FAREHAM BAPTIST NEW LIFE CHURCH
Financial health, per its FY2023 accounts
The accounts state that the charity reported a deficit of £12,349 for the year ended 31 March 2023, with unrestricted reserves decreasing from £143,208 to £130,859. The trustees note that the charity is funded mainly through gifts and donations and income from the preschool, and they do not consider a specific reserves policy to be required at this time.
What the accounts disclose
Trustees
- David Allison
- Joanna Ruth Dear
- John Dear
- MYRTLE ALICE MARY ROGERS
- Matthew Hibberd
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £162k | £231k |
| 31/03/2024 | £157k | £127k |
| 31/03/2023 | £143k | £155k |
| 31/03/2022 | £155k | £141k |
| 31/03/2021 | £146k | £109k |
Common questions
Is FAREHAM BAPTIST NEW LIFE CHURCH financially healthy?
The accounts state that the charity reported a deficit of £12,349 for the year ended 31 March 2023, with unrestricted reserves decreasing from £143,208 to £130,859. The trustees note that the charity is funded mainly through gifts and donations and income from the preschool, and they do not consider a specific reserves policy to be required at this time. Its FY2023 accounts were independently examined.