NEW STREET BAPTIST CHURCH
The purposes of the Church are the advancement of the Christian faith in accordance with the Basis of Faith primarily but not exclusively within St Neots, Cambridgeshire and the surrounding neighbourhood and such other charitable purposes as shall put into practice the Christian faith in accordance with the Basis of Faith.
Financial health, per its FY2024 accounts
The accounts state that unrestricted funds totalled £71,127 at the end of the year, which is below the trustees' stated policy target of holding funds equivalent to three months' income. The charity reported a net surplus of £5,460 for the year, with bank balances increasing from £65,667 to £71,127.
What the accounts disclose
“Covenants, gifts and offerings 52,827 180 - 53,007 57,171” — page 7
“The Church's policy is to hold unrestricted funds equivalent to around three months’ income in order to mitigate the impact of any unforeseen drop in income.” — page 5
Trustees
- Ann Broughton
- Daniel Mark Coulling
- Malcolm Crawford
- Simon Ashley Cooper
- Steven Paul Todd
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £55k | £49k |
| 31/12/2023 | £59k | £73k |
| 31/12/2022 | £63k | £60k |
| 31/12/2021 | £77k | £47k |
| 31/12/2020 | £47k | £0 |
Common questions
Is NEW STREET BAPTIST CHURCH financially healthy?
Per its FY2024 accounts: The accounts state that unrestricted funds totalled £71,127 at the end of the year, which is below the trustees' stated policy target of holding funds equivalent to three months' income. The charity reported a net surplus of £5,460 for the year, with bank balances increasing from £65,667 to £71,127. Its FY2024 accounts were independently examined.