Grace Baptist Mission CIO
Financial Statements
for the year ended 31 December 2024
Registered Charity No 1157506
GRACE BAPTIST
MISSION

Grace Baptist Mission CIO
Contents
Page
Legal and administrative information
Report of the trustees
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 2024
The Trustees present the report and the audited financial statements for the year ended 31, December 2024.
Reference and Administrative Information
Charity Name..
Grace Baptist Mission CIO
Charity registration number.. 1157506
Princlpal Office
12 Abbey Close, Abingdon, Oxon, OX14 3JD
Tel. 01235 520147 email infodesk
bm.or
Website www.
bm.or
.uk
.uk
Trustees
The following have held office as Trustees during the period l January to 31 December 2024, unless otherwise
stated
T Q Forryan {Chairmanl
H R Sayers (Vice Chairman until 26110/241
I Williams {Vice Chairman from 26/101241
R D Felix {Treasurerl
M McDonald (Woman Officer)
J Hoadley
K L Knight
P Kosciecha {from 26/101241
A W Laughton
l Lawson
N Mistry
P Shirtcliffe
T Condy (until 26/101241
N Edkins
G R Field
J Heasman
Mission Director
DERJones
Bankers
Santander UK plc, Bridle Road, Bootle, L30 4GB
CCLA, COIF Charity Funds, 85 Queen Victoria Street, EC4V 4ET
HSBC plc, 6 Hi8h Street, Abingdon, Oxon, OX14 5AZ
Auditors
Nash Harvey Group LLP, The Granary, Hermitage Court, Hermitage Lane, Maidstone, Kent, ME16 9NT

Grace Baptist Mission CIO
Aims and Ob ectives
The object of Grace Baptist Mission CIO IG BM 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 this, GBM CIO..
helps member churches to send, support and care for missionaries worldwide
co-ordinates ministries of radio and literature from the M ission 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.
GBM CIO purposes comply directly with the following of the Charities acts descriptions of "charitable purpose"
a) the advancement of religion
In each of the aims above the objective is to advance the Christian religion.
b) the prevention or relief of poverty
From time to time needs and situations are made known by the charity's workers so that churche5 and others
can be involved in giving to relieve poverty and especially where natural disaster has occurred.
c) the advancement of educ(7tion
Theological education is advanced through the specific work of charity workers and the work of radio.
Strate
The key strategies employed to achieve the charity'5 aims and objective5 are:
al to advance the Christian gospel through the world by means of G8M CIO'S workers in church planting,
preaching, compassion m inistry and training
bl to communicate regularly 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
c} to make visits, by support ministries staff, to the areas where the charity is working to report to supporters
and provide care for the workers
d) 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 rad io programmes for the purpose of training pastors and sharing the Christian religion
gl 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 monitor and review the work of the charity.
nificant Activities
GBM CIO seeks to implement the strategies in the following ways:
al helping churche5 to support and care for the workers they have sent throughout the world
bl working with churche5 in sending UK pastors, GBM CIO workers and supporters to train pastors in a number
of countries in Africa, Asia, South America and Europe
c} supporting church planting initiatives within the UK and continuing our endeavours to reach out to the multi-
cultural populations in major cities
dl publishing a magazine three times a year to update supporters and member churches concerning the work of
GBM CIO, writing a children'5 magazine twice a year so that children 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 an audio and video programme that focuses on one area of the work of GBM CIO
n 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 regularly with partner agencies in the care and support of worker5
il reporting to the CIO members at the AGM on the Annual Mission Day which also includes presentations from
workers from around the world
j) producing radio programmes in both English and French that teach listeners about the Christian religion. The
radio team also visit5 area5 where programmes are broadcast to train pastors, to determine future programme
needs and to assess the effectiveness of the programmes.
kl organising events for both adults and young people which highlight differing areas of the work and
opportunities to be involved
l) organising Envision teams and individual placements to provide the opportunity for short term service in a
mission context.
Review of Achievements
l. Trustees
The Trustees met on four occasions to consider the work of the charity, of these, three meetings were in person,
including a two-day conference and one online. Two further committees met on other specified occasions, these were
the Finance committee and the Officers committee where the senior staff also attended.
2. Missionaries
During the year GBM CIO helped churches to support and care for 49 workers in 14 different countries.
This included one Envision apprentice and three associate 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.
3. Radio
The radio programmes, which are produced by the radio team both in French and English, are broadcast in Africa
respectively from local radio stations and a partner agency, Trans World Radio ITWRI. This is from two of their
transmitters in South and West Africa.
The English programme, "Serving Today" is designed to equip and train pastors in the majority world while the French
programmes. entitled "Espérance Aujourd'hui" help church members to understand their faith better. Other specialist
programmes have continued to be produced and broadcast.
Along with these programmes, the radio team, with the support of volunteers from member churches, produce
booklets that accompany the programmes, in French, English and other selected languages. These are sent by church
members when representatives of GBM are preaching and by those who attend Annual Mission Day. The booklets are
mailed to the relevant radio stations for distribution to listeners.
The Mission Director continued to lead the radio team.
4. Literature
GBM CIO workers especially the radio team continue to write, translate, and distribute Christian literature in the form of
books and booklets
5. Training
GBM CIO works with churches in sending pastors, workers, and supporters to train church leaders in countries in Africa,
Asia, South America and Europe. The formal training of ministers of the gospel continues and GBM CIO in 2024 has had
input into colleges and other training schemes in Colombia, Peru, Kenya, Serbia, The Philippines, and Central Asia.

Grace Baptist Mission CIO
6. Mission Support Office
Along with the ongoing visits to speak at member churches, staff continue to make overseas visits. Paul Brunning (Head
of Communications) visited The Philippines to see at first-hand the work of Reuben & Cathy Saywell, Aries and Jodith
Liboro and to meet associate missionaries Brian a nd Necy Ellis and to assess work that Envision participants might do.
He also visited South Africa where he met one of the radio directors of TWR which broadcasts the Serving Today
programmes. He also met with church leaders and others to assess places where Short term Envision participants might
be placed.
Even though the Mission Director and his wife were unable to make any overseas visits they met each missionary when
they were in the UK and they also visited the churches on the Isle of Man. This is only possible every few years.
The Finance Manager began the task of changing the accounting software to Xero, it is planned for this to be completed
in 2025.
7. Conferences
Annual Mission Day, which includes the Annual General Meeting, took place in October, and was held at Friends House,
London. This was a physical meeting that was partly live streamed. Over six hundred supporters attended and another
few hundred watched online. This wa5 an increase from the previous year. Several missionarie5 from across the world
were present and spoke about the opportunities and challenges they encounter in their work.
A Youth comp is held at Root Hill Farm in Surrey. After many years of involvement, GBM no longer has any responsibility
for the running of this camp. However, two mission workers had the opportunity to speak about their work and on one
evening Paul Brunning spoke about the Envision opportunities and also preached.
8. Envision
The Envision apprenticeship in Serbia continued until September 2024 when the apprentice returned to the UK.
By then they had become fluent in Serbian, taught English to other young adults and helped support the work in the
church in many varied ways.
9. Communication
GBM CIO'S magazine, "The Herald" was published three times a year and informs churches of GBM CIO'S work
throughout the world. Alongside this the children's magazine "Levs Go" was published in the spring and the autumn.
Each month the "Partnership In Prayert diary gives supporters the opportunity to receive news from every GBM CIO
worker. The aim of this is to encourage prayer and support.
'Prayer Waves" through the media of audio and video, gave in depth information on one area of the work and the
occasional "G8M Newsfeed" continued to provide supporters with urgent news via email.

Grace Baptist Mission CIO
Financial Review
Total income for the year was £1,093,613 and with total expenditure of £1,127,023 the deficit for the year was £33,410.
If legacies are excluded, incorne was £1,049,658 which is an increase of 2.1% over the previous year. Likewise,
expenditure was £1,069,231 which is an increase of 6.8%.
At the year-end total assets were £2,829,120
The balance of the Restricted Fund for Missionarie5 and Mission Projects now stands at £40,552.
The result for the year reflects sufficient underlying financial support for the current level of the Mi55ion's activities. Our
focus is to achieve a balanced budget whereby income is sufficient to cover costs.
Investment Pollc
Fixed Asset Investment5
The charity has freehold title to the office at 12 Abbey Close, Abingdon and residential properties at 10 & 11 Abbey Close,
Abingdon.
The residential property at 10 Abbey Close was in occupation by mission staff. The property at 11 Abbey Close is rented to a
third paty.
The studio flat which 15 part of Number 11 is being reconstructed to be a separate one-bedroom. We anticipate this being
completed in 2025.
Llquid Investments
The investment policy is to maintain a low-risk liquid position. The aim is therefore to maintain balances in savings accounts that
attract competitive interest rate5 but are held within low-risk institutions,
Reserves Pollc
Our policy is to build and maintain a margin of funds to cover about 6 to 12 months of expenditure.
In looking at what is available in the short term to carry on the work we exclude 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 2024 liquid
reserves held by the trustees to cover the cost of the ongoing work of the Mission, amounted to £1,522,082. At this
level the liquid resenies would cover 16.2 months.
The trustees closely monitor the finances of the charity monthly.
Future Initiatives and Plans
The programmed events for 2025 will include the ongoing development ofthe Envision teams and placements as well as the
biannual family camp at Athelington Hall Farm. The Annual Mission Day {AGMI in October is planned to be in person and will
also incorporate some aspects online for those who do not wish to or who cannot attend physically. We will continue to utilise
the greaterfamiliarity with online events to widen and deepen our communication with supporters, particularly with the week
of prayer.
We will endeavour to encourage churches to send new workers, and we will ensure that any new missionaries are fully
funded.

Grace Baptist Mission CIO
Ke
Mana
ement Personnel
Mission Director.
Head of Communications:
Finance Manager:
DERJones
P M Brunning
A S Woods
Structure Governance and Mana
Governing Document
Grace Baptist Mission is a Charitable Incorporated Organisation as of 17 June 2014 and is a registered charity with the Charity
Commission Inumber 11575061. The governing document is the Constitution, which was agreed by the member churches
on October 23, 2014, at the AGM. This was amended by the member churches at the AGM in 2024 on October 26
th
ement
Appolntment of Trustees
Trustees are members of member churche5 and may serve for a period of three years before they need to be re-elected. The
election takes place 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
appropriate external training where this will facilitate the undertaking of their role. There is also an in-house training day to
help new trustees understand betterthe work of the charity.
Organlsation
The Trustees meet at least four times a year to review all aspects of the charity's attivities. The￿ are two sub-committees to
assist with the running of the charity, namely the Officers committee, responsible for meeting with senior staff between
trustee meeting5 and the Finance committee, tasked with specifically monitoring and managing the charity's finances.
Members ofsub-committees..
Officers committee- T Forryan (Choirmon), RD Felix (Treasurer), M McDonold (Woman Officer). HL Sayers (Vice Choirman
until 26/10/24), I Williams (Vice Choirmon from 26/10/24)
Finance Committee- RD Felix (Choirman), KL Knight, l Lawson, L Evans {co-optedl and J Jarvis Ico-optedj.
Trustee Remuneration and Related Parties
No trustees received remuneration during 2024. Details of trustee expenses are disclosed in note 8 to the accounts.
There were no related paty transattions reported in the year between the charity and any trustees, senior managers, or any of the
third parties with contractual relationships with the charity.
Pay Policy for Staff
The pay of staff is reviewed annually using a standard formula benchmarked against published pay increases by the Baptist Union.
Risk 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 satisfied that Systems are in p13ce to mitigate exposure to the major
risks.

Grace Baptist Mission CIO
Trustees, Responsibilities in Relation to the Financial Statements
The trustees are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable
law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The charity's trustees are responsible for preparing financial statements for each financial year that gives a true and fair
view of the charity's incoming resource5 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 is inappropriate to presume that the charity
will continue in business
State whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and
explained in the financi31 statements
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time
the financial position of the charity 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.
Audltors
In accordance with the constitution, a resolution to re-appoint Nash Harvey Group LLP as Auditors for the ensuing year
th
was approved by the delegates at the Annual General Meeting on October 26 2024.
Statement of Disclosure of Information to Auditors:
There is no relevant audit information of which the charitable company's auditors are unaware; and the trustees have
taken all steps to make themselves aware of any relevant audit information and to establish that the auditors are aware of that
information.
Approved by the Board of Trustees on 9 June 2025 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 2024 which comprise the Statement of financial activities, the
balance sheet, the statement of cash flows and the notes to the financial statements, including significant
accounting policies. The financial reporting framework that has been applied in their preparation is applicable
law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard 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's affairs as at 31 December 2024 and of
its incoming resource5 and application of resources, for the year then ended,.
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting
Practice,. and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with Internationa I Standards on Auditing IUK) IISAS {UKI) and applicable law. Our
responsibilities under those standards are further described in the Auditor's 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 relating to going concern
In auditing the financial statements, we have concluded that the trustees use of the going concern basis 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 charity's ability to continue as a going
concern for a period of at least twelve month5 from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant
sections of this report.
Other information
The other information comprises the information 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 express 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 misstatements, we are required to determine whether thi5 gives rise to a material misstatement in the
financial statements themselves. If, based on the work we have performed, we conclude that there 15 a material
misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.

Grace Baptist Mission CIO
Matter5 on which we are required to report by exception
We have nothing to report in respect of the following matters in relation to which the Charities
(Accounts and Reports) 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 accounting records; or
we have not received all the information and explanations we require for our audit.
Responsibilities of trustees
As expla ined more fully in the statement of trustees responsibilities, the trustees are responsible for the preparation of
the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the
trustees determine 15 necessary to enable the preparation of financial statements that are free from material
misstatement, whether due to fraud or error. In preparing the financial statements, 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 using the going concern basis of accounting unless the trustee5 either intend to cease operations, or have no
realistic alternative but to do so.
Auditor's responsibilities for the audlt of the financial statements
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 auditor's report 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 considered material if, individually or in the aggregate, they could reasonably be
expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, 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, including fraud. The extent to which our procedures are capable of detecting irregularities,
including fraud, is detailed below.
We identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error,
and then design a nd perform audit procedures responsive to those risks, including obtaining audit evidence that is
suff icient and appropriate to provide a basis for our opinion.
Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud
and non-compliance with laws and regulations, was as follows..
•the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities
a nd skills to identify or recognise non-compliance with applicable laws and regulations,
•we identified the laws and regulations applicable to the charity through discussions with trustees and other
management, and from our commercial knowledge and experience of the sector,
io

Grace Baptist Mission CIO
•we focused 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 Charities Act 2011, taxation legislation, data protection, anti-
bribery, employment, environmental and health and safety legislation,
•we assessed the extent of compliance with the laws and regulations identified above through making enquiries of
management and inspecting 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 assessed the susceptibility of the Charity's financial statements to material misstatement, including obtaining an
understanding of how fraud might occur, by:
•making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of
actual, suspected, and alleged 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 management bias and override of controls, we..
'performed analytical procedures to identify any unusual or unexpected relationships,
•tested journal entrie5 to identify unusual transactions,
•assessed whetherjudgements and assumptions made in determining 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 whith
included, but were not limited to:
•agreeing financial statement disclosure5 to underlying supporting documentation,
•reading the minutes of meetings of those charged with governance,
•enquiring of ma nagement as to actual and potential litigation and claim5, a nd
•reviewing correspondence with HMRC, relevant regulators, and the charity's legal advisors.
There are inherent limitations in our audit procedures described above, The more removed that laws and regulations
are from financial transactions. the les5 likely it is that we would become aware of non-compliance. Auditing standards
also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the trustees
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 Misslon CIO
A further descrlptlon of our responslbilltles Is available on the Flnanclal Reportlng Council's webslte at..
https://www.frc.org.uVauditorsre5ponslblllties. Thi5 descriptlon forms part of our auditor's report.
Use of our report
Thls report Is made solely to the charfty's trustees, as a body, in accordance wlth part 4 of the Charities (Accounts and
Reports) Resulatlons 2008. Our audlt work has been undertaken so that we might state to the charity's trustees those
matters we are requlred to state to them In an auditors, report and for no other purpose. To the fullest extent
permltted by law, we do not accept or assume responslblllty to anyone other than the charlty and the charltls trustees
as a body, forour audlt work, for thls report, or for the oplnlons we have formed,
John Alder FCA {Senlor Stattrtory Audltor)
For and on behalf of Nash Harvey Group LLP
2nd June 2025
Chartered Accountants
Statut1￿ Audftor
The Granary
Herrnitage Court
Hermltage Lane
Maldstone
Kent
ME16 9NT
Nash Harvey Group LLP 15 ellglble for appointment as audltor of the charity by vlrtue of Its ellgiblllty for
appolntment as audltor of a company underof section 1212 of the Companies Act 2006.
12

Grace Baptlst Mlsslon CIO
Statement of flnanclal actlvltles year ended 31 December 2024
2024
Restrl£ted
Fund
2024
General
Fund
2024
Deslgnated
Fund
2024
Total
Funds
Note
2023
Tott71
Funds
Income resources
Incomlng resources from
generated funds
Voluntary Income
Donatlons and legacles
128,946
309,714
602,524
1,041,184
1,561,228
Interest Income
44,784
44,784
26.073
Incomlng resources from
charltable activltles
7,645
7.645
32,031
Total Incomlng resources
128,946
362,143
602,524
1.093,613
1,619 332
Re￿urCeS expended
Charltable actlvltles
128,775
436,849
561,399
1,127,023
1,048 338
Total resources expended
128,775
436,849
561,399
1,127,023
1,048.338
Net Incomlng/(outgolng) funds
171
{74,7061
41,125
{33,4101
570,994
Transfer between funds
Net rnovement In funds
171
174,706)
41,125
133,4101
570,994
Balance brought fotward
l January 2024
40,381
2,248,586
573.563
2,862,530
2,291.536
Balance carrled fonvard
31 December 2024
40,552
2,173,880
614,688 2,829,120
2,862,530
The statement of flnanclal activitles includes all gains and losses recognlsed In the above perlods.
The attached notes form part of these financlal statements.
The nature of the unrestrlcted and restricted funds Is detalled In Notes 12 and 13 to the financial statement5.
13

Grace Baptist Mission CIO
Balance sheet as at 31 December 2024
Registered Charity number 1157506
Note
2024
2023
Fixed assets
Tangible fixed assets
1,266,486
1,212,201
Current assets
Debtors
Cash at bank and in hand
10
62,147
1,622,075
1,684,222
73,228
1,694,882
1,768,110
Creditors: amounts falling due within
one year
11
(121,5881
(117, 781)
Net current assets
1,562,634
1,650,329
Net assets
2,829,120
2,862,530
Represented by Funds
General Funds
Designated Funds
12
2,173,880
614,688
2,788,568
2,248,586
573,563
2,822,149
Restricted Funds
13
40,552
40,381
Total funds
2,829,120
2,862,530
Approved by the trustees on 9 June 2025 and signed on their behalf by..
T Q Forryan (Chairman)
J/t,
R D Felix (Treasurer)
14

Grace Baptist Mission CIO
Statement of cash flows for the year ended 31 December 2024
2024
Restricted
Fund
2024
General
Fund
2024
Designated
Fund
2024
Total
Funds
2023
Totol
Fund5
Cash flows from operatlng activities".
Net cash provided by operating activitles (Note
i)
18,247
1111,1491
39,495
153,4071
546,432
Cash flows from investing actlvities:
Interest Income
Purchase of Property, Plant and Equipment
Proceeds from the sale of Property, Plant and
Equipment
Net cash provided by investing actlvities
44,784
17191
44,784
17191
26,073
122,763)
4,719
8,029
44,065
44,065
Change in cash and cash equivalents in the
reportlng period
18.247
1130,5491
39.495
172,8071
5S4,461
Cash and cash equivalents at the beginnlng the
reported period (Note 21
312,940
802,667
579,275
1,694,882
1,140.421
Cash and cash equivalents at the end of the
reportlng perlod (Note 21
331,187
672,118
618,770
1.622,075
1,694.882
Notes to cash flow statement
2024
Restricted
Fund
2024
General
Fund
2024
Designated
Fund
2024
Total
Funds
2023
Total
Funds
Note I: Reconclllatlon of net movements in funds to net cash flow from operating activltles:
Net movement in funds:
Adjustments for:
Depreciation charges
Interest income shown in investment activities
171
174.7061
41,125
133,4101
570,994
9,899
144.7841
9,899
144,7841
6,960
(26,073)
{Increaselldecre3se in debtors
Increase/ Idecreasel in creditor5
I￿et cash provided by operating actlvltles
9.696
8,380
18,247
675
12,2331
1111,1491
710
12,3401
39,495
11,081
3,807
153,4071
(10,792)
5.343
546.432
Note 2.. Analysis of cash and cash equlvalents
Cash in hand
331,187
672,118
618,770
1.622,075
1,694.882
Total cash and cash equivalents
331,187
672,118
618,770
1,622.075
1,694.882
15

Grace Baptist Mission CIO
Notes to the financial statements for year ended 31 December 2024
Accounting policies
a) 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 (effective l Ja nuary 2019}
(Charities SORP {FRS102)), the Financial Reporting Standard applicable in the United Kingdom and Republic
of Ireland (FRS 1021 and the Companies Act 2006.
The charity constitutes a public benefit entity as defined by FRS 102. Assets and liabilities are initially
recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy
notelsl
b} Income
Donations and gifts are reflected in the financia I 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 made by the executorlsl to the
charity that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy,
in whole or in part, is only considered probable when the amount can be measured reliably and the charity has
been notified, or the charity is aware of the granting 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.
c) Fund Accountlng
General funds are unrestricted funds which are available for use at the discretion of the trustee5 in
furtherance of the general objectives of the charity and which have not been designated for other purpose5.
Restricted funds are donations which the donor has specified are to be 501ely used for the particular areas of
the charity's work.
d) Expendlture and irrecoverable 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 categorie5 including direct
charitable expenditure, support, management and administration costs and governance costs. Support costs
are those costs incurred indirectly in support of expenditure on the objects 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 is charged as a cost against the activity for which the expenditure was incurred.
e) Operating leases
Rentals payable under operating leases are charged on a straight-line basis over the lease term.
fl Forelgn currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the
balance sheet date. Transactions in foreign currencies are translated into sterling 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.
16

Grace Baptist Mission CIO
Notes to the financial statements for year ended 31 December 2024 (continued)
g) Pensions
The charity makes payments to defined contribution pension schemes for the benefit of its employees.
Contributions charged during the year are written off as incurred.
h) Tangible fixed assets
Freehold premises are recorded at Insurance value determined when the property was donated by Grace
Baptist Mi55ion on l January 2015 with subsequent additions recorded at COSt. No depreciation is provided on
freehold premises since the trustees consider that the residual values are so high that their depreciation is
insignificant. The property ha5 been reviewed for impairment with no adjustments deemed necessary.
Depreciation is provided on all other ta ngible fixed assets at the following rates per annum 50 as to write off
each asset over its estimated useful working life:
Computer and equipment- 33% straight line
Other equipment- 20% straight line
i) Expenses of trustees
Trustee5 are reimbursed necessarily-incurred expenses. These are included in the appropriate category 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.
k} 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 reflects 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 Creditors
Creditors and provisions are recognised where the Charity has a present obligation resulting from a past event
that will probably result in the tra nsfer of funds to a third pa rty 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
G race Baptist Mission CIO is a registered charity and no tax is payable on its net incoming resources.
n) Going Concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity
has adequate resources to continue in operational existence for the foreseeable future. Thus, the trustees
contintje to adopt the going concern basis of accounting in preparing the financial statements.
17

Grace Baptist Mission CIO
Notes to the financial statements year ended 31 December 2024 (continued)
2024
Restricted
Fund
2024
General
Fund
2024
Designated
Fund
2024
Total
Funds
2023
Total
Funds
Notes
2 Voluntary income
Donation (Church and Personall
Income tax recovered on
donations
Special offerings
Deputation
Legacies
Relief and refugee gifts
Missionary Conference
Special Projects
78,771
233,573
597,633
909,977
809,844
11,845
4,891
16,736
16,000
14,990
5,351
43,955
14,990
5,351
43,955
39,492
12,481
6, 753
588, 769
113,176
39,492
10,683
10,683
14,205
128,946
309,714
602,524
1,041,184
1,561.228
Incoming resources from
Charitable activities
Holiday conferences,
youth work etc.
Trading income
22,751
7,645
7,645
9,280
7,645
7,645
32,031
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 project5
Governance costs
Improvement to properties
81,322
330,370
48,235
42,549
561,399
973,091
48,235
42,549
39,492
814,489
49,213
30, 794
107,783
39,492
23,590
7.961
7,961
12,061
3,634
16,925
5,544
12,061
3,634
128,775
436,849
561,399
1,127,023
1,048,338
Support costs have been included within the costs of charitable activities. Office costs that do not relate directly to
charitable expenditure are further analysed in note 6 below.

Grace Baptist Mission CIO
Notes to the financial statements for year ended 31 December 2024 (continued)
2024
Restricted
Fund
2024
General
Fund
2024
Designated
Fund
2024
Total
Funds
2023
Total
Funds
5 Church relations
Publication5 and publicity
Deputation
Annual meetings
Special event5
24,309
6,624
17,302
24,309
6,624
17,302
26,207
6,503
16,503
48,235
48,235
49,213
General
Support
Governance
Costs
Total
2024
Total
2023
Analysis of governance and
support costs
Equipment
Property expenses
General administration cost
Audit fees
Mission council
13,371
16,648
12,530
13,371
16,648
12,530
7,400
4,661
4,659
14,893
10,652
3,300
2,244
7,400
4,661
42,549
12,061
54.610
35,748
Staff costs
Wages and salaries
Social security costs
Pension costs
299,345
22,839
22,803
251, 637
17,839
21,840
344,987
291,316
Number
li
Number
io
Average monthly number of employees
Staff data relates to all workers based in the U.K.
Full time staff are 7 and part time staff are 412023: 6 and 41.
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 £60,00012023: 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 £143,32012023-
£131,700}.
8 Trustees, expenses
Travel and subsistence expenses of £1,113 {2023.. £7151 were paid to 412023: 41 trustees to enable them to attend
meetings and generally carry out their governance responsibilities.
19

Grace Baptist Mission CIO
Notes to the financial statements for year ended 31 December 2024 (continued)
9 Tangible fixed assets
Freehold
Property
Equipment
Total
Cost
At l January 2024
Additions
Disposals
1,185,000
63,465
42,970
719
1,227,970
64,184
At 31 December 2024
1,248,465
43,689
1,292,154
Depreciation
At ljanuary 2024
Charge forthe year
Disp05als
15,769
9,899
15,769
9,899
At 31 December 2024
25,668
25,668
Net book values
At 31 December 2024
1,248,465
18,021
1,266,486
At 31 December 2023
1,185,000
27,201
1,212,201
Freehold premises are recorded at insurance value determined when the property was donated by Grace
Baptist Mission on l January 2015 with subsequent additions recorded at cost. All fixed assets are used for
direct charitable purposes.
The freehold property comprises of an off ice and two residential houses with additions in the year being the
development of an additional flat within the existing buildings.
2024
2023
io
Debtors
Prepayments
Other debtors
47,804
14,343
47,193
26,035
62,147
73,228
li
Creditors: Amounts falling due within one year
Trade creditors
Loans repayable on demand
Taxation and social security costs
Deferred income
107,124
8,000
6,464
103,492
8,000
6,289
121,588
117,781
20

Grace Baptist Mission CIO
Notes to the financial statements for the year ended 31 December 2024 (continued)
Balance I
January
2024
Incoming
Resources
Outgoing
Resources
Balance 31
December
2024
12
Unrestricted funds
General
2,248,586
362,143
436,849
2,173,880
Designated
573,563
602,524
561,399
614,688
2,822,149
964,667
998,248
2,788,568
13 Restricted funds
The Mission has four restricted funds. The missionaries and mission projects fund holds the money designated
by the donor for a specific missionary or area of work. The relief and refugee fund holds money specifically
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 created, 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
2024
Balance 31
December
2024
Incoming
Resources
Outgoing
Resources
Restricted funds
Missionaries and mission projects
Relief and refugee
Missionary Conference
Special Projects
41,874
236
78,771
39,492
81,322
39,492
39,323
236
{1,7291
10,683
7,961
993
40,381
128,946
128,975
40,552
Tangible Fixed
Assets
Net Current
Assets
Total
14 Analysis of net assets between funds
Restricted funds
Designated funds
Unrestricted funds
40,552
614,688
907.394
40,552
614,688
2,173,880
1,266,486
1,266,486
1,562,634
2,829,120
21

Grace Baptist Mission CIO
Notes to the financial statements for the year ended 31 December 2024 (continued)
15
Commitments
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 2024 amounted to £44,14312023: £40,443).
Leasing commitments
At 31 December 2024 the Mission had annual commitments of £10,168 under operating leases which expire a5
follows:
2024
2023
Leases expiring within one year
Leases expiring within two to five years
Leases expiring within six to ten years
2,976
7,192
2,976
10,168
10,168
13,144
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 charity totalled £2,218 (2023: £6,640}.
22

12 Abbey Close, Abingdon, OX14 3JD
Tel: 01235520147
Fax: 01235559796
infodesk@ bm.or
Registered Charity 1157506
GRACE BAPTIST
MISSION