BURLINGTON BAPTIST CHURCH, IPSWICH, SUFFOLK
Financial health, per its FY2024 accounts
The accounts state that the charity's unrestricted reserves stood at £33,547, which the trustees consider potentially too low compared to their prudent target of three months' expenditure. The charity reported a net income of £1,543 for the year, with total income of £222,191 and total expenditure of £220,648, resulting in a stable financial position despite lower-than-budgeted regular giving.
What the accounts disclose
“A level of three months expenditure, calculated across all non-restricted funds is considered prudent and our intention is to move towards that level.”
Trustees
- Alice Speedie
- Christopher James Hewson
- Christopher Simon Lacey
- Henry Matter
- Jane Sarah Hewson
- Nathan Andrew Luetchford
- Paul James Timothy Boulton
- Rebecca Elizabeth Garland
- Rev Claire Earl
- Rev SIMON HARRIS
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/10/2024 | £222k | £221k |
| 31/10/2023 | £294k | £266k |
| 31/10/2022 | £299k | £328k |
| 31/10/2021 | £249k | £240k |
| 31/10/2020 | £259k | £241k |
Common questions
Is BURLINGTON BAPTIST CHURCH, IPSWICH, SUFFOLK financially healthy?
The accounts state that the charity's unrestricted reserves stood at £33,547, which the trustees consider potentially too low compared to their prudent target of three months' expenditure. The charity reported a net income of £1,543 for the year, with total income of £222,191 and total expenditure of £220,648, resulting in a stable financial position despite lower-than-budgeted regular giving. Its FY2024 accounts were independently examined.