GRACE INDEPENDENT BAPTIST CHURCH
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.
Objects
THE OBJECT OF THE CIO IS, FOR THE PUBLIC BENEFIT, 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.
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.
What the accounts disclose
“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
Policies the charity declares
- Bullying and harassment policy and procedures
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- Engaging external speakers at charity events policy and procedures
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Paying staff
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
- Volunteer management
Property (HM Land Registry)
Trustees
- Andrew Mark Saywellchair
- Joshua William Oliver
- Roy Williams Rogers
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 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.