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