THE GRACE FELLOWSHIP
REPORT AND FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2023
Reglsterad Charlty Num￿r.. 1194027
Company Numbgr.. 07265827 (England and Wale8)

THE GRACE FELLOWSHIP
CONTENTS
Page No.
Company Infomialion
Rewrt of the Trustees
Report of the Independent Examiner
Slalemenl of Financial Aclivth'es
Balance Sheet
Notes lo the Financial Slalemenls
8-12

THE GRACE FELLOWSHIP
COMPANY INFORMATION
R•gistered Company Number
07265827
R•glstered Charity Numb•r
1194027
Tru$t¢•s
John Tanton (Elderl
Joshua Tonton
Tracey Luckham (to September 20231
Paul Davis
Graham HO￿arKI {from September 2023)
K•y Manag•m•nt P•rsonng1
Trustees as above
Nigel Sharp (Elder
Malcolm Hoad IP851orl
Nigel Hoad (Eldor)
R•g18tgr•d Offl
St. Johns Chur
Singleton Road
Great Chart
Ashford
Ind•p•nd•nt Examln•r
Bergsfords
Chartered c¢rtrf￿d Ac(ounl
1-2 Rhodium Point
Hawkinge Business Park
Folkeslone
Kent
B•nk•rn
Lloyds TSB pl¢
Kingdom Bank

THE GRACE FELLOWSHIP
TRUSTEES REPORT
The Trustee5 yesert th*r rekK)rt aTrJ examined finarKial statements of charity lor the year enO&l 31 December 2023.
The Tntstees have ath)pied the provisKxts of ststerrwt of Recornmerxl￿J PfactKe ISORPI"AwuntirMJ and Re￿￿'n9
by Charities" IFRS 1U21 ￿ wepariThJ the annu￿ tep)rt a￿1 of the cjiarty.
The finan¢ial ststernents have L*en prepar•J ￿ xDJrdarKe the accoLmtir*J p)lici8s set in Ihe Th)tes to Ihe accounts
and comply ￿th the charity$ govemiNJ IJc￿r￿L the Chorf*S Aci 2011 Accountir¥J and RepJrtiThJ by Ch8rrtie5.'
Staternenl of RecommeTh1ed Practre a[￿ble to ch8nlw twarirvJ their acb)unis in &cordance witti the Financrdl
Reportiry StaTrJarts apF4ic4ble in IhE UK aTrJ of Ird8ThJ pU￿*y in OGtober2019.
obh¢ll¥￿ •nd •¢lltAlle•
The princlpal xb.vty is to &Jvance the ch￿tran larfh. • &tordarKe th ihe State￿￿t of bdief5 apFearing in the govemir
document, in $y¢h and in such pa￿ ol the Unrted Ki￿d0M or as Ihe Tntsiees ol Ihe charity from to time
think frt and to fu￿11 s￿h other Pu￿oseS are th8rit8bto xcor¢ir*3 to Iw of ErgLgThJ ar%J Wales 8ThJ ore
conneci&J with the ¢haritaNe *ork ol Ihe charity.
To relieve 9￿kr￿ arkl fin8nci81 hèrdshp pror￿ a￿1 p￿￿￿e good he8Mh by thè pffjv1s￿n ol Ilm￿$. gtr>95 or
seNKe5 of any kind. i￿luding through Ihe provIs￿)n ol co1￿￿11￿j aTrJ suprKJrt in such ol Ihe Unrted Kiwdom or the
world a¥ Ihe Tr￿11&*$ from t1￿ r
Publlc bonefflt stat￿nant
The Trustee5 confirm that tlw hav• referred ty) the the Chgrbty fA>mm48M8 general 9uldance oft
wbic benefil %**en revieww Ihe Chatys aims obiothts F4anniry future actN￿85.
A¢hkn*Thnts •nd PgrlonnMc• In fv P•rlod
The main method Ihai The Grwk Felk)wshw uses k) carry oth its chantabS• athity. whth provtyjes public benefit, is 1
provi$h)n of 8ible teachirMJ on a regubr b8Sk8 in servKes w kasi 0￿ exh week ¢Jev•bpmenl and use of
teaehing gifts of church mèmbets has teen thro￿ah Ihe ol pnnlgj resources on 8 le￿ing basis. a broad
parti¢ipaiwJn In the wular leadirg of meetiNJs provish)n Of t•&hity lor 8 5inrfKanl percenlage of the main ¢hur¢h
Serwces. The teach￿9 objeelive of th¢ Chanty was furtW ￿en￿j by 8n onhne twnce *ilh t￿￿hl￿a avsilable
•ith•r VIB 8 INe 51ream ￿ reconjed SI￿•5 on YouTubelZoJm.
During Ihe pernd. several peotAe h8ve st8rte*J regular atteThJance Mi respJn5e 10 Ihe of ¢he Chanty in teachi￿ 8nd
¥eeking lo INe the Chr￿lIan farth. ch8rty has been aclNe in seekiw to t¥J*J W wth the cornrnunity throk4h
t8rer toddlers group and 8 colfe• rTh)rn¥wa whKh are Open lo al. An Easter Farnity Trail an(1 Chrtstmas services are tsvo
examfv ol acts.vit￿ uThJertak•).
The provi$K)n of ￿chi￿ h95 been kepl in th.ne Ihe Charrtls $tat*J objecfft through ihfr apwintment of 8 full ￿.￿8
P8Stor. with addilh?nal teachiThJ 5UPPJrt provthj by 8 mixlure of memters of th¢ o)wwa¢KJn ex¢em81 preachets.
The 8dvgnce ol Ihe Christs'an Faith was sw)rted throu9h lh• provisth ol s￿lfIe tsachiThJ trj chlk1ren and youth from
the church famity and wnrnunty. Tho was ach*v&J Ihrowjh beekly SuThJay S¢Fthl classe5 Friday evenirs youth
oroup meetings whKh provhyed a SOC￿ SP￿￿1 to the INes of 8 of chikI￿n and teenagers. These
actwities have been $18ffed by volunteeis 8Th1 supported ty Ihe charity lor the c05101 equip￿￿1 aTrJ ￿n5￿m&b￿S.
The church buikJiThJ in Greal Chart ￿ Ihe mafry laThJible asset W by ￿ Ch8rtywh￿h 1$ ￿ in yjpwrt of its 81rn5 both a*
physical presencè 8Th1 8 venue for #C￿Vit￿5 Ihat seek to reach the commLMty. There was litue ¢aptal exrwrfjilure made
2023, with work on the buikjiw confined to mainienarte &iivity. bekm Ihe £1.(￿ c#kMalI5a￿n thT85hohJ.
The aims ofthe Chwity have abo W furttsr&J by ol sw to Ike mirnknj ir¥JwhfjuBls and organwtions.

THE GRACE FELLOWSHIP
TRUSTEES REPORT
Risk p￿IcY
The Trustees are resp)nsibk for Ihe Man￿eMent of the aThJ have thnbfttl roks lo Grace Felk)wship alxl
imp￿Mented appropr￿le controL%
The key Cont￿ used by the charity Ind￿..
. Comprehensive lanniw. tvJgthNJ aThJ tr￿nitori￿ ofexFeThditure
' Estsblished struc￿￿ of key roks cD¥eri￿ fina￿. ￿lIk)Ir￿j opwatw￿I thibe5
' Fornial written proce£JLJres such as Chi￿# ProlectKJn
' Forrnal written proc8dures for ii5k Bssessmenls for olf site actiwi*s
. Lewjership meetirg5 hekl *ilh loml wJeTrJas aThJ put4￿￿ miNrtes
. Clear avI￿riSa1￿n a￿* apwoval ￿1$ lor experwJrtur¢
' Professional examinatk)n wesentakn ofwwwal acc4yJn
' Tra[￿ler of risk through Inswance PolKies
' Provis￿)n of training for Fcc*J Safety c￿'by Prolect¥Jn
' En5uriThJ COM￿￿4r￿8 wlh th• GDPR lh8 fairtrealmgnt ol irbyivbjua
Idontlffled
A declln• In In¢omlny fin•n¢hl rnsour¢•s
We h8ve a reserves wlKy that albws the charity to txrffer the imw of a (le¢line in giwng. Th18 Wbcy alknw the
Operat￿n$ of Ihe charity10 contsnL* a year rflac&J *ilh 8 sKJnrf*wit dqdine ￿ r850Urn.
C•t•¥trophlc loss by Ilr•
The chanly h85 buihfjing insw¥nc¢ th* up to £369,315 to rthMhJry 8ThJ refit the premLses. In hnè b*ilh 8
number of other ehurches I￿￿k1 hire 8iiwnaiiv• 8£¢oftw￿n to meet in r8tsJik4ir¥J was car￿￿ out.
Loss old*r•
Th& organisats'on has data aTh1 syll•ff￿ 8*• rth3ardthJ as tthal Ar￿ F4v a proce86 01 regu18r back upg
that are slored securety.
Flmnclal Rovb•w
The th8rity is finarKialty deFeTrJent on ￿ ￿lUn￿ ol ts ￿￿berS Irom olher ir¥JivvJuals around Ihe UK. T¢)tsi
receipts lof the year 8mounied ￿ £74.378 12022.. £44.3571. ExpeTrJiture lotalbj £50,483 12022.. £43,1801. As a ￿$v￿ ol
these nK)veff*nts. 8 suwus of £23,89512022'. £1.1771 was for its i*ar. Al 31 0￿mber 2023 fuTrJ8 arnOunt￿ to
£235,70212022.. £211,807).
A¥ al 31 De¢ernber 2023 bkn was (xrt8￿ry the wrch8se of the b￿￿jire beiNJ r•p8ba in line
wth the schoduk s•1 by the leThlers. As thè arnunt I￿lir$ due in tes5 ¢han 12 rrKsTrths aFprgxim8tety 4% of the cash at
bank the reselves ot4'eciNe of the Chamy has W met at this A)ini. The Twstees ￿11 continut to r￿n1¢or the ChaNWs
a￿.Ity to me81 ts financ￿ ot4h3ath)ns.
R•••r¥￿ polky
The Trustees have revwed the 9eneral reserves hekl by the chaiity aThl leel Ihat Ih8y are TrJl exce5sNe gNen the goal of
empbwr¥J the p8Stor lull at some point ￿ the fulure. They 8150 aim to hokj m 9enwal reseNes an amount equivalent to
#t ￿881 1 y•afs nThtyago aThJ b)an paymnts with an *ldrttyJnal gerwal expe￿lit￿e.
Al 31 December 2023 desvjnaled hJnds affthni•J to t120.73912022.. £117.2371. Further detad5 ￿ te found in rote g.
At 31 December 2023 rest￿ted fuTrJ5 arnunt￿ to £592 IW22.. £7711. Furtherdetw"b can be fou￿￿ In rKJte 9.
Pay pollcy for k•y rnanagw1￿rf perwnnel
The Trustees consider that the Tn￿lee5 8nd the Ek1ers togetw fX)mKx¢e the key mar￿eMent pewnnel of the charity in
charge of dIrec￿.￿j and eontrolliTvJ. nJnnir¥J oFe¥8￿.￿ the chanty on a day lo day bas￿. The key rnanagemeni personnel
o are Inv0fv￿ In all decis￿ makirvJ arK) ￿[￿ble lor dby to day managernent Oftt￿ charity are detailed on page l.
All Truste88 gNe of Iheir t1￿ frEety aTrJ rn Tnthee rewwj rwrKwatr" Jn for the dutes of 8 Trustee durirYJ thè
year. The Charity empkTryed a port-time pas10r.

THE GRACE FELLOWSHIP
TRUSTEES REPORT
Pl￿* for th• lutu
Tf* atm Is for the church to in number as pw beco￿ Chrisliars aTh1 as otr*r ChrBb"ans pin the ¢hurch. This
growlh in nurnber *ill a￿0 irKrease the finamal base of the church. A5 ¥eswrces alknw. the Trustees would wsh to see the
Charity expand its activit*S. aThY the employ7￿ent of a pastor teaclw fulkbme 15 hekl as a key aim for the future. Duriry 2023
Malcolm Hoad eonbnued In h6 empkn￿. becomiro full D"me paS￿r *a¢her of Gra￿ FelkNship from April. The
church is now lookiThJ into cnnstructK)n rwects to expaTh1 Ihe Ib)r spxe of the c￿￿ent churth tAj1￿1[￿j lo make rt more
Useable forthe uTrJertaken to serye Ihp cluth Ihe commw¥ty.
Structur•
The chanty was incorrora¢wJ as The Grace Fdb4ts8hip. a wmpany h"mrted ty guwanlee aTrJ rnt hamng a share capital under
the Companies Act 1985, on 26 May 2010 and L8 govemul by its MernraThYurn of A550ciation as &1opted on incorporalk)n.
It 15 r￿lSter￿ 8s cornpany numL*r 07265827 h8kl excepleil charty statu5 re9iStefed a5 an affiliate of lh8 FIEC charty
number 263354 until 8 Aw"12021 when rt became a wi8ler&J chanty In ¢s own ￿h1. beirYJ gtven ts charity numter
1194027.
Gowrnan¢g ond Managgnxn¢
During ¢h8 y8ar the folk)wThJ were Twstees of Ihe charity.
John Tanton
Joshua Tanton
Trx¢y L(Kkh8m (to s9ptern￿ 20231
Paul Davi5
Grnham Hol￿ Ilmm Seri￿￿ 20231
The Trustees who seThed durirg 2023 are as detsw aiwe. Tl* thg rffjulre￿ts of the MeryK*randum of
A$sOCl8lh?n wthich govems tl* 8pwinlrnent of TnJ51ees.
During the ye8r. trustees We￿ ￿lM￿￿$￿ ex¢￿￿e5 urthr b)e ol sect￿)n t3.2 kn the MemDr&ThJum of Assoc￿1￿7￿.
See note 3 of Ihe financial $latements for dets4¥.
Tru•t•••' R••porffjlbllW
The Trustees Iwho 8re also for Ihe purp)ses ol company are lor weparirva the Trustees, Annuol
RerKrt and the fina￿191 ststernents in accor¢8rKe wilh aWKable Iw4 and Uniled KiThJ¢om AccouThtiTrJ Slar*ards lun￿e￿
Kiffjdom G8nero1ty Atc•pttd AccoLtnfr'rvJ Prxithl.
The18w applicabk lo ¢h8rfie$ In Er4*ThJ Wa* requires Ihe to pr8par¢ finarKk815¢8lernents for each financial
year which give a tsue and fair viv*4 01 the stste of afflai￿ ol the chanty and of th? in¢omiry resources and gf
resources of Ihe charity for thot year. In prep8rirKJ these finarwl st01eff￿ts. Ihe Trusiees a￿ wuired to."
. Select Suitab￿ xo)untr)9 OKies Itth appty ihem consi5￿ty.
. obseNe the meiho#s aTr1 sei in Charilies SORP 2015 IFRS 1021..
. m8ke J￿eMen1S and esbrr¢8tes thal a￿ reay0n9b￿ aTrJ WLhlent'.
. 5t8te whoiher apJicaLle stand&¥d$ have been folkywed. sut4ect to any material depthires doebstrj 8ThJ expL•in&J in the
financial ststernenl$',
. prepare the financi81 sts1eft￿ts ￿ the corKem Un￿ 115 wPF￿pn9te to t￿L$me the charty conlnue.
Thè TNstees r•S￿n￿l• lor kewNJ I￿per ￿cO￿l￿vd rw)rds Ihai ¥•lh reasonable accurncy ai any ￿'rne th•
rinarKial rx)srton of Ihe charity and enable them to ensure th81 the finawal slateff￿nts ¢>ynpty ¥¥rth the Charnw Aci 2071,
the Charity (Accounts aThJ Rep)rts1 RegIA8t￿￿ 2CK18 aTrJ the w0V￿￿)n5 of Ihe Me￿￿ndurn of Association. They are 8150
responsible for safeouardir¥J Ihe assets rf the charity aThJ for iakiNJ ￿SOna￿e *eps lor the p￿Ve￿IK)n and detect￿n
of fra￿1 arKI otw Irrgjularities.
Small company •xemptlon
The financial statement5 have been wepared in *ith of 15 of Ihe COmpw￿5 Act 2006
relating ￿ small companies.
Apwoved ty the Trustees 5vJned on thelr by.
Date..
IS-*-Z+-

THE GRACE FELLOWSHIP
INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES
I report to the charity Injslees on my examination of the atojunls fw the year ended 31 December 2023
which are sel out on pages 6 to 12.
RgsponslbllStSes and ba8ls of report
As the charity Iruslees of the company (and also its dtrectors for the purposes of company lawl you are
responsible fof the preparation of the accounts in accordance wth the requirements of the Companies Act
2006 (Ihe 2006 Act,).
Having satisfied myself that the accounts of the company are not fequired to be audited under Part 16 of
the 2006 Act and are eligible for independent examination, I report in respect of my examination of your
charity's accounts as carried out under section 145 of Ihe Charities Act 2011 I'lhe 2011 Acl'l. In carrytng
out my examination I have followed the directions given by the Charity Commission under section 145{5)
(bl of the 2011 Act.
Independent oxamlner's r•port
I have completed my examination. I confirm that no matters have come lo my attention in connection with
the examination giving me cause lo believe..
accounting records were not kept in wspecl of the rx+mpany as required by se¢llon 386 of
the 2006 Act". or
the accounts do not accord wrth those records,. or
the accounts do not comply with the a¢¢ounling requiremenls of section 396 of the 2006 Act
other than any reouiremenls Ihal the accounts give a 'true and fair vbev/ which is not a
maller considered as part of an independent examination.. or
the accounts have not been prepared in accordance wlh the methods and principles of the
Stsiemenl of Recommended PraCt￿e for accounlin9 and reporting by charities.
I have no concerns and have come across olher matters in connection y￿h the examination to which
allenlion should be drawn in this report in order to enable a proper understanding of the account$ to be
reached.
Mr Christopher Dodd
The Association of Chartered Certrf*d Accountants
Beresfords
1-2 Rhodium Point
Hawkinge Busines5 Park
Folkeslone
Kent
Date..

THE GRACE FELLOWSHIP
STATEMENT OF FINANCIAL ACTIVITIES
(INCORPORATING INCOME AND EXPENDITURE ACCOUNT)
YEAR ENDED 31 DECEMBER 2023
2023
2022
Note Unrestricted Restrlctod
Funds
Funds
Total
Total
Income from:
Donations
71.216
814
72.030
43,587
Interest Receivable
135
Other In¢ome
1,740
1,740
835
Total Incoma
71,824
2,554
74.378
44.357
Expendlture on:
Charitable activities
2&3
2,393
50,483
43,180
Total oxpandltur•
48,0
2,393
50,483
43,180
Not mov•m•nt In fund8
23.734
161
23,895
1,177
Tr8nsf•rs between funds
1340)
24.074
{1791
23.895
1,177
Reconclllatlon of funds".
Fund balances 311 January 2023
211.036
771
211.807
210,630
Fund balancos at 31 December 2023
235.110
592
235.702
211,807
All transactions are derived from continuing aclivities
All recognised gains or losses are included in the Statement of Financial Activities

THE GRACE FELLOWSHIP
BALANCE SHEET
AS A T 31 DECEMBER 2023
Note
2023
2022
FIXED ASSETS
Tangible assels
160,082
161,302
CURRENT ASSETS
Debtors
Cash al bank and in hand
7,077
78,840
5,569
58,613
85,917
64,182
Credltors: amounts falllng duo wlthln ono yoar
{4.462)
(4,207)
NET CURRENT ASSETS
81.455
$9,97S
241,537
221.277
Crfjdltors,. amounts falllng due after more
than on• y•ar
(5,8351
(9.470)
NET ASSETS
235.702
211,807
R•pre86ntad by
Reslricled funds
Oesignaled funds
General funds
592
120,739
114,371
771
117,237
93,799
235,702
211,807
For tho ffinanclal year endod 3108comber 2023 thg company was onllugd lo exemption from audit under BeC1￿n 477 of
the Comp8ni&s Act 2006 rel81irKJ lo sm811 ccrfnp8fti¢$.
TN$lees' ￿Sponsibl1111e$
rhe member5 h8ve nol required the wnp8ny lo obtsin 8n audit of ils finarKial statements for the year In qu￿S￿On In
accordance wth section 476.,
The Trustees acknovhedge their ￿spOnSibl1￿"eS for complylng vthh the roquIr&M￿lS of the A¢1 with respect to
accountin9 1g¢ord8 and preparatKX) offinawal 8talert*nts
These financial stalements have been pwared ￿ accordance vmh the special pro¥ishJns of Part 15 of th8 Companl&s
Act 2006 relating to small compani8S.
Tho financial ststem8nts appro￿ by the Board 0fTruSt￿ on
nd sbjned on its behalf by..
Tru$tèo
Company number 07265827

THE GRACE FELLOWSHIP
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2023
ACCOUNTING POLICIES
1.1 8asls of pr•paration
The Grace Fgllowship is a private limited company by guarantee antl wislergd charity with the Charity
Commission in the Unrted Kingdom and a regIste￿d company in England and Wales. The address of the
re9islered office of the chanty is given in the charity inlomialTron on pago 1 of these financial stslemenl5.
The nalure of the ¢hariVs operati¢)ns aThJ principal activitw aro lh& advancement of the Christian faith
and such other chantable purposes ?$ th& Twst88s shall from kn"m& lo ts.me determing.
The ¢omp8ny ￿n$t[tuteS a public benefft enlty as defined by FRS102. Th6 financial 5talements have
been prepared in accordance with A¢¢ounling 8rKJ Reporting by Charities.. Stslemenl of Recommended
Pr3¢lice applscable lo Char￿"eS prepaiing their accounts in 8¢cord8n¢e with the Financial Reporting
Standard applicable in the UK and Republic ol Ireland issued in October 2019. the Charitles Act 2011, Ihe
Comp8nie$ Acl 2006 and UK Generally Accepted Practi￿$ as il applies from 1 January 2015.
The financlal statgments ar8 prepared on a going ccKKem ba￿5 under Ihg hlstorfcal Cost convenllon. The
financial slatemgnts ar8 prepared in slérfing wh￿h is the functK)nal currancy of the charity round￿ lo th8
ng8r8s1 £.
The significant accounting polici85 4ppI￿ in the Pfeparalion of the finanrAal Statements are sel out bg1¢)w.
These policies hav8 boon con￿$10n11Y appli￿ to all yoaTS prtsented unl888 othepwise stated.
1.2 In¢omlng r•¢ognltlon
All in¢omtr is includèd in the St81emenl of Financlal Actfvilies {SoFAI when the Charity Is legally enlilled lo
the income after any perfomance ¢ondrtitins h8ve been mel. the 8mounl can be me85ure¢J reliably and it
s probable that the income will be feceived.
- Voluntary income including donations arKI Is Indudad in the SOFA when rec8ivabl8.
Investment income is induded whgn re¢eivable.
- Gift Ald paid by the UK govemm8nt on qualfyng ￿vIng 1$ reCO￿lsed when recelvable.
1.3 Exp•ndlturn r•¢ognttlon
All expenditure Is accounted lor on an aC¢n￿lS basis, is inclusive of VAT and has been classified Ltrnder
headings Ihat aggregate all costs related to thal category. Expenditure is recognised wh&n thgrg is a legal
or constructive obligation lo make payments lo third parties. it is probable that Ihe settlemenl will be
required and the amount of the obligalion can be measured rel¢8￿y.
Expenditure on ch8ritable activities comprises Ihoso ¢osis incurrgd by the charfty in the delivery of Its
activllies and services for lis beneficiaries. It indudes both costs allocated directly to such 8clivilios and
Ihos* costs of an Indirect nature necessary to ￿pi￿NI I￿rn.
1.4 Funds struetur•
Unrestricled income funds comprise those lurKls which the Trustèès are free lo use for any purpose In
furtherance ol the charitable obieclives. Unrestricled funds include designated funds where the Truslees.
al their discretion, have created a fund for a speufic PUTf*)se.
Reslrl¢tfjd funds arg funds that only bg used for parli￿lar T￿riCted purposos wllhin the obiocls of the
Charity. Resiriction artses when spectr￿￿ by th* dcwr or whfjn lund$ are raisgd for partl¢vl8r restricted
Pufposes.
If any rostrict8d fund falls into dgficit this wtll b8 mot by a transfor from the unrestrict8d fvnds.

THE GRACE FELLOWSHIP
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2023
1.5 T•ngibl• flxed assots and depreciation
Tangible fixed assets, other than freehold land. are slatetl al Cosl less depreciation. Assets which cost
less Ih8n £1,000 are not capitalised. Depreciation is provi(le(l al rales calculated to wrile off the cost or
valuation, less estimaled r8gdual value, of e￿h asset over its eXkWted useful life. as follows..
Freehokl buildings
Long Life Assets sepaiable frrm buildir¥J
Fixtures, fittings ansj equipmgnl
Computar equipment
50 years straight line
15 years straight line
5 years slraighl line
3 years slraighl lin
Land is not dèpro¢i818d.
1.6 P•n8lon contributl¢n$
The charity operates a defingd contritmjtion plan lor tho benefit of ils employeas. Contributions are
ex￿nsed as they becomg payable.
1.7 Tax
The charity Is an exempl charity within the mean￿0 of S¢hedub& 3 of Charltles Act 2011 and is
considered to p8S5 the lesls set out in Paragraph 1 Schedule 6 Finance Act 2010 ond Iharafore il meets
Ihfj definition of a ¢h¥rilable company for UK corporat￿Th tax wrrKises.
1.8 Golng concwn
The financial slatamenls have ken prepared on a goin9 conc8m basis as the Tru51ees believe Ihal no
malerlal uncertainlies exist. The Trustees hav¢ ￿nSIdered Ihe level of lunds held and the exk)&Cted level
of Income and expenditure lor 12 months from aLrthorising Ihese financial stslemenls. The budg&1gd
incomg and expendrture is sufficient ￿th the level of resems lor Ihe ch8Tily lo bo able lo conllnuo as a
going concem.
1.9 Judgtrm•nts and k•y sourc•s ol eBtim*tlon un¢•rtalnty
Accounting eslimates and judgements are ¢ontsnually evaluated and 8re based on hlslorlcol experignco
and other factors. includin9 exl￿tationS ol fulure evenls that are believed lo be rgasonablo und&r the
clrcumslances.
Useful economic lives of tangible assets:
The annual depre¢i81ion chaige for tangible assets is sensilive lo chan￿$ In the ostlmated useful
economic lives and regdual values of the assets. Tho useful economic Iivgs and residual valu85 are
reassessed annually. Thgy are amended when necessary lo rello¢1 ¢urront estimates, based on
technological a(fvancements. fLrture inveslment$, economic ulilis8lKM aThJ the phyy'cal condition of the
assets. See notg 4 lor the carrwng value of proptrrty. plant and oquipm8nl, and nole 1.5 for the useful
economic lives lor oach dass ol asset.

THE GRACE FELLOWSHIP
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2023
2 ANALYSIS OF EXPENDITURE
2023
2022
Dlr•ct D85i9nated R•strict•d
Costs
Fund
Fund
Total
Fun
Totsl
Fund$
Charttabl• a¢tlvlth*'.
EvaThJeli51ic eV￿ts
Minlsty costs lindudir#J vJ5ttiThJ yeackn8rs1
Missionary aThJ b•nwol
1,110
5.238
1.179
5.659
3.646
3.466
751
2,335
304
720
1.956
1.220
421
5.6
3.271
2.781
895
1,284
232
Insurancè
Subscriplh)r
Leg81 costs ISale9uorllng & Componlg9 Hw$6}
Interasl costs
Mainienan¢ellmprovemeTht I￿t capltal
Depr8cialbJn
olher
751
720
1.786
2,148
3,224
635
Go￿￿Th•A¢• ¢osts'.
lTrJepeTrJont •xamh)ws fe•
660
630
Tot•1 r••ourc•* •xp•nd•d
21.247
2.393
23.64CI
22.058
J STAFF COSTS AND KEY MANANGEIKNT PERSONNEL REMUNERATION
2023
2022
Gro$s wages
Employer'$ Nl
Empbyerfs pensknn
Conftt¢nc
25.333
20,144
1.280
230
26.843
è78
The av•rAg• numb•r ol•mthees ¢JuriNJ Ihe ye8r ¥0$ 1 12022.. 11.
There aro em￿oYeeS 14ilh em￿Uments above £OO,(W12022.' 01.
DurSTrJ the year £3.320 paKJ to tru51oe5 and dder5 for r*mtmeftwi ol CW eXpeTrY￿JfÈ. The roirnburs•meni c¥)vwed
a variety ol CA)$1 I*8d1￿5 inrJudiThJ ministy experses rnaffitenar￿ costs.
10-

THÈ GRACE FELLOWSHIP
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2023
TANGIBLE ASSETS
Froehold land
and buildings,
equlpment,
fixtures and
flttSno$
Cost
As al 1 January 2023
Additions
Disposals
Al 31 December 2023
211,160
211,160
DeprnGlatlon
A5 al 1 January 2023
Charge for period
Eliminated on disposals
Al 310ecember 2023
49.858
1,220
51,078
Net book valuos
At 31 De¢embef 2023
160,082
Al 31 December 2022
161,302
Included in Freetw)Id Property is la￿ which is not depreciated.
DEBTORS
2023
2022
GWI Aid reclaim due
Oihei debtors and prepayments
4,958
2,119
7.077
3,683
1.886
5.569
CREDrroRS: Amounts falllng du• wlthln one year
2023
2022
Other loans and mortgages
Other creditors and actnJals
3.426
1.036
4.462
3,293
914
4,207
CREDrroRS: Amounts falllng due after more than one year
2023
2022
Other loans and mortgages
5,835
5.835
9,470
9,470
The mortgag8 is secured by a legal charge over the property.

THC GRACE FELLOWSHIP
NOTES TO THE FINANCIAL STATEMENTS
YEAR EAIDED 31 DECEMBER 2023
8 ANALYSIS OF NET Asseys BeTWEEPI FUNDS
TanRlb
ed assets
N•t¢yrrent Non current
Ilab51ttfj&s
Totsl
Genefal lunds
Desgnated lufid$
Reslricied fijnds
84.2B9
13.4261
592
81.455
114,371
120,739
592
235.702
15.8351
160.082
5,835
CknskJnaled fund$ cc¥nprf8e the f(*y*ry'.
Tr•D¥f•r%
bat￿￿
fvnds
3,502
Valu•
D•slyn•t•d Dlr•¢t ¢￿ts
Surplus I
D•¥lgn•t•d Funds
Frn8hohJ ProF4rty
3.502
3.502
Tranif•rn
Rmtrict
Gl¥lng Dk•cl Ggsts
R•¥trl¢t•d Fundi
fvnd•
ID•fl¢ltl
Hlndleap
Sbknp Fr•¢ Grace Churthlstyjih East Youth
B•n•¥okne4 Fund
13001
Chw¢h ￿d01 •¥•Thts IBèQ & FITwryk¥l
421
75
Bu1￿￿9- ¢c4eto
168
Bubb
235
2.554
64
2.393
100
340
71
179
• FVNO BALANCES
A••131
D•¢•fflb•r
2022
A•at31
D•c•mb•r
2023
Surplui I
G¢n¢rnl Fund
Freeho￿ Prop•rty
Bubbles
Buikling- N•w toik818
SON and LKJhl- Tra¥d Eyns
Bène¥oknc
93.799
117.237
20,572
3.502
71
114.371
120.739
235
50
41
13WI
YOOG
Caring for LKe
Chrislrnis Oflerfng for k)cal {*
225
225
32
211.807
23.895
235.702
ob￿Cts offunds
Freèhokl Prope
The TW8￿?$ bave d8s*Tra¢ed I￿ fr¢ehold poperty. th8 a8￿￿1•y fiTrarKt liabllths. as Ihi5
$Sèl i% Ml freety aval•ble to ¥*nd but (8 W ¢0 a base from the chadty ean
undertake ds athvit￿.
The Ghwth runs a group fof tarets aTrJ l(*Jd*r8 The vdunlary dona1k￿l are aerx)unted for
Ih88e Finanrial Slalementswhwe IhBy offset lhEeY￿ndrtuIe on equpmeniand refreshmenls
The L*urt* runs a for rwF48 o¥er the 8ge 0150. The donation$ received a￿ accounled lor
withiTr these Fwial Slatwei)L% where tsy offset the expenditure w food, e4viprneni and
tran$wi.
C*JnThJ the ￿ the gen￿1 lund mei b8h¥ew reuNod ¥nd Ihtr ¢4sts
runnwig Ihe gityJp.
YOW￿ ofGod lYtK)Glis a 9￿Jp by fv thurth.
BubblBs
SoK¥nd L*hl
YC)OG
10 COMPANY STATUS
The Company ￿ a company knited by gU•an￿ and noi havirvj 8 tharfr ¢apl*. Every mefflL*r ol th& ctsmpany undertakes to
contribute in a windx)9 up sum not exceeding £10 wh151 IhEy are a c¢ year 8fter coa%r*J to be 8 membè¥,
IOW8rds debts arKI kabi1rt*5 u)nlrac*d te&)re cea*rKJ kn te a memtw.
-12-