SOUTH ENGLAND CONFERENCE OF SEVENTH DAY ADVENTISTS
Financial health, per its FY2024 accounts
The accounts state that unrestricted funds totalled £41,220,098, while the charity's stated policy is to hold an operating reserve equal to six months of operating expenses. The Tithe fund, designated as operating reserves, held £6,041,981 at year-end, which the trustees consider sufficient to meet the policy target. The auditor confirmed that the use of the going concern basis of accounting was appropriate with no material uncertainties identified.
What the accounts disclose
“Seven (2023:no) employees received remuneration amounting to more than £60,000 during the year, ranging from £60,180 to £66,962” — page 31
“Seven (2023:no) employees received remuneration amounting to more than £60,000 during the year, ranging from £60,180 to £66,962” — page 31
“It is Charity policy to hold an operating reserve equal to 6 months of operating expenses.” — page 11
“Seventh-day Adventist Association Limited (SDAA), a company controlled by the British Union Conference of Seventh-day Adventists, holding the Charity's land and property in trust.” — page 12
“This is to maximize the occupancy level and subsequently give Hay’s Wood Retreat Ltd the best chance of maximising profit.”
Year-over-year changes
- Employees paid over £60,000: 0 (FY2022) → 7 (FY2024).
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Pastor Kwesi Moorechair
- Ann Swaby
- Bernard Bempong
- David Santineer
- Dwayne Lawson
- Grzegorz Majczyk
- Janine Frederick
- Judy Clements
- Kwasi Amponsa
- Layne Robinson
- Miguelle Scantlebury
- Natalie Henry
- Pastor Colin Stewart
- Pastor Gerald Smith
- Pastor Harrison Mburani
- Pastor Kwadwo Kwarteng-Ampofo
- Pastor Lewis Quaye
- Pastor Nathan Stickland
- Pastor Warren Christian-Gillin
- Paul Thompson
- Serene Allen
- Stefano Bertolini
- Titilayo Elewa-Gidado
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £29.1m | £26.4m |
| 31/12/2023 | £29.2m | £26.4m |
| 31/12/2022 | £25.0m | £22.0m |
| 31/12/2021 | £24.8m | £19.1m |
| 31/12/2020 | £21.6m | £19.4m |
Common questions
Is SOUTH ENGLAND CONFERENCE OF SEVENTH DAY ADVENTISTS financially healthy?
The accounts state that unrestricted funds totalled £41,220,098, while the charity's stated policy is to hold an operating reserve equal to six months of operating expenses. The Tithe fund, designated as operating reserves, held £6,041,981 at year-end, which the trustees consider sufficient to meet the policy target. The auditor confirmed that the use of the going concern basis of accounting was appropriate with no material uncertainties identified. Its FY2024 accounts were audited by Moore Kingston Smith LLP.
What does the highest-paid employee of SOUTH ENGLAND CONFERENCE OF SEVENTH DAY ADVENTISTS earn?
Per its FY2024 accounts, the highest-paid employee was in the £60,001 - £70,000 band, and 7 employees earned over £60,000.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| NORTH ENGLAND CONFERENCE OF SEVENTH-DAY ADVENTISTS | 1 | £1.6m |
| BRITISH UNION CONFERENCE OF SEVENTH-DAY ADVENTISTS | 1 | £944k |