SOUTH WEST BAPTIST ASSOCIATION
Financial health, per its FY2024 accounts
The accounts state that the charity operated at a deficit of £111,090 for the year ended 31 December 2024, continuing a planned five-year budget model of annual deficits exceeding £100,000. While unrestricted free reserves are limited to £669,207 in investments, the charity holds significant total assets including property and investments, which the trustees intend to draw upon if cash reserves are depleted. The trustees acknowledge challenging financial times and uncertainty regarding future funding streams within the wider Baptist Union.
What the accounts disclose
“we only seek to maintain liquid reserves of around £75,000 which represents approximately two months of expenditure.” — page 9
Structured financials (annual return, FY ending 31/12/2023)
Register events
- Received assets from another charity (25/02/2014)
Trustees
- Rev Christine Frychair
- Iain Douglas Freeland
- Neil Tinson
- REV Nigel Carl Manges
- Rev Carl Smethurst
- Rev Dr Steve Cosslett
- Rev Michelle Parkman
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £360k | £451k |
| 31/12/2023 | £510k | £407k |
| 31/12/2022 | £279k | £238k |
| 31/12/2021 | £254k | £248k |
| 31/12/2020 | £216k | £281k |
Common questions
Is SOUTH WEST BAPTIST ASSOCIATION financially healthy?
The accounts state that the charity operated at a deficit of £111,090 for the year ended 31 December 2024, continuing a planned five-year budget model of annual deficits exceeding £100,000. While unrestricted free reserves are limited to £669,207 in investments, the charity holds significant total assets including property and investments, which the trustees intend to draw upon if cash reserves are depleted. The trustees acknowledge challenging financial times and uncertainty regarding future funding streams within the wider Baptist Union. Its FY2024 accounts were independently examined.
Who funds SOUTH WEST BAPTIST ASSOCIATION?
Funders whose own accounts filings name SOUTH WEST BAPTIST ASSOCIATION as a grant recipient include THE BAPTIST UNION OF GREAT BRITAIN.
Known funders
| Funder | Year | Amount |
|---|---|---|
| THE BAPTIST UNION OF GREAT BRITAIN | FY2024 | £201k |
| THE BAPTIST UNION OF GREAT BRITAIN | FY2022 | £143k |
| THE BAPTIST UNION OF GREAT BRITAIN | FY2023 | £22k |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| GRACE BAPTIST CHARITIES LIMITED | 1 | £10k |
| 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 |