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WIDCOMBE BAPTIST CHURCH

Registered charity 1118796 · accounts filings on the Charity Commission register · listed website unreachable when last crawled

Latest income
£531k
Latest spending
£399k
Registered
2007
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that unrestricted general funds stood at £1,918,917, significantly exceeding the trustees' stated reserves policy target of two months' core expenditure (planned to increase from £60,000 to £65,000). Per the trustees' report, net income increased substantially due to growth in membership and gifts, while expenses reduced compared to the prior year, resulting in a strong financial position with no material uncertainties regarding going concern.

What the accounts disclose

Reserves policy: two months’ General Fund Core Expenditure (held: £1.9m)
“General Funds not designated for a specific purpose (“the Cash Reserves”) should be able to meet two months’ General Fund Core Expenditure.”
Per its FY2024 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit).

Structured financials (annual return, FY ending 31/12/2024)

Total income
£531k
Total spending
£399k
Reserves (reported)
£185k
Employees
6

Reported reserves equal ~5.6 months of spending — above the median for charities its size (median 5.2 months; benchmarks).

Register events

Trustees

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

Operates in: Throughout England And Wales

Income and spending

Financial year endIncomeSpending
31/12/2024£531k£399k
31/12/2023£460k£467k
31/12/2022£436k£423k
31/12/2021£727k£395k
31/12/2020£545k£424k

Common questions

Is WIDCOMBE BAPTIST CHURCH financially healthy?

The accounts state that unrestricted general funds stood at £1,918,917, significantly exceeding the trustees' stated reserves policy target of two months' core expenditure (planned to increase from £60,000 to £65,000). Per the trustees' report, net income increased substantially due to growth in membership and gifts, while expenses reduced compared to the prior year, resulting in a strong financial position with no material uncertainties regarding going concern. Its FY2024 accounts were independently examined.

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with HILLINGDON PARK BAPTIST CHURCH.