BROADGRACE
BroadGrace is a welcoming, family-friendly church for the people who live in the towns and villages of Broadlands and North Norfolk
Financial health, per its FY2025 accounts
The accounts state that the charity held unrestricted reserves of £30,014 at the end of the financial year, which is below the trustees' stated policy target of £25,000 in reserves (comprising £5,000 for general activities, £10,000 for the River Rooms, and £10,000 for repairs). The charity fully repaid its interest-bearing loan with Rural Ministries during the period, resulting in an estimated £11,000 in additional annual income from re-let offices to support further ministry.
What the accounts disclose
“The trustees have decided to maintain £25,000 in reserves. This figure was based on the following requirements: - £5,000 available cash funds to be maintained in relation to general church activities. - £10,000 available cash funds to be maintained in relation to the River Rooms. - £10,000 repairs and maintenance fund for the River Rooms.” — page 9
“John Hindley (Full-time) was employed as Pastor. Total remuneration package was £48,433 (which includes Employer pension contributions of £8,073) for serving in that capacity, not for serving as trustees” — page 17
“John Hindley (Full-time) was employed as Pastor. Total remuneration package was £48,433 (which includes Employer pension contributions of £8,073) for serving in that capacity, not for serving as trustees” — page 17
Register events
- Received assets from another charity (02/10/2018)
Trustees
- STEPHEN JAMES MICHAELchair
- Fiona Alma Foreman
- JOHN PHILLIP TALBOT HINDLEY
- MATTHEW HALL
- Matthew James Timmins
- TIMOTHY MARK CHAPMAN
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/08/2025 | £159k | £157k |
| 31/08/2024 | £106k | £139k |
| 31/08/2023 | £104k | £100k |
| 31/08/2022 | £99k | £84k |
| 31/08/2021 | £117k | £116k |
Common questions
Is BROADGRACE financially healthy?
Per its FY2025 accounts: The accounts state that the charity held unrestricted reserves of £30,014 at the end of the financial year, which is below the trustees' stated policy target of £25,000 in reserves (comprising £5,000 for general activities, £10,000 for the River Rooms, and £10,000 for repairs). The charity fully repaid its interest-bearing loan with Rural Ministries during the period, resulting in an estimated £11,000 in additional annual income from re-let offices to support further ministry. Its FY2025 accounts were independently examined.