WEALDSTONE BAPTIST CHURCH
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves were £77,122, which the trustees note covers slightly over seven months of expenditure, aligning with their stated policy of maintaining five to seven months' costs. The charity reported a net surplus for the year, with total income exceeding total expenditure, and the independent examiner confirmed no material matters came to their attention.
What the accounts disclose
“The Leadership Team decided that a free reserve equal in the range of five to seven months’ expenditure should be maintained to enable cash flow in the event of a sudden unexpected change in income or expenditure.” — page 14
“The custodian Trustee of the church is The London Baptist Association which is charity number 1091160. The church is also a member of the Baptist Union of Great Britain and the London Baptist Association. The church made a donation to the Baptist Union Home Mission Scheme as set out in note 11.” — page 22
Trustees
- REV MARTIN WHALEYchair
- Alison Margaret Paterson
- CAROLYNNE MAY WEBBER
- IAN RICHARD WEBBER
- Imogene Delphene Smith
- Marie Christina Webb-Stevens
- ROSEMARY FINLOW
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £195k | £155k |
| 31/03/2024 | £161k | £147k |
| 31/03/2023 | £146k | £149k |
| 31/03/2022 | £154k | £161k |
| 31/03/2021 | £184k | £175k |
Common questions
Is WEALDSTONE BAPTIST CHURCH financially healthy?
The accounts state that unrestricted reserves were £77,122, which the trustees note covers slightly over seven months of expenditure, aligning with their stated policy of maintaining five to seven months' costs. The charity reported a net surplus for the year, with total income exceeding total expenditure, and the independent examiner confirmed no material matters came to their attention. Its FY2024 accounts were independently examined.