GRACE CHURCH GREENWICH
Latest income
£779k
Latest spending
£595k
Registered
2015
Accounts read
FY2024
Financial health, per its FY2024 accounts
The accounts state that the charity reported a surplus of £320,498 for the year ended 31 August 2024, driven by growth in the giving base and a specific fundraising appeal. Per the trustees' report, unrestricted net current assets were £90,401, which is slightly above the reduced reserves policy target of two months of budgeted expenditure.
What the accounts disclose
Reserves policy: two months of budgeted expenditure (held: £90k)
“Grace Church has historically had a policy to maintain reserves equivalent to 3 months of budgeted expenditure. However at a trustees’ meeting in September 2024 the decision was taken to reduce this to 2 months.” — page 6
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Purchase of property share from trustee Andrew Latimer and his wife
“In August 2018, the church purchased a property jointly with trustee and church pastor, Andrew Latimer, and his wife, Josie Latimer. The church paid £400,000 for a 21.4% share in the house which is located in Greenwich.” — page 20
“In June 2024, the church purchased a property for accommodation of church pastor, Andrew Sach. The church paid £890,000 for the property located in Greenwich.” — page 20
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Purchase of property for trustee Andrew Sach
“In August 2018, the church purchased a property jointly with trustee and church pastor, Andrew Latimer, and his wife, Josie Latimer. The church paid £400,000 for a 21.4% share in the house which is located in Greenwich.” — page 20
“In June 2024, the church purchased a property for accommodation of church pastor, Andrew Sach. The church paid £890,000 for the property located in Greenwich.” — page 20
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Donations from related parties
“In August 2018, the church purchased a property jointly with trustee and church pastor, Andrew Latimer, and his wife, Josie Latimer. The church paid £400,000 for a 21.4% share in the house which is located in Greenwich.” — page 20
“In June 2024, the church purchased a property for accommodation of church pastor, Andrew Sach. The church paid £890,000 for the property located in Greenwich.” — page 20
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Employment benefits to Jonathan Tilford
“In August 2018, the church purchased a property jointly with trustee and church pastor, Andrew Latimer, and his wife, Josie Latimer. The church paid £400,000 for a 21.4% share in the house which is located in Greenwich.” — page 20
“In June 2024, the church purchased a property for accommodation of church pastor, Andrew Sach. The church paid £890,000 for the property located in Greenwich.” — page 20
Per its FY2024 accounts as filed with the Charity Commission.
Structured financials (annual return, FY ending 31/08/2025)
Total income
£779k
Total spending
£595k
Reserves (reported)
£149k
Employees
7
Register events
- Received assets from another charity (17/06/2024)
- Received assets from another charity (17/06/2024)
- Received assets from another charity (17/06/2024)
Trustees
- Ben Gillam
- Dr ANDREW JOHN SACH
- Joe Carr
- Laura Sanderson
- Nicholas Karangizi
- Nicky Waters
- Pippa Paton
- Rev ANDREW JOHN LATIMER
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/08/2025 | £779k | £595k |
| 31/08/2024 | £781k | £461k |
| 31/08/2023 | £421k | £397k |
| 31/08/2022 | £358k | £345k |
| 31/08/2021 | £249k | £257k |
Common questions
Is GRACE CHURCH GREENWICH financially healthy?
The accounts state that the charity reported a surplus of £320,498 for the year ended 31 August 2024, driven by growth in the giving base and a specific fundraising appeal. Per the trustees' report, unrestricted net current assets were £90,401, which is slightly above the reduced reserves policy target of two months of budgeted expenditure. Its FY2024 accounts were independently examined.
Who funds GRACE CHURCH GREENWICH?
Funders whose own accounts filings name GRACE CHURCH GREENWICH as a grant recipient include THE ALMOND TRUST, GOSPEL PARTNERS TRUST.
Known funders
| Funder | Year | Amount |
|---|---|---|
| THE ALMOND TRUST | FY2023 | £20k |
| THE ALMOND TRUST | FY2025 | £10k |
| GOSPEL PARTNERS TRUST | FY2024 | £4k |
| GOSPEL PARTNERS TRUST | FY2023 | £4k |
| GOSPEL PARTNERS TRUST | FY2022 | £2k |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE BISHOP RADFORD TRUST | 1 | £800 |