SITTINGBOURNE BAPTIST CHURCH
Financial health, per its FY2023 accounts
The accounts state that the charity recorded a deficit of £10,570 for the year ended 31 December 2023, with total funds decreasing from £115,038 to £104,468. The trustees report that despite the deficit, finances remain very good, supported by a bank balance of £99,949 at year-end. The charity holds approximately 30% of its annual expenditure as cash in reserve to mitigate risks associated with income variability.
What the accounts disclose
“We hold approximately 30% of our annual expenditure as cash in reserve in the event of income not being up to estimated amounts.”
“During the year D Casse, a trustee, made donations to the charity of £924 (2022: £924). During the year F Cowan, a trustee, made donations to the charity of £4,848 (2022: £4,775). During the year G Atkinson, a trustee, made donations to the charity of £1,600 (2022: £1,500). During the year D Thomson, a trustee, made donations to the charity of £2,360 (2022: £1,800). During the year K Osoba, a trustee, made donations to the charity of £3,854 (2022: £3,100). During the year A Cole, a trustee, made donations to the charity of £2,130 (2022: £1,980). During the year R Sills, a trustee, made donations to the charity of £1,800 (2022: £1,835). During the year N Gordon, a trustee, made donations to the charity of £182 (2022: £55).” — page 22
Trustees
- ADRIAN CHEESMAN
- Cresta Durojaiye
- DAVID CASSE
- Flavie Balliet
- Lisa Jane Pennington
- Paul Blake
- Rev Nathan Gordon
- Richard Sills
- Sian Rebecca Ratchford
- Willem Zingstra
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £165k | £178k |
| 31/12/2023 | £180k | £191k |
| 31/12/2022 | £152k | £130k |
| 31/12/2021 | £146k | £123k |
| 31/12/2020 | £218k | £192k |
Common questions
Is SITTINGBOURNE BAPTIST CHURCH financially healthy?
The accounts state that the charity recorded a deficit of £10,570 for the year ended 31 December 2023, with total funds decreasing from £115,038 to £104,468. The trustees report that despite the deficit, finances remain very good, supported by a bank balance of £99,949 at year-end. The charity holds approximately 30% of its annual expenditure as cash in reserve to mitigate risks associated with income variability. Its FY2023 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST STEPHEN, EAST TWICKENHAM | 1 | £3k |
| THE JONATHAN TOWLER FOUNDATION | 1 | £3k |
| THE JOHN HORSEMAN TRUST | 1 | £2k |
| Wokingham United Charities | 1 | £1k |
| THE RED SOCKS CHARITABLE TRUST | 1 | £1k |
| Aylesham Community Trust | 1 | £967 |
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