SHOREHAM BAPTIST CHURCH
Financial health, per its FY2023 accounts
The accounts state that the charity reported a net deficit of £7,392 for the year ended 31 March 2023, resulting in a decrease in total funds. However, the trustees confirm that the charity maintains sufficient unrestricted reserves of £1,593,425 to meet its financial commitments and has adopted the going concern basis, noting that savings were not needed despite rising energy costs.
What the accounts disclose
Funders the charity credits
Trustees
- David Peter Buck BSc
- Deborah Anne Copeland
- Denise Edwards BTh
- JOHN LILLYWHITE CIPS DIPTH
- Kevin Leggett
- REV DAVID PAUL ROLLINGS BA MA
- ROBERT MICHAEL DAINTREE CENG
- Rev Kevin David Mills
- Simon Peter O'Brien BEng CEng
- Valerie Lynn
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £125k | £103k |
| 31/03/2024 | £138k | £141k |
| 31/03/2023 | £118k | £125k |
| 31/03/2022 | £106k | £118k |
| 31/03/2021 | £101k | £118k |
Common questions
Is SHOREHAM BAPTIST CHURCH financially healthy?
The accounts state that the charity reported a net deficit of £7,392 for the year ended 31 March 2023, resulting in a decrease in total funds. However, the trustees confirm that the charity maintains sufficient unrestricted reserves of £1,593,425 to meet its financial commitments and has adopted the going concern basis, noting that savings were not needed despite rising energy costs. Its FY2023 accounts were independently examined.