Charlty number: 519849
The Communlty of Grace
Trustees. report and flnancial ststements
for the year ended 31st March 2025

The Communlty of Grace
Contents
Legal and admlnistratlve Informatlon
Trustees report
Independent examlner8' report
Statement of Nnanclal acllvS1ies
Balance sheei
Notes to Ihe Ilnanclal Statements
9.17

The Communlty of Grace
Legal and admlnlstratlve Informatlon
¢harlty number
519849
Prfnclpal olllce
Wydlffe United Refomied Church
The Common
Evinoon
Lelcester
LE5 6EA
Trust888
Reverend Dr. Deborah Balrd
ReV￿and Davkl Howlett
Accountanl8
Adkln Slnclalr LLP
Sterflng House
32 St John Street
Man8fl8ld
Nottlnghamshlre
NGt8 IQJ
Banker8
CO￿peratIVe Bank
1 Balloon Stre•t
Manchester
M60 4EP
Page 1

The Communlty of Grace
Report of the trustees
for the year ended 31st March 2025
The trustees present their report arKI the flnancial statements for the year ended 31st March 2025. The
trustees who seNed during Ihe year atKI up lo ttK8 date of this report are set out on page 1.
Obbcllves and actlvltles
Consiiiuiion and Oblects
The obj'ecttves ol the charity are the relief ol the poor who are homeless or otheTh￿e soclalty isolaled by
providing accommodatton and by supporting and further assisling such persons who by reason of any
physical emotional or social infirmty are in need of advice or counselling in ¢ydar to encourage their
self-reliance and develop their personalities to tha full exteni to which they are capable in relation to other
persorts so that they may become full members of society playlng their part Iherein.
Oryanlsallon
The trustees who have seTved during the period are sel out above. The number of trustees shoukl be a
minimum ol Iwo and a maximum ot nine. New trustees are appointed by existing trustees. The Irustees meet
regularly to discuss the business ol the charity.
Tvustse Induciion
New trustees atterKI an induction. This indudes information on Community of Grace and other relevant
documents e.g. conslitlrtion, accounts. minutes of trustee meetings arKJ the most recent project update.
Tralnlng & Developmont
We offer training prcMJrammes online so that volunteers have Ihe skills and development that is needed.
Alm8 and Maln Actlvltles
Communty ￿ Grace exists to reli8v8 poverty. IK)melessness, and social isolation. Our main obiectives for the
reporting year were to provide safe accommodalion, SUPFthve communty environments, and txathal
assistance to vulnerable Individual8, helpirKJ them to rel)uild their lives and foster resilience.
The trustees confirm they have had regard to the Charity Ctxnmission's guidance on public benèfit, ensuring
that all activities undertaken duriro the year align with our charitable purposes arKI demonslrate clear public
benefiL
The prlmary aciivltles undèrtaken to moot our objectlves Include:
- Pr￿ing supportive cohouslng accommodaiion at West Drayton Farm. Notttnghamshifa.
- Operaling 'Place of Welcome" hubs to combat soclal Isolalion and immediats needs support In
LeScester.
- Dislributing tood parcds to indivKluals experiencing food wvety.
- P¥lanaging a communlty garden to promote well-being, skill-building, and fresh food produclion.
- Delivering holistic support, Including befriending, counselling. and lrfe skills iraining.
Achlovemonts and Porfornmnco
This sectron d￿allS the impact of our activllles and how we have delivered public bènefit throughout the year.
Page 2

Tho Communlty of Grace
Report of the trustees
for the year ended 31st March 2025
1. Accommodallon and Supported Houslng
This was the first full year of providing accommodation at our new West Drayton Farm site in
Nottinghamshlre. We successfully VOVKled safe housing and a supportive cohousing emiironment for INe
Individuals who had pre￿USlY experienced long-temi homelessness and social isolaiion.
Impact: The supportlve communlty Stru￿Ure has been vltal In nurturing heallng and providing ongoSng
practical support. Two residents faced serious health issues requiring operations during the year. the
cohousiro environment facilitated mulual support, ensuriro indmduals were cared for dUrI￿J their recovery.
Shared meals arKI collatK)raiNe living arrangements fostered skill development and a strong sense ol
purpose.
2. Addresslng Soclal Fsolaiion: Place of Welcome
In collaboration with Wycliffe United Reformed Church {URC) and Grow Together in LeThster. C(Mnmunty of
Grace operates a thriviNJ hub that addresses social isolation.
- Impact: We hosted 'Place of W*ome" sessions twice weekly, provKliThJ a vital. indusive refuge for those
experiencing loneliness. We offered refreshments, nutritious lunches, emotional support. and acied as an
information hub conn8Gting participants to local services. This non-judgmental atmosphere he¥)ed individuals
re1￿lId confldence and selfesleem. We are currently working wilh the URC Synod to establish this space as
a permanenl mission project.
dresslng Food Poverty
Community of Graco has aciively combated food poverty through regular distributions of fresh and slaple
foods.
- Impact: We provided weekly food parcels to clients, indivKluals in emergerw accommodation, and olher
vulnerable households. Dedicated volunteers ensured the ddivery of healthy yoduce (veg, fruit. meat) arKJ
staples (pasta, rice, tinned food). These weekly visits also provided essential human contact and a chance for
well-being check-lns. In collaboralion with IslamTC Relief UK and One Roof Leicester (July 2024 and January
2025), we delivered additional food hampgrs io over 200 people in Leicestsr.
4. Therapeutlc ktlvlty
Our partnership with Grow Together at the Wycliffe URC garden prov#Yes a unique thryeutic and
Community-￿ilding space.
- Impaci: The garden has flourished into a vthnt ecological project lealurifWJ food production, beehives, and
aquaponics. ft provides a genlle environmern for Individuals to connect with others. reduciNJ feelings of
isolation.
- Recognilion: In 2024. the Community Garden receEved an Y)utslanding" assessment at the RHS East
Midland in Bloom Celetwation, with a Score of over 9￿￿. The a%sessor highlighted ttbe garden's Inclusivty and
supportive atmosphere as its most spedal feature.
- Beneficiary Feedback:
Yhe communty garden has been a lrfellne for combatlng my isolalion and supporting my mental health...
This new communty, combined with belng ouldoors. has dramatically improved my mental w811-belng and
provkled a peaceful escape from dally *ress."
Flnanelal rnvlew
During the year ended 31st March 2025 the charty recieved Income of £41,628 and Incurred expendlture of
£42,560. Overall this year there was a deficit of £932.
Page 3

The Communlty of Grace
Rèport of the trustees
for the year ended 31st March 2025
Re8erve8 and investsnert pollcy
Unrestricted lunds amounied to £724,942 at the year end, of which £700,000 Is represerted by a long tsm
investment by way of a secured loan to Graceworks Gardens Ltd. Free reserves availabb for the day to day
operatlon of Ihe Charity amounted to £24,942 ai the year end.
Donatlons and Fundralslng - Prlnelpal Fundlng Souree8:
The charitys worf( is suslained through vital donations from individuals. sIgnI￿ant In-kind contrilxjllons
{volunte&r lime, food, equipment) from local community and faith groups, and specific project support from
our partners.
InVe￿Ment- ProgramvRelated Invesknent:
In October 2023, Community of Grace made a £700.000 program-related inveslment (PRI) In Graceworks
Gardens Limited. our parther since 2021. This investment secured the purchase of West Drayton Fami in
Nottinghamshire for our supportive housing project. The PRI is already demonstrating its impact by enabling
the provtsion of accommodation and support to vulnerth indivKluals. Looking ahead. we expect the impact
to grow as the therapeutic gardening initiative comes online in the coming year. further supporting our
charitable obieciives.
Volunteeys
Volunteers are the bad(bone of Communty of Gra￿. This year. volunteers dedicaled over 2000 hours of
their time lo support our projects and di8nts. Their roles span client suppo¢ wopety maintenance, f(x)d
deliveries, gardening. c(K>king, befriendlng, bod(keeping, and administration. The va￿e of these in-kind
conlributions cannot be overstated.
Plans for future perlods
Trustees and GraceWorf(s Gardens directors are w)rking collaboraliv8ly to develop the facililies at West
Draylon Farm.
- The Stables: We antscipate cofflmencing I￿lIding to convert the stables into a Therapeutic Gardening
Hub in the coming year. We are actively seeking corporate support for maierials a￿1 a volunteer workforce.
- Therapeutic Projects: Following the conversion, we will seek funding to establish a formal therapeutic
gardening woject at the farni lo support the physical. emthional, and heatth needs of our cllents.
- West Drayton Garages: The garages are now clear. The process of engaging an architect to develop these
into an active workspace will begin in the next linancial year.
Publlc benellt
The Trustees ol Communlty of Grace confirm that they have fully considered tt7e Charity Commission's
general guidance on public benelil when reviewing our aims and objectives and in planning future activiti8s.
We ensure all our activities align with our staled purposes for the public benefit. ￿r work is delivered to
clearty defined groups experlencing homelessness, social isolation, and food poverty, as detailed in the
'Achievements and Performan￿, section of this report.
We monitor the effecliveness arKI impact of our servlces by actlvely consultlng wlth our vol-unteers ar
dients to ensure we meet Ihe current needs of those we supporL The TrU￿eeS are confident that the
evidence presented in this annual rep(￿ d&monstrat8s how the chwity provid8d a clèar wblic benelil during
the year.
The t￿￿ee9 conlirm that thare have been no sertous IrKldents durlng ihe flnanclal year that require reportlng
to thè Charity Commission.
Pap4

The Communlty of Grace
Report of the trustees
tor the year ended 31st March 2025
Statement ol trustees. responslbllftleg
The tntstees are resw)nsible lor preparing Ihe Trust888' Annual Report and the linwKial statements in
accordarKe wlth applicatAe law and Unlted ￿￿10M Accounting Standards (United Kingdom Generally
Accepted Accounting Practice).
Law applicable to charit￿5 in ErrfJland and Wales requires the trustees to prepare linancial statements for
each financial year which give a true a￿1 lair view of charty and of the incoming resources and application of
resourcas of the charlty for that year. In preparirvJ these financial statsments the trustees are required to:
select suilable accounting policies and then apply Ihem cortsistenlly;
obseno the methods and winci*s in the Charities SORP 2019 (FRS 102):
make ju¢*Jements and estimates that are reasonable and pnKlent;
state whether applicable UK Accounting StarKlards have been follow&J. subiecl to any material departures
dlsclosed and explained in Ihe financial statements; and
prepare Ihe flnancial stalements on the going concern basis unless it is inappropriats to presume that the
chafity will continue in operation.
The trustees are responsitk for keeFxng proper accounting records whlch disclose wilh r&qsonable accuracy
at any time Ihe financial position of the charity and enable them to ensure that the financial slatements
comply with the Charilies Acl 2011 and th8 Charity {AcGounts and Reports) Regulations 2008. They are also
responsible for safeguarding the assets of the charty and hence for taking reasonable stsps for th8
prevention and detection of fraud and Olher irregularities.
On behalf of the tM)ard
Reverend Davld Howlett
Trustse
Date: 19th January 2026
Paps

The Communlty of Grace
Independent examlner's report to the trustees of The Communlty of Grace.
I rèport to Ihe charty tnjstees on my examinatSon of Ihe accounts of The Cofflmunity of Gr￿ for the year
anded 31 st March 2025 set out on pages 710 17.
Responslbllllle3 and ba818 of report
As the charitls t￿￿te8S you are respons￿18 for the preparation of the accounts In accordance with the
requlrements of the Charities Act 2011 Cthe Acf).
I re￿rt in respect of my examinalion of the charilys accounts carried out under section 145 of thg Act arKI In
carrying out my examination I have followed all the applicable DIre￿lOnS glven by the Charty Commission
under section 145(5)(b) ol the ACL
Independenl examlnerfs siaiement
I have Gompleted my examination, I confirm that no material matters have come to my attention in connecllon
with the examination gmng me cause lo bef*ve that in any material respe￿.
accounting records were not kept in respecl of the chatity as required by section 130 of Ihe Aci" or
2 the accounts do not accord with those records; or
3 the accounts do not comply wilh the applicable requiremeths concemiThJ the form and content of
accounts set out in the Charit5es (Accounts and Reports) Regulations 2008 olher than any
requirement that the accounts give a ?rue and fair which is rK)t a matter considered as part of
an independent examination.
I have no concerns and have come across no other matters in conneclion wilh the examination to which
attention should be drawn in this report in order to enable a proper un(Jerslanding of the accounts lo be
Chrlstopher Adkln
Chartered Accountant
Adkln Slnclair LLP
Sterflng House
32 St John Street
Mansfleld
19th January 21Y26
Page 6

The Communlty of Grace
ststement ot tlnanclal actlvltles
For the year ended 31st March 2025
Unreslrlclod
funds
Total
Tolal
Notes
Incom• from:
Donations ar￿ legacies
Charitable aclivities
Investments
Incoming resourc88 from charltable activit183
Totsl Income
1,(X)5
1,005
329
329
39,694 39,694
5,291
954
21,672
41,628
41,628
27,917
Expondlturo on:
Charltable actlvltles
Other resources expended
42,365
195
42,365
195
41,324
30,000
Totsl expendlturo
42,560
42,560
71,324
Not movement In lund8
{932)
{932) (43,407)
Toial funds brought lo￿ard
Tolal funds carrfed forward
725,874 725,874
769,281
724,942 724,942
725,874
The statement ol financial aclmtles Indudes aH gain5 and 108ses In the year and therefore a 8eparale
statement of total r8cognlsed galns and losses has not been prepared.
All of the above amounts rdate to con￿nu1ng act5vrtle8.
The notes on pages 9 to t7 form an Integral part of thego Ilnanelal 91alem￿ts.
Page 7

The Communlty of Grace
Balance sheet
As at 31st March 2025
2025
Flxed assets
Tangible ossets
Investments
10
2,210
700,000
3,152
700.000
702.210
703,152
Current assets
Debtors
Cash at bank and In ha￿1
12
86
24,806
428
25.894
24,892
Credltors: amounts falllng
due wlthln one year
13
{2,160)
(3,600)
Net current assets
22,732
22.722
Net asseis
724.942
725.874
Funds
Unrestricted income funds
14
724,942
725,874
Totsl funds
724.942
725.874
The tinancial statsments were approved by Ihe board of trLEiees on 19th January 2026 and signed on its
behalf by
Reverend Davkl Howlett
Trustee
The notès on pages 9 10 17 forn) an Integral part of th￿0 flnan¢lal ￿ateMent%
Pago 8

The Communlty of Grace
Note9 to the flnanclal ststements
For the year ended 31st March 2025
Summary ol slgnllicant accounllng pollcles
The charity constitutes a public benetit entity as defined by FRS 102. The financlal statements have
been prepared in accordance wlth Accounting aThJ Reporting by Charities: Slatement ol Recommended
Practice applicable to charities preparing their accounts in accordance wilh Ihe Financial Reporting
Standard applicable in the UK and Republic of Ireland issued in oct0t￿r 2019, the Financial Reporting
StaThdard applicable in the UK and Republic of Ireland (FRS 102), the Charfties Act 2011. the
Companles Act 2006 and UK Generally Accepted Pracllce.
The principal accounting pollcles aFplied in the preparalion of these flnanual statements are set out
below. The accounting policies have been applied consistently througkKJut the year and the preceding
year.
1.1. Basls of accountlng
The linancial statements aTr prepared on a going concern basis under the historical cosi convention,
modrfied to Include certain items at fair value. The financial statsments are prepared in sterfing which
is Ihe funclional currency of Ihe chaiity.
1.2. Caghllow
The ch*ity has taken advantage of the exemmion in the Charities SORP 2019 from Ihe requiremerrt to
prothce a casmlow statemenl.
1.3. Fund accountlng
Funds held by the chwity are either:
. Unrestricted funds - these are funds wh￿h afe available lor use at Ihe discretion of the twstees in
furtherance of the general objects ol the charty.
Designated furKls are unrestricted funds set asKle lor specific purposas al the discrelion of the
trustees.
' Restricted fuThJs . Ihese are furnls ￿lch can onty be used for particular restricted purposes within Ihe
objects of the charty. RestrictM?ns arise when specified by the donor or where funds are raised for
particular restricted purposes.
Transfers between funds:
Where permitted, Ihe release of restri<xed funds to unrestricted general or designated lunds may be
made ai the conclusion of a restricted a￿1VIty. General unre￿riCted funds may be transferred ai the
discretion of ihe trustees to assist in SU￿rting a parlicular activlty.
Pag8 9

The Communlty of Grace
Notes to the flnanclal statements
For the year ended 31st March 2025
1.4. Income rncognlllon
All incomlng resources are included In the ￿aterne￿ of financial activities when ihe charty Is entil￿d 10
the Income and the amount can be quantilied with reasonable accuracy. The lollowlng specllic policles
are applied lo particular categories of income:
Income and endovnnonts
Voluntary Income inclLKling dOnat￿nS, glfts. legacies and grants that provKle core funding or are of
a general nature Is recognlsed vthen the charlty has enlillemenl to the income. it Ss probable that
the income will be received and the amount can be measured wlth sufficlent reliabillty.
Donallon8 and legac188
Donations are recognlsed when the charfty ha8 been nolrfied in wrltlng ol both the aniount and
settlemert data. In the eve￿ ih* a donallon Is subjeci to condltlons that requlre a level ol
performance by the charity belore the charty is entitled to the funds, the income Is deferred and
not recognlsed until elther those condrtlons are fully mat, or the fullllment of those condttlons Is
wholly wilhln the control ol the charlty and It is probable that the88 condltlon8 wlll b8 fulfllled In th8
reporting perlod.
Inve8tmthl Ineomo
Inve8trnent Incom818 Included when raceivable.
Grnnts rocelvablo
Grants are recognlsed when ihe charlty ha8 an eMMem8nt io ts funds and any condlllons Ilnk8d
to the grants have been met. Where performance condlllons are attached to the grant and are yet
to be met, the Income Is recogn188d as a 1Sabillty and Included on the balance sheet as deferred
Income kn bg released.
Glft Ald
Incomlng resources from tax redalm8 are Induded In the Slalement of Flnanclal ActMtie8 at the
same tlme as the glft to whlch Ihey relate.
1.5. Expendlturn
All expenditure Is recognised once there Is alegal or constructive obllgatlon to that expenditure, It is
probable Settlement is requlred arKI the amount can be measured reliably. All costs are allocated to the
applicable expendlture heading that aggregate slmilar cosls lo that category. Wheffj costs cannot be
dSrectly attrlbuted to partlcular headings they have been allocated on a basls conslstent wlth the use of
resources, wtth central staff costs ￿located on the basls of tlme spgnl, and depreclation charges
allocated on the Portion of the asset's use. Other support costs are allocated based on the spread of
staff costs.
Charllable actfvltlèg
Charltable expenditure compises those costs Incurred by tho charlty In the dellvery of its activllles and
se￿iceS for Its beneficlaries. It indudes both costs that can be allocaied direciiylo such activities arKI
those costs ot an Indirect nature necessary to support them.
Governance costs InclLKle costs assoCIat￿ wilh meeting the con￿l￿rtIOnal and sta￿￿ requirements
of the charity and Sndude the accounts examlnalk)n lees and Costs Ilnked to the strategic management
of the charity.
Pagg 10

The Communlty of Grace
Notes to the flnanclal statements
For the year ended 31st March 2025
1.6. Flxed asselg
Depreclatlon
Depreciation ts calculated usiTrJ the reducing balance basis method at a rate of 25% per aftnum to
wriie down the co* of fixed assets over their estlmated useful Ilves al the follo￿11￿J rates:
Furniture and equipnent
Other tangbi ￿ fixed assets
25% reducing balance basis
25% reducing balance basis
1.7. Investments
Fixed ass￿ investments are initially recorded at cost, and subsequenlty Stat￿ at cost less ary
accumulated impainnent losses. Listed investments are measured al fair value with Changes in fair
value being recognised in the statement of financlal actfvtties.
1A. Leased assets
Rentals applicable io operating leases where subslanlially all ol the be￿fItS arKI iisks of ownership
iemain with the lessor are charged against profit on a straight line basis over the lease term.
Page 11

The Communlty of Grace
Notes to the flnanclal slatements
For the year erKled 31st March 2025
1.9. Flnanclal Instrumer
A financial asset or a financlal Ilabilty is recognised only when the company becomes a party lo th8
conlractual provisions of the Instrument.
Basic financial instnjments are Inlllally recognised at the transaction price, unless Ihe arrangement
constiiutes a flnancing transaction, where il is recognised al the present value of Ihe fulure payments
discounted at a market rate of inlerest lor a slmilaf debt instrument.
Debt instruments are subsequentty measured at amortkqed cost.
Where Investments in non-convertible preference shares and non-puttable ordinary shares or
preference shares are publicly traded or their falr value can otheThvise be measured re&ably, the
investment is subsequenty measured at fair valua with changes in fasr valuo recognised in protil or
loss. All other such investments are subsequently measured at cosl less impairment.
Other financial instruments, Ind￿ling derivatives, are initrally recognised at fair value, unless payment
for an assat is deferred beyond normal business temis or linanced at a rate of interest that is not a
markei rate, in which case the assel is m&qsured at Ihe present value ot the lulure pasfjnents
dtscounted at a market rate of interest for a similar debt instrument.
Other financial inslrum8nts are subsequently measured at fair value. wilh any changes recognised in
profit or loss, bwth lh8 exception ol hedging instruments in a deslgnated hedging relationship.
Financial assets tt￿t are measured at cost or aMorti￿ cost are reviewed for objective evidence of
impainnent ai the end of each reporting date. Ef there is obiective evidence of impaimenL an
impaimient loss is recognised in profrt or loss immediately.
For all equty instruments regardless of significance, and other financial assets that are Individualty
significant. these are assessed indmdually for impairnient. Other financial assets are either &sse&sed
individuaHy or grouped on Ihe basis of sSmilar credit risk characterislics.
Any reversals ol impairmert are recognised in wolit or Joss immedSately, to the extent that the reversaj
does not r8suft in a carryirKJ amount of Ihe financial asset Ihat exceeds what the carrying amount would
have been had the impairment not weviousty been recognised.
Income from donatlons and legacles
Unrestricted
lunds
Toial
Total
Sundry donations
1,005
5,291
1,005
1,005
5,291
Income from donatlons and legaei8s was £1,005 (2024 - £5,291) ot whlch £- (2024 - £-) was
altributable lo restrlcted funts.
Pago 12

The Communlty of Grace
Notes to the flnanclal statements
For the year ended 31st March 2025
Incom8 from charltabl8 actlvltles
Unre8trlcted 2025
funds
Total
Toial
Consultancy
954
Income from charita1￿8 acliwbes was £329 (2024 - £954) of whth £- {2024 - £-) was atti*iutable lo
restrlcted tunds.
Income from Investmonts
Unreslrlcted
funds
Total
Total
Bank interest receivable
Other interest receiVal￿e
560
39,134
560
39,134
3,173
18,499
39.694
39,694
21.672
Income from Investments was £39,694 (2024 - £21.672) ol which £- (2024 - £-) was attribulable to
Incomlng resources from charltable actlvitles
Unrestrlctod
fun(ts
Toial
Total
Grants
600
600
600
600
Page 13

The Community of Grace
Notes to the flnanclal ststements
For the year ended 31st March 2025
Expendlture on charftable activltles
Unrestricted 2025
funds
Total
2024
Toial
re￿ cost8:
Rent
Rates and utllths
Light and heat
Repairs, maintenar￿e and equipment
Insurance
Client welfare
Legal and profeswnal
Telephone and internet
Postage. slationery and telephone
Deprecialion
Travel
36,195
892
919
36,195
21,114
1,765
3.355
919
217
217
758
1,145
1,145
1,031
44
1.051
24
747
747
40,115
40,115
37,634
Governance costs (note 7)
2250
3,690
Total
42,365
42,365
41,324
ExperKJiture on direct charitabl8 activities was £40.115 (2024 - £37.634) of which £- (2024 - £-) was
attributabje lo restricted funds.
Expenditure on govemance cosls, was £2.250 (2024- £3,690) of Nthich £- (2024 - £-} was athibutable
to restricted funds.
Govemance costs
Unyesttlcted
lunds
Total
Total
Accountancy and examination
Subscriplior
2,160
2,160
2,250
3,690
Page 14

The Communlty of Grace
Notes to the flnanclal statements
For the year ended 31st March 2025
Other rnsources expended
Unrestrfeted
funds
2025
Total
2024
Tolal
Loss on dlsp)8al of taThJib￿ rued assets
195
195
30,000
195
195
30,000
Employees
Employmenl cosls
No salaries or wages have be￿ paKI to the trustees. Expenses of £Nil {2024: £Nil) were reimbursed.
Number of employees
The average monthly numbers of employees (irKluding the trustees) during the year, calculated on Ihe
basis of full time equivalents, was as follows:
mber Number
Trustees
Flxlures,
Ilttlngs and
equlpment
10. Tanglble Ilxed assets
Total
At 1st April 2024
Disposals
4,203
(260)
(260)
At 31 st March 2025
3,943
Depreciatlon
At 1 sl April 2024
Charge for the year
On disposals
At 31st March 2025
1,051
747
165)
1,733
1,051
747
{65)
1,733
Net book valu03
Al 31st March 2025
2,210
2,210
At 31 st March 2024
3,152
3,152
Pag• 15

The Communlty of Grace
Notes to the flnanclal statements
For the year ended 31st March 2025
Other
unllsted
11. Flxed asset Investments
Total
Valuation
Al 1st April 2024 and
At 31st March 2025
7W.000 700,000
Historical cost as at 31st March 2025
700,000 700,000
All fixed asset Investments are held within the Uniled lfjngdom.
Fixed asset investment repres8nts a secured loan made to Graceworks Gardens Ltd for a period of 5
years from the 28th September 2023. The loan carries an inlerest raie of 5.2% per annum.
12. Debtors
Prepayments and accruecl income
86
428
13. Creditors: amounts falllng due
wlthln one year
2025
2024
Other crediiors and accTual8
2,160
3,600
1& Anatysls of assets between funds
Unrestrf￿Od
funds
Total
funds
Fund balances at 31st March 2025 as represented by:
Tangible Iix8d assels
Inv8￿ment assets
Current assets
Current liabilitles
2,210
700,000
24.892
{2,160}
724,942
2,210
700,000
24,892
(2.160)
724,942
Pag• 16

The Communlty of Grace
Notes lo the flnanclal ststements
For the year ended 31st Pknrch 2025
15. Unrestrfcted funds
l Aprfl Incomlng Outgolng
31 March
Unrestricted funds
725,874
41,628
(42,560)
724.942
Page 17