COMPANY REGISTRATION NUMBER: 01926963
CHARITY REGISTRATION NUMBER: 327014
Grove Books Limited
Company Limited by Guarantee
Unaudited Financial Statements
For the year ended
31 December 2024

Grove Books Limited
Company Llmited by Guarantee
Flnau¢ial Statements
Year ended 31 Detember 2024
Pages
T￿SleeS, annual report (incorporating th¢ dIr¢￿￿S report)
Ito3
Independent examinerfs report to the tru5teC5
Statement of financial activities (including inrome and expenditure account)
Statement of financial position
6t07
Notes to the financial sLqtemcnts
8tolS

Grove Books Limited
Company Limited by Gusrantee
Trustees, AnnuAI Report (Ineorporating the Dlrectorls Report)
Year ended 31 DEcember 2024
The trustces, who are also the directors for the purposcs of company law, present their report and the unauditcd
financial statement5 of thc ch8rity for thc year ended 31 December 2024.
Reference and adminlstrative details
Registered charlty name
Grovc Books Limited
Charlty registrAtlon number
327014
Company registratlon number
01926963
Principvdl office And reglstertd
office
Ridlcy Hall
Ridley Hall Road
Cambridgc
CB3 9HU
The trustees
Revd M P C Collinson
Dr F Shaw
Rcvd l G Silk
Ven B T Lloyd
Revd N J Blandford-Baker
Rev A J Joseph (Chair)
Rcv R A Knight
Mr M J Simmonds
Revd B A Brady
(Resigncd 3 l Decembcr 2024)
(Resigned I l March 2025)
Comp%ny seeretAry
Revd l G Silk
Indep¢nd¢ot exAmlner
Mr S Tharby FCA
For and on behalf of
StreeL8 Chartei'ed Accountants
3 Wellbrook Court
Girlon
Cambridge
CB3 ONA
Structure? govern*nce management
LeE*I ststU5
Grovc Books Limited is a registered charity, number 327014 and a company limited by guarantee, wmpany
registraliun number 01926963. The company is govcrned by its memorandum and articles of association.

Grove Books Limited
Company Llmlted by Gugrantee
Trustees, Annual Report (Incorporating the Directorls Report) (co•llNutdJ
Year ended 31 December 2024
Structure? govern4nc¢ and management {covllllMvd)
Organisational structure
Thc trustees determine the general policy of the organisation. The day to day managcrneTrt of the charity is in thc
hands of Susanne Thompson.
Risk management
As the charity's gros5 income is les5 than £250,000, a deiailed risk analysis is not required. Th¢ trustees havc
essed somc of the risks to which the charity is exposed and are satisfied that systetns arc in place to mitigate
any exposure tu such risk5.
Appolntment of trustees
Vesled in continuing trustccs. When a vacancy for a truslee becomes available potential trustees will be
interviewcd and votcd on at the next trustees mceling.
Objectives and Aetlvltie5
'rhe objects of the charity ￿e the advancement ol. thc Christian religion by all mcans ot. communication but
principally by the publication and dtstribution of the written word.
Publlc benetit
Thc Trustecs have complied with the duly in Section 4 of thc Ch￿l(leS Act 2011 to have due rc8ard to publi
benefit guidance published by ihe Charity Commission.
rn accordancc with its objects, the main work of the charily 15 the publishin8 of booklets whiLh advance the
Chrislian religion in a wide range of subjects. The benefil is not restricted to a specific group of people.. &nyon¢,
regardless of sex, race, agc or geographical location, can buy thc Eooklets, in hard copy or onlin¢ and can a150
have access to them Ihrough a library,
The booklets providc essential tcaching resources for the Church of England, the Estsblished Church. This
providcs an extcnded bencfil to th¢ public, as ministers, ordaincd or lay, who read thcm. thereby dcliverin8 a
belter service to the public; for example, in t¢achin8 the faith or in takin8 funerals.
The charity subsidises its publications io make thcm more accessiblc. This is primarily through the use of
volunteer author groups which the charity eslablisheb.
'This work with auihor groups is also aimed at discernin& encouraging and co&Lhing new author5. and also
providing a forum where ncw ideas and develupment5 can be discussed.
Achievements And performanee
During thc year the charity has continued with its aim of the advancement ol Ihe Christian faith through book5
and public&Cions. Total incoming resources were £95.417 8nd iotal outgoing resources were £107.133.

Grove Books Limlted
CoMp￿Y Limited by Guargntee
Trnstee8' Annual Report UD¢orpornilng the Dirertor's Report) (¢oth*d)
Ye¥r ended 31 December 2024
Ftnanclal review
Reserves ￿lleY
The ¢harity'8 reserves equivalent to its totsl fimds per the b818nce sheet of £26,298.
The level of cash (£19,193) is tsrgeted to cover three months operating expenses (support ￿sts of £53.008),
which th¢ Tn￿tee$ reEard as prndent provision. The Trnstees note that ¢urreftt cash l¢v¢l$ are above prt￿ent
provision,
Investment poweri •nd r¢strletlono
These are governed by the memorandum and articles of 8880ciation which pern]it fithds to be invested in
investments. s¢eurities or property at tbe discretion of the trustees.
Pl*ni for flltsre periodg
The Board will be tskiDg st¢p$ to ensure w¢ ore rnaximising opportuwtie8 for wid¢r regular income, jDcludin8
the 8Gcegsibility of our di¥ital texts, and r¢￿hIng out to a wider and more diveT3e ¢u5tom¢r base.
Smau company provisloDI
This report has been prepard in accordance with the provisioas applicable to couLp4ni¢8 entitled to th¢ STDall
Comp￿leS exemption.
The trustccs, annual report was approved on ... .......
. and S1￿cd on behalf of the board of t￿￿te¢S by..
R¢vd l G Silk
Trnstee

Grove Books Limited
Company Limited by Guarantee
Endependent Examlnerls Report to tbe Trustees of Grove Books Limited
Year ended 31 Decernber 2024
I report to ihe trustees on my cxamination of thc financial statcments of Grove Books Limilcd ('the charity,) lor
thc y¢ar cnded 31 December 2024.
Respon5ibllities and basi5 of report
The trustees are also the directors of the company for the purposes of company law are responsible for the
preparation of thc financial statements. The trustee5 consider that an audit is not rcquired for this year under
section 144(2) of the Charities Act 2011 {the 2011 Act) and that an independent examination is nccded.
Having satisfied myself that the charity is not subjcct lo audit undcr company law and is eligiblc for independcnt
examination. IL is my responsibility lo..
examine the accounts under section 145 ot'the 2011 Act;
follow the procedurcs laid down in thc Gener&1 Dircclions given by the Charity Commission under
section 145(51(b) of the 201 l Act; and
to state whether particular matters havc come to my attenlion.
Independent examlner's statement
In connection wi(h my cxamination, no matter has come to my attcnlion..
(l ) which gives me reasonable cause to bclieve that in any material respect the irquiremcnls:
to keep accounting records in accord8nce with seLlion 386 uf the Companies Act 2006. dnd
to preparc account5 which accoi'd with the accounting records, comply wilh the accountin8 rcquiremenls of
section 396 of thc Cumpanies Act 2006
have not bccn met, or
(2) to which, in my opinion, attention should be drawn in order tu cnable a proper understandin8 of ihe accounts
to b¢ re&¢hed.
Mr S Tharby FCA
Independenc Examiner
For and on bchalt of
Sireets Chartered Accoun￿llts
3 Wellbrook Court
Girton
Cambridge
CB3 ONA

Grove Books Limited
Company Limited by Guarantee
St#tement of Financial Aetlvities
(including income expenditure aecount)
Year ended 31 Dtcember 2024
2024
Restricted
funds TotAI funds
2023
Unrestricted
funds
Total funds
IYot¢
Intome and endowments
Donalions and legacies
Charitsble activilies
Invcstment income
Other income
2,500
2,500
92,314
10.000
102.441
75
829
92,314
603
603
Total income
92.917
2,500
95,417
13,345
Expenditure
Expendituie on charitable &ctivitie5
Total expenditure
9.10
107.133
107,133
107,917
107.133
107,lJ3
107,917
Net (expenditure)Ancome and net movement
in funds
(14,216)
2,500
(11,716)
5,428
Reconelllation of funds
Total funds brought fon¥ard
Total funds carried forward
38.014
38,014
32.586
23.798
2,500
26,298
38.014
The statement of linancial activities includes all gains and losses recognised in the year.
All income and expcnditurc derive from cuntinuing activilies.
The notes on page5 8 to IS forni part of these financial statements.

Grove Books Limited
Company Limited by Guarantee
Statement of Finaneial Position
31 December 2024
2024
2023
Note
Fixed assets
Tangible fixed assets
16
958
1.208
Current assets
Siock5
Debtor5
Cash ai bank and in hand
17
18
24,254
3,407
19,193
24.394
2.520
30.161
46054
57.075
Creditors: amounts falling due wlthin
ont year
19
21,514
20,269
Net current assets
25?40
36,806
38,014
Total assets less Current li4billtles
26,298
Net a$$ets
26,298
38.014
Funds ofthe eharlty
Restriclcd lunds
Unrestricted funds
2￿00
23,798
38,014
Total charity funds
20
26,298
38.014
For the year ending 31 Deccmber 2024 thc LhariLy was cnLitlcd ￿ exemption from audit undcr Section 477 of the
Companies AGI 2006 rclating to small companies.
Directors, responsibilities:
Thc members have not requircd the company to obtsin an audit of ils financial Statements for the year in
qucstion in accordance with section 476.
The directors acknowledge their rcsponsibilitie5 for complying with the reqUireM￿t5 of the Act with
rcspecl to accounting records and the preparation of financial slaiements.
Thcse financial stalemenls have been prepared in accordance with the provisions appliLablc to Companies subject
to thc small companies, regime.
The statement of financial position
continuc5 on the following pag¢.
The llote5 on pages 8 to 15 forni part of the5¢ financial statement5.

Grove Books Ltmited
Company Limlted by Guarantee
s￿ten￿llt ofFknandg1 Po8ltlon (¢oMdwd)
31 De¢ember 2024
nd are sigoed oll behalf ofthe board by.
R¢vdiQSi
The lloteJ oll p2ge8 8 to 15 fom part of these Ilna•¢knl s¢8tement&

Grove Books Limited
Company Limited by Guarantee
Notes to the FinanciAI Statements
Yt*r ended 31 December 2024
GeDero1 information
The charily is a private ¢ompany limit¢d by guarant¢o. registered in England and Wales and a registered
charily in England and Wales. The address of the registered office is Ridley Hall, Ridley Hall Road.
Cambridge, CB3 9HU. United Kingdom.
Statement of complianee
These financial statements have been prepared in compliance with FRS 102. 'The Financial Reporting
Standard applicable in thc UK and the Republic of Ircland,, the Statement of Recommendcd Practice
applicable lu charities preparing their &ccounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Companies
Act 2006 and the Charities Aci 2011.
Accounting pollcies
Ba8ls of preparatlon
The financial statements have been prep￿ed on the historical cost basis.
The financial stalcments are prepared in sterling* which is the functional ￿rrettcy of the enlity.
Golnz concern
Thcre are no material unLertainlies aboul the charity's ability to conlinuc.
Disclosure exemptlons
The entity salistlCS the criteria of being a non-large charily as defined in Charity SORP (FRS 102). As
su¢h, advantage has becn iaken ot'th¢ following disclosure exemptions avail¢iblc'.
(a) No cash flow statement has been presented for the company,
Fund aeeountlng
General fijnds are unrestrictcd funds which are available for use at ihe discrction of the trustees in
furtherancc ofthe general objectiv¢s of thc charity and which have not bven designaled for oihcr purposes.
Income
Income is included in the statement ol. financial activitics when entitletnent has passed to the ch&rity, it is
probable that the economic benefits assuLiated with the transaction will flow to the charity and the amount
can be reliably measured. Thc following specific policies arc applied to particular catcgorie5 of income:
income from donations or grants is recognised when thcre is evidence of entitlement to the gitl receipt
is probable and its amounl can be measured reliably.
legacy income 15 reeognised when receipt is pr()bablc and entitlemenl 15 established.

Grove Books Limited
Company Limited by Guarantee
Notes to the Financial Statements (collliRMvd)
Year ended 31 December 2024
Aceounting policies (¢oMlillued)
Income (conllnmedj
income from contracts for the Supply of goods or service5 is recognised with the delivcry of the
contracted good5 Or services. This is classified as unrestricted funds unless ihere is a contractual
requiremeni for it to be spenl on a particular purpose and relurned if unspent, in which case it may be
regarded Èis restricted.
invcstment income is rccognised in the accounts when it is received.
Expendlture
Expenditure is recognised on an accrual basis as a liability is incurred.
Charitablc expenditure comprises those cost5 ineurred by the charity in furtherancc of the charity,
objecLives and represcnt5 the cosl of goods and services and ancillaiy trading costs that have becn ineurred
in charitable activities and the costs asso¢iaied with m¥e¢irtg the constitutional and statutory rcquiremenl of
the charity. Tt includes both costs that can be allocatcd dir¢¢tly to such aclivitics and Ihose costs of an
indirect nature necessary to suppurt them.
Tanglble Assets
Tangible fixed assets for use by the charity are capiLqli5cd if thcy can be used for more than one ycar and
cost dt le&st £l,QOO. They are valued at CQ8t or, it-giftcd, dt the value to the charity on reLeipt.
Depretlation
r)eprecidtion is calculated so as io write oll. Ihc c05t or valuation of an assct, les5 Its residual value, vvcr the
usefjJl economic life of that asset as follows:
Office Lquipmcnt
20Yo 5trai8ht line
Impalrnient of fixed Assets
A review for indicators of impairment is carricd out at each repurtin8 datc, with the recoverable amount
being estimatcd where such indicators exist. Wh¢re the carrying value exceeds the rccoverable amount, the
asset 15 impaired &ccordingly. Prior impairments arc also reviewed lor p055ible reversal at each reporting
date.
or the purposes ol impairnient testing, when it is nut POS8iblc to estimate the recoverdble amount of an
individual asset, an estimatc is made ot thc recoverable amount of the cash-generaling unit lo whiLh the
asset belongs. The cash-generating unit is the smallest identifiable group of assets thal includes the asset
and generatcs cash inflows that largely independent of the cash inflows from other assets or groups or
assets.
Stocks
Stock is stated at the lower of cost or net realisable value. The net re&li8ablc value of stock is calculalcd on
the basis of two yearg fijture sales on a straight line projcction from thc current year.

Grove Books Limited
Compgny Limlted by Guarantee
Notes to the Financial St&tement5 {¢willllued)
Year ended 31 December 2024
Accounting policies {eoAÉINue&)
Taxation
No provision has been made for cotpordtion tax or defetTed tax as the charity is a registered charity and is
therefore exempt.
Financigl Instruments
A financial asset or a financial liability is recogniscd only when the entity becomes a party to the
contraciual provisions of the instrumenl.
Basic financial instruments &re initially reLugnised at the amoun¢ receivable or payable including any
related iransaction cost5 and are subsequcntly measured at Ihc cash or oihcr consideration expected to be
paid or rcceived and not discounted.
Debt insts'uments are subsequcnily mcasured at amortised ¢osL
Financial assets thal arc measured at cost or 4iTnorLised c05t arc reviewed for objective cvidenLe or
impairnient al Ihc end of Cach rcpcJrtin8 dale. 11- therc is objeclivc cvidence of impaimient, an impairnicnl
Ios5 is rccognised under the appropriatc heading in thc slatemenl of financial activities in which the initial
gain was recogniscd.
Any reversals of impairment are rccogniscd immcdiutcly. iu the extcnt ihat the reversul does not result in
carrying amount ol- the tinancial aS￿t that cxccvds what the carrying amount would have been had the
impairment not previously been recugnised.
Defined contribution plans
Cuntribulions to defined contribulion plans are recoBnised as an cxpensc in thc period in which the related
service is provided.
Llmlted by Euxrantee
The charity is a company limiled by gu&raniee and has no share capital. In ihe cvent of the charity being
wound up. the liability in respect of the 8uarAnLee is limited Lo £1 per membcr ofthe charity.
Donatlons gnd legacles
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Donatlons
Donations
2,500
2500
Uni'eslricted
Funds
Restrictcd Total Funds
Fund5
2023
Donations
Donations
i 0,000
10,000

Grove Books Limited
Company Limited by Guarantee
Notes to the Financial Statemellts Iconlinmed)
Year ended 31 December 2024
Charitable Activities
Unrestricied TotAI Funds
Funds
2024
Unrestricted Total Funds
Funds
2023
Charitable trading incomc
92,314
92,314
102,441
102,441
Investment Income
Unrestricted Total Funds
Funds
2024
Unrestricted Total Fund&.
Funds
2023
Bank interest reccivable
75
75
Other Income
Unrestrieted Total Funds
Funds
2024
Unrcstricted Total Funds
Funds
2023
Royalties
Association subscriptions
528
75
528
75
729
100
729
100
603
603
829
829
Expenditure on charltable actlvitie5 by fund type
ljnrestricted Total Fund8
Funds
2024
Unrestricled Total Funds
Funds
2023
Advancement of the Christian Faith
Support custs
54,125
53,008
54,125
53.008
57,660
50,257
57,660
50,257
107,917
107,133
107,133
107,917
10. Expenditure on charitable actfvlties by 4rtivity type
Activities
undertaken
directly Support costs
Total fund
2024
Total funds
2023
Advancement of the Christian Faith
Governance costs
54.125
50,958
2,050
105.083
2,OSO
105.917
2,000
54,125
53,008
107,133
107.917

Grove Books Limited
Company Limited by Guarantee
Notes to the Financial Statements (cottiimued)
Yexr ended 31 December 2024
11. Analysls of support cost$
Advancement
of the
Christian Faith
Tot212024
To￿1 2023
Staff costs
Premiscs
Communications and IT
Govcmance costs
Other costs
24,478
,139
616
2,050
17,725
24,478
8,139
616
2,050
17,725
25.095
8.061
419
2,000
14,682
53,008
53,D08
50.257
12. Net (exptnditure)lincome
Net (exp¢nditure)lincome is staled after ¥hargingl(creditin8):
2024
2023
Dcprcciation of tangible fixed a55ets
250
42
13. Independent exanJln&tion fees
2024
2023
Fees payable to the indepcndent cxaminer for:
IndependenL examinatiun of the fin8llcidl staiemenls
2,050
2,000
'rhe independent examination fees arc lor the costs ol prcparing the financial siatements and the
independent examination fee.
14. Staff costs
The total staff costs and cmployec benefits for th¢ reporting period are analysed as follow5:
2024
2023
Wages and salarics
Employ¢r contributions to pension plans
23,418
1,060
24,109
986
24,478
25,095
The average head count of employee5 during the year w8s 2 (2023.. 2). The &veragc number of full-time
equivalent employees during the year is analysed a5 follows:
2024
2023
Administration
No employee received employee benefits of more than £60,000 during the year (2023: Nil).
12

Grove Books Limited
Company Limited by Guarantee
Notes lo the Financi41 Statements Iconlillued)
Year ended 31 December 2024
15. Trustte remuDer2tioH #nd expenses
The Inistees received no remuneration in carrying out their duties as trusiees (2023.. £Nil). There were no
expenses reimbursed to trustees (2023: £Nil).
16. Tangible fixed 4s5ets
Equipment
Cost
At l January 2024 and 31 DeceThber 2024
Depreciation
At l January 2024
Charge lor thc year
At 31 D¢¢ember 2024
1,250
42
250
292
Carrying amount
At 31 December 2024
9S8
At 31 Dccember 2023
1.208
17. Stocks
2024
2023
Goods for resale
24,254
24,394
18. Debtors
2024
2023
Trade dd)￿r5
Other debtors
2,706
701
1,518
1,002
3,407
2,520
19. Creditors: amounts falling due wlthiD one year
2024
2023
Trade creditors
Accruals and def¢t￿d income
2.506
17,763
21,514
21,514
20,269
13

Grove Books Limited
Company Limlted by Guarautee
Notes to the Flnantlal Statements fcoNiln¥ed)
Year ended 31 Deeember 2024
20. Analysis of Charltable funds
Unrestritted funds
At
l January
2024
At
31 December
2024
Income
Expenditure
General funds
38,014
92,917
(107,133)
23,798
At
l January
2023
At
31 December
2023
Income
Expcnditur¢
General funds
32,586
113,345
(107.917)
38,014
Restrlcted funds
At
l January
2024
At
31 Deeember
2024
Income
Expenditure
Restrictcd funds
2.500
2,500
At
l Janudry
2023
At
31 December
2023
Income
Expenditure
RestriLted tiinds
The restrictcd funds is a donation received in the year ended 3 l December 2024 to fund new markcting
activity onlinc in ihe year cnding 31 Dccembcr 2025.
14

Grove Books Limited
CompaTJy Llmited by Guarantee
Notes to the Financi81 StAtements (Co￿11￿￿ed)
Ye•r ended 31 December 2024
21. A￿AlySiS of net assets between funds
Unrestrictcd
Funds
Restric*d Total Funds
Funds
2024
Tangible fixed assets
Current assels
Crcdiiors less than l year
958
44,354
(21,514)
23,798
958
46,854
(21,514)
2,500
Net assets
2,5QO
26,298
Unrestricted
Funds
Restrict¢d Total Funds
Funds
2023
Tangible fixed assets
Current assets
Creditors les5 than l year
1,208
57.075
(20,269)
1,208
57,075
(20,269)
Net assets
38,014
38,014
22. Related parties
During the year £5,925 (2023: £6,525) wa5 paid io K Blandford.Baker, spouse of a director and trustee, for
typcsetling 5¢fviLes. K Blandford-Baker is aided by Revd N J Blandford-Bakcr, a diryctor and trustcc. As
at thc b31ancc sheet date £nil (2023: £nil) was duc to K Blandford-Bakcr.
15