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GRACE CHURCH GREENWICH

Registered charity 1163077 · accounts filings on the Charity Commission register

Grace Church Greenwich exists for the benefit of the public to advance the Christian religion in accordance with the tenets and practices of the Church of England, by holding services of worship, promoting study of the Bible, missionary and outreach work, ancillary or incidental educational activities, other associated activities for the benefit of the community.

Causes: General Charitable Purposes · Education/training · Religious Activities · Grant history (this charity is a funder) · website · Get email alerts

Latest income
£779k
Latest spending
£595k
Registered
2015
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that the charity reported a net surplus of £184,411 for the year ended 31 August 2025, driven by growth in the giving base and donations in kind. Per the trustees' report, unrestricted reserves stood at £198,617, which is above the stated policy target of two months of budgeted expenditure (later increased to three months). The charity holds significant tangible fixed assets valued at £1.3 million, secured by a mortgage loan of approximately £580,000.

Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Reserves policy: 2 months of budgeted expenditure (increased to 3 months in November 2025) (held: £199k)
“Grace Church had a policy to maintain reserves equivalent to 2 months of budgeted expenditure, from September 2024. However at a trustees’ meeting in November 2025 the decision was taken to increase this back to 3 months.” — page 6
Per its FY2025 accounts as filed with the Charity Commission.
Payments to trustees: Andrew Latimer and Andrew Sach received payments of £42,890 and £41,517 respectively, recharged from the Diocese of Southwark for serving as pastors, not for serving as trustees. The charity also incurred £15,012 for their accommodation.
“Andrew Latimer and Andrew Sach served as church leaders and received the above payments for serving in that capacity, not for serving as trustees; these payments are permitted by the charity's governing document. In addition the charity incurred expenditure totalling £15,012 (2024: £38,668) in respect of the customary provision of accommodation to Andrew Latimer (and his family), and Andrew Sach (both trustees), so that they could better perform their duties.” — page 16
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: The charity purchased a property for £890,000 for the accommodation of church pastor Andrew Sach, who resides there rent free.
“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. In line with arrangements for accomodation of church pastors, Andrew resides in the property rent free.” — page 21
“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. Andrew and Josie own the other 78.6%.” — page 21
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: The charity purchased a 21.4% share in a property for £400,000 jointly with trustee Andrew Latimer and his wife, who reside there rent free.
“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. In line with arrangements for accomodation of church pastors, Andrew resides in the property rent free.” — page 21
“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. Andrew and Josie own the other 78.6%.” — page 21
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: The charity received donations of £142,565 and gifts in kind of £84,981 from related parties, including trustees and those closely connected to them.
“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. In line with arrangements for accomodation of church pastors, Andrew resides in the property rent free.” — page 21
“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. Andrew and Josie own the other 78.6%.” — page 21
Per its FY2025 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 5 of 6 completeness components.

Public fundraising profile: JustGiving — Grace Church Greenwich (matched by registered charity number).

Property (HM Land Registry)

1 registered title in England and Wales held by the charity’s company or corporate body (1 freehold); recorded price paid £890k. All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.

Public profiles (found on the charity’s own website): facebook · instagram

Structured financials (annual return, FY ending 31/08/2025)

Total income
£779k
Total spending
£595k
Reserves (reported)
£149k
Employees
7

Reported reserves equal ~3.0 months of spending — below the median for charities its size (median 5.2 months; benchmarks).

Per its annual return, largest income source: Donations and legacies (88% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.

Per its annual return, cost of raising funds: 0.0% of total income — below the median for charities its size (4.9%) (benchmarks).

Register events

Trustees · trustee networks

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

Operates in: Greenwich · Lewisham

Income and spending

Financial year endIncomeSpending
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?

Per its FY2025 accounts: The accounts state that the charity reported a net surplus of £184,411 for the year ended 31 August 2025, driven by growth in the giving base and donations in kind. Per the trustees' report, unrestricted reserves stood at £198,617, which is above the stated policy target of two months of budgeted expenditure (later increased to three months). The charity holds significant tangible fixed assets valued at £1.3 million, secured by a mortgage loan of approximately £580,000. Its FY2025 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

Grants to this charity found in funders’ own accounts filings.

FunderYearAmountPurpose (as stated by the funder)
THE ALMOND TRUSTFY2024£50kTo support ongoing work and specific projects
THE ALMOND TRUSTFY2022£20kTo support ongoing work and specific projects
THE ALMOND TRUSTFY2023£20kTo support ongoing work and specific projects
THE ALMOND TRUSTFY2025£10kTo support ongoing work and specific projects
GOSPEL PARTNERS TRUSTFY2024£4kGrants to gospel people in training - pre-college
GOSPEL PARTNERS TRUSTFY2023£4kGrants to gospel people in training - pre-college
GOSPEL PARTNERS TRUSTFY2022£2kGrants to gospel people in training - pre-college
GOSPEL PARTNERS TRUSTFY2021£850Grants to gospel people in training - pre-college

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with GRACE COMMUNITY CHURCH.

Side by side with its peers

CharityIncomeTop pay bandStaff >£60kReserves vs policyFundraising costGoing concern
GRACE CHURCH GREENWICH£779k—0above—no doubt
GRACE COMMUNITY CHURCH FY2024£126k—0unclear—no doubt
GRACE LONDON FY2025£1.1m——above—no doubt
GRACE COMMUNITY CHURCH, EDENBRIDGE FY2025£120k—0unclear—no doubt
GRACE CHURCH YATE FY2024£287kUnder £60,0000above—no doubt
GRACE CHURCH, TRURO FY2025£248k—0unclear—no doubt

Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.