GLOBAL CHURCH OF GRACE MINISTRIES
Financial health, per its FY2022 accounts
The accounts state that unrestricted reserves stood at £219,381, which the trustees confirm meets their policy target of securing three to six months of running costs. The charity reported a net income of £16,551 for the year, resulting in a positive movement in funds, and the independent examiner confirmed that no material matters gave cause for concern regarding the financial statements.
What the accounts disclose
“The charity's reserve policy aims to secure three to six months of running costs within the general free reserves to ensure ongoing sustainability.”
Trustees
- Rev SAMUEL KYEI-BAAFOURchair
- ALBERT COLEMAN
- Rev DAVID OFORI-ADJEI
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £194k | £207k |
| 31/03/2024 | £293k | £230k |
| 31/03/2023 | £256k | £204k |
| 31/03/2022 | £162k | £145k |
| 31/03/2021 | £159k | £124k |
Common questions
Is GLOBAL CHURCH OF GRACE MINISTRIES financially healthy?
The accounts state that unrestricted reserves stood at £219,381, which the trustees confirm meets their policy target of securing three to six months of running costs. The charity reported a net income of £16,551 for the year, resulting in a positive movement in funds, and the independent examiner confirmed that no material matters gave cause for concern regarding the financial statements. Its FY2022 accounts were independently examined.