,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)mi￿l¥blon
l)bjeetiit% Aetti'itics
Jllil r￿-i¢ll￿d an.Innu11 hJbl%
chiti'emcnts anil Perf￿r￿an¢t
peiylL atreiidi114
Dll ! Tli¢ niain speakei-at boili ¥V¢nis Joiidih4in L¢¥'miln ITOTri *iiarL4'. lJ.S.

ASSOCIAnoM OF GfiACE BApnsT G￿lACHES
ISQUTh EASn
12)
REPI)RT ()F TFIE TRUSTEES FI)R I'HE
YEAR ENDED J I DECEMBER IiI•;
Icnnliii￿cdi
Tlie AssULia￿tsI1 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 ￿hur￿hc5 10 cnabl¢ rlicni tTr undcrtakc 1hcul1￿1i￿[
-hk.4ssiKiaiion alfio ltistvrd prailii4i1 hclp and siippori beii%¢¢n iliiirch<s ai Ioial lewel b) enioiiiJging llilll'lliL￿ in ihe
distriLLS ivithiii tli¢ A.sso¢iatson This Is rcfl¢CI￿ 111 Qll8oing district prnyer Icadeiship frllt¢YnoI￿ j￿111t tvents and gthierol inicr-
illuiili lellotvthip. whiLh intrasingly muving bllL* 10 ￿11￿9 Iii-persiin ¢wt5
Financial lielp qii'en 10 Lliur¥hLS and l￿dIN￿duD15 in ilie lonn ol'granfs (benC>ol￿1[) Iiicludiiig a special Lo%id-19 gnni io help Ilio
Di1¥ ID Ihc IL￿.￿ ot exceptio￿al Incoiiie ihix Iiear. the 4LiOUnt5 havc bLYli pr¢par¢d ly￿￿011￿￿((d bLsi&.-Iliis bisis &0￿761￿¢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'jiiyesirne￿ts. due io ￿￿￿1￿1)￿ed l.olaiili￿ In Ihe &iOik niark-ets
6 Tlie Suiylus oil the Geiieiul
'SLE *11196.354 This r￿sU11 ol. fi i¥iYpiinDal Ploieedi tr￿7 the sali of twtj redundamt mansLs li. Ihe £XL￿p110n￿ 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' lili￿17)e Thjs ilu¢ i(Tr Ihe sole of redund&ni rn1ill5(%. One •f mlliises li.as pre￿IlluSI￿, li¢ld as
Clianillblc p￿￿th. bui lili-th¢ dli¢T U)r.455￿la1lL1ll iYa5 lh¢ 11111maie ben¢liciar)' UPLM closure ol'ilie iliurili
Tiltal L*penthiiii'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 regirli￿a exTKndiiiiTe Tlie S￿7¢[￿1 tund 1llire￿e Jrobe to an In¥r¢ase Iii siall. costs a$ Ilie L￿1poli! S¢¥Y¢i)rn ￿.￿5
iomwchinSIY¥ linaTheial reFIoi lak-¢$ plaK NoTrciiib¢r a￿￿ wli<iLS a￿d budgeLs for Ihe Year aheud are esiaFAished and reliiiid
Throu￿7 Eh¢ >'eiL r. tlie buJgtl 1> ¥i1MparL￿ Ntrilh actLwI perfonn4nce oi th< Lommiti¢¢ iii¢eiifftvs follo¥iiiig lh¢ ot. ¢obh qugrt¢r This
InTre5tmenl pDwei3
The 117151tt5 hJ¥t Wli-th- 10 Ill￿￿51. subjeki 10 the Trusiee.4LY 2000. sr¢k lii aTrtrvid invrsim¢nL¥ iTrhicli dre i￿￿￿￿515￿￿t with o'aii8elicDI
hical siaiidaTds
Invc5tmtnl policy
Tli¢ Ini'¢%tmcni Policj m-iewed in ?OIR ii'ith diL help ol. ali lin&nLitsI *d￿ls￿l aiid ￿ rcsiilarf), dis¥wsscd *iih ili¢
In￿¢51￿¢￿1 Tnthws lo ensure It renTQilii UP 10 dat¢

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 lu￿d-r￿d.￿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¥ AsS￿LI￿[lo17 Js C()nnLuied io Grace B¥plis1 fh*iiiie5 Limilcrf l-hi> tyhiinl￿ hiilJs li1￿￿5 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 Fu8*le. IC'l)4irni￿j
AQr<d
BOJJones
AA Oiilr
Nliss Nl O, ￿l¥r8.
J.%ouiliu)mb¢ ITr¢usur¢ri
l) J Mortiiii¢r.
C N4uk*hBa
J SaK*r>
P Smiih
A J w1￿7aM
PM￿￿dI
S J Llojd
K• fflJiiaqerneni Pif50nnel dllring the Jeor WEre.
An<tr¢H' KLng
Compaiiv SeLY¢toTr ol"Oraie Baplisi Clianiies Lid
A Nf 6￿d￿(r
ThL fi¥isiLf¥d oifiLe Is ai 0! Bridi Sirtel. London. N7 ¥..IZ
ThE P￿￿(￿P*1 of th¢ th4rit¥ Mr¢ *$ fvllow8:
R¢01s￿red Audiii)r%
Cai.¢iiJoh & Skeel. ? Robin H￿id l.aNr. Surton. %urro SKII ?SII'
Bdnktrs
CAI Ilank l.irniied. 75 Kiii&%hill .4icnu¢. Kiii¥5hill. WCIT Mallin& Krni klF.I&) 4.IQ
ITh￿¢5￿< Ik¢oldi llnd InTrtsEmeni Ltil, ? fJiY4iain.Sir¢¢L Lnniion EC? 7QP
RfitliLN)n¢s InvesLtnenT Klanag¢iiKni. 8 FinsbuTh I'ifLUS. l.ttndofi. EC'2M 7A7
Caiirr. l.¢iniiii Camri-{￿sl I P. l O Alilei5Qdte %ireei. LoiidThi. F.C IA 411J
Trusi**s Responslbllliie%
Kiiigdoni (iLMuall? ,liLepkd Aicouiiiin8 PraLti¢e
stsiements 811-Illbi a Inie and lair tlie iJu*e¢s are required lu.
obs¢r%¢ th¢ mcthvds and priiiiiplts iii Ihi Chariti¢s 50NP
st&ie iiliLilier Ji?pliiJl)le IIK Acii)Iiiiiing Standardb haic tollowed. subject 10 fflolcriul departurt%.' nil
111 npcraiion
The irusiees responsible for ke￿Ing pTh)p¢r aiiOUnlln8 record5 itrhiili di￿105¢ wilh r¢pg)Iiabl¢ *eLllfJLI dl tirne Ilie fiThaMiiJl
l?11siliun lif thr ¥hurltr i¥hi¥li ¥Thiil)IL them to Ln%ure thill the liiiani1lll ivmpl} ii-iih ihe Charilic5.4cl ?lTrl l Thu. ore als
rcsp(XlbiblL for sthl¢guirdino the &$8tts oi'ili¢ ¢hgriN and h¢n¢¢ lor iuk-1Th8 re&$￿￿ble sw5 lor the pre¥YTrlion aThd del￿110￿ of Iraud
TrOR AND ()1 BF'HALF OF THE TRL.4TLLS
df&
J. 5oulhLumbt
Trust
b& Bridi SlrcLt. Londiin. N7 811

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 rtlati￿1 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 rE￿ponsIbl11￿￿fj fnr ihL' gudit fjltht finanoial qt4lcnients
¢XP¥Lt￿d 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. a￿Lord￿nLy 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
F￿￿d5
Total
Fur￿]$
FuDd5
D￿l￿10￿S legJileS
10).67?
120.272
IrJ%e51ments
Other Ihithme. Surpliis on sDl< Fixed ￿el
I'othl IncDme
18i.-Pll
21).6411
1.$6S,482
1624014
FXptthdlI￿I¢ o*:
21.160
447.968
469 128
6$ 71)9
40.41
TolAI e%penditurt
OpernriAg suypluy l{defirill
I.OY6,314
1¥,4281
,087 1)26
1174.6391
474
9.96:
Ttyi*l nti I110ss¢$I In%t%tmenl$
219.7.43
2118,805
iJi@1117
Il9J76}
.296.731
ISSg.768
Tr￿1SferS 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 ￿11*111<5 tyere &￿4￿1￿*0 tr dis¥oniinu¢d diiring the )'tyir
* For anill'ils (bl'lliiresiricted wid restr1it&d lill￿￿101 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<ylirfrtesf¢pJ'pTrevI•MJ Jwp..
2022
UNrewlTlCttd
2•2*
Inci>mt from..
oihLr Iniomt
Total In¢offlt endowmeNIs
ExptNdlturt Oh:
1.380
Chariliible aLXITrjij¢S
TDtAI cxptndirure
J8? 87Q
402,401
li8.929
461J30
Oper#tlng Idefitltl
1132ffiD81
142,031)
1174,631))
Rea115ed 84i1ns on Ins*siinLlli¢s
9902
1417,441
2J12
141.4.129
'¢t ie¥pthdiiurel
155U.0491
139.7191
li89,7681
beTh'etn
{4,569}
et Ilovement in Funds
I4￿,618)
13q,liOI
14¥9.768}
li¢tomtili&tion
7.??V.611J
6.60S.991
7 W.S.3il
7Jl$.5113

Ass￿lATIoN 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
ii*hilitie
CredilOlS.',tmoun14 ltilliiiq due ¥Trithin one
Othu cr¢diior5
? I YIi.9X4
T•l#l C￿rrent liabilities
9.03i.979
7.774.759
Credi10￿.. falliD8 du¢ afitr wt*l'
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 aSS￿S
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 th*rlty:
Unr¥tri¢trd fynds
Rtraluaiion ReKr%'e I￿r￿mclEd)
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.$1)I IDATED %T ATEMI.NI" ()F LA.%I.I FI.I)W%
YEAR ENDED 31 DECEMBER III" j
21123
Tolffl
21122
Tolttl FUA
Sialemrnt of niiws..
TAble
C.*h flow* frum #eiiiilie5.'
Nei ￿￿511 p￿￿Id¢d b!. iused iml4)p¢rJiing 4¥11Niiies
148 7841
14?,8.2941
C.￿h flous from iTh*'es11118 acliiitieA'.
Dii'idends. iTrteresl and from lnvtits￿ents
Pi'iiiLY41s fr(￿7 s￿¢ of piopert
purih￿¢ of propcw. and r4uipmcni
P¢o¥Y¢ds IT￿17 bal¢ ofoili¢r InTrestments
89 1fy0
1.7.30.446
14.i7il
1.195 ()9$
?.481_6681
Pvrchast i)riN￿<s[m¢￿L%
Ncr ¢Lqh protridtd bFlliibed I￿￿¢$1i118 acti¥iiie5
1"..49•.638)
ChaYJt¢ In ta5h *hd t*sh tquli"*l¢nrs In the repo￿*¥ pevlod
480.144
11,630.0811
.41MnlO
863.929
C"*%h t*4h tquiv&lent% atthc end of the T¢POrtinE p¢ri¥d
1,344,073
Tablt A-Rttconcili*tion of Thtt incomt I (expen￿11￿￿) c*%h flow
froTh uprv¥lin¥ atriviti¢s'.
21123
2022
Nel iliiiim¢l IL'xp¢iidiiiir¢i the r￿1)ning perii¥J las p¢r
1589.7681
8.75
l<iaiiisl I Io&fQS inN'esIm￿nls
Di￿ld￿lds. I￿l¢re￿I dnd ￿11 from in*¢.4tments
1?08.8051
I:(H.1811
DC¢￿ w Iiiii¥re&¥¢l iii deht￿S
Iiikrease. IdNrtasei Ill Lrediiois
el £a5h providtd by inl ￿pE1.#11￿E *eiiviliey
-Tr.3%5
142%.:W41
Tiblr R..4n*lysls of t*gh tash tqu•v*ltDIs:
1.296.340
47.723
8176J3
46.:96
863.929
N￿1cC [k￿￿lis11.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'): TT*C* 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$.%i￿lYjlrnL u1-
Rtil)Iliiiirna¢d Pracii¥e ILliariiI￿ SQRP (FR% In?}l Fi￿all¥l￿7 R¢portin8 StaiidarJ Ill• IFRS I D:. l Th¢ linani4al
I￿¢￿1$ are dra%vii iiii ihe hisiiif1ial Losi bJsl.% tsr4Ct(I￿11lIl11. as IllDdif1ed btr th¢ r¢valuaiiuii ot'lDVfJlm¢ni prop¢rtits
ouier li11.￿tilleni% The tiiiaiiiitsl Sl4Lcm¢n15 are prcparcd piwnd5 ￿L￿1n8 rniindL'd Lll Lhe IiCalES1 iiiiuiid a￿d arj Ill
iiinsulidthied P￿lIlvi7 14. the ASSL￿1811￿￿ ol. Groie Baptist Lhurthes {South E￿tI 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
lI￿lI)L￿r￿1r￿ILd cli4rit&blc li￿[ i%'iili 1l8JSlirt￿ adthr￿ vt'62 Briik.%ifc¥l. l.t¥i Jiin. N7 8A/.
Gvlng
Th¢r¢ ar¢ no niaiiyial U￿b￿ainti¢5 oboui ihi charii! s al1111￿ to cThii1￿lll 11.% oper&tion% fri)r t11e fnrL%tt'tsble hjwr
In<alll¢
v￿ul1t91Th Ill¥D1￿c including liga￿1￿5 Is a¥iounied fi)r the thJrii¥ ha$ ¢ntiil•Ji¢ni its tli¢ In¥om¢ il 1$ priib4bli' th¥ I￿￿￿￿>v
11 br fCLCii'¢d the aTrwuiii ol-In¢ome lei¢i%ible iaii ￿ reliJblv meJsuieJ
Loail liiierem rei<ii'ab5i'. inEerLs1 puyabl¢ oil d¢po>lLN. ￿¥￿ial iii¥om¢ aiiJ m4naE¢III¢JII ￿lIaT￿¢b are rkitsgnistd on aliruals
F.rypenditure
All ¢Ypendiiiire Ib Iiicliid¢d al￿71.5 ￿￿15 C-huiiJhlc eYiKTrdisiire ion>pr15es all tYrrtnditUTe diiedl%' rdaied ¢h¢
(A)jeilS uf ilie iharity TliiN lnilu￿* gi)%t'riIa￿le Lusi& i%hiili r¢pr¢5¢111 ￿)¢ iLKSt of iornplianie 14ntli C￿￿￿llUtional and stdiUIOry
FIAWI 455¢ts
Fiyed &i%¢is held IDr ch*'iri use aFe sinicd ui LOSI Wher£ fveeliold It￿8¢17l)Id pn)perti¢.% are ni&ini8iii¢d Ii).qi¢h J.%t4gndfyrd
d¢pr¢ll￿1￿￿ ts ¢hargLd
D¢pr¢¢l*tho
Vlicrc pro￿)￿rIlL% are Indiniaii)¢d io &Uih A ilJlidai'd diat thtir ¢51iin¥icd rtsidiidl 15 in eNc¢ss uf dieir net buok value at
Drpirciaiioii Ib pfoiyded nil all other t8n8ibl¢ li.i¢d rateb calculJied ro iiTil¢ olTtk cosi ￿ Tralualion nl" Each osset
irr ltscrpeiLL￿ IlALful IIFt as fvlluM%.'
Fiirures and IiLtiiigs
Coinpur¢re4uIwn￿l
B¢N'tt￿ l D*•thiid ?￿.* on w)St
1tt1¢51m¢nts
InTr¢sthieThLS In￿¢S￿¢ni prop¢lliLs are S¢4l<d tsi niatkti waiue. The inistees I￿.1¢W the salue of InNrbLfflthii propertie5
annllallTr L4)lain N"aluJiion5 ￿<1? five }'ears
Rig11￿¢d wid urtr¢alts¢d sai115 ari%iiig oil thc disposal or rth'aluaii()m ot ini'estsneiiLS liid InFeAth￿nI pr￿l￿ri1￿ arc
Deb1￿
LTra￿ ro ¢hurcli¢s •ndoih¢r dtbiors art indiidLYi at ihesettlemL'IIL amoiini duL Prepo1rnL￿ts are ￿￿lUed ai Ihe amount kircpoid
C'x¥li deposSted wlth Gr*¢¢ B¥pti$t Ch4rlilvo Ltd
C'J%h JiPilSiled willi (rraLL Bapiisi C'hariiiis Ltd is a $hthrt Wylli liithl) li4￿id InvkstTD￿II i*ith Iniimrip. ol'ihrw Inonuls
ur1¢Sb froim dale of o1)en1￿4 ol'ihe deposii

N380¢1AIIOII OF GRACE BAPllSTCHURCHES
180UTH EAST)
NOTF.S TO TIIF. ACCnlNNTS
YEAR ENDED 31 DECEMBLN ?01;
(co￿11nUtdl
C*$h #l bAn
(.￿h ai bJnk in¢lud¢> and sliort renn hi¥hly liquid i￿￿*51￿1¢n￿ ￿..Ith a %h(Mt I￿￿￿rI￿ 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 pr￿enT 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 0￿rai¢S a d¢fiiKd wnlr1knLl￿n peiisiun s¢hme C'onlrib￿t1On5 pa>*bl¢ ar¢ thar8¢d ill the StalLine￿i DfFintybi&l
ALllTrllleS
Im)
R¢51nc*d 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
Ihtt*t 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
Tgt*l
21121
Tot#1
3 I%C1)￿lI. kRI)IL T CIIAR(TABLE.4L TII.'T'ITES
l onsolidgttd
Iii¥ome Iti¢1￿¢￿ fi￿ll 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 I*COIIF I)I'F.STIIEYT
20
I'ir¢strl¢te
zo
Z023
Total
2022
Tot&1
Re5¢rlcttd
Inir51111cnis Iisid ort reu)wiised st￿kexChQI7gc
In&rstmeiils propenies- re￿1￿ 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
1'0ry8tylld*ted
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¢￿ti*d
2023
Res¢￿¢(￿j
2023
Total
21J22
Totgl
C'onsolidaled
SialTc05ts
Developm¢nl con5uIthii0'
Pmptrt!. expendi1￿re
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 mi￿10￿ 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
lanag￿ne￿i iliarg¢
Trusie¢s' Iiid¢iniiiTI' illbvraiic¢
Ini¢res11?aid i(> chllrih&% and ￿.%ts
Bank Lliar¥s ¥uid In*rtsi
40
40
60
877
397
Ji8
434.1)19
05.79l)
?5 t)5j
¢￿ts.
L¢gJl and PTiifeislon￿ f¢¢5
Aullill￿5. Iti%
C'D5ts o1.mLX'iin8S
85
30
2.977
li 36
407?
4.672
13.949
Tutxl Lxpfknd¢i￿rt rhurOl¥bl¥ a¢tl*ldfS
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'¢1￿1)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￿ ¢9111￿￿1th1 duTiiig Iliv %.tar ¥tras-.
Z023
Hoad C'ount
2123
2022
Ile￿￿ C'punt
2022
Flt
AsF()Clalluli offiie ￿art
H￿n¢ Miss101i ￿art
Tothl siaft-

SOCIATICII OF GAA¢e WTISTcMURC￿s
I$QUTH EAsn
NOTES TO THE ACCllVNT%
YF.AR FNDF.T) 311)F.QF.MBLR ?11?-,
Icontinucdl
9 KEI. IIANAGEMIEN'T PERSONNEL
Tlie manllwi1e￿l per5011nYI fui. th¢.4ssociativn ar¢ A&$oLlJilI)n SecreiaTh'. c￿￿pai)Y ￿ld Finunc¢ Officer Thctotal
¢niplo>ee bthieliis receii-ed p¢[styi￿¢1 ￿￿ere
2023
2012
Salarj. Ivsis
NationDI Insurali￿e ¢￿ts
Emplotrei's pe￿%1￿ conlribiilion
BeTrefiis in kind
li7.332
13.546
10.7?6
lio
10 C.IL4*TS PAY.4BLE
C'on5Dlid*ted
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
R*pii%t Cliurili. Chc%harn Il rniiiithel
.4Ekney Bapiist Chur¢h. Abingdon ITrainiD¥l
Graie Churlth. WJlihanisiii%i' (Cli￿riheS Aid Fiindl
(itaic (.'hurih Bri811t￿ ITrainiD81
(iraic Q'lithr¢li Bfi%hL01I
18.288
ifj.$00
IQ 30
10.(
12.n(x)
2.000
3.064
14.000
12.905
i ?.000
Cirncc Baptjsi Churih. N(wdi Ilaif(xd IC'kniirc11¢5 Aid Fundi
Grai¢ Church Snuthall IChurLh¢% Aid Fiindi
Kin¥5 Rniiil Flaplist Lhiirih. Lhin8loid ICh41TchL% Aid Fiindl
5ffl￿1 TrdiDIMg Grants I Cliurche5 Aid Fuiidi
1050
800
18.:88
All ¥[￿￿￿ tth ihurLhL% and InsiiiUilQTrS ar¢¢iih¥r appm%'ed Ihc irusi¢c5 or arc repnrtcd tD the Itusiecs. If beiThg fflade in ￿￿oid9n¢t
%viih Ihc rcrnis nt'a restricied tund Thc are ni&de for the piiwposts otSUpp￿ing memb¢r ¢liurL'hts' Ivitli buildin¥ Irpairs vr
speLifiL prvjK
Grants p#>*ble to In￿*¥1￿Ul￿=
2023
21122
Tiaivinq Fund. wirestriikd 13
Churchcs,4id Fu￿d oiirtsiricied14 grontsi
Cos¢of Living GranLS- unr¢skn¥i41 {10 grnEsI
Bene%vl¢ni FuThd. rostrictal16 ¥rantsi
Pastors, R¢tirin8 & Widows. Furtd- iesirict¢d 19 L*ts¢li¥iari¢si
6.900
680
16.000
1.600
7.081
9.40
39.086
Y.iRi
28.rJ66
All srwits to Indi￿1￿￿)1¥ are upproizd b!" Ibt tsllbl¢¢j Lhe &xttpiiun vf8rJnLS Injffl lli¢ Be￿O,01￿ni Fuiid wliicli. lor rcas0￿$ 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. T*DF.Pb.%l)F.h4T kl&hl1).4TIOTr .4ND ()TIILR FIN.IN'ClklL SERI'ICE5 FEE5
C'onsolidait
Th¢ Liimpan* s A￿￿7[￿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 S￿IL
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.
Ttyi*l
,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 sai￿s
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 [kL￿1thr ?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>ifj￿￿I valualipn5 lor all Ili¥ I￿￿eSi￿till propeiiies In Decen1￿1 2021 Tli¢ liiisttts li*Trt us¢d Ill￿ ￿ th¢
basis lorihe currtnr valulliion and havt adItssi￿ It bi r¢f¢wi4¢ 11) th¢ national house priie Index iiitorm￿10I7

ASsoc￿n0N OF GRACE BAPTIST CHURCHES
(SOUTH EAST)
NOTES TO THF. hcLnirKFs
YEAR ENDifJ 31 DICLMBF.R IIIryJ
ICMil￿Uedj
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 D￿embe1
22
169 iflll
The iru51L'¢S obthiii¢J profc.%siotsal valuatioiis for all th¢ Inv￿¢1)L pfi)pertlLS in Dec￿nbir ?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
In￿r&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 in*res1 rtre aTrJ rep3iable wilh1￿ ioi l'ears Indiided within luI￿g ￿ 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•%Thlid*twJ
C'ouiilies and C-￿nbridg¢ Bank 95 dajjs li￿1¢#
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
funT*aiMi
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¥p*iidiEure
?D21
Oih*i'
fth￿ar(l
TraTr%fer.1 202?
Illll022
J11121?1122
('harit
?19773
('hur￿hL* 4id l-.und
Y9.31
T￿lDing 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)",
Bro￿h1
fotityai.
(Mrried
furward
ITJrom¢
uiher G¥ins
TT*ll5fers 1023 1 ILr*￿il
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$' Reiiring 9md WidowB' Fund
19.8281
52.U65
J8;.1ti8
637.84?
383.991
66.9611
Brougbi
Corwatd
111111122
F.Ip¢hditui't
21122
Other G*lD$
IILossE51
21122
TY4nsfers 2Q12
3111212022
L￿n5￿11d*le
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.?.$4
166.9101
l O.W8
479 964
Briiught
r41.ried
ip¢nditur¢
2022
Olh¢r Gakns
2022
TiaThsftrs 2022
Iiir2022
JIIIZI!VZ2
rharfi
33.443
Home ￿lIsSi0n
Aii¥htun
Ben•olint Fund
L(ban Fund
Pa51ThTh' RrliiiTr¥ pmd M'idn*5' Flliid
sincl￿rFU￿￿
4.769
166.3?Jl
3,702
43.417
16.919
7).694
3hl.809
5J?984
7)0
37.U%6
[9.6)))
i7.771
i8i.wl
4I)x.948
1 ?.8W
1?8 8891
4.£69
H*iYthorn Famil). Cha￿tablE Fund
Thig liii)d Is gvl'erned d l)eed ddiLd ioih F¢bTu￿7n. 1999 tironi% are 10 mBde io nomiJi¥¢LQ I￿￿er11111g churche5. The lundikes
iabli>li¢J bv & dorlatitm. 1114llldinB lax beTh<fiL of £70.0th1 Thi$ fund li￿ ￿lI￿su1$h￿l
Home M153ion
'riiis lund ¢Xi%l.% LO pmmolc c%oiige11511Tr Ili Ih¢.-Iss(rflDliOty chur¢h¢s ihmugh education. Irwning advi¢¢. t￿11-11l￿¢ and slioff-i¢trn
workrfs projects. The IivJiority 01.￿1¢ fuNdiii¥ is ilbruii8h d￿at1￿1& from LliurLlics and 8raJii iM¥um¢

ASSOCK4mON OF GRACE BAPTISTCHURCHES
(SOUTH EAsn
NIYfF.£ TQTHE ACC'C)iJvr.s
YEAR ENDED 31 DEL'EMBER !V•
lcunlini￿Jl
21 RESTRICTED FIINDS- CDndnue
Il*>es L*Tr¢ •Thd Dlwne FuTrd(31
These Fuiids arosr lioin l¢RaiiES receiTred lo be applied lor tlbe ben¢lit of sp¢¢itiL ￿h1￿￿lieS ai the dis¢rdion ol'lht direeiors ufGra¢¢
Bapiist C'harili¢g Limiicd
Fund
'Ihib IS a fiind.Aet up 10 prumotc ri￿n￿ell5117 Ilirough a IiCV¢ ihuikh pla￿1 b&4ed iii Rri8hiwi This hjnd ilosrd Iii lh¢ ￿r{r aTrd ihe
rnoThti or*iird lo Ihe ii¥ivlTr cvn511tll￿￿ churih GrEice Church Bright￿7
B*rLe%d¢DI Fund
This h￿d has no ¥overnin4 In5trLullent fjrJnt$ 4r¢ mad¢ to Chrisiians in needy eircumsiaiiots.
Lo*n Fuhd
D￿-1￿7&On ol"Trusi d*¢d 97111 Ociotrrtr 18918Oltnied Ihis lund Inkr¢si IIEe Iollns nicde tn ¢liurth¢s lor pui'¢has¢. exi￿ls1O￿
bureRu4YaiiL 4oiijpll¥￿ioLts iiiu¢k il ditliLuli to co￿linUe to Inter￿t (ree l()aiiN li ￿1% d¢Ll￿.d rhai Ihc muiicy H-ould bE niad
#I'all￿ble 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<d2nd N{)￿ell)ber I9￿ Boierns this lil￿d Gran¢s ar¢ mad¢ to r¢iii¢d ￿l￿r$. aiid th¢ir w.1￿)1¥5. ha¥
i)re%'i1)L￿1> Knnliibiilrd lo ili¢ tiind and are iviihoui a{￿qUate means ol'slippL￿ Ilie lurt(l is Llosal iii Ibl¢tnb¢r5
Sinclair Fund
This luiid iijs t4tahlishcJ by- a iNIll &iir(I I I Scpictnbu 20n i The ihurch * GadL4)ridBe. Hemel Trlemipsiead. hL% filSI LAII Jny luvd
5inB tri￿7 Iit l¢qa4
?025
2VI3
Iv￿ Lyirreiii
?023
21 .4Tr4.4LTr"SIS OF IF.T AS.sFrs
Consolidat¢d
Tthi¥ibl*
T*r
LIqlil￿/CF
liivrfJinJeuts
Totsl
IlDr￿TICicd l und5
R¢siri¥kJ Funds
7.328 31(J
3 A311.439
12(Jn.6311
142J.6h51
7.974.469
h37 84)
.3iO.4iQ
1311.$112I
J.66?1
2U2•
2632
21122
Fi¥4resltYrpreviouA JieilrfvrcoffipKri5Q
lftiieshiients
T￿NSIble
S5ets
..VvtLwrreiJi
osjets
Trt41
{'w5Dlidql¢
L'nrtstricted Fiiiid5
Re51flLied Funds
3.fi_53.14
.1.909.104
14J7 ¥)61
47.700
1458.6761
fj49.?91
7315 183
4.0.ij.231
1.9LW.164
14.%8.676
?fl?3
Lwi¥ Terrn
?o?J
.4%.4LISIS OF YET AStriE'f5
Twigiblv
Nvfcurrrnl
ftJsets
Tolrtl
CuFr¥Nr ygnr
Unr¢srri¢i¢d Funds
RYsli1￿L<d Fuiids
3.869.ii
408.016
4 ?77. j47
3.330.43Y
261.869
71.948
)i3817
7.461.6iY
479 l}b4
j. j3th.439
21022
ZIIY2
2022
20?1
Long Ttrnr
21122
Fig￿re$[￿rPrV￿￿WS J'eqrfor Lwill￿riS0ptr
53ets
Tvlul
rharih.
Uiif¥Slriil¥d Fvn(Ls
Re￿ricE￿ Fund
2.231.021
401.8()1
.63=.91 ?
-3.*)9.164
71.47?
94.Oi7
16). j?9
6.211.Oi7
4Y% 948
3.9ry).I

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$ corn￿11￿1￿￿ 10 make pllTrmL"Thw In resp¥61 ori￿d 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<cs dunnE thkl'ear lorthcir sen'iL¢5 truths Also. th¢r¢ ￿re iruslees,
Ls paid dircct to third partics
2V23
2022
24 TRI'STEES. EXPF.IYSES
ExpcD5cs incurrrd b!- tnistre.% alld fciinbiirsed. thmwi)ted 10
illio
?6
6 tn]%trts made a loial ot'74 LXP¢nb¢S claims for the cosi ol'trdv¢l 10 nitti1￿￿5 and th1ier C￿lt%.
2S REL,ITLD P,IRTIES
'rhe 1ruste￿ all￿ directilfs Iil'Gruce Bapiisr Lhor111¢5 Liiiiited and. biiLh. hol'e 3n inier¢s1 in ITansailluns iarried nui
beh￿1-01-Ini5ts 311d ¥hurLh<s athnil1i￿ttCd bF the cornp4M> Ihe iliariij. A.4 (Mley. A Cirrd*: p fLi¥8le. B Joncs IAppililll¢d Nov
)0ljl. D J Nfortirncr. N.Ii*i Kl O, Mtsra. P %iiiith. J %ouilicuDib¢ Il-r¢&4urwl Jiid P M Woodley Tli¢TransaLllQll5 iDvolTrt oraiits
IIIWIJB¢mallihar8es paid b). Ihe and ¢hurches adininibie￿d bs ille CompJn)
Tnisi liJn&% r¢laiin8 the li)Ilnii'iM¥ iirre administ¢¢4 the Lern15 01"Liieir"fnJ$i Deeds" Avonnwre Aveijue.. Brighion TnL¥.
Bui￿and CornTllOn Bapiisi Chapel Tru*_ DiidlY%, B￿￿1$¢ Church Tr￿1. 'E.benr/¢r FJapli$t Chapel Illord Tn]si. Pva Rance ChariTh.
F<liliJii?' jliw (-liaprl Tn151' Treltliwn .41'onwick' TntsT. (7addLsdcn Roil. cha￿l-[w81. CiraLY LhaTiii<s YTUbi. Little Wild sireei
Tru&i Lhap¢l [Sw￿L Blpiibil Fiiiid-. Ma￿10rd Lliap¢l Trubl. Putitn F.Nd Cha￿1 Fund. PrO￿Ld¢￿ie ('hap¢l. kill¥>liiii Trllst. Riihinond
Hornes Tru51. 'Salrin Rapiist chll￿1. RiLhm￿id Chall￿. wils11￿¢ Lliapcl
-￿.000 %¥aS 8rUllted to HO￿ comm￿ttli￿ Cliur￿li ol"which Ili¥ li￿Slee. A.4
r)uriiig tli£ I-etsr. 8A lliEErcsr b¢aring lowi ia¥iliry ol-up to t"
Oitlty 15 a trustee £91.5UO Lil'ihe Fuiility had druivn th)svn ai Jear end In addi11011. InkrLSt bellviiig loan of £75.001 IYILS
ath'am￿L Ne￿10￿¥￿ Bop115t cli￿rnI1. Cb¢shani of whiih the D MO￿l￿er is a150 J IrUS￿ The bAlanc¢ al >ethr tnd il'as £9.i17
The followmg related pory, tr￿$￿¢t1￿9 oicurred In Lhe )'ear
A tIwD1￿￿ do ant of £6.InO PDid lo 4drian Cr¢rdys iii lo%F. Joseph P¢re> ￿ Lyiable lo train tth. the mirtist
Dui'lrt& the }eJr. Caleb GardDcrMab cmpliivcd by the A&SOCiaLlI?n w a￿l$l ￿lth archii'ing Hc r¢¥¢iN'¢d £78 Caleb is The 50n
(bl'Abi8ail Gardiitt. fiiionLY Offiirr
Lena king L￿r¢d lor ili¢ Fanoiis N'enis hv51¢d b) Ili¥ A5Y)C11LliOn In Tli¢ lear Slie re£encd l638 LL*J i% th¢ iiite of
.4iidru4. Kin&.4ssotillilnll Seeretao
26 ASSETS HF_I.D 0% BF714LF OF TIIIKD P.4RTIES
Thr bDrnpaDi aEts a% a mu%i iOry)oraiioii IK-ing¢uif4)dian wusi¢e forNAnous cliuKhes aftd rnibts. R￿r￿S artt kepi %*liich Idcniiiy" thr
li ha¥ appoifiied Iiusicc, In iasrs tb) Ilie Chanh Comniissi()ntss. ofvanous ¢lithriiies Iist¢d in no* Zi N%hiih hake been
Csiabli$h¢d to )Ilvorc¢ Ihc 1sThkol'tii¢ AGBLI.SEI In SP¢4ltLC BeoBrapliiLoi arw. Tiie assets lield in Iliis LIPllCIi)' BI 31 DCr(￿hCr.0.j
Ivtrc"
lttvtsimeiiis undtt inanageTncNE
lTrvcsiment prvpcrtios
Prop¢rt￿ us<d fur LhJriiabl¢ puTrogd
Oihu rtti a55tts
LLTrnliS
i.938.2:8
1.771688
2.118.1￿?
6.6?2

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¢*Iii￿15 undLY" manag&nL￿l
1nv¢stTlle￿E 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' ￿$￿trali￿n oumkr I17•J8g Wllli a rryist<red
oftiie ul"6? Bride Sty#L LoDdoii. N7 BAZ
[( Is a sDhAidai3' Ihr iliwiTr as Ili¢ A>&DLiaiion of Oidce BJpii&l Lliurilie& (Suuili EL511 ilie POV¢er ro appoint Lhe directors or
rsLe B4)tlbl C-horiiie& Liniits-d and a150 fCCilVL.% bcnefil tnimi (iwake Rapii5t Chari15¢5 1.ifflited
In prcviou.$ )ears dir ionibinrd iDLJTri¢ of ihe iliartn. lln41 114 tiys brlLTrii Ili¢ le￿1 ul. Illioliic ￿ller< Consolid￿<￿ AlL￿ll￿[S
re requir¢d
(7waL% Bapiisi Chariiies Liniiied H￿di￿g trustee for the A&soiiaiiiMI al. (tf&Li' Ilupiibi Lhurkhc5 l%ouih Aiid il's n￿l￿berS
and ii(li¢r like rninded cliurthrs
j.ig¥ 795
N¢1 fund
In¢ome
EYpttndiiur¢
1149.92_%1
Nei ili¥om¢
6:.733