**Company Registration Number 12579103** **Charity Registration Number 1189538** **GRACE ENTERPRISES NOTTINGHAM LIMITED (a company limited by guarantee)** ## **UNAUDITED FINANCIAL STATEMENTS** **FOR THE PERIOD FROM 29 APRIL 2020 TO 31 AUGUST 2021** **----- Start of picture text -----**
Swimming
against the tide?
We will help you find
calmer waters
**----- End of picture text -----**
GRACE ENTERPRISES NOTTINGHAM LIMrrED (4 company limited by 8uar8lltee) CONTENTS OF THE UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD FROM 29 APRIL 2020 TO 31 AUGUST 2021 P4ge5 RepDrt of the TrwstY¢s Ito3 Independent ExAMiner'5 Report Sl4tement of Fin¥ncial Activities B4l¥nce Shte¢ Note5 lo the FlnanciAI St•tements 71912 Page I GRACE ENTERPRISES No￿INGHAm LIMITED (a compaTry limited by guarantee) REPORT OF THE TRUSTEES FOR THE PEIUOD FROM 29 APRIL 2020 TO 31 AUGUST 2021 The In￿lee5 are pleased io present their repLrt together with the unaudiied financial statements of the charithble ¢ompany (the charity) for the period from 99 April 20?0 10 31 Augu￿ 2021. The fina￿1a1 sthtements have been pr¢pattd in A¢¢onian¢e with the accounting wlKies sei oui in the ￿leS to the 8c¢ounts and comply with the charity'5 gov¢rning the Chariiles Aci 2011 and 'Accouniing Reporting by Charities: Statement of Recommended Prdrtic¢ applicable lo charities preparing their accounts in Jecordanc¢ with the Financial Reporting Sthndard applicable in the UK atHI R¢Fwblic of Ireland.. published in October 2019. REFERENCE AND ADMINISTRATIVE INFORMATION Charity Ngm¢' Grxe EnierFffises NoninBhym Linjiled Cornpany Registrntiott No.. 12579103 ChArl(y Regi5tr4tloo No: 1189538 Prinelpal o￿lee. I Casile Boulevard Nottingham NG7 IFT TrusteeslDlrE1 Bimiingham B263JW STRu￿vRE, GOVERNANCE AND MANAGEMENT GoveTni*g Document Grdee Enterprises Nottingham Limi*d is a company limited by guarante4 s0￿Med by its Memorandum and Articles of Asswiation daled 29 April 2020. It is also 4 ¢harity regiswed with the Charity Commission with effect from 18 May 2020. Recruitrnent and AppDlnt#hent of Tn￿lee5 The charity may by ordinary r¢501ution appoint a person who is willing lo act as a trustee and dir¢¢ior and d¢iemiin¢ the order of rolati¢)n in which they are to rettre. No person other than a tru51¢e reliring by rotation may be appointed as a Irugee 41 any 8t￿ra1 meeling unless he or she is Tecommended for eleaion by the trustees. Page 2 GRACE ENTERPIUSES NOTfiNGHAM LIMITED (a ¢OrnPAAy limlltd by 8ll#rAntte) REPORT OF THE TRUSTEES FOR THE PERIOD FROM 29 APRIL 2020 TO 31 AUGUST 2021 STRUCTURE, GOVERNANCE AND MANAGEMENT (Conrfnued) OrE#nts#¢ion¥l StTUftur¢ In relation to the Companies Act 2(*)6. tnJs*es are also direc¢Ns of the lirnited company. The charity wI￿llY•OwnS a trading company called Radiant Ckanus LiMi￿d Icompany Number. 1074139). This ompany is recognised as a Social ErtlErpri5¢ and ha5 an 455ei-lock in place so that all profits will be re-invesied in the ompany or gifted to Grace Enkerprises. OWEcfivES AND ACTIVITIES The charity's objectives are: The relief of unemployment for the public benefi¢ in th¢ Uniled Kingdom in Such M7y5 as may be ihoughi fil, including: 1.1 establishing and SUp￿rtIng (financially or otherwise) subsidiary ((￿npanieS which will provide ethical employment opportynili¢s for th¢ long-term unemployed or ￿he[S facing any fomi of b￿ler to work (whether by reason ofyouil ag¢. ilkh¢olth. disability. or any th disadvantage); providing 5UPP¢Xt and as5islance io individua]5 se¢king employnlent and ongoing support and assistance io th05¢ who find employment (whdher by way of men￿rIn& guidance. advit4 ITainin& or any other means). and 1.3 influencing public wlicy 4nd social attitudes towards ihe long4erni unemployed and the 5UPPOrt provithd to enable vuSnerabl¢ individuab to find and maintain employmenL To prom￿ social inc1￿10n for the wblic b￿cri1 Èn the United Kingdom by pr¢Yenting people frorn becoming socially excluded a￿VOr relieving the needs of i1￿ tw)le who ￿t socially exclllded artd assisting them to integrate into soci¢ty. The charity incorporates wholly-owned social ent¢￿TI5¢ Irdding companie5 that recruit and employ people who have been unemployed in the long-ienn and find empkiymeTht diifrful¢ to #thieve because of their himory of addictive, offendin8 or abusiv¢ behaYiour& or simply because of homelessness or a soeially-excluded lifestyle. The charity provide5 managemeni and back-0￿￿£ services to these companie& The clwity also ¢mploy5 an Employee Support Worker who moniiors the holistic wellbeing of cmployees regularly through fornial medin8s and use of our irt-house designed 'Living Life Index.. The in]stees thk¢ full regard of the guidance given ty the Charity Commi55ion on public benefit. Ai each regular meeting of ihe irusiees. they tske reports from the operalional managem¢ni with sp￿lf1¢ focus on colleague5. wellbeing and Safeguarding. ACHIEVEMENTS AND PERFORMANCE During this accounting periol the charity's trdding ann. Radiant Cleaners Limiied, provided new jobs for ?2 new beneficiaries. and provided workplace trdining lo the team of 35 cleaners. Four employees have been totally released from their dependency on work-related benefits Jnd we have seen seven colleagues leave u5 to saiii 5U5lainable employment e15¢where or go into fu114ime educaiion. During thè COVID pandemic. the trading arni wa5 able to lop up our benefKiaries' furlough paymenL8 so that they r¢r¢iv¢d lo￿￿ of their pr￿pandemIC pay through￿1 Iixkdtswn. During this perio4 we were giateful to the Thomas Farr Charity for fithds ihat they don*ed to the charity to facilitate our achievements. We are also indebied io many of the Cu￿OMe[S of gmj who continued io supp(ffl the I￿sIn¢s$ aThd its employees throughout larkdown- even when cieanti)g was pemiitted due to lo¢kdown restrictions. Page 3 GRACE ENTERPRISES NOTfiNGHAM LIMrrED {* tojnpany limited by guAr*nthe) REPORT OF THE TRUSTEES FOR THE PERtOD FROM 29 APRIL 2020 TO 31 AUGUST 2021 FINANCIAL REVAEW The charity delivered a surplu5 in the period whil# YÉ50 bETng abk io recruit an Employee Support Co-ordinator and a team member io be reswibk for s¢xial medi4 w¢bsii¢ ond op¢raticThl syswn& The trustees report no eoncerns around the charity'5 ability ¢0 conlinue a5 a goin8 coiicern. There are no funds in deficit within the charity orany of its trading aaiviiies to dale. The charity'5 principal sources of income are: the managem￿( fees thal it charges to its operatingcomp￿ies for the services that li provid¢5 to them" charitable funding., and perS￿al donations from benef#eiths. Reservf5 Polley The Trnst's policy is thai the chariry's reserves must be bEtsYeen 25% and 9W• of its annual operdting expenditure (ex¢luding one-off projects). The INsiees believe ihat 25•/0 IS the correa minimum level of reserve5 10 proiett the charity and those who benefit from it. from the ¢ff¢c¢S of th¢ mosi lli (ely financial risks. The tru5tee5 have reached this conrlu5ion because it would enable Grace Enterprises. employees io be made rEdutbdanL paying them for their n￿lee period aThJ any StaEUtory ReduThJancy Pay that they were entlLled to. Reduced opernI￿ could then be mainthined by volunteers. The trustees b¢liEve that 9￿/0 is the correci maximum level of reserves becatss¢. if more were held. thi5 would unnttessarily ti¢ up donors, money in an unproductive way. The tru51e￿ monilor the level of the Trust's TV5eTves monthly. and review the Reserves Poltcy on an annual basis (ai the same time a5 a55essing the Finanrial Plan for the year ahead) and wheTrcver a change is made to ihe Trus¢'$ Risk Regi51er. If the reserves needed to temporarily fall below 25% ofthe Tru￿.5 annval orKrniing expendihw< the trustees would be infomied immediately by the CEO of Grnce EAterprixe& Ai 31 August ￿21. reseTve5 amounted ￿ £35.602. There were no restriaed within this amounL Rl$k MAn#gement Within the current financial year io August 2021 th¢ thyrity ha5 fonned and plans to launch #nother trading coinpany in a 5epardie ￿SinesS 5eclor. Whilst. in the long-iemi, this d]ve￿]ry will r¢duc¢ the financial risk to the charity and spread overheads aeross another income earning IMine4 there is an inhereni short4erni risk around financial success. and invesim¢nl required io laundi ihi$ ¢omp¥ny. However. the iThstees ￿lIeve th* the time is right to launch this busine55 in the lighi of a healthy cash flow situation. strong r¢l*ion5hips with past and poiential funders and a strong management ieam with th¢ experience of creating sustsinable trading companies own¢d by th¢ charity. The risk% will be identified on the charity's risk register and will ￿ managed thr(￿sh a monthly scheduled meeting of a delegaled wordl¢ 5ub5el of the Tn￿lee Boanl with the CEO of ihe tharity. This report ha5 been prepared in accordance with the special I￿0VISIonS of Part 15 of the Companies Aet 2006 relating io small companie Approved by the trnsiees on and signed on their behalf by- J.P. ColliDge, Chair OrTn￿le*S Pige 4 INDEPENDE￿r EXAMINER'S REPORT TO THE TRUSTEFS OF GRACE EKfERPIUSES No￿INGHAm LIMITED (* company limited by guarantee) I report io the charity uYsttts on my examinaii(Trn of the accounts ofthe company for the period from 29 April ?020 10 31 August 20? I which are set out on pages 5 to 12. Responslbllitie5 aNd BASIS of Report A5 Ihe charity tru5tee5 of the company (who are also its direetors for the pUr￿)se$ of cofflpany law), you are responsible for the preparation of the accounts in accordanc¢ with the reqyiremernts of the Companie5 Aci ?006 {'the 2006 Aa,). Having satisfied myself ihat ihe accounts orth¢ ¢￿1panY are required to be PAKiited under Part 16 of the 2006 Aet and are eligible for independenl examinatic￿. I report in resp¢a of my ¢xpmin8lion of your company's accounts as Carried out under 5eclion 145 of the Chariiies Act 2011 ('the l Ad'l. In ￿YIng out my examinaTion I have followed the Direction5 given by the Chariry Commission under section 145(5Xb) of the 2011 ACL Independent Ex#miner's S¢atemeTht I have complet¢d my examination. Ccrfbfimi no matters have come io my attention in connection with th¢ examinati￿ giving m¢ raus¢ io beli¢ve thai in any al￿erIal accoun¢ing r¢rord5 were not kept in re5peci of the company as required by seciioti 386 of the ?W Aet: or the accounts do not accord with those reccffth: or the accounts do not cornply with the accounling requirem¢nts of se¢tion 396 of the loc￿ A¢t other than any requiremeni that the accounts give a 'inJe and fair vi¢w' whi¢h is Not a maller ¢onsideTed as part of an independent exarnination: or the accounts have noi been prepared in a￿ord￿￿e with the methLK15 and principles of the Statemeni of Recommended Pra￿1CC for attouniin& and rry￿rting by chwilie5 applicable to chariiies preparing Iheir accounLq in accordance with the Financial Rep￿ing Standard applicable in the UK and Republic of Ireland {FRS 10?). I have no concerns and have come across other matta5 in connection with the examination to which attention should be drawn in ihis report in order io enable a unde￿￿1￿8 of the accounts to be reached. Mr. J. Lester FCA Baines Jewitt Limited ChArtered Accountants Barrington House 4145 Y8rm LanE S¢ocktonvon-Tees TS183EA Dated: 9 DeetmbEr 2021 JUAJD Page 5 GRACE ENTERPRISES NOTTINGHAM LIMITED {* limited by guAraAlte) srATEMENT OF FINANCIAL A￿1VITIL$ UNCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE PERIOD FROM 29 APRIL 2020 TO 31 AUGUST 2021 Uthrextrith41 F••ds Restricled FMAd5 2021 T•t*l Fumds 2021 Notes 2021 INCOME Gran￿ doDOtiOnS I¢Eg¢ie5 IftcomE chwiiablc aclivilies Other in¢omL 411) 41bl t) 493x1 49250 602 TOTAL INCOME 91732 92.732 EXPENDITURE Ch8rithbl¢ncii¥i¢ie5 57.130 57.lJO TOTAL EXPENDITURE $7.lJO 57.ljo N¢1 Mov¢m¢#t IJ FIn￿s Recondli*tiD# of fwnds: Total funds broughi fonvard Total Fund5 CArrl¢d F•rwAnl 14&1S The Ststement of Financial Aciiviii¢s in¢lyd¢s all gains and losses recognised in the period. All incoming resources and resources ex￿￿kd derive from Continuing a￿•VIlle5. The notes on page5 7 ￿ 12 f(m part of these fmancial statements PAge O GRACE ENTERPRISES NOTTINCHAM LIMITED (* liThited by Ruarantee) Comp#ny Registration Number 12579103 BALANCE SHEET 31 AUGUST 2021 2021 FIXED ASSETS Investments CURRENT ASSETS DebioT5 Cash ai bank and ift hand 12 347 38J67 3&714 CREDITORS: Amounts falling due within one year 13 13.113) NET CURRENT ASStTS 3&601 NET ASSETS 14 35ffj02 FUNDS Unre51ricted funds Restricled fund5 14&15 35ffj02 TOTAL FUNDS 35ffj02 The charitsbl¢ wnpany is eniitled io eXemN1￿ from audit under secti￿ 477 of the Companie5 Act 2006 for the peri(4J ended 31 Aygu512021. The members havv not Ftyuired the charitable company to obtain an audit of its fmancial statements for the period ended 31 Augu5¢ 2021 in acciydance with Serti￿ 476 of the Companies A￿ 21J)6. The tntsiees acknowledge their r¢sponsibilitie5 for. ensuring ihat the charitable company keeps proper accouniing rec(vds which ¢omply with Sections 386 and 387 of the Companies Act 2006. AT (li) preparing financial swements whieh give a Irue and fair view of the wte Df affair5 of the charitable company a5 at the end of the financial period 8T￿ of its surplus or defKit for ihe finartcial pcriixl in accordance with the requirements of Sections 394 and 395 atKI which otherwise comply with the requirvments of the Companie5 Act 2(MJ6 relating to financial Stslemen￿ so far as applicable to the charithle company. The financial 5talements have been prepwed in accordance with the special wivisiotts of Part 15 of th¢ Companies Act 2006 relating to small companies and with the FIna￿claI R¢pKKting Stsndard for Smaller Eniities (effeciive April 21)08). l4k.3)LCRsuW 2011 Approved by the trttstees on ...... . and signed on their khalf by: J.P. Colllng4 Ch#lr of Trustees The notes on pages 7 to 12 fomi part ofthese fIna￿la1 5tstqnents Pa¥e 7 CRACE ENTERPIUSES No￿1NGHAm LIMITED (8 company limited by guarantee) NOTES TO THE UNAUDITED FINANCIAL ￿ATEmENTs FOR THE PEIUOD FROM 29 APRIL 2020 TO 31 AUGUST 2021 CHARITY INFORMATION The charity (regiuered nurnber 1189538) is a publ•c benefit eniity in¢orporn*d in the UK on 29 April 2020 a5 company limited by guaranttt. In the eveni of ihe dharity being wound up. Ihe liability in respect of the BuardntE¢ 15 limiied to £1 per member of the charity. Tr addre55 of the registered office is given in the eharity infomialion on page l of these financial MaLements. The nature of the chariry's operation and principal activities is the relief of unemployment for the publiG b¢Trrfi¢ in the Uniled Kingih)m in such ways as may be thought fil. BASIS OF PREPARATION OF THE FINANCIAL ￿ATEmENTs BA515 ofpreparatloTr and Assessm¢•t orGo1￿ c•￿e￿ The charity ¢OllStitutes a public Etnefrt eniity 05 (kfined by FRS 10? The financial st*ements have been prepared on a going concern b&sis UThler the historical c05t convention and in accordanc¢ wilh applicable accounting s￿￿￿ardS. Ihe Ststement of Recommended Practice: Accouniing R¢porting by Chariiie5 preparing their accounts in acrordance with ihe Financial Reporting Standard applicabk in the UK and Republic of Ireland (FRS 102) issued in (ktober ?019, the Financial Reporting SLandard applieable in the UK and Republic of Ireland (FRS I￿). the Charities Aci 2011 and the Ci)wnpani¢5 Act 2006. The tTUStee5 consider thai th¢re are no material untertaiNie5 about the charity's ability io conlinue as A goirbg concern. ACCOUNTING POLICIES {a) Income Retognitton All incoming resources are itieluded in the &atement of Financial Aciiviti¢5 when the chariry is legally enliiled io ihe in¢ome. after any ￿rf￿rnanCe c(#)ditions have E¢cn meL the afflount be measured reliably arbd it is probab]e th* the income will be reeeivtd. Grants and do•*ti(Ms Where doncffs specify that grnits and don*ion5 given to the charity mum be In firture a¢counllng period5, the income is deferred until those period Where donors impose condilion5 which have io be fulfilled before the ¢hority be¢omes entitled to use such income. the intome is deferted aTrd included in iThroming resources until ihe pre•condiiions for use hav¢ beal met. Donated a5xI. services and laeililios Donated as5ei services and fa¢illli￿ are only included in 1￿cHnIng ￿SoUrCeS (with equivalenÉ amounts in resources expet¥J¢d where applicable) where the benefit to the charity 15 reasonably quanlifiable. measurable and malerial. The value placed on these ￿urceS 15 the estimated value of (he asseL services or facilities reeeived which is the amouni ihe th4rity would have beeTh willing to pay to obtain the asse4 services or facilities of equivaleni Konomic benefil on the open marteL Management fees similar tncome Fees receivable and charges for scryic¢s provided are accounted for in the period in which the service is provideii. (b) Re50llrees Expended Resource5 expended are ￿08n15¢d in the year in which they are and are shown inclusive of any attributable VAT. which t￿￿01 be recovere (c) Unrestrkted Restricted F•nds Unrestriaed funds comprise incorne received or genernted by reference to the genernl obiecls of the chariry without further 5pecifKd purpose. Su¢h futh may however be designaied by th¢ trustees for Specific puryk)ses from time to time. Re5tricied funds ￿ those donated for a specifjed PUryM)se a5 laid down by the donor or Is i resuli of a specific appeal or application. Such funds are kept s¢part¢ from the unrestriued funds of the thariry and only rela*d expenditure is char8ed again4 th¢m. P4ge8 GRACE ENfERPIUSES NO￿11¥GHAm LIMITED (a roffjp8lly liwiied by g￿n&t¢¢) NOTES TO THE UNAUDITED FINANCIAL STATEMENTS FOR THE PEIUOD FROM 29 APIUL 21120 TO 31 AUGUST 2021 ACCOUNTING POLICIES (Coithnuedj Id) Inve51meDts Investhients in unlisted subsidiaries me&%ured at cost k5s irnpairnieni. Ie) Flnattelxl Instruments Th¢ ¢harity only has financial assets and liabiliiies of a kind thai qualify as basic financial instrllments. B45ic financial in5miments are inikially reco￿15¢d * trnnsaction value and sub5¢qy¢nily measured at their settlement value. Any losses #rising from impainneni are recognised in cxpendilure. 4(#) INCOME FROM CRA wr& DONATIONS AND LEGACIES UAreslrided FwAds 2021 R¢stritted Funds 2021 Tothl Furtd5 2021 These compri5e'. Grdnt income- The Thomas Fa Charity Gift5 and don￿lOnS 37 37J80 41880 The charily bcnefits from the involvement and enth￿sIa￿l¢ Supp￿ of its volvnittrs. In accordan¢e with accounting 51andards. Ihe economie contrilwiion of general volunteers is not m¢a5ured in ihe accounts. 4(b} INCOME FROM CHARITABLE AcfiviTIES UDrtstrbtled Restricted Finds 2021 Tvt*l Funds 2021 Managemeni fees 49250 49JSO 4(cl OTHER If4COME Uortslritled FuDds Re5trir¢ed Finds 2021 Totsl Funds 21121 2021 Compensation Other 525 525 77 602 602 ANALYSIS OF EXPENDITURE ON CHARITABLE ACTIVITIES Unwlrkl¢d Restricted Fund5 2021 Toi41 Fyids 2021 2021 Salaries Employer's n&ional insurance Staff training Pension costs Bu5ine5s development Support cos GoveTnance COSL% 4&756 (2.143) 48,756 (2,143) 60 1,098 3,120 3.839 2,400 3.120 3039 $7.1 S7,13D P#2e 9 GRACE ENTERPRISLS No￿INGHAm LIMITED (3 cowp4ny I1￿1¢¢d by gMMrAnlee) NOTES TO THE UNAUDITED FINANCIAL sfATEMENTS FOR THE PEIUOD FROM 29 APRIL 2020 TO 31 AUGUST 2021 ANALYSIS OF SUPPORT COSTS U*Te5trirte41 F•nd5 RE51rirtEd Fuids Totsl Funds 2021 Salaries Advertising and marketing Bank fee5 General expenses IT 50ftware and consumabl¢s &Jbscriptions Trdvel 1.918 70 185 1,918 70 185 488 179 179 3039 ANALYSIS OF COVERNANCE CO U•re5trided FINds Restrkted Fu•d5 2021 Totsl Funds 2021 A¢¢ounlancy fees 2,400 REMUNERATION OF STAFF, TRUSTEES AND KÉY MANAGEMENT PERSONNEL 2021 Salarie$ and w?ge5 Employer's national insurdnee Pension costs 50.674 (2,143) 1.1198 49,629 The total employmeni benefit4 including employer pension contribuiiiffjs. of key management personnel were £49,628. No employtts earned £60,0(Kl per annurn or more. The avernge monthly nufflbef of staff employed by the ¢harity during the period was as follows: 2021 No. Dirrfi rharilable work Administrative The full-iime equivalen¢ number ofsthtTemployed by the ¢harity dwing th¢ period wa5 NO. No trlbsiees were reunbursed atby expenses during the perivd under review. No remunera¢ion wa5 paid to any tn￿tt Or￿ any conneded with them dvring the peric4J under review. NET INCOMING RESOURCLS FOR THE YEAR This is staled afler Charging: Independeni Examiner's fees- independent examination - accounting and other services 800 1,6011 Page 10 GRACE ENTERPRISES NOThINCHAM LIMITED {# tornpa4y limited by guarnntee) NOTES TO THE UNAUDITED FINANCIAL STATEMENTS FOR THE PEIUOD FROM 29 APIUL 2020 TO 31 AUGUST 2021 10. TAXATION HM Rev¢nu¢ & Customs Chariiies Division have appoved the charitsble slatU5 of Grace Enterprises Nottingham Limited and its in¢ome is therefore exemN fr(xn tax. widrr Seclions 505 and $06 of the Taxes Aa 1988, provided that it is applied for charitable purposes only. I I. FIXED ASSET INVESTMENTS Other livestm¢nts Addilions ai co At 31 August 2021 Fixed as5ei investments are measured at CO￿ less impai￿ent on the basis that ih¢y r¢pre5cni shares in eniilie5 that are not publicly traded ?￿j for whith the fair value cannot othenvise be measured reliably. The above investment refleas a 100% holding in the ordinary Sha￿ capiial of Radiant Cleaners Limited (Company Number 11074139). Its re8i51ered O￿tre is I Ca511e Boulevard. Nottingham. NG7 IFT. AI 31 August ?0? I, the aggregate capitsl and reserves of the company amountrd 10 £13.827 and the gr055 inwme, expendilure and wofii for the year amoun*d to £229.703. L716J92 and £13Jl I re4Kaivety. 12. DEBTOKS Sundry de￿Or$ and pr¢payments 347 13. CREDITORS: AMOUNTS FALLING DU£ WITHIN ONE YEAR 2021 Trade crediiors and accNa15 Other creditors Social Security and other taxES 2.41)D 712 3.113 14. ANALYSIS OF NET A&SETS BETWEEN FUNDS Unre5trided FMmd5 2021 Re5trirted Funds 2021 Tothl Fund5 2021 Fixed assets Net current ass¢ts 3&6DI 35,601 3S6D2 35,602 Page 11 GRACE ENTERPRISES NOThINGHAM LIMITED (4 company lirniltd by gu#ran(ee) NOTES TO THE UNAUDITED FINANCIAL sfATEMENTS FOR THE PERIOD FROM 29 APRIL 2020 TO 31 AUGUST 2021 15. MOVEMENT IN FUNDS At 31￿1 Expenditure TraA$ftrs Unre5trict¢d Funds Generdl 91732 57,130 3S602 Tothl Funds 91732 57.130 35,602 16. RELATED PARTY TRANSAcfioNS Tottl unrestricted donation5 received from In￿Ce¥dIrect(￿s during ihe un(kr review amounied to £240. Grace Enterprises Nottingham Limited 15 the parent company of Radiani C]eaners Lirnite(L During the perio income receivable from ihe subsidiary was as follows". Donaiions Fees for managemen¢ servi￿5 49,250 Mr& LL H4y W115 a diTeCtor of Grnee Chwrch NottlnzhAm IAmited during the period under review. Transaclions be￿Cen Grace Enterprises Nottingham Limi*d and Grnce Church Nottingham Limiied during the period were as follows: 2021 Donalions received from Grxe Chureh NottinghDm Limited 12,896 Mr. J.P. Collinge. Mr5. KJ.K Crookdake Mr& LL Hay were directors of Grg¢e Comp*nlos Lt(L Trdnsuctions beiween Grnce Enterywises Nottingharn Limited and Grace Comp￿1¢5 during the period wer¢ s follows: 2021 Don*ions received from Grdce Companie5 Ltd 5,914 On 18 June ?O?O, the charity entered illlo a Busines5 and Assd Trdnsfer Agreement with Grace Companies Lid under which the charity purchLrf as a going concem, all ofthe a$5ets and liabiliiies of GTace Componies Ltd for £1. 17. CONTROLLINC PARTY Throughout the puiod unthr T¥view ¢he charity was under the control ofthe Board of Trustees. Pago 12 GRACE ENTERPRISES IW40Th1NGHAM LIMITED (s ¢omp4Dy liJwil¢d by guarantee) NOTES TO THE UNAUDITED FINANCIAL sfATEMENTS FOR THE PEIUOD FROM 29 APRIL 2020 TO 31 AUGUST 2021 I& FINANCIAL INSTRUMENTS The carrying amounts of the eharity's financia] instruments are as follows: FlnAneial Assets 2021 Debi instrnments measured at amortised c Oiher debtors 14 Equity instruments me&sured ai cost less impaiTmenl Fln8nclal UAbI1511es 20ZI Measured * amorti$¢d ¢05r. Oihcr ¢r¢ditor5 There We￿ no incorne. exper￿5. nel gains or10sse5 allributsble io the charity's f￿ancial instruments.