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GRACE FOUNDATION

Registered charity 1103021 · accounts filings on the Charity Commission register

The Fund was incorporated on the 24 December 2003 with its objectives being the advancement, for the public benefit, education in the United Kingdom by promoting the establishment, maintenance, carrying on, management and development of schools with a Christian ethos and in accordance with Christian principles.

Causes: General Charitable Purposes · Education/training · Grant history (this charity is a funder) · Get email alerts

Latest income
£1.7m
Latest spending
£1.8m
Registered
2004
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that unrestricted reserves fell to £211,324 from £308,149 in the prior year, resulting in a net deficit for the period. The charity is dependent on donations from I.M. Group Limited to safeguard its long-term future, with assurances received for continued funding over the next twelve months.

Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Highest-paid employee band: over £60,000 — below the median for charities its size (£70k)
“There are two employees included above whose earnings (including taxable benefits in kind) exceeded £60,000. (2024 - one).” — page 18
Per its FY2025 accounts as filed with the Charity Commission.
Employees paid over £60,000: 2
“There are two employees included above whose earnings (including taxable benefits in kind) exceeded £60,000. (2024 - one).” — page 18
Per its FY2025 accounts as filed with the Charity Commission.
Largest income source: Donations (98% of income)
“Of the above donations, £1,696,916 (2024-£1,672,017) related to unrestricted funds and £3,584 (2024-E£nil) related to restricted funds.” — page 16
Per its FY2025 accounts as filed with the Charity Commission.
Reserves policy: unclear (held: £211k)
“Unrestricted reserves were £211,324 as at 31 August 2025 (2024 — £308,149). Since the financial year end the Foundation has set up a separate reserves account that holds unrestricted reserves of £240,000, its use of which is restricted by conditions set out in the Reserves Policy.” — page 4
Per its FY2025 accounts as filed with the Charity Commission.
Going concern: noted by the trustees or auditor
“The trustees have assessed the key risks facing the charity over the next 12 months. These include continued cost pressures within the education sector, rising salary expectations, and wider economic uncertainty.” — page 5
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Donations received from I.M. Group Limited, a company in which Andrew Edmiston is Managing Director.
“During the year donations of £1,404,000 (2024 - £1,356,000) were received from I.M.Group Limited, a company in which Andrew Edmiston is Managing Director.” — page 21
“Payments were made to |.M. Group during the year of £60,076 (2024 - £49,829) for use of a company credit card, BUPA contributions for Grace Foundation staff, staff life insurance, and employers liability insurance.” — page 21
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Payments made to I.M. Group for credit card use, BUPA contributions, insurance, etc.
“During the year donations of £1,404,000 (2024 - £1,356,000) were received from I.M.Group Limited, a company in which Andrew Edmiston is Managing Director.” — page 21
“Payments were made to |.M. Group during the year of £60,076 (2024 - £49,829) for use of a company credit card, BUPA contributions for Grace Foundation staff, staff life insurance, and employers liability insurance.” — page 21
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Payments made to I.M. Facilities Limited for office space rental and canteen recharges.
“During the year donations of £1,404,000 (2024 - £1,356,000) were received from I.M.Group Limited, a company in which Andrew Edmiston is Managing Director.” — page 21
“Payments were made to |.M. Group during the year of £60,076 (2024 - £49,829) for use of a company credit card, BUPA contributions for Grace Foundation staff, staff life insurance, and employers liability insurance.” — page 21
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Consultancy services provided by Radical Outreach Limited, owned by a family member of trustees Josh and Georgia Spicer.
“During the year donations of £1,404,000 (2024 - £1,356,000) were received from I.M.Group Limited, a company in which Andrew Edmiston is Managing Director.” — page 21
“Payments were made to |.M. Group during the year of £60,076 (2024 - £49,829) for use of a company credit card, BUPA contributions for Grace Foundation staff, staff life insurance, and employers liability insurance.” — page 21
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by Muras Baker Jones Limited. Discloses 5 of 6 completeness components.

Year-over-year changes

Comparing this charity’s FY2024 and FY2025 accounts as analysed by this site.

Structured financials (annual return, FY ending 31/08/2025)

Total income
£1.7m
Total spending
£1.8m
Reserves (reported)
£211k
Employees
47

Reported reserves equal ~1.4 months of spending — in the bottom quarter for charities its size (median 4.8 months; benchmarks).

Per its annual return, largest income source: Donations and legacies (100% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.

Per its annual return, cost of raising funds: 0.0% of total income — below the median for charities its size (5.2%) (benchmarks).

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Throughout England And Wales

Income and spending

Financial year endIncomeSpending
31/08/2025£1.7m£1.8m
31/08/2024£1.7m£1.5m
31/08/2023£1.3m£1.3m
31/08/2022£893k£889k
31/08/2021£897k£699k

Common questions

Is GRACE FOUNDATION financially healthy?

Per its FY2025 accounts: The accounts state that unrestricted reserves fell to £211,324 from £308,149 in the prior year, resulting in a net deficit for the period. The charity is dependent on donations from I.M. Group Limited to safeguard its long-term future, with assurances received for continued funding over the next twelve months. Its FY2025 accounts were audited by Muras Baker Jones Limited.

What does the highest-paid employee of GRACE FOUNDATION earn?

Per its FY2025 accounts, the highest-paid employee was in the over £60,000 band, and 2 employees earned over £60,000.

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

FunderSimilar charities fundedAmount to them
NATIONAL ASSISTANCE FUND1£114.4m
THE GRACE TRUST1£26.2m

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with DOME OF GRACE INTERNATIONAL CHURCH.

Side by side with its peers

CharityIncomeTop pay bandStaff >£60kReserves vs policyFundraising costGoing concern
GRACE FOUNDATION£1.7mover £60,0002unclear—noted
DOME OF GRACE INTERNATIONAL CHURCH FY2025£129k—0no_policy—no doubt
OneSchool Global UK FY2024£55.5m——below—no doubt
TOGETHER FOR CHRIST HIS KINGDOM AND HIS CHURCH FY2025£141k£30,6320unclear—no doubt
GRACE CHARITABLE TRUST FY2025£2.7m—0above—no doubt
GRACE LONDON FY2025£1.1m——above—no doubt

Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.