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2025-05-31-accounts

Docusign Envelope ID: 206956FF-F3B9-4E20-97F1-1C87EE800906

Grace Life Church Ltd Charitable Company Limited by Guarantee Year Ended 31 May 2025

Company Registration Number: 10933584 Charity Registration Number: 1199130

Grace Life Church Ltd

Trustees Annual Report and

Unaudited Financial Statements for the year ended

31 May 2025

1

Docusign Envelope ID: 206956FF-F3B9-4E20-97F1-1C87EE800906

Grace Life Church Ltd Charitable Company Limited by Guarantee Year Ended 31 May 2025

Table of Contents

Page
Trustees’ Annual Report (incorporating the directors’ report) 3
Independent Examiner’s Report to the Trustees 8
Statement of financial activities (including Income and Expenditure account) 9
Statement of financial position 10
Notes to the financial statements 11

2

Docusign Envelope ID: 206956FF-F3B9-4E20-97F1-1C87EE800906

Grace Life Church Ltd Charitable Company Limited by Guarantee Year Ended 31 May 2025

Trustees’ Annual Report (Incorporating the Directors Report)

The Trustees, who are also the directors for the purposes of Companies Act 2006, present their report and the unaudited financial statements of the charity for the year ended 31 May 2025. Grace Life Church Ltd was registered as a charity with Charity Commission on 30 May 2022, charity number 1199130. The Trustees present the annual report to provide the necessary details for the charity. The trustees have adopted the provisions of Accounting and Reporting by Charities; Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

Reference and administrative information

Grace Life Church Ltd

Registered charity name Grace Life Church Ltd Charity registration number 1199130 Company registration number 10933584 Principal office and registered office 5 Wakefield Road Drighlington Bradford England BD11 1DH

The Trustees

Marian Angela Surgenor Margarite Kamanken-Bille Andrew Philip Grimshaw Alison Grimshaw Danny Akufuna

Accountants

Ace Consult Accountants Ltd Chartered Management Accountants 30 Briardale Walk Altrincham WA14 5GU

3

Docusign Envelope ID: 206956FF-F3B9-4E20-97F1-1C87EE800906

Grace Life Church Ltd Charitable Company Limited by Guarantee Year Ended 31 May 2025

Trustees’ Annual Report (Incorporating the Directors Report)

Structure, governance, and management

Grace Life Church Ltd is a charitable company limited by guarantee without share capital. Grace Life Church Ltd was registered as a charity with the Charity Commission on 30 May 2022, charity number 1199130. Prior to this, Grace Life Church Ltd was a company limited by guarantee without share capital, company number 10933584 with Companies House.

Description of the charity

Grace Life Church Ltd is a small but growing community of Christian believers. We have a vision to serve the needs of both the members of the church and also those who may not attend services but live in our local area. We aim to care for people's spiritual, physical and mental needs. At the moment the majority of our activities are funded by the members of the church but we are increasingly looking for outside funding for our activities.

Recruitment and appointment of Trustees

All of the five trustees of the charity are also directors of the company limited by guarantee. These are

Marian Angela Surgenor Margarite Kamanken-Bille Andrew Philip Grimshaw Alison Grimshaw Danny Akufuna

Trustees give their time voluntarily and receive no benefits from the charity. Pastor Andrew Grimshaw however is salaried for the pastoral work of Grace Life Church Ltd

Recruitment and appointment of new trustees is in line with the articles and with the consent of the trustees. Suitable candidates are those who are sensitive to the needs and demands of the organisation and have relevant skills and experience.

In order to bring a range of skills and cover the broad reach of the charity, the trustees are from backgrounds that reflect the diversity of the people that the charity works with.

Trustees induction and training

New trustees are briefed by the existing trustees on the objects and operations of the charity and are referred to the guidance for new trustees published by the Charity Commission.

In addition, all new trustees are encouraged to read the Memorandum and Articles and discuss any queries arising from this with existing trustees.

All trustees are expected to be familiar with the work of the charity and get involved in events and services regularly. The charity places emphasis on staff and volunteer development and trustees are also sent on training courses seen as beneficial to the charity. All trustees are expected to broadly agree with the ethos of the charity and the statement of beliefs.

4

Docusign Envelope ID: 206956FF-F3B9-4E20-97F1-1C87EE800906

Grace Life Church Ltd Charitable Company Limited by Guarantee Year Ended 31 May 2025

Trustees’ Annual Report (Incorporating the Directors Report)

Trustees also discuss the future plans of the charity in relation to the objectives of the charity and ways to secure and strengthen the financial position of the charity. Plans for the charity are also put to the AGM at least once a year.

Additional governance issues

The charity is funded by donations.

Organisational structure, affiliations and day to day operatlons

Pastor Andrew Grimshaw, a trustee and director of the company, oversees the day to day running of the company mainly assisted by volunteers. Other trustees are also regularly involved in the work of the charity through the year.

Objectives and activities

Registered objectives

5

Docusign Envelope ID: 206956FF-F3B9-4E20-97F1-1C87EE800906

Grace Life Church Ltd Charitable Company Limited by Guarantee Year Ended 31 May 2025

Trustees’ Annual Report (Incorporating the Directors Report)

Main activities

The past year has been an exciting time for the church. The membership continues to grow and as a result we have been able to achieve more. We have made a start on the community garden and an orchard by building ten raised beds. Much of the work was carried out by members of the public from our local area. The plan is that these will be planted and food grown that we can then prepare in our kitchen. This will help provide food for a lunch club for those that require hot food. A couple of trial meals have successfully been cooked and served. This has shown us what we need to do to provide a full meal service next year.

Summary of the main achievements during the year

We have also been able to greatly improve the building by replacing 75% of the roof, replacing the old toilet facilities with brand new ones and re-plaster parts of the building where water had come in and damaged the walls.

The food bank continues to serve the people within our locality. We estimate that we are now feeding about 150 people each week. The links that we have made with food providers such as M&S, Aldi and Sainsbury's has greatly increased the amount of food that we can serve. The food bank has proved to be a great way of getting to know people and consequently we have been able to assist many who have health needs and housing needs. We purchased a caravan to allow a man who was rough sleeping on our land to live for a short period. He has now been moved into a council facility, but he is still in regular contact with us.

A great part of what we do is to spiritually feed both those who are members and regular church attenders, but also those who may have lapsed faith, no faith or another faith. This in part is where some of the numerical growth of the church has come from.

Achievements and Financial performance

The charity received donations and grants during the year amounting to £90,250. The charitable expenditure was made in line with the stated objects of the charity. The charity incurred £46,358 (including depreciation of fixed assets of £5,754) of support and governance costs during the year resulting in a surplus for the year of £43,892.

The charity received grants amounting to £40,463 in the year ending 31 May 2025.

The charity has governance costs that comprise professional fees and other administration costs. This is in addition to the support costs of the charity as disclosed in the notes to the accounts. The governance costs mainly comprise of costs of keeping the assets of the charities in reasonable working order.

6

Docusign Envelope ID: 206956FF-F3B9-4E20-97F1-1C87EE800906

Grace Life Church Ltd Charitable Company Limited by Guarantee Year Ended 31 May 2025

Trustees’ Annual Report (Incorporating the Directors Report)

Reserves policy

The Trustees acknowledge that the Charity requires reserves to protect the organisation and its charitable program by providing time to adjust to changing financial circumstances, such as an unexpected reduction in income or increase in costs.

It has established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets held by the charity should be at least one month of the expenditure and increasing this in the near future. The policy is also to keep the administration costs down and not to commit to any long-term programmes or financial commitments unless and until funding is secured for that particular program.

The reserves are needed to meet the working capital requirements of the charity and the trustees are confident that at this level they would be able to continue the current activities of the charity in the event of a significant drop in funding. The present level of reserves available to the charity as at 31 May 2025 is £103,429

The trustees' annual report and the strategic report were approved on 10 December 2025 and signed on behalf of the board of trustees by:

A P Grimshaw Trustee / Director

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Docusign Envelope ID: 206956FF-F3B9-4E20-97F1-1C87EE800906

Grace Life Church Ltd Charitable Company Limited by Guarantee Year Ended 31 May 2025

Independent Examiner’s Report to the Trustees (Incorporating the Directors Report)

I report to the charity trustees on the financial statements for the year ended 31 May 2025 which comprise the statement of financial activities (including income and expenditure account), statement of financial position and the related notes.

Respective responsibilities of Trustees and Examiner

As trustees (and also directors of the company for the purposes of company law) you are responsible for the preparation of the financial statements. You consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. You confirm that the charity's gross income did not exceed £250,000 and I am qualified to undertake the examination by being a qualified member of The Chartered Institute of Management Accountants (CIMA).

Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:

  1. examine the accounts under section 145 of the 2011 Act;

  2. to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and

  3. to state whether particular matters have come to my attention.

Basis of independent Examiner's report

My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ’true and fair view’ and the report is limited to those matters set out in the next statement.

Independent Examiner's statement

In connection with my examination, I can confirm that no matters have come to my attention that give me cause to believe:

  1. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or

  2. the financial statements do not accord with those records; or

  3. the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ’true and fair' view which is not a matter considered as part of an independent examination; or

  4. the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of lreland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Ace Consult Accountants Ltd Chartered Management Accountants 30 Briardale Walk Altrincham WA14 5GU

Date: 10 December 2025

8

Docusign Envelope ID: 206956FF-F3B9-4E20-97F1-1C87EE800906

Grace Life Church Ltd Charitable Company Limited by Guarantee Year Ended 31 May 2025

Statement of Financial Activities (including Income and Expenditure Account)

Notes
Income and endowments
Donations and legacies
5
Investment income
Total Income
Expenditure
Expenditure on charitable activities
6
Expenditure on administration
7
Total expenditure
Net Income/(Expenditure)
Gain/(Loss) on revalaution of Fixed Assets
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward		 2025
2024
Unrestricted
Restricted
Funds
Funds
Total Funds
Total Funds
£
£
£
£
49,787
40,463
90,250
39,187
-
49,787
40,463
90,250
39,187
-
-
29,860
29,860
20,234
16,499
16,499

14,925
46,358
-
46,358
35,159

-

-
3,429
40,463
43,892
4,028
0.00000

-
-

-
-
-
3,429
40,463
43,892
4,028
-
-

59,537
-
59,537
55,509
62,966
40,463

103,429
59,537

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The notes on pages 11 to 16 form part of these financial statements.

9

Docusign Envelope ID: 206956FF-F3B9-4E20-97F1-1C87EE800906

Grace Life Church Ltd Charitable Company Limited by Guarantee Year Ended 31 May 2025

Statement of Financial position

2025 2024
Fixed Assets Notes £ £
Property, Computer Equipment, Plant and Machinery 12 108,523 65,789
Current Assets
Debtors 13 - 2,700
Cash at bank and in hand 704 506
704

 3,206
Creditors: amounts falling due within one year 14 3,401 3,034
Creditors: amounts falling due after more than one year 2,397
 6,425
Net current assets / (liabilities) (5,094) (6,253)
Net assets 103,429 59,537
Funds of the Charity
Revaluation reserve - -
Restricted funds 19 40,463 -
Unrestricted funds 62,966 59,537
Total Charity funds 16 103,429
 59,537

For the year ending 31 May 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Trustees' responsibilities:

The trustees have not required the charity to obtain an audit of its financial statements for the year in question in accordance with section 476;

The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements were approved by the board of trustees and authorised for issue on 10 December

2025 and are signed on behalf of the board by:

A P Grimshaw Trustee / Director

M A Surgenor Trustee / Director

10

Docusign Envelope ID: 206956FF-F3B9-4E20-97F1-1C87EE800906

Grace Life Church Ltd Charitable Company Limited by Guarantee Year Ended 31 May 2025

Notes to the Financial Statements

1 General information

The charity is a charitable company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. Its registered office address is as shown in the Trustees report.

2 Statement of compliance

These financial statements have been prepared in compliance with Financial Reporting Standard 102 (FRS 102), 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland’, including the provisions of Section 1A "Small Entities" and the Companies Act 2006, the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Charities Act 2011.

3 Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and property plant and machinery measured at fair value through income or expenditure.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

At 31 May 2025, the charity has net assets of £103,429 (2024: £59,537). The trustees pledge their continued support to the charity. They are therefore happy to prepare these accounts on a going concern basis.

Fund accounting

Unrestricted funds held by the charity are funds that can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds held by the charity represent funds where there is a contractual requirement for it to be spent on a particular purpose and returned if unspent.

11

Docusign Envelope ID: 206956FF-F3B9-4E20-97F1-1C87EE800906

Grace Life Church Ltd Charitable Company Limited by Guarantee Year Ended 31 May 2025

Notes to the Financial Statements

Incoming resources

All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:

Resources expended

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Financial instruments

An increase in the carrying amount of an asset as a result of a revaluation is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Computer equipment: 25% on cost Plant and machinery: 25% on cost Buildings: 4% on cost

12

Docusign Envelope ID: 206956FF-F3B9-4E20-97F1-1C87EE800906

Grace Life Church Ltd Charitable Company Limited by Guarantee Year Ended 31 May 2025

Notes to the Financial Statements

Impairment of Tangible assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash- generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

4 Limited by guarantee

Grace Life Church Ltd is a registered charity and a company limited by guarantee and does not have a share capital. In the event of the charity being wound up, members are required to contribute an amount not exceeding £1 each.

5 Donations, Legacies & Other Income
Church activities
Donations from members
Investment Income
Bank interest
Gainsl(losses) on sale of fixed assets		 2025
2024
Unrestricted
Restricted
Funds
Funds
Total Funds
Total Funds
£
£
£
£
-
40,463
40,463
1,200
49,787
-
49,787
37,987
49,787
40,463
90,250
39,187
-
-
-
-
-
-
-
-
- - - -
- - - -
- - - -

13

Docusign Envelope ID: 206956FF-F3B9-4E20-97F1-1C87EE800906

Grace Life Church Ltd Charitable Company Limited by Guarantee Year Ended 31 May 2025

Notes to the Financial Statements

6 Expenditure on Charitable activities by fund type
Events
Donations
Intercompany activities
7 Expenditure on Administratlon
Repairs & Maintenance
Accountancy
IT Software and Consumables
Insurance
Bank charges
Miscellaneous
Depreciation		 2025
2024
Unrestricted
Restricted
Funds
Funds
Total Funds
Total Funds
£
£
£
£
-
-
-
1,200
29,860
-
29,860
19,034
-
-
-
-
29,860
-
29,860
20,234
2025
2024
Unrestricted
Restricted
Funds
Funds
Total Funds
Total Funds
£
£
£
£
2,097
-
2,097
508
1,994
-
1,994
1,671
65
-
65
362
772
-
772
732
21
-
21
11
5,795
-
5,795
6,686
5,754
-
5,754
4,955
16,499
-
16,499
14,925
-
-

8 Net Income/(Expenditure)

Net income/(expenditure) is stated after charging/(crediting):

Depreciation of tangible fixed assets
9 Independent Examination fees
Fees payable to the independent examiner for:
Independent examination of the financial statements
10 Staff Costs
The total staff costs and employee benefits for the reporting
period are analysed as follows:
Wages and salaries
Employer contributions to pension plans		 2025
2024
Unrestricted
Restricted
Funds
Funds
Total Funds
Total Funds
£
£
£
£
5,754
-
5,754
4,955
5,754
-
5,754
4,955
2025
2024
Unrestricted
Restricted
Funds
Funds
Total Funds
Total Funds
£
£
£
£
1,500
-
1,500
1,200
1,500
-
1,500
1,200
2025
2024
Unrestricted
Restricted
Funds
Funds
Total Funds
Total Funds
£
£
£
£
13,400
-
13,400
12,400
-
-
-
-
13,400
-
13,400
12,400

14

Docusign Envelope ID: 206956FF-F3B9-4E20-97F1-1C87EE800906

Grace Life Church Ltd Charitable Company Limited by Guarantee Year Ended 31 May 2025

Notes to the Financial Statements

11 Trustee remuneration and expenses

A P Grimshaw is a salaried employee of the charity. No other trustee is remunerated or on other benefits from employment with the charity

12 Property, Plant and Machinery
Cost
Brought forward
Additions
Disposals
As at 31 May 2025
Depreciation
Brought forward
Charge for the year
Eliminated on Disposals
Net Book Value
As at 31 May 2025
As at 31 May 2024
13 Debtors
Other debtors
14 Creditors: amounts falling due within one year
15 Creditors: amounts falling due for more than one year
16 Analysis of Charitable funds
General funds
Restricted funds
17 Analysis of Net Assets between funds
Tangible fixed assets
Current assets
Creditors less than 1		 01-Jun-24
59,537
-		 Property
Plant
Computer
Total
Equipment
84,658
18,534
825
104,017
45,469
1,955
1,064
48,488
-
-
-
-
130,127
20,489
1,889
152,505
21,534
16,212
481
38,228
3,890
1,553
311
5,754
-
-
-
-
25,425
17,765
792
43,982
104,702
2,724
1,097
108,523
63,124
2,322
344
65,789
2025
2024
Unrestricted
Restricted
Funds
Funds
Total Funds Total Funds
£
£
£
£
-
-
-
2,700
-
-
-
2,700
3,401
-
3,401
3,034
2,397
-
2,397
6,425

Income
Expenditure
Revaluations
31-May-25
49,787
46,358
-
62,966
40,463
-
-
40,463
59,537 90,250
46,358
-
103,429

year		 2025
2024
Unrestricted
Restricted
Funds
Funds
Total Funds Total Funds
£
£
£
£
68,060
40,463
108,523
65,789
704
-
704
3,206
(3,401)
-
(3,401)
(3,034)
65,363
40,463
105,826
65,961

15

Docusign Envelope ID: 206956FF-F3B9-4E20-97F1-1C87EE800906

Grace Life Church Ltd Charitable Company Limited by Guarantee Year Ended 31 May 2025

18 Related party transactions

The are no related party activities in this period.

19 Restricted Funds

As at 31 May 2025, the amount of restricted funds were £40,463 which were monies all spent on roof and toilets rebuilds.

16