The Place of Grace UK
The provision of bible study courses and the operation of churches.
Financial health, per its FY2024 accounts
The accounts state that the charity achieved a surplus of £13,895 for the year ended 31 December 2024, reversing a deficit from the previous year. However, the trustees report that going concern status is contingent upon achieving future surpluses, as the charity held net current liabilities of £6,263 at year-end. Free reserves stood at £14,385, which is below the trustees' stated ideal target of £50,000.
What the accounts disclose
“The trustees consider the ideal level of reserves is £50,000, which is greater than the £14,385 held at 31 December 2024.”
“The going concern status is contingent upon achieving surpluses post year-end.”
Trustees
- Ms S Ramsay
- PASTOR STEPHEN WOOD
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £176k | £162k |
| 31/12/2023 | £143k | £160k |
| 31/12/2022 | £141k | £174k |
| 31/12/2021 | £139k | £147k |
| 31/12/2020 | £207k | £161k |
Common questions
Is The Place of Grace UK financially healthy?
Per its FY2024 accounts: The accounts state that the charity achieved a surplus of £13,895 for the year ended 31 December 2024, reversing a deficit from the previous year. However, the trustees report that going concern status is contingent upon achieving future surpluses, as the charity held net current liabilities of £6,263 at year-end. Free reserves stood at £14,385, which is below the trustees' stated ideal target of £50,000. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| GOSPEL PARTNERS TRUST | 2 | £13k |
| THE ALMOND TRUST | 1 | £80k |
| THE BISHOP RADFORD TRUST | 1 | £800 |
Charities like this
- GRACE CHURCH SALISBURY
- GRACE TO GRACE INTERNATIONAL CENTRE
- GRACE MINISTRY, LONDON
- THE REDEEMED CHRISTIAN CHURCH OF GOD "CITY OF HIS GRACE"
- GRACE LONDON
- GRACE CHURCH DELL ROAD
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| The Place of Grace UK | £176k | — | 0 | below | — | noted |
| GRACE CHURCH SALISBURY | £392k | — | 0 | unclear | — | no doubt |
| GRACE TO GRACE INTERNATIONAL CENTRE | £330k | — | 0 | unclear | — | no doubt |
| GRACE MINISTRY, LONDON | £328k | — | 0 | below | 37.0% | no doubt |
| THE REDEEMED CHRISTIAN CHURCH OF GOD "CITY OF HIS GRACE" | £150k | — | 0 | above | — | noted |
| GRACE LONDON | £1.1m | — | — | above | — | no doubt |