Comp•ny rtglstrntlon number 07163237 IEnqland and Wales)
Charfty reglstr•tion number 1134634 {England and Wale•l
GRACE CHRISTIAN TRUST
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2026
Caladine
Charlered CerliFied Accounlant5

GRACE CHRISTIAN TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
MrA Mayo
Mr l Mayo
MTS J Mayo
Country of Incorporntlon
United lfjngdom
Fngland and Wale8
C¢xnp•ny numhr
07163237
Ch•rfty numb•r (England and W•l••l
1134834
R•gl•t•r•d offlce
Offord Manor
Shorahlll Lane
Otlord
Kent
TN15 8XF
Ind•p•nd•nt •x•mln•r
John C8ladlne FCCA CTA FCIE
Coladlne Llmlt•d
Chantry House
22 Upperton Road
Ea3lboume
East Sussex
BN21 IBF
Metro Bank
One Southampton Ri
London
1B5HA

GRACE CHRISTIAN TRUST
CONTENTS
Pag•
Trustees, rnport
Independent •xamlnerf8 report
sl8lem•nt of flnandal *cUv6fj81
Statement of Ilnandal po8hlon
statement of ¢Jsh flo
Notes to Iha flnandal stsl•m•nts
8-18

GRACE CHRISTIAN TRUST
TRUSTEES. REPORT IINCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 28 FEBRUARY2026
The tru8tee$ are glso directOf8 of the chaflty for th• purpos88 of the Companles Acl 2006, present their report
7Mth the finandal statements oflhe chanty for the perlod ended 28th February 2026.
Th• Irustee5 have adopted the provisions Of Accounting and Reporting by Charftle$'. Slalement ot Recommended
Practice applicable to c*8rile8 preparfng their account8 in accord8n¢e wllh the Flnandal Reportlng St•nd8rd
appllcable in the UK and Republk of Ireland {FRS 1021 (effective 1 January 20191.
ObJoctlve8 and a¢tlvldg•
The objectlves of the charty are lo 8thnct th• Chrl8lan faith and a160 to relieve ¥lckn¢$s, hardship and promote
and preserve good health.
The tru8tee8 report that th¥ actiV￿e8 of the Grace Ch￿Stian Tnjst durlng the year have been dlrecled lowgrd8
fiJrthering118 charllable obje¢tive8 lor the public benefit. In SO￿n0 prfOr￿e5 and maklng dec)slon8, the tru$lge$ have
had due regard to the Charlty ComrniB8ion's guld•n¢& on public benefrt.
The work of the Trust durfng the year ¢an b• grouped Into three princlpol ar•••'.
th? p￿s1on of houslng lor Ih08e In need
support of local thurth work
gT8nl$ to organi$atlons cornmunlcatlng th• Chrfstlgn falth
Publk benefit
The Iru818•8 ha￿ pald du? regord to guldance 18su•d by the Charty Comm1681on kn deddlng whgt gctlvNles the
tru81 Ahould undertake.
Achl•v•ment• •nd p•rfomianc•
Swniflcant activities and achievements 8gainsl obJ'8Ctives
The TruBt currentty operatè& three smal hou6ing prolect8, •a¢h •lm*d 01 provldlng practical lupport to Ind￿ldU•ll
and lamllie8 •XP•rtèndng need.
Th¢ prop8ty In Caterharn has conllnued to pro¥ld• Accommodation for tm) Ukralnlan lamllles Ihrough the Tru61'6
p8rtnershSp wKh Tandridge Dislrl¢t Coundl. Thls orTangemenl has enabled th• famlllg$ to aGcg88 Stable housing and
Support during a period of dlsplacament.
The propeity In ￿rfIngham was occupied for longèr th¥n orfglnalty anticApated by an extended famlly, rafie¢tlng the
level 8nd complexlty of need. The 18mity has now suceesslully transltloned into four separat• homès. Is meetlng It8
own houslng costs, and Ss managing it8 finan￿$ Indepandentty. The TruBlees conslder thls to be a positlve outcome
In t•m15 of 8UPPOrtlng beneffd8wle6 toward$ or¢8ter Independence.
In Order to Irryjrove the lono4emi effectlveness ol th16 888el, the Tru8tees are Beeklng plannlng p•ml88ion to
convert the Wartin9ham property Into self-contained aparlments. An initlal application was not ?pprov•d, and
revised scheme is in preparallon. Subject lo obtalnlng the necessary consents, Ihls development wlll require
Invoslm8nt, whlch the Trustees conslder lo be an 8pproprtate and prudent use of the Trnst'8 resources in
furtherance of its charitable purpose8.
During the year, ¥ property In C8tetham Valley became 8vailable for purch08e. The Trustees havo agr•¢d lo
proceed wlth the a¢qulsltion. subject to 6alisfactory Eornpletion of conveyancing, with the intenb'on ol further
expanding the Trust'5 capauty lo provide housing for thosa In need. Al the date of signing, no legal commitment
e￿ited lor the purchase.

GRACE CHRISTIAN TRUST
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED
FOR THE YEAR ENDED 28 FEBRUAR Y2026
The Trust hos c4Jntinued to prov6d• 8mo11 grants to local thurches In 8UPPOrt of thelr acJvltles and outr¢a¢h withln
thelr communitses.
Durfng the yeaT, the Tru$l$&s hav• also supported a church in south Croydon in developing pfopDsals to renovate
ili building. This has involved engagement wtth the church leadership, profe8slonBI advS8er¥, and the wlder
congTeg¥lion. Grants have been rrad& to ¢ontrlbule towards Ihe cost6 ol design work, visualiiation. and the
praparatlon of a ￿anniTrg application.
Th8 Trustee8 fecognize Ihe importsnce of ensuring thal such projects are vlable. sustainable. and aligned wlth th•
Trust'8 charftsble oblectlv85, and will continue to monrtor progre88 8¢cord5ng1y.
In addition. the Twsl has made a number of grant8 to OTganl3atlonJ end Indlvldual8 engaged In communlc8ting th
Chrl¥ti8n fath. both ￿thIn the UK and over6ea$.
These have induded 8upport for 8 thaatr• compony. a chlldren'8 worker b8¥vd In C•nlrnl Europe. and a thurth
engaged in hum8nllarlan work in Eastem Europe. The Trustees are sallsfied th8t tha88 grants are con818tsnt wrth
the Tru81'8 oblectlves and contrtbute to the advancement of Its chgrltablo purpose8.
Flnan¢l•l r•vlew
Income lor the year 13 £403.012 12025.. £938,418) ThlB Is lower th8n last year due lo a reducuon kn d¢fjallon6,
however Inv¢8tment Income has seen a POBttive Inco8$e du￿n9 lh8 y88r. Expendltvre on tharitable activities wa8
£83,452 12025.. £32.4181. There is 8 gain of £56,957 1202S'. loss £4,913) on revaluallon of In¥e8tmenl$. The net
movem8nt8 on funds was a 8urplu¥ for th• y•ar of £375,55312025.' £901,087).
Reserves poNcy
It Is the pollcy of the tnJ8t thBt Unrest￿cted lund8 whl¢th have not been deslgn¥l¢d for a spedflc use 6hould be
m8lntalned at a18vel equlvalenl lo betwe8n three gnd six month's expendftuffj. Th¢ trustees conslder that reservp8
81 this level wlll trn$urè Ihat, in the event of 8 8igniflcanl drop thjndlng, they VAII be able to continue the trust'8
current act1￿￿￿9 while consldaratlon is given to ways In which additional lundB may be ralBed. Thi8 level ol re$erv•8
ha3 been mAlntalned throughout the year.
Pl•n• forfutur• p•rlod•
Looking ghead. the Trustee8 Intand to continue to advence th• Tru8lB charttable oblÈctfve8 whllo •X•fcl$lng cgreful
8loward8hlp of Its resource8.
In particular, the Trustees alm lo mak¢ further progres5 in Ihe developmanl of the Warflnghgm property, subjèct lo
obtalnlng the necessary plannfng cons6nt, wilh a vlew lo enhancing 11$ ¢apAclty to provide sustainable houslng for
th080 In ne￿.
The Trustees 8180 expect to con(Inue working wlth the church In South Croydon to 8UPPOrt the development of
vkqble and dellverable scherne for the ￿n0¥￿tIOn or redevelopment of rt8 buildlng, re￿gnIzIng the Importance of
8nsuring that propoBals are prBdical. 8U5tainable, and appropriatety re8ourced.
More generally, the Truat••s ￿￿11 continue to administer th• Tru5Vs 8ssels and fijnds responBibty. applylng Ihem
effeclfvety In furtherance of the TnJsfB purpo8e6. In doing so, the Trustees will have regard lo gpproprfate rfsk
rnan8gement. value for money, and the Ch¥Tity Commi58lOVb'5 guidance on public benefit.
Strueturg. governance and manag•m•rt
The charfty Is controlled by ils governing dowrnnt. a d8ed of Injst, and conslilutes a company. limited by
guarantee, as defined by the Ci)mpanI￿ Act 2006.

GRACE CHRISTIAN TRUST
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2026
The trustees. vtho are al80 the directors the purpo￿ of company law. and vtho Served durfng the ye8r gnd up to
the do19 of slgngture ofthe finanrAal Btatements were..
MrAMayo
Mr l Mayo
Mrs J hrtayo
RecwittFl8nt and 8ppolnlment of Irustee8
New Trustees ar• rocrulttd as and when the rjjrrent trusleeB doem M n¢wsary. Any new Iw8tse8 are appolnted ty
PD88lng an ordln•ry rlsolutlon at a general meelng of th8 company.
or98n1s8t￿8l structu
Curr8nity, th• d¥y lo day m•nagem8nt oflhe charity 18 undert8ken ic4aty by the Iru8tee8 oflhe chBwfjty.
Induct￿ and Iroinlng oftrust&es
As part of the inducuon pro¢e8$ new Iru8leas are provlded vllh a ¢¢py of th• 'Stalernent of Beliets" that Ihè Gro¢•
chris￿￿n Tru$1 oper8le$ under. In addluon new tnJslee8 are provlded Charfty CommlSBlon documentatlon $0
tho1 they hove o full understandlng of their re8pon¥lblllll•8 0$ trust￿8.
The trusl*es'
po
W88 approved by the Board of Tw$t¢•$.
MrAM
Tru•t••
3rd July 2026
Dale..

GRACE CHRISTIAN TRUST
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF GRACE CHRISTIAN TRUST
I report to the trustee8 on my ex8mlnatlon ofthe finanrAal 8tatements of Grace Chri8tian Trust (th• tmstl for the year
ended 28 February 2026.
R•¥pon•lbllltlo• and bw•lg of r•port
As the tru$lee$ of the trust land also Its dlrèctors for the Purpos￿ of company lawl, you are responsit4e for the
preparauon of the financial slalements in accordance with the requlrements of the Companies Act 2006.
Havlng satisfied myself that the finanual ststements ol the Irust are not Tequired to bè audlted under Part 16 of the
Companies Act 2006 and are ellgible for kndependent examlnatlon, I report In re5P8Ct ol my examln8tion ol the
trust'6 finand815ts18ments cariled out under $8ction 145 01 the Charities Act 2011. In carying out my examlnalion I
have lolowed Ule Dlrections given by the Chgrtty Cwmission under sectlon 145ISllbl of the ChariUesAcl 2011.
Indepgnd•nl •xamln•rf• •tatem•nt
Slnce the trust'$ gro$s Income exceeded £250.000 your exarniner must be a m•mber of g bo¢ty1181ed In ￿et10Th 145
ol the 2011 A¢t. I confirrn that l 8m qualtned to undertake th8 examlnation because l am a m•mb8r of the
As50ua110n of Chartered Certified A¢¢ountanls. which is one of the Ilsted bodies.
I have completed my expmlnallon. I confirm Ihal no mattèrs have come lo my attenllon In eonnectlon the
•xarninalSon givlng ¢au$e to belleve that In 8ny mat•rfal respect..
accounting ￿CordS were not kept In respect ol the IN$t 88 rnqulred by Bedon 388 oflh• Compan188 Act 2006.
the fin8nci818tatements do not accord wlh those recordB', OT
the financial slalements do not compty wrth the arx¢unling mqulremen18 018ecUon 398 of the Companie¥ Act
2006 oiher thAn Any requlrernenl that the nn8n¢lg18tatemenl8 gple ¥ tru• and view, wthlch is not a m•tt¢r
con81dered 08 part of 8n independent examlnatson., or
the flnancS8l $latemènti have not been prepared In accordance with th& methods and principle8 of the
St8temenl of R¢¢ommeThded Practlce for 8ccounllng and reporung by ¢haritl8s applicable lo chari118s
preparlng thalr flnancial stalemenli aceordonce vAth the Flnanclol Reporting Standard èppll¢abl• In the UK
and Republlc ol Ireland IFRS 1021.
I hove no concems and hav¢ ¢ome across no other m8ttèr8 In connection wlth the examlnallon to whlch attentlon
should be drawn In thls report In order lo enable a proper under6tandlng of the finondal statements to be rea¢hod.
John C•l•dln• FCCA CTA FCIE
Culadine Limited
Ch8nlry House
22 Upperton Road
Easlboume
East Sussex
BN21 1 BF
Dale..

GRACE CHRISTIAN TRUST
STATEMENT OF FINANCIAL ACTIVITIES
ONCLUDING INCOhlE AND EXPENDITURE ACCOUMTI
FOR THE YEAR ENDED 28 FEBRUARY2026
Unr•8trlcted Unr¢strfct•d
lund8
fund8
2026
2026
Nots•
Incom• from..
Donotlon5 and legados
ChBrilablo 8LXlvrtle8
Investments
325.000
20,000
58,012
871.000
30.000
37,418
Total Incom•
403,012
938,418
Exp•ndlfvr• on..
Ralslng bJnd8
Ch8dtable activilie8
8.218
77.234
5,127
27,289
Totsl •xp•ndltur•
83,452
32,416
Net galn81lloB6es1 on Inv•8tm•nts
13
56.957
14.9131
N•t In¢¢m•
378.517
901,OB7
Other r•¢ognl••d g￿n$ •nd lo••••'.
Olh•r1095e8
19641
movem•nt In fund•
io
375,553
901,087
R•con¢lll•tlon ol fund•:
Fund balances at 1 Mard) 2025
2,829.824
1,928,737
Fund b•lanc•¥ It 18 F•bw*ry 2026
3,205,377
2,829,824
The stalemenl of finandal aetlvbfj88 Includes all galn8 and108888 recognlsed th• y•8r. Al Ino)me and expendNur•
derive from continulng 8cts"vltle8.

GRACE CHRISTIAN TRUST
STATEMENT OF FINANCIAL POSITION
ASAf 28 FE8RUARY2026
2026
2025
Notes
Flxed a••et•
Pioperty, plant and equlprnent
Investments
1,125,118
725,740
1.140,857
663.599
17
1,850,858
1,804.456
Current a•••ts
Trade and other Ter*￿able8
Cash at bank and In hand
7,895
1,348,904
4,199
1.023,329
1.356,799
12.2801
1,027.528
12.1801
Curr•nt Il•bllltl••
19
Net curr•nt a•••t•
1,354.519
1,025,368
Total ••••t• l••• eurr•nt Ilabllltl••
3.205,377
2,829,824
N•t a•Ht•
3.205.377
2,829,824
Th• fund• of th• tnmt
Unre6trfct8d fvnd6
3,205,377
2,829,824
3,205,377
2,829,824
The ¢omp8ny18 8ntttled to the exempuon froffl the audlt requlrement contalned In 8•don 477 of the Compan1?$ Acl
21)06, for the year ended 28 FelxuBry 2026.
The dlrector8 acknovAedg8 th•lr re￿OnsIbIl￿e8 foi comptying vAth th• requirements ol Ihe Companles Act 2Crf)6
wlth respect lo acc¢untlng reeordg and the preparation of flnand•l $talemont8.
The mernbèrs h8v8 not r•qulred the compony to obtaln an audit of Its flnandal ¥lalem•n18 for Ihe yeBT In questjon In
accord8n¢è wlth 8ecllon 478.
The$e flnandal 8talemenls have been pr¢par8d In accordancè ￿th th8 pfovlslons appllcable lo companles subject
lo the Bmall companies reglme.
The fln
¢lal
lal¢mgnts wem approved by the tru$ts¢$
Mayo
Tn*t••
Mr l Mayo
Tru
Company registration numb•r 07163237 (England and Wale61

GRACE CHRISTIAN TRUST
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 28 FEBRUARY 2026
2026
2026
Ca•h flow• from oper•tlng actlvltle•
Cash generated from tsp6rallons
22
276,443
883.687
Inve•tlng 4ctlvhl••
Purchase ol investments
Proceeds from dl$pos41 of Investmants
Inv&stmenl income received
1213,1481
207,964
54,316
161,0101
51,288
33.217
N•t ¢a•h q•n•rnt•d from Inve•tlng •¢￿VItI
48.132
23,493
N•t In¢r•••• In ca•h and c••h tyulv*hnts
325,S75
907,180
Cash and c88h equfvalonts at b•glnnlng ofyear
1.W23,329
116,149
Ca•h and ¢•¥h •qulvalonts •t •nd of y••r
1.348,904
1,023,329

GRACE CHRISTIAN TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUAR Y 2026
Accountlng pollcl•8
Compony Infomiatlon
Grace Christian Trust li • private CAympany Ilrnhed by gu8ranlee IncowporBtsd In England and Walei. Tho
reglstered office is ONord Manor. Shorehlll Lane, Otfr*rd, Kant. TN15 8XF.
1.1 8a•iB of prep4rJtlon
The ffinancial 8talements havg bgen prepared in accordanc* wllh the ITU81'8 govemlng document. th8
Companies Act 2008. FRS 102 Yhe Flnancial Rèporting Standard appllcBbltr In the UK ond Republlc of
Ireland. C'FRS 1021 and the Ch8ritSe8 SORP 'Accounllng and Repo￿n9 by Charitles.. Statement ol
Recommend¢d Pradce appllcable lo ch8ritles preparlng their accounts In accordance with the Finandgl
Rep¢rtkng Standard applicable in the UK and Republlc of Ireland IFRS 1021. leffectlve 1 J•nu#ry 20191. The
trust IB a Publlc Beneffit Enlbty defined by FRS 102.
The flnandal 3tatements Ar• prepored in sterfing, whlch Is tha functlonal curr•ncy of the trust. Mon•tsry
amoun15 In these flnan¢lg1 st8tem8nls are rounded to lh• nearest £.
Tho financlgl statements have been pwpgred under the hi810rf¢81 cost conventlon, lrnodified tv Include the
rev8lu8tion of freehold propertles and to include inve8tmenl prop8rt188 and certain flnanclal Instruments at falr
valuel. The prlncSpal accountlng pollda8 adopted are 8151 out below.
1.2 Golng ¢on¢èm
At the tlme of appro￿ng the fln8nclal statemen15, the tru$loe$ have a reasonable •xpect8tlon that the Iru8t
ha6 adequate resourc8S to conts'nue in oper8lional existence lor the foreseeable luture. Thu6 the trusl•e8
conunue to adopt th• golng concern ba81¥ of accounllng In preparfng th? Ilnandal 8tatoments,
1.3 Ch•rftable fund•
Unrestrfcted lundo are avallable for al the dl8cretlon ol tho trustee8 In fvrtheran￿ of Iholr ch8rftsble
oblectlve6.
Resthcted fiJnd8 are 8ublect lo gpedflc condrtlon6 by donors or gr8ntOf8 as lo how Ihoy may be used. The
purposes and usts of tho r8strlcted funds are 6el out In Ihe notes to the financlJl $tst•mants.
Endowmant funds are subject to 8pgcmc condillon8 by donorn th81 Ihe capital must be mjlnlglned by the trust.
IA Ineom•
Income is re¢ognlMd ¥then Ihe tru8t18 legalty enlV¢d to h after any perfomiance condltlons have ￿en mgt.
the amounts Can b8 measured rellabty, and il is probgble that Income wlll bo r•c8lved.
C85h donallon8 are r8cognlsed on recefjpt. Other donatlons Are recognised On￿ the trust has been notified of
the donation, unl¢s$ perf0mlan￿ conditions require deferral of the arnount. Income tsx recoverable In Tel816on
lo donations recelved under GhlAld or d8od8 ol covenant 16 recogni&èd at the Ume of the donation.
Legacies are recognised on receipt or otherwls? If the trust has been notffied of an Impending dl8lrfbutk*n, thg
8movnt 18 known, and receipt Is exp8ct8d. If the gmount Is not knovm, tha legacy is treated ag a coHtingent
•55et.

GRACE CHRISTIAN TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY2026
A¢¢ountlng poll¢1￿ IContlnu•dl
1.6 Exp•ndlture
Expendlture Is recognised once ther• Is a legal or constructivo obllgAtlon to tranBfer economlc benefft to o
thlrd p8rty. h Is probable that a transf8T of economlc b8nefftB ￿11 b$ ￿qUIred In setMem8nl, and the amount of
thè obllgation can be measured reliably.
Expenditure 18 dess￿ed by adJvlty- The cos16 of e8th actlvty arn made up of the totsl of direct cost8 and
shared costs, indudlng Support costs involved In undertaklng each aclvty. Dliect co$1$ attdbutable to B single
activity are ¥llo¢ated directly to that actfvity. Shared costs whlch contribule lo more Ihan one activlty and
support costs which are not attributable to 8 sSn9le acijvty are apportioned btheen those activilles on a b9815
¢01131stent with the use of Te8ourc¢s. Central staff costs Bre allocatgd on the bBsli of tim• spent. and
d8piedatlon charges are Blloc8led on the portlon of the asset's us•.
1.6 Prop•rty, plant and equlpment
Propety, plbnt and 8quipmant are Initlally m￿sUred at ¢08t and sub6equ•nlty m•a8ured 8t CO81 or valu8tS0n,
n?1 of deprndatlon and any ir￿alM7*nIr08leS.
Depredation IB recognlsod so as to write off the ¢011 or vAlualcfj of ajseti le$¥ Iholr re81duo1 value8 over Ih•lr
u8eful Ilves on the fo10￿Trg basle..
Freehcld 18nd and bulldlng$
Flxtures and fittingB
2% Slrolght Ilne
33Y• BITaighl Ilne
The galn or loss art81ng on the dl#pos81 of An a8set18 detennined a$ the dlfference befvleen thè 8ale proceed8
•nd tha carrylng value of thtr 88set. and13 recogn13ed In th• ¥tatement of fin8nrAal actIvI￿o8.
1.7 Nonllcurrent Inv••tmenti
Fixed aB8et investment8 are Inllially me88ured at trnnsactlon prfco •xe￿dInG lrnn8acllon co¥l¥. and Jr•
$ub¥equentty megsLtred at falr value al each reportjng date. Changes In value are r*cognli¢d In n•t
IncDmell8xpendllurel for the year. Tr8nsaction costs are eXpen￿d 8s IncUr￿d.
1.8 Impalrm•nt of non-curr•nt 4•80ts
Al each reporting end data, the trust revlow8 th• carylng omounl8 of it8 tanglbl& #888t8 to determine whether
there 13 any Indl¢8tlon that those assets have 8uff?r•d Impalmienl 1085. If any such Indlcatlon exl¥ts, the
recover¥bb amount of the asset is estimatéd In order to determine the extent ol the impairmenl195$ IW onyl.
1.9 C•8fv •nd ca¥h equl¥ahnt•
Cash 8nd cash equiv8lents include ush hand, depo$lts hold at call banks, othèr 8hort-term Ilquld
investrnenls with original maturities of three months or 1¢$$, and bank overdrafts. 88nk overdrafts are Bhovm
thin borrwngs in current liabilitles.
1.10 Fln•nci•l in¥trurnonts
The trust has elected to •ppty the provisions of Section 11 'Baslc Fln8nrAal InslNments' and Sectlon 12'01her
FlnanThal In3lruments Isgue8' of FRS 102 to all of its flnanclal instruments.
Flnanclal Instruments are recogn15¢d In the trl￿r5 balance sheet when ihe trust becom0$ p8ty to the
ontr8Ctual provision8 of the Instrum￿1.
Finanryal assets and liabilitles are offseL wth tho net amounts presented In the fin0nci81 $18tement8. when
there is 8 legally enforceable right lo set off the recognised amounts 8nd there is an intention 10 5elUe on a net
basls or to realise the asset and settle the Ilability 8imull?n¥¢*usly.

GRACE CHRISTIAN TRUST
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED
FOR THE YEAR ENDED 28 FEBRUARY2026
A¢countlng pollcl•8 (con￿nu•d)
B•slc Iln•nclal assets
BASIC finanaal assets, which inchjde trade ènd othèr feceivMble8 and cash and bank balances. are Initlalty
measured ot transactlon price includlng tran$a¢tlon cosis and are subsequentty cBrrled at amortlsed cosl
using the 8ffective interest rnethod unless the arrangemenl con8trtutes 8 finandn9 trans8Ctty)n, where the
transactlon 15 rneasured al the present V81ue of the future receipts dl8counl•d At a markal rate of InteresL
FinanrAal as6ets das5th8d as raceivable ¥￿in one year are not amortJ"sed.
Bajic flnancl•l Ilabllltl•8
Basic financial liabllitles, In¢ludln9 trade and other payable6 and bank loans are Inillalty recogni5ed al
transaction price unless the 8rrangamenl constituteB a financing tr8n8acllon. Whe￿ the debt Instrument l¥
measurtd at th& presènt value of Ihe future payments dlscount¢d at a market faie of intere51. Finandal
liabllille$ das$lfi¢d a$ p8yable wllhSn one year are not 8mortls•d.
Debt Inslrum8nl8 ale subsequenlty carrf•d al amortlMd cost. using the effedve Int¢f•8t f8le method.
Trade payableB ar• obllgalons to pay for good8 OT servlct$ th•t hav• ba•n aquired in the ordlnary COUTJe of
operation3 from Suppliers. Amounts payable Bre da¥$lfied 98 currant 118blllNes bf payment 16 due wllhln on¢
ye8r or less. If not. Ihey are presented as non-¢urr¢nt liabllttles. Trade payablès are r•co9n18ed inltlally 81
Irgns8Ction price and sub8equenlty rneasu￿d 01 arn¢rtlsed c08t U81ng Ihe effecllv& Interest mathod.
D•r•cognltlon of Iln•n¢hl Ihbllltl•¥
Flnandal 11gbilrties derecognloed when the Iru$t'$ contractual obllgaUDn8 oyplro or 8r• dlscharged or
cancelled.
1.11 Employee benefit•
The cosl of 8ny unuBed holld8y enltlèm•nt 18 fecognlsed In the perfod In whlch Ihe employee'8 Be￿ra6 are
racalved.
Te￿I￿a￿On benefits 81¢ recognlsed Immedlalety as an expen88 when the tsusl Is demonstrably committed lo
lemiin8t8 the employment of an employee or to prowld• t•mlnation beneflts.
Cyltlcal accoUn￿n9 ••tlm4te• and Judg•m•nt•
In the appllcatlon of the tru$f¥ grcountlng pollcles, the tru31ee3 are requlred to makfr judgements, estimate¥
Bnd assumptlons about the carylng amount of 85sels and IlablllUe$ that are not readlly apparent from oth•r
Éourc•s. Thè astlmates and associated assumptions are based on hlstorlcal experien￿ and other tsdors that
ar• congld•red to be relevont. Actval TesuttJ may dNf•r from Ihese estlmates.
The estimates arml undertying 8s¥urnplons a￿ reviewed on en ongoing b8$1s. Revlslon3 to accounlng
esllmate8 are recognlsed In th8 perfod In whlch the esllmate li r8ViBed where th8 revision affect5 onty that
period, OT in the p¢rfod of Iht ravlslon and future periods where the revlsion affects both current and fiJluTo
porlod•.
Income from don•tlons and legaclo1
Unrn8trlct•d
funds
2026
Unre8trlctod
funds
2025
Donations and g1ft5
325,000
B71,000
10-

GRACE CHRISTIAN TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY2026
Income from charftabl• •ctlvlOeB
Charftsbt• Charltabl•
Income
Incom•
2028
2026
Charftable rent81 in¢ome
20.000
30.1KJO
Analy•l• by fund
Unre61ricted funds
20,000
30,000
Incorn• frnm Inv•4tm•nts
Unrn•trlcted Unrn•trlct•d
lund•
fund•
2026
2025
Income from Ilsted Inve8lmenl•
Inlere¥t recelvable
10.078
47.934
9,eco
27,818
58,012
37.416
Exp•ndlturn on rnl•lng fund•
Unre•trtct•d Unrn•trfct•d
lund•
lund•
2028
2025
Inve•tffl•nt manag•m•nt
8.218
5,127
11

GRACE CHRISTIAN TRUST
NOTES TO THE FINANCIAL STATEMENTS ICONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY2026
Exp•ndI￿re on ch•rlt•ble *¢tlvlUeJ
Charlt•bl•
•xpendltur•
Charttable
expenditure
2026
2025
Dlrect co•ts
Depreciation and Impalrmenl
Rent81 prop¢ty 8xpense8
15,738
22,870
18,111
1,259
38,408
17,370
Grant lundlng of actlvitl?B not• 81
30,951
7.519
share of •upport •nd gov•rnanG• G￿ts l•M n¢t• 91
Govemgnce
7,875
2.400
77.234
27,289
An•ly•l• by fund
Unreitricted fund8
77,234
27,289
GT•nt• pyabl•
cha￿￿bI•
•xp•ndhur•
2028
Ch8rltabl8
expenditure
2025
Grants to InBtltuUon8'.
Mlcro gr#nts to local UK chuTthe$
other
7,269
18,987
7,519
24.238
7,S19
Gronts lo Indfvlduals
8,715
30,951
7,519
12-

GRACE CHRISTIAN TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY2026
Support costs •lloc•tsd to •¢tlvltle•
2028
202B
Offlce èxpense$
Governance costs
233
7,642
153
2.247
7,B75
2,400
Charltable expendltur8
7.875
2,400
2028
2028
Gov•m•nc• eo•ts compTI••:
Ind•pendent examkn8lh)n fe88
Accountancy
Legal and profe88ional
Sundry oxpen$e$
1,000
1,334
3,302
2,006
1,2
7,642
2.247
10 N•t mov•m•nt In fund•
2026
2025
The net movem?nl In fund6 1$ itated After charglngllcredillngi..
Fee¥ payabl¢ for the kndap•ndenl examln8Jon of th• ch8rfVs )Inandal
Bt8tement$
Depreciation of ownad propety, plant and equlpmont
1,000
15.738
1,920
18.111
11 Tru•t••¥
None ol the twsl8•8 lor any persons connected with thpml re￿1ved any reMunem￿On or b•n•fits from the
trust durfng th8 y88r.
12 Employ•
The average rnonlhty numb*r ol•mployees during the year wa5..
2026
Numb•r
2025
Number
Total
Thare were no employees who8e annual rgmun8rallon was more than £fjQ,OtrJ.
13-

GRACE CHRISTIAN TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED}
FOR THE YEAR ENDED 28 FEBRUARY2026
13 Gain• •nd loue• on Inve•tments
Unre•trl¢t•d Unr•8trlcted
lund•
funds
3026
2025
GaIn￿(lo$S9￿1 arislng on-
Rev8lu8lon ol Investment8
Sale of in¥e8lmenls
112,214
{55.2571
18,6701
1,757
56,957
14,9131
14 Tax•tlon
The ¢h¥rtty Is exempt from taxallon on Its Acllvhle8 becau8tr 811 Income Is Applled for charltablo purpo888.
15 Oth•r g•ln• and Io•M•
Unr••trlcted Unr••trlct•d
fvnd•
fund•
2026
2026
Goln8lllo$Bes} upon..
Forelgn exchang•
18 Prop•rtyJ pl•nt •nd •qulpm•nt
Fr••hold l•nd FIXtw￿ 4nd
and buMdlng•
flttln
Tot•1
Cogt
At 1 MArch 2025
1,180,381
1,121 1,181,502
At 28 February 2026
1,180,381
1.121
1,181,502
Depr•¢l•tlon and Impalrnient
At 1 M8ich 2025
DepreclalSon charged in the y¢8r
39.525
1 5,738
1.121
40.646
15,738
Al 28 Fttrrtuwy 2028
55,283
1,121
58.384
Carrylng amount
At 28 February 2026
1.125.118
1,125,118
Al 28 F•bw4ry 2025
1.140,8S7
1.140.857
Freehold land and buildings contslns a r¢8ldentlal property purch8sed by the chartty during the year.
This is being rented out to families in need. al 8 below markel late level of fent. As such, it is held for th¢
fulfillrnent irf tharitgble purposes, rather than Investment retUTns, and hence Is induded 85 P tan9ible frxed
asset In use.
14-

GRACE CHRISTIAN TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY2026
17 Flxed asset Inveth•nt•
Ll*t•d
Inve•knents
Coat or ¥olu•tlon
At 1 March 2025
Addllions
Valu8tlon c*Ange$
Dlsposals
683.599
213.148
112,214
1283,2211
At 28 February 2026
725,740
C•rrylng •mount
Al 28 February 2028
725,740
At 28 February 2025
883,599
18 Trad• and oth•r Mc•lv•bl
2026
2026
Amounts f•lllng du• *4thln on• y•qr:
other roc•lv•ble$
7,895
4,199
19 Curr•nt Ilablllll
2028
2025
Accrua18 and deferred Income
2.280
2,1
10 Unr•strlet•d fvnd•
Th8 un￿S￿'cted funds ot th• tharlty compr13e the un8xp•nded balances of dvnollon8 and grants wh1(* •re
not subject to Spodfic condltlons by donorB and grantors as to how they may be used. These indude
designated funds vknich h&v• been set aside out of unrestricied fvnds by Ihg Iru8lees for sperAfl¢ purpo8•9.
At l March
2025
Incomlng
r••ourc
R•soureeg
oxp•nded
GalnB •nd
At28
lo$sè•F•bruary 2028
Genaral funds
2,829,824
403,012
{83,452)
55.993
3.205,377
Previous y•ar:
At 1 March
2024
Incomlng
re•ourc•s
Resources
expend¢d
G•ln• •nd
At28
10oMsFebruary 2025
General fund8
1,928,737
938,416
132,4161
{4,913}
2,829.824
15-

GRACE CHRISTIAN TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY2026
21 C•4h generated from op•r•tlon•
2026
202
Surplus for the year
376,517
UbJl.087
Adlu&tm•nts far..
Inveslmenl Incom8 rets)gnls8d In 8tatsm•nl of financlg18CtivlU•8
For•lgn exchange dlfferencas
Lo￿1[984n) on dlsposal of inveBtments
Fglr value gains &nd1088•8 on InveBtmenl8
Depr•datk)n and lfflpalmionl ol propety, ￿an1 and equlpmenl
{58.012)
19841
55.257
1112.2141
15.738
137,4161
11,7571
8.670
16.111
Movem•nt• Irb worklng c•pttAI:
Incrnaselldecrea881 In trade and oth•r payable8
121
11,0081
C••h q•ner•t8d Irom op•ratlon•
276.443
883.687
21 An*ly•l• ol ch•ngM In n•t lund•
Th• IN8t had no materlll debt durfng the year.
76-