AMAZING GRACE - TEESSIDE
Teaching of the bible and assisting in the development of the faith of the congregation. To improve family and individual well being, and the development and monitoring of young people in the area of operation.
Objects
THE CHARITY'S OBJECTS ARE, FOR THE PUBLIC BENEFIT:- (1) TO ADVANCE THE CHRISTIAN FAITH IN ACCORDANCE WITH THE STATEMENT OF BELIEFS IN TEESSIDE AND IN SUCH OTHER PARTS OF THE UNITED KINGDOM AND THE WORLD AS THE TRUSTEES MAY FROM TIME TO TIME THINK FIT; AND (2) TO FULFIL SUCH OTHER PURPOSES WHICH ARE EXCLUSIVELY CHARITABLE ACCORDING TO THE LAW OF ENGLAND AND WALES AND ARE CONNECTED TO THE CHARITABLE WORK OF THE CHARITY AS THE TRUSTEES MAY FROM TIME TO TIME THINK FIT.
Financial health, per its FY2024 accounts
The accounts state that the charity ended the year with net current liabilities of £8,681 and the independent examiner identified a material uncertainty regarding the charity's ability to continue as a going concern. Despite achieving a net surplus of £2,177 for the year, the trustees acknowledge cash flow difficulties at year-end, including unpaid wages, and note that reserves remain below the stated policy target of £35,000.
What the accounts disclose
“At present the reserves do not reach this target and the Trustees are looking at ways of increasing reserves.”
“The charity ended the year with net current liabilities of £8,681 and there is material uncertainty as to whether the charity is a going concern.” — page 6
“In addition donations totalling £45,254 were received from a company of which a trustee of the charity was a director. The trustee in question did not take any part in the decision making process around these donations.” — page 18
“M Braye, who is closely related to A Braye and S Braye, who are trustees, received payments for services in administration of the charity shop and mileage expenses totalling £3,600 (2023: £6,000).” — page 18
“In addition donations totalling £45,254 were received from a company of which a trustee of the charity was a director. The trustee in question did not take any part in the decision making process around these donations.” — page 18
“M Braye, who is closely related to A Braye and S Braye, who are trustees, received payments for services in administration of the charity shop and mileage expenses totalling £3,600 (2023: £6,000).” — page 18
“In addition donations totalling £45,254 were received from a company of which a trustee of the charity was a director. The trustee in question did not take any part in the decision making process around these donations.” — page 18
“M Braye, who is closely related to A Braye and S Braye, who are trustees, received payments for services in administration of the charity shop and mileage expenses totalling £3,600 (2023: £6,000).” — page 18
“In addition donations totalling £45,254 were received from a company of which a trustee of the charity was a director. The trustee in question did not take any part in the decision making process around these donations.” — page 18
“M Braye, who is closely related to A Braye and S Braye, who are trustees, received payments for services in administration of the charity shop and mileage expenses totalling £3,600 (2023: £6,000).” — page 18
“I also draw attention to notes 6, 15(b) and 15(c) to the accounts where it is noted that the employment of, and payments to, certain trustees and related parties was not permitted by the governing document. I have reported this to the Charity Commission and the charity have applied for retrospective permission for the payment of salaries and other equivalent employment benefits.” — page 7
Policies the charity declares
- Complaints policy and procedures
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Paying staff
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
- Volunteer management
Trustees
- Andrew James Philip Braye
- Dr Tom Gibbons
- Stuart Braye Mr
- Timothy Broughton
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £141k | £139k |
| 31/12/2023 | £146k | £149k |
| 31/12/2022 | £128k | £164k |
| 31/12/2021 | £149k | £176k |
| 31/12/2020 | £135k | £165k |
Common questions
Is AMAZING GRACE - TEESSIDE financially healthy?
Per its FY2024 accounts: The accounts state that the charity ended the year with net current liabilities of £8,681 and the independent examiner identified a material uncertainty regarding the charity's ability to continue as a going concern. Despite achieving a net surplus of £2,177 for the year, the trustees acknowledge cash flow difficulties at year-end, including unpaid wages, and note that reserves remain below the stated policy target of £35,000. Its FY2024 accounts were independently examined.