Charity Accounts Intelreading the accounts so you don’t have to

THE GRACE TRUST

Registered charity 257516 · accounts filings on the Charity Commission register

Latest income
£60.7m
Latest spending
£52.6m
Registered
1968
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that total income decreased to £60.7 million from £68.3 million in the prior year, while net movement in funds fell to £10.6 million. The charity holds free reserves of £75.7 million, which is considerably higher than its stated policy target of £10 million to £15 million, primarily to fund anticipated future grant demands. The trustees and auditors confirm that the charity has adequate resources to continue as a going concern.

What the accounts disclose

Reserves policy: £10 million to £15 million (held: £75.7m)
“The target level of reserves is £10 million to £15 million.” — page 8
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Sam Blackledge, son of Richard Blackledge is a Director at the Rapid Relief Team. The Rapid Relief Team Charity was granted £1,085,000 (2023: £2,325,000) by the Grace Trust in 2024.
“Sam Blackledge, son of Richard Blackledge is a Director at the Rapid Relief Team. The Rapid Relief Team Charity was granted £1,085,000 (2023: £2,325,000) by the Grace Trust in 2024.” — page 25
“During the year the charity received donations totalling £1,295,000 from trustees or from the businesses or other organisation that they control.” — page 25
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: During the year the charity received donations totalling £1,295,000 from trustees or from the businesses or other organisation that they control.
“Sam Blackledge, son of Richard Blackledge is a Director at the Rapid Relief Team. The Rapid Relief Team Charity was granted £1,085,000 (2023: £2,325,000) by the Grace Trust in 2024.” — page 25
“During the year the charity received donations totalling £1,295,000 from trustees or from the businesses or other organisation that they control.” — page 25
Per its FY2024 accounts as filed with the Charity Commission.
Trading subsidiary: The Grace Trading Group Ltd
“The Grace Trust holds 100% of the issued share capital of The Grace Trading Group Ltd.” — page 22
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Saffery LLP.

Structured financials (annual return, FY ending 31/12/2024)

Total income
£60.7m
Total spending
£52.6m
Reserves (reported)
£75.7m
Employees
0

Reported reserves equal ~17.3 months of spending — in the top quarter for charities its size (median 4.6 months; benchmarks).

Trustees

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

Operates in: Throughout England And Wales

Income and spending

Financial year endIncomeSpending
31/12/2024£60.7m£52.6m
31/12/2023£68.3m£36.6m
31/12/2022£72.3m£72.9m
31/12/2021£129.8m£122.2m
31/12/2020£127.5m£107.1m

Common questions

Is THE GRACE TRUST financially healthy?

The accounts state that total income decreased to £60.7 million from £68.3 million in the prior year, while net movement in funds fell to £10.6 million. The charity holds free reserves of £75.7 million, which is considerably higher than its stated policy target of £10 million to £15 million, primarily to fund anticipated future grant demands. The trustees and auditors confirm that the charity has adequate resources to continue as a going concern. Its FY2024 accounts were audited by Saffery LLP.

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