HEATON BAPTIST CHURCH, NEWCASTLE UPON TYNE
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net expenditure of £153 for the year, resulting in a slight decrease in unrestricted funds. The trustees note a decrease in income and a significant increase in utility costs, which necessitated staff redundancies to maintain financial sustainability. However, the charity holds unrestricted reserves of £1,846,471, which significantly exceed its stated policy target of £55,000.
What the accounts disclose
“The goal over the next few years will be to reach a minimum reserve equivalent to three months of expenditure cover, which is around £55,000.”
Trustees
- Abosede Gloria Ogundipe
- David Peter Tubby
- Fiona Ann Varley
- Graham Grainger Sexton
- Karen Dews
- Rachel Jane Rai
- Sarah Margaret Foster
- Thomas Samuel Onions
- Timothy John Fletcher
- Timothy Knox Howell
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £259k | £261k |
| 31/03/2024 | £218k | £218k |
| 31/03/2023 | £299k | £239k |
| 31/03/2022 | £249k | £276k |
| 31/03/2021 | £300k | £250k |
Common questions
Is HEATON BAPTIST CHURCH, NEWCASTLE UPON TYNE financially healthy?
The accounts state that the charity reported a net expenditure of £153 for the year, resulting in a slight decrease in unrestricted funds. The trustees note a decrease in income and a significant increase in utility costs, which necessitated staff redundancies to maintain financial sustainability. However, the charity holds unrestricted reserves of £1,846,471, which significantly exceed its stated policy target of £55,000. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| BANBURY CHARITIES | 1 | £9k |
| The Teesside Charity | 1 | £5k |