SILVERTON EVANGELICAL CHURCH
Independent Evangelical Church being a member of the South West Baptist Association serving Silverton and the surrounding area
Objects
TO ADVANCE THE CHRISTIAN FAITH
Financial health, per its FY2025 accounts
The accounts state that the charity generated a surplus for the year, with unrestricted funds increasing to £535,558. However, the trustees note that most assets are tied up in the church building and manse, leaving free reserves of £13,000 which meet the stated policy target of two months' expenditure. While the charity has no surplus cash reserves, it reports a potential cash deficit for the coming year due to loan repayments, which the finance team will monitor carefully.
What the accounts disclose
“The majority of our income comes from monthly donations from our members. These donations, including gift aid refunds increased to £76,926 from £70.278 in 2024.” — page 7
“It is the policy of the Church to maintain general reserves of at least two months’ normal expenditure which includes monthly loan repayments. This is calculated at £13,000.” — page 7
Policies the charity declares
- Complaints handling
- Complaints policy and procedures
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investment
- Paying staff
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
- Trustee expenses policy and procedures
Property (HM Land Registry)
Trustees
- Christopher Neil Maylanchair
- Dr THOMAS JARROLD BROWNE
- Laura Anne Marshall
- Luke Simeon Chapman
- ROBERT GRAEME SALISBURY
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £100k | £93k |
| 31/12/2024 | £94k | £86k |
| 31/12/2023 | £92k | £67k |
| 31/12/2022 | £80k | £66k |
| 31/12/2021 | £64k | £49k |
Common questions
Is SILVERTON EVANGELICAL CHURCH financially healthy?
Per its FY2025 accounts: The accounts state that the charity generated a surplus for the year, with unrestricted funds increasing to £535,558. However, the trustees note that most assets are tied up in the church building and manse, leaving free reserves of £13,000 which meet the stated policy target of two months' expenditure. While the charity has no surplus cash reserves, it reports a potential cash deficit for the coming year due to loan repayments, which the finance team will monitor carefully. Its FY2025 accounts were independently examined.