Charliy number: 519849
The Community of Grace
Trustees, report and financlal statements
for the year ended 31 st March 2024

The Community of Grace
Contents
Page
Legal and adminislratlve information
Trustees report
Independent examiners, report
Statement of financial actlvities
Balance sheet
10
Notes to the financial stalemenls

The Community of Grace
Legal and administratlve Informatlon
Charlty number
519849
Principal office
119 Margaret Road
Leicester
LE5 5FW
Trustees
Mr Benjamin Brown
Reverend David Howlett
Reverend Dr. Deborah Baird
(resigned 1s1 Augusl 2023)
Accouniants
Adkln Slnclair LLP
Sterling House
32 Sl John Street
Mansfield
Notlinghamshire
NG18 1QJ
Bankers
Co-operative Bank
1 Balloon Street
Manchester
M60 4EP
Page 1

The Community of Grace
Report of the trustees
for the year ended 31 st March 2024
The trustees present their report and the financial statements for the year ended 31st March 2024. The
trustees who served during the year and up to the date of this report are set out on page 1.
Reference and admlnlgtratlon detalls
Our charity is known as The Community of Grace, registered number 519849. Our administrative office
address is 119 Margaret Road, Leicester LE5 5FW.
Obleeiives and actlvltles
Objects and Alms
The objects of the charity are the relief of poor persons who are homel8ss or otherwlse socially isolaled by
providing accommodation and support.
Community of Grace aims to empower homeless and socially isolated people to develop Iheir physical,
mental and spiritual capacities so that they may become lull members of society playing iheir part in the local
community.
We do this by the providing support and accommodation including:
Safe and nurturlng accommodallon thai provides a slab18 living experience lo those who have been
homeless or socially isolated.
People are supported lo develop positive relationships and gain life skills lo Ilve independenlly and maintain
their accommodation.
Every person has a support plan that identifies his or her health, education and training needs and
opportunities.
Offering advice, guidance & support.
Delivering a Place ol Welcome where people who are socially isolated feel safe to connect, belong and gei
involved.
The off er ol therapeutic aclivily to help people develop physically, mentally and spiritually.
A cornmunily garden that provides a place for exercise, therapy, and healing lor people who have been
socially isolated or homeless.
Publlc benef11
Community ol Grace activities are designed to meet ils objeclives. We review our objectives and plan each
year. This review helps us to remain focused on our stated purposes. 11 also enables us lo look al the key
areas of our aclivilies to ensure we have delivered to the individuals and groups we are set to support.
Our main actlvities and beneficiaries are described in Ihe report. All our charitab18 work is undertaken to
further our charitable purposes for the public benefit. Our work is supported by appropriate policies,
procedures, guidelines and governance documentation. We consult with volunteers and clients to ensure wo
deliver and improve our services.
We have referred lo the Chariiy Commission's General Guidance on Public Benefit in the review of our work
presented in this report. The Charity believes it has demonstrated that it provides a public benefit through the
services it provides and the target groups which it seeks lo support.
Page 2

The Community of Grace
Report of the trustees
for the year ended 31 st March 2024
Achievements and performance
Accommodation
Selling of Hunters Lodge
In May 2023, the Trustees sold Hunters Lodge in Leicester. While the property had served the charlty well for
35 years, it had since become a listed building and fallen into disrepair. The eslimaled cost of repairs lo bring
the building up to the listed building standards ranged between three and four rnillion pounds. Additionally, the
surrounding area had changed significantly over the years, with the introduction of a lorry depot and an evenls
venue opposite the property, resulting in substantial noise and disruption, particularly at night.
The Trustees recognised that the aging, listed status of the building, along with the evolving nalure ol the
neighbourhood, hindered Iheir abilily to fulfil their purpose and vision of offering the peace and open spaces
essential for promoting the wellbeing and recovery of Community of Grace's clients. Consequently, the
Trustees decided to sell the property and partner with Graceworks Gardens Limited to develop a new
CoHousing community Ihat would be designed to provide clients with the supportive environment they need.
New Accommodatlon
In October 2023, after extensive elfort, Graceworks Gardens Limited, with a program-relaled investment
from Community of Grace, purchased West Drayion Farm. The vision is to establish a groundbreaking
supportive cohousing project that addresses current needs by cr8aling quality, affordable housing with shared
spaces. These shared areas will tosler mutual support among residents, encouraging collaboration as they
work the land together lo provide sustenance and a sense of shared purpose.
This innovative environmenl aims io nurture Communily of Grace's clients, helping them recover holistically
from social isolation and homelessness. 11 promotes healing through community, connection, and purposeful
engagement. Although still in the early stages of development, Community of Grace is already providing
accommodation on the farm, benefiting 5 individuals who have faced homelessness, social isolation, and both
physical and mental health challenges.
Addre88lng soclal1801allon- Place of Welcome
Community of Grace continues lo operate a thriving hub at Wycliffe United Reformed Church in Leicester, in
collaboration with Wycliffe UFIC, Grow Together, and One Roof Leicester.
Twice a week, Community of Grace hosis a Place of Welcome-an inclusive environment for individuals who
are socially isolated or al risk of homelessness. This refuge addresses basic needs by offering support,
refreshments, and a nutritious lunch. More importantly, il provides a space that foslers social inclusion
through meaningful interactions with volunteers and fellow attendees, helping to combat the effects of
loneliness and isolation.
Emotional support is al the heart of Ihis initiative. Volunteers provide a compassionale lislening ear, assist
individuals in navigating their challenges, and create a sense of belonging. The Plac8 of Welcome also acts
as an inlormalion hub, connecting participants to vital local services.
Through diverse activities, medilalion sessions, and gardening opportunities, attendees are ernpowered lo
rebuild their confidence and self-esteem. By fostering a non-judgmental and supportive atmosphere, these
spaces help restore dignity to individuals who may have experienced stigma elsewhere. This holistic and
empowering approach addresses the root causes of homelessness and social isolalion, promoting recovery
and resilience.
Page 3

The Community of Grace
Report of the trustees
for the year ended 31 st March 2024
Addressing Food Poverty
Community of Grace has provided weekly food parcels for our clienls, individuals in emergency
accommodation and other vulnerable individuals and families. The food packs contain a range of produce to
ensure clients can prepare healthy nourishing meals.
A volunteer visils every week to deliv8r th8 healthy, fresh veg, fruil and m8at alongside staples like pasta, rice
and tinned food.
The weekly visits mean we can check in with people and be a friendly face.
We deliver produce grown at our community garden to vulnerable households, along with donations from the
public.
In July 2023 and January 2024 we received support from Islamic Relief UK and worked with One Roof
Leicester lo provide additional food hampers lo residents suttering from food poverty in Leicesler. This
involved organising and delivering fresh and non perishable food to over 300 people in the cily.
Communlty Garden
Community of Grace, in partnership with Grow Together, operat8s a thriving community garden located at tha
rear of Wycliffe United Reformed Church. This initialive began eighi years ago when a small group of
homeless clients Irom the community expressed a desire to conne¢1 with nature and grow their own food.
Since then, the Community Garden has flourished inlo a vibrant ecological permaculture project. It features
food production, beehives, aquaponics, and volunteering opportunilies in both the garden ancl the kitchen.
The space provides a unique opportunity for individuals lo connect with others in a gentle, non-intrusive
way-gardening side by side at their own pace, sharing lea breaks, and enjoying the sense of belonging that
comes Irom being part of a regular, non-judgmenlal group. This environment significantly helps reduce
feelings of isolalion and exclusion.
In 2023, the Community Garden was honoured with the Most Inspiring Entry award in East Midlands in Bloom,
a recognition of ils members, unwavering dedication to community engagement, environmental slewardship.
and exceptional gardening achievements.
Judith Boston, an RHS Assessor, was deeply moved by the garden, describing it as "an oasis of regenerative
gardening, where each leaf tells a story of nurture and renewal. Il's a testament to the power of community
and nature working hand in hand, creating a haven of hope."
A volunleer beautifully encapsulated th8 essence of the garden, saying, "The soul and the soil are nurtured
simultaneously in our community garden. 11 stands as a beacon of welcome, offering solace lo those seeking
connection. tr4ere, hands meet the soil, and hearts find a home. This garden is not just a haven for the lost or
a sanctuary for the lonely but also a playground for growth-not only for plants bul for the human spirit."
Page 4

The Community of Grace
Report of the trustees
for the year ended 31 st March 2024
Volunteers
Community of Grace is a charity run by a volunteer force and has no paid workers.
Volunteers have pul in over 2000 hours of their own time during the year.
Community of Grace has an active group of volunteers who support the charily With..
Client Support
Donations
Cooking
Property Maintenance
Food Deliveries
Gardening
Befriending
Bookkeeping
Administration
Donatlons and Fundralslng
This year has been challenging for grant funding, largely due to the uncertainly surrounding the timeline for
the property sale and the development al West Drayton Farm. As a resull, no granl applications wer8
submitted during this perlod. However, we have been lortunale to receive donations from individuals who
support our mission.
A signilicanl aspecl ol the projecl is the invaluable in-kind contributions made by volunteers and local
community and faith groups. These contributions include gardening, cooking, maintenance work, food
deliveries, providing toiletries, and much more. Their dedication and support play a crucial role in sustaining
and advancing our work.
Program-Aelated Inv•stm•nl
In October 2023, Community of Grace made a £700,000 program-related inveslmenl in Graceworks
Gardens Limiled, its partner since 2021, to facilitate the purchase ol Wesl Drayton Farm in Nottinghamshire.
The charity is ulilising the West Drayton Farm base lo offer accommodation, counselling services, life skills
training, and a supportive community where clients can build self-relianca and Iransition into aclive
participation in society.
Clients benefit from daily shared meals, collaboratively prepared by members of Graceworks Gardens and
Community ol Grace. These meals not only provide nutritious food bul also foster a social environment and
offer opportunities for clients to develop essential cooking and household skills.
Page 5

The Community of Grace
Report of the trustees
for the year ended 31 st March 2024
Future development
Community of Grace Truslees over the next 5 years are working with Graceworks Gardens to develop..
A shop
A community space
Additional accommodation
These initiatives aim lo address social isolation and support the broader housing and welfare needs of the
community.
West Drayton Farm serves as an ideal foundation for creating Supportive CoHousing and a Care Farm,
empowering individuals recovering from homelessness or social isolation to rebuild their lives.
Recognising its limitations in workforce and financial Capacity, Community of Grace has adopted a
partnership approach with Graceworks Gardens. This collaboration ensures access lo additional resources
needed to advance the project while mitigating risks to the charity.
Flnanclal revlew
During the year ended 31 st March 2024 the charity recieved income of £27,917 and incurred expenditure of
£71,324 which includes £30,000 arising from the sale of the premises in Leicester. Overall this year there was
a deficit of £43,407.
Reserves and Investment pollcy
Unrestricted funds amounted to £725,874 at the year end, of which £700,000 is represented by a long term
investment by way of a secured loan to Graceworks Gardens Ltd. Free reserves available for the day lo day
operation of the Charity amounted to £25,874 at the year end.
Structure, governance and management
Nature of Governlng Document
Community of Grace (COG) is a charitable Trust that was formed by a Trust Deed dated 22 December 1987
and has a registered charity number 519849. The Iruslees who have served during the period are set oul
above. The number of trustees should be a minimum of two and a maximum of nine. New truslees are
appointed by existing trustees. The Irustees meet regularly to discuss Ihe business of the charity.
Recrultment and Appolnlmenl of Dlreclorsrrruslees
New Iruslees attend an induction. This includes information on Community of Grace and other relevant
documents e.g. constitution, accounts, minutes of trustee meetings and the most recent projecl update,
Page 6

The Community of Grace
Report of the trustees
for the year ended 31 st March 2024
Statement of trustees. responsibilities
The trustees are responsible for preparing the Truslees, Annual Report and the financial slatements in
accordance with applicable law and United Kingdom Accounting Standards (Uniled Kingdom Generally
Accepted Accounting Practice).
Law applicable to chari11gs in England and Wales requires the trustees to prepare financial statements for
each financial year which give a Irue and fair view of charity and of the incoming resources and application of
resources of the charity for that year. In preparing these financial statements the trustees are required to..
sel8cI suitable accounllng policies and then apply them conslslently.,
observe the melhods and prlnciples in the Charities SORP 2019 {FFIS 102).
make judgements and estimates that are reasonabla and prudent;
state whether applicable UK Accounting Standards have been followed, subject to any materlal departures
disclosed and explained in the financial stalemenls., and
prepare the financial statemenls on the going concern basis unless it is inappropriate to presume that the
charity will continue in operation.
The trustees are responsible lor keeping proper accounting records which disclose with reasonable accuracy
at any time the financial position of the charity and enable them lo 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.
On behalf of the board
Reverend Davld Howlett
Trustee
Date: 301h January 2025
Page 7

The Community of Grace
Independent examiner's report to the trustees of The Community of Grace.
I report to the Charity trustees on my examination of the accounts of The Community of Grace for the year
ended 31st March 2024 set out on pages 9 to 19.
Responslblllties and basis ol report
As the charily's trustees you are responsible for the preparation of the accounts in accordance with Ihe
requirements of the Charities Act 2011 {'Ihe Act,).
I report in respect of my examination of the charity's accounts carried out under section 145 of the Act and in
carrying oul my examination I have followed all the applicable Directions given by the Charity Commission
under section 145{5llbl ol the Act.
Independent examlner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection
with the examination giving me cause to believe that in any material respect:
accounting r8cords wer8 not kept In respect of the charity as required by section 130 of the Act., or
the accounls do nol accord with those records; or
the accounts do not comply with the applicable requirements concerning the form and conlenl of
accounts set out in the Charities (Accounts and Reports} Regulations 2008 other Ihan any
requirement that the accounts give a 'lrue and fair view, which is not a matter considered as part of
an independent examination.
I have no concerns and have come across no other matters in connection wlth the examlnallon lo which
allenlion should be drawn in this report in ord8r to enable a proper understanding of the accounts to be
reached.
Chrlstopher Adkln
Chartered Accountanl
Adkln Slnclalr LLP
Sterllng House
32 St John Street
Mansfleld
301h January 2025
Page 8

The Community of Grace
Statement of Ilnancial activities
For the year ended 31 st March 2024
Unrestrlcted
funds
2024
Total
2023
Total
Noles
Income from:
Donations and legacies
Charitable activities
Investments
5,291
954
21,672
5,291
954
21,672
16,034
1,027
Total Income
27,917
27,917
17,063
Expendllure on:
Charitable activities
Other resources expended
41,324
30,000
41,324
30,000
17,369
Total expendlture
71,324
71,324
17,369
Net movemenl In funds
{43,407) 143,4071
{3061
Total funds brought forward
769,281 769,281
769,587
Total funds carrled forward
725,874 725,874
769,281
The statement of financial activities includes all gains and losses in the year and therefore a separale
stalgmenl of total recognised gains and losses has nol been prepared.
All of the above amounts relate to continuing activities.
The noles on pages 1110 19 form an Integral part of these flnanclal slatements.
Page 9

The Communlty of Grace
Balance sheet
As at 31 st March 2024
2024
2023
Notes
Fixed assets
Tangible assets
Investments
3,152
700,000
754,203
10
703,152
754,203
Current assets
Debtors
Cash at bank and in hand
429
25,893
14
15,064
26,322
15,078
Creditors: amounts falling
due within one year
12
(3,6001
Nei current assets
22,722
15,078
Net assets
725,874
769,281
Funds
Unreslricted income funds
13
725,874
769,281
Total funds
725,874
769,281
The linancial statements were approved by the board of trustees on 30th January 2025 and signed on its
behalf by
Reverend David Howlett
Trustee
The noles on pages 11 to 19 form an integral part of these financial statements.
Page 10

The Community of Grace
Notes to the financial statements
For the year ended 31 st March 2024
Summary of significant accountlng pollcies
The charity constitutes a public benelil entity as defined by FRS 102. The financial statements have
been prepared in accordance with Accounting and Reporting by Charilies.. Slatemenl of Recommended
Practice applicable to charities preparing their accounts in accordance with the Financial Reporting
Standard applicable in Ihe UK and Republic of Ireland issued in October 2019, the Financial Reporting
Standard applicable in the UK and Republic of Ireland IFRS 1021. the Charities Act 2011, Ihe
Companies Act 2006 and UK Generally Accepted Practice.
Thg principal accounting policies applied in the preparalion of these financial stalements are set oul
below. The accounting policies have been applied consistently throughout the year and the preceding
year.
1.1. Basis of accountlng
The financial statements are prepared on a going concern basis under the historical cost convention,
modified to include certain ilems at fair value. The financial statements are prepared in slerling which
is the functional currency of the charity.
1.2. Cashflow
The charity has taken advantage of the exemption in the Charities SORP 2019 from the requirement to
produce a cashflow slalement.
1.3. Fund accounting
Funds held by the charity are either-
Unreslricted funds - these are funds which are available for use at the discretion of the trustees in
furtherance of the general objects of the charity.
Designated funds are unrestricled funds set aside for specific purposes at Ihe discretion of the
trustees.
Restricled funds - these are funds which can only be used for particular restricted purposes within tha
objects of the charity. Restrictions arise when specifi8d by the donor or where funds are raised for
particular restricled purposes.
Transfers between funds:
Where permitted, the release of restricted funds to unrestricted general or designated funds may be
made al the conclusion ol a restricted activity. General unrestricted funds may be transferred at the
discretion of the trustees lo assist in supporting a particular activity.
Page 11

The Community of Grace
Notes to the financial statements
For the year ended 31 st March 2024
1.4. Income recognition
All incoming resources are included in the statement ol financial activities when the charity is entitled to
the income and the amounl can be quanlified with reasonable accuracy. The following specific policies
are applied to particular categories of income-
Income and endowmenls
Voluntary income including donations, gifts, lega¢ias and grants that provide core lunding or are of
a general nalure is recognised when the charity has entitlement to the income, it is probable that
the income will be recoived and the amount can be measured with sufficient reliability.
Donations and legacies
Donations are recognised when the charity has been notified in writing of both the amount and
settlement date. In Ihe event that a donation is subject to conditions that require a level of
performance by the charity before the charity is entitled lo Ihe funds, the income is deferred and
not recognised unlil eilher Ihose condilions are fully met, or the fullilmenl of those conditions is
wholly within the control of the charity and it is probable that these conditions will be fulfilled in tha
reporting period.
Investment Income
Investment income is included when receivable.
Grants recelvable
Granls are recognised when the charity has an entitlement to the funds and any condilions linked
lo the grants have been met. Where performance conditions are attached to the grant and are yet
to be met, the income is recognised as a liability and included on Ihe balance sheel as deferred
income to be released.
Glft Ald
Incoming resources from tax reclaims are included in the Statement of Financial Activities at the
same tiffle as the gift to which they relate.
1.5. Expenditure
All expenditure is recognised once there is a legal or construclive obligation to that expenditure. it is
probable settlement is required and the amount can be measured reliably. All costs are allocated lo the
applicable expendilure heading that aggregate similar costs lo that category. Where cosls cannot be
directly attributed to particular headings they have been allocated on a basis consistent with the use of
resources, with central staff costs allocated on the basis of time spent, and depreciation charges
allocated on the portion of the asset's use. Other support costs are allocated based on the spread of
slaff costs.
Charllable activities
Charitable expenditure comprises those costs incurred by the chariiy in the delivery of 115 activities and
services for its beneficiaries. It includes both costs that can be allocated directly lo such activities and
those costs of an indirect nature necessary to support them.
Governance costs include costs associated with meeting the constitulional and statutory requirements
of the charity and inclL¢de the accounts examination fees and cosls linked lo the strategic management
of the charity.
Page12

The Communlty of Grace
Notes to the financial statements
For the year ended 31 st March 2024
1.6. Fixed assets
Depreclation
Depreciation is calculaled using the reducing balance basis method at a rate of 25°/o per annum to
write down the cosl of fixed assets over their estimated useful lives at the following rates..
Land and buildings
Furniture and equipment
Other langible fixed assets
Nol depreciated
250/0 reducing balance basis
250/0 reducing balance basis
1.7. Investments
Fixed assel investments are initially recorded al cost, and subsequently stated at cost less any
accumulated impairment losses. Listed investments are measured at fair value with changes in fair
value being recognised in Ihe statement of financial activities.
1.8. Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership
remain with the lessor are charged against profit on a straighl line basis over the lease term.
Page13

The Community of Grace
Notes to the financial statements
For the year ended 31 st March 2024
1.9. Financial inslruments
A financial assel or a linancial liability is recognised only when the company becomes a party to the
contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangemenl
constilutes a financing transaclion, where it is recognised at the present value of the future payments
discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
Where investments in non-convertible preference shares and non-puttable ordinary shares or
preference shares are publicly traded or their fair value can othe￿iSe be measured reliably, the
investment is subsequently measured al fair value with changes in lair value recognised in profit or
loss. All other such investments are subsequently measured at cost less impairmenl.
Other financial instruments, including derivatives, are initially recognised at fair value, unless payment
lor an asset is deferred beyond normal business terms or financed at a rale of interest that is not a
market rale, in which case the asset is measured at the present value of the fulure payments
discounled at a market rate of interest for a similar debt inslrument.
Other financial instruments are subsequently measured at fair valu8, Wlth any changes recognised in
profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets thal are measured at cost or amortised cosl are reviewed lor objective evidence of
impairment at the end of each reporting dale. If there is objective evidence of impairment, an
impairment loss is recognised in profit or loss immediately.
For all equity instruments regardless of significance, and other financial assets that are individually
significant, these are assessed individually for impairment. Other financial assets are either assessed
individually or grouped on the basis ol similar credit risk characteristics.
Any reversals of impairment are recognised in profil or loss immediately, to the extent that the reversal
does not result in a carrying amount of the financial asset that exceeds what the carrying amount would
have been had the impairment not previously been recognised.
Income from donations and legacies
Unreslricled
funds
2024
Total
2023
Total
Sundry donations
Grants receivable - unrestricted
5,291
5.291
15,201
833
5,291
5,291
16,034
Income from donations and legacies was £5,291 {2023 - £16,034) of which £- (2023 - £-) was
attributable to restricte(J funds.
Page 14

The Community of Grace
Notes to the financial statements
For the year ended 31 st March 2024
Income from charltable activities
Unreslrlcted
funds
2024
Total
2023
Total
Consultancy
954
954
1.027
954
954
1,027
Income from Charitable activities was £95412023 £1,027) of which £-12023 - £-} was attributable to
restricted funds.
Income from Invesiments
Unrestrlcted
funds
2024
Total
2023
Tolal
Bank interest receivable
Other inleresl receivable
3,173
18,499
3,173
18,499
21,672
21,672
Income from Investments was £21,672 (2023 - £2) of which £- (2023 £-) was attributable to restricted
funds.
Page 15

The Community of Grace
Notes to the flnancial statements
For the year ended 31 st March 2024
Expendlture on charllable actlvltles
Unrestrlcted
funds
2024
Total
2023
Total
Dlrect costs:
Rent
Rates and utilities
Light and heat
Repairs, maintenanc8 and equipment
Insurance
Client welfare
Legal and professional
Telephone and internet
Postage, slalionery and telephone
Depreciation
Travel
21,114
1,765
3,355
186
1,084
758
7,222
1,031
44
1,051
24
21,114
1,765
3,355
186
1,084
758
7,222
1,031
44
1,051
24
4,739
3,843
266
6,488
984
633
74
37,634
37,634
17,027
Governance costs (note 81
3,690
3,690
342
Total
41,324
41,324
17,369
Expenditure on direcl charitable aclivities was £37,634 {2023 - £17,027) of which £-12023 - £-) was
attributable to restricted funds.
Expenditure on governance costs, was £3,69012023 - £3421 of which £- (2023 - £.) was attributable lo
reslricled funds.
Governance costs
Unrestrlcted
funds
2024
Tolal
2023
Total
Accountancy and examination
Subscriptions
3,600
90
3,600
90
252
90
3,690
3,690
342
Page 16

The Community of Grace
Notes to the financial statements
For the year ended 31 st March 2024
Other resources expended
Unrestricted
funds
2024
Tolal
2023
Tolal
Loss on disposal of tangible fixed assets
30,000
30,000
30,000
30,000
Employees
Employment costs
No salaries or wages have been paid to the trustees. Expenses of £Nil12023: £Nil) were reimbursed.
Number of employees
The average monthly numbers of employees (including the Irustees} during ihe year, calculated on the
basis of lull time equivalents, was as follows..
2024
Number
2023
Number
Trustees
Land and
Fixlures,
buildings flttings and
freehold
equipment
Tanglble flxed assets
Total
Cost
At 1 st April 2023
Disposals
750,000
(750,0001
570
3.633
754.203
1750,000)
At 31st March 2024
570
3,633
4,203
Depreciation
At 1 st April 2023
Charge for the year
143
908
1,051
At 31st March 2024
143
908
1,051
Net book values
At 31st March 2024
427
2,725
3,152
At 31st March 2023
750,000
570
3,633
754,203
Page 17

The Community of Grace
Notes to the financial statements
For the year ended 31 st March 2024
Other
unlisted
Inveslments
10. Flxed assel Investments
Total
Valuation
Addilions
700,000
700,000
Al 31 sl March 2024
700,000
700,000
Historical cost as at 31 sl March 2024
700,000
700,000
All fixed asset investments are held within the United Kingdom.
Fixed asset investment represents a secured loan made to Graceworks Gardens Ltd for a period of 5
years from the 28th September 2023. The loan carries an interest rate of 5.2°/o per annum.
11. Debtors
2024
2023
Other deblors
Prepayments and accrued income
14
429
429
14
12. Creditors: amounts falling due
within one year
2024
2023
Other creditors and accruals
3,600
Page 18

The Communlty of Grace
Notes to the flnanclal statements
For the year ended 31 st March 2024
13. Analysis of net assets between funds
Unreslricted
funds
Total
funds
Fund balances at 31 st March 2024 as represented by:
Tangible fixed assets
Inveslment assets
Current assets
Current liabilities
3,152
700,000
26,322
13,600)
3,152
700,000
26,322
13,6001
725,874
725,874
14. Unrestrlcted funds
At
1 Aprll Incomlng Ouigolng
2023 resources resources
Al
31 March
2024
Unrestricted lunds
769,281
27,917
171,3241
725,874
Page 19