HERNE BAY BAPTIST CHURCH
Financial health, per its FY2024 accounts
The accounts state that the charity reported a financial deficit of £41,486 for the year ended 31 December 2024, driven by increased expenditure on property repairs and maintenance. Despite this deficit, the charity held total cash reserves of £127,047 at year-end, which the trustees confirmed were sufficient to continue operations for the foreseeable future.
What the accounts disclose
“The Church maintains a reserves policy to retain cash reserves approximately equal to six months’ committed expenditure.” — page 5
“The Baptist Union Corporation Limited is custodian trustee of the land and premises used by the church in Herne Bay High Street and Spenser Road, Herne Bay under a “Fairburn Trust.” The Church has the benefit of using these properties and is responsible for maintaining them. It cannot sell and redeploy the proceeds without prior permission from The Baptist Union Corporation Limited.” — page 3
Trustees
- Denise Hahner
- Geoffrey Alan Court
- Rev Stevan Kirk-Smith
- Trevor Alfred Aldridge
- Yvonne Setter
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £114k | £133k |
| 31/12/2024 | £103k | £144k |
| 31/12/2023 | £125k | £113k |
| 31/12/2022 | £198k | £109k |
| 31/12/2021 | £101k | £109k |
Common questions
Is HERNE BAY BAPTIST CHURCH financially healthy?
The accounts state that the charity reported a financial deficit of £41,486 for the year ended 31 December 2024, driven by increased expenditure on property repairs and maintenance. Despite this deficit, the charity held total cash reserves of £127,047 at year-end, which the trustees confirmed were sufficient to continue operations for the foreseeable future. Its FY2024 accounts were independently examined.
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