Grace Baptist Association
Financial health, per its FY2022 accounts
The accounts state that total funds decreased by 7.5% to £6,707,605, driven by a deficit on the General Fund of £61,646 and unrealised investment losses of £380,131. Unrestricted reserves stood at £6,211,657, which the trustees note is below their stated policy target of six months' unrestricted expenditure. The charity reported a net loss on investments but confirmed no material uncertainties regarding its ability to continue as a going concern.
What the accounts disclose
Structured financials (annual return, FY ending 31/12/2023)
Register events
- Received assets from another charity (05/01/2024)
Trustees
- Adrian John Creedy
- Alessandro Miranda Brito
- Andrew James Wigham
- Antony Patrick Rummery
- Ben Owain Jones
- COLIN CLARKSON
- Christine Richards
- David Mortimer
- David Skull
- Dr Martin Christopher Tatham
- Grayson Fuhrman
- JAMES DAVID SAYERS
- John Rimes
- MARGARET O'MARA
- Matthew Benton
- Matthew John Hodson
- Olawale Akintunde Akinrogunde
- Paul Jonathan Smith
- Peter John Fearnley
- Peter Thomas Fuggle
- Robert Barry King
- Ryan Burton King
- Stephen Whitton
- Thomas Copperwheat
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £424k | £519k |
| 31/12/2023 | £1.6m | £536k |
| 31/12/2022 | £334k | £513k |
| 31/12/2021 | £542k | £616k |
| 31/12/2020 | £358k | £530k |
Common questions
Is Grace Baptist Association financially healthy?
The accounts state that total funds decreased by 7.5% to £6,707,605, driven by a deficit on the General Fund of £61,646 and unrealised investment losses of £380,131. Unrestricted reserves stood at £6,211,657, which the trustees note is below their stated policy target of six months' unrestricted expenditure. The charity reported a net loss on investments but confirmed no material uncertainties regarding its ability to continue as a going concern. Its FY2022 accounts were audited by Jacob Cavenagh & Skeet.
Who funds Grace Baptist Association?
Funders whose own accounts filings name Grace Baptist Association as a grant recipient include GRACE BAPTIST CHARITIES LIMITED.
Shared trustees with funders
- Ben Owain Jones — trustee here and at GRACE BAPTIST CHARITIES LIMITED
- David Mortimer — trustee here and at GRACE BAPTIST CHARITIES LIMITED
- Dr Martin Christopher Tatham — trustee here and at GRACE BAPTIST CHARITIES LIMITED
- MARGARET O'MARA — trustee here and at GRACE BAPTIST CHARITIES LIMITED
- Peter Thomas Fuggle — trustee here and at GRACE BAPTIST CHARITIES LIMITED
Known funders
| Funder | Year | Amount |
|---|---|---|
| GRACE BAPTIST CHARITIES LIMITED | FY2022 | £10k |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE BAPTIST UNION OF GREAT BRITAIN | 3 | £2.5m |
| WESTBOURNE PARK BAPTIST CHURCH | 1 | £9k |
| HILLINGDON PARK BAPTIST CHURCH | 1 | £8k |
| REDHILL BAPTIST CHURCH | 1 | £7k |
| WORCESTER PARK BAPTIST CHURCH | 1 | £6k |
| Emmanuel Baptist Church Thamesmead | 1 | £1k |
| BROMLEY BAPTIST CHURCH | 1 | £1k |
| WEST WICKHAM AND SHIRLEY BAPTIST CHURCH | 1 | £356 |