CHIPPING SODBURY BAPTIST CHURCH
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net operating deficit of £15,617 in its General Fund for the year ended 31 December 2024, resulting in an overall net movement in funds of £(35,988). Despite this deficit, the trustees consider the charity to be in a healthy financial situation and a secure ongoing concern, supported by unrestricted free cash reserves of £63,431 which are above the stated policy target of £57,500.
What the accounts disclose
“The Trustee Rev Thomas Wharin was employed in throughout 2024 and received remuneration during the year of £41,659 (2023: £6,388), which includes the employer's payment of pension contributions and other benefits.” — page 22
“During the year, donations from trustees and related parties were £23,116 (2023: £18,280). There are no other related party transactions other than those disclosed in these accounts.” — page 22
Trustees
- Mary-Anne Willmott
- Michael James Graham
- Philip Anthony Laughton
- Rebekah Louise Guy
- Rev Thomas Tyndale Wharin
- Richard Alan Jones
- Roger Michael Goodrum
- Sue Margaret Pearce
- Wendy Susan Ottaway
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £217k | £254k |
| 31/12/2023 | £264k | £245k |
| 31/12/2022 | £269k | £208k |
| 31/12/2021 | £225k | £202k |
| 31/12/2020 | £231k | £182k |
Common questions
Is CHIPPING SODBURY BAPTIST CHURCH financially healthy?
The accounts state that the charity reported a net operating deficit of £15,617 in its General Fund for the year ended 31 December 2024, resulting in an overall net movement in funds of £(35,988). Despite this deficit, the trustees consider the charity to be in a healthy financial situation and a secure ongoing concern, supported by unrestricted free cash reserves of £63,431 which are above the stated policy target of £57,500. Its FY2024 accounts were independently examined.