Vision Church Bromley
Provides services to the community
Financial health, per its FY2024 accounts
The accounts state that unrestricted funds (reserves) stood at £98,515, a decrease from the previous year's £96,129, following a net income of £2,386. The trustees maintain that the charity has adequate resources to continue in operational existence for the foreseeable future. No specific reserves policy target is stated, only a general belief that unrestricted funds should be maintained to handle significant drops in funding.
What the accounts disclose
“During the year, one Trustee received £25,000 in respect of his employment as the resident Pastor (2023 - £25,000). These services were provided separately from their role as a Trustee.” — page 9
“In the year to 31 December 2024, trustees donated £2,700 (2023: £1,880) to the charity. There were no other related parties transactions.” — page 12
Trustees
- Christopher Dias-Abeyesinghe
- DONALD STEPHEN MAYHEW
- Tudor Vladut Ciolan
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £64k | £62k |
| 31/12/2023 | £66k | £55k |
| 31/12/2022 | £63k | £55k |
| 31/12/2021 | £41k | £40k |
| 31/12/2020 | £37k | £46k |
Common questions
Is Vision Church Bromley financially healthy?
Per its FY2024 accounts: The accounts state that unrestricted funds (reserves) stood at £98,515, a decrease from the previous year's £96,129, following a net income of £2,386. The trustees maintain that the charity has adequate resources to continue in operational existence for the foreseeable future. No specific reserves policy target is stated, only a general belief that unrestricted funds should be maintained to handle significant drops in funding. Its FY2024 accounts were independently examined.