditure, £1.793.741 relates to unTestri¢ted funds1202441,546,9291, and
£20,25912024-£nill relates to restricted funds.
Ethos Fund expenses includes travel, meeting, phone costs and Education support costs,
Governance ¢ost8
2025
2024
Legal and professional fee$
Auditors remuneration
118,254
7,200
106,230
10,530
125,454
116,760
Net Income
2025
2024
Net Income Ss stated after charglng,.
Depre¢ialion
Auditors remuneration
1,005
7,200
811
10,530
Staff cost8
2025
2024
Salarles
National insurance
Pension costs
1,159,077
109.210
112,511
962,504
77,978
89.396
1,380,798
1,129,878
16

Grace Foundation
IA Company Llmlted by Guarante01
Notes to the accounts
for the year ended 31 August 2025 (contlnued)
Staff costs {continugd)
Average number of persons employed by the charty during the year
lexcluding Trustees) analy$ed by function..
Number
2025
Number
2024
Management and administration of the char'ty
Ethos and support workers
39
30
47
38
There are emp1oyee$ in¢luded above whose earnlng5 Ilncluding tsxable benefits in kindl exceeded
£60,000. 12024 - onel
No trustees re¢elved any emoluments or were reimbursed any expenses during the year.
The key management personnel comprise the tru5tee5 whose employee benefits total £Nil12024 - £NS11.
8 Flxed 088frts
Computar
Equlpment
Furnlturg
Total
Cost
Al 1 September 2024
Additions
Disposals
7,112
1,537
1,142
8,649
1,142
At 31 August 2025
7,112
2,679
9,791
Depreclatlon
Al 1 Seplember 2024
Provided for during the year
5.512
526
307
479
5,819
1,005
At 31 Augusl 2025
6,038
6.824
Not book value
At 31 August 2025
1,074
1,893
2,967
At 31 August 2024
1,600
1,230
2,830
17

Grace Foundation
IA Company Llmlted by Guarantee)
Notes to the accounts
for the year ended 31 August 2025 (contlnued)
Debtors
2025
2024
Prèpayments and aecrued income
Other debtors
68.790
6,491
7,803
18,502
75,281
26,305
10 Credltor8: amounts falllng due wlthin ono year
2025
2024
Trade creditors
Accruals and deferred income
Taxation and social security
21,713
91,167
26,684
7.982
34,968
21,193
139,564
64,123
11 Flnanclal In8trument8
2025
2024
Flnanclal a88et8
Cash and cash equivalents
289,299
343,137
289,299
343,137
Flnanclal Ilabllltles
Financial liabilities measured al amortised costs
139,564
64,123
Flnancial assets measured al amortised cost Comprise other debtors and prepayments. Financial assets also
In¢lude cash and cash equivalents.
Flnancial liabllilies measured al amorlised cost comprise other creditors and accruals.
18

Grace Foundation
(A Company Limlted by Guarantee)
Notes to the account8
for the year ended 31 Augu8t 2025 (contlnued)
12 Movemènt in funds
At
1 Septemb81
2024
At
31 August
2025
Incoming
resourcés
Outgolng
regources
Unreslrlcted funds
Reslrieled funds
308,149
1,696,916
36,918
(1.793,741}
120,2591
211,324
16.659
Movomfynt In lund8 Iprloi y•avl
At
188ptember
2023
At
31 August
2024
Incomlng
re8ourc¢s
Outgolng
re8ources
Unre$lri¢led fvnds
183,061
1,672.017
11,546,9291
308,149
13 Re8trl¢ted fund8
At
1 Septembgr
2024
At
31 August
2025
Fund
Income
Expandlturo
Christmas food hampers {Grace
A¢ademy Solihulll
Flourish (Rushden Academy)
Friendship benches (Ellowes Hall
Sports College)
Solihull Young Carers (Gra
Academy Solihulll
Family fun day IEllowe$ Hall Sports
College)
The Daylight Centre IHuxlow
Academy)
The Rigby Foundation (Tudor Grange
Academy Kingshursll
270
270
2.000
200
918
1.082
zoo
200
130
70
414
414
500
500
33,334
18,527
14,807
36,918
20,259
16,659
Chrlstmas food hampers (Grace Academy Solihulll - money was donated from a couple of local businesses
to contribute lo food parcels sent out at Christmas tsme to families in need.
Flourish (Rushden A¢ademyl- Flourish are an organisalion that help and 5UPPOrt those who work in the care
sector, childrens services and education. The grant was for resources and events for the schools work with
Flourish, including fumishing the family support room.
Friendship benches (Ellowes Hall Sports College) The Blakemore Foundation donated funds to contribute
towards friendship benches for the schools outside area.
19

Grace Foundation
IA Company Llmlted by Guaranteo)
Notes to the accounts
for the year ended 31 August 2025 (continued)
13 Restricted funds Icontinugdl
Solihull Young Carers IGrace Academy Solihulll - Money was donated to cenlribule to a young carers event
being held at Grace Academy Solihull.
Family fun day (Ellowes Hall Sports Collegel- The Blakemore Foundation donated funds to contribute towards
resources for the family fun day being held during the summer holiday at Ellowes Hall Sport College.
The Daylight Centre IHuxlow Aeademyl - Funds were donated by The Daylight Centre and Foodbank as a
contribution towards resources needed for the Toast Club that the Ethos team al Huxlow Academy run every
morning, as well as items for family food parcels that are sent to in need families of children who attend the
school.
The Rigby Foundation- The Rigby Foundation wholly funds the Ethos team based at Tudor Grange Academy.
King$hurst. This includes staff ¢o$ts. resources and materials needed by the Ethos team and any events,
assemblies, workshops and clubs that the Ethos team facililale.
14
Pen8lon8
The company op6rate$ a defined contribution pension scheme. The assets of the scheme are held separately
from those of the Company in an independently administered fund. The pension charge amounted lo £112,511
12024 - £89,398>. There were outstsnding contributions of £Nil12024 - £Nill al the end of the financial year.
15 Roconclllatlon of In¢omelloxpendlturel In funds to net cash flow from
operatlng actlvltlo$
2025
2024
Net income for the year
Add back depiecialion charge
Ilncreasel in debtors
Increase in creditors
180,1681
1.005
{48,9761
75.441
125,088
811
115.8401
9,073
Nel cash provided by operating a¢tsvitie$
152,6961
119,132
16 Related party tran$a¢tlons
Dunng the year donations of £1,404,000 12024 £1,356,000> were received from l.M.Group Limited, a
company in which Andrew Edmislon is Managing Director.
Payments were made lo l.m. Group during the year of £60,07612024 - £49,829> for use of a company credit
Card, BUPA contributions for Grace Foundation stsff, staff life insuranc&, and employers liability insurance.
The amount due lo l.m. Group al the balance sheet date was £9,70512024 - £3.3391.
Payments were made during the year to l. M. Facilities Limited, a company in which Andrew Edmislon is also
a Directoi, of £25,107 {2024 - £27,683), in respect of office space rental and canteen reGharges. The amount
due lo l.m. Faalities Limited at the balance Sheet date was £7312024 - £501 }.
Radical Outreach Limited is a company owned and controlled by a family member of Josh Spicer and Georgia
Spicer. During the year Radical Outreach Limited provided consultancy service5 to Grace Foundation and
invoiced £31.941 12024 £33,2591 in respect of those services. £2,697 remained outstanding at 31 August
202512024- £Nill.
20

Grace Foundation
{A Company Llmlted by Guarantee)
Notes to the accounts
for the year ended 31 Augu8t 2025 (contlnued)
17 Analysls ol net assets between funds - 2025
Unrestricted
funds
Restrlcted
funds
Total
Tangible fixed assets
Current assets
Current liabilities
2,967
277,512
169,1551
2,987
364,580
1139,5641
87,068
{70,4091
211,324
16.659
227,983
Analy818 of net a88ets between fund8 - 2024
Unrestricted
funds
Restricted
funds
Total
Tangible fixed assets
Current assets
Current liabilities
2,830
369,442
164,1231
2,830
369,442
164, 1231
308,149
308,149
21