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GRACE LONDON

Registered charity 1161147 · accounts filings on the Charity Commission register

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Latest income
£1.1m
Latest spending
£1.1m
Registered
2015
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity reported a surplus of £273,288 for the year ended 31 March 2024, with total net assets increasing to £985,651. The trustees confirm that the charity holds unrestricted cash of £71,248, which complies with its reserves policy target of holding three months' of payroll and rent expenditure. The independent examiner confirmed that no matters came to their attention to suggest the accounts were not prepared in accordance with applicable regulations.

What the accounts disclose

Reserves policy: three months of payroll and rent expenditure (held: £71k)
“The Trustees have determined that the Charity should aim to hold unrestricted cash of 3 months' of payroll and rent expenditure (which equates to about £70,000) in the designated fund for general reserves” — page 6
Per its FY2024 accounts as filed with the Charity Commission.
Payments to trustees: Andrew Haslam received £94,230 (wages £87,250 + pension £6,980) for serving as Senior Pastor. Other key management received £72,360. Janice Boardman (related to trustee Luke Boardman) received £9,234 for project services.
“Andrew Haslam served as a Senior Pastor and received the above payments for serving in that capacity, not for serving as a trustee; these payments are permitted by the charity's governing document.” — page 17
Per its FY2024 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 4 of 6 completeness components.

Structured financials (annual return, FY ending 31/03/2025)

Total income
£1.1m
Total spending
£1.1m
Reserves (reported)
£755k
Employees
13

Reported reserves equal ~8.3 months of spending — above the median for charities its size (median 4.8 months; benchmarks).

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Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Throughout London

Income and spending

Financial year endIncomeSpending
31/03/2025£1.1m£1.1m
31/03/2024£955k£681k
31/03/2023£658k£453k
31/03/2022£586k£360k
31/03/2021£499k£273k

Common questions

Is GRACE LONDON financially healthy?

The accounts state that the charity reported a surplus of £273,288 for the year ended 31 March 2024, with total net assets increasing to £985,651. The trustees confirm that the charity holds unrestricted cash of £71,248, which complies with its reserves policy target of holding three months' of payroll and rent expenditure. The independent examiner confirmed that no matters came to their attention to suggest the accounts were not prepared in accordance with applicable regulations. Its FY2024 accounts were independently examined.