BUDLEIGH SALTERTON BAPTIST CHURCH
Activities include: Providing opportunities for Christian worship and prayer, the advancement of the Christian faith, pastoral care, providing help and services to the local community
Financial health, per its FY2024 accounts
The accounts state that the church reported a deficit of £28,234 for the year, largely attributed to roof repair costs which were covered by a legacy gift received in the prior year. Despite the deficit, the trustees report that free reserves stood at £80,129, which is above the stated policy target of £20,000. The church relies entirely on internal giving and does not receive external funding.
What the accounts disclose
“The reserves policy agreed by the trustees states that the church should hold at least £20,000 in freely available reserves at any one time.” — page 16
“The ministers are paid trustees appointed under the terms and processes detailed in the Constitution.” — page 4
Trustees
- James Henleychair
- Elizabeth Cottingham
- Hilary Gibson
- Penelope Mitchell
- Rev Julia Henley
- Rosemary Hunter
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £53k | £81k |
| 31/12/2023 | £83k | £49k |
| 31/12/2022 | £49k | £53k |
| 31/12/2021 | £42k | £50k |
| 31/12/2020 | £38k | £58k |
Common questions
Is BUDLEIGH SALTERTON BAPTIST CHURCH financially healthy?
Per its FY2024 accounts: The accounts state that the church reported a deficit of £28,234 for the year, largely attributed to roof repair costs which were covered by a legacy gift received in the prior year. Despite the deficit, the trustees report that free reserves stood at £80,129, which is above the stated policy target of £20,000. The church relies entirely on internal giving and does not receive external funding. Its FY2024 accounts were independently examined.