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GRACE INDEPENDENT BAPTIST CHURCH

Registered charity 1200337 · accounts filings on the Charity Commission register · also known as GRACE CHAPEL

The advancement of the Christian Faith in accordance with the statement of faith in particular (but without limitation) by providing worship, prayer and Christian teaching.

Causes: Religious Activities · website · Get email alerts

Latest income
£47k
Latest spending
£60k
Registered
2022
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that unrestricted funds decreased by £4,381.29 during the year, resulting in a general fund balance of £9,379.71. The trustees note that the church fell short of its weekly offering target due to members leaving and rising costs, though they anticipate lower expenses in 2025. Total assets are reported at £1,536,500.79, primarily consisting of the church building valued at £1,500,000.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Reserves policy: around six months of general expenses (held: £9k)
“It is considered good practice to hold around six months of general expenses as a reserve fund. Based on the 2022-23 expenditure this would amount to around £6,800 from the General Fund.” — page 7
Per its FY2024 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 4 of 6 completeness components.

Property (HM Land Registry)

1 registered title in England and Wales held by the charity’s company or corporate body (1 freehold). All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.

Public profiles (found on the charity’s own website): facebook

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Kent

Income and spending

Financial year endIncomeSpending
31/12/2024£47k£60k
31/12/2023£66k£67k

Common questions

Is GRACE INDEPENDENT BAPTIST CHURCH financially healthy?

Per its FY2024 accounts: The accounts state that unrestricted funds decreased by £4,381.29 during the year, resulting in a general fund balance of £9,379.71. The trustees note that the church fell short of its weekly offering target due to members leaving and rising costs, though they anticipate lower expenses in 2025. Total assets are reported at £1,536,500.79, primarily consisting of the church building valued at £1,500,000. Its FY2024 accounts were independently examined.