AS5nCI..ITIO¥ OF
C114C£ B4PTISI" C'III'RCHES
{SOI'TH
IJ%4P4CI.4I. STAI"g%lE%TS
FOR THE
¥E.4R I%DF-n 31 nl_C.LIIBER 1024
Ch¥￿1Y th¥thbtr: 2763S2
C.on¢enlJ
P•8t
Rep￿ of thc TnL%*eS
R<Fth of Ehe In(kpendenr Audiwr
StaE¢m¢nt Ol'F￿anCial AciiYLEleS
Bal￿￿e She
SraEemenL ofcash Flows
NoEe5 10 the A¢¢owi¢s
10

ASSCCIAIK*4 OF GRACE BAPIISTCHURCHES
ISOJTh EAsn
REKbRT OF THE TRL'SIEÈS FOR THE
YE4R EWDED31 DECEMBER 2024
Ihe tr￿Sle£S have ple￿u[C its submittthg thtjr ieKth artd Ihe fjnancl￿ $￿t￿tfIts fot the Assocjatton for the year ended 31st
D¢ce1n￿r 2024 They haie bcen prepared ￿ the forn￿1 Pre￿ilbed b% the Ststefflent of Recommcn(kd Ptactice IFRS1021'AccounLing and
Reportsn8 by Cbariiits. l55ued by thecharir) cornm￿10￿.
Objttflvts ind.4etivlUes
Objetiiits
The obJ¢¢is of the Asso¢iatiot) *re 10.
uphold and rrfomot¢ th¢ Basis
prornole the unity and prosperity of Its Members
devise and crnplo) n￿an5 for the fiuth¢rance of the 8(wel. WIM￿1￿ in th2 Gwphicd Awt*. The Gtographk¢￿ Ar¢4 Js thr￿d as.
Lon￿￿ B¢dfordshir¢. Berkshty¢. Elu¢k•tr¢. Cknthftd8eshty¢. Esstx. Haknps￿T¢. H¢rtfortsbir¢. K¢nL OxfOrdsh￿C. Surr¢y
8t￿ s￿$s¢X.
The %nLSEees seek ro achmr the thjecrs of the Associat￿n by encourn8in8 fellow5hJp bets￿en chuTel)ts ￿ prayer. ¢van8¢lism praciical
con<em ihrough an Annual Mcdin8. Trairun8 Even￿ and rc8ular Disiriu and adiviljes. supponJn8 memb¢r ¢hw¢h¢s In their
inir4iives lor th¢ pl8nrin¥ and rt-pl8nuJ)g of ¢hw¢h¢s in SPth¢¥8llJ need). ¥¢as. pto%?dth8 h¢lp 0￿Se119M throug￿ awinied st&tT. th¢
provision of ¢onfer¢￿¢S and pr(tht¢on of a pr4y¢r buiktio 4nd thi ¢w¢u14rs The tnts¢e¢s ajy) seek io ensure rnemLYr
churches continue ro fimcElOll elycaively b! keepLn8 them ￿fOrnIc￿ reg3rdETh8 Ic8islaEton prnCii￿ mailers relirinB to propeny. fIn￿Ce.
EBxation, ujsuranet eic.
The uustets ¢onfm thai th¢y had r¢i¥d w the 8Uld￿¢¢ by the Chmty COMMI￿1￿ on b¢n¢fii When p1am￿R th¢
a¢ii¥'iii¢s for th¢ y¢aT
Gr*ni-th*klmff PolleSes
Th¢ ihwiry snvitts appliiaiions for f￿thns from ¢hw¢h¢s v¢ #lTiliatrd ¢0 th¢ Asw¢i•iion of Grac< Bamisi Chllrchcs ISouLh E&stl Thc
4ppli¢aiions Are review¢d agaw¢ sp¢¥ifi¢ ciiicria and objrft1￿s. 14luch Ire 5a by th¢ CotDrnllltt. All tunded projects atc monjlored and
TCvic￿ed on an basis
Tr ¢h4rity may ￿$0 ma*¢ Sm￿1 gr￿ 10 inthvLdual ¢hw¢b nKmbus •nd pa5Ko fr¢4n ¢hyrc￿& are affiliitrd ro the ASS￿1￿11¢)￿ or
fjra¢¢ Baptist Churches (Swth FAstl
Athicvemen¢s I'trforman<t
The AsY)¥1o11￿l f￿1111¢d Ils obj¢¢iiv¢s thrr¥J8knui th¢ y¢4r
The Association had 78 membei rhurches and ¢hut¢h pithis ￿ the end of 2024 Thetc is ¥ %4id¢ r¥n8r of*¢li￿lI¢S t4'ithin th¢s¢ ¢hur¢h¢5
in¢ludin8 M'¢¢kly publi¢ iiorship xm¢¢s. Sunda) scJxx)l* pr•i¢r m¢<tiny. thilthn's and >￿Ung rwle s groups. clubs for the elderly and
outy¢a¢h events ieachLll8 dI￿r$¢ COmTh￿l￿¢s.
In Much 2024. th¢ Chanry orw15ed ils thjrd P•AOts' & Elders. (kn18hi¢f ¢LMferth¢¢ h¢ld 81 th¢ Hi8h L¢i8h Confercnce C¢ntre irt
H¢r¢foTdsliiTe 75 men a¢¢¢n&d and Iistrned ￿ PTeachJnB L% wrll as Enteracun8 in youp th$<￿S1onS Thc Sall￿day 'S4ved2Serve
conference for }'owi8 people Intere￿£d In Chnstian 5eThLce platt 15 ll (kny CODfereThce ai ihe end of March 2024 with artrw￿ 70 young
people allending
In June. Ihe ChariTh vr8anised its se¢ottd.8wnmtt Cfmf¢mKY aimed ￿ LThVI(Itl8 tr•w¢¢ pasiors and Pas￿>￿ from noA-AssociAiion churLh¢s
hear hiyh qU￿lEY lecEUTeS from o Daptisi theologi￿ Thc srrt&er Leonardo Ik Chwi<o from Ira]} on'same W'ord5. Differeni
Words, comparLnB the view of Evangelic￿$ and Roman CathoJic5 10 the of G(wJ ITr 0£￿ber Z024 the Charily also Ils SEcond
rtsideniial ¢onf¢r¢n¢e foi 15 traine¢ pa#ors t¢fore the annual Assoei?tson D•y Th¢ m*¢n sFaker at both ¢venis WAS Gre8 Gilbcrt Irom
Third Avcnue BDptiSE Churc& I￿￿15¢￿]1c, kenwcky. USA
The churchcs 8ath¢r¢d th ￿r$OTh fw ow Ass￿14¢]0￿ Daw ajd AG.M m O¢tvtrtr 2Q24 •thd *¢re pleased to ¥4¢l¢oJne %￿ra1 pastors
had b¢¢ft appoinied to Churches thuin4 the prcMou5 )rar The daj llKlu(kd traching tAmlSLr)' and church rewtts as well as a wcstnlaiion b}.
James N4ildred Irorn CARE on ihe A55istrd D)'ins Bill Ih¢ AGNf w¢1￿Myd 8 churches io th¢ AsxJ¢iaibon. th¢ lar8¢51 intske in many
y¢ar5 ￿7th ¢hwch¢s fr¢m th¢ fomKr Assocvdt*on of Grnce BaptsA Churches I￿,e$l An8liai joLn￿8.

ASSOCIATK*4 OF GRACÈ BAPIISTCHURCHES
R£K>RT OF THE TRUSTEES FOR THE
YL4R ENDED JI DEck￿BEli 1024
The Associati¢￿ Co￿tInUed to b£ LOM>]￿d UL SI￿￿￿[￿ng ony)iD8 (l￿￿ch plJntmB ryoiects Includ￿8 BttgbEon. Didcot and GTttnivi¢h Th¢
AssocLalioD ￿50 provided tr￿nll￿ grants tDrn Ironl A550cIaiionch￿ io enable thetn 10 undenake theolow¢*l tra￿￿8
The Associaiion ￿50 conlin￿￿ to f(tster hdp and beNr￿ chutckn It￿1 by tn¢ourn8ittg aaiiyties in th¢ fiv
8eo8rwhical districts th¢ Asso¢iatx)n This Is Ttfl¢ertd in OnÉoj5￿ th$￿¢1 w4)ew m￿l￿8S. l¢a&rship fraiernals. JouJi events and
8¢ne￿ kn)¢¢r-¢hllrcb f¢llowshJp A Cons￿￿￿On w•$ lauJ*htd r¢8ardth8 a wowol ￿ r¢strucnwe th¢ 8¢ogrAphJ"cal thsitlCLS ￿ rcflecg the
r¢cent ne￿ churchts thai have Joined and the thtTcr￿g contCXLS from Urb￿ lndnW￿ clmwches
F￿an¢￿￿ help was Biven EO churches and the form of 8T*tlls (FKnewkni) iA¢luthn8 8 speeid Hardship Fwid 8T￿1 10 help
churches su￿8811￿8 ￿1th Ihe eurtni h18h t(6iofelt¢rneiry and885
FlnAncial Rt%iew *Dd Flltuyt plans
Th¢ toial timds of tbe ¢haTIts m¢r¢ased ro £8.078.675 dwub8 2024. a of 1.7% ThLS UKluded W￿e￿ISed sa￿5 of £236.578 on iht
rev￿u3[JOn of ￿%￿sEMents. ts rocapitsl ￿Owth in the stock mtheES. off￿[ thc ¢kf*ii the year.
The mov¢rn¢ni oo b¢fort ukiD8 a¢¢¢uni ￿1 ga￿￿ on En￿su￿¢nts a &fKiE of £94.944 The deficii on the General Fund w&s
£126.637 By contrasL th¢ 5wpJw Lll 2023 was J of a excep1mm￿l prrKe¢ds from the s￿e re¢bJndkni manses. Ifthe except￿rt
procttds are excluded then the A55(Kialion thcwred a deljcii on irs GertTJI FW￿ in 2023
orne
Total incoll￿ m 2024 deCrea￿d by 72.1% Ihts splir betsbtefv a th¢re&se of £l.115.lJ4 ￿ unr¢stri¢ied hjnds, uKome and a incr¢ase of
£18.910 in regtri¢ied fw)ds' Income This 10 e¥c¢wonal snwme In tht Pri￿ y¢•T r¢sultin8 frorn the sale of two redunthnt rnllnses
Ch)¢ of mAnse5 ￿05 pf¢viously h¢ld *% ChanEaFAc prorrtrtj. [¢￿ ihe other th¢ AssociAl￿Tr was Uie uliLmalc brneficiary uwn ¢loswt ol"th¢
¢hurch If the excwional Lncome Is excl￿ the UKome on tht Fund ifflue*ed by 14 5% lTrus is mainly du¢ in¢r¢as¢ In
Inv<strn¢ni Inwmt on the exception￿ Pr￿¢<0$ Te¢tiitd y￿.
Toial CA￿￿all￿¢ in¢rta5ed b) E66.447 VAS spjil teiu¢en • Inty¢￿ of£62.075 ffi wrni¢t¢d fimds. ¢xFnthiure and a Incrcase
£4.372 in restriL*d thds. ¢xwidiiuTe Thc Jncr<¥* arose ¢0 U UKfe*t sra(T costs due to the apJK)intmelli of Bn
Opcrations Manager the costs olthe surnmer re5J(kn¢i•l conferente
IRe
A cornpcehettsive fmancial rcvm¥ iakts F4•¢e eacb No*mber and p)liC￿5 b￿j8ets for y¢¥ ah¢*J are <sthblished and refincd
Thruugh th¢ y¢ar. th¢ btsd8el Is ¢ompya *Yth xwil 1xrf0rnmn￿ ¥ th¢ Commiutt m¢aiDgs follo*in8th¢ end of ejeh quarter This Lnfonns
Ib¢ bud8ei lor the nt%% cal¢￿d¥ >e
Invesimtni powtrs
Thr trusie¢$ have PO￿*r 10 inw¢¥. subjecr to th¢ Tnwt¢ Aa 2000, se¢k to awlid th￿s[ments which are Intottsisitsi %4'ith tvan8elE¢
ethic￿ $iandarth
InvcJ¢meni polity
The Invcstsneni Polic> WAS rtvi¢w¢d in 2021 th¢ btlp of aft uJthpen(krt fjnancial thser and is re8￿1￿rIY ths¢u5sed ￿th the Investsn¢ni
rnan38ers (o ensure li remains up to dale The T￿slee5 Ch(￿ io UWe51 th¢ excepuona] priK¢¢ds from the K¢tV f¢dwidaDt U8ns¢ in a n¢w
ponfolio ￿&th al*rnaiive matwyr lo furthei lh¢ AssO¢i•U(*'s in¥¢s¢nxDis

ASSCCLITION OF GRACE BApnsTCHURCHES
ISC4JTh EA$n
REPORT OF IIIE TRUSTEES FOR THE
YEAR ENDED 31 DECEMBIR 2024
RtJtrve5 Potity
It IS the wljcy of the ¢lthrtty W tDa]tstsirt w￿t￿¢r2d f￿. ar¢ frtt rts¢twts of the chanry. Ai • ltyel that equates to approxujjately six
mont￿. uttrL%iri¢t¢d expenthture This prO￿lL￿ Slltyikieni fimds to co%rr SWA costs. Iiiank8¢nKmi and adrnini51ration and io re5wnd to
emcT8enc} applicatsoE￿ lor 8rants that ma). arise fr47rn fuDe LQ litne
In i￿ent y¢•r& th¢ charity ILmitrd Jts fi￿raISing XlI￿l￿S to dixwton ￿ medings of trustrcs and members around bud8eis and
compari50n of actual oumjrn veT5US budger. Tr chtrit). &x5 emplo) outsi(k or C<x[uner¢i￿ fill￿￿75¢￿. and thes noi make appeals for
fullds b¢yond Ifs mcn)bers Th¢ ¢hariD sub5¢ribtd to •hS' fiJ￿&r#i$￿8 re￿￿81￿r.
The Askxiaiion Con￿lE￿Ie0 on 10th Marcb 1871 The AssoC￿E10n ￿ reystcred as a dbarirv undtr refere￿ 276352
The Committet
The follo￿.in8 exrra¢¢s ar¢ ¢&keo fionl the Cofvs¢irwion RW¢s of the AS￿¢￿¢1￿..
Th¢ Cummirt¢¢ ar¢ d￿rIES In￿rts ofth¢ AsSOci4tW￿ its pr¢￿. futyts.
Tht Commin¢¢ compld¢ ong1$￿0[
7.2.1 twenty ¢l¢u¢d members clectrd ￿0[dance th"s daw¢ ￿ su¢b th ￿liCIeS pro¢edures 4$ may be adop*d from lime 10
rime
7 2 2 the Dismcr RepTesenuii¥ts
7 2 3 the Tr¢a5uier
Up ro 3 persons. th￿1 be Ir￿7￿5 tr ha%t arty nBM4 miy be ttropttd by and to the for the wiod up ￿ tht
nexr AGM
Elettstsn io Commiii¢¢ memb¢Tship ts open llth.vl￿ wh) ￿ • aMb¢r of4 M¢rnt*r ¢hu¢th ¥dapprNrd for clection by ihai
Mcrn￿r ¢hwch N0Th4ithstsnthn8 claw 7 1. ￿ qjloytt of the A￿0ClaI￿ may be a member of ihe Commilte¢ with tht prioT
wrillen con5cnr of the Chanry Cornm￿$
The ¢l¢¢iion of Conunittee memb¢i$ Is b). seua b*ll
No person shall be an el¢¢i¢d memixT unless mrntr¢r of wies he Of th¢ re¢¢1￿$ Ws or ex¢¢¢ds tlx numb¢r whi¢h is third
of the X4¢$8eDB¢rs Ifrorn Mcmb¢r ¢hw¢hcsl preseni ai the rtltvlnl AGM
Subj¢il 10 ¢lius¢ 7 9 th¢ ¢l¢¢iion or apromtmtnE of cacb Conwiiw¢¢ ￿￿rnb¢r l¢x¢¢pt ciTropitts) 5h411 be for & ierrn ol thrce vesr5
Comrnintt member5 S￿1) Iifothmi'L5e quJJifLedl be eligible for re¢lecEion or re4ppDinEmenr as trom tht end of such tetm
Every Commiri¢¢ memb¢r musi sly 8 ¢k¢l•r•tion of ￿'111•n￿￿$s 10 •rt 4$ ¥ ¢h¥1￿. ¢nJs*¢ of th¢ A550ciaiion bcfore h¢ or 5hc is
eli8ible 10 VO￿ ai [￿1) me<iin8 of th¢Cornmir
7 13 The nLernb¢rship of Lhc Conunitttt sh￿1 50 far as N)$5ible (and consisreni ￿1th the above prov1510ns1 k balanced equally b¢￿￿￿<17
Individua15 Ln full runt pBsioral ￿ trthts ChrisiJ•n minisio. Ind Ltsdii'i¢bJals from oihe¥ ￿tk￿ro￿ld$. ¢sp¢¢iAll> thus¢ w'iih exp¢ri¢nie
ol. prop¢rry. fin•￿181. admi'nJstr#ive mDrE<f5. is to yy Jndiths ivho •rc ￿ tsve been en8agcd Ln a profcssion.
busine$$ or trade
Coont¢ted C'h*ritlts
The Association Is conncaed ro Grace B*piisl Chirilit5 Liwbittd Th15thxiry IM)Ids on &posii the Asso¢iation.
Risk mlnagomeni
The irubieey have fjsstsscd the pri￿1p￿ n5ks th whjch the tlwiiy is putstul4r those relitcd EO the optsations alld finthn￿ of the
ehariry and are satisfied ihai $ysiens are m plDce ro miri88* ils expD5ure io the n￿Jtsr risks A nsk re8is*r ts mainiainEd ¥md reviewed
n5ks *id Iht steps thk¢• to mili8•* th¢s¢ irrtlude ljquidity IPmFKrne5 •nd can be 50Jd ¢0 provide 8re&i<r Iiqllidit)). loss of
d&ta s%stem$ Imitigated by conLrndln8 extern￿ supplKr ol l.T and oif-Slte backupsl.. and1055 of ke> ptTsonnel Iproce55es
¢utnenttdl.
InduilioTh Ind tr*inlng oftrui¢et5
An ￿duC110￿ letter Is seni to ntth inskes %%luch r¢frts io their ko Tole and Ii•bLlbr> and lists rt5Fwibiliii¢s ￿.hICh tr￿slee5 4r¢ ¢har8¢d ￿1th
fulfillthg En¢los¢d ivith tht letter is publi£*tiQn b). the ChariN Commjssion entided"The Èssential TnLSiee Whar you necd to kno￿
The lener has been updated io Mdicafe thai tnLsrees will be traLnillg optx>rtuniiies from iimt W lime ThE ¢harits'S fund
mana8¢ts. Inve51ec, a scnes tsfts&inin8 sen￿nIrS t4ch y¢¥

AsSOC￿TION OF GRACE BAPTIST CHVRCHES
ISOUTH EAST)
PEPORT OFTHE TRUSTEES FOR THE
YEAR ENDED 31 DECEMBER 2024
lcontin￿dI
Arr¥ngemonis for 5etling paj" *nd remuntralion of mxD*gtmtit perstsDnel
The Association's pa> polie) ¢onfiTtns the arran8etnenlS for setting leliels of remunernion=
All ¢mploye¢s' salori¢s art revieuyd annuall) as ai 1st January ofeach vear.
The Fxeculive Commiltet sds the rale of annual llJcrfdS¢ io iy applied fw all ertwloyees a5 part of the Finincial Review in
November. This is rewrted io the Main Committtt.
Any oiher changes io salaries or ten￿% and ¢ondiEiOllS are ny¢¢d b> th¢ Exccthivc CL*Miiiiet 8nd repth1ed ￿ ihe Main ComTniiiee.
Responsibiliiv of ¥Dd d¢k8itioTr.
Th¢ followin8 exiracts art iak¢n fTom the C(XL4itution awj Rules of th¢ A%￿lati￿..
Powers of the Commititt..
10. 110 apwinl a Trrasurer subject lo approval by the Memb¢r ¢hw¢hes tn gencrnl meeting and other honorary orr1ee￿.
10.2 to d¢le8aie an). of their fw)etions 10 sub-¢ommittee5 consisting of thrtt or more p¢rsons appoinitd bv th¢m.
10.3 10 ¢l¢¢t an Ex¢¢wtv¢ with the comrA)silion. fvnciion and delegaied rthvcr5 sd out in clau5￿ 1 l and 12.2.
10.4 ie rnake Standin8 OrdeTS consis¢¢nt ￿7th this C¢)nstiwiion ￿ Bovem prfKttdings al lkneral Mttiin85.
10.5 to make Rules iollsisknt with thi5 ConsEllUtion th¢ Cffluhillee And sub-commiiiees.
10.6 to make Regulaiions consist￿1 %%ryth thi% Consitlulion th¢ runnu>8 of th¢ Asso¢i&iLm.
PoMer5 of the Executiyc..
I l. l The Executive %shen cornpld¢ shpjl wrL5isr of th¢ Chairnian. the Treasurer. six other Commiiiee rt*mb¢rs ¢l¢¢l¢d by th¢
Commiiitt by secrei bAIIoi.
11.2 The C[￿￿￿11¢Ce may huld an elcclion to ftll i vaca1￿Y Iwhether artual or aniicipai*Jl ai time il ¢onsideTS il expedienl, rnLsi
hold 4n t1￿110￿ befor¢ th¢ end ofany ¢aleThJaT )rar in which In ExeLIAive mcmb¢rship ¢¥PiT¢5 ￿der clause 11.3.2
11.3 M¢mbership of th¢ Executive shall
11.3.1 13k¢ ¢ffect from
11.3.1.1 the dale whi¢h thc vacancy actually ari5¢s (whether thrwgh expiry. rtliremeni. di4ualificati(x) or otherwis¢l vr
11.3.1.2 the dale of the deiermimiion of Ihe resuli o(thr r¢l¢Y4ni clccrion %thi¢htver 15 the laitr.
11.3.2 Isubjert 10 Claust 11.3.31 be for a period e￿Ing on th¢ 31M of Ik¢¢mi*r three years ifttr tht end of the ycar in which the
member wps ele¢t¢d ai th¢ of whi¢h p¢ri(KJ nKmbers of the Executi￿ shall lifothmb?se quèlifiedl bt eli8ibl¢ for T¢.elethion
11.3.3 immtdiiiely itrminaie if th¢ Ex¢cuiivt nKThber thll ¢ease Iwithcrtth ￿￿le￿lon (* re.appointmenii lo k 4 rnembcr of th¢
Commi¢t¢¢.
11.4 Eaeh mcmbEr of the Executiv¢ shNII unl¢ss diwvalifKd by l&w serye Is * dirpctsyof the Compan> (Grace baplisi Ch&riii¢s Limil¢dl.
11.5 The F.xe¢uiive shall fonnuloie. teview. and prtptre to, m￿¢￿5 for dis¢ussion OT decision ai meetings of ihe
Committee or Al gencral meeEjnBS.
11.6 The Executive 5hDII be Availabl¢ for wn$uli4rion on malleTS within the Associ￿￿(￿ SecTd￿'s OT the Finance o￿l<cr.5 remit a￿1
5h?11 have tht power w lake de¢isions in mailers ttyJ¢hin8 the Ay(Kiarion or M¢ml%r chu￿￿¢$ QD behalf of the Association
Secyelary or the Corrunittce in ca5e5 of ¢mcr8ency 14lKre in the Tea50nable judwi of the Execuiivt the tnatter cEnnot awaii a
T¢gulBr OT $pe¢ial Commiiice meeitn8.
Rc5POllsibtliiY of duii¢s •nd del¢g#tlon ¢othilthu¢d
Power5 d¢l¢Eai¢d 10 sioff..
12.1 Subject to clause 12.3 the Commii*t sh￿1 •pp)ini such empl￿et$ &8 are ￿. fw th¢ 5aiisf4cIory runnin8 of the Associaiion
and of the Company irtcludin8
12.1.1 the foll(MirJ8 Officers
an Assoeiaiion Se¢rtary shall be responsible for the da>.tsHla) running of ihe Assoriaiion.
Financc 0￿1Ccr shall be resFthssblt for the fuJart¢ial affairs of the A55ociaiion and of th¢
Comptn%.
12.1.2 81> employtt who $hall wve as Compan) S¢cr¢w of the C(mpany
and ¢gch of whom shall be a¢¢ounlable lo the Commtttee for the (bschar8e ofthcse r¢spoDsibiliii¢s.
12.2 The As50cialion Secrew. FizwLCC oificer a￿1 Company Se¢reiary shall be rtquirt¢ unless I￿J1$posed. to attffld Comrniitee
eetings and Ixe¢Uii￿£ mttiin8S.
12.3 The power lo fix cmployecs ternJ5 of empIo)IrLth￿ linc1￿￿1n8 Sat￿ jrtb d¢s¢riVic￿} shall ￿ delegated Teserved io the
Executive.

ASsOc￿￿oN OF GPACE eAPTEST ¢HURCHE$
{Stxmi EASTJ
REPORT OF THE TRUSTEES FOR THE
YEAR ENDED 31 DECEMBER 2024
l¢o))tjD￿dI
Rtftrtnce and Admini5tratiie DtlAib
Trust¢es during the )ear %were.'
P Fuggle Ichairnianl
O J J(xK5
O Akinrogunde (Appointed Oct 20241 R B King
Ben¢ot) IAppointed Ort 20241
S J Llo)d Ire5i8ned Sept 2024
C Clark5on (Apwinied ￿.1 20241
Miss M O, Mara.,
T Coppetiyheat (Appointrd O¢t 20241 J Southcombt ITre&%urtrl Ires18￿d Oci 20241
A Creedy
D J Mortim¢r ITT¢asw¢r frotn Ocl 20241,
P kearnlty IAppoin¢ed (k¢ 2024
C Mukanga
G Fuhrman (Appoinwd 041 20241
C Ri¢l￿rth IAFY*)itsted Ort 20241
J Rimes IApFx)irttrd Oct 20241
T Rumrnery IApwinied O¢120241
J SaNers
D Skull (Appointed Od 20241
P Smith
A J WiEham
P M Wwjley Irtsi￿ed 20241
K¢ymaTrag¢meni ptrsontsel durin8 the year ww¢.'
As80¢iaiion Secretary
C¢Jmpany Secrdary of Grnc¢ Bapii* Charities Ltsl
Finance Officer
Operations Manag¢r
A King
L Winrnill
A M Ganlt*T
D Sitwart
The r¢Bi$ieTed orrice is ai 62 Bride SireeL Lottht4 N7 8AZ
'I'ht printipxl *dYi%ers oltht chiriiy •re as follow5-
R¢8isi¢r¢d AuJiror5'.
Xeinadirt Audii Limiied. 5 Robin H(yxl lJn¢. Sunon. Surrey SMI 2SI1'
RanktTS
CAF Bank Limi*& 25 knn8shill Avenue. Kingshill. We%t Malling. Kcni ME19 4JQ
Investe¢ I4'talth and Imts¢rn¢N LI￿ 2 (ir¢sharn Srrtt¢ London EC2 7QP
R•thtM)n¢$ In￿￿n¢ni Mana8en*ni. 8 Finsbury Cir¢us. London, Tr.C2M 7AZ
Inv¢s¢m¢ni adyiscrs
PrincipEI Solieiiors
Carter. Lglnon Camu¢m$ LLP. 10 AldtTS8aie SrreeL London. ECIA 4HJ
Edward Corthor SoliciwTr. 10 Th¢ Poinl Mart• Harw, LE16 7QU
Trujttti RtSPOllslbilititl
Thc 1rn5tL'e5 are TtSfH)n%ibl¢ for preparing th¢ TnLsftt5' R¢rKKt knd the fifianthql sthtements in a¢¢ord4n¢t applicable liw atld United
Kingdom Gen¢r411y A￿L¢d Arcountin8 Pnrtic¢.
Law #ppli¢abl¢ to chariiies in EnBbwKI and Wales reqknires the thjsiees ￿ pr¢paT¢ finwi•l y•le[r￿ts for each financial year which 8iv¢
Irue and fllir vitw of Ihe charity 5 finan£i•l a¢iiYiEi¢$ in th¢ ye4T thd of its fittahti*l pxsilion ai the end of th¢ yeHr. ITh prtparinE financial
siaitmenis 8ivin8 a Eru¢ wnd fair 51¢%%, thc trusiees are requirtd ￿..
5ele¢i suithble 8c¢ouniin8 poIi¢i¢5 •nd thcn apply them cotLSi$l•rtlr*
observ¢ th¢ m¢th(MJs and principles irt the Charities SORP..
mtse judgements 3tLd e51imale5 thai Teasonable w)d
slate applicable UK A¢¢ounring SiarKiard5 haie been followed. subieci kn any marerial departures. and
prepBre the financial $tar*nents on th¢ 80in8 coocern b¥1& unltss il is inapprLyia* w PTtsum¢ thai Ih¢ tharity WYII Continue in
op¢raiion.
The In￿L£t$ art r¢5ponsibl¢ for k¢¢pinB propcr attountin8 re¢￿d$ which dixl¢Js¢ with r¢a50nable accuracy at any lime the finan¢ial posiiion
of Eh¢ chani> and which enable ihem 10 ensure that the financial 51atenKnls compl). with the Chariii￿ Aci 2011. The> are 2150 re5PVn5ible
ror Safeguarding the a55¢ts of thc charit)" artd hertee for tsknn8 ¥¢w(MJable 51eps for the PTeienlion atd detection of fraud and oth¢r
Irregularities.
FOR AP4D 0% BFHALF OF THE TRI"5TELS
D.Ilortimer
Tru5te¢
62 Bridt SiTee¢ Lo[￿0￿, N7 8AZ
7th Jul) 2025

REPORT OF THE INDEPENDENT AUDrfoR
TO THE TRUSTEES OF
AsS￿lATIoN OFGRACE BAPIIST CHURCHES
{soirrH EASD
Opinio
We have a￿j1*d the fu￿¢111 sta*mtnts of tr ASXKj￿i￿ of CKace BaOi5t Chw(hts IS(Mth East) lthe -Ch￿ilY-) for thc y¢aT cndcd 31
Dc¢¢mber 2024 ￿Eth ¢ompris¢ the Staltnjent of Fill*￿1•1 BaJan¢e SheeL Swtrm¢nt of Cash Flows and notes io thc financial
5talrmet)￿, inelwjing a summary of sipJifJcaM acc¢)urLiin8 wlicie5. The financial re[￿ing fiamewoTk thai has betn wli¢d in thcir
pT¢paralion 15 applicable law and Uniied A¢wJniing Stsndards. in¢lLbling Fin3ncia] R¢porting standard 102.. The Financial
Reportin8 StsThJard appli¢able in th¢ UK and Rwubli¢ of Ir¢lèThl Iuniwj KingiknL (knAll> A¢cep*d Ac¢owitin8 PTacii¢¢l.
In our Iyini(xJ the fjnavial siat¢ments'.
ve a tnK and fair View of the sw¢ ofthe ChAriiy's •ff4iws •$ ￿ 31 Lk¢¢ME￿ 2024 aTh4ofits incomin8 re8tyJr¢es and applic41ion or
have b¢¢rL prowly prtpared in accordance Mryth United Kingth C*nerally A¢eeotyJ A¢¢(￿1n8 Pra¢iic¢,' and
have b¢en PTepar¢d in ￿¢¢￿d￿¢ wryth th¢ r¢4uir¢nk7Jts of the Chariiics Act 2011
We CO￿Ju￿d ow audii in a¢ecrfdontt with 1nl¢rnali￿l Standard% on Audiling IUKI OSAS IVKII 8￿j applicable llw. (h￿ rcsponsibiliii¢5
under those siandards are (ulther ¢lesthbed in the Audiitvs f¢SFKwibiliii¢s for the A￿*11 of the financial siatements 5ectith ofour report. We
ar¢ ir¥l¢p¢ndrni of th¢ Chqriry in Accordance the cthical Tt4uif¢¥Mmts that aTe rtlevani atyjii of th¢ finan¢i•l M4i¢m¢nts in th¢ VK,
includin8 the FRC'S Ethical StsndArd •￿1 w¢ h4v¢ fvifill¢d othtr tthical resT￿SibilitieS in aceordxn¢e th5¢ r¢quirements. We
bElieve thot the 8tsdii t￿dence wt hW¢obthl￿d 1$ •nd4ppryi•* io A b•si¥ our opinion.
Coll<lusloDs Telitin% lo loin% coactrn
In audilin8 the financial ytalemeThis. ** h•ve ¢t￿l￿￿d th¢ InAstee5' we of the ¢on¢m bwis of 4xixJnlin8 in th¢ pr¢parnlion of
the financi￿ Sthlem¢nts is appTOPriate.
on thc work we have FrfrfOrn￿ we hve fmx idthtified 8ny ma*rial untthlinues ￿1￿ing w events or condiiions thai, individually or
colle¢iivtly. may Casi si8nificani the Ch•riiy'$ •biliry as • 8oin8 J pmod of al l¢&11 12 ￿unth$ from when
th¢ finpn¢tal slalemcnts ar¢ iuthorised for issue.
Ow r¢spornibililies and th¢ r¢swwibilities ofthe with r¥pea ￿ going •r¢ dcxribed in th¢ r¢l¢vant s¢¢tions of this r¢p(bX.
Otb¢r Inform*lbon
Th¢ oth¢r infiKmalion Cl￿PrIY¢S the inform￿lON in¢lth in th¢ ￿￿1] rerrt incI￿alD8 th¢ T￿￿*¢$. oth¢r than th¢ f¢nwn¢i81
sthiements and our audI￿r.8 re￿￿rt th¢r¢(xJ Th¢ •r¢ rt¥wL%ible f(K the other itifomiaion ¢Mtsithed within the annual report. Our
opinion on thc fin3n¢i&l sthl¢nJ¢nts cover the ithr inf(¥m•i1￿ excem to th¢ ex1￿1 otherwts¢ expli¢iily 5¢al¢d in OUT T¢wL wc
t txpress any fo￿ of &ssuran¢e ¢￿I￿￿10n th¢rMn.
Our r¢5porksibility is to rcad & (Ahtr irtfomuiion in $0. c(ffjsider whether th¢ rth inf(rni(rfJ is materially inron5i$¢¢nl with thc
rinantiil stsi¢ments or our knowled8¢ obtsined in th¢ ¢ow5¢ of the a￿lL w othEM5e ¥peaTS kn be M￿triallY missia*d. Jf wc id¢niify su¢h
mat¢TioJ inconSlSlencies or apparcnt mDi¢rial misstakments. •r¢ rtyuir¢d 10 d￿ern)In¢ this rise to a maicrial mi551&1ernenl in
the financial S¢4E¢m¢nts th¢ms¢lv¢s. Ir. bascd on the puf¢rfrt*4 ** e(rtKlud¢ there is a mawial misswcmeni of this other
iThforn¥tioN we *rt required thai I￿.
W¢ h4v¢ nothinB lo rep(￿1 in thi5 regard.
M*lters on whith wt n4uirtd io rtp•rt by tx¢tpil••
In the lighi of the knowledge and tthd¢rs¢anding of the Clwity. its ID the ¢ourse of the audiL we knv¢ id¢nlifi
miierial missl4t¢rn¢nts in the msi¢c5' re￿1.
W¢ h4v¢ DothinB io rr[￿rt in rEsr￿th ofthe following matt¢r5 in W¢1￿1￿ to thidL the Ch￿l[leS A¢1 2011 Ttquires u5 to Twi ¢0 you if, in our
opiniotL.'
adequa* and proper a¢wJnlinB rec￿d5 ha7K beth ktyL (ff •Jequ•i¢ fty have not been received from ￿4￿cheS
DQI Vjslted by ￿.,
the finarjcial s¢aitments 8J¢ Nt in agreenKnl w?th the act￿nI1￿$ rt¢ords and or
certain di$¢losw¢s of th¥tecs' rcmuneraiion $￿tir￿d by la￿. are Th)t made.. (Y
we hav¢ noi T¢ceivcd the inf0M￿li0n I￿j txplanailons require for our

ASSOCIAIIC*IOF GRACE WTIST CHURCIES
REPORT OFTHE INDEPENDEN[ AUDITOR
TO THE TKUStEES OF
ASSOCIATIO￿ OF GIL4CE BAPTIST CHLIRCHES ISOLTTH EAST)
l¢on¢uJudl
Responsibilitits of tht tTUStees
As ¢¥plained more fijll) in th¢ tnLSttts' r¢sr￿￿]bl1lU4S statarKnL th¢ aT¢ ftsFwsibl¢ for the Preparniifft of the fsnancial %thiem¢nts
and for ￿1)>8 saiisfied that they give a atsj fair vits4'. and for itthernal tthtrol Ls they de*rminE 15 nece55ary lo enable the
pr¢paration of financial stat¢ments •r¢ f￿¢ from mat¢nJl frawj
In pr¢paring th¢ financial slalem¢nLS. the rurrtKLSibk for asxssiDg th¢ CtWi¢y's ability as a going cone¢rn. disclosing.
as applicable. matters ￿lated 10 goin8 ¢(m¢ern awj vsin8 the 8oin8 c4)1￿ b&si$ of ac¢4yJntin8 unless the either in*nd to liquidate
the Charity or lo c¢￿e opera111K￿, or have realistic alternative dD50.
Audlior's respo#slbllliies (or the *udli of fi**tytS•l stsitmt*ts
W¢ hav¢ b¢¢n Bp[K)InE￿ 4wliWr UDthr %di(xJ 144 4rKI th¢ T¢l¢v•nt r¢guiauons m&(k or havin8 eff¢¢i
thereunder.
Our obj¢¢tiv¢s •r¢ to (kntain rAsonJbl¢ the fuwKial Swer￿¢$ as a free from rna¢¢rial misstalemenL
due 10 fra￿8 or error. atyj 10 issue an I￿11￿r.$ inclth our opini(Ai. Reasonable &ssurance is a high lev£1 of a55urance, bul
15 noi a 8wani¢¢ tha¢ an I￿11( in with ISAS IUKI *ill al￿4>5 de*ci a makrig] missthtrmcni when li exssts.
MisylatcmEnts can arise from fraud OT error are ¢onsi(kred material if. indisidulllytr in the J88reBatc. thry could reawnibly bt expected
10 snfluence the ¢conomi¢ de¢is¢ons of usets ¢aken on the basis ofthese finorKial sth*ments.
The extsnl 10 ￿1¢￿ ow pro¢¢dure5 are wable Ord¢*￿1￿ urryu14wiues. uKltyJin8 rrn￿ is d#&iled b¢low.
Based on our wthsiandin8 of th¢ Chariiy, w¢ ideniified th* the pnn¢ipAI risks of rmwliance with laws arml r¢8ulJlions rela1￿
chprit) le8isla12(XL and wt considered the extent 10 Mthith Mnrf(KwJliance mi8hi have a matrrial etred th the financial siathmettts. We also
considered those laws and regulaiions o dir¢a impart w th¢ pr¢paraiirth ofthe fJnan¢ial sth*mcnts th¢ LhaTili¢S A¢1 2011.
We &*sessed the suscemibility of th¢ Chariiy's financia] to m￿1•1 Missthlun￿L includiDB obthinin8 an undersianding of how
fraud rn1￿1 oc¢ur. by m1k1￿ ¢nquiri¢5 of c4xJ5idm$ th¢ Int¢rn￿ cimtrol$ in plK¢ aryl di#￿79n amongst thE en8agemcnl
team.
We de*miined thai the princip￿ iisks wert reltsj bias in acco￿tIng esiimatrs incI￿11n& Valuati￿ of inv￿￿￿nI propcny.
M￿￿8¢￿¢￿1 ¢)v¢rrid¢ of ¢ontyols •nd th¢ m1w1￿rn¢nI ofinvesth*rt¢ arvj w(werty tr*WiithLS.
In rtspons¢ 10 the risks s¢kniifia w¢ thsi8wi pTr¢ed￿ whith inclwkl. bul wrre not limitsj lo challen81fi8 sI￿1r1e&nt accounting
eslimBl4 evaltsa¢ing the Chariiy s iniernal controls aTrJ of inves¢meni and property transa¢ii¢)ns.
'rhcre are inh¢r¢ni limilaii(Y)5 in the •wlil prawluru dt5tribcd kn. The renmwed th*1 and re8ulati￿5 are from finan¢ial
IrBn5action8. the Itss likcl) il LS thai would be¢(me I￿*re ofrth-compliance. ma￿141 miwa*ments thai 4ri5c due lo fT4ud (an bc hJT&r
itr dcieLI thon Ih05¢ tha¢ aris¢ from ¢rn)r As th¢> may involv¢ d¢libcr4Ee co￿t￿lmCnI ￿ collLLSiOn.
A further destripiion Of(￿ responsibiliib¢S for the audii ofthe finafici￿ sth*ments is lou*d on th¢ Financial Rep￿1￿8 C(wn¢il's w¢b5it¢
ai.. hiip.'Ilttyww.fr¢.org.ukI4￿]$IlY5r￿P)￿SibIll1lC% Thi5 d¢striptiw of our I￿11￿5 rerthi.
Ils¢ of our ￿P￿rI
This rep￿ is mad¢ solcly io th¢ Charity $ truslecs, a Tr￿Y. in ac¢ord*n¢e Mith Part 4 of the Chariiies IA¢counis and R¢wrtsl R¢gul41ion5
2008. Ow I￿11 work h&¥ beth Ut￿rtaken x* mi8hi sia* w th¢ Ch￿"1Y.$ t1￿ mJit¢rs w¢ ar¢ required to stsle ITr thetn in a
auditor'5 re[￿ and for no (thr purp)s¢. To the hllcst exlenl pennittcd by law. wt do ic¢eo or assume responsibili¢y lo anyon¢ oth¢r
than th¢ Lharily and thc Ch*il) s &8 a btAI)". forow I￿j11 ￿IXk. fw thJ"s r¢p(rt w fL¥ th¢ opiniws we have formoj.
Xtinidin A¥dil Limiltd.
St*tulors Auditor
C.hirtertd A¢ctruThtitt¢s
5 Robin Hix)d Lane.
s￿1￿[L
Su¥r¢y
SMI 15W
Xeinadin Audit Limiiedu ¢ligsblefvr op￿1￿1m￿nI os o¥diMrofiht Clwity by virtke trlii$ eligibiliryfop apwinimenius amdiior o/a
¢omwoy wJd¢r$¢¢iion 1212 ofihe CofflwniesAti 2006.

Assoc￿1￿ OF G￿CE 8APTISTCMURCHES
STATENfEYf OF FINANCI.4L AcrivrriES
YF_AR ENDF.D31 DF.C&MBFR 2024
2024
T•tAI
2023*
Total
F￿ndS
[Inr¢siritttd
Rc51rl¢tod
Fu*ds
Noie
Incornc from=
Don2110ns and le8aCLe5
Chaniable acti￿lIeS
InV￿1￿¢￿ts
(Trhtr InconK Swpiuson saJ¢ orrixed •ssei
Totil lu<omt
184.786
37.963
54.327
239.113
37,963
129.887
221.538
36.253
18.837
17.428
351J27
73.164
424J91
A.520ffj15
EAPtndiivrt on-
Raiiln8 bJnds
ChariTable a¢ii¥ilies
Tot•1 txpendilurt
21.083
4?6.960
441￿43
2,857
68.43.S
71.292
23.940
495.395
19J3.
14.69J
438.195
4.52,888
Oper•iing Idenril) l ivrplwj
196816)
1872
94.944)
1.067.727
Yei Ellns on ltyvestmeTri$
R¢￿1$¢d IIos%¢si 18ains OD inV¢Stm¢ms
lJnr¢d15td ¥aiw on Investhien
I'otxl ntl 8*ltts Dn iMvtAIMtntJ
19.0241
230.3%3
221J59
4.462
6.195
10.657
14.5621
236.5-,8
232.lJ16
52.822
166.171
et lTr¢omt
124J43
12J29
137.1172
lJJ3.99X
Transl¢rs bctwttn runts
{73641
7.261
P4et Moiemtnl lrt
117279
137072
12JJ.9911
R¢¢oth¢iliill0￿ of funds:
Fun&% bi¢uKhi foN'aYd
Tr'unds CATfbtd fnrwlrd
7.461.639
-478.918
479.961
499,757
7.941.603
8.078,675
6.707.605
7941603
17& 18
No ￿livi11C5 w¢¥¢ acquiiedirf d•w￿l￿ded tsiTh8 the ycar
• For ￿llYSiS of ￿￿¢$￿1¢¢¢4 •Thl rMtria¢d KIiViELC5 for 2023. sec P88e.

ASSCCIATr)N OF GRACE BAp￿T¢HURCHEs
(s￿j￿ EAST)
STATElfENT OF FJN'ANCI.4L AcrivtTIES
YE4R ENDED 31 DFCFMBER 2024
t)/fittAtt¢lAla¢rfvlll¢sJDrprevthusyeJr.-
ij
bvrejiiiaed
Resiritied
F4nds
2023
lo¢omt and tndovJmtTrts from..
tknnations and legacies
Chariiable actlVLEies
InvesuKents
Other Incomc Surplus on sa]e of fixed assd
Totsl iTrcoTht end0￿mr￿1
183.646
36.253
104.309
37.892
221.538
36,253
120,671
16J62
IA66J61
EIpendilurt on..
Raising funds
Charithble a¢itvilies
13,532
372.436
J85.968
14.643
438.193
65.759
66,920
Operitina i￿rp1￿$ I Idelltll
108OJ93
{i?M61
.067.727
ei 811tss I Ilosst$l o* In*tJtmethis:
Ktalistd yirts on in￿5￿￿¢1￿5
Unl¢￿Is¢4 8aLnS Illoss¢sl on inwmen
1.01*1 nti g•lns l {los¥eJl 00 IDYtiimtnlJ
52.347
124.872
177319
474
52.821
10.9481
166.271
Yei l•tomt I l¢uptndiiurtl
lJ57th12
(23h14Tr 1,2JJ.998
TTanJf<rs btrwcen fundj
{7ts30)
RetoNciliat1o￿ ol funds..
Funts br<>u8hi forward
tArried forwArd
6.:11.657
7.461.6J
495.948
6.711-,.th05
7.941,603

ASSOCWTION OFGRACE BNPMST CHURCHES
{SOUTH EAST)
BALANCE SIIF_Fr
AT 31ST DECE.MBER 2024
2024
2023
Nor¢
Fixt¢J 855et$
Tang¢ble 495¢1S
Inve5ttnents
3,325,126
4.466.353
7.791.479
3.330.439
4,277.347
7,607,786
Curreni asstts
Loans
Debtors
Cash deposiied with Grace Bapti51 Chariues Ltd
Cash tn hond
T0101 curreni arseis
25.001
28.669
254.261
371
308.31M
25,294
337.416
428
365.798
L T¢diiors.' Amounts falling th* knithin one year.
Other cr¢d21(1
16
21.108
31.981
Ntl turrtttl Assets
287.196
333.817
Toiil ntl ASStIS
19
8.078.675
7941.603
The of iht ¢hariry.'
Ilnre%lriCltd fund%
k¢sirid¢d funds
7.578,918
7.461.639
479.964
Toiil fvn¢l4
19
8 078 675
7.941.603
These financial staitmcms wcre ar4)rov¢d by the ￿¥S￿e5 7th July 2025 $i￿d on their b¢hal(by.'
D.Iloriimtr
Tr¥4iee

50clA￿ON OF GItACE BApmsTCHURCHES
ISOUTh EAST)
STATEMENT OF CASH FLOWS
YEAR EXDED 31 DECEMBER 2024
2f124
T￿￿1 Funds
21)23
Toiol FuA4s
Staiemtnt of ¢•Ah flows:
T*blt
c.ash now5 (rom operating A¢liiiti¢s:
L&sh prol'ided b%. Iwq¢d inl OF*raiing adivities
273 7071
192.243
C*sh llovis frnm ini'tStin¢ *efiviiies'.
DiNid¢nds. interest and rent from inbesfftents
Proc¢¢ds froni sal¢ of PTorKffy
Purch&se of property aTJd equipme
Proceeds from sale of other invesTh¢nis
PTo¢eeds from sale of iDl¢StrnenE5
Pur¢hgse of invesim¢nt5
N¢1 cash PTovided b) invesiing artivi¢ies
131.883
17.428
11,4391
13841
764.560
721.551
190,497
114.087
.730,446
117,1991
12.3091
3,290.178
346.861
Ch*n%e in c•sh ¢aJh tquiiiltnt5 Iht rtwprtin% period
Cash athd Lash equivalenis ai ihL' bt8innin8 of Iht reprting Feri(xl
C*sb ¢45h tqwiY*lenty il Ihe end of the ￿PortiN1 ptriod
183,2101
337,844
154,618
183.226
337
I'*blt A- Rt¢Dty¢ili*iityn of net incom¢ I Itxptlldil¥rti io nei ush Ilo*
from operaiing *¢tivititJ'.
2024
2023
Nei incomt for reportsn8 p¢riod1•5 per
Ihe siJlem¢nt of finon¢iil ￿￿1Ville$)
Deprecialion char8CS
Equipmeni re¢l￿S1r1ed as ¢xpEnditur¢ li¢. WTiii¢n o(n
l(iain$l 110s5¢s on inv¢simcn15
Dividends, inieresi and rerti fmm invesiments
Surplu4 on sale or rixed ass¢ts
Iln¢r¢a5£1 in d¢bior5
(Dccrcasrl in trediloys
P4¢t proyidtd by lujtd oprr*ilthi A¢lil"111¢S
137.072
6,752
1.233,998
7.631
232.0161
1129.8871
110.4881
273 707
4.656
192243
T4ble B- An*lyJi5 olcash e*sh t4uiw*lefyts:
Cash in hand
Cash in hand with Grice Baptisi Chariites L
Total calh Rnd e*ih equivakttts
371
254,263
2$4 634
428
337.416

ASS￿lATIO￿loF GRACE BAPIISTCHURCHES
ISC4JTH EASD
{12)
OTES TO THE AccoLKrs
YEAR FNDED 31 DECEMBER 20?4
ACC.ObPITIliG POLIC'IIS
Th¢ pr￿CIpal accouniins wlicits athpted judgetThtDES k¢%. sout¢ts of eyimarioll ullcenaLnty iti the w¢paT￿l0￿ of the fuwjcial
stat¢m¢nLS ar¢ as follo￿.
lal .4ccouTriiTri convtntioD
The fmancial s￿le1￿Clai5 have been Prepared th¢ Chanijcs A¢r 2011 and UJ accoTdanct the LhaTiiies Staiement or
Re¢orDmCnLkd F¥8¢lJ¢¢ IChanELe5 SORP IFRS 102113Dd F￿art¢13] Rep)rtiDB Startdlrd 102 (FRS 1021 The fujancid 5taiemenis are
dra￿Tr up the tru$tori¢al cosi basts of a¢¢ounrin8. 85 ThdifKd by ihe revaluatson of ￿VeStm¢￿t properties and other investsn¢n¢s
Tkn flnanci￿ statements Ar¢ pr¢p¥¢d tD the
The Aw¢iaiion of Gra¢¢ Bawisi Chwches Isouth ELSE) me¢s th¢ thfinition of a public b￿Crit entity unthT FRS 102 11 Is an
ith¢orwJr¥￿d ¢hantsble ¢nJsi wlh reg￿l¢red 0162 Bnde StrecL L{￿ N'7 IAZ
Ibl GolThg ¢oo¢ero
There are tho material uncert4in1Jes •bow th¢ chwity's •bdity Its OWW10￿$ [￿the forcseeablc tuiure.
Icl lTr¢omt
Volunw income includinB ie8acic5 is rKcoun*d for once th¢ ¢knty bas ¥#id¢mtn¢ 10 th¢ome. il is probable the income will b¢
re¢¢iv¢dand the amoun¢ ofJn<ome rtceivlblt ¢an t¢ rtliab])
In￿8¢m¢￿t income ts r¢cwistd on In KtnbAls bJsi$
Idl Expendit￿re
All expcnditur¢ L% mclud¢d on ¥n •¢¢nt•ls b•sis Chrritsble exrrtnthrure eompft%ts Ill rKpenditure direcV> relaied to the nbje¢s of
the chariry Th15 Lncludes costs which i¢pwrf th¢ ¢osi of ¢I￿P)I￿n¢t with CQll5LJturLon￿ alld siaiuiory ieqllit¢m¢nts
Fixed agsets held for ¢h*iTW tre stsred at thsi WhEre frtt￿)Id leasehold rdopErtie$ are m8in¢Ain¢d to siith 3 stsnd4rd Lliai
th¢ir esiima¢¢d r¢$1￿•1 is in excess of thwr b(w)k ￿ut lime ￿ thry¢¢1￿1￿1 1$ Imrna￿rl￿. fio d¢pr¢¢iaii(ffi is
charged
In Dtprtci•tion
Wh¢rc prop¢rti¢s we m¥irtLiineO 10 su¢h * stsndard thew<sEmTraicd res11h￿ Val￿ is in exc¢$5 of their net b￿k value li an> lime
and thpreciaiion Is Jmriiateiial. Do d¢W￿l&tion Is cW¢d
tkpreciAiion k5 pmvided on othu tyn8ibl¢ fix¢d ass¢ts * r*tes ￿¢u1￿¢d to off the LY valuJiion of¢a¢h ass¢1 over lis
expected u5efid life a5 follows..
FixEllre5 and fiitu
Computerequlpm￿1
IIYA ahd on COSE
B¢¢W¢￿ lir6 •Dd 3J% on eost
Irt￿￿nCn¢S artd inv¢51mttii ptoptnies art marka The tru5*e5 Icvie* the iYlu¢ of invts¢ment propert*s *nnudly
obtsin exrernal valuaEiOnS thxry fiv¢ sews
R¢alJsed and Un[¢￿1$¢d gain5 and lo5su *isin8 ON the th"sF¥)5al (x rev￿￿￿10￿ ofinv¢5¢m¢nts •nd in￿￿￿en4 properties are ￿tl￿ded
the Statemcni of FJnancia] A¢iiviiKs.
Ih) Debtors
Loans 10 ¢hur¢hts a￿] othe[de￿Or5 are ￿)clu￿ al the settlem￿1 atDount ¢￿e. Pr¢wTh¢n¢s w¢ vaiu¢dth th¢ amouni prepaid.
li) C¥sh dep05ilcd with Grxrf B•piist Chiriiies IAd
C￿h dcFx7511¢d With Grac¢ Bapfisi Chaniie5 Lid is a shontcrni ￿8hi￿. Iiwid in%r5tmthi Mith ashort matirrit). of tJJTtt months or les5
from the dale ofowsn8 orth¢ der*)sit.

ASSCKiAIKJN OF GRAGE BAPTIST CHURCHES
TH EASII
NOTES TO THE.4CCOUNTS
YE.4R ENDFD 31 DECEMBER 20?4
Iconiubwd)
ti) CrtdliDr*
Crediiors and pro￿510Ths are re¢ognts¢d the ¢h*ir> has a pesent obliwion ansmg from a pasi e￿en1 thai will probtybly resulr
In the iransfer of io a third part). and th¢ aojowi settle the obligwon CXD be 1￿￿￿U[cd or esiu)¥ted rtliablj Crethtois
and prowisions ar¢ f¢¢¢gni%d at thcir settlemcnt anM)uDt
Ikl Pensions
Th¢ charit) OF¢raies a thfjned CODtribuEiOTr ￿10￿ scheme. CoMri1￿￿on5 PAyable aff ¢har8¢d in th¢ StateTheni o( Fujancial
ActlVlEKS
Z INCO￿lE FROII I)0￿￿ATIoNs & LIG.4CJES
20?4
I'￿Te51T1(led
2014
2024
Total
2023
Restricted
tbnthions from Chwths
(Xher donation5
Gr￿l Irom Grace Bap11￿ ChDnEKS L¢d
her grants recejved
54.473
10.ofy)
376
64.473
2.088
68.601
103,951
239 113
51,603
68.601
60.OtX)
184786
60,677
107.273
221538
J IIC.'U,%lk &Rn%l CH.4RI"r.ABLE Acfii'iTIFS
Reni rc¢¢i%ed from iansible assets
Income frtsm other ¢kniabl¢ a¢11￿￿11
21,904
16.059
37.963
21.904
16.059
20,225
16.02B
4 I￿(011E FROII IhTr'EST%IETr•TS
2024
2024
2014
TolAI
21123
nrcstrititd
Rosirieitd
Inv¢sLm<nts11s¢edoTh r¢w8n¥ed st¢xk exch￿8¢
Inv¢sEmenLS propertles. TeBuI&T income
D¢posii InteTeSI
103.071
1.579
104.650
14.277
10.960
129.887
79.094
2.981
18.837
4 OTIIER INCO.%IE
2024
(Inr¢siri¢i¢d
2[124
Rt51rirlfd
21J24
Toill
2n23
Toial
F*￿ce&S from the sllje o(ll rethu¥knr (Kewl
Surplu5 from the 5aleof Fixed Ass¢is
987.859
154.294
17.4?%
17.428
6 F.XPLNDITliRE 0% IL4151*G Fi ryDS
20•4
nre51ricied
21b24
Rtsiricltd
2024
Toiil
2U23
Toill
Inv¢sun¢nt prop¢rty ¢xpendittu¢
2.289
568
2.289
668
Zl.083

•550CIAIK)N OF GAACE BAPTISTCHURCHES
ISWTH EAST)
NOTES TO THE ACCOLTryTS
YEAR ENDED31 DECENIBER 2024
7 ExP&￿DITI1R[ OY CH.4RITABLE ENPENSES
2024
Iltrrestricted
7024
Rtsrri¢ted
2024
Total
2023
Staff tosts
PropErry <xpeLvlilurc
GranL% payablc
Chur¢h¢s and LnStitU110ti5
Inthviduals
Hom¢ MiSs￿n COSLS tx¢ Pusom*l
Office s￿¢10￿ ¢osts
Photocopier ¢osts ￿elu￿•8 rth)tais
Ikpr¢ciatsoii
'¢bsile and publicaiions
prOv￿$0n ol'confty¢nc¢s and ty¥inth8
Man48¢mcni ¢har8t
Trustru. th&nLtur) th5w￿¢t
¢hv8ts and
284.602
39.306
22.803
i07.405
41,063
242.273
38.378
10
29.700
3.735
19,736
23.042
964
49.436
26,777
964
22.582
3.713
6.752
1,734
24.711
68.915
28.066
2.068
22.582
3.713
6.752
1.734
24.718
7.631
2.547
425
369
417.636
425
369
4%S.938
397
273
428 567
Govern*￿¢* eosts..
LeBai and prof¢ssi¢rtd f¢¢5
Auditors. fccs
Cost5 of
.572
5.198
2.554
9.324
1.$72
5.198
4.956
4.672
9.628
9.457
Tot81 F.xpeRdiiurt on chiriilble 1ciiviti¢s
426.960
68.43$
495.395
438.195
ST.4FF COSTS
%taff ¢mOlUnm￿ for ¢1* year W4frt As follows.
Salary ¥OSIS
N4¢￿TraI Insurance cos¢s
Employe¢s ￿nSiOn contribuiior
B¢n¢f¢is in kind- season ii¢k¢
l)ther Sthiftravtl ek.
Siat]'Ira￿w¥ 4nd ¢ODf¢rentts
2024
2023
246.396
19.862
JJ,869
197.042
14.296
22,244
2.721
3.6J5
3.393
4,026
307.40J
242,274
Th¢re w¢r¢ no p¢nsion c¢)ntrltrALEi￿￿ •1 yur ¢nd 12023."oill No•nplo)r¢ r¢¢¢l￿d mnunerniion ￿￿ling lo more tha
£60.000 ￿ the curreni year or preiryous )ear
The •ver4Be nwnberof stsff by head ((yuni full.lime equivthm duru￿ the yeu MT5."
2024
Ilc¥d Count
2024
Fre
2023
Ilcid Count
201J
F¢e
A%e. No
Association off1c¢
Home M￿S1On sta
Tollll Staff

ASSIXiATr)N OF GRACE B*PItsTCHURCMES
ISOUTH EASn
NOTES TO ThE ACCOUNTS
YEAR ENDED 31 DECEMBER 2024
{ConiiDued
9 KEY M.4￿AGE.￿lEliT PERSOliNEL
The key MAI￿gen￿ll persow￿l for th¢ A$50¢iUv)￿ Associ*1￿ Sectethr)." Compw Secrethry. (¥£rotions M&nager and Fitt￿¢¢
Offjcei The iiAat etDploytt bcnefLts te¢ei￿1 by these wtre
2024
2023
costs
National Insurance coms
EJDplo>¢rs pertsion thnrril¥Jiion
B¢n¢fits in kind
171.450
18.729
125.512
13.546
15.272
154.330
10 C114NTS P.41'ABLE
2024
I'llre￿ritt¢d
2024
Rtstritied
2Q24
2023
Tot*1
Grants pAvable ioth¥rthes *thd t￿$16¢￿￿01$-
Affthit
Pla)e$ Lane 8•pi￿¢ Chwch. Bromi
Cost of Livui8 Grants i? Churcksi
Ba￿1$¢ chur¢￿ Chtsh&m ITrninio81
Abbey BaptiSE Churcb. Abin8th)niTrainiTr8)
Grace Church BripJtOD (Trainw￿)
Grace Church Brightoo
Grace Bapiisi Chllrch. Waiford {ChurchcsAid FuThd)
Grace (-hurch Southall {ChurclKs Ajd Fund)
Vill88e Church. Greenwich (Churches Ajd Fund)
Small Tr&nin8 Grants I Churche5 Aid Fund)
3.256
3.256
19.736
10.500
4.256
18.288
10.500
10.000
2.CK)O
12.000
S21
5.0(A)
J.000
19.736
lo.5￿)
2.000
12.000
12,(
1.544
400
29.71)0
1.544
400
49.436
1.050
68.915
19.736
All Brants IC*¢hurthrs knd Insrirurwns *re ethr typro￿d by the Eflls*cs or w¢di0 th¢ wsiees. if bein8 made In a¢cordan¢e with
th¢ ierm5 of a rtSV)¢i¢d grants •re m•th for the purpnes of supponut8 membef churche5 ￿lih buildin8 repojrs or sp¢¢ific
proJ<cts 'lhe A5SOCi4Lion a finAI Tound of th¢ LOA of Liwn8 8iwiI 10 Prtlp member cjlllT￿ wuh the curreni econornic cl)ma
Grlnts p*>*hle io Indlvld¥*l5'.
2024
2023
Tr4inllis Fwid. uw¢s¢r¢¢i¢d (J Branisl
Churches Aid Fund. urtrestyict¢d18 yanty). Sm•ll ts*inuw
Betttvol¢ni Fund- restri￿{ed(4 8yanisi
P*styrs' kdinn8 & Wi¢knM5' Fund- Tes¢nued19 bencficwKs)
1.074
2.660
6.900
680
9.855
26.777
9.585
28.066
All BrI￿t$ 10 lTrd1￿d￿￿S I￿0Ved b) the wth th¢ exccwion of 8ran15 the BertwIe￿i Fund ￿*Ich. for reason5 of
eonfidentiality. are pro￿>sed by the A550Cl•tion Secretsry. authonsed by th¢ Honorary Tr¢asw¢r and paid b) the Fman¢¢ O￿lee1.

ASSOCIAITh OF GRACE BAPTISTcN￿cHES
IS¢XrnI EAsn
NOTES TO THE ACCObThTS
YEAR ENDED31 DECEMBER 2024
(cortith￿l
11 .4IIDIT. I￿DEPENDETr￿T EK4IIJN4A TIO%.44D OTHER ri¥.4%CL4L SERI'JCES FEES
The Comp￿} s audiTh)TS maé< the lollow￿8 chu8¢5
2024
2fjZJ
Fee f()r audii ofae¢owits
Ftt for s¢tyi¢¢s
5.160
38
4.920
36
4.956
12 TANC'IBI.L ASSKTS
Ileld ID fuih¢ran¢¢ oftht char￿$ objeths"
Fixiurts,
i*lseho￿ firtiTrgs and
propert)
tquipmeni
Frethdd
propert).
Totsl
Al 1st Januufy 2024
Dwsals
Addiiions
Ai 31st D¢¢ember 2024
Z,995.412
315.6fK>
56.532
3,367.544
1.439
1.439
3.368.983
2.995.412
Depre¢l$iion
At Isi January 2024
Dis￿531$
Additions
Al 3 1st D¢¢¢mkr 2024
37,105
37,105
6,752
43,857
6.752
43.857
tl bDok vilue
Al 31si tkecmbu 2024
2995412
J 325 126
AL 3151 Ikccmber 2023
2.995412
315.600
3 330 439
IJ INVF..STP41Tr'NIS
2024
￿￿0t¢￿
initsimeTrii
2024
ToiAI
IDirstm¢ni
proptriltx
M¥kti ai Isi 2024
Addition5
Disp)¥als
Unrealised 8ains
Markei value ai Jlst D¢¢¢mkn 2024
354.752
3.922.595
4.277.347
8.J82
363.134
228.194
4 103219
236 576
4.466.353
At Cosi
As al 31si December 2024
169.500
3.432.483
3.601983
As ai 315¢ Decemkn 2023
169 $00
2 969 765
3 139265
The tntstees obtaiL*d profession￿ vaJuatM)rts for*ll the invtsvneni properties ￿ Deccrnber 2021 The trustecs us¢d this as thc b￿1$
riy the ¢urreni *¥lllatlE)n Ènd ba%t adjusitd il by rtf¢TeD¢¢ ￿ thr ￿al￿n￿l house wirt Inthx inforn￿lI0

{17)
{SOVTH EASD
IOTES TOTHE Accoknvrs
YEAR ENDED 31 DECEMBER 21)74
Icoulinutd)
2024
2023
14 LOANS
Loan5 (to I cburchl
2.660
Louns are inierest frtt and repayable witlun ten yeats Incl￿ lows is •pwoYima*ty. É1.330 repa)able aft¢r more thAn one year.
2024
2&23
14 DE.BTORS
Oth¢r dLbtor5
21.924
3.370
7.497
211.669
2024
2023
16 CRLDITOHS
her creditOf5
Brollghi
ronbir¢J
11112024
Carried
forward
3111212024
1o¢ome
2024
LIp¢D￿lI￿re
2024
OihfT CJ*lTrs
I{L05sesl
17 IIYRTr-51RICTED FI.'NDS
Tr*n*fers 2024
General Fund
Churches Aid Fuftd
Training Fund
WilUwnsio%4. Mang¢
291227
1417.8641
221J59
6.914.386
84.231
2,022
461.000
7.461.639
7.008.793
{6.W91
115.0741
46.948
461.000
7.578.91
351227
1448.0431 ￿? 2641
221.359
FIX￿les￿Orp1￿,Io￿jye￿rIOr comp4rtstin
BTou%hi
(orwiT41
Carrl<d
for*ard
31112121J2J
l#¢owe
2023
Oih¢r GIiNs
l{L)sses)
2023
2023
Trlnsfors 2025
Illn02J
Gen¢ral Fund
Chw¢h¢s Aid Fund
Trninins Fund
W4lUium$LOW M4ns¢
1.396.420
13J2.8381
122.2301
130.9001
{47.630
40,QOO
177319
6.Y14.386
84.231
2.022
461000
7461639
é6.461
137.0191
461.000
6211.657
69.941
177219
Cburchei Ald Fund
Thjs desi8n&ied lund was estshlishcd Ln 1979 10 tund% al th thscrdi(Jn ofth¢ trU%EttS for Lhe sxw of m&kin88rLnts arld loans
church¢5 within the A550ci41ion This Fund was incre￿1 by a 01£40.000 in 2023. Pl￿0n of the Fwjd sth aside io
provid¢ of IIvth8 h*rd5hip 81￿$10 and <hur¢hes io th¢ ¢wrelli ecoTromi¢ elimate
Training Fund
Thi5 desi8na%ed fiJnd wDs estsb115hed IM 2015 10 s￿ ￿de fvnd5 ai the th5crctson of the Enjstees for thc purpose of makiii8 graTrts
Churches and Irainees ro supwrt wplt ut ¢rwnin8 for MthL$￿ A grini 01£6O.1XJ) iopptd up th15 fund in 2023 &. 2024 Irotn Trusf
Funds managed b), Grace B2piJsi Chantics Lirnttrd. In 2023. a 8rath of19.941 also ma& oui ofthe Mainin8 Ktti'¢hur¢h work)n8
Fund5 in ljne with the chLtrchs reque5r
'*lth*ms10* Il*nst
Th15 d¢sisnaied fund M'a5 esiab115h¢d m 2015 as a tesuli of iht ¢loswt olchufth Hill Ba0￿1 Chiwch, ￿'￿tha￿$t0￿ Under the 1944
con%¢yance and dcclaratLOn ofthJsL the Associali￿ Sl2Ads possessed ofthe £bur<l man%. Tht builthrt8 Contsnues 10 b¢ us¢d b5 GraeE
Church l1.altham51o￿'. a nnN'church pl￿¢ m W￿tha￿Ls1O￿.

CCNI¥JII OF G￿CE BAPTIST¢HVRCHES
(SOUTH EAST)
NOTES TO THE AccOU￿Ts
YE.4R EN'DED 31 DECEMBER 2074
(conlin￿dI
Brw%ht
for*ard
Aiir1024
Carritd
forward
3111217024
E.Apevdiiurt
2024
Othtr Glin£
I {iAhsscs)
18 KESI RICTED FLIDS
2024
Trans(tr$ 2024
Home N115510D
Benevole￿1 Fund
Loan Fund
Pasior5' RetinrJ8 and With)ws' Fund
Sinclair Fund
45,077
(45.392)
313
27.269
17.502
52.065
383.12B
4?9.964
24,244
25,001
46,022
404.490
499 757
550
1.748
15.627
6.949
110.0661
12.6471
71.292
2275
FlxMreJJorprevlowyeorloT cowrssoA
C.*rrftd
f¢bfwArd
3111112Q23
Exptnthlurt
2023
Other G•l•s
I Iljbsses)
for%b*rd
iiin02J
2023
2011
TrA•xf¢rs 20LI
Home Mission
ene¥Jolemt Fwid
Loan Fund
Ptsrors, R¢iwin8 and Wi¢S)ws' Fw
Sin¢lair Fund
37.642
1.084
402
1.676
13.450
145.2721
110.9011
7.630
37.086
17,100
27.269
19.828)
9191
66.920
2.446
52.065
383.128
479.964
383.991
Aomt P4lIs$ioo
This fund ex15ts to promth¢ ¢vans¢lism Ln thE AsMKiaEJ(m L*wthts thrtyjsh e(hjc￿lt>Il. tyiin*n8. thie¢. fidl-limt and shon.i¢rni workers
and proJecL5 Thc mDJoriry olihe [wid￿8 Is thrwh uKom¢. %4ith the As$0¢￿ti￿ up th¢ FW￿ Ifth¢rc J$ D Short(￿1.
This fund no 8ovttnJn8 Gru¢s ¥e ¢oCkn'$iiw w K¢dy ¢irvunstan￿.
tk¢l&raiioL ofTrusi d￿ed 27th (kiobu 11918th%nKd t￿$ fuTrA Imcrty fr¢¢ Io¥LS were math ro chwches for purchas¢. eX￿￿$10n
moini¢non¢c of¢ha￿ls. mans¢s ￿d0th¢r chwch premises Ai the endof2019. Loan Fund ¢losed 10 new appli¢Ants a$
buTeau<rauc complications rnade il th"ffi¢ulr ￿ ¢onr)n4* 10 nuk¢ in¢u¢si fr¢¢ loans li thai th¢ fT¢¢ hJnd% would be mide
vailals1¢ lo the chwches b) w4y ofylnts r*thrr than Io¥A)s in th¢ fijture A One￿[(102￿0fÉ25.rx}I was nLa(k ro a £hurch 10 lliilise the
remainin8 b2rt& in 2024. lopped up by 4 transfcr (iom the Churches Aid Fund ￿ cover the of the Loan
Pijiors, Reisrlo8 *nd ￿'id￿￿$.
Decloraiion of Tr￿1 dared 2nd Novemkn 1900 go￿￿$ fvnd Or4nts w¢ mad¢ 10 r¢ELr¢d paS￿rS. and thelr widow%, knve
PTryiousI) C¢mtyibuied 10 the aT¢ %iithoth adequ•tr means of SUPWXL Tr fvThd Is cloKd ￿ ￿¢W members.
Sl*¢lfLlr F￿nd
This fllnd was eSEablJsh¢d by a Mill thEed I I Sewcmb¢T 2L¥JI Ihe dmreh li G￿d9¢. H¢rnps*￿ has fjrsi on Any fund
¥ising from the le8aGy.

A$SCt￿TKjN OF GRICE BAP7I5TcH￿HEs
{SOIJTH EASD
NOYES TO 171E ACCOUNTS
YEAR EX'DED 31 DECEMBER 20?4
Iconiinwd)
20?4
Tonxibl
ssets
2024
2024
19 AIALYSIS OF %ET ASSETS
Nei cuirtni
Iwvesiin¢hts
Cutrtwye4r
Utuesrricied FLry
tr5¢￿d Funds
4.065.910
400.443
4 466.353
3J25.126
187.882
99.J14
287.196
7.578.918
499.757
8 078.675
3 325.126
202J
2&2J
Tongible
r4ets
202J
2023
Fig#resJorpr¢vl#4sye•i/•r eompoTiSQII
Unrestri¢t¢d Furyts
RestrK*d Fund5
3.869.331
408.016
4 ?77347
3.330.439
261.869
71.948
333.117
7.461.639
479.964
7941603
3 330 439
20 Coll￿11T*1￿..￿Ts
Th¢ Association h•s tomttu¢menrs kn make ]Mymew. inrespect of lafyj and bjilduy and oifi¢e t4￿1pmen( in th¢ followin8 years as
follows
2024
2023
Wiilun l Year
iletween 2 5 )eus
1.680
6.300
7.980
460
21 TRII.STF.E'.S' HF.NII'YF.RA TIO
No r¢mun¢rarion Iir kn¢li14 wer¢ paid I0￿Y oftht rrttsttts >r¥ fw th¢ir ￿r¥i¢¢5 as tnjsiees ￿$0. there were no wiees,
costs paid 10 third pffii¢s
2024
2023
22 TRIISI'LES, EXPk%SLS
Expense5 illCllTred by ITh￿1¢¢5 and rrriml)ws¢d io.
1.508
I l Efw5tr¢5 ma& i to￿ ofJ5 ¢XF¢rJs¢s ¢knbms firf the to# of tr*%rl ￿N￿l￿8S other C￿n[s In adthiion. PJUJ Smith received a
s￿8k1￿8 81tt of £2riJ for speak￿8 •t An
23 Rf.IA TEJ) PARTIE5
Thc followin8 at50 d￿¢¢￿$ ofOrn¢¢ 84Xi* c￿nIleS Limit¢d•thl & S￿h, an inreie5r ￿ wansacEions c4rried Qui o
beh￿for￿￿￿ts and churches &drnin15trred by the compan) ¢hanty. A Crttds. ICham&rtTr. P Fu881¢.B Jones. D J Nlonimer
(Treasurer from (ki 20241, Nliss fvl (Y M3ra P 5mLth. J Southcombe (Tr£￿Ur¢r} Ire518ned Oct 20241. C LIArk50n1opFx)Inl¢d Oci 20241.
Dnd P M {iesigned (kt 20241. D¢i4ils of th¢ trwtsa¢iion$ afid ￿11Th¢￿ Ire thstlosed in the the accounts
The lollowuJ8 relaied pèrtv trans￿0￿5 ￿(urredIn yew..
Lena k￿8 caieied for the vBri0￿ h(th ty th¢ Asto¢i•ith in the >t•r She retti¥ed £1,778 Lena 15 the wife of Andre
Kin8. Associaiion 5¢¢rtwy.
The Asso¢i*iion h4$ ywtted the ￿￿th&m$[￿￿ M8A%¢' w Grllce Chwch W*1th1￿[0￿ to us¢ maTr5¢ for a pepp¢r¢om reni O
Akinr￿u￿th restdes Ln the mansc as r￿rnI31 for the Pwor oftht ¢bw¢b
Grace Chutch Bri8hroD h*$ received D traEDmg of £12.(￿) w51Wrt a tr4in¢¢ ihwid Skull. Abi8ail Garthr and Luke
'inmill art Tn￿¢t¢S ofGroot Church Bn8hioIJ
Grace Church Il'althamstow and Free Gra¢t Bawist Chwrh T￿l(l"<nh￿ts ty)Ih rtly1%￿ • fosi of LLblO8' Grani durin8 2024 0
AkintO8unde and Colth Clatkson are Trustees olthe5e chwches resrrttsTrKIy