BURTON LATIMER BAPTIST CHURCH
Financial health, per its FY2023 accounts
The accounts state that the charity reported a net incoming resource of £37,797 for the year, driven by investment gains and increased rental income. Free reserves stood at £644,601, which is above the trustees' stated policy target of £25,000 to £30,000. The trustees confirmed adequate resources for going concern, with no material uncertainties identified.
What the accounts disclose
“The trustees have adopted a policy of maintaining free reserves not earmarked for long term investment at a level which is equivalent to two months of usual expenditure. This is estimated to equate to approximately £25,000 to £30,000” — page 7
“The Minister acts as one of the Church’s trustees in accordance with the constitution and received remuneration of £31,327 (2022: £28,262) and other benefits in respect of his services as Minister, including the provision of manse accommodation owned by the Church.” — page 21
“During the year the Church made donations of £61 (2022: £816) to the Baptist Union Home Mission Fund.”
“Certain trustees and connected persons make regular unconditional donations to the Church by standing order payment. The aggregate donations of this type in the year totalled £3,180” — page 28
“During the year the Church made donations of £61 (2022: £816) to the Baptist Union Home Mission Fund.”
“Certain trustees and connected persons make regular unconditional donations to the Church by standing order payment. The aggregate donations of this type in the year totalled £3,180” — page 28
“During the year the Church made donations of £61 (2022: £816) to the Baptist Union Home Mission Fund.”
“Certain trustees and connected persons make regular unconditional donations to the Church by standing order payment. The aggregate donations of this type in the year totalled £3,180” — page 28
Trustees
- Beverly Wittering
- Elizabeth Tricia Beska McLeod
- Iain David Newman
- Joyce Yeomans
- Ruth Groome
- Sara Guy
- Stephen Michael James Bates
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £142k | £192k |
| 31/12/2023 | £147k | £171k |
| 31/12/2022 | £139k | £165k |
| 31/12/2021 | £129k | £138k |
| 31/12/2020 | £122k | £154k |
Common questions
Is BURTON LATIMER BAPTIST CHURCH financially healthy?
The accounts state that the charity reported a net incoming resource of £37,797 for the year, driven by investment gains and increased rental income. Free reserves stood at £644,601, which is above the trustees' stated policy target of £25,000 to £30,000. The trustees confirmed adequate resources for going concern, with no material uncertainties identified. Its FY2023 accounts were independently examined.