2024-04-30-accounts

REGISTERED CHARITY NUMBER: 292984 REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024 FOR THE GRACE CHARrfABLE TRUST Mithael Donnan & Co Limited Chartered Accountants and Slatut(xy Auditors Oaktree Court Business Ctr Mill Lane Ness Cheshire CH64 8TP

THE GRACE CHARrrABLE TRUST co￿ENTs OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024 Page Report of the Trustees 1 to 4 Report of the Independent Auditors Statement of Flnanclal Actlvliles Balanco Shoot 10 Cash Flow Statèment Notes to the Cash Flow Statement 12 Notes to th• Flnancial Ststements 13 to 19 Detailed Statement of Financial Actlvltlos 20 to 21

THE GRACE CHARrrABLE TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2024 The trustees pres8nt their report with the financial ststèments of the charity for th8 year ended 30 April 2024. The trustees have adopted the provisions of Accounting and Reporting by charIt￿s. statement of Recommended Practice applicable to charitses preparing their accounts in accordance wth the Financial Repo￿ng Standard applicable in the UK Republic of Ireland (FRS 102) {effectlve 1 January 2019). OBJECTIVES AND ACTIVITIES Objectives and aims The Trust has b88n estsblished to make grants for charilable purposes. It partlcularty but not exclusively sUPPOrts Christian and church related adNiti85. education and medical needs in Ihe UK and abroad. The Trustees confirm that th8y have had due regard to the guTrdanc8 publishgj by the Charities Commission on publiG b8nefft and are satisf￿￿ that the Trusl is wnpliant with the duty as set out in the Charitses Act 2011. ACHIEVEMENT AND PERFORMANCE The Charity was able to substantially increase grants made during th6 year to £1,818,110 (2023 £1.302.550) The charity received a significant gift that SUPP¢xied a grant to help to fund a new aircraft for Mission Aviation Fellowship. Thrs is a charity which provided air transport for many charitable organisations operaling in wuntries Nmth ￿mote areas and facilitates emergancy, medical and humanTtarian aid and support for Christian Charits8s. Grants Continued to be mad8 to th8 Q3 Academy SchcM)Is sponsored by the Trust. FINANCIAL REVIEW Principal fundlng sources The Charity generates income Ihrough donatTrons arKI its investments. Donations induding Gfft Aid amounted to £1,982.569. The Charity generates income through tts investments, and in accordance wtth the Trust Deed it has the power to invest in stocks and share investments. The investment market in the 2023124 financial year irnproved creating a gain of £353,488 representing the net of realised and unrealised gains and105S8S. Income from investments amounted to £43.185. The Charity does not cary out ￿gnificant fundrdising activitiés. Th6 fund now amounts to £4.177.440. Invfrstment policy and objectlves Th8 Trustees administer the funds and are advised by UBS London and Charles Stanley Stockbrokers vtho have invested in moderate risk portfolios. This follows the Trustees, balanced investment wlicy seeking to maximise r8tums whilst retaining the liquidty of funds in order to mèet urgent demands. Thè Trust wll continue to support the activities named in the objectives and aims and general charttable causes in the Unit8d KirtsJdom and overseas. Page 1

THE GRACE CHARrrABLE TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2024 FINANCIAL REVIEW Reserves policy Th& reserves policy determines that the Chartty will maintain a significant level of Reservès and that free Reserves should enabl8 largar one off donatM)ns to be made without the need for drawing down capital investments. The level of free Reserves compared to donations made in the period is o)nsidered appropriate to meet the Reserve requirements and provide sufficient funds to meet Grants and cover thè Charity's Governan￿ Costs. FUTURE PLANS The charty plans to continu8 to suppx)rt its main beneficiaries. Several large projects have been identified for support and regular contsct is maintained with these organisations to ensure the projects produce the expected outcomes. sMal￿r charities requ6sting help have to be known to the Trustees to ensure grants are used in an appxopriate manner. STRUCTURE. GOVERNANCE AND MANAGEMENT Governing document The Grace Charitable Trust is a registered charity. number 292984. It was estsblished by a Trust Deed dated 30 March 1985. The Trustèes administer the Trust arid grants are made only to charities known to the settlors. The Charity keaps its Truste8S regularly infom)ed of its activities and perfomiance. Trustees approve annual budgats of grants. Donations mad8 to the Charity are carefulty considered to ensure that they are from known and legitimate sources. Major risks have been reviewed and systems or procedures have been established to manage the risks. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 292984 Princlpal address Swinford House Nortons Lane Great Barrow Chester CH3 7JZ Trustees E Payne OBE R B M Quayle M S Mitchell RAWright Mrs A M C Payne Page 2

THE GRACE CHARrrABLE TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2024 REFERENCE AND ADMINISTRATIVE DETAILS Auditors Michael Donnan & Co Limited Chartered Accountants and Staluti)ry Audriors Oaktre8 Court Business Ctr Mill Lane Ness Choshire CH64 8TP Advisers UBS AG 5 Broadgate London EC2M 2QS Charles Stanley & Co Limited 55 Bishopsgate London EC2N 3AS STATEMENT OF TRUSTEES. RESPONSIBILrtlES The trustees are responsible for preparing Ihe Report of the Trustees and Ihe financial statements in accordan￿ with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting PractiC8). The law applicable to d￿rItieS in England and Wath. the Charitres Act 2011. Charity (Accounts and Reports) Regulations 2008 and the provis#)ns of the trust deed require5 the trustees to prepare financial statements for each financral year which give a tru8 and fair vi8w of th8 stst8 of affairs of the charity and of the incoming resOu￿S arKI application of resources, including th8 incomè and 6xperKJiture. of the charrty for that period. In preparing ttK>se financial statements, the trustees are required to 5818Ct suitabl8 accounting policies and then apply them consistently. obseN8 the methods and principl85 in th8 Charity SORP., make judgements and estirnates that are reasonable and prudent: stale whether applicable accounting standards have been followed. subject to any material departures disclosed and explained in the finanaal statements; prepare the financial statements on the going concem basis un18SS it is inappropriate to presuma that the charity will continue In business. The trustees are resp(￿sIble for keeping propgr accounting records which disclose with reasonable accuracy at any time the finan(aal postLion of th8 charity ar)d to 8nabl8 th8m to ensure that the financial statements ¢x)mply th8 Charittes Act 2011, the Charity (Accounts and Reporlsl Regulations 2008 and the provisions of the Irust deed. They are also responsible for safeguarding the assets of the charity and hence for tsking reasonable steps for the prevention and detection of fraud and other irregularities. Page 3

THE GRACE CHARrrABLE TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2024 Approved by order of the board of trustees on 19 November 2024 and signed on its behalf by.. E Payne OBE - Trustee Page 4

REPORT OF THE INDEPENDEKf AUDrroRS TO THE TRUSTEES OF THE GRACE CHARITABLE TRUST Opinion We hav& audited the financial ststements of The Grace Charitable Trust (the 'charity') for th8 year ended 30 April 2024 which comprise the Ststement of Financial Activities. the Balan￿ Sheet, the Cash Flow Slatemant and notes to the financtal statements, including a summary of significant accounting policies. The financial reporting framework that has been appli8d in their preparation is applicable law and United Kingdom Accounting Slandards (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statemerts: give a true and fair view of the stste of the L*artWs affairs as at 30 A4)ril 2024 and of tls incoming reSOur￿S and application of resources. for the year then anded,. have been properly pr8par&J tn accordance with United lQngdom G8n8rally Accepted Accounting Practi￿. and have been prepared in accordance with the requirements of the Charities Act 2011. Basls for opinlon We conduct8d our audit in 8cthrdance wilh International Standards on Auditing (UK) {ISAs (UK)) and applical￿e law. Our responsibilities under those siandards are fUrt￿r described in the Auditors, responsibilities for Ihe audst of the finanGial statements section of our report. We are independent of Ihe charity in accordance wtth the elhical requirements that are relevant to our audit of the finanoal stalem8nts in the UK. induding the FRC'S Ethical Slandard, and we have lfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficienl and appropriate to provide a basis for our opinion. Conclusions relallng to golng concem In auditing the financial statements, we have concluded that the trustees, use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work w8 have perfomied, we have not identified any material uncertaintTres relating to events or conditions that. individually or collectivety. may cast significant doubt on the charity's ability to continue as a going concern for a period of at least tweEve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilibes of the trustees wth respect to going concem are d8scribed in the relevant sections of this reporL Page 5

REPORT OF THE INDEPENDENT AUDrroRS TO THE TRUSTEES OF THE GRACE CHARITABLE TRUST Other Infomiation The trustees are responsible for the other information. The other infomation comprises the information induded in the Annual Report. other than the finaniial stat8m8nts and our Report of the Indepèndent Auditors thereon. Our opinion on the financial statements does not (x)ver the other infomiation and. except to the extent otherwise 8xplicitly ststed in our rep(xt, we do not express any form of assuran condusion thereon. In connection with our audit of the financial statements. our responsibility is to r8ad the other infomiation and. in doing so, consKler whether the other infomiation is materially inconsistent with the financial statements or our knowi8dg8 obtained in the audtt or othe￿15e appears to be materially misstaled. If we identify such material inconsistencies or apparent material misstatements. we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If. based on wi)rk we have p8rformed. we conclude that there is a material misstatement of this other infotmation. we ar8 requir￿ to report that fad. We have nothing to report in this regard. Matters on which wo aro r•qulr•d to roport by exception We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if. in our opinion.. th& information given in the Report of the Trusteas is inconsistent in any material respect with the financial stalementS- OT suffici8nt accounting records have not been kept; or the financial stalem8nls are not in agreement with the accAJunting records and retums,. or we have not received all the information and explanations V￿ require for our audit. Responsibilities of trustees As explained more fully in the Statement of Trustees. Responsibiltlies. the trustees ar8 responsible for the preparation of the financial statements which give a true and fair view. and for such intemal control as the trustees detemiine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial ststements, the trustees are responsible for assessing the charttWs ability to continue as a g01r￿ con￿rn, disdosing, as applicabla, mat18rs relaled to going concem and using the going wn¢em basis of accounting unl8ss the tmste8S 8ither intend to liquidate the charity or to ￿ase tjperations. or have no realistK aFtetn*ive but to do so. Page 6

REPORT OF THE INDEPENDENT AUDrroRS TO THE TRUSTEES OF THE GRACE CHARrrABLE TRUST Our responsibilities for the audit of the financial sL*ements We have been appointed as auditors under SeGtK)n 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations mad8 or having effect thereunder. Our objectives are to obtain reasonable assurance a￿ut vthether the financial 5taternents as a whole are free from material misstatement. whether due to fraud or e￿or, and to ISSU8 a Report of the Independènt Auditors that includes our opinion. Reasonable assurance is a hTrgh level of assurance, but is not a guaranl8e that an audit conduded in accordan￿ wtth ISAS (UK) will aNvays detect a material misststement wh8n it 8xists. Misstalements can arise fr(xn fraud or error and are considered material rf, individually or in the aggregate. they could reasonably be éxpected to influence the ecA)nomic decisions of users taken on the basis of these financial 5tatem8nts. Th8 extent to which our Vocedu￿$ are capat4e of detethng irregularities. including fraud is detailed below= The objectives of ￿r audtt are to identify and assess the rtsks of material misstatement of the financial statements due to fraud or error. to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud or error. and to respond appropriately lo those risks. Owing to the inherent limitation5 of an audit there is an unavoidable risk that material misstatements in the financial statements may not be detected. even though the audst is properly planned and perfomied in accordance with Ihe ISAS (UK). In identifying and assessing risks of material misslatement in resped of irregularitTr8s. including fraud and non-compliance with laws and regulations. our procedures included in the following.. We obtained an understanding of the legal regulatory frameworks applicable to the charity and the sector in which thay operata. We detemined that the following laws and regulations were most significant: The Charities Act 2011 and th8 UK taxation laws. W8 obtained an understanding of how the charity is complying With those legal and regulatory frameworks by making inquiries to the managemenl. We assessed the susceptibility of the charivs financial statements to material misstalement. including how fraud mighl occur. Audit procedures perfotmed by th8 8ngagern8nt team includ8d:

identrfying and assessing the design effecliveness of controls management has in place to prevent and detect fraud,. understanding how those charged with govemance considered and addressed the potential for override of controls or other inapwopriate iTrfluen￿ over the financial reporting pro￿ss", challenging assumptions and judgements made by management in its significant accounting estimates. identifying and testirwJ joumal entries. in particular any joumal entries posted wrth unusual account combination5.' and assessing the extent of complrance with the relevant la￿ts and r8gulations. A further description of our responsibilities for the audit of the fina￿la1 statements is located on the Financial R&porting Council's website at www.frc.org.uklauditorsresponsibilities. This description forms part of our Report of th8 Ind8pend8nt Audttors. Page 7

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF THE GRACE CHARITABLE TRUST Use of our report This report is made solely to the charity's Irustees. as a body. in accordartce with Part 4 of tha Charities (Accounts and Reports) Regulations 2008. Our audit work has I￿en undertaken so that we might slate to the charity's trustees those matters we are required lo stale lo th8m in an auditors. rèport and for no other purpose. To the fullest extent permitted by law, we do not accept or assum8 responsibility to anyone other than the Charity and the chariws trustees as a body. for our audit work. for this report, or for the opinions we havè fomi8d. LLLb_.L Michael Donnan & Co Limited Chartered Accountants and Statutory Autlitors Oaktree Court Business Ctr Mill Lane Ness Cheshire CH64 8TP Date.. I.qL.fvJ￿.￿......... Page 8

THE GRACE CHARITABLE TRUST STATEMENT OF FINANCiAL ACTIVITIES FOR THE YEAR ENDED 30 APRIL 2024 3014124 UnrestriGted fund 3014123 Tolal funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 1.982.569 1,140,481 Investment income Other in(x)m8 43.185 353.488 26,617 Total 2,379,242 1129 237 EXPENDITURE ON Raising funds 24.438 20.555 Charltable actlvllles Chrtstian 1,085,410 857,375 Education Social and Medical General charttable purposes Support costs 208,000 485,150 39.550 11,735 158,000 272,625 14,550 8.401 Total 1,854,283 1,331,506 NET INCOMEI{EXPENDITURE) 524.959 (202,269) RECONCILIATION OF FUNDS Total funds brought fcrfward 3.652,481 3.854.750 TOTAL FUNDS CARRIED FORV¥ARD 4,177,440 3,652.481 The notes fomi part ofthese finanoal ststements Page 9

THE GRACE CHARrrABLE TRUST BALANCE SHEEr 30 APRIL 2024 3014124 Unr8Stricted fund 3014123 Totsl funds Not8S FIXED ASSErs Investments 10 3.907.830 3,543,098 CURRENT ASSErs Cash at bank 273.810 113,583 CREDITORS Amounts falling due within one year 11 (4,200} (4,200) NEf CURRENT ASSErs 269.610 109.383 TOTAL ASSEfs LESS CURRENT LIABILrriES 4.171.440 3.652,481 NET ASSETS 4 177 440 3.652,481 FUNDS Unrestricted funds 12 4,177,440 3,652,481 TOTAL FUNDS 4,177,440 3.652,481 The financial statements were approved by the Board of Trustees and authorised for issue on 19 November 2024 and were signed on tts behalf b￿. E Payne OBE - Trustee The notes forni part of these financial ststements Page 10

THE GRACE CHARrrABLE TRUST CASH FLOW STATEMENT FOR THE YEAR ENDED 30 APRIL 2024 3014124 3014123 Notes Cash Ilows from oporatlng activities Cash generated from operation5 222,770 155 860) Net cash provid8d by1(uS￿ in) operating activities 222.770 155.860) Cash flows from investing activities Purchase of fixed asset investments Sale of fixed asset investments Interest re￿iVed Dividends received (913.572) 807,844 7,641 35,544 (130,564) 120,297 266 26,351 Net cash (used inyprovided by investing activili8S 16.350 Change in Gash and cash equivalents In the reportlng period Cash and cash equlvalents at the beginning of the reporting period 160,227 (139,510) 113.583 253,093 Cash and cash equivalents at the end of the reporting period 273 810 113,583 The notes form part of these financial statements Page 11

THE GRACE CHARfTABLE TRUST NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 30 APRIL 2024 RECONCILIATION OF NET INCOMEI(EXPENDITURE) TO NEf CASH FLOW FROM OPERATING ACTIVITIES 3014124 3014123 Net incomol{expenditure) for the reporting perlod (as per the Statement of Flnanclal Activltiesl Adjustments for: Inter8St recerved Divid8nds received Net profrt on inv85tments at revaluation Cash movement in portfolio Decrease in debtors 524,959 (202,269) (7,641) (35,544) (353.488) (266) (26,351) 37,861 4,584 30,581 Nat cash wovlded byl(used In) operatlons 222.T70 155,860) ANALYSIS OF CHANGES IN NEf FUNDS At 1.5.23 Cash flow At 30.4.24 Net cash Cash at bank 113,583 160.227 273.810 113,583 160.227 273.810 Totsl 113.583 160,227 273 810 The notes form part of these financial statements Page 12

THE GRACE CHARrrABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024 ACCOUNTING POLICIES Basis of preparing the financial statoments The financial statements of th8 charity. which is a public banefft entity under FRS 102. have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities.. Statement of Recommended practi￿ applicable to charitles preparing their accounts in accordance with the Financial Reporting Stsndard applicable in th8 UK and Republic of Ireland {FRS 102) leffeclive 1 January 20191,, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investrnents which are included at market value, as modified by the revaluation of certain assets. Inc¢)me All income is ￿CognISed in Statement of Financial Acttvities On￿ the chartty has entitletnent to the funds. it is probable that the income V￿11 b8 received and the amount can be measured reliably. When a donation is received to fvnd a specific commitment of the charity. the income is deferred to the accounting period in vthic*i (x)mmitment is defrayed. Expenditure Liabilities are recognis&J as expendrture as soon as there is a legal or constructive obligation committing the charity to that expendtture. It Is probable that a transfer of economic ben6ffts will be required in settlement and the amount of the obligation can be measured reliably. Expendiiur8 is accounted for on an accruals basis and has been classifi8d under headings that aggregate all cost rdated to the categrxy. Where costs cannot be directly attribLrted to particular headings they have been alloc2ted to activitiès on a basis consistenl with the use of resour￿. Investments Listed investments held at the balance sheet date are r8valu8d to their mid market price at the balance sheet date. The investment bonds are stated at market value. Valuations have been made in the year by portfolio managers and advisers UBS AG London and Charfes Stanley stockbrokers. The statement of financial acliviiies includes the net gains and losses arising on revaluation and disposals during the year. Taxation The Charity is exempt from tax on its tharitabla activities. Fund accountlng Unrestricted funds can b8 used in a￿rdanc6 wtlh th8 charttable objectives at the discretion of the trust88S. Restricted funds only be used for particular restricted purwses wrthin the objects of the harity. Restridions arise when specifiwj by the donor or when fuThJs are raised for particular restricted wrwses. Page 13 continued...

THE GRACE CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS . continued FOR THE YEAR ENDED 30 APRIL 2024 ACCOUNTING POLICIES - ¢ontlnued Fund accountlng Further explanation of the nature and purpose of each fuThJ is includod in the notes to the financial stalements. DONATIONS AND LEGACIES 3014124 3014123 Donations Gift aid 1,977,975 1,084,950 55,531 1.982.569 1,140,481 INVESTMENT INCOME 3014r24 3014123 Bank interest Other interest receivable Income from UK listed Income from non-UK listed Propety income 7.641 10.279 10.859 13.562 246 10,304 12,161 3.176 730 43,185 26.617 OTHER INCOME 3014124 3014123 Other incoming resources 353,488 37.861) Othw incoming resourc8s of £353.488 (2023 - £-37.861) represents the net of realised and unrealised gains and k)sses on the investrnent pcfftfolio. Page 14 continued...

THE GRACE CHARrrABLE TRUST NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2024 RAISING FUNDS Investment management costs 3014124 3014123 Investment management fees Bank interest and charges 24,300 138 20,372 183 24.438 20,555 CHARITABLE ACTivrriES COSTS Support costs (saè note 7) Costs Totals Christian 1.085.410 1,085,410 Education Social Medical General charitable purposes Support costs 208,000 485,150 39.550 208,000 485,150 39,550 11,735 11,735 1.818.110 11,735 1.829.845 SUPPORT COSTS Governance costs SuppK)rt costs 11,735 Page 15 continued...

THE GRACE CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2024 AUDrroRS' REMUNERATION 3014124 3014123 Fees payable to the thariV5 audtlors for lh8 audit of the Charity's financial statements 4.8 4.410 TRUSTEES. REMUNERATION AND BENEFITS There were no Trustees. remuneration or other benefits for the year ended 30 April 2024 nor for the year ended 30 April 2023. Trustees, expenses The Trustees were reimbursed expenses to the sum of £3,677 (2023 - £425) during lh8 y8ar. Induded in governance costs are secretarial costs of £3.168 (2023 - £3.497). 10. FIXED ASSEf INVESTMENTS Investments MARKET VALUE At 1 May 2023 Acquisitions Disposals Net gains on revaluations Reclassrficatior￿trdnS[er 3,543,098 913,572 (807,844) 353,488 94,484) At 30 April 2024 3,907.830 NET BOOK VALUE At 30 April 2024 3,907,830 At 30 April 2023 3,543,098 Analysis of investments at 30 April 2024- List8d investments Cash in investment portfolios Non-UK equities and asset allrKAtM)n funds UK 8quities 2024 2023 56.016 150,500 2.981,999 2,676.892 352.699 313,905 3,390714 3.141.297 Other inveslments Property investments Bonds and altemative investments 10,108 507.008 12,250 389,551 3,907,830 3.543.098 Page 16 continued...

THE GRACE CHARrfABLE TRUST NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2024 10. FIXED ASSET INVESTMENTS - continued Cost or valuation at 30 April 2024 is repres8nt8d by. Investments Valuation in 2024 3.907,830 The chang8 in market value of invèstments during the year compris8s all increases and decreases in the market value of investrnents held at any time during th8 y8ar, including profits and losses realised on sales of investments during Ihe year and acquisitions to the fund and fund administrati￿ costs. The historical cost of the Investsnents held at 30 April 2024 was £2.956,593 (2023 £2.665.903). 11. CREDITORS: AMOUNTS FALLING DUE wrrHIN ONE YEAR 3014124 3014123 Other credIt￿S 4,200 4,200 12. MOVEMENT IN FUNDS Net movoment in fvnds At 30.4.24 At 1.5.23 Unrestricted funds General fund 3.652.481 524,959 4.177.440 TOTAL FUNDS 3,652.481 524 959 4.177,440 Net mvement in funds. induded in the atM)ve are as follows: Incoming Resources Mov8menl resources expended in fijnds Unrestricted funds General fund 2.379.242 (1,854.283) 524.959 TOTAL FUNDS 2.379.242 1,854,283) 524,959 Page 17 ontinued...

THE GRACE CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2024 12. MOVEMENT IN FUNDS- continuod Comparatives for mov8mont In funds Net movem8nt in funds At 1.5.22 30.4.23 Unrestrlcted funds General fund 3,854,750 (202,269) 3,652,481 TOTAL FUNDS 3.854.750 202,269) 3,652,481 ComparatlV8 net movement in funds. induded in the above are as follows: Incoming Resources Movement resources experided in funds Unrestricted funds General fund 1.129.237 (1,331,506) (202,269) TOTAL FUNDS 1331506 202.269) A current year 12 months and prior year 12 rrK)nihs combined 24 month posiiion is as follows: Net movement in funds At 30.4.24 At 1.5.22 Unrestrlcted funds General fund 3,854.750 322,690 4,177,440 TOTAL FUNDS 3.854.750 322,690 4,177,440 Page 18 continued...

THE GRACE CHARrrABLE TRUST NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2024 12. MOVEMENT IN FUNDS - continued A current year 12 months and prior year 12 ￿￿nthS combined net movement in funds. included in the above are as follobvs.. Incoming Resources Movement resources expended in funds Unrastricted funds General fund 3,508,479 (3.185.789) 322,690 TOTAL FUNDS 3.508.479 3,185,789) 322,690 13. RELATED PARTY DISCLOSURES Total donatK)ns and legacies received without conditions from TNstees or other relat8d parties for the year ended 30 April 2024 were £77,000 (2023- £225,000). Page 19

THE GRACE CHARfTABLE TRUST D￿AlLED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 APRIL 2024 3014124 3014123 INCOME AND ENDOWMENTS Donatlons and legacies Donatrons Grfl aid 1,977,975 1.084,950 4,594 55.531 1,982.569 1,140,481 Investment income Bank interest Other interest receivable In￿rne from UK listed Inwm8 from non-UK listed Property income 7,641 10,279 10,859 13,562 246 10,304 12,161 3,176 730 43,185 26,617 Other income Other incoming resourc8S 353,488 37,861 Total incoming Tesources 2,379,242 1,129,237 EXPENDITURE Investmènt management costs Investment management fees Bank interest and charges 24,300 138 20.372 183 24.438 20.555 Charitable activities Christian based activities Education Social and medical General Charitsb￿ purposes 1.085.410 208,000 485.150 857,375 158,000 272,625 14.550 1.818.110 1,302,550 Support costs Governance costs Auditors. r8mun8ration Carried forward 4,890 4,890 4.410 4.410 This page does not fomi part of the ststuty financial statements Page 20

THE GRACE CHARrrABLE TRUST D￿AlLED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 APRIL 2024 3014124 3014123 Governance costs Brought forward other govemance costs Secretarial services 4.890 3,677 3,168 4,410 494 3,497 11,735 Totsl resources expended 1.854.283 1.331,506 Net in¢omg1(expenditure) 524.959 202.269) This page does not forni part of the stat￿Ory financial statements Page 21