Grace London Report and Accounts Year ended 31 March 2022 Stewardship Ac[igenerOSItY 1 Lamb'5 Passage. London EC1Y &48 ¥1¥.&1eWardSh1p.0ry.Uk
GRACE LONDON CHARITY INFORMATION FOR THE YEAR ENDED 31 lAtCH 2022 Trust8 Andrw4 HasLqm Danid Hutton Imignod 15 Jun¢ 20211 Luke 808rdrrqn Huw Ntrwton41ill lappryntJ 15 June 20211 Thomas lapptynhj 15 20211 Staft dw HasLgm Gowmlng Docwnont CIO Constilutitin daknj 1 ADr 2015 las 11 Aprfl 20211 Ch¥lty Reglstratlon NnbOT 1161147 Prln¢lpsl Addrw• Urnt 124 Edirt+uryh Hou88 170 Kenn1ThJft La Lorthn SE11 5DP Ind•p•nd•nt Ex•mlTr4r Lkn• Oarby FCA Skn¥rds1P 1 LartS'8 PaMty• LMdon EC1Y8AB Bank•r• 25 KirrfJs HIAwiu ng8 Hlll West Malkng Kent ME19 4 HSBC 28 Borough H3h Strt Lorthn SE1 IYB P0• Charty Inforrn8t Trustees, Annual ReFNt Independent Examirt8 Rewt Statement of Financial Aciwrooi Balance Sheet Cashflow Statoment Notes to the Accounts Detailed Statement of Finanraal ACMES wth 24 I11 12-19 Page 1
GRACE LONK)N TRUSTEES. ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2022 The trustees of Ge LoThkn (the 'Church- or the"char[l. beiTrJ Amdrew Haslam. Luke Boardman. Huw Newton-Hill and Thoma5 Wheatley (the "Trustees.). have pleasure in subfnrtting this report lthe 'Reporfl and the accounts of Ihe Church (the 'AcC(nts.) for the year ending 31 March 2022 Ilhe 'Relèvanl Perio(ri. Objects of the chanty The Charity is a charttable ino)rw)rated organisation arxl is govemed by its o)nstitub¢)n which was established on 1 April 2015 {as amended on 11 A1 2015) lthe"Consbtution"). The objects of the Charity, as set in thÈ Constiiubon are to adVce the Christian faith for th benefit of the public in accordan the Ststemenl of Fath in LorKlon and in such other part5 of th8 United Kingdom and the worfd as the Truslees may from ts"me-tt>time think fit The Church's Statement of Farth is apFended to the Cons1]tu and set out on the Church's website lgrace.londonlstslement-of-farthl. Summary of the charitys main activitiès and achigvements To further the above objects and wsion of the Churth, the Church'$ main VIbeS and achievements during the Relevant Peric¥J wère as fol.. Core Activities.. During the Relevant Period. the Church contind to Lbndertake its regular o)re activities, comprising." 111 tsvo separate weekty Churth swNices, hekl on Sunday momiros and evenings. ctsnsi81ing of expository preaching from the Bible. (x)rtKrte sung vrtarship and prayer. sharing of the Lord's Supper and Childn'S ministy fservTces"I,' 121 COTnmunty'Life Groups. vthwe people 9attw to share fty)d arKI fellcmtship and study the Bible and pray l(NJether,' and 13) mththly corporate prayer worship meetings. Prior to 19 Juty 2021. these athtses were ec¥)ducted in a rE8tricted fashion in adan with the UK Govemmenfs Cov119 mles (the "COVID Rulesl. However. follorj 19 Juty 2021, the COVID Rules were lffted, and the Chur(a) wa5 able trj ¢(.ue ts artivibe5 freely. Throughout the Relevant Period, the Church maintained a polw ensuring that all Chur¢h activities cOmY the COVID Rules. Prior to the lifting of the COVID Rules, Chur¢h attendan Yras less than the average attendance in March 2020 {i.e. prior to implementation of the COVID Rules). However. folk)w"ng the lrfti.ng of the COVID Rules. Church attèndance steadity grew $0 thaL at the expt'ry of the Relevant Period, the average Sunday attendance across the SeNces was ccmparable to March 2020. The Trustees also esb.mate that the Church membership grew a¥ 11 meMrS were added. while 8 moveil on. Children s ministy". Children's ministy ¢ontinued at the SeNces during the Relevant Period. All volunteers were required to Comp barA(ground check5. have training the children's ministy leader and nfirM their understanding of and ccffimilment to the Church's safeguarding wlw. Page 2
GRACE L014DOII TRUSTEES. ANNLIAL REPORT FOR THE YEAR ENDED 31 MARCH 2022 Summary ofthe charitys main activibes and achiev•ments {¢ontinuedl Evangellsm.. During the Relevant Per, Ihe Church continued in its efforts to share the good new6 of Jesus Christ those 0 do krTh¥ him. This was prinupalty done through". 111 'SaJt LNe' events. wh¥e Londoner5 from all walks of lile cxjme together and engage face-to-face on matters of faith and philosophy I'satt ve.1.. and (2} the 'Salt Course,. a course designed for pwjle wanbng to extdore life's big questions from a Christian perspeth.ve lthe'salt Cwrsel. As a resum of the COVID Rules, Salt Ve wa$ SUSFerKled until Septemtser 2021. BeNYeen September 2021 and March 2022, we held four Satt ve events. ab the Chrisban farth. anxiety, psychology and human identity. Eh event was well attended. vthh e.80-1CNJ attendees at each event. Prior to the lifts'ng of the COVID Rules. the Salt Course was held online, w7th a Sall Part Two group Yknich ran from Jan 2021 to July 2021. Satt Part groups ¥e groups for non£hristians and rfftv Christians to look further into the person of Christ Once the rules re lffted. the course was hdd irpperson again las it had been beforts the implementation of the COMD Rule51. Cwrses were held in Odober .21 and FÈb '22. The Trustees èstimate that C.450 people attended a Salt CCIJ during tl Relewdnt Peric. Thè Relevant Period was a fruitful b"me, as God conlinued to move in the Church cx)mmunrty. During the Relevant Period, 12 pèople were bapts"sed. All glory to Godl OtherActfvities.' The Church arranged a numl)er of events and vay-days during the year whith are an opportunity for Church member5 to gthr together. deepen relationships. enjoy times of corFY)rate sung worship and prayer and hear exwsitLYy frrxn the Bible andlor receive trainiro from the Elders or other leaders. During the Relevant Period, these events wLj (1) monthty men's mrnisty,. 12} a men's weekend away,. 131 W•ren'S events; 14) weekty mum's group," 151 the Cty Felbw5hip, a discipleship course focussed on under5tsndirg G(Kl's purpose for wck'. 161 a number of leaders. away days. and 17la women's bible sturfy. Folkming the 1tfb.ng of thé COVID Rules, the Elders are plannirvJ a Churth weekend away in 2023. wll be the first sitK* 2019. Thére We al$o, as afvRys. many informal. Ot(one disthpleship meetiry as wEII as cthÈr acphoc vneetings happening through0 the Relevant Perityj. In planning the bvthÈ$ the Trustees ha appfied guid on publ berfft issued by the Charity Commission. Staff team There wÈre three additions to the staff team durirKJ the Relevant PericKI as eJrch activrties suMed followng the lffting of the COVID Rules, requiring greater operab.onal oversight. Zach Kellett joined as a full-time Operations Cix)rdinator. Bekah Eggleston joined as a part-time welMe Coordinator and jor Thornejoined as a part-time Media CodInator. Page 3
GRACE LONDON
TRUSTEES, ANIIUAL REPORT
FOR THE YEAR ENDED 31 IAARCH 2022
Relationships with other churches and Individuals
Th¥ Tru81ees believe that the obJ'e¢ts of the Church are best acc¥)mished in relationship other
churches and people through movements such as Advance. Advan is a global movement of
churches partnering together to advance the good news of the Chrisban faith through plantin9 and
strangthening thurches Iwvh¥.advanc¢movemenl.coml. The Church has continued to benefit from it8
relatsonship with Advance during the Relevant Perioj. t1ugh regular Advance gathertngs were
prevented by loc&down. The Church continues to ènjoy irrfomial but dos• rolatiMship8 other
churches and individual Christians arwnd the world.
Stru¢tur•. Govaman and Managomon¢
Annual Gen•ralAl••Ung." Th• Annual General Meebng lor Relevant Penod was held on 15 June
2021 Ithe"AGMI. DurirvJ the AGM."111 Andrew Haslam reti from Off and was subsequ8ntly
reappointed as a Trustee, In accordance th clauses 13 aNJ 16 of the Constitution',121 Daniel Hutton
relSred from office definitivdy as a re8uIt of moving Way from Lorthn with his famity. As noted in the
Tru8tees' Annual Report for the year onded 31 Mar¢h 2021, the Trustees are inue
GRACE LONDON TRUSTEES. ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2022 Financial rgview During the year income inueased by £86.842. to £586,148. and experKIrtu increased by £122,918, to £359,915. As a resuli, the net ineome fix the year dewsed by £36,077, to a surplus of £190.233 and the charitys net assets irueased by the same amount. to £506.911. Net cuffent assets increased by £196.908, to £501,990. Inc¢yne in the Relevant vras predominantty due to the generous donations of the Churth community. Incomé increased in line vth the growth of the church, expendtture InCaSed significanlly due to the resumpts'on of (urch a¢"vrbes after the COVIt>19 pandern. Current assets increased signffi(sntty due to the incxeased surplus. Rent expenses increased by £26.868. to 13% of expenditures (FY20f21.' 9%). largely as a result of reGommenung nomial Church actives, al thereby usin9 the London Nautical Schotsl as a venue, fcAlobving the gradual easing and then Irlb'ng of the COVID Ruth. Total grant5 and gifts by Gra Londcn to miSsnary arnl charitable cause5 is 13% of expenditures IFY20121.' 13%). The bulk of thesè ftJnds1£36,1501 went tLywards SUPFM)rbng the work amongst the churches in the Advance netsrk. a fvrther £6,(K)O going towards chur¢h lie[ in the UK and abroad. £8.871 was given to grtls to missJn in the U At the end of the Relevant Period. the Salt Ministy restrhed fund was in deficit with no fiJrth8r donations antiripated. Thwefore. the tntstees agreed to ckne thi5 lund and deared the deficit from nStriCted furKIs. The Charrty ujntinLd to kyepare its aoXnts using the aorruals basis. Reserves policy The Trustees have prewousty determined that the cty should aim to hold unrestiicted cash of 1.5 onths, of payroll and rent expenditure {which equates trj al)out £35.0001 in thè designated fund for general re$Ve5 so that Charity (x)uld continue to OFerate should income and l or expendrture vary adversely. At the year end. the Chanty held unrestr.cted 5h in thè designated fund for general reserves of £34,986 and the Charity is Mpl"n9 its current reserves polw. Gin the gTfhth of the churc* in recent years and the irKrease in owational and stsff CA)sts. the trustees are undertaking a review of the reserves t)olicy during the 2022-2023 financial year. However, with an unrestriited cash balance of £355.126 as at 31103122, in addib.on to the designated reserve, the trustees a confident that any higher reqU1ment V•vuld Èe MfortablY met. K¢y risks and uncertainties The chartty is ex[¥)$ to vari¢)us risks - be owa1ion. finanaal or reputational. The trustees review the charitys activities regularty lo identify significarrt risks and. vknere wssible, they take appropriate measures to mits.gate those risks. or parbjIar note. the Truslees are trinsistenyy monitoring COVID and safeguarding risks, and erHleavcMJr to keep policies rdating lo both risks up to Pa5
GRACE LONDON TRUSTEES. ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2022 Plan8 for the future OUT hope looking ftsrd is lo start many new thJr(es, and to continue the sknv and deliberate wo of helping each person who ¢omes through our doors discovei more about Jesus and his amaang life. and find themselves amidst a famity in the heart of the ¢ity. Responsibiliti•s of trustees undercharlty law The trustees are responsible for weparing the trustees. annual report and the financial ststements in a¢xordarKe with applicable l• and United Ifjngd Aco)unling Standards {Unrted lfjngjom Generally Accepted Accounting pra¢ti). Charity law r8qui$ the trustees to prepare financi4 statements for each finanaal year give true and fair view of the State of the affairs of the thanty as at the balan sheet date and of its incoming resources and applicati of reSr. in(Jding irmme and eX)drtuFe. foi the financial year. In preparing these financial slatements, the trustees are required to.. 1. select Surtable accounting pdiaes arthj apptythem Consist,. 2. observe the methods and winc4ples in the Chwilies SORP; 3. make judgements arKI estimates that are reasonab and prudent 4. state whether the appl a¢(x)unting standards have been folltrNèd, subjeta to any material d8parlure$ disdosed and explained in the finan ststements" artd 5. prepare the financial ststements on a going concem basis UesS it is inappropriate to presume that the d)arty wll (x)ntinue in operation. The trustees are reswnsible for keepFrvJ proFer accounting reu)rds thal dI105e with reasonable accuracy at any time the finarKial pOS"0n of the charity and etwble ihetn to ensure that the financAal statements compty with the Charibes Act 2011 and the Charity {ArIts and Reports) Regulations 2008. They are also responsible fef Safu8rdir the assets of the charrty and hence for taking reasonable steps for the prevention and detec*tin of fraud and other irregularities. Approval This report was approved by the trustees signed on Iheir belkiff by.. LUKE BOARDMAN L3 Page 6
INDEPENDENT EXAMINEifs REPORT TO THE TRUSTEES OF GRACE LONDON Ilhe Charity) I report to the charity trustees on my exam1rk7tiL of the a¢Onts of the Charity for the year ended 31 Mard) 2022 on pages 8 10 20 foll¢xing. whth have been prEparèd on the basis of the accounting policies sel out on pages 12 to 13. Responsibilities and basis of r•port As the chartys trustees of the Charitable Irtated Organisab"on are spOnSible for the preparaD ofthe at$ in accordance 74thh the rUirements oflhe Chathes Acl 2011 Cih8 Actj. I repyjrt in respect of my examination of the CharTVs accxjunts CAniJ out under section 145 of the Act and in carrying out my examinab.on I have followeAJ all the applble Directions given by the Charity C(¥nmission urKler se¢lion 14515){bl of the Ad. Independent oxamins staternent Sincé the Chartws gTOSS in(xJme exceded £250.(iYJ yvur examiner must be a memtr of a tY listed in section 145 of the 201 T Act_ I confim that l am qualffied to tjndertake the examination because l am a member of The Inststlrte of Chartered Aco)untants in England and Waks. which one of the listed I have cornpd my examination. l o)nfim that no WItterS have o)me to my attenb.on in r))nnet"on the examination gtvir4J me cause to believe.. 1. accounting records were Th)t kept in res of the Charity as wuired by seclM)n 130 of thè Act.. or 2. the accounts do not aoxrd wth those c($.. or 3. the aG(K>unts do not cornp with appli(>ble requirements Corwrn9 th• fomi and content of accounts set out in the chareS (Accounts arKI Rew)rtsl Regulati(M)s 28 other Ihan any requirement that the accounls give a Itue and fair view which ts nol a matter cons*Je as part of an indepdent ex8minalion. I have no rnm$ arKI have come 4c¥oss no olher matters in conne¢tion the examination to which attention should be dravm in this rep)rt in order to enable a woper understanding of the accounts to be reached. Lisa Dartjy FCA The Institute of Chartered Ac&Atants in England and Wales Stewardship 1 Lamb's Paswe London EC1Y 8AB Dale.. 30th January 2023 Page 7
GRACE LONDON STATEIAEKf OF FINANCIALACTIVrnES FOR THE YEAR ENDED 31 AWiCH 2022 Totsi Funds 2022 Total Funds Funds 2021 INCOME AND ENL)0ENTs FROM: Donations and Bank interest 586.142 499.292 15 Total ineom8 and endtrwrnents 150 585,148 499.K EXPENDITURE ON: Chatab "Ve$ 395.915 272.997 Total eXndItUre 395.915 272.997 Net galnsll105se51 on In¥e5knen Not Incom{eXp0nd11e) 199.448 19.2151 190.233 228,310 11 111.6711 11,671 Nèt movement In funits 187.777 2,456 1j.233 226.370 Rocon¢illatlon of fund¥: Tota fw)ds brought foThthl 304.717 11. 316.677 90,367 Totsl lunds earried foranl 11 492.495 14.416 5&S,911 318.677 The statement offinandal a¢bth includès ajl gairs ar¥J tsses rniSed in ts year. l inc4)me &yndre d•ri¥e fr(Mn ¢xntinuirvJ operations. The notes on pwJe 12.19 fom) part ofthese accounts. PasE 8
GRACE LONDON BALANCE SHEET AS AT 31 MAJICH 2022 Tot•1 FuThJs 2022 Total Fund& 2021 FuThJs FuTrJ5 NXED ASSETS Tangible assets 4.920 4.920 4,920 4.920 11.595 11.595 CURRENT ASSErs Debto Cash at bank and in han¢J 29.601 4n.104 29.601 487.520 29,695 29).372 14,416 14,418 517,121 320,067 CREDITORS.. knounto fallln9 Iluo wlthln ono yoar 115.1301 (15.1301 114,9851 Nét euyrnnt aMts i (lNIttl) 487.575 14.416 501.990 305 082 Totsl M•8t• kn•• ¢urr•nt Il•bllltkn 14.416 506,911 316,677 TOTAL NET ASSETS 492.495 506911 316,677 FUND BALANCES Unresincted FuThJ$ Genernl ftJn(Is De5ignat•d lun 374.517 117.978 492.495 374.517 117.978 492.495 215,807 88.910 304.718 Ralthctba Fund8 14.418 14.418 492.495 14.418 5C6.911 316.677 Th• financkql 8tat•mnts w•ro appro¥•d by th• Board ofTrusts•8 SVdn•J on iti by.. LUKE BOARDMAN %q 1.25 Charity nurrber. 1161147 The nots8 cfi p898 12.19 fo part 0fth0 XLyJunlo. Pa9
GPACE LONDO FOR THE YEAR ENDED 31 IAARCH 2022 CASH FLOW STATEIAENT NolE 2022 2021 Cash flows from optrrntyng aetsvitl88'. Netcash pmvld8dby/(usedlnJ opernbnga¢iivll 199.070 208.268 Cash flfft from Inv¢5dng actlvities: Oivhlends. interest and rents trom invesbmrts PrKeetts frern the SO of property. plant afj •]WF¥rnnt Purchase of property. plant equiwent Protd8 from Sa of inVestrnts Purchase of invesb7nts 11,9221 16,3661 1.922 8,366 Chanplrt ¢•sh and•qulv8lents In the repothgpwlod Cash •nd oqulvalents at tho btgtnnlng oftht y•ar Ch•n98 ta•h and •qubvalont8 du• to ¢xchany• r•t• 197.148 290.372 199.902 90,470 C•sh •ndcosh •qulv•l•nts•tth• ondollh•)v 487,520 290.372 An111 of ¢h4nq•8 In rnt (bt: At *¥rt of At •nd of C•sh.fl¢ Ctth 29).372 197,148 487.520 Total ng¢funds I Id•bti 2.372 197,148 487.520 Page 10
GRACE LONDON FOR THE YEAR ENDED 31 IAARCH 2022 NOTES TO THE CASH PLOW STATEMENT Note a.. Reconcillan of net incW¢XrK1ty)lo r%t ca&h IlfroM okwating a¢tr¥iti 2022 2021 oclivities) 19)233 226.310 Adjustmenis for.. Depreuation charges and ptovision5 for I)wairTrt Ilncreaselldecrease wi dèbtors Increaselldecreasel in creditors Netcash provldedby(usedlnJ operalpfftJacbviltes 8.597 8.138 4.166 130,3441 199,070 208.268 Note b: Analysi5 ofcash ar cash equivalents 2022 Cash at bankwilh urrnedtate aLt 4B7,520 290.372 Total cash and ¢asb equiva*rts 487.520 290.372
GRACE LCDoN NOTES TOTHEACCOVNTS FOR THE YEAR ENDED 31 MARCH statutory Inlomiaiio The chartiy is a tha116 L¥gMsati [W•stEd wih Clwty in EThjn & Th8 thariV8 A¢¢ountlng Polkkns The8e fina 818tenwt8ar8 wepw•Y on 8 LW¥ t. urwJ¥ tho costvention. RepOj by Charthes wepanTrJ trr sExntS in Wilh the Fin¥ts•l Re9 StsndO a1¢¥e in the UK and of Irdand IFRS 1021 I'the ChantX5 SORn. Rewbw siandard ap8b io the ft9d and Repu of IralBnd I'FRS ior) and tr Charos 2011. Tho dwty meets dafiThbon ofa publicbbnth entsty as Set out In FRS 102. •(rnrd4nc¢ ith'knyJntirvJ 4nd Rwxtiw ty Chantias. Sl¥11 cl t +lJril 2005. bul thi• atyxunting siar¥lard has bew tttn re¢18 by fv Ch8th88 SORP Methn n the w801a paragraph. The olprity ha5 wepw•Y lfir In SORP." thdDrtUre from tt 2008 Regulabons Is to b•necwryfor T#)noai f•"r tru8t88s ha¥e asses8e¢ whethor th• w ol IN •pprcwwt¢ •nd ccffiwdered pUe avents or conthbons Ihat mvJhl c4St syniftcanl doubt 4knty of tho to •$ • gt4NJ The trL$t8 ha madè th •5ssment for n pBiiod of nt knt ¢)ne trtyn the dakn ol of 8th71. In partwlar bwst•88 have conshyered the chanty8 aryl rI)rA 8nd pjwtle and I CY èxwndituro vafy un8C1y. The trustws he Ih•l baw¢ i¥ a r¢• exp&#th that the dwty has ad•qLta rets0 oxlnue for ihe fore%•wtle knur•. to the wno )) b•w$ in Its bl Jos Induding Is wlcJ th• t•)rn •nb"UtsJ r•cpt, iNI ii¢Amt reCeity19 con be mè#JurthY ith W$ble <¥tsinty. and ftr•F4 1$ FLY th¢ most pwt mcome It gonerally rte4gniaad rt 18 rec•W. kyonly dpftrred th¢ has to [£01¢)&trOrÈ tted to li tho dorKr IrKcm•from ¢wIti•nd ats•s irdude&" 11 Recover#bk gift d. This 18 f•?> tr• lIj Gift •d that has rKrt been r•))w&J by thè b•i•n¢e sheei (l&ie is 88 adebby 111 L•gth. IrK%ffl• frcffl is 18 recibvJ the eyAe rx. rfo•rfw, oty tr•• The thty has th8 lh it onty aL¥Ay. tr Chroty•n t•foi, •nd IrKw¢ from don¢1 •ndtAnbkn thibes 1$ in res Exp8nOilure. lWIrj imKo¥w3t4e VAT. is wh8n it L8 •rnY rx. ife8rfi¥, a W1 ryconytDJthve oNlo8n fer Psyml arlses provided that it is seiuwthil %ll be r1¥uKl and trt amwit of LW'c¥) ¢an measured The tharity mak88 gr8ftts to cAher Ins¢httrtK and )JMduals ie luther its iathabk8 c"K¥es. Grts p3yaNe are TX)ynisad construcb¥e oWvJabons anse. gelY ¢hanty exrrt9$805 a to the tE(xF¥enl that can té mea8ur•Y The c05t of fLY)d8 is nol 8ionrfKanl¥d hBBntst beefi $4wratdyd0j. The Charifjes SORP requires chanties irxx¥nÈ £g)),t#x) to to vwicw thrbts uThJerfaken by th thwity. The natu ot of the LaritylthuNth bè so ffttsgrated Ihlt lh2 Lrkt48 8(wty Costs are Govemance costs, are IndLthd in exrwthure on charitswe thbe5 Ixrt are itified separaiety note5 to the tycrnunts. inGWBs 8S80Cd wlh tr* txaminatoi of the firWKl #alents, cornr¥ £vnstsbJbun¥l P12
GRACE LONDON NOTES TO THEACGOUNr¥ FOR THE YEAR ENDED 31 IWH W2 Acc¢uThtin9 PokiTrB (cont nbn General funds 8fe unrgstrthd fiJTrJs ¥Kh at tr% of fv trusw in fvJrttnCe of 98neral obJ'ethv8s of the charity. frJT¥Js crwise unr8Jthl furth th81 have tBll set asth ty ts ITu5tees for p8rbcuL8r Irdude Cbnalns reciy•J kn pS vyfic fithids are donati$ thai are rthn8d as Items wtthasd ot d•t• fr)r the cs8t wthe fair value of doTwtsd itsms, is mre than £5(N) afyj Tr rtjm 1$ tts benefft than ejnn9 Fertsj. OeprerAalion is charged on a ¥traKJhl lirrf baTA8 50 85 ¢knffj el each asset to rt8 8Sbrn•J Irf any) over its O¥PeGknd EquikNMnt Ira 10 7 >ar¥ dic4t8 th4tth8 thnq rroy ry>tb8 The charity operate5 08fine¢Y hy ¥•. Ot4Wtiw ts) tr¥e sctsnes IndBpondenOy administsr¢d fiJnd& income. Tho thaiitys firjaI I¥¥ aThJ finarwi Wl •$ C 88 by FRS102. Éxcpt for loans. Cdi10 an¢ d8btrJrn arè rred at th•ir •xpethd ••Wernl IrThrn•ly thè art01 cath tho charity oycts to p•y or r•c8Nel. ch8rty recoqni8e8 Iithlitts of trlat rmal ¢t4AndIng • th• y•Ar •nd li O th• IwbllilN8s 8xd5ny Intef•¥¢ ts)8rg•ab on in fvlwe ywsl. The Iru$tees do not uJn&thr ilat are Y e¥tsmAts •t the balarw thiei dat* M coukl Danations olc88h aThl $miL8r 48S,SI0 409.048 20.701 499 292 P42 13
GRACE L¢)NDC4 NOTES TO THE ACCOUNTS FOR TrEVEAR ENDED 31 IAARGN 2022 Charltabk•xpAndknY• 2021 cts incurFvd dirKty on spKlfir Books & Tr&nino Matsri ConferenLY Fees Confeienc Fcthy & Aeomns>Jbcn Ctrop5 General Ewen88S osplalrty Food aNI Dri Pastoral Meetyngs Ewse5 Pathin0 HonornnLrn% Hwtydty RBnt 630 1,796 10,554 3,257 25,807 1,010 I6) 1.402 1.691 79 1.046 24,095 34,330 1,958 52. 49,766 147 479 63 283 cts InGUFrqd on •upport& adffl1nI•trn Govèmanctr costs Indewndenl exann0teO 2.100 4,080 2,100 B8nk F••8 D8wed8VM Exp• Employtrn NAtiC Ifr Insurance IT Soare and Censumabbs 2,277 8,597 14,083 1,214 4.917 1,340 8,136 10,164 1,222 15,4 2,757 11,915 penSn8 Postage. Fr8iaht& CtyJrier Profestsl Prinbrvj. Ewlprwt 13.829 2.670 2,833 1,788 148.938 180.088 541 Teth. Audio sU11 Burwt Staft ExFen5es 81wVowry •n(l Offi¢¢ &pF41•s T•l•ph¢)no & InMet Trnval. IntemOti1sMI Tra¥el. NalJn4 1,1C¥J 1.670 817 1.313 1.708 248 436 137 Totsl wpgrKl#yr• 395 915 The fee pllyab 10 ts indèpwdent l)• É3.8ty)12Q1.. £2.1ty)I', in 10 th¢ charity wd £63012021.. É150lto StW8rd8hip for r£ffjxdt4rKy w¥ Pw14
GRACE LONDON NQTES TO THEACCOUNTS Fcfe YEAR ENDED 31 IIARCH 2122 Charttablo•xpendUIv 1coniinul Grams payab[8 1ncjudedth thefigweftrGrant8& Gffl5in nc4a fc4kw¥.' 2022 42.451 42,4S1 6.9 8.000 48,4S1 48.451 InsttJbs Inthvidus 2021 Grantsftr UK rnisshjn 24,920 24.520 9.410 9.410 34.330 34,330 2022 2021 Athance Nek UK Advance Netwuk Gkkn ope Churr Vauwhall Emtrbanuel Chur Grwrwj Chur(. Ara Covwj Rf cOrryn Gr(xJrxl Churth. Madagasrgr 33.451 6,380 2,971 6.000 42,4S1 24,920 2021 GrosSW8gesand sal¥ 180.D89 14.083 13.829 208.ry)1 171 015 The aver&Je mcthly number of amp$ (#Jrir#J ts JEar was 6.9 13)21." 5.41. Pknt (rf the bwtses are carried out by oluntsers. 148.936 1D.164 Pen thariws key management crmw truths ar¥J thp W stsff oam&4 the Chatity Infb pagB. Tow empluymenl benefits pay8tle lo keyman•3emBnifurts year weas Wy5% 2022 Andrp* Ha819m 5,280 4.400 71.280 59.400 130.680 ,000 The folknwngaMtyJntsre payth W•Jes & per Trustees." Andrew Plaslam 59.400 51,300 110700 47.500 15
GRACE LONDON NOT&% TO THEACGOU14TS FCII THE YEAR ENDED 31 MARCH 2022 Tangib fixed as¥ets Fiktijres. ngs aThJ uipttEnl Total 20 At 1 ADril 2tr21 Ati$ At31 2022 42,105 42.1 44,027 44,027 Aoxynulated dwe(iat¥)n Al 1 Apnl 2021 Charge frthe year At 31 Marth 2022 .510 8.597 39,107 30,510 8,597 39,107 Net W val At 31 March 2022 4.920 At 1 April 2021 11.595 11.595 Debtors 2022 2Q21 Falling duetthln oney•ar Tax re(x)v¥abbe Ttyde debtors Otherdebtor5 Prepayments iruxne Tow debtots 11.155 21,n8 14,101 3.268 29.601 Cash at Bankand Hand 2021 Cash at bgnkTrhith imrredk 487,520 290 372 Crwditors.. Ik3bilrbestalliw dfftwithin OryeAr 2022 2021 4.10 GtyttoblvaatiS 3.508 fj.301 15,130 8971 14,9 10 Ptytslon cofflmitmerts sion stherw No b**V2 5t8 (2021." £6QI. 16
NOTES TO TrIEACCOUNTS FOR THE VEAR ENDED 31 IAARCH 2022 11 Funds in the yeaf 20rd b8kgDce 2022 2022 DoW78led Furtls Gen¥81 reseryes &ving tOAd WantTry Mercy Furwj Warchest r grant gMIVJ 35.fy)1 12561 10.475 (211 33.707 110,475) 27.151 27.151 34.986 (33.4511 70,641 115.Cts)I 88.910 148,4511 1338,0991 77.513 117,978 215.807 189,1831 374,517 TotA UrrfulrfLd Futh(l• 304.717 1388,$501 492.495 t rnllll8trylhJr +brty Fund 1,488 10.475 150 (9.1751 4,131 14,416 11. 1S0 (9.3851 11,871 14,416 Aggrty4to 316.67T 586.148 1395.9151 806,911 al Fundsare transferrJ Unre5trKd Fw19kn Deyonattrj FLfo wrwB88 c4gMrvJ to thb klovornenl il¢Jlno a War c)8rcauwb•W ywjrLn80f thechaW5 Irwr•. l The t ministryfr thJrfrvJ ¢k•&t"Croar•WrtKthd 0efi(Jt¢je frcrfTr unr•strKaod fLThI$ AN•1 of n•t ••MIg bylund TI and ligliteS olih• VArIf$t10OIf¢1tsYrt' fuThJ8 2022 Tarsiblefixed a¥ets Debtot5 Cash ai bankand in Credilrystslliw ¢YwIthn c¢ 4.920 29,601 487.520 115,1301 29.601 355.12 115.1301 117.978 14.416 374.517 117.978 14.416 506,911 17
GFIACE LONDON NOTESTOThEACCOVNTS Fcft THE YEAR ENDED 31 IAARCH 2022 11 Fund5 (conynd) ow.rg Ir%3JniwJ Outyxng TSferS in theyear 2021 CJng bgan 2021 2)21 2021 2021 23.557 12561 15 11,429 15.949 35.OD1 12561 10.475 43.690 Giwn9 to AdvarN granifur Mercy FLThJ War Cf (XhergrantgMrKJ 115,9491 13901 10.865 43.690 17.971 23.1 10.880 134.310) 89.D39 86.910 66.661 476.462 (238.29n {89.D39} 215.807 B9.982 487.342 1272.6071 3D4.717 Retikd FuThYs Sall rThnistry IlurKI Furxl 1.1(X) 10.865 1,485 10.475 1390} 365 11.965 13901 11.960 499.X Z99n 316.6TT Anatysis of netttssetsbyfrthd Inthtr tevK)us wr. the assets8 liaL¥libes trftr Y*xtsfiuxtseasfdkA¥s. Gwwal Restyicieis fun(ts fiJThls 2021 Tangl8 fixed asse Debiors Cash al bankatsj in hand Creditors falliThJ dlewtrin re yr 11.595 29.695 189.502 114.9851 11.595 29.695 290.372 114.9851 88,910 It. 215.807 88,910 tl,960 316.677 Paje 18
GRACE LONDON NOTES TOTHEACGIXINTS FOR THE YEAR ENDED 31 MhRCH 2022 11 Fund5 {cothntd) GeNal Resewves Fund." CtirJen1 furkys fty U fina[¥) The use of trÈ5e funds are yoveffted ty the trustees, reser¥es WILY. tuch tarpts a of an avrye L 1 5 mLY)ths of payyoll and rent payrrents, Giwng trIAdVan gr8ntfvThY." Funds dpwgr• forfLdfilling Ttuees' wrvj tl&SJe tc S[xyt fir4Naally. the Advance NetW(k,5 operatsons In the UK and Intwnabcrtalty. Neitratsfers of£33.707rÈrnade m FY21f22 IFY20t21". £15.9791 from 9ener fund$ into thi5 degnat&J trfiJffil pbJse5 in the UK aThJ Other Giwrtg grant fund" Fund5 degnatell for fuffiiiing he Tnthe5' wrry givrvJ tt) OTwisatsoths and IndidlS In trir owabons to further th'ecbves wth Gr¥t LL¥Kkn'$ w are b2nefiriats¥ of support as thstsrrbed bylhe Ttustees Net tsansfers Df£27 151 we maae in Ff21f22 IFY20f21 £17.9711 fftn gerwJ frJrvJs ts) tri8d8gnabJ fijnd tofu1 dl%xebcry to thewisats)ns * inthvKAJal. Sait Ministy fvrK1.' FLtrvJs began t•rwJ lIJ in FY18119 aTrJ are res1 kx#pose of ts sa amir¥ lo engaotr Londoners on iueS of fath. Wloscply and lrfe thrw and (x)urses. With the fiwrshirw of ihts rrnisty ar expenditure ¥Agnffi(y e¥LYednJ Wd5 frcm gerwal furvJ5 to rkne rethtfyy fvnd at thÈ end of b fin3nual w. rw Fund". seknp in 2020tr hp anthEWrth and Y4)pcrt 12 Tran5actioll with related Wti05 theyear ts chatty. al [1Ved dorthons j.074 I21. £65.gXTrI relatsl rxbes iTrJJes knuxs. any Lther rremters of bl paid no expenEes12021.' £0) to. trfur, Ihetyuaees lIst(xrrr tyjtdutss a<7}1 bNJ trustees.. ramtwvsementsfor seNny asa tru5teeare not IJNS P*Je 19
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