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.
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
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.