HORNCHURCH BAPTIST CHURCH
The Church is a community of people who by loving and serving Jesus Christ, are committed to love and care for each other and to bring a blessing to the area in which they live.The vision is to see the people of Hornchurch and its surrounding area come into an experience of knowing Jesus as their Lord, Saviour and friend.
Financial health, per its FY2025 accounts
The accounts state that unrestricted free reserves are £108,742, which is modestly in excess of the trustees' stated policy target of £85,000 - £100,000. However, the trustees note that the current financial outlook is distorted by a ministerial vacancy and anticipate that reserves will gently run down once a new minister is appointed, as income is unlikely to cover the full cost of employment. The charity remains in a ministerial interregnum with no employment costs incurred during the year.
What the accounts disclose
“During the year, total income (donations, Gift Aid receipts, rental income, the above surplus from the sale and purchase of the manse properties and all interest received) was £86,412” — page 5
“The trustees have settled on an overall reserves target range of £85,000 - £100,000.”
“The short-term trajectory for net income and therefore reserves is for further increases, but the financial outlook will change significantly when a new full-time Minister is appointed. Based on current and projected levels of giving, the charity’s income is unlikely to fully cover the all-in cost of employing a full-time Minister alongside other regular spending commitments.”
“No payments were made to any trustees or persons related to them, except for reimbursement of expenses paid out on behalf of the charity.” — page 12
Trustees
- Howard Thomas
- Lesley Christine Mason
- Nigel Hooton
- Susan Edythe Pannell
- Suzanne Humphreys
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £86k | £763k |
| 31/03/2024 | £56k | £39k |
| 31/03/2023 | £52k | £63k |
| 31/03/2022 | £78k | £71k |
| 31/03/2021 | £68k | £70k |
Common questions
Is HORNCHURCH BAPTIST CHURCH financially healthy?
Per its FY2025 accounts: The accounts state that unrestricted free reserves are £108,742, which is modestly in excess of the trustees' stated policy target of £85,000 - £100,000. However, the trustees note that the current financial outlook is distorted by a ministerial vacancy and anticipate that reserves will gently run down once a new minister is appointed, as income is unlikely to cover the full cost of employment. The charity remains in a ministerial interregnum with no employment costs incurred during the year. Its FY2025 accounts were independently examined.