GRACE ORGANISATION
Provision of day care facilities for older / vulnerable people Haringey, Enfield, Ilford and surrounding areas.
Financial health, per its FY2025 accounts
The accounts state that total income increased to £653,851 from £476,035 in the prior year, resulting in a net surplus of £138,416. Unrestricted reserves rose significantly to £218,988, which the Trustees consider to be within their stated policy target of three to six months' expenditure. The charity reports adequate resources to continue in operational existence for the foreseeable future.
What the accounts disclose
“It is the policy of the Charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month's expenditure.” — page 4
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- FRANCIS LEWISchair
- JEVAIS MARCHE
- LEILA YUSUF
- ORVILLE MEADE
- PEARLENE MAIZE
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £654k | £515k |
| 31/03/2024 | £476k | £372k |
| 31/03/2023 | £354k | £346k |
| 31/03/2022 | £353k | £386k |
| 31/03/2021 | £369k | £363k |
Common questions
Is GRACE ORGANISATION financially healthy?
Per its FY2025 accounts: The accounts state that total income increased to £653,851 from £476,035 in the prior year, resulting in a net surplus of £138,416. Unrestricted reserves rose significantly to £218,988, which the Trustees consider to be within their stated policy target of three to six months' expenditure. The charity reports adequate resources to continue in operational existence for the foreseeable future. Its FY2025 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| UK government | 30/09/2020 | £10k | Coronavirus Community Support Fund |