Rqlstered Charfty Number. 1192822 {En￿and and W#le51
GRACE CHURCH BATH
(A Charitsble Incorporated Organlsatlon)
Annual Report of the Trustees and
Unaudited Financial Statements
for the year ended 31 December 2024
Independent Examlner:
Mr L Whatllng
11 Orchard Close
St. Ippolytes
Hltchln
SG4 7RH

GRACE CHURCH BATH
(A Charitable Incorporated Organlsatlon)
CONTENTS OF THE ANNUAL REpoKfoF THE TRusfEESAND UNAUDfTED FINANCIAL sfATEMENfs FOR
THE YEAR ENDED 31 December 2024
Page
Reference and adminlstratjve Information
Report of the Trustees
Statement of Trustees, Responsibilities
Independent Examinerfs Report
Ststement of Financial Attivities
io
Balance Sheet
li
Notes to the Financial Statements
12-24
Page I

GRACE CHURCH BATH
(A Charitable Incorporated Organisation)
REFERENCE AND ADMINISTRATIVE INFORMATION
CHARrri NAME
Grace Church Bath
REGisfERED CHARITY NUMBER
1192822 (England and Wales)
PRINCIPALA14D REGlSfERED OFFICE
Emmanuel Chur¢h
Apsley Road
Bath
BAI 3LP
TrUSTEES
Trustees who have served at any time from the beginning of the accounting period until the date th
report approved are:
Miss Amy Cousley lappointed 18 July 20241
Mr Michael Craine- Lay Reader
Revd. Michael Farrier- Intumbent
Mr Bruce Gardiner (appointed 18 July 20241
Dr Gaston King
Mr Vighnesh Padiachy, Chalrrnan
Mr Kevin Purkiss
Miss Anna Rew Iresi8ned 17 June 20241
Mrs Rachel Seaborne
Miss Shona Stewart (appointed 18 July 2024)
MEMBERS
In aecordance with the constitution of the Charitsble Incorporated Organisation, the members of the CIO
shall.be its charity trustees, who are the only persons eli8ible to be members.
Page 2

GRACE CHURCH BATH
(A Charitable Incorporated Organisatlon)
REFERENCE AND ADMINISTRATIVE INFORMATION ICONfD)
MINisfRY LEADERSHIP TEAM
Those serving on the mlnlstry leadership team at any time frorn the beginning of the accounting period
until the date this report was approved are:
Mr Andrew Close (from 23 May 2024; reslgned 4 Marth 20251
Mrs Joy Craine- Elder
Revd. Michael Farrier- Pastor and Elder, Chairnian
Mr Bertie Kennedy- Elder
Mr Jonathan Salisbury (from 14 July 20251
Revd. Francesca Youings
Mrs Gillian Jordan
&4NKERS
Natwest
24-25 Stall Street
Bath
BAI IQF
INDEPENDENT EXAMINER
Mr Lewis Whatling
11 Orchard Close
St. Ippolytes
Hitchin
SG4 7RH
Page 3

GRACE CHURCH BATH
(A Charitable Incorporated Organisation)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 December 2024
The trustees present their annual report with the financial ststements of the charity for the year ended 31
December 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities:
Statement of Recommended Practice applicable to chartties preparing their accounts in accordance with
the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102, effective l January
20151.
The constitution of the Charitable Incorporated Organisation, dated 7 October 2020. was amended and
approved by the Charity Commission on 13 December 2020. Grace Church Bath became a registered
charity on 16 December 2020 (Registered Charity Number 1192822, Charity Commission for England and
Wales).
AIMS AND PURPOSES
The objects of Grace Church Bath, Charitable Incorporated Organisation, as approved by the Charity
Commission. are to advance the Christian faith in the Bath Deanery of the Church of England, Diocese of
Bath and Wells, as the trustees may from tirne to time think fit including through providing service5 for
prayer and worship and pastoral care and outreach into the community-
OBJEcfivES AND AC￿V￿lEs
Grace Church Bath Is a Mission Initiative, endorsed and provided for under a Bishop's Mission Order dated
9 February 2021. The order VRS made by the Bishop ofthe Diocese of Bath and Wells under part 7 ofthe
Mission and Pastoral Measure 2011. The objertives of the Mission Initiative are to prornote the Christian
faith and the common g¢)od. and to plant a new church community initially specifleally foeused on families
and others who are imparted by Sunday morning sports, or for whom an afternoon expression of worship
Is more appropriate.
CLERGY
Revd. Michael Farrier is the leader of the mission initiative in accordance with the Bishop's Mission Order.
He has been in post as Priest-in-charge of Emmanuel Church, St Nicholas Church Kelston and Grace Church
Bath slnce his licensing in February 2020.
The Bishop'5 Mission Order a150 names the visitor of the mi55ion initiative as the Ven Dr Adrian YouirYdS,
who was the Archdeacon of Bath until 17 June 2024. The Revd. Charlie Peer took on this role of visitor
when he became the new Archdeacon of Bath in September 2024. The role of the visitor is to carry out the
functions specified in section 81 of the Mission and Pastoral Measure 2011.
WORSHIP AND SPIRITUAL LIFE
Grace Church Bath has continued to serve our mission aim of rea¢hin8 the sports community of Bath with
the gospel and being a church family to those for whom 4p.m. makes belonging to a church possible. This
is in Ilne wlth our Bishops Mission Order.
Our commitment to the authority of Scripture in all matter5 of Ilfe and faith shapes all that we do. This
year our all-age teaching series focused on I Corinthians, Nehemiah, and a topical series on Christian hope
Page 4

GRACE CHURCH BATH
(A Charitable Incorporated Organisation)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 December 2024 (convd)
WORSHIP ANO SPIRITUAL UFE IcoKfDI
called 'Hope Chan8es Everything,. The Corinthians series enabled us to address some of the theolo8ical
disputes that exist within every church and highlighted our commitment to tsckle difficult subjects together
and learn how to disagree well. In Nehemiah we reminded ourselves of remaining 'hyper-focused' on the
particular work that God has called us to. Our series in hope helped us to lift our eyes from all aspects of
life on earth to see the confidence that we have in our Lord Jesus.
In the summer we enjoyed 'Son-Bathin¢ as we spent slx weeks looking closely at the person and work of
our Saviour. At Christmas we explored the question What do you want for Christrnas?,, discoverin8
tO8ether that every longing we have is finally and fully satisfied in the gift of the baby in the rnanger.
With 'serving those who play sport on a Sundarf as our focus, we recognised that at time5 even 4p.m. can
create a conflict with fixtures. We experimented with The Warm-up, as an 8.15a.m. offering for people
who wanted to stay connected with the Grace Church family on Sundays when they would not be able to
get along at 4. We trialled this for three Months and, whilst warmly appreciated by those of us who
attended, it was deemed to be unsustainable. Among other things. this demonstrated our ststed desire to
be a church that enjoys the freedom to try new things outl
A highlight of the year was bèptising six adults in a special service in May. In addition, our'Away Fixture, at
Oldfield Rugby Club in August and our various Christmas services (including a Christin8le and a Carols
Service) enabled us to welcome manyguests and visitors through our doors.
'Sparks', for children In Reception to sch(x>l year 6, and ?-Up', for children in school year 7 and upward5.
were a core offering to serve the younger members of our church family. These regular group5 provided
fun and fellowship for Grace Church family and their friends. In addition. the haTd work of many volunteers
provided the Sunday teaching and hot meals that serve our children so well.
Once again, the women in our church family enjoyed a day of fellowship and teaching in March. We said
farewell to our student leavers with a 88Q at the Vicarage in May. and we enjoyed a church family summer
BBQ with food and games at the home of one of our members. In addition, trips to the Virtoria Kitchen
Pub became an established way to continue our fellowship together after the Sunday gathering at Grace
Church.
The number of committed regular worshippers at Grace Church Bath as at Febn￿ry 2024 was 10312023:
861- Of these regular Y￿rshiPpers, 38 were students12023= 39).
CHURCH BUILDINGS
Grace Church Bath does not own or manage any buildings. but continues to be a tenant at St. John's. Lower
Weston. providing a weekly Christian witness in a church where there is othepwi5e no ongoing worship.
We are grateful to God for the provision of this opportunity.
PAsfoRAL CARE
A total of 6 people lall adults) were baptised during the year. The Bishop's Mission Order does not
authorise the solemni5ation of marriage.
Page 5

GRACE CHURCH BATH
(A Charitable Incorporated Organisation)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 December 2024 (convd)
MI5510N AND EVANGEUSM
Having estsblished our priority, to focus on meeting people on their turf more than on ours. it has been
great to see an increase in outreach that is generally more 'out' than 'in'. The growth of sports and leisure-
related group5 has played a significant role in thi5. This ha5 principally been through the GCB Padel Group,
with this acting as a blueprint for other groups now beginning to emerge.
Our flagship Christmas servlce. 'Carols at the Rec,. saw over 2.000 attendees come and hear a clear gospel
presentation in the heart of the city on Ilth December. This was hosted iointly with Widcombe Baptist
Church, who had also partnered with us in holdinganother Roots of Jaiz event in April. Theyear had
started with an Alpha Course vthich. despite a limited uptske, ¥fdS a valuable time ft>r those who tske part.
The inaugural 'Holiday 8ible Club, was hugely successful in gr¥in8 our children an opportunity to invite
friends. which they didl Well organi5ed and 5UPPOrted by a swell of volunteers, our prayer is that thls
outreach event wlll now become estsblished and grow as an annual offering to our young people.
Other evangelistic opportunities included the Chri5tma5 Wreath-making, event, the Family Fun Day on
13th July. and a Padel Day in May.
FINANCIAL REVIEW
Totsl incoming resources for the year were £129,43212023.. £124,498) of which £19.129 v￿$ restricted for
the purposes of funding admin hours or renovations to the building of St. John'5 where Grace Church Bath
meets. £85,434 was unrestricted voluntsry donation5, mainly regular giving by dirert payment to the bank
account. £17,544 was from Gift Aid on those amounts, £4.304 was interest received, £1,966 comprised
payments received in respect of Inon-fundraisingl evangelistic church events and £2,702 was other income
mainly relating to costs shared with other ¢hurche5.
In 2024, the amount of voluntsry income (excluding grants) given by trustees. including Gift Aid tax
recoverable, was £27,705 or 24% of the totsl amount given {2023: £39.301- 35%).
Expenditure comprises mainly salaries, Diocesan parish share. running costs, mission and evangelism costs,
missionary giving and ministry trainee bursaries.
At the end of the year, reserves stand at £174,728 of which £138,535 is unrestricted funds12023: £164,207,
of which £101,357 was unrestrirted funds). Unrestricted reserves are significantly higher than the three
months of unrestricted payments required by the reserves policy {see below). It is foreseen that these will
reduce significantly over the course of the next few years with increasing min15try and building costs.
RESERVES POUCY
The trustees. policy on reserves is to try to ensure that income exceeds expenditure in any given year and
unrestricted funds are maintained at a level that allows the trustees to tske action in the event of a
cessation of a major part of its voluntary income. In particular, they aim to mèintsin a balance on free
reserves which equates to at least three months of unrestricted payments. in order to be able to smooth
out fluctuations in cash flow and to meet emergencies.
Page 6

GRACE CHURCH BATH
(A Charitable Incorporated Organisation)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 December 2024 (convd)
DEANERY SYNOD
Two members of the mlssion initiatFve sit on the Deanery Synod fof the year. This provldes the church with
an importsnt link to the wider structures of the Deènery and Diocese.
srRucfuRE. GOVERNANCE AND MANAGEMEffr
Grace Church Bath is a charity, registered with the Charity Commission in England and Wales. The method
of appointment of trustees is set out in its constitution. the Constitution of a Charitable Incorporèted
Organisation vthose onty voting members are its charity trustee5.
Trustees are responsible for making decisions on all matter5 Of 8enLYal concern and importance to the
charity including deciding on how the funds of the charity are to be spent. The trustees delegate much of
the responsibility for the day-to-day running of the church to the Ministry Leadership Team. Their decision-
making is also informed by the Finance and Resources Team, includin8 the Treasurer.
Trustees met 5 times during the period with an average attendance of 76
All those who attend our services are encouraged to register on the Mission Initiative Roll of Grace Church
Bath.
STAFF AND VOLUNTEERS
As ever. the volunteers who serve 50 generously and regularly at Grace Church enable everything included
in this report to happen. and so much rnore. Our understanding of our dependency upon God is often
expressed through our willingne55 to Serve Him as we serve one another.
We are also very grateful for the hard work and dedication of all our stsff team, who give such energy and
effort above and beyond their'hours,. Amy Cousley's support and development of our children and youth
ministry during her university placement and Eadaoin McAlea's cornmrtment as our MinistryTrainee,
across creche, children's work and much more, have been incredibly valuable to our gospel ministry. We
were a150 delighted to appoint Sam Eaton ès our part-time Operations Manager and his contribution to the
development of Grace Church Bath has already been immense.
RISK MANAGEMENT
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure
appropriate controls are in place to provide reasonable assurance against fraud and error.
The Report of the Trustees was approved by order of the Board of Trustees on 2 (ktober 2025 ond signed
on its behalf by:
Mr Vighnesh Padiach
Chairman
Page 7

GRACE CHURCH BATH
(A Charitable Incorporated Organisation)
STATEMENT OF TRUSTEES, RESPONSIBILITIES
The trustees are responsible for preparing the Report of the Trustees and the financial statements in
accordance with appli¢able law and United Kingdom Acwunting Standards (United Kin8dom Generally
Accepted Accounting Practice).
The law applicable to charities in England and Wales, the Charities Aet 2011, Charity {Accounts and Reports)
Regulations 2r￿ and the provisions of the Church Accounting Regulations 2006 require the trustees to
prepare financial statements for each financial year which give a true and fair view of the stste of affairs of
the charity and of the incoming resource5 and application of resources, including the income and
expenditure, of the charity for that period. In preparing those financial staternents, the trustees are
confident that they have:
Sel￿ted suitable accounting policies and then applied them consistently:
- observed the methods and principles in the Charity SORP:
- made judgements and estimates that are reasonable and prudent: and
- prepared the financial ststements on the going concern bas￿ unless it 45 inappropriate to presume that
the charity will continue in busine5S.
The tru5tee5 are responsible for keepin8 proper accounting records which disclose wtth 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, the Charity (Accounts and Reports) Regulations 21))8 and
the provisions of the Church Accounting Re8ulation5 2006. They are also responsible for safeguarding the
assets of the charity and hence for tsking reasonable steps for the prevention and detection of fraud and
other irregularities.
Approved by order of the Board of Trustees on 2 Ottober 2025 and Signed on its behalf by:
Mr Vighnesh Padiachy- Chairman
Page 8

GRACE CHURCH BATH
(A Charitable Incorporated Organisation)
INDEPENDENT EXAMINEWS REPORT to the Trustees of Grace Church Bath on the
accounts for the year ended 31 December 2024
Respectlve responslbilitles of the Trustees and the examlner
The charity trustees are responsible for the preparation of the accounts. The charitvs trustees consider
that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and
that an independent examination is needed.
It is my responsibility:
to examine the accounts under section 145 of the Charities Act;
to follow the procedures laid down in the general Directions given by the Charity Commission
(under section 14515llb) of the Charities Act}: and
to state whether particular matters have Corne to my attention.
Basis of independent examlnerfs statement
My examination wa5 carried out in accordance with the general Directions given by the Charity
Commission. An examination includes a review of the accountin8 record5 kept by the charity and
¢omparison of the accounts presented with those records. It also includes consideration of any unusual
items or disclosures in the accounts, and seeking explanations frorn the trustees as concerning any such
matters. The procedures undertaken do not provide all the evidence that would be required in an audi¢
and consequently no opinion is given as to whether the accounts present a 'true and fairf view and the
report is Simited to those matter5 set out in the 5tstement below.
Independent examinerfs ststement
In connection with my examination, no rnatter has come to my attention:
which gives me reasonable cause to belleve that in any material respect the requirements:
to keep accounting records in accordance with section 130 of the Charities Act- and
to prepare accounts which accord with the accounting records and comply with the at￿Unting
Tequirements of the Charities Act
have not been met: or
2. to which. in my opinion. attention should be drawn in order to enable a proper understsnding
of the accounts to be reached.
Signature
Date
71q/2015
Name
Mr Lewis Whatling
Relevant professional qualifications or body lif any):
ACCA
Address
11 Orchard Close. SL Ippolytes, Hitchin SG4 7RH
Page 9

GRACE CHURCH BATH
IA Charltabk Incorporated Organlsall•)n)
Stat¢m¢nt ol Flnan¢lal Actmtlu lorthe y•ar ended 31 December 2024
TOTAL
Fur
Fund•
Fur
31.1224
31.1223
Nt*• 10
INCOMING RESCWRCES
Vduntsry incun
102,978
17.4V2
120.480
If8,V29
IwlU•s for genwauw bjnds
InMm8 from invethn*
2b
1657
1,647
Ine•m• fr•Tn thurth 4(thifj
2.370
2d
2,702
171r2
3,199
TOTAL INCOMINO RE80URCES
110J)3
19.12•
129.432
RVJOURCES EXPEPIDED
Exp•nd1tur•￿.
Raisiw fund•
128
chU￿h •¢*MY
74,085
114783
84,713
othwèwdhure
TOTAL RESOURCES EXPENDED
742tl
7WJ
64736
NET INCOMINO RE80URCE8
(2S.$711
lo￿21
89.762
11.wl
NET MOVEMENT IN FUNDS
37.178
128.8S71
10Xq
Rocondllatlon of funds:
Totsl fund• brougm forn•rd
101JST
T4ts1 fund• forwwd
131,535
30.1•3
174rn1
flqurn• forth• Indmdual funds •w• I1￿￿￿ Ih Nfth 10t• 12 Inelu•l¥
Pog• IO

GRACE CHURCH BATH
(A Charltablo Incorporatfjd Organlsatlon)
Balance 8hoet a• at 31 Decamber 2024
31.12.24
31.1124
31.12.r8
31.1223
T•ryJ1￿e r￿j a••ets
lftve&trnents
CUIIREvf ASSETS
24,037
23,675
C88h at bank8ThJ In haThJ
161.n4
159,826
183.T11
UABJLMES
JI￿rrtaIaIIIlvJ du8
cne year
15.
2&863
NEf CURRENT ASSETS
170.275
15r,038
174.rn
164W7
FIJNDS
138.535
101,3S7
,193
TOTAL FUNDS
174,728
164207
ved ty the TvAteeBon 2 Oct¢Jbw2025, and gyned on it¥ behaw by.
MrWJhn¢th P•Jlaehy IChalm)aAI
Gllllan Jordan (Traawrer I
P4e 11

GRACE CHURCH BATH
(A Charlt•blo Incorporatod Organl•atlon)
Nots• to the Flnanclal Ststwnenls forthe year ended 31 Docember 2024
1 ACCOUNTING POLfciES
Th* ffnan¢4al &t*amants t*en weFor*J In acCOrdar￿ with FRS1W2.
The ffnancfjal 8t8tsmerts ha￿ k¥epgr•J ur*Jerthe hthrical ciyl £*xNenbon ex¢rf* fortt* ￿lu400ft ol
inbwtinert a8Bets Iilznyl, whth are Sh￿ at markrtw4lue. The finandal thtemeftts Indude all transact￿5. aTrJ
lIa￿l￿e5 lorvthi¢J) the eharlty kn resw)nsltle in law. They do not Indude the accounts of thurch gr￿F￿that their
m•n affillation to another b)ty. rvx thc4e that are Informal gathellrvJ8 of church membe¢B.
Thè nn8n¢lal &atements ha%* been FO￿r￿j on the goi￿ te¢￿ern 8TrJlhe TnAee•qr• w*Fre of afty
r¥awn¥ thi& v4 not aWic*No.
The È*arlty b a Put41c Benefft Erty.
Fund• {R•Mpm)
g￿nedY manooement aecountsknthich én8L4e thèm totrad( expeThYttura ver8Us inwme rece￿￿. The charty ai
In Bny one yeaT not to have expenditure exce8diNd Income. tt ako 81ryoto have unrestriGtsJ fvrth at a th*
alhm the Tru8t8es to take action In the event of a ceusthn of a Maj￿ of ts Vduntary Income.
on tho wfl¢ ¢bJ"ocl or puFpt*• f¢r whKh they￿reg￿n. Any b8lanc• Fernairrtrva urwnl atlh• •nd of •ach y•ar
l& carried foThvard as a bo18nce on that fund. The thanty doe5 not inve* sep4rately fer each fuTrl In the e¥ent Ihat
En¢hj*TrM￿tFIu￿ reKYwentth)na14otK re¢eNed by vtay of an erK1trwment. These rnyht be erther pe[manenter￿0￿Tr￿,
ere the ca￿1 mLMt be hebj permanently bythe chanty tmjtthe income a[￿r$ can be asthe gees
•xp•ndablo •ndrth￿•nt4 ￿•r0 Loth th• ¢aF¥tal and th• inMm8 wed by tho ¢h•rity fw ￿ wrp)M
In¢omlng R•8oufC•S
Planned g￿lr￿J, collect%Th aTra donatiorrt ar* r¢(a%tsJ.
Tax refunds are rectgn￿ed when due.
Gr8nts are acLwnted for whenthe theiity Wlty enUtyt•Y ttsthe •mwnts d￿.
Interest IS 4x¥ued
L￿deS are taken Into accountwhen rece￿￿.
Obler Income r8 reccgnwl when it Y6 roceivatl•.
AJI in¢¢ming r¢•¢ur¢w ai• •c02unted forg¥c48.
R••ovr¢•• Exp•nd•d
Grants aTrJ donatkrrf are acfthjrthd forwthen ￿￿] o¥er or wknen
The Dioc*n ￿rtsh $ha￿ k* accounted for%then due.
l Other eX￿rtUre ￿generally fecoanvL&J ￿ it ￿ inr#j￿8d.
P•Je 12

GRACE CHURCH BATH
(A Charltabl• Incorporated Organlsatlon)
Notes to the Flnancl•l Ststemonts for tho year frndod 31 DKombor 20241contlnuod)
1 ACCOUNTING POLtClES Ic4mfdl
Flx•d AM•ts
Èquirthent and furniture t#xyht and bythÈ charty are dtswe&a￿ on a **ht41ne ba81& overfoufyear8
leroverthree years in the c88e ol music, 8￿J10V￿aI aTrJ IT equi￿ent aThl years In the ca88 of rnotile ￿one81.
ex¢ek*wher* Ihe charity has plan5 to of an asset earfierthan exFect&J or before the end ofthe assets eadk?r
e8ts"mated Ilfe When thlg ts the ¢xe. the astet ts ￿Illen do￿ to ts net reaitsat4e val￿.
Indmdual a pJrth08t FYi¢¢ of than £250 are ￿Itten ¢iff
Investme￿ Irf anyl are valued al marketvalue at tha ervj of the acwJntirvJ pencd
P•ae13

GRACE CHURCH BATH
(A Charltabl• Incorpor&tod Organlsatlon)
Nots8 to tho Flnan¢lal Statfrmonts forthe year frnded 31 DKember 2024 {¢1)ntlnued)
TOTAL
TOTAL
31.12.23
FuThY*
31.12.24
t•lO
Ncts11
2 INCOMING FUNDS
21 Vduntary Income
Planned gthrvd".
GThl Ak1ed donatio
67.107
17.544
17.407
67,107
17.544
17.407
$7,311
15.448
12.680
Tax re¢¥J¥eraN¢
Other
Collec*¢rts and Sumup
Gbft day8 lin¢ Glft Akj Q4751
Grants
Donation8. apFeab atc.
CollectrorB for (note 121
Legacie
12.402
11482
24.590
345
1019n
17.482
t20￿80
110.929
2b In¢mlrom In¥ulmants:
Èvonts InofvfuThJra*l
1702
3.199
TOTAL INCOMING FUNDS
110X3
19.12
129N32
124496
3 FUNDS EXPENDED
J• Ralblnq lund
126
128
3b Church xllvltl•¥
Mwionary & Char￿a￿e g￿r￿a
Dlc*eson parth shore
SaL8rf¢s, w488 & honorar58
Clergy & Dtalf eypenseu
M￿On & evangel￿ ccdB
Church runnlng & malrrtenanc•
Ccols of trading
Maj¢Yr reFalr8 to church tyJlkJlThJ
tyepreaation of churth WUlF￿ent
Mln* traIr￿ t￿[lane¥
8.543
17.648
54.587
4.126
6.776
14.CKJ3
2.490
942
17.648
10.811
4.126
6,Tl8
14.W3
2.4
43.7S
11,598
3,521
6.167
118.783
2,575
6.167
84.713
TOTAL FUNDS ÈXPENDED
74311
7ty)
110,M1
P•w 14

GRACE CHURCH BATH
IA Charltable Incoryborat¢d Organl•atlon)
Nots¥ to th• Flnanclal Statements forth• year ended 31 Decemb•r 2024 (contlnued)
Unresth(Atd
Funds
Re8lrifl¢d Endtyhinent
FuTrJ&
FuTra8
Trtal
4 TANGIBLE FIXED ￿SETs
at l January 2024
on8 at cost
11.417
1.405
611
12,211
11.417
Dw)Ba
at 31 Doe￿1￿*r 2024
611
12,211
DEPRECIAnON at 1 January 2W24
Charge for the year
4.848
3,521
611
7,758
3,521
611
7,758
al 31 Oeeemter 2024
NET BOOK VALUE
at 31 De¢ember2023
FtKed a886ts c4JmpTre ￿￿￿1C, 80und aTrJ audKwJal •]UiW6nt purch88•J fu durrfMJ ser¥ice4 8&**ll aB
a moble phor* for uue by the Pa*L¥.
31.12.24
31.12.23
S DEBTORS
Tax re¢oveFatAe
Prepayments and accru•J Ino)ma
lJherdetknr8
20.019
4,018
19.855
075
31.12.24
31.12.fJ
8 L￿BIL￿Es
Amounts falliry due in one year.
Accnjal fer mBwonary gmng to third Par￿08
SupO0rt fund Ire8trict&J fund¥- notes 8 8TrJ 111
Amourrt due to Bath WeFlon St John PCC Isee note 171
other ¢y*Jttors an(1 a¢cruab
5,493
7,108
6.273
11.176
Ptye15

GRACE CHURCH BATH
(A Charltable Incofporated Organl•atlon)
Nots• to the Flnanclal Statemenls forthe ￿r •nd•d 31 Dec•fflb•r 2024 {¢ontlnu¢d)
7 FUNDS IRESERVESI
RESTRICTEO FUNDS
31 OeGOmber 2024. th• restrkted fuTrJ&
Mlnl•ty hours lund
During 20Z2. 0 grft day wds hekl forlhe ￿rP￿e of r*rvJ n￿le8t0 fuThJ mcfe mifft gFeuftafywlth a Vlew
to •rnptowNJ an knodate mIn￿ter. An aFwntment to Ihi8 ￿WaS made in 2023 the re51rided fiJrKts In th1& re&erye
are being ubl￿e4 accordingly. In ￿l￿on. anrtheTgift day wa5 in 2023 forthe ￿rF￿8 of Ta￿￿a monies lo bJTrJ
mlntsty hour4 With the fund8 bwrvJ athJ*J to ra4rict•J fuTrJ. Thegrft ¢Jay h&J ￿ 2024 nL* hekl ftsrth￿ purythe.
mln hC￿rn tund
Grantswere recerw*J duri￿ 2tr22. 2023 and 2tr24 Irorn St Hetents Chuf¢h, 8lshorwJate forthÈ Wfw8e offvndirvJ more
admini8tratNe hourB. There wa8 a myest increa5• in adMIn￿trat￿e hout6 exts*ng Fer8Mnd durirg 2W23 aTrJ
the restricted fund& in re8erwe ale Èeing ￿ed to fund the eth houNs No apwirthent of ath1thrsal peTronnel wa& rrtado
during 2023, t¥Jt an Operatwo Manager apwinted and started %wrk durwo 2024, the cc•t8 of whom are akn) t¢iT4
funded bythe grant Mon￿ in IhY8 fund unbl Ihey are lulty ublBed
Supportfund
The Grace Church kn•Jmhiptook th• in e*ty 20YJ tts ¢re*¢ a to WJFWrt Marr￿?0fthe L>xyregation
o have t¢•n imwthj bythe ¢￿t of uthis. created by aFpxh"oniTrJ oTh)thi￿ ofthe mwonary
fuThJ6 that had been accrued In resFeCt of2020f21. Dunr#J 2023 and 2W24, wme of the•e ha¥* be8n I
Ihk8 purp￿. indudiTrJ SUPF¢rting chikjren to atteTrJ ChI￿n 8umrnerc4mp
Bulldlng fund
A'bake4ff comFdlUon hell In churth In earfy 2023 wilh rawj lor fulure fer￿a￿01the St
Jildirs *there Grac* Churth Bath me*. In 2024. a ghft dayw￿ a*0 held forth* aTrJ the mon*6 a￿￿10
thi• restrffled fund.
ENDOWMENT FUNDS
There are no endtr*mientfundB.
Detai* ofthe nV•*ments kn th¢ unre•tJk*d rÈthctèJ aregNan 10 11.
ANALYSk8 OF NET ASSEfs BY FUND
Unre*icted
Fut*ts
Trtal
31.12.24
FuTrJ&
FuTrJs
TaTrJI￿e
4.453
Cuffent 08gets
a￿1￿88 fallir¥J due within one year
149,358
15.276
138.535
36.413
185,771
15.
174728
>J.193
g FINANCIAL Comm￿MENTs
There are no financ401 oJmrnthents• at 31 D*emL*r 3)2412023 £nHI.
P4e 16

GRACE CHURCH BATH
{A Charttable Incorporated Organl•adonl
Nots• to th• Flnan¢lal Statements for the year •nd•d 31 Doc•m￿r 2024 Iconttnu•d
10 UNftESTRICTEO FUNDS
Genéral
GtnÈr*l
31.12.23
31.12.24
INCOMING FUNDS
Voluntsry Incom•
PLqnngJ gMrvJ'.
Grft Athl donallo
Tax retr)Ver•￿e
other
67.107
17.544
17.407
ST,311
15,448
12680
Collectr)ro arx1 Sumup
GWid4
Grants
Donation$. apwab et¢.
Collecttora lor M￿01￿ (not¢ 121
Ltyaci85
102.m
730
irtere*t
1657
1370
3.199
TOTAL INCOMINQ FUNDS
110J)J
FUNDS EXPENDED
R•l•lng lund
17
74.085
49.561
TOTAL FUNDS ExpeNOED
74211
N6tgalNlc48881 on In¥ethents
NET INCOMINO FUNDS
42.n1
Tr•r6ferbetr4%en fv
NET MOVEMENT IN FUNDS
37,176
BaLqnce broWtffAward
101.357
57,754
138,555
101J57
Pape 17

GRACE CHURCH BATH
IA Ch•YltafAe In¢orporntod Organl•atlon)
Note• to the Flnan¢l•l Statements forthe year ended 31 Do¢ombor 20241¢ontlnued)
11 REsTR￿TED FUND8
Ministy hDU
Fund
Admin Iwr¥
Fund
8ur.wiry
Fund
Fund
31.12.24
31.12.ZJ
INCOMINO FUNOS
Voluntary IrKom•
•nn¢d gmnll".
Gift ￿d￿j donakn¥
Other
Coll•raions •nd ￿rnup
lsnc GThl *id Q.4751
12482
12.482
24,590
Grants
Donations, •pp•Jh etr.
Collect￿n8 for Mi8Éloni (not• 121
L•yci•s
12A82
31199
1341
1.847
E¥•ts Inorthndr•i5inyl
TOTAL INCOAIINO FUND8
12.485
19.121
)2.191
FUNDS EXPENDED
Ral•lrg bJnd•
13,202
15.152
TOTAL FUPIDS EXPENDED
Jo¥•
13302
15.118
gaIn￿lL￿a*￿I on In¥rtatr￿énts
NET IN￿MIN0 FUNDS
11y1
17NI
11,0&31
11,0861
10821
NEY MOVEMENT IN FUNDS
1lm21
11.541
128AS71
16.139
8Al•rK* ￿htfol￿rI
47.371
14.(fj4
48.891
11
193
Peg8 18

GRACE CHURCH BATH
IA Charltabl• In¢orporat•d Organlmllon)
Notes to the Flnanclal Statements for tho y¢ar ¢nded 31 December 2024 {¢onllnu•d)
12 MISSIONARYa ¢HARITAeLE GMN
Toi41
by Ihecharlty
er￿￿1nk8
2.750
1750
Il¢m• Mlulon• 4 ¢)th•r Chur¢h SoGi•lM:
Grace Church Bath wkwrtfund
Lux Youth Profjert
136
4136
A£¢r￿1 f¢F fi￿r• mW0n•ryq1￿Thj.
Chth"arA
Tot•1 mL•¥tonary and chathal￿gI¥lThJ
L¢w.' atD)urt chaw to ￿p￿rt fuTha
Tolal ml8iknary and ¢harllabk gmnq pw th•
Slat•mqntrA Flnanclql Acllvlt188
04J
P4e 19

GRACE CHURCH BATH
(A Charltable Incorporat•d Oryanlsatlon)
Nots8 to the Flnanclal Statements forthe year ended 31 December 20241contlnued)
13 STAFF COSTS
. STNFF COSTS
Staff cc&8 F4*J ty GCB (l￿￿11tyJ re¢horge•l durirqthE aci¥*J￿.ng fdl¢M."
31 1224
31.12.rJ
W4es 8￿j salari•B
Social st¢urity ex
47.052
Z341
5,174
21.509
1.127
Tot•1 •l¥ff
Qne staff memberrn emE4oytsJ ty the chty durirothe year12023.' no￿1. te1rvat￿ oPratK￿ Mw•Jer #orted.
rf( in June 2tr24.
Cther8taff memtérs are not eftWoy¢d ty th¢ rfsew.
The 8tsff membw h emtyoyed ty thè PCC o18*h Wefjton Si Jthn recoup Ihe rdvdarrt wowtion of
employment cc6ts pJrtainirpJ to Grace Church Bath (to wwj September 2023.. 6￿&.. from OctoL*r 2023 80.T7%1
f￿harge1￿88 akn note t71.
The minw staff m8mt*r ￿ emr4oy*d ty the of 84th ￿L5￿P employment c•BIBVi8 a
re¢harge.
b. STAFF NUMeERS
One member of*aif r&eM￿oYed bythe charity. txrt the of fyvo membeTr of em￿0Y￿a by fv PCC of 8ath We*on
St John atxl by Ihe tMo¢eoe of eath ar¥1 WelL4 are akn recharged to the ch8nty to refiect theirtime swt carryirq outwork
lor GAR Churth Bath.
The M*ae number of wrsoMe4rrwrvJ 0￿work10r Ibjth employ&J and not eMF10￿ by) Ihe durfr#J Ihe ￿t**W
31.1224
31.12ZJ
mIn￿try
0￿rationS
Pamanlstr*￿n
0.59
134
The average he4dts)urrt ewewtsj as fulktimo •4ur¥alerrt8
Mlnlstry
Operatior
Ominotrnti'ty)
1.07
1.10
HIGHER PAID STAFF
There were no •MFdOy￿￿￿ThceetDl8I emFW8e benth lexdudlryJ perBM ccds) exce•Y*J
£60,¢)JO for the year.

GRACE CHURCH BATH
(A Ch•rltable Incorporated Org•nlsallon)
Notes to the Flnanclal Statements forthe y￿r end•d 31 Decembw 2024 (¢ontlnued)
13 STAFF COSTS leorfdl
d. KEY MAP4AGEMEMf PERSONNEL
The key management F4Jf80nnel ofth• thanty th¢ Tntyteets. do not rteelve remunerakn
for Ihelr role 88Tr(th5, and the Mlnkny Le>JwshlpTeam a& l*ted 3.
The tclal amount ol em￿0ye￿ benefits li￿lUd1r1j emtyoyer perthon contritsknAI pabl to key marwert
perwnnel for their wve88 to the Charty wa8£28.21312023.. £13.¢Y241. Thme are ￿k* C￿reh
eath ￿harge￿(S88 b*w r•. knoc1* Minthrl.
A8Ipendiary F4ck¥Je was pahl to the Pastor c4herth¥n in caFacty as a tnAoe6hiA
an ecdestiasbcal off￿e ho1derthro￿h the Church Cc4nm*sl¢nern, a5 follo￿..
SI￿nd £29.152- £30,638. actual £30,￿*thI￿ ih fftt in the year. In •JditioTrto contritsjtiomto
A•tiFeThJiary pa¢We was to the P48￿￿ate Minthrtl¥oughtt* Cl¥Jr(* Cc4nm*wMern a5 fclhY￿.
Strwnd £24.293- £25,5￿ (full year Wu￿a￿nI). a￿val £25.222 In in the year, In athjliknn to
contfibuDorAto defined pen8bn ￿erne. Grace Churc* Balh contntArted £30,554 In the yeafto
th￿ costs and the aslociated Nl and K*Mon costs Incurred bythe Bath and Dioce6an Board of
Fina￿e.
14 PENSIONS
Grac• Church Bath became an eM￿0yer In June 2024 and 8yned up to the Nest pensitin etheme, a vthF4
rKr*bon 8cheme set up by Ihe g¢)vernrnent. Ne8t Corporatw. the Trusteethat Nrsthe Nest fjthem•,
corpJraOon and ts aL>xuntst4e to Parflament throLbJh Ihe OepBrlrnent fttwoth Pen8kn
The NeEt 8cheft* w a *J8fm&J C¥)Nlrit¥Jts"oM8dwm•.
Gra¢e Church h88 only emF*Jy8d on¢ memberof8t8frto date. The cttarg*J to the SOFA in
the ￿#r are tha contht¥Aioro payable12tr24." £￿. 2￿.. £nlll.
Omer 6tsff IcuFrenty one adrnIn￿rati0n stsff rnernt4rl are 8mrAoyed by the PCC of 8*h Weston St John.
ex¢eO lorthe current minBty stsff memt¢rwho, as dergy. ￿ employ&Y bythe ￿0¢¢ee of Bath and Well&
Staff ¢e419 are recharged to the cttarty ar￿ in tha SoFAlbee note 131.
The PCC of Bath Weston St ththn WbciFts In the Per￿1 Bulbjer S¢hem• BeLtion IPer*m 2014
se¢tionl ofthe ¢hur¢h Wort8￿ Perth Fund ICWPFI for18y8t8fi CWPF b adminiBtered ty the Church ol
EroLqnd Pen¥ons 8oart, %%fiich hohlythe CWPF asiets 8eF4ratelyfrtynlhr*e ofth? PCC al 80th We
st. John and other Part￿[Pa￿"r¥ emtyoyers.
CWPF ￿¢tIOnS..
2. the Pe￿On &Jlh* S¢heme. whith hastsfj Sut•ect￿.
a. z tjelerred annuty ¥ecthon knEMI as Pen*on 8uik#er Clw
b. A ¢ash tqlance 8¢¢Don kno￿ as Pen8kn BuiSaer 2014.
P8n•lon Bullder Schèmp
Both secbons ofthe Pe￿On Bu*￿10r S¢heme ar• JBdefineoJ xhem
P4e 21

GRACE CHURCH BATH
IA Ch•rttabl• In¢orpornt•d Organlsatlonl
Notes to the Flnanclal Statements for th¢ year onded 31 D¢cembor 20241¢ontlnued)
14
PENSIONS I¢￿r￿)
Pewn Builder Cla￿¢ wowde8 a ￿￿On. accumulated from eontribjtiots and Ix)nvert&4 into
deferred annuty dudwd emFqoymtnt based on terntsset and re*iEwed bythe Churth of EroL8nd Pern*Jr
eoard from tirrtto *'me. Dwetionary Increa8e6 may a180 added, deFefvJirvJ on Invè8trnent r¢turM
other factw.
Pe￿0￿ 8uihlerX$14 va8 ca&h balance 8ch¢me that FYovk1e• a lump wm m￿t￿l ￿e to
benefiL8 * retirement. PenBion contiitr*Jbon8 are record•J in an account fcr88ch rnember. D￿re*w￿ry
i*nuBes may i* •Jd•J ￿lOre retsremert depaThliNd on invesiment rèbJrts atsj other fador* The 4x>Jun(
U8 any b)nu888¢Jedared, ￿ paya￿e. unrtduc&J. from age 65
There * no sutrfrdN￿n ol awts bew th each •e(kn ofthe Pemon &Jikder Scheme.
The È¢heme o t¥)r￿dder￿j to be a MUtt￿eM￿l0yer8ch?rne a& de8CTrtd In Seckn 28 of FRS 1U2. Th
caw rt Vd not pxble to attrfmethe Penwon euikyer Scherne￿ aE8ets aTraI￿￿l￿"88to 8Fwfic
empbywB and rre8rBthat contntLrticTh are a¢￿Un￿ for a& Mthe Schemè *re a defined c¢ntribJtso
•theme. In the accounts oftha PCC of Bath we#￿ st John. the to the SOFA
In the year are the contrttxrtior* pay*￿e IW24. £1,638." 207J". e1.2761.
A valuation of the Penslon Bui&*r S¢heme Js carr￿j ehjt cnce everythFee yearn The mcet recent valuaion
waBc4rri•J aB at 31 Decemtér 2
Forthe Ptnsion Cl•wG sec*on, Valuati￿ r•veal&J a of£34.8m on the O￿oIng
aJuumOion8 uwJ. At the mc•t recent annual reNknY effeLlve 1 January 2025. Ihe 8tsard thL*e to grant a
4Yi6cretK)nary tonu8 of 6.7% to tr*Jth perrion& yet in paymerrt and Femons in ￿Yrnent in resF¢cI of
seThlce prtor to Awl 1997., and a tK)nus on pertyon¥ in p?￿nt In respect of pcffjt-Nwl 20￿ serwicg w thal
Ihe pension increase was 2.Ph {￿ere usually rt be ralcuLqtbJ on Inflation upto 2.5%). Th*
follo￿1 imyovemerts in the fvTrairo vIer2￿24. There Yd no requirement for deficit payments at
the oJrr8nt Ome.
The nex1 v81u8tion Bdue aB at 31 Decomt*ra)25.
For Ihe Pen￿on BulK1er 2014 se¢thn. the 2tr22 Trraluation revealed a of£8.5m on the oryc4
aswmpb'orY& u%d. There B rK) requirement for deficrt Payments at the ￿[rent time.
The18gal structure of the 8ch?me &8uch Ihat If an¢ther emrAoyer fall& the PCC of Bath Weston Sl Johfi
¢oukl ￿Corne reswn8ible for FayThJ a 6hare of the failed emsyoyefs pe￿On Ik?bllrtie& P46tarr ore al
wmploy¥J on behaff of Grace Church 80th18ee note 171, Ihe L*arty couha akn become resp)n￿lIe for
Foyir¥J otth* Bhare.
The current rninW 6taif rnernber. %4fi0 l& eM￿0Y￿a bythe Dlott*&e of Bath aTrJWel* I[￿ oth¢r dergy 4&
amember ofthe Churth ol England Fund&J pe￿0￿ Scheme ICEFPSI.

GRACE CHURCH BATH
(A Charltable Incorpor￿ Organlsatlon)
Note8 10 the Flnanclal Statem¢nl• forthe y••r ond•d 31 December 2024 (contlnued)
13 TRUSTEES. REMUNERATION AND EXPENSES
Durlng tr•y4w. •xporMO8 w•r• Mlmburn•d or p8ld dl•lo th••• T￿￿1￿￿.
31.12.24
31.1223
Rev M FarrJÈr Ip*orl
Alr M Cr4ine (Lay Re•Jerl
1.297
767
The6e amounts were in reBwct ofthe r￿m¢￿￿ernert ol co&6 Fra￿￿(￿.9. wul￿ent churc* runnh7
c¢*ts, miwon cc*tsl and eXF¢r￿ incU￿ed whil&t carrwrYJ outtheir dukBCffl tehalf olthe dAMy.
PAR￿￿ SHARE kn th• COMMON FUND
Underthe ofthe Oioc• gf eath aTrJ wel￿ Mr8￿ Order daby 9 Fthary 2tr21 that
endolves make8 wovitsitrn for (kn Church Bath. in wnJuNation wth the Common Fund Cornrttee of
the Bath aTrY Wd18 OKcgB8n Board of Flnance. Gra￿ Churc* wll alm totske full part In the cc4nmon fuTh*
Scheme for Forxh Share after 3 yeaJ5 from the date of th￿ rxder, in the me8nfjme ma￿r￿￿ ￿lJntary
Coniribjtio￿ in I￿U ol F4mh Sham, baB•J on Ihe nwnberol wmrr#tt•J grbv
cOntri￿￿o￿OI£l7,6I8 m•Je in th¢ year eTra•l 31 Oa¢*m￿r 2W24{2￿￿J.. £nill.
17
RELATED PARTY TRANSACTIONS
t*JrirMJ Ih¢ y¢¥. flMnr#81 WJFPJrt of£39612orJ". £2661*￿ to the knity ol a tntsto Ihelr
thiklren to attend o Chri*i8n 6urnmer camp. The Iru*ee Concern￿ took no part ITr the de(48ion to 8pkThe the
fuTraing. The 8UFP)rt in line ￿ ¢he tharitls eSta￿￿￿j crSteria IN finarKlal a￿nce￿* Ihe
supwt lund, ￿1¢h H D￿n to all rnernt¢r5 oltha corvJrtyabon. based on ne&J.
Tha PCC of Bath Weston SL John ofGrace Chut¢h Bath.
The fDffm%irvJ TnAa88 or kw manlgemeth of Grac• Church ¥e a** Tnth ofth•
PCC of 8ath Weston St John".
M. Father. P8*c¢lTrthe aThJ ￿￿mber91 Mlthy Lethrnhip Team)
. Cralne. Lay Re8der[TI￿é1
In *Jdrtbn, the folltrthno ￿￿oYa? oflhe PCC of Bfith Wethn St. John 4& emF4oyed for Ihe
charty.
G. Jrffilan. Traafjjrer arpJ Mmin*8torto P8
Co8iB InCu￿ed bythe PCC on tehalf of GCB are re¢haiged to GCB under a MenNx8rKJtsm of UThaerstsnding.
Thv& In¢lthles emF4oyment cc*ts (to end Sek*ember2023'. 60% of it from Octotw2023'. 80.77% of c￿1￿)
aThJ 50% ofthe costs of runnirYJ Ihe Bhar•J ots at Emmanu•l Church. GC8 aWJ pakl rèrtto thv PCC fcrftha
of St. Chwth durir¥ the year.

GRACE CHURCH BATH
(A Charftable Incorporat•d Organlmtlon)
Note8 to tho Flnanclal Ststemonts forthe year end¢d 31 Dècember 2024 (¢ontlnued)
17
RELATED PARTY TRANSAcnoNS Iconfdl
The amwnts recharg8d ty the Ffc toto GCB in the parlod 4re the iThJMdual
cost ￿ne9 and comprise
31.12.24
31.12.23
Salarfas. honoraro
Clergy & Btaif axper*¢¥
Rent
Church & maintenar
14,553
11041
19.212
12,40
P*￿ 24