SOUTHGATE CHURCH BURY ST EDMUNDS SUFFOLK
Financial health, per its FY2023 accounts
The accounts state that the charity reported a deficit of £27,321 for the period ended 31 March 2022, driven by the transition from church house rental income to ministerial stipends. Despite this deficit, net current assets remained at £135,348, which the trustees confirm is more than sufficient to maintain their stated policy of holding three months' running costs in reserves.
What the accounts disclose
“The charity's policy of keeping three month's running costs in reserves has been more than maintained”
Trustees
- David Gordon Gray
- Helen Elizabeth Moore
- PETER JOHN MADDOCK
- Philip Martyn Lloyd-Jones
- Roger Whomes Mr
- Susan Jane Strachan
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £135k | £143k |
| 31/03/2024 | £120k | £136k |
| 31/03/2023 | £101k | £149k |
| 31/03/2022 | £94k | £122k |
| 31/03/2021 | £86k | £85k |
Common questions
Is SOUTHGATE CHURCH BURY ST EDMUNDS SUFFOLK financially healthy?
The accounts state that the charity reported a deficit of £27,321 for the period ended 31 March 2022, driven by the transition from church house rental income to ministerial stipends. Despite this deficit, net current assets remained at £135,348, which the trustees confirm is more than sufficient to maintain their stated policy of holding three months' running costs in reserves. Its FY2023 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE DERBYSHIRE ENVIRONMENTAL TRUST LIMITED | 1 | £16k |
| THE ANCHOR FOUNDATION | 1 | £4k |
| THE BISHOP RADFORD TRUST | 1 | £2k |