MARKET HARBOROUGH BAPTIST CHURCH
Financial health, per its FY2022 accounts
The accounts state that the charity reported a net surplus of £51,758 for the year, increasing total funds to £1,313,201. The trustees note that general reserves of £68,687 are slightly above their policy target of £23,000, a level they deem necessary due to a budgeted deficit for 2023 related to heating system replacement. The filing confirms that the going concern basis is appropriate with a satisfactory income stream.
What the accounts disclose
“The Trustees believe that a level of general reserves equivalent to at least three months expenditure should be sufficient and appropriate for the needs of the Church. This is calculated to be in the region of £23,000” — page 5
“Reverend C.S. Brown, a trustee, has received a stipend for his employment as minister rather than as a trustee which is included in the figures at Note 7. In addition the minister and two other Trustees received reimbursed expenses totalling £2,385” — page 12
“Trustees of the Church made donations during the year totalling £14,878 without any conditions attached.” — page 15
Trustees
- Rev CHRISTOPHER SHENTON BROWNchair
- Elizabeth May Sherwood
- Luke Nathan Smith
- Mark Edmund Jones
- Martyn Lyndon Brown
- Patricia Jane Harding
- Simon James Chew
- Yvonne Antionette Durrant
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £121k | £136k |
| 31/12/2023 | £116k | £125k |
| 31/12/2022 | £154k | £102k |
| 31/12/2021 | £79k | £93k |
| 31/12/2020 | £87k | £74k |
Common questions
Is MARKET HARBOROUGH BAPTIST CHURCH financially healthy?
The accounts state that the charity reported a net surplus of £51,758 for the year, increasing total funds to £1,313,201. The trustees note that general reserves of £68,687 are slightly above their policy target of £23,000, a level they deem necessary due to a budgeted deficit for 2023 related to heating system replacement. The filing confirms that the going concern basis is appropriate with a satisfactory income stream. Its FY2022 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| WOODLANDS GROUP OF CHURCHES | 1 | £3k |