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**
|**Notes**
**INCOME AND ENDOWMENTS FROM:**
Donations and legacies
**2**
Investments
**3**
**EXPENDITURE ON:**
Charitable activities:
**5**
Operating the Charity
**NET INCOME/(EXPENDITURE)**
Transfers between funds
**11**
**NET MOVEMENT IN FUNDS**
**RECONCILIATION OF FUNDS:**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**
**11**|**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**
|**Notes**
**INCOME AND ENDOWMENTS FROM:**
Donations and legacies
**2**
Investments
**3**
**EXPENDITURE ON:**
Charitable activities:
**5**
Operating the Charity
**NET EXPENDITURE**
Transfers between funds
**11**
**NET MOVEMENT IN FUNDS**
**RECONCILIATION OF FUNDS:**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**
**11**|**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**
|**Notes**
**FIXED ASSETS**
Tangible Assets
**8**
**CURRENT ASSETS**
Debtors
**9**
Cash at bank and in hand
**Creditors: Amounts Falling Due Within One Year**
**10**
**NET CURRENT ASSETS (LIABILITIES)**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**NET ASSETS**
**FUNDS OF THE CHARITY**
Restricted Funds
Unrestricted Funds
**TOTAL FUNDS**
**11**|**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**
|Donations and gifts
Gift aid
Donations and gifts
Gift aid
3.
**Investment Income**
Bank interest receivable
4.
**Net Income/(Expenditure)**
The net income/(expenditure) is stated after charging/(crediting):
Depreciation of tangible fixed assets - owned|**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**
|**Cost**
As at 1 April 2025
As at 31 March 2026
**Depreciation**
As at 1 April 2025
Provided during the period
As at 31 March 2026
**Net Book Value**
As at 31 March 2026
As at 1 April 2025|**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
-|**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**
|Vision Fund (formerly unrestricted)
Outward Giving
**Total restricted funds**
**Total funds**|-
-|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