Finance Score: -1

Governance Score: -4

Support Score: 3

Poor Liquidity: -1
Strong growth: +2
Multiple Deficits: -2

Only 3 Trustees: -2
Narrow trustee age band: -2

Gov Income
Grant maker support: +3

Overall GiG Score: -2

GRACE FOUNDATION

The Fund was incorporated on the 24 December 2003 with its objectives being the advancement, for the public benefit, education in the United Kingdom by promoting the establishment, maintenance, carrying on, management and development of schools with a Christian ethos and in accordance with Christian principles.

Analysis by Giving is Great

Positives:

The charity has received Government grants
There has been strong growth in spending over the last 5 years

Regulatory & Governance issues to consider:

This charity is not recognised by HMRC for Gift Aid according to its latest published return
There are only 3 trustees
The Board has little diversity in terms of age

Financial issues to consider:

Liquidity appears to have been slender at the latest year end
On several occasions in recent years income has been less than spending

Established: 20 years

mail@graceacademy.org.uk

01675435500

Charity Commission for England and Wales

Financial Data ?

Income & Spending ?

Sources of Income ?

Y/E		Income £k	Spending £k	Surplus/ Deficit	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs	Staff
31/08/22		£893	£889	£5	£0	£141	£141	1.9	23
31/08/21		£897	£699	£198	£0	£137	£137	2.3	17
31/08/20		£456	£624	£-168	n/a	n/a	n/a	n/a	n/a
31/08/19		£385	£293	£92	n/a	n/a	n/a	n/a	n/a
31/08/18		£371	£435	£-63	£0	£0	£0	n/a	0
31/08/17		£508	£439	£68	£0	£78	£78	2.1	2
31/08/16		£387	£428	£-41	£0	£0	£0	n/a	0
31/08/15		£371	£332	£39	£0	£0	£0	n/a	0
31/08/14		£159	£148	£11	£0	£0	£0	n/a	0
31/08/13		£201	£202	£-1	£0	£0	£0	n/a	0
31/08/12	*	£440	£556	£-116	£0	£0	£0	n/a	0
31/08/11		£100	£134	£-34	£0	£0	£0	n/a	0
31/08/10		£2,249	£2,255	£-6	£1	£151	£146	0.8	0
31/08/09		£165	£113	£52	£0	£0	£0	n/a	0
31/08/08	*	£156	£49	£106	£0	£0	£0	n/a	0
31/08/07	*	£126	£126	£0	£0	£0	£0	n/a	0
31/08/06		£2,000	£2,001	£-1	£0	£0	£0	n/a	0
31/08/05	*	£0	£0	£0	n/a	n/a	n/a	n/a	n/a

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Financial Ratios

Fundraising Costs/Relevant Income: 0%
Fundraising Costs/Total Spending: 0%
Senior Staff Costs/Total Spending: 9%
Highest pay band: £60,000-£70,000
Liabilities/Assets: 25%
Liabilities/Income: 5%
Unrestricted Funds/Total Funds: 100%
Reserves/Spending: 1.9 months
Net Current Assets/Spending: 2 months
Quick Ratio: 3.9

Asset Split ?

Listed activities

Education/Training
General Charitable Purposes

How it operates

Makes Grants to Individuals
Makes Grants to Organisations

Where it operates

Throughout England And Wales,

Who it helps

Children/Young People
Other Charities Or Voluntary Bodies
People With Disabilities
The General Public/Mankind

Who works here?

23 employees

Who's supporting them? ?

We have no records of donations from grant makers.

How is it governed?

Trustees (3)

Age Range of Trustees:

ANDREW MARTIN EDMISTON Appointed: 2019, Occupation: Charity Trustee

LADY EDMISTON, Occupation: Company Director, Other trusteeship: CHRISTIAN VISION,

LORD EDMISTON (Chair), Occupation: Charity Trustee

Legal constitution

Charitable company registered in England & Wales on 02/04/2004, number: 1103021
Registered at Companies House on 24/12/2003, number: 05003276

Gift Aid

NOT registered with HMRC for Gift Aid

Policies in force

Complaints handling
Conflicting interests
Paying staff
Risk management
Safeguarding vulnerable beneficiaries

Filing Record

18 returns made; AR12: 3 days late, AR08: 30 days late, AR07: 37 days late, AR05: 10 days late,

Main office

Grace Foundation
The Gate
International Drive
Shirley
SOLIHULL
B90 4WA

Objectives

1) TO ADVANCE FOR THE PUBLIC BENEFIT EDUCATION IN THE UNITED KINGDOM BY PROMOTING THE ESTABLISHMENT, MAINTENANCE, CARRYING ON, MANAGEMENT AND DEVELOPMENT OF SCHOOLS WITH A CHRISTIAN ETHOS AND IN ACCORDANCE WITH CHRISTIAN PRINCIPLES; AND2) THE PROMOTION OF OTHER CHARITABLE PURPOSES BENEFICIAL TO THE COMMUNITY WITH PARTICULAR REFERENCE TO THE PROMOTION OF GOOD CITIZENSHIP WITH THE EMPHASIS ON HONESTY AND INTEGRITY IN EVERY DAY LIFE AND BUSINESS AND IN A MANNER CONSISTENT WITH CHRISTIAN PRINCIPLES.

Defined Area of Benefit:

NATIONAL

Data Sources