LUMB BAPTIST CHURCH
Religious and community activities for all ages
Financial health, per its FY2024 accounts
The accounts state that the charity operated with a net deficit of £8,972 for the year, reducing its cash balance from £47,905 to £38,932. The trustees maintain a reserves policy targeting six months of staffing and regular expenditure, valued at a minimum of £20,000, with current regular expenditure deemed to be £31,000. The charity holds unrestricted cash funds of £38,932, which exceeds the stated minimum policy target.
What the accounts disclose
“Weekly offerings 40,720”
“The Reserves policy of our church is to hold six months’ staffing costs and six months’ regular expenditure to allow the church to adapt to any changes in the income or expenditure of the church. This is subject to a minimum of £20,000. After preparation of the 2025 budget, six months’ regular expenditure is deemed to be £31,000” — page 4
Register events
- Received assets from another charity (09/10/2023)
Trustees
- Rev Stephen William Ansellchair
- Beryl Tattersall
- Elizabeth Rimmer
- Ian Kevin Rimmer
- Julie Sharp
- Marilyn Grainger
- Professor Peter Robert Fielden
- Rosalind Bill
- Sally Fielden
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £77k | £79k |
| 31/12/2024 | £76k | £85k |
| 31/12/2023 | £63k | £67k |
| 31/12/2022 | £0 | £0 |
Common questions
Is LUMB BAPTIST CHURCH financially healthy?
Per its FY2024 accounts: The accounts state that the charity operated with a net deficit of £8,972 for the year, reducing its cash balance from £47,905 to £38,932. The trustees maintain a reserves policy targeting six months of staffing and regular expenditure, valued at a minimum of £20,000, with current regular expenditure deemed to be £31,000. The charity holds unrestricted cash funds of £38,932, which exceeds the stated minimum policy target. Its FY2024 accounts were independently examined.