LIVING GRACE CHURCH
Living Grace Church is a growing family dedicated to encountering and demonstrating the love of God to everyone in Northampton and beyond. We seek to equip every member to bring carry this love and bring transformation to the their world.
Objects
1) TO ADVANCE THE CHRISTIAN FAITH IN NORTHAMPTONSHIRE AND IN SUCH OTHER PARTS OF THE UNITED KINGDOM OR THE WORLD AS THE TRUSTEES MAY FROM TIME TO TIME THINK FIT. 2) TO PROMOTE THE CHRISTIAN FAITH MAINLY, BUT NOT EXCLUSIVELY, BY MEANS OF TEACHING, PREACHING, BROADCASTING, PRODUCING AND DISTRIBUTING CHRISTIAN MESSAGES AND LITERATURE OF AN EVANGELISTIC NATURE IN NORTHAMPTONSHIRE AND IN OTHER PARTS OF THE UNITED KINGDOM OR THE WORLD FOR THE BENEFIT OF THE PUBLIC THROUGH THE HOLDING OF PRAYER MEETINGS, LECTURES AND PUBLIC CELEBRATIONS OF RELIGIOUS FESTIVALS.3) THE RELIEF OF HARDSHIP OR NEED SUCH AS POVERTY (WHICH SHALL ENCOMPASS FINANCIAL, MATERIAL, SOCIAL AND SPIRITUAL POVERTY) , SICKNESS, DISABILITY OR IMPAIRMENT AND BEREAVEMENT BY MEANS OF ADVICE, ASSISTANCE, PASTORAL SUPPORT, CARE AND WHERE APPROPRIATE THE PROVISION OF RESOURCES.
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net expenditure of £10,912 for the year, resulting in a decrease in net current assets. The trustees note that finances remained a challenge and utilized reserves to cover the deficit while preparing for a merger with New Life Church. Despite the loss, the charity held unrestricted cash and investments of £512,512, which the trustees consider adequate to meet its reserves policy target of six months' running costs.
What the accounts disclose
“The trustees have determined that the charity should aim to hold unrestricted cash to cover 6 months' running costs” — page 6
“received donations totalling £18,867 (2023: £23,867) from related parties (which includes trustees, any other members of key management and anyone closely connected to them). No expenses (2023: £0) were paid to, or for, the trustees.” — page 16
Policies the charity declares
- Financial reserves policy and procedures
- Paying staff
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
Trustees
- DAVID WESTONchair
- JOHNSON KURIAN CHAYANANICKAL
- MARK KEITH KINNING
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £99k | £110k |
| 31/12/2023 | £104k | £98k |
| 31/12/2022 | £101k | £104k |
| 31/12/2021 | £112k | £107k |
| 31/12/2020 | £114k | £94k |
Common questions
Is LIVING GRACE CHURCH financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a net expenditure of £10,912 for the year, resulting in a decrease in net current assets. The trustees note that finances remained a challenge and utilized reserves to cover the deficit while preparing for a merger with New Life Church. Despite the loss, the charity held unrestricted cash and investments of £512,512, which the trustees consider adequate to meet its reserves policy target of six months' running costs. Its FY2024 accounts were independently examined.