WHETSTONE BAPTIST CHURCH
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net deficit of £34,152 for the year ended 31 December 2024, resulting in total funds decreasing from £5,204,418 to £5,170,266. Per the trustees' report, the charity holds unrestricted reserves of £1,639,296 and maintains a reserves policy targeting three months of staff costs, which the trustees consider adequate to meet commitments.
What the accounts disclose
“The Trustees agree to hold minimum reserves equivalent to 3 months' staff cost” — page 7
“During the year, £nil (2023: £nil) of loans were received without conditions from the Trustees among which £33,000 (2023: £41,000) was repaid in the year. The amounts outstanding to Trustees at the year end was £nil (2023: £43,000). The total amount of donations received without conditions from Trustees was £47,085 in the year.” — page 23
“The Church has established a Limited Company, WBC Design Co Ltd (08509454) to act as a vehicle to manage the construction.” — page 6
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Donna Louise Hodgeschair
- David Russell Bedford
- Deborah Jayne Knipe
- Michael Robert Sims
- Nicola Jane Connolly
- Rachel Mary McIntyre
- Rebecca Rose Mills
- Richard John Simmons
- Sarah Louise Bywater
- Simon Howard
- Simon Wheeler
- Susan Anderson
- Tracy Lorraine Cosgrove
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £623k | £657k |
| 31/12/2023 | £1.7m | £638k |
| 31/12/2022 | £578k | £632k |
| 31/12/2021 | £674k | £369k |
| 31/12/2020 | £630k | £343k |
Common questions
Is WHETSTONE BAPTIST CHURCH financially healthy?
The accounts state that the charity reported a net deficit of £34,152 for the year ended 31 December 2024, resulting in total funds decreasing from £5,204,418 to £5,170,266. Per the trustees' report, the charity holds unrestricted reserves of £1,639,296 and maintains a reserves policy targeting three months of staff costs, which the trustees consider adequate to meet commitments. Its FY2024 accounts were audited by The Rowleys Partnership Limited.