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2025-12-31-accounts

Grace Church, Cambridge

Report and Accounts Year ended 31 December 2025

1 Lamb's Passage, London EC1Y 8AB www.stewardship.org.uk

GRACE CHURCH, CAMBRIDGE

FOR THE YEAR ENDED 31 DECEMBER 2025

CHARITY INFORMATION

Trustees Mr M Borg Mr R Dobson Mrs F Doel Dr D Roberts Mr M Rowland Mr S Garry Mr G Dalzell (Resigned 14 April 2025) Mrs J Rigby (Resigned 14 April 2025) Mr B Beaton (Appointed 6 January 2025) Governing Document CIO - Foundation Conversion dated 21 September 2020 Charity Registration Number 1150034 Registered Office 8 Fairbairn Road Cambridge CB4 1UG Independent Examiner Nick Spear ACCA Stewardship 1 Lamb's Passage London EC1Y 8AB Bankers Co-operative Bank

CONTENTS

Page
Charity Information 1
Directors' Report 2 - 6
Independent Examiner's Report 7
Statement of Financial Activities 8
Balance Sheet 9
Notes to the Accounts 10 - 14
Detailed Statement of Financial Activities with Comparatives 15

Page 1

GRACE CHURCH, CAMBRIDGE

REPORT OF THE DIRECTORS

FOR THE YEAR ENDED 31 DECEMBER 2025

The Trustees have pleasure in submitting the Report and Accounts for the year.

Change of status

In September 2020, Grace Church was reconstituted as a Charitable Incorporated Organisation (CIO) with the Charity Commission and ceased to operate as a Limited Company. The Church Trustees took advice from various experts, and it was agreed that this form of organisation was a better fit for Grace Church.

Objects of the charity

The charity's objects are the advancement and practice of the Christian faith.

Governance

The policy and operating decisions of the charity rest with the Trustees, who meet regularly to monitor the activities of Grace Church Cambridge. New Trustees are nominated by the current Trustees, and their appointment is confirmed by a vote of the Grace Church Cambridge membership.

Review of activities

Grace Church Cambridge continued to meet its objectives as a charity in 2025 to advance and practise the Christian faith through the weekly activities of the church, supporting a local secondary school with family and student engagement, spiritual and relational support for the elderly, and care for international visitors to Cambridge.

Grace Church Cambridge employed five people to oversee the running of church activities.

Grace Church has held weekly Sunday services for the regular congregation and guests, as well as weekly small group meetings for Bible study, discussion, support, and prayer. We also held in-person and online prayer meetings and monthly church family meetings. Pastoral care was also provided by a range of staff and volunteers across the church.

Our other regular discipleship groups included:

Grace Ladies

This is a group of about 20 women of all ages, meeting weekly to read the Bible, pray and socialise together.

Men of Grace

Each month, a group of about 15 men gets together to share testimonies, pray, and consider how the Bible applies to certain areas of life.

At the start of 2025, we were able to move our main meeting into North Cambridge Academy’s newly built School Hall. Whilst we were thankful for the provision of a meeting area in the school's cafe, this new space has been a significant improvement, helping us welcome a growing congregation and providing a significantly better environment in which to sing together.

As a church, we’ve continued to be thankful for the opportunity to welcome a growing number of students, and for the opportunities we have as a smaller church to welcome them into church life. We’ve been able to host termly student meals alongside one-to-one Bible studies and prayer support. It has also been a joy to see this group serving, particularly in our music and GraceKids ministries.

We’ve also been pleased to restart our 20s & 30s ministry as a hub to facilitate connection for younger members of the church and help bridge into the main church family, particularly for newcomers. We’re thankful for the team who is continuing to consider what events and regularity would best serve the church.

Page 2

GRACE CHURCH, CAMBRIDGE

REPORT OF THE DIRECTORS

FOR THE YEAR ENDED 31 DECEMBER 2025

As a church, investing in ongoing training to equip people for more effective service remains a long-term priority. We were therefore delighted to partner with a range of training institutions by providing financial support to individuals studying part-time, including Training for East Anglian Ministry (TEAM), Biblical Counselling UK, Crosslands Seminary, and Oak Hill Theological College.

We are particularly thankful for God’s provision of a Ministry Trainee who started with us in September. This role facilitates training alongside ministry experience, serving in a variety of areas at Grace, with a particular focus on our community ministry and work with teens. The provision of this role is not only significant to our commitment to ongoing equipping but has also helped our ongoing expansion of ministry in our community, as explained below.

Finally, we have been grateful to continue using the church’s designated fund for hardship to support several individuals within and outside the church who have encountered financial difficulties. We are grateful to our members for their generosity, which has enabled us to establish this fund and make this ministry possible.

Ministry Teams

Community Outreach

Throughout 2025 a team of volunteers, led by church staff, have developed significant service opportunities in our local community. In particular we have built on our existing work serving North Cambridge Academy, our local secondary school where our church meets on Sunday mornings. Each week a team of volunteers from the church facilitates the school’s Community Hub Cafe, a space for students, parents and staff to gather for refreshments, time to chat and listen to each other, and engage in games and creative activities. The Hub Cafe is a well-used safe space for students to make use of at the end of the school day. The Hub Cafe also provides free pre-loved uniform to students, which members of the church wash, iron and mend.

In 2025, we trained four Early Intervention Coaches through Transforming Lives For Good (TLG). North Cambridge Academy has assigned these coaches to students with Social, Emotional and Mental Health needs (SEMH). Coaches meet weekly with their student for the duration of a school year, providing trauma informed coaching to support school engagement. Coaches work closely with the school to ensure support is targeted to the needs of individual students, and carry out regular reviews to assess progress.

Extra-curricular learning has also been supported as Grace members have taken part in supervising students on ‘Flatpack’ learning days and leading mock interviews.

As an act of support for the staff team at North Cambridge Academy, Grace Church organises a termly ‘cake drop’ of gifted cakes for teaching and support staff, which has been greatly appreciated.

In 2025, we ran our first Summer Blast, a free holiday club style outreach event for 11-16 year olds for the first three days of the Summer Holiday. This was hosted in a local park and community centre and provided sports, games and creative activities. We also provided a simple evening meal for all attendees, and there was an optional time to hear a member of Grace give a short talk about Jesus. We had up to 28 local young people attend this event over the three days, including a significant proportion of boys from ethnic minorities, who were provided with a safe space to play football together and participate in community building relationships.

Grace Church has organised events in the local area including hosting a family Easter trail with local charity, North Cambridge Community Partnership (NCCP), and also running an Advent craft morning in partnership with the NCCP for local families, with decorations made for the community Christmas light switch-on.

Grace Church regulars participated in the Arbury Carnival, taking part in the parade and providing a stall with craft activities for children, games, and space for chat and discussion. We also participated in Come Outside, a local Festival supported by the local authority, encouraging families to make use of the outside spaces in the local area over the Summer holidays.

Page 3

GRACE CHURCH, CAMBRIDGE

REPORT OF THE DIRECTORS

FOR THE YEAR ENDED 31 DECEMBER 2025

Care Home Ministry

A team of 6-10 staff and volunteers from Grace Church has been holding services in Cambridge Manor Care Home on alternate Sundays since Grace Church was founded in 2012. It has been a joy to see new residents and staff at the care home enjoying these traditional services on a regular basis. The attendance of these services has been a great encouragement as we have consistently filled the piano room with residents, staff and family members who very much appreciate these times together. In addition to the alternate Sunday services, we also now provide a drop-in coffee and chat for the residents on alternate Mondays. This is run by a smaller team of 3 people, who have enjoyed building relationships with the staff and residents (and their family members) at these Monday meetings.

Children and Youth

Children aged 0-11 have the opportunity to attend weekly Grace Kids classes as part of our weekly service. Volunteers are DBS checked, and provide a safe, friendly and fun environment for children to learn about what the Bible teaches and how it applies to our lives. Parents are supported to engage with their children about what they are learning through weekly information sheets.

Young people aged 11-13 have a fortnightly group during our Sunday morning service to study the bible together, to support our transition of young people from Grace Kids into the wider church family and worship service.

Our Grace Kids volunteer team are supported through a programme of review and training sessions. There has been a continued focus on supporting volunteers to take on new areas of responsibility within lesson preparation and delivery.

We have a growing number of young people from the church aged 9-13 who are attending our fortnightly discipleship group, averaging around 10 young people each session. This group meets on a Sunday evening with a team of 4 adults, for a meal together, games, and time to study the Bible, applying biblical principles to daily life. This group has provided a safe space for young people to discuss questions about growing up, relationships and participating in community.

We have provided opportunities to serve local families, including a community Easter Family Fun afternoon, with Easter egg hunt, crafts, games and a short Easter talk, and Advent craft activities. We have also invited local families to a Family Carol Service and a guest service specifically tailored for people new to church.

Supporting International visitors to Cambridge

Grace church has a long history of helping international visiting scholars, families and friends. We provide free English classes on Mondays (in person) and Tuesdays (online). We run Bible discussion groups in simple English on Mondays, Tuesdays and Fridays. In conjunction with Friends International, we host an annual 8-week evening course introducing Christianity, specifically for international visitors to Cambridge. We have also provided support for some internationals staying in Cambridge at various times through one-to-one meetings, outings and social activities. This year, we have provided significant practical help and some financial support (through our hardship fund) for a recognised refugee couple. Finally, we make a concerted effort to welcome and include international visitors at our Sunday morning church services. This now includes providing live AI translation of our meetings into up to ±200 languages using a paid web service.

Page 4

GRACE CHURCH, CAMBRIDGE

REPORT OF THE DIRECTORS

FOR THE YEAR ENDED 31 DECEMBER 2025

Christmas Carol Service at the Round Church

For the last four years, Grace has held carol services in the centre of Cambridge in the historic Round Church building. This has been a great and intimate venue for members of the public to come and sing traditional carols by candlelight and hear the message of Christmas. We were delighted this year to be able to continue to hold two English services (an afternoon and evening service) to enable as many guests to attend as possible. We had people attend from all over Cambridge and from different backgrounds and faiths wanting to ask questions about what Christians really believe about Christmas. This year we also held our first Mandarin carol service to cater for some of the many Chinese visitors to (and residents in) Cambridge. We continue to be grateful to St Andrew the Great church for the use of the building and hope to be able to continue to do more of these evangelistic events in the future.

National and international financial support

Grace Church also provided financial support to several Christian organisations in the UK in 2025 and to church partners living and working in Romania, Manchester and Indonesia.

Public benefit

In planning the activities the Trustees have had regard to the guidance on public benefit issued by the Charity Commission.

Financial review

Income for the year was £263,403 (2024: £276,424) and expenditure was £260,964 (2024: £234,241) to give a net surplus of £2,439 (2024: £42,183). The unrestricted cash balance at 31 December 2025 is £153,503 (2024: £175,837). This is a solid basis to continue the growth of the Church in the local community. The trustees are very grateful for the generous support of the Church members.

Reserves policy

The trustees have established a policy whereby free reserves held by the charity should be maintained at between 3 and 6 months of normal monthly church expenditure. The trustees are happy with the level of free cash reserves of £153,503 at 31 December 2025. The charity is holding excess reserves as it is considering potentially purchasing property at some point in the future. The Trustees also intend to use some of the surplus reserves on training for new pastors at Grace Church.

Risk statement

The trustees have reviewed the risks to which a small charity operating with few employees is exposed. Appropriate procedures are in place to identify, monitor and review these risks on a regular basis.

Responsibilities of trustees under charity law

The trustees are responsible for preparing the trustees' annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Page 5

GRACE CHURCH, CAMBRIDGE

REPORT OF THE DIRECTORS

FOR THE YEAR ENDED 31 DECEMBER 2025

Charity law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charity as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the financial year. In preparing these financial statements, the trustees are required to:

  1. select suitable accounting policies and apply them consistently;

  2. observe the methods and principles in the Charities SORP;

  3. make judgements and estimates that are reasonable and prudent;

  4. state whether the applicable accounting standards have been followed, subject to any material departures

disclosed and explained in the financial statements; and

  1. prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation.

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011 and the Charity (Accounts and Reports) Regulations 2008. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approval

This report was approved by the trustees and signed on their behalf by:

Matthew Kalum Borg

Matthew Kalum Borg (Jul 9, 2026 16:08:32 GMT+1)

---------------------------------------------------------------M Borg Jul 9, 2026 Date: _______

Page 6

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF GRACE CHURCH, CAMBRIDGE

('the Charity')

I report to the charity trustees on my examination of the accounts of the Charity for the year ended 31 December 2025 on pages 8 to 15 following, which have been prepared on the basis of the accounting policies set out on pages 10 to 11.

Responsibilities and basis of report

As the charity’s trustees of the Charitable Incorporated Organisation you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the Charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

Since the Company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Charity as required by section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Nick Spear Nick Spear (Jul 10, 2026 08:12:17 GMT+1) Date: Jul 10, 2026

Nick Spear ACCA Association of Chartered Certified Accountants

Stewardship 1 Lamb's Passage London, EC1Y 8AB

Page 7

GRACE CHURCH, CAMBRIDGE

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 DECEMBER 2025

Note
INCOME AND ENDOWMENTS FROM
Donations and legacies
3
Investments
Charitable activities
Other
Total income and endowments
EXPENDITURE ON
Charitable activities
4
Total expenditure
Net income/(expenditure)
Transfers between funds
10
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
10		 Unrestricted
Restricted
Total
Total
Funds
Funds
Funds
Funds
2025
2024
£
£
£
£
171,710
79,360
251,069
263,309
2,991
-
2,991
3,830
8,619
-
8,619
8,368
723
-
723
918
184,043
79,360
263,403
276,424
196,870
64,094
260,964
234,241
196,870
64,094
260,964
234,241
(12,827)
15,266
2,439
42,183
16,847
-
16,847
-
-
(29,674)
32,112
2,439
42,183
175,288
53,007
228,295
186,112
145,614
85,120
230,734
228,295

Movements on reserves and all recognised gains and losses are shown above.

The notes on page 10 to 15 form part of these accounts.

Page 8

GRACE CHURCH, CAMBRIDGE

BALANCE SHEET

FOR THE YEAR ENDED 31 DECEMBER 2025

Note
FIXED ASSETS
Tangible assets
6
CURRENT ASSETS
Debtors
7
Cash at bank
8
CURRENT LIABILITIES
Liabilities falling due within one year
9
Net current assets
NET ASSETS
FUND BALANCES
Unrestricted funds
General funds
10
Designated funds
10
Restricted funds
10		 Unrestricted
Restricted
Total funds
Total funds
Funds
Funds
2025
2024
£
£
£
£
-
-
-
776
-
-
-
776
2,832
-
2,832
6,978
153,503
85,225
238,728
228,950
156,335
85,225
241,560
235,927
10,721
106
10,827
8,409
145,614
85,120
230,734
227,518
145,614
85,120
230,734
228,295
134,607
-
134,607
166,462
11,007
-
11,007
8,826
-
85,120
85,120
53,007
145,614
85,120
230,734
228,295

The financial statements were approved by the Board of Trustees and were signed on its behalf by:

Matthew Kalum Borg (Jul 9, 2026 16:08:32 GMT+1)
Matthew Kalum Borg
---------------------------------------
M Borg
Jul 9, 2026 Charity number: 1150034

The notes on page 10 to 15 form part of these accounts.

Page 9

GRACE CHURCH, CAMBRIDGE

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1 Statutory information

The charity is a charitable incorporated organisation registered with the Charity Commission in England & Wales. The charity's registered number and principal address can be found on the Charity Information page.

These financial statements are prepared on a going concern basis, under the historical cost convention.

These financial statements have been prepared in accordance with the "Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) ("the Charities SORP"), with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland ("FRS 102") and with the Charities Act 2011. The charity meets the definition of a public benefit entity as set out in FRS 102.

The Charities (Accounts and Reports) Regulations 2008 (the '2008 Regulations') requires charities to prepare their accounts in accordance with 'Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005' but this accounting standard has since been withdrawn and has been replaced by the Charities SORP mentioned in the preceding paragraph. The charity has prepared these financial statements in accordance with the new Charities SORP; this departure from the 2008 Regulations is believed to be necessary for these financial statements to give a 'true and fair view'.

The principles adopted in the preparation of the financial statements are set out below.

a) Going concern The trustees have assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the charity to continue as a going concern. The trustees have made this assessment for a period of at least one year from the date of approval of the financial statements. In particular the trustees have considered the charity's forecasts and projections and the possible implications should projected income and / or expenditure vary unexpectedly. The trustees have concluded that there is a reasonable expectation that the charity has adequate resources to continue to operate for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements.

b) Income Income including investment income is recognised in the period in which the charity becomes entitled to receipt, the amount receivable can be measured with reasonable certainty, and receipt is probable. For the most part, income is generally recognised when it is received. Income is only deferred when the charity has to fulfil conditions before becoming entitled to it or where the donor has specified that the income is to be expended in a future period.

Income from charitable activities represents income receivable from goods, services and facilities supplied in furtherance of the charity's charitable objects. It includes income from church retreats and other events and courses.

Investment income represents income generated by the charity's assets and includes bank interest. c) Expenditure Expenditure, including irrecoverable VAT, is recognised when it is incurred or, if earlier, when a legal or constructive obligation for a payment arises provided that it is probable that settlement will be required and the amount of the obligation can be measured reliably. The charity makes grants to other institutions and individuals to further its charitable objectives. Grants payable are recognised as constructive obligations arise, which is generally when the charity expresses a commitment to the recipient that can be measured reliably and then only to the extent that any conditions associated with the grant are outside of the control of the charity. The cost of raising funds is not significant and has not been separately disclosed.

Governance costs, which are included in expenditure on charitable activities but are identified separately in the notes to the accounts, includes costs associated with the independent examination of the financial statements, compliance with constitutional and statutory requirements and any other expenditure incurred on the strategic management of the charity.

Page 10

GRACE CHURCH, CAMBRIDGE

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2025

e) Tangible fixed assets

Fixed assets acquired for use by the charity are capitalised and depreciated over their estimated useful life unless they cost less than £1,000 when they are written off on purchase.

Depreciation periods are as follows:

Freehold land Not depreciated Freehold buildings 50 years Equipment Between 3 and 7 years Computer equipment 3 years

The carrying values of tangible fixed assets are reviewed for impairment in periods when events or changes in circumstances indicate that the carrying value may not be recoverable.

f) Pension scheme arrangements

The charity operates defined contribution pension schemes for its employees. Obligations for contributions to these schemes are recognised as an expense when the liability arises. The assets of these schemes are held separately from those of the charity in independently administered funds.

g) Taxation

The charity has taken advantage of the various reliefs from taxation available to charities and no tax is payable on the charity's income.

h) Exemption from preparing a cashflow statement

The charity has taken advantage of an exemption conferred by the Charities SORP and has not prepared a cash flow statement.

3
Donations and legacies
Donations
Tax recoverable
4
Charitable activities
a
Direct Charitable Costs
Salaries, travel and expenses
Note 5
Venue Hire and other hire costs
Church activity costs
Training
Depreciation
Grants payable
Note 4c
b
Support & Administration
Independent Examination fee
Insurance
Professional services and support costs
Combined charitable activity cost		 Unrestricted
Restricted
Total
Total
Funds
Funds
2025
2024
£
£
£
£
167,412
78,917
246,329
260,236
4,298
443
4,741
3,072
171,710
79,360
251,069
263,309
Unrestricted
Restricted
Total
Total
Funds
Funds
2025
2024
£
£
£
£
125,549
50,830
176,379
132,984
20,872
-
20,872
17,537
17,682
-
17,682
12,905
2,000
7,290
9,290
10153
776
-
776
1,340
20,572
5,965
26,537
52,629
187,452
64,085
251,537
227,548
£
£
£
£
2,370
-
2,370
2,184
912
-
912
784
6,135
9
6,144
3,728
9,418
9
9,427
6,696
196,870
64,094
260,964
234,245

In addition to the fees payable for the preparation and examination of the accounts, the charity paid £1,047 (2024: £826) to Stewardship for payroll bureau and consultancy services.

c
Grants
Missionary support
Grants for education, including ministry training
Relief of poverty
The charity's principal grants to institutions comprised:
OMF
FIEC
Acts 29
SIM International
Emmanuel Northstowe
Romania Missions
Christians against Poverty		 Institutions
Individuals
£
£
13,842
10,155
-
2,000
-
540		 2025
2024

£
£
23,997
50,359
2,000
-
540
2,270
13,842
12,695		 26,537
52,629
5,400
8,300
2,552
2,795
-
2,569
-
18,920
-
12,320
5,486
5,454
404
-
13,842
50,359

Page 11

GRACE CHURCH, CAMBRIDGE

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2025

5
Analysis of staff costs
Salaries
National insurance
Pension costs
Staff expenses (including accommodation rental costs)
Total staff costs		 2025
2024
£
£
111,503
86,370
2,386
2,690
5,877
4,354
56,613
39,571
176,379
132,984

The average monthly number of employees during the year was 5 (2024: 4.5). Most of the charity's activities are carried out by volunteers.

No staff received salaries at a rate of more than £60,000 per annum.

The charity's key management comprise the following trustees named on the Company Information page. Total employment benefits payable to key management for the year were as follows:

Salaries
Other
employment
benefits
Employer
pension
contributions
Trustees:
£
£
£
Robert Dobson
30,150
-
2,391
Stewart Garry
37,287
-
931
Brendan Beaton
20,118
-
1,051
following amounts were payable in the previous year:
Salaries
Other
employment
benefits
Employer
pension
contributions
Trustees:
£
£
£
Robert Dobson
28,942
-
2,270
Stewart Garry
36,141
-
897		 2025
Totals
£
32,541
38,218
21,169
91,928
2024
Totals
£
31,212
37,038
68,250

The following amounts were payable in the previous year:

In addition the charity incurred expenditure in respect of the customary provision of accommodation to Stewart Garry, Robert Dobson and Brendan Beaton amounting to £12,985 (2024: £12,414), £21,600 (2024: £21,600) and £18,000 (2024: £nil) respectively, who are all trustees, so that they could better perform their duties.

All the trustees listed above served as church leaders and received the above payments for serving in that capacity, not for serving as trustees; these payments are permitted by the charity's governing document.

6
Tangible fixed assets
Cost
At 1 January 2025
At 31 December 2025
Accumulated depreciation
At 1 January 2025
Charge for the year
At 31 December 2025
Net book value
At 31 December 2025
At 1 January 2025
7
Debtors
Trade receivables
Gift aid recoverable
Prepayments
Other debtors
8
Cash at bank
Bank operating account
Bank Savings account		 Equipment
Total
and fittings
2025
£
£
9,504
9,504
9,504
9,504
8,727
7,387
776
1,340
9,504
8,727
-
776
776
776
2025
2024
£
£
168
2,756
1,782
1,422
883
-
-
2,800
2,832
6,978
2025
2024
£
£
131,395
124,609
107,332
104,341
238,728
228,950

Page 12

GRACE CHURCH, CAMBRIDGE

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2025

9
Creditors: liabilities falling due within one year
Hall hire payable
Other creditors
Pension contributions payable
Accruals		 2025
2024
£
£
7,150
2,608
490
1,173
817
2,348
2,370
2,280
10,827
8,409

10 Funds

During the year the movements in the charity's funds were as follows:

Designated Funds
Hardship fund
Training fund
Events and projects
General Unrestricted Funds
Total Unrestricted Funds
Restricted Funds
Training Fund
Brendan Beaton training and role fund
Missionary trainee fund
NCA School maintenance fund
Romania Missions
Ukraine
Walkers
Total Restricted Funds
The assets and liabilities represented by the various fu
Restricted funds
Unrestricted funds		 Opening
Incoming
Outgoing
Transfers
Closing
balance
resources
resources
balance
2025
2025
2025
2025
2025
£
£
£
£
£
6,686
500
(540)
-
6,646
800
-
-
-
800
1,340
8,619
(7,695)
1,297
c
3,561		 Opening
Incoming
Outgoing
Transfers
Closing
balance
resources
resources
balance
2025
2025
2025
2025
2025
£
£
£
£
£
6,686
500
(540)
-
6,646
800
-
-
-
800
1,340
8,619
(7,695)
1,297
c
3,561
8,826
9,119
(8,235)
1,297
11,007
166,462
174,924
(188,635)
18,144
-
134,607
175,288
184,043
(196,870)
16,847
-
145,614
50,895
-
-
800
87
181
1,044		 13,558
(14,642)
49,811
-
a
-
59,837
(43,487)
66,658
b
83,007
5,000
(5,000)
-
-
-
-
-
800
-
-
-
87
-
-
-
181
965
(965)
-
1,044
53,007 79,360
(64,094)
16,847
85,120
nds are as foll ows at 31 December 2025:
Fixed Bank & cash
Other net
Total
assets
balances
assets
£
£
£
£
-
85,225
(106)
85,120
-
153,503
(7,889)
145,614
-
238,728
(7,995)
230,734

The transfers referred to above were made for the following reasons:

Transfer of £52,738 relating to 2024 funds received for Brendan Beaton from restricted Training fund to restricted Brendan Beaton a) training and role fund. Net shortfall of £2,927 was transferred from the General fund. Receipt of the above transfer as well as £13,920 transfer from General fund to Brendan Beaton training and role fund to support b) Brendan in his new role,

Restricted Funds:

The restricted Training fund comprises donations given towards the training of new pastors.

The restricted Brendan Beaton fund comprise donations to support Brendan Beaton in his role in leading mission activities to internationals in Cambridge

The restricted Missionary Trainee fund comprise donations towards a short term staff role involving hands-on experience in various church activities in a training capacity.

The restricted NCA School maintenance fund comprises donations given towards the maintenance costs of the school where the church meets.

The restricted Northstowe Plant fund comprises donations given towards the establishment of a new church in Northstowe. The fund closed after final payment was made during prior year.

The restricted Romania Missions fund was set up as a category to record our support to Adulum Church in Romania The restricted Ukraine fund was a once-off appeal in response to the crisis when the invasion first took place. The restricted Walker fund comprise donations given towards support for our mission partners.

In the previous year the movements in the charity's funds were as follows:

Designated Funds
Hardship fund
Training fund
Events and projects
General Unrestricted Funds
Total Unrestricted Funds		 Opening
Incoming
Outgoing
Transfers
Closing
balance
resources
resources
balance
2024
2024
2024
2024
2024
£
£
£
£
£
8,956
-
(2,270)
-
6,686
-
800
-
-
800
-
8,368
(7,028)
-
1,340
8,956
9,168
(9,298)
-
8,826
146,112
205,672
(185,700)
378
166,462
155,067
214,839
(194,998)
378
175,288

Page 13

GRACE CHURCH, CAMBRIDGE NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2025

10 Funds (cont.)

Restricted Funds
Training Fund
NCA School maintenance fund
Northstowe Plant
Romania Missions
Ukraine
Walkers
The assets and liabilities represented by the various fu
Restricted funds
Unrestricted funds		 17,642
59,722
(26,469)
-
50,895
800
-
-
-
800
12,602
96
(12,320)
(378)
-
-
541
(454)
-
87
-
181
-
-
181
-
1,044
-
-
1,044		 17,642
59,722
(26,469)
-
50,895
800
-
-
-
800
12,602
96
(12,320)
(378)
-
-
541
(454)
-
87
-
181
-
-
181
-
1,044
-
-
1,044
31,044
61,585
(39,244)
(378)
53,007
nds were as f ollows at 31 December 2024:
Fixed Bank & cash
Other net
Total
assets
balances
assets
£
£
£
£
-
53,113
(106)
53,007
776
175,837
(1,326)
175,287
776
228,950
(1,432)
228,295

11 Transactions with related parties

During the year the charity: a) received donations totalling £69,574 (2024: £27,804) funded by related parties (which includes trustees and anyone closely connected)

Except as disclosed in note 5 'Analysis of staff costs', there have been no other transactions with related parties during the year.

12 Members

Each member of the company commits to contribute if the charity is wound up an amount of £10.

Page 14

GRACE CHURCH, CAMBRIDGE

DETAILED STATEMENT OF FINANCIAL ACTIVITIES WITH COMPARATIVES

FOR THE YEAR ENDED 31 DECEMBER 2025

Note
INCOME AND ENDOWMENTS FROM
Donations and legacies
3
Investments
Charitable activities
Other
Total income and endowments
EXPENDITURE ON
Charitable activities
4
Total expenditure
Net income/(expenditure)
Transfers between funds
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
10		 Total
Total
Funds
Funds
2025
2024
2025
2024
2025
2024
2025
2024
£
£
£
£
£
£
£
£
171,210
192,556
500
9,168
79,360
61,585
251,069
263,309
2,991
3,830
-
-
-
-
2,991
3,830
-
8,368
8,619
-
-
-
8,619
8,368
723
918
-
-
-
-
723
918
Unrestricted Funds - General
Unrestricted Funds - Designated
Restricted Funds
174,924
205,672
9,119
9,168
79,360
61,585
263,403
276,424
188,635
185,700
8,235
9,298
64,094
39,244
260,964
234,241
188,635
185,700
8,235
9,298
64,094
39,244
260,964
234,241
(13,711)
19,972
884
(130)
15,266
22,341
2,439
42,183
(18,144)
378
1,297
-
16,847
(378)
-
-
(31,855)
(20,350)
(2,181)
(130)
32,112
(21,963)
(2,439)
(42,183)
166,462
146,112
8,826
8,956
53,007
31,044
228,295
186,112
134,607
166,462
11,007
8,826
85,120
53,007
230,734
228,295

Page 15