Charity Accounts Intelreading the accounts so you don’t have to

GRACE COMMUNITY CHURCH (STEVENAGE)

Registered charity 1108473 · accounts filings on the Charity Commission register · also known as GRACE COMMUNITY CHURCH

Latest income
£227k
Latest spending
£215k
Registered
2005
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that total funds increased to £550,168, with unrestricted funds at £104,590. The trustees maintain a stated reserves policy of £70,000 (£20,000 contingency plus £50,000 for a second elder), which is fully covered by the designated funds within unrestricted reserves. The filing notes a dependency on ongoing member donations for continued operations.

What the accounts disclose

Reserves policy: £70,000 (£20,000 contingency + £50,000 second elder reserve) (held: £105k)
“The Trustees keep a minimum of £20,000 as a contingency float for emergencies and to secure a reserve to pay all salaries for six months in the event that donations cease. At the end of 2023 the Trustees agreed to increase the second full time Elder`s reserve to £50,000.” — page 5
Per its FY2024 accounts as filed with the Charity Commission.
Going concern: noted by the trustees or auditor
“The Trustees are conscious that the work can only continue with the financial support of the members and congregation giving by collection and donation. Without this support the work would be unable to continue.” — page 6
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Salary paid to Mr J C G Woodrow, who is Chair of Trustees and Senior Church Leader. Salary agreed by Board of Trustees.
“There were no related party transactions for the year ended 31 December 2024 other than the salary paid to Mr J C G Woodrow as the Senior Church Leader. He is also, on a voluntary basis, the Chair of the Trustees. His salary is agreed by the Board of Trustees.” — page 17
Per its FY2024 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit).

Trustees

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

Operates in: Hertfordshire

Income and spending

Financial year endIncomeSpending
31/12/2024£227k£215k
31/12/2023£176k£165k
31/12/2022£210k£269k
31/12/2021£174k£153k
31/12/2020£150k£126k

Common questions

Is GRACE COMMUNITY CHURCH (STEVENAGE) financially healthy?

The accounts state that total funds increased to £550,168, with unrestricted funds at £104,590. The trustees maintain a stated reserves policy of £70,000 (£20,000 contingency plus £50,000 for a second elder), which is fully covered by the designated funds within unrestricted reserves. The filing notes a dependency on ongoing member donations for continued operations. Its FY2024 accounts were independently examined.

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
THE ALMOND TRUST1£30k
GOSPEL PARTNERS TRUST1£9k

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with GRACE COMMUNITY CHURCH BEDFORD.