EMSWORTH BAPTIST CHURCH
Latest income
£196k
Latest spending
£208k
Registered
2010
Accounts read
FY2023
Financial health, per its FY2023 accounts
The accounts state that unrestricted reserves decreased by £13,499 during the year, leaving a carried-forward balance of £47,015. The trustees note that rising costs due to inflation and the appointment of a second full-time pastor will significantly increase expenditure in 2024, requiring increased income to avoid a deficit.
What the accounts disclose
Reserves policy: 20% of expenditure, which equates to around £35,000 (held: £47k)
“Reserves of 20% of expenditure, which equates to around £35,000 should, under normal circumstances, be held during the current financial year” — page 8
Per its FY2023 accounts as filed with the Charity Commission.
Going concern: noted by the trustees or auditor
“This is expected to continue, and the church appointed a second full time pastor, starting in September 2023. Together with the still high levels of inflation, this will significantly increase costs in 2024, and a further increase in income will be necessary to avoid a deficit.” — page 8
Per its FY2023 accounts as filed with the Charity Commission.
Related-party transaction: The Baptist Union Corporation acts as Custodian Trustee and holds legal title to church buildings.
“The church is the beneficial owner of these assets (subject to the relevant trusts), the legal title of which is held by the church's custodian trustee (the Baptist Union Corporation Ltd).” — page 12
“The Gift Day held for development of the church buildings which resulted in a payment of £7,279 being made to the Emsworth Baptist Church Trust” — page 7
Per its FY2023 accounts as filed with the Charity Commission.
Related-party transaction: Payments were made to the Emsworth Baptist Church Trust for building development.
“The church is the beneficial owner of these assets (subject to the relevant trusts), the legal title of which is held by the church's custodian trustee (the Baptist Union Corporation Ltd).” — page 12
“The Gift Day held for development of the church buildings which resulted in a payment of £7,279 being made to the Emsworth Baptist Church Trust” — page 7
Per its FY2023 accounts as filed with the Charity Commission.
Year-over-year changes
- Going concern: no going-concern doubt (FY2022) → going-concern doubt noted (FY2023).
Trustees
- Rev JOEL FERREIRAchair
- Andrew Woodley
- Catherine Ruth March
- Glenn Gordon Holland
- Man Kit Chau
- Paul Brennan
- Rev Matthew Ferreira
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £196k | £208k |
| 31/12/2023 | £173k | £176k |
| 31/12/2022 | £178k | £167k |
| 31/12/2021 | £154k | £142k |
| 31/12/2020 | £129k | £126k |
Common questions
Is EMSWORTH BAPTIST CHURCH financially healthy?
The accounts state that unrestricted reserves decreased by £13,499 during the year, leaving a carried-forward balance of £47,015. The trustees note that rising costs due to inflation and the appointment of a second full-time pastor will significantly increase expenditure in 2024, requiring increased income to avoid a deficit. Its FY2023 accounts were independently examined.