GRACE BAPTIST CHARITIES LIMITED
Acts as the Corporate Trustee arm of the Association of Grace Baptist Churches (South East)
Financial health, per its FY2024 accounts
The accounts state that the charity generated a net income of £64,563 for the year ended 31 December 2024, driven by significant unrealised gains on investments. The charity holds unrestricted funds of £591,818 and maintains a policy of distributing surplus funds as grants, while building a small reserve for property repairs. The directors and auditors confirm that the charity is a going concern with no material uncertainties regarding its ability to continue operations.
What the accounts disclose
“The directors have agreed it is appropriate to build a small reserve to cover future repairs and maintenance for the property owned by the company”
“An interest bearing loan of £25,001 has been advanced to Newtown Baptist Church, Chesham of which the trustee D Mortimer is also a trustee. The balance at year end was £6,991.” — page 16
Corporate structure
- Registered company of the charity Companies House 00096055
Company officers (Companies House)
- TATHAM, Martin Christopher, Dr on trustee list
- JONES, Benjamin Roger Owain on trustee list
- SMITH, Paul Jonathan on trustee list
- FUGGLE, Peter Thomas on trustee list
- KING, Andrew Mark, Dr on trustee list
- CREEDY, Adrian John on trustee list
- GARDNER, Abigail Mary on trustee list
- MORTIMER, David James on trustee list
- O'MARA, Margaret on trustee list
- STEWART, David Reginald
Property (HM Land Registry)
Trustees
- ADRIAN CREEDY
- Abigail Mary Gardner
- Ben Owain Jones
- Colin James Clarkson
- David Mortimer
- Dr Andrew Mark King
- Dr Martin Christopher Tatham
- MARGARET O'MARA
- Paul Smith
- Peter Thomas Fuggle
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £226k | £229k |
| 31/12/2023 | £170k | £150k |
| 31/12/2022 | £115k | £112k |
| 31/12/2021 | £110k | £121k |
| 31/12/2020 | £103k | £96k |
Common questions
Is GRACE BAPTIST CHARITIES LIMITED financially healthy?
Per its FY2024 accounts: The accounts state that the charity generated a net income of £64,563 for the year ended 31 December 2024, driven by significant unrealised gains on investments. The charity holds unrestricted funds of £591,818 and maintains a policy of distributing surplus funds as grants, while building a small reserve for property repairs. The directors and auditors confirm that the charity is a going concern with no material uncertainties regarding its ability to continue operations. Its FY2024 accounts were audited by Xeinadin Audit Limited.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| NETLEY CHRISTIAN FELLOWSHIP | 1 | — |
| FIELDSDENE TRUST | 1 | £9k |
| Grace Baptist Association | 1 | £6k |
| HADLEIGH BAPTIST CHURCH | 1 | £1k |
Charities like this
- GRACE BAPTIST TRUST CORPORATION
- GRACE TRUST (BRISTOL)
- GRACE BAPTIST PARTNERSHIP
- GLOBAL CHURCH OF GRACE MINISTRIES
- GRACE TO GRACE INTERNATIONAL CENTRE
- GRACE MINISTRY, LONDON
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| GRACE BAPTIST CHARITIES LIMITED | £226k | — | 0 | unclear | — | no doubt |
| GRACE BAPTIST TRUST CORPORATION | £619k | — | 0 | unclear | — | no doubt |
| GRACE TRUST (BRISTOL) | £174k | — | 0 | unclear | — | no doubt |
| GRACE BAPTIST PARTNERSHIP | £262k | — | 0 | below | — | no doubt |
| GLOBAL CHURCH OF GRACE MINISTRIES | £194k | — | 0 | above | — | no doubt |
| GRACE TO GRACE INTERNATIONAL CENTRE | £330k | — | 0 | unclear | — | no doubt |