MUTLEY BAPTIST CHURCH
Financial health, per its FY2024 accounts
The accounts state that the charity ended the year with a cash deficit of £30,183, marking the fourth successive year where expenditure exceeded income. The Trustees recognize a structural deficit driven by static core income and rising staff costs, noting that income and expenditure must be balanced in the near future to ensure the church remains a going concern. To mitigate this, the Trustees have utilized long-term reserve funds and are forecasting increased income for the following year.
What the accounts disclose
“One trustee provides maintenance services. The total charged for time and materials amounts to £6,184. These invoices are approved by an independent trustee.” — page 11
“One trustee provides maintenance services. The total charged for time and materials amounts to £6,184. These invoices are approved by an independent trustee.” — page 11
Trustees
- Rev Nicholas Mark Learchair
- Andrew Cecil Robert Gaston
- David Ball
- Elspeth Hemes
- Helen Meneilly
- Joypradeep Nadimikeri
- Mariatu Serry
- Mark Ashley Bailey
- Tmothy Burston
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £204k | £249k |
| 31/12/2024 | £196k | £226k |
| 31/12/2023 | £207k | £218k |
| 31/12/2022 | £195k | £219k |
| 31/12/2021 | £481k | £210k |
Common questions
Is MUTLEY BAPTIST CHURCH financially healthy?
The accounts state that the charity ended the year with a cash deficit of £30,183, marking the fourth successive year where expenditure exceeded income. The Trustees recognize a structural deficit driven by static core income and rising staff costs, noting that income and expenditure must be balanced in the near future to ensure the church remains a going concern. To mitigate this, the Trustees have utilized long-term reserve funds and are forecasting increased income for the following year. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| BANBURY CHARITIES | 1 | £9k |