,ISSI)('I ITI()N ()Tr GR.ICE B..IPTIST C.HI"RC.HE5 ISnl"Tll F.&STI CO)SOI.TI).ATED FINA)C'IAI. %T4TF.MFNTS FOR THE I'F..IR F.IDF.D 31 DF.('F.MRF.R 21123 ('hurih nvThbtr.' 2763$2 Pa%e Repiri ol'the Ti'U51<¢5 Lonsdidakd and Lharin BalanLe Slieei
ASSOCIATION OF GRACE &TIST¢HuRcHES (SOUTh EASTI YLIIR ENI)EI) 31 DF.CEMt4ER 111:. Ripi)TTino Lhfjriii&%' IboULxI bF Il)e Chwiry. i1)mil¥blon l)bjeetiit% Aetti'itics Jllil r-i¢lld an.Innu11 hJbl% chiti'emcnts anil Perfran¢t peiylL atreiidi114 Dll ! Tli¢ niain speakei-at boili ¥V¢nis Joiidih4in L¢¥'miln ITOTri *iiarL4'. lJ.S.
ASSOCIAnoM OF GfiACE BApnsT GlACHES
ISQUTh EASn
12)
REPI)RT ()F TFIE TRUSTEES FI)R I'HE
YEAR ENDED J I DECEMBER IiI•;
Icnnliiicdi
Tlie AssULiatsI1 Luiiiiiiucd be iiiiulied iii suppoiiiiio on_qoinq kliur¢h plwitin8 proJ¢¢ts inLludiiig Hasl¢iii¢re. Brioliioil. Didloi and
(ifLIYIWivh. Tli¢ Association al%0 proiid¢d Ir4ini118 of4nLs lo fiTrr from A&soLialivii hurhc5 10 cnabl¢ rlicni tTr undcrtakc 1hcul11i[
-hk.4ssiKiaiion alfio ltistvrd prailii4i1 hclp and siippori beii%¢¢n iliiirchol1[) Iiicludiiig a special Lo%id-19 gnni io help Ilio
Di1¥ ID Ihc IL. ot exceptioal Incoiiie ihix Iiear. the 4LiOUnt5 havc bLYli pr¢par¢d ly011((d bLsi&.-Iliis bisis &0761¢5 tli¢ rcsults
f rli¢ (liariN With thai tsfits jubsidiary Grii Lt B)Plisi ChariuL% Limil¢d
Tlie knxal itthsolidlli¢d liJndts' lif Ihi charii). lThircase411o EX.61:.314 duriog ?(P3. ll Illire&8e i)f 17 7% Thi% indiided unreali.%Ld 8aiiis ol.
£160.11£4 Ilie relialuaiiun vl'jiiyesirnets. due io 11)ed l.olaiili In Ihe &iOik niark-ets
6 Tlie Suiylus oil the Geiieiul
'SLE 11196.354 This rsU11 ol. fi i¥iYpiinDal Ploieedi tr7 the sali of twtj redundamt mansLs li. Ihe £XLp110n pft?CttiJ5
eyiluded theii Ili¢ AssoLiaiinn iiiiwn¢d a d¢liLii vn 115 eneral [nd This Is in liiie iiith the rx)IILTr ofuti11s1rn¥ hiSTufiL r¢ser¥¥A J8r¢ed bj
th¢ C'nnimitee
-roial Ini¢ 111 2111J lnirea M, 1111 (J/ Ttil.S 5 splii b¢tsi<cii a IniffL5C lil. f l ?Y5 hBg In ullrestricted tund% IDitimL and a deii¢JS¢
ol- i6fTr In i¢sifiited MKds' lili17)e Thjs ilu¢ i(Tr Ihe sole of redund&ni rn1ill5(%. One •f mlliises li.as preIlluSI, li¢ld as
Clianillblc pth. bui lili-th¢ dli¢T U)r.455la1lL1ll iYa5 lh¢ 11111maie ben¢liciar)' UPLM closure ol'ilie iliurili
Tiltal Lpenthiiii'C d¥LI'cDsrd b} Ll% ?4ry'1-his slilit bcn%Len a Il)u<&se ()l-£hfy 727 111 Unicstriil¢Li li) ¥ryprnJiluTC dw-ru5¢ vl-
£91.Y69 iii regirlia exTKndiiiiTe Tlie S7¢[1 tund 1lliree Jrobe to an In¥r¢ase Iii siall. costs a$ Ilie L1poli! S¢¥Y¢i)rn .5
iomwchinSIY¥ linaTheial reFIoi lak-¢$ plaK NoTrciiib¢r a wli
ASSC¢IATI¢N QF GRACE BAPTISTCHURCHES ISOUTH EASTr RFPI)R'I- (JI.- THE'fRIi,si EF.4 F(IR I'FIF. YLIIR ENDID 31 DEC'FMt3F.R •l})I Rthtr%'es pi)ljrTr Fundraising fw M'<)nd ¢ti iiiembers Wie illar1 hJs IIUI 5ub&%ribed io lud-rd.iIl¥ I'cgiiltttur SlrutElll. fiUI'ern#noe ind 725 'l-hc clLLllllll l)1 jiTrmDiill¢i ffliDibLr$ Is bi S¢¥rii balli)I hi or shi ('f•lLneiteJ C'h#riti¢ Th¥ AsSLI[lo17 Js C()nnLuied io Grace B¥plis1 fhiiiie5 Limilcrf l-hi> tyhiinl hiilJs li15 oil dew)s11 li)r ihe.4ss0il.Ilioii thIciiTnjlit¢di
ASSOCIAnoN OF fjRACE 8APT151 ¢HVR¢HES ISOUTH EASTI kEPIIRT I)I.-'I FIE I-RI IS-I-LES FC)14 I'FIE. YLAR E.'NIIED i l DECEMBER !O:i .Irr%ngrlllQllt¥ foj. remynel.tiDTr ol kt> nixnaEtnieni iitrsnnnel R<spiinsibilio- olduiie% ddt%ulii)Th. Re5pvn5ibilitY dut1¥5 dele2atithii cunEinut
ASStXIAnON OF GRACE WnST CHURCHES
1SOLfTH EAST)
REPI)RT QF THE TRUSTIES FOR THE
YEAR ENDED 31 DECEMBF.R ?0?;
ILymtinucdi
Rtftrente AdtThlthlsiY4thI¢ Dtlails
-rnisi<Y5 durinD
Ihi )tir ¥¥¥tL"
P Fu8le. IC'l)4irnij
AQr
ASSOCIAIION OF GRACE 8APTIST CHURCHES ISOUTH EASTJ RI-.PI IRT (11.- Tl Ir. INI)l-.Pl-NF)FNI-,11 IT)I'ri)R I-I)-I'I-IL TRI.'STEES nr ,I%.51)LlIlTI(IN I)F' (iftAC F Fl,4p'ri.%'i- CFII,'R(-HF % 1S(IIITH ÈAS'I-I Opiniun l)eLrrnb¢r ?0:= Basi5 for opinio I)UT runLliisions rtlati1 io %uin¥ ii)nctr 1latttN whiih wt roquired tl) Ytpthyt hy eK£eptio
ASSOCWTION OF GRACE BAPTIST CHURCHES ISOWH EA5n REPIIR1' 1)i.-"ri.11 INfiFPF.NDFNI' AI.'DTfoR T()-rkii-. TRI 1STI'r.% nF .luditor's rEponsIbl11fj fnr ihL' gudit fjltht finanoial qt4lcnients ¢XP¥Ltd li) Inllu¢iic¢ th¢LXIMiumii d¥kl%lUllb ol uscrs iaken vn the b.1blS ol ihek. liniincial sinictncnts I'st of Dllr report Tliii f4POrt 1% n11dL solel! thL (ifoup5 C'liariTh q J bndN. aLordnLy Ii'iili Pari 4 01. Lhi C'horiTiiS i-.l¥il)UnlS w)d J&%uni¢ Kbpx)nsibiliN to ali! l)n¢ iiihlr Ili&il Ilir Gi'{)iip and Charli> and Ih4 (Jfiiuk).) •iid Cliili'iL!' & IfLlatiX'h as a b{%.- for L)ur avdii lor .14cob C"¥Li""eTrAEh & Skttt, i Robin Lth1. rhai'ttytd 4ecuuntant
ASSOCIAMOP4 OF GRACE BIPnSTCHURCHES ISOLITh EASTI C.ONS()I.IT)ATF.r) STATf.MINf OF FTNANCIAL AL TIVITIF. TNCLIJDIN(i INQONII ,INI) F.KPF.Nf)1111RP..ALcni INTI YEAR ENDED 31 DECEMBER ?11?3 2023 L Trresliitied Fd5 Total Fur]$ FuDd5 Dl10S legJileS 10).67? 120.272 IrJ%e51ments Other Ihithme. Surpliis on sDl< Fixed el I'othl IncDme 18i.-Pll 21).6411 1.$6S,482 1624014 FXptthdlII¢ o: 21.160 447.968 469 128 6$ 71)9 40.41 TolAI e%penditurt OpernriAg suypluy l{defirill I.OY6,314 1¥,4281 ,087 1)26 1174.6391 474 9.96: Ttyil nti I110ss¢$I In%t%tmenl$ 219.7.43 2118,805 iJi@1117 Il9J76} .296.731 ISSg.768 Tr1SferS belwttn iiiiid 17,6JOI 7.6JO iemtnt iii (und5 1,3th8 477 I 1.746 1296.731 .9.768 R¢coTr¢ili¥lluh uf fund&'. Fiindb briwJ8hi liiniaid urricd 6.(b(1_5_997 74.469 649.%91 637.8&S 7.31 i.iJ53 Jp12,J14 7J14l83 No 11111<5 tyere &410 tr dis¥oniinu¢d diiring the )'tyir * For anill'ils (bl'lliiresiricted wid restr1it&d lill101 aclii'i11¢5 li?r ?{)!! scc iirxl pio¢
ASSOCIATION OF fjRACe BV715TCHURCHES
{8OUTH EASTJ
C()N5I)I IT)A TEF) %TA TFMF.NT or FTNANCIAL ACTIVITIE.5
YLAR ENDED J I L)CLEMBIH I11"-
A•trfr5if o1J711411¢1rt14
AsslATIoN OF GRACE BAPTIST¢HVR¢HES ISOVTH EASTI ('nNsni.It)ATf.T) B.41.,INQ'f. SHf.ET 11" 3 IS"I' DECEMBER ?0?3 202J 2021 Nthe Tan¥ibl¢ as>¢S InTresuncnts 3.3iO_439 $ 7JO JJ? 9.066.7¥1 3.SY)9.1(A lJ 7.964_395 CuTreiit ets Loans l)ehior5 Cuffeni As5d In1¢7¢ts Q'.a511 in halld Toi41 (wrreiji d&fcNIS 14 705.677 859.691 liQb09 863.y?y 1.936.992 1.3JJ.07i iihilitie CredilOlS.',tmoun14 ltilliiiq due ¥Trithin one Othu cr¢diior5 ? I YIi.9X4 T•l#l Crrent liabilities 9.03i.979 7.774.759 Credi10.. falliD8 du¢ afitr wtl' 1478.076) T•tsl nel 7.315.5X3 Tht Ihe ¢hArity': .'nrcstriitid lllnil% Ro.aluaiion R¢i¢Th".e iunrtstriL%edi ?.y3?.44? 0.6?? $84 43.4ft8 fi.665.99? 797446 Resiriiied fvnds RtrAlll.-Illilii fLserve Iresiriii¢dl 'lotsl 51[1¥1id liinds 452.593 4.511.945 198.h46 637.84.6 7.i15.58D These liiiui1ci siuleffjLThlb i*er¢ apprthtr¢d b). Ili¢ tiustees 1st Jul) 20?4 aiid blW)L'd Ili¢ir bdi¥lf b
AS8IXL4TtON OFGRACE BAPTIST CHLk9CHES ISOiITH WTI CHARI'ITr' BALANCE S14EET AT 3 1ST DECEMBER ?02J 21123 2•22 Fixed Tanwble aSSS Inves¢ts 12 3.330.439 4_?77 iJ7 7.607.786 3.909.Ib4 1637912 6.54? 076 C.'urrent Loans Debiors Cash dLyosirtd wirh Grace Baplisi C-hllvilies Lid harjd Twol(wrreni4J¥flS 14 2.660 2.660 18.589 182.9)1 337.416 418 365.798 04.47 tA•biliii¢ L(ltOrs. (allingdue ithiLI onc year. Othercreditors 38.946 N¢t ¢urreNI 333.%17 10.S.529 Total •et wels 7941.603 6 707.fM)5 The funds olthe thrlty: Unr¥tri¢trd fynds Rtraluaiion ReKr%'e IrmclEd) To[ uiirtStriit¢d fvjbds 7.401.fi39 7.461.639 6.711.657 R¢sthcted li$ R¢i'aluaiion r¢s¢rvr IT(TI£dI Toial r¢sir1iicd fvnd5 20 ?94.712 297.)07 198.(A6 49£ 948 479.964 fwbds 7.941.6113 fi.7(17.6(15 Tlie Chority's n¢t for th¢ }'¢ar w&% £1.233.9981?0!?: nei p¢•Djr¢ £i4i.499K Tli¢8¢ siatemrn15 wcrBapproYed b>- the trosrces OTr Isl July 20?4 and si8Thed on their bchDII'bv". Tr•5tte
ASSOCIATION ( GIIACE BIPTISTCMURCHES ISOUTH EASTI CI)N.$1)I IDATED %T ATEMI.NI" ()F LA.%I.I FI.I)W% YEAR ENDED 31 DECEMBER III" j 21123 Tolffl 21122 Tolttl FUA Sialemrnt of niiws.. TAble C.h flow frum #eiiiilie5.' Nei 511 pId¢d b!. iused iml4)p¢rJiing 4¥11Niiies 148 7841 14?,8.2941 C.h flous from iTh'es11118 acliiitieA'. Dii'idends. iTrteresl and from lnvtitsents Pi'iiiLY41s fr(7 s¢ of piopert purih¢ of propcw. and r4uipmcni P¢o¥Y¢ds IT17 bal¢ ofoili¢r InTrestments 89 1fy0 1.7.30.446 14.i7il 1.195 ()9$ ?.481_6681 Pvrchast i)riN<s[m¢L% Ncr ¢Lqh protridtd bFlliibed I¢$1i118 acti¥iiie5 1"..49•.638) ChaYJt¢ In ta5h hd tsh tquli"l¢nrs In the repo¥ pevlod 480.144 11,630.0811 .41MnlO 863.929 C"%h t4h tquiv&lent% atthc end of the T¢POrtinE p¢ri¥d 1,344,073 Tablt A-Rttconcilition of Thtt incomt I (expen11) c%h flow froTh uprv¥lin¥ atriviti¢s'. 21123 2022 Nel iliiiim¢l IL'xp¢iidiiiir¢i the r1)ning perii¥J las p¢r 1589.7681 8.75 l<iaiiisl I Io&fQS inN'esImnls Dildlds. Il¢reI dnd 11 from in¢.4tments 1?08.8051 I:(H.1811 DC¢ w Iiiii¥re&¥¢l iii dehtS Iiikrease. IdNrtasei Ill Lrediiois el £a5h providtd by inl pE1.#11E eiiviliey -Tr.3%5 142%.:W41 Tiblr R..4nlysls of tgh tash tqu•vltDIs: 1.296.340 47.723 8176J3 46.:96 863.929 N1cC [klis11.CsS IhaD I nioiiili%l Tfytal cash and cash eq-It•ts
ASSOCIATION OFGRACE BAPMST CHURCHES
ISOVTrI EAST
N()-ri.s 1-11 l-l IF. AC'C'C)I WI-.S
YEIIR ENDED 31 DECEMBER ?IIj-
.4C'C'.OI'): TTC POI.IC.'IES
The priniiTril atscount111g piiliiie.% Jdi)Pttd. Judg¢iMertls aiid kej Wur¢5 of ¢sliMaiion unLLYiaini> Ili ihL prepDwaiion of the linan¥ial
SlaielllLYIIS afe as lollows.
¢QllV¢nllo
'rhL Iinanrial Slalc[l)Is bccn prwurcd uiidLY ilie Chariti Act ?01 l and In Vliih Ilir Ch#niir$.%ilYjlrnL u1-
Rtil)Iliiiirna¢d Pracii¥e ILliariiI SQRP (FR% In?}l Fiall¥l7 R¢portin8 StaiidarJ Ill• IFRS I D:. l Th¢ linani4al
I¢1$ are dra%vii iiii ihe hisiiif1ial Losi bJsl.% tsr4Ct(I11lIl11. as IllDdif1ed btr th¢ r¢valuaiiuii ot'lDVfJlm¢ni prop¢rtits
ouier li11.tilleni% The tiiiaiiiitsl Sl4Lcm¢n15 are prcparcd piwnd5 L1n8 rniindL'd Lll Lhe IiCalES1 iiiiuiid ad arj Ill
iiinsulidthied PlIlvi7 14. the ASSL1811 ol. Groie Baptist Lhurthes {South EtI alld its 5ubsidary Gra¢¢ Bap115t Chwiiivs
Limiied
The a¥cuunts on a lill bi lili¢ bthsis
The AssvLialiiiii Dl'Graie Baprisl Churche& ISilUtlI EJsti ihe dtlinition ol'a publir b¢111 under FR.S 101 111$ a
lIlI)Lr1rILd cli4rit&blc li[ i%'iili 1l8JSlirt adthr vt'62 Briik.%ifc¥l. l.t¥i Jiin. N7 8A/.
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Th¢r¢ ar¢ no niaiiyial Ubainti¢5 oboui ihi charii! s al1111 to cThii1lll 11.% oper&tion% fri)r t11e fnrL%tt'tsble hjwr
In
N380¢1AIIOII OF GRACE BAPllSTCHURCHES 180UTH EAST) NOTF.S TO TIIF. ACCnlNNTS YEAR ENDED 31 DECEMBLN ?01; (co11nUtdl C$h #l bAn (.h ai bJnk in¢lud¢> and sliort renn hi¥hly liquid i511¢n ..Ith a %h(Mt IrI Lhrce monlhs or I% from th¢ dDte ofopcninB Trl-Ih¢ dcp(1sil Lrtditor5 Crldiiors )nd proTrisioiis are recoBTrised H.h¢r¢ Uie ¢lIar1 lias M prenT oliliBaiion aris1ng Irom a pa51 cvrni that will prohBhli. ftsull ill Ilic ifwi&f&r of hiiiiLs to J iliird parti. aiid Ili¢ alMI)lllii due io SLXtlc the obli8aiiilM be tncasur¢d or esiiniat¢d reliabl). Lreditor5 and profvisions ar¢ ri%o8nis¢d al th¢irseEElem¥ni anM)uiii The chawity 0rai¢S a d¢fiiKd wnlr1knLln peiisiun s¢hme C'onlribt1On5 pa>bl¢ ar¢ thar8¢d ill the StalLinei DfFintybi&l ALllTrllleS Im) R¢51ncd fuiids- th¢ are fi]iids iliAr onl¥ b¢ used fi)r pJrtliular ie5wi¢l¢d purwscs lthIll ihE obj¢cts of the chthri¢) Re51fiLYI(¥15 ar15¢ SFriifKd the doiior or11the tiinds art miAcd lor paiti£ulaT purpos.. QT LlnrL%1nci funds Ihttt ar¢ fvnds V¢hich be used in a¢wrdance iNilh Ihe Lliw'itsble objeLtS 41 Ihe di&crcti(Hi of thr direciors 2 INI.-aii IE FR():11 DONATIOIS & LEGACIES 23 21ll3 2021 I'nrE51victed Rttirictt Danaiii)ns Ironi Lhurch¢s Oih¢r doillllllms Gmi froni CJTace Raiiiisi C'hariEl¢S I.I Udier rciciv¢d 25( 41.6(13 1.985 -f7.58_f In.3X 1.67% 69.911 969 94.8.3 162.797 37.8l)2 2V23 I'nrestriiltd 2f123 H¢siritled zo Tgtl 21121 Tot#1 3 I%C1)lI. kRI)IL T CIIAR(TABLE.4L TII.'T'ITES l onsolidgttd Iii¥ome Iti¢1¢ fill idN¥ible ass¢ts 18.fj68 49.3()I )8.6b8 49.3tJi 18.069 -55.046 IDii4scillrnt ¢hurg¢s Iiiteresi froni Lhurcli¢s Jiid irll 10).6?2 4 ICOIIF I)I'F.STIIEYT 20 I'ir¢strl¢te zo Z023 Total 2022 Tot&1 Re5¢rlcttd Inir51111cnis Iisid ort reu)wiised stkexChQI7gc In&rstmeiils propenies- re1 In¥0 DyKibit iiii¢rL%i 1 ?0.774 1.594 .368 19.677 6.236 10.N9 l?0.?7? OTIIER l%4C.OIIF 2023 2023 2023 21)22 Total Lnrostrieted Re51rirt¢d Totgl Proceeds ttoni thc sale ol'a rduiidaiil Manse iKewi Suw11 from Ih¢5ale ot'Fixed Asseis 987.879 987.859 li4.2¥4 EXPF.I4DITLIRE 0% IUISINCtr FI'NDS 202J l.'llnstrltted 2023 Rf>lri¢t ZTr23 Tot41 ?022 Total 1'0ry8tylldted Inveslm¢iil propeiTh' c%pcfiditure %98 )bJ 2.422 19336 ?l.l(bO
AS50CIAMON OFGRl4GE BAPMST CHURCHES (SOUTH EASTI NI)TES TO THI ALC'OIJNTS Yr.AR I."NDF.D J I I)F.C".I.'MBF.R 2fj?3 ICollli1111¢411 7 F.IPF.JDITI'RF. {)% CII.IRIT.4RI.F. F.YPF.N'Sb: 1023 ['#rBs¢tid 2023 Res¢¢(j 2023 Total 21J22 Totgl C'onsolidaled SialTc05ts Developm¢nl con5uIthii0' Pmptrt!. expendi1re 2192Y7 .5177 74 l.Ob5 38.41 ! j7.1)1¥ 4.bi6 ChurchL% 1Thstl[LIITr1S 50.627 7.780 18.288 68.91) 39.086 I loille mi10 costs e%c I'crSUbiliLI OlliL¢ siaii(xlKrn )St¥ Phoiociwier co515 Illiluaiii¥ Mia15 DepreilAII ?.0¢ 17.691 17.94.% 18.)06 i.wo 7.6i I .)47 Pr(bi'iSM)n ot'c(Jnlerences aiid trainin8 lanagnei iliarg¢ Trusie¢s' Iiid¢iniiiTI' illbvraiic¢ Ini¢res11?aid i(> chllrih&% and .%ts Bank Lliar¥s ¥uid Inrtsi 40 40 60 877 397 Ji8 434.1)19 05.79l) ?5 t)5j ¢ts. L¢gJl and PTiifeislon f¢¢5 Aullill5. Iti% C'D5ts o1.mLX'iin8S 85 30 2.977 li 36 407? 4.672 13.949 Tutxl Lxpfknd¢irt rhurOl¥bl¥ a¢tlldfS 447.968 $40419 8 STAFF COSTS C'nn5olldalEd 2023 2012 197.(Hl 14.3yh 192779 Natinnal Insura¢ LOSI Emplov¢r's p¢nsion oontriiHiii(I> FJenclii% im kiiid se&%oii IiLLets l)Ihersiall'travel 5tsff Iraini114 and knonferences 21.491 4.076 There 14tTe Iio P¢nSlLW ¥Diiiributions outstJndino ol SCtsT thd 120??-.nili. Notniplo}e¢ rei¢iv¢d I'¢11)I1¢r•[l1)ll arnouiiElJlq 10 more thwi £60_000 In ihe cutTeni year or prtrii)Il% ¥¢ar The a¥Era¥¢ numbu- ol'stEItI M. h&¥1 Count tthl1-il ¢91111th1 duTiiig Iliv %.tar ¥tras-. Z023 Hoad C'ount 2123 2022 Ile C'punt 2022 Flt AsF()Clalluli offiie art Hn¢ Miss101i art Tothl siaft-
SOCIATICII OF GAA¢e WTISTcMURCs I$QUTH EAsn NOTES TO THE ACCllVNT% YF.AR FNDF.T) 311)F.QF.MBLR ?11?-, Icontinucdl 9 KEI. IIANAGEMIEN'T PERSONNEL Tlie manllwi1el per5011nYI fui. th¢.4ssociativn ar¢ A&$oLlJilI)n SecreiaTh'. cpai)Y ld Finunc¢ Officer Thctotal ¢niplo>ee bthieliis receii-ed p¢[styi¢1 ere 2023 2012 Salarj. Ivsis NationDI Insuralie ¢ts Emplotrei's pe%1 conlribiilion BeTrefiis in kind li7.332 13.546 10.7?6 lio 10 C.IL4TS PAY.4BLE C'on5Dlidted Grants pa)'&ble tD churches insdtutlons- 123 2023 2Tr22 I'&r¢strlcl¥ Tolal 4.2%6 18.?¥8 i.2?4 15.140 33.557 7.51)0 5.OtK Ila>u Lane Baptist Chor¢h. Bromle Si Jthn¥ Wood Road Baplisi Church (.(ks1 of Lii'iii&tirwiLS (7 CliurLhes) Edlethrough Bapiisi C-hur¥li ICliurch¢s Aid Fundi Giac¢ BJpiisl Church GiJ%s Ichiii'clieb Aid Fuiidl Rpii%t Cliurili. Chc%harn Il rniiiithel .4Ekney Bapiist Chur¢h. Abingdon ITrainiD¥l Graie Churlth. WJlihanisiii%i' (CliriheS Aid Fiindl (itaic (.'hurih Bri811t ITrainiD81 (iraic Q'lithr¢li Bfi%hL01I 18.288 ifj.$00 IQ 30 10.( 12.n(x) 2.000 3.064 14.000 12.905 i ?.000 Cirncc Baptjsi Churih. N(wdi Ilaif(xd IC'kniirc11¢5 Aid Fundi Grai¢ Church Snuthall IChurLh¢% Aid Fiindi Kin¥5 Rniiil Flaplist Lhiirih. Lhin8loid ICh41TchL% Aid Fiindl 5ffl1 TrdiDIMg Grants I Cliurche5 Aid Fuiidi 1050 800 18.:88 All ¥[ tth ihurLhL% and InsiiiUilQTrS ar¢¢iih¥r appm%'ed Ihc irusi¢c5 or arc repnrtcd tD the Itusiecs. If beiThg fflade in oid9n¢t %viih Ihc rcrnis nt'a restricied tund Thc are ni&de for the piiwposts otSUpping memb¢r ¢liurL'hts' Ivitli buildin¥ Irpairs vr speLifiL prvjK Grants p#>ble to In¥1Ul= 2023 21122 Tiaivinq Fund. wirestriikd 13 Churchcs,4id Fud oiirtsiricied14 grontsi Cos¢of Living GranLS- unr¢skn¥i41 {10 grnEsI Bene%vl¢ni FuThd. rostrictal16 ¥rantsi Pastors, R¢tirin8 & Widows. Furtd- iesirict¢d 19 Lts¢li¥iari¢si 6.900 680 16.000 1.600 7.081 9.40 39.086 Y.iRi 28.rJ66 All srwits to Indi1)1¥ are upproizd b!" Ibt tsllbl¢¢j Lhe &xttpiiun vf8rJnLS Injffl lli¢ BeO,01ni Fuiid wliicli. lor rcas0$ of bnfideNLialiEJ. ar¢ prvpiv41 bs Ihe.4ss(Kiaiioii alltlioristd b> Ihc Honorm TreikwfLT and paid by UJ¢ F)nance Ofti¢er
ASSOCIATION OF GRACE BAPTIST CHURCHES 180Lml EAsn (in NI)TL.% T() THE AC-Q()LINTS YEAR ENDED 31 DECEMBER 111?-, 11 41'1)IT. TDF.Pb.%l)F.h4T kl&hl1).4TIOTr .4ND ()TIILR FIN.IN'ClklL SERI'ICE5 FEE5 C'onsolidait Th¢ Liimpan s A7[r5 maKle ihe lolloy4.in8cliarg¢s- 2022 Fee lor auJiL ol"accounL¥ 8.460 8.57! Charity Tlie iOlllPllllTr g auditurs niAd¢ the fullii}i'in8 ch- 2023 1022 F¢¢ auJii iTrt4ccounts F¢¢ fotvth¢r SIL 4.92 3? 11 TAliC.'IBT E 4>iSF.TS C'ons01idAied llnd Ch¥rity Held Iii hiihttwieiil'the ¢hllrii}'s obje¥LS' Fixlurty, 'ell01d Ixa5¥hold properh. Ttyil ,Market %'aluelCost 3.S%J.705 1588_?9il 31.f.hOO 40.i61 j,9j().¥61) Disposa15 17.lY4 Ai 31%1 tkLeiiiher ?013 .997.41: I li.61)n 3.3ts7 i44 At I _ Dispo>als iO.7U? Al J Isi IkL¢mbir ?023 Al Ilsi tkctyiib¢r2023 )995.41) 31_f boo 3.3JO.43Q Ai I l.%t Deceiiiher ?0?2 J.91) IhJ 13 INfvESTMblTS 21123 Z02J Quutt IDveylmenL¥ 2023 Ttyial vroperdts fatkcl i'aluc at 151 Janu&iTh 20?3 Additions Disp( Unrediscd1105Ks1 J sais Mdrkei lue JL 3151 tki¢nib¢r •073 %47.917 3.STr7.314 3.591487 3.591 ?87 12.07().?3(>1 530.142 i.206 20Q 5.7 J6.)4? As i Ibi [kL1thr ?0?3 4.264.J44 4.570.?0 .-Is ai 3151 r)¢i£tDbcr ?0)) 17¥ 8ts_4 3.584 728 -1 hL iru51K5 fjbhiiicd prTrlr5>ifjI valualipn5 lor all Ili¥ IeSitill propeiiies In Decen11 2021 Tli¢ liiisttts liTrt us¢d Ill th¢ basis lorihe currtnr valulliion and havt adItssi It bi r¢f¢wi4¢ 11) th¢ national house priie Index iiitorm10I7
ASsocn0N OF GRACE BAPTIST CHURCHES (SOUTH EAST) NOTES TO THF. hcLnirKFs YEAR ENDifJ 31 DICLMBF.R IIIryJ ICMilUedj 13 IWVESTMEYTS IconilNutdl 21123 Inytstm¢nl pYoptrti¢% 2023 20 Tnlal Ch#rlty qarkei alue at 151 2023 Addllions Disposals J68.146 ? ?64.76h 3,•9D.178 63?.91? 3.?90.178 116.843 ¥alii¢ at 3 IstDe¥Emberl0!3 3i.1.752 4 177. j47 At .4i 3 ISE DcLY4nb¢r 169.500 7.9h9.7bi As ai 3151 Dembe1 22 169 iflll The iru51L'¢S obthiii¢J profc.%siotsal valuatioiis for all th¢ Inv¢1)L pfi)pertlLS in Decnbir ?021 Th¢ irnstegs1i4Trtre u5¢d ihis as Ih¢ bobis lor the current valuation hav¢ adJusi¢d ik b! refLveii lo llaiional house price liid iDliirniaii(Ml 14 LO.IYS 21123 2022 Iiiiensi Fiec l.oan lft) I diurclil Inr&s BeanThg Loonb io cliurilie5 53) Iiii¢ics1 RrJntsg Lo2n& tuTrllS15 14} 2.660 2.660 -$69.0Th) 8$4_691 70i.fi77 C-harity ).660 Louns inres1 rtre aTrJ rep3iable wilh1 ioi l'ears Indiided within luIg appruximuklv £1.3.ill iepavablc aftLY tnor¢ Ih.1n ne l? t)Tr'.Ill'l)R Aindiints due Irom ihurilict Othcr dehii)T% PrrpaTrw¢hts ?11 i06 370 j741 Ch9I7ty Other dL•Lors Prcp&%.rn¢n 11.9?4 18.)89 16 LI.'RRENT 4SSF.T INI'.ESTIIENT5 C'o•%ThlidtwJ C'ouiilies and C-nbridg¢ Bank 95 dajjs li1¢# 2P*3 2022 61.D?O 17 f.RF.TrIT(PRS C'ou5ulidutrd due to tiliurclie Amounts due til tnists ()thcr crediiors 2O1J 2tJ22 I IA)l.iOi 1%9 977 1.7b3,048 44_%7X ? IV8.984 Charfjfv 18 CREDITORS arnounrs tallill8du¢ attcr nifire th one yellr C.'on501Ml4tsd Amounts due ITr LhurLh¢5 2QJ2& 4?3.6h5 448.h76 This represenis thi()niS LO £liur(thcs i¥'h¢r¢ ithe balJnL¢ l& oTrer EIOO.IIIMJ ahd th¢ noiiLY Pirind £Aieedi Jts.% da!..
ASSOCIATION OF GRACE BAPTIST CHURCHES IsotJTh EAST NI ITF.g Tl)'fkiF AC'CITrI INT% YE.-IR ENt)F.D il l)F.Q'IMBLR •l)I.3 ()th¢p G4lN.¥ 14 I'NRI.".s'rKI(-rF,I) FI"ND iiin023 Jliltr7fj23 719.7f j 7,4?7.11 .131 64YJI 7 I17J. JA Fig¥r¥51ui'previuuf J'gurfureiwiwttri&D Brouglit Carried fupward 3111 V2022 Exptnditurt TraTrsftr% ZlJ22 1 ILvsst.il C'$11datCd 7113 14.5691 6.ITj7 47.- 6.175 fy64hl B Yiiuohi funTaiMi 111121123 Infnme F.IpeniJiturt I IlRF.STRI("TF.D FI'NIA C'hatlty Tran¥fL'rs 211)3 J1112Q1I23 133:.8J¥) 177.?19 6.V114.3Sts F¥piidiEure ?D21 Oihi' fthar(l TraTr%fer.1 202? Illll022 J11121?1122 ('harit ?19773 ('hurhL 4id l-.und Y9.31 TlDing Fuii
ASSO¢IAnoM OF GRACE BAPTIST CHURCHE8 18CiJTH EAsn 1201 NOTES TO THE ACCClI.rwFs YF..4R F.NDF_D 31 DF".('LMBF.R 111)", Broh1 fotityai. (Mrried furward ITJrom¢ uiher G¥ins TTll5fers 1023 1 ILril 20 RESTRIC'I'LD FI'NDb 2023 2O2J iiioo 311121202J Hdiiie Missi( 37.64? 749 J.-£?o I.IW4 40? 1.676 13.45Q 14?.17 )h.NYO 126.747 i7.086 27.62) I RO.??6 B¢nt¥ol¢iii Fund Pasior$' Reiiring 9md WidowB' Fund 19.8281 52.U65 J8;.1ti8 637.84? 383.991 66.9611 Brougbi Corwatd 111111122 F.Ip¢hditui't 21122 Other GlD$ IILossE51 21122 TY4nsfers 2Q12 3111212022 Ln511dle Hmithvrn¢ famil). 33.443 4.569 H>Thes Lane Fund nth¥11c r.llnd Briéhlon Fund Benevole[ Fund i37 ?(1 579 ?6.Uy6 126.747 1.702 43.417 16_919 7 i.694 ifjl X(Y4 684.741 77 37.080 Pasrars. RL4intyg Jjid Fuiid 1 7.899 38)_991 1158.9?91 C'hari 145 7721 7630 1.084 402 1.676 37.086 17.1(K) 57.771 383991 495 948 27.269 Loan Fiiiid 19.82¥) 2.446 2.065 54.?.$4 166.9101 l O.W8 479 964 Briiught r41.ried ip¢nditur¢ 2022 Olh¢r Gakns 2022 TiaThsftrs 2022 Iiir2022 JIIIZI!VZ2 rharfi 33.443 Home lIsSi0n Aii¥htun Ben•olint Fund L(ban Fund Pa51ThTh' RrliiiTr¥ pmd M'idn5' Flliid sinclrFU 4.769 166.3?Jl 3,702 43.417 16.919 7).694 3hl.809 5J?984 7)0 37.U%6 [9.6))) i7.771 i8i.wl 4I)x.948 1 ?.8W 1?8 8891 4.£69 HiYthorn Famil). ChatablE Fund Thig liii)d Is gvl'erned d l)eed ddiLd ioih F¢bTu7n. 1999 tironi% are 10 mBde io nomiJi¥¢LQ Ier11111g churche5. The lundikes iabli>li¢J bv & dorlatitm. 1114llldinB lax beTh<fiL of £70.0th1 Thi$ fund li lIsu1$hl Home M153ion 'riiis lund ¢Xi%l.% LO pmmolc c%oiige11511Tr Ili Ih¢.-Iss(rflDliOty chur¢h¢s ihmugh education. Irwning advi¢¢. t11-11l¢ and slioff-i¢trn workrfs projects. The IivJiority 01.1¢ fuNdiii¥ is ilbruii8h dat11& from LliurLlics and 8raJii iM¥um¢
ASSOCK4mON OF GRACE BAPTISTCHURCHES (SOUTH EAsn NIYfF.£ TQTHE ACC'C)iJvr.s YEAR ENDED 31 DEL'EMBER !V• lcunliniJl 21 RESTRICTED FIINDS- CDndnue Il>es LTr¢ •Thd Dlwne FuTrd(31 These Fuiids arosr lioin l¢RaiiES receiTred lo be applied lor tlbe ben¢lit of sp¢¢itiL h1lieS ai the dis¢rdion ol'lht direeiors ufGra¢¢ Bapiist C'harili¢g Limiicd Fund 'Ihib IS a fiind.Aet up 10 prumotc rinell5117 Ilirough a IiCV¢ ihuikh pla1 b&4ed iii Rri8hiwi This hjnd ilosrd Iii lh¢ r{r aTrd ihe rnoThti oriird lo Ihe ii¥ivlTr cvn511tll churih GrEice Church Bright7 BrLe%d¢DI Fund This hd has no ¥overnin4 In5trLullent fjrJnt$ 4r¢ mad¢ to Chrisiians in needy eircumsiaiiots. Lon Fuhd D-17&On ol"Trusi d¢d 97111 Ociotrrtr 18918Oltnied Ihis lund Inkr¢si IIEe Iollns nicde tn ¢liurth¢s lor pui'¢has¢. exils1O bureRu4YaiiL 4oiijpll¥ioLts iiiu¢k il ditliLuli to colinUe to Intert (ree l()aiiN li 1% d¢Ll.d rhai Ihc muiicy H-ould bE niad
I'allble lh¢ ¢hvrLhe5 ol-érants rdtlier Elian loans iii the fiitur¢*nd th¢rrlvr¢ lh¢ r¢miiiniiig fr¥e lunds- 14rr¢ ¢Tanslerred io ihe
Deilaraijon nl'Trusi JJi
ASSOCIATION GRACE 8APTISTCHURCHIS
ISOUTH EASTI
zi
NO'I"ES TO THE ACCOLWTS
YEAR ENDED 31 DECEMBER 2023
22 COMlfTTNIENiTS
I'he A.4%Klktinii ha$ corn111 10 make pllTrmL"Thw In resp¥61 orid and buildin8s and offi¥¢ equiprneni. in th¢ follo¥¥iii8vears as
2023
2422
iihiD l Year
Benyeeii 2 47nd I
1.836
460
2.296
1.836
2.296
LI TRI"5TEES' REMiINEIL4TIOY
No re)niiii¢rdiiun or bcnrlilts i%tr¢ pwd to aav Df the tyu51
SOCIATION OF GRACE BAPTIST CHiIRCMES
ISOUTH EAsn
NI)-I'L% TO TIII.. ACC.'I)IJN'I-S
YEAR ENDED 31 DECEMBER 2Q23
24 4ssrr.S HF.I.D OTri BEHIILF OFTHIRD PARTIES - CoThtlnued
'rk o)mpanTr dlw &icL% as iiisindiThn iriisiee i)I'icn&in lor i'&ifiws knliuTilie5 V+thiili hJve iheir local maTha8Ln¥ iiuste¢&. 1¢
¥osW'aluauon of lield In diis ¥ai)a¥ll) [¢Xiludimg 1< Naluc ot- ihurLh promifies and Inanse% fiK wliiclb iio lIable cosi
InknnaTliili Is ai'ailablel Ai 3 ISL Dticmb¢r
Inv¢*Iii15 undLY" manag&nLl
1nv¢stTlleE propert5'"
Propen ustyj chJriithle purp(
Uih¢r nel
LnBns
44i.I:
6?4.y99
1.444.773
424 840
2.fy43.5?S
27 SI.'BSTDI,IRI'
Thc 5ubsidan' Is (iraLe B4)ti%l ('harilios l.ImiieJ. coMpanTr nuiiiher (X)096tJi). i4ianTh' $tralin oumkr I17•J8g Wllli a rryist