2026-03-31-accounts - Grace Community Church Porthcawl

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Company registration number: 07501715 Charity registration number: 1140748

GRACE COMMUNITY CHURCH PORTHCAWL TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

EasyBooks Wales Ltd Unit 4, Dragon 24 North Dock Llanelli SA15 2LF

Grace Community Church Porthcawl Contents

	Page
Trustees' Report	1—4
Independent Examiner's Report	5
Statement of Financial Activities (including Income and Expenditure Account)	6
Comparative Statement of Financial Activities (including Income and Expenditure Account)	7
Balance Sheet	8—9
Notes to the Financial Statements	10—16
The following pages do not form part of the statutory accounts:
Detailed Statement of Financial Activities (including Income and Expenditure Account)	17—18

Grace Community Church Porthcawl Company No. 07501715 Trustees' Report For The Year Ended 31 March 2026

The trustees present their report and the financial statements for the year ended 31 March 2026.

Objectives and Activities

Aims and Objectives

Objectives and aims

The Charity's principal activities are for the public benefit: to advance the Christian faith and to fulfil such other purposes that are exclusively charitable. The main objectives and activities for the period were the provision of public worship, the provision of human resources and services to the community and the alleviation of hardship through various means, as well as support for church planting.

Public Benefit

The activities undertaken are monitored closely by staff and trustees to ensure that the recipients of the charity's services and facilities have an experience in keeping with its Christian aims and ethos.

Volunteers

Our thanks go out to all those who have volunteered their time and services to help ensure that Grace Community Church meets its aims and objectives.

The Trustees have referred to the Charity Commission's guidance on public benefit when reviewing the charity's aims and objectives and planning future activities.

Achievements and Performance

Main Achievements

Throughout the past year the charity has continued to advance the Christian faith in Porthcawl and to provide services to the local community, including financial grants to people in Porthcawl who are undergoing hardship, and through the continued provision of services like Foodshare, Ukrainian Cafe, Mums and Toddlers group and Community Cafe.

The charity has also been given use of another building in town, in which a ‘warm space’ has been offered to the community on a weekly basis, as well as youth facilities and other irregular events. The charity has continued to support church planting, funded by specific donations and various grants. The charity continues to have a strong involvement with schools, care homes and other

community-based organisations within Porthcawl. The organisation continues to support the work of several individuals worldwide who seek to advance the Christian faith in different parts of the world. A more detailed overview of the Charity is available on the Charity's website.

Financial Review

Financial Position

We continue to segment 13% of our income to support others whose aims and values align with those of our Charity. Amounts set aside and not yet spent are shown as separate Restricted Reserves. Costs are continuously kept to a minimum, focusing resources on human resources and on community-orientated work and embracing as much voluntary support as possible.

Principal funding sources

Funding is received mainly from supporting individuals and related gift aid claims, supplemented by grants (see note 2).

Page 1

Grace Community Church Porthcawl Trustees' Report (continued) For The Year Ended 31 March 2026

Reserves Policy

Reserves are held sufficiently to uphold the objectives of the charity without putting it in financial jeopardy. Out of the main general reserves a percentage is set aside for Funds for Outward Giving for overseas projects, UK support including evangelism and for pastoral care and the needy. It is the intention that all of these separate funds will be paid out for these causes on Christian grounds. See Note 11 for movements on these funds and how spent. A Vision Fund has also been set apart. This is a longer term fund with the aim of raising finances over the course of multiple years. The fund is restricted in nature but has the express aim of enabling the church's vision to grow through the renovation, purchase or construction of premises. Any other restricted funds are held in line with the conditions attached to its particular sources of funding until fully expended.

Structure, Governance and Management

Governing Document

The organisation is a Christian Charity registered on 9th March 2011. The Charity is an incorporated company limited by guarantee (registered 21st January, 2011) and is governed by Memorandum and Articles of Association.

Recruitment and appointment of new trustees

Thomas Clewer, Dr Joel Morris and Claire Hereward are current trustees, Russell Stables resigned as a trustee at the end of this current period (30th March 2026). Trustees are appointed for ongoing terms, with new trustees to be appointed at an AGM consisting of members and trustees. A team of elders ensures that the charity's aims and needs are identified and reflected through to the body of trustees.

Organisational structure

The organisational structure of Grace Community Church is comprised of two parts. Firstly, a team of elders, responsible for the overall vision, leadership, oversight and direction of the church including all pastoral and church leadership issues. Secondly a body of trustees who bear responsibility concerning all issues pertaining to financial policy, employment matters, good stewardship, and who seek to ensure that the charity is abiding by best practice as defined by the Charity Commission. These two elements of the organisation structure of Grace work together on many of these areas.

Induction and training of new trustees

All trustees, having attended the church and been involved in church activities for more than five years, are more than familiar within the context in which the charity operates.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate

controls are in place to provide reasonable assurance against fraud and error.

Reference and Administrative Details

Trustees

Ms Claire Hereward Mr Thomas Clewer Dr Joel Morris Mr Russell Stables (resigned 30/03/2026) Mr Micha Kohli (appointed 30/04/2026)

Page 2

Grace Community Church Porthcawl Trustees' Report (continued) For The Year Ended 31 March 2026

Charity Number

1140748

Company Number

07501715

Principal Address

Hope Chapel Newton Nottage Road Porthcawl CF36 5RR

Independent Examiner

Nicola Lewis EasyBooks Wales Ltd Unit 4, Dragon 24 North Dock Llanelli SA15 2LF

Page 3

Grace Community Church Porthcawl Trustees' Report (continued) For The Year Ended 31 March 2026

The trustees' report was approved by the board of trustees and signed on its behalf by:

Mr Thomas Clewer

Trustee 03/07/2026

Page 4

Grace Community Church Porthcawl Independent Examiner's Report to the Trustees of Grace Community Church Porthcawl For The Year Ended 31 March 2026

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2026.

Responsibilities and Basis of Report

As the charity trustees of the Company (and also its directors for the purposes of company law), you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (“the 2006 Act”).

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent Examiner's Statement

Basis of independent examiner's report

My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as directors concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.

Independent examiner's statement

In connection with my examination, no matter has come to my attention:

(1) Which gives me reasonable cause to believe that in any material respect the requirements
a. to keep accounting records in accordance with section 386 & 387 of the Charities Act; and
b. to prepare accounts which accord with the accounting records, comply with the accounting requirements of Sections 394 and 395 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities

have not been met; or

(2) To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Nicola Lewis 03/07/2026 Unit 4, Dragon 24 North Dock Llanelli SA15 2LF

Page 5

Grace Community Church Porthcawl Statement of Financial Activities (including Income and Expenditure Account) For The Year Ended 31 March 2026

Unrestricted funds £ 114,345 246	Restricted funds £ 3,325 -	2026 Total funds £ 117,670 246	2025 Total funds £ 107,596 704
114,591	3,325	117,916	108,300
(111,534)	(4,200)	(115,734)	(123,971)
3,056 3,158	(874) (3,158)	2,182 -	(15,671) -
6,214 65,693	(4,032) 17,471	2,182 83,164	(15,671) 98,835
71,907	13,439	85,346	83,164

The notes on pages 10 to 16 form part of these financial statements.

Page 6

Grace Community Church Porthcawl Comparative Statement of Financial Activities (including Income and Expenditure Account) For The Year Ended 31 March 2026

Unrestricted funds £ 102,765 704	Restricted funds £ 4,831 -	2025 Total funds £ 107,596 704
103,469	4,831	108,300
(118,561)	(5,410)	(123,971)
(15,091) (15,856)	(580) 15,856	(15,671) -
(30,947) 96,640	15,276 2,195	(15,671) 98,835
65,693	17,471	83,164

The notes on pages 10 to 16 form part of these financial statements.

Page 7

Grace Community Church Porthcawl Balance Sheet As At 31 March 2026

Unrestricted funds £ 2,270	Restricted funds £ -	2026 Total funds £ 2,270	2025 Total funds £ 3,183
2,270 5,685 66,235	- - 13,438	2,270 5,685 79,673	3,183 5,925 74,866
71,920 (2,283)	13,438 1	85,358 (2,282)	80,791 (810)
69,637	13,439	83,076	79,981
71,907	13,439	85,346	83,164
71,907	13,439	85,346	83,164
		13,439 71,907	17,471 65,693
		85,346	83,164

Page 8

Grace Community Church Porthcawl Balance Sheet (continued) As At 31 March 2026

For the year ending 31 March 2026 the charitable company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

On behalf of the board

Mr Thomas Clewer

Trustee 26/06/2026

The notes on pages 10 to 16 form part of these financial statements.

Page 9

Grace Community Church Porthcawl Notes to the Financial Statements For The Year Ended 31 March 2026

1. Accounting Policies

1.1. Basis of Preparation of Financial Statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

1.2. Fund Accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

1.3. Incoming Resources

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

1.4. Resources Expended

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

1.5. Tangible Fixed Assets and Depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures & Fittings 20% straight line basis Computer Equipment 20% straight line basis

1.6. Taxation

The charity is exempt from corporation tax on its charitable activities.

2. Income from Donations and Legacies

Page 10

Grace Community Church Porthcawl Notes to the Financial Statements (continued) For The Year Ended 31 March 2026

Unrestricted funds £ 100,103 14,242	Restricted funds £ 3,325 -	2026 Total funds £ 103,428 14,242
114,345	3,325	117,670
Unrestricted funds £ 102,765 -	Restricted funds £ 4,831 -	2025 Total funds £ 107,596 -
102,765	4,831	107,596
	2026 Unrestricted funds £ 246	2025 Unrestricted funds £ 704
	2026 £ 913	2025 £ 1,621

Page 11

Grace Community Church Porthcawl Notes to the Financial Statements (continued) For The Year Ended 31 March 2026

5. Analysis of Expenditure

2026

	2026
Operating the Charity Operating the Charity	Support costs (see note 6) £ 115,734
	2025 Support costs (see note 6) £ 123,971

Classification of salaries pertaining to Micha Kohli and Laura Clewer were presented within "Other Ministry" in prior years. In order to provide an accurate disclosure of the charity's support costs, this will now be presented within "Wages, Salaries and Associated Costs".

6. Support Costs

. Support Costs
Employee costs Premises expenses General administration Depreciation Governance costs	2026 Operating the Charity £ 77,690 6,004 28,604 913 2,523
	115,734

Page 12

Grace Community Church Porthcawl Notes to the Financial Statements (continued) For The Year Ended 31 March 2026

Employee costs Premises expenses General administration Depreciation Governance costs	2025 Operating the Charity £ 83,032 5,491 32,762 1,621 1,065
	123,971

7. Average Number of Employees

Average number of employees during the year was as follows:

Charitable Activities Administration	2026 2 1 3	2025 5 1
		6

8. Tangible Assets

Fixtures & Fittings £ 17,148	Computer Equipment £ 24,744	Total £ 41,892
17,148	24,744	41,892
16,148 -	22,561 913	38,709 913
16,148	23,474	39,622
1,000	1,270	2,270
1,000	2,183	3,183

As of August 2019 Hope Chapel has been transferred legally into the ownership of the company Grace Community Church Porthcawl (company number 07501715). No cost was incurred other than the legal costs of £4,010 which have been included as expenditure on charitable activities in the financial statements for the year to 31 March 2020.

At the time of the transfer in August 2019, £150,000 was placed as an approximate value on the asset which consists of long-term leasehold land and buildings. This note highlights a valuable asset owned by the company, fully available and utilised for its operations. Without the requirement for a formal valuation, it is considered to be a fair approximation of its value at 31 March 2026 by the trustees. Page 13

Grace Community Church Porthcawl Notes to the Financial Statements (continued) For The Year Ended 31 March 2026

9. Debtors

Due within one year Gift Aid Debtor 10. Creditors: Amounts Falling Due Within One Year Other taxes and social security Net wages Pension Liability Accruals 11. Movement in Funds As at 1 April 2025 Income £ £ Unrestricted funds General: General unrestricted fund 65,693 114,591 Restricted funds Vision Fund (formerly unrestricted) 10,113 3,325 Outward Giving 7,358 - Total restricted funds 17,471 3,325 Total funds 83,164 117,916 As at 1 April 2024 Income £ £ Unrestricted funds General: General unrestricted fund 96,640 103,469 Restricted funds Church Planting 2,195 -	Due within one year Gift Aid Debtor 10. Creditors: Amounts Falling Due Within One Year Other taxes and social security Net wages Pension Liability Accruals 11. Movement in Funds As at 1 April 2025 Income £ £ Unrestricted funds General: General unrestricted fund 65,693 114,591 Restricted funds Vision Fund (formerly unrestricted) 10,113 3,325 Outward Giving 7,358 - Total restricted funds 17,471 3,325 Total funds 83,164 117,916 As at 1 April 2024 Income £ £ Unrestricted funds General: General unrestricted fund 96,640 103,469 Restricted funds Church Planting 2,195 -	Expenditure £ (111,535) 1 (4,200)	2026 £ 5,685 2026 £ 914 10 469 889 2,282 Transfers £ 3,158 - (3,158)


17,471	3,325	(4,199)	(3,158)

83,164	117,916	(115,734)	-
As at 1 April 2024 £ 96,640 2,195	Income £ 103,469 -	Expenditure £ (118,560) -

Page 14

Grace Community Church Porthcawl Notes to the Financial Statements (continued) For The Year Ended 31 March 2026

- -	4,831 -	(1) (5,410)	5,283 12,768	10,113 7,358
2,195	4,831	(5,411)	15,856	17,471

98,835	108,300	(123,971)	-	83,164

12. Transactions with Trustees

The charity has three employed staff members during this year. Its activities are generally carried out by volunteers. No staff received salaries at a rate of more than £60,000 per annum.

Name of trustee	Legal authority	Remuneration	2026
			Total
		£	£
	Governing
Mr Thomas Clewer	document	37,800	37,800
	provision
	Governing
Mr Micha Kohli	document	28,620	28,620
	provision

During the previous year the following trustees have been paid remuneration or have received other benefits from the charity or a related entity:

Name of trustee	Legal authority	Remuneration	2025
			Total
		£	£
	Governing
Mr Thomas Clewer	document	35,000	35,000
	provision

During the year the expenses reimbursed to the trustees or paid directly to third parties were as follows: Russell Stables - £100

Thomas Clewer - £3739 Micha Kohli - £722

	2026	2025
	£	£
Other Expenses	4,561	1,388

Number of trustees reimbursed for expenses during the year was 3 (2025: 1)

Page 15

Grace Community Church Porthcawl Notes to the Financial Statements (continued) For The Year Ended 31 March 2026

13. Related Party Disclosures

There have been no related party transactions in the reporting period that require disclosure.

Page 16

Grace Community Church Porthcawl Detailed Statement of Financial Activities (including Income and Expenditure Account) For The Year Ended 31 March 2026

INCOME AND ENDOWMENTS FROM: Donations and legacies Donations Income Gift aid Investments Bank interest receivable EXPENDITURE ON: Charitable Activities: Operating the Charity Wages, Salaries & Associated Costs Trustees' salaries Staff expenses Rent, Rates, Light & Heat Repairs and maintenance Venue Hire Insurance Youth Ministry Other Ministry Events & Hospitality Special Events Evangelism Telephone and Internet Small Tools, Equipment & Resources Legal fees Subscriptions & Donations Actual Outward Giving Paid Depreciation Accountancy fees NET INCOME/(EXPENDITURE)	2026 Total funds £ 103,428 14,242	2025 Total funds £ 107,596 -
	117,670 246	107,596 704
	246	704
	117,916 (11,036) (66,420) (234) (5,038) (966) (150) (1,773) (5,155) (1,562) - (2,854) (6,187) (458) (4,601) (672) (992) (4,200) (913) (2,523)	108,300 (46,644) (35,000) (1,388) (4,838) (653) (100) (1,389) (1,059) (7,234) (465) (11,012) (4,369) - (646) (564) (514) (5,410) (1,621) (1,065)
	(115,734)	(123,971)
	(115,734)	(123,971)
	2,182	(15,671)

Page 17

Grace Community Church Porthcawl Detailed Statement of Financial Activities (including Income and Expenditure Account) (continued) For The Year Ended 31 March 2026

Page 18