Annual Report and Financial Statements
for the Year Ended 31 January 2024
Grace Publications Trust
Charlty registration number- 285237
Independent Examlners Ltd
2 Broadbrldge Buslness Centre
Delling Lane
Bosham
Chichester
West Sussex
P018 BNF

GRACE PUBLICATIONS TRUST
CONTENTS
Reference and Administrative Details
Trustees, Report
2to4
Independent Examiner's Report
Statement of Financial Activities
8alance Sheet
Notes to the Financial Statements
8t014

GRACE PUBLICATIONS TRUST
REFERENCE AND ADMINISTRATIVE DETAILS
Trustees
R Tlbbs
AMKing
A Prelock
N Graham
B Jones
A Gardner
A Constable (appointed 12 October 20231
Charlty Reglstration
Number
285237
Prlnclpal Offlce
clo Grace Baptist Charitie5 Ltd
62 Bride Street
London
N7 8AZ
Independent Examiner
G W schulz FCMA
Independent Examlners Ltd
2 Broadbridge Business Centre
Delling Lane
Bosham
Chichester
West Sussex
P018 8NF
Page I

GRACE PUBLICATIONS TRUST
TRUSTEES. REPORT
The Trustees present the annual report together wlth the flnancial ststements of the
charity for the year ended 31 Jar)uary 2024.
Structurei governance and management
Nature of governlng document
Grace Publications Trust is a registered charityi number 285237, and is constituted
under a Trust deed.
Recruitment and appointment of Trustees
The management of the charity Is the respDnsibility of the Trustees who are elected and
co-opted under the terms of the Trust deed.
Oryanisational stru¢turÈ
The charity has a management committee who are electedlre-elected annu?Ily at the
AGM and an executive to direct the work of the charity.
The charity has forrllulated, agreed and implemented policles In relation to privacy
(GDPRI, ￿serVeS, investments and risk assessment.
Risk management
The Trustees have assessed the major risks to which the charlty is exposed, in partlcular
those related to the operations and flnances of the charityi and a￿ satisfied that
systems and procedures are in place to mitigate exposure to the major risks.
Objectives and activitie5
Objects and alms
The principal object of the charity is to promote the better knowledge and understanding
of the doctrines of the the Christian faith as expressed in the London Confession of Faith
1689 and the Strict Baptist Affirmation of Faith 1966 and to do all such lawful things as
are incidental or conduclve to the attainment of these objects.
The charity aims to fulfill its main object by producing, acquiring, publishing and
disseminating literature of all kinds and the making and distributing of mechanical,
electrical and other recordings, films and visual aids.
Public benefit
The Trustees confirm that they have complied with the requirements of sectlDn 17 of the
Charitles Act 2011 to have due regard to the public benefit guidance published by the
Charity Cornmission for England and Wales.
Page 2

GRACE PUBLICATIONS TRUST
TRUSTEES, REPORT (CONTINUED)
Achlevements and performance
Once again we thank God for enabling the Trust to continue its work of publlshing sound
Christian literature.
During the year Grace Publications Trust produced and sold 4 new books including
"When Sorrows like Sea Billows Roll" 'Students and the Church" "God for sceptics" and
"Sermons fmm the schemes-. We reproduced "Crazy World and "the Balanced Pastor"
and have two further books in the prodvrtlon proces5 and are in the process of initial
conversalion with several other authors.
Dayone continues to be our 'fuifilment partner" by providing a warehousing and "pick
and post" facillty for all Gwf website sales. Dayone also continued to handle all our trade
accounts with UK bookshops and the distribution of Geneva Bible Notes (GBN).
We give thanks to the Lord fDr the faithful service of all committee and executlve
members, and for those who assist the Trust in editing and proof-readlng manuscripts.
Golng concern
After making appropriate enqLJiries, the Trustees have a reasonable expectatlon that the
charity has adequate resources to continue in operatlonal existence for the foreseeable
future. For this reason they continue to adopt the going concern basis in preparing the
financial statements.
Page 3

GRACE PUBLICATIONS TRUST
TRUSTEES, REPORT (CONTINUED)
statement ol Responslbilities
The Trustees are responsible for preparing the Trustees, report and the flnancial
statements in èccordance with the United Kingdom Accounting Standards (United
Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
The law applicable to charities requires the Trustees to prepare flnancial statements for
each financial year which give a true and fair view of the state of affairs of the charity
and of the incoming resources and application Df resources of the charity for that period.
In preparing these financial statements, the Trustees are required to..
select suitable accounting policies and then apply them consistently;
observe the methods and prlnclples in the Charities SORP,.
make judgements and estimates that are reasonable and prudent,.
state whether applicable accounting standards have been followed, subject to any
material departures disclosed and explained in the financial statements,. and
prepare the financial statements on the going concern basis unless it is inappropriate
to presume that the charity will continue in business.
The Trustees are responsible for keeping proper accounting records that disclose with
reasonable accuracy at any tlme the financial position of the charity and enable them to
ensure that the financial statements comply with the Charities Act 2011, the Charities
{Accounts and Reports) Regulations 2008, and the provisions of the constitution. The
Trustees are also responsible for safeguarding the assets of the charity and hence for
taking reasonable steps for the preventlon and detection of fraud and other
irregularlties.
The annual report was approved by the Trustees of the charity on 10 October 2024 and
signed on its behalf by:
Ait3r&*tr K
AMKing
Trustee
A Gardner
Trustee
Page 4

GRACE PUBLICATIONS TRUST
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF GRACE PUBLICATIONS TRUST
I report to the Trustee5 on my examination of the accounts of Grace Publbcatlons Trust
for the year ended 31 January 2024.
Responsibilities and basis of report
As the charity Trustees of Grace Publications Trust you are responsible for the
preparation of the accounts in accordance with the requirements of the Charltles Act
2011 ('the Act'l.
I report in respect of my examination of the Grace Publications Trust's accounts carried
c>ut under section 145 of the 2011 Act and in carrying out my examination I have
followed all the applicable Directions given by the Charity Commission under section
145(5)(b) of the Act.
Independent examlner's statement
I have completed my exarnination. I confirm that no material matters have come to my
attention in connection with the exambnation givlng me cause to believe that in anv
material respect..
l. accounting records were not kept in respect of Grace Publications Trust as required
by section 130 of the Act,. or
2. the accounts do not accord with those records,. or
3. the accounts do not cornply with the accounting requirements concerning the form
and content of accounts set out in the Charities (Accounts and Reports) Regulations
200B other than any requirement that the accounts give a 'true and fair view, which
s not a matter consldered as part of an Independent examination.
I have no concerns and have come across no other matters in connectlon wlth the
exambnation to which attention should be drawn in this report in order to enable a proper
understanding of the accounts to be reached.
G W Schulz FCMA
Independent Examiners Ltd
2 Broadbridge Business Centre
Delling Lane
BD5ham
Chichester
West Sussex
P018 8NF
10 October 2024
Page 5

GRACE PUBLICATIONS TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 JANUARY 2024
Unrestricted Restrlrted
funds
funds
Total
2024
Total
2023
Note
Income and Endowments from:
Donations and legacies
Charitable activities
Investment income
1, 145
53,236
870
2,015
53,236
980
54,818
Total Income
870
58,297
56.891
Expenditure on:
Charitable activities
46,B50
Total expenditure
46,850
Net
incomel(expenditure)
870
12,541
Net movement In funds
10,577
870
11,447
(12,541)
Reconciliation of funds
Total funds brought
forward
113 880
120,934
133 475
Total funds carried
forward
124 457
132 381
120 934
The notes on pages 8 to 14 form an integral part of these financial statements.
Page 6

GRACE PUBLICATIONS TRUST
BALANCE SHEET
AS AT 31 JANUARY 2024
2024
2023
Note
Current assets
Stocks
Debtors
Cash at bank and in hand
27,619
23,171
84.788
135.578
19,970
10,431
128,063
7,129
Creditors: Amounts falling due within one year io
Net assets
132 381
120 934
Funds of the charity:
Restrlcted Income funds
Restrlcted funds
7,924
7,054
Unrestricted income funds
Unrestricted funds
124 457
113 880
Total funds
li
132 381
120 934
The financial statements on pages 6 to 14 were approved by the Trustees, arbd
authorised for issue on 10 October 2024 and signed on thelr behalf bv..
AMKlng
Trustee
A Gardner
Trustee
The notes on pages 8 tD 14 form an Integral part of these financial Statements.
Page 7

GRACE PUBLICATIONS TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
l Accountlng policies
statement of cornpliance
The financial statements have been prepared in accordance wbth the second edition of
the Charities Statement of Recommended Practice issued in October 2019, the Financial
Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102)
and the Charities Act 2011.
Basis of preparatlon
Grace Publlcatlons Trust meets the deflnition of a publlc beneflt entity under FRS 102.
The accounts (financial statements) have been prepared under the historical cost
convention with items recognised at cost or transaction value unless Otherwise stated in
the relevant notelsl to these accounts.
Going concern
The Trustees consider that there are no material uncertainties about the charity's ability
to continue as a going concern.
Income and endowments
Voluntary income including donations, gifts, legacies and grants that provide core
funding or are of a general nature is recognised when the charity has entitlement to the
income, it is probable that the income will be recelved and the amount can be measured
with sufficient rellability.
Donations and legacies
Donations and legacies are recognised on a receivable basis when re￿Ipt is prtsbable and
the amount can be rellably measured.
Gift aid
Income tax recoverable in relation to donations received under Gift Aid or deeds of
covenant is recognised at the time of the donation.
Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be
measured reliably by the charityi thls 15 normally upon notification of the interest pald or
payable by the institutlon with whom the funds are deposlted.
Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be
measured reliably by the charityi this is normally upon notification of the Inte￿$t paid or
payable by the institution with whom the funds are deposited.
Page 8

GRACE PUBLICATIONS TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024 (CONTINUED)
Expendlture
All expenditure is recogni5ed once the￿ is a legal or construrtive obligation to that
expenditure, it is probable settlement is required and the amount can be measured
reliably. All costs are allocated to the applicable expenditure heading that aggregate
similar costs to that category.
Charitable artlvities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its
activities and services for its beneficiaries. It includes both costs that can be allocated
directly to such activities and those costs of an indirect nature necessary to support
them.
Debtors
Trade arsd other debtors are recognised at the settlement amount after any trade
dlscount offered. Prepayments are valued at the amount prepaid net of any trade
discounts due.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other
short-term highly liquid investments that are readily convertible to a known amount of
cash and are subject to an insignificant risk of change in value.
Trade creditors
Trade credltors are obllgations to pay for good5 or services that have been acquired in
the ordinary course of business from suppliers. Accounts payable are classified as
current liabilities if the charity does not have an unconditional rlght, at the end of the
reporting period, to defer settlement of the credStor for at least Lwelve months after the
reporting date. If there is an Ljnconditional right to defer settlement for at least twelve
months after the reporting date, they a￿ presented as non-current liabilities.
Llabilities
Liabilitles are recognised when there is an obligation at the Balance Sheet date as
result of a past event, it Is probable that a transfer of economic benefit will be required
In settlement, and the arnount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the charity anticipates it will pay to settle
the debt or the amount It has ￿ceiVed as advanced payments for the goods or services
It must provide.
Page 9

GRACE PUBLICATIONS TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024 (CONTINUED)
Financial instruments
The charity only has finar)cial assets and financial Ilabilities of a kind that qualify as basic
financlal Instruments. Basic financial instruments are initially recognised at transaction
value and subsequently measured at their settlement value with the exception Df bank
loans which are subsequently measured at amortised cost using the effective Snterest
method.
Fund structure
Unrestricted income funds are general funds that are available for use at the Trustees.
discretion in furtherance of the objertives of the charlty.
Designated funds are unrestritted funds Set aside for specific purposes at the discretion
of the Trustees.
Restricted Income funds are those donated for use in a particular area or for specific
purposes, the use of which Is restrltted to that area or purpose.
2 Income from donations and legacles
Unrestricted
funds
General
Restricted
funds
Total
2024
Total
2023
DoF)atlons and legacies,.
Donation5
Gift aid reclaimed
other income from
donations and legacSes
1,095
870
1,965
955
25
50
50
870
2,015
980
3 Income from charitable activities
Unrestricted
funds
General
Total
2024
Total
2023
Sales General
Subscriptions - Geneva Blble Notes
44,756
44,756
43,555
54,818
Page 10

GRACE PUBLICATIONS TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024 (CONTINUED)
4 Investment income
Unrestricted
funds
General
Total
2024
Total
2023
Interest receivable and similar income.
Interest receivable on bank deposits
5 Expenditure on charitable activities
Unrestricted
funds
General
Total
2024
Total
2023
Authors. edltors & readers payments
PDStage & distribution IGBN)
Marketing & advertising
Production & bought-in costs
Royalties
Postage, carriage & packing (books)
Printing & stationery
Insurance
Travel and subsistence
Bank interest & charges
Committee members expenses
Consultancy
Secondrnent
Sundry expenses
Independent examination
250
25D
10,558
3,297
732
24,640
2,686
13,IL7
124
325
1,041
768
607
5.507
5,480
2,643
22,676
1,069
8,191
51
355
877
876
196
1,319
7,631
136
580
2,643
22,676
1,069
8,191
51
355
877
876
196
1,319
7,631
136
sso
550
46,850
6 Trustees remuneration and expense5
No Trustees, nor any persons connected with them, have received any remuneratlon
from the charity during the year.
During the year, travel and other expenses totalling £631 were reimbursed or paid
Llirertly to 3 Trustees (2023 - £1,374 to 7 Tmstees).
Page 11

GRACE PUBLICATIONS TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024 (CONTINUED)
7 Rel*ed party transactions
The AssociatlDn of Grace Baptist Churches (South East) received £900 {2023 - £225) for
atcountbng seNices. Ben Jones Is a Trustee of The Association of Grace Baptist Churches
(South East) and Abigail Gardner and Andrew King are employed by The As50Clation of
Grace Baptist Churches {South East).
8 Stock
2024
2023
stocks
19,970
9 Debtors
2024
2023
Trade debtors
Prepayments
Accrued income
VAT recoverable
5,806
1,150
16,146
69
1,074
2,565
6,792
23,171
10,431
10 Creditors: amounts falling due within one year
2024
2023
Trade creditors
other taxation and social security
other credltors
Accruals
Deferred income
183
63
4.019
413
569
998
1,630
Page 12

GRACE PUBLICATIONS TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024 (CONTINUED)
11 Funds
Balance at
l February
2023
Balance at
31 January
2024
Incoming
resources
Resources
expended
Unrestrlcted funds
General
General Funds
113,880
57,427
146,850)
124,457
Restrlcted funds
Book fund
870
Totsl funds
120 934
58 297
46,850
132 381
Balance
atl
February Incoming Resources
2022
resource$ expended Transfers
Balance
at31
January
2023
Unrestrlcted funds
General
General Funds
125,760
56,161
{69,4321
1,391
113,880
Designated
Writer's fund
Total unrestricted
fund5
127,151
56,161
(69,432)
113,880
Restricted funds
Book fund
730
Total funds
133 475
56,891
120 934
Page 13

GRACE PUBLICATIONS TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024 (CONTINUED)
12 Analy$ls of net assets between funds
Total funds
at31
January
2024
Unrestricted
funds
General
Restricted
funds
Current assets
Current Ilabllities
127,654
7,924
135,578
3,197
Total net assets
124 457
132 381
Total funds
at31
January
2023
Unrestricted
funds
General
Restrlcted
funds
Current assets
Current1Sabilities
121,009
7,054
128,063
Totsl net assets
113 880
120 934
Page 14