IRIS Accounts Production v26.1.0.640 Other Company accounts True false Pounds 1.1.25 31.12.25 31.12.25 FY FRS 102 Independent examiner Small companies regime for accounts Full Charities SORP true true true true false true true false false true iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 07461047 2024-12-31 07461047 2025-12-31 07461047 2025-01-01 2025-12-31 07461047 2023-12-31 07461047 2024-01-01 2024-12-31 07461047 2024-12-31 07461047 ns0:CharitableCompanyLimitedByGuarantee 2025-01-01 2025-12-31 07461047 ns15:PoundSterling 2025-01-01 2025-12-31 07461047 ns11:FRS102 2025-01-01 2025-12-31 07461047 ns0:IndependentExaminationCharity 2025-01-01 2025-12-31 07461047 ns11:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 07461047 ns11:FullAccounts 2025-01-01 2025-12-31 07461047 ns0:CharitiesSORP 2025-01-01 2025-12-31 07461047 ns16:EnglandWales 2025-01-01 2025-12-31 07461047 ns11:RegisteredOffice 2025-01-01 2025-12-31 07461047 ns0:Trustee2 2025-01-01 2025-12-31 07461047 ns0:Trustee1 2025-01-01 2025-12-31 07461047 ns0:Trustee3 2025-01-01 2025-12-31 07461047 ns11:CompanySecretary1 2025-01-01 2025-12-31 07461047 ns0:TotalUnrestrictedFunds 2025-01-01 2025-12-31 07461047 ns0:TotalRestrictedIncomeFunds 2025-01-01 2025-12-31 07461047 ns0:Activity8 2025-01-01 2025-12-31 07461047 ns0:Activity8 ns0:TotalUnrestrictedFunds 2025-01-01 2025-12-31 07461047 ns0:Activity8 ns0:TotalRestrictedIncomeFunds 2025-01-01 2025-12-31 07461047 ns0:Activity8 2024-01-01 2024-12-31 07461047 ns0:TotalUnrestrictedFunds 2024-12-31 07461047 ns0:TotalRestrictedIncomeFunds 2024-12-31 07461047 ns0:TotalUnrestrictedFunds 2025-12-31 07461047 ns0:TotalRestrictedIncomeFunds 2025-12-31 07461047 ns0:TotalUnrestrictedFunds ns10:WithinOneYear 2025-12-31 07461047 ns0:TotalRestrictedIncomeFunds ns10:WithinOneYear 2025-12-31 07461047 ns10:WithinOneYear 2025-12-31 07461047 ns10:WithinOneYear 2024-12-31 07461047 2 2025-01-01 2025-12-31 07461047 ns0:TotalUnrestrictedFunds 2024-01-01 2024-12-31 07461047 ns0:TotalRestrictedIncomeFunds 2024-01-01 2024-12-31 07461047 ns0:Activity8 ns0:TotalUnrestrictedFunds 2024-01-01 2024-12-31 07461047 ns0:Activity8 ns0:TotalRestrictedIncomeFunds 2024-01-01 2024-12-31

REGISTERED COMPANY NUMBER: 07461047 (England and Wales)

REGISTERED CHARITY NUMBER: 1143175

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

Grace Debt Advice

(A Company Limited by Guarantee)

Grace Debt Advice

CONTENTS OF THE FINANCIAL STATEMENTS

for the Year Ended 31 December 2025

| Page |

Report of the Trustees | 1 |

Independent Examiner's Report | 2 |

Statement of Financial Activities | 3 |

Balance Sheet | 4 |

Notes to the Financial Statements | 5 |  | to |  | 8

Grace Debt Advice (Registered number: 07461047)

REPORT OF THE TRUSTEES

for the Year Ended 31 December 2025

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Related parties

During the year the director Gary Holland received £ 10,000 (2024 £20,935) in respect of fees earned in his role as Managing Trustee and £ 2,181.01 (2024 £7,730) in expenses

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

07461047 (England and Wales)

Registered Charity number

1143175

Registered office

Ferneberga House

Alexandra Road

Farnborough

Hampshire

GU14 6DQ

Trustees

A Barling Retired

G Holland Company Director

A Cable Director

Company Secretary

Independent Examiner

Mark Byron Blackwell

MHR Consultancy Limited

Ferneberga House

Alexandra Road

Farnborough

Hampshire

GU14 6DQ

Approved by order of the board of trustees on 26 March 2026 and signed on its behalf by:

G Holland - Trustee

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF

GRACE DEBT ADVICE

Independent examiner's report to the trustees of Grace Debt Advice ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2025.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1. | accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

2. | the accounts do not accord with those records; or

3. | the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

4. | the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Mark Byron Blackwell

MHR Consultancy Limited

Ferneberga House

Alexandra Road

Farnborough

Hampshire

GU14 6DQ

26 March 2026

Grace Debt Advice

STATEMENT OF FINANCIAL ACTIVITIES

for the Year Ended 31 December 2025

| 31.12.25 |  | 31.12.24

| Unrestricted |  | Restricted |  | Total |  | Total

| fund |  | funds |  | funds |  | funds

| Notes | £ | £ | £ | £ |

INCOME AND ENDOWMENTS FROM

Donations and legacies | 207,682 |  | - |  | 207,682 |  | 195,567 |

Charitable activities

Core Activities | 390 |  | - |  | 390 |  | 751 |

Investment income | 2 | 17 |  | - |  | 17 |  | 14 |

Total | 208,089 |  | - |  | 208,089 |  | 196,332 |

EXPENDITURE ON

Charitable activities

Core Activities | 208,491 |  | - |  | 208,491 |  | 178,254 |

NET INCOME/(EXPENDITURE) | (402 | ) | - |  | (402 | ) | 18,078 |

RECONCILIATION OF FUNDS

Total funds brought forward | 38,054 |  | 821 |  | 38,875 |  | 20,797 |

TOTAL FUNDS CARRIED FORWARD | 37,652 |  | 821 |  | 38,473 |  | 38,875 |

Grace Debt Advice (Registered number: 07461047)

BALANCE SHEET

31 December 2025

| 31.12.25 |  | 31.12.24

| Unrestricted |  | Restricted |  | Total |  | Total

| fund |  | funds |  | funds |  | funds

| Notes | £ | £ | £ | £ |

CURRENT ASSETS |

Cash at bank | 46,608 |  | 821 |  | 47,429 |  | 38,875 |

CREDITORS |

Amounts falling due within one year | 6 | (8,956 | ) | - |  | (8,956 | ) | - |

NET CURRENT ASSETS | 37,652 |  | 821 |  | 38,473 |  | 38,875 |

TOTAL ASSETS LESS CURRENT LIABILITIES | 37,652 |  | 821 |  | 38,473 |  | 38,875 |

NET ASSETS | 37,652 |  | 821 |  | 38,473 |  | 38,875 |

FUNDS | 7

Unrestricted funds | 37,652 |  | 38,054 |

Restricted funds | 821 |  | 821 |

TOTAL FUNDS | 38,473 |  | 38,875 |

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a) | ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 26 March 2026 and were signed on its behalf by:

G Holland - Trustee

A Barling - Trustee

Grace Debt Advice

NOTES TO THE FINANCIAL STATEMENTS

for the Year Ended 31 December 2025

1. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| Income

| All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

| Expenditure

| Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

| Taxation

| The charity is exempt from corporation tax on its charitable activities.

| Fund accounting

| Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

| Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

| Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2. | INVESTMENT INCOME

| 31.12.25 |  | 31.12.24

£ | £ |

| Interest receivable - trading | 17 |  | 14 |  |

3. | TRUSTEES' REMUNERATION AND BENEFITS

| 31.12.25 |  | 31.12.24

£ | £ |

| Trustees' fees | 10,000 |  | 20,935 |  |

| Trustees' expenses

| 31.12.25 |  | 31.12.24

£ | £ |

| Trustees' expenses | 2,181 |  | 7,730 |  |

4. | STAFF COSTS

| The average monthly number of employees during the year was as follows:

| 31.12.25 |  | 31.12.24

| Management | 1 |  | 1 |  |

| No employees received emoluments in excess of £60,000.

Grace Debt Advice

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 31 December 2025

5. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

| Unrestricted |  | Restricted |  | Total

| fund |  | funds |  | funds

£ | £ | £ |

| INCOME AND ENDOWMENTS FROM

| Donations and legacies | 195,567 |  | - |  | 195,567 |

| Charitable activities

| Core Activities | 751 |  | - |  | 751 |

| Investment income | 14 |  | - |  | 14 |

| Total | 196,332 |  | - |  | 196,332 |

| EXPENDITURE ON

| Charitable activities

| Core Activities | 178,254 |  | - |  | 178,254 |

| NET INCOME | 18,078 |  | - |  | 18,078 |

| RECONCILIATION OF FUNDS

| Total funds brought forward | 19,976 |  | 821 |  | 20,797 |

| TOTAL FUNDS CARRIED FORWARD | 38,054 |  | 821 |  | 38,875 |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

| 31.12.25 |  | 31.12.24

£ | £ |

| Trade creditors | 8,956 |  | - |  |

7. | MOVEMENT IN FUNDS

| Net |  |

| movement |  | At |

| At 1.1.25 |  | in funds |  | 31.12.25 |

£ | £ | £ |

| Unrestricted funds

| General fund | 38,054 |  | (402 | ) | 37,652 |  |

| Restricted funds

| Somerset Community Foundation - Somerst Growth | 430 |  | - |  | 430 |  |

| Somerset Community Foundation - Homeless Fund | 321 |  | - |  | 321 |  |

| Live West - Digital Inclusion | 70 |  | - |  | 70 |  |

821 |  | - |  | 821 |  |

| TOTAL FUNDS | 38,875 |  | (402 | ) | 38,473 |  |

| Net movement in funds, included in the above are as follows:

| Incoming |  | Resources |  | Movement |

| resources |  | expended |  | in funds |

£ | £ | £ |

| Unrestricted funds

| General fund | 208,089 |  | (208,491 | ) | (402 | ) |

| TOTAL FUNDS | 208,089 |  | (208,491 | ) | (402 | ) |

Grace Debt Advice

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 31 December 2025

7. | MOVEMENT IN FUNDS - continued

| Comparatives for movement in funds

| Net |  |

| movement |  | At |

| At 1.1.24 |  | in funds |  | 31.12.24 |

£ | £ | £ |

| Unrestricted funds

| General fund | 19,976 |  | 18,078 |  | 38,054 |  |

| Restricted funds

| Somerset Community Foundation - Somerst Growth | 430 |  | - |  | 430 |  |

| Somerset Community Foundation - Homeless Fund | 321 |  | - |  | 321 |  |

| Live West - Digital Inclusion | 70 |  | - |  | 70 |  |

821 |  | - |  | 821 |  |

| TOTAL FUNDS | 20,797 |  | 18,078 |  | 38,875 |  |

| Comparative net movement in funds, included in the above are as follows:

| Incoming |  | Resources |  | Movement |

| resources |  | expended |  | in funds |

£ | £ | £ |

| Unrestricted funds

| General fund | 196,332 |  | (178,254 | ) | 18,078 |  |

| TOTAL FUNDS | 196,332 |  | (178,254 | ) | 18,078 |  |

| A current year 12 months and prior year 12 months combined position is as follows:

| Net |  |

| movement |  | At |

| At 1.1.24 |  | in funds |  | 31.12.25 |

£ | £ | £ |

| Unrestricted funds

| General fund | 19,976 |  | 17,676 |  | 37,652 |  |

| Restricted funds

| Somerset Community Foundation - Somerst Growth | 430 |  | - |  | 430 |  |

| Somerset Community Foundation - Homeless Fund | 321 |  | - |  | 321 |  |

| Live West - Digital Inclusion | 70 |  | - |  | 70 |  |

821 |  | - |  | 821 |  |

| TOTAL FUNDS | 20,797 |  | 17,676 |  | 38,473 |  |

| A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

| Incoming |  | Resources |  | Movement |

| resources |  | expended |  | in funds |

£ | £ | £ |

| Unrestricted funds

| General fund | 404,421 |  | (386,745 | ) | 17,676 |  |

| TOTAL FUNDS | 404,421 |  | (386,745 | ) | 17,676 |  |

Grace Debt Advice

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 31 December 2025

8. | RELATED PARTY DISCLOSURES

| During the year the director Gary Holland received £ 10,000 (2024 £20,935) in respect of fees earned in his role as Managing Trustee and £ 2,181.01 (2024 £7,730) in expenses