Company registration number.. 10973272 Charity registration number.. 1175373 Grace Church Nottingham (A company limited by guarantee) Annual R¢port and Financial Siatements for th¢ Year Ended 31 August 2025 Cornmuniry Acu)uniing Plu5 Units l & 2 North West 41 Talboi Street Nottingham NGI 5GL Grace Church Nottingham Contents Referen¢e and Administrdtive Detai15 Tn￿tee8, Report 2to8 Independent Examiner'5 Report Staiement of Financial Activities Ioto 11 Balance Sheet 12to 13 Ststement of C&4h Flows 14 Notes to the Financial Statements 15to26 Grace Church Nottingham Reference and Administrative Details Trn$tees Mrs L.E Hay Mrs E.A Topliss Dr J.D.S Walker Mr M.J Matthews Dr l.A Udueni Mr B. Topliss, Senior Paslor Mrs E.A Toplis5, Senior Ministy Asso¢iate Mr J. Potter. Associat¢ Pastor Mr C. Barton, Worship, Communication & Media Mrs R.N Bunker, Home Groups. Discipleship Y¢ar and Baptisms Senior MaDxgemettt Te8nl Chartty Registr*tion Number 1175373 Company Reglstr%tlOD Number 10973272 Reglstered O(flce The Ministry I Castle BoulevaTd Noiiingham NG7 IFT Eva Stevens. employee of Community Accountillg Plus Units l & 2 North Wesl 41 Talboi Str¢ct Nottingham NGI 5GL Lloyds Bank PIC 25 Gresham Streei London EC2V 7FfN Co-operdtive Bank 15 Eld¢r Way Chesterfjeld D¢rbyshire S40 IUX Independent Ex4DJiDer B¥nkers Pa8e I Grace Church Nottingham Trustees, Report The tru$iees, wlKTr are directors for the purwses of eompany law, present th¢ annual re￿rt iog¢th¢T with th¢ rinancial ststements of the charitable company for the y¢ar ended 31 August 2025. Trnstees #nd offlcers The tsustee$ and officers 5ervin8 during the year and since the year end were as follows: Tru51¢es.' Mrs L.E Hay Mrs E.A Topliss DT J.D.S Walker Mr M.J Matthews Dr l.A Udueni Structurey governance #nd management Nol4re of841verniug do¢Mmenl The eharity 15 a company limited by guarantee and registered charity. It is operat¢d und¢r the rules of its memorandum and articles of association dated 20 September 2017. It has no share ¢apital and the liability of each member in the event of winding-up is lirnited to £ l. Recr¥iimeni 4hd4ppoinithenl oftrusiees New trustees are appointed by the l¢aders of the church and pa&sed at & meeting of trustees. There is a r¢quir¢d minimum of three trnslees and a m&ximum of 12. Ind¥ehon ir4ining oftrusiees The tn]siees are already familiar with the work of ihe ¢harity as they are drawn from within the church memb¢Tshipl congregation. The trnstees have induction procedures to ensure new trnst¢es understand their roles and obligations. As pan of these procedures, lrnstee5 are encouraged to attend appropriate internavexternal trdining evenis io f8¢ilitaie ihe underEaking of their role5. ArraNgeAtenlslorsetting key manAg¢meniperstsnw¢lrem*ner4ti0ft The salary of key management personnel 1$ reviewed annually. The trust¢es b¢nchmark againsi pay levels in other similar organisation5. Organis￿$10￿*1￿tr&eluIe Th¢ managernent and administration of the ¢harity is under the control of the tr￿le¢S who me¢t six times per year. Day to day operational matters are delegated to the church leaders. Pa8¢ 2 Grace Church Nottingham Trustee51 Report Objectlves ¥Dd aCti￿11eS Objecls anddims The objects of the charttable c¢)mpwny are, foT the benefii of the public.. . The advancement of the Christian Faith in accordaDce with the Staiement of Beli¢fs and the worship of God in Nottingharnshir¢ and elsewhere by ally means whatsoever including. bui not limiied to. the preaching and proclamation of the Chrisiian Gospel and the teaching of Ct]ristian doctrine and prin¢iples and the pasioral ¢are of Christian Exople and the priniing and di5tribuiioD of the Bibl¢ and Christian literature including video artd audio re¢(Trrdings (Trr electronically and by any other media which is or may become available. . The reli¢f of persons who are in conditions of need, hardship or distress or who are aged or sick. Stwtement of Bellefs We believe in.. l. The one God who lives ¢ternally in thre¢ peN)ns- tbe Fathei. th¢ Son and the Holy Spirit. 2. The love, gr#¢e and sover¢sgnty of God in creating, sustsining, Thling, r¢d¢eming and judging the world; 3. The divine inspiration and supreme authority of th¢ Old and New Testament Scriptures, wlll.ch are the written Word of God- ￿llY ttwtworthy for faith and conduct. 4. The dignity of all people, made mal¢ and f¢rnale in God's imag¢ to love. be holy and care for creation. yel omipted by sin, which incurs divide wrath and judgement; 5. The incarnation of God's elernal Son. the Lord Jesus Christ - born of the virgin Mary; truly divine and truly human. yet without sin; 6. The atoning 5acrifJce of Christ on the ¢ross.' dying in our place, paying the price of sin and defeating evil, so reconciling with God. 7. The bodily resuryettion of Christ, the first fwits of our resurrection: his ascension io the Fother, and his Teign and mediation as th¢ only Saviour of the world: 8. Th¢ justification of sinner5 Solely by the b￿a¢¢ of God through faith in Christ. 9. The ministry vf God lh¢ 14oly Spirit, who leads us to rq)enlan¢e, unite5 US with ChTl$t through n¢w birth. npowers our di￿lpIts￿Ip and ¢nables our witness. 10. The Church, the body of Christ both local and universal, the priesihood of all believers - given life by the Spirit and endowed with the Spirit's gifts to worship Gtyj and pr￿laIM the gospel, promoting justice and love; I l. The personal and vi5ibl¢ return of Jesus Christ to fvlfil the purposes of God, who will raise all people to judgem¢nt. bn'ng eiemal life to the rede¢med and ei¢Tnal condemnation to the lost, and establish a new heaven and a new earth. Pag¢ 3 Grace Church Nottinghan) Trustees, Report AehleYement5 aDd performin£e IDtroducdon to Grace Church 10 peopl¢ came to Nottingham from other churches across the UK in 2002, to make Notttngham our home and to plant a church in the city. Our vision w8s to speak the good news of Jesus, serve our city and send people to serve tn other citt¢s and countries. Now, we are a church of over 600 who hav¢ bought a building in th¢ centre of the city. where w¢ meet across four congT¢gations, and it 15 from here that we continue to pursue our mi55i¢)n. Hlghlights of the Year Here are the highlighis of the significant activities undertsk¢n to carry out ¢he charity's aims for the public benefit, as defined by the Charitie5 A¢t 2006.. The River Church Newcastle.. The River ChuTch Newcastle launch¢d in September 2020 and is growing in ¢ongTegation size and fJnan¢ially. In late 2024 the River Church has become an independent charity as it aims io bless the city of Newcjstle. Compassion ministries.. Grace Church Compassion aims to lov¢ our city through servÈng its residents and meding their physieal and emotional need5. We njn a f￿dbartk which distributes fl￿1, warni clothes ond toiletra¢s every w¢ek to those in need. We also run a ministy called Family Hub which provides a welcoming space for farnilies in need many of whom are refugees. lo come. r¢¢eive signposting and 8 baby parcel including forn)ul4 nappies and Lloihing. There is alsts space for chtldren to play. These minRstries serve hundreds of people eacb year and provide a great opportunity to welcome people* pray for them and share the gospel. A number have come from Family Hub to attend Sundays and Christmas events. We also run a weekly mental health support group. Wednesday Service.. We have a Church congregation which meets every Wednesday and aims to share the gospel and help people live as Christians. We minisier wryth many who have significant pastoral issues, including backgrounds in addiction and hoTnelessne5s. We airn to b¢ as accessible a5 possible and share a hot meal together each week. The service has an avera8e attendance of 55 people and th¢re is a wider community of around l 00 people who we ar¢ in regular ¢onto¢1 with. Alongside the congregation are a number of related home groups. We have weekly groups for m¢n and won 2nd a separate group designed to h¢lp those ill recovery from substance addrction. Fit)ally, we run our annual Chrisknas even¢ now a carol servi¢¢ wth a Christmas dinner. We had roughly l 00 people at the carol service and wer¢ able io provide gifts that had been donated by Cornerstone Chwch Nottingham. Page 4 Grace Church Nottlngham Trusteesl Report University students: We activ¢ly seek to reach out to university students at The University of Nottingham and Nottingham Tr¢nl University to help suppon them in university lif¢ particularly those who are new to university and Nottingham. We have a thriving and active community of over 40 sNdent5 who we seek to support in their studies and help prepare for working and family life. Several of our swdents are involved in leadershtp positions within the Christian Unions at Nottingham University or Nottingham Trent University. W¢ seek to support ond ￿1$1 ibem as they tell other5 about the Christian messagc. Youth Work.. All who work with youth are DBS checked. Our Tuesday night youth group continues to offer a place for 11-18 y¢ar-olds to come and build relationships and hav¢ fun and is w¢ll attended. Our Youth on Sunday join in worship at the I1..15am servi¢e and then study the Bible together ￿ a group. Children.. All who work with kids are DBS ch¢cked. We run a program of activiti¢s for chililren and young people from O-18 ycars at ow Sunday meetings, catering for roughly 80 children each week. We also ran our Light Party in Octobcr 2024, a free event for children of pnmary school age, with over 75 children attending. Our parent and toddler group, Stay & Play. continued to grow and peoked at over 80 moihers and children, though we often sthye around 70. Relief for those in need.. During 2024-25 we continued to ¢ngage with and support the following charitable organi5ations both fin8noially and through recrniting volunt¢ers'. Jericho Road Proj￿1.. a miThisty that cares for those involv¢d in th¢ Sex industry: protecting them and PTovidin8 a r¢storaiiv¢ route back from their work: back into the ¢ommuniry (our 12 O'clock service) onc¢ prisoner5 are released. Open Doors: a Christian charity working in over 50 countries to supply Bibles, train Church leaders, provide praciical support and ernerg¢DCy reli¢f, and support Christians who suffer for their faith. Alph&.' W¢ hosted an Alpha eourse in person in the spring temi wbere people are invited io ¢xplore Chn'stianity and whai it means to follow Jesus. We saw over 50 peopl¢ attend these courses. Levs Go. Love Nottingham.. In June 2025 as a Church, we shared the Love of G(￿ with the people of Nottingham. in word and deed. focussing our communiry activity in the Meadows area of the city. We ran a 3 days of project work with more than 100 people involved each day. We cleared over 10 gardens, prayer walked around thc area, ran an afternoon tea in a residential home. litter pi¢ked, did first contact evangelism, worshipped on the streets and iidied local parks. The 3 days of activity climax¢d on the Saturday wilh a fun day where we had around 1500 people attend and enjoy the aeiivities provided. Month of Prayer.. In January 2025. we began the cal¢ndar y¢aT with a month of ev¢nts fo¢used on prayer. In part, thi5 was to help us begin the ycar well. at a lime where lois of peopl¢ struggle io g¢t going. We produced resollrtes for people to usc in their omry) homes and lives. We found it helpful in ¥en¢rating prayer a¢tiviry and n)oTnentum in the life of the Church. . Serving & Volunteering.. An ovetvicw of th¢ number of volunteer hours given by people within Grace Church to Compassion ministries is a5 follows.. Estimated VolLmieer Hour5 - FoodbanklBaby Basics I,l)l)O 12 O'clock service 1,800 - Youth 81)0 Christtnas party 100. The above equates to around 6,400 volunteer hour5 for existing Compassion ministTies in Noltingham. Total volunteer hours - the total figure. atros5 all our activities. for those at Grace Church Nottingham remains con5id¢rably higher. at moTe ihan 20,000 hours. Page 5 Grace Churcb Nottingham Trustees, Report Publlc btM¢fil The trustees ¢onfirni that they have cornplied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales. OryAnl8atlon St8ti$ti£5 Midweek group5'. We continued to meet during the w¢¢k in Home Groups. These are groups of 8-15 people meeting in the homes of our mcmbers, some of whi¢h have the very ititentional purpose of reachitig out and blessing the community they ar¢ in. Stslfing and Organisational Strncture: Grace Church is led by teams of elders. tNsiees and strategic stsff. Withit] the team, all staff and those on the di￿1p]eShIp year have a line manager who ¢hey take direction from aNI are mentored by. . Training.. During 2024-25. we have run trainitig program2nes for staff, members & others. including: - A mallia8e pr¢paration course,. A course for Ib05e recovering from life-controlltn8 issues 5u¢h as addictton- Discipleship year (One Thing yeaTI.' 7 young adults worked voluntasily for the church for I I months of the y¢ar working 2 days a week. They received training in their specific area of work but also in broader work-related skills, including sessions on communication, time management and budgeting; Courses on readin8 the Bible. Stewardship cour5e$. Nottinghani Chur¢h¢s.' We have regular and active fellowship with the oth¢r city chur¢hes tn Ngttingham and are actively tnvolved in the monthly City Prayer group. We tome together to celebrate, pray and Collaborate on a ran8e of pwjects and ¥livities to help bless the City of Nottingham and to share the good news of Jesu5 with more people. Grace Connection Churches.. During 2024-25 we continued to benefit from our relationships with oiher ehurches in the Grace Connection network. Three times in the year leader5 and staff from these churches meet for worship, prayer and training. Extemal Support.. During 2024-25 we continued to benefit from our relationships with our external advisors Derek Tidball, forni¢r Principal of Londoll Bible College. and David Shearnw, an exE>erienced fomier senior pastor. Their inpui. trdinill8 and a(Ivice was ben¢ficial for our leadersh2p teams as we colllinued to move foTward with our vision. W¢ also continued to b¢nefit from Learning Communitics leadership team. a twice-ywly training cottt¢xl attended by our Fitt#thclal review Total income amounted to £707,550 {2024.. 721,055) of whieh £52,797 (2024.. 74.7701 was restricted. Expenditure of £708.210 {2024.. £701,371) wa5 incurred of which £66,030 (2024.. 80.3931 was for restriaed PU4M)ses. OD 31 August 2025, Ihe charity had Unrestricted fund5 Qf £801,171 {2024.. 798.2091 to spend. The tNsiees are $alj5fied with ih¢ financial posiiion of the or¥onisation on 31 Au8USt 2025 and are optimistic as T¢gaTds th¢ futur¢ in tern]s of the church fulfilling its 8rowih and other objectives. Poli¢y re$erve$ The tn]stees' aim is to maintain unrestricted cash reserves at a level which represents two months anticipated annualised expenditure acro55 the charity'5 unrestricted ￿nds. Based on these accounts, thi5 would hove necessitated a reserve of circa £107.000 at 31 August 2025. This target was achieved. Page 6 Grace Church Nottingham Trustees. Report Jftweslmettipolicy objectives The tNst¢¢s have the power to deposit or invest ￿ndS in any lawfijl manner. The management of investments may be delegated subject to the perniissions gnd conditions of the T]ustees Act 2000. Pla￿5 for future perlods Airns key vbjecliwesforlulureperiods Our vision for the future is rhat we would be a thriving Community, that reaches Nottingham with the gosp¢l and replicate5 this acros5 the UK. We envisage our Compassion Ministries going frotn strength to strength, including th¢ development of our atces5ible 12 0'¢lock setvice, as we continue io s¢rve the n¢¢ds of increasiThg numbers in the c.iry of Nottingham. Artivliies pl￿nn¢d to tTchieve oims Having completed phase l of th¢ Building for the future projecl we plan to continue to explore opiions for granis to make the first floor gf our buildillg ac¢¢$5ible ¢0 all. We will also continue to prows and courses such a5 the Alpha cours¢, foundations th¢ology cours¢, the bereavement Joum¢y, marriage course, and a Mental health support group. M•zjor risks thnd monigemeni of those risk The trnsteeq cgnsid¢T the main areas of risk to Grace Church Nottingham to be in th¢ areas of fllwirx, safeguaTding. our building. health and safety and human resources. We maintain a financial reserve of hvo months to mitigate ogain5t any unforeseen events that might impact U5 financially e.8. ieputational darnage, a problem with ow building thai didn'i allow us 10 run or a derline in th¢ cconomic Cnvironm￿I. An examplcs of a recenr ¢venl is the cost of living crisis. We have a safcgu8rding twsree along with safeguarding leads for children, youth and adults. This team update5 our child protcctlOD policy annually and also make5 siire that the appropriate people in the church have safeguaTding training and are DBS checked. Our building is rtgularly assessed and maintahned by a m¢mber of siaff. We have a tnjsiee and member of staff who are responsible for health and safety. They regularly review and updat¢ our healih ond safety policies and nlake sure that they are impl¢mented corre¢tly. OD¢ of our tn]stees is r¢sponsible for HR and ihey work wilh a rnember of staff ¢0 make sure that our HR policies are up to date. These h8ve been compiled in an employee handbook thai 15 availabl¢ to all staff. Lneluded in Ihe handbook are poli¢i¢s on whistl¢ blowing and how to rnise a ¢omplahni. Page 7 Grace Church Nottingham Truslees, Report StAtement of Respollslbllltles The tNstees (who are also ihe directors of Gra¢e Church Nottingham for the pujposes of company law) are responsible for preparing the trustees, report and the financial sthtements in aecordanee with applicable law and United Kingdom Aecounting Standards Iunited Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial R¢porting Stsndard applicable in the UK and R¢public of Ireland" The report and accounts have been prepared in accordance with the provisions in the Companies Act 2006 relating to small companies. Company law r¢quires the ttustees to pr¢pore financial statements for ea¢h financial year. Under company law the trustees must noi approve the financial sthtemenis unless th¢y are satisfied that ihey giv¢ a twe and fair vi¢w of the state of affairs of the Charitable ￿rnpanY and of the incoming resources and application Of re50ur¢es. including its income and expenditure, of the charitable eompany for that period. In preparing these financial statements, the trustee5 are required to.. select suitable accounting policies and apply th¢m ¢onsistently,' observe tbe methods and principles in th¢ Chariiie5 SORP. make judgemellls and estimates that are reasonabl¢ and prudent; state whether applicable accounting standards, comprising FRS 102 have been followed, subj¢ct to any material departures disclosed and explained in the financial stat¢ments; and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable ¢ompany will continue in business. The tn2Stees are resporJ5ible for keeping proper accounting re¢ords that can disclose with reasonable accurdcy at any tim¢ the f￿ancial position of the charitsble company and enable them to ensure that the financial stat¢mentS comply with the Compani¢s Act 2006. They ar¢ also responsible for safe8uardiDg the assets of the ¢han'table Company and hence for thking r¢asonable steps for the prevention and detection of fraud And other irregularities. The trustees are r¢sponsible for the maintenance and integrtry of the corFborale and financial inforniation included on the charitable company'5 website. Legislation governing ihe preparation and dissernination of financial Ststements may differ from legrslation in other jurisdictions. SMAII companles provlslon statement This report has been prepared in aceordance with the small companies regime under the Companies Aei 2006. The annual report was approved by the tyustees of the charity on 20 May 2026 and signed on its behaifby.. Mrs E.A Topli5S Tn￿tee Page 8 Grace Church Nottingham Independent Exgminer's Report to the trustees of Grace Chureh Nottingham {'the Company,) Independent examiner's report to the t￿9¢¢¢9 of GrAee Cbureh I'the Comp#ny') I report to the charity trustees on my ¢xamination of the accounts of the eompany for the year ended 31 August 2025. Responsibllltles and b#$ls of report As the Charity's Itustees of the Company {and dso 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 I'the 2006 Act,). Having salisfi¢d myself that the accounis of the Company are nol required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, J report in respect of my examination of your ¢harity'5 account5 as carried out under section 145 of the Charities Aci 2011 {'the 2011 Act,). In Carrying out my ¢xamknation I have followed the DiT¢Ctions given by the Charity Commission under se¢iion 145{5)Ib) of the 2011 Act. Independtrtt exan￿￿er.5 stat¢ment SiD¢e the Compan￿$ gross income exce¢ded £250,000 your examiner must be a member of a body lisi¢d in section 145 of th¢ 2011 Act. I confjrni that l am qualified to undertake rhe ¢xamination because l am a tnember of the Chartered InstiNie of Public Finance and Accountancy ICIPFA), whieh is one of the listed bodies. I have completed my examiDation. l ¢onfinn that no matters haye come to my attention in connection with the examination givin8 me ¢au5e to believe tha¢ in any rnaterial respect.. accounting records were not kept in respeci of the Company as requhred by se¢tion 386 of the 2006 A¢t- or 2. the accounts do noi accord with those r￿ords. or 3. th¢ accounls do not comply with the accounting requireM￿tS ol se¢tion 396 ofthe 2006 Act other than any requirement that lh¢ accounts give a 'true and fair, view which is not a matier considered as part of on ind¢pcndcnt cxamination- or 4. th¢ accounts hav¢ noi been prepared in accordance with the methods and principles of th¢ Statement of Recommended Pra¢li¢e for accounting and reporting by charities lapplieable to charitics preparing their accounts in a¢cordan¢¢ with th¢ Financial Reponing StsndaTd applieable in the UK and Republic of Ireland IFRS 1021]. I have no concerns 4md have com¢ across no other matters in eonnec¢ion with thc examination io which attention should be dtawn in ihis report in order io enable a proper understanding of the gccounts to be ye￿￿ed. Eva Stevens. BSC, CP A, employee of Communiry Aecouniing Plus member of the Chartered Insiitute Of Public Finance and A¢countancy ICIPFAI Units l & 2 North West 41 Talbot Street Nottingham NGI 5GL 20 May 2026 Page 9 Graee Church Nottingham Statement of Financial Activitie5 for the Year Ended 31 August 2025 (Including Ineome and Expenditure Account and Statement of Total RecognRsed Gains and Losses) Unre$tri¢ted funds Restricted funds Total 2025 Total 2024 Note Income and Endowment5 from: Donations and legacies Charitable activities Other trading actiYitleS Total income 602,387 44.699 7.667 6,672 46.125 609,059 90,824 7,667 630,996 88.625 1.434 654,753 52,797 707,550 721.055 Expendithre on: Charitable aetiviti¢$ 1642,1801 (66,030 708.210 701,371 Totsl expenditure Nei incom¢llexpenditure) Transfers b¢tween funds (642.1801 (66.0301 708.210) 701.371 12.573 (9.7301 (13.2331 9,730 (660) 19,684 Other recognlsed g8ins losses Other sain￿10s$eS 119 119 70 Net movement in funds 2,962 13,503) 1541) 19,754 Reconci]i8tion ol (￿ndS Total fimds brought forward Total ￿ndS carried fonyard 798.209 48.737 846.946 827,192 16 801,171 45,234 846,405 846,946 All of the Charity's a¢tiviiies derive from eontinuimg operations during the above two penod5. The funds broakdowTr for the period is shown in note 16. The notes OD pages 15 to 26 forni an inlegral part of these financial statem¢nis. Page 10 Grace Church Nottingham Stgtement of Financial Activities for the Year Ended 31 August 2025 ncluding Income and Expenditure Account and Statement of Total Recognised Gains and Losses) These #re the flgures for the prevlous aCCOUDdng period ond art included for compar#tlve purposes Unres¢rieted Re$trleted Totsl funds funds 2024 Note Ineome 8nd Endowments from: Donations and legacies Chariiabl¢ activities Other trading a¢iivitie8 572276 72.575 1,434 58,720 16,050 630.996 88.625 1,434 Total income 646,285 74,770 721,055 Expenditure on: Clwitable activities 620.978 80,393 701,371 Total expenditure Net incornel{expenditur¢) TTan5fers between fvnds Other recognised gasDs and lfj$ses Other gainsllosses Net movement in funds Reconcfiliation of fulld5 Total funds brought fotward Toial funds carried forward {620,978) {80.393) (701,3711 25.307 12,148) 15.623) 2.148 19,684 70 70 23.229 (3.475) 19.754 774.980 52,212 827.192 16 798,209 48.737 846,946 The note5 on pa8cs 15 to 26 fl)￿ an inle8ral part of these financial siatements. Pag¢ll Grace Church Nottingham {Registration number: 10973272) Balance Sheet as at 31 August 2025 21125 2024 Note Flxed *$$etS Tan8Lble assets Investm¢nts ,037.033 321 1,039,120 202 20 1,037,354 1.039,322 Current Assets Debtors Cash at bank and in hand 17,074 172,302 12,449 197,059 189,376 209,508 Credltor5: Amounts failfing due within olle ytir Net current as$et5 12 151,922) 50.129 137,454 159.379 Total #sseti les$ current liabliltSes 1,174,808 1,198,701 Credltors: Amounts f811ing due *fteT more th#D one yeAr Net *Met$ (328.403 351,755 846.405 846,946 Funds ol the ch2rity: Restricted ineome funds Restricied fund5 16 45.234 48.737 UDrestr2Cted income funds UnTe5tritied funds 801,171 798,209 Tot41 fund$ 16 846,405 846,946 For the financial year ending 31 August 2025 the charity was entitled to exemption from audit under scction 477 of the Companies Act 2006 relating to small companies. DirectoTs' re5ponsibiliti¢s'. The m¢mbers have not required the charity to obtain an audit of its accounts for the year in question in a¢cordan¢e with section 476.. and Th¢ directors acknowledge their respon¥ibiliti¢s for complying with th¢ requirements of the Aci with respect to accouniing record5 and the preparation of aceounis. These financial statements have been prepared in accordance with the special provisions relatin8 ro companies 5ubj¢¢i io ihe bmall companies re¥irne within Part 15 of the Companies Aci 2006. The notes on pages 15 to 26 fomi an inie8ral part of these fllwicia] statements. Page 12 Grace Church Nottingham (Registr8tion Dumber: 10973272) Balance Sheet 25 at 31 August 2025 The financial statements on page5 1 O to 26 were approved by the trnst¢¢5, and authorised for issue on 20 May 2026 and signed on their behalf by.. MTS E.A Toplik% Trustee The notes on pages 15 to 26 forni an integral part of these fJnanC1￿ ststements. Pa8e 13 Graee Church Nottlngham Statement of Cash Floivs for the Year Ended 31 August 2025 2025 2024 Note C*sh flow5 from operAtln8 actlvltles Net cash {expenditurellincome (541) 19,754 Adjustments to easb flows from nonrf4sh IteD Depreciation Revaluaiion of investments 2.087 1119) 6,256 (70 1,427 25,940 Worklng capltal adJu5tments {Increasel/decrease in debtors Increase irt creditors 10 12 (4,625} 2.977 5.449 9.076 Net cash flows from operatin8 activities Cash flows from inYe$ting Activities Purchase of tsngible fixed 48s¢Is (221) 40,465 (2,231 } CAsh nows from financlng *etlvlties Repayment of loan5 and borrowings Nel Ide¢rease)lincr¢ase in cash and cash equivalenis Cash and c&sh equivalents ai I September Cash and cash equivalenis at 31 Augusi Reconciliation of n¢t ¢asb flow to movem¢nt In nei funds {Decreasellincrease in cash Cash outflow from repayment of loans Change in net debi resulting from cash flow5 Net fvnds at I September 2024 Net funds at 31 August 2025 12 24,536 24.770) {24,757) 197,059 13,464 183,595 172,302 197.059 124.7571 24,536 13,464 24,770 149.2931 (11,306} 197,059 183.59S 147.766 172,289 All of the cash flows are deriv¢d from continuing operations during the abov¢ iwo periods. The notes on pages 15 to 26 fom) an int¢gral part of these financial stslements. Page 14 Grace Church Nottingham Notes to the Financiydl Ststementg for the Year Ended 31 August 2025 l A¢¢ollntfing policies Sumtnary of $lEnltlcant accibunting ptslleles and key 4¢¢OUDtinE estlmAtes The principal accounting policies applied in the preparation of these financial statements ar¢ s¢t out below. The5¢ policies have been consistently applied to all the years presented, unles5 Otherwse stat¢d. StAtement of eomp]lallce The financial statemcnts have been pr¢paTed in accordan¢¢ with Accounting and Reporting by Chariti¢5-. Statement of Reeommended Prdctice {applicable to charities preparing their ac¢owJts in accordance with the Fitydncial Rcporting Standard applicable in th¢ UK and Republi¢ of Ireland IFRS 102)) (i55ued in October 20191 (Charities SORP IFRS 102)), the Financial R¢porting Standard applicable in ¢h¢ UK and Republie of Ireland (FRS 102} and thc Companies Act 21x16. Basis of preparAtioll Grace Church Nottingham meets the definilign of a public benefit entity under FRS 102. Assets and liabilities are initially recognised ai historical cost or transaction value unless othmvise stated in the relevant accounting policy notes. Going concern The financial statemertts have been prepared on 4 80in8 concern basis. The trnstee5 asse58 whether the use of going concern is appropriat¢ i.e. whether there are any Material Lmcert3inlies relaied to events or condilions thai may cast significant doiibt on th¢ ability of the charity to ¢ontinue as a going concern. The lrnstees mak¢ this ass¢55meni in Tcspeci of a period of one yrar from thc d•t¢ of approval of th¢ financial staiements. Income #nd endowmeDts Voluniary income including donations. gifts. legacies and gr8nts that provide core funding or are of a general nature is recognis¢d when the Charity ha5 entitlen1￿1 to the income, il is probable ihat the inwme will be r￿tive￿ and the amount con be measured with sufficient reliability. Donatiohs ond legocies Donaiions are rc¢ognised when th¢ charity has been notified in writing of boih the amount and s¢ttlemenl date. In the ¢veni ihat a donation is subject to ¢onditli>DS that reqllire a level of perforniance by the charity before th¢ charity is entitled io the ￿nds, the incotne is deferTed and noi re¢o8nised until either thosc ¢ondilions are fully met, or the fulfilm¢nt of those conditions is wholly within the ¢ontroI of the charity and it is probabl¢ that thes¢ conditl0DS will b¢ fulfilled in the reporting period. Expenditure All expendiwre is re￿gniSed once there is a legal OT constnictive obligation to that expendilure, Lt is probable settlement is required and the amount can be measured reliably. All costs are allvcated to the applicable expcndiTur¢ heading that ag8rc8at¢ similar Costs to thts¢ ¢at¢gory. Where co$ts eannot be directly attributed to particular headings they have b¢en allocated on a basis consistent with the use of rcsour¢es, with ¢entral stsff ¢08ts allocated on the basi$ of time spent. and depreriathon ch)rges allocaied on the portion of the &sset's use. Other 8UPPOrt costs are allocated b&8ed on the spread of staff ¢osts. Pa8e 15 Grace Church Nottlngham Notes to Ihe Financial Statements for the Year Ended 31 August 2025 Charilable activilies Chdriiable expendi￿re comprises those costs incurred by the eharity in the delivery of its activities aDd services for its benefJ¢iaries. It includes both costs thai can be allocated directly to such actlVLtie5 and those costs of an indirect nature necessary io support them. Govern8Thce costs These include the costs attributable to th¢ charity's compliance with constitutional and slatuiory requirem¢nts. including audit. strategic managem¢nt and trusle¢s meetings and reimbursed expenses. Tixatlon The charity is considered to pa85 the tests set out in Paragraph I Schedul¢ 6 of the Finat)ce Act 2010 ynd therefore il meets the definition of a eharitable company for UK corporation tax purposes. Aecordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categori¢s covered by Chapter 3 Part I l of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Aci 1992. to the ext¢nt thai such in¢oD]e or gains are applied excltssively to chaTitable purposes. T%n%ible fjxed assets Indifvidual fixed asseis c05tin8 £5(M).00 or more are initially recorded at eost. Deprecl*tlon *nd amortlsallon Depreciation is provided on tsngible fixed ass¢ts so as to writ¢ off the cost or valuation, less any estimated r¢sidual value. over iheir expected use￿1 economic Itfe as follows.. Asset cliss General ¢quipment Fixtures & fjttings Compul¢r equipment Buildings Depre¢l*tion m¢tbod alld rgt¢ Sirai8ht line 25 /v Siraight line 25 /0 Straight line 25•1• No depreciation Fixed a$Sft investmenis Fixed ass¢1 investm¢nts. other than programme related investments. are included 8t market value ai the balance sheet dale. Realised gains and losses on investments are calculated a5 the differenee between sales proeee(ts and their tnarket value ai ihe start of the year, or their subsequent cost, and are ¢harged or credited to the Staternent of Financial A¢tivities in the period ()f disposal. Unrealised gains and losses repre5¢nt the movement in market valves during Ihe year and are ¢redited or charged to the Statement of Financial Activitie5 based on the markd valu¢ ai the year end. Tvode debtors Trade d¢btors are amounts due from Customers for m¢rchandise sold or s¢rvi¢e5 perfornied in the ordinary course of business. Trad¢ debtors ar¢ recogni.$ed initially ai the transaction price. They are subscquently rneasured at amort15ed cost using the effective interest method, less provision for impairnient. A provision for the impairmenr of trdde ebtOTS 15 esiablished when there Is objective evidence that the Charity will not be able to coll¢¢t all arnounts due accordLll8 to the original tern15 Ot'ihe receivablt5. Page 16 Grace Church Nottingham Notes to the Financiydl Statements for the Year Ended 31 August 2025 Cish and c85h equlv*lents Cash and Cash equivalents comprise eash on hand and ca15 deposits, and other short-iemi highly liquid investments Ihal are readily convertible to a known amount of cash and arc Subject to an insi￿)if1¢ant risk of change in value. Tr#de creditors Trad¢ ¢redilors are obligati(Trns to pay for goods or s¢rvices that bave been aequired in the ordinory COUTse of business frotn suppliers. Accounts payable are classified as current liabilities if the tharity do¢5 not have an unconditional right, at the end of the reportlll8 peri￿1, to defcr %ttlemeni of the ¢r¢ditor for ai least twelve months after the reporting date. If ther¢ is an unconditional right to defer settlement for at least twelve months after the reponing date, they are presented as non-current liabilities. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised ¢ost using the effe¢tive interest rnethod. F￿nd 5tru¢tyre Ut)restricted incom¢ thds are g¢n¢Y81 funds that are availabl¢ for use at th¢ trusiees, dis¢retion in fiwtherdnee of the objectives of the charity. Designated funds are unrestricted fvnds set aside for specific purposes at the discretion of the trn&t¢es. Restricted income fimds are those ￿antS foi use in a particular area or for sp¢cific purpo￿5. the use of whid) is restricted io that area or purpose. P¢n8ions and other post retlrement obligatioD$ Th¢ charity operates a defined ¢ontribu¢ion pension scheTne which is a pension plan UDd¢r which fixed conthbu*ions are paid into a pension fund and the chariry ha5 no legal or constrnctive obligation to pay further contribution8 even if the fund daes no( hold sufficient assets to pay all employees the benefits relating to employee service in the curren¢ and prior pcriod5. Contributions to dcfined contribution plans are recognised in the Statement of Financial ActLVlties when they ar¢ due. If contribution paylnents exceed the contribution due for service, the excess is recognised as a prepayment. Page 17 Grace Church Nottingham Notes to the Financial Statement5 for the Year Ended 31 August 2025 2 In Grace Church Nottingham Notes to the Flnancial Statements for the Year Ended 31 August 2025 The specrfic purpos¢s for which the fvnds are io be applied are as follow$- Buildin8 for the FU￿re - initial ￿ndS have been raised by direct appeal to church memb¢rs to fund renovations to the church building including fitting of a ¢ornmercial kitchen and disabled lift platfonn, the work is still on-going as laid out in the Building for the Future vision,. Household Support Fund - Nottingharnshire County Coun¢il have provided grants to fulld fL)odbank 5UPPOrt. baby basics and wider essentials building on ihe outreach programme already operdted by the church. The balance OD this fund is negative at the year cnd as fi￿h¢r grant income is expected in the 2025-26 fhnancial year- Warni Spaees Fund - io provide a warni space and provisions for the winter weather in rcsp)ns¢ to the cost of living crisi5. On Wednesday afternoons we served soup and drinks. It was also used to supply some warni pa¢ks io ihose in n¢ed. which contain¢d items such as blankets and wann clothiDg- . N¢wcastle Church Plant- this reflects income aThd expenditure in support of a church plant in Newc&stle' Support Fund - thi5 income is Bvailable io support thgse in the church wbts are going through fll)an¢ial hardship. The D¢signat¢d Grace Connectitsn Fund are funds relating to Grace Connection {nettvork-widel leadership, church planting and events. Th¢ transf¢r from the G¢Theral fund to the Gra¢e Conneetions Desi8n8ied fi￿d was a re•allo¢ation of fiu)ds to this activily. Th¢ trat)sfer ftY)m the Gerteral fund io the Newcastle church fund and the support fund are to eover the deficits on thesc activiti¢s wh¢r¢ th¢ ¢xpenditure exceeds the income re¢¢ived in ¢ach ras¢. 17 AD*lysis of net #sset5 between funds Unrestrlcted 2025 TotAI IuDds General Deslgnated Restricted Tangible fixed as5elS Fixed asset inv¢stments Current assets Current liabililies Creditors over l ye8r 1.037,033 321 112.768 {51,9221 (328,4031 769,797 1,037,033 J21 189,376 {51,922) 328,4031 31,374 45.234 Total net ass¢ts 31.374 45.234 846,405 Page 25 Grace Church Nottingham Notes to the Financial Statement5 for the Year Ended 31 August 2025 Unrestrlc¢ed 2024 Total funds Gener*1 De8lgn#ted Restrlcled Tongible fixed assets Fixed asset investments Current assets Current liabilities Creditors over l year Total net assets 1.039,120 202 128.402 {50.129) 351,7551 1.039,120 202 209.508 {50.129) 351.755 32,369 48,737 765,840 32.J69 48,737 846.946 18 Taxatlo The charity is a register¢d charity and is therefore exempt from corporation taxation. 19 Rel8ted party tr8nsaetltsn8 There were no related party transactions in the year. 20 Fixed uset Investments 2025 2024 Other itivestments 321 202 Other inve$tm¢nts Llsttd inyestrnents Unllsted investments Total C•8t or V*luAtiott At I September 2024 Revaluatio 201 119 202 119 At 31 August 2025 Net book value 320 321 At 31 August 2025 320 321 At 31 August 2024 201 202 Pa8¢ 26