GRACE CHARITY
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2025
REGISTERED CHARITY No. 284216
Broadfield
Lon￿￿
ECIA 78L
OX 339101 LrthW4
34 Bvthae stre
C81 2JD
Reathty RGI 2LU
152BE
DX 33W)I Ckn*24 OX 146120 Re*tty21 DX 38516 &yJthaTWa
+44101345 222 9222

GRACE CHARIIY
ANNUAL REPORT AND FINANCIAL STATEMENTS
CONTENTS
Pag•
Trus¢ees' Report
Independent Exarninerfs Report
Statement ol FinarKial Actmties
BalafKe Sheet
Noles lo the Financial Slatgments

GRACE CHARITY
TRUSTEES. REPORT
FOR THE YEAR ENDED 5 APRIL 2025
The Trustees a￿ F4eased lo K*esenl th￿"r annual Trustees. Re￿rt togethu v•th the firyanoal slatemenls of the
Charity for the year eTrJed 5 April 2025.
REFERENCE AND ADMINISTRATf¥E DETAILS
Ragislefed Charty nurnber..
248216
Prinap81 adthess..
L*¥ UK LLP
One Barlhob)mew Ck)s¢, Lond
ECIA 7BL
Twstees..
Mfs V Thc*nas
Dr L Hobby
A Appelbe
Mr W Thomas
Indépèndent Examiner..
Mrs Julia Strike TEP
One Barthok)maw Ch)8•. Lonth
ECIA 78L
STRUCTURE, GOVERNANCE AND MANAGEIIFENT
Govemlng doeumènt
The Chaiity is ¢ontroled by it5 90s*m1￿ d￿UMen1, a deed of tsust dalgj 17 Mard) 1969, and o)nstrttstes an
unin¢orpor•tgd thanty.
poinkn•nt ol TrUIt•￿ and Try•to• Inductoon and trtlnlng
Truslees are appoinled by deed New twstees a￿ brEled on lh￿ ￿gaI obhJaI￿S under charily Liw, the Charity
Comrn15&0n guidance on public berefrt. nfoM*d ol the contents ol the deed, dwslc￿-rnaki￿g processes and
recent financial perfomance of the chanty. Before lakirg on the ro￿ they mèet key adwsors and other Iruslees
Truste¢s are &ncouraged lo attend aForopria¢e external Iraning e%ents whwe these will laulrtale the undertakn'ng
ol their role
Rl$k Manag•m•nt
The Tru5ta8s récogntse thal they a duty lo ¥J8nlfy and risks lo whth the Chanty is exposed and lo
ensure appropriate conlrols are in placè to kyovide reasonable assurance frdud aryj ertor. The Trustees
have considered the main a￿a$ of risk and are ol the opinion that the Chanty has the ￿sourceS that. under
noftnal eondth.ons all￿ these risks 10 te mitigaled lo an acreptatA8 ￿1 in it5 day.l04ay op8r8tK)ns.
oaJECTp￿s AND ACT￿￿TnEs
The Charrty was cxeated by deed of trt￿t dated 25 January 1982 and eAists lo tenefil such kgally charitable
objects a5 the Trustees al Ihwr discre1k￿ select.
The Trustees conswjer appli¢XK)ns f(* grants at mee￿n95 and gen8ralty th[￿g￿Ul1he ￿ar.

GRACE CHARITY
TRUSTEES. REPORT
FOR THE YEAR ENDED 5 APRIL 2025 IconLI
Public 88nefil Ststernent
The Tiuslees have ￿ferred lo the gu￿anCe contain811 m Ihè Charity Cofflmkssth's genefal gUAjan￿ on public
benelrt when reviewng the Trust'5 aims aThl objeth¥es and ￿ pLgnning firture a¢￿￿￿"e5 and deoding on the
grants for the ￿ar The Charilvs objects are for the wbb"c be￿rrf. Those IojefAs are athieved by ￿rtue of the
gfanls made by Ihe Tnjstees to Chant￿$ ￿ EnglaTrJ and Wales and to indinlualsto assist ￿ their education.
ACHIEVEMENTS AND PERFORMANCE
The Trustees mel in person and wrtualty on various oCcas￿S to c￿Sider the charivs adivrt*s and
achievements during the yèar. Thè charila￿e d￿l￿)n9 were agreed. 18 grants m*Ja durin9 Ihg yoar
12024.. 151 as shown in Tr)le 2 to these acc(wffit$.
Tha Charty ￿t￿lU0$ lo $upport edwalbywl initkglNe. 0¢￿ AJrbbass8dors10A1
Ocean Arnb45sadc¥s waj cre*ed lo support ￿ctureS to st￿nts. some of ¥thith rnay be fi1rn￿ for future use
Assistance is also gNen lo Unrted Wortj co1￿*$, uirtialty wa Allantic Colloge. m creat¥)n of a new InlemalN)nal
baccalaurea18 C8nlrgd y￿￿ rnarir￿ enMrOnrn￿t5.
The Trustees have agreed lo sel aside approxNnal8ty £12.(￿ per annum to gJPPOrt Ihe tsaining and lactures
and also 51udenl prr£ès. In the hvo years the￿ ￿re 50m¢ •SJitional costs for the promotK)n Qf OA'5
educational inrtk8iNe. During this yyar there were no cthts alln'tr*Jt8d lo OA.
The Trusleas conknuè lo raM**4 OA anrtuaHy and rèFtyYt on to th& Thtiabvè and also the erè8th?n ol
sludenl pryes os they arise.
The Trust Funds We￿ hdd in in¥pstments and cash.
Income for tha year In the fomi ol dkndends amotsnted lo £44.15912024." £41,79n.
The rnarket value of the inveslfflenl$ al th¢ dole ol ts Balancg Sheel wa6 £709.364 12Q24.. £720.6491. The
Trustees saw a ¢Jecrease over the year ¥1 the ￿l￿e ol lh8 pcKff¢YN) and ￿M￿n caU1￿￿S abc*Jt future Invesimtrnt.
They are aware of the continuing econorn￿ ￿$1$ ar*J polth.cal uncertainty arwnd the worfd and the oryoing
impact these could have on inve61ments their values and the &isiThJ frcffl those investrneThts. They
are invested for Ihe long le￿.
FINANCIAL REVIEW
Charltablo Expendlturn
The 2025 grant5 lolalled £40.10012024". £19.013). or Ihese. £NIL12024. £NILI folated lo OA.
Other Expendliurg
Expènditure reL4ting lo the m*wenl. admITristrat￿n 90veffla￿ of the Chanty amtyJnted to £3,642
12024.. £5.5241, ￿s9 than 10A of Ihe Value of the Ch8ty ai 5 Awl 2025.
Investment Pollcy and Perfomun
Th8 Tru5tee5 have an in¥e5tm¢nt PK)rtloli) wilh M&G ￿)Mpn$ing sha￿$ n ther SlerliThJ Chafifund, wth units
Id in tM)th their Income and Aowrnulalion Fund5 The Inv8sknenl in this lund offers the Trustees the righl mix
of capital growth and ￿CoMe to tneet th&r and B acti¥Ely managed * M&G direLI. The Ttustees rnonitoT
the perfom)artt at their Meet￿9$ and vknen Ihe quarterly tepL¥t5 are re(X￿1.
The investment portfolKJ Sh￿ed a de(xease li market ￿￿Je over the pwj ￿re￿iSed losses of £14.468
12024.. £8,658). There were no realised gains or kJsses12024." none).
P4e2

GRACE CHARir
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 5 APRIL 20251conLI
Roserves Policy and g¢*ing concgrn
The Trustees only use Income an51ry during tath sear grants anL1 do ¥eThl rn￿￿ than their annual
Income each year It Is ￿>t envisag*J thai tsre ￿11 tye luturo t￿MM￿￿tS ihat 8xc*d fijtur? Inccrfne on an
annual basis the￿lOre the tru$w a￿ hwy rJJrr8nl re88r¥e Ky￿1. The TnJ5*85 are of th8 VBW that
Trust Is a going concem
Ex•mptlon• lyom DthcloAur•
The￿ are no exempiions from disL*6we.
The law applicab￿ to char￿?5 In Er%JLqThl & Wakn t•quir•s IlN• TnJ$t•8s to p(eparo statemonts for
each Iinanaal year which gwe a true aTrl Izir of Ihe Chanty arKI of wource$ arnl ap￿1¢8￿0￿
of resource5 of Charty for that penLxJ In prepanng Ihese financJal str￿entS. ts Trustses are requi￿4 lo
sew SUttsb￿ accountsThJ aTrl thèn IWI ¢X￿$￿t8￿ty.
mokglktyrn8nts 8Stmaltt that ar• 1•88onabl& and WLthnL
* state whether applicab￿ actounbng $tsThJard$ and ststements of rety)mmeTrJed pra¢tK* ha￿ been
lo11￿*d. su￿0¢1 to any departures disdosed aThJ e>yained In tha f•ar￿al staternents aThJ'.
prepare Ihe financwl 5tat8m8n15 on the gc¥ryJ t￿CeM basis unwrt is napwcw8tè to that I
¢hanty will contnue In cyralvjn
Th¢ Trusts8s are r•spon$iblfr lof kee￿r9 W￿Un￿r￿j rgwds tthsdoso +hth rg8sonab* 8￿r8¢Y IN8
rinancial positron of charrty aNJ whKh enabb them to ensure Ihal b)e rma￿4a1 $¢a*ments with
applicable law and regulat￿)n3 They a￿ also reSp0Th51b￿ for 5afèauardir¥J the assets of th8 Chanty and hencg
ror lakiThJ steps l(w Ihe prwontson aTrJ deteckn offraud aTrJ otrtsr vre•Aartss.
Slgned on bohaN olth• Iru•tw•:
O•te'.
71712025

GRACE CHARITY
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES IN RESPECT OF THE
FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025
I rerort to Ihe Tru5t88s on rny examinatiM of the acxxunts ol the Grace Chanty br the ended 5 Awl 2025,
which are set on pages 5 tr1 9.
R•spon8lblll￿￿ and b•8h of r•port
As the charrty tnjstees of Ihe Trust y)u are resw¥15ible Ic* the preparatNffi ollhe acI￿nts in aca)rdanr* with the
requrements of the Charities Act 2011 Ilhe Art).
I report In respecl of my examination of the Twsfs accounts carried ¢xrt und¥ secticffi 145 ofthe 2011 Act and in
carryng ou¢ my 8xarninalion I ha¥e all the ap[A￿atr￿e Th'fectK)ns giv￿ ty the Charrty C¢)mmission under
sectK)n 145151 Ibl of the Act.
Ind•pondgnt examlnorfs 8tsteTh•nt
I have completed my examinat￿. I c￿firrn Ihat no rnaterial mamers con* lo my attenlhm in conn$d￿n
with the exaTninalK)n giving mt caus• to that In any mateiial fespect".
accounling records were nol kept in rested olthe T￿￿t as requwèj by 130 Ort￿ Act,. or
the acKounls do not acoyd with those recNds.' or
tho accounts do not ccmpty wth the appI￿a￿e requ￿Men1$ c(knxrrung Ihe form and content of the
accounts sel out in Ihe Charities IAcwJnlS and Reports) Rèwtatx)ns 2CI]8 other than any
requirement that the a(o)unls and fairf m¥ %thich is rot a matter conSKlered a$ part of an
independent examinat￿.
I have no concem$ 8￿j h8¥• ¢omo ￿s$ no othai malt8(s •) eonneelion examination lo whth atlention
Should be drawn in thy6 reFtyJrt in wder to onablt a propèr und8tstandmg ol acto￿t$ to bo r8ached.
Mr5 Julia Slnke TEP
One Bartholomew Cbse
London
EC1A 7BL
Date.. 21
Page 4

GRACE CHARITY
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED S APRIL 2025
Unrestricted
Fund
2025
Total
2024
Nots•
INCOME & EXPENDITURE
Income and endowments Irom:
In￿StmentS
44.159.27
41,797
Total Incom• •nd endowments
44.159.27
41.797
Exp•ndlturn on:
Charftabh oxp•ndltyr•
Grants
Support costs
40.100.00
3,642.tyJ
19,013
5,S24
Total •xp•ndlturn
4J,742.00
24 $37
NET INCOMEIIEXPENLNTUREI
417.27
17.260
Nèt Ilossesl on inveslrnènts
114,468.041
18,6581
N•t l•xp•ndltureWn¢orne
114,060.771
Reconelllatlon of Fund•
Fund balan￿$ brought loThYard
751,721.21
750,119
Total fund• urrknd forAT4rd at 5 Aprll 2025
744,670.44
758.721
Page S

GRACE CHARITY
BALANCE SHEET AS AT 5 APRIL 2025
2025
2024
Flxed A888ts
Inv8slmenls
709.3H28
720,649
Curr¢nt A•Mts
Cash
35.306.16
39,602
Lu•.. Curr•nt Lkbllrt
Amount$ lalllng du• wlthln on• y••r
Broad1￿1￿ Law UK LLP
l.SS)
1.5))
Not Current A88ot•
36,306.16
38.072
Not A88•ts
744,670A4
758.721
Fund*
Unre51ricted fuTrJ5
744,670.44
758,721
Th8 finano81 sla￿nts wOTr￿d by tho Tnjstwi andwero th•f tthawty"
F Awelte- Tw$lee
Da￿".

GRACE CHARITY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2026
1. kcountlny Pollcl
The finanaal statements have been prepared under the historKal CO￿ con%Enb'on, wth the excepb'on that
inve5tm8nls are shown al rnarket value as al the babnce sheet dale and are ￿ accordano wlh the Slalement
of Recommended Prac*c*.' AccountiNJ and RtpthrvJ ty Chafit*s twepwng their actx)un15 in accordan¢% with
the Financial Reporting Standard ar•I￿a￿e in the UK and RepublK of Irplar¥J {FRS 1021 leftective, 1 January
20151 and the Charrt￿$ Act 2011. The Charty conslrtulès a puNic benefft ertrty as defined by FRS 102.
Hawng as585sed the Charrtl5 financial powtK)n and pkns for Ihe lore5eeable future. the Trustees are satisfied
that it remains appropr￿le to prepare finanoal statemenls on a g(ry cOr￿M bass. Where n8ces5ary
èslimales and jLKlg8rnent5 arg based on hisloarnl exper￿Ce and olhèr lxlots.
A Iiablrty 8nd rdat•d •xp8ndrtura s reeognised when ther• Ls a Wl or constrU￿.¥e oblgation al the balance
sheet dat8 as a resutt ol a pasl ebpnl. that it is likety lo be setyed and that I C￿ be m¢¥sured rdwbty.
Tlw UnrtstriLi•d Fund eompns•s Ihosa lurtds whth th8 Trustees are tree to use in accofdance wth the
charrtable objecls.
Charitabtè
ran
Grant5 are recognised vtheTh the Trustees have rn* o dec15th 10 makè a pawna)18nd th8t dèc4sbn had
èn cornrnunicated to the recpient and rt 15 probaue that payment wdl tske place Hwe¥er, the recognition of
any liabilrty wll be dependenl any cr￿d￿￿n$ attachry io the Commitr￿1.
In￿stmentS arè staled al market value as al S April 2￿15. In¥eslmwrt gains aTrJ 10%se5 are disdosed ￿ the
Stalement of Financpl Admties.
Investment Income and Bank I
ere
Investment income and tax recoverable are accowted for on a receNab1eba￿$.
2. Charitsbl• EX￿ndI￿re
2025
2024
Grants rnade during the ypa¥ tOtal￿d..
40,100.00
19,013
Supp(Kt cost5
Metro Bank tharges
Legal & Profe55ional
VAT (non recoverabk)
40
4,570
914
5,524
3.035.00
607.1Th]
3,642.00
43,742.00
24,537
Page 7

GRACE CHARITY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2025 IconLI
3. Investmonts
Mo%ements on quoted in¥e51meiits were as lollm.
2025
2￿24
Markèl value brou9h¢ forward
Add.. aCq￿lS￿l0nS at cost
720.649.04
3.183.28
726.449
2.858
723132.32
729,307
Nel 00￿) on rèwdlua
114.468.041
{8.6581
Market value at year end
709,364.28
72D.649
Hk%lortsl cost al year end
S36,12186
532.940
All Investments are ¥rtuaièd in lh8 UK listed w a rètr)gnised sloc* exthar¥Ja.
Investments which repr￿n1 5% ￿ more of the total ￿rt[ollO are &)nsidered ty th¢ tntslees lo be material aTO'.
2025
91 92%
808%
M & G Charifund- Inceffja Unrts
M & G Charilund- Units
4. In¥￿tment In¢om•
2025
2024
IrKome from UK In￿$1MentS
44.159.27
S. Movefflent In Fund•
202S
2024
un￿trIcted Fund•
General fund
Fund value brought lO￿ard
778,433.16
718,433
Net movemenl in lunds
114,050.771
8,602
Fund wdlue at year end
764,3
87.0
Nèt movemenl in funds labo*l. ￿lseS as fd1(Y￿..
2025
2W24
Unrestr?cted Funds
General lund
I￿ornIng
Gains arrfj ￿$Se$
44,159.27
14,468.04
29.691.23
41.797
8.658
33,139
Less.. Expendrture
43,742.00
24,537
114,050.77
8,602
Page 8

GRACE CHARITY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED S APRIL 202SlconLI
6. Truste¢$' Remunorniton and Exp•nse8
Ntsrnt of the Trusiees ha¥e b$8n pa￿ any reM￿￿ration w r8ceTh*d any beneffts Irom an emF4oyment wlh the
Charity or a related entty.12024.. £NILI.
No Trustee expenses have been ￿curred, K)r have there been any r*lataY party trar*athns in Ihe reporting
perioy Ihat require d*ek)su¥e.12024. £NIL in an rasesl.
Independent examination lees are charged but they a￿ part of Broadf*lJ Lw UK LLPS genet81 expenses.
The luncth)ns are carried out separalelywthin Broadfiekj Law UK LLP.
7. Employaes
The Trusl doe5 not haw any empbye¢s (2024. none).
P￿e9