GRACE CHURCH WANSTEAD
The objects of Grace Church Wanstead is the advancement of the Christian faith and its principal activities are Church services each Sunday, other mid-week Christian meetings, Partnership with other Christians in the UK and overseas, and proclaiming the Gospel in the local community.
Objects
3.1) THE ADVANCEMENT OF CHRIST'S KINGDOM BY THE FAITHFUL AND PRAYERFUL TEACHING OF THE SCRIPTURES AT GRACE CHURCH WANSTEAD AND BY THE RECRUITMENT EDUCATION TRAINING AND SENDING OF GOSPEL MINISTERS AND OTHERS AROUND THE UNITED KINGDOM AND ABROAD TO ESTABLISH AND RENEW CHRISTIAN CHURCHES AND MINISTRIES RELATED THERETO3.2) THE RELIEF OF NEED HARDSHIP PHYSICAL OR MENTAL DISTRESS AMONG ANY PERSONS WITHOUT LIMITATION3.3) THE SUPPORT OF CHRISTIANS WHO ARE PERSECUTED BY REASON OF THEIR FAITH PROVIDED ALWAYS THAT SUCH SUPPORT SHALL BE NON-POLITICAL IN NATURE3.4) THE SUPPORT OF CHRISTIANS WHO ARE ENGAGED FULL-TIME IN THE MISSIONARY WORK OF PROCLAIMING THE GOSPEL AND IN BRINGING OTHERS TO BELIEVE IN JESUS CHRIST AND TO LIVE IN ACCORDANCE WITH HIS TEACHING"THE CHRISTIAN FAITH" IS DEFINED IN CLAUSE 12.1 OF THE ARTICLES OF ASSOCIATION.
Financial health, per its FY2025 accounts
The accounts state that the charity generated a surplus of £8,906 with total income of £80,248 and unrestricted reserves of £59,470. However, the trustees note that regular monthly income is currently running below expenditure, although this was offset by a significant one-off gift of £20,000 in the early part of the financial year. The trustees remain comfortable that there is no immediate danger of insolvency.
What the accounts disclose
“The current reserves policy is that free reserves held by the charity should be maintained at the level required to meet the company's financial commitments to pay staff and agreed property rental for a period of not less than three months (c£16,000) and not more than six months (c£32,000)” — page 6
“The charity employs one Trustee as Minister which is allowed under the constitution. Renumeration, pension and accommodation costs incurred by him are shown in note 5.” — page 12
“The charity employs one Trustee as Minister which is allowed under the constitution. Renumeration, pension and accommodation costs incurred by him are shown in note 5.” — page 12
“Donations were received from Trustees and related parties but as the charity operates an envelope giving scheme to ensure privacy it is not possible to identify individual donations.” — page 12
“The charity employs one Trustee as Minister which is allowed under the constitution. Renumeration, pension and accommodation costs incurred by him are shown in note 5.” — page 12
“Donations were received from Trustees and related parties but as the charity operates an envelope giving scheme to ensure privacy it is not possible to identify individual donations.” — page 12
“The charity employs one Trustee as Minister which is allowed under the constitution. Renumeration, pension and accommodation costs incurred by him are shown in note 5.” — page 12
“Donations were received from Trustees and related parties but as the charity operates an envelope giving scheme to ensure privacy it is not possible to identify individual donations.” — page 12
Policies the charity declares
- Complaints handling
- Complaints policy and procedures
- Engaging external speakers at charity events policy and procedures
- Financial reserves policy and procedures
- Investment
- Paying staff
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
- Volunteer management
Trustees
- Costas Argyrou
- David Gibbs
- Dr Keith Ferdinando
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/08/2025 | £80k | £71k |
| 31/08/2024 | £85k | £74k |
| 31/08/2023 | £74k | £65k |
| 31/08/2022 | £60k | £72k |
| 31/08/2021 | £71k | £58k |
Common questions
Is GRACE CHURCH WANSTEAD financially healthy?
Per its FY2025 accounts: The accounts state that the charity generated a surplus of £8,906 with total income of £80,248 and unrestricted reserves of £59,470. However, the trustees note that regular monthly income is currently running below expenditure, although this was offset by a significant one-off gift of £20,000 in the early part of the financial year. The trustees remain comfortable that there is no immediate danger of insolvency. Its FY2025 accounts were independently examined.