GRACE COMMUNITY CHURCH (STEVENAGE)
As a Christian congregation, Grace Community Church has the purpose of promoting the Christian Religion.Consequently it supports the activities of the local church and its participation in Churches Together inStevenage, as well as Christian Mission overseas.
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
“Giving by Church Members represents approximately 80% of the total”
“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
“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
“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
Trustees
- Jonathan Charles George Woodrowchair
- Daniel Christopher Horne
- JOHN VICTOR SUGDEN
- Jessica Owusuaa Kuffour
- Louise Ann Scott
- PHILIP GEORGE WATKINS
- Tanya Ann Dance
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 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?
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. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE ALMOND TRUST | 1 | £100k |
| GOSPEL PARTNERS TRUST | 1 | £10k |
Charities like this
- GRACE COMMUNITY CHURCH
- GRACE COMMUNITY CHURCH BEDFORD
- GRACE COMMUNITY CHURCH, EDENBRIDGE
- GRACE CHURCH STOKE ON TRENT
- GRACE CHURCH, TRURO
- GRACE CHURCH, BOROUGHBRIDGE
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| GRACE COMMUNITY CHURCH (STEVENAGE) | £227k | — | 0 | unclear | — | noted |
| GRACE COMMUNITY CHURCH | £126k | — | 0 | unclear | — | no doubt |
| GRACE COMMUNITY CHURCH BEDFORD | £688k | — | 0 | above | — | no doubt |
| GRACE COMMUNITY CHURCH, EDENBRIDGE | £120k | — | 0 | unclear | — | no doubt |
| GRACE CHURCH STOKE ON TRENT | £141k | — | 0 | above | — | no doubt |
| GRACE CHURCH, TRURO | £248k | — | 0 | unclear | — | no doubt |