REGISTERED CHARITY NUMBER: 292984
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
FOR
THE GRACE CHARrrABLE TRUST
Michael Donnan & Co Limtted
Charlered Accountants and Statutory Auditors
Oaktree Court Business Ctr
Mill Lane
Ness
Cheshire
CH64 8TP

THE GRACE CHARrrABLE TRUST
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
Page
Report of tho Trustees
Report of the Independent Audltors
Statemont of Financial Actlvltles
Balance Sheet
10
Cash Flow Statement
Notas to the Cash Flow Statement
12
Not88 to the Flnancial Ststements
13 to 19
Detailed Statement of Financial Activities
20 to 21

THE GRACE CHARITABLE TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 APRIL 2025
The trustees present their report with the financial statements of the charity for the y8ar ended
30 April 2025. The trustees have adopted the provisions of A¢Gounting and R8POrting 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)18ff8CtiV8 1 January 2019).
OBJECTIVES AND AcTIV￿lEs
Objectlvas and alms
The Trust has been established to mak6 grants for charitable purposes. It particularly but not
exclusively supports Christian and church r81ated activities and education needs in the UK and
abroad.
The Trustaes confinn that they hav& had due regard to the guidanc8 published by the Charities
Commission on public benefit and are satisfied thal Ihe Trust is compliant with the duty as set out
in the Charities Ad 2011.
ACHIEVEMENTS AND PERFORMANCE
Once again, the Charity was able to substantially increase grants mad8 during the year. A total of
£2,441.800 (2024 £1,818,110) was given to a number of significant charities. In the year to April
2024, a commitment was made to significantly fund a new aircraft for Mission Aviation Fellowship.
The generosity of donors enabled a plane to be funded and the trusteès were privileged lo be
invited lo the dedication of the plane and its launth by lQ'ng Char16s111 al Northolt Airport last April.
The plang is now in service in Papua New Guinea. Mission Aviation Fellowship was a charity we
supported in 1985, our first year of operation. with a grant of £100.
Contributing to the education and lrfe opportunities for young people contlnues to be an area of our
support. At the Q3 Academies, sponsored by the Tnjst. Ethos Teams have been funded which
have a focus on Family Support. Youth Mentoring and inspiring young people to develop their
character and values all of which are underpinned by a Christian perspective.
We continue to support a wide range of Christian Charities who through their work and social
action bring the Christian Message of the love of Christ and practical help to those in need in
Britain and in many parts of the worfd.
FINANCIAL REVIEW
Principal funding sources
The Charity generales incomg through donations and its investments. Donations induding Grft Aid
amounted to £2.688,266.
The Charity generates income through its invesknents, and in accordance with the Trust Deed it
has the power to invest in stocks and share investments. The financial year created a loss of
£10,142 represenling the net of realised and unrealised gains and losses.
In¢omo from investments amounted to £45,434.
The Charity does nol carry out significant fundraising activities.
The fund now amounts to £4,418,900.
Page 1

THE GRACE CHARITABLE TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 APRIL 2025
FINANCIAL REVIEW
Investment policy and objactives
The Trustees administer the funds and are advised by UBS London and Charfes Stanley
Stockbrokers who have invested in moderate risk portfolios.
This follows the Trusteés. balanced investment policy seeking to maximise returns whilst retaining
the liquidiiy of fvnds in order to meet urgent demands.
The Trust will continue to support th8 activities named in the objectives and aims and g8neral
charitable causes in the United Kingdom and overseas.
Reserves policy
The reserves policy determines that th8 Charity will maintain a significant level of ReseN8s and
that free Reserves should enable larger on8 off donations to b8 made without lh8 need for drawing
down capital investments.
The level of free Reserves compar8d to donations made in the period is considered appropriate lo
meet the Reserve requirements and provide sufficient ￿ndS to m88t Grants and Gover the
Charity's Govemance Costs.
FUTURE PLANS
Support for the charity's main beneficiaries will continue to be given. The Trusteos ke6p in r8gular
contact wllh the charities supported and monttor thoir activtti8s and oulcomes. Small charities
requesting help have to be known to the Trust88s.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The Grace Charitable Trust is a registered tharity, number 292984. It was established by a Trust
Deed dated 30 March 1985.
The Trustees administer the Trust and grants are made only to charities known to the settlors.
The Charity keeps its Trustees regularly infomed of its activities and perfomiance. Trustees
approve annual budgets of grants. Donations made to the Charity are carefully considered to
6nsure that they are from known and legitimate sources.
Major risks have been reviewed and syst8ms or procedures hav8 bèen established to manage Ihe
risks.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
292984
Prlncipal address
Swinford House
Nortons Lane
Great Barrow
Chester
CH3 7JZ
Page 2

THE GRACE CHARITABLE TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 APRIL 2025
Trustees
E Payne OBE
R B M Quayle
M S Mitchell
RA Wright
Mrs A M C Payne
Auditors
Michael Donnan & Co Limited
Chart8red Accountants and Ststutory Audltors
Oaktr86 Court Business Ctr
Mill Lane
Ness
Cheshire
CH64 8TP
Advisers
UBS AG
5 Broadgate
London
EC2M 2QS
Charles Stanley & Co Limited
25 Ropemaker Street
London
EC2Y 9LY
STATEMENT OF TRUSTEES. RESPONSIBILITIES
The trustees are responsible for preparing the R8POrt of the TrLSStees and the financial statements
in accordance with applicable law and United Kingdom Accounting Standards (Unit6d Kingdom
Generally Accepted Accounting PraCts.￿l.
Charity law requires th8 truste8S to prepare financial statements for each financial year. Under that
law, the trustees have elected to prepare the financial statements in accordance with United
Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Stsndards and
applicable law).
Under charity law the trustees must not approve the financial statements unless they are satisfied
that they give a true and fair view of the state of affairs of the charity and of the incoming resources
and application of resources, including the income and expendtture, of the charity for that period. In
preparing those financial statements, the Irustees are required to
select suitable accounting policies and then apply them consistently-
observe the methods and principles 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-,
prepar8 th8 financial statements on the going concem basis unless tt is inappropriate to
presume that the chariiy will continue in business.
Page 3

THE GRACE CHARITABLE TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 APRIL 2025
STATEMENT OF TRUSTEES. RESPONSIBILITIES - continued
The trustees are responsible for keeping proper accounting records which disclose with
reasonable accuracy at any lime the financial position of the charity and lo enable them to ensure
that the financial statements comply with the Charities Act 2011 and The Charity (Accounts and
Reports) Regulations 2008. They are also responsible for safeguarding the assets of the charity
and hence for taking reasonable steps for the prevention and detection of fraud and other
irregularities.
Approved by order of the board of trustees on
behalf by..
nd signed on its
E Payne OBE - Trustee
Page 4

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF
THE GRACE CHARITABLE TRUST
Opinion
We have audited the financial statements of The Grace Charitable Trust (Ihe 'charity'l for the year
ended 30 April 2025 which comprisa the Statement of Financial Activiti6s, the Balanc8 Sheet, the
Cash Flow Statement and notes to the financial statements. including a summary of signrficant
accounting policies. The financial reporting framework that has been applied in their preparation is
applicable law and United Kingdom Accounting Standards {Uniled Kingdom Generally Accepted
Accounting Practicel-
In our opinion the financial statements-
givo a true and fair view of the state of the charivs affairs as al 30 April 2025 and of ils
incoming resources and application of resources, for the year then ended,.
have b88n properly prepared in 8¢cordance with United Kingdom Generally Accepted
AGcounting Practice,. and
have been prepared in accordance with the requirèments of the Charities Act 2011.
Basis for oplnlon
We conduct8d our audil in accordan￿ with Intemational Standards on Auditing (UK) IISAS {UK))
and applicabl& law. Our responsibilities under those standards are further described in the
Auditors. responsibilities for the audit of the financial ststements section of our report. W8 are
independent of the charity in accordance wtth the ethical requirements that are relevant to our
audit of tha financial statements in the UK, induding the FRC'S Ethical Standard, and we have
fulfilled our other ethical responsibilities in accordan￿ with these requirements. We believe that
the audit evidence we have obtained is sufficient and appropriate to provide a basis for our
opinion.
Conclusions rèlatlng to golng concem
In auditing the financial statements, we have conduded that the trustees, use of the going concem
basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have perfomied, Y￿ have not identified any material uncertainties relating to
events or conditions that, individually or collectively. may cast significant doubt on the charity's
ability to continue as a going Goncem for a period of al least h¥elve months from when the fi'nancial
slatemenls are authorised for issue.
Our responsibilities and the responsibilities of the truste8S Wth resp8ci to going concern are
described in the relevant 5eGtions of this report.
Page 5

REPORT OF THE INDEPENDENT AUD￿oRs TO THE TRUSTEES OF
THE GRACE CHARrrABLE TRUST
Olher inforniatlon
The twste8s ar8 r8sponsible for th8 other information. The other information comprises the
information included in the Annual ReporL other than the financial statements and our Report of
tha Indepgndenl Auditors thereon.
Our opinion on the financial stat8ments does not cover the other infomation and, except to the
extent otherwise explicitly stated in our r8porL we do not express any form of assuran
conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to r8ad the other
information and, in doing so, consider whether thè other infomiation is materially inconsistent with
the financial statements or our kn￿edge obtained in the audit or otherwise appears to be
materially misstated. If we identify such material inconsistencies or apparent material
misstatements, we are required to detemiine whether this gives rise to a material misstatement IN
th8 financial statements themselves. If, based on the work we hav8 performed, we wnclude that
th8r& is a material misstatement of this other infomialion. w8 are required to report that fact. We
have nothing to report in this regard.
Mattors on which we are required to report by exception
Wè havè nolhing to report in respect of the following mattors vthere the Charities (Accounts and
Reports) Règulations 2008 requires us to report to you if. in our opinion-
the information given in th8 R&port of the Trustees is inconsistgnl in any material respect with
the financial statements. or
sufficient accounting records have not been kept., or
thè financial statements are not in agreement with the accounting records and returns. or
W8 hav8 not received all the infomialion and explanations w8 require for our audit.
Responslbllltles of trustees
As explained more fully in the Statemenl of Trustees, ResponsibilÈtios, th8 tnjstees are responsible
for the preparation of tho finanaal statements which gwe a true and fair view, and for such internal
control as the truste&s d&l8rmine is necessary lo enable Ihe preparation of financial statements
that are free from material misstalemgn( whether due to fraud or error.
In preparing th8 financial statements, the truslees are responsible for assessing the charitls ability
lo continue as a going concem, disdosing, as applicable. matters related to going concern and
using the going concem basis of acGounting unless the Irustees either intend to liquidate the
charity or to cease operations. or have no realistic aMematNe but to do so.
Page 6

REPORT OF THE INDEPENDENT AUDrroRS TO THE TRUSTEES OF
THE GRACE CHARITABLE TRUST
Our responsibilities for the audit of the flnancial statements
We have been appoirrted as auditors under Section 144 of the Charities Aot 2011 and rewrt in
accordance with the Act and relevant regulations made or having affect thereunder.
Our objectives are lo oblain r8asonabl8 assurance about whether the financial statements as a
whole are free from mat8rial misslatemenl, whelher du8 to fraud or error, and to issue a Report of
the Independent Auditors that includes our opinion. Reasonable assurance is a high level of
assurance, but is not a guarantee that an audit conducted in accordance with ISAS {UKI will
always detect a matarial misstatomont when it exists. Misstatements can arise from fraud or error
and are considered material if, individually or in the aggregate, they could reasonably be expected
to influence the economic decisions of users taken on the basis of these financial statements.
The extent to which our procedures are rApable of detecting itTegularities, including fraud is
detailed below..
The objectives of our audit are to Klenlify and assess the risks of material misstatement of the
financial statements due to fraud or error. lo obtairs sufficient appropriate audil evidonce r6garding
the assessed risks of material misstatement due to fraud or error, and lo respond appropriately to
those risks. Owing to the inherent limitations of an audit, there is an unavoidablo risk that matèrial
missta18ments in the financial statements may not be detected, even ihough th8 audit is properly
planned and p8rfomied in accordance with the ISAS (UK).
In identifying and assessing risks of material misstatement in respect of irregularitiès, including
fraud and non-compliance with laws and regulations, our procedures included in tha following-
W8 oblained an understanding of the legal and regulatory frameworks applicable to the charity
and th8 sector in which they operate. We detemiined that the following jaws and regulatTrons were
most significant.. The Charities Act 2011 and the UK taxation laws.
We obtained an understanding of how the charity is cx)mplying with those legal and regulatory
frameworks by making inquiries to the management.
We assessed the susceptibility of the charity's financial stal6m8nts lo Material misstatement.
including how fraud might occur. Audit procedures perfonned by the engagement team included:
> idBntifying and assessing the design effectiveness of controls management has in place to
prevent and detect fraud.,
> understanding how those charged wtth govemance (x)nsidered and addressed the potential for
override of controls or other inappropriate influence over the financial reporting process-
> challenging assumptions and judgements rnade by management in ils significant accounting
6Stimates,'
> id8ntifying and testiw journal entries. in particular any journal 8ntries posted with unusual
account combinations,. and
> assessing the extent of compliance with the relevant laws and regulations.
A further description of our responsibilities for the audit of the ffinancial statements is located on the
Financial Reporting Council's website at vNM.frc.org.ukJauditorsresponsibilities. This description
fomis part ofour Report of the Independent Auditors.
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 trustees, as a body, in accordance with Part 4 of the
Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that
we might slate to the charity's trustees those matters we are requir8d to state to them in an
auditors, report and for no other purpose. To the fullest extent permitted by law, we do not accept
or assume responsibility to anyone other than the charity and the charity's trustees as a body, for
our audit work, for this report, or for the opinions we have formed.
Michael Donnan & Co Limited
Chartered Accountants and Statutory Auditors
Oaktree Court Business Ctr
Mill Lane
Ness
Cheshire
CH64 8TP
Date..
Page 8

THE GRACE CHARrrABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 30 APRIL 2025
3014125
Unrestricted
fund
3014124
Total
funds
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2.688,265 1,982,569
Investment income
Other income
45,435
10,143
43.185
353,488
Total
2.723.557 2,379,242
EXPENDITURE ON
Raising funds
28.884
24,438
Charitable activities
Christian based organisations
Education
Social and Medical
General charitable purposes
Support costs
1,387,500 1,085,410
229,000
208,000
726,750
485,150
98,550
39.550
11,412
11,735
Total
2,482,096 1,854,283
NET INCOME
241,461
524,959
RECONCILIATION OF FUNDS
Total funds brought forward
4,177,440 3,652,481
TOTAL FUNDS CARRIED FORWARD
4,418,901 4,177,440
The nol8s fonn part of Ih8se financial statements
Page 9

THE GRACE CHARITABLE TRUST
BALANCE SHEET
30 APRIL 2025
3014125
Unrestricted
fund
3014124
Total
funds
Notes
FIXED ASSETS
Investments
10
3,961,413 3,907,830
CURRENT ASSETS
Cash at bank
461,688
273,810
CREDITORS
Amounts falling due within one year
(4,200)
14,2001
NET CURRENT ASSETS
457,488
269,610
TOTAL ASSETS LESS CURRENT
LIABILITIES
4,418.901 4,177,440
NET ASSETS
4,418,901 4,177,440
FUNDS
Unrestricted funds..
General fund
12
4.418,901 4,177,440
TOTAL FUNDS
4,418,901 4,177,440
The financial statements were approved by the Board of Trustees and authorised for issue on
and were signed on its behalf by..
.E Payne OBE- Trustee
The notes form part ofthose financial slalements
Page 10

THE GRACE CHAR￿ABLE TRUST
CASH FLOW STATEMENT
FOR THE YEAR ENDED 30 APRIL 2025
3014125
3014124
Notes
Cash flows from operating activities
Cash ganeralod from op8rations
199801
222 770
Net cash provided by operating activities
199,801
222,770
Cash flows from investing actlvities
Purchase of fixed asset investments
Sale of fixed asset investments
Interést received
Dividends rec8iv8d
(273,058)
215,700
5,215
40.220
(913,572)
807,844
7,641
35,544
Net cash used in investir@ acttvities
11,923)
62,543}
Change In cash and cash
equivalents in the reporting
period
Cash and cash equivalents at the
beginnlng of the reporting period
187.878
160,227
273,810
113583
Cash and cash equivalents at the
end of the reporting pertod
461.688
273,810
Th8 not8s fom? part of thes8 finan￿al stslements
Page11

THE GRACE CHARITABLE TRUST
NOTES TO THE CASH FLOW STATEMENT
FOR THE YEAR ENDED 30 APRIL 2025
RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING
ACTIWTIES
3014125
3014124
Net income for the reportlng perfod (as per the Statement
of Financial Actlvltlès)
Adjustments for:
Interest rac6ived
Dividends recèived
Net profit on investments at revaluation
Cash movement in portfolio
241,461
524,959
{5,215)
(40,220)
10,142
(7,641)
(35,544)
(353,488)
94,484
Net cash provided by operatlons
199,801
222,770
ANALYSIS OF CHANGES IN NEf FUNDS
At 1.5.24 Cash flow At 30,4.25
Net cash
Cash at bank
273,810
187,878
461.688
273,810
187,878
461.688
Total
273 810
187,878
461,688
The notes form part of these financial statements
Page 12

THE GRACE CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
ACCOUNTING POLICIES
Basis of preparlng the financial statements
The financial statèments of the charity. which is a public benefit entity under FRS 102, have
been praparèd in accordance with the Charities SORP (FRS 102} 'Accounling and Reporting
by CharÉties- Statement of Recommended Practice applicable lo Gharities preparing their
accounts in accordance with the Finanaal Reporting Standard applicable in the UK arid
Republic of Ireland (FRS 102} (effective 1 January 2019>., Financial Reporting Standard 102
'Th6 Financial Reporting Stsndard applicab18 in the UK and R8public of Ireland. and the
Charities Act 2011. The ffnancial statements have been pr8pared under the historical cost
onvention. with the exception of investments which are included at market value, a5
modified by the revaluation of certain assets.
Income
All income is recognised in lh8 Ststement of Finanaal Activities once the charlty has
entitlement to the funds, it is probable that the income will be received and the amount can
be measured reliably.
When a donation is received to fund a specific commitment of the charty, the income is
defe￿ed to th8 accounting period in which commitrnent is defrayed.
Expenditure
Liabilities are recognised as expenditure a5 soon as there is a legal or constructive
obligation committing tho charity to that expenditure. it Is probable that a transfer of
economic b8nefits will b8 required in settlement and th& amount of th8 obligation can be
measured reliably. Expenditure is accounted for on an accruals basis and has been
classified under headings that aggregate all cost related to the category. Where costs cannot
be directly attributed to parti¢ular headings they hav8 been allocated to activities on a basis
consistent with the use of resources.
Invèstments
Listed investments held at the balancE sheet date are revalued to their mid market price al
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 Charles Stanley stockbrokers.
The statement of financial acliwli8s includes the net gains and losses arising on revaluation
and disposals during the year.
Taxation
Th8 Charity is exempt from tax on its charttabl8 activtties.
Fund accounting
Unrestricted funds can be used in accordanc8 With the charitable objectives at the discretion
of the trustees.
Reslrtcted funds can only be used for particular restricted purposes within the objects of th8
charity. Restrictions arise when specAfied by the donor or when funds are rais8d for
particular restricted purposes.
Page 13
ntinued...

THE GRACE CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS . continued
FOR THE YEAR ENDED 30 APRIL 2025
ACCOUNTING POLICIES . continued
Fund accounting
Further explanation of th8 nature and purpose of each fund is induded In the notes to the
financial statements.
DONATIONS AND LEGACIES
3014125
3014124
Donations
Gift aid
2,668,265 1,977,975
20,000
4,594
2,688.265 1,982,569
INVESTMENT INCOME
3014125
3014124
Bank interest
Other interest receivable
Income from UK listed
Income from non-UK listed
Propety income
5,215
6,428
14,143
19,008
641
7,641
10,279
10,859
13,562
844
45,435
43,185
OTHER INCOME
3014125
3014124
Other incoming resources
10,143)
353,488
other incoming reSoUr￿S of -£10,143 {2024 - £353,488) represents the net of realised and
unrealised gains and losses on the Investment portfolio.
Page 14
continued...

THE GRACE CHARrrABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2025
RAISING FUNDS
Investment management costs
3014125
3014124
Inveslm&nt managemont fees
Bank inter8St and charges
28.750
134
24,300
138
28,884
24,438
CHARITABLE ACTIVITIES COSTS
Direct
Costs
Support
Costs (seè
not& 7}
Totals
Christian based organisations
Education
Social and Medical
General charitable purposes
Support costs
1,387,500
229,000
726,750
98,550
1,387,500
229,000
726,750
98,550
11,412
11,412
2,441,800
11,412 2453,212
SUPPORT COSTS
Governance
costs
Support costs
11,412
Page 15
continued...

THE GRACE CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - contlnugd
FOR THE YEAR ENDED 30 APRIL 2025
AUDITORS. REMUNERATION
3014125
3014124
Fees payablè to the tharity's auditors for the audit of the
charity's financial statements
4,890
4,890
TRUSTEES. REMUNERATION AND BENEFrrs
There were no trustees. remuneration or other benefrts for the year ended 30 April 2025 nor
forthe yèar ended 30 April 2024.
Trustees. expenses
The Trustees were reimbursed expenses to Ihe sum of £2,536 (2024 - £3,677) during the
year.
Induded in governance costs are seuetarial costs of £3,25912024- £3,168).
10. FIXED ASSET INVESTMENTS
Investments
MARKET VALUE
At 1 May 2024
Acquisiiions
Disposals
Donations
Net gains on revaluations
Cash movement
3.907,830
273,058
(215,700}
38,950
(10,1431
32 5821
At 30 April 2025
3.961,413
NET BOOK VALUE
At 30 April 2025
3,961,413
At 30 April 2024
3,907,830
Analysis of investments at 30 April 2025.,
Listed inv8stments
Cash in investment portfolios
Non-UK equities and asset allocation fijnds
UK aquities
2025
2024
23,433
56,016
3,101,380 2,981,999
357417
352,699
3.482.230 3,390,714
Other investments
Property investments
Bonds and allernative investments
10.864
468 318
10,108
507,008
Page 16
continued...

THE GRACE CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - contlnued
FOR THE YEAR ENDED 30 APRIL 2025
10. FJXED ASSEf INVESTMENTS - continued
Cost or valuation at 30 April 2025 is represented by:
Investments
Valuation in 2025
3,961,413
The change in market value of investments during the year wmprises all increases and
dècreases in the market value of investments held at any time during the year, including
profits and losses realised on sales of investments during the year and acquisitions to the
fund and fund administration costs.
The histori(¥l cost of Ihe inv8Stm8nts held at 30 April 2025 was £3,063,171 12024
£2.956,593).
11. CREDITORS: AMOUNTS FALLING DUE WTfHIN ONE YEAR
3014125
3014124
Other creditors
4,200
4,200
12. MOVEMENT IN FUNDS
Net
movement
in funds
At
30.4.25
At 1.5.24
Unrestricted funds
General fvnd
4,177,440
241,461 4,418,901
TOTAL FUNDS
4,177 440
241.461 4,418,901
Net movement in funds. induded in the a￿ve are as follows:
Incoming Resources Movem8nt
reSoU￿S
expended
in funds
Unrestricted funds
General fund
2,723,557 (2,482,096)
241,461
TOTAL FUNDS
2,723,557
2,482.096)
241,461
Page 17
continued...

THE GRACE CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2025
12. MOVEMENT IN FUNDS - contlnuad
Cornparatives for movement in funds
Net
movem8nl
in funds
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
Comparative net movement in funds, induded in the abovè are as follows:
Incoming Resources Movement
resources
expended
in funds
Unrestrfcted funds
Gènéral fund
2,379,242 (1.854,283)
524,959
TOTAL FUNDS
2,379.242
1,854.283)
524,959
A current year 12 months and prior year 12 tnonths combined position is as follows:
Net
movement
in funds
At
30.4.25
At 1.5.23
Unrestricted funds
General fund
3,652.481
766.420 4,418,901
TOTAL FUNDS
3,652,481
766,420 4.418,901
Page 18
)ntinued...

THE GRACE CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS . continued
FOR THE YEAR ENDED 30 APRIL 2025
12. MOVEMENT IN FUNDS- contsnuad
A current year 12 months and prior year 12 months combined nel movement in funds,
included in the above are as follows..
Incoming Resources Movement
resources
8xpended
in funds
Unrestrlcted funds
General fund
5.102,799 (4,336,379)
766,420
TOTAL FUNDS
5.102.799
4,336,379)
766,420
13. RELATED PARTY DISCLOSURES
Total donations and legacies recEived without conditions from Trustees or other related
parties for the year ended 30 April 2025 were £154,960 (2024- £77,000).
14. OTHER FINANCIAL COMMITMENTS
At the Financial Year end in addition to the grants paid during the year Ihe Trustees have
also authorised the payment of further grants to the amount of £430,000 which are subject to
the fulfilment of certain conditions.
Page 19

THE GRACE CHARrrABLE TRUST
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 30 APRIL 2025
3014125
3014124
INCOMEAND ENDOWMENTS
Donatlons and legacies
Donations
Gift aid
2,668,265 1,977.975
20,000
4.594
2,688,285 1,982,569
Invostment incomo
Bank int8r&st
Other int8r8St rec8ivab18
Income from UK listed
Income from non-UK listed
Property income
5.215
6.428
14.143
19,008
641
7,641
10,279
10,859
13,562
844
45,435
43,185
Other Income
Other incoming resOur￿S
10,1431
353,488
Total Incomlng rosourcès
2,723,557 2,379,242
EXPENDITURE
Investmant management costs
Investment management fees
Bank int8r8sl and charges
28,750
134
24,300
138
28,884
24,438
Charitsble activities
Christian bas8d activities
Education
Social and medical
Gen8ral charitabl6 purposes
1,387,500 1,085,410
229,000
208,000
726,750
485,150
98,550
39,550
2.441.800 1,818,110
Support costs
Governancg G05ts
Auditors, remuneration
C8rri8d forward
4,890
4,890
4,890
4.890
This pag8 does not form part of the statutory financial ststements
Page 20

THE GRACE CHARfrABLE TRUST
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 30 APRIL 2025
3014125
3014124
Governanc8 costs
Brought forward
Other governance costs
Secretarial services
4,890
3,263
3,259
4,890
3,677
3,168
Total rèsourcas 8xpend8d
2,482,096 1,854.283
Net income
241,461
524,959
This page does not fomi part of the statutory financial statements
Page 21