HOPE CHURCHES
THE ESTABLISHMENT AND OPERATION OF HOPE CHURCH MALMESBURY, PROVIDING SERVICES OF CHRISTIAN WORSHIP OPEN TO ALL EVERY SUNDAY.OUTREACH ACTIVITIES TO PROMOTE THE CHRISTIAN FAITH AND LIFE SKILLS IN MALMESBURY AND THE SURROUNDING TOWNS AND VILLAGES.
Financial health, per its FY2024 accounts
The accounts state that the charity operated at a deficit of £1,972 for the year ended 31 December 2024, with total incoming resources of £47,270 and total payments of £49,241. Per the trustees' report, the charity ended the year with unrestricted cash reserves of £51,182, which is above the stated policy target of £25,000.
What the accounts disclose
“Lead Pastor Mark Faithfull was paid a salary of £7,198 and Lead Pastor Lydia Faithfull was paid a salary of £7,198 in respect of their employment as church pastors.”
“The Trustees have set a target for reserves of around six months running costs (£25,000), in order to protect the work of the charity from sudden changes in donation levels and to fund the replacement of any material equipment that should fail.” — page 4
“Mark Faithfull and Lydia Faithfull served as church leaders and were each paid £7,198 (2023: £7,198) for serving in that capacity, not for serving as trustees; these payments are permitted by the charity's governing document. No other payments were made to trustees or persons related to them, except for reimbursement of expenses paid out on behalf of the charity for duties unrelated to their duties as a trustee.” — page 9
Register events
- Received assets from another charity (11/05/2017)
Trustees
- Mark Edmund John Faithfullchair
- David George Jones
- Ian Cambray-Smith
- Susan Jones
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £47k | £49k |
| 31/12/2023 | £42k | £48k |
| 31/12/2022 | £50k | £54k |
| 31/12/2021 | £56k | £41k |
| 31/12/2020 | £59k | £52k |
Common questions
Is HOPE CHURCHES financially healthy?
Per its FY2024 accounts: The accounts state that the charity operated at a deficit of £1,972 for the year ended 31 December 2024, with total incoming resources of £47,270 and total payments of £49,241. Per the trustees' report, the charity ended the year with unrestricted cash reserves of £51,182, which is above the stated policy target of £25,000. Its FY2024 accounts were independently examined.
What does the highest-paid employee of HOPE CHURCHES earn?
Per its FY2024 accounts, the highest-paid employee was in the Under £20,000 band.