GRACE TO YOU EUROPE
Financial health, per its FY2023 accounts
The accounts state that the charity reported a deficit of £137,107 for the year ended 31 December 2023, resulting in a decrease in total funds to £347,072. The Trustees maintain a reserves policy to hold at least twelve months of operating costs, targeting £185,000, whereas unrestricted reserves stood at £150,212. Despite the deficit, the Trustees confirm that resources are adequate to continue as a going concern with no material uncertainties identified.
What the accounts disclose
“The Trustees have adopted a policy which aims to ensure that there are adequate funds to meet the operating costs of the charity for a period of at least twelve months. Based on budgeted expenditure levels this would amount to £185,000” — page 7
Structured financials (annual return, FY ending 31/12/2021)
Register events
- Received assets from another charity (30/08/2013)
Trustees
- ANDREW THOMAS CURRY
- Christian Walter Andresen
- JAY ELLIOT FLOWERS
- Matthias Frohlich
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £458k | £505k |
| 31/12/2024 | £487k | £541k |
| 31/12/2023 | £450k | £587k |
| 31/12/2022 | £483k | £555k |
| 31/12/2021 | £542k | £400k |
Common questions
Is GRACE TO YOU EUROPE financially healthy?
The accounts state that the charity reported a deficit of £137,107 for the year ended 31 December 2023, resulting in a decrease in total funds to £347,072. The Trustees maintain a reserves policy to hold at least twelve months of operating costs, targeting £185,000, whereas unrestricted reserves stood at £150,212. Despite the deficit, the Trustees confirm that resources are adequate to continue as a going concern with no material uncertainties identified. Its FY2023 accounts were independently examined.