BEACON PARK BAPTIST CHURCH
We are a local church meeting in Beacon Park. There are a number of activities for all ages, especially children and young people. Please see our website for more information. Web site address:beaconparkbaptistchurch.org.
Financial health, per its FY2024 accounts
The accounts state that the charity reported an operating deficit of £4,019 for the year ended 31 December 2024, resulting in a decrease in net assets to £392,648. Despite the deficit, the trustees report that the liquidity situation remains good with cash balances of £48,643 and unrestricted reserves held in instant access or deposit accounts. The trustees believe the appropriate level of free reserves should be in the region of £30,000, which is well covered by the current unrestricted funds.
What the accounts disclose
“The Trustees believe the appropriate level of UK free reserves in unrestricted funds should be in the region of £30,000, which represents just over three months’ expenditure” — page 6
Trustees
- RICHARD ALAN CLARKEchair
- Dr COLIN JEFFREY CHRISTOPHER
- STEPHEN JOHN CLARKE
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £78k | £82k |
| 31/12/2023 | £83k | £56k |
| 31/12/2022 | £62k | £99k |
| 31/12/2021 | £52k | £54k |
| 31/12/2020 | £83k | £54k |
Common questions
Is BEACON PARK BAPTIST CHURCH financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported an operating deficit of £4,019 for the year ended 31 December 2024, resulting in a decrease in net assets to £392,648. Despite the deficit, the trustees report that the liquidity situation remains good with cash balances of £48,643 and unrestricted reserves held in instant access or deposit accounts. The trustees believe the appropriate level of free reserves should be in the region of £30,000, which is well covered by the current unrestricted funds. Its FY2024 accounts were independently examined.