CHARLTON KINGS BAPTIST CHURCH CHELTENHAM
Financial health, per its FY2023 accounts
The accounts state that the charity reported a net deficit of £42,857 for the year ended 31 December 2023, primarily driven by extensive manse renovations and youth worker expenses. Despite this deficit, the trustees maintain that unrestricted reserves are sufficient to cover three to six months of expenditure, and the balance sheet shows total unrestricted funds of £129,266. The trustees confirm that the charity has adequate resources to continue in operational existence for the foreseeable future.
What the accounts disclose
“It is the policy of the church that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure.” — page 6
“During the year under review the following connected persons were remunerated for their roles within the church J. Chad £7,154 (2022 - £3,456), S. Chad £ 4,430 (2022 - £2,950) B. Rainbow £1,638 and J. Thorburn £470.” — page 16
“During the year building work costing £17,084 was carried out by J. Evans, brother of trustee T. Evans.” — page 19
Year-over-year changes
- Reserves position vs the charity's own policy moved from "above" (FY2022) to "within" (FY2023).
Trustees
- BARBARA RAINBOW
- Gillian Mary Wyatt
- Paul Adams
- Rev Paul Douglas Graham
- Sarah Chad
- Stephen Patrick Austin
- Susan Anne Goold
- Timothy Evans
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £215k | £237k |
| 31/12/2023 | £168k | £212k |
| 31/12/2022 | £170k | £226k |
| 31/12/2021 | £333k | £205k |
| 31/12/2020 | £333k | £205k |
Common questions
Is CHARLTON KINGS BAPTIST CHURCH CHELTENHAM financially healthy?
The accounts state that the charity reported a net deficit of £42,857 for the year ended 31 December 2023, primarily driven by extensive manse renovations and youth worker expenses. Despite this deficit, the trustees maintain that unrestricted reserves are sufficient to cover three to six months of expenditure, and the balance sheet shows total unrestricted funds of £129,266. The trustees confirm that the charity has adequate resources to continue in operational existence for the foreseeable future. Its FY2023 accounts were independently examined.