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NEW MALDEN BAPTIST CHURCH

Registered charity 1132559 · accounts filings on the Charity Commission register · also known as NMBC

Latest income
£302k
Latest spending
£297k
Registered
2009
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity holds total reserves of £4,666,653, with the majority held in fixed assets and a small restricted balance. The trustees report a net surplus for the year, supported by a substantial one-off gift and rental income, while noting that the strong balance sheet mitigates risks associated with potential future deficits.

What the accounts disclose

Reserves policy: sufficient reserves to cover the cost of any redundancy reserves in accordance with Baptist Union advice against the eventuality of a sudden and significant drop in the church’s income which could result in the need to make redundancy payments to staff (held: £4.7m)
“The church’s policy is to hold sufficient reserves to cover the cost of any redundancy reserves in accordance with Baptist Union advice against the eventuality of a sudden and significant drop in the church’s income which could result in the need to make redundancy payments to staff.”
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Xeinadin Audit Limited.

Public fundraising profile: JustGiving — New Malden Baptist Church (matched by registered charity number).

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Kingston Upon Thames

Income and spending

Financial year endIncomeSpending
31/12/2024£302k£297k
31/12/2023£292k£275k
31/12/2022£273k£225k
31/12/2021£238k£238k
31/12/2020£266k£244k

Common questions

Is NEW MALDEN BAPTIST CHURCH financially healthy?

The accounts state that the charity holds total reserves of £4,666,653, with the majority held in fixed assets and a small restricted balance. The trustees report a net surplus for the year, supported by a substantial one-off gift and rental income, while noting that the strong balance sheet mitigates risks associated with potential future deficits. Its FY2024 accounts were audited by Xeinadin Audit Limited.

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN THE BAPTIST, MALDEN.