Charlty reglstratlon number 1177678 (Enoland and W¥l&81 GRACE ORGANISATION ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Caladine Chartered Cerlified Accountants
GRACE ORGANISATION LEGAL AND ADMINISTRATIVE INFORMATION Truste•s Frands Lewls Lella Yusul Po8rleno MaSz8 JevBSs Marcha Orvllle MeAde Charlty number IEnuland hnd Wal•$l 1177878 Prfnclpal addr•$s Prelorfa Rd Communlly Cantrè Pr810rf8 Rd Tott8nham N178DX Indèynd•nt gxamln•r John Caladlne FCCA CTA FCIE C818dln8 Llrnlltsd Chantry House 22 UPrtOn Road Ea8tboumo Easl Sussgx BN21 1 BF 84nkor8 S&ntsnder UK PIC 2 Thton Squar8 Regent's Placa London NW13AN
GRACE ORGANISATIQN CONTENTS Page Tru8tee&' r8POrt ststemenl ol Tru8lae8' r8sponslbllltie6 Independgnt examlnels raport Slalfjment olflnandal ecutIo8 Statement olflnandal po8llbn Nolo$ lo Ihe flll8nclo18talemenl8
GRACE ORGANISATION TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2025 The Tru8teos present their annual T8FM)rt and Ilnancial 5talam8nts for th8 year ended 31 March 2025. The financlal stalernenls have b88n prepared In acwrdance wlih the accounlSn9 pDllcl88 881 out In note ? lo the flnandal statements and cotnply with the Chgrltls con81ilulion, the Charitie5 Act 2011 and 'AccounllThg and R8POrting by Charilles.. Slglem8nt of R6comm0nded Practice 1gpplic8ble lo ch8rille8 preparlng Ih&lr accounts in accordance wllh the Flnandal R8POrting StandArd 8pplir4ble in Ihe UK and RepLJbllc of 1181and IFRS 1021. lèff8cllve 1 January 20191. ObJecUve$ and acdvltles The Ch8rilable Trusl 16 consllluled by Trust Deed, and obl8¢1s are lo provide setvices whlch are direcled lo maallng th8 needs cil th8 Elderly, thè dlyabled and youth who find Ihetns¥lves In 9erlous dlsBdvaniag88 in th coinmunlly. often these dlsadvanl8998 are related lo a baekground ol alienallon, fragility. poor hotssing and age. 11 Ss eommon lor the soclal and personal difflcullles to ba &xacèrbaled by di8crimhation agalnsl oolour, race, bellef. famlty and cullural bac*ground. Publ1¢ bgnefit The Trustees havè paid du8 regard lo guldance 189ued by the Ch8rlty Conml88lon In decldlng whol acllvlllas the C17arlly should undértAkè. Achl4vemènt8 and perf¢ym4nco SigrtlfiG8nl 4Gllvltles end &ChVMentS 8gali?sl obiocllv&s The Board of Trust8è8 reportad that Gra¢9 Organis81ion has successfully sellled Into Its new premlses and Implemeniad naw way8 01 worklng. Tha muve ha8 enabled thartly lo expand Ils servlce pro910, wlth a number of new acllvlllès SnlrodLtC8d a8 a dlracl rèsult. Client numbars havè increased r8pldly, r&qulrfng addiilonBI resource8 lo accornmod8te hlgher allend2neè lovel8. Sove¥BI ftjndlng blds were 8pprovod. tolalllng over £20,000, whlcth enabléd the ch8flty lo enhance Sls haallh and w811-belng seNtces and aelivleB for dlenlg. The charlly continues lo piovide a w5de r8nge of support 8ervlces. Includino tr8n8PJrtallon, exerciga $8sslons, nutritlous rna&l8, chlropody. optical and hair ¢are $8rvlces, As well gs broad•r Meallh and wfjll-belng PTovl81on. Durfng Ihls p8riad, Grace ha¥ r8crull6d a Slgnlllcanl number ol volunteers, who now Bupport oporallons acxo88 all uruzs of the day cpre centrg. In addilion, students Irorn Ioc81 collages and inslltullons further afi8ld havg undertMk8n regular work placom•nts, galning valusjble 8kllls and axperlence In tho prov181on of d8y cere BeC$S fLY senlor clllzens. Th8 chartty also organlsed doy Irlp$ 8n6 Introduced a range of naw 8GUvlll88 81md al encouraglng sod81 Inlar8Ctlon and mèntal 8tlmu18Uon amcffig cliénl8. A 3ubslarntial increase Sn Income has been 8chieved, 18rgely attr11¢d to hall hire and increas& in olienl allend4nce. The charity conllnues lo transltlon ils flnanclal adminislralivè arrangements, and 8 drafl Btreteglc plan13 currently In pl8¢e, fin811s8llon expected by thè end of the year. Furiher increases in lease charg88 arè aThIpated durfng the ¢urr6nl financlal year. Flnanclal revlew During Ihe ye8r. lotsl Income of £653,851 {2024.. £476,035) was rec&ivad, wllh £515,435 12024., £371,997) sp8nt on runnlng the Cenlre and Ils actlvllles. Total unrestricted funds 8t the end tsl Ihe year are £218,988 12024.. £94.9921. Resorv&spolicy It 18 lh8 poIY of th8 Ch2rlly that unreslrfclèd fLJnd8 whlch h8ve not beèn d8slgn818d for a speclflc use should b8 alnlained at 8 level 8quivalenl to betwG8n thréé and six rnonlh'8 gxperKlllure. The Trus188s consider that rasÈN8S al Ihlslovel 11 ansur8 that. in the event of 8 8lgnlffcant drop in fvnding, they wlll be 8blb to corblinu8 the Charlly's current acllvllles whlle Gonskjerabon is glven lo ways in whlch additional fund8 may bo rsed. Thls lovél af reserve8 has been malnlalned Ihrnughout Ihe year.
GRACE ORGANISATION TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 strucliire* oovernance and management The Charily is a Ch8rStable Incorporated Ooanlsafjon operating In London. Thè Twsl88s who s8Ned during the ye8T and up lo the d8le ol slonalure of the IlngndAI slalgmanls were: Francis Lews Lella Yusuf Pèarlane Malze Jévals Marche Orwlllè Maade R6Gwllmonl and appolnlm8nl of trusla Tiuslees are 8ppolnl8d based on a88e$smenl ol th8 n•¥ds ol the charlty, and whether they can brlng addlllonal 8klll4 lo Ihts board. None ol the TruBl8es has any benèflclal Interest In th8 company, All of the Tru81ees aro members ol the eempany and guarantee lo cu)tributè £1 in tho ovenl ol a windlng up. Organlsallon&l Èfruclufe Whllst Ihe Iruslèes have ovérall responslbillty for the actlvllleg ol the ch8rtty, day-tTrday decislon m8king l¥ da811 th by th• Chlef Execullv8 Offlcer. Pau1t& YusLrf, Tha Tru81888' report wa8 approv by tha Board ot Tru8iee8. Fmncls Lèw18 Thist•• Dote.. i.L...- oj.- I
GRACE ORGANISATION STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2025 The Trug1098 are rgspon81blg lor pr8paring tha Tru8le88' Report and th8 flnanclal 81atemenl8 In accordance with applkable law and Ullited Kingdofn Accounllng Standards (United Kingdom Generally Aept¥d Accounling Pracllc&l. The law applicable lo charilles In England and Wales requlres the Trustees lo prepare flnaneial statements for each fir18nclal ygar whlch glv8 a tru8 and lair vbw ol th8 slate of affalrs of the Charity ond of the Incomlng resoure48 and appll¢alk)n of resourc88 of the Charity IOT that year. In preparlng these financial slalemanls, tha Trustees ar& reoulred lo,. sullable accounllng pollcles and Ihen apply Ih&m conslstantlyi obs8rv8 methods and prlnupl8s In the Charilias SORP,. mkkg judgements and e811males that are roastsnablo and prudenl., slate wh8lh6r applic4ble 8ce4)unllng standards have been followed, sublèct lo any malwlgl d6p8rturgs di9dos8d and explained in th8 linanclal Stalemenls., and prepare the ff nanclal slalem8nt8 r)n the golng concarn b8818 unle88 11 Is Irbapproprf&le to pro8ume thBI th¢ charily 11 continue in operallon. Th9 Tru81ees are responslble for keeplrbg 6ufficlenl accoL5ntlng records that dls¢108e wlth roasonable accuracy Bl any lime the fln8nclal poslllon ol Ihe Charlty and enable Ih8m lo ensura Ihal the finandal slatemen16 comply th tho ChaT11bs Act 2011, Ihe Charfty (Accounts and Reports) Regulallons 2008 and the provlslons of th8 Irusl dead. They 8re 8150 rèsponslbla for 88legu8rdlnu the ossels of th8 Charfly and hence for18klng reasonable slaps for the provenllon and dele¢tlon ol Ir8ud and oiher Irr8gularfll88.
GRACE ORGANISATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF GRACE ORGANISATION I r&port lo the Trustees on rfty ex8mlnaUon ol the flnandal 5tal¢menls of Grec6 Organisation Ithe Charity) for the year 8rNJ8d 31 March 2025. R¢sponslblliti08 and bo81¥ of report As Ihe Truslaes of the Charlly you ar8 responslble for the prèparation ol the ftnanclal stalements In bccordancè wSth the r8qulrem8nls of th8 Charflle8 Act 2011. I report In re8pecl of my examlnallon of the CharllV8 finavclal statements rarrled out under Sectlon 145 of th6 Charili88 Act 2011. In carrying out rny examinaliorn I have followed the Dlrocllon8 given by the Chuiily Commlssion under 88cllon 145(Sllbl ol the Ch8rlt188 Act 2011. Ind•pondent examin?r's statement Since the Charlty's gross Incow8 exceeded £250,000, th6 Indapandent Èxamlnar musl b8 8 member of a body li8lad In 8eclk)n 145 01 the Ch8rlllÉ8 Acl 2011. 1 conflTrn Ihal l am walifi8d lo undertake Ihg ex8rnlnalion becau661 arn a membor of Ihe A68oclalion of Ch8rtered Certlfled A¢counlanl8, whlch Is one of Ih81181ed bodlos. Your attenllon drawn io the fact that the charfly has prepared the f5nancl81 $talernonls in acLordanc8 wllh the relevant v8r51on ol the Slalemenl ol Recommendèd Prgctlce appllcabla to chadlles prepang Iheir fiD8nclal slattsmènls In accordance with thts Flnanclal Reporting Standard 8pplic8ble In the UK and Flopubllc of ITel8nd IFFiS 1021 In prèlaronce to the A¢¢ountlng and Reportlng by ChAdlle8.' S181èm8nt of RgcomTnended Prdcllce Is¥u8d on 1 April 2005 which 18 referred lo Ill the extant regulallons bul hA$ now been wllhdr8wn. l under8tand Ih81 Ihls has been dona 5rn order for the flngndal statemenls lo provide 8 tNe and f8lr eW In accoftJ8nc6 wllh UK G8narally Accepted Accounung Pr8cllce. I have rio concems and have comg ocross no olhor matters in CLJnneclion wllh the ex8rnlnalkJn lo whlch 8118nllon 8hcwld b8 drawn In Ihls report In order lo enable 8 proper undersianding ol Ihe flnanclal $181amants lo be re8ched. John Caladln• FCCA CTA FCIE Cal8din8 Umlted Ch8nlry House 22 Upperton Rvad E&811KJurne E881 Sussex BN211BF Dated:
GRACE ORGANISATION STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unr•8tr1cted R•strl¢lod nd6 funds 2025 2025 Tot81 Unrostrleted Restrlctèd funds funds 2024 2024 Total 202J 2024 Not•8 Incom• from: Donattons and legac$ Charitable acllvttles Other Ir8ding acllvities Investm&nt8 49,878 582,504 16,888 65,766 582,504 51,291 420,692 1,168 2,884 51,291 420,6g2 1,168 2,884 5,581 5,581 Total incom• 637.963 15,888 653,851 476,035 476,036 Expendbtur• on: Ch8ril8ble acllvllle8 S13,967 1,468 515,435 371,997 371,997 Total •xpendltur• 513,967 1,488 815.435 371,997 371,997 N•t Incomé 123,996 14,420 138,416 104,038 104,038 Tran618rs batW88n lunds 20 108,097 {108,0971 N•t mov•m•nt In fund8 123,996 14,420 138,416 212,135 1108,0971 104,038 R8con¢lllatlon tsf funds: Fund balances at 1 Aprfl 2024 94.992 94,992 (117,1431 108,097 19,0461 Fund b#lancag at 31 Mjrch 2025 218.988 14,420 233,408 94,992 e4,992 Th8 814lemenl of flnanclal activlil88 Includes all gAlns and loss8s r8(xJgnlsgd in y881. All Inctsme and expenditure dehve from conllnulng activS1les.
GRACE ORGANISATION STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2025 2025 2024 Not•$ FI¥ as8èt¥ Propérty, plant and 8gulpmenl 13 56,264 41,447 Currènt Assets Trade and other r&c¢lvab1è9 Ca8h 81 bunk ond In hand 14 84.678 192,848 46,S64 67.755 277,628 172,6041 114,319 127,4411 Curr•nt Ilabllltlao ifj Not curront #ss•t8 204,922 86.878 Total a•6ets l•ss current Ilabllrtl•s 261.188 128,325 Non4urr•n¢ IIAbllltleo 17 127.7781 133,3331 Net 4886to 233,408 94,992 The fund¥ ol Ihe Charlty Raslrfcled income fund Unr8slrictsd funds 20 21 14,420 218,988 94,9g2 233,408 94,992 Thè Iln8nclal atentS were approved by tho Tiiisl*Jes on .. Francis L8w18 Truslo•
GRACE ORGANISATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting poll¢l&s Charlty Information Grace Organisatioll Is a charily Ino. 11776781 re9lstered wl(h thg Charity CommS8sknn lor England and Wa18S. 1.1 Accounllng conVenOn The linanelgl stslem6nis have been prepared In Accordance with lh8 Charlly's governing [uMent, the Charltle$ Act 2011, FRS 102"The Financial Raportlng Slandarij appllcable In ihe UK and R¥pub17c ol Irpland I FRS 102.1 and Ihe Ch¥rT1198 SORP 'Accounling and RaportSng by Charilles.. Slatèment of Reeommanded Practice appllcab16 Its CharleS pr8p8rnc Ih8ir accounis in accordanc8 with the Financlal Reporting Standard appllcablo In th8 UK and Rèpubllc ol Ireland IFRS 1021. leffecllve 1 J8nuHry 20191. The Charity is a Publ1¢ Benafil Enllly as d8fln8d by FRS 102. The Charlly has 18k8n advanlbge ol the provlsions in the SORP lor charlt18s not to prèp8r8 8 Slalemonl of Cash Flows. Th• Iinanclal slatemèn15 h8vo dapartgd frorn the Char5116s IAecounts and Reports) RegulAllon8 2008 only to Ihe 6xl8nl raqulr¢d lo provide a true Bnd falr vlew. Thi5 departur8 has Involved lollovAng Iha Slalemenl of Recommended Prac¢/ lor ch8rltlE8 8pplylng FRS 102 rather Ihan the varsion of the Slaleinenl of Recommended Practlce whlch Is referred lo In the Regulallon8 bul whlch has slnc been wilhdrawn. The flnancial 8lalernanls are prepared In 81erling, which 15 th8 funGllonal rJJrr8nc.y ol the Charity. Monetory amounts In ihese Ilnanclal $181emanls 8r$ roundod lo the nooTa81 £. The flnanclal statements hav8 bèèn pr•p8red under the hl8tOTScal cost convenllon. The prlnclpal 8ccLJunng polides adopted are sel out bolow. 1.2 Golng concorn Al Ihè Ilme ol Bpprovlng the financiel slal8menls, the Twstees hav8 a rg06on8ble 8XP8¢lalltsn th81 the Chartty ho8 adoqu8le re$OUr¢ lo conlinue In operational exlst6n¢e for the for88e88ble lulure. Thu$ tho Truslèos cont5nue lo adopt the golng concorrn ba818 018ccounllng In preparlng the Ilnanclal slatemenls. 1.3 Charitable fundjj UnreslrictÈd lund8 are 8vallable lor use al the dlscr8Uon ol Ihe Tnjslees In lurtheranc• ol thèir charilablg oblèctlve3. Reslrlcted lunds are subjoct to spedfic condillons by donors or grantors as lo how they may be used. The purpos85 and usos of th8 roslrlct8d funds 8rè sèt out in th8 no18S to thé flnan¢l818t8ièm8nls. Endowment funlls subj8cI to BP8ciNc condllion8 by donors that the capllal musl be malnlalned by the Charity. 1A Incom Incom8 18 r8)gNISed wh8n the Ch8diy 1$ Iggally entItd to 11 alter any performBnce coMlltlon& h8ve beon mèl, the atEK)unts can be mè8sur8d reliably, and11 Is probable that Inc(sme wlll be recelvad. Cash donations are recognisod on r8ceipl. Other don#llons 8r6 re¢nIsd on¢e Ihe Charity has boan nollfl8d of the donation, unless perform8n¢e conditlons require deferral ol the amount, Income tax recover8b18 in relat5on to donalions e1Ved und8r Glft Ald or d8eds of covenant is recognised at the Ilme ol the donation. Legaciés 8re recognlsed on rètelpt or olhetwlse W tho Charfly has been notified of An Impendlng distribution. the 8mounl Is known. and receipt 15 expg¢led. 11 the arnount Is not known, tho legacy Is treated Bs 8 nllngent 8&8et.
GRACE ORGANISATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI FOR THE YEAR ENDED 3f MARCH 2025 Accounn9 poll¢le$ Icontlnugdl 1.5 Expenditure Expendllure Is recoDn18ed once Ih8r6 a gaI or constructiv8 obllgation to ITansl8r econom1¢ bènefll to a Ihlrd party. It Is prob8bla that a transler of 8conomlo b&neflts will +)6 requlred In 8eiilèm8nl, and Iha 8mounl of th8 obllgation can be m6asur8d rell8bly. Expendlture Is classifled by a011ty. Th8 cosis ol È)Ach acllwly 8rè mad8 up of th& tolol ol dlrrfl costs and $har8d costs, In¢ludlng support CQ818 Involved in und&rtakSng each aGtivlty. Dlffe.I costs atlrlbulabla lo a slnolo 8clivily ar8 allocalad directly lo Ihal 8Ctivilw. Shared costs whlch contrfbutts to rrore Ihan ono act1vlY and support ctssts whlch 8rè not atlYlbu18b18 10 8 singlo acllvity are apportlonecl betweèn those actlvltl&q on a ba818 con91818nl wllh the use of rasources. C8ntr81 8lbfl cosls are 8lloc818d on the basls ol Umo spenl, and d8pr8clalion charges arè allocated on the tM)rtlon of Ihg 8SS8Is us8. 1,6 Prop•rty, plant ttnd 6qulpm•nt Proplarly, plant 8nd equlpm9nl ar8 inlllally me89ured al cott And 8ub8equanlly mea8urod gt cost or vgluolion, nèl ol dopredalion and 8ny Impalrrnonl108588. Dgpredallon Is racogni88d 80 a8 lo ¥wlle off th8 cosl or vgluallon ol 8seels leBS thaSr resldual values ovar Ihelr usalul IIv85 on thg folln ba818'. Medicgl & Other eqvlpmonl Flxtures and fltllng8 Motor vehlol68 I ODA Reduclno Pa18nca 10% Reduclng B818nce 10QA Redu¢lna Balance Thè gaSn or arf8ing on th8 dlstx)s81 of an essel Is dèl8mlnèd Bs tho dlfferènca baen ihe 8alo proceeds and Ihe carrying value ol the 898é1, And18 recognlséd Sn the slal8m8nl ol fin8ncl818Ctlvlties. Purchas&s of flxture6, fitllngs and equlpmant uhlh 8 v81uo below £BOO gre Tecogn180d In Sta18ment of Financl81 Acll¥AtIos. 1,7 Imp8lm)•nt of non4urr•nt a888ls Al èach reportlng ond dale, the Ch8rily r6view8 tha carrying amounts ol 118 18n91e assets to delermlne whether there Is any Sndlcatlon th81 those asse18 have suffered Bn impairment Igss. If any such indlcalSon exlsis, Ihe recoverab amount of the a&8el Is 08llmoled In order to delerrning the exlenl of tha Impairment 1¢5¥1118ny}. 1.8 Cash and (ash oqulvalentS Cash and &gsh equlvalent3 Include c88h In hand, deposlls hald al call wilh banks, olh8r $hort4•rm liquld investmen18 wllh orlglnal malurllles of three months or le85, and bank DV8rdrafts. Bank overdrAfts are 8hown wthln bOrrOng3 In cjjrrenl Ilabililie8. 1.9 Flnanclal In8lrum8nt5 The Charily has elgcled lo apply Ihg proirislons of Seclion 11 'BaBlc Fln8nclal In8lNmèrnls' and Sectlon 12 'Olher Financial Inslrum8nt8155ues' ol FRS 102 lo all of its flnanclal In8trumants. Flnancial Instrumenls are recognised In the Charlly'8 balance sheol when the Charity be¢0rn88 party to the contractU81 provi8lon8 ol the InslTumenl. Finanaal assets and Ilabillttes arè offsel, wllh the nel amounts presenled in Ihe financial slalements, when there Is a gallY enlorceabl& right lo set off the recognised amounts and Ihere Is gn Inlenlion lo sell18 on a net basis or io realise the as88t 8nd settle tha liabluiy slmultan6oLtsly.
GRACE ORGANISATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accountlng pollelas Icontlnuedl Basie fln&nclal èssals Basic financial assets, whl¢h Include trade and olher racelv8bl8S and cash and bank balances, ar& Inltially measured at Ir8nsactlon Prlce Includlno IrBnsgclk)n costs Bnd ara sub88quenlly carriéd gl gmortised cost uslng th8 effecllva Inleresl method unlass tha 8rran98mant constilules a financino tr8n8acllon, whèr8 Ihg Iransaotlon is measur6d 21 the present value nf the futurè teIptS dl8¢ountèd 41 a mark81 ral8 of Interasl. Flnanci81 a&q8t6 ¢lasslfled as rac4lv8bla ¥thIn onè yg8r arè rKJI amortl88d. Baslc flnancl81 IlabllMI8s 8Aslc liThanclal 11obllllle8, Includlng IT8de and other payables and bank loans Are Inlllally recognls8d at transacllon prlc& LJnl8ss th8 arran98ment conslllutes a flnarK.Ing Imnsacllon, wher6 the d&bL Inslrumsnl Is m9a8ured al Ihe pre8ont value ol the future i)¥ymants dlscounted at 8 markel r816 of Intarost. Financlal 118blllllès claB8lfled as payable wllhln one y89r ar8 not amort5gad. Dobl Instrumenta arè 8ub88QU8nlly carrled al amortls8d co61, uslng th8 ullectlvo Inl8m8t f818 method. Trade pay8bl8s arg obllg8llon8 to pay lor good8 or 8arvlces th81 have been acqulr8d In th8 ordlnary cuurt66 of uparalions frorn SUKpll8rs. Amounts payable are cla58ified as current Ilab1111188 11 yaymanl Is du8 wllhln on8 yeBr or loss. 11 not. Ih8y 8r8 pre8enlod 88 non-curronl liablllli88. Trode payableB are recognl8ed inltlally al Iransacllon prSce gnd 8ub8gqugntly m888ured al amortl8ed cost uslng the effecllve Inleresl rnelhod. Dorncognltlon of flnanclal Ilablll¢les Flnandal liabllltle8 are derecognlB8d whan th8 Charlly'8 ¢ontr8Ctual obllg8llons éxplr8 or are dlschgrgad or C8llce118d. 1.10 Employee b8ne1118 The cosl of any unusad holld8y enllllemenl IÈ recognl8ed In ihe pgrfod In whlch Iho employee's 8eNIc88 are rece&d. Terrnlnatlon benelils ara r&cognlsèil inmnedlalely as 8n 8xpens8 when Ihg Charity Is demonslrably commilled lo leimlnale tha employment of an empbyg9 or to provide lermln811on benefits. q.11 Retlremqnt b8n•lltg Paywenls lo deflned o)ntrfbullon rellrément bèneflt sch8m88 8ra ch8ruyd as an axpensè 89 Ihay IAII due. Crltlcal a¢untIng ••tlmat•8 and ludgèm•nt8 In the applSc8llon ol the Chgdly's bccountlng pollelfjs, tha Trustee3 gro requlred lo mako ludgemenls, 981imates and as8vrnplSonB about the carylng amount o188setg and 118bllllles that 8re noi readily app8nI rrom othgr sources The eslimale9 and assoclaled assumptions ar6 based on hlslorlcal 8xp8rign[ and othar facto that are congldered lo be relevant. Actual results may differ frorn these &8llmales. Th8 estimates 8nd underW¢'ng 8$5umptlons are rEvlewed on 8n ongolno ba818. RevisK)ns 10 8ccounting 8sllrnat8S are r8cDgni8ed In the period In whlch tha esllmale Is rovlsad whérè r8vlslon affecls only thal P8rlod, or In th8 p8fM)d of the ievi8ion and lulur8 pedods where th8 revlslon ¥ff8cts both curranl and lutura parlods.
GRACE ORGANISATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Income from donatlon8 and logaGle8 Unre4trlct8d R•slrlcted funds fundi 2025 2025 Total Unre8lrlGt•d Rerhtrlcted funds fund8 2024 2024 Total 2025 2024 DonotSons and gblts 49,878 15,888 e5.766 51,2S1 51,291 Incom• from charltable acllvltlo8 Day c•ntr• Day cgntro nd and a88ocl?tad a88oclat•d rvlcei 2Q24 2025 D8y Centre and 9890clated 8ervl¢trs Income Charftobb rental Income 515.405 67,099 407.982 12,710 582,504 420,692 Analyals by lund unrtcl9d fvnds 582,504 420.892 Income from other tradlng actlvltSgB Unr8gtrSctgd UNr•glrlct•d fvnd8 fund$ 202S 2024 Fundralslng 8vèntB f,168 Income from Inv•stmenls UnreÈtrlct•d Unrestrlct•d funds funds 2025 2024 Inleresl feo8iv8ble 5,581 2,884 10-
GRACE ORGANISATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Éxpandlturo on charltable actlvltles Charltabl8 activltl•s Charitable actIdeS 2025 2024 Dlrecl co81• Slaff GosI8 Enlertalnrnenl Tralnlng Acllvllle9 Molor and travel expan$ Rent Llghl & heal ClegniryJ Caterfng supplle8 Voluntèars and dlr$¢l latxjur 310,377 243,254 589 488 1.570 7,130 18,956 25,345 SCs.000 4,632 17,448 20,724 16,903 18,843 11,308 3.071 22,266 10,789 456,182 327,511 Sh•r• of Èupport ad govemanc• co$t•184• notg 81 Support Goveman¢o 26,834 32,619 24,707 19.779 515,435 371,997 Anilygls by fund Unr8slrlcled ftJnd8 Reslrlclad hJnds 513,967 1,468 371.997 515,435 371,997
GRACE ORGANISATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Support Costs allo¢8ted lo actlvltlo8 Chayltable •ctlvltles 2025 Tolal 2024 Depreciation Telophone Prlnts'ng, p08t8g6 & st8tK)nery Adv8rtSslno IT & softwarè 8ank charges Repalr8 & mainienance Subs¢riptlons Insur8nco Sundry Governance 6,2S2 895 2,736 534 3,110 3,504 2.178 1.4C4J 5.398 627 32,619 4,60S 101 2,Y01 4,840 4,255 3,818 952 1,320 1,915 1g,779 59,253 44,486 2025 2021 Gov•rnanco costs ¢omprl¥•: Aecountoncy Leg81 and prol&sslonal Bookkaeplng S,668 9,859 17,192 9,SlO 7.889 2,4C4) 32,610 19,779 Includ8d within GovgmanG& Costs 8Lx)ve are paymènts 01 £2.640 t¢ the IndePident Examlner lor Indap8n¢J¥nl Examination and other 8grvic&8 provlded, Net movement In fvnds 2025 2024 The nèt movern8nl In luThd8 Is stated after charglnglluedltingl= Feas payatAe For the independenl examln8lkJn of lh8 charity's Ilnancl statements Deprecladon of ownad property, p18nl and gqLtiprnenl 2,e40 6,252 2.840 4,605 10 TruJtge8 Non£ of the Tru8tees (or Any personB connacted them) rncelved any remuneration or b8nefi15 from the Charlty durlng Ihe year. 12-
GRACE ORGANISATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 11 Employe08 Th8 4verag8 month number ofemployees durfng the year w88: 2025 Numb•r 2024 Numbar 19 15 Employment ¢08ts 2025 2024 Wages arnd salario$ Olhar penslon ¢0818 303,443 6,934 237,292 5,962 310,377 243.254 Th8r8 wero no ampbyaas who88 annual rarnunerallon was more Ihan £60,000, R•muneratlon of kay manJg8m•nt p•r80nnel Tha ramunerallon ol key m&nag•manl porsonnal wa8 a8 lollow8: 2025 2024 Augr8g8te COmn$On 44,911 45,470 12 T•xBtiot) The charlly18 gxempl from t8Xaibrn cffl Ils acUv411es b8causa all116 Incom& is appllgd for charflable pU05e5. 13-
GRACE ORGANISATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 IJ Propertyi plant and èqulpment Modl¢al & FSxlures and othor fmllngs qulpmènt Ilotor v8hlcl08 Total Co$t Al 1 Apdl 2024 Addlllon8 22.111 6,069 50,949 60.932 15.QOO 133,992 21,069 Al 31 M8rch 2025 28,180 50,949 75,932 155,061 D•pr•¢latlon and Imp8lmient Al 1 Apru 2024 D&precialion charged In th6 year 20,021 816 40.829 1,012 31,695 4,424 92.545 8,252 At 31 March 2025 20,837 41,841 36,119 98.797 Conylng amount At 31 Marth 2025 7,343 9,108 39,813 56,284 At 31 Mar¢h 2024 2.090 10,120 29.237 41,447 14 Trade and oth•r rèc•lv&bl•8 2028 2024 Amount& falllng duo wlthln on• y•ur. Trad¥ r8celvab188 Other r8C8Iv8b186 Prewym8nts and aCQTued Income 78.178 1,500 5.000 41,S64 5,ry)o 64,e78 46.564 15 Borrowlng8 2025 2024 Bank loan$ 33,334 38,889 P8yabl& wllhln one year Payable after ono year 5,556 27,778 5.656 33,333 The ban is a Bounce B8d( LoBn of £50,000 reC&ed In mAh 2021. 11 18 repayable over 10 ygars. 14-
GRACE ORGANISATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 16 Current liabllitlos 2025 2024 Note8 BBnk h)ans Other lax8tk)n and soclal s8rItY Doraed incom8 Trada payab18S Other payabfa8 Accruale 15 5,556 4.759 5,3.fj5 2,805 1,489 52,640 5,556 3,656 18 99 11.370 6,760 72.604 27,441 17 Nonllcurr•nt Ilabllltl•8 2025 2024 Not•• 8gnk loan8 27,778 33,333 18 Dgl•rrad Incom• 2025 2024 Othar del8tTed Income 5,355 Deferrgd InMn8 Is Includgd In th¥ fln8ndo181alements as follow6.' 2025 2024 Deferred Ineome 18 inejuded thIn.. Curwnt118blliti6S 5,355 Movements In thtt Ar.. D&ferr8d Inrne a11 Aprfl 2Q24 ftestyjrces delèrr8d In the year 5,355 Deferred Incomg at 31 March 2025 5,355 19 Retirement benefft sGh•mes 2025 2024 Dèlined conlrlbutlon &ch•mes Charge lo profil or b)ss In respect of definad tx)ntbut10n 8¢h6m8S 5.962 Th8 Charity operates a def5ned eolllrlbullon p8n51on Schomè fL¥ All qualltylng employees. The assets of th8 sch8rne are held separalèty from those af th8 Charity In an independently adminl$l8red fiJnd. 15
GRACE ORGANISATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR ThIE YEAR ENDED 31 MARCH 2025 20 R8$trlcted funds The ra8trlcted funds of th8 charity ctsmpdse the un8XP8ndad balAnces ol donalions and QT8nts hgld on trust subject lo spedfie enndillons by donor8 as lo how they may be u8ed. In¢omlng re8ourco8 At l Aprll 2024 Rfrsoums 8xp•ndad Tran8fvr5 At 34 IAarch 2025 Halrdresslng 8c11viti88 Exwd88 1}¢188 1,468 14,420 11,4681 14.420 15,888 11.4681 14,420 Prevloui year. At 1 Aprll 2023 InGomlng reJource8 R•80urc•8 •xp•ndgd Transf•rn At 31 M8rch 2024 8roughl forward ro8lrfel8d funds 108.087 11n8.0971 Tha aeo)unts includo £110,859 of T881rlcl8d funds brought foNard from prevlous porlods. Allbr 81gnSficanl Inv8¥llg811on, wfi bellev? that wa hav6 tablIshed how Ih*sè amount$ aroea and th31 Ihey h8v8 all been ulllllsad In pr8vlou8 periods, bLJI Ihls hasn't been reflecled In the pr8vlou% linanclal statam&nl8. The b818nce 8howlng on thase funds hk8 Ih8rèfor8 b88n released lo unrealrtetad funds. 21 Unr••trlet•d lunda The unr8sldr.tBd fvnds of charlly compTlae the un8xp8nd8d bèl8n¢e$ ol don8Uon8 and grants whlch ttre not Gublect to SP8clfl¢ condttions hy dontts and granlorg 88 to how théy may hè used. These In¢ludo dOgnated funda vthlch h8ve baen eat aslde wt of unr881ricl8d lunds by Ihe Irusiees lor specific purpo888. Trnnsf•r8 At 31 March 2025 At l Aprll 2024 Ineornlng reJource8 R•soU88 •XPond•d G8ngr81 funds 94,992 637,963 {513.967) 218,988 Pr•vlou$ yaar.. At 1 Aprll 2023 Incomlng resources Rèsources exp•nd8d Transfers At 31 March 2024 General funds 1117.1431 476,035 1371.9971 108.097 94.992 18-
GRACE ORGANISATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 AIARCH 2025 22 Anatysls ol net assets between fundl Unr•8trf¢tod fundo 2025 Re8trlctod funds 2025 Total 2025 At 31 IAareh 2025: Property, plAnl and equlFmenl Current a888tsllrlabllll$I Long term Ilabllllas 56,264 190,502 127,7781 56.284 204,922 {27,7781 14,420 218,988 14,420 233,408 Unr•strl¢léd furid8 2024 R•itrlet•d funds 2024 Total 2024 At 31 MaKh 2024: Property. pl8nl and equlpm8nl Currénl a8setsllllahlllU881 Long term IiBblllll88 41,447 86,878 133,3331 41,447 88.878 {33.3331 94,992 94,992 23 Rolal•d parfy tran&aclloni There wBra no dlBdosabie related p8rty transactions durlw the y8ar12024- none). 17