2022-04-05-accounts

Objectiv	es and Activiti	es	es
		SORP rafaranca
Summary	ofthe purposes of			The pdncipal object ofthe charity is the
the charity as set out in its				advancement ofthe Christian faith according to
governing	document			Baptist principles and in accordance with the Basis ofFaith. The charity may also carry out
				other charitable purposes in the United
				KIn dom snd/or other arts ofthe world.
Summary activities	ofthe main in relation to those	Para 1.1e	1 17and	The Church conducts regular Sunday services ofpubic worship. occasional special services,
purposes for the public benefit, in particular, the activities, projects or services identified in the accounts.				outreach activities to the community, prayer meetings, youlh meetings. Activities are conducted under the direction ofthe church leadership and in accordance with the Constitution and the Rules and Regulations.
Statement	confirming	Para	1.1a	When planning Its activities for the year, the
whether the trustees have				church members, leaders and trustees have
had regard to the guidance issued by the Charity Commission on public benefit				considered the Commission's guidance on public benefit end. In particular, the specie guidance on chsrldes for lhe advancement of religion.
dditional	information (optional)
ou ma choose to include further statements				where relevant about:
			SORP
			fa/alanna
				nil report
			Para 1.38
Policy on	grant making
				nil report
			Para 1.38
Policy on	social investment
including	program related
investment
				The work ofthe charity is signNcantly enabled
Contribution made by volunteers			Para 1.38	by the voluntary work ofchurch members and adherents.

					nil report
Other
chieve	men	ts	and Performance
				SORP relerence
					During the course ofthe year, Grace Baptist
					Church Portsmouth has:
Summary ofthe main achievements ofthe charity, identifying the difference the charity's work has made to the circumstances of its beneficiaries and any wtder				Para 1ac	1. Provided two pubfic services of Christian worship every Sunday ofthe year. 2. Provided a weekly prayer meefing and Bible Study. 3. Held ad hoc meetings for mission support. 4. Initiated and sustained aweekly prayer
benefits to society as a					meeting for Ihe persecuted and suffering
whole.					church worldwide.
					5. Advanced the Christian faith by
					preaching at public services and by the
					Pastor's one-to~a studies for those
					approaching baptism orconsidering Christian
					commitment.
					6. Nurtured believers in Chrlsfian conduct,
					conversation and character at periodic
					meetings. 7. Supported Christian evangelical
					missionary work at home and abroad by
					finandal donations and prayer.
					8. Managed on-site and online meetings
					compliant with the Government's Covid rules
					and guidance, ensured safety ofafi, utilised a
					communications strategy, conducted regular
					risk assessments end published the plan on the
					website.
					9. Maintained the premises ofthe church
					in proper and fit condition, end continued with
					detailed consultations within the church on e
					project of improvements end renovations.
					10. Structured youth ministry has been
					placed in abeyance pending a strategy review.
					11. Website, broadcasting online and
					digital piano improvements have enhanced
					church minis

ou ma choos	e to Include	further statements wher	e relevant aboul	:
				nfi report
Achievements	against objectives set		Para 1.41
				nil report
Performance objectives set	offundraising	activities against	Para 1.41

Financial Review	Financial Review	Financial Review	Financial Review	Financial Review	Financial Review
Review ofthe charity's									Para 1.21	A 633Klegacy explains the rough in-year
financial position at ofthe period					the		end			increase in income compared to the previous FY. Leaving toone side legacy income and non-expense outgoings such as newly invested
										monies, the church's income over expenditure
										is a litUe under ESK.Indude legacy income and
										nonwxpense outgoings the I/E picture is
										approx. K93K/KT/K. This isa sound position
										fora small church, using its income well against
										aU necessary expenses and commitments. The
										church remains a small financial operation and
										its healthy reserves shield it from potenusl
										declines in income.
Statement		explaining				the			Para 1.22	The Church aims to maintain a reserve of12
policy for holding reserves stating why they are held										months' total expenditure judged by an average annual I/E statement. Reserves are to enable the Church to operate from a position of
										resilience where over 80'ya ofthe expenditure	is
										committed to pastoral stipend and missionary
										giving, and to allow for fluctuations in gifts and
										offerings, as well as contingencies connected	to
										buildin mana ement and maintenance.
Amount	of	reserves			held				Para 1.22	The church holds approx. E144,000 in reserves,
										because there is a planned building project to
										deliver without laking loans. Whilst currently	in
										abeyance pending a strategic review ofchurch
										operations, the building project remains a
										rlori concern.
Reasons	for		holding		zero				Para 122
reserves
Details of fund materially								in	Para 1.24
deficit
Explanation			ofany						Para 123	n/a
uncertainties			about		the
charity continuing				as		a going
concern
Additional		information					(optional)
You ma	choose to			include				furth	er statements	where relevant about
										Tithes and offerings from members and
										adherenls, and Gilt Aid.
The charity's principal sources offunds (including									Pars 1.47
any fundraising)
										Funds are invested on behalf ofthe church by
										ChrisUan charilies / companies competent to	do
										So.

Investment	policy and	policy and	policy and	Para 1.46
objectWes	including		any
social investment policy
adopted
					nil report
A description		ofthe	principal	Para 1.46
risks facing		the charity
					nil report
Other

tructure, Governance	and Man	agement
Description ofcharity's
trusts:
Type of governing document	Para 1.25	Constitution, Regulations	supported		by Rules and
How is the charity		Unincorporated		Association
constituted?
Trustee selection methods	Para 1.25	Trustees are	selected by members			at the AGM
including details ofany constitutional provisions e.g.		under a process and Regulations.		set out in the church Rules
election to post or name of
any person or body entitled
to appoint one or more
trustees

				nil report
Policies adopted	and procedures for the induction		Para 1.51
and training oftrustees
				nil report
The charity's structure and		organisational any wider	Para 1.51
network	with	which the
charity works
				nil report
Relationship		with any related	Para 151
parties
				nil report
Other

				~	~	~				~ ~		~	~ ~
									Unrestricted			Restncted		Endowment
			Details							funds			funds	funds
									to	nearest 6		to	nearest 6	to nearest 6
B1Cash funds			HSBC Bank	Account						83,987
			Graoc Baptist Charities							60,208
				Total		cash		funds
			(eoree balcccm wdh recaplv				acd permerdd
								scccum(s))	'grcomqni, Eno'		CK			'D)f
									Unrestricted		Restricted			Endowment
										funds			funds	funds
			Details						to	nearest 6	to		nearest 6	to naareat 6
B2Other monetary assets
B3Investment	assets		Details COLA (COIF) Growth		fund				Fund to which asset below 4 43,983		Cost (optional)			Current value 0 iional
			Saraaip Growth shares							19,488
B4Assets retained for		the	Details						Fund to which asset beloo 4		Cost		(optional)	Current value 0 iooal
charity's own use
BSLiabilities			Details .						Fund liabili	io which relates	Amount due o tlohal			When due o ooal
Signed by one or hvo trustees behalf of all the lruateea		on		Signature						Print	Name			Date of
														a roval
CCXX R2 accounts (SS)							2							01/06/2022