Grace Baptist Mission CIO
Financial Statements
for the year ended 31 December 2023
Registered Charily No 1157506
GRACE BAPTIST
MISSION

Grace Baptlst Mission CIO
Contents
Pa8e
Legal and administrative information
Report of the trustee5
Independent auditors. report
9.12
Statement of financial activities
13
Balance sheet
14
Statement of cashflow
15
Notes to the financial statements
16-22

Grace Baptist Mission CIO
Report of the Trustees for the year ended 31 December 2023
The Trustees present the report and the audited financial statements for the year ended 31" December 2023.
Reference and Administrative Information
Charity Name..
Grace Baptist Mi55ion CIO
Charity registration number-. 1157S06
Prlncipal Office
12 Abbey C105e, Abingdon, Oxon, OX14 3JD
Tel. 01235 520147 email infodesk
bm.or
Web-site www.
bm.or
Trustees
The following have held office as Trustees during the period l January to 31" December 2023, unless otherwise
stated
K A Johns (Chairman until 281101231
T Q Forryan Ivice Chairman until 28110123 then
Chairman)
R D Felix ITreasurerl
M McDonald (Woman Officer)
H R Sayers Ivice Chairman from 111121231
J Heasman
J Hoadley Ifrom 281101231
K L Knight
A W Laughton
l Lawson
N Mistry
P Shirtcliffe
I Williams
T Condy
N Edkin5 Ifrom 281101231
G R Field
mI￿10n Director
DERJones
Bankers
Santander UK plc, Bridle Road, Bootle, L30 4GB
CCLA, COIF Charity Funds, 85 Queen Victoria Street, EC4V 4ET
HSBC plc, 6 High Street, Abingdon, Oxon, OX14 5AZ
Auditors
Nash Harvey Group LLP. The Granary, Hermitage Court, Hermitage Lane, Maidstone, Kent, ME16 9NT
Charity Consultants
The Kubernesis Paitnership LLP, 36 Acomb Wood Drive, York, Y024 2XN

Grace Baptist Mission CIO
Aims and Ob
ectives
The object of Grace Baptist Mlssion CIO IGBM CIO) is to advance the Christian faith for the public benefit, in accordance
with the statement of beliefs set out in Schedule l of the constitution, in particular but not exclusively, by spreading the
Gospel of the Lord Jesus Christ throughout the world.
To achieve thi5. GBM CIO:
helps member churches to send, support and care for missionaries worldwide
co-ordinates ministries of radio and literature from the Mission Centre at Abingdon
promotes the work amongst churches
advises churches of needs and opportunities for mission workers
Public Benefit
The Trustees have regard for the Charity Commission's guidance on the public benefit requirement. They are aware of
the need to ensure that GBM CIO is meeting its obligation to provide public benefit.
G8M CIO purposes comply directly with the following of the Charities acts descriptions of "charitable purpose.
aj the odvt7ncement of religion
In each of the aims above the objective 15 to advance the Christian rellgion.
bj the prevention Dr relief of poverty
From time to time needs and situations are made known by the charity's workers so that thurches and others
can be involved in giving to relieve poverty and especially where natural disaster has occurred.
c) the advoncement of education
Theological education is advanced through the specifit work of charity workers and the work of radio.
Strate
The key stfate8ies employed to achieve the chariws aims and objettive5 are..
al to advance the Christian gospel through the world by means of GBM CIO'S workers in church plantin&
preaching, compassion ministry and training
bl to communicate re8ularly with member churches by means of differing media, personal visits and events so
informing them of the work of each of the charity's workers
cl to make vislts, by support ministries staff, to the areas where the charity is working to ￿pOrt to supporter5
and provide care for the workers
dl to partner with similar Christian mission agencies to allow economic use of resources
el to organise regular events so that the work might be better understood. and others might be involved either
as volunteers or as workers
fl to produce radio programmes for the purpose of training pastors and sharing the Christian religion
81 to run a short-term programme for supporters to gain experience of different aspects of cross-cultural
mission
h) to hold regular meetings of the trustees to monltor and review the work of the charity.
nific
Activltie
GBM CIO seeks to implement the strategies in the following ways..
al helping churches to support and care for the worker5 they have sent throughout the world
bl working with churches in sending UK pastors, GBM CIO workers and supporters to train pastors in a number
of countries in Africa. Asia, South America and Europe
cl sUPPOrting church planting initiatives wlthin the UK and continuing our endeavours to reach out to the multi-
cultural populations in major cities
dl PLtblishing a magazine three times a year to update supporters and member churches concerning the work of
GBM CIO, writing a children's magazine twice a year so that ¢hildren can learn about the work of GBM CIO and
producing a monthly prayer information guide that gives information on every worker and area of work

Grace Baptist Mission CIO
el recording a monthly audio and vldeo programme that focuse5 on one area of the work of GBM CIO
fj holding an annual week of prayer with associated video and written information
gl caring for workers through regular visits by support staff which are planned in consultation with the sending
church and the trustees
h) communicating reEularly with partner agencie5 in the care and 5UPPOrt of workers
il reportlng to the CIO member5 at the AGM on the Annual Mission Day which also includes presentations from
workers from around the world
Il producing radio programmes in both English and French that teach listeners about the Christian religion. The
radio team also visits areas where programmes are broadcast to train pastors, to determine future programme
need5 and to assess the effectivene$5 of the programmes.
kl organising events for both adults and young people which highlight differing a￿35 of the work and
opportunities to be involved
11 organising up to a maximum of three Envision teams a year to provide the opportunity for short temi service
in a mission context.
Review ot Achievements
l. Trustees
The Trustees met on four occasions during the year to consider the work of the charity, of these, three meetings were in
person, and one was online. Two other committees met on other specified occasions, these were the Finance
committee and the Officers committee where the senior staff also attended.
2. MlssionarSes
During the year GBM CIO helped churches to SUPPOrt and care for 49 workers in 14 different countries.
Thi5 included three a55ociate missionaries who are no longer formally part of GBM but continue to serve within their
country and from whom prayer requests are made known through GBM. In October three couples joined the work of
GBM. They were Colin & Gill Grimwood, with Colin becoming part of the radio team and Gill being employed as the
Financial Administrator. Philip & Heidi Knight, who in 0sSOClation with Wycliffe Bible translators, went to Uganda to join
a bible translation team and Adrian & Abigail Yeboah who are working in Amsterdam with the purpose of church
plantin8.
3. Radio
The radio programmes, which are produced by the radio team both in English and French. are broadcast mainly from
local radio stations in Africa and a partner agency, Trans World Radio ITWRI, broadcast from two of iheir transmitters In
South and West Africa.
The English programme, "Serving Todaf, is designed to equip and traln pastors in the majority world while the French
programme5, entitled "Espérance Aujovrd'hui" help church members to understand their faith better. Other specialist
programmes have continued to be produced and broadcast.
As reported earlier, in October 2023, Colin Grimwood joined the radio team working to produce the Serving Today
English programme.
Along with these programmes, the radio team, with the support of volunteers from member churches, produce
booklets in French, English and other selected languages. These are sent via the churches when representatives of G8M
are visiting and through the Annual Mission Day. The booklets are delivered to the relevant radio stations for
distribution to listeners.
The Mission Director continued to lead the radio team.
4. Literature
It is good to report that in the past year Christian books and booklets continue to be written, translated, and distributed
by GBM CIO workers especially the radio team.

Grace Baptist Mission CIO
5. Tralnlng
GBM CIO works with churches in sending pastors, workers, and supporters to train church leader5 in countries in Africa,
Asia, South America and Europe. The formal training of mlnisters of the gospel continues and G8M CIO in 2023 has had
input into college5 and other trainin8 schemes in Colombia, Peru, Kenya, Serbia, Philippines, and Central Asia.
6. Misslon Support Office
Overseas visits continue to be a regular part of the work. Paul Brunning (Head of Communications) visited Colombia to
see at first-hand the work of Theo & Sonja Donner and to assess place5 where short term Envision participants might be
placed. He also visited our workers in Serbia where he had opportunity to be made more familiar with the ongoing
training of pastors and the church that has been planted. He also met with the Envision apprentice who serves in the
church. Daryl Jones (Mission Director). with his wife Julia, visited Madeira to see the church planting work that Jason &
Andrea Murfitt are doing. He also visited James Hammond in Bordeaux, with Gareth Jones Ipastor of Pantiles Baptist
Church). where James is the pastor of a French church.
7. Conferences
The Athelington Summer Camp took place in August with an increased number attending. Daniel Caballero preached
each morning from the Bible book of Ruth while in the evenings there were presentations that focused on Uganda,
Peru, Colombia, Serbia, Envision and Madeira.
The Annual Mission Day, which includes the Annual General Meeting, took place in October, and was held at Friends
House, London. This wa5 a physical meeting that was partly live streamed. Over five hundred supporters attended and
another few hundred watched online. Several missionaries from across the world were present and spoke about the
opportunities and challenges they encounter in their work.
Youth comp, after many years of involvement, GBM had no responsibility for the running of this camp which continues
to be held at Root Hill Farm.
8. EnvlsSon
The Envision placement in Serbia continLEed where the apprentice Is supporting the work, teaching English to other
young adults and learning the language. This placement will end in 2024.
A team was able to go to Madeira where they were able to a55i5t in the outreach by meeting people and distributing
bibles and other Christian literature.
9. Communlcatlon
The GBM CIO magazine, 'Yhe Herald", was published three times a year and informs churches of GBM CIO'S work
throughout the world. Alongside this the children's magazine "Let's Go" wa5 published in the spring and the autumn.
Each month the"Partnership in Prayert diary8ave supporters the opportunity to receive news from every GBM CIO
worker to encourage prayer and support. The "Prayer Waves" through the media of audio and video, gave in depth
information on one area of the work and the occasional 'GBM Newsfeed" continued to provide supporters with urgent
news via email

Grace Baptist Mission CIO
Financial Revlew
Total income for the year was £1,619,332 and with total expenditure of £1,048,338 the surplus for the year was
£570,994.
The surplus is higher than the previous year due to an increase in legacies received. Income increased while expenditure
decreased. If legacies are excluded, income was £1,030,563 which Is a decrease of 3.72% over the previous year.
Expenditure has decreased by 0.49%.
At the year-end total assets were £2,862,530.
The balance of the Restrirted Fund for Missionaries and Mission Projects now stsnds at £40,381.
The result for the year reflects sufflcient underlying financial support for the current level of the Mission's activities. Our
focus is to achieve a balanced budget whereby income is sufficient to cover c05tS.
Investment Polic
Fixed Asset Investments
The charlty has freehold title to the office at 12 Abbey Close, Abingdon and residential properties at 10 & 11 Abbey Close,
Abingdon.
The residential propety at io Abbey Close ￿ds in occupation by mission Staff. The property at 11 Abbey Close is rented to a
third paty.
Liquid Investments
The investment policy is to maintain a low-risk liquid position. The aim is therefore to maintsin balances In accounts that attrart
market competitive deposit account bank interest but with low-risk institutions.
Reserves Polic
OLFr policy is to build and maintain a margin of funds to cover about 3 to 6 month5 of expenditure.
In looking realistically at what is available in the short temi to carry on the work we exclvde the Mission's fixed assets,
the majority of which are represented by the premises at 10- 12 Abbey Close, Abingdon. Therefore, at the 31"
December 2023 liquid reserve5 held by the trustees to cover the cost of the ongoing work of the Mission, amounted to
£1,650,329. At this level the liquid reseryes would cover 18.8 months.
The trustees closely monitor the finances of the charity monthly.
Future Inltlatives and Plans
The programmed events for 2024 will include the ongoing development of the Envision teams and placements. The Annual
Mission Day IAGMI in October is planned to be in person and will also incorporate some aspect5 Online for those who do not
wish to or who cannot attend physically. We will continue to utilise the greater familiarity with online events to widen and
deepen our communicatKJn with sUp￿)rterS, particularty with the week of prayer.
We will endeavour to encourage churches to send new workers and we will ensure that any new mi55ionaries are fully
funded.

Grace Baptist Mission CIO
Ke
Mana
ement Personnel
Mis5K)n Director
Head ofCommunKations'.
Finan￿ Mana8er.
DERJones
P M Brunning
AS Woods
Structure Governance and Man
Governing Oocument
Grace Baptist Mi55ion is a Charitable Incorporated Organisation as of 17th lune 2014 and is a registered charity with the Charity
Commission Inumber 11575C61. The governing document is the Constitution. which was agreed by the member churche5
on Ortober 23rd 2014, atthe AGM.
ement
Appointment of Trnstees
Trustees are members of member churches and seNe for a period of three years. They are elerted at the Annual General
Meeting by the delegates of the member churches.
Any new Trustees are given key charity Commission information on their responsibilities and are encouraged to attend
approprlate external training where this will facilitate the undertaking of their role. The￿ is also an irtrhouse training day to
help new trustees understand better the work of the charity.
Organlsatlo
The Trustees meet at leastfour times a yearto review all aspetts of the chariws actmties. There are two sub-committees to
assist with the runnin8 of the charity, namely the Officers committee, responsible for meeting with senior staff between
trustee meetings and the Finance committee. tasked with Specif￿allY monitoring and managingthe charitys finances.
Members of sul>committees.'
Officers commlttee~ KA Johns (Choirmon until 28/10/23), T Forryan fvice Chairmon until 28/10/23 then ChairmGrnJ, RD
Felix {TreosurerJ, M McDonald Iwomon Officer). HL Soyers (Vice Choirmonfrom 11/12/23)
Finan￿ Commitee- RD Feltx (Chairmon), KL Kni8ht, l Lawson, L Evans Ico-optedl and I larvis Ico-optedl.
Trustee Remuneratlon and Related Parties
No trustees received remuneration during 2023. Details of trustee expenses are disclosed in note 8 to the account
There were no related party trans)rtions rewrted in the year btheen the charityand any trustees, *nior managers, oranyof the
third parties wf(h contractual relationships with the charity.
Pay Poll¢y for Staff
The pay ofstsff is revtewed annually using a standard fonnula benchmafked a8ainst published pay increase5 by the Baptist Union.
Rlsk Management
The trustees through the Finance committee have assessed the major risks to which the charity is exposed, in particular
financial, operational and governance. and are satlsfied that systems are in place to mltlgate exposu￿ to the major
risks.

Grace Baptist Mission CIO
Trustees, Responslbllltles In Relatlon to the Hnanclal Statements
The trustee5 are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable
law and United Kingdom Accounting Stsndards (United Kingdom Generalty A(￿pted Accountin8 Practice).
The charity's trustees are responsible for preparing financial statements for each financial year that glves a true and fair
view of the charit¢s incoming resources and application of resources during the period and of its state of affairs at the
end of the year. In preparing the financial statements, the trustees are required to..
select suitable accounting policies and then apply them consistently
observe the methods and principles in the Charities SORP
make judgements and estimates that are reasonable and prudent
prepare the financial statements on the going concern basis unless it 15 inappropriate to presume that the charity
will continue in business
state whether applicable UK Accounting Standards have been followed, subject tr) any material departures dlsdosed and
explained in the financial statements
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time
the flnancial position of the charlty and enable them to ensure that the financial statements comply with the Charities
Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for
the prevention and detection of fraud and other irregularities.
Auditors
In accordance with the constitution, a resolution to re-appoint Nash Harvey as Auditor5 for the ensuin8 year wa5
approved by the delegates at the Annual General Meeting in October 2023.
Statement of Disc105ure of Informatlon to Auditor5:
There is no relevant audit information of whith the charitsble compafiy's auditors are unaware,. and the trustees have
taken all steps to make themselves aware of any relevant audit infomiation and to estsblish that the auditor5 are aware of that
information.
Approved by the Board of Tnjstees on IQ June 2024 and signed on its behalf by:
T Q Forryan (Chairman)

Grace Baptist Mission CIO
Independent Auditors, report to the trustees of Grace Baptist Mission CIO
Opinion
We have audited the financial statements of Grace Baptist Mission CIO (the 'charitable Incorporated
organisation'l for the year ended 31 December 2023 which comprise the statement of financial activities. the
balance sheet. the statement of cash flows and the notes to the financial statements, includin8 significant
accounting policies. The financial reporting framework that has been applied in their preparation is applicable
law and United Kingdom Accountin8 Standards, including FRS 102 The Financial Reporting Stsndard applicable
in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion, the financial statements=
give a true and fair view of the state of the charitable company affairs as at 31 December 2023 and of
its incoming resources and application of resource5, for the year then ended,.
have been properly prepared in a¢cordance with United Kin8doffl Generally Accepted Accountin8
Practice,- and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basls for opinion
We conducted our audit in accordance with International Standards on Auditing IUKI IISA5 IUKII and
applicable law. Our responsibilities under those standards are further described in the Auditorfs
responsibilities for the audit of the financial statements section of our report. We are independent
of the charity in accordance with the ethical requirements that are relevant to our audit of the
financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other
ethical responsibilities in accordance with these requirements. We believe that the audit evidence
we have obtained is Sufficient and appropriate to provide a basis for our opinion.
Conclusions relatlng to going conc¢m
In auditing the financial statements, we have concluded that the trustees use of the going concern
basls of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to
events or conditions that, Individually or collectively, may cast significant doubt on the charit￿5
ability to continue as a going concern for a period of at least twelve months from when the financial
statements are authorised for issue.
Our responsibilities and the re5ponsibilitie5 of the trustees with respect to going concern are
described In the relevant sections of this report.
Other information
The other information comprises the infomation included in the annual report other than the
financial statements and our auditor's report thereon. The trustees are responsible for the other
information contained within the annual report. Our opinion on the financial statements does not
cover the other information and we do not expre55 any form of assurance conclusion thereon. Our
responsibility is to read the other information and, in doing so, consider whether the other
information is materially inconsistent with the financial statements or our knowledge obtained in
the course of the audit, or otherwise appears to be materially misstated. If we identify such material
inconsistencies or apparent material mi55tatements, we are required to determine whether this
gives rise to a material misstatement in the financial statements themselves. If, based on the work
we have performed, we conclude that there is a material mi5Statement of thi5 Other information, we
are required to report that fact.
We have nothing to report in this regard.

Grace Baptlst Mission CIO
Matter5 on whlch we are requlred to report by exceptlon
We have nothing to report in respect of the following matters in relation to which the Charities
IAccounts and Reportsl Regulations 2008 require us to report to you if, in our opinion=
the information given in the financial statements Is Inconsistent in any material respect with
the trustees report,. or
sufficient accounting records have not been kept,. or
the financial statements are not in agreement with the accountin8 records. or
we have not received all the infomiation and explanatlons we require for our audit.
Responsibilltles ol trustees
As explained more fully in the statement of tnjstees responsibilities, the trustees are responslble for
the preparation of the financial statements and for being satisfied that they 8ive a true and fair view,
and for such internal control as the trustees determine is necessary to enable the preparation of
financial statements that are free from material mi55tatement. whether due to fraud or error. In
preparing the financial statement5, the trustees are responsible for assessing the charity's ability to
continue as a going concern, disclosing, as applicable, matters related to going concern and usinE the
going concern basis of accounting unless the trustees either intend to cease operatlons, or have no
realistic alternative but to do so.
Auditor's responslbllltles for the audit of the financial 5tatementS
We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with
the Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free
from material misstatement, whether due to fraud or error, and to issue an auditorfs ￿port that includes our
opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted In
accordance with ISAS IUKI will always detect a material mi55tatement when it exists. Misstatements can arise
from fraud or error and are eon5idered material if, individually or in the aggregate, they could reasonably be
expected to inlluence the economic decisions of users taken on the basis of these financial statements.
Irregularitie5. including fraud, are instances of non-compliance with laws and regulations. We design
procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of
irregularities, includlng fraud. The extefit to which our procedures are capable of detecting irregularities,
including fraud, is detailed below.
We identify and assess the risks of materlal misstatement of the financial statements, whether due to fraud or error,
and then design and perform audit procedures responsive to those risks, including obtaining audit evidence that is
sufficient and appropriate to provide a basis for our opinion.
Our approach to identifying and assessin8 the risks of material mi55tatement in respect of irregularities, including fraud
and non-compliance with law5 and regulations, was as follows..
•the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities
and skills to identify or recognise non-compliance with applicable laws and regulations,
•we identified the law5 and regulations applicable to the charity through di5CU55ions with trustees and other
management, and from our commercial knowledge and experience of the sector,
•we ft)cused on specific laws and regulations which we considered may have a direct material effect on the financial
statements or the operations of the charity, including the Charitles Act 2011, taxation legislation, data protection, anti-
bribery. employment, environmental and health and Safety legislation,

Grace Baptist Mission CIO
•we as5e55ed the extent of compliance with the law5 and regulations identified above through making enquiries of
management and inspectin8 legal correspondence, and
•identified laws and regulations were communicated within the audit team regularly and the team remained alert to
instances of non-compliance throughout the audit.
We as5e55ed the susceptibility of the Charity's flnancial statements to material mi55tatement, including obtaining an
understanding of how fraud might occur, by:
•making enquirie5 of management as to where they considered there was 5Usceptibility to fraud, their knowledge of
actual, suspected, and alle8ed fraud, and
•considering the internal controls In place to mitigate risks of fraud and non-compliance with laws and regulations.
To address the risk of fraud through managernent bias and override of controls, we..
'perfomied analytical procedures to identify any unijsual or unexpected relationships,
•tested joumal entries to identify unusual transactions,
•assessed whether jud8ements and assumptions made in determinin8 the accounting estimates were indicative of
potential bias, and
•investigated the rationale behind significant or unusual transactions.
In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which
included, but were not limited to..
•a8reeing financial statement disclosures to underlying supporting documentation.
•reading the minutes of meetings of those charged with governance,
•enquiring of management as to actual and potential litigation and claims, and
•reviewin8 correspondence with HMRC. relevant regulators, and the charivs legal advisors.
There are inherent limitations in our audit procedures described above. The more removed that law5 and regulations
are from financial transaction5, the less likely it IS that we would become aware of non-compliance. Auditing standards
also limit the audit procedures required to identify non-tompliance with laws and regulations to enqLbiry of the trustee5
and other management and the inspection of regulatory and legal correspondence, If any.
Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may
involve deliberate concealment or collusion.

Grace Baptlst Mission CIO
A further descrlptlon of our responsibllitles is avallable on the Flnanclal Reporting CounciY5 web51te at:
https".//www.frc.org.uk/auditorsresponslbllitles. Thls descrlption forms part of our audltor'5 report.
Use of our report
This report Is made solely to the charitvs trustees, as a body, In accordance wlth part 4 of the Charfties (Accounts and
Reports) Regulations 2￿8. Our audlt work has been undertaken so that we might state to the chadty'5 trustees those
matters we are requlred to state to them In an auditors, report and for no other purpose. To the fullest extent
permitted by law, we do not accept or assume responslbllity to anyone other than the charlly and the charitls trustees
as a body, for our audit work, for thls report, or for the opinlons we have fomied.
John ￿der FCA (Senlor Statutory Audltor)
For and on behalf of Nash Harvey Group LLP
10 June 2024
Chartered Attountants
Statutory Auditor
The Granary
Hermitage Court
Hermitage Lane
Maldstone
Kent
ME16 9NT
Nash Harvey Group LLP is eliglble for appointment as auditor of the charlty by vlrtue of Its eliglblllty for
appointment as auditor of a company under of settlon 1212 of the Companles Act 2006.

Grace Baptist Mission CIO
Statement of financial artivitles year erKled 31 December 2023
20Z3
Restricted
Fund
2023
General
Fund
2023
Deslgnated
Fund
2023
Total
Funds
2022
Total
Fund5
Note
Income resources
Incoming resources from
8enerated ftjnds
Voluntary income
Donations and legacies
202,888
843,588
514,752
1,561,228
1,165,670
Interest income
26,073
26,073
11,814
Incoming resources from
charitable activities
9,280
22,751
32,031
11,497
Totsl incoming resources
202,888
878,941
537,503
1,619,332
1,188,981
Resources expended
Charltable activities
200,380
350,495
497,463
1,048,338
1,053,454
Total resources expended
200,380
350,495
497,463
1,048,338
1.053,454
Net incominglloutgoingl funds
528,446
40,040
570,994
135,527
Transfer between funds
Net movement In funds
2,508
528,446
40,040
570,994
135,527
8alance brought forward
l January 2023
37,873
1,720,140
533,523
2,291,536
2,156,009
Balance carried forward
31 De￿rntser 2023
40,381
2,248,586
573,563
2,862,530
2,291,536
The statement of flnancial activities includes all gains and losses recognised in the above periods.
The attached notes form part of these financial statements.
The nature of the unrestrirted and restricted funds is detailed in Notes 12 and 13 to the financial statements.

Grace Baptlst Misslon CIO
Balance sheet as at 31 December 2023
Reglstered Charity number 1157506
Note
2023
2022
Flxed assets
Tangible fixed assets
1,212,201
1,201,119
Current assets
Debtor5
Cash at bank and in hand
io
73,228
1,694,882
1,768,110
62,435
1.140,421
1,202,856
Credltors: amounts falling due wlthln
one year
li
1117,7811
(112,439)
Net curyent assets
1,650,329
1.090,417
Net assets
2,862,530
2,291,536
Represented by Funds
General Funds
Designated Funds
12
2,248,586
573,563
2,822,149
1,720,140
533,523
2,253.663
Restricted Funds
13
40,381
37.873
Total funds
2,862,530
2,291,536
Approved by the trustees on 10 June 2024 and signed on their behalf by:
T Q Forryan Ichairmanl
R D Felix (Treasurer)

Grace Baptist Mission CIO
Statement of cash flow5 for the year ended 31 December 2023
2023
Restricted
Fund
2023
Genèral
Fund
2023
Designated
Fund
2023
Total
Funds
2022
Totol
Funds
Cash flows from operatlng actlvltles:
Net cash provlded by operatlng acllvltles (Note
15,950
488,607
41,875
546,432
Cash flows from Investlng actlvltles:
Interest Income
Purchase of Property. Plant and Equipment
Proceeds from the sale of Property, Plant and
Equipment
Net cash provlded by investln8 acllvltles
26,073
122,7631
26,073
122.7631
11,814
iii,iooJ
4,719
8,029
4,719
8,029
714
Change in cash and cash equlvalents in the
reporting period
15,950
496,636
41,875
554.461
159,504
Cash and cash equlvalents at the beglnning thÈ
r*port¢d period INote 21
296,990
306,031
537,400
1,140,421
980,917
Cash and ¢ash eouivalents at the end of the
reportlng period (Note 21
312,940
802,667
579.275
1.694,882
1,140,421
statement
2023
Restrlrted
Fund
2023
General
Fund
2023
Oeslgnated
Fund
2023
Total
Funds
2022
Totol
Funds
Note l.. Reconclliatlon of net movement5 in funds to net cash flow from operatin8 activities:
Net mo¥ement in funds:
Adjustments for:
Depreciation charges
Interest income shown in investment activities
2.508
528,446
40,040
570,994
135,527
6.960
126.0731
6,960
126,0731
4.394
{ii,iooJ
Ilncreasel/decrease in debtors
Increase/ Idecreasel in creditois
Net czsh prowded by operatTrn8 acti¥itie5
12431
13,685
15,950
119,8681
1858
488,607
9,319
17.4841
41,875
110.7921
5,343
S46.432
24,799
5,884
159,504
Note 2.. Analysls of cash and cash equSvalents
Cash in hand
312.940
802,667
579,275
1.694.882
1,140,421
Total cash and cash equivalents
312.940
802,667
579.275
1.694,882
1,140,421

Grace Baptist Mission CIO
Notes to the financial Statements for year ended 31 December 2023
Accounting policles
al Basis of preparation of financial statements
The financial statements have been prepared in accordance with 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 IFRS 1021 leffectwe l January 20151
(Charities SORP IFR510211, the Financial Reporting Standard applicable in the United Kingdom and Republic
of Ireland IFRS 1021 and the Companie5 Act 2006.
The charity constitutes a publlc benefit entity as defined by FRS 102. Assets and liabilities are initiallv
recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policv
notelsl
bl Income
Donations and gifts are reflected in the financial statements in the period in which they are received.
Income tax recoverable in respect of gift aid donations is brought into account in the same period as the
relevant donation.
For legacies, entitlement IS taken as the earlier of the date on which either.. the charity is aware that probate
has been granted, the estate has been finalised and notification has been ma(Se by the executorlsl to the
charity that a distribution will be made, or when a distribution is received from the estate. Re￿Ipt of a legacy,
in whole or in part, is only considered probable when the amount can be measured reliably and the charity ha5
been notified, or the charity is aware of the 8rantin8 of probate, and the criteria for income recognition have
not been met, then the legacy is treated as a contingent asset and disclosed if material.
cl Fund Accounting
General funds are unrestricted funds which are available for use at the discretion of the trustees in
furtherance of the general objectives of the charity and which have not been designated for other purposes.
Restricted funds are donatlons whlch the donor has specified are to be solely used for the particular areas of
the charity's work.
dl Expenditure and irrecoverdble VAT
Expenditure is charged to the statement of financial activities on the accruals basis and is mainly allocated
across activities based on staff time.
Charitable activities are further analysed in note 4 and are split between several tategories including direct
charitable expenditure, support. management and administration Costs and governonce costs. Support cost5
are those costs incurred indirectly in sUPPOrt of expenditure on the object5 of the charity or In connection with
the management and administration of the charity. Governance costs reflect the costs of complying with
constitutional and statutory requirements.
Irrecoverable VAT 15 charged as a cost a8ainst the activity for which the expenditure was incurred.
el Operating leases
Rentals payable under operating leases are charged on a straight-line basis over the lease term.
Foreign currencies
Assets and liabilities in foreign currencies are Iranslated into sterling at the rates of exchange ruling at the
balance sheet date. Transactions in foreign currencies are translated into sterlin8 at the rate of exchange ruling
at the date of the transaction. Exchange differences are taken into account in arriving at the net surplus or
deficit.

Grace Baptist Mission CIO
Notes to the financial statement5 for year ended 31 December 2023 Icontinuedl
gl Penslons
The charity makes payments to defined contribution pension schemes for the benefit of its employees.
Contributlons charged during the year are written off as incurred.
h) Tangible fixed assets
Freehold premises are recorded at Insurance value determined when the property wa5 donated by Grace
Baptist Mission on l January 2015. No depreciation is provided on freehold premises since the trustees
consider that the residual values are so high that their depreciation is insignificant.
Depreciation is provided on all other tangible fixed assets at the following rates per annum so as to write off
each a55et over its estimated useful working life-
Computer and equipment- 33% straight line
Other equipment- 20% straight line
il Expenses of trustees
Trustees are reimbursed necessarily-incurred expenses. These are included in the appropriate cate80ry of
resources expended.
Il Debtors
Trade and other debtors are recognised at the settlement amount after any discount offered. Prepayments are
valued at the amount repaid net of any discounts due.
kl Cash at bank and in hand
Cash at bank and in hand includes cash and fixed term deposits of varying lengths. The statement of cash flows
only reflect5 movements within bank accounts held where the money can be accessed within three months of
the date of opening the deposit. No funds at the balance sheet date were on deposit for more than 3 months.
11 Credltors
Creditors and provisions are recognised where the Charity has a present obligation resulting from a past event
that will probably result in the transfer of funds to a third party and the amount due to settle the obligation
can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement
amount after allowing for any discounts due.
ml Taxation
Grace Baptist Mission CIO is a registered charity and no tax is payable on its net incoming reKJurces.

Grace Baptist Mission CIO
Notes to the flnanclal statements year ended 31 December 2023 (contlnued)
2023
Re5trirted
Fund
2023
General
Fund
2023
Designated
Fund
2023
Total
Funds
2022
Totol
Funds
Notes
2 Voluntary Income
Donation Ichurch and Personall
Income tax recovered on
donations
Special offerings
Deputatlon
Legacies
Relief and refugee gifts
Missionary Conference
Special Projects
75,507
223.987
510,350
809,844
932.494
11,598
4,402
16,000
17.750
12,481
6,753
588,769
12,481
6,753
588,769
113,176
17,683
5,840
118,600
56,483
113,176
14,205
14,205
16.820
202,888
843,588
514,752
1,561,228
1,165,670
Incoming ￿sourceS from
Charitable actlvltles
Holiday conferences,
youth work et¢.
Trading income
22,751
22,751
9,280
9,280
5.493
9,280
22,751
32,031
11,497
Total resources expended on
charitable activities
Support of missionaries and
mission projects
Church relations
Support costs
Relief and refugee support
Holiday conferences,
youth work etc.
Missionary conference
Special projects
Governance costs
Improvement to properties
75,672
264,944
49,213
30,794
473,873
814,489
49,213
30,794
107,783
829,832
44,122
44,646
62,211
107,783
23,590
23,590
5.981
40,882
19,411
6,369
16,925
16,925
5,544
5,544
21J).380
350,495
497,463
1,048.338
1,053,454
Support costs have been included within the costs of charitable activities. Office costs that do not relate directly to
charitable expenditure are further dnalysed in note 6 below.

Grace Baptist Mission CIO
Notes to the financlal statements for year ended 31 December 2023 Icontinuedl
2023
Restritted
Fund
2023
General
Fund
2023
Deslgnatsd
Fund
2023
Total
Funds
2022
Total
Fund5
S Church relations
Publications arid publicity
Deputation
Annual meetings
Special events
26,207
6,503
16.503
26,207
6,503
16,503
24,232
3,984
15.794
112
49,213
49,213
44,122
General
Support
Governance
Costs
Total
2023
Total
2022
Analysls of governance and
support Costs
Equipment
Property expenses
General administration c05t
Audit fees
Mission council
4,659
14,893
10.652
4,659
14,893
10,652
3,3
2,244
9,975
20.065
14,606
3.330
3.039
3,300
2,244
30,204
5,544
35,748
51,015
Staff costs
Wages and salaries
Social security costs
Pension cost5
251,637
17.839
21,840
242,933
17,525
20,918
291,316
281,376
Number
io
Number
li
Average monthly rsumber of employees
Staff data relates to all workers based in the U.K.
Full time staff are 6 and part time staff are 412022: 6 and 51.
There were also a number of volunteers helping the charity.
No emoluments are payable to any member of the Charity in their capacity as a trustee.
No employee received emoluments of more than £60,00012022'. same).
The key management of the charity comprises the Mission Director, Communications Director and the Finance
Manager. The total employee benefits of key management personnel for the charity were £I31,7￿l2022'.
£130.5781.
8 Trustees. expen5e5
Travel and subsistence expenses of £71512022: £3991 were paid to 412022: 51 trustees to enable them to attend
meetings and generally carry out their governance responsibilities.

Grace Baptist Mission CIO
Notes to the flnancial statements for year ended 31 December 2023 {continued)
Mi55i0n
Centre
Abingdon
9 Tangible flxed assets
Equipment
Total
Cost
At lJanuary2023
Addition5
Disposals
1,185,OCK)
30.507
22,763
110,3WI
1,215,507
22,763
110,31JJl
At 31 December 2023
1,185,1M)
42,970
1,227,970
Depreciutlon
At lJanuary2023
Charge for the year
Disposals
14,388
6,960
15,5791
14,388
6,960
15.5791
At 31 December 2023
15,769
15,769
Net book values
At 31 December 2023
1,185,OCK)
27,201
1,212,201
At 31 December 2022
1,185.000
16,119
1,201,119
Freehold premises are recorded at Insurance value determined when the property was donated by Grace
Baptist Mission on l January 2015. All fixed assets are used for direct charitable purposes.
2023
2022
io
Debtors
Prepayments
Other debtors
47.193
26,035
42,710
19,725
73,228
62,435
11 Creditors: Amounts falling due withln one year
Trade creditor5
Loans repayable on demand
Taxation and social Security cost5
Deferred income
103,492
8,000
6,289
97,938
6.501
117,781
112,439

Grace Baptlst Mlsslon CIO
Notes to the Ilnancial ststements for the year ended 310ecember 2023 Icontlnued}
Balance I
January
2023
Incoming
Resources
Outgolng
Resources
Balance 31
December
2023
12 Unrestrictsd funds
General
1,720,140
878,941
350,495
2,248,586
Designated
533,S23
537,503
497,463
573,563
2,253,663
1,416,444
847,958
2,822,149
13 Restricted funds
The Mission has four restricted funds. The missionaries and mission projects fund hold5 the money designated
by the donor for a specific missionary or area of work. The relief and refugee fund holds money speclfically
donated to help those in need due to natural disaster or individual circumstances. The Missionary Conference
Fund has been Set up to cover the cost of missionary conferences in future year5. The special Projects fund has
been c￿ated, with the help of recent legacy Income, to provide grants and support for projects outside the
regular work covered by the annual budget.
Balance I
January
2023
Balance 31
December
2023
ncoming
Resources
Outgolng
Resources
Restricted funds
Missionaries and mission projects
Relief and refugee
Missionary Conference
Special Projects
42,039
15,1571
75,507
113,176
75,672
107,783
41,874
236
991
14,205
16.925
11,7291
37,873
202,888
21XJ,380
40,381
Tangible Fixed
Assets
Net Current
Assets
Total
14 Analysis of net assets between fund5
Restricted funds
Designated funds
Unrestricted funds
40,381
573,563
1,036,385
40,381
573,563
2,248,586
1,212,201
1,212,201
1,650,329
2,862,530

Grace Baptist Mission CIO
Notes to the lin8n¢ial ststements for the year ended 31 December 2023 Icontinuedl
15
Commitment5
Pension commitments
The Mission has a pension scheme for all members of its present staff. Premiums paid to this scheme
for the year ended 31 December 2023 amounted to £40,44312022.. £44,605).
Leasin8 commitments
Al 31 December 2023 the Mission had annual commltments of £13,144 under operating leases which expire as
follows..
2023
2022
Leases expirinB within one year
Leases expiring within two to five years
Lease5 expiring within six to ten years
2,976
10,168
2,976
11,904
1.075
13,144
15,955
16
Related party transactions
At the year-end there were no outstanding interest free loans made to the charity from the trustees, which are
repayable on demand.
Gifts from trustees to the charlty totalled £6,64012022.. £8.7001.
22

12 Abbey Close, Abingdon, OXI 4 3JD
Tel: 01235520147
Fax: 01235559796
infodesk@ bm.or
.uk
Registered Charity 1157506
GRACE BAPTIST
MISSION